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Mumbai Crime: Case against club members for defying lockdown

A case has been registered against office-bearers of Bandra Gymkhana in the city for violation of lockdown after a video purportedly showed members celebrating its completion of 85 years despite the lockdown restrictions.

A lawyer filed a complaint saying that a video on social media showed Gymkhana members singing and dancing during the celebration of completion of 85 years of the club, a police officer said.

A case under IPC sections 188 (defying public servant's order) and 269 (act which may spread infection) was registered against office-bearers and some members, he said, adding that probe was on.

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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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Sorry Warren Buffett, I'm Following This Man Instead of You in 2020

Posted by Equitymaster
      

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...... [Read On]




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Insta-stylists are the new big thing

Gone are those days when runways and red carpets were the only places to look out for latest fashion trends and styles, that too, only for the big events.

Thanks to social media, we have insta-looks for our daily life, with the very basic clothes and accessories in the cupboard.

The most influential women in fashion, like Gigi Hadid, Kim Kardashian West, Selena Gomez, Sonam Kapoor and others, give us major fashion goals, even while going to the gym, airport, a coffee run, and everything in between.

Relating to this, Vogue, in an article, wrote, 'Perhaps that micromanaged, not-quite-genuine feeling has something to do with our interest in the complete opposite: fashion that's less predictable, less deliberate, and maybe a little strange. The coolest stylists we're following aren't necessarily dressing top models or actresses; they're doing editorials for indie magazines, taking raw selfies in their own vintage finds, and getting noticed for it via Instagram.'

The fashion magazine even picked up three new fashion stylists on Instagram- Anastasiia Gutnyk, Leah Abbott, Ewelina Gralak- who can actually be our everyday guide to rule the world in style.

Anastasiia Gutnyk is based in the U.K. and grew up in Ukraine. Following her Instagram, it can be seen that she majorly style herself in fun and quirky manner, with the commonly available clothes and accessories, rarely made by major brands.

'With everything I do, I try to have fun with it. In my case, it's about the energy, which is backed up with lots of colour and kitsch,' she said, as quoted by Vogue.

Leah Abbott first got recognised for her own offbeat style on the streets of London and worked with stylist Luci Ellis before striking out her own.

'I got into styling during my final year at university, because I was constantly being asked where I sourced the pieces I wore on nights out,' Abbott said. 'Most of it was second-hand. As a curvy black stylist, I haven't always been able to fit in major 'markets,' so I guess that made me stand out.'

Ewelina Gralak, who started styling in her native Poland and now lives in downtown Manhattan, is known for her singularly off-kilter vision'a mash-up of ugly-pretty shoes, lace tights, neon camouflage, and street-wear.

'I just surround myself and wear the pieces that I like at the time,' she said. 'That could really be anything'I'm obsessed with Japanese workwear, '90s hip-hop culture, military clothing, early [Nicolas] Ghesquière, [Maison] Margiela, Raf [Simons], and Alaïa. Mix that all together, add my Polish [upbringing] in the early 00's, and that's it.'

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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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Pistol ace Manu Bhaker installs electronic target at home

Pistol ace Manu Bhaker has got a new electronic target installed at the makeshift shooting range at her home in Haryana in place of an archaic manual machine that was breaking down frequently and hampering her Olympics preparation. The old machine was causing her "immense irritation". Delighted by the reboot in her training, the teenaged star has got down to preparing with renewed vigour, sure in her mind that the Olympics will take place next year despite the uncertainty in the world of sports due to the COVID-19 pandemic.

"I have recently got the machine installed at my home and this will be surely more beneficial in my training," Bhaker told PTI from her home at Goria village. Her father set up the range after she showed exceptional skills in the precision sport. Bhaker thanked the Sports Authority of India (SAI) and Olympic Gold Quest (OGQ), the organisation that manages her, for promptly getting the machine -- an avant-garde target -- delivered at her home despite the nationwide lockdown enforced to contain the COVID-19 pandemic.

"I was facing a lot of issues with the old machine as it was manual. The thread would come off and often it would break down on and off. Now it's very different with the new machine," the 18-year-old Bhaker said. "Since I feel there is unlikely to be any outdoor action and competitions for another three-four months, I thought it will be useful to get this installed at this point in time."

A medallist at ISSF World Cup, Commonwealth Games and the Youth Olympics, Bhaker was primed for success at sport's grandest and biggest stage in Tokyo which was to happen this year, but the unprecedented health crisis intervened and forced a postponement of the Games by a year. With the world still far away from bringing the situation under control, there are doubts if the Tokyo Games would be held even next year.

"Yes, the Indian shooters were in great form heading into the Games, but health is a bigger concern," Bhaker said. "I am very hopeful of the Olympics taking place next year and also confident of maintaining my game and hitting peak form there. This is a difficult time for the world but I have no negative thoughts and I am mentally prepared."

The target HS10 machine from Swiss company SIUS Ascor is designed for all air guns for distance ranging from 10 to 20 meters. Some of the salient features of the machine are its accuracy, integrated high-intensity LED target illumination, low operating costs (no paper rolls/rubber rolls) and it is also suitable for outdoor shooting.

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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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Sunny Leone shares her lockdown piece of art on Instagram

Sunny Leone may have her hands full with household chores, but she has also been pursuing painting. She recently completed her 'piece of art', which the actor has titled Broken Glass. She flaunted her artistic streak on social media and wrote, "Finally, done with my lockdown art. It's called Broken Glass as it is sort of... like our lives at the moment. Everything might feel shattered but every piece is meant to be next to each other... to be made whole again. So, if we can work together, we will also feel whole again and come back together (sic)."

Sunny Leone and Daniel Weber have self-quarantined themselves along with the kids Asher, Daniel and Nisha. The entire Weber-Leone family have been updating their fans with sweet family posts on social media.

Sunny and her husband Daniel Weber have always been extremely protective about their children and are often spotted with them. And now, during the lockdown, are spending quality time with them at home.

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Prabhas thank fans for the 'enormous outpouring of love that still flows' on Instagram

Tuesday marked three years of Baahubali: The Conclusion. Lead star Prabhas took to Instagram to thank fans for the 'enormous outpouring of love that still flows'. The South sensation wrote, "Baahubali 2 was not just a film that the nation loved but also the biggest film of my life. I'm grateful to fans, team and director SS Rajamouli who made it one of the most memorable projects. I'm delighted for all the love the film and I have received (sic)."

 
 
 
View this post on Instagram

A post shared by Prabhas (@actorprabhas) onApr 27, 2020 at 11:30pm PDT

For the uninitiated, Prabhas started his career in 2002 and has never halted ever since! The actor has with every passing year given one of the most promising performances and characters we can all relate to.

Fans demanded another edition of the epic. Baahibali did tremendously well even at the box office and Prabhas was phenomenal. The speech delivery, physique, body language was so perfect that no one except Prabhas could have aced the role. Baahubali chose Prabhas and it's indeed amazing. Baahubali was one of the biggest films of all time and more so, for its grandeur and Prabhas' stardom.

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Irrfan Khan - The actor, the institution

The Lunchbox

Ritesh Batra's luminous film had Irrfan playing Saajan Fernandez, a man who falls in love in the autumn of his life over handwritten letters. The unusual love story won worldwide acclaim and was India's entry to the Oscar that year.

The Warrior

Irrfan played the titular role in the feature directed by Asif Kapadia, whose samurai-esque film was shot in Rajasthan and the Himalayas. The 2001 drama was selected for the San Sebastián Film Festival and won the BAFTA Award for Best British film.

Maqbool

Irrfan's search for a film that could do justice to his talent ended with Vishal Bhardwaj's Maqbool. As Bhardwaj began his adaptation of William Shakespeare's works, he could imagine no one except Irrfan as the desi Macbeth. He tackled complex emotions of guilt, and loyalty effortlessly.

The Namesake

If Bollywood woke up to his talent with Maqbool, the international audience sat up and took notice of Irrfan in Mira Nair's adaptation of Jhumpa Lahiri's novel of the same name. He reunited with Nair after two decades since Salaam Bombay .

Paan Singh Tomar

Tigmanshu Dhulia's dacoit drama was the start of Irrfan's golden run. He depicted the true-life story of an athlete turned criminal, which earned him a National Award.

Slumdog Millionaire

Irrfan played a cop in the Danny Boyle drama that won eight Academy Awards. It cemented his place in Hollywood as a crossover artiste. The fact that Wes Anderson wrote a part in The Darjeeling Limited to work with him was a validation of his talent.

Hindi Medium

The prequel to Irrfan's swansong, Angrezi Medium, won critical acclaim for discussing the flaws of the Indian education system with a touch of humour.

Inferno

It was a proud moment for India when the actor was chosen to share screen space with Tom Hanks in the 2016 screen adaptation of Dan Brown's novel.

Piku

In a casting master stroke, Shoojit Sircar brought together Hindi cinema's finest — Deepika Padukone, Amitabh Bachchan and Irrfan — for a heartwarming tale. His character Rana's banter with Big B's character Bhashkor was the highlight of the comedy.

