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71 new COVID-19 cases in Nashik; district tally rises to 276

The number of coronavirus cases in Nashik district of Maharashtra has gone up to 276 as 71 more people have tested positive for the disease, an official from the district administration said on Thursday. Most of the new cases are from the district's Malegaon town, he said. The new patients include six police personnel and three children - aged three months, 5 years and 11 years.

Out of the total 276 cases, 253 have been reported from Malegaon, 10 from Nashik city, 11 from other parts of the district and two patients are from outside the district who are undergoing treatment in hospitals here.

There was no change in the death toll which stood at 12, the official said. Till date, 11 people have recovered from the disease in the district and discharged from hospitals, he added.

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COVID-19: India's tally reaches 35,043, death toll at 1,147

With 1,993 more COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases stands at 35,043 on Friday, said the Ministry of Health and Family Welfare. The total tally is inclusive of 25,007 active cases, 8,888 patients cured/discharged and one patient migrated. With 73 more deaths in the last 24 hours, the total number of deaths due to the coronavirus rises 1,147.

According to the ministry, Maharashtra has the most COVID-19 cases with 10498 cases including 1773 patients cured/discharged and 459 patients dead. Gujarat is second on the list with 4,395 cases that include 613 patients cured and 214 patients succumbing to the deadly virus. Delhi's tally of positive coronavirus cases stands at 3,515 cases of which 1,094 patients have been cured while the death toll stands at 59.

Goa (seven cases), Tripura (two cases), Arunachal Pradesh (one case) and Manipur (two cases), all patients who were infected by the virus in these states have been cured and no new case has been reported.

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Coronavirus outbreak: India's tally now over 37,000; 71 deaths in last 24 hours

With 2,293 new cases in the last 24 hours, the highest number of cases in a single day, India's COVID-19 tally reached 37,336 on Saturday, including 1,218 deaths, according to the Ministry of Health and Family Welfare. As many as 71 deaths were reported in the last 24 hours. Out of the total number, 9,951 people have been cured/discharged/migrated.

In the state of Maharashtra, the number of coronavirus positive cases has crossed the 10,000-mark with at least 485 deaths. The positive cases in Maharashtra has reached 11,506, including 1,879 discharged cases. After Maharashtra, Gujarat has the most number of COVID-19 cases (4,721). The state has reported 236 deaths, while 735 people have been discharged.

The Centre on Friday extended the ongoing nationwide lockdown for two more weeks with effect from May 4 till May 17 while allowing different sets of relaxations in red, orange and green zones.

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India's COVID-19 tally reaches 39,980, death toll at 1,301

With 2,644 more COVID-19 cases and 83 deaths in the last 24 hours, the number of people infected from coronavirus in the country has reached 39,980 including 1,301 deaths, said the Union Ministry of Health and Family Welfare on Sunday.

Currently, there are 28,046 active cases while 10,633 COVID-19 positive patients have been cured/discharged. The coronavirus cases in Maharashtra have reached 12,296, including 2,000 discharged cases and 521 deaths.Gujarat is in second place with 5054 coronavirus cases. The state has reported 262 deaths, while 896 people have been discharged.Delhi's count stands at 4,122 of which 1,256 patients have recovered, while 64 patients have lost their lives.

While Tamil Nadu's COVID-19 figure stands at 2,757 with 1,341 patients recovered and 29 fatalities, Rajasthan has reported 2,770 cases of which 1,121 has recovered and 65 patients are dead.Madhya Pradesh has reported 2,846 positive cases so far of which 624 patients have recovered and 151 patients have lost their lives due to the virus. In Uttar Pradesh, as many as 2,487 people have confirmed COVID-19, of which 689 recovered and 43 people succumbed to it.

In Kerala, which reported the country's first COVID-19 case, 499 people have been detected positive for coronavirus.

The Centre on Friday extended the ongoing nationwide lockdown till May 17, while allowing different sets of relaxations in red, orange and green zones.

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India's COVID-19 tally at 56,342, 103 deaths in 24 hours

With a surge of 3,390 new cases and 103 new fatalities, the total tally of novel Coronavirus cases in India stood at 56,342 on Friday, the Union Health Ministry said. Of the total cases, 37,916 are active while 1,886 people have lost their lives. A total of 16,593 though have recovered as India undergoes the third-phase of the nation-wide lockdown. The total tally also includes 111 foreign nationals and one migrated patient, said the Health Ministry.

Maharashtra continues at the top of the tally with 17,974 cases and 694 fatalities, while 3,301 people were cured in the state. It is followed by Gujarat with 7,012 cases and 425 deaths and 1,709 recovered. There are at least 5,980 cases in the national capital with 1,931 recoveries and 66 deaths. Other states which saw an increased number of cases are Tamil Nadu (5,409), Rajasthan (3,427), Madhya Pradesh (3,252) and Uttar Pradesh (3,071).

States which have reported more than thousand cases are Andhra Pradesh (1,847), Punjab (1,644), West Bengal (1,548) and Telangana (1,123).

While Goa conyinues to be Corona-free, in the Northeast it is Tripura that surpassed Assam and now has 65 cases as Assam reported 54 cases. Other NE states that have reported COVID-19 cases are Meghalaya (12) Manipur (2), Mizoram (1) and Arunachal Pradesh (1).

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Hollywood stars are going all out to raise funds for COVID-19 pandemic relief

A chance to act with Leo and De Niro

Leonardo DiCaprio and Robert De Niro are giving fans the chance to appear in their upcoming film, Martin Scorsese’s adaptation of Killers of the Flower Moon. DiCaprio and De Niro are using the upcoming production to raise funds for the All-In Challenge, an online initiative that gives stars from all corners of the entertainment industry a chance to offer donation initiatives to benefit America’s Food Fund, as per reports. They explained that those who make a donation will have a chance to win a walk-on role in the production.

Ellie helps those in lockdown

Singer Ellie Goulding has helped source 400 mobile phones, which will be given to homeless people to help them through the lockdown. The distribution of the phones began on April 15. The phones will go towards people that the organisation, Crisis, supports, as well as those who are staying in hotels across London.

