Saregama hits 5% upper circuit on board nod for distribution biz demerger

Saregama Carvaan Gold

The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business).

Shares of Saregama India were locked at the 5 per cent upper circuit at Rs 4,828.45 on the BSE in Thursday’s intra-day trade after the board approved demerger of entire distribution business of the company. The demerger relates to sale of all its physical products including Carvaan on digital marketplaces along with identified non-core assets (i.e. investment in publication business). The stock had hit a record high of Rs 5,487 on December 28, 2021.

Online marketplace has considerable potential, and skills acquired by the demerged company in the recent past can be utilized to manage end-to-end distribution activity, and with a potential to add many more products. This will also benefit the demerged company’s business, as the negotiation strength generated by the distributors by selling a suite of products will help accelerate carvaan sales too, Saregama India said in its rationale for demerger.

The demerged company intends to demerge its e-commerce distribution business into the resulting company which, inter alia, will result in the unlocking the value of each of the business for the shareholders of the demerged company, attracting investors and providing better flexibility in accessing capital, the company said.

Two fully paid up equity shares of the resulting company, credited as fully paid up, for every one equity share of the demerged company.

“Demerged division topline was Rs 17.4 crore in FY21 while bottomline (in our view) is miniscule, thus having no major implication on earnings. We highlight that demerger only involves digital distribution arm (including publication) and Carvaan business stays with Saregama residual entity. Demerger of non-core activity, especially publication, is a key positive likely to drive a focused approach of management on key business of music,” ICICI Securities said in a note.

Meanwhile, on February 24, 2022, Saregama India board had approved stock split from Rs 10 to Re 1 each. The sub-division of face value of equity shares to improve the liquidity of the company’s shares in the Stock market and to make it affordable to the small retail shareholders as also to broad base the small retail shareholders, the company had said.

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Hijab row: Karnataka High Court likely to pronounce verdict tomorrow

 Hijab row: Karnataka High Court likely to pronounce verdict tomorrow

The lawyers appearing for the petitioner girls from Udupi district said the matter pertaining to Hijab case has been listed as serial No. 1.

The full bench of the Karnataka High Court, which concluded its hearing in the Hijab case, is likely to pronounce its verdict at 10:30 am on Tuesday.

The demand by a section of girls in an Udupi pre-university college to wear Hijab inside their classrooms erupted into a major row after some Hindu students turned up in saffron shawls with the issue spreading to other parts of the state, even as the government insisted on a uniform norm.

According to the lawyers appearing for the petitioner girls from Udupi district, the matter pertaining to Hijab case has been listed for Tuesday as serial No. 1 and the court may spell out the operative part of the verdict from 10.30 am onwards.

The full bench of the High Court comprising Chief Justice Ritu Raj Awasthi, Justice Krishna S Dixit and Justice J M Khazi was constituted on February 9 on a petition filed by girls from Udupi who prayed that they should be allowed to wear Hijab even inside the classroom along with the school uniform as it was part of their faith.

On January 1, six girl students of a college in Udupi attended a press conference held by the Campus Front of India (CFI) in the coastal town protesting against the college authorities denying them entry into classrooms wearing headscarves.

This was four days after they requested the principal permission to wear hijab in classes which was not allowed. Till then, students used to wear the headscarf to the campus, but entered the classroom after removing it, college principal Rudre Gowda had said.

"The institution did not have any rule on hijab-wearing since no one used to wear it to the classroom in the last 35 years. The students who came with the demand had the backing of outside forces," Gowda had said.

As the issue of Hijab versus saffron scarves spread to several educational institutions in many parts of Karnataka, the state government announced holiday from February 9 to February 15 in all the pre-university colleges and from February 9 to February 16 in degree and diploma colleges.

The girls then approached the Karnataka High Court seeking relief and quashing the government order on February 5 restraining students from wearing any cloth that could disturb, peace, harmony and public order.

The full bench of the High Court has been hearing the case on a day-to-day basis since February 10.

