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Mumbai, <keyword id="21027898" type="General" weightage="20" keywordseo="indian-real-estate-investment-trust" source="keywords">Indian Real Estate Investment Trust</keyword> (REIT) industry on Wednesday pitched for the entities to get access to direct bank lending and classification as equities. At present, such vehicles can issue bonds or borrow from non-bank lenders or mutual funds, but are prohibited to borrow from banks, said the <keyword id="21027897" type="General" weightage="20" keywordseo="indian-reits-association" source="keywords">Indian REITs Association</keyword> (IRA), a newly formed umbrella body for the five-year-old sector, which comprises four listed entities. The body's Chairman and Embassy REIT's Chief Executive <keyword id="21027895" type="General" weightage="20" keywordseo="arvind-maiya" source="keywords">Arvind Maiya</keyword> told reporters it is in touch with the RBI (<keyword id="19899810" type="General" weightage="20" keywordseo="reserve-bank-of-india" source="keywords">Reserve Bank of India</keyword>) for allowing banks to lend to such vehicles. The real estate industry is asset-heavy and needs funds regularly to buy assets for which it should be allowed to borrow directly from banks, he added. Typically, banks have access to deposits which brings down the cost of funds, and hence, the cost of borrowing can become softer for a borrowing entity. <keyword id="21027894" type="General" weightage="20" keywordseo="alok-aggarwal" source="keywords">Alok Aggarwal</keyword>, the Managing Director and Chief Executive of Brookfield India Real Estate Trust, said, at present REITs are classified as a "hybrid" instrument which creates confusion in the minds of the investors. <keyword id="21027896" type="General" weightage="20" keywordseo="maiya" source="keywords">Maiya</keyword> said classification as equities will lead to passive money coming into REITs as the instrument gets included in indices. Other geographies like Singapore, which has inspired the Indian REIT regulations, as well as the US, treat the instrument as equity, he said, stressing that all the features of the instrument are similar to equity. An industry participant said the tax advantages which it gets courtesy of the hybrid status will continue even if it is classified as equity, while another hoped that it can also get gains from a taxation front courtesy of the Long Term Capital Gains (LTCG) which is applicable for equity. The IRA said there are lots of opportunities for the REITs sector to grow in the country, both from a supply side, where the demand for real estate is bound to keep growing and also on the demand for such instruments as Indians look for newer asset classes. <keyword id="20375329" type="General" weightage="20" keywordseo="ramesh-nair" source="keywords">Ramesh Nair</keyword>, the Chief Executive of Mindspace REIT, said the <keyword id="20069427" type="General" weightage="20" keywordseo="global-capability-centres" source="keywords">Global Capability Centres</keyword> (GCCs) of multinationals alone present a very handsome opportunity for the REITS story in the country. Citing the experience in the US, industry executives said there will be dedicated REITs for specific aspects like warehousing and residential properties. When asked about the lack of demand in the residential space till now -- three Indian REITs are in commercial space while the fourth is in retail -- an industry executive said the yields are very low at 2-3 per cent which prevents REITs' play. Nair said the sector wants to reach out to mutual funds' lobby grouping Amfi to learn and partner with them, given that the REIT's current priority is also to create awareness among the investors.

Real estate investment trust pitch for direct bank lending, classification as equity

New Delhi [India], July 11 (ANI): <keyword id="21467964" type="General" weightage="20" keywordseo="Indegene" source="keywords" meta.keywordsubtype="org" meta.entityname="Indegene" meta.hostid="266" meta.entityid="Indegene">Indegene</keyword> partnered with <keyword id="19895622" type="General" weightage="20" keywordseo="Microsoft" source="keywords" meta.keywordsubtype="org" meta.entityname="Microsoft" meta.hostid="266" meta.entityid="Microsoft">Microsoft</keyword> on Thursday to leverage <keyword id="19896272" type="General" weightage="100" keywordseo="Generative-AI" source="keywords">generative AI</keyword> for the <keyword id="21988347" type="General" weightage="20" keywordseo="medical-industry" source="keywords">medical industry</keyword>, the company informed the exchange in a filing. The partnership aims to help empower global <keyword id="19992819" type="General" weightage="20" keywordseo="life-sciences" source="keywords">life sciences</keyword> companies to scale up the adoption of enterprise-grade Generative <keyword id="6355999" type="General" weightage="20" keywordseo="AI" source="Orion">AI</keyword> (GenAI) services, driving faster innovation. Indegene provides digitally enabled commercialization services for the life sciences sector, emerging biotech, and medical device firms. "GenAI presents a once-in-a-decade opportunity for life sciences companies to modernize business processes and reimagine the effectiveness and efficiency of their operations throughout the value chain. Using GenAI, we're closely working with many of our clients to solve specific business problems, with nearly 50 real-world use cases already in an advanced pilot stage", said Tarun Mathur, CTO, of Indegene. Both companies have committed to developing resources in highly specialized medical and technology tools to co-innovate generative <keyword id="20411515" type="General" weightage="20" keywordseo="AI-services" source="keywords">AI services</keyword> and workflows across commercial, medical, regulatory, and clinical functions. "With a focus on the right use cases, a responsible and compliant approach to scaling up, and shared learnings, we put generative AI to work for our clients", added Tarun. Under the agreement, one of the key initiatives is the Content Super App, which uses Azure OpenAI Service. This modular content value chain simplifies content creation and tagging for life sciences companies, offering a comprehensive view of the content process. It enhances content creation speed, personalizes content, and introduces new conversation formats. Additionally, it streamlines creative and video transformation, effectively engaging healthcare professionals, patients, and payers. Generative AI capabilities are also revolutionizing the medical content value chain. Indegene's solutions accelerate the authoring of key documents like Clinical Study Reports (CSRs) and Protocols by sourcing content from relevant literature. This ensures compliance across clinical and regulatory domains. "Generative AI is profoundly shaping every industry, including life sciences, by offering unprecedented avenues for <keyword id="21146848" type="General" weightage="20" keywordseo="healthcare-technology" source="keywords">healthcare technology</keyword> advancements. According to a Microsoft-commissioned study conducted by IDCi, a staggering 79 per cent of healthcare organizations have now embraced AI. This demonstrates that the tangible business value of this transformation is indisputable" said Alok Lall, Chief Operating Officer, Microsoft India &amp; South Asia. In terms of data management and analytics for clinical trials, Indegene's solutions, using Microsoft Fabric, enhance data ingestion and refinement processes. It also facilitates effortless reporting and ensures governance. The company added that the agreement results in proficient analytics, compliance adherence, and agility in business operations, providing a competitive advantage in the marketplace.

