Money or Succession Issue: The Compulsion of Selling Family-Run Business

What’s in a name? What’s in a brand? All these can just disappear. As time goes by, all these can fall by the wayside. How else can one view the happenings in the corporate world of Tamil Nadu? In the early 90s, one of the brightest jewels of the Chennai industrial world — Enfield – changed hands. Promoted by S Viswanathan and his family, Bullet-maker Enfield was sold to the Eicher group. Viswanathan & his ilk had to give up Enfield due to a combination of issues including scalability. Today, the Eicher group has taken Enfield to a new height globally.

A few days ago, another big name in Tamil Nadu – The India Cements – was sold to the Aditya Birla Group UltraTech Cement.  That sale of India Cements by N Srinivasan and his family reflects the challenges of a family-owned business. There is a similarity between Enfield and India Cements in their sale. The promoters – either by choice or circumstances — had chosen to quit. What is of significance is the fact that both have changed hands due to a sale process. This is in contrast to management changes that are happening elsewhere in the Indian corporate world. There are many such these days and happen due to corporate insolvency resolution actions.  The change of guard both at Enfield and India Cements pose new challenges to family-owned businesses in Tamil Nadu. Change is the sign of not just development but also maturity, it appears. (By KT Jagannathan)

Who Are The Real Power Behind Bollywood Stars?

They are no longer behind the scene players. The spotlight is on them too.  A case in point is Shah Rukh Khan’s manager Pooja Dadlani, besides film dos she was seen with SRK in most IPL matches. In Bollywood, the role of secretary has metamorphosed into manager. The whole dynamics has changed with manager/professional agency handling stars. Film historian Dilip Thakur says, “Back then, the secretaries knew how the film industry functioned and worked in such a way that the entire industry benefited.” Today it seems a mercenary approach, the agencies are interested in seeing that stars fees are 40% of the budget of a film. This is one of the reasons many films are bombing. A few decades back, the star’s secretary played a different role. They ensured that their star bosses are projected well. They did not think of money. When Big B returned after quitting politics, his secretary Sheetal Jain managed to organise three muhurats in a day at Mehboob Studios. And the films were Hum, Agnipath and Luv Kush. For creating buzz around Amitabh all the credit goes to Sheetal. Rajesh Khanna’s secretary Gurnaam made sure he picked the right script; she had a role to play in his super stardom. After her death, Kaka’s career plunged. Rikku Rakesh Nath who made careers of Madhuri Dixit, Shilpa Shirodkar and Anil Kapoor also ensured that some of his star clients who had no films (read jobless) got one or two films. That speaks of his clout, commitment and dedication. Sridevi’s secretary Hari Singh went that extra mile to ensure she was presented well, bagged meaty roles, and managed to get her to the No 1 position at a time when Madhuri Dixit was ruling the roost. Today, many secretaries/managers have evolved further –turned producers albeit with the backing of the stars. (By Our Entertainment Editor)

 Odisha CM Shocked: Why Iron Ore Rich Keonjhar District Has No Steel Plant

Odisha chief minister Mohan Charan Majhi is a man in a hurry. With a view to create 350,000 jobs in the next five years he is going all out to set up industries and woo private sector investment. To his utter surprise, he learnt that the iron ore rich district of Keonjhar does not have a mega steel plant. Here one may recall expelled BJP leader Bijay Mohapatra’s public statement that “Mining lobby was standing in the way.” Clearly, lack of political consensus between the ruling party and Opposition parties explains this state of affairs. On his part, CM Majhi has given an in-principle for a mega steel plant to be set up in Keonjhar district so that it can provide employment to locals. Parallelly, he has also set up a high level task force under the chairmanship of Chief Secretary to discuss with business houses for setting up a steel plant in Keonjhar district on a priority basis. If CM succeeds in drawing investment in the steel project he would have pulled off a coup. Keonjhar will be third time lucky after the failure of Vedanta Group in 2004, Arcelor Mittal in 2006 and Uttam Galva could not move beyond MoU signing stage. An environmentalist commented that even though big time steel plant investment eluded Keonjhar district so far but mining has proliferated leaving its lush green hills damaged and locals languishing in poverty. The challenge for the Majhi government is not only to bring in big time investment in the sector but also ensure that it does not damage the environment and at the same time boost employment opportunities. (By Sangram Mohanty)