Tom Hardy to read bed-time stories

Tom Hardy will read night-time tales on the long-running series Bedtime Stories. The episodes of the BBC Children’s channel CBeebies will run from April 27 through May 1. The episodes were shot in Hardy’s garden, following social distancing guidelines. He will be joined by his French bulldog named Blue for some of the bedtime stories. The development, the channel alludes, is a step further in providing engaging content relevant to the situation. 

Ben, Matt play poker

Ben Affleck, Matt Damon and other stars raised $1.75mn through poker, for an online celebrity poker tournament, All In For America’s Charity. They raised $1.75 million for Feeding America, a non-profit organisation that distributes food to those in need amid  the outbreak, as per reports. Celebrities such as Tom Brady, Adam Sandler and Bryan Cranston bought in for $10,000 each at the food bank fundraiser.

Off screen superhero Krasinski to play one on screen?

Actor John Krasinski, who has been lifting spirits amid the pandemic with his series, Some Good News, has reportedly met with Marvel Studios for an unspecified project. Although details about the project are awaited, it is reported that Marvel has been holding “virtual meetings” with actors, directors and writers lately, and Krasinski was one of them. It also indicated that Krasinski might be in talks for a role in Young Avengers. Another possibility that the site mentioned is a Fantastic Four reboot. Neither Marvel nor Krasinski has confirmed the development.

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Hollywood actor Sean Penn spotted getting tested for Coronavirus

Actor Sean Penn was spotted getting tested for coronavirus with a nasal swab here. The 59-year-old star was at the free Malibu testing site set up by his organisation CORE (Community Organised Relief Effort), reports www.dailymail.co.uk.

He kept his backpack on as he leaned back in an outdoor chair to be tested by a staff member in a mask, gloves, face shield, and hazmat suit.

CORE, which Penn founded in 2010 to help with earthquake relief in Haiti, is now collaborating with LA Mayor Eric Garcetti to combat the ongoing health crisis. The non-profit's goal is to establish free drive-in testing sites in Los Angeles, working with both the mayor and fire department, according to USA Today.

Penn's goal is to "save lives and alleviate the depletion of resources" with the program. He himself works at the testing site in Malibu where he lives.

"We have an infrastructure in place to respond, and so we decided that we would if we could be value-added. It's something that we can adapt to very quickly with the training of the Los Angeles Fire Department initially. And then we're able to take all those firemen and put them back in to serve the people in the way that we need them to," he said last week.

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

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

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

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

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

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

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

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

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

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Meryl Streep: Dick Van Dyke is practically perfect

Oscar winning-actress Meryl Streep says legendary star Dick Van Dyke has not lost his inner child, and has retained the innocent joy of life despite his years. The actress recently got a chance to work with the 94-year-old Van Dyke in "Mary Poppins Returns".

"He is practically perfect in every way so no wonder he was drawn to the material Mary Poppins. He is somebody who is pure I don't wanna say show business because it conjures up the whole other thing but it's a theatrical sense of joy that he brings," Streep said while talking about her co-star.

"He is uniquely suited to this kind of material mostly because he has got the soul of a 9-and-a-half-year-old. I would say he has not lost his inner child and the things that we often lose as we go on in life. He has retained that innocent sense of joy and that's what he brings to this material," she added.

Disney's "Mary Poppins Returns" stars Emily Blunt as the practically-perfect nanny with unique magical skills who can turn an ordinary task into a fantastic adventure. The sequel brought back Mary Poppins to help the next generation of the Banks family find the joy missing in their lives following a personal loss.

Rob Marshall has directed the film from a screenplay by David Magee. The screen story is by Magee, Marshall and John DeLuca based upon the Mary Poppins Stories by PL Travers. PL Travers first introduced the world to the no-nonsense nanny in her 1934 children's book "Mary Poppins".

Opening up about Blunt's singing prowess, Streep said: "She is amazing but her tenderness in this is palpable. Rob and Marc Shaiman, they wrote it with her in mind so the music sits in her voice perfectly. She is amazing in it!"

"Mary Poppins Returns" takes place in the 1930s Depression-era London 24 years after the first film was set. Michael Banks works for the same financial institution that employed his father and still lives at 17 Cherry Tree Lane with his three children, Annabel, John and Georgie and their housekeeper Ellen. When the family suffers a personal loss, Mary Poppins magically re-enters their lives and with Jack's help, brings joy and wonder back into their home.

"Mary Poppins Returns" will air in India on Star Movies on April 26.

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Jim Parsons on a powerful role in 'Hollywood'

Jim Parsons says playing the talent agent Henry Willson in Ryan Murphys upcoming "Hollywood" turned out to be "one of the more powerful experiences" of his life.

Murphy's limited series follows a group of aspiring actors who try to make it big in post-World War II Hollywood.

Murphy was sure that Parsons, still best known as lovable nerd-genius Sheldon in "The Big Bang Theory", would be perfect for the role of Willson. After working on the series, Parsons admits that he had developed empathy for the agent, reports hollywoodreporter.com.

"He ended up destitute because he had used every resource he had to get his clients to the place that he wanted them to be and that they wanted to be -- paying for clothes, paying for lessons, paying for teeth -- and so as nasty and weird and slimy as he could be at times, I felt for him when I read he died penniless in a Styrofoam coffin," said Parsons.

To get the role right, Parsons would spend some two and a half hours in the make-up chair.

"I'd leave the makeup trailer feeling somewhat transformed and a little freer without even knowing it was happening," he said, adding: "It ended up being one of the more powerful experiences of my life."

The Netflix show also stars David Corenswet, Darren Criss, Jeremy Pope, Laura Harrier, Samara Weaving, Dylan McDermott, Holland Taylor, Patti LuPone, Jake Picking, and Joe Mantello amongst others.

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

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

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

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

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

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Hollywood filmmakers Colin Trevorrow and Ava DuVernay condole Irrfan Khan's demise

Late actor Irrfan Khan not only proved his acting mettle in Bollywood but has also left a mark over Hollywood cinema with his class-apart acting skills. Several Hollywood filmmakers on Wednesday paid tribute to the legendary actor and mourned the loss.

Jurassic World director Colin Trevorrow took to Twitter and expressed his grief over Irrfan's demise. "Deeply sad to have lost #IrrfanKhan. A thoughtful man who found beauty in the world around him, even in pain. In our last correspondence, he asked me to remember "the wonderful aspects of our existence" in the darkest of days. Here he is, laughing," he wrote.