Indegene ties up with Microsoft to leverage generative AI for the Medical Industry, drive faster innovation

<ul><li>Shares of textile companies gained as investors cheered the government’s approval for the <keyword id="8940266" type="General" weightage="20" keywordseo="production-linked-incentive-scheme" source="Orion">production linked incentive scheme</keyword> (<keyword id="53367" type="General" weightage="20" keywordseo="pli" source="Orion">PLI</keyword>) for textile.</li><li>The scheme is reportedly expected to provide employment to 7.5 lakh people.</li><li>Analysts believe some quality textile stocks will continue to rise for a few more trading sessions.</li></ul>A few textile company stocks gained on Wednesday as investors cheered the government’s approval for the production linked incentive scheme (PLI) for the textile industry in India. Under the scheme, incentives worth ₹10,683 crore will be provided over five years to the sector. The move is positive for the sector and the economy as it will help bolster domestic manufacturing, boost employment and scape up exports. The scheme is reportedly expected to provide employment to <a href="https://www.ndtv.com/business/incentives-worth-over-rs-10-000-crore-approved-for-textiles-sector-payout-to-be-spread-over-5-years-2533900">7.5 lakh people</a>. PLI scheme typically provides incentives to companies for enhancing their domestic manufacturing apart from focusing on reducing import bills and improving the cost competitiveness of local goods. The news led to a rise in shares of the textile companies like <keyword id="70578" type="General" weightage="20" keywordseo="alok-industries" source="Orion">Alok Industries</keyword>, <keyword id="6362630" type="General" weightage="20" keywordseo="arvind" source="Orion">Arvind</keyword>, <keyword id="3438494" type="General" weightage="20" keywordseo="deepak-spinners" source="Orion">Deepak Spinners</keyword> and others. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Textile companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Share gain </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Alok Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.87% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Arvind </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.26% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Deepak Spinners </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Trident </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4.87% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Nitin Spinners </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4.27% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Siyaram Silk Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.46% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Grasim Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">1.64% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Gokaldas Exports </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">1.58% </td></tr></tbody></table> Analysts believe some quality textile stocks will continue to rise for a few more trading sessions. Saurabh Jain of SMC Global Securities <a href="https://www.livemint.com/market/stock-market-news/textile-stocks-experts-recommend-these-shares-after-pli-scheme-approval-11631092694705.html">reportedly </a>said, “As the cabinet approval for PLI scheme to the <keyword id="45095" type="General" weightage="20" keywordseo="textile-sector" source="Orion">textile sector</keyword> has been announced, some quality textile stocks are expected to extend this rally in upcoming trade sessions as well.” The Indian textiles and apparel industry is one of the largest in the world and is also a key contributor to India’s export, as it contributes 12% to export earnings and 2% to the GDP, according to Indian Brand Equity Foundation, a government’s export promotion agency. Meanwhile, some of the textile company stocks have been rising in the last five trading sessions in anticipation of the PLI scheme and hence did not react today. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Textiles companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in 5 days </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">KPR Mills </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10.52% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Welspun India </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.57% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Vardhman Textiles </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.98% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Indo Count Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13.42% </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sbi-life-icici-prudential-life-among-analysts-top-picks/articleshow/86035243.cms">More consolidation may happen in insurance sector going ahead; SBI Life, ICICI Prudential Life among analysts top picks</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/stock-market-experts-like-raamdeo-agrawal-of-motilal-oswal-group-and-biju-samuel-of-elara-capital-say-that-the-benchmark-index-will-continue-to-rise/slidelist/86030450.cms">Some of India’s biggest investors are nervous but not everyone wants to leave the party</a>

Alok Industries, Arvind, Deepak Spinners, Trident gain on PLI for textiles sector, analysts expect the rally to continue

