Chandigarh-Based KDDL Owns 92% Stake In A Swiss Company That Makes Favre Leuba Watches

Tatas, Birlas, Wipro and many other business houses have done it – acquiring brands/companies abroad and making the country proud. Joining this prestigious list is the Chandigarh-based KDDL, a pioneer in watch dials, which has acquired 92% stake in a Swiss company which owns the iconic brand Favre Leuba. Favre Leuba, established in 1737, was a popular luxury brand in India too.  A whole generation in the 60s, 70s, 80s grew wearing this brand. The watchmaker headquartered in Grenchen, Switzerland is the second oldest watch brand in the world, with Blancpain being the oldest. The iconic Favre Leuba brand was relaunched on August 29, this year at the decentralised event, Geneva Watch Days. KDDL founded by Yash Saboo is a pioneering manufacturer and supplier of watch dials, hands and indexes to top end global watch brands. Its subsidiary Ethos Watches is India’s largest chain of luxury watch boutiques with more than 60 stores selling over 60 premium luxury watch brands.  KDDL had bought Favre Leubra from Titan a few years back. Making a comeback, Favre Leuba has ambitious and exciting plans for the Indian market. The company plans to offer affordable and yet high value watches with a strong vintage inspiration specifically from the 1960’s when the brand was known for their robustness and functionality. The brand is looking to unveil 22 references across three distinct collections – Deep Blue, Sea Sky and Chief. (By Our Business Editor)

Is Tamil Nadu’s Knitwear & Textile Industry Safe Haven For Illegal Bangladesh Migrants?

Tamil Nadu leads in current headlines. Yes, F4 is what you are thinking. The first family has come a long way from the modest roots of Thiruvarur. Today Stalin Jr is conducting a car race event…you’ve come a long way, baby. But intel reports are pointing out that Bangladesh illegals too have come a long way to escape strife ridden country, seek jobs and livelihood and perhaps turn TN into a state like Kashmir? The Assam CM Himanta Biswa Sarma has warned TN authorities about this increasing penetration by illegals with fake IDs like Aadhaar cards and others. The Dibrugarh to Trivandrum train via Coimbatore brings job seekers and migrant workers, and it is easy to “vanish” in the crowded industrial and knitwear centres of the hinterland. A labour hungry knitwear industry gobbles up labour. According to KM Subramanian, Tiruppur Exporters Association, “TN textile industry is one of the largest…so illegals head job prospecting head straight to Tiruppur and Karur with fake documents”. About 8 lakh people are employed in the knitwear sector, with 2.5 lakhs from North India. Even 20,000 workers can be absorbed at any given time. The penny dropped with frequent visits of chief Ajit Doval to TN. His latest meeting with Governor RN Ravi has catapulted this security issue to high levels. Is this frequent visit by Doval, a signal that Governor Ravi may get an extension? (By Padma Ramnath)

No Animosity, But Mumbai Cricket Association Members Have To Make A Choice!

For the second time in three months, near about 380 member-voters of the Mumbai Cricket Association (MCA) have been called upon to cast their vote for the high-profile position of Secretary, a post that needed to be constitutionally filled after Ajinkya Naik (Secretary) was elected President in July. There has not been a political drama preceding the election on September 3 and people are not even speculating whether Maharashtra’s deputy chief minister Devendra Fadnavis is playing behind-the-scene role; he appears to have done before the election of the President following the untimely demise of his friend Amol Kale. Candidates believe that they need to have the backing of bigwigs across the political spectrum and in recent times Fadnavis’ name has surfaced more than any other. Abhay Hadap, one of the two candidates for the Secretary’s post, is banking on the goodwill he has gained following his work at maidan level for three decades and his rapport with the Secretary and officials of member clubs. Suraj Samat’s candidature proposed by Sachin Tendulkar has puzzled the cricketing fraternity in the city who feel that the legendary cricketer has been, hitherto, sagacious not to be on a particular side of the electoral process. Hadap and Samat were elected to the MCA Apex Council two years ago and were probably looking forward to hierarchical progress next year, but Kale’s death on June 10 left a vacuum providing an opportunity for the ambitious ones to try their strength and popularity.  People in the MCA feel that the two ‘by-elections’ — for the President and Secretary doesn’t matter much, and that next year’s election for the Apex Council will see either the Mahayuti (NDA) or Maha Vikas Aghadi (MVA- INDIA Bloc) call the shots. (By G Viswanath)

Kangana Ranaut Once Again In The Eye Of The Storm

Controversy seems to be the middle name of this 38-year old Queen of Bollywood. Once again actor-director-politician Kangana Ranaut is making headlines over soon-to-be released movie, Emergency where she plays the role of Indira Gandhi. Even as she hops from news channel to news channel promoting her movie and giving her version of the story, the political parties like Congress, Shiromani Akali Dal (SAD) have sought a ban on the movie. Looks like she is a proxy for hitting the BJP.  SAD, which has sent her a legal notice wants Kangana to delete a scene which shows Indira Gandhi being assassinated by Sikh security guard.. Surprisingly, even though her party BJP is backing her, the movie is yet to receive the go ahead from the Central Board of Film Certification. Most of her movies in the last few years have not done well. Nearly six of her movies like Katti Batti, Simran Panga and Tejas have not got big numbers at the box office. According to Trade Analyst, Girish Wankhede Emergency does not look strong enough to resurrect her career. Reportedly, she has decided to quit films after being elected from the Mandi Lok Sabha constituency. It is learnt that more than Rs 80-90 crore is riding on Emergency. A hardcore nationalist, Kangana who speaks her mind and not bothered of consequences has been told by her party to not to give comments on any issues.  (By Our Entertainment Editor)