Lakshya Sen Misses A Golden Chance

Lakshya Sen chucked away a big chance to earn the tag of a giant killer! Sports offers opportunities of a lifetime to dethrone champions and the 22 year old could not have given a better gift to his mentors, Prakash Padukone and Vimal Kumar, by bringing down the defending Olympic men’s singles champion — Viktor Axelsen had won the men’s singles badminton title at the Tokyo 2020 Olympics — in the Paris 2024 semi-finals. Up 17-11 in the first game and 7-0 in the second, the young aspirant squandered openings to thrash the great Dane and bid for the gold. Nothing had prepared Axelson for an inspiring and incisive display by Sen; perhaps even Padukone and Kumar would have been surprised by their charge’s extraordinary stroke play bringing out the best from his repertoire. Sen had put it across two seeded players — Indonesia’s Jonatan Christie and Chinese Taipei’s Chou Tien Chen — to get into the semi-finals. When the other Indians could not rise above the mediocrity, Sen appeared like a shining star, all ready to conquer the World.  The La Chapelle Arena was packed with the roaring India supporters and Sen had just done his part to encourage them to be full throated. Eventually he appeared to have lacked the killer instinct. Every minute after he offset the 0-3 deficit, he looked the part as a conqueror. But as they say in sport: He petered out, losing the grip on the semi-finals. (By G Viswanath, Paris)

TMC Reposts FM Nirmala’s Praise Of Mamata On X: Sister Act

It almost seemed like a sisterly act of reaching out to each other. Both FM Nirmala Sitharaman and West Bengal CM Mamata Banerjee are continuously engaging each other in social media. After FM Sitharaman praised Mamata for attending the NITI Aayog meeting and later openly lauded her in the Lok Sabha, the TMC, in its official handle, reposted her praise on X.  ‘A good Chief Minister and a fighter who has been leading the state for so many years!’ “FM@nsitharaman in a moment of honesty praises our Chairperson in Parliament. TRUTH CANNOT BE SUPPRESSED FOR LONG”! In her reply to the debate on Union Budget in the Lok Sabha on July 30, FM was particularly irked by TMC MP Prof Saugata Roy, who had remarked that he did not expect the “FM to be like Dr Manmohan Singh” as she was not a PhD from Oxford like Dr Singh not even like Chidambaram, who had got a management degree from Harvard. “She is from our own JNU. But the problem is, she is bereft of new ideas.” A somewhat peeved FM said “A lady who I respect a lot, who sits equally in the GST Council with me, who is the FM of West Bengal, studied in the University of Kolkata. She is not a Member of this House. She is the FM of West Bengal (Chandrima Bhattacharya) and studied in the University of Kolkata. Is she also bereft of new ideas? She makes wonderful contributions to the GST Council.”  The CM of West Bengal is also from the colleges affiliated to the University of Kolkata. Does this mean that if you study in the Indian universities, you are bereft of ideas? In what way are we less than the Harvards of the world or the Oxfords of the world?  (By Lakshmi Iyer)

Tamil Film Actor Vishal Addresses The Madras HC Judge As “Boss”!