New Delhi, Nov 20 () The National Company Law Appellate Tribunal(NCLAT) has allowed Reliance Industries to delist textile manufacturer Alok Industries, which it has acquired through insolvency process.
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has modified the order passed by the National Company Law Tribunal (NCLT), Ahemdabad, which denied such permission.
While approving Rs 5,052-crore bid of RIL for Alok Industries on March 8, 2019, the NCLT did not give its approval to RIL's plea for granting exemptions for delisting of Alok Industries' shares from the bourses. Later, RIL again sought permission, but was denied on July 26, 2019.
"The Appellant (RIL) is directed to comply with the plan forthwith," said the NCLAT.
The appellate tribunal observed that Securities and Exchange Board of India (Sebi) in its affidavit had also said that there is no requirement for permission of the market regulator for such delisting.
"In view of the specific plea taken by the 'SEBI' - 3rd Respondent, no further clarification is required. The 'Resolution Applicant' will act in accordance with the stand taken by the 'SEBI' and in accordance with law, if not yet taken.
"The order dated July 26, 2019 passed by the Adjudicating Authority (Ahmedabad Bench) stands clarified/modified to the extent above," the appellate tribunal said.
The NCLAT order came over a petition filed by RIL, challenging the NCLT order.
The NCLT in its order dated July 26, 2019 said: "that approval of this bench (NCLT) in respect of Face Value Reduction and the Promoter Capital Reduction is/are dispensed with, however the applicant shall approach to the Competent Authority(s) viz MCA and SEBI and any other competent authorities, as the case may be for necessary compliances".
As RIL relied on the Sebi amendment notification with regard to delisting of shares, the NCLAT had earlier on September 11 impleaded Sebi and on October 15 granted the regulator seven days to file a reply affidavit to make its stand clear about the amendment related to delisting of shares.
Last year, Sebi relaxed requirements to comply with delisting norms for companies facing insolvency proceedings provided the resolution plan lays down the procedure for delisting that particular entity from the exchanges.
In a notification, the markets regulator had said norms pertaining to delisting of equity shares would not be applicable to any entity that is getting delisted pursuant to a resolution plan approved under the IBC.
The notification was issued on June 1.
Alok Industries, a Mumbai-based textile company, was in the first list of 12 companies issued by the Reserve Bank of India in 2017 for initiation of insolvency process. KRH BAL

NCLAT approves delisting of Alok Industries

<ul><li>The final COP26 Glasgow Climate Pledge has arrived, with 197 nations promising to phase coal “down” but not “out”.</li><li>The wording is a “green light” for coal mining in Australia, Nationals Senator Matt Canavan said Monday.</li><li>The federal government also says its heavily criticised 2030 emissions reduction target is “fixed”. </li></ul>This article is written by David Adams and was published originally on Business Insider Australia. Senior Coalition and Labor Party figures have welcomed the final outcome of the <keyword id="12535241" type="General" weightage="20" keywordseo="Glasgow-COP26-climate-summit" source="Orion">Glasgow COP26 climate summit</keyword> and its loose commitment to “phase down” the use of coal, as environmentalists, investors, and industry analysts call for sharper action to avoid the most devastating consequences of global warming. The landmark COP26 conference drew to a close on the weekend, culminating in a last-minute bargaining session between the 197 nations over the precise wording of the Glasgow Climate Pact. COP26 was billed as one of the world’s last opportunities to wind down fossil fuel use and lock in carbon emission reduction commitments, with the goal of keeping global temperatures from rising above 1.5 degrees Celcius. But <a href="https://www.businessinsider.com.au/cop26-concludes-with-agreement-to-phase-down-coal-2021-11?r=US&amp;IR=T">the final Glasgow Climate Pact </a>includes a pledge to “phase