Have a look right here: 

American filmmaker Ava DuVernay also paid tribute to the late actor. "A grateful fan of #IrrfanKhan here. Gone too soon. When he is on screen, you can't take your eyes off of him. He lives on in his films," she said in a tweet. Take a look:

Irrfan appeared in several international films such as Jurassic World, Inferno, Life of Pi, Slumdog Millionaire and others, over the years.

The actor passed away at Mumbai's Kokilaben Hospital on Wednesday while battling rare cancer. He was 53. Khan was last seen on screen in 'Angrezi Medium'. He was not a part of the film's promotions owing to his ill health.

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From small screen to Hollywood: A look at actor Irrfan Khan's versatile journey

An actor par excellence with an impressive array of roles under his belt, Bollywood actor Irrfan Khan died yesterday at the age of 53, triggering an outpouring of condolences.

Hailing from Jaipur, the seasoned actor was born in a Muslim nawab family, to Begum Khan and Jagirdar Khan.

While studying for his Master's degree, it was in 1984 that he earned a scholarship to study at the National School of Drama (NSD) in New Delhi.

Following his academic completion, Khan made his way to Mumbai, where he kicked off his career as an actor.

New to the industry, he started acting in numerous television serials, including 'Sara Jahan Hamara', 'Chanakya', 'Star Bestsellers', 'Chandrakanta', and more which went on air on Doordarshan and Star Plus.

He played the role of a psycho serial killer opposite actor Kay Kay Menon in the 1995 TV series 'Darr'.

His portrayal of the famous revolutionary Urdu poet and Marxist political activist of India Makhdoom Mohiuddin in 'Kahkashan' was widely lauded.

Flexible in acting, Khan gave life to varied characters onscreen with ease.

In 1988, the actor made his big-screen debut in the drama film 'Salaam Bombay', though his role was not meaty enough.

By the 90s, the actor made his presence in movies such as 'Ek Doctor Ki Maut' and 'Such a Long Journey,' but they went unnoticed.

It was when London-based director Asif Kapadia gave him the lead in 'The Warrior', that Irrfan took the road of uncertainty to glory.

In 2001, the adventure drama took international film festivals by storm, making Irrfan Khan a known face, world over.

Thereafter, the actor tasted success in his acting career with movies like 'Road to Ladakh,' which received rave reviews at international festivals and 'Maqbool,' an adaptation of Shakespeare's Macbeth.

After his first Bollywood breakthrough in 2005, with him being the lead in 'Rog,' the star was a frequent face in movies, either in the lead role, supporting, or the villain.

It was his performance as a villain in the 2004 released movie 'Haasil' won him the Filmfare Best Villain Award, followed by a Filmfare Best Supporting Actor Award in 2007 for his role in the box-office hit 'Metro.'

His performance in the English-language drama 'The Namesake' was appreciated overseas, which was again closely followed by his appearance in international films 'A Mighty Heart' and 'The Darjeeling Limited'.

The Hollywood recognition did not make him forget his roots - his ties with television. He took over the stage for many television shows as an anchor.

He played a police inspector in the 2008 film 'Slumdog Millionaire', for which he won the Screen Actors Guild Award for Outstanding Performance by a Cast in a Motion Picture.

Following the many credits from overseas, in 2012, the actor set the benchmark in the industry with his acting in the widely lauded adventure movie 'Life of Pie.'

After giving his fans few of his best performances in the recent critically acclaimed Bollywood movies 'The Lunchbox', 'Piku and 'Hindi Medium', in March 2018 his acting career slowed down.

He had been on a year-long break after being diagnosed with a neuroendocrine tumour for which he was undergoing treatment in London.

However, the actor always stayed connected with his followers through social media, where he also thanked everyone for the love, wishes, and prayers that were bestowed on him.

Last year, on September 14, the actor returned to Mumbai after a 'successful surgery' and wrapping up his last film 'Angrezi Medium' in London.

Three days ago, on April 25, he lost his mother, who passed away due to age-related illness at the age of 95.

Khan is survived by wife Sutapa Sikdar who's also an NSD graduate and sons Babil and Ayan.

Prime Minister Narendra Modi, Home Minister Amit Shah, several Union Ministers, politicians and members of the Bollywood and Hollywood industries have extended heartfelt condolences on Irrfan's death.

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Julie Andrews on evading casting couch in Hollywood

Veteran Hollywood actress Julie Andrews says having children and being married to late filmmaker Blake Edwards protected her from the casting couch early in her career. "I was certainly aware of tales about the casting couch," theguardian.com quoted Andrews as saying.

"But I was so busy working and raising my kids and being married to Blake Edwards eventually, it was an extremely busy life, and to a certain extent that put a protective fence around me, I think," she added. It was in 1964 when she got her big break in Hollywood with the role of Mary Poppins. Andrews got married to Edwards in 1969. In the 1970s, the couple adopted two daughters -- Amy in 1974 and Joanna in 1975.

Andrews was born as Julia Wells in Surrey in 1935. Her father was a "gentle and adoring" man Ted Wells and mother Barbara Morris was erratic. When she was young, her parents split up. Andrews went on to live with her mother and step-father Ted Andrews -- who was not only an alcoholic but also tried to get into Andrews' bed two times, as mentioned in the piece.

Asked if her desire to adopt children stemmed from her turbulent childhood, Andrews said: "I think it had more to do with -- well, you know, I was just a working girl in my teens, travelling around England, singing my heart out, learning my craft. But once I got to Broadway and Hollywood, the films drew me into that particular work, and I found that it was what I wanted to embrace, because it was giving me so much pleasure."

"Those movies led me into this concern for kids, and I think probably subliminally I was trying to give them as good a feeling as I could. I have no idea if that comes from my own childhood. It was just the way I stumbled forward in the world. Does that make sense? I hope it does," added the actress, who was referring to iconic films "Mary Poppins" and "The Sound Of Music".

