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38 years of togetherness! Hema Malini, Dharmendra thank fans for wishes

On the occasion of their 38th wedding anniversary, evergreen actor Hema Malini and Dharmendra thanked fans for sending their warm wishes to them.

Malini (71) took to Twitter on Saturday and shared a picture with her husband on the occasion. She tweeted, "Dharam ji & I thank all those who have wished us on our wedding anniversary today. It is your blessings & good wishes that have always been with us all through these years."

Daughter Esha Deol also showered anniversary wishes on her parents by sharing a picture of them on Instagram. Wishing for infinite years of togetherness of her parents, she wrote, "Happy wedding anniversary my darling parents! My mamma & papa, I love u both soooooooo much & pray to God to bless you both with infinite years of togetherness, love, happiness & the best of health! @dreamgirlhemamalini @aapkadharam. Love you, Esha, Bharat, Radhya & Miu."

The post received more than 18,000 likes within an hour after the post was put up.

Several celebrities including Tusshar Kapoor commented on the post and wished the couple. "Happy anniversary to this wonderful couple," he wrote.

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Randeep Hooda shares action sequence rehearsal clip with Chris Hemsworth from 'Extraction'

Treating all 'Extraction' fans with a little extra dose of action, actor Randeep Hooda on Monday shared a rehearsal video featuring himself and Hollywood actor Chris Hemsworth.

The video is from a rehearsal for an action sequence of Netflix's action-thriller flick 'Extraction'.

The clip features both Hooda and Hemsworth in high-energy mode while rehearsing the scene in which they are seen fighting against each other.

The video was originally shared by the director of the film Sam Hargrave and Hooda later re-posted it on his Instagram profile.

"You perform how you practice. @randeephooda and @chrishemsworth putting in the rehearsal time for #Extraction @netflixfilm @netflixfilm," Hargrave wrote in the caption.

The film that marks 'Highway' actor's debut on the online video streaming platform Netflix has been largely shot in India.

Besides Hooda, the film features several other Indian actors including Pankaj Tripathi.

Produced by Russo brothers, the film was released on Netflix on April 24 and has been receiving good response from fans.

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Shatrughan Sinha remembers Rishi Kapoor and Irrfan Khan and what made them special

The demise of Rishi Kapoor and Irrfan Khan not only shocked the whole nation but also left a void that can never be filled. Their contribution to Hindi Cinema will always be remembered. What made them stand out was their ability to transform and become the characters they were portraying on the celluloid. Nearly the entire Bollywood fraternity has paid them their tributes.

And now, talking about the two stars is another veteran Bollywood star, Shatrughan Sinha. Speaking to Mumbai Mirror about them, he poured his heart out. He first talked about Rishi Kapoor and said, "After Rajendra Kumar and Rajesh Khanna, he became the poster boy of romance with his style. But Ranbir has big shoes to fill because baap baap hota hai. One can't compare the two at the moment."

He then went on to talk about Irrfan Khan and said, "Irrfan was a combination of struggle, determination and conviction. He made his dream come true through hard work. I watched Hindi Medium and Angrezi Medium and his acting will be a textbook experience for a younger generation of actors."

Coming back to Rishi Kapoor, he and Sinha were very close friends and even shared screen-space in Manmohan Desai's Naseeb in 1981. Speaking of Irrfan Khan, Sinha worked with him too in 2004 in Madhur Bhandarkar's Aan: Men At Work.

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World Hand Hygiene Day: Hema Malini, Amrita Rao stress on keeping hands clean

On Tuesday, to mark World Hand Hygiene Day, Hema Malini and Amrita Rao raised awareness about hand hygiene. The two were united for the initiative by The Associated Chambers of Commerce and Industry of India.

"While everyone is wearing face masks and gloves nowadays, they are not at all sensitive about sanitising their hands," said Rao. Proper handwashing with soap is the topmost measure to prevent the spread of the virus.

"It's high time every effort is made to create awareness, educate and remind people that hand hygiene is crucial. It is important to make handwashing a daily habit. Good handwashing with soap can save more lives than any single vaccine or medical intervention. I would be happy if this effort is able to bring a difference in the lives of many people," Rao added.

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Uddhav Thackeray addresses state, urges people with milder symptoms to get themselves checked

Maharashtra Chief Minister Uddhav Thackeray, on Sunday, addressed the state and said that there are 3,651 coronavirus cases in Maharashtra. While addressing via video message, Thackeray said the state government will allow the industries from green and orange zones to start production and processing activities in a restricted manner from April 20.

