Thursday, March 31, 2022

10:55 PM

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

Saregama Carvaan Gold

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.

Wednesday, March 30, 2022

10:46 PM

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10:40 PM

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10:23 PM

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Monday, March 14, 2022

11:04 PM

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.

Sunday, March 13, 2022

10:55 PM

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.



10:52 PM

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.