A Mighty Heart

He played the chief of police in A Mighty Heart, alongside Angelina Jolie. Based on Daniel Pearl's wife Marianne Pearl's book by the same name, the film retraces the wife's search for Daniel, the journalist killed in Pakistan.

Talvar

Meghana Gulzar's retelling of the Arushi Talvar murder case had Irrfan play a cop who points out the discrepancies of the investigation. It was one of his best works, and premiered at the Toronto Film Festival.

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Sonakshi Sinha answers awkward questions thrown by netizens on Instagram

A bored Sonakshi Sinha asked netizens to throw her some awkward questions. A fan asked her if she was single? The actor replied, "Double. Hehe (sic)!" The actor then shared a mirror selfie to make the puzzled fan understand her reply. The interactive session brightened up her day as well as that of the fans. Like father Shatrughan Sinha, Sona, too, knows how to entertain with witty one-liners. Have a question, will answer, she says.

On the professional front, Sonakshi Sinha was last seen in Dabangg 3, opposite Salman Khan. Saiee Manjrekar was also a part of this comedy film. Now, the actress will be next seen in Bhuj: The Pride of India.

Bhuj: The Pride of India stars Ajay Devgn, Sanjay Dutt, Sonakshi Sinha, Sharad Kelkar, Ammy Virk and Pranitha Subhash. The film is directed by Abhishek Dudhaiya. In the film, Ajay will be seen playing Indian Air Force pilot Vijay Karnik, while Sonakshi will essay the character of Sunderben Jetha Madharparya, who is a social worker and a farmer women, who convinced 299 other women from Madhapur to help build a runway during the India-Pakistan war of 1971.

Speaking about her personal life, Sonakshi recently made headlines for dating Notebook actor Zaheer Iqbal. In a candid chat, Zaheer said, "Sonakshi and I laughed after reading the dating rumours. It was my first rumour so I didn't know how to react to it. People have seen all of us. Sonakshi and I chill together and someone must have seen that and might have started the rumour. Well, I'm sure that's how it started."

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Deepika Padukone loves raw mangoes and her latest Instagram post is proof

It seems our Bollywood divas are huge mango lovers. After Kareena Kapoor Khan, actress Deepika Padukone has now taken to social media to express her love for raw mangoes.

Sharing a picture of mouth-watering raw mango slices with lots of chilli powder sprinkled on it, Deepika wrote: "You're simply the best, better than all the rest... Better than anyone, anyone I ever met."

Reacting to her mango-licious post, a user commented: "Raw mangoes are the best." Another one wrote: "It looks so yumm." Have a look right here:

 
 
 
View this post on Instagram

You're simply the best, better than all the rest Better than anyone, anyone I ever met...🤤

A post shared by Deepika Padukone (@deepikapadukone) onMay 3, 2020 at 12:08am PDT

On the work front, Deepika will be next seen opposite her husband, Ranveer Singh in Kabir Khan's cricket drama 83. She is also part of Shakun Batra's next.

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Sonam Kapoor's latest series of throwback pictures is winning Instagram

Sonam Kapoor is quite active on social media when it comes to sharing throwback pictures. Lately, the 'Delhi-6' actor shared a throwback picture where she is seen in a red velvet lehenga, draped with a sheer yellow dupatta, channelling her inner 'Anaarkali' moment.

For Halloween last year, the actor had dressed up as Anarkali in chains while her husband Anand Ahuja was seen as Salim. When it comes to fashion, Sonam Kapoor plays the game well. The actor who shared a series of her stunning pictures on Monday is the new attraction on Instagram.

 
 
 
View this post on Instagram

This is me being casual and nonchalant. Obviously these are throwback.. please tag the credits guys I don’t remember..

A post shared by Sonam K Ahuja (@sonamkapoor) onMay 4, 2020 at 6:57am PDT

Talking it to the photo-sharing platform, the 34-year-old actor shared six images from an indoor photoshoot she had earlier shot for.

 
 
 
View this post on Instagram

How at home shoots used to look like.. I also really like this outfit.. remind me who this is by?

A post shared by Sonam K Ahuja (@sonamkapoor) onMay 4, 2020 at 6:56am PDT

Not only are the pictures glamourous, but the actor also managed to bring the captions relevant to the current time when everybody is staying indoors to prevent the spread of the coronavirus.

 
 
 
View this post on Instagram

Pjs in bed? Not me... 😂

A post shared by Sonam K Ahuja (@sonamkapoor) onMay 4, 2020 at 6:52am PDT

The first picture among the series, has Kapoor effortlessly lying on a pink coloured furry couch.

 
 
 
View this post on Instagram

Always on the 📞

A post shared by Sonam K Ahuja (@sonamkapoor) onMay 4, 2020 at 6:50am PDT

For the captions, the 'Prem Ratan Dhan Payo' actor wrote: "Lounging at home like.."

 
 
 
View this post on Instagram

Quarantine look 2 😂.

A post shared by Sonam K Ahuja (@sonamkapoor) onMay 4, 2020 at 6:48am PDT

Meanwhile, dubbing the second picture as the "Quarantine look 2," the actor looks stunning in golden shimmery attire.

 
 
 
View this post on Instagram

Lounging at home like.. 🌟

A post shared by Sonam K Ahuja (@sonamkapoor) onMay 4, 2020 at 6:47am PDT

With a middle partied, voluminous hair left open, she is seen sitting on regal throne-like furniture as she strikes the pose.

For another Aerial shot picture in the series, where 'Neerja' actor is seen laying on the bed in a beautiful black outfit, she wrote in captions: "Pjs in bed? Not me... "

Earlier, the 'Neerja' actor took a trip down the memory lane and shared photos from her wedding function. Giving all her fans the perfect 'Veere Di Wedding' frame, the actor also posted a picture of her girl gang from her wedding functions.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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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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Kanika Kapoor is missing her three children and her latest Instagram post is proof

It has been a rough and tough journey for Bollywood singer Kanika Kapoor in these last few weeks. She was tested Coronavirus positive four times and what followed next was some investigation by the Lucknow police. Amid all this panic and pandemonium, she has been majorly missing her three kids, her lifelines- Aayana, Samara, and Yuvraaj.

Taking to her Instagram account, she posted a picture of the three kids and wrote- "I miss you soo much." (sic) Bhavana Pandey commented on the post with a black heart whereas Seema Khan commented with two red hearts. There was another picture along with this that had the quote- "When you love what you have, you have everything you need."

Have a look right here:

 
 
 
View this post on Instagram

I miss you soo much 💙💛💜

A post shared by Kanika Kapoor (@kanik4kapoor) onMay 4, 2020 at 3:24am PDT

Kanika Kapoor has been on a very difficult journey and all her fans are elated she's now fine. She became everyone's favourite after the blockbuster success of Baby Doll in 2014 and now we can't wait for her to croon again once the lockdown is over.

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Mahesh Babu stands by the #KillFakeNews agenda, raises his voice against fake websites

Superstar Mahesh Babu is one of the most critically acclaimed actors of the southern film industry and cherishes a humongous fan following throughout India. His social media is popular to spread messages that support certain social causes. The actor and his fans are known to storm social media with their social campaigns.

Recently, Mahesh Babu took to his social media to share a post about wiping away fake news and gossip websites that often spread misinformation and lies about celebrities.

These blogs or gossip websites leech off the actor's popularity and spread misinformation about them to gain views on their respective pages. It is crucial that these websites and rumors be put to a stop so that they can stop spreading fake rumors. Mahesh Babu shared the post on social media under the tag of "#KillFakeNews" against misinformation being spread with the caption.

Have a look at his tweet right here:

It's highly commendable someone has finally spoken against these lies and false news!

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COVID-19: Sonali Kulkarni makes an important appeal, says our fight is against the virus and not its victims

Noted actor Sonali Kulkarni known for lending support to social causes has raised her voice against the discrimination against COVID-19 positive patients across Maharashtra, through a video. 

There have been rising cases of COVID-19 positive or even suspected patients facing discrimination. Recently in Mumbai's Lalbaug area a 24-year-old photojournalist working with a Marathi newspaper was ostracised and verbally abused by his neighbours after he returned home from institutional isolation. 

The photojournalist had not even tested positive, however, since he was in close contact with two other photojournalists, who had tested positive, the BMC identified him as their high-risk contact and asked him to go to an isolation center on April 20. COVID-19 positive patients are also facing issues like their videos being circulated or their names being shared on Whatsapp groups.

Health professionals including mental health experts are increasingly expressing concerns over the long-term psychological impact of this on patients and their families. Even Chief Minister Shri Uddhav Thackeray has been urging people to show support towards the COVID-19 patients as well as their families instead of stigmatising them.