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PM Narendra Modi arrives in Pune; to address poll rally in Solapur

Pune: Prime Minister Narendra Modi arrived late Tuesday night and will stay overnight before leaving for Akluj in Solapur district, where he will address an election rally on Wednesday. Modi arrived at the Lohegaon airport were BJP leaders, including the party's Lok Sabha candidate from the city Girish Bapat, sitting MP Anil Shirole and Pune city BJP president Yogesh Gogawale received him.

According to BJP leaders, the PM will stay overnight at Raj Bhavan in Pune and leave for Akluj to address an election rally in the Madha Lok Sabha constituency of Solapur district Wednesday.

Raj Thackeray hits out at Narendra Modi, Amit Shah at poll rally
MNS chief Raj Thackeray on Monday appealed to people to ensure "disappearance" of Prime Minister Narendra Modi and BJP president Amit Shah from the political scene of the country for spreading "lies" and "causing" communal disharmony.

Addressing a poll rally in Solapur district of Maharashtra, he called the prime minister "shameless" for seeking votes in the name of jawans without acknowledging their sacrifice. In controversial remarks, he asked the people gathered at the rally to accept money if offered to them by those who are "looting" the country.

The Maharashtra Navnirman Sena (MNS) is not contesting the Lok Sabha elections, but Thackeray has been addressing rallies in support of Congress-NCP-led alliance candidates, who are pitted against the BJP-Shiv Sena combine. "I am here to wake all of you up against the tactics of Prime Minister Narendra Modi and BJP president Amit Shah. "The kind of lies they have spread and caused communal disharmony, you should ensure they both get disappeared from the political horizons of this country," he said.

In a veiled attack on the Shiv Sena, he said, "Those who are helping Modi-Shah should also not be spared. You should not vote for those who help Modi-Shah stay in power." Thackeray, however, did not mention the Shiv Sena, his former party, or any of its leaders in his speech. After showing a video of Modi, where he purportedly claims a trader takes more risk than a jawan, Thackeray said, "The prime minister seeks votes from people in the name of jawans, but makes such remarks about their sacrifice. I have so far not seen a more "shameless" prime minister than him."

"They are trying to fool you by raising non-issues ahead of elections. If they distribute money, accept it. This is the right time to loot them. "You cannot imagine the way our country is being looted by these people, but accept their money and do not look back," Thackeray said.

He claimed Modi and Shah are pushing the country on path of authoritarianism like the current regime in Russia where power is concentrated in the hands of 7-8 people. Thackeray also exposed the Maharashtra government's claim of a village in Amravati district - Harisal - being the first digital village in the country.

However, a video procured by MNS workers shows no digital services such as Internet connection and card swapping for financial transaction, among others, are operational in the village, he said. "What Adolf Hitler did to Germany in 1930s is going to be replicated in India if Modi and Shah return to power," Thackeray warned. Solapur will vote on April 18

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Vijay Mallya's son-in-law Samar Singh campaigns for Parth Pawar

The Congress and Nationalist Congress Party (NCP) are blaming the Bharatiya Janata Party (BJP) for shielding fugitive businessman Vijay Mallya, while his son-in-law is helping Parth Pawar in campaigning. Parth is the grand nephew of NCP supremo Sharad Pawar, and is contesting in the Lok Sabha elections from Maval constituency.

Parth, 29, is the son of former deputy chief minister Ajit Pawar. He is contesting against Shrirang Barne from the Shiv Sena who won the seat in 2014. The Sena-BJP alliance has given him another chance to contest, as he had won the Sansad Ratna Award.

Parth has often been seen accompanied by Samar Singh, who is married to Mallya's step-daughter, Laila. Singh is a businessman and investment banker based in the USA. Sources say Singh also handles Parth's social media. Asked about him, Parth said, "Samar and I have been friends for a long time. He campaigns for me like my other friends. Why should he be blamed for Mallya's wrongdoings? He is also returning to the US."

Singh was unavailable for comment but a friend of his said, "Samar and Parth are friends from Mumbai and know each other for ages. Samar and his wife are not much connected to the Mallya family as has been portrayed. Samar had joined Parth out of curiosity to see his friend contest the election and had visited few places with him to see the real situation. He has gone back to the US."

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Can we build a fully recycled and reusable house? Yes, we can!

An EU-funded project has developed prefabricated energy-efficient building concepts made from materials, components and structures derived from construction and demolition waste. The concept enables the easy assembly and disassembly of buildings for future reuse.




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Why Tactically Invest Across Asset Classes amidst COVID-19 with Quantum Multi-Asset Fund Of Funds

Posted by Equitymaster
      

Coronavirus or Covid-19 is showing no signs of receding. On the contrary, the number of cases is increasing by the day and the situation is rather depressing, as almost every region of the world and country is infected.

Sadly, there is no antidote or a vaccine conclusively developed to fight this deadly pathogen yet. And according to the World Health Organisation (WHO), Coronavirus will be with us for a long time. Most cases are still in the early phase of the epidemic and some countries which were affected early in the pandemic, are now seeing a resurgence in the number of cases, said the WHO Chief.

COVID-19 is truly playing havoc and may be followed with a financial crisis owing to the lockdowns imposed to contain the spread. The risk of global recession undeniably looms large. "This crisis is like no other", as what the International Monetary Fund's (IMF), Chief Economist, Ms Gita Gopinath wrote in the foreword to the World Economic Outlook, April 2020.

Graph 1: The virus has spread even to Indian equities

The graph above depicts the S&P BSE Sensex falling off the cliff and investors' wealth being eroded. Since the all-time high of the S&P BSE Sensex (42,273.87 points made on January 20, 2020), we have fallen more than -25% and overall sentiments seem downbeat and volatility has heightened.

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On a year-to-date basis, Indian equity is down nearly -23.2% (as of April 27, 2020), while gold -- with uncertainty looming around the world -- has exhibited its sheen and demonstrated its trait of safe haven and an effective portfolio diversifier, clocking nearly +5.0% absolute return as of April 27, 2020.

Graph 2: YTD Performance of key asset classes
Data as of April 27, 2020
After the imposition of lockdown to fight COVID-19, the spot market prices were not updated.
*Category average returns of Liquid Funds considered
(Source: bseindia.com, MCX Gold, PersonalFN Research)

The graph above validates the importance of tactical asset allocation. The key lesson here is: all asset classes will not necessarily move in the same direction (up or down) always - over the long-term; some may even move in the opposite direction as what we have seen in the recent past (in the case of equities and gold).