"The state government is allowing the industries from green and orange zones to start production and processing activities in a restricted manner. The industries will have to arrange the accommodation for their workers. They would not travel long distance for work," he said

Suggesting that few districts in Maharashtra have shown decrease in the number of confirmed COVID-19 cases, CM Uddhav Thackeray said that the districts will be divided into red, orange and green zones. He further highlighted that district borders will remain closed.

He furthur urged the people with milder syptoms to get themselves checked and not hide their symptoms as 70-75 percent cases in the state are asymptomatic while, 52 percent are in serious conditions.He mentioned that lockdown measures in the state will be relaxed in graded manner.

Thackeray requested the public not to venture out even though the commercial and industrial activities have been allowed to resume.

He issued a helpline on Sunday for those facing mental health issues. Thackeray said: "If you are feeling any mental health issue, do call 1800 120 820050."

Thackeray added that doorstep delivery of newspapers will be prohibited in red zones. He also said that the state government has allowed certain economic activities in orange and green zones. 

"Intra-district movement in green and orange zones may be allowed," said Thackeray.

With inputs from Agencies

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Extraction | Chris Hemsworth shares his experience shooting in India

We're asked to first wait at the Breakout Room, before being led to the Vetting Room (have spelt that right). After quite a few minutes, finally, allowed in to the Interview Suite. Felt like going past check-in, through security, into immigration.

Except, this passage to the Hollywood home of Australian-born superstar Chris Hemsworth — globally, best-known as the superhero Thor — with various check-points in place, is happening over Zoom, the video-conferencing app. There's a posse of international press logging in at their designated time-slots, from respective homes, across the world. All of them, like Hemsworth at his place, it appears, are living under lockdown, due to COVID-19 spread/scare.

"If you think about it, what we're doing is unbelievable," says Sam Hargrave, referring to the unusual manner of this junket. This is before formal conversations begin, with a moderator rotating questions, as per a pre-decided order. Everyone but the specific questioner's microphone is on mute. No doubt, these are extraordinary times.


Chris Hemsworth and Sam Hargrave (encircled) during the interview  

Hargrave, placed in the window to my right, is the director of the Netflix film Extraction, starring Hemsworth, that drops on April 24. If it wasn't for the pandemic, they'd both have been in Mumbai promoting this film. Which is where I am. And where, along with Ahmedabad, mostly, Extraction was shot.

What was that like? Hemsworth offers the common adjectives — life, energy, people, positivity —that the uninitiated usually refer to mean an overwhelming experience, which India, without a national curfew, can certainly be. He recalls, "The [crowds] couldn't have been more accommodating, supportive — thousands of people standing in buildings and bridges, watching and applauding. The shoot felt like being in a coliseum, or live theatre!"

For Hargrave though, besides sanity, there was also the question of maintaining safety: "We were doing intricate action sequences, with cars flying over locked-up streets, at 50 miles per hour. [At any point in time], you'd have 300 people for security personnel alone, to make sure no one got hurt."


A working still of Extraction

Hargrave is one of Hollywood's top stunt-coordinators, with films from the Marvel Cinematic Universe under his belt, including the Avengers blockbusters directed-produced by (Anthony and Joe) Russo Brothers.

Extraction however is Hargrave's first film as director, and evidently furthest from his comfort zone, given its setting to start with: "Joe Russo, who wrote the script, actually set the film in Dhaka [Bangladesh] and India. Because western audiences haven't seen much of that side of the world. It offered lots of opportunities, visually."

Directing, as a job, is challenging enough. Double whammy for the debutant was, as he puts it, "Directing actors in two different languages — Hindi and Bengali. Neither of which I speak! We had an interpreter with us. But because of the prep we'd put in during rehearsals, while I couldn't understand what they were saying [in the dialogue], I could tell the intention.


Randeep Hooda

"I knew when we'd nailed a take. And if something was off, I knew if we'd missed a line. With cinema, you can tell the scenario. Especially with action — once you've set up the hero and the villain, and they're at odds — the film speaks for itself."

One of the major Indian actors Hargrave directed for Extraction was Randeep Hooda, who comes up rather often in this conversation, as Hemsworth specifically refers to the "major [fight scene], involving hand-to-hand combat. It was so exhausting for both [Randeep and I]. Yet, when you've got an actor who's putting in a 110 per cent, neither of you is willing to quit, it's the best."

Which gives you fair sense of the film's genre — sort of a pure, street-style actioner in the old-world, Western mould. Hemsworth elaborates, "[It's] everything they used to do in the '80s and prior, [without] relying on special effects and green screen, because you couldn't. It was refreshing and rewarding to shoot like that."

Hargrave recalls, "When Randeep and I met, we spoke about the characters, relating them to the classic Westerns — Once Upon a Time in the West, The Good the Bad the Ugly..." Randeep has come again — maybe we could go further on that route (him and I went to the same school).