Shriram Properties Steps Out Of Group’s Shadow, Creates New Brand Identity

Quarter century is indeed a cause for celebration. Why not? For, it has come a long way and is now seeking to carve out a new identity for itself. With a portfolio of close to 50 projects spanning over 24.4 million square feet, primarily in Bengaluru, and Chennai, and Kolkata, Shriram Properties is gearing up to pursue a new path. Many in Southern India often relate this to the indomitable spirit of R Thyagarajan, the founder of the Shriram Group. An iconic name in Tamil Nadu, especially, the Shriram group has gone on to hit national headlines with a series of reorganisation. Today, the group is prominently known in the financial services space. As it gears up to chalk out a hectic growth path, Shriram Properties is ready to step out of the shadows of the Shriram group. Founder Thyagarajan is ever ready to acknowledge the fact Shriram Properties is largely the creation of Murali Malayappan, its Chairman and Managing Director. As Murali is preparing to take control of the company, Shriram Properties has chosen to have its own logo. This signals its first step towards having an independent identity. Yet, claims to be a part of the Shriram groups in its advertisements. Yet, the logo change signals the transition away from the Shriram group for this company conceived and nurtured largely by Murali. Shriram Properties, perhaps, is among the earliest organised players to get into the realty field. As he tries to lay a new road for Shriram Properties, Murali has a definite task on hand. (By KT Jagannathan)

Malayalee Audiences Lapping Up Old Re-Releases In A Big Way

Thrust the Malayalam film makers to rework things amidst the OTT boom, especially yesteryear producers/directors who are missing the present day boom. Malayalee film goers are queuing up to watch some of the yesteryear classics like Manichitrathazhu, Devadoothan, Spadikam etc first released 20 to 30 years back. The re-release boom is fast catching up with at least 15 to 20 old Malayalam classics being lined up for re-release. Film maker Sibi Malayil, who is behind the re-release of Devadoothan, says that “one thing we need to ensure is that the quality of the visuals and sound improves on re-releasing a movie. Better quality raw materials help in giving audiences a better theatre experience, he added. It costs about Rs 1 crore to rework an old movie to give a 4K experience. Devadoothan, a Mohanlal starrer was a colossal flop when it was released first, 24 years back. Today, after restoring the film, re-editing and removal of unnecessary scenes and even adding spice to some of the fight scenes, the film has grossed Rs 4 crore in two weeks at the theatres. The movie is still running full house in the third week. Movies being lined for re-release include Mohanlal’s Devasuram (1993), Araam Thampuran (1997), Mammoothy’s Oru Vadakkan Veeragatha (1989) and Palery Maanikyam Oru Pathira Kolapaathakathinte Katha (2009). But, theatre owner Liberty Basheer sounds a word of caution. “We cannot predict the audience. Most of these films are available on YouTube or have been telecast on TV. Not everyone would want to experience the 4K version. “Kerala of late has been witnessing huge footfalls at theatres following successful launches of new generation films like Manjummel Boys, Avesham, Premalu etc which have grossed theatre collections over Rs 100 crore. (By Our National Editor)

Tamil Nadu BJP-AIADMK Turf War Turns Bitter

Their dreams of seizing power or even sharing it long over, the BJP and AIADMK are fighting a turf war for second place in Tamil Nadu in a bitter manner. The language of exchange between the two parties has hit a nadir with BJP TN chief K Annamalai calling former CM Edappadi K Palaniswami a ‘frog in the well’ and an ‘ignoramus,’ among other things. Not to be outdone in verbal calisthenics, AIADMK leaders took potshots at Annamalai calling him ‘an octopus’ and ‘a leech’ and burning his effigies routinely until he left for the UK for a 3-month sabbatical to join the Chevening Gurukul Fellowship for Leadership and Excellence programme. It is hard to imagine the two friendly parties in J Jayalalithaa’s time and officially allies after her death in 2016 for seven years till Sept 2023 could turn out to be such sworn rivals. The fight is for second place in TN behind the ruling DMK, which both parties are aspiring for in the 2026 assembly polls though the dynamics in those elections may be churned by the presence of superstar Vijay’s Tamilaga Vettri Kazhagam (TVK) that will be splashing its entry into state politics this month. With Union Defence Minister Rajnath Singh releasing a commemorative Rs 100 coin for M Karunanidhi centenary in Chennai, the rumour mills are working overtime imagining secret pacts between BJP and DMK. As they say, anything is possible in politics, more so in TN. (By Tamil Raja)

