Mumbai: Nearly 100 containers that fell into the waters following the collision between two merchant vessels off the Mumbai coast, earlier this month, are still missing and two of them are carrying hazardous chemicals, reports PTI.
"The salvage operation is underway. About 100 out of the total 250 containers are yet to be traced from the waters," Rahul Asthana, chairman of Mumbai Port Trust, told PTI.
Two of the missing containers are carrying hazardous chemicals and efforts are on to locate and retrieve them, he said.
Two merchant vessels-MSC Chitra and Khalijia-III-collided off the Mumbai coast on 7th August causing an oil spill. Several containers from one of the vessels fell into the sea.
While the motive behind the idea of home education is noble, the commercials are extremely boring and unwatchable
So, Tata Sky has decided to diversify into the education sector. No, they aren't opening up schools and colleges in the country (the politicians are the ones who are allowed to 'pioneer' those these days), but they promise to bring education into your own homes. With their 'private tutorial' classes on the idiot box. The packages are interactive and called Actve Wizkids, Actve Stories, Actve Learning and Actve English. Clearly targeted at the kids, but also focussing on housewives who would like to brush up on their angrezi when the husband is away at work (or whatever else).
Tata Sky has launched a set of new television commercials to promote these packages. The first one features their highly educated (and highly paid) brand ambassador Aamir Khan. And he preaches, while fooling around with his squash racket, about how classrooms are changing in this country. And that now there's no need for benches, desks, classrooms, pin-drop silences, etc. The other ad features a bahu who proudly declares her dear saas will now learn English at home (bad news for Ekta Kapoor… who'll torment the bahu now?). And then the naughty kids have their say on their new 'classrooms'. All are happy that there shall be no corporal punishment anymore (well, not in so many words).
While the motive behind the idea of home education is noble, the commercials are extremely boring and unwatchable. Quite shocking, that this sort of drivel is coming from a brand that otherwise dishes out pretty witty and funny ads for its entertainment packages. I think all the suits on the client's and the agency's side pulled up their ties because the subject is education, and decided that it's safe to get serious and preachy. Bad idea, that. They forgot the age-old adage: TV commercials must never bore viewers, whatever be the subject in question. Because you don't just compete with other ads for viewer attention, you also have to battle TV programming, toilet breaks, family conversations, Twitter, Facebook and other numerous distractions.
And surely there's a creative way to make education fun. In fact, given that their proposition itself is that Tata Sky makes learning fun, it's strange why they must make their communication so dull. Especially when they have the creative Aamir Khan on their payroll.
Perhaps Aamirbhai was having a really bad hair day? Born entertainer that he is, it's unbelievable that he would have missed boredom when he read the script.
Punters are hoping for massive value unlocking in Bombay Dyeing, Raymond, Century Textiles, Alok Industries and Provogue, among other companies
A lot of textile stocks including Raymond, Bombay Dyeing, Century
Textiles & Industries, Provogue India, and Alok Industries seem to be rising not because of any change in their fundamental business, but based on the land parcels they own and want to develop — of course, Indiabulls’ extravagant purchase of NTC’s land parcel must have helped. Even so, the pace of the rise in some of the stocks is stunning.
In Raymond’s case, the whole excitement seems to be around a Business Standard report that it will arrive at a new settlement with its Thane mill workers that will allow it to use the mill’s 126 acres for realty development. The mill is non-operational since December. Raymond had wanted to pay the Thane workers Rs1.6 billion while the mill workers are pressing for twice that amount. The Maharashtra government had also stepped in on the workers’ behalf threatening Raymond with nationalisation.
However, a ray of hope has now opened up for both the workers and Raymond in the form of the Thane Municipal Corporation, which is likely to offer it additional floor space index for the redevelopment of some slums on a portion of its property. Raymond will probably agree to pay the mill workers more than it was initially prepared to only out of the proceeds of the redevelopment — but this solution seems to be acceptable to the government, too, which was initially vehemently opposing Raymond’s realty plans. The meeting to discuss this is to be held tomorrow — expect more action around the stock. Around the same time last year, Raymond had announced its realty plans but it had talked of 15-20 acres of surplus land, which was not a part of its factory. However, the stock languished between Rs170 and Rs250 until 5th August, when it started its phenomenal up-move. Since then, the stock has risen from Rs240 to almost Rs400. On 13th August, HDFC Mutual Fund bought 997,596 shares of Raymond at Rs364.
Bombay Dyeing shares started rising a little before Raymond. From 2nd August, the shares have risen from around Rs550 to almost Rs700 now.Chairman Nusli Wadia had said at its AGM last week that the company was focusing harder on its real-estate business and was looking at this business to clear off it Rs18 billion debt. The company’s real-estate business was Rs5.6 billion in FY10, twice as much as in FY09. Bombay Dyeing has a 67-acre land bank in Mumbai. Its textile business has been incurring losses for quite some time now — late June, RIL was said to have purchased its 165,000tpa polyester unit for Rs3 billion. This is not confirmed by the company.
Bombay Dyeing is also believed to have sold property to Axis Bank for
Rs7.8 billion in May — again not confirmed by the company. BD has apparently relocated its textile mills to Pune and is planning two real estate projects on the freed land in central Mumbai. The general belief is that it has the potential to develop almost 8 million sq ft of land in central Mumbai.Century Textiles is already in the process of building two commercial buildings on its 16 hectares in Worli in Mumbai.
Alok Industries is planning to sell its real estate in Mumbai to cut its debt and apparently expects around Rs7 billion (expectations may have risen after the recent Indiabulls deal where it bought just 8.3 acres of land from National Textile Corporation in Worli for a whopping Rs15 billion). The shares of Century Textiles have moved up from almost Rs450 to Rs500 while Alok Industries is steady at Rs20. Provogue, which plans to develop real estate in Tier-II cities, has risen from Rs58 to Rs67. Among other stocks with embedded real estate value is DCM. The Punjab and Haryana High Court recently cleared 250 acres of land for sale from its closed unit.