In its interim order, the bench asked the state government to reopen the educational institutions, which were hit by the agitation, and restrained students from wearing Hijab and saffron scarves in the classroom till the final order is delivered.

How Women Pastors Are Solemnising Dhuku Marriages In Jharkhand Where Tribals Are Forced To Live-in

 Highlights

A group of tribal couples in Jharkhand who had chosen to be in a live-in relationship, more because of financial constraints, were formally married

The marriages of those 43 couples — known as dhuku in local parlance — all Christians, were solemnised by a group of three women pastors for the first time at a local stadium in Khunti

Staying with a man in a relationship, bearing their children without getting married, without any social acceptance and legal rights - this is an Adivasi tradition in Jharkhand, known as 'dhuku marriage'

Last weekend, nearly 45 couples received social recognition, something they have waited for their whole lives. 

A group of tribal couples in Jharkhand who had chosen to be in a live-in relationship, more because of financial constraints, were formally married at the first of a series of functions that began in Khunti on February 14.

The marriages of those 43 couples — known as dhuku in local parlance — all Christians, were solemnised by a group of three women pastors for the first time at a local stadium in Khunti.

These couples are among 1,320 couples who would be formally married in batches as organising such mass marriage ceremonies is not possible because of current COVID restrictions.

Table of Contents

"A matter of pride"

What is Dhuku marriage

"A matter of pride"

Kusum is one among the three pastors who solemnised the marriages of Christian couples. 

The 34-year-old pastor said that she is proud of the work they are doing by giving social recognition and acceptance to couples who are forced to live-in by society. 

"I never dreamt that I will become a pastor one day. I wanted to pursue medicine but our means were limited. But doing social work gives me satisfaction," she says adding that it's a "god's blessing."

pastor kusum

Pastor Kusum (Left), Pastor Suralen (Center), and Pastor Saroj (Right) - The three pastors solemnised marriages of 43 Dhuku couples in Jharkhand

Kusum is unmarried and lives with her parents and brothers in Gari village in Khunti district. She is currently posted in Gobindpr and will complete a year here in two months. 

She says that she received a call from a senior pastor about the mass marriage and was encouraged to take up the job and responsibility of solemnising the marriage.

"It is a matter of pride that we got them married," she says, adding that if men could be pastors, women could be too. "We must empower ourselves in every possible way."

Nikita Sinha, founder of Nimitta, an NGO that has organised marriages of hundreds of such couples in the past says that getting them married is no small feat.

"There are over 1000 marriages that need to be officiated by the end of March. Neary 500 of them are Christian marriages, and about 550 are Sarna marriages - a local tribal culture," she says.

She said that between 12th and 13th February, over 100 marriages were organised.

What is Dhuku marriage

Staying with a man in a relationship, bearing their children without getting married, without any social acceptance and legal rights - this is an Adivasi tradition in Jharkhand, known as 'dhuku marriage'.

According to the tribal community norm, the woman is recognised as ‘Dhukni’ and the man is called 'Dhukua'. 

It is a civil cohabitation and is approved before and after pregnancy and even after the birth of children. But dhuku marriages are a social bane for tribals in Jharkhand.

dhuku-marriage

These couples are among 1,320 couples who would be formally married in batches.

The Munda, Oraon, and Ho tribes primarily practice Dhukna in tribal-dominated rural areas of Jharkhand, and such marriages have been flourishing in patriarchal tribal communities for centuries due to poverty and illiteracy.

Thousands of couples in the tribal villages of Jharkhand stay in live-in relationships because they fail to organise wedding parties. 

While the couples in live-in relationships are never harassed, they are never given the respect they deserve, and women suffer the most. The women, dhukni, are not given the rights of a wife, they cannot apply sindoor, nor do they get a part in the husband’s ancestral property, if he dies.