down” the use of coal, after several parties, led by India, pushed to change the wording from “phase out”. Critics believe that wording will effectively permit coal as a fuel source for years to come, despite the global scientific community calling for the urgent cessation of fossil fuel use. <keyword id="6365102" type="General" weightage="20" keywordseo="Alok-Sharma" source="Orion">Alok Sharma</keyword>, UK president of COP26, tearfully apologised for the final statement. “I am deeply sorry,” Sharma told delegates on Sunday. “I also understand the deep disappointment. But I think as you have noted, it’s also vital that we protect this package.” The final agreement means the world has “kept 1.5 degrees alive,” Sharma added. “But, its pulse is weak and it will only survive if we keep our promises and translate commitments into rapid action.” The reception was somewhat more upbeat in the Coalition on Monday morning, as senior politicians celebrated wording likely to support Australia’s massive coal export industry. Speaking on “Sunrise”, Deputy Prime Minister Barnaby Joyce supported the wording of the final pledge, while maintaining that coal exports are vital to the national economy. “We have to be very mindful that our exports of our fossil fuels supports your pension, supports your health system, supports your police system,” he said. Joyce’s parliamentary colleague, Nationals Senator Matt Canavan, said the final wording was a “green light” for further coal mine development in Australia. “That’s what brings people out of poverty and that’s why countries like India wouldn’t sign up to coal being consigned to history,” he told “Today”. Outspoken Labor MP Joel Fitzgibbon agreed with that sentiment, telling “Sunrise” the final agreement was a “good outcome. “It’s a good outcome for those developing countries who will desperately need our relatively efficient fossil fuels over many decades to bring them out of poverty and help them build their own cleaner economies,” he said. The Glasgow Climate Pact also asks signatories to “revisit or strengthen” their 2030 emission reduction targets next year. Climate scientists maintain that deep emissions reductions are needed by the end of the decade if humanity is to keep climate change in check. The federal government was lashed for the plan it took to Glasgow, which vowed to reduce emissions by between 26% and 28% by 2030, well under targets set by the UK and the US. However, Foreign Minister Marise Payne and Minister for Industry, Energy and Emissions Reduction Angus Taylor have already said that plan is “fixed”. “We are committed to meeting and beating it, as we did with our Kyoto-era targets,” they said in a joint statement on Sunday. With COP26 done and dusted, industry analysts say the climate pact could have been far stronger. “The final agreement in Glasgow is a helpful step forward if limited in its ambition,” said John O’Brien of Deloitte’s energy transition &amp; decarbonisation sector. O’Brien hailed the mobilisation of <a href="https://www.businessinsider.com.au/australia-banks-insurers-cliamte-change-cop26">$174 trillion in global capital to address the threat of climate change</a> and the opportunities of a just transition. He also noted the commitment of <a href="https://www.businessinsider.com.au/g20-climate-statement-australia-coal">some nations to phase out coal by 2040.</a> However, “the final changes in wording from ‘phasing out’ to ‘phasing down’ the use of coal will be heavily criticised for failing to secure a 1.5 C goal,” he said. Weak COP26 commitments may leave Australian companies exposed during the “inevitable” green transition, said Rebecca Mikula-Wright, CEO of the <a href="https://www.businessinsider.com.au/climate-plan-institutional-investor-igcc-jana">Investor Group on Climate Change.</a> The group has long warned that Australian firms could fall out of favour in the eyes of international capital due to the nation’s lagging emission reduction targets. “Global capital is ready to deploy trillions to the zero emissions transition, but more governments need to provide clarity and back up their 2050 commitments with stronger 2030 targets,” she said. “Climate risk is investment risk.”