The 70-second video has been released by Mumbai based Waatavaran Foundation, and Jhatkaa.org who are working together in Maharashtra to create public awareness on COVID-19. The film has been conceptualised and executed by Goregaon based Geeta Singh and Avinash Kumar Singh of Turtle on a Hammock Films. Through this video, popular actor Sonali Kulkarni is seen encouraging and urging people to treat those suffering from COVID-19 with dignity and respecting their privacy. Have a look right here:

"The unfortunate fact is that being COVID-19 positive seems nothing less than a crime as people think that if a person is tested positive for COVID-19 the person is a criminal. This is wrong and this mentality needs to change," says Sonali Kulkarni in the video. "Our fight is against the pandemic, not the people suffering from it," appeals Kulkarni.

Kulkarni concludes by appealing to the public that, let's not shake hands, instead let's shake off all the myths and stigma that is associated with being COVID 19 positive.

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Amitabh Bachchan quotes 'Subah hoti hai' sung by Lata Mangeshkar in latest Instagram post

Posting a picture of himself, megastar Amitabh Bachchan on Wednesday quoted lyrics of Lata Mangeshkar's famous song 'Subah hoti hai' to describe how time is flying during lockdown.

Bachchan who is quite active on social media took to Instagram and posted the picture. In the picture, he is seen wearing a black coloured sherwani paired with black glasses.

The picture also featured a couple of murals of the superstar in the background. "Subah hoti hai, shaam hoti hai; Umr yunhi tamaam hoti hai!" he wrote in the caption.

The song sung by Lata was originally penned by Munshi Amirullah Tasleem according to Rekhta foundation. Bachchan is one of the most socially active veteran actors of the Bollywood industry. He keeps treating his fans with his pictures and his thoughts on contemporary issues on social media.

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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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Neena Gupta does a happy dance as she crosses 5 lakh followers on Instagram

Neena Gupta is on a spree lately! After taking Instagram by storm with her quirky and cute photos and videos, the veteran actress has also taken over cinema halls with her latest flicks. From asking for work on the 'gram to modelling her daughter ace fashion designer Masaba Gupta's outfits, Neena Gupta is unstoppable.

Recently, the actress shared a video of herself doing a happy dance and thanking her Instagram followers as she crossed 5 lakh followers on the photo-sharing app! Check out the fun video below:

 
 
 
View this post on Instagram

Thank you thank you

A post shared by Neena Gupta (@neena_gupta) onMay 7, 2020 at 7:46am PDT

We can't get over how adorable Neena Gupta is in the video! And the dance is kind of cute, too, don't you think?

Neena Gupta has been spending her lockdown her home in Uttarakhand and sharing pictures from the scenic locales. She shared a video showing off the beauty of the place, writing, "Good morning from Mukhteshwar Uttarakhand."

 
 
 
View this post on Instagram

Good morning from Mukhteshwar Uttarakhand

A post shared by Neena Gupta (@neena_gupta) onMay 6, 2020 at 6:15pm PDT

On the work front, Neena will be seen sharing screen space with her daughter Masaba in her Netflix show Masaba Masaba. The actress was last seen in the hit comedy film Shubh Mangal Zyada Saavdhan, co-starring Ayushmann Khurrana.

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Baby joy! Dimpy Ganguly shares a picture of her newborn on Instagram

Dimpy Ganguly welcomed baby no 2 on April 11. She shared the news on social media yesterday and wrote, "Born on the eve of Easter... my little bunny blue, Aryaan, is here (sic)." Rahul Mahajan's ex-wife and the former Bigg Boss contestant relocated to Dubai after marrying businessman Rohit Roy in 2015. The couple's first-born is daughter Reanna who is three. Ganguly also posted a picture of the newborn with Rohit and Reanna.

 
 
 
View this post on Instagram

My world ❤ï¸Â #blessed

A post shared by Dimpy (@dimpy_g) onApr 12, 2020 at 10:25pm PDT

While announcing her pregnancy on social media, Dimpy Ganguly posted a pretty picture with the bump and wrote, "Being a mother has been one of my biggest achievements and I wear it like a badge because I take my job very seriously. I am giving a shape to the future generation, and I feel responsible for it. My role as a nurturer has paid me back in ways I couldn't even imagine. Destiny has decided to bless me yet again and I couldn't have been more happier."

Dimpy Ganguly has been married to the Dubai-based businessman Rohit Roy for the last four years. For the uninitiated, the duo tied the knot on November 27, 2015. The actress has been a part of many television shows like Rahul Ki Dulhaniya, Bigg Boss 8, Bade Achhe Lagte Hain, and Kahani Chandrakanta Ki.

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Shehnaaz Gill's grandmother hospitalised for liver ailment, father Santokh Singh Sukh posts on Instagram

The year 2020 keeps getting worse. In another heartbreaking piece of news, Shehnaaz Gill's grandmother has been hospitalised due to liver ailment and this news was broken by her father Santokh Singh Sukh on his Instagram account.

Taking to his account, he shared a shattering image of his mother and wrote- "My mother hospital mein hai liver mein problem ho gayi hai God jaldi thik kar do." (sic)

Have a look right here:

 
 
 
View this post on Instagram

My mother hospital mein hai liver mein problem ho gayi hai God jaldi thik kar do

A post shared by SANTOKH SINGH SUKH (@santokhsukh1) onMay 6, 2020 at 4:43am PDT

If you all go through the comments, everyone, especially Shehnaaz's fans, are praying for her recovery and we also hope she gets well soon and comes back home! If you all followed Bigg Boss 13, the actress, on multiple occasions, used to share anecdotes of spending some special moments with her grandmother and how she is really funny.

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Chahatt Khanna lashes out at trolls for calling her 'single mother', deletes her Instagram account

Chahatt Khanna separated from her husband Farhan Mirza in 2018 and was earlier married to Bharat Narsinghani. There were also reports that she was in a relationship with singer Mika Singh. She has been spending her lockdown with her kids and has also been sharing glimpses of her personal life on social media. Recently, she was trolled by netizens for being a single mother to her daughters Zohar and Amaira.

Now, the actress has lashed out at the trolls posting an open letter to them before deactivating her Instagram account. Bashing the trollers, she wrote, "Witches and b***hes who can never get love, bf or family in life, forget about kids, they will never understand that kids are a blessing and not a liability, or target to put a woman down. Khuda unko hi bachchon se nawajta hai jinki haisiyat aur kismat hoti hai. Main toh phir bhi theek ho jaungi, tumhari beemari ka kya hoga (God only blesses them with children, who have good luck. I will still be okay, how will you be cured of your illness)?".

In another of her Instagram stories, Chahatt explained the reason of quitting the photo-sharing app. She wrote, "No, I am not running away, just that I'll be busy with work, for a few days. Yes, my team will keep posting pics, not me. Par story par kuch logon ko muh tod jawaab dena bohot zaroori tha (But it was necessary to give it back to some people),” she wrote.

Earlier, the television actress had called the term 'Single Mother' as insulting. Speaking about her wish to settle down again, she said, "Of course, I want to settle down again. I would say that family is my priority and I have done my bit of my work. I have achieved success a few times that I wanted. I am doing well in my life, touchwood."

She added, "Right now, by God's grace, I have everything. After a while, I would like to settle down with a good life partner and not think about anyone or anybody." And as stated above, she also shed light on being a single mother and said, "It is a very insulting term, and I realised this much later. There is a term called Milf which these guys, doggers use for women who are elder to them, married, single parent, single mom, divorced and they think people like them are good to have fun with. This is a hard-hitting fact of our society which I just discovered a few days back and I was shattered when I came to know this. This is what happens when she steps out of her marriage."

She was recently in news when she and Mika Singh shocked and surprised a lot of people when they took to their respective social media accounts to announce to the world they are quarantined together. You all must have seen that post where the actress even used the hashtag #QuarantineLove to express her feelings for the singer. However, she issued a clarification later.

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Tax-News.com: Filipino Authorities Drop Tax Cases Against Might Corp

Having accepted a settlement from the tobacco firm, the Philippines Bureau of Internal Revenue and the Department of Justice on October 2 dropped three tax evasion cases against Mighty Corp.




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From hygienic packaging to food, here's how MEET PALAN is helping poor, needy for the fight against COVID-19

While checking our bank accounts and our stocked fridges this week, have felt a moment of gratitude for the economic security nets that we have, that will help us tide over the next 21 days untill 30th of April 2020, as announced by the Indian government for breaking down the chain of COVID-19 i.e Coronavirus.

But there are also many who don’t have this net, and now do not have the option of stepping out to earn their daily wage and henceforth they are needy.

Some organisations & Individuals are helping the fortunate former reach out to help the latter. Meet Palan if one of the individual helping the poor society during the lockdown.

To help you aid these initiatives, Volunteers for Meet's team has put together a list of verified Non-Government Organizations, charities and institutions, which are working towards this cause in Rajkot, Gujarat.

For instance, Meet's & his team has successfully called for contributions and have donated more than 270 kilograms of rice with more than 235 kilograms of dal which is the basic staple food in india. Congratulations to Mr Meet Palan and all the best to him for his good deeds.