As we (the world) continue to fighting COVID-19 and the aftereffects of it are conceivable, a further correction cannot be ruled out and the bottom is unknown. COVID-19 is likely to impact corporate earnings amidst a time when India is already facing slowdown blues. As people are quarantined, demand would remain muted and inflation risk will begin to surface, particularly in food prices.

So, although the current levels offer a decent value-buying opportunity, skewing your portfolio completely to equity as an asset class could endanger wealth creation. In such times you, as an investor, need to follow tactical asset allocation while you aim to generate wealth.

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Tactical Asset Allocation with Quantum Multi Asset Fund of Funds

To invest sensibly in the current times, you need a Multi-Asset Fund that invests in mainly three asset classes: equity, debt and gold; and is truly balanced.

Among the plethora of Multi-Asset Funds, the Quantum Multi Asset Fund of Funds (QMAFOF) incepted on July 11, 2012, is truly balanced and holds well-diversified portfolio (across the three key asset classes: equity, debt and gold) at all the times -- unlikely many of its peers who swayed by the excess exuberance in equities, lost sense, and eroded investors wealth.

Table 1: Asset Allocation of Quantum Multi Asset Fund of Funds
Instruments Indicative allocations (% of Total Assets) Risk Profile
Minimum Maximum High/Medium/Low
Units of Equity Schemes 25% 65% Medium to High
Units of Debt / Money Market Schemes 25% 65% Low to Medium
Units of Gold Scheme 10% 20% Medium
Money Market instruments, Short-term Corporate debt securities, CBLO, Repo / Reverse Repo in government securities and treasury bills only 0% 5% Low
(Source: Scheme Information Document)

The Scheme predominantly invests in the units of Equity, Debt / Money Markets and Gold schemes of Quantum Mutual Fund. Currently, the following schemes are used to gain exposure to a particular asset class:

For equity - Quantum Long Term Equity Value Fund, Quantum Nifty ETF

For debt & money market instruments - Quantum Liquid Fund, Quantum Dynamic Bond Fund

For Gold - Quantum Gold Fund (ETF)

The Units of any other Equity and Debt / Money Markets scheme launched by Quantum Mutual Fund from time to time would be eligible to be part of the above asset allocation components.

Although QMAFOF aims to invest predominantly only in the schemes launched by Quantum Mutual Fund, QMAFOF may seek to invest in the units of similar schemes of other mutual fund houses in case of any investment and regulatory constraints that arise that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund.

The investment objective of Quantum Multi Asset Fund of Funds is, "to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt/money markets and gold schemes of Quantum Mutual Fund"

QMAFOF benchmarks it against the Crisil Composite Bond Fund Index (40%) + S&P BSE Sensex Total Return Index (40%) + Domestic price of Gold (20%).

Being a fund of fund, this benchmark is most suitable to compare QMAFOF's performance. The unique combination clubs together the relatively risky assets with other stable asset classes in the portfolio.

Backed by an astute investment strategy, taking the relative valuations between asset classes into consideration such as Price-to-Earnings relative to historical averages; the relationship between earning yield to bond yield relative to historical averages; and macroeconomic factors prevailing globally and within India, the two fund managers of QMAFOF, namely Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have generated respectable returns for investors.

Table 2: Report card of QMAFOF versus some of its peers
Scheme Name AuM (Cr) Returns since Shri Narendra Modi first took oath as Prime Minister of India on May 26, 2014 Returns since the all-time high of the S&P BSE Sensex (From Jan 20, 2020 to April 27, 2020)
Absolute Returns Annualized Returns Absolute Returns
SBI Multi Asset Allocation Fund 220.63 65.50% 8.90% -4.60%
ICICI Prudential Multi-Asset Fund 9022.56 50.50% 7.20% -18.90%
Quantum Multi Asset Fund of Funds 16.23 49.70% 7.10% -4.40%
Axis Triple Advantage Fund 258.6 46.90% 6.70% -14.30%
HDFC Multi-Asset Fund 198.05 36.10% 5.30% -14.00%
UTI Multi Asset Fund 564.1 28.40% 4.30% -12.00%
Data as of April 27, 2020
Direct Plan considered and the peer list is not exhaustive
(Source: moneycontrol.com)

Even as the equity market is panting for breath attributable to COVID-19 and volatility has intensified, QMAFOF due to its sensible asset allocation to equity, debt and gold through its underlying portfolio, has fared relatively better than some of the peers.

ICICI Prudential Multi-Asset Fund, Axis Triple Advantage Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, on the other hand, have all eroded investors wealth posting double-digit negative returns (see Table 2) in this downturn. Some of these schemes have fared well during upswings by keeping to the allocation to equities high, but on the downside, they have not managed the risk very sensibly. Investors, as a result, have experienced a roller-coaster ride in the journey of wealth creation.

A multi-asset fund, ideally, is expected to be truly balanced and sensibly allocate its assets whereby the downside risk of one asset class is compensated by the positive returns of the other asset classes.

Here are five good reasons to invest in Quantum Multi Asset Fund of Funds

  1. You gain from a diversified portfolio across asset class which, in turn, reduces risk and optimizes returns.
  2. You do not have to worry about portfolio rebalancing; the fund manager will astutely do it for you at regular intervals in the endeavour to achieve the set-out investment objective of the fund.
  3. Portfolio tracking will be easy for you instead of tracking 10 different schemes
  4. You will benefit from the lowest expense ratio in the category
  5. And above all, Quantum Mutual Fund's strong research capabilities across various asset markets - equity, debt and gold, -- with robust investment processes & systems followed at the fund house.

Suitability of Quantum Multi Asset Fund of Funds

QMAFOF is a perfect fund for investors looking to tactically diversify the portfolio with a single fund across equity, debt and gold, plus leave the aspect of rebalancing to the discretion and expertise of the fund manager.

Furthermore, the fund is appropriate for investors seeking long term capital appreciation, who have a moderately high-risk appetite, and an investment time horizon of 3 to 5 years.

It is the best time to invest in the Quantum Multi Asset Fund of Funds. Valuation-wise, Indian equities look attractive and there appears to be a decent margin of safety (with a high return potential if the equity markets ascend).