Here's why Alok Sharma, the UK COP26 President, apologised for the final agreement in Glasgow

<ul><li>As different markets slowly open up, the cinema industry is gearing up to facilitate a safe environment for their consumers. </li><li>However, consumers continue to feel anxious about stepping out and ponder upon various safety concerns like what would the seating arrangement be like, how often will they sanitize the cinema halls and how safe will the food be? We spoke to multiplexes to find out the answers.</li></ul>The world is constantly changing and will not be the same after we come out of this situation for a while. Like every other industry, the experience of watching a film in theatre with a large set of audience might not be the same either. As the pandemic-induced lockdown has pushed us towards subscribing to more streaming platforms, the latest movie premiers on Amazon Prime in India left the industry concerned for the future of cinema. However, contrary to the perception being built in the trade and media, Ormax Media’s latest report revealed that high consumption of films on TV and OTT has not reduced the audience attraction for theatrical experience. The report further said that audiences have given whole-hearted endorsement to the theatrical experience, with 82% missing going to the theatres. A dominant section of the audience also said that they will go back to the theatres within 2-3 weeks of them re-opening. Social distancing and sanitization precautions taken by theatres will play a crucial role in their decision to visit. On a scale of one to 100, the respondents gave high importance to almost all safety measures, which were as follows: <div type="image" title="ormax media report - safety concerns" msid="76042822" hostid="261"></div> Multiplexes have, therefore, put their best foot forward to ensure they build a safe environment and tweak their marketing strategy to reach to their consumers at different touch points in their ticketing journey. We caught up with <keyword id="799" type="CITY" weightage="20" keywordseo="PVR">PVR</keyword>’s Joint Managing Director, Sanjeev Kumar Bijli and <keyword id="6407732" type="COMPANY" weightage="20" keywordseo="inox">Inox</keyword> Leisure’s CEO, Alok Tandon to find out what kind of precautions they have taken to build customer confidence for their return to the cinemas.and what would the future of the industry look like once we resume normalcy. The future is contactless As per Federation of Indian Chambers of Commerce and Industry (FICCI), all cinema halls are required to disinfect every possible area in the premises starting from the entrance to F&amp;B stand to the auditorium. To ensure a safe distance is maintained, theatres will be demarcating circles in the foyer and encourage digital transactions to avoid queuing. Before you enter the hall, your body temperature will also be checked through guns, and if found with a high temperature, your amount will be refunded. In regular auditoriums, families and groups will be seated together and one adjacent seat would be left empty. Luxurious halls that come with existing width between each recliner seat, will not have to leave a vacant seat in between. Use and throw 3D glasses will be distributed and premium IMAX 3D glasses will be disinfected after every use. <div type="image" title="cinema screen" msid="76042795" hostid="261"></div> But what about impulsive watchers? “To offer a contactless experience to those guests who make an impulsive decision to watch a movie, I am glad to share that 100% of our POS card machines are enabled for contactless transactions,” shares Tandon. To help detect asymptomatic cases, PVR has tied up with a hospital, name not disclosed to the media yet, to arrange body check-ups for their employees once or twice a week. Reviving back to its full strength Both Tandon and Bijli are certain that the audiences’ passion for cinema will remain unaffected. They opine that the future of cinema is secure and stable. “We will now assign greater significance towards understanding the needs and aspirations of the fast evolving consumers and working out ways to satisfy them, through services and experiences, and of course, safety. We will continue to focus on customizations and personalization, and we know that a cookie-cutter approach may not work, and I am glad that we are well equipped to handle it. The liking for the giant screen has stood the test of time and has seen through many difficult phases in its century old history. We believe this passion will take care of the concerns and apprehension and will bring back the ‘old normal’, which featured gangs coming together, seated hand in hand, sharing popcorns, having celebrations over lip-smacking meals and above all, a heavy exchange of emotions,” said Tandon. “The future of cinema in the post-COVID world is very bright,” said Bijli. He added, “We are all just waiting for cinema to open to showcase our new protocols on safety and hygiene to give confidence to the consumers that it is safe place to come back and enjoy their favourite form of entertainment -- as and when we do open, which I feel is not very far from now. Industries are opening up slowly, we are seeing more relaxations now. Before COVID, 60-65% of the tickets were bought online and we’ll continue to push that.” To engage with their consumers and make sure they trust them, Bijli shared that PVR is going to communicate the precautions it has taken via digital media and might explore print if it picks up. It has also conducted an email survey amongst its consumer base to understand their expectations better and continue to engage with them. How long till we see the old normal? We reached out to a few industry experts to understand how long it will take for cinema to revive considering that a lot of people will continue to avoid crowded places. Shailesh Kapoor, CEO, Ormax Media highlighted that multiplexes will need to strengthen their marketing strategy to regain trust among consumers. He said, “Cinemas will reopen at some stage, but it's difficult to say when. The most optimistic estimate will be August, but it could be as late as Sep-Oct. Theatre chains will have to build confidence in the audience's minds that it is safe to revisit theatres. For this, theatres will need to take safety measures and do campaigns promoting these safety measures. Bigger chains like PVR and INOX will be able to get more audience trust than smaller chains and local cinemas.” Harikrishnan Pillai, CEO and co-founder, TheSmallBigIdea thinks creation of content will not be a problem but changing the distribution and pricing strategy will play a key role in luring the consumers onto different platforms. “While creation will have its challenges, it is still a smaller hurdle. The future of cinema depends on how distribution and pricing is handled. I think new pricing models will evolve. Producers have always been selling satellite and overseas and have covered a part of their cost. OTT rights was a new norm that added to this revenue. With an OTT-first release, these films could command a premium. But that premium won't cover the loss made by muting the biggest distribution channel, which are the theatres. So theoretically revenue loss is imminent. But here’s the twist. When you make a film, there is a chance of it tanking at the box office. So if the film is sold outright to a platform on the back of the star cast and the perception, there is a possibility that the producers will end up hedging possible losses. Big films with big star cast might go for models where they will have a fee and a percent of new downloads or have a completely different pay per view model being developed with the OTT platform and make it the new box office window.” Karan Taurani, Vice President - Research Analyst, Elara Capital said that the cinema industry will take a lot of time to come back on-track and contactless will be its future. “When cinemas open up, they will start with 10% occupancy and slowly move to 15-20% and peak out at 25%. I think social distancing will prevail until there is a vaccination or a cure,” said Taurani.