Ajit Pawar Keeps Away From RSS, Triggers Speculation

Nationalist Congress Party (NCP) leader Ajit Pawar’s ambivalence regarding his relationship with the Rashtriya Swayamsevak Sangh (RSS) has once again rubbed the saffron sympathisers the wrong way. The second deputy chief minister of Maharashtra is still somehow finding it difficult to align with the BJP fully, since time and again, he has chosen to keep his distance from the RSS. His latest two-day Nagpur visit was more in the news due to his absence from the RSS headquarters where chief minister Eknath Shinde and DCM Dvendra Fadnavis bowed before the memorial to RSS founder KB Hedgewar than his party political activity. Interestingly, Shinde and both DCMs later held a marathon meeting behind closed doors to discuss and plan their strategy for the assembly election. Ajit’s cautious approach towards the BJP-RSS stands in stark contrast with Shinde’s unhesitant camaraderie with Fadanvis and Union home minister Amit Shah, among others. Shinde has been complimented by PM Narendra Modi during his Maharashtra visits, sending mixed signals. In Nagpur, Ajit held a series of meetings with his followers to assess his prospects in Vidarbha after his break away from his uncle Sharad Pawar.  Although the BJP has reportedly promised to accommodate the NCP(A) in the post-election equation, the speculation surrounding him does not end. The Nagpur visit has only provided cannon fodder to Ajit’s detractors, who have been making use of such incidents to corner him. (By Dilip Chaware)

High Electricity Bills See Odisha Farmers Storming Into Tata Power Office

Despite the fact Tata Power invested Rs 4,245 crore in infrastructure development and network upgradation in Odisha, there was a sudden protest-march from farmers in Western Odisha’s Bargarh district. The protesting farmers led by Saheed Madho Singh Regional Farmers’ Organisation dumped over 3,000 smart power meters in Tata Power’s office alleging that their electricity bills are inflated and are disproportionate to their actual usage. It seems farmers who were earlier getting monthly bills of around Rs 500 per month and this number has gone up anywhere between Rs 2,000 and Rs 3,000 today. Also, there are allegations that farmers have been asked to pay arrears anywhere from Rs 50,000 to Rs 4 lakh. Besides, faulty billing farmers are complaining of frequent power cuts and low voltage as well. Tata Power Western Odisha Distribution CEO Praveen Kumar Verma, however said the smart meters are accurate in measuring the readings. He has assured the farmers their concerns would be addressed including replacement of old cables, voltage fluctuations and power cuts. (By Sangram Mohanty)

Coalition Compulsions Tames Down Ajit Pawar

Ajit Pawar is facing coalition compulsions of a completely different kind. Even as he faces a blatant dig by Eknath Shinde’s minister TanajI Sawant that Congress-Nationalist Congress Party (NCP) ideologues puke him off, Pawar chose to tamely ignore it. Known for his brash arrogant straight talk, his supporters were startled to hear him say that he would rather focus on his work, not forgetting to hint at how he continued to enjoy the confidence of Amit Shah. Along with Eknath Shinde, Ajit Pawar continues to be the only other senior leader in Maharashtra who has the ears of Shah. This is probably his trump card as also the reason for his restraint, despite a few loud voices in both the BJP and his own party, trying to raise the pitch against each other. That hasn’t stopped him from chartering his own independent path ahead though. He was the first leader from Mahayuti alliance, to tender an apology about the falling of the statue of Chhatrapati Shivaji Maharaj at Konkan. Not stopping at that, NCP’s own workers staged dharnas protesting, clearly aimed at tapping into the strong anger in Maharashtra about it. Pawar is already on a state-wide campaign in his now-trademark pink jacket, even as he simultaneously continues to participate in rallies with Shinde and Devendra Fadnavis. (By Hepzi Anthony)

Former Chief Minister Prithviraj Chavan Hints President Rule In Maharashtra

The media’s reporting lingo is now being picked up by political leaders, it seems. Nowadays, several leaders on both sides are seen claiming that the information they are sharing has been ‘learnt’ by them. Like the media, they do not disclose the source of the information. Former chief minister Prithviraj Chavan has now joined the galaxy of such leaders. He has claimed in an interview to a private television channel that the Maha Vikas Aghadi will win around 180 seats in the coming assembly election, according to surveys conducted by Central agencies. Of course, he has not named any such agency. Based on his own revelation, Chavan has predicted that President’s Rule will be imposed in the state for some time to cool down the atmosphere, in which the ruling Mahayuti alliance is facing flak due to various reasons. Elections will be held after that cooling period, he has stated. Similar predictions have been made by many opposition leaders, forgetting their own statements the next day. Before the Lok Sabha election, almost every opposition leader worth his or her salt had alleged that the EVMs will dominate the election results in favour of the Modi government. After 4 June, hardly any opposition leader has lambasted the EVMs. An otherwise inactive Chavan’s sudden efforts to court controversy of one kind or another has raised eyebrows, mostly in his own Congress party. Especially as he has not been known for making outlandish statements. (By Dilip Chaware)

About The Author

Short Post

•