Any children born out of this relationship too are not socially recognised. Getting a child's nose and ears pierced is a tradition in our society but children born out of Dhuku marriages are not allowed to get piercings. As a result, they are never socially recognised and accepted. 

Dhuku marriage is a compulsion, not a choice, and tribals for centuries have been deprived of basic social recognition and respect because of poverty.

Forcing spouse to stay on in failed marriage is cruelty: Kerala HC

 KOCHI: A man or woman cannot force their spouse to carry on a failed marriage and denying divorce “on mutual consent” in such a relationship amounts to cruelty, the Kerala HC has said in its judgment after considering separate appeals from an estranged couple.

“If one of the spouses is refusing to accord divorce on mutual consent after having convinced of the fact that the marriage failed, it is nothing but cruelty to spite the other spouse. No one can force another to continue in a legal tie and relationship, if the relationship deteriorated beyond repair,” ruled a division bench led by Justice A Muhamed Mustaque. In this case, the wife had challenged a court’s decision to grant divorce to her husband citing cruelty.

‘Reasonable adjustments with spouse needed in marriage’

Chandigarh: The Punjab and Haryana high court has held that the matrimonial matters are matters of “delicate human and emotional relationship that demands mutual trust, regard, respect, love and affection with sufficient play for reasonable adjustments with the spouse.”

“The relationship has to conform to the social norms as well. The matrimonial conduct has now come to be governed by statute framed, keeping in view such norms and changed social order. It is sought to be controlled in the interest of the individuals as well as in a broader perspective, for regulating matrimonial norms for making a well-knit, healthy, and not disturbed and porous society. The institution of marriage occupies an important place and role to play in the society, in general,” observed Justice Ritu Bahri and Justice Ashok Kumar Verma while allowing a plea by an Army officer seeking divorce from his estranged wife. He had sought directions to set aside the judgment dated December 11, 2018, passed by the principal judge, family court, Ambala that had dismissed his plea for divorce.

The couple was married in November 2010. In the month of May 2011, the wife left the company of the appellant and went to her parents' house on the pretext of getting admission for her doctoral studies. When the husband requested her to come back, she refused to accompany him. All the efforts made by the husband and his relatives went in vain. The woman, however, claimed that her husband had deserted her. The Ambala family court after considering the averments of both the parties, dismissed the divorce petition filed by the man under Sections 12 and 13 of the Hindu Marriage Act, 1955.

According to the petitioner husband, his wife was making various complaints to his superiors in the Army so that his career progress was adversely affected. She wrote a letter, dated November 29, 2013, to the then Chief of Army Staff levelling serious allegations against the appellant regarding demand of dowry, non-maintenance, and harassment by the appellant and his family members. She requested that strict disciplinary action may be taken against her husband. She also made various complaints to other authorities and posted defamatory material on other platforms. The net outcome was that the husband’s career and reputation had suffered.

The wife, however, had contended that she was pursuing her legal remedies in accordance with the law. The issue for consideration in the present appeal was whether the relationship of the husband and wife has come to an end and if the respondent-wife is not ready to give mutual divorce to the appellant husband, whether this act of her, would amount to cruelty towards the husband, keeping in view the fact that she is not staying with her husband for the last 10 years and there is no scope that they can cohabit as husband and wife again.

After hearing both the parties, the high court observed that once the parties have separated and separation has continued for a sufficient length of time and any one of them presented a petition for divorce, it can well be presumed that the marriage has broken down. “The court, no doubt, should seriously make an endeavour to reconcile the parties; yet, if it is found that the breakdown is irreparable, then divorce should not be withheld. The consequences of preservation in the law of the unworkable marriage that has long ceased to be effective are bound to be a source of greater misery for the parties. In the present case, the husband and wife have been living separately since May 2011. Firstly efforts were made to resolve the matrimonial dispute through the process of mediation, which is one of the effective modes of alternative mechanism in resolving the personal dispute but the mediation failed between the parties,” observed the HC.