Here is how multiplexes are gearing up for post-lockdown period

<ul><li>Founded in 1997 as an outdoor agency, <keyword id="2911687" type="PERSON" weightage="20" keywordseo="Laqshya-Media-Group">Laqshya Media Group</keyword> has today diversified its offerings to events, digital and experiential marketing.</li><li>With revenues of Rs 500 crore currently, the organization is eyeing revenues of Rs 2,000 crore in the next 5 years.</li><li><keyword id="2406965" type="PERSON" weightage="20" keywordseo="Atul-Shrivastava">Atul Shrivastava</keyword>, Group CEO and Executive Director, Laqshya Media Group tells us about the organization’s roadmap ahead.</li></ul> Today, travelling to and from our workplaces take up a lot of our time, especially when you live in a crowded metro city. If a recent report by MoveInSync is to be believed, on an average, Indians spend 7% of their day in commuting to their workplaces. With more and more people spending more time outside their homes, out-of-home (OOH) advertising presents a huge opportunity for brands to come up with larger-than-life communications and hook on the audience with its messaging. It therefore doesn’t come as a surprise that the Indian outdoor industry has been seeing a steady growth of between 10-11% in the past few years. According to Statista, the industry is expected to become worth Rs 5,200 crore by 2024. The past few years have also seen many new-age brands from OTT and e-commerce spend big bucks on OOH, realizing the potential of the medium. Laqshya Media Group has been a part of the OOH ecosystem for 20 years now and has worked for an impressive roster of brands over the years that include Maruti, LG, Quikr, Myntra, Shopper Stop, Platinum Guuild, a Tanishq and Flipkart, among others. We recently caught up with Atul Shrivastava, Group CEO and Executive Director, Laqshya Media Group who tells us that the organization that is right now bringing in Rs 500 crore revenue is eying a revenue of Rs 2,000 crore by 2024-25. He tells us about the organization’s roadmap ahead, its growth strategy, and the role that data and technology will play to make the overall ecosystem more robust and accountable. Edited excerpts: Q) 2019 was a year of slowdown for the economy. How was your performance and what are your expectations from 2020? 2019 was a complete roller coaster year. The year was full of surprises and equal shudders. Mega media events like Indian Premier League, the General Elections, and the Cricket World Cup brought some cheer while, there was a bit of cautious spending visible during the onset of Q3. However overall, it was a decent year for us. The growth definitely wasn’t what we expected but we still managed to grow by 15% compared to last year. We are better prepared for 2020 and the year looks promising and we look forward doing some great stuff as the year progresses. Q) Laqshya Media Group is currently operating at revenues of Rs 500 crore. Where do you want to be in the next few years? Right now we are operating at Rs 500 crore and we are targeting Rs 2,000 crore revenue by 2024-25. It all starts with a vision, followed by a plan. We have followed the simple steps of firstly identifying the opportunities and then going after them aggressively. This has led the company to diversify into many other verticals like Digital Marketing, Experiential Marketing, Events and creative apart from advertising through every format. The markets are conducive, infrastructure and opportunities are good and all our verticals are doing great work and projects individually. We continue to believe in the ‘One Laqshya‘ philosophy. Our teams across verticals breed the common passion and belief of ‘Business with Ethics’, it is this that makes us different and we will continue to hold on to it as we spread our wings. Q) Laqshya launched its in-house tool, ‘SHARP’ (Strategic Hyperlocal AI-powered Reach Planner) in 2019. Tell us a bit about how the tool has helped in making your campaigns more effective? SHARP is a first-of-its-kind state-of-the-art planning tool for measuring the effectiveness and media value of Outdoor campaigns. It’s a tool we have developed in-house that allows brands to target the right audiences with reach or budget as an objective for an OOH campaign. Our clients have benefitted immensely from the science and technology that has gone in all the recent campaigns that we have executed for them. SHARP combines diverse data points involving geo-tagged OOH formats, traffic study by a global research agency, multiple databases to arrive at the current profiles of resident and transit population; panel rating points and various other factors, with data on thousands of sites comprising multiple OOH formats. The OOH tool relies on machine learning to deliver AI-optimized recommendations. In short, with this tool, the days of gut feel is over. What we are giving our clients with this software is a full-fledged and full proof ROI. Q) What role will data and technology play in taking Indian OOH to the next level? The future of OOH is only about using the right technology and big data. There’s no dearth to the extent of data available for targeting. The customized level of geo targeting possible is unimaginable. All these and more can be easily executed in the ambit of the rules laid by TRAI on data privacy. Communication would be more impactful and selective with the right use of data and analytics. Digital OOH is anyways driving the OOH growth globally elsewhere. It will surely evolve the Indian landscape too slowly and gradually. Q) What gives Laqshya an edge over other OOH agencies? We have always embraced Research and Technology like no one else. Our endeavor to develop SHARP was on the same lines. We believed in addressing the needs of the industry as a whole. The language of ROI that has started with SHARP has been successful in helping marketers realize the potential of OOH and has helped us take a giant leap. Q) In the last few years, OTT players have been big investors on OOH. Do they continue to invest big? What are the other segments that are making use of OOH? OTT has invested on OOH and has witnessed the impact it has created in their brand building. It has definitely helped OTT players address their concerns of going mass and geo-targeting. OOH delivers the reach while it also helps geo-fence and create impact towards a niche audience. This is what makes OOH a go-to medium for a lot of OTT players. A lot of newer segments like e-commerce and mobile apps are embracing OOH along with government and political spending like never before but, it is the traditional sectors like real estate and retail that continue to hold the lion’s share. Q) How are you, as an organization ensuring there is more accountability, since this has been an issue plaguing the industry for a while. We believe accountability starts from following and adhering to some set practices ourselves. Our MD,Alok Jalan is the Vice Chairman of <keyword id="1094070" type="COMPANY" weightage="20" keywordseo="Indian-Outdoor-Advertising-Association">Indian Outdoor Advertising Association</keyword> (IOAA) and is very strongly putting across the uniform guidelines that will make processes more transparent. We can expect a lot of consolidation in the industry from the association’s side. Q) What does the OOH as an industry need to do to make advertisers take them more seriously, and put in more money? OOH needs to convey the advantage it brings to any marketer- the larger-than-life canvas for a greater reach and an equally possible customized impact. It addresses both these objective of any brands effectively. Q) How big is the OOH industry in India right now and what is its potential in the next few years? OOH has been quoted to be somewhere between Rs 3,700-3,900 crore currently. We as a group have a detailed research report that summarizes the overall OOH to be around Rs 5,750 crore and the industry has been growing consistently at an average of around 11% . Q) What is your vision for Laqshya? We want Laqshya to be known as an innovative media and communication company. We want creativity, innovativeness and technology to be the company’s ethos.

Laqshya Media Group is eyeing a 4X increase in revenue, to Rs 2,000 crore in the next 5 years

<ul><li>INOX recently launched Megaplex, an 11-screen threatre in Mumbai to elevate the movie-going experience.</li><li>The multiplex plans to launch Megaplexes in more cities, starting with Lucknow in an attempt to bring people out of their homes to watch movies in theatres instead of at home.</li><li> Alok Tandon, CEO, <keyword id="105311" type="COMPANY" weightage="20" keywordseo="INOX-Leisure">INOX Leisure</keyword> walks us through INOX’s performance and why it is strengthening its experiential offerings.</li></ul>Multiplex chain INOX Leisure recently launched Megaplex, an 11-screen theatre in Mumbai’s Inorbit Mall, Malad, with an aim of transforming movie-watching into a more experiential experience and to further increase its engagement with its audiences. With 1,600 seats, INOX is said to have invested between Rs 50-60 crore. It will offer 6 different movie viewing formats, IMAX, ScreenX, MX4D, Onyx LED, Kiddles and INSIGNIA. In a recent conversation with Alok Tandon, CEO, INOX Leisure, we tried to understand the reasons behind the organization’s increased focus on experiential, and also what the future of INOX would look like, and what role marketing will play in it. Edited excerpts: Q) Why was this a good time to launch Megaplex? While the criticality of the role of ‘content’ in the cinema exhibition industry is massive, we were determined to play our part and offer an even more engaging experience to our guests. We were therefore, determined to up our experience game by creating massive experience-led entertainment destinations. Grand and chic INOX multiplexes took shape in Bangalore, Kolkata, Jaipur, Hyderabad and many other cities, but what really set the tone for the new decade was the recent launch of INOX Megaplex at Mumbai. Apart from being an architectural masterpiece in the cinema space, Megaplex also comes with innovative F&amp;B concepts and an elaborate gourmet selection. Q) Why did you choose to launch Megaplex in Mumbai? What other cities are you planning to expand to? The entire country looks up to Mumbai as the heart of Indian cinema, and putting up a destination like this in Mumbai was a matter of huge pride for us. Our next Megaplex is coming soon in Lucknow in the Phoenix Market City. We have strategically decided to make massive experience-driven entertainment destinations as a part of our growth strategy, and you would see more Megaplexes rolling out over the years. Q) What are your expansion plans for INOX in terms of number of screen? What is your vision for INOX? We currently stand at 617 screens across 68 cities in 147 multiplexes. We have a robust pipeline of over 900 screens that are going to come up across the country. As the passion for the giant screen experience is evenly spread across the country, so are our expansion plans. You will see INOX coming up in the highly urban locales to non-metros, to Tier II and Tier III centers as well. Q) A lot of youngsters are choosing to watch content on OTT now. How are you enticing this group of audience? The preference for watching content on OTT platforms is on the rise but it has not impacted the footfalls in cinemas so far. If the footfall figures are anything to go by, I believe OTT and cinemas are going to co-exist, with the quantum of content consumption increasing with increasing availability. We will continue to entice film patrons with the various formats we offer and by driving our experience strategy rigorously through luxury, service and technology aspects. We want to ‘de-couch’ Indian cinema lovers with supreme standards of cinema viewing experience, and we have done it with a lot of success. We have also innovated a lot on our F&amp;B services. On the marketing front, we have adopted a lot of experiential marketing initiatives to develop a stronger bond with our guests. Whether we are promoting a movie, or hosting a special screening, we have added a lot of fervor to our events. We have also successfully ventured into screening of concert films like BTS, Westlife and Metallica. We have also done reasonably well with Live screening of sporting events and brand alliances with various sporting leagues including the NBA, IPL and the PBL. We were one of the three multiplex operators in the world that got the screening rights of the ICC Cricket World Cup 2019. Q) How are you making the entire experience more seamless, in terms of tickets bookings, cancellations etc? A lot of effort has gone into making the ticketing and food ordering experience seamless and digitally-enabled. The aspiration was to remain available at the guests’ fingertips the moment they make the decision of going for a movie. Our redesigned app is intuitive and simple to navigate, much like our website. You can avail food combos at offer prices while making an online booking. In case you are visiting the multiplex without a booking, you will be greeted with interactive touch screens, which allow you to book tickets, order food and make the payment, all at one go. Even our box offices are enabled with touch screens, making the transaction faster and transparent, with a personal touch. The endeavor is to ensure that the guests do not have to stand in queues while entering or while ordering the food. Q) Tell us a bit about INOX's performance in this financial year? Did the general industry slowdown lead to lesser footfall? FY20 has been great so far. H1 saw us reporting the best growth in the industry, on footfalls, at 24%, on revenue at 30%, EBITDA at 48% and on PAT at 89%, all on a year-on-year basis. Our occupancy too grew by 319 base points in the same period. We have added 46 screens and 9 properties so far. The need and urge for entertainment, and that too cinematic entertainment has stood the test of time for decades in our country, and is unparalleled. Regardless of the state of the economy, going to the cinema is a family celebration or social event, and we Indians never compromise on celebrating, and that is what inspires us to welcome them at our properties and serve them better.

How INOX is de-couching Indian cinephiles by making the cinema-going experience grander

<ul><li>The <keyword id="5901457" type="UNKNOWN" weightage="20" keywordseo="MeToo">#MeToo</keyword> movement has emerged in <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>, again, with Bollywood celebrities, media personalities and politicians being called out on behaving inappropriately. </li><li>While some people have been forced to leave these respective jobs, others are filing defamation lawsuits. </li><li>Even, <keyword id="11647" type="PERSON" weightage="20" keywordseo="Alok-Nath">Alok Nath</keyword>, the 'cultured elder' of Bollywood has been accused of sexual assault.</li></ul>Over the past three days, the #MeToo movement has been gaining momentum in India with women calling out people in Bollywood and men across India media on <keyword id="6354616" type="UNKNOWN" weightage="20" keywordseo="Twitter">Twitter</keyword>. The first allegation was leveled against <keyword id="1351295" type="PERSON" weightage="20" keywordseo="Utsav-Chakraborty">Utsav Chakraborty</keyword>, a member of a popular comedy group called <keyword id="6468924" type="UNKNOWN" weightage="20" keywordseo="all-india-bakchod">All India Bakchod</keyword> (<keyword id="1875393" type="PERSON" weightage="20" keywordseo="AIB">AIB</keyword>). A female comedian accused him of sending her pictures of his genitalia without consent. Soon enough, other women stepped up to corroborate her account with their own incidences where the comedian has either asked them for naked photos or sent them inappropriate pictures of himself. It’s been three days and #MeToo movement has hit comedians, reporters, authors, actors and filmmakers. More importantly, and finally, it seems to have spurred some actual action and change. Impact so far While India’s #MeToo movement has been pushing a lot of important men from their positions in their respective industries, it is also witnessing people retaliating by filing defamation lawsuits against women. Some tweets have already started to disappear from the social messaging platform. In Bollywood, Vikas Bahl, one of the founders of Phantom Films, was accused of forcing himself upon one of the members of the crew and subsequently masturbating in front of her. On Saturday, the Bollywood production house responsible for the Netflix show Sacred Games, was dissolved. <div type="twitter" handle="anuragkashyap72" handlename="Anurag Kashyap" image="http://pbs.twimg.com/profile_images/1048869828692529152/luSH124b_normal.jpg" favoritecount="2598" retweetcount="672" status="My statement in light of the recent HuffPost article and breaking up of Phantom . There are two pages.. https://t.co/WCAsaj6uFR" createdat="1538902775000" id="1048860377910579205"></div>

 Reports also indicate that he’s been dropped from the show he was going to direct for Amazon Prime Video and will be left out of the movie promotions of Super 30. More heads went rolling soon after. The head of HR at AIB issued a statement communicating that with Chakraborty and <keyword id="1176647" type="PERSON" weightage="20" keywordseo="Tanmay-Bhat">Tanmay Bhat</keyword>, AIB co-founder and CEO, stepping down, the future of the company was uncertain. Even Gursimran Khamba, another founder of the collective, is on temporary leave in lieu of allegations being leveled against him. <div type="twitter" handle="AllIndiaBakchod" handlename="All India Bakchod" image="http://pbs.twimg.com/profile_images/1037599283199889409/HCiNbW14_normal.jpg" favoritecount="3209" retweetcount="801" status="Statement https://t.co/KR5tM2sYuX" createdat="1538993771000" id="1049242042310828034"></div>

 The comedy collective is being heavily criticized for its double standards where, on the one hand, they preached messages of equality and safety and on the other, they acted in the opposite manner in their own lives. The Sanskaari Babuji (cultured elder) of Bollywood, Alok Nath, has also been accused by <keyword id="31957" type="PERSON" weightage="20" keywordseo="Vinta-Nanda">Vinta Nanda</keyword> of forcing himself on her. <div type="twitter" handle="ShephaliBhatt" handlename="Shephali Bhatt" image="http://pbs.twimg.com/profile_images/1044972418832437248/7rm_3meI_normal.jpg" favoritecount="4348" retweetcount="3535" status="&quot;I have waited for this moment to come for 19 years.&quot; @vintananda's heart-wrenching post which reaffirms that… https://t.co/uDvYaEP8Ie" createdat="1539014139000" id="1049327472318324737"></div>

 When Zoom TV asked for his response to the accusation, he said, “Firstly let’s not blame the alcohol. Secondly, it’s her perspective.” <div type="twitter" handle="ZoomTV" handlename="Zoom TV" image="http://pbs.twimg.com/profile_images/986992926344462337/fp2x3Ass_normal.jpg" favoritecount="13" retweetcount="3" status="&quot;First of all, let's not blame alcohol. Secondly, it's her perspective.&quot;- Actor @aloknath speaks exclusively to our… https://t.co/AXQCFjOnfs" createdat="1539073296000" id="1049575593954725888"></div>

 In the media world, the chief of bureau at <keyword id="6518498" type="ORGANIZATION" weightage="20" keywordseo="hindustan-times">Hindustan TImes</keyword>, Prashant Jha was forced to step down. Though he won’t be leaving the publication, he will only be serving in the capacity of a reporter rather than management. Even the politicians are under the scanner with Minister MJ Akbar also having allegations leveled against him. <div type="twitter" handle="priyaramani" handlename="Priya Ramani" image="http://pbs.twimg.com/profile_images/946323928900947968/xuNpm79f_normal.jpg" favoritecount="2511" retweetcount="1644" status="I began this piece with my MJ Akbar story. Never named him because he didn’t “do” anything. Lots of women have wors… https://t.co/aDttzAm4L6" createdat="1539002727000" id="1049279608263245824"></div>

 While these allegations are being addressed, there’s a parallel conversation about as to what counts as ‘consent’. Encounters range from ones that are downright creepy to those that included suggestive text messages, unwanted sexual advances and assault. All this has thrown the debate open wider - while some caution against judging anyone’s experience, others have been propagating that there should be a stricter definition of consent. But India’s #MeToo movement is far from over, there are new names and allegations surfacing every day. And honestly, if you ask us, this was a long time coming.

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