Similarly, given the uncertainty surrounding the world, gold is expected to display its lustre. The economic uncertainty surrounded by the COVID-19, GDP growth rates being revised downwards, easy monetary policy action and stance followed by central bank across the world, geopolitical tensions, trade tension, and increased stock market volatility are likely to keep spotlights on gold.

Likewise, with credit risk getting amplified, it makes sense to have exposure to a pure Liquid Fund (that does not take exposure to Commercial Papers issued by private entities). Now that policy rates are already lowered by RBI to address growth concerns, it does not make much sense to take exposure to the longer end of the yield curve; it could prove less rewarding and risky (may encounter high volatility) in the foreseeable future. Deploying your hard-earned money is short-end of the maturity curve, would be far better.

By investing in Quantum Multi Asset Fund of Funds, you will be able to balance the risk better with a sensible investment strategy in place.

Just as an excess drug dosage cannot treat COVID-19, your investment portfolio, too, needs just a fair amount of diversification to clock optimal risk-adjusted returns in the journey of wealth creation.

Go ahead and consider investing in Quantum Multi Asset Fund of Funds.

Happy Investing!

Join Now: PersonalFN is now on Telegram. Join FREE Today to get 'Daily Wealth Letter' and Exclusive Updates on Mutual Funds

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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Rafael Nadal: 2020 is practically lost for tennis

Rafael Nadal has said he views the rest of this year as "practically lost" for tennis and would even be relieved if the sport returned as normal at the start of 2021. The men's and women's tours have been stopped due to the coronavirus pandemic, with Wimbledon cancelled for the first time since World War II and the French Open postponed until the end of September. But Nadal, who has won 12 of his 19 grand slam titles at Roland Garros, believes the chances of tennis restarting before the end of this year are slim.

"I hope to play as soon as possible but if I think about it logically, we travel every week from one place to another, we are in contact with hotels, airports, all in different places," Nadal said in an interview with Spanish newspaper ABC on Tuesday. "If you gave me the ability to guarantee that in January 2021, a normal season like before will begin, I would sign for that now with my eyes closed."

In a separate interview with El Pais, Nadal said: "I'm more looking to the Australian Open than what happens later this year. I see 2020 as practically lost." Nadal at 33 is in the latter stages of his illustrious career and the hiatus came just as he looked to be closing in on the 20 major titles won by the 38-year-old Roger Federer.

If tennis returns this summer, Nadal could choose to skip the US Open and save himself for the French, given there would be just a week between the two. "It's all hypothetical because I don't think it will be like that," said Nadal to ABC. "My feeling, and I say it with sadness and I won't lie to you, is that we are losing a year of our lives.

"And at 33 or 34 years old that is much more valuable than at 20 when you have many more years ahead, even if it's still a year. "Frankly, I think that will not happen. From the US Open to Roland Garros with a week in between, I just don't think we can play."

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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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Gabriella Demetriades and Nikhil Thampi get chatty over Bollywood and style

She's sizzled on lists featuring the world's hottest women. So, when South African model-designer Gabriella Demetriades walks into The Daily, it's easy to figure why. There's no discernable make-up on her face; her slip dress is perfect to take her from day to evening. It's impossible to ignore Nikhil Thampi too, with his tall build and sunglasses in place. "You always wear amazing boots," he tells Demetriades. The two designers, known for their sexy western creations, slip into comfortable chatter.


Fashion designers Gabriella Demetriades (left) and Nikhil Thampi at The Daily Bar & Kitchen in Bandra. Pics/Sneha Kharabe

Sabhnani: What made you enter menswear?
Demetriades: Because no one's doing it! I am doing more of a casual daywear line that is unisex — jeans, tees and jackets.
Thampi: Menswear has evolved from what it was five years ago. Men are more experimental. I remember I had done cowl kurtas in my GenNext show; it wasn't big back then. Every top designer today is doing drapes for menswear. I thought, let's revisit it. Although, it is mostly Indian, nobody is doing predominantly western clothes. We thought of doing a small collection of eight looks to check the market. We have been flooded with offers. I never believed in celebrity showstoppers till today [Hrithik Roshan walked for his show].
Demetriades: It's amazing when they wear them as it goes viral. But then it depends on the celebrity too. As a foreigner, it was interesting to see that.
Thampi: We both owe a lot to celebrities; my career graph accelerated because of it. But it's important only if it translates into sales. A Deepika Padukone wearing an outfit is not as aspirational as Sonakshi Sinha or Kareena Kapoor wearing it, as they are full-bodied. Fashion weeks should focus only on design, not showstoppers.

Sabhnani: Speaking of model sizing, how did you shift from modeling to designing?
Demetriades: My family business involves textiles and haberdashery. My grandmother started it 50 years ago. My mother owns a small knitwear label in South Africa. The production capability there isn't amazing and we always thought of moving to India. We first came to India to look at production possibilities.
Thampi: Production is a nightmare in Mumbai. It costs half in Delhi or Kolkata. I cry every day due to bills and production issues.

Sabhnani: We have a long way to go, right?
Demetriades: It's very young. The Indian sensibility is conservative, so you have to tone it down. But it's a growing economy and there are risk-takers too.
Thampi: To survive, you have to be an all-rounder, especially a PR maestro.
Demetriades: Exactly. What's in the public eye becomes the identity of the brand. There's a big gap between lounge and high-end Indian wear — I can't buy a four-lakh gown for every occasion. There are no sexy/fun labels. The price point between $100 to $700 is massive in the West, and you can buy something beautiful.

The food arrives; Quinoa Salad and Champagne Mushroom Fricassee for Demetriades; Pollo Funghi e Jalapeno, Drunken Prawns and Banana Peanut Butter smoothie for Thampi.
Demetriades: This looks good! Avocuddle sounds cute [we ordered a blueberry avocado shake called Avocuddle].
Thampi: Food is my happy space. I eat everything; I can eat a human being!
Demetriades: That's mean! I gave up meat three months ago. But my family is Greek, so everything has lamb. They asked me, 'What are you going to eat!' When I watched the film Okja, I was in tears. And I was hosting people for dinner that day. When a pork dish was served, I thought, 'Oh god, I can't do it.' Since then I haven't had red meat or chicken.