On the woman’s argument that she was pursuing her legal right against the husband, the HC observed that her explanation that she made those complaints in order to protect the matrimonial ties would not, in our view, justify the persistent effort made by her to undermine the dignity and reputation of her husband.

The HC also observed that the conduct of the woman in filing a complaint making unfounded, indecent, and defamatory allegations against her mother-in-law, who is suffering from cancer, indicates that she made all attempts to ensure that the appellant and his parents are put in jail and the appellant is removed from his job. “We have no doubt that this conduct has caused mental cruelty to the appellant-husband,” observed the HC while allowing the husband’s plea for divorce.

Vladimir Putin's Marriage Proposal Was So Bizarre, His Ex-wife Thought He Was Dumping Her

 Highlights

Putin tied the knot with Shkrebneva in 1983, and the couple has two daughters - Mariya Putina and Katerina Tikhonova.

In the year 2000, Putin released a biography titled First Person: An Astonishingly Frank Self-Portrait by Russia's President which featured several interviews with him and those closest to him.

One of those interviews featured Shkrebneva who shared some details of their relationship.

Russian President Vladimir Putin's ex-wife Lyudmila Shkrebneva once revealed that his marriage proposal was so bizarre that she thought he was breaking up with her.

Putin tied the knot with Shkrebneva in 1983, and the couple has two daughters - Mariya Putina and Katerina Tikhonova.

The Russian president has always been discreet about his personal life. However, the couple had announced they were getting divorced in 2013. 

wife

The Teal Mango

In the year 2000, Putin released a biography titled First Person: An Astonishingly Frank Self-Portrait by Russia's President which featured several interviews with him and those closest to him. One of those interviews featured Shkrebneva who shared some details of their relationship.

She said that she didn't think much after going on a double date with a "poorly-dressed" Putin, but the pair kept in touch after he gave her his phone number. They later fell in love. After three and a half years, Putin proposed, but his less-than-romantic way made Shkrebneva think that she was being dumped. 

wife

Gold Coast Bulletin

She told the interviewer, "One night we were sitting in this house and he said, You know what kind of person I am by now. In general, I'm not very easygoing.' He was being self-critical. He explained that he was the silent type; that he was rather abrupt in some things and he could even insult people, and so on."

Shkrebneva recalled, "He was saying that he was a risky life partner. And he added, 'In three and a half years, you have probably made up your mind.' It sounded to me like we were breaking up. 'Yes, I've made up my mind,' I said. He let out a doubtful, 'Yes?'" 

She added, "Then I was sure that that was it, we were breaking up. But then he said, 'Well then if that is the way it is, I love you and propose we get married.' So it all came as a complete surprise to me."

wife

BBC

Now, that self-claimed "not so easygoing" person ordered Russian troops to invade Ukraine 17 days ago which has led to a drastic loss of life and property. 

Pune: On the day of love, couples make a beeline at marriage registrar’s office to tie the knot

 PUNE: The buzz was unmistakable as couples flocked the marriage registrar’s office at Agarkar Nagar on Monday. They all wanted wedlock on Valentine’s Day.

“We always get more candidates for marriage on February 14 and Akshay Tritiya every year. Usually, we register 30-35 marriages per day but twice the number of these two days. Since the marriages are by appointment and we get more applications for special dates, we stay open for two hours longer than usual,” said an operator at the office.

After opening at 10am, catering to the crowd delays closing time from the usual 5-5.30pm to 7pm on Valentine’s Day.

Rounak Sethi, who runs a marriage bureau and wedding management company, said, “Even ward offices are crowded with couples wanting to get their marriages registered on February 14. Each group has at least five members — the bride, groom and three witnesses. But in most cases, more than five people, including friends and family, come along to celebrate, forming a crowd at the offices.”

As friends joshed bride Nikita Wankhede about falling prey to a cliché as the couple waited to file paperwork, she said, “There’s no cliché behind choosing this date. It is a good day, with usually good weather this time of the year, and a date that is easy to remember.”