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Anand Mahindra lauds this man's 'instant suit', says he want to gift him a lungi to complete it

The Coronavirus outbreak has infected millions of people across the globe and claimed many lives prompting governments to issue lockdown orders. The order has forced offices to provide facilities for working from home. Now with professionals working from home and attending meetings through video conferences, they have resorted to wearing casual clothes. But what if a last-minute video conference is planned? One has to rush to change into work clothes and attend the meeting. A man has come up with an instant solution to this problem which men can use, which has impressed industrialist Anand Mahindra.

The chairman of Mahindra and Mahindra group took to Twitter to post about this man's tutorial video about 'instant suit', with the hashtag #WhatsappWonderbox. The industrialist says in the post, "I'm going to ship this gentleman a lungi, so that he can complete his outfit by wearing it under his 'instant suit."

The post shared by the Mahindra on Wednesday garnered more than 126,400 views with over 7,800 likes and was retweeted more than 1,100 times, with hilarious reactions in the comments.

What do you think about the video?

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FIR against Arnab Goswami for accusing Sonia Gandhi over Palghar incident

After agitated Congress workers filed multiple complaints against Republic TV editor Arnab Goswami, an FIR has been registered against him in a police station in Chhattisgarh's Raipur. The FIR in the Civil Lines police was filed on the complaint of state Congress chief Mohan Markam under various sections of the Indian Penal Code, relating to promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc and deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs.

In the complaint, Markam said that in his TV programme, the editor has instigated a crime and tried to disrupt communal harmony.

The Congress has also talked to Maharashtra Chief Minister Uddhav Thackeray, Mahararashtra minister Balasahab Thorat said. "I condemn the attempts made by Arnab Goswami to communalise the unfortunate incident at Palghar & also the derogatory language used by him against @INCIndia President Sonia ji Gandhi. I have spoken to CM @OfficeofUT & HM @AnilDeshmukhNCP Strict action will be initiated against him," he said, in a tweet.

The Congress has also initiated an online campaign against Goswami on various social media platforms.

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FIR against Arnab Goswami for accusing Sonia Gandhi over Palghar incident

After agitated Congress workers filed multiple complaints against Republic TV editor Arnab Goswami, an FIR has been registered against him in a police station in Chhattisgarh's Raipur. The FIR in the Civil Lines police was filed on the complaint of state Congress chief Mohan Markam under various sections of the Indian Penal Code, relating to promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc and deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs.

In the complaint, Markam said that in his TV programme, the editor has instigated a crime and tried to disrupt communal harmony.

The Congress has also talked to Maharashtra Chief Minister Uddhav Thackeray, Mahararashtra minister Balasahab Thorat said. "I condemn the attempts made by Arnab Goswami to communalise the unfortunate incident at Palghar & also the derogatory language used by him against @INCIndia President Sonia ji Gandhi. I have spoken to CM @OfficeofUT & HM @AnilDeshmukhNCP Strict action will be initiated against him," he said, in a tweet.

The Congress has also initiated an online campaign against Goswami on various social media platforms.

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COVID-19: Experts warn companies to guard against fake news to tackle crisis better

As the deadly coronavirus infection spreads fast in India and elsewhere, even faster is the spread of fake news regarding the pandemic and experts warn this 'infodemic' can have huge economic costs for companies across the world in addition to health concerns for the public at large. While authorities have announced severe penal actions for those spreading fake news regarding this pandemic, which has already caused nearly 2 lakh deaths globally with more than 28 lakh infections since its outbreak in China last December, widespread misinformation surrounding the disease has seen people drinking disinfectants and industrial alcohol while trying various rumoured treatments.

False claims and fake news, mostly forwarded through social media platforms, have also led to several cases of religion-based attacks, hate speeches and other discriminatory activities, while cyber frauds are also on the rise with scamsters seeking to take advantage of the crisis situation. In addition to the damages caused to public health and societal behaviour, experts warn the undeterred wave of fake news poses a huge risk to corporates, for whom it becomes difficult at times to filter out the right information that is crucial for them to ensure success of their business continuity, especially when almost the entire world is locked down.

Farah Lalani, who is a community creator for media, entertainment and information industries at the Geneva-based World Economic Forum (WEF), said businesses need to be proactive about calling out misinformation that is spreading about their brand, directing customers to official channels and making sure there is always clear and up to date information on all their social accounts. "While bad actors, fraudsters, and uninformed users can spread fabricated or misleading information, if businesses collaborate closely with the entire media ecosystem and regulatory bodies, they can start to work together to solve this very challenging problem," she told PTI.

In India, some organisations including industry bodies and advocacy groups have begun compiling official and credible information about the COVID-19 fight and the ongoing lockdown to help companies in their preparedness for tackling the crisis. Leading advocacy group Chase India, which was among the first to start this practice right from the initial days of the COVID-19 crisis emerging as a major threat in the country, has been sending across multiple daily updates to its clients, including on the latest actions taken by the central and state governments and also on initiatives being taken by various corporates.

Experts said the correct information is necessary for companies to help them understand, analyse and then implement various new guidelines being issued by the central and state governments. "In today's circumstances, besides the current public health crisis of COVID-19 and socio-economic impact related to climate change, one of the biggest concerns is legitimate and timely sourcing of information," Chase India's co-founder and Executive Vice President Manash K Neog said.

"As a public policy consultancy, our key challenge during the pre-lockdown phase was to mitigate frenzy around rumours of lockdown for our clients as it was creating panic for the operational teams of clients. "Further to that, we have institutionalised mechanisms such as our hourly and daily COVID-19 advisory trackers for the central and state governments to support clients with timely and authentic information basis which they are able to better plan their business continuity strategies," he added.

According to experts, companies are working hard to ensure timely access to right information as costs could be too high for them if they fall for some misinformation and in such a situation the role of media is also very important. Releasing a new survey recently, which found that just about one-fourth of the consumers in India currently pay for news but nearly two-thirds are willing to pay, the WEF said the current coronavirus challenge further emphasises the indispensable role that the media plays in society today.

With social media becoming the main platform for spread of false claims, giants like Facebook and Twitter have also begun deleting such posts and taking other actions. Some of the posts deleted on such grounds include those of public figures as well, the most famous being posts shared by Brazilian President Jair Bolsonaro in which he had claimed anti-malaria prescription drug hydroxychloroquine was an effective treatment for COVID-19.

Twitter had also deleted a post by Venezuela's President Nicolas Maduro in which he had apparently endorsed a "brew" for eliminating infectious genes. Various social media platforms have also imposed several restrictions on advertisements claiming various cures for COVID-19, while hate content regarding the pandemic is also being dealt with sternly. However, all these steps have not been able to totally eradicate the fake news flow, which the World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus described as 'infodemic' in the context of the novel coronavirus.

"We are not just fighting an epidemic, we are fighting an infodemic," he said, referring to fake news as something that "spreads faster and more easily than this virus". United Nations' chief Antonio Guterres too said last month that an "infodemic of misinformation" was also an enemy that we all need to fight while battling COVID-19.

"To overcome the coronavirus, we need to urgently promote 'facts and science' and 'hope and solidarity' over despair and division," he said.

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PM Narendra Modi in 'Mann Ki Baat': India's fight against coronavirus is people-driven

Prime Minister Narendra Modi on Sunday said that India's fight against the coronavirus is "people-driven" and is being fought by the masses and the administration together. "India's fight against coronavirus is actually people-driven. This fight is being fought by the people and the administration together. Every citizen as a soldier is fighting this war," Prime Minister Modi said in his monthly 'Mann ki Baat' address.

The Prime Minister said a vast country like India which is starving for development and fighting a decisive battle against poverty has only this option to fight against coronavirus. "I am confident that in future, whenever there is a discussion regarding the pandemic there will be a reference to Indian's people-driven fight against the infection," he said

The Prime Minister said today's Mann Ki Baat is taking place "when we are in the midst of a 'Yuddh' (war).

"When I talk about a mask, I remember an old thing. You also would be remembering, there was a time when a person seen buying fruits would be questioned whether someone in the family was sick. It meant, fruits could only be consumed during illness, such was the thinking that time. But with changing times, this thinking also changed," he said.

"Similarly, perception regarding the mask is also about to change. You will see that mask will now become a symbol of civilised society. If you want to save yourself and others from disease, then you will have to use a mask. And, I have a simple suggestion, 'Gamcha'," he added.

He added that in changing times due to COVID-19, masks are becoming part of our lives. "We have not been habitual of seeing people around us with masks but this is happening now. It doesn't mean that all those who use masks are sick," the Prime Minister said.

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Man booked for 'derogatory' post against Uddhav Thackeray, Sharad Pawar

A case has been registered against a man for allegedly uploading a "derogatory" post against Maharashtra Chief Minister Uddhav Thackeray, NCP supremo Sharad Pawar and Congress leader Rahul Gandhi, a police official said on Wednesday. The accused has been identified as Pushparaj Meshram, a resident of Kamptee, the official said.

