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Keralam CM Questions Adani Group's 49% Stake Sale In Vizhinjam Port
Keralam chief minister V D Satheesan objects to Adani Group selling its 49% stake in Adani Vizhinjam Port Private Ltd to Mediterranean Shipping Company (MSC). The Keralam CM tweeted saying that it was announced without prior consultation with or intimation to the Government of #Keralam. “I have conveyed the State Government’s strong displeasure to the management of Adani Ports and Special Economic Zone Ltd. Any change in the concessionaire’s shareholding structure requires government approval and will be examined strictly under the provisions of the concession agreement and applicable regulations.” The Government remains committed to safeguarding Keralam’s interests and strengthening Vizhinjam as a globally competitive transshipment hub. CM’s tweet seems to have evoked mixed reactions. Why can’t investor sell his part of the stake to an investor ask many. It is micro management by the state government that is seeing the investors hesitate to invest in Kerala. If an investor legally sells shares to a foreign company, what is wrong with that? If the state government has concerns, it can buy those shares instead of creating unnecessary hurdles for investors. Countering this argument veteran journalist J Gopikrishnan posted on X that “Since the Port is under PPP Model, Kerala Govt has to approve the sale of ownership…Adani sold the 49% shares of around Rs 15000 crore …. Let us see what happens in coming days.” Yes, wait and watch is the operative word for now.

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Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”