Tamil film popular star Vishal’s Sandakozhi (Fighter Cock) hit the headlines in 2005, swaying its audience for 210 straight days in cinemas. The pugnacious Vishal gained popularity as a saleable star and was signed up for more films. Soon he started Vishal Film Factory. And parallel to this he also turned bellicose and aggressive for both right and wrong causes. He became the Sandakozhi in his professional life, and has been in the news for many a contentious issue. Vishal also took on Udhayanidhi Stalin’s Red Giant Distribution house though indirectly as he feared his film Rathnam could be stymied by alleged monopoly and manipulative practices. Sometimes back, he talked about corrupt practices in the Central Board of Film Certification to get his film Mark Antony certified. But now things have hit a churning point. His venture, Vishal Film Factory had borrowed Rs 23 crore from financier GN Anbu Chezhiyan. But then Vishal had a cash flow problem. To bail him out Lyca Productions stepped in and took over his debt with a deal that all future releases would go through Lyca. Vishal allegedly reneged on the deal and Lyca took him to court. Vishal had to appear in the Madras High Court of Her Honour P T Asha on July 29. During the court proceedings, when he declined that he had signed a contract but had signed a blank paper. The Judge shot back, “You were supposed to settle all dues before Sandakozhi2 release. You think it is smart to deny your own signature”? Vishal interrupted the Judge and addressed her… “Boss”. The Judge, already irritated, countered “You can’t use Boss. Just say yes or no”.  (By Padma Ramnath)

With Three Women Officials In Top Posts, Maharashtra Rights A Wrong

Maharashtra had long been facing criticism that it did not have a woman chief secretary although claims were always made about its progressive outlook and social justice, especially concerning the womenfolk. While some states had appointed women as chief secretaries, Maharashtra was always facing taunts on this count. Turning the tables, the state is now boasting that it has three women officers in topmost posts. Chief secretary Sujata Sounik finally got the top job. She was in the running for the past several years but the coveted post went to her husband, Manoj Sounik, despite her seniority on technical grounds. She finally succeeded him. The 1987-batch officer, Sujata will retire in June 2025. Similarly, senior IPS officer Rashmi Shukla was earlier appointed as director-general of police, Maharashtra by the Shinde government. Caught in some telephone tapping controversy, Shukla could escape unscathed. She will stay in office till June 2026. The triumvirate has been completed by top forest official Shomita Biswas, who has taken over as principal chief forest conservator. She is the first woman incumbent in the post. It is noted that several competent women IAS officers were kept away from the CS post over the years and one of them, Neela Satyanarayanan, had openly represented to the chief minister about the injustice to women. The track record of officers including Medha Gadgil and Chandra Iyengar was outstanding but they, too, could not smash the glass ceiling. A long-standing imperfection, thus, has been set right. Now, Maharashtra is the only state having three women leading three arms of the government. (By Dilip Chaware)

What Makes Malayalam Star Dulquer Salmaan Unique?

At 41, Dulquer Salmaan has an envious track record of big achievements –MBA from Purdue University, a Dubai stint in IT major, and then quitting this comfort zone to plunge into films to prove that just being legend Mammootty’s son would not put him in the orbit of pan India success. In 2012, when Dulquer wanted to act in films, the easiest thing for him would have been to latch on to the fame, name and star adulation of his father who at 73 continues to rock Malayalam cine world. But Mammootty made it clear that he would not call in any favours. Dulquer proved that he could build his own niche. He instinctively chose pan India films and themes in Telugu, Hindi, Tamil and Malayalam acutely aware that Dad was a hard act to follow in just Kerala cinema. A brilliant strategy that has won him a Filmfare Award and other trophies. Sita Ramam turned out to be both a creative and commercial hit, after his O Kadhal Kanmani (Mani Ratnam directed ) Kannum Kannum Kollai Adithal, King of Kotha, Karwaan and a host of projects that have built his star status, frame by frame. Dulquer runs profitable enterprises, and is brand ambassador too. His passion for bespoke cars is a luxury his star status brings. Recently when someone compared his rise to the likes of Shah Rukh Khan, an embarrassed Dulquer shot back and said please don’t insult Shah Rukh Khan. Not many star progeny have built the kind of sustained following Dulquer has carved out for himself. (By Padma Ramnath)