"He had uploaded a derogatory post about these political leaders on Facebook. Based on a complaint, a case was registered against Meshram under IPC sections 505 (2), 500 (defamation), 120 (B) (criminal conspiracy)," inspector Narendra Hiwre of Lakadganj police station said.

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COVID-19 Outbreak: FIR registered against UP MLA, six associates for violating lockdown norms

Uttar Pradesh Police on Monday registered an FIR against independent MLA from Nautanwa Aman Mani Tripathi and his six associates for stepping out without having a valid pass during COVID-19 lockdown.

They were returning from Uttarakhand and were detained in the Nazibabad area of Bijnor district. Superintendent of Police (SP) Bijnor Sanjeev Tyagi said, "He was not authorised by Uttar Pradesh government to go to Uttarakhand. He was out unnecessarily and did not have a valid pass. Action is being taken. He will be quarantined and tested."

No weapons were recovered from the seven, added the SP. Tripathi and others were earlier arrested by the Uttarakhand Police on Sunday allegedly for violating lockdown norms and misbehaving with government officials.

After the arrest, they were served a notice and were sent back to Uttar Pradesh. The incident had occurred at Gauchar of Chamoli district where his entourage was stopped for screening by the officials on duty. Tripathi, along with 10 others, was on a trip to Badrinath and Kedarnath.

Uttarakhand DG, Law and Order, Ashok Kumar had told ANI that an FIR has been registered against Tripathi and 11 other persons under Sections 188, 269 and 270 of the Indian Penal Code, Disaster Management Act and Epidemic Disease Act.

The Uttar Pradesh government had clarified on Monday that it did not authorise Tripathi to travel to Uttarakhand.

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Chris Pratt hilariously trolls brother-in-law Patrick Schwarzenegger over Instagram photo credit

American actor Chris Pratt poked fun at his brother-in-law, Patrick Schwarzenegger over the latter's Instagram post caption.

Schwarzenegger, brother of Pratt's wife Katherine, shared a photo on Instagram of himself and his girlfriend, Abby Champion, to celebrate Easter on Sunday, showing the two cuddled up to each other, smiling and holding up a bunny-shaped cake."

Schwarzenegger's caption read, "HAPPY EASTER!! THIS CAKE TOOK US 6 HOURS. We burnt 1 cake, 1 was filled too high & dripped everywhere & destroyed the oven... We also got in 2 arguments during It!! And yeah... Was SO FUN!"

Pratt chimed in with a silly comment indicating that he took the photo, and furthermore, wanted credit for doing so.

He wrote, "That is an extraordinary picture. Who was your photographer? Clearly somebody with an amazing eye. Remarkable composition."

The 26-year-old star responded, writing, "u did well sir," adding a camera emoji.

Chris and Katherine got married in the summer of 2019 after the actor split from ex-wife and actor Anna Faris.

A source told Us Weekly last month that Pratt is feeling very confident in his relationship these days.

The source said that Chris was very insecure about himself before he started dating Katherine. He never felt 'good enough' for Anna Faris, and then when their relationship started to go downward, "he was angry and not liking who he was."

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Johnny Depp makes Instagram debut; garners over a million followers

Hollywood actor Johnny Depp has stepped into social media by joining Instagram to share a special message for fans affected by the COVID-19 pandemic.

The "Pirates Of The Caribbean" star made his debut on the platform on April 16 by sharing a photograph of himself sitting on an old wooden bench in what seems like a cave, surrounded by candles and lights.

"Hello everyone... filming something for you now... gimme a minute," he captioned the image.

 
 
 
View this post on Instagram

A post shared by Johnny Depp (@johnnydepp) onApr 16, 2020 at 7:12am PDT

Depp gained 600,000 followers just three hours after creating the account, reports aceshowbiz.com.

A representative for the official account of his band The Hollywood Vampires and member Joe Perry both left comments featuring similar emojis on the comment section.

Moments later, the actor came back on the photo-sharing website and posted a piece he'd been filming.

A video message, which started like: "Hi everyone, hello to whomever might be out there in ether-land receiving this transmission. This is my first experience within the world of social media. I've never done anything like this before. I don't think I've ever really felt any particular reason to, until now."

"Yeah, now is the time to open up a dialogue as the threat of this invisible enemy has already caused immeasurable tragedies and enormous damage to people's lives. People are ill and without care, people are getting sick, fighting for breath and dying at frighteningly high rates."

Depp went on to reference those who have lost their jobs and others living on the streets "with no shelter or option of self-isolating at all".

"So I feel we need to try and help each other through these hard times, these trying times, for those we love, for our community, for ourselves, for the world and for the future."

He concluded his first Instagram message by thanking fans for "your kindness, your unwavering support and your strength over these years. I am touched beyond words."

The actor then shared his version of musician John Lennon's "Isolation" saying that "there's more to come" and noting that he hoped fans would "enjoy our version."

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Richa Chadha-Ali Fazal party with Mindy Kaling, on Instagram

As the world began bingeing on Mindy Kaling and Lang Fisher's new creation, Never Have I Ever, British musician DJ Rekha and Poorna Jagannathan — who plays a pivotal role in the comedy — hosted a special Instagram party on Sunday to celebrate the series. A Bollywood-themed virtual bash seemed like the perfect way to tackle the lockdown ennui as several stars around the globe logged in to congratulate Kaling on her latest offering. Amongst the Bollywood stars to join the fanfare were Richa Chadha and Ali Fazal.


Mindy Kaling

A source reveals, "It was essentially a lockdown party with Mindy joining in from the US, and Richa and Ali logging online from Mumbai. Oscar-winner Mahershala Ali too attended the virtual do. Most of the stars had watched the show beforehand. While they loved how the slice-of-life series captured the joys and sorrows of a second-generation Indian teenager growing up in the US, the larger discussion was about how it beautifully highlighted the issues faced by people of different ethnicities through the protagonist and her diverse set of friends. DJ Rekha made sure that the party, though online, wasn't without its share of music as she belted out hits from her console."


Mahershala Ali

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Chris Evans joins Instagram for a cause

"Captain America" star Chris Evans has finally joined Instagram to raise funds for the fight against the novel coronavirus. Evans made his debut on the photo-sharing website on May 1 and shared that he is taking part in the All In Challenge, launched to help raise money to fight hunger during the COVID-19 pandemic, reports aceshowbiz.com.

In his debut video Evan says: "A virtual hangout with me and five of my closest friends." He was referring to his "Avengers" co-stars Robert Downey Jr., Chris Hemsworth, Scarlett Johansson, Mark Ruffalo and Jeremy Renner.

"We can do a private Q&A. You can ask us anything. We'll spill the beans. And then maybe some games."

Evans feels the cause should encourage fans to join in. "This is a great cause. This helps people who are in need during this COVID nightmare. So I am very happy to be doing this."

He then passed the challenge to fellow Marvel star friends, Sebastian Stan and Anthony Mackie, as well as "Pose" star Billy Porter.

The actor's challenge page shared details that the offer of hanging out goes to one lucky winner and two friends.

"100 per cent of the money raised through this Game/Auction will go directly to Feeding America, Meals On Wheels, World Central Kitchen and No Kid Hungry," read his statement.

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John Cena pays his respects to Irrfan Khan by sharing his picture on Instagram

After mourning the demise of the late veteran actor Rishi Kapoor, WWE champion and Hollywood actor John Cena has now taken to social media to pay homage to Irrfan Khan, who too passed away.

Remembering Irrfan, Cena posted a picture of the former from his famous movie Life of Pi. Reacting to the post, several users thanked Cena for paying tribute to Irrfan.

"You care for the Indian people ..love you Cena," a social media follower commented. Have a look right here:

 
 
 
View this post on Instagram

A post shared by John Cena (@johncena) onMay 2, 2020 at 4:40am PDT

Irrfan breathed his last on April 29 at the age of 54. He was admitted to Mumbai's Kokilaben Dhirubhai Ambani hospital with a colon infection earlier this week. However, he succumbed to his ailment.

This is not the first time that Cena has posted a picture of an Indian celebrity. His account also includes pictures of the likes of the batting legend Sachin Tendulkar, actress Shilpa Shetty and Bigg Boss 13 contestant Asim Riaz.

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Pune: Youth installs Sambhaji's statue in garden without permission

Fed up of the delay in installing a statue of Sambhaji in the eponymous garden run by the Pune Municipal Corporation (PMC), a Pune youth went ahead and completed the job himself. He installed the statue in the Chhatrapati Sambhaji Garden and even took a video of the same, which went viral on social media. The Pune police later removed the statue.

In January 2017, the statue of well-known Marathi playwright Ram Ganesh Gadkari was removed from the garden by admirers of Sambhaji. This time, Ganesh Karle, a member of Swabhimani Sangathana, installed Sambhaji's statue there. A case of trespassing and creating tension in society under relevant sections of the Indian Penal Code was registered against him.