Sabhnani: So, do you eat before shows?
Thampi: I can't eat anything, but I compensate after the show.
Demetriades: French fries. When I am stressed, I eat. When I am super happy, I don't. When I was in South Africa, I was 10 kilos lighter. It's very hardcore there. When I came to India, it was the opposite. People liked that I was curvy.
Thampi: She's so thin! It's a profession; you need to maintain yourself. But none of us would want to project our clothes on an extremely thin model.

Sabhnani: What do you like and hate about the industry?
Thampi: Nepotism. You pick up any magazine, and you'll spot the same five people, all over again. The same people are given awards every time. Move on!
Demetriades: Fashion and celebrities are a single entity in India. I don't think that just because you are a celebrity (Bollywood or cricket), you are fashionable. Also, there is hierarchy and power play in the industry, which is scary for newcomers and outsiders or foreigners like me.


Quick takes




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Mikey McCleary and Natalie Di Luccio, two expats in Bollywood bond over lunch

When we reach a swish Bandra restaurant at the exact hour scheduled for lunch with Natalie Di Luccio and Mikey McCleary, we find Natalie already seated there. Mikey, though, hasn't arrived yet, and this leads to inevitable jokes about 'Indian Standard Time'. But to be fair to the New Zealander, he reaches only a few minutes later and immediately hits it off with Natalie, whom he knows from before. But the two haven't met in a while, their individual projects having kept them too busy to find the time. Mikey, 48, is a composer who dabbles in Bollywood projects such as Shaitan (2011) and most recently Ribbon, which released last month. Natalie, a 28-year-old Italian-Canadian, has made a mark in Bollywood too, as a playback singer in films like English Vinglish and Chennai Express. A Hindi video in collaboration with Raghu Ram is also just around the corner. She's recovered from an appendicitis operation only a few days ago, she tells us, and explores the menu with Mikey before they settle down for an engaging conversation.


Mikey McCleary and Natalie Di Luccio at a restaurant in Bandra West. Pics/Shadab Khan

Shunashir to Natalie: How did your relationship with India begin?
Natalie: Well, I remember I was in the library in McGill (a Canadian university where she studied) around 2009 and I had all my songs on Myspace at the time. I don't know if you remember Myspace?
Shunashir: I do remember it.
Mikey: Yeah, I do too.
Natalie: So this is then, okay? And I got a message on Myspace from someone from India, who said, "Hi, we'd like you to come to India and record on this fusion album on the chakras." But the whole thing didn't make sense to me at the time. So, I said, "Thanks; yeah, maybe one day." But I didn't know who that album was by. Long story short, they messaged me again and said, "Can you do some recording for us from Canada?" and I said, "Okay." Two months later, I get back home from school in Quebec and there's a CD in the mail; it's Sonu Nigam's Maha Ganesha album, which is what I sung for!
Mikey: Wow.

Shunashir: Yeah, wow. And how was it for you, Mikey?
Mikey: My relationship with India actually began because I was born here, in Chennai. My parents were missionaries in the country, in Andhra Pradesh. But anyway, let's fast forward. I moved to New Zealand when I was five years old, did my schooling there, got into music, moved to London and got a studio there. And one day, somebody knocks on the door of the studio, some Indian fellow, and says, "Hi, I'm your new brother-in-law." And this guy is Lucky Ali.
Natalie: Oh my gosh!
Mikey: Yeah, but he hadn't released anything then, so he wasn't known as a singer. He had come to do some sort of recording in Watford and said, "Can I come in and maybe, we can do some music together?" So, I said, "Okay, come back over the weekend," and that's how we recorded a couple of songs, Oh Sanam and Sunoh.
Shunashir: ...Which kind of changed the Indi-pop game at that point of time, at least in terms of videos.
Mikey: Right. And the Oh Sanam video was shot in Cairo, at the pyramids. And the woman who was dressed in the purdah, with everyone in India wondering who this person with blue eyes in Lucky Ali's big hit song is — that's my sister!
Natalie: That's so funny, and really cool.

(The food — poached pear and blue cheese salad, grand chicken Caesar salad, meatballs in creamy sauce and pizza American — arrives)
Mikey: Have you noticed how so many Mumbai menus suddenly have watermelon and feta salad?
Natalie: I think it's a Greek combination and you're right, it's everywhere now. But the pizza in Italy (which is where part of her family is from) is totally different from the one we get in Mumbai. They have less ingredients and the main thing is always the tomato sauce. You can tell the restaurant by its tomato sauce.

Shunashir: Have you not taken to Indian food?
Natalie: No, no. It's not that. But I am fonder of North Indian food because I find that it's a little sweeter in general, all your butter chickens and navratan kormas. And I think North Indian food is pretty much what you mean by Indian food elsewhere in the world, right?
Mikey: Well, do you know what the national dish in the UK is?

Shunashir: It used to be chicken tikka masala, but I'm not so sure about now.
Mikey: I think it still is. By "national dish" they mean the most commonly ordered dish in restaurants.
Natalie: I don't know why it is, but when I'm at home here, I don't like having cooked food as much. Maybe it's the weather?
Mikey: Yeah, it could be. You'll also see that countries that are hotter actually have more chilli in their food. That's because it's counter-intuitive. Chilli kind of cools you down, and brings the heat out.
Natalie: It's so funny how that works.

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Style tips: Ace the winter look like these Bollywood celebs

Pick a long jacket with a subtle sheen like Kareena Kapoor Khan to add glamour to your evening. Unlike the actor, you might want to wear something more than a bralet. pic courtesy/instagram.com/ eshaamiin1

<< The world is moving towards knowing what fabric they choose to wear. Check the labels to see the composition to gauge the fabric. Several high street labels sell apparel made from synthetic and plastic fibres that aren't sustainable, and neither keep you warm nor cool. << Cotton and other natural fabrics are the key to layering in Mumbai. A trench coat, which usually is considered heavy, when made with cotton will offer just the right amount of warmth. Slip on a cotton trench coat on a dress or jeans. Or layer in cotton, for example — wear a singlet, a cotton top over it, and a jacket made of natural fibres as the outermost layer.