Travel Enthusiasts Embark On 64-Day Kolkata To London Car Expedition

Journeying from Kolkata to London might not raise many eyebrows, but doing it entirely by car certainly will. This extraordinary adventure has been meticulously organized by anesthesiologist Dr Debanjali Ray and businessman Kaushik Roy. The 64-day expedition, spanning an impressive 18,000 km, is set to begin on August 24 and conclude on October 25 and joining them on this ambitious journey are 15 travel enthusiasts. It is a journey of the Old Silk Route — the Sindhu Civilisation — that will see them traversing through 23 different countries across minor Asia and Europe. The adventurous route will traverse through Nepal, China, Kyrgyzstan, Uzbekistan, Turkmenistan, Iran, Armenia, Georgia, Turkey, Greece, Bulgaria, Serbia, Hungary, Czechia, Poland, Slovakia, Germany, Switzerland, Liechtenstein, Austria, and France before reaching the final destination in London. As part of a cultural exchange, the team will be collecting water from major rivers such as the Ganga, Brahmaputra, Indus, and Yangtze on their way to London. This collected water will be used in the ritual observance of Durga Puja. Interestingly, this expedition is a tribute to the former Kolkata-London bus service, which was once the longest bus route in the world. Operating from 1957 until the 1970s, this historic bus service had a journey duration of approximately 50 days (NOT 132 DAYS??). By completing their journey in 64 days, the Ray-Roy duo not only honours this historical landmark but also establishes a new one. And they will end their long drive by partaking at the Thames Durga Puja Parade Carnival in London. (By Tanya Bagchi)

Stalin May Make His Son Deputy CM Before He Goes To The U.S.

Tamil Nadu chief minister MK Stalin is to go to the U.S. on an official trip to attract investments to the state. Also, he will undergo medical tests and health evaluation when he is there. As the CM wishes to hoist the flag on Independence Day at Fort St George, his departure has been planned for around August 18 or later. But before then he must take a decision on the appointment of a deputy CM who will preside over cabinet meetings in his absence that could stretch to a couple of weeks if any therapy is needed in the U.S. The party has left it to him to nominate a deputy CM or a senior minister to preside over the cabinet. But it is on the cards that the CM will name his son Udhayanidhi as the Deputy CM, a decision that could have been taken much earlier but was postponed due to a few murmurings among party seniors and loyalists. Now that there is a need to name someone, Stalin may take the opportunity to make his son his deputy and open a path for him to be his political heir to head the party. Stalin has been under more pressure from within his family to take the call to make Udhayanidhi the Deputy CM than from his party. (By Tamil Raja)

Extortion Charges: In Maharashtra, Devendra Fadnavis-Anil Deshmukh War Escalates

The open war between Maharashtra’s deputy chief minister Devendra Fadnavis and former home minister Anil Deshmukh has reached another level. At the centre of the freshly erupted duel is arrested police officer Sachin Vaze. Some of his latest claims are going viral. Vaze had written to Fadnavis a couple of days ago that Deshmukh had been asking his personal staff to collect money for himself when he was the home minister. Vaze has volunteered to face a narco test. In police custody for a long time now, Vaze came into the limelight as he was reinstated in the police department ending his long suspension by the government of Uddhav Thackeray. He used to report to Deshmukh, who was then the home minister. It was reported that Vaze, a fairly junior officer, was bypassing many seniors in the hierarchy and had a direct link with Deshmukh. A huge furore followed several sensational disclosures around that matter. Owing to the seriousness of the case, an enquiry panel under Justice Chandiwal was appointed. Deshmukh has now claimed that Vaze had admitted before the panel that no money had been collected by him (Deshmukh). Moreover, the former home minister has charged that Fadnavis had been using a criminal (Vaze) for attacking him. He has alleged that Fadnavis was not making the panel report public since it had exonerated him. (By Dilip Chaware)

BollywoodEnfield BulletIndia CementJoseph StalinOdishaParis 2024Tamil Nadu politics