Inspector Arun Avhad from Deccan Gymkhana police station said, "On Tuesday, around 3 am Karle installed the statue. He then uploaded a video in which he warned people against removing it. As soon as we were alerted to the video, we removed the statue to avoid tension in the area and had to increased bandobast in the city. The municipal corporation will soon install Sambhaji Maharaj's statue in the garden."

Karle said, "For the past two years, the government and politicians have been delaying the installation of the statue. On the occasion of Shivaji Maharaj's birth anniversary we installed it ourselves." Sambhaji Brigade's Pune city president Santosh Shinde said, "We have been demanding the installation of Chhatrapati Sambhaji's statue for the past eight years but no political party is keen on pursuing it."

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Pune citizens to campaign against Sadhvi Pragya Singh Thakur in Bhopal

At least 100 people from the city will soon be on their way to Bhopal, to campaign against Bharatiya Janata Party (BJP) candidate Sadhvi Pragya Singh Thakur. Pragya had recently courted controversy with her statements on former Anti-Terrorism Squad (ATS) Chief Hemant Karkare and the demolition of the Babri Masjid. She had claimed to have 'cursed' Karkare, which is why she claimed he was killed by terrorists in the 26/11 terror attacks on Mumbai.

The Election Commission (EC) has directed the police to file an FIR against Pragya for her remark that she was "proud" of her participation in the demolition of the Babri Masjid at Ayodhya in 1992.

On Wednesday, Mulnivasi Muslim Manch President Anjum Inamdar, former Justice B G Kolse Patil, former IPS officer Suresh Khopade and others came together to form a team of the people who will head to Bhopal next week, along with those were injured and kin of those who died in the Malegaon blast, in which Pragya is an accused. She is out on bail.

'An anti-social element'

Khopade said, "We live in a democracy and want our representative to respect our parliament and work for society. But it seems that Pragya is an anti-social element. We will campaign against her and the BJP for shielding and encouraging such destructive people to breach the peace in society." Their week-long campaign will involve going door-to-door and handing out pamphlets and telling people not to vote for Pragya. Bhopal goes to the polls on May 12.

Inamdar said, "Such people cause hatred between communities. We will make people aware of whom they are going to vote for, and tell them the consequences of that." Kolse Patil said, "Her statements speak about the way she is going to handle work. Why is no action being taken by this government against her when it usually files cases against such statements?"

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates





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Neena Gupta shares a dramatic video of herself thanking her five lakh followers on Instagram; Watch

Neena Gupta treated her followers on Instagram with a fun video as the actress hit the five lakh mark on the social media platform. On Thursday, Neena Gupta took to Instagram to express her gratitude to all her fans who helped achieve five lakh followers.

Neena Gupta who is very active on Instagram shared a video where she is seen thanking her followers and fans. She is seen in a joyous mood as she cheerfully jumps around while addressing her followers. She said that it was because of her fans, their prayers and comments that helped her in hitting five lakh followers. Sharing the video, she wrote, "Thank you thank you."

 

View this post on Instagram

 

Thank you thank you

A post shared by Neena Gupta (@neena_gupta) on


Neena Gupta constantly updates her fans about her life and expresses her thoughts on various topics through social media. From her fitness to beauty care to current topics, the actress shares her opinion on everything.

Neena Gupta started her second wave in cinema with her incredible performance in the film Badhaai Ho. She was seen in Shubh Mangal Zyada Saavdhan and Panga.

ALSO READ: After getting a head massage from husband Vivek Mehra, Neena Gupta returns the favour




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Software defends against cyberattacks on energy grids

An EU-funded project is developing software designed to prevent, detect and act on cyberattacks on smart meters in big infrastructure installations, boosting the security of our power supplies.




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Will Mutual Fund Houses Act Against Companies Approaching Courts To Prevent Rating Downgrade Amidst COVID-19?

Posted by Equitymaster
      

Unnerving movements for debt mutual funds investors!

Just last week my colleague, Divya explained the fiasco at Franklin Templeton Mutual Fund, which took a decision to abruptly wind down six debt mutual fund schemes, namely:

In all, the above debt mutual fund schemes had an AUM of Rs 30,854 crore as of March 31, 2020.

The fund house cited, "severe market dislocation and illiquidity in the fixed income space" caused by the COVID-19 pandemic, as the reason behind the decision.

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Investors in these schemes are now left in the lurch: they cannot sell (nor buy) these funds and will have to rely on the fund house to get back their hard-earned money. Investors will have to hold their investments in these schemes until liquidity is available to the mutual fund house by either selling securities in the fund's portfolio or receiving maturity proceeds.

Currently, a fact is, not just Franklin Templeton Mutual Fund, but debt mutual fund schemes of many other fund houses are have a remarkable exposure to stressed assets.

According to portfolios disclosed on March 31, 2020, mutual funds collectively held Rs 1.38 trillion of exposure to debt securities issued by Non-Banking Financial Companies (NBFCs). Approximately Rs 51,000 crore of the exposure in debt securities has a maturity profile of less than 3 months; and now, mutual funds fear that there will be defaults.

NBFCs and other corporate borrowers claim that they do not have enough liquidity to fulfil their obligations and have requested for additional time. Given that, rating downgrades from rating agencies look likely.

However, some companies are playing smart: they are approaching the Courts to prevent a rating downgrade, plus seeking a stay on sale of pledged shares. Of course, they are well within their right to approach the judicial authority or Courts and contest.

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But the capital market regulator, seems to be in no mood in offering them any leeway. On the contrary, the regulator is asking the mutual fund industry to act against the issuer of securities who are possibly carrying high credit risk; facing asset quality problems.

Delays in repayments would mean the creation of more side-pockets by mutual funds. And in my view, more the losses investors suffer, more frustrating it will be for mutual fund houses and their investors. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

If you are wondering what has gone wrong, here's everything you may like to know about liquidity, credit risk and the exposure of mutual funds to corporate debt in the present scenario.

If you remember, the capital market regulator had mandated large corporations to source at least 25% of their borrowings from the bond markets from the beginning of FY 2019. This move was expected to deepen Indian bond markets and reduces the stress on banks. Just a year later, the same move is proving fatal for companies that went to the bond markets to raise money.

Now that the COVID-19 lockdown has forced many business units to shut off temporarily or operate much below their optimal operational capacity with a skeletal staff, companies, including the large organisations that relied heavily on debt markets, are finding it difficult to honour maturity claims on Commercial Papers (CPs), Non-Convertible Debentures (NCDs), and Bonds.

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They were hoping for an 'at-par treatment' with Banks when the Reserve Bank of India (RBI) offered a moratorium period to borrowers. But the RBI circular came to them as a shocker. The devil was in the details.

On March 27, 2020, the RBI issued a notification allowing a three-month moratorium on all outstanding term loans and working capital facilities on account of disruptions caused by the outbreak of coronavirus. This circular did not cover around 10 thousand NBFCs, who mainly depend on CPs, NCDs, and Bonds for their funding requirements.

As far as NBFCs are concerned, the RBI has already provided them with a liquidity facility through the banking channel. The RBI directed banks to utilise funds infused under Targeted Long Term Repo Operations (TLTRO) facility to invest in 'investment-grade' CPs, NCDs, and Bonds issued by NBFCs. Also, RBI mandated banks to allocate 50% of Rs 50,000 crore of liquidity introduced by way of TLTRO 2.0 to small and mid-size NBFCs and small finance banks.

But NBFCs seemed not too happy with just liquidity and many of them are now approaching courts to prevent rating downgrades. This is not a best practice for the industry, although fund houses may be well within their rights to contest.

Recently, Indiabulls Housing Finance was successful in receiving the interim order from Delhi High Court, throttling any coercive action against the housing finance company for its inability to repay its bondholders. The Delhi High Court will hear the case further on May 19, 2020.

This has added to the worries of mutual fund houses that now fear other NBFCs will follow the same path.

The capital market regulator, only recently (a few days ago) following the three moratorium by RBI (due to disruptions caused by COVID-19 pandemic) has relaxed the valuation norms for debt and money market instrument held by mutual funds vide a circular dated April 23, 2020, wherein it states as under:

  • Based on assessment, if the valuation agencies appointed by AMFI are of the view that the delay in payment of interest/principal or extension of the maturity of a security by the issuer has arisen solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by Reserve Bank of India (RBI) (vide notification no. RBI/2019-20/186, dated March 27, 2020) creating temporary operational challenges in servicing debt, then valuation agencies may not consider the same as a default for the purpose of valuation of money market or debt securities held by Mutual Funds.

    However, in the scenario, as stated above, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted.

But then what is the point of coming up with these valuation norms as an afterthought, and not in close synchronisation when the RBI came with its notification a month ago?

The damage now is already done and companies are anyways approaching the Courts to prevent a rating downgrade.