Or talk more about other Indian actors Hemsworth was referring to hanging out a lot with, while he was here. Or, perhaps mildly pick his brains on his last huge release, Avengers: Endgame — hugest one in the history of films!

Oh, I'm on mute. Chatting on a screen through a moderator is at best interviewing an interpreter, with a dysfunctional hearing aid. Feels rather distant. Upside? Could casually roll out of bed in boxers in Bombay, find myself seated opposite Thor for a few minutes, and then back to bed again. Done. Hoping it's not the new 'normal' though.

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Chris Hemsworth: Didn't know Marvel films were so popular in India

Actor Chris Hemsworth found shooting in India "overwhelming" because of the positivity and enthusiasm that he experienced while filming the upcoming Netflix film "Extraction" in the country.

"I loved shooting in India. The people were incredible. I didn't realise how popular the Marvel films were in India. So that was, at times, overwhelming," Hemsworth told IANS during a special video call before the release of his Netflix movie.

"There was such positivity and enthusiasm for all of us and our crew… During shooting, we had hundreds and thousands of people on certain days lining up on the streets and up on top of bridges and in buildings, you know, after every takes, cheering and applauding. I've never experienced anything like it. And as I said, I have such fond memories of India and the people there," he added while recounting his time in India.

Hemsworth shot for the Netflix film in India in 2018. He shot in Ahmedabad and Mumbai. The "Thor" star was scheduled to be in Mumbai on March 16 to promote the film that has been shot in India. The promotional tour was called off due to the global coronavirus outbreak.

Earlier in an interview to IANS, Hemsworth, whose daughter is named India, revealed the reason behind naming his daughter after the country.

"My wife (Elsa Pataky) spent a lot of time in India and that was where the name originally came from," Hemsworth said in that interview, adding: "I love the place and the people. It was sort of intimidating as it was exciting because there were so many people… We felt like rock stars in a stadium. But the warmth and support we got while shooting there, no matter how disruptive we were to their daily lives, it was so good. "

Originally titled "Dhaka", the film also stars Indian actors Randeep Hooda, Pankaj Tripathi, Priyanshu Painyulli, and Rudraksh Jaiswal. It revolves around Tyler Rake (essayed by Hemsworth), a fearless, black market mercenary, who embarks on the most deadly extraction of his career when he is enlisted to rescue the kidnapped son of an imprisoned international crime lord. The film, directed by Sam Hargrave, will release on Netflix on April 24.

Talking about working for a streaming platform for the first time, Hemsworth said: "It's my first time working on a streaming platform. I was excited to do it, strangely enough, you know, it's probably the best place to be at this point.

"We put in, you know, the same amount of commitment and passion and enthusiasm as we would with anything else, whether it was a cinema release or a streaming space. I am beyond proud of the film. From the very beginning, I loved the script. I love the story that we were able to tell and the opportunity to shoot action, unlike anything I'd certainly been a part of before."

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Chris Hemsworth reveals he felt 'suffocated' by his Hollywood career

Australian actor Chris Hemsworth recently revealed what made him move back to Australia and spoke of the time when he felt "suffocated" in Hollywood. According to Fox News, the 36-year-old star in an interview with The Sunday Telegraph opened up about what made him move back from California to his native Australia.

The 'Avengers: Endgame' star said, "When you're suffocated by the work, every conversation that you're having and every billboard you're seeing is to do with a movie or whatever around the industry. You lose perspective."

Hemsworth, packed up and moved back to Australia with his wife Elsa, daughter 7-year-old daughter India and twin six-year-old boys Tristan and Sasha.

The actor said, "There's not a single person [in Byron Bay, New South Wales, Australia] that I interact with, or close friends of mine, that are really in the industry and so that's hugely refreshing. It's great for my kids and my wife."

The star also shared that with a number of high-profile projects under his belt including 'Ghostbusters,' 'Men in Black: International' and the Marvel franchise to name a few, Hemsworth said that he is ready for things to slow down for a bit.

The actor noted, "I just want to stop for a while. I need to be home for a minute. Just enjoy. It all flies by."

Previously, Hemsworth spoke with OK! magazine about his struggles living in Hollywood, and noted that while living there, "you just kind of lose touch with reality."

The 'Thor' shared of living in Australia, "It's nice to be a part of a community that doesn't live and breathe that world."

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Chris Hemsworth recalls meeting Brad Pitt at premiere of 'Once Upon a Time in Hollywood'

Australian actor Chris Hemsworth shared the details on a very relatable first introduction. According to Fox News, the 36-year-old actor told People magazine about meeting actor Brad Pitt at the star's premiere for his 2019 film, 'Once Upon a Time... in Hollywood'.