<< Quilted cotton jackets make for a good choice as you move from AC to non-AC areas and you need to wear a fabric that doesn't make you feel cold or hot. Avoid heavy fabrics such as woollens, as you are bound to break into a sweat. A fabric to try is hemp; it adapts well.

<< Carry a stole that will help cover your neck or head if you don't wish to lug around more garments.

<< Wear a long printed or silk jacket, on a dress and belt it. Keep one separate as a statement piece with the rest as basics. Also try a poncho instead of a jacket.

<< Pair a saree with a long, light trench. Wear a shawl jacket on your blouse with a saree.

<< You can even opt for a high neck, full-sleeved top as a blouse.

Inputs by Tanya Sharma, fashion designer and stylist

Wear an embellished jacket over a sleek tunic-and-pants combo for a winter wedding or a glam night out. pic/PTI

Ditch the clichéd cold shoulder top and opt for an off-shoulder cardigan, like Neha Dhupia. Pic/Bipin Kokate

Match your layer with your accessories, be it a bag or shoes, for a striking appearance. Pic/Falguni Agrawal

Belt a jacket over your saree and play with its drape like Kajol, for a twist in your desi look. Pic/Sameer Markande

Anushka Sharma gets layering right with an unbelted light trench coat paired with jeans and slip-ons

Catch up on all the latest Mumbai news, current affairs from Mumbai, local news, crime news and breaking headlines here

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Tax-News.com: Paper Looks At 'Tax Haven'-Use Trends Globally

The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens."




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Video: Cricketer-turned-cop Joginder Sharma 'finally getting some family time'

Former Indian cricketer Joginder Sharma, who is now serving as a Deputy Superintendent of Police in Hisar district of Haryana, is currently making sure people stay indoors and adhere to the guidelines of the government during the ongoing lockdown in place amid the coronavirus outbreak.

And for discharging his duties, he has to be available 24/7. As he comes in contact with many people, the former Indian cricketer said that he doesn't even go home to avoid any risk after his duty hours end. However, on Sunday, he finally got a chance to meet his family in Rohtak, 110 kilometres from Hisar.

"Finally, after a long, I got time to spend with my family...Motivating kids to be strong and stay happy at home…," Joginder tweeted along with a video of him playing cricket with his children.



Joginder recently gave an interview wherein he divulged the details of his routine as a DSP.

"My day starts around six in the morning. Today I started at 9am and am returning home now (8pm). But I need to be ready for emergency calls, so effectively I am available for duty 24 hours, and I can't say no," Joginder said.

"The area that I need to oversee is mostly in the rural belt of Hisar. Right now, it involves guarding various check-posts and instructing not just truck and bus drivers but also common people about the virus. The basic message is: do not get out of the house unless you need to. If someone is outside without any purpose, we can sanction them under various legal acts," he added.

The former medium pacer had a short international career of four ODIs and four T20Is but was immortalised when he took the wicket of Misbah-ul-Haq in the 2007 World T20 final against Pakistan in South Africa.

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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Viral photo: Sakshi Dhoni playfully bites MS Dhoni's toe as she craves attention

Former India cricket captain Mahendra Singh Dhoni’s wife Sakshi Dhoni is quite an active celebrity on Instagram.  Sakshi Dhoni's posts on Instagram always gets the attention of her fans and this time its no different.

While on lockdown due to the COVID-19 pandemic, Sakshi and husband MS Dhoni are busy spending their time at their home in Ranchi. Sakshi Dhoni, who is famously known by her dear ones, for her playful and fun-loving nature, shared a photo of her about to bite MS Dhoni's toes while he is busy on his cell phone. “Times when you crave attention from #mrsweetie!” Sakshi captioned her post that received over three lakh ‘likes’ within a few hours.

 
 
 
View this post on Instagram

Times when you crave attention from #mrsweetie !

A post shared by Sakshi Singh Dhoni (@sakshisingh_r) onApr 19, 2020 at 3:40am PDT

MS Dhoni and Sakshi Dhoni are one of the biggest star couples in the world of cricket today. MS and Sakshi Dhoni were childhood friends and share a close bond. They got married in 2010 and had a baby named Ziva, five years later, in 2015.

MS Dhoni's future in cricket is the biggest topic these days as he last played a match was in the 2019 World Cup semifinals against New Zealand. Away from the game since then, Dhoni has been making most of his free time spending it with his wife Sakshi, daughter Ziva and family.

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Ramiz Raja: So, Umar Akmal officially makes it to the list of idiots

Former Pakistan cricketer Ramiz Raja has welcomed PCBs decision to ban Umar Akmal on corruption charges, saying the batsman has officially made it to the "list of idiots" and that people like him should be put in jail.

Umar has been banned by the Pakistan Cricket Board from all forms of cricket for three years after pleading guilty to failing to report match-fixing approaches.

"So, Umar Akmal officially makes it to the list of idiots! Banned for three years. What a waste of a talent! It's high time that Pakistan moved towards passing a legislative law against match fixing. Behind bars is where such jack a**** belong! Otherwise brave for more!!" Raza said in a tweet.

PCB informed about the ban imposed on Akmal on Monday on Twitter and said: "Umar Akmal handed three-year ban from all cricket by Chairman of the Disciplinary Panel Mr Justice (retired) Fazal-e-Miran Chauhan."

Umar, who has played 16 Tests, 121 ODIs and 84 T20Is for Pakistan, had earlier stated in an interview that he was offered money to skip matches against India. He had also revealed that he was asked to leave two deliveries in a match by the bookies.

"I was once offered $200,000 for leaving two deliveries. I was also offered to skip matches against India," Akmal was quoted as saying by GeoTv.

Umar's brother Kamran reacted to the three-year ban, saying that he was shocked to hear the decision.

"We will reach out to every platform for justice and will definitely exercise our right to appeal," Kamran was quoted as saying by GeoTv, adding that there are instances when punishments of lower degrees were allotted for similar charges.

"It is incomprehensible that why Umar Akmal is penalised so severely," he objected, adding that a detailed decision is awaited in this regard.

Umar had not requested for a hearing before the Anti-Corruption Tribunal after he was charged for two breaches of Article 2.4.4 of the PCB Anti-Corruption Code in two unrelated incidents.

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India's physically disabled players finally get prize money from BCