Nitte International Film Festival concludes on a high note

Media Release
April 20, 2018

Mangaluru: The second edition of Nitte International Film Festival concluded on April 19 with S Durga as the closing film. For four days, film lovers in Mangaluru reported to the NIFF ticket counter at Bharath Cinemas, to catch as many films as their schedule permitted. About 60 award-winning and critically acclaimed films played across four days in the three screens dedicated to NIFF at the venue.

If every film-viewing is considered as a conversation begun, it becomes the responsibility of the viewers to contribute and take it forward. With this in mind, NIFF hosted about 30 filmmakers to allow for the possibility of such a conversation. There was an interactive session with each filmmaker after the screening of their film. In addition to this, there were also sessions scheduled to discuss film and society.

Conversing about Cinema

On the third day of the festival, national award winning film critic Manu Chakravarthy, was in conversation with the director Ramesh Sharma. Two of Sharma’s films were showcased at the festival – the 2006 Emmy-nominated documentary The Journalist and The Jihadi, and the 1986 feature film, New Delhi Times. Chakravarthy asked Sharma to talk about the politics and history behind the making of New Delhi Times, and asked whether it was high time to make a sequel to the movie.

“I do not want to make a sequel in the current times,” Sharma declared, talking about the rise in intolerance and the cumbersome censorship process. He admitted his late-career preference for the use of the documentary form over fictional narratives to tell his stories.

The discussion, moderated by Chakravarthy, explored the link between media, politics and society, raising questions about media ownership and the resulting compromise in the freedom and integrity of journalists.

Ethics also featured prominently in the discussion on the fourth day of the festival between Sanal Kumar Sasidharan (S Durga, Ozhivudivasathe Kali), Suneel Raghavendra (Puta Tirugisi Nodi) and Sachin Kundalkar (Gulabjaam). The directors from different states, having made very different movies, came together for a panel discussion on representation and identity politics. What followed was a thoughtful conversation on the role of films in society and the grey area of the ‘responsibilities’ of a film maker.

With three male film makers on the panel, an inevitable question was on the challenge of creating and sustaining roles for women. The consensus, amongst the panelists and the audience they were speaking with, was that the industry needs more women filmmakers, and that we have to make space for and include different voices in our cinema and in its making.

 “When I started assisting in films, I found that the making of a film itself is built on the edifice of the caste setup. We have separate meals for the lighting team, the assistant directors, and the directors and actors,” said Raghavendra.

Sasidharan, whose film S Durga courted controversy and ran into trouble with the censor board, said that democracy is meant to ensure the equal distribution of power, but our society today is a “democracy only on paper.”

He spoke about resisting the restrictions imposed on creative freedom by the authorities, by having film screenings in different parts of Kerala, including remote villages. S Durga, which happened to be NIFF’s closing film, received a warm response from the audience, and was a fitting finale to the festival.

Comments

Shankar
 - 
Saturday, 21 Apr 2018

huh? that's the high note?

l ess than 100 people?

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News Network
May 9,2020

Bengaluru, May 9: Dubai NRI Kannadigaru president and entrepreneur Naveed Magundi in a video message thanked government of India for helping stranded Indians in Arab countries to return home. 

The video was shared by Karnataka Deputy Chief Minister C N Ashwath Narayan on Friday on Twitter. 

"Kannadigas, who are in trouble in the Arab countries and wanting to return home, have got the central government's rapid response. Prime Minister Narendra Modi gratitude video on behalf of Dubai President Kannadigas," Narayan said in the tweet.

The Ministry of External Affairs (MEA) has prepared a chart for the first phase evacuation of over 14,000 Indian nationals stranded in 13 foreign countries by 64 flights in week one of the operation.

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News Network
February 19,2020

Feb 19: Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

He splurged on a private jet, vintage cars and two entire floors of the Burj Khalifa, the world’s tallest skyscraper. His website shows him hobnobbing with politicians, Bill Gates and Bollywood royalty.

“The thrill of speed and freedom makes me love cars,” Shetty, 77, told local reporters last year.

Shetty had more than enough money -- at least on paper -- to afford such a lifestyle from companies he helped found, including hospital operator NMC Health Plc and financial services firm Finablr Plc. On Dec. 10, his stakes in the public companies were valued at $2.4 billion, making up the bulk of a fortune spanning education, hospitality and one of the world’s oldest tea companies.

Then, a week later, Carson Block came along.

Block’s investment firm, Muddy Waters, issued a report criticizing NMC’s accounts and disclosing a short position. Since then, Muddy Waters’s scrutiny has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements and casts doubts about his net worth. His holdings in Finablr and NMC are worth $885 million, but Shetty’s fortune may now be just a fraction of that, depending on the size of his borrowings.

Filings this month show that Shetty pledged a quarter of his NMC stake against loans with First Abu Dhabi Bank and Zurich-based Falcon Private Bank. Two other shareholders may own half of his reported stake. Another lender -- Al Salam Bank Bahrain -- has already sold some of those shares to enforce security over a loan for Shetty, and NMC said Tuesday that First Abu Dhabi Bank sold another chunk earlier this month.

The situation “seems to have gone beyond some of the issues that Muddy Waters focused on initially,“ said Gavin Launder, a fund manager at Legal & General Investment Management, who owned shares in NMC until October. “The increased scrutiny has unearthed other issues.”

Law firm Herbert Smith Freehills has launched a review of Shetty’s holdings at his request, a spokesperson for the Indian-born businessman said, declining to comment further until the analysis is completed. Shetty resigned Sunday as NMC’s chairman.

In its Dec. 17 report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.

NMC has disputed Muddy Waters’s claims, and the company hired former FBI Director Louis Freeh to conduct an independent review of the short seller’s allegations. Meanwhile, local regulators “are making inquiries with the relevant parties,” a spokesperson for the U.K.’s Financial Conduct Authority said.

Shetty is hardly the only ultra-wealthy person to leverage his assets. Elon Musk has used his shares in Tesla Inc. to obtain personal loans, while Oracle Corp. Chairman Larry Ellison has put up millions of the company’s shares to fund a lavish lifestyle that includes trophy properties, America’s Cup teams and the Indian Wells tennis facility in California.

But such deals can also sour, as demonstrated by Shetty’s lenders selling shares his investment firm pledged. He and his advisers are investigating details of the sales as part of their legal review, according to filings.

To complicate matters, Shetty pledged another batch of NMC stock in 2018 as part of a so-called equity collar arrangement with Goldman Sachs Group Inc. that uses options to limit the impact from share moves. Last month, he also pledged most of his stake in Finablr to refinance a loan from the company’s takeover of foreign-exchange firm Travelex for about $1.2 billion.

BRS Ventures Investment, the UAE-based holding company for most of Shetty’s assets, doesn’t report consolidated financials, preventing a complete analysis of his net worth. His other assets include a catering company, a waste-management firm and pharmaceutical business Neopharma, which four months ago was in the early stages of planning for an initial public offering.

Block, 43, earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

Block said he didn’t anticipate NMC’s shareholding drama.

“I wouldn’t have been able to predict that we’d get these bizarre disclosures about unclear share ownership coming out of the company,” he said in a Feb. 13 phone interview. “This has been obviously a more dramatic unraveling than we usually see.”

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News Network
April 9,2020

Bengaluru, Apr 9: 10 new positive cases have been confirmed in Karnataka, apart from the recent fatality of an 80-year-old woman from Gadag district, the health department said on Thursday.

The fresh cases have been reported in the state from last evening to Thursday noon.

Till date, 191 COVID-19 positive cases have been confirmed, which includes 6 deaths and 28 discharges, the update said.

Among the 10 positive cases, eight are contacts of patients who have already tested positive- one each from Belagavi, Mandya and Chikkaballapura, two from Mysuru, and three from Bagalkote; while two from Bengaluru city are with a travel history to Delhi.

Three cases from Bagalkote are children- two boys of 4 and 13 years of age, and one girl of 9 years old.

The elderly woman died on April 8 in Gadag, the department said in its mid-day situation update.

Confirming that her reports tested positive on April 7, officials had said, she had a history of Severe Acute Respiratory Infection (SARI).

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