As per the outlet, Hemsworth was a little starstruck by Pitt and that's when things got bit awkward. The 'Star Trek' actor shared: "He went to do a handshake and I went for the hug, he was fine with it," Hemsworth recalled, noting that he "didn't get attacked" by Pitt's "security team or anything."

Hemsworth said of the actor, "It was fantastic. He was as wonderful and pleasant as I'd hoped and imagined." In the Quentin Tarantino-directed film, Pitt co-starred alongside Leonardo DiCaprio and the film was sei in the final years of Hollywood's Golden age.

Although Hemsworth didn't appear in the movie, a lot of stars attended its Los Angeles premiere to be one of the first to view the movie, reported People magazine.

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Chris Hemsworth 'blown away' by Extraction response

Hollywood star Chris Hemsworth has thanked everyone for loving his digital movie "Extraction", which is on its way to become Netflix's "biggest film of all time". Hemsworth took to Instagram to post a video to express his gratitude about the response to the film, reports hollywoodreporter.com.

 
 
 
View this post on Instagram

🙏🙏🙏 EXTRACTION @thesamhargrave @therussobrothers @netflix @netflixfilm

A post shared by Chris Hemsworth (@chrishemsworth) onMay 2, 2020 at 4:14pm PDT

"Hey, what's up guys, I hope you're doing well. I just want to say a massive thank you to everyone who checked out 'Extraction', you've made it the number one film on the planet right now," said the actor from his gym.

"And it looks like it's going to be Netflix's biggest feature film of all time, which is absolutely mind blowing" he added.

The "Thor" star went on to say: "We are blown away by the response and the support. On behalf of myself, the Russo Brothers, Netflix, our director Sam Hargrave, thank you so so much. We love you guys".

He also addressed the rumors of a sequel to "Extraction".

"There's been a lot of talk and questions about sequels and prequels and all sorts of things, and all I can say is who knows," said the actor, adding: "But with this amount of support, it's something I will be pretty stoked to jump back into."

The action thriller released on Netflix on April 24, and attracted viewership from "an estimated 90 million households in the first four weeks" of its release, according to Hemsworth's previous Instagram post.

With "Extraction", argrave graduated from being Chris Evans' stunt double in "Captain America: The Winter Soldier" for fight scenes and stunt coordinator in "Captain America: Civil War" to a feature director.

Hargrave was an additional second unit director in "Avengers: Infinity War".

For his first film, Hargrave reunited with his "Avengers" family. He got "Thor" star Hemsworth to lead the film, screenplay of which is done by Joe Russo. The film is produced by Russo Brothers (Joe and Anthony Russo), Mike Larocca, Chris Hemsworth, Eric Gitter, and Peter Schwerin.

It revolves around Tyler Rake (essayed by Hemsworth), a fearless, black market mercenary, who embarks on the most deadly extraction of his career when he is enlisted to rescue the kidnapped son of an imprisoned international crime lord.

It has been shot extensively in India, along with other places around the world.

Originally titled "Dhaka", the film also stars Indian actors Randeep Hooda, Pankaj Tripathi, Priyanshu Painyulli, and Rudraksh Jaiswal.

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Chris Hemsworth's Extraction to return with part two

Filmmaker Joe Russo has closed a deal to pen a sequel to the Chris Hemsworth action film 'Extraction.' As confirmed by The Hollywood Reporter, Russo wrote the script for the first instalment and produced it with his brother Anthony via their AGBO banner.

The Netflix film is a hit. Hemsworth revealed over the weekend that the movie is on track to be the streaming service's biggest movie of all time with an estimated 90 million households tuning into the film since its April 24 release. (Netflix does not release rating data, but counts viewership based on two minutes of viewing time.)

The action-thriller was directed by Sam Hargrave, a Marvel stunt coordinator turned filmmaker, who could return for the follow-up. While shooting for 'Avengers: Infinity War,' the Russos had put together the film and approached Hargrave and later Hemsworth.

Based on the graphic novel 'Ciudad', 'Extraction' stars Hemsworth as Tyler Rake, an Australian mercenary mourning the death of his son when he takes a job to rescue a 14-year-old boy (Rudhraksh Jaiswal), the kidnapped son of an imprisoned Indian drug kingpin.

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Chris Hemsworth likes non-stop action

Hollywood star Chris Hemsworth says he likes to shoot non-stop action sequences so that he can keep up with the momentum. Recently, Hemsworth was seen doing some jaw-dropping action sequences in his digital film "Extraction". The film traces the journey of Tyler Rake (Hemsworth), a fearless black market mercenary, who is on a mission to rescue the kidnapped son of an imprisoned international crime lord. The film was shot in various different locations with the film's climactic sequence culminating in an epic gun battle over a bridge.

Talking about the action packed climax, Hemsworth said: "The action was non-stop but I like it that way. Sometimes on a film when you have long waiting times, you lose momentum, especially with something so physical.

"But using an actual bridge meant we could immerse ourselves in the action and the emotion. I've worked a lot with blue and green screens and your imagination has to do a lot of work to create the world. The bridge did a lot of that work for us," he added.

After scouting multiple bridges in India and Thailand for the final action sequence, the makers decided to shoot the climax at the Lat Bua Khao Bridge in Thailand's Ratchaburi. Once the bridge was secured, the art department began creating the blockade which is shown during the final escape sequence. The blockade consisted of a whole of 132 vehicles that were piled up on the bridge -- which included 14 pickups and SUVs, 40 sedans (including police cars), 19 light trucks and vans, 12 full-sized trucks (including an armoured military vehicle), 5 buses, 22 motorbikes, 18 tuk-tuks and 7 bicycle rickshaws.

Directed by Sam Hargrave, the film's screenplay is done by Joe Russo. The action thriller, which released on Netflix on April 24, also stars Indian actors Randeep Hooda, Pankaj Tripathi, Priyanshu Painyulli, and Rudraksh Jaiswal.

The film is produced by Russo Brothers (Joe and Anthony Russo), Mike Larocca, Hemsworth, Eric Gitter, and Peter Schwerin, and is on its way to becoming Netflix's most watched feature film ever.

Meanwhile, "Avengers: Endgame" co-director Joe Russo has confirmed that he will be working on a sequel to "Extraction". Hemsworth and Hargrave are expected to return in the new action adventure.

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Karan Johar tries to sing, kids say he is giving them a headache

However successful a fashionista or a film-maker Karan Johar is, his children are his most difficult critics. From his choice of glasses to his choice of films, everything gets dismissed by twins Yash and Roohi, who also keep trolling their father quite mercilessly.

In a video shared by Karan on Instagram, he tries to turn an in-house entertainer for the kids and attempts to sing a song. Roohi is seen trying to switch on the music player while Karan tells her he will sing instead. However, the moment he starts singing, both the children plead him to stop and tell him he is giving them a headache. LOL! He does make a second attempt too, but has to give up after another round of discouragement comes in. Watch the hilarious video below.

 

View this post on Instagram

 

No appreciation for my singing #lockdownwiththejohars

A post shared by Karan Johar (@karanjohar) on


Arjun Kapoor came up with a fresh reason why the kids might have got a headache, and dropped the funniest comment. "U just wear simple clothes," he wrote. Well!

Karan's children have earlier brutally fat-shamed him, saying that he resembles an elephant. This one was mild in comparison!




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COVID-19 Related Disruption Causes Franklin Templeton Mutual Fund to Wind-down Six Debt Schemes

Posted by Equitymaster
      

COVID-19 has started showing its impact on the mutual fund industry. Few days ago I mentioned in my article, Debt mutual funds witnessed massive outflows of Rs 1.95 trillion in the month of March.

Though we could attribute most of that outflow to corporates redeeming funds to meet their quarter end obligations, high volatility and uncertainty as consequences of the pandemic could have also played a major hand in the redemption pressure for debt schemes.

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FII have been redeeming investments heavily in equity and debt segment ever since WHO declared COVID-19 a pandemic. In March, FIIs pulled out Rs 60,375 crore from the debt market.

High redemption and lack of buying interest has made debt mutual fund schemes vulnerable, especially those with higher exposure to low rated instruments.

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This instability has claimed its first casualty in debt mutual funds...

Franklin Templeton Mutual Fund (FTMF) has decided to wind down six of its debt schemes with effect from April 23, 2020 due to COVID-19 related market dislocation. This is something that is unheard of in the mutual fund industry and has perplexed many investors and advisors.

The schemes that are wound up are:

Together these schemes have an AUM of 30,854 crore as on March 31, 2020. Notably, these are the very schemes which in the past had to create segregated portfolio for its exposure to downgraded papers of Vodafone Idea and Yes Bank.

What led to the move?

According to a statement to investors from FTMF, "Despite several measures taken by the Reserve Bank of India (RBI), the liquidity in certain segments of the corporate bond markets has fallen-off dramatically and has remained low for an extended period. In this scenario, mutual funds are facing unprecedented liquidity challenges due to a variety of factors-rising redemption pressures due to heightened risk aversion, mark to market losses following a spike in yields and lower trading volumes in the bond markets. These factors have together caused a significant and worsening liquidity crunch for open-end mutual fund schemes investing in corporate credits across the credit rating spectrum."

The schemes had to resort to continuous borrowing to fund redemptions during this time, and were unable to repay the borrowings through sale of portfolio securities due to the prevailing market environment. The Investment manager did not believe it was prudent to continue funding redemptions through potentially increasing levels of borrowings.

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FTMF follows a high-risk high-return strategy for the above mentioned funds - Meaning a major part of its portfolio is exposed to lower rated securities (rating below AAA). The market disruption due to the virus outbreak has impacted these securities the most.

Under conditions of high redemption pressure, mutual funds sell their liquid assets to meet the demand, leaving the portfolio highly exposed to illiquid assets.

Thus, investors who choose to stay invested are at a disadvantage here.

Anticipating continued liquidity stress to the funds, the fund house thought winding up the scheme is the only viable option for the unitholders to minimize erosion of value.

Table: Details of schemes being wound up
(Source: Franklin Templeton Mutual Fund)

What does it mean for investors of these schemes?

Investors of these schemes will not be able to purchase/redeem investment, switch to other schemes or do systematic transactions. In short their funds will be locked. The fund will not charge any management fees for the funds that are being wound up.

The fund house will rely on coupon payments, maturity value of underlying securities, and selling of securities at realisable value. While the fund house expects to realise most of the proceeds as per maturities, there may be some low rated securities that may even default on the due date. The fund house may create segregated portfolios for such securities and pay back as and when the money is realised.

It will be prudent to check the average maturity of portfolios of each fund and expect major repayment within that period.

What should investors in debt funds do?

Debt mutual fund Investors are not as confident, due to incidents of exposure to toxic papers in the past. This event could make them even more wary about their investment in debt schemes. As a consequence, there may be some panic selling in other debt schemes by investors worried about their funds getting locked.

However, instead of taking any hasty decisions, it would be a great idea to check your funds for the quality of assets it holds.

Choose a fund house that follows prudent investment process and stringent risk-management system. In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity

The way ahead...

While the fund house has done this to protect investors' interest, it has made the funds illiquid from the investors' point of view. Many investors may lose faith in debt funds for their short-term goals.

Going further, investors may have to consider liquidity risk due to AMC action, while investing in any high credit risk oriented debt funds.

It is time for the regulator to step up and clarify the illiquidity part for other debt schemes out there to investors. Moreover, it needs to provide a framework of strict guidelines to restrict fund managers from putting investors' hard-earned money at risk by exposing them to low rated securities for higher yield.

Meanwhile, AMFI has assured investors that a majority of the fixed income fund assets is invested in superior credit quality securities, and the schemes have appropriate liquidity to ensure normal operations. It further stated that the industry remains fully committed to the investors' interests and there is no need for them to panic and redeem investments.

Author: Divya Grover

This article first appeared on PersonalFN here.

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PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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'Game of Thrones'-themed ice hotel opens in Finland

"Game of Thrones" may return in 2019 but the winter is already here for the fans of the HBO epic fantasy drama who can now have a freezing experience in a new hotel that has opened in Finland, inspired by the show. The Leland Hotel SnowVillage transformed its annual ice hotel into a "Game of Thrones"-themed frozen resort in collaboration with HBO Nordic, according to Conde Nast Traveler.



The resort is complete with corridors and guest rooms lorded over by enormous hand-sculpted homages to the iconic White Walkers of mega-hit series. The hotel took barely one month to build with professional ice sculptors from Russia, Ukraine, Poland and Latvia working on it. The GOT admirers also have an option of sleeping under the stare of a White Walker or under the direwolf sigil, which belongs to House Stark.

The temperature inside the hotel hovers around 23 degrees Fahrenheit, which warrants full winter wear, but in comparison to outdoor temperature, around 10 degrees, it is pleasantly warm. A night stay at the digs cost around USD 200 and one can additionally pay 18 dollars to get a day pass for exploring the SnowVillage.

Catch up on all the latest Mumbai, National and International news here

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Inzamam-ul-Haq: Indian players' 100s was for themselves during our playing days

Former skipper Inzamam-ul-Haq believes the difference between India and Pakistan teams during his playing days was that Indian players played for themselves while Pakistani players played for the team.

"When we played against India, their batting was more powerful than us on paper. But even our batsmen scored 30 or 40 runs, it was for the team, but for India, even if they scored 100 runs, they played for themselves," Inzamam said during the chat show with Ramiz Raja on YouTube.

"So, that was the difference between the two sides," he added.

Inzamam, who represented the national team in 120 Tests, 378 ODIs and 1 T20I between 1991 to 2007, played at a time when Pakistan used to dominate India on the cricket field.

However, in recent times, the tables have turned with India having an upper hand over their Asian neighbours.

Overall, Pakistan and India have played 59 Tests, 132 ODIs and 8 T20Is against each other in which India have won 9, 55 and 6 matches respectively while Pakistan have emerged victorious in 12, 73 and 1 games respectively.

When it comes to 50-over World Cup, India have won all the seven matches they have played against Pakistan. In T20 World Cup, India have won four out of five matches against Pakistan while the remaining one yielded no result.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Wasim Akram: Sad that people still use my name to promote themselves

Wasim Akram has claimed that "some people" still use his name to "promote" themselves, a reference to ex-opener Aamir Sohail who has blamed the pace great for Pakistan not winning the World Cup since 1992. "Whenever I hear these negative things about myself I feel very sad that it has been 17 years since I retired but even today they are some people using my name to promote themselves," Akram said on a web show. Wasim said even he could say a lot of negative things about others but refrained from doing so.

"I can also make negative comments about these people but what purpose will it serve. That is why I keep quiet. I just think about the respect and love I have earned from the people over the years and even 17 years after retirement," he said. Sohail, who is also a former Pakistan captain, has claimed that Akram's job as captain in the 1996 and 19999 World Cup and as a senor player in the 2003 edition was to ensure that Pakistan never repeated their 1992 title-winning feat.

"It's very simple. Put the 1992 World Cup to one side and talk about the 1996 World Cup. In 1995, Ramiz Raja was captain. Saleem Malik was the captain before that, he was very successful and if he could have spent one more year as captain then Wasim would not have been leading the side," Sohail was quoted as saying by Dawn. "If you look at what happened till 2003, there was this persistence before every World Cup to remove the captain and put Wasim Akram in that role...Look, the biggest contribution by Wasim Akram for Pakistan cricket was making sure Pakistan does not win a World Cup after 92," he added.

Former Pakistan pacer Ata ur Rehman and former PCB chiefs, Khalid Mahmood and Lt General (retd) Tauqir Zia, have also mentioned Akram's name while discussing the match-fixing allegations of the 90s and the Justice Malik Qayyum report.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Tax-News.com: Netherlands To Improve Employee Allowance Scheme

The Dutch Ministry of Finance announced on February 1, 2019, that the work-related costs scheme will be improved from 2020.




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Tax-News.com: EU Approves Linking With Swiss Emissions Trading Scheme

The European Council on November 10 authorized the signing of an agreement with Switzerland to link their emissions trading systems.




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J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0%

Posted by Equitymaster
      

J.B.CHEMICALS share price has hit a 52-week high at Rs 625 (up 2.0%).

Meanwhile, the BSE 500 Index is at 12,146 (up 1.7%).

Among the top gainers in the BSE 500 Index today are J.B.CHEMICALS (up 2.0%) and ICICI SECURITIES LTD (up 10.5%).

CYIENT (down 5.6%) and RELIANCE CAPITAL (down 5.0%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 625, registering a gain of Rs 294 (up 87.64%).

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 435.7%), ABBOTT INDIA (up 145.8%) and NAVIN FLUORINE (up 122.8%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). DR. REDDYS LAB (up 4.1%) and INDIABULLS HOU. FIN. (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,277 to 32,089, registering a gain of -6,188 points (up -16.4%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.0x.

This article (J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0% ) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%

Posted by Equitymaster
      

J.B.CHEMICALS share price has hit an all-time high at Rs 635 (up 4.2%).

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.3%).

Among the top gainers in the BSE HEALTHCARE Index today are J.B.CHEMICALS (up 4.2%) and ABBOTT INDIA (up 0.3%).

CADILA HEALTHCARE and DISHMAN CARBOGEN AMCIS LTD (down 0.1%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 635, registering a gain of Rs 304 (up 91.7%).

The BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 8.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.2%), J.B.CHEMICALS (up 91.7%) and IPCA LABS (up 62.9%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include ICICI BANK (up 2.8%) and BAJAJ FINANCE (up 2.4%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 3.9%), INDIABULLS HOU. FIN. (up 3.6%) and INDUSIND BANK (up 3.6%). Other gainers include HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.8%).

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of -6,188 points (up -16.7%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.4x.

This article (J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Tax-News.com: SARS Hails Tax Amnesty Scheme Success

Over 2,000 taxpayers made use of South Africa's Special Voluntary Disclosure Programme, which closed on August 31, 2017, the South African Revenue Service said October 10.




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FM Sitharaman says Rs 18,253 crore disbursed under PM-KISAN scheme during lockdown

The FM also said that about three crore farmers with agricultural loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium announced by the Reserve Bank of India (RBI) in March




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Tax-News.com: HMRC Warns Against Use Of New CGT Avoidance Scheme

UK tax authority HM Revenue and Customs has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs' Relief by turning what would be income into a capital gain.




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Tax-News.com: EU Approves New Tonnage Tax Schemes

The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus.




