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ELECTRIC DREAMS:
NAVEEN MUNJAL
SATURDAY, JUNE 19 2021 Healthy online sales helped boost
their EV business during the pan-
demic, says Naveen Munjal,
managing director of Hero Electric
Vehicles. Optimistic about the
future, he says last year
proved to be the best despite
an initial dip.
SEE PAGE 12

CENTRUM-BHARATPE TO TAKE OVER PMC BANK | PAGE 16

MIXING
AT HOME THE HOME BAR IS BUZZING WITH QUIRKY
INFUSIONS, COCKTAIL KITS AND TRENDY
MIXERS. WE ASK SIX TOP MIXOLOGISTS IN
THE COUNTRY FOR WAYS TO UP YOUR
COCKTAIL MIXING GAME FURTHER

LOCAL
The J&K group that mentors
school and college students
THINK
There’s plastic
in your fish
VANTAGE
What’s keeping some from
getting the covid-19 vaccine
CULTURE
Bengaluru, old,
new and in between
02 SATURDAY, 19 JUNE 2021
BENGALURU FIRST

A NOTE FROM MENTORING FUTURE SCIENTISTS


THE EDITOR PHOTOGRAPHS COURTESY JKSCIENTISTS

THE LOCAL
SHALINI UMACHANDRAN Stories from the alleys
and gullies of India

Run by researchers, the


Raising the bar decade-old non-profit
JKScientists helps
at home science students from
Jammu and Kashmir
ISTOCKPHOTO plan their careers
Majid Maqbool

T
ulaib Azam, a 23-year-old
from Mundji village in Kash-
mir, recently completed his Over 200 students, including graduates and postgraduates, benefit from JKScientists’ programmes every year.
master’s in biotechnology
from the Central University Syed, the JKS founder-director who members, which includes students, teach-
of Kashmir. Over the last five years, he has comes from the Wahabpora area of Kash- THE MENTORSHIP ers, scientists and research scholars.
been in touch with the mentors of JKScien- mir’s Budgam district, says the aim of setting PROGRAMMES, Syed understands the challenges, ranging
tists (JKS), a non-profit run by a group of up JKS was to find a way to foster science WHICH RUN from lockdowns to curfews and internet
young Kashmiri researchers to help school education in the region, particularly among THROUGH THE YEAR, shutdowns, that students in the region face.
and college students, who had once visited students from underprivileged and under- INCLUDE INITIATIVES “While the infrastructure and resources are
the university for an interaction. represented backgrounds. “We take it upon also limited, the education system is also
They guided him on career planning, ourselves to identify brilliant minds, nurture TO HELP STUDENTS outdated. Promising talent is not promoted.
even helping him draft his CV and statement them and ensure they achieve their goals,” JOIN RESEARCH LABS Most teachers and faculty don’t put in that
of purpose. And earlier this year, Azam was says Syed, a neuroscientist who is currently OR SUMMER extra effort to mentor individual students,”
selected as a research assistant on a project assistant professor of biology at the Univer- SCHOOLS he says.
at the Centre for Cellular and Molecular sity of New Mexico in the US. Earlier this Students are not encouraged to ask ques-
Biology, Hyderabad. “The mentors also did year, he was awarded the CAREER award by tions, brainstorm and come up with novel
The pandemic, for those who seemed to have boundless mock interviews, which prepared me well to the US’ National Science Foundation for his ideas, says Syed. “As a result, when they
time and enthusiasm, began with posting photographs of face the actual one at CCMB,” he adds. current research project on mechanisms come out of universities and colleges, they
delicately iced cupcakes and gooey banana bread; many of It was 10 years ago, in 2011, that Mubarak that regulate neural identity, connectivity have a degree but lack the skills to communi-
them have now shifted to posts about mental health and Hussain Syed, now 39, started JKS. In the and functions. cate properly and professionally.”
managing anxiety. When it comes to drinking at home years since, JKS has mentored over 4,000 After a master’s in biochemistry from the JKS, Syed says, is also trying to encourage
though, things seem to have gone the other way. From toss- school and college students, helping them to University of Kashmir in 2005, Syed worked women students. “We have created a
ing watermelon chunks in the blender with gin, the home pursue higher studies and excel in their cho- as a junior research fellow at the National women’s support group and recently started
bartender has moved on to experimenting with unusually sen fields. The JKS mentorship pro- Centre for Biological Sciences in Bengaluru. an inspiring women series where successful
flavoured mixers, infusions and cocktail kits. grammes, which run through the year, In 2008, he went on to pursue a PhD in bio- women entrepreneurs and researchers
For our cover story this week, we got some of the coun- include initiatives to help students join logical sciences through the Max Planck fel- share their experiences with younger peo-
try’s better-known mixologists and bartenders to provide research labs for their dissertations as well as lowship from the University of Münster, ple, especially with women students,” he
tips and tricks. From basics like which YouTube channels to guide undergraduates to summer schools. Germany. Later, he held a postdoctoral fel- says.
follow and how to make perfect ice in your fridge, to picking The main mentors are from J&K but scien- lowship at the University of Oregon, US. Till 2019, JKS volunteers would visit stu-
the right glasses and music and explaining how to blend easy tists around the country help with research Syed’s efforts to give back to society began dents in schools, colleges and universities
syrups for that extra flair, each of them offers pointers to opportunities. in 2011, when he was close to completing his once a year to identify those who needed
help you improve your cocktail mixing at home. And if it’s Over 200 students, including graduates PhD. Along with like-minded friends and mentoring. But the lockdown in August that
too much effort to measure, mix, shake and pour, you could and postgraduates, benefit from their pro- young scientists from Kashmir, he felt the year, followed by the outbreak of covid-19 in
order cocktail pre-mixes that have been launched by a slew grammes every year, says Syed. So far, they need to start an educational initiative. So 2020, has limited its offline activities. They
of small companies, many run by bartenders who have been have stayed away from fund-raising, except they started a Facebook page, initially called have, however, continued online career
forced by the pandemic to take a hiatus from nightly mixing. to help students who were cut off from par- Kashmir Scientists and later renamed JKSci- counselling, mentorship programmes, lec-
Everything has come home during the pandemic, includ- ents during the August 2019 shutdown and entists, to connect with students from the tures and awareness sessions—some on local
ing, of course, school. As a class XII student writes for months-long communications blockade— Kashmir, Jammu and Ladakh regions. Now TV channels in Kashmir. JKS members have
Lounge, students have taken to apps, focus rooms and online and since the covid-19 outbreak last year. registered as a non-profit educational orga- also done their bit to donate and deliver
study circles to recreate the feeling of the classroom—and The group’s impact has been even more nisation in the US, JKS has more than 11,000 essential medical supplies to healthcare
have discovered new productivity aids. What has really palpable since the pandemic pushed schools workers across the Valley.
taken the student world by storm is the Pomodoro method and colleges online. For JKS too pivoted to a Syed and the mentors at JKS are hoping to
of splitting tasks into smaller, manageable ones—but they digital, one-on-one mentorship programme. resume normal activities in the near future.
practise it as a community, following YouTube videos and Umer Saleem Bhat, currently pursuing a “Our next target is to connect to students
working alone together. These videos seem quite relaxing, PhD in neuroscience at the Indian Institute and researchers from far-off places (where
too, if you need a calming soundtrack of office-like white of Science Education and Research in they have not done student-centric pro-
noise in the background. If you find it hard to focus on work Mohali, Punjab, is one of the beneficiaries of grammes yet) who lack the facilities and
at home, there might be something to learn from the meth- JKS’ SPROUT mentorship programme, exposure to the diverse opportunities in the
ods of these 17-year-olds. started in 2018. He joined it as an MSc stu- fields of science, technology, engineering,
But it’s the weekend, and it’s time for a break from work— dent in biotechnology at the University of and mathematics (STEM),” he says.
so we have suggestions for books to buy, shows and films to Kashmir. Now, he is a mentor and leads the This year, JKS plans to register itself as a
watch, art shows to check out, and teas to brew (or cocktails journal clubs at JKS. “My own mentors at non-governmental organisation in J&K as
to mix) while you relax. JKS helped me better channelise my efforts well as start a STEM centre in Kashmir to
while I was looking for a PhD position out- offer a physical space for discussions, skill
Write to the Lounge editor shalini.umachandran@htlive.com side Kashmir,” says Bhat. “The mentorship development and counselling.
@shalinimb programme has great potential in sharpen-
ing the acumen of young and aspiring scien- Majid Maqbool is a Srinagar-based jour-
tists from Jammu and Kashmir (J&K).” nalist.

LOUNGE MOVE THINK LIVE WEAR


ONLINE
What ultra-running Elderly wait for the Why toddlers play Sunblock for
YOUR needs in India phone to ring with utensils screen time
FAVOURITE
WEEKEND READ
T C Y W
he world of ultra-running—races ovid-19 and the consequent lock- ou could buy your toddler the e have all been spending more
longer than the usual 42km mara- downs have heightened the lon- most expensive toys but the little time indoors but that doesn’t
NOW THROUGH thons—takes runners to some of eliness and anxiety felt by senior one will still prefer to bang spoons mean you can afford to leave
the most idyllic locations, where the dis- citizens, who are more vulnerable to the against pans or stack cups. Playing with off the sunblock. For it’s not just natural
THE WEEK tance and environment present the per- virus. A new survey finds that an over- utensils is far more interesting because sunlight that damages skin. Research
fect test for one’s endurance. But when whelming majority of the elderly miss it is a form of sensory play that allows shows that exposure to blue light from
the weather turns, the challenge posed simple routines and joys, like going for a children to discover a spectrum of computer screens can lead to skin dam-
The best of Mintlounge.in from by the elements can trans- walk or meeting family. sounds and actions. It also age as well. And that’s why
form these races into a More than 35% said they gives them a chance to the one product you
the week gone by and what to battle for survival. This is spend the day waiting for emulate the movements should never skip in your
look forward to in the one ahead what happened at the the phone to ring, while a they see adults making in daily skincare routine is
Huanghe Shilin Mountain similar number said they the kitchen, writes new sunscreen, whether you
Marathon in China, where just rest all day as they can mom Ayushi Gupta- are inside or outside,
21 runners were killed by inclement no longer go out, writes Prachi Pinglay- Mehra. Simple and fewer playthings also writes Dhara Vora Sabhnani, explaining
weather in May. Over the past few years, Plumber. What is making it all worse is let a child’s imagination run riot, encour- the different types available in the mar-
ultra-running has caught on in India but their isolation at home and the fact that aging creativity and forcing them to find ket. You may not have to reapply sun-
there isn’t enough attention being paid they either do not have access to smart- different ways to play with the same toys. screen every few hours indoors but it
to rules and safety regulations, writes phones or are not habituated to using Sensory play actually enhances cogni- acts as a perfect shield against all the
Shail Desai. them. tive growth. damaging light and pollutants.

lounge@livemint.com In Health >> Fitness In News >> Talking Point In Relationships >> Raising Parents In Fashion >> Beauty
@mint_lounge
@livemintlounge

ON THE COVER: YANGDUP LAMA, CO-FOUNDER, SIDECAR AND C&D SPEAKEASY, DELHI
FIRST SATURDAY, 19 JUNE 2021
BENGALURU 03

THE SEVEN AGAINST ALL ODDS CLIMATE CHANGE TRACKER


BIBEK BHATTACHARYA
THIS WEEK: A more intense and unpredictable monsoon
Vinod Kapri’s 2020
project on the long
trek home of seven
migrant workers is
now a book and a
documentary
Somak Ghoshal
somak.g@livemint.com

J
ournalist and film-maker
Vinod Kapri’s new book,
1232km: The Long Journey
Home, is prefaced by a haunt-
ing poem by Gulzar. Recall-
ing the exodus of millions during the par-
tition of the subcontinent in 1947, the poet Waterlogged roads in Mumbai after monsoon rain in early June. HINDUSTAN TIMES
pays homage to the numberless migrant
workers who were forced to take to the As the lockdown kept
road, on foot or bicycles, during the
nationwide lockdown to curb covid-19 last
year. “Which partition was bigger?” Gul-
zar wonders in the concluding lines, his
getting extended last year,
migrant workers in cities
set out for their homes in
far-flung villages.
A wild monsoon
A
question echoing through readers’ minds. s of 17 June, the monsoon has been making its stately progress across the
“(Last year’s mass migration) was not subcontinent, and has covered nearly two-thirds of the country. According
caused by geographical division, but way, for instance—which bring breathless Bearing witness to tragedy comes at a to the India Meteorological Department (IMD), its spread in the north-
rather by the partition between the suspense to the narrative. These details cost—not merely physical and emotional, west will be delayed, though it had initially seemed that the monsoon would arrive
classes, of hearts,” says Kapri, whose docu- were fleshed out through post-facto inter- but also ethical. It was no different for in the region weeks ahead of schedule. It set in a couple of days late in Kerala, on
mentary of the same name as the book is views, as were many of the intimate Kapri, who narrates the story of the 3 June, but records compiled since show that so far, rainfall has been a good 25%
currently streaming on Disney+ Hotstar. touches—stories about the families of the 1,232km journey with humility and a keen above normal.
As the lockdown kept getting extended, men, their growing years, and harsh self-awareness of his privilege. When he It’s still too early to say how the monsoon will play out over the next three
migrant workers in cities set out for their truths about poverty. In a telling moment, tries, with tact and consideration, to ques- months. However, it is now clear that India will have to start preparing for an
homes in far-flung villages, driven by lack for instance, Mukesh argues forcefully tion Ram Babu’s decision to have four increasingly unpredictable monsoon over the coming years and decades due to
of income and hunger. Kapri and his col- that the poor don’t need charity—they children in spite of gnawing poverty, he climate change. A new study published in the journal Science Advances on 4 June
league Manav Yadav trailed a group of need a decent education. “If they get an receives a riposte that leaves him speech- confirms as much. The study, Remote And Local Drivers Of Pleistocene South Asian
seven men—Ritesh, Ashish, Ram Babu, education, they will manage food, clothes less. “In our area, floods, disease or pov- Summer Monsoon Precipitation: A Test For Future Predictions, looks to South Asia’s
Sandeep, Mukesh, Sonu and Krishna— and houses.” Life is a better teacher than erty claim at least a couple of our chil- past to assess its hydroclimatic future.
who set off from Loni in Ghaziabad, Uttar any university degree. dren,” Ram Babu says cuttingly. “That’s Prepared by a team of scientists led by Steven Clemens, a professor of geological
Pradesh, to cycle all the way back to their As for Kapri, one of the key struggles the reason we have four or five children.” sciences at Brown University, US, the report analyses changes in the monsoon’s
villages in Saharsa, Bihar. through this project was to maintain a fine 1232km is filled with many such bitter intensity over the past 900,000 years. It does so by studying sediment core sam-
Aware of the risks—of police atrocity, balance between the impulse to clinically truths—some epiphanic, others obvious— ples drilled from the floor of the Bay of Bengal in 2014. The sediments, which have
accident, exhaustion—along the way, document the journey and intervene in 1232km—The Long that open the readers’ eyes to the realities preserved a record of monsoon activity over the past million years, helped the
their decision was based on bleak but the decisions taken by the men when the Journey Home: By Vinod that stretch outside their cocoon of safety, scientists form a clear picture of changing rainfall patterns over time. The key
infallible logic: “What if we die of hunger going got tough or unpredictably tricky. Kapri, HarperCollins, a world of desperate hunger that pushes finding is that over the past 900,000 years, whenever CO2 levels in the atmos-
before the corona pandemic gets to us?” as “As documentary film-makers, we ask 232 pages, ₹399. humans to scavenge among leftovers that phere have gone up, monsoon precipitation has become both more intense and
one of them puts it. The story of that people to recreate scenes we miss, but in the elite choose to ignore as they take more unpredictable. This supports the prediction of other studies—that the
incredible journey—spanning 1,232km— this instance we decided to let it be—to Instagram-friendly photographs of their Indian monsoon is entering a period of heavier and wildly unpredictable rainfall
is documented in the movie and the book. capture only the footage we managed to,” began to follow the men, we told ourselves culinary conquests. Kapri forces us to as greenhouse gas (GHG) emissions increase.
While the screen version helps put he says. “It was our policy not to interact there were nine of us on the journey. We reckon with this so-called underbelly of Among others, the Union ministry of earth sciences (MoES) report from last
faces to the names, the book fills in crucial with the men for more than 10-15 minutes (Kapri and Yadav) were as much part of it society with empathy and even moments year, Assessment Of Climate Change Over The Indian Region, stated clearly that
gaps that the camera can never fully con- every hour or so, as we did not want to as the seven men.” To this day, Kapri has of humour. At the end of this wrenching with continued global warming, monsoon precipitation over the rest of the 21st
vey. Indeed, Kapri and Yadav were not slow down their momentum.” kept alive his bond with the seven. “I journey, he writes, “not only these seven century would become more erratic, with more instances of extreme rainfall. The
around to capture some of the most chill- There was also another rule from the invited them home for Diwali last year,” he labourers, but all the labourers in the overall volume of rainfall will also increase. In fact, India is already witnessing the
ing moments in the journey—a daredevil start: “If anyone was suffering, we will help says. “They are like family.” All the earn- world were no more nameless, faceless changes. Over the past few years, no monsoon season has gone by without instan-
attempt to swim across the Ganga with the them, even if it meant compromising the ings from the book as well as the movie humans for me.” His audience will hope- ces of intense floods and abnormal dry spells. It is clear that the monsoon as we
bicycles or a near-robbery on the high- quality of the movie,” Kapri adds. “As we will also go to the men. fully share the sentiment. knew it doesn’t exist any longer.

Medium Talk More than small talk

An archive of queer love


This Instagram page
documents the
struggles and joys of
the community in India
Avantika Bhuyan
avantika.bhuyan@htlive.com

E
arlier this week, the Instagram
account LGBTQIAP Plus History of
India posted photographs from the
Hindu and Jewish marriage ceremonies Volunteers working on group activities with the children in their communities before the pandemic. AANGAN TRUST
of Mona Bachmann and author Ruth
Vanita in June 2000. The caption placed
this landmark ceremony in a contempo-
rary context: the postponement of the
hearing of LGBTQ+ marriage equality
cases to 6 July by the Delhi high court to
A lifeline for children
hear “real urgent matters” during the
pandemic. “Nobody is dying because Aangan Trust’s cues, create a safe space with their tone, is an issue. We believe that perhaps fam-
they don’t have marriage certificates,” provide bereavement and grief support ily members might be sleeping or there is
the caption echoes a statement by the ConnectKaro initiative to children, and suggest coping strate- a lull in activities at home, which gives
government’s lawyer. Celebrating Delhi Queer Pride, 2016. COURTESY LGBTQIAP PLUS HISTORY OF INDIA has launched toll-free gies. In cases where there is abuse, they them some space to talk privately,” says
Such unique juxtapositions of past and may report it—the safety of the child Sheth. So far, the team has received over
present can be found on the Instagram extensively about Siddhartha Gautam, with everything happening with a click, phone lines for 900 remains paramount. 580 calls, most callers—mainly girls—
page, started in 2016 to document the
struggles and joys of the queer commu-
who died of Hodgkin’s lymphoma at the
age of 28 in 1991. He, along with six oth-
people might not understand how this
section worked,” smiles Dr Kar.
communities across six These are not counselling sessions,
emphasises the trust’s chief operating
being in the 12-16 age group.
Last year too, the trust had offered the
nity in India. Over the past few years, ers, had founded the AIDS Bhedbhav His process for getting testimonials cities and towns officer, Chaitali Sheth. “The toll lines are service in May-June, though it wasn’t
especially since gay sex was decriminal- Virodhi Andolan—India’s first AIDS and archival material has changed too. a safe space for the children to talk and toll-free. The feedback was that many
ised by the Supreme Court in 2018, inter- activist group—which published Less He once had to scour for details; today, get some reassurance.” children couldn’t even make a call as
est in the page has increased. Anindya Than Gay: A Citizen’s Report On The Sta- people are more forthcoming with per- Rashmi Menon Although the questions seem direct their mobile phones didn’t have enough
Kar, page founder and chief medical offi- tus Of Homosexuality In India. When it sonal stories. “I have a lot of queer friends rashmi.m@htlive.com and articulate immediate concerns, they prepaid charge. They also found loneli-
cer of the Kolkata-based Advanced Neu- came out in 1991, it was the first such who are in their early 50s. While they tell reflect the underlying anxiety and fear, ness among adolescents living in cities.

W
ropsychiatry Institute, says: “I was doing Indian publication on sex and sexuality. me stories of how they would meet, and hen will the school open? Will says Chowdhury, who works with the Worse, while children were feeling
some important work regarding mental Though Dr Kar knew about Gautam, their struggles, they are not very com- it even open again?”, “Will I community in Pakur, a nine-hour drive isolated, confused and anxious during
health issues that affect the LGBTQ+ he came across more details recently in fortable with those being published. get promoted?”, “Will I be able from Ranchi. The underlying concerns the first lockdown, these emotions were
community with the World Psychiatric Siddharth Dube’s book, An Indefinite However, millennials are more forth- to go to college?”, “Can I get the vaccine she alludes to are the surge in anxiety and heightened by the second wave of cov-
Association. While I was looking for Sentence: A Personal History Of Outlawed coming with their stories. They are more even if I am not 18 years old?” These are fear children, especially girls, face since id-19. “This time, children have been fac-
queer history, I couldn’t find any Indian Love and Sex. “For the first time, I found confident and want to open up,” he says. some of the questions Samadrita Chow- the covid-19 outbreak—of being forced ing all those feelings and a lot more. We
perspective in this context. We usually a book that was exclusively about con- Through all this, the page, rooted in dhury has been fielding. into marriage early or pushed into child need to talk to our young people about
view history of the queer community temporary Indian LGBT history. Besides mental health, has never lost sight of its Chowdhury is one of 20 social workers labour. grief and death, as this is what they are
from a Western gaze. I was going through Gautam, Dube was also friends with original intent, “which is to highlight that who are part of the ConnectKaro initia- “Before the pandemic, these children experiencing and seeing around them,”
a lot of research material and was struck other queer men and women, sex work- same-sex attraction is just like heterosex- tive started by the Mumbai-based NGO had better coping mechanisms; they says Sheth. In the communities the NGO
by the amazing (Instagram) archive by ers, and those who were amongst the first uality or bisexuality,” says Dr Kar. “It has Aangan Trust, which focuses on child could negotiate with their parents to serves, close to 1,000 children have lost
The AIDS Memorial. That’s when I to fight for queer rights. You will find bits taken decades for the Indian Psychiatric safety. It offers six toll-free “warmlines” study further,” says Chowdhury. But either one or both parents.
decided we should have something from of those histories in the book. I thought Society to give a position statement to across 900 bastis (slums) and villages in with schools more or less shut since the “We listen to them, assure that the
an Indian point of view so that people Pride month was a great occasion to declare that homosexuality is not an ill- Mumbai (Maharashtra), Patna (Bihar), covid-19 outbreak, they are hearing par- schools will open, and provide emotional
could take pride in this rich history.” highlight them,” he says. ness. It finally acknowledged this after Varanasi (Uttar Pradesh), Bharatpur ents broach the subject of marriage more support. We have trained our social
So you find mentions of erotic gay cou- A post from the 1990s about the gay the World Psychiatric Association (Rajasthan), Pakur (Jharkhand) and often. The callers also talk about not get- workers on how to read between the
ples dating back to ninth century Guj- magazine Pravartak shows it had a classi- released a Position statement on same- North 24 Parganas (West Bengal). The ting the time to study since they are lines, picking up the child’s anxiety
arat, symbolising sexual liberalism, and fied column, “Networking”. Queer mem- sex attraction in 2018. It is not sexuality aim is to give underprivileged teenagers pulled into house and field work, taking through the tonal quality, etc. We tell
writings on same-sex love by Pandey bers used to write letters to each other but homophobia that creates a negative an outlet to talk and share their concerns, care of siblings, livestock and other jobs. them the truth of the situation without
Bechan Sharma, published in May 1924 through a post office box and decide on environment. People are now coming anxieties, even grief. The toll-free service is open from 9am- sugar-coating anything. It’s okay to feel
in the Kolkata biweekly Matvala. In June, the time for a call, or the dress code for a forward to understand how to cope with The team goes through in-house train- 7pm. The team has, however, noticed lonely, sad, confused—and they are not
the Pride month, Dr Kar has been posting meeting. “Today, with social networking, that. Things are changing,” says Dr Kar. ing on ways to pick up specific language that calls peak between 2-5pm. “Privacy alone in feeling this,” says Sheth.
Touch up and join Telegram Chennal
original PDF by telegram Lalit Banna sa
04 SATURDAY, 19 JUNE 2021
BENGALURU HOW TO LOUNGE THIS WEEKEND

Source
FEELING GRAND
A gifting guide for Father’s Day on Sunday
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Omar Sy is the exceedingly rare leading man who can wear smugness with grace.

TURN TURN TURN

D
Anemos Vintage Gramophone o not tell me the truth.” The request is peculiar but no more than the
With a three-speed turntable that situation—and the man asking. Assane Diop is at sea. The odds are
can play records of 33-1/3, 45 and mounting against him and his confidante is pointing out just how dire
78 rpm as well as a Bluetooth things are. Diop, who is played by the unjustly cool leading man Omar Sy,
wireless audio-streaming receiver, looks wounded by this reality check. “You are my best friend,” he explains.
this music player is for keeps. “Comfort me. Do not tell me the truth.” Truth, after all, is malleable and
Available at Anemos.in; ₹15,000 unpleasant to Diop, something he bends and something he evades. This
swashbuckling hero may be the most suave liar on television.
One of Netflix’s greatest successes, the French series Lupin is about a gen-
tleman thief following in the footsteps of Arsène Lupin, an extraordinary
character concocted by writer Maurice Leblanc in the early 1900s. Instead of
making a show about Lupin, this adaptation by George Kay and François
Uzan inventively centres around a man who loves the Lupin books to such a
perilous degree that he considers them bibles. He commits elaborate, damna-
bly cheeky crimes à la Lupin, and the only person close to catching him is
another Lupin admirer who recognises the tributes.
This approach—doffing a top hat to the gentleman thief while never claim-
ing to represent him—is a brilliant trick, allowing audiences who may not
know Arsène Lupin to nevertheless cheer for the Lupin hero. We recognise
the passion of being a fan.
The first five episodes were released this January and the well-heeled and
MULTITASKER scrupulously polite criminal won over audiences wary of subtitles to become
Frost Headphone Stand the most watched Netflix series this year. The second set of five episodes
A perfect amalgamation of came to us last week, and I am pleased to report Lupin, like a gorgeous leath-
three materials—wood, er-bound hardback, remains as satisfying as it does stylish. The show feels
cork and metal—creates both old-world and authentically modern—at once timeless and timely—and
this compact accessory to it’s genuinely hard not to smile at the screen as the plot unravels.
hold a phone at a perfect TOP BRASS The smile is because we know it’s a lark. The plot—for all its circuitousness,
angle, an organiser space Nappa Dori Bar Tool Kit and meticulous arranging of twists and flashbacks—demands but one thing of
to keep essentials and a A solid arsenal of the viewer: an eager suspension of disbelief. Like the audience at a magic
tray below to hang elegantly crafted brass bar show watching performers work mirrors and angles and get applauded for
headphones from. tools, including a peg flashy little miracles, we want to believe this ineffably stylish man can saunter
Available at Mohh.com; measure, bottle opener, into a museum and steal a priceless painting at will, and return it as discreetly
₹1,199 corkscrew and tongs—a as he likes. Pleasure trumps plausibility.
must-have for any home This set of episodes sees Diop on
bar. Available at the run, first to retrieve his kid-
Curated by Shrabonti Bagchi. Nappadori.com; ₹7,800 napped son and later fleeing
the policemen of Paris as a
fugitive wanted for mur- STREAMING TIP
der, yet our hero keeps OF THE WEEK
finding time for niceties, Those who loved the recent hit
and for setting up Mare Of Easttown and find
VIRTUAL REALITY MATCH PLAY future sleight-of-hand. themselves brimming with adulation
We see more of Diop as for Kate Winslet would do well to
a young boy getting explore Todd Haynes’ thoughtful

Euro extravaganza better as a “gentleman


thief”, the ongoing nar-
rative of each episode
miniseries Mildred Pierce (Disney+
Hotstar Premium), where Winslet
plays a conflicted wife and
marching in lockstep with mother during the Great
a flashback, lessons of the Depression. She’s
past coming good in the magnificent.
present all too neatly. This neat-
ness nearly gets on the nerves, the pre-
dictable coming together of the loop out of place among today’s fractured TV
narratives, but the self-contained nature of each episode, bookended by set-
ups and callbacks, works well for Lupin’s attempt to deliver a more nostalgic
pleasure.
“Aren’t you a little too old?” a man asks a growing boy reading one of the
Lupin books—one where Lupin takes on a version of another literary icon,
here named Herlock Sholmes—and the boy turns to him with despair. The
idea that one can be considered too old for a good adventure story is a heart-
breaking one. Parts of Mathieu Lamboley’s rollicking background score in
Lupin are reminiscent of Ray Parker and Tom Szczesniak’s theme from the
old Tintin animated series. This show evokes the elusive thrill of being young
and discovering a gripping yarn, a sensational story with rapacious villains,
overwhelming odds and a hero too good to be true.
Where to begin with Omar Sy? He is, above all, the exceedingly rare leading
man who can wear smugness with grace. He can make eye contact with a
Portugal’s Cristiano Ronaldo scored twice against Hungary on 15 June. REUTERS woman and smile in the assured inevitability of her making her way to him,
The game’s digital version includes stories in the form of an audiobook. IFA yet this doesn’t seem forced or narcissistic or unearned. Sy gives Diop a
stealthy, buttery smoothness, and this serves the frequently camouflaged

T
he group stages of UEFA Euro 2020 will see some big fixtures in character well as he darts from persona to persona, altering body language.

A lake of stories groups D and F this weekend. England could make it to the
round of 16 with a match to spare if they beat Scotland, who
need a result after the defeat to the Czech Republic in their first
Forever slippery, forever elegant.
Lupin pointedly shows how a black man—even this hulking, conspicuously
tall man—can find anonymity in a city like Paris by swiftly disguising himself
match. In Budapest, Hungary will take on world champions France, as a labourer and not getting a second look. A vanishing act isn’t always magi-

O
nce There Was A Lake, an interactive online game chronicling
the oral histories, mythologies, anecdotes and official records who look like the team to beat so far. Hungary can take heart from cal, though this well-tailored series, where Sy spins his cufflink into place as
of Bengaluru’s lakes, came into being thanks to the pandemic. their performance against Portugal and will once again have a capac- he strides into the climax, is all about tricks and flair.
Conceived by Bengaluru-based playwright Chanakya Vyas, and ity crowd at the Puskás Arena behind them. Lupin contains a lot of narrative magic but more than that, it revels in peel-
funded by the India Foundation for the Arts, it was initially designed The match of the day comes from Munich, where Germany will be ing back the curtain to show the audience how the illusion is performed. Here
as a performative, participatory board game. It would be played on looking to avoid a second defeat. They lost to France on 16 June and lies the show’s actual trick: The explanation of how a painting is heisted (or
stage by 12 players (either actors or audience members) who would will meet Portugal, the defending champions. Cristiano Ronaldo’s not) is even more preposterous, even more outlandish than the heist in ques-
assume the role of residents of a fictional neighbourhood—where team left it late against Hungary in their opening match with a three- tion but this conjures up the illusion of an “aha!” moment. Being taken into
once there was a lake. The aim was to revive the lake. Reimagined for nil victory. The equation is simple: Portugal will be through to the next confidence is its own thrill, a secret satisfaction. Everything else is done with
a single player in the digital version, the game also includes stories round if they defeat Germany, who will be unable to finish in their mirrors.
recorded in the form of an audiobook, independent of the game. It group F’s top two if they lose to Portugal and Hungary do not beat
can be played on a standard browser like Chrome/Firefox and has a France. On Sunday, Spain take on Poland in Seville. —NS Stream of Stories is a column on what to watch online. Raja Sen is a film critic
tutorial with subtitles to get started. —SB and the author of The Best Baker In The World (2017), a children’s adaptation
To play the game, visit oncetherewasalake.org Timings (IST). Saturday’s fixtures: England vs Scotland, 12.30am; of The Godfather.
Hungary vs France, 6.30pm; and Germany vs Portugal, 9.30pm. Sun-
day’s fixture: Spain vs Poland, 12.30am. On Sony Six and SonyLIV. @rajasen
THINK SATURDAY, 19 JUNE 2021
BENGALURU 05

Filling in the colours of the rainbow


The reading down of Section 377 remains a lonely landmark for members of the LGBTQ+ community. So a Madras high court
judge’s recent ruling, which came from questioning his own preconceptions, is something all of us can be inspired by

ments, done what the (2018) verdict fast without the allies who have stood by
suggested—to sensitise society, includ- it. They were the wind beneath its
CULT ing key government departments, such
as the police, we may have made some
wings. In fact, sometimes they were the
wings. Like Anjali Gopalan, head of the
FRICTION tangible progress.” Naz Project, who spoke up for LGBTQ+
Perhaps we would not even have had Indians when they didn’t want to
SANDIP the case that ended up before Justice appear in court themselves, or lawyers
ROY Anand Venkatesh of the Madras high like Anand Grover, who pursued the
court recently. A queer women couple long arc towards justice in court, or
sought protection from harassment by Nobel laureate Amartya Sen, who added

P
ride month has become ultra cool the Madurai police at the instigation of his weight to an open letter against Sec-
in India these days. their parents, who disapproved of their tion 377. While the queer petitioners in
I have seen pink momos, cook- relationship. In a 104-page judgement, the Supreme Court made waves (and
ies with Pride icing, rainbow-coloured Justice Venkatesh not only put an end justifiably so), this story would not have
dog chew toys and even rainbow-sliced to the harassment, he ordered queer-af- been written without people like Minna
bread pop up as soon as June rolls firmative counselling for the couple and Saran. When her son Nishit came out to
around. All that rainbow razzle-dazzle their parents, suggested sensitisation her on camera in the 1999 documentary
can be blinding. While promoting his programmes for different government Summer In My Veins, she winced and
gay romcom, Shubh Mangal Zyaada departments and issued guidelines on said: “You are joking. You like to shock
Savdhan, in 2020, Ayushmann Khur- how the police should treat future com- people.” Nishit died in a car crash in
rana said he was proud that India had plaints. 2002. In 2011, Saran was the lead signa-
legalised same-sex marriage. He later While activists can weigh the merits tory on a petition with 18 other parents
called it a “genuine slip”, but it is easy to of the various measures the court pre- against Section 377.
get carried away by the rainbow eupho- scribed, what is moving is Justice Ven- Many of these people spoke up on
ria and forget that while the Supreme katesh’s honesty. He writes, “I am also behalf of the LGBTQ+ community long
Court judgement decriminalising gay trying to break my own preconceived before Pride cookies became cool.
sex in 2018 (reading down Section 377 notions about this issue and I am in the When human computer Shakuntala
of the Indian Penal Code) was a land- process of evolving.” Devi wrote The World Of Homosexuals
mark one, it’s a lonely landmark. Since He said he had never personally in 1977, she was attacked for writing a
then, the government has resolutely encountered anyone from the LGBTQ+ A Pride flag outside the Supreme Court after the apex court decriminalised gay sex in 2018. AFP “voyeuristic book”. The World Of Homo-
resisted the notion of advancing community. So he set out to educate sexuals might have had its problems as a
LGBTQ+ rights beyond simple decrimi- himself. He met members from com- fraction of the country’s population”, as When the first petitions against Section women like Dr Trinetra Haldar Gum- book but her courage in writing about
nalisation, which, it bears reminding, is munity organisations like SAATHII, a if that somehow made them less deserv- 377 were filed in the Delhi high court, maraju and her mother, counsellors those “forced to live in ‘half-hiding’
not a right at all, just a stepping stone to trans woman and her mother, attended ing of their rights, or as the judgement no member of the LGBTQ+ community like Vidya Dinakaran, to guide him. We throughout their lives” should never be
equal rights. When a plea for recognis- a session with a clinical psychologist, put it, their “so-called rights”. Singhvi was comfortable being the standard- fear coming out, like the parents of the forgotten.
ing same-sex marriage under the Spe- was given books like Maya Sharma’s later said child pornography had bearer for the cause in court. By the couple at the centre of the Madurai Justice Venkatesh, however, feels
cial Marriage Act came up, the Centre Loving Women. He writes that the psy- weighed heavily on his mind even time the Supreme Court read down Sec- case, because we are afraid of log kya special. His ruling was not prompted by
was vehement in its opposition, saying chologist, the community activists and though the case had always been about tion 377, that was no longer the case. kahenge (what people will say). The any need to appear woke. It came from
the Supreme Court might have decrimi- even the petitioners themselves became consenting adults. Writer Vikram Seth had put his fears of stigma are not unjustified but questioning his own preconceptions.
nalised “a particular human behaviour” the “gurus” who helped him in his proc- Writing about the legal battle around unshaven mugshot on the cover of people also have the immense capacity That is something all of us, regardless of
but it “neither intended to, nor did in ess of “evolution”, pulling him out of the Section 377 in the anthology Sex And India Today, holding a placard saying to surprise us. Years ago, I came out to ideology, can be inspired by. That is the
fact, legitimise the human conduct in “darkness (ignorance)”. The Supreme Court, Saurabh Kirpal says “Not a criminal”. LGBTQ+ people like an old friend over a letter. He said he change we would all like to see.
question”. No one, the Centre added, Not so long ago, another judge also that a “sensitised and empathetic” judi- Ritu Dalmia, Navtej Singh, Aman Nath, was shocked by it and wondered how In a month when Pride can some-
was “dying because of the lack of mar- said he had never encountered anyone ciary makes all the difference. “It was Sunil Mehra and Ayesha Kapur had filed he could refashion his image of me in times feel more like a celebration of food
riage registration”. from the gay community. When the judicial indifference that resulted in a writ petition challenging Section 377, his head. He slept over it and then real- colouring than equal rights, this is some-
One could be a cynic and wonder Supreme Court was ruling on Section Section 377 being retained on the stat- saying it impacted their lives directly. ised it didn’t change who I was or the thing truly worth being proud about.
what decriminalisation has gotten the 377 in 2013, Justice G.S. Singhvi asked ute books, and it was the clear presence Twenty IITians approached the court memories we shared. Now he can pull
LGBTQ+ community other than a glut almost every lawyer who appeared in of empathy that resulted in Section 377 saying geekily that Section 377 had my leg about gay life. It’s not the ele- Cult Friction is a fortnightly column on
of rainbow stickers. As Sharif D. Ran- the case if they knew any gay person being read down.” “first, second and nth order effects in phant in the room that we must tiptoe issues we keep rubbing up against. San-
gnekar, author of the memoir Straight because he did not. In his ruling with But that empathy is not just a matter the lives of LGBT individuals”. around. dip Roy is a writer, journalist and radio
To Normal—My Life As A Gay Man, said S.J. Mukhopadhaya restoring Section of chance. It comes from visibility. If It is a matter of quiet pride that when LGBTQ+ Indians are indeed a minor- host.
in an interview in 2020, “Had the press, 377 to the rulebooks, the justices dis- you are not visible, you matter less, your Justice Venkatesh reached out, there ity, perhaps even minuscule. The move-
as well as Central and state govern- missed LGBTQ+ people as a “minuscule rights can become “so-called” rights. were groups like SAATHII, trans ment would not have come this far this @sandipr

ISTOCKPHOTO

OF SEAFOOD AND
THE PLASTIC OCEAN
AFP

The cargo ship disaster


off the Sri Lankan coast
reminds us of how plastic
waste and a globalised
seafood market are
taking a toll
Aaron Savio Lobo

N
ethili fry served with raw onions
(and toddy, if you are in Kerala) is a
favourite bar snack through most
of coastal south India and Sri Lanka. Neth-
ili in Tamil, netholi in Malayalam, is
among a few species of beautiful, small, COURTESY AARON SAVIO LOBO

slender white fish called anchovies that while others continued their jour- surprising, then, that it has already begun
are perfectly described by their Konkani ney to the Andaman and Nicobar to serve as a habitat for a colourful diver-
name mothiyale—like pearls. For someone Islands. Similarly, the high- sity of marine species—an entire ecosys-
who has spent a lot of time working and value Pacific Bluefin tuna is tem called the “plastisphere”.
talking about the overfishing crises and known to undertake voyages The science around the human health
advising on seafood sustainability, I have that extend all the way from impacts of consuming plastics is still being
been a strong advocate of anchovies as a waters. Among the container’s contents such events are likely to be felt in Japan across the Pacific to the decoded. Scientific innovation such as
sustainable seafood choice. were 78 metric tonnes of plastic nurdles. distant waters too—and for some west coast of the US. Some of bioplastic has the potential to replace our
As a rule of thumb, it is considered more Nurdles are tiny plastic pellets which time to come. these tunas, tested in the US, traditional plastic by at least 90%. The
sustainable to eat the small fish lower are melted down to form the basic raw While it is obvious that these had traces of radioactive cesium, main raw material for bioplastic is cellu-
down the food web, including the likes of material used in the manufacture of a wide nurdles could be transported far indicating that they were con- lose (the building material of plants) and
anchovies, sardines and mackerel, as range of products. In this case, the nurdles away by oceanic currents, the picture taminated by the leakage brought chitin (shells of crustaceans such as crab
these species generally have shorter lifes- were made of polyethylene, the most could look a lot grimmer if we add in about by the Fukushima-Daiichi and shrimp), waste products from agricul-
pans—they reach maturity early on and commonly used plastic today in polythene the role that fish and other marine wild- nuclear accident in Japan in March tural and fisheries operations. Capturing
lay thousands of eggs. As a result, their bags, mineral water bottles, plastic cling life play in spreading plastic globally, tak- 2011. and processing this biowaste would pro-
populations tend to bounce back even if film and more. Large quantities of these ing them to places and communities that Even if the fish don’t make these distant vide additional income as well as contrib-
they are subjected to heavy fishing pres- floating nurdles were washed ashore and have had little to do with these disasters. It voyages themselves, we do it for them. ute to the circular economy. Unfortu-
sure compared to their predatory coun- now coat the once pristine beaches of Sri is not just the anchovies; there are, in fact, Our seafood markets are highly globalised nately, most of the plastics today continue
terparts, including shark, kingfish, Lanka’s west coast, like an eerie blanket of a large number of fish and other marine (clockwise from top, left) ‘MV and knowing which waters your fish came to be derived from fossil fuels, so the com-
grouper and Asian sea bass. However, I snow. creatures that also consume plastic. X-Press Pearl’ sinks after from, and exactly how it was caught, is not mitment required is twofold—to substi-
recently came across research from a Scientists have used predictive models, A large study published in Wiley’s burning for almost two weeks information that’s easy to come by. There- tute with bioplastics and meet climate
group at the US’ University of California, which suggest that ocean currents would Global Change Biology in February 2021 outside Colombo’s harbour; fore, despite the dire state of fisheries glo- mitigation targets.
Davis that left me a bit flummoxed—they carry a fair proportion of these microplas- documented plastic being ingested in 386 ‘netholi’, Kerala-style fry; and bally, India’s urban rich and middle The significance of fish like nethili is
found that anchovies are attracted to the tics to the southern shores of the island of the 555 marine fish species examined— dried anchovies. classes enjoy a diversity of seafood like that they are generally eaten whole, as
smell of plastic in water; they mistake it for nation before they continue east and 210 of these were of commercial impor- never before. In addition to seafood from opposed to the boneless fillets of larger
food and eat it. beyond. In Sri Lanka itself, many poor tance. The study also showed that the all across the country, Indians now have fish you would typically consume at a res-
Sri Lanka recently experienced what fishers, already reeling from the disrup- larger predatory fish, such as the sharks access to international delights such as taurant. For poor coastal communities,
could arguably be its worst maritime dis- tions brought on by the pandemic, have and tuna, consumed far higher quantities Norwegian farmed salmon, Tasmanian they are not only a crucial protein source
aster in recent history when a fire, fol- now been told to keep off fishing till the of plastic than the smaller ones. scallops and Korean seerfish. but also a vital source of micronutrients
lowed by an explosion, broke out on the situation is brought under some sort of Another challenge is that wildlife does It doesn’t end with ocean currents and (including vitamins A and B 12, iron, cal-
cargo ship MV X-Press Pearl. It presuma- control. However, many are apprehensive not recognise borders. Many marine spe- a globalised seafood market. The chronic, cium, zinc as well as essential fatty acids),
bly started because of a leak in one of the not just about when their fishing activities cies have been documented to make dra- pernicious and overlooked plastic leakage which are contained in the organs and
containers carrying nitric acid (about 25 will resume, but also about the demand for matic ocean voyages literally halfway Fish like ‘nethili’, generally into the oceans that happens every single bones. Now, however, these valuable
tonnes of it), a commonly used raw mate- seafood, given that the disaster has stoked across the globe, sometimes further. Olive day from our lifestyle of convenience is nutrients of this otherwise perfectly built
rial in the manufacture of explosives and fears about consuming seafood. Ridley sea turtles that were fitted with sat- eaten whole, are crucial something we seem to have normalised. It superfood come with a dose of plastic sit-
fertilisers. The fire continued to burn for For all the right reasons, there has been ellite trackers at their mass nesting sources of protein and is predicted that the oceans will have more ting in its gut.
days, by which time the ship began to sink added media focus on the impacts of this beaches in Odisha have been known to micronutrients. But now this plastic than fish by 2050. While I am not
off the coast of Negombo, releasing a toxic disaster on Sri Lanka’s marine environ- travel all the way down to their feeding one for these doomsday deadlines, which- Aaron Savio Lobo is a marine conserva-
cocktail of urea fertilisers, caustic soda, ment and livelihoods. But it would not be grounds off the coast of Sri Lanka; some of
superfood comes with a ever way we look at it, plastic is now a tion scientist and a member of IUCN SSC
methanol and other chemicals into the outrageous to believe that the effects of them returned to their nesting beaches, dose of plastic sitting in its gut ubiquitous feature of the ocean. It is not Marine Conservation.
06 SATURDAY, 19 JUNE 2021
BENGALURU TASTE

THE ALCOHOL QUOTIENT


DIRECTORATE OF HORTICULTURE, GOVERNMENT OF MEGHALAYA

Why do we get tipsy? Why is gin paired with tonic? And


why beer-battered ‘pakodas’ are the crispest
ILLUSTRATION BY KRISH ASHOK

TEA NANNY

The flavour
of Meghalaya
Aravinda Anantharaman

I
n 2016, geoscientists Arindam Pal and Poulomi Sen were
driving to Shillong when their car started giving trouble
near Mawlyngot, about 45km from the town, in the East
Khasi Hills. They checked into a guest house. It was there that
they first tasted a tea they thoroughly enjoyed. They asked
their hosts about it.
“Our hosts looked surprised. They said we had just driven
through a tea estate,” says Pal.
The couple had not seen the tea estate because this was
Meghalaya, the land of low-hanging clouds that had hidden
the lush green fields from sight.
Meghalaya’s fame in tea may be recent but it’s well worth
taking note of.
The story goes that when the East India Company was look-
ing for regions suitable for tea-growing in India, they did
home in on Shillong. But it did not become a tea area since the
Khasi ruler insisted no migrants would work in his land. And
tea cultivation is labour intensive.
Meghalaya has come a long way since. In 1977, a Tea Devel-
opment Centre was set up in the state, which is suitable for the
growth of both Darjeeling and Assam varieties, to promote
cultivation. Today, the state has nearly 2,000 hectares under
tea cultivation, producing around half a million kilograms of
tea annually.
My first taste of Meghalaya tea was a black brew from LaK-
Krish Ashok vodka, gin and rum is produced by the addi- pairs well with sour and bitter flavours, which When that happens, your hand-eye coordina- yrsiew, a privately owned garden. It was in 2002 that its own-
tion of another step after fermentation to is why gin and tonic works. You would never tion suffers, a condition we colloquially term ers, Nayantara and Geert Linnebank, began planting tea. They

A
lcohol has been around with increase the concentration of alcohol—distil- be able to tolerate those bitter herbs other- “tipsy”. It also affects the functioning of the seem to have got so many things right when it comes to qual-
human beings for as long as lation. Despite the relatively booze-unfriendly wise. part of the brain that deals with self-control ity, community and branding. Today, LaKyrsiew is one of the
13,000 years, with beer and culture in our part of the world, alcoholic Another thing ethanol does is mess with the and inhibition, a phenomenon we are familiar most successful brands from India, available in the best tea
wine residues being found in drinks have been brewed in India for millen- production of a hormone called vasopressin, with from the behaviour of middle-aged stores around the world.
archaeological sites on multiple nia. For example, feni is made by fermenting which is responsible for helping your body uncles at wedding parties. At Mawlyngot, Pal and Sen had stumbled upon the 40-hec-
continents. And it’s not surprising because the the cashew apple and then distilling it to pro- retain water by controlling the kidney’s func- Alcoholic drinks can also play a stellar role tare Urlong, a farmers’ cooperative. It was started in 2011 by a
moment you take any source of sugars and duce a strong 40-45% alcohol-by-volume tioning. So when vasopressin is not produced, in your kitchen. Beer, which tends to contain schoolteacher, D.L. Nongspung, who felt something had to be
water, and just give it time, ethanol (also liquor. Toddy, a mildly alcoholic drink made your kidneys simply let water go, which is why anywhere from 3-10% alcohol by volume, is done to support struggling local farmers. The factory produ-
known as ethyl alcohol) will be produced with from the fermented sap of palm trees, yields most bars need extra washrooms. This is also simply not boozy enough for this purpose ces small volumes of orthodox black teas but also oolong,
near certainty. The alchemist in this process is the more potent arrack when distilled. one of the reasons you get a hangover; it’s though. You can still use beer in your cooking green and white tea, some exported and others sold in India.
a tiny, single-celled microbe called Saccharo- Here is what happens when you drink mostly dehydration. as a souring agent because it is acidic. The fizz- A similar cooperative model has been created in Ri Bhoi dis-
myces cerevisiae that breaks starches and sug- something with alcohol. Ethanol by itself If you have had a couple of glasses of wine, iness is also useful in making the crispest pos- trict in the East Khasi hills, under the name Arsla.
ars into ethanol and carbon dioxide. tastes sweet because it binds with the same there’s a good chance that some of the ethanol sible pakodas. Just use beer instead of water The list of tea gardens and factories is growing—and each
In the wild, yeast is everywhere. It’s on the receptors as sugars, but it also causes a burn- has reached your brain—and because it’s a when making the batter. You can also use soda garden comes with its own narrative: The Tea Development
skins of grains, fruits and vegetables. It lies, ing sensation. Remember what happens when super-tiny molecule that loves reacting with water if you do not want to use beer. Centre offers Meg Tea-Umsning, a range of Assamica teas, and
waiting for fruits to ripen, soften and release you eat chillies? The capsaicin molecule binds fats, it gets through the blood-brain barrier Wine is a fantastic cooking medium. The Meg Tea-Upper Shillong, orthodox highland teas. Sharawn
their sugars for fermentation to happen. That with a receptor that detects heat and fools with great ease and manages to mess with the grape juice flavours add complex sweet-sour- was started by John Marbaniang, who had worked with War-
blackened banana that went to mush on your your brain into thinking your mouth is on fire. way nerves communicate with one another. ness while the alcohol, a better solvent than ren Tea in Assam for over a decade. Denmar, run by Marbah
kitchen counter—it probably has anywhere Alcohol binds with the same receptor—thus water, helps extract more flavour molecules Warjri, lies in the middle of a forest of tropical fruit trees and
from 0.5-1% alcohol by volume. the burning sensation in your mouth and from spices. When used in gravies, most of the specialises in green tea. Arengh, Durama, Nalari, Anderson
Of course, wild fermentation is uncon- throat, particularly when you drink hard ethanol evaporates by the time the dish is —each offers its version of Meghalaya tea.
trolled and unpredictable because the yeast liquor. cooked, so you do not have to worry about get- I am waiting for my order of Ing tea from Zizira, a blend of
has to compete with several other microbes— But it also does something more interesting. ting drunk from the aloo gobi gravy you just green tea with lemongrass and Schezwan peppercorn. Per-
both good and bad bacteria, and pathogenic It makes the receptor more sensitive and made. You can also use a tablespoon of hard haps it will convert me to a green tea, after all.
fungi (the hairy ones). So when human beings causes it to trigger the brain at a temperature liquor like brandy or rum, especially when
figured out that grape juice left to itself for a that is slightly lower than your body’s normal deglazing the bottom of a pan, to liberate all Tea Takes: LaKyrsiew (Teabox), Urlong (Qtrove,) Zizira
while turned into a pleasantly heady experi- temperature of 37 degrees Celsius. This has The sweetness of alcohol those deliciously browned products of the (Amazon or Zizira.com), Meg Tea (megteaums@gmail.com).
ence that they rather enjoyed, they started tin- the effect of your brain starting to literally feel Maillard reaction. As the legendary chef and
kering with the conditions. And thus was born the heat of your own body! It’s not the alcohol, pairs well with sour and bitter culinary instructor Julia Child once said: “I Tea Nanny is a weekly series steeped in the world of tea. Ara-
the great culture and tradition of brewing. it’s your own body heat. And because ethanol flavours, which is why gin and enjoy cooking with wine. Sometimes I even vinda Anantharaman is a Bengaluru-based tea blogger and
Semantically speaking, fruits are fermented ends up blocking these receptors, actually tonic works. Or, you would put it in the food I am cooking.” writer who reports on the tea industry.
into wine and grains into beer, although this spicy food will taste relatively bland, which is
distinction can vary depending on which part why bar snacks tend to be quite intense to
never be able to tolerate Krish Ashok is the author of Masala Lab: The @AravindaAnanth1
of the world one is in. Hard liquor like whisky, compensate. The sweetness of alcohol also those bitter herbs Science Of Indian Cooking.

Sage and thyme and a glimmer of hope


PHOTOGRAPHS BY SAMAR HALARNKAR

the best of, and be grateful for, what we two entrées I have written about here. BAKED VEGETABLES WITH THYME
OUR have. And, oh yes, these recipes—both
D A I LY To retreat into a shell and go over to
the dark side is all too easy, and it is
dishes together serve five—demonstrate
that I can and do cook vegetarian food.
Ingredients
1 medium-size brinjal, thinly sliced
BREAD something we must all resist. From my Many of you, dear readers, often write to 2-3 large tomatoes, thinly sliced
experience of being locked down at me, much to my chagrin, saying this col- 1 large onion, thinly sliced
SAMAR home, there is no better diversion than umn is mildly entertaining and passably 4 tsp thyme leaves, plucked off stems
HALARNKAR cooking to keep your family distracted readable, but of course it is for meat eat- 2 tsp sage, roughly torn
and satisfied. Keep your stove lit and ers, is it not? Might I remind you that I 2 tsp black pepper
bountiful. have a vegetarian wife, and my oeuvre 15 cloves of garlic

J
ust as their cities begin to reopen During the shutdown, I refused to get grows by the day? Stay tuned. 200g mozzarella, grated
cautiously, friends and family in my fresh vegetable and herb supplies 2 tsp olive oil to coat oven-proof dish
Delhi complain of stifling heat, and from sundry online companies, prefer- CARROTS TOSSED WITH SAGE Salt to taste
those in Mumbai of humid, oppress- ring instead to leave home by 7am and
ive air. In salubrious Bengaluru, we frequent local stores and markets, duly Ingredients Method
have no such complaints. It is the pre- double-masked. 250g carrot, julienned Grease the oven-proof dish, lay out the
monsoon season of glorious weather. Now, as the season of nature’s boun- 1 tsp white sesame seeds onion and grill in oven at 250 degrees
There is a light breeze all day, the sky ties is especially evident, I am delighted 5-6 leaves of fresh sage, roughly torn Celsius until caramelised. Layer brinjal,
is mostly overcast, it is pleasant all day to scoop them up before the monsoon Carrots tossed with sage; and (right) baked vegetables with thyme. Half tsp pepper powder then tomato. Sprinkle with salt, half the
and there is a nip in the air at night. In wipes the shelves clean, especially the 4-5 cloves of garlic, minced black pepper, half the thyme, sage and
sum, there could not be a better time to best herbs. despair as I ran into massive citywide beyond cooking with the basics. So I 2 tsp olive oil garlic. Layer with mozzarella. Repeat
start unlocking the city after a long, dis- The only thing that has really road works, incomplete for a year and grabbed some bunches of fresh thyme Salt to taste another layer of all ingredients. Bake for
tressing lockdown of disease and death. changed now is that our market dead- running late because of the shortage of and sage, both herbs rare during the 35 minutes in an oven at 175 degrees,
The pandemic has not disappeared by line has gone from 10am to 2pm, so workers. lockdown. Method step up to 225 degrees Celsius for 15-20
any means but one can only take heart there’s no longer a rush to get out and Even though regular shopping and With my curious cat, perched on the After chopping the carrots into juli- minutes until mozzarella browns nicely.
from the troughs when they come. get back. Indeed, earlier this week, as public transport had not yet restarted, I kitchen counter, observing me—he’s ennes, mix with 1 tsp olive oil, pepper
A peak in the form of a third wave the city partially unlocked, I made my was quickly stuck in a traffic jam on an eight months old, not yet cynical and and sage. Set aside for 10 minutes. Our Daily Bread is a column on easy,
may be inevitable. Since I wrote my last first leisurely 5km trip to do some shop- excavated road where asphalt had gets excited by boiling water and siz- In a non-stick wok, heat 1 tsp of olive inventive cooking. Samar Halarnkar is
column, we have lost more people, and ping at 11am, the longest and latest I become a distant memory. zling pans—I meditatively chopped and oil, add sesame seeds and heat until the author of The Married Man’s Guide
sometimes it feels odd to be writing have been out in more than a month. In the event, those temporary tribula- processed the vegetables. they start to pop. Sauté garlic for a To Creative Cooking—And Other Dubi-
about life and food at a time like this. It was exhilarating to simply witness tions were swept aside when my bags The kitchen was redolent with the minute, add the carrots and toss ous Adventures.
But I have rationalised my predicament the world beyond my neighbourhood were full of fresh produce; anticipation fragrance of the sage and thyme as I until cooked. Add a pinch of salt if
thus: We must do what we must, make but the joy soon turned into familiar ran high. I told myself it was time to go plucked them and added them to the needed. @samar11
SMART LIVING SATURDAY, 19 JUNE 2021
BENGALURU 07

Preparing for Big Bad

GETTY IMAGES
Boards with BTS, apps ISTOCKPHOTO

pandemic has impacted the lives of every- hours during school hours and then head-
one but for the three of us, batches of ing online (yes, there again) for tuition,” he
2020, 2021 and 2022, class XII has been a says.
game of Russian roulette: the uncertainty “The fact is that it’s impossible to stay
of “Will we, won’t we give the boards” is alert and pay attention for such long peri-
quite a crippling experience. ods online while studying for the class XII
Everyone knows the 2020 batch was boards,” adds Nair.
left high and dry in the middle of their Yet we all know there is no point in sec-
boards when the first lockdown was ond-guessing the fate of the batch of 2022.
announced. “My mental health has been “As someone who has gone through it, all
like Sisyphus and his boulder since. It I can say is, don’t stress about when the
reaches the top and falls over and over and exams will happen, will they happen, how
over,” says Priyanka Sood, a 2020 batch will they happen. None of that is in your
student from the Capital’s Delhi Public control. For now, don’t stay up the entire
School (DPS), RK Puram, now in college. night, don’t follow unhealthy preparation
“My last board exam was put on hold cycles and don’t practise exam papers
indefinitely and that was unsettling. I had endlessly,” says Mehul Sharma, a batch of
made a lot of plans with my friends for the 2020 student from DPS, RK Puram, now
break between school and college but all in college. “We made it to college, so will
of that went kaput. I spent a large part of you. Keep hoping for the best (whatever
last year just being disappointed,” says that is) and take the time to build your
Ishaan Nair, a former student of DPS, RK relationship with your family. Spend time
Puram from the 2020 batch. Nair, who with them because your life will get busy
gave four out of the five board exams, really soon, fingers crossed,” says Aadya
graduated from school and has now been Choudhary, a batch of 2020 student of
in college, a place he has never visited, for Vasant Valley School, Delhi.
a year. On my part, I am fighting the feeling of
The 2021 batch found out in June that languishing by experimenting with differ-
they will not give any board exams. “I have ent productivity techniques. I see Pinter-
had so much anxiety and restlessness est boards on how to make solo study a fun
thinking about the boards, not knowing activity. I keep trying new methods to
The ad-free, 90-minute ‘Study With Me’ live sessions on YouTube have helped me increase my attention span; and (right) the famous Korean band BTS. what to do and how to go about things. break away from procrastination. My lat-
Having no idea about what we are going to est experiment is making time-lapse vid-
From productivity Anusha Sharma graders from the batches of 2020 and ulates the much craved quiet classroom do if boards don’t take place was really eos on my phone of me studying. This pre-
2021 have left the front-lines. experience. confusing and scary as a 12th grader who vents me from using my phone while
apps to YouTube he alarm rings without In the last six months, I have used the These techniques have kept me moti- is primed since senior school to be studying and makes me immensely proud
study sessions and
Focus Rooms, a class
XII student shares
how she found ways
T mercy. I hit the snooze but-
ton repeatedly even as my
best friend calls.
“Wake up!” yells Reet.
“We are in the 12th grade, for God’s sake.
Wake up and start studying.”
Yeah, she is well within her rights to
“Study With Me” live sessions found on
YouTube. These ad-free, 90-minute vid-
eos have helped increase my attention
span, especially when you have the illu-
sion of BTS members RM and Jungkook
working with you. Hey, who does not like
to study with BTS on their screen?
vated and made learning so much more
than just a chore! But even as I make and
break dozens of “let’s study smarter”
promises, my friends and I cannot help
but wonder why we are even bothering to
prepare for the boards in 2022, making
plans for colleges or signing up for
devoted to these exams,” says Fia Subu, a
2021 batch student from Sanskriti School,
Delhi. “This whole exam business is
redundant. We need some new ideas,” she
adds.
As for the batch of 2022, I can tell you,
we are terrified after seeing what hap-
of how focused I look in the videos.
Next up, Focus Rooms on Studys-
tream.live or figuring out how to create
one with other 12th graders from around
the world. Since these sites insist on keep-
ing the camera on for maximum accounta-
bility, I believe the feeling of just being
yell. Between the two of us, she is the one My friends and I also hold group study entrance exams when none of us know pened with our seniors. The constant with people across the world will be
to tackle the dreaded who actually wakes up daily at 4.45am and sessions on a Google Meet link. We just what will happen next year. questions we keep asking ourselves: encouraging.
spends the next 15 minutes dragging me open our textbooks and get on with work. The coronavirus arrived in our part of “Is preparing for the board exams even As for the “only for this lockdown” pact,
exams during covid-19 out of bed so that we can study together. A little chat, some giggles, a quick ques- the world in 2020 and changed what it worth it?” the lockdown is sort of over and the pact
Online! tion check—I find this method very con- meant to be a 12th grader. Of course, the “What is the relevance of standardised has been phased out. I have started waking
We both have different subjects. Yet structive since we keep each other exams when there is always a chance that up at 5am on most days on my own, with-
having each other on a Zoom call early in accountable. PS: Side benefits of peer our preparation will go to waste? out wailing or dodging the alarm. I freshen
the morning feels like we are back in learning include catching up on gossip! “Will we be left hanging for months like up quickly, greet the crow outside the
school, in one place, doing the thing 12th I have also tried Lifeat.io, which fol- the previous batches?” window and the cockroach by the door,
graders are supposed to do: study, study lows the Pomodoro method, a time man- “I have noticed that there is a direct make myself a cup of coffee, chew on a
and study some more. agement method using a timer to break For my friends and me, relation between the increase in the num- croissant or hog on sticky rice like my
I proposed the idea of waking up at 5am down study or work schedules into ber of cases and general anxiety levels, so favourite vlogger Deemd does, take out
daily for the duration of the second lock- defined intervals with short breaks. The class XII has been a game I try to avoid negative news,”says Parth K. my books and log into my study app.
down in Delhi. This is yet another “only unique similarity in every video—music of Russian roulette: the of Amity School, Delhi, a 12th grader like On some days, I almost feel excited
for the lockdown” pact to be productive. in the background to anchor you, ASMR uncertainty of ‘Will we, won’t me. “Do I worry about what will happen? about starting the day.
After all, we have to be “productive” (autonomous sensory meridian Yes, I do but can I stop preparing? No. So
because we are the new battalion lining up response) techniques like paper rustling,
we give the boards’ is quite it’s endless rounds of online classes, sitting Anusha Sharma is a class XII student of
to conquer the Big Bad Boards as the 12th and a soft colour palette—on the site sim- a crippling experience in one place in front of the screen for seven Sanskriti School, Delhi.

THUMB RULE
BY NITIN SREEDHAR

Space tourism takes flight AN APP A WEEK TO KEEP YOU ON TRACK

A new book charts the three-year-old Stucky told his father he THIS WEEK: WELLPAPER
would one day become an astronaut. CATEGORY: TOOLS AND PRODUCTIVITY
tragedy and triumph of Schmidle puts you on the shoulder of a
space tourism through successful pilot and his passion for fly-

the people at Richard


Branson’s Virgin Galactic
ing—from his first experiences of hang
gliding, skydiving with goggles stolen
from a chemistry lab and a dodgy para-
STAY DIGITALLY
Nitin Sreedhar
chute, to life in the Marine Corps, as a pilot
with US space agency Nasa, flying the
world’s fastest spy jet, and serving with the
HEALTHY
nitin.s@htlive.com air force during the war in Iraq. Schmidle
is no stranger to this feeling. His father,

A
bout 20 years ago, Dennis Tito, an Robert, was a decorated fighter pilot.
investment manager from Los The journey of taking people to space is Google Play Store
Angeles, US, paid $20 million also dotted with tragedy. In 2014, Stucky êêêêê
(around ₹145 crore now) to hitch a ride to saw one of his closest friends and co-pi-
space. He was supposed to visit the Mir lots, Michael Alsbury, die in a crash of the
space station—but Mir was deorbited in Virgin SpaceShipTwo space vehicle VSS App Store
March 2001. A month later, Tito visited Enterprise. Schmidle poignantly describes NA
the International Space Station (ISS). the small margins of error and the risks
He became the first so-called space that come with the job.
tourist; others followed soon. Mark Shut- It was a simple technical mistake by
tleworth, the British-South African tech Virgin Galactic founder Richard Branson (right) with test pilot Mark Stucky. GETTY IMAGES Alsbury, an experienced test pilot, that Have you ever tracked time spent on the smartphone? With
entrepreneur (2002), American entrepre- led to the crash as aerodynamic forces the WellPaper app from OneLab Studio, you can do that
neur and scientist Gregory Olsen (2005) funding this private space-flight venture. tore the ship apart. The tragedy hit through innovative wallpaper styles.
and Iranian-American engineer Branson, however, is not the only name Stucky hard but didn’t deter him. “An You won’t need a separate app to check your screen time.
Anousheh Ansari (2006) are just some in the space tourism race today. Amazon expectation of sudden death came with WellPaper uses your screen-on time data to create persona-
who have visited the ISS since, paying founder and CEO Jeff Bezos has the job; test pilots learned to metabolize lised, live wallpapers. The app connects to the internet to
anywhere from $20-35 million for the trip. announced that he will fly to space on 20 mortality differently than the rest of us,” detect different app categories from the Google Play Store. It
Between 2001-09, seven individuals flew July with his brother Mark on the first Schmidle writes. groups these into broader categories, displaying them on your
to space through the US space tourism crewed flight of the New Shepard, the There is, of course, the elation of flying screen in the form of a wallpaper. The fun part? You can
company Space Adventures and the Rus- rocket ship designed by his aerospace to space, experiencing weightlessness and choose from three styles.
sian space agency Roscosmos. company Blue Origin. An unnamed bid- returning safely to Earth. In December When you use the “Composition” wallpaper, with six col-
Orbital space tourism has picked up der even paid $28 million at a recent auc- 2018, Stucky and his co-pilot Frederick oured tiles, tapping on any one of them from your home or
pace and today, at least three major pri- tion for a seat on the same flight. Sturckow, also a former Nasa astronaut, lock screen shows the app categories (social, entertainment,
vate companies are working to build rock- As Schmidle points out, Branson, Bezos took the SpaceShipTwo more than 51 miles communication, etc.) and screen times for two seconds.
ets that will carry people into space on and SpaceX founder Elon Musk have “dis- (roughly 82.7km) above Earth, a mark Arrows indicate if the screen time has increased or decreased.
short flights. In his new book, Test Gods: tinct visions” for the journeys to space. used by the US to denote the beginning of “Radial” includes a gradient version of six coloured circles,
Virgin Galactic And The Making Of A Mod- While Virgin Galactic hopes to carry pas- space. This was a big boost for Virgin which change size according to your screen time. “Glow” fea-
ern Astronaut, The New Yorker journalist sengers on a “sub-orbital flight”, Blue Ori- Galactic—and the industry is expecting tures six neon rings. The thickness of these rings will change
Nicholas Schmidle profiles the remarka- gin is interested in deep space exploration much more, in the form of commercial depending on how much time you spend on different apps
ble story of the test pilots and visionaries too. Musk hopes to colonise Mars one day. Test Gods—Virgin operations for instance, by year-end. through the day.
behind Richard Branson’s Virgin Galactic. With Stucky, the author takes the Galactic And The Making For those who can afford it, and those WellPaper does not require you to sign up for anything.
Through the 352-page book, Schmidle reader on a deeply personal journey, right Of A Modern Astronaut: with the “right risk appetite”, nothing else And your device data remains safe.
primarily follows Mark Stucky, Virgin’s from his early days as a boy born to fly. By Nicholas Schmidle, comes close to space travel, says Schmidle.
lead test pilot. He also sheds light on Bran- Inspired by the pioneering aviator John Penguin Random House UK, “A Himalayan expedition seemed almost
son, the eccentric English billionaire Glenn, and his missions to space in 1962, 352 pages, ₹799. pedestrian by comparison.”
08 SATURDAY, 19 JUNE 2021
BENGALURU
COVER

COME HOME The home bar is buzzing


with quirky infusions,
cocktail kits and trendy
mixers. We ask six top
mixologists in the country
for ways to up your cocktail
mixing game further
Jahnabee Borah & Shrabonti Bagchi

T
ry making a Balle Balle Bloody Mary,”
says Yangdup Lama promptly in
response to a question about a recipe
for this story. The co-founder of the
award-winning Delhi bars Sidecar and
Cocktails & Dreams has mastered the magic that mix-
SHATBHI BASU ologists posses: spreading cheer.
MIXOLOGIST, AUTHOR, BAR & BEVERAGE It is this sentiment, with the pandemic offering lit-
CONSULTANT, MUMBAI tle respite, that has made this a year of mixing cock-
tails at home. The beginnings were deceptively sim- YANGDUP LAMA Glass: Stemmed goblet
Five must-have spirits at home ple—making fuss-free classic cocktails like Gin and CO-FOUNDER, SIDECAR AND C&D SPEAKEASY, DELHI
åGin Tonic and Whisky Sour. The game went up a few Ingredients
åVodka notches with Cosmopolitans and Manhattans, and Five must-have spirits at home 3 dashes of Tabasco
åDark rum now we are talking home-made infusions. åWhisky (Bourbon/Scotch) 3 dashes of Worcestershire sauce
åTequila Bars and F&B brands have caught on to this shift. åVodka 2 green chillies, chopped
åGood whisky Just as restaurants pivoted to delivery, mixologists åGin 2 tsp fresh coriander, chopped
started creating pre-mixed cocktail boxes for takea- åRum (preferably light and aged) Salt to taste
Ways to elevate the drinking experience at home. ways, released elaborate drinking guides, and con- åTequila (Silver for cocktails and Anejo for sipping) A pinch of rock salt or kala namak
Use nice glassware. Take the trouble to garnish a drink. Use ducted paid cocktail mixing sessions on Zoom—most A pinch of chaat masala
your imagination with the nibbles. Encourage local produc- were sold out. New brands specialising in cocktail Ways to elevate the drinking experience at home. 15ml lime juice
ers who create interesting wines, great beers and fantastic mixers are now stirring things up for amateur and Make it a sensorial experience. Let the drink 100ml tomato juice
spirits. These are being made by a wonderful optimistic home bartenders. lure you in by how good it looks, how good it A pinch of Maggi masala
group of talented people against all odds. These new products signal a change—a shift in tastes, and how inviting the aromas are. This 60ml vodka
Let’s support them too while enjoying great tastes from hard liquor on-the-rocks to subtle, fla- means you will need nice glassware and garnish. Lots of ice
experiences at home. vourful drinks that make the alcohol seem almost Then up your game with some great music. Cucumber slices, cherry tomatoes and mint
incidental. Some attribute this shift to the sprigs for garnish
What’s on your playlist while you gin revolution in the country, while oth- What’s on your playlist while you mix cock- Freshly ground pepper
mix cocktails? ers speak of a hankering for anything tails?
The playlist depends on the mood artisanal. Jimmy Buffett’s Margaritaville , Toby Keith’s I Love Method
and weather. I love all kinds of If you are keen to get in on this game, This Bar, Rupert Holmes’ The Pina Colada Song, Take a mixer and put all the ingredients. Give it a good
music, from Indian classical to jazz Lounge asked six top bartenders to Rod Stewart’s The Great American Songbook roll a couple of times. In other words, mix it like filter coffee
and rock; from Gangubai Hangal, share recipes, expert advice and music and What A Wonderful World. by using two glasses (three times). Fill a stem glass with ice.
Bhimsen Joshi and Vasantrao Desh- suggestions to raise the bar at home. Top up with the concoction. To garnish, slide in a slice
pande to Louis Armstrong, Benny RECIPE of cucumber, cherry tomatoes and top off with mint
Goodman and Jethro Tull. jahnabee.b@livemint.com Balle Balle Bloody Mary sprigs. Sprinkle fresh ground pepper and serve.

RECIPE
Cucumber & Curry Leaf Gin &
Tonic
Use spirits and mixers made by local
producers. I recommend Greater KARTHIK KUMAR Afro house, Adana Twins, and music from Cercle.
Than, Stranger and Sons for gin, and BEVERAGE CONSULTANT; BRAND-KEEPER AT JOSE
Svami, Bengal Bay or Sepoy & Co for CUERVO; FOUNDER, TWO OUNCES, BENGALURU RECIPE
the tonic. Espresso Martini
Glass: Tall Five must-have spirits at home Glass: Martini
åWhisky (Scotch, Bourbon, single malt, blended Scotch)
Ingredients åGin (a London-style dry gin for cocktails and Navy Ingredients
60ml gin Strength for the best Martinis) 60ml vodka, whisky or dark rum
30ml cucumber juice—use what’s in åVodka, the best spirit to experiment with 40ml freshly brewed espresso (at a pinch, you can use instant
your kitchen åWhite and dark rums, not just for making Mojitos but also coffee powder, 1 tbsp mixed in 100ml water. Use exactly
1 wedge lime—feel alive with a little to make great Tiki-style drinks like Piña Coladas, Mai Tais, 40ml of this)
tartness to wake you up Rum Old Fashioned-s and Manhattans 20ml sweetener, like sugar syrup/ hazelnut syrup/ vanilla
3 curry leaves—encourage your win- åSome aperitifs, like Campari or Aperol for cocktails and syrup.
dow garden some flavoured liqueurs
Tonic water Method
Garnish: slice of cucumber/curry leaf Ways to elevate the drinking experience at home. Shake well with ice in a closed jar or a cocktail shaker. You
stick Hire a bartender! Jokes apart, along with the flavoured syr- will get a crème layer on top when you shake the drink hard
ups available, simple things like orange peels can do wond- for a minimum of 12 seconds. Strain it into a glass. Garnish
Method ers: Peel the orange without the pith, infuse the peels with with a sprinkle of coffee or cocoa powder on top of the crème.
Fill glass with ice sugar in an airtight container, leave it for a day. You will get Bonus tip: To make vanilla syrup at home, boil 500ml
Pour in the gin and juice an orange liquid called oleo saccharum. Filter the peels, store water in a pan, remove from heat, add any sugar, stir and dis-
Squeeze the lime wedge and drop the liquid in a bottle and use a few drops in cocktails. Lemon solve the sugar. Slit 2 vanilla beans, separate the pods, and
the peel in or grapefruit peels can be infused in a similar way. add the pods and stalks to the sugar syrup pan. Let it sit for
Crush the curry leaves and drop What’s on your playlist while you make cocktails? an hour. Stir well, strain and store the syrup. in a bottle.
them in
Top with tonic and stir
Garnish
STORY SATURDAY, 19 JUNE 2021
BENGALURU 09

COCKTAIL MIXERS
SHAKE THINGS UP
Artisanal, handcrafted, stuffed with botanicals and
aromatics—we have come a long way from Coke and lime
cordial when it comes to what we mix our drinks with

Tamarind Whiskey Sour Mix from Bartisans.

Shrabonti Bagchi
shrabonti.b@livemint.com

I
t’s a real orchard out there. A jackfruit Mojito mix, a hibiscus-lavender Martini mix, a mango-
chilli Margarita mix, tonic waters infused with elderflower, with grapefruit, with orange and
basil—you could quite literally make cocktails every day for a month and not have the same
drink twice. The Indian market for cocktail mixes was not doing too badly before the pandemic—
SOURAV SINGH artisanal tonic waters were definitely beginning to make their way to home bars, for instance—but
CONSULTANT MIXOLOGIST AND FOUNDER, COCKTAIL PUNDIT, KOLKATA in the past one and a half years, the drinking experience at home has transformed completely.
“The culture of cocktails has been picking up since the past five years and bartenders have
CINDY LALRAMNGAIHZUALI Five must-have spirits at home played a very important role in that. The quality of cocktails, the variety, has gone up tremen-
BARTENDER, HOOTS’ AND PERCH, DELHI åAbsolut Vodka dously. Discovery happens at a bar, but over the pandemic, people couldn’t go out that much but
åGreater Than gin still wanted to recreate that experience at home,” says Aneesh Bhasin, co-founder of Foxtrot
Five must-have spirits at home åJim Beam whisky Beverages Pvt. Ltd, a “progressive drinks company” that makes the Svami range of tonic waters
åYour favourite spirit—be it gin or whisky or rum åBacardi rum and non-alcoholic pre-mixed drinks, one of the earliest entrants in this category.
åVermouth åTequila La Chika The variety Bhasin talks about is truly considerable, and layered. There are brands like Jimmy’s
åOrange liqueur Cocktails, &Stirred, and Swizzle, which retail pre-mixes for classic cocktails like Mojitos, Margari-
åAn aperitif like Campari or Aperol Ways to elevate the drinking expe- tas and Whisky Sours; there are makers of specialty tonic waters and ginger ales—Svami, Sepoy
åMezcal or Cognac for special occasions rience at home. & Co, Bengal Bay, Jade Forest, to name just a few; and now, those who make small-batch, hand-
Experiment with fruits, tonics and syr- crafted pre-mixes and are experimenting wildly with ingredients and flavours.
Ways to elevate the drinking experience at home. ups. Store a few bottles of aromatic bit- Many of the new, smaller companies have been started by bartenders themselves. Take Ōtanē
Grow your herbs. I am also trying to grow my own herbs ters, flavoured tonic water, some low- (pronounced “Othane”, which loosely translates to “to infuse” in Sanskrit and “to pour” in Mara-
at home—basil and mint. New enthusiasts could start by sugar flavoured syrups like elder- thi), launched by mixologist Sharan Kutty and illustrator Errol Crasta in December. Kutty, who
watching cocktail videos on YouTube and experiment flower and passion fruit. Just adding a was working as a bartender in Australia, came home to Mumbai last year and teamed up with
with different styles, like shaking a cocktail in a jam jar, few easily available ingredients to Crasta to launch a batch of non-alcoholic infusions with local ingredients like vanilla, orange and
stirring with chopsticks or other DIY methods. Also read your normal gin and tonic or your roselle leaves that can be mixed with spirits such as gin, rum and vodka. Each exquisitely designed
about flavour pairings and how unique ingredients will vodka soda, like slit green chillies or a infusion kit from Ōtanē comes with detailed notes on how to make the cocktails and the foods
match with each other. Everyone has heard about apple grapefruit, will elevate the taste. Make to pair them with. The Mumbai-based brand delivers across India, with each kit retailing for ₹625
and cinnamon but did you know that smoke and salt go your ice game strong—the more in Mumbai and ₹685 in other parts of the country.
well with chocolate? Check out YouTube channels like chilled your cocktail, the more you Bengaluru-based Karthik Kumar, formerly director of beverages at the Byg Brewski Brewing
Truffle on the Rocks, Three Barstools and Epicurious. will enjoy it. Freeze fruits like straw- Company (he now consults with them), started Two Ounces during the lockdown when he real-
For flavour pairings, refer to books like The Flavour The- berry, melon, watermelon, blueberries in ice trays and add them to your drink. Fix ised there was a lot of uncertainty about when bars would be allowed to open—and that people
saurus and The Flavour Bible. Also, smell and taste the Zoom meetings with friends and family, share your favourite cocktail recipes. were craving bar-style cocktails. “Making a nice drink at home is not easy. You need a number
ingredients while making the cocktail, like you would of ingredients in small quantities that there’s no point keeping at home, so I got this idea of send-
while cooking. What’s on your playlist while you make cocktails? ing out cocktail kits,” says Kumar. From there, the idea evolved to sending out pre-mixes that
Slow, relaxing Arabic tracks, James Brown, Alan Walker, are made fresh and delivered within a few hours of a customer placing an order for, say, a Jackfruit
What’s on your playlist while you make cocktails? Thom Yorke. Mojito Mix, a Darjeeling Chai Punch Mix, or a Salted Caramel Old-Fashioned.
Lafayette Harris, Frank Sinatra, Avicii , David Guetta. Jovita Mascarenhas and her son Jordan, a trained mixologist, started off with a similar idea in
RECIPE Mumbai last year with Bartisans, a range of handcrafted cocktail mixers like Blue Pea and
RECIPE Axiomatic Mint Gin Fizz Mix, Hibiscus Lavender Martini Mix, and Rose Cardamom Whisky
Summer Lounge Inspired by everyday cocktail-making and the apprecia- Sour Mix. Initially made-to-order and available only in Mumbai, the company
Glass: Collins tion for “spirit forward” drinks, this cocktail focuses on my started pan-India deliveries just about a month ago. “Alcohol delivery is a difficult
signature twist with Jack Daniel’s, Vermouth Bianco and market to crack in India, there are too many hurdles and different rules in differ-
Ingredients Hazelnut Reduction. To finish, a drop of Pinenut and Hazelnut ent territories. We came up with the idea of doing pre-mixes around four years
60ml white rum Bitters that balance the stiffness of the cocktail and sweetness ago, actually, but at that time it was probably too early. With the pandemic, the
20-25ml lime juice of the reduction. demand has really shot up. When you talk about cocktail mixers now, people know
15ml celery saccharum Glass: Goblet exactly what you are talking about,” says Mascarenhas. “The idea is to also appeal
3-4 basil leaves to people who don’t drink alcohol—our products are basically ready-to-consume,
Soda to top up Ingredients zero-proof drinks,” she adds.
50ml Jack Daniel’s Old No.7 “Zero-proof”—which essentially means “non-alcoholic”—is the latest buzzword
Method 10ml Vermouth Bianco in this category. Svami too has just launched its zero-proof Rum And Cola, Pink Gin
Place the rum, lime juice and celery saccharum in a cock- Half tsp hazelnut syrup & Tonic and classic Gin & Tonic. How are these different from a regular cola or tonic?
tail mixer and give it a good shake. Then pour it in a tall 3 drops pinenut or hazelnut bitters “Oh they do taste like the real thing, and we have achieved that by paying attention
glass and add ice. Garnish with basil leaves and serve. to the flavours of the mixed drinks—by adding the strong juniper notes of gin to the
Method G&T, or vanilla notes in the Rum & Cola,” says Bhasin. “It’s all in the aromatics.”
In a mixing glass, add all the ingredients. Give them a good stir. Gar-
nish with grated hazelnut and serve in a coupe glass. With inputs by Jahnabee Borah.

DEVI SINGH Karsh Kale, Tech Panda, Michael Jackson, Bruno Mars,
BAR MANAGER, ANTARES, GOA AND BRAND-KEEPER, Imagine Dragons
JOSE CUERVO TEQUILA
RECIPE
Five must-have spirits at home Orange You Glad
åVodka Glass: Rocks glass
åWhisky
åRum ( dark and white ) Ingredients
åGin 50ml gin, preferably Greater Than
åWine and beer 20ml orange juice, preferably fresh
15ml honey
Ways to elevate the drinking experience at home. 10ml lime juice
Improve your ice-making skills and ice storage. You will need 5-6 basil leaves, tapped and dropped
more ice trays, maybe an additional freezer. Cocktails need
a lot of ice and that’s usually what people have an issue with Method
at home. Play around with textures of ice, such as shaved and Take a shaker, add ice, gin, orange
crushed. Blending the entire cocktail with ice can give you juice and honey. Stir the honey
a slushy texture and make a few frozen cocktails, which is a well in the shaker, else it will stick
great way to consume cocktails in summer. Always use good- to the sides and not incorporate
quality water to make ice. When trying to demould the ice well with the drink. Add tapped
from the tray, keep it out of the freezer for a few minutes. This basil leaves and give it a good
will allow the ice to slide out of the tray without breaking. shake. Strain over ice and gar-
nish with fresh basil leaves and a
What’s on your playlist while you make cocktails? slice of orange.
10 SATURDAY, 19 JUNE 2021
BENGALURU CULTURE

‘I like taking my time


with the films I make’
Amit V. Masurkar’s
‘Sherni’ has Vidya
Balan playing a forest
officer forced to deal
with human-animal
conflict
Udita Jhunjhunwala

A
mit V. Masurkar made his
directorial debut in 2014
with Sulemani Keeda, a
comedy about two strug-
gling film writers. His next
feature, Newton (2017), was a political sat-
ire set around an election in a conflict-af-
fected district in central India. The Raj- Photomontage by Shanthamani M. (seen below), 2006-2008, Bengaluru. IMAGE COURTESY THE ARTIST
kummar Rao starrer premiered at the
Berlin Film Festival 2017, won a National

BITS OF BENGALURU
Film Award and was also India’s entry to
the Oscar awards. Sherni, his latest, is a
thriller headlining Vidya Balan as Vidya
Vincent, a forest officer dealing with
human-animal conflict in an area that has
settlements bordering the jungle. Amit Masurkar’s film ‘Sherni’ is a thriller about wildlife conservation. MALLIKARJUN KATAKOL; COURTESY THE ARTIST

In a video interview, Masurkar speaks Artist Shanthamani M.’s India’s Silicon Valley intensified, it
about the challenges of making his latest particular conflict or incident. Every this story out in mainstream media. opened up conflicts about notions of
film, and what he enjoys most about the year, you find a dozen cases of human- Shooting with covid-19 protocols was the new online show at belonging, growth and modernity. “I had
film-making process. Edited excerpts: animal conflict across the country and biggest challenge. We also shot without MAP Bengaluru captures a studio in Koramangala village in the
they all have the same pattern. You see an artificial lights or a big crew. We shot in early 2000s. That area did not have a
What was the starting point for animal and you see some officials, there natural light, which means you are the spirit of a city road for a long time,” Shanthamani
‘Sherni’?
Sherni is about a tigress that is losing
is a hunt, which becomes sort of legend-
ary, and people gather around it and feed
dependent on clouds and time of day. If
we were shooting at 4pm, we had to wrap
torn between tradition recalls. “But soon after a road was built
there, the locals dug it up to create the
her habitat due to human intervention. from it. that scene quickly because otherwise you and modernity firebed on which they did their ritual
She has come to the fringes of the jungle, How did you shoot the animal would go into the evening and see the fire-walking before the temple nearby.”
where she encounters human beings. scenes? change in light. That meant rehearsing Moments of change and resistance such
This is the starting point of the film. The tigers and some other animals are for two hours after lunch so we could Somak Ghoshal as these provoked some fundamental
Vidya Balan plays a forest officer, an all visual effects (VFX). It would have shoot quickly. For this we needed actors somak.g@livemint.com questions: “Who are we building this city
experienced but gentle and empathetic been much cheaper to go to Thailand and who were dedicated and open to rehears- for?”, “What does it meant to inhabit

I
person who is trying to bring change, but shoot with real tigers but that was not the als. The entire crew had to be very fluid. n one of Shanthamani M.’s photo- Bengaluru collectively, as part of a heter-
is not being allowed to do so. She’s also message we wanted to send out. We There are lots of hand-held shots and graphic compositions—or “photo- ogenous and expanding community?”
absorbed in her personal life and feels didn’t want to shoot with animals that you move the camera a lot, which means montages”, as she calls them—a Such queries are also addressed by the
like she is not being taken seriously. She’s were captive and exploit them. So we a 270-degree clear field. The advantage woman holds aloft a miniature model of show, archly and gently, its accent shift-
thinking of quitting her profession when went for VFX, which is a big challenge of hand-held and natural light is that it an aeroplane. Flanking her are brightly ing from frame to frame. In one work, for
this incident happens. That’s when she because in India the visual effects quality frees you and it frees the actors to move embroidered blankets made by women phy (MAP), this composite image is an instance, a model of Hanuman, the mon-
starts taking a deeper interest and real- is not up to the mark. Then we found The around without bothering about catch- from the Siddi community of Karnataka outcome of Shanthamani’s return to her key god, is juxtaposed against a billboard
ises that conservation is anthropocentric. Circus. They were involved in the mak- ing the light and standing on a mark. and mandalas that look like rangoli visual archives during the coronavirus advertising a newspaper meant for
It cannot be removed from humans, and ing of the Life Of Pi tiger. We got artists After the acclaim for ‘Newton’, did designs, though not quite like the ones lockdown. “All those years ago, when I, as “young minds”, the latter represented by
human beings need to be actively who had a lot of experience in creating you feel pressure for your follow-up you see in the southern state. On one side part of a group of four artists, went out a young woman. In another, a video foot-
involved. The tiger is the symbol for pre- animals. We also had a scientific consult- project? of the frame is an image of a felled tree and took these photos, the city was age, the camera looms over a woman’s
serving nature and the wild. ant who worked on the animal details and Yes. I took that pressure for one year trunk, hollowed out, with a hole like an undergoing a major churning,” she says. hands swiftly making incense sticks as
Why focus on a tigress? supervised accuracy, including bird calls, after Newton was released, when I open wound. “We spoke to ordinary people and docu- she sits at a street corner. Shanthamani
Basically, this is a story about conser- the sound of bees, which can be different thought my next needed to be something All these fragments, photographed on mented ways of life about to vanish for- weaves in subtle and overt references to
vation and the need for it. It’s a topic that in the day and different in the night, etc. deep. I was also getting a lot of offers sud- Bengaluru’s buzzing Brigade Road ever. It was our way of rooting art into the the history of Bengaluru—pre-colonial,
is the need of the hour. The tiger is a flag- What was the most rewarding aspect denly, with bigger actors. But then I real- between 2006-08, cohere to form a met- geography of the city.” British, and beyond—to build some sense
ship species for conservation in the sense and the most challenging part? ised that it doesn’t make sense to take aphor for a city in a constant state of Shanthamani, who originally trained of cultural coherence into the map of the
that if you protect the tiger, you end up It was rewarding to tell a story about that pressure. So I took my time and I am flux—a metonymy for urban space that is as a painter, is best known for her power- city.
protecting the ecosystem that the tiger conservation. It’s very important to have glad I have done Sherni with Vidya. repeatedly dismantled and cobbled ful sculptural installations. At the 2014 From the coming of electricity to the
lives in. You protect bugs, bees, butter- How would you describe yourself as together, ad infinitum, a place under Kochi-Muziris Biennale, she created Kolar region in 1905 to the figurines wor-
flies, the animals the tiger feeds on. This a film-maker? siege from a rapacious model of growth Backbone, a massive spinal column made shipped during bombe habba (the festival
is why we focused on the tiger. Writer I am not very ambitious in terms of vol- meant to serve unbridled commerce to of cement and cinder, and laid it on the of dolls), to the coexistence of colonial
Aastha Tiku’s thought was that in order ume. I want to enjoy the process because the exclusion of all else. The aeroplane premises of Aspinwall House in Fort and brutalist architecture along Cubbon


to bring about positive long-term I like every part of it. I get involved in acts as a symbol of the growing influx of Kochi. The intimate realities of the Park, Past Continuous is keen to draw
change, a whole lot of people need to research—I am a curious guy. I enjoy immigrants into the city. The spectre of body—the pair of hands with which we attention to the multiplicity that inheres
make a whole lot of effort. Man is not sep- shooting, editing and music. I like taking all the trees that were chopped to build create and destroy all the time—recur in in Bengaluru’s identity as a modern
arate from nature. From a young age, we It was rewarding to tell a story my time with the films I make. A film roads connecting the airport with the Shanthamani’s art. metropolis. This is not a project to
are taught that it’s man versus nature; about conservation. It’s very needs to be made with a lot of love. rest of the city looms on one side of the She extends these themes on to Past uphold any politics of insularity but,
that we are different from animals, plants important to have this story frame, with remnants of Bengaluru’s Continuous too, except that this is ren- rather, an attempt to reveal the complex-
and insects—but we are all part of nature Sherni is streaming on Amazon Prime multicultural legacies lurking at the bot- dered over two dimensions, on the vir- ity of historical layers over which the city
and if one gets affected, we all get out in mainstream media. Video. tom. tual reality of screens. And instead of the stands.
affected. It’s a chain. Part of Past Continuous, an online human body, it dissects the anatomy of a

’’
Is ‘Sherni’ based on a real incident? Udita Jhunjhunwala is a writer, film show hosted by the Bengaluru-head- metropolis. Past Continuous is on display at Map-
The film’s story is not inspired by any critic and festival programmer. quartered Museum of Art and Photogra- As the race to reinvent Bengaluru into india.org.

Why you should trust Henry Rollins’ taste in music


from their 2012 self-titled album. On the it’s from their 1981 album, El Loco. Ear-
THE LOUNGE same show, the intrepid DJ introduced lier this year, when alternative rock
FIRST LIST
me to another Melbourne band, Spiri-
tual Mafia, which plays alternative rock.
stars Dinosaur Jr released their new
album, Rollins played them too on his
B E AT Their debut album, Alfresco, is out this show.
Five tracks to bookend year and Rollins played the first track, What makes Rollins’ show a true
SANJOY
N A R AYA N
your week Lunch. The band’s staple alt-rock instru- weekly gem is that it can help you dis-
ments (guitars and drums) are comple- cover new music. A few weeks ago, he
1. ‘The Studio Of My Mind’ by Ooga mented with spacey synths and turnta- played an Israeli singer and guitarist
Boogas from ‘Ooga Boogas’ ble scratching and though their sound is named Tamar Aphek. She is a trained

H
enry Rollins has had a versatile nowhere near what you would likely call classical musician from Tel Aviv but was
career. Hard-core punk singer in 2. ‘Atelier’ by Sweeping Promises spiritual, it can be strangely calming. besotted by rock music after listening to
the early to mid-1980s; spoken- from ‘Hunger For A Way Out’ Next, he spun a track by yet another post-hard-core bands such as Fugazi
word artist; radio jockey; actor; pre- 3. ‘Excuse Generator’ by Lithics band unknown to me: Sweeping Prom- and The Jesus Lizard. Aphek crossed
senter; stand-up comedian; even a mus- from ‘Mating Surfaces’ ises—a Boston punk band fronted by over to rock and her debut album,
cle-bound powerlifter. A workaholic 4. ‘Crossbow’ by Tamar Aphek bassist and vocalist Lira Mondal, a sec- released this year, is titled All Bets Are
who always seems to be bursting with from ‘All Bets Are Off ’ ond-generation Bangladeshi-American Off. She calls her genre of music “jazz &
energy, Rollins, now 60, is best known who grew up on a musical diet of Lata roll” and her album is a curious rendez-
for his years with California’s Black 5. ‘Lunch’ by Spiritual Mafia from Mangeshkar and ABBA, which her vous of bop and heavy rock.
Flag, pioneers of hard-core punk, one of ‘Alfresco’ immigrant parents were fond of, before Rollins is a man of many parts. In
the most aggressive forms of punk rock, being influenced by acts such as Mazzy addition to his solo projects, he has col-
which evolved in the late 1970s. Star and Portishead. Mondal and her laborated with musicians such as Iggy
The (not quite apocryphal) story of cast (streamed) every weekend, with band record in a concrete underground Pop, The Flaming Lips, and William
how Rollins, then not yet 20, became Rollins as the jockey playing great “lab” and their sound has a uniqueness Shatner. Last year, during the early
Black Flag’s singer provides some music. Sometimes they are bands that because it is usually recorded with just months of the lockdown, he even did
insight into his spontaneous, impulse- you might have heard of but more often one microphone. two marathon episodes of another show
driven character. In his teens, Rollins Henry Rollins performing in Los Angeles in December 2019. GETTY IMAGES than not, they are ones you might have While new bands are the big bonus of for KCRW, titled The Cool Quarantine,
sang with various local hard-core bands missed completely if he hadn’t played Rollins’ shows (with his pithy but highly featuring long-form, digital-only music
in his home town, Washington, DC, and He then went on to form his own metal Air Festival in Germany in 2013 (it’s on them. True to his nature, Rollins is an useful descriptions adding spice), he along with his personal stories, deep
when the Flag came to town on a tour, ensemble, the Rollins Band, and YouTube). obsessive collector of music and his dis- frequently peppers the shows with cuts, rarities, bootlegs, full albums and
Rollins, who was in the audience, embarked on a solo career involving But it is Rollins as a radio jockey that coveries almost always come as a pleas- older music. On 5 June, he played Real EPs. But in his regular weekly show, he
jumped on to the stage and started sing- spoken-word performances. Spoken- you really want to check out. Although ant surprise. World from the English punk band does the heavy lifting, searching for and
ing with his idols. The band hired him word performances are high-adrena- Rollins began hosting a radio show on On 5 June, KCRW streamed Rollins’ Buzzcocks’ second album, Love Bites, bringing us music we might not have
soon after. He was an intense singer line affairs with fast-paced wit, covering an indie channel in Los Angeles, US, in 636th broadcast. It was an aural smor- which was first released in 1978. discovered without his help.
whose stage performance was impress- an eclectic range of subjects. They drip 2004, it was only in 2009 that he began gasbord of songs by bands I had never If you think punk or alternative rock
ive—he would often appear shirtless, in with energy and often last more than a weekly show for KCRW, a National heard. Such as the Ooga Boogas, a four- is Rollins’ only thing, it isn’t. A few First Beat is a column on what’s new
shorts, his powerful physique on dis- three hours—and he has toured the Public Radio member channel that is piece from Melbourne, Australia, that tracks after Buzzcocks, Rollins played and groovy in the world of music.
play. world with them. To sample them, broadcast from the Santa Monica Col- plays instantly infectious indie garage. Heaven, Hell Or Houston. Followers of
Rollins was with Black Flag till 1986. check out his show at the Wacken Open lege in California. It’s a two-hour broad- Rollins played The Studio Of My Mind the blues rock band ZZ Top will know @sanjoynarayan
VANTAGE SATURDAY, 19 JUNE 2021
BENGALURU 11

Meet India’s covid anti-vaxxers


Fears over efficacy,
PHOTOGRAPHS FROM GETTY IMAGES

Vaccine hesitancy is not new in India.


When the smallpox vaccine was intro-
WhatsApp forwards duced in the early 19th century, many
resisted it, including Gandhi. He went on
and a blind belief in to write in a 1913 article in the Indian Opin-
ion newspaper: “Vaccination seems to be
alternative medicine a savage custom. It is one of the poisonous
are dissuading some superstitions of our times the equal of
which is not to be found even among so
from getting the jab called primitive societies…. is a filthy rem-
edy. Vaccine from an infected cow is intro-
duced into our bodies; more, even vaccine
from an infected human being is used…. I
Pooja Singh personally feel that in taking this vaccine
pooja.s@htlive.com we are guilty of a sacrilege.”
“When Gandhiji didn’t believe, why

I
don’t know if you will believe it should we? It’s all in God’s hands,” the
but CBD (cannabidiol) oil helped farmer insists, looking towards the sky
me fight covid-19,” Kumar Lal- during the video call. “My family also
wani tells me over the phone doesn’t understand my thinking.”
from Panvel, Maharashtra. The
cannabis activist “lives and breathes” the ‘I TRUST WHATSAPP’
Ayurvedic way of living. On 23 May, a father of three in Ladakh
When the 34-year-old contracted cov- received a news story link via WhatsApp.
id-19 in September, he turned to the cen- It was an article in which a supposed
turies-old system of natural healing with- researcher claims that people who take
out a second thought. The practice of the vaccine will die in two-three years. He
Ayurveda has long been encouraged to immediately forwarded the message to his
slowly and steadily build a healthy body. family group. Half an hour later, all the
But its efficacy, or that of cannabis, against nine relatives in the group got on a video
a disease, let alone something as virulent call and decided against vaccination. The
and novel as covid-19, isn’t really backed article turned out to be fake but they are
by scientific data. “too scared” to get vaccinated.
During the initial six days, Lalwani “I trust WhatsApp. And the article looks
stuck to a steady diet of water and sleep, legitimate. The vaccine is just not safe,”
for “the liquid will flush out all the toxins the first recipient of the article, who
and eight-nine hours of shut-eye will help Vaccine hesitancy may well be due in part to a lack of effective communication; and (below) a health worker being vaccinated in Delhi in May. doesn’t wish to be named, says. He asks
fight diseases of all kinds”. The next six the same question as other anti-vaxxers:
were spent consuming five drops of CBD only allopathy has shown the potential to “How were they able to make it so quickly?
oil every eight hours, sometimes mixed fight the virus. There’s still no cure for HIV, cancer. How
with fruit juice. “By the 12th day, I was in “The vaccine is the only effective tool come covid-19 vaccine is here so soon?”
perfect condition. Our body is made to against this notorious virus. People need Perhaps the problem here is a lack of
consume only plant-based…natural prod- to overcome their fears and anxieties and effective communication. One of the big-
ucts, not the synthetic stuff they (doctors) get vaccinated. Home remedies and Ayur- gest reasons for the quick development of
pump into you,” insists Lalwani, an entre- veda won’t give any such protection,” says covid-19 vaccines is that the entire world’s
preneur-cum-photographer who quit a Vivek Nangia, principal director and head medical community worked together
corporate career nine years ago to dedi- (pulmonology) at Max Hospital in Saket, simultaneously using the same sources of
cate his life to promoting Ayurveda, yoga Delhi. When it comes to the quick produc- information. “Plus approvals happened
and meditation. “The medicine industry tion of vaccines, doctors explain the roles quickly. And you can’t really compare dis-
is only a few hundred years old. Ayurveda of technological advancement, interna- eases. We should be thankful that this mir-
has been around for thousands. I don’t tional cooperation and procedures being acle happened. It’s quite unfortunate that
trust the medicine industry. I don’t under- fast-tracked given the urgency of the situ- in our country fake news travels faster
stand why people are taking the covid-19 ation. “People getting covid-19 (after the than real,” says Dr Goel.
injections. How can they even make them vaccine) could be because of underlying Pratishtha Kaura keeps reminding her
(the vaccines) so fast?” conditions,” explains Dr Nangia. retired father in Jalandhar, Punjab, of this.
Lalwani is not the only Indian asking But all such arguments tend to fall on He refuses to get the vaccine because he
this question. At a time when one of the deaf ears. “doesn’t trust the government”. “We have
world’s biggest vaccination drives is “There are also people who think that had so many arguments but he prefers to
underway in India, some are still uncon- since they have grown old they don’t need trust WhatsApp university,” says Kaura,
vinced about the efficacy of the covid-19 any vaccine,” rues Dr Nangia. “But I would 31. “He’s just too anxious about getting it,
vaccine, be it Covaxin, Covishield, Sputnik request everyone to come forward.” and focuses on home remedies.”
V or any other. Many question the fast- Urmila Rana is one of these people. The Cannabis activist Lalwani suggests the
paced production of vaccines and the 67-year-old homemaker from Faridabad, same thing. While explaining how most
speedy clinical trials. Some of the elderly Haryana, is the only one in her family yet they put the covid-19 virus in the injection)?” Manoj Goel, director (pulmonology), at illnesses are related to the stomach, he
are fatalistic. Some trust WhatsApp for- to get the vaccine. “Sab bhagwan bharose He’s referring to a standard process fol- the Fortis Memorial Research Institute in offers the recipe for a spices-based kadha
wards over the government’s message on hai… jeena marna woh hi decide karta hai. lowed in creating attenuated vaccines, Gurugram, Haryana. that can fight almost all problems—again,
the jab. Their reasons for distrust are Aur iss umar main vaccine ki kya zaroorat which contain genetically weakened No amount of explanation will convince a home remedy not backed by data. “Med-
based mostly on hearsay: One inevitably hai? Hum bachche hain kya (It’s all in God’s viruses so that they create a protective Yoga, meditation and a the Uttarakhand resident, though. After icines will make matters worse. Drink the
hears stories about how someone they hands. God decides who lives and who dies. immune response. trying to persuade me not to get vacci- kadha with warm water. You will never
knew contracted or even died from cov- And at this age, who needs a vaccine? Are we “Such vaccines are commonly used in balanced diet can help nated by forwarding WhatsApp messages get any disease.”
id-19 after the first or both doses. The gov- children)?” smallpox, chickenpox, measles. These build immunity but so far (“You will die after taking the vaccine,” The fact, however, remains that while
ernment’s endorsement of some Ayurve- A 75-year-old farmer in Uttarakhand, a viruses or bacteria are introduced simply the only scientifically proven one read), he offers the example of yoga, meditation and a balanced diet can
dic and homeopathic remedies has only retired government employee, says: “Kya to encourage the body to create antibodies Mahatma Gandhi, who was a vocal oppo- help build immunity, the only scientifi-
given a fillip to such opinions. It tried to apko pata hai madamji uss injection main and memory immune cells. They abso-
way to fight the covid-19 nent of Western medicine and believed cally proven way so far to fight the cov-
invest in homoeopathy cures too but so far yeh log wohi kidda dalte hain (Do you know lutely don’t cause any disease,” clarifies virus is the jab that vaccination was “sacrilege”. id-19 virus is the jab.

Fear and triumph on Everest PHOTOGRAPHS COURTESY JIM DAVIDSON

Mountaineer Jim Shail Desai

Davidson nearly lost his


F
our decades after he had first spotted
life in the 2015 avalanche Mount Everest in a book, American
mountaineer Jim Davidson, now 58,
on Mount Everest. Two landed at the base of the mountain.
years later, he returned On 25 April 2015, he set off for the sum-
mit in the dead of night with his guide,
to attempt the summit Pasang Kami Sherpa, and soon entered
the Khumbu Icefall. As the first rays lit up
the world of ice and snow, they reached
the site where 16 workers had been killed
a year earlier. Davidson kept calm as he (left) Everest base camp; and Jim Davidson (left) and P.K. Sherpa on the Everest summit
negotiated the terrain of gaping crevasses on 22 May 2017.
and towering seracs. Five hours after start-
ing from base camp, they reached Camp 1. A helicopter evacuated them to base and friends. “Although they worried about
It was time to catch some rest. camp a couple of days later. Every me returning to climb the mountain, they
Davidson had just about settled into his moment thereon was dedicated to lending understood how I see challenges as a way
tent when he heard a rumble, getting a hand. He helped dig through debris to to refine myself into a better version of me.
louder by the second. Avalanches tumbled recover supplies, carried dead climbers in So they supported me even if it entailed
from the slopes. Before the trained geolo- “A small part of me was disappointed mountain. These commitments let me a tarp and got together with his team to some risk,” he says. “I take family photo-
gist could gather his bearings, his tent had but it was not hard to brush that aside reshape the trauma into post-traumatic rebuild homes in a village. graphs and messages with me on every
been tossed in the air, a momentary hang quickly. During the disaster, survival was growth to fuel climbing and my life in Once back in Kathmandu, Davidson major climb to remind myself to be care-
time, before dropping back to the ground. paramount. And helping Nepal was far good ways,” he says. had a good look at himself. The many ful, to endure whatever happens, and to
Then it struck him—he had just experi- more important than any recreational It took him to the Khumbu valley in weeks in the mountains, and the trauma, return home.”
enced an earthquake at 19,700ft. climb,” he says. Nepal, the home of Everest, for the first had given him a deep sunken look. It had Besides his own story, Davidson has
“When my tentmate and I scrambled It was what life had taught him. Even time in 1992. The climbs continued and in taken a toll on his psyche. also worked to dispel misinformation
outside, we couldn’t actually see the ava- before he approached his first mountain 2009, he scaled Cho Oyu, the sixth high- But there was still work to be done. about Everest, issues such as crowding,
lanches due to midday clouds. It made the in 1982, Davidson had taken to heights est mountain in the world, and the highest Once home, he appeared in interviews to trash and human waste. He continues to
situation even scarier. I thought we may while assisting his father with outdoor he had climbed till then. raise awareness about the tragedy and climb, though most times away from big
be dead in another minute when the painting jobs. During one climb up the By 2014, the plan to attempt Everest had showed up at fund-raisers for Nepal. “It mountains and big expeditions. He has
debris overran our camp. Images of my side of a church, he was handed his first taken shape. But there he was, a year later, was difficult to repeatedly narrate the ter- made his peace with death, choosing to
wife and children flashed through my important piece of advice: “Focus on the his plans wrecked. He knew there would rifying story, recreating it in the book was live in the moment instead.
mind but I tried to focus on doing every- climb, not the drop.” Another time, he was be aftershocks and that the immediate even more emotionally trying. But I want In today’s world of commercial expedi-
thing I could to increase my chances of left gasping for breath while cleaning a need was to get off the mountain. “My two people to know what the deadliest day on tions, climbing Everest has often been
survival,” Davidson says. sewage treatment chamber. He experi- degrees in geology helped me have a real- Everest was like. From every situation, trivialised. Those who have been there are
The 7.8-magnitude quake that wreaked enced his first tragedy as a graduate stu- istic assessment of the dangers and after- good or bad, we can distil some knowledge well aware of what’s it like to spend weeks
havoc across Nepal in 2015 had made its dent, losing his climbing partner, Mike effects. Once the tremors stopped, I had a or wisdom to carry with us for the next at base camp, getting the mind and body
presence felt on Everest. His dream was Price, in a crevasse fall on Mount Rainier. good idea about the size and frequency of challenge or opportunity ahead. We must ready for the job. And a few like Davidson
over in a flash. The experience tormented Survivor’s guilt gnawed at him but he the aftershocks we could expect. Though always seek to become more resilient for know that feeling of being caught smack
him even when he was back in the US. It eventually got back to climbing. the insights were quite scary, I was able to the next Everest in life,” he says. in the middle of a natural disaster, bracing
The Next Everest: took a massive effort to return to the “Over time, I came to understand that I share the information with our expedition A year later, Davidson heard that his for the worst and embracing the good for-
By Jim Davidson, Pan mountain two years later and finally climb could honour him by living a full life— leaders, which helped them make critical teammates had climbed Everest. There tune of walking away with life.
Macmillan India, it. It’s a journey that he painstakingly helping others when I could and striving decisions. In every emergency, it is impor- was a burning desire to chase his own
416 pages, ₹699. reveals in the book The Next Everest. to be a good teammate, both on and off the tant to be realistic as well as optimistic.” dream one last time. He spoke to family Shail Desai is a Mumbai-based writer.
12 SATURDAY, 19 JUNE 2021
BENGALURU BUSINESS LOUNGE

Naveen Munjal
THE ELECTRIC EFFECT The managing director of Hero Electric Vehicles, riding high on last year’s sales, acknowledges worries
about charging infrastructure and servicing but remains bullish about the future of EVs
Illustration by Priya Kuriyan

Arun Janardhan

N
aveen Munjal points to the
guitar in the background as
a short-lived lockdown
pursuit. He had decided,
like many others, to add a
new skill during last year’s forced isolation
by learning an instrument. But a short
(online) stint with the school of music at
Last year was the
the University of California, Berkeley, US,
turned out to be too theoretical—Munjal
was keen on more practical lessons.
The guitar took a back seat as the man-
best for us.... Retail
aging director of Hero Electric Vehicles
Pvt. Ltd, a part of Hero Eco Group, turned
his attention to some other interests,
sales were higher
including an opportunity to teach, as he
continued to push sales online. The com-
pany’s sales grew by 16% in 2020-21 over
the previous year in spite of everything
than what we were
being shut in the early days of the pan-
demic-triggered lockdown, the supply
chain taking a hit and transportation
shipping.
being stalled owing to farmer protests in
north India later in the year.
The company, with an annual revenue
of over ₹300 crore from the sale of more
than 50,000 vehicles in 2020-21, man-
aged to boost its online sales—from a mere
700-1,000 vehicles a year over the earlier
five years to about 12,000 by the end of
last year. Munjal, 49, says they decided to
route digital sales also through their brick-
and-mortar dealer network to keep them
happy. To push online sales, the company
conducted webinars for consumers,
offered discounts and came up with a
three-day return policy.

So far, Hero Electric has


sold 350,000 EVs
through a network of
over 450 dealers and has
about 6,000 trained
mechanics

“We broke the shackles of competition


with a blended model,” says Munjal dur-
ing a Zoom call. “Last year was the best for
us—it began with a dip and then an
upward trend. In the last quarter of the
year, 8,500-9,000 units were being
shipped out month on month from the
plant (in Ludhiana, Punjab). Retail sales
were higher than what we were ship-
ping—we were disposing of inventory.
This year, our target is to double that.”
Munjal’s white shirt and salt-and-pep-
per beard blends with the monochromes
of the background—sofa, curtains and
cushions in combinations of black, white
and grey. He pauses for a moment before
answering questions, taking just a few sec-
onds before coming up with a flow of
detailed information. Munjal says he is not
someone who enjoys working from home,
even if “home” is a farmhouse in Delhi that
has family and four dogs. He misses
human interactions, gauging body lan-
guage. Their office opened briefly last
year, closing again when the second wave
of the pandemic started, though the fac-
tory, with a production capacity of 250
e-bikes a day, continues to operate.
Born in Ludhiana into the Munjal fam-
ily that owns the Hero brand, he went to
The Lawrence School, Sanawar, when he market expanded, most of the products ger a purchase, says Munjal. cles. Hero is pushing for expansion too, to course this summer on the future of EVs
was nine. Boarding school, he says, moved to lithium ion portable batteries. Consumers still worry about vehicle Favourite rock bands/ produce more than a million EV units over at the Masters’ Union School of Business
“pushes you to the boundary”. Once in The current portable lithium ion battery range. “They do think of what if I go far musicians the next five years. The company will in Gurugram, Haryana, diving deep into
college, in Ludhiana, he would go to the e-scooters are in the ₹46,000-72,000 and I lose charge,” he admits. Van Morrison, Eric Clapton, Bob invest ₹700 crore over three-four years to preparation with a Harvard course on
factory for half a day to understand their range. In the midst of all this, in 2009, he In 2020-21, EV penetration, compared Dylan, Bruce Springsteen—’I have ramp up annual production capacity from tutoring. But the college shut after the
various businesses, absorbing everything became president of the newly formed to internal combustion engine (ICE) vehi- shot him live.’ the current 75,000 units to a million. second wave hit the National Capital
about bicycles, casting, chain-making, Society of Manufacturers of Electric Vehi- cles, was less than 1% for two-wheelers— Munjal believes the EV category has to Region this March, leaving Munjal disap-
aluminium and forging. An MBA in inter- cles (Smev). “I continue to wear that hat for every 100 two-wheelers sold in the Favourite diving be a collaboration between manufacturers pointed. “I could have done it online but
national marketing from Huron Univer- because, I guess, no one wants the role,” country, less than one was an EV. Aware- location and technology partners. “There is so I wanted to interact with them—see their
sity in the UK followed. he says, smiling. ness of the advantages of EVs remains Maldives. ‘It’s so calming deep much R&D money spent in this sector. We body language, and for them to see mine,”
He then worked for around eight So far, Hero Electric has sold 350,000 poor in tier 3 cities and rural centres. Wor- down.’ are looking at acquisitions but the down- he says.
months in 1994 with Land Rover in the electric vehicles (EVs) through a network ries about the fact that these vehicles need side is, if you are married to a tech at this The other deep diving he does is of the
UK. “Once I finished (college), I was not in of over 450 dealers and has about 6,000 a dense charging infrastructure—availa- Dream bike point, then you are married to that. We literal kind. He tells me about the “craziest
the mood to come back (to India). Once trained mechanics. “We understood there ble at the grocery store, the chemist, etc.— BMW R 1250 want to keep options open at this point.” thing” he did once, diving 44m to a ship-
you get here, no matter what stage you is no charging infrastructure in India. So and the kind of roadside mechanics who He is relaxed about hobby options, wreck in the Maldives with an instructor.
start (in the family business), you are not we made our batteries portable—you can service ICEs, continue to dog sales. Bat- though. Besides the aborted attempt at When they came back up, he was
learning in the same manner because peo- take it to your apartment or office, charge tery disposal and recycling remain poten- learning the guitar, he started learning instructed not to tell anyone about the
ple will treat you as a boss. Any new mem- it and plug back for a range of 80-210km. tially hazardous. Four-wheeler EVs still about Artificial Intelligence while contin- daring descent.
ber in a family business should have expe- We made the battery uniform across the have fewer products, high prices, limited uing with his enduring interest in street “If the government finds out, you would
rience outside,” he says. product range. We learnt what’s working battery life and financing—only about 10% photography. “When I am stressed out or be banned for 10 years, she (the instructor)
By the time he returned to India—and only based on experience of failures of the of EVs get financing. stuck, I go into processing my millions of said. Those 10 years are over, so I can talk
the bicycle business—at the insistence of past,” says Munjal. “If I charge at home and Some factors will trigger mass adoption, pictures, listening to soft rock, and come about it,” he says, laughing. He also went
his parents, he found a well-run machin- don’t have to go to an external charging says Munjal. The gap in purchase price back to some level of normalcy,” he says. diving once with a shark in an open aquar-
ery that didn’t need much change. Tech- centre or swapping or fuel station, that between ICEs and EVs will narrow as bat- Munjal, who did a week-long, intense ium with 10 million gallons of water in
nically aligned, he wanted to diversify works well.” tery prices come down and performance course in photography with Jay Maisel in Kuala Lumpur—without realising that the
while not straying far from the industry. A The 2020 lockdown, with deserted improves. As of now, there’s a daunting New York in 2013, tells me about photo- tiger shark is not particularly fond of
trip to Las Vegas, US, in 1998 for a bicycle streets, cleaner air and a growing interest difference of about 40%. graphing a Danish couple on Brooklyn humans.
show ignited another spark—electric in cycling, may have propelled an interest Competition is building up. Ola Electric Bridge—the woman was terminally ill and For the head of India’s largest electric
bikes. in EVs. But while cost-effectiveness— is setting up what it claims will be the was fulfilling a dream of visiting New vehicle manufacturer, that came as an aft-
Hero launched electric cycles in whether it’s the initial purchase price world’s largest scooter manufacturing York. Munjal sent them the pictures and ershock.
2000-01, a failed venture that did not (especially for two-wheelers) or the run- facility in Tamil Nadu, Bajaj Auto, TVS found out much later that she had died.
explain or market the product well, he ning cost—may work in their favour, the Motor, new-age startups like Ather But his picture found a place on their bed- Arun Janardhan is a Mumbai-based
says. In 2007, they launched lead acid positive impact on the environment is still Energy, Okinawa Autotech and Ampere side table. journalist who covers sports, business lead-
based electric scooters; and by 2017, as the not considered important enough to trig- Vehicles are bringing in a range of vehi- He was most excited about teaching a ers and lifestyle.
LIVEMINT.COM NEWS SATURDAY, 19 JUNE 2021
BENGALURU 13

m MINT SHORTS
HT Media reports consolidated net
Adani slips
to third spot Markets remain shaky Dodla Dairy
share sale
profit of ₹19 crore in fourth quarter
New Delhi: HT Media Ltd has reported a consolidated net profit
of ₹19.09 crore for the quarter ended 31 March 2021. The com-
pany had posted a net loss of ₹188.72 crore for the same quarter
on Asia’s
rich list
on Fed rate hike fears subscribed
45.6 times
of the previous fiscal year and a profit of ₹9.43 crore in the quarter
ended 31 December 2020. Revenue from operations has declined FROM PAGE 16 Ashwin Ramarathinam
by 24.9% to ₹349 crore during this period compared with ₹465 ashwin.r@livemint.com
crore in the March 2020 quarter, HT Media said in a regulatory The accounts of Albula A faster-than-expected rise in global interest rates made investors cautious MUMBAI
filing. For the whole year 2020-21, HT Media reported a consoli- Investment Fund, Cresta Fund

T
dated loss of ₹64.4 crore. The company cut its losses from ₹344.5 and APMS Investment Fund he initial public offering
crore in the previous year. STAFF WRITER were frozen on or before 31 Nasrin Sultana (IPO) of Dodla Dairy was
HT Media is the publisher of the Hindustan Times and Mint May, according to the deposi- nasrin.s@livemint.com
Uncertainty looms oversubscribed by 45.62
Overall, Indian markets were down
newspapers. tory’s website, the report said. MUMBAI
nearly 1% this week, eroding investors’
times on the final day of the
Meanwhile, APMS Invest- wealth by ₹3.78 trillion. share sale, primarily driven by

I
ment Fund said in a statement ndian markets were volatile on Friday as retail investors.
53,100 52,474.76
ShareChat earmarks $19.1 mn on Monday that NSDL’s entry investors turned cautious following a (Previous close) The IPO received bids for
showed only a technical faster-than-expected increase in global 52,344.45 388.10 million shares against
for its first ESOP buyback account-level freeze, and that interest rates, swinging 2% before end-
52,800
(Close)
the 8.51 million shares on offer,
MINT 52,500
its global trading operations ing the session with marginal gains. according to data available
SENSEX
continue to run normally. The BSE Sensex was up 21.12 points or 52,200 with the exchanges.
“The subject fund is not fro- 0.04% at 52,344.45 while the Nifty edged 51,900 The portion meant for qual-
zen by any means and main- 8.05 points or 0.05% lower at 15,683.35. 52,484.34 ified institutional buyers was
51,600 (Open)
tains full as well as normal trad- “Weak global cues led Indian equities to see subscribed 84.88 times, non-
ing operations globally,” it said. profit booking in the last couple of days. A 51,300 institutional investors by 73.26
9.15am 3.30pm
Adani group, too, said in a depreciating rupee, higher oil prices and The Nifty edged 8.05 points or 0.05% times and that of retail inves-
Source: Bloomberg
statement that as per a written inflation could be near-term overhangs for lower at 15,683.35 on Friday. MINT tors by 11.34 times.
confirmation from the regis- the market. Nifty corrected around 0.8% The IPO consists of a fresh
trar and transfer agent, the for the week as the slight hawkish stance of multiples is inevitable whenever global orderly. The team expects 10-year IGB issue of up to ₹50 crore and an
demat accounts of the offshore the Federal Reserve in the latest FOMC liquidity and Fed action tightens, the big- yields to rise gradually from current levels offer for sale of 10,985,444
funds in which Adani shares (Federal Open Market Committee) meet- ger compression could coincide with the to 6.5% and 6.75% by end of FY22 and shares by existing investors of
were held “are not frozen”. ing weighed on sentiments,” Indian government bond FY23, respectively, as RBI starts normaliz- the company, including the
Bengaluru: Mohalla Tech, the parent company behind In the past four days, Zhong’s said Binod Modi, head strat- Analysts said with tightening which is likely to ing policy,” it said. promoters and private equity
short video app Moj and homegrown social media platform net worth also dropped from egy, Reliance Securities. US inflation rising be gradual over the next 24 With foreign institutional investors investor TPG Capital.
ShareChat, has announced its first employee stock owner- $71.2 billion to $63.5 billion Overall, markets were to 5%, global months. A full blown contrac- pumping in $8 billion into Indian equities The net proceeds of the
ship plan(ESOP) buyback programme worth $19.1 million after his firm Nongfu Spring’s down nearly 1% this week, markets may tion in multiples might not so far in 2021, benchmark indices have issue will be utilized for repay-
(about ₹140 crore). Close to 200 existing and former stock price fell 2.32%. However, eroding investors’ wealth by occur until there is a hit to risk been hitting record highs. Domestic insti- ing certain borrowings availed
become jittery,
employees with vested options will be eligible to participate despite the Chinese billion- ₹3.78 trillion. Analysts said appetite from an external tutional investors, including mutual funds, by the company.
as a part of this buyback. Mohalla Tech will be the sole aire’s decline in market value, with inflation in the US rising putting pressure shock or panic event, it said. pension funds and banks, have been net Also on Friday, the IPO of
buyer in this buyback process. STAFF WRITER Adani could not hold on to the to 5%, global financial mar- on the rupee UBS said that while global sellers of Indian shares worth ₹12,752.87 hospital chain Krishna Insti-
second spot. kets may become jittery, cre- liquidity factors (and Fed crore this year so far, while offloading tute of Medical Sciences Ltd
The rise in Adani’s wealth ating pressures on the Indian action) matter, it is keeping an ₹2,784.5 crore in June alone. (KIMS) sailed through success-
India’s GDP likely to grow at a was driven by an aggressive rupee. The US Federal Reserve’s hint of eye on factors closer to home, such as RBI’s “Domestic retail direct investment has fully with a subscription of
growth strategy that saw the policy normalization is expected to hit for- move, Indian government bond move- picked up significant momentum over the 3.86 times. The IPO received
lower 8.7% in this fiscal: MOFS group expand its business eign fund flows, which have been driving ments, and household savings. “Our fixed last couple of years which can cushion the bids for 55.66 million equity
Hyderabad: Motilal Oswal Financial Services Ltd (MOFS) on through large acquisitions emerging markets like India. income strategist believes that while there markets against any FII outflows,” said shares against 14.41 million
Friday slashed its FY22 growth forecast for India to 8.7% from across the infrastructure According to UBS analysts, while some are growing inflation/policy normalization Rupen Rajguru, head, equity investments equity shares on offer, as per
11.1% estimated in March, with the second wave of the pandemic domain. impact on India price-to-earnings (PE) risks, rise in IGB yields should be quite and strategy at Julius Baer. data available with the NSE.
expected to slow down economic recovery in the April-Septem-
ber 2021 period. “Due to the ferocious second covid wave, GDP
(gross domestic product) growth forecasts have been revised
down. Compared with MOFS March forecast of around 30%, the
firm now expects real GDP growth of 21% in the first quarter of Kumar steps back at Grofers Centrum-BharatPe to Paytm to issue
FY22, with some downward revision in the second quarter FY22
₹12,000 crore
as well. However, as covid cases have dropped sharply in June,
some pent-up demand may be visible in the second half (October-
March) FY22 and first quarter of FY23,” it said.
Tarush Bhalla
tarush.b@livemint.com
take over PMC Bank fresh equity
ASIT RANJAN MISHRA BENGALURU
FROM PAGE 16 als at ₹1,000 per account for six shares in IPO
A
lmost eight years after months, which was gradually
RBI has acted to smoothen starting online grocer trum has complied with the relaxed to ₹100,000 in June
Grofers, co-founder conditions laid down as part of last year.
impact of second wave: Jain Saurabh Kumar is leaving the the in-principle approval. PMC Bank had total deposits
FROM PAGE 16

BLOOMBERG
company. The new entity has to be oper- of ₹10,727.11 crore and total lead book running managers to
In an email to employees, ational in the next 120 days and advances of ₹4,472.78 crore as the IPO.
Kumar said he will no longer only when that is done, will the on 31 March 2020. Its gross Mint first reported on 31 May
be involved in the company’s RBI draft a scheme on amalga- non-performing assets were at that Paytm was looking to raise
day-to-day functions, but will mation with PMC Bank. The ₹3,519 crore in FY20, up from $1-1.5 billion by selling new
continue to be a shareholder plan will then be sent to the gov- ₹315 crore in FY19, according to shares to qualified institutional
and board member. ernment for approval and official its website. buyers. Through the primary
“When I look back at what notification. Under Section 45 of The RBI move comes as a and secondary share sales, the
we have achieved in this short Saurabh Kumar, co-founder of Grofers. the Banking Regulation Act, relief to depositors of the coop- company would be looking to
time, I can only feel proud. only a bank can be merged with erative bank, whose funds have raise slightly more than $3 bil-
You should too. We have gone “Incredibly humble and scratch. I know SK has been another and, therefore, the proc- been stuck for close to two lion through the IPO, a person
through a fair share of ups and grounded, he (Kumar) has pulling the weight on most of ess will start only once the small years now. They had moved aware of the discussions said.
downs, but we always faced always reminded me of how our sprints, but I also know finance bank is created. court against the RBI and held “The upcoming issue of fresh
New Delhi: Asserting that the second wave of covid-19 has them together and came out fortunate I was to be building he’s a marathon runner, and “This in-principle approval numerous protests outside the shares will be solely to infuse
posed some challenges, RBI deputy governor M.K. Jain on stronger. This is because of Grofers with him, in a zone of this time to go far, he must go has been accorded in specific central bank’s offices, hoping primary capital in the com-
Friday said both the central bank and the government have your hard work and many sac- no ego and no second guess- alone. I am fully supportive of pursuance to the Centrum their voice would be heard. pany. There will be a secondary
taken steps to mitigate its impact.”[P]reliminary data suggest rifices you have made. When- ing. SK is not only my his decision. And wherever Financial Services Ltd’s offer To be sure, in the case of offer as well, where existing
that in terms of CRAR that has been improved upon, the prof- ever we had our backs to the co-founder, he is my friend, that may lead him on his jour- dated 1 February in response to cooperative banks, RBI’s hands investors would offer their
itability has been improved upon, provision coverage ratio wall, your strength and sup- my support system during ney,” said Dhindsa. the expression of interest noti- have been tied to some extent. shares,” the person said on con-
that has also been improved over the previous year, and the port gave me courage [...] I upheavals; the keeper of my Till date, Grofers has raised fication dated 3 November Before the government dition of anonymity.
gross NPA as well as net NPA has come down,” he said. PTI haven’t known a life outside conscience, and a brother and close to $600 million across 2020 published by the Punjab granted more powers to RBI in The company has about
Grofers. Most of my learning family to me,” Dhindsa wrote multiple tranches and is and Maharashtra Co-operative June 2020, cooperative banks 1,000 shareholders, broadly
and growing up has happened in a company blog. backed by large investors, Bank Ltd, Mumbai,” RBI said. were under dual control of both held by various institutional
Price band for India Pesticides’ IPO here,” Kumar wrote. Dhindsa also wrote that over including Sequoia Capital The primary difference the central bank and either the investors, employees, former
“I have been reflecting on the past six months, Kumar India, Tiger Global Manage- between a universal bank and a state or Union government. employees and others.
opening 23 June fixed at ₹290-296 my life and personal ambitions had been yearning to invest in ment and SoftBank. small finance bank is the pres- The central bank had The notice also proposed
Mumbai: India Pesticides Ltd has fixed a price band of ₹290-296 for some time. And my deci- his own personal evolution— For Grofers, order volumes ence of certain lending stipula- acknowledged in September removing founder Vijay She-
apiece for its initial public offering (IPO) that will open on 23 sion to step away is the out- to grow beyond a growth grew by 80% in 2020, as pan- tions for the latter. While a uni- last year that factors such as khar Sharma’s ‘promoter’ sta-
June. The company aims to raise ₹800 crore, comprising a fresh come of that. I want to wander driver to become a designer, demic-induced lockdowns versal bank can lend freely, a huge losses incurred by PMC tus, complying with Securities
issue of ₹100 crore and an offer for sale of ₹281.40 crore by chair- again,” he wrote. enabler and coach. forced consumers to resort to small finance bank has to Bank that led to its entire net and Exchange Board of India
person Anand Swarup Agrawal and ₹418.60 crore by other share- Co-founder and chief exec- “Diving deeper has con- online platforms for ordering largely focus on priority sector worth getting wiped out and (Sebi) rules requiring promot-
holders and promoters. Axis Capital Ltd and JM Financial Ltd are utive Albinder Dhindsa called vinced him that this is another daily essentials. and small ticket loans. steep erosion in deposits, pose ers of listed firms to have at
lead managers to the issue. Proceeds from the IPO will be used Kumar’s exit the “end of an area he can have a huge impact It now operates across more After seizing PMC Bank, RBI serious challenges in finding a least 20% of post-issue capital.
for funding working capital requirements. RAVINDRA N. SONAVANE era” for Grofers. on, if he can build on it from than 38 cities in India. initially capped cash withdraw- workable revival plan. Currently, Sharma holds
9,051,624 equity shares of
One97 Communications,
amounting to 14.61% of its total

RateGain eyes ₹1,200 cr IPO Single platform Post US Federal Reserve meet, paid-up equity share capital.
Sharma will continue as man-
to soon host all aging director.

FROM PAGE 16 globe. So, they are well insulated


from the impact of the second academic jobs gold takes a tumble in India “The board of directors of the
firm is informed that it has
received a letter from the founder
the third Indian company from covid wave here in India. With (Sharma), on declassification of
the travel sector to seek a public vaccinations picking up, espe- FROM PAGE 16 FROM PAGE 16 As lockdowns in states such lockdown, we saw a lot of his status as promoter [...] the
listing, at a time the industry cially in the West, demand for as Karnataka, Tamil Nadu and young customers make a gold founder does not exercise any
hopes to emerge from the pan- travel and hospitality will bounce staff after the QS World Univer- it gained around $16 later in Kerala are still in force, either purchase at our showrooms control over affairs of the firm
demic on the back of mass vac- back strongly and companies sity ranking was announced, the day to more than $1,792. A partially or fully, the gold as they found gold as a liquid and that the board is not accus-
cination programmes globally. such as RateGain will benefit IIT-Delhi director V. Ramgopal troy ounce is equivalent to retail market has yet to see a asset. We also witnessed high tomed to act solely in accordance
Low-fare carrier Go Airlines from that. We have already seen Rao highlighted how getting 31.1gm. revival. Many jewellery show- growth in first-time custom- with any advice, directions or
(India) Ltd of the Wadia Group a few budget airlines list in the US quality faculty is a challenge and Despite a strong rebound in rooms are still to reopen even ers,” said Ramesh. instructions given by him. The
filed its draft prospectus with in the past few months. So inves- how his institution is doing its international prices, insuffi- after the lifting of Also, in the involvement of the founder in the
the market regulator last RateGain joins a host of tech tor demand for the sector is best. Also, talking about its rela- cient demand has taken the lockdowns in As with almost gold retailing management and affairs of the
month for an initial share sale firms that plan to list on Indian clearly coming back,” the second tively not so high score in QS sheen out of the yellow metal some markets, every part of the market, there has firm is limited to his professional
to raise up to ₹3,600 crore. exchanges in the coming months. person mentioned above said on rankings in the teacher-student in India, at least for now. according to global market, been a visible capacity as an executive director
Online travel portal ixigo also condition of anonymity. ratio, he wrote: “please note, While investors are cautious industry officials. global prices, too, shift from the and currently as managing
aims to go public and is compared with the prior Emails sent to RateGain and older IITs added 2,500 students in a volatile market, gold Industry offi-
are impacted by unorganized sec- director,” the notice said.
expected to raise ₹750 crore month, though it remained well TA Associates remained unan- in the last two years because of retailers are not unduly per- cials are, how- tor to the orga- Paytm declined to comment
through a primary issue of below pre-pandemic levels, swered till press time. the EWS quota implementation. turbed. ever, upbeat the decision on nized. on Mint’s queries on the matter.
shares as part of its even as global passenger travel With its IPO plans, RateGain So, we took a hit on this for rea- “Any gold price fall acts as a about gold as a US interest rates “People want Another proposal pertains to
₹1,500-1,800 crore IPO continues to struggle because of also joins several tech firms that sons beyond our control”. trigger for more purchases by fundamentally to avoid crowded amendments to One97
expected later this fiscal, Mint government-imposed travel plan to list on Indian stock “The UGC initiative needs customers. There are two strong asset class markets and pre- Employee Stock Option
reported on 24 May. curbs. exchanges in the coming political and academic willing- types of customers when the “Price volatility does not fer standalone showrooms. Scheme 2019 and its Employee
Online travel portal Ease- China’s domestic traffic months. These include Paytm ness...to hire more and pay in price falls. The first kind impact our P&L (profit and Also, strict BIS hallmarking Stock Option Scheme 2008, to
MyTrip (Easy Trip Planners returned to pre-crisis levels of and Zomato, which plan to time to be successful... Only rushes to the market to buy loss) because we have hedged rules have forced many to comply with Sebi’s listing rules.
Ltd) raised ₹510 crore through growth, it said, adding that the raise around ₹22,000 crore creating a digital platform will more gold. The other waits our gold adequately,” said move away from unorganized “The amendment in ESOP may
its IPO in March. US domestic market is expected and ₹8,250 crore, respectively. not solve any problem. The for another fall before firming Ramesh. gold sellers,” said Ramesh. be cosmetic changes to comply
The International Air Trans- to make a full recovery by the Others in queue include insur- education sector, like health- up the purchase decision,” “Indian customers look for The government has made with Sebi rules. Grant price and
port Association (Iata) in May end of this year or early 2022. ance marketplace PolicyBazaar care, needs more funding,” said T.K. Ramesh, promoter long-term gains and they it mandatory for jewellers to vesting period and pool size is
said global domestic travel “RateGain serves travel and and financial services provider said a Delhi University profes- and executive director, Kal- know gold has always given a sell only hallmarked jewellery expected to remain unchanged,”
demand improved in April 2021 hospitality providers across the MobiKwik. sor seeking anonymity. yan Jewellers Ltd. return. Soon after the first from 16 June. said the person cited above.
14 SATURDAY, 19 JUNE 2021
BENGALURU NEWS LIVEMINT.COM

IT rules not in sync


with human rights
Twitter pledges to work with Air India to
sell realty
norms: UN experts govt to guard citizens’ rights assets for up
to ₹300 cr
Prasid Banerjee
prasid.b@livemint.com Rhik Kundu
NEW DELHI rhik.k@livemint.com
Rule of the land will be supreme, the parliamentary standing committee on IT tells Twitter NEW DELHI

I
ndia’s new information tech-

N
nology (IT) rules do not con- ational carrier Air India
form with global human Prasid Banerjee Ltd is offering to sell
rights norms, experts from the
United Nations have said.
prasid.b@livemint.com
NEW DELHI
UP Police several properties,
including offices, flats, and staff
In a communication sent to
summons quarters at major metropolises

T
the government on 11 June, witter on Friday pledged to as the cash-strapped airline
three special rapporteurs from work with lawmakers and the makes a renewed attempt for
the UN expressed “serious con- The traceability rule is the key government to safeguard free- Twitter MD such divestments this fiscal.
cerns” with certain parts of the conflict between encrypted dom of expression and protect The airline has put up several
legislation and said that “due platforms such as WhatsApp, “the public conversation” in PTI properties in cities such as New
diligence obligations” placed and the Indian government. AFP India amid continuing controversy over feedback@livemint.com Delhi, Mumbai, Kolkata,
on intermediaries may lead to posts on the social media platform. GHAZIABAD Ahmedabad, Bengaluru, Men-
“infringement of a wide range the significant social media Twitter officials appeared before the galuru, Nashik, and Nagpur,

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of human rights”. intermediary will be required parliamentary standing committee on he Ghaziabad according to a tender posted on
The communication dated 11 to disclose as to who started the information technology (IT) to face ques- Police has sent a its website on Friday.
June, which is publicly availa- message,” the government tions on its response to the government’s notice to Twitter These properties include
ble on the UN’s website, was wrote in its response. new IT rules. India managing director residential units at New Delhi’s
penned by Irene Khan, special The traceability rule is the The committee, headed by Congress Manish Maheshwari, Asian Games Village Complex,
rapporteur on the promotion central conflict between lawmaker Shashi Tharoor, told the com- asking him to join a flats at Bandra’s Pali Hill neigh-
and protection of the right to encrypted platforms such as pany that the “rule of the land” will be probe in connection bourhood, flats at Kolkata’s
freedom of opinion and expres- WhatsApp, and the Indian gov- supreme and not Twitter’s internal poli- with the case involving Golf Green locality, and the air-
sion, Clement Nyaletsossi ernment. The platforms, which cies, PTI reported. an assault on a Muslim line’s booking office at Nagpur,
Voule, special rapporteur on use end-to-end encryption to The appearance was part of the com- man in Ghaziabad ear- among others.
the right to free- ensure user pri- mittee’s routine consultations with the lier this month, officials The e-auction closes on 9
dom of peaceful In response to the vacy, have argued industry. said Friday. He has been July. News agency Press Trust
assembly and of letter, the govt that they will have The agenda, according to Parliament’s The microblogging giant has been involved in a tussle over the government’s asked to appear at the of India has reported that the
association, and told the UN that to read, track and website, was “to hear the views of repre- intermediary guidelines announced in February. ISTOCK Loni Border police sta- airline plans to raise ₹200 crore
Joseph Canna- the IT rules are trace all user mes- sentatives of Twitter followed by evidence tion here within seven to ₹300 crore from its asset
taci, special rap- sages to reach the of representatives of the ministry of elec- involved in a tussle over the government’s the IT Act. days to get his statement monetization plan.
porteur on the
designed to
first originator of tronics and information technology intermediary guidelines announced in The government has said on several recorded in the case in Air India’s attempt to mone-
right to privacy. empower users offensive texts. (MeitY) on the subject of safeguarding citi- February. The guidelines require social occasions that Twitter is in non-compli- which an FIR was tize its land assets comes at a
In response to of social media The letter by zens’ rights and prevention of misuse of media platforms such as Twitter, Face- ance with these guidelines. lodged against the social time when the country’s econ-
the letter, the UN experts said social/online news media platforms, book, and WhatsApp to appoint nodal “There are numerous queries arising as media giant also, a sen- omy has been adversely
Indian govern- that terms such as including special emphasis to whether Twitter is enti- ior police official said. impacted by the covid-19 pan-
ment told the UN that the IT “racially or ethnically objec- on women security in the FACING SCRUTINY tled to safe harbour provi- “Manish Maheshwari demic. As such, it may be a chal-
rules are “designed to empower tionable”, “harmful to child”, digital space”. sion. However, the simple is the MD of Twitter lenge for the airline to raise a
users of social media” and that “impersonates another per- Twitter said in a statement, TWITTER officials THE appearance IT said it was ready to fact of the matter is that India and was sent a substantial amount of money
the government had held con- son”, “threatens the unity...of “We appreciate the opportunity appeared before the was part of the
panel to face queries committee’s routine
work with the panel in Twitter has failed to com-
line with its principles
notice yesterday under from property sales as the real
sultations with civil society and India”, “is patently false and to share our views before the on its response to consultations with of freedom of ply with the Intermediary CrPC section 166 seek- estate market has not yet recov-
other stakeholders in 2018. untrue”, “is published with the Standing Committee on Infor- the new IT rules the industry expression, privacy Guidelines that came into ing his cooperation in ered from the impact of cov-
It also said that the “tracea- intent to mislead or harass a mation Technology. Twitter effect from the 26th of the probe. Some other id-19, said a senior aviation ana-
bility of first originator” seeks person…” are overly broad and stands prepared to work with May,” IT minister Ravi details have been sought lyst with a foreign consultancy,
“only limited information”. “lack sufficiently clear defini- the committee on the important work of officers in key compliance positions, cre- Shankar Prasad tweeted on 16 June. from him and he has who’s been tracking the airline
“Only when a message already tions”. They also expressed sup- safeguarding citizens’ rights online in line ate automated processes for taking down “We are keeping MeitY apprised of been given seven days’ for some time. “The sales will
in public circulation is giving port for encryption services. with our principles of transparency, free- pornography, remove offending content the progress at every step of the process. time to appear at the depend on the valuation put up
rise to violence, impinging on India’s new IT rules are in dom of expression, and privacy.” within 36 hours of receiving a legal order, An interim chief compliance officer has local police station,” by the airline,” the person said,
the unity and integrity of India, violation of rules laid down in “We will also continue working along- and trace the originator of offending posts been retained and details will be shared superintendent of requesting anonymity.
depicting a woman in a bad the International Covenant on side the Indian government as part of our and messages. with the ministry directly. Twitter contin- police (Ghaziabad A senior official at Air India
light, or sexual abuse of a child Civil and Political Rights shared commitment to serve and protect Compliance with the guidelines is ues to make every effort to comply with Rural) Iraj Raja told said that he expected real estate
and when no other intrusive (ICCPR), a key human rights the public conversation,” it said. essential for platforms to enjoy safe har- the new guidelines,” Twitter had said at reporters Friday. sales to rise as the economy
options are working, only then treaty, according to the letter. The microblogging giant has been bour protections detailed in Section 79 of the time. picks up in the coming months.

100K youth Entrance test fee not subject to GST, clarifies CBIC 67% adults exposed
to be trained Gireesh Chandra Prasad
gireesh.p@livemint.com
any services procured by them
relating to admission, or con-
It has always been a grey area
to determine what annuity pay- to virus: sero survey
as frontline NEW DELHI duct of such examinations. This
clarification will lower the cost
ments pertain to construction
and what pertain to grant of
Neetu Chandra Sharma

F
ees paid by students to of such fees charged to millions access, said Jain. “As such, the same in both the age groups,”
workers various central and state
education boards, includ-
of students appearing for the
government exams every year,”
government can consider issu-
ing a further detailed clarifica-
neetu.s@livemint.com
NEW DELHI
he said.
Although children were
ing the National Board of said Rajat Mohan, senior part- tion on the subject matter and infected, they suffered very
Neetu Chandra Sharma

O
Examination (NBE), for tests ner at chartered accountants perhaps, contractors can ver 67% of adults in mild infections. Only isolated
neetu.s@livemint.com are not subject to goods and firm AMRG & Associates. clearly outline what part of India have been cases of infection may occur in
NEW DELHI services tax (GST), the govern- The NBE, at present, con- consideration pertains to con- exposed to the covid-19 children in the next covid-19
ment said. However, accredita- ducts examinations in over 70 struction and what pertains to virus, according to the latest wave, Paul said.

T
he central government tion services provided by these However, accreditation services provided by central and state disciplines in medicine and has access of road/ highways in national serological survey con- As the government has
will train around boards to educational institu- boards to educational institutions are subject to tax, CBIC said. HT accredited over 700 institu- their agreements,” said Jain. ducted by the World Health administered around 270 mil-
100,000 youth to tions are subject to tax. tions including hospitals in the In a separate notification, Organization (WHO) in associa- lion covid-19 vaccine doses so
strengthen India’s healthcare In a set of clarifications, the boards, including NBE, are result publication and printing public and private sectors all CBIC clarified that payments tion with the All India Institute far, Paul citing scientific studies
system to deal with the Central Board of Indirect Taxes treated as educational institu- of admit cards and questions over the country. received from a government of Medical Sciences (AIIMS). said that vaccination reduces
expected third wave of corona- and Customs (CBIC) also said tions, but not for the purpose of papers. However, 18% GST The clarification on annuity agency for construction of rope- The survey chances of hospi-
virus infections. deferred payments to builders granting accreditations. applies to services provided by payments explains that tax ways are taxable at 18%, not at findings released In rural areas, the talization in cov-
In a new initiative for manag- for construction of roads and Accordingly, GST is exempt on these boards such as providing exemption has been provided 12%. CBIC also clarified that ser- by the health seropositivity id-19 patients by
ing the pandemic, Prime Minis- bridges called annuities are tax- any fee charged by them for accreditation to an institution only in the case of such pay- vices provided to an educational ministry on Fri- rate was 56% in 75-80%. “Studies
ter Narendra Modi on Friday able. The clarifications issued conducting examinations, or to a professional. ments received for providing institution, including pre- day showed that persons below 18 show that chances
launched a ‘customized crash on Thursday are based on dis- including entrance examina- “The government has clari- access to roads and highways. schools and anganwadis, by way more than half of
course programme for covid-19 cussions at the 43rd GST Coun- tions for admission to educa- fied that GST shall neither be Where the payment is received of serving of food such as mid- those below 18
years and 63% in of hospitalization
are 75-80% per-
frontline workers’ via video cil meeting. tional institutions. GST is also charged on fees collected by for construction of roads, day meals are exempt from GST years of age were persons above 18, cent less in vacci-
conferencing. The programme CBIC clarified that for the exempt on services bought by central or state boards for any bridges or highways, it is not irrespective of whether it is also infected. the survey said nated individuals.
will be conducted in 111 training limited purpose of conducting these boards for admission, examinations, including exempt from GST, said funded by government grants “The seroposi- The possibility of
centres across 26 states. examinations, central and state conducting examinations, entrance examinations, nor on Abhishek Jain, tax partner at EY. or corporate donations. tivity rate was such individuals
Training will be imparted for found to be 67% in persons needing oxygen support is
six customized job roles— above 18 and 59% in people around 8% and the risk of ICU
home care support, basic care below 18 years of age. In urban admission is only 6% in vacci-
support, advanced care sup-
port, emergency care support,
sample collection support, and
Govt proposes age-appropriate film certification areas, the seropositivity rate was nated persons,” said Paul.
found to be 78% in persons Meanwhile, the Union
below 18 and 79% in those above health ministry on Friday also
medical equipment support. It 18 years of age,” Dr V.K. Paul, asked all states and Union terri-
will involve fresh skilling as Lata Jha under 12 or U/A, and adult may, if it considers it necessary, incitement to any offence. film on the behest of the Centre member-health, NITI Aayog. tories to ensure the safety and
well as upskilling initiatives. lata.j@livemint.com films. Now, the government direct the chairman of the However, industry insiders “is yet another way of ensuring “In rural areas, the seroposi- well-being of healthcare work-
“About 100,000 frontline NEW DELHI seeks to subcategorize it into board to re-examine a particu- said the age-specific classifica- control over creative expres- tivity rate was 56% in persons ers, following reports of vio-
workers will be trained. Top age-based classification such as lar film. tion will add to the confusion in sion”, he added below 18 years of age and 63% lence against doctors and

T
experts of the country have he ministry of informa- U/A 7+, U/A 13+ and U/A 16+. Under the proposed rules, the certification process and In April, the ministry of law in persons above 18. The infec- healthcare workers in Assam,
designed the six courses, as per tion and broadcasting The move seems to be on a the ministry will have the will require effective execution and justice had abolished the tion was found to be almost West Bengal and Karnataka.
demands of the states and has proposed to intro- par with the new IT Rules on option to invoke on the ground. “It Film Certification Appellate
Union territories. This cam- duce the Cinematograph age-appropriate classification constitutional The govt seeks to could be a chal- Tribunal (FCAT), a statutory
paign will give fresh energy to (Amendment) Bill, 2021, to of content for video streaming provisions to introduce lenge to distin- body, constituted via the Cine- CORRECTIONS AND CLARIFICATIONS
the health sector frontline force make the process of certifying platforms wherein content that impose reasona- subcategories guish content matograph Act, 1952, by the
and will also provide job oppor- films for theatrical releases can be watched by all has a U ble restrictions on such as U/A 7+, meant for 13 and ministry of information and Mint welcomes comments, suggestions or complaints about errors.
tunities to our youth,” he said. more effective, in view of the rating. Other ratings are U/A 7+ the freedom of 16 or above. If we broadcasting, to hear appeals of
U/A 13+ and U/A Readers can alert the newsroom to any errors in the paper by
Modi said the virus is still changing times, and to curb the , U/A 13+, and U/A 16+, besides speech and were making the applicants aggrieved by an
present and there is a possibil- menace of piracy. The Centre an A rating for content expression in the 16+ for age-based distinctions, film- order of the Central Board of emailing us, with your full name and address to
ity of mutations. “The second has sought feedback from the restricted to adults. interest of the sov- classification makers must also Film Certification (CBFC).
feedback@livemint.com.

wave illustrated the kind of public by 2 July. More importantly, while a ereignty and be given more lee- Another change the govern- It is our policy to promptly respond to all complaints. Readers
challenges that the virus may The Cinematograph Act, Karnataka high court order integrity of India, way when making ment seeks to make is to grant dissatisfied with the response or concerned about Mint’s journalistic
present to us. India needs to 1952, provides for the certifica- said the central government the security of the State, content that has already been certificates to films for perpetu- integrity may write directly to the editor by sending an email to
stay prepared to meet the chal- tion of films under three cate- cannot exercise revisional pow- friendly relations with foreign classified as adult,” said a film- ity. According to the existing asktheeditor@livemint.com
lenges and training more than gories—unrestricted public ers for films already certified by States, public order, decency or maker, requesting anonymity. provisions of the Act, the certif-
Mint’s journalistic Code of Conduct that governs our newsroom is
100,000 frontline warriors is a exhibition or U, parental gui- the censor board, the amend- morality or in relation to con- The proposal to have the icate issued by CBFC is valid available at www.livemint.com
step in that direction.” dance required for children ment proposes that the Centre tempt of court, defamation or board re-examine a particular only for 10 years.

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LIVEMINT.COM NEWS SATURDAY, 19 JUNE 2021
BENGALURU 15

CCI clears
stake sale in Beijing’s policy to rein in HT Media Limited
CIN: L22121DL2002PLC117874
Registered Office: Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg, New Delhi - 110001, India

costs melts metal stocks


Tel: +91 11 66561608 Fax: +91 11 66561445

Magma HDI Email: corporatedept@hindustantimes.com Website: www.htmedia.in


(INR in Lakhs except earnings per share data)
Extract of audited Consolidated Financial Results for the quarter and year ended March 31, 2021
Gireesh Chandra Prasad Quarter ended Year ended
March 31, December 31, March 31, March 31, March 31,
gireesh.p@livemint.com Particulars 2021* 2020 2020* 2021 2020
NEW DELHI Audited Unaudited Audited & Audited Audited &
Revised** Revised**
Revenue from operations 34,907 34,074 46,484 111,729 208,260

T
he Competition Com- Net profit/(loss) for the period (before tax and/or exceptional items) 2,428 1,290 3,483 (10,319) 8,855
mission of India (CCI) has BSE Metal Index slumped 7.44% on speculation of rising supply from China Net profit/(loss) for the period before tax (after exceptional items)
Net profit/(loss) for the period after tax, non-controlling interest
2,111 1,290 (21,503) (10,636) (34,367)
cleared a stake sale in 1,589 326 (17,576) (7,084) (34,570)
and share in loss of joint venture (after exceptional items)
Magma HDI General Insurance Total comprehensive income/(loss) for the period [comprising profit/
Co. Ltd to Morgan Stanley, the Ravindra Sonavane (loss) for the period after tax, non-controlling interest and share in 1,534 501 (16,942) (6,661) (33,966)

Poonawalla Group, and entities ravindra.s@livemint.com Seeing red loss of joint venture and other comprehensive income (after tax)]
Paid-up equity share capital*** (Face Value - INR 2/- per share) 4,655 4,655 4,655 4,655 4,655
advised or managed by ICICI MUMBAI The correction in metal stocks this week Other equity excluding revaluation reserves as per the audited
- - - 204,318 210,892
came after China said it was releasing balance sheet
Venture.
Earnings/(Loss) per share (of INR 2/- each) (not (not (not