Let's say shares of a company are pledged and to recover the proceeds -- if they cannot be sold due to a court order -- then such lending would be as good as unsecured lending.

Also, why should that not be construed as an instance of deviation from the stated fundamental attributes of a debt mutual fund scheme? After all, mutual fund investors invest in debt fund schemes taking into account a certain level of risk. Change in the risk profile of a scheme is a change in the fundamental attribute/s.

According to India Ratings, NBFCs having the asset base of Rs 500 crore to 5,000 crore, largely fall between "A" and "BBB" rating categories.

The mid-path could be a decision on payment or deferring the payment in consultation with all stakeholders, including debenture trustees. The industry will require a blanket resolution because a case-to-case resolution approach is cumbersome and may create more chaos.

Unless the RBI takes a clear stance on NBFCs and other financial institutions, mutual fund houses are likely to feel the heat of redemptions. Suppose, there's no further statement issued by the banking sector regulator; mutual funds will have to be prepared to handle large-scale defaults, which might look inevitable. After all, a majority of NBFCs' customers are retail borrowers and they enjoy a moratorium on the EMI payment for 3-months. This has been the trickiest part for NBFCs.

While COVID-19 outbreak has been the genuine reason for the potential defaults this time, asset-liability mismatches of NBFCs are well-known. Many NBFCs have gone overboard with cheap credit available during stable market conditions. Their credit underwriting has been questioned widely. The industry has also witnessed belly-up instances such as IL&FS and DHFL. Many mutual fund houses have burned their fingers badly in such defaults.

At the time of writing this piece, to ease the liquidity pressure on mutual funds, the RBI today decided to provide a special liquidity facility of Rs 50,000 crore for mutual funds. Under this facility, the RBI will conduct repo operations of 90 days tenor at the fixed repo rate. This will be on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday (excluding holidays). The scheme is available from today i.e., April 27, 2020, till May 11, 2020, or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.

The RBI has stated further that the liquidity support availed under the Special Liquidity Facility for Mutual Funds shall be used by banks exclusively for meeting the liquidity requirements of mutual funds by, 1) extending loans; and (2) undertaking outright purchase of and/or repos against the collateral of investment-grade corporate bonds, CPs, debentures and certificates of Deposit (CDs) held by mutual funds.

Having taken this measure, keep in mind that it does not make investing in debt mutual funds risk-free. Considering the prevailing investment environment, you should stay away from mutual fund schemes whose portfolio characteristic appears compromised. Also, avoid credit risk funds and corporate bond funds as they are likely to be more vulnerable amidst the financial crisis followed by COVID-19 pandemic.

As a thumb rule: Choose mutual fund schemes from fund houses that follow prudent judicious investment processes and stringent risk-management systems.

In these uncertain times, it would be wise sticking to liquid funds and overnight funds while considering debt funds.

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.

As with all financial matters, better be safe than sorry!

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

Every month, PersonalFN's FundSelect service will provide you with insightful and practical guidance on equity mutual funds and debt schemes - the ones to Buy, Hold, or Sell.

If you are serious about investing in a rewarding mutual fund scheme, Subscribe now!

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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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Novak Djokovic: I am against vaccination

Novak Djokovic has said he would be against a compulsory Coronavirus vaccination if it became a requirement for tennis players to travel to tournaments. "Personally, I'm against vaccination. I wouldn't like that someone forces me to get a vaccine in order to be able to travel," the World No. 1 said late on Sunday.

The Serbian star was speaking from Spain, where he is in lockdown with his family, in a video conference held on his Facebook for Orthodox Easter. "We [players] will have to travel. I think it will be the number one challenge," he said.

"If it [vaccination] will become compulsory what will happen? I will have to take a decision," on whether to get a vaccine or not, he said. "This is my opinion at the moment. Whether it will change I don't know."

No vaccine currently
There is currently no vaccine for the virus that has claimed some 1,65,000 lives around the globe, though labs around the world are racing to develop a treatment. Like the rest of the sporting world, tennis has been on pause since early March, with the ATP and WTA Tours suspended until mid-July at the earliest and Wimbledon cancelled for the first time since World War II.

'No play before Sept, Oct'
Djokovic estimated tournaments would not restart "before September or October". "The season will officially restart when everyone will be 100 per cent certain that people can return, that there is no risk, that people are resistant to the virus and this takes time." Tournaments with travel limited to one country or a region could be possible, he said.

17
No. of Grand Slam singles titles won by Novak Djokovic

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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Four Indian women share mantras to race against the odds at workplace

The recently-released Emma Stone film, Battle of the Sexes, takes a relook at the debate on gender equality. Four Indian women, all in a minority in their professions, share mantras to come up trumps at the workplace

Go beyond misogyny
Priyanka Kochhar, Model and professional racer
Motorcycling remains a male-centric field. I model for a living so that makes it even stranger for men to see me on a bike. Luckily, I am my own boss but for every motorcycle I ride or event I participate in, I'm usually the lone woman. It used to be intimidating at first because I knew I wasn't as well-read about the technicalities of motorcycles.

But now, after two years of BikeWithGirl [her Instagram account], many male riders have begun to see me as they see their colleagues. I'm happy to note that motorcycle brands treat me the same way they treat male bikers. Maybe my hunger to do this is what they see and not my gender. The way I've tackled misogyny is by going beyond it. It used to rile me up at one point.

But work still has to get done, so I figured there was no point mulling over it. It has been hard, there's no denying it. And yes, there are still some critics but I've received a lot of support as well.

Be proactive at work
Archana Savleram Hadawale, Code-maker and software engineer
I am the only woman in a team of 11 men. I love to accept challenges, and coding offers a new challenge every day, which is why I picked the profession. You press an enter key, and the world changes. I come from a simple family where no one is a post graduate.

It wasn't easy to pick software engineering. My parents weren't supportive at first; they wanted me to get a nine-to-five job and pay attention to household work too. They also didn't want me to stress too much due to a health condition. There is a solution for everything. I meditate to deal with the stress that comes with the job.

If someone says you can't do it, tell him or her, 'Maybe I can't, but I will sit with you to get it done.' Don't wait to get work, ask for it. Whenever I work late, I see to it that there is someone whom I can trust around. Having a good senior helps. Since I don't come from the same social background as my colleagues, my manager provides me guidance to tackle hurdles. In the end, your work will do the talking.

Women must support women
Devita Saraf, Technology entrepreneur
Technology is challenging, engaging and futuristic; it's why I chose this field. I have two challenges, one that I am a woman, and two, I am a leader; people don't take this combination seriously. Whenever I am meet somebody or am at a meeting with a retailer, I show that I am in charge.

Your confidence should be high and your words must carry weight. This helps people take you seriously. It gets difficult in towns and cities outside metros where the older generation might show disregard. But you need to react graciously as they may not have dealt with women in business.

The number of women in technology is increasing; I interact with several female technology graduates but many suffer from parental pressure to choose marriage over career. I push for women in my company; women must support other women. Several department heads in my company, be it corporate sales or R&D, are women. Technology is a good industry for women as you are known for your IQ, and if you walk the talk, men respect you.

Set up pro-women systems
Seethalakshmy Narayanan, Investment banker
The female:male ratio in my company is 10 women to 65 men. However, the men are supportive. It is important for workplaces to set systems in place to help women produce a solid output.

An action as simple as having a peon stay back for the safety of a woman when she is working late makes a big difference. Give your 100 per cent, no one will hold you back.

 





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Tax-News.com: EU Hails Victory In WTO Case Against Russian Duties

The European Commission has hailed victory in a World Trade Organisation case concerning Russian anti-dumping duties on certain light commercial vehicles from Germany and Italy.




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Tax-News.com: Russia Files WTO Complaint Against EU Duties

Russia has requested World Trade Organisation dispute consultations with the EU in a case involving EU anti-dumping duties on certain steel products.




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Why is the daylight robber being rewarded instead of punished or fired BEFORE he proves hi (Kashyap)

(this is continuation of the title): Why is the daylight robber being rewarded instead of punished or fired BEFORE he proves he has value ?! Your proposed role for him doesn't seem to offer any value to us. I saw the mails about Ankit stealing research id..




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Can we get an economist to do the column instead of Vivek Kaul? (Krishpkkk)

Mr. Vivek Kaul once again interpret numbers like a politician - Don't see any difference between him and our politicians - be it ministers in govt. or opposition. I think he has forgotten economics in his eagerness to score political brownie points. Recen..




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'What a win', Sourav Ganguly recalls historic 2001 Test against Australia

Former Indian captain and Board of Control for Cricket in India (BCCI) president Sourav Ganguly on Wednesday recalled the historic Test victory against Australia at Eden Gardens in Kolkata in 2001.

A user had shared the celebratory moments from the 2001 Test. On that post, Ganguly commented, "What a win." In that Test, India clinched a 171-run win over Australia and became the third team in the history of Test cricket to win a match after being forced to follow-on.