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Tax-News.com: First Tax-Deferred Pension Scheme Launched In China

China's Government announced recently that a local insurance company had issued the country's first tax-deferred pension insurance policy, saying it marked the beginning of tax-deferred pension plans in China.




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Tax-News.com: IRS Offers Settlement Scheme To Micro-Captives

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.




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Tax-News.com: Maltese Tonnage Tax Scheme Approved By EU

Malta's tonnage tax scheme has been conditionally approved for a period of 10 years by the European Commission under EU state aid rules.




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Tax-News.com: Switzerland Extends COVID-19 Guarantee Scheme To Start-Ups

The Swiss Federal Council has announced that it will expand a system of guarantees for SMEs to provide support for start-ups during the coronavirus pandemic.




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Disrupting Glutamine Metabolism Aids to Treat Chemotherapy Resistant Pancreatic Cancer

Highlights : A way to utilize existing chemotherapy in a more efficient manner in treating pancreat




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Tax-News.com: Switzerland Extends COVID-19 Guarantee Scheme To Start-Ups

The Swiss Federal Council has announced that it will expand a system of guarantees for SMEs to provide support for start-ups during the coronavirus pandemic.




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Tax-News.com: EU To Probe Potential Abuses Of Citizenship By Investment Schemes

For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states.




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Tax-News.com: HMRC Shuts Down 'Liberty' Tax Avoidance Scheme

HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands.




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Tax-News.com: UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules

On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes.




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Press Release: Mobile phone app launched to strengthen new insurance scheme for India’s farmers

International Water Management Institute (IWMI) launched a mobile app, called AgRISE, in support of a new national agricultural insurance scheme.




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Ischemic Stroke Risk High In Taiwan Due To Air Pollution

Long-term exposure to hydrocarbons in the air may be a risk factor for ischemic stroke development. Previous studies have demonstrated a link between




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Majority Consider Themselves More Environmentally Friendly Than Others, Says Study

People tend to overestimate their personal environmental engagement, revealed research from the University of Gothenburg. In a study with participants




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Household Chemical Usage Related to Language Delays Among Kids

Kids from low-income homes whose mothers reported regular use of toxic chemicals such as household cleaners were more likely to show language delays by




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Cleaning Products Could Expose Kids to Hazardous Chemicals at Child Care Centers

Floors and furniture in most daycare centers are being mopped and cleaned constantly to protect kids from infections. But, frequently getting exposed




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New Year's Resolutions: How to Make Them and Stick to Them

Setting New Year's resolutions can be a frustrating proposition. It's disheartening to look back at old resolutions to see they've failed to take hold




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Study Shows How People Trick Themselves into Thinking Something is Heavier Than It Really is

If a person holds the car steering wheel at certain angles (1, 4, or 5 on the clock) then it's likely you're over or underestimating how much force you




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Chemo Still A Good Option For Dangerous Childhood Brain Cancer Despite Failures

There are no targeted therapies or immunotherapies proven effective to treat pediatric brain cancer better than chemotherapy. In fact, chemotherapy has




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New Drug Prevents Cardiac Events in Children Undergoing Chemotherapy for Leukemia

In pediatric patients undergoing chemotherapy for acute myeloid leukemia (AML), the cardioprotective drug dexrazoxane preserved cardiac function without




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Innovative Approach May Help Control Fluid Intake during Hemodialysis

Novel approach can help facilitate the reduction of the fluid intake during hemodialysis, reports a new study. The findings of the study are published in the iJournal of Advanced Nursing/i.




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Physically Active Older Veterans Fall More, but Hurt Themselves Less: Study

Older veterans who are physically active fall more and are less likely to injure themselves when they do, says a University of Michigan researcher. A




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Mathematical Model can Lead to Better Diabetes Treatment

New model can predict which types of glucose-responsive insulin will work in humans and animals and may help in diabetes treatment. The findings of the




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Wearable Biosensor Monitors Body Chemistry to Boost Athletic Performance (and) Prevent Injury

Novel device, which is in the size of a wristwatch, can monitor an individual's body chemistry to help improve athletic performance and identify potential health problems.




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New Hydrogel Platform Enables Production of Medicines, Chemicals

New Hydrogel-based approach helps to access critical medicines, chemicals for daily usage. This is beneficial for people residing in remote villages or




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Male Fertility After Chemotherapy: New Insights

New pilot study highlights the effect of chemotherapy on male fertility before and after puberty. The findings of the study are published in the journal iPLOS ONE/i.




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School Going Children's Heavy Backpack Affect Them Drastically

Children's backpack weighs more than they can often lift. Some say its a torture to carry a heavy bag back and forth to school and home. Have you ever