M
Magma HDI had in March etal stocks slumped on Fri- government reserves of metals soon.
annualised) annualised) annualised) - -
announced a ₹525 crore deal in day with the BSE Metal Change in a week (in %) Basic 0.69 0.14 (7.62) (3.07) (14.99)
Diluted 0.68 0.14 (7.62) (3.07) (14.99)
which fresh capital of ₹250 Index falling nearly 8% in a -6.5 LME Copper *Refer Note 5 below
crore was to be issued to private week as China stepped up -1.4 LME Aluminum **Refer Note 6 of Quarterly Consolidated Financial Results filed with Stock Exchange for the quarter and year ended March 31, 2021
equity funds advised or man- its efforts to control metal ***Includes Equity Shares of INR 44 Lakhs held by HT Media Employee Welfare Trust
-3.1 LMI Zinc Notes:
aged by ICICI Venture private prices that have seen a sharp surge since 1 The above is an extract of the detailed format of quarterly financial results filed with the Stock Exchanges under Regulation 33 of the SEBI
equity fund and to Morgan last year. -7.4 BSE Metal Index
(Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the quarterly financial results are available on
Stanley private equity fund. On the London Metal Exchange, cop- the Stock Exchange websites (www.bseindia.com and www.nseindia.com) and on the Company’s website “www.htmedia.in”.
-8.6 JSPL 2 The above consolidated financial results for the quarter and year ended March 31, 2021 were reviewed and recommended by the Audit
The deal also involved a sec- per, aluminium, and zinc dropped 6%, 2% Committee and approved by the Board of Directors at their respective meetings held on June 18, 2021. The Statutory Auditors have
ondary sale of promoter stake and 3.1%, respectively, this week, while -8.0 JSW Steel carried out an audit of the above results pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended and have issued an unmodified audit opinion.
worth ₹275 crore to ICICI Ven- China hot-rolled steel prices fell 2% in the -7.2 Tata Steel
3 The consolidated financial results have been prepared in accordance with the Indian Accounting Standards (‘Ind AS’) prescribed under
ture, Morgan Stanley Private same period. -8.4 SAIL Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, as amended from time to time.
Equity, and Cyza Chem, a Till last week (11 June), the BSE Metal -6.0 Hindalco
4 Additional information on standalone financial results is as follows:- (INR in Lakhs)
Poonawalla Group entity, and Index was on an upswing, gaining 67.4% Particulars Quarter ended Year ended
Source: Bloomberg
to two family offices. year-to-date, but since then it has lost March 31, 2021 December 31, 2020 March 31, 2020 March 31, 2021 March 31, 2020
The transaction involves 7.44%. Since 11 June, Jindal Steel and Audited Unaudited Audited & Audited Audited &
Revised# Revised#
acquisition of less than 25% of Power Ltd (JSPL) has dropped 8.6%, JSW what China is holding and how much it 4% below the pre-covid peak now, while Revenue from Operations 17,093 16,504 27,186 52,810 122,551
Magma HDI by India Advan- Steel Ltd has erased 8% of its stock value, wants to release, said Mohit Nigam, head, demand is at the pre-covid peak”, Credit Profit/ (Loss) Before Tax 2,871 (2,027) (24,135) (13,544) (43,258)
tage Fund S4 I and Dynamic Tata Steel has fallen 7.2%, while Steel portfolio management services, Hem Suisse said in a 25 May report. “...with steel Profit/ (Loss) After Tax 3,118 (1,659) (21,789) (8,135) (39,268)
India Fund S4 US I on a fully Authority of India is down 8.4%, and Hin- Securities. “We don’t expect a severe cor- names trading at a decadal high relative Total Comprehensive Income/(Loss) 3,121 (1,560) (20,861) (7,822) (38,316)
diluted basis, CCI said. The deal dalco Industries Ltd shed 6% of its stock rection in metal stocks as both domestic price-to-book and the near-term risks to #
Refer Note 13 of Quarterly Standalone Financial Results filed with Stock Exchange for the quarter and year ended March 31, 2021
also involves acquisition of less value. and global demand continue to be strong steel prices, we advise caution and to book 5 The figures of the quarter ended March 31, 2020 are the balancing figures between the revised audited figures in respect of the previous
financial year and the revised year to date figures upto December 31, 2019, being the end of the third quarter of the previous financial
than 10% of the share capital of The correction in metal stocks came with improved visibility,” Nigam said. profits as well,” the report said. year, which were subjected to limited review.
Magma HDI on a fully diluted after China’s National Food and Strategic Brokerage firm Credit Suisse has down- The brokerage firm has downgraded The figures of the quarter ended March 31, 2021 are the balancing figures between the audited figures in respect of the financial year and
the year to date figures upto December 31, 2020, being the end of the third quarter of the financial year, which were subjected to limited
basis by NTH, an investment Reserves Administration said it was graded the steel sector after the BSE Metal Tata Steel and JSPL to neutral from out- review. For and on behalf of the Board of Directors
holding firm that belongs to a releasing government reserves of metals Index jumped 67% year-to-date (till 11 perform. It also downgraded JSW Steel to
New Delhi Shobhana Bhartia
fund managed or controlled by in batches, including copper, aluminium June) as it sees multiple risks to steel pri- underperform from neutral. June 18, 2021 Chairperson & Editorial Director
an affiliate of Morgan Stanley. and zinc, in the near future. The recent developments
Magma HDI is engaged in The reserve stocks of metals PRICE CONTROL on the metals front could
the non-life insurance business will be released through bid- prove to be a headwind for the
and offers products across cate- ding to processing and manu- CHINA plans to HOWEVER, it has ANALYSTS don’t listing of the recent initial DELHI JAL BOARD
gories such as motor, health, facturing industries. release reserve not specified the expect a severe public offering (IPO) of steel OFFICE OF THE DIRECTOR (REVENUE)
stocks of metals to volumes that will be correction in metal VARUNALAYA PHASE-II, KAROL BAGH, NEW DELHI-05, (011-23637218)
personal accident, home and “This step was taken to cool cool down the offloaded from stocks as demand producer Shyam Metalics,
fire insurance. “Investment by down the multi-year high commodity prices reserves remains strong which is expected to debut on “STOP CORONA: Wear Mask, Follow Physical Distancing, Maintain Hand Hygiene”
marquee PE investors such as commodity prices and boost stock exchanges on 24 June. Re-invite NIT/RFP NO. 01/DJB/DOR/Rev.(HQ)/2021-22/ dated 17.06.2021
ICICI Venture and Morgan supply shortage to ensure The IPO was a bumper hit, On behalf of Delhi Jal Board, Director (Revenue) re-invites online tenders for Selection of Agencies for Online spot-reading,
Stanley, along with leading price stability in the commodity market. ces ahead. witnessing subscription of more than 121 capturing of image of water meter, billing and distribution of Bill of Water/Sewer Connections under the jurisdiction of Delhi
family offices, underwrites the At present, metal stocks have slumped on “(We see multiple risks like) impact of times. Jal Board in respect of Rohini and Janakpuri Zones as under:-
confidence in the company’s speculation of rising supply from China. supply chain shock, which drove steel pri- The grey market premium was quoting Item Name of Tender Earnest Date of release of tender Period Last date/time of receipt of e-tender
business and the quality of the However, China has not specified the vol- ces to record highs, easing, China entering at ₹130 a share, according to a dealer, No. Zone Fee Money on e-procurement portal through e-procurement portal
Item Rohini Rs. Rs. 18.06.2021 02 Years 02.07.2021 upto 1.00 P.M.
management team. This will umes that will be offloaded from reserves. a weak demand season at a time when pro- dropping from a peak of ₹155-160 apiece. No. 1 Zone 1,500/- 4,62,300/- Tender ID 2021_DJB_204558_1
support the strong growth tra- Thus, the quantum of physical metal duction continues to be very strong, the “We believe strong demand, led by Item Janakpuri Rs. Rs. 18.06.2021 02 Years 02.07.2021 upto 1.00 P.M.
jectory of the company and will release by China to ease the supply-de- Chinese government’s recent comments infrastructure development and steady No. 2 Zone 1,500/- 4,04,500/- Tender ID 2021_DJB_204558_2
set it to be among the leading mand gap will be in focus,” said Ankit Par- on price control of commodities, espe- pricing scenario in the sector, will keep The RFP document can be downloaded from Delhi Government e-Procurement website (https://govtprocurement.delhi.
players in the industry,” eek, research analyst at Choice Broking. cially steel and iron ore, and ex-China pro- listing gains in Shyam Metalics IPO gov.in).
Magma HDI had said in March. At this stage, it’s difficult to determine duction run-rate catching up and at only intact,” Nigam said. ISSUED BY P.R.O. (WATER)
Advt. No. J.S.V. 122(2021-22) Dy. Director Revenue (HQ)

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BENGALURU, NEW DELHI, MUMBAI, KOLKATA, CHENNAI, AHMEDABAD, HYDERABAD, CHANDIGARH*, PUNE* VOL. 15 NO. 145 Rs15.00 16 PAGES

Saturday, June 19, 2021

Business Lounge | Naveen Air India to sell some realty


livemint.com Munjal: The electric effect uP12 assets for up to ₹300 cr uP14

SENSEX 52,344.45 21.12 NIFTY 15,683.35 8.05 DOLLAR ₹73.86 ₹0.22 EURO ₹87.96 ₹0.45 OIL $72.58 $0.50 GOLD ₹47,122 ₹271

Centrum-BharatPe to Ticket to ride


Domestic travel demand in international markets stayed well
below the pre-pandemic levels in April, showed data.
Country (domestic travel market) % change in revenue per passenger
Paytm to issue
₹12,000 crore
DON’T MISS

take over PMC Bank


kilometre in Apr 2021 over Apr 2019
China 6.8 fresh equity
Russia 11
US -34.9
shares in IPO
Centrum will set up SFB first, which will merge with PMC Bank Australia

Brazil
-34.4 Tarush Bhalla
-60.9 tarush.b@livemint.com
India -42 BENGALURU
Shayan Ghosh Twitter pledges to work with the
FLYING THE CO-OP Japan -54.9
government to guard citizens’ rights

P
shayan.g@livemint.com
Source: International Air Transport Association
ayments and wallet giant
MUMBAI Paytm has taken a step Twitter on Friday pledged to work with
The development comes as a relief to depositors, whose funds have been stuck SARVESH KUMAR SHARMA/MINT
for nearly two years. The bank had total deposits of ₹10,727.11 cr as on 31 Mar 2020. closer to its initial public lawmakers and the government to safeguard

E Travel tech services


nding nearly two anxious offering (IPO) as it sought freedom of expression and protect “the
years for depositors, the (In  crore) Deposits Advances shareholders’ approval to sell public conversation” in India amid continuing
Reserve Bank of India (RBI) 12,000 new shares worth ₹12,000 controversy over posts on the social media
platform. >P14
on Friday cleared the decks
for the takeover of Punjab
and Maharashtra Cooperative Bank 8,000
firm RateGain plans crore in its IPO.
A notice sent to shareholders
on Friday said the share sale
Metal stocks melt as China steps
(PMC Bank) by a consortium of non- proposal and others will be put
bank lender Centrum Financial Ser-
vices and fintech startup BharatPe.
The multi-state cooperative len-
4,000 ₹1,200 cr share sale to vote at an extraordinary gen-
eral meeting on 12 July. Paytm’s
parent One97 Communica-
up efforts to keep a lid on prices
Metal stocks slumped on Friday with the BSE
Metal Index falling nearly 8% in a week as
der was on the brink of collapse Swaraj Singh Dhanjal two banks to start work on its IPO. tions Ltd, India’s second most- China stepped up its efforts to control metal
when the regulator seized it on 24 0 swaraj.d@livemint.com It has appointed Kotak Mahindra valued startup worth $16 bil- prices. On the London Metal Exchange,
FY16 FY17 FY18 FY19 FY20
September 2019, capped cash with- Source: PMC Bank annual reports MUMBAI Capital and IIFL to manage the lion, is expected to launch its copper, aluminium, and zinc dropped 6%,
drawals and launched an investiga- BACK FROM THE BRINK process and more will be added IPO in late November. 2% and 3.1%, respectively, this week. >P15

T
tion into its accounting lapses. PMC was on the brink CENTRUM, BharatPe THE consortium plans ravel and hospitality tech- later. They might raise around “The company proposes to
RBI said it has decided to grant of a collapse when RBI submitted a plan to take to bring in ₹900 cr of nology services provider ₹1,200 crore through the IPO, create, offer, issue and allot
in-principle approval to Centrum to set seized it in Sep 2019 over PMC in Feb this year capital in the first year RateGain Travel Technol- which will be a mix of primary and fresh equity shares of the com- Grofers co-founder Saurabh Kumar
up a small finance bank under on-tap ogies Pvt. Ltd is planning an ini- secondary share sale. TA Associ- pany of face value of ₹1 each of takes a step back from operating role
SARVESH KUMAR SHARMA/MINT
licensing norms. On-tap licensing tial public offering (IPO), two ates is an investor and will look to the company (the “equity Almost eight years after starting online grocer
refers to the regulator giving out bank NBFC after a gap of nearly six years rest ₹400 crore during the course of people aware of the development sell down part of its stake,” one of shares”) up to an aggregate of Grofers, co-founder Saurabh Kumar is taking
licences on a continuous basis, rather and would like to thank RBI for the the year,” he said. said. With this, RateGain joins a the two people mentioned above ₹12,000 crore […] The pro- a step back from his role. In an email to staff,
than once in several years. opportunity and confidence shown Ashneer Grover, chief executive list of companies headed for the said on condition of anonymity. posed offering is likely to Kumar said he will no longer be involved in
In February, Centrum Financial in us,” Jaspal Bindra, executive and co-founder, BharatPe, said it is capital markets in the coming RateGain helps travel and include a fresh issue of the the day-to-day functions, but will continue to
Services and BharatPe had submitted chairman, Centrum Group, said in a delighted at the opportunity to build quarters. hospitality firms in revenue equity shares by the company be a shareholder and board member. >P13
a joint proposal to take over PMC statement. a high-performing technology-led In 2015, private equity firm management, e-distribution, and an offer for sale by certain,
Bank. Centrum Financial Services is a “In the first year, we are commit- small finance bank serving the pay- TA Associates invested $50 mil- and brand engagement. It existing shareholders of the
step-down subsidiary of listed entity ted to bring in ₹900 crore of capital ment, investment and credit needs lion in the company, which pro- claims to support more than company,” the notice said. Centre plans to back up frontline
Centrum Capital, and provides credit and this would be equally divided of the under-served. vides software-as-a-service 250,000 hotel properties glo- On 14 June, Paytm’s board workers ahead of third covid wave
to small and mid-sized companies ran- between Centrum Group and Bhar- RBI said it would consider grant- products. The firm, which was bally, by providing 240 billion cleared the new share sale
The Centre will train around 100,000 youth to
ging from ₹2 lakh to ₹2 crore. Resilient atPe,” Bindra said over the phone. ing a licence for commencement of founded in 2004, claims its ser- rate and availability updates plans, and named JPMorgan strengthen the healthcare system to deal with an
Innovations Pvt. Ltd, which operates “Then, an additional ₹900 crore will banking business under Section 22 vices are used by more than 25 and handling more than 30 Chase and Co., Goldman Sachs, impending third covid wave. PM Narendra Modi
BharatPe, will be an equal partner in be brought in by the two partners as (1) of the Banking Regulation Act, out of the top 30 online travel million bookings every year. Morgan Stanley and ICICI on Friday launched a crash course for frontline
the small finance bank. and when required after the first 1949, once it is satisfied that Cen- agencies, airlines, hotel chains, The company’s plans make it Securities Ltd as bankers or workers via video conferencing that will be
“We are delighted that a new year. We will be starting the bank and tour operators in India. conducted at 111 centres across 26 states. >P14
banking licence will be issued to an with ₹500 crore on day one, and the TURN TO PAGE 13 “The tech firm has picked up TURN TO PAGE 13 TURN TO PAGE 13

Gautam Adani slips to third spot Gold extends fall in India


on Asia’s rich list as stocks tank after Fed signals rate hike
REUTERS
Ashwin Ramarathinam Anto T Joseph hole (per 10gm) in their kitty.
ashwin.r@livemint.com
Pecking order feedback@livemint.com As with almost every part of
MUMBAI
Gautam Adani, who lost $13 billion in four days following a sell-off in the international market,
shares of Adani group firms, slipped to No. 3 spot on Asia’s rich list.

G
old prices in most parts global gold prices, too, are

B
illionaire Gautam Adani Rank Change Name Net worth ($ bn) of India have fallen impacted by the decision on
was knocked back to the 1 0 Mukesh Ambani 84.2 more than ₹1,000 per US interest rates. Any rise in
UGC expects all colleges and universities to post their human No. 3 position among 10gm of 24-carat in the past interest rates in the US tends to
resource requirements in that platform once it is ready. HT Asia’s richest people within a 2 +1 Zhong Shanshan 68.5 two days, ever since the US lead investors towards bonds
few weeks of grabbing the sec- Federal Reserve on Wednes- from gold. The US dollar has

UGC builds single ond spot, as the Indian business


tycoon lost $13 billion in four
days following a massive sell- 4
3 -1

0
Gautam Adani

Ma Huateng
63.5

59.9
day signalled an interest rate
hike by 2023.
This is the biggest decline
also strengthened.
“If the US Fed rates go up, it
will weaken the rupee. The

platform to host
off in shares of Adani group for gold in India in 2021, and price of gold is likely to remain
companies. 5 0 Jack Ma 48.7 prices continued to drop on somewhat range-bound
Adani currently has a net Source: Bloomberg
Friday, even as the bullion Despite a rebound globally, a between ₹45,000 and
worth of $63.5 billion, sharply made a strong rebound in the lack of demand has taken the ₹55,000 per 10gm,” said

all academic jobs lower than the $76.7 billion at


the start of this week.
Mukesh Ambani, who con-
Shares of Adani group com-
panies have plummeted this
SARVESH KUMAR SHARMA/MINT

more than 10% and Adani


Enterprises Ltd lost 6.64%.
international market. Weak
consumer sentiment follow-
ing the second wave of covid
sheen out of the metal in India.

on Thursday and Friday, respec-


Raghu G, general manager –
bullion, Manappuram Group.
Internationally, gold suf-
Prashant K. Nanda vacancies on this portal, which trols the retail-to-oil conglom- week following a sell-off on The combined market value and restrictions in most states tively, to close at ₹48,300. In fered its biggest single-day
prashant.n@livemint.com will help in disseminating erate Reliance Industries Ltd, Monday after reports that of these companies plunged crimped physical demand for Chennai, the price dropped to percentage drop this year on
NEW DELHI the information to the eligible continues to top Asia’s rich list accounts of some major foreign from $76.7 billion to $63.5 bil- the precious metal this year. ₹48,600 after two declines of Thursday as the dollar rose
candidates,” it said. with a net worth of $84 billion, investors holding these shares lion this week after a media India is the world’s second- ₹650 each. Gold rates in India after the US Fed signalled it

T
he University Grants India’s higher education sec- according to the Bloomberg have been frozen. report said India’s National largest bullion consumer after vary across cities due to state may raise interest rates sooner
Commission (UGC) is tor is one of the largest in the Billionaire Index. In the past five trading ses- Securities Depository Ltd China. Within India, Kerala is taxes, hauling cost and margins. than expected.
developing a single-win- world with about 50,000 col- China’s Zhong Shanshan sions, among the group’s half a (NSDL) froze three accounts of the largest retail market, accord- In Mumbai, however, the Gold futures declined 4.5%
dow platform for all academic leges and universities having regained the second spot from dozen listed firms, Adani key foreign portfolio investors ing to the World Gold Council. prices dropped by only ₹60 to in the biggest drop in more
jobs in both teaching and non- around 2.8 million staff, includ- Adani. The Indian business Transmission Ltd, Adani Total (FPIs) having a major stake in In Delhi, the price fell by close at ₹48,350. than 10 months. That took
teaching positions, in a move ing teachers. The number of magnate had in April overtaken Gas Ltd and Adani Power Ltd four of the six listed Adani ₹700 and ₹400 on Thursday For investors in the country, gold down to $1,777.80 a troy
that could ease hiring in col- vacancies is quite large as well. Zhong when shares of the lost more than 20%, and Spe- group firms. and Friday, respectively, and is this, along with the five-day ounce on Thursday. However,
leges and universities. The elite Indian Institutes of Adani group almost doubled cial Economic Zone Ld and currently around ₹50,500. In fall in the run-up to the US Fed
The higher education regu- Technology (IITs) are facing a since January. Adani Green Energy Ltd lost TURN TO PAGE 13 Kerala, it fell by ₹540 and ₹660 meeting, has blown a ₹2,000- TURN TO PAGE 13
lator expects all colleges and 15-30% faculty shortage across
universities to post their campuses. In March 2018, the
human resource requirements Union government informed
in that platform once it is
ready. This will aid job search
and talent mapping, and thus
Parliament that the faculty
strength of the 23 IITs is 5,428
against a sanctioned strength of
Microsoft’s combination of top roles goes against trend
accelerate the filling-up of 8,234 teaching staff. There is
vacancies, it said. thus a combined 34% shortage Mengqi Sun ing a push by corporate-govern- from the company’s board last by Mr. Gates in 2000, the spokes- bit of a red flag when the CEO
“Once you bring all the of faculty in these institutions. feedback@livemint.com ance experts, shareholders and, year. Mr. Gates announced last man said. “It’s a bad move,” said doesn’t think the title of the CEO
vacancy notifications from Similarly, there is a shortage of in some cases, regulators to year that he was stepping down Charles Elson, a professor of cor- is enough,” she said.

M
colleges and varsities on to a more than 5,000 in the com- icrosoft Corp.’s move to untangle the two roles. three months after having been porate governance at the Univer- While combining the two titles
single platform, it will allow a bined faculty strength of cen- combine the roles of its About 59% of S&P 500 compa- re-elected to the board. sity of Delaware. “The person might not be as meaningful if the
larger group of people from tral universities. chief executive and nies now have separate CEO and “Microsoft and its board have a being monitored by the board, board has a strong independent
across regions to apply. So, job Varsities and institutions chairman goes against recent chairman positions, according to longstanding commitment to the CEO, shouldn’t chair the lead director who sets the
search and talent search exer- have hired some faculty governance trends. data compiled for The Wall Street strong corporate governance and board that monitors them.” agenda, companies should
cise from both demand and through permanent and ad The Redmond, Wash.-based Journal by shareholder The move would enhance explain why a combination is
supply sides becomes better,” hoc measures. However, res- software company said Wednes- ISS ESG, a protec- Microsoft chairman and chief management control of the necessary and how the board
said a government official who ervations for the economically day that Chief Executive Satya unit of proxy tions,” a executive Satya Nadella. MINT board, where the chairman con- would provide independent
did not want to be named. weaker sections (EWS) has led Nadella would also assume the adviser company trols the agenda and flow of the oversight, according to Ms.
UGC has written to all uni- to an increase in the intake of role of company chairman. John Institutional Shareholder Servi- spokesman said Thursday. “With CEO to identify key risks, the firm meetings, Mr. Elson said. He Minow. How a board handles a
versities, informing them that students and lowered the fac- W. Thompson, who preceded ces Inc. That is an increase from 10 of 11 board members inde- said Wednesday. Mr. Thompson added that it would be difficult to CEO’s compensation and
it is setting up the single-win- ulty-student ratio, which was Mr. Nadella as chairman, 55% in 2020 and 37% in 2011. pendent, and an experienced will provide input on board agen- strip a CEO of the chairman role whether it takes the lead on envi-
dow platform and that it shall visible in the QS World Uni- returned to his role as the lead A Microsoft spokesman said lead independent director, the das, call meetings of the inde- once positions are combined. ronmental, social and govern-
include non-teaching vacan- versity Ranking this year, independent director, a title he Wednesday that Mr. Nadella and board remains positioned to pro- pendent directors, set agendas A change to combine the roles ance issues can indicate how ade-
cies. The regulator said it will where some top schools did held from 2012 to 2014. Mr. Thompson had been in talks vide effective oversight and stra- for the executive sessions and is a source of concern, said Nell quate its oversight is. “It’s not the
also add new features. “The not do well in this aspect. Microsoft’s decision comes as since late 2020 about potentially tegic direction to the company.” lead performance evaluations of Minow, vice chair of ValueEdge titles that concern me so much,
upgraded portal shall become In an email to faculties and more U.S. companies have sepa- combining the roles and the Mr. Nadella will take the lead the CEO, the company said. Advisors, which advises institu- it’s how they are interpreted by
functional shortly. You are rated the CEO and chairman change was unrelated to in setting the agenda for the The last time the two positions tional investors on corporate the board,” she said.
requested to kindly upload job TURN TO PAGE 13 positions in recent years, follow- co-founder Bill Gates’s departure board and use his knowledge as were held by the same person was governance issues. “It’s always a ©2021 DOW JONES & CO., INC
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