Australia had made 445 in their first innings, courtesy Steve Waugh's brilliant hundred. However, it was Indian spinner Harbhajan Singh who stole the show at Kolkata with his spectacular seven wickets, including the first hat-trick in India's Test history.

In its first innings, India folded for 171 runs and were asked to follow-on by Australia. The Sourav Ganguly-led side played cautiously in the second innings and lost three wickets for 115 runs. India lost Ganguly in the 67th over of the innings, with the side getting reduced to 232/4.

Rahul Dravid joined VVS Laxman in the middle. The next 104 overs were a nightmare for the Aussies as the Indian duo stitched a 376-run stand to revive the innings and helped the team stage a dramatic comeback in the match.

Dravid scored 180 runs, while Laxman slammed 281, his highest score in Test cricket. India gave a target of 384 runs to Australia. However, the Waugh-led side were not able to achieve the target and bowled out for 212, handing India a massive win.

Harbhajan was again the pick of the Indian bowlers as he scalped six wickets. The Eden Gardens Test is best remembered for India's miraculous revival in the second innings and Laxman's knock of 281 runs, which was one of the most marvellous innings played in the modern era. Laxman's stunning innings also halted Australia's record of 16 successive Test wins.

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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Coronavirus lockdown: Cricketer Shikhar, wife Ayesha bat against domestic violence

India opener Shikhar Dhawan and wife Ayesha on Monday put out a video on social media to send an important message regarding domestic violence. With people staying at home amid coronavirus lockdown, reports of domestic violence have also come out a lot more in recent times.

Dhawan, who is currently spending time with his family during the lockdown period, urged people to put an end to this social evil by choosing the right partner for themselves.

His Twitter post read: "While I enjoy my time at home with my loving family, I am truly sad and disheartened and sad to hear about domestic violence still existing in today's time and we need to put an end to it. Choose a kind and loving partnership and say no to violence."

India is currently on a nationwide lockdown till May 3 as a precautionary measure against the spread of coronavirus. In India, more than 27,000 people have been infected by the virus so far while in excess of 850 individuals have lost their lives.

In normal circumstances, Dhawan would currently be playing for Delhi Capitals in the 13th edition of the Indian Premier League (IPL) but due to the pandemic the tournament has been postponed indefinitely by the Board of Control for Cricket in India (BCCI).

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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Defamation case, criminal proceedings against Shoaib Akhtar for comments

Shoaib Akhtar has yet again landed himself into trouble after PCB legal advisor Tafazzul Rizvi filed a criminal as well as defamation suit against the former fast bowler for his allegedly inappropriate comments against him in a YouTube show. Rizvi, the long serving legal advisor of the board, made it clear he had initiated defamation and criminal proceedings against Akhtar and also lodged a complaint with the Federal Investigation Agency under its cyber crime laws.

In the legal notice sent to Akhtar, Rizvi highlighted legal charges and punishments awarded to the former fast-bowler throughout his career. He also demanded that he retracts his statements, tendean unrs conditional apology, pays PKR 100 million in damages and refrains from repeating and making defamatory remarks against the lawyer in the future. Akhtar, who did a video on the three year ban imposed on the controversial Umar Akmal has also ended up irking the Pakistan Bar Council which in a statement cautioned him to be careful with his words while talking about the legal fraternity. The council in particular said it was disappointed to hear the comments Akhtar had made about Rizvi, a respected member of the legal fraternity. "Shoaib Akhtar should be very careful in his discussions on matters pertaining to the legal community," the statement said. The Pakistan Cricket Board said it was disappointed with Akhtar's poor choice of words while commenting about its legal department.

"The language used by Akhtar was highly inappropriate and disrespectful, and cannot be condoned in any civilised society. The PCB's legal advisor, Mr Taffazul Rizvi, in his own discretion, has initiated defamation and criminal proceedings against Shoaib Akhtar, while the PCB too reserves its rights." Akhtar, who has also got into trouble in the recent past because of his YouTube channel, defended Umar in his video and criticised the three-year ban on him imposed by the PCB Disciplinary Panel. He also mocked Tafazzul Rizvi and questioned his legal experience, claiming he (Tafazzul) always only complicated matters between the board and players.

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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No Indian cricketer in Dale Steyn's best XI he played with or against

Kumar Sangakkara and Brett Lee were the only overseas players that made it to veteran South African pacer Dale Steyn's best XI of players he has faced or played with.'

Interestingly, the team included his "school bowling partner", "best friend" and his "club captain," Cricket South Arica said in its tweet.

Steyn picked his former South African skipper Graeme Smith and former Sri Lankan captain Sangakkara as openers. Jacques Kallis, widely rated as one of the greatest all- rounders of all time, slots in at no.4 while Jhonty Rhodes comes in at no.5.

Wicketkeeper and current South African limited overs skipper Quinton de Kock came in at no.6.

Australia's Lee, former South African spinner Paul Harris and Proteas fast bowling great Allan Donald made up the bowling department.

A notable omission from Steyn's XI is AB de Villiers, with whom he played most of his international matches with and was considered among the batsmen in the world throughout his international career. Also, there was no India in the XI picked up by Steyn.

Steyn's Best XI he played with or against: Kumar Sangakkara, Graeme Smith, Dave Hawken, Jacques Kallis, Jonty Rhodes, Quinton de Kock, Bret Bargiachi, Peter Lombard, Brett Lee, Paul Harris, Allan Donald.

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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David Warner against saliva ban in post COVID-19 world

Star Australian opener David Warner does not see the need to abolish the use of saliva to shine the ball when cricket resumes in the post COVID-19 world as he feels it is no more or no less risky than sharing the change room with fellow players. There is speculation that use of saliva to shine the ball will be stopped to cut down the risk of the highly contagious infection when international cricket restarts. "You're sharing change rooms and you're sharing everything else, I don't see why you have to change that," Warner told 'cricket.com.au'.

"It's been going around for hundreds of years now, I can't recall anyone that's got sick by doing that. If you're going to contract a bug, I don't think it'd necessarily be just from that. "I'm not too sure but it's not my place to comment on whether or not we should or shouldn't (use saliva to shine the ball). It's up to the ICC and the governing bodies to decide."

However, former fast bowler Shaun Tait believes it is important to be open about changes and the use of saliva could become a thing of the past. "I've never been a huge fan of the saliva on the ball, it's not very nice really," Tait said. "We have to open to some possible changes there." The subject of legalisation of ball tampering has led to divided opinions with West Indies pace great Michael Holding saying it is a bit "self contradictory", while South Africa legend Allan Donald being open to the idea.

Among others, batting great Sachin Tendulkar said players will be wary of using saliva to shine the ball, while Pakistan legend Waqar Younis, former India pacer Ashish Nehra and spinner Harbhajan Singh have supported the use of spit.

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Aaron Finch accepts David Warner's hilarious challenge on Instagram

Australia cricketer David Warner has been in rich vein of form as far as keeping his followers entertained on popular social media platforms Instagram and Tik Tok is concerned.

With no cricket being played due to coronavirus pandemic, the southpaw has been keeping himself busy by putting out hilarious content for the fans on social media.

 
 
 
View this post on Instagram

Let’s see if you can better this @aaronfinch5 lol 😂 thoughts??

A post shared by David Warner (@davidwarner31) onMay 4, 2020 at 2:21am PDT

In his latest video, Warner came up with his own rendition of Michael Jackson's popular song 'Billie Jean', featuring a coffee mug. He then challenged Australia's white-ball skipper Aaron Finch to try and do better.

His post read: "Let's see if you can do better than this @AaronFinch lol, thoughts." Warner also revealed it took him 17 tries to come with the best version of the video.

Finch hit back straight away and wrote: "Challenge accepted." Former Australia footballer and Everton legend Tim Cahill joined in on the fun and wrote: "Love this lads."

In normal circumstances, Warner and Finch would have been currently playing in the 13th edition of the Indian Premier League (IPL) but due to coronavirus the tournament was postponed by the BCCI.

Players across the globe have made it clear that they are hoping that the league can be played out later in the year when normalcy returns.

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UK court dismisses Vijay Mallya's appeal against extradition to India

A UK court on Monday dismissed fugitive liquor baron Vijay Mallya's appeal against extradition to India.

"We consider that while the scope of the prima facie case found by the Senior District Judge (SDJ) is in some respects wider than that alleged by the respondent in India. There is a prima facie case which, in seven important respects, coincides with the allegations in India," a part of the order by the UK court read.

A CBI spokesperson confirmed to ANI that the "UK high court dismissed Mallya's appeal against his extradition to India." The 64-year-old businessman had begun the lengthy appeals process in the UK court in February this year against an order to extradite him to India to face multiple charges relating to the collapse of Kingfisher Airlines.

It followed a ruling by a lower court -- the Westminster Magistrate's Court -- in December 2018 - that Mallya should be sent to India to face the charges, including one of money laundering to the tune of Rs 9,000 crore. The businessman fled India in March 2016 and has been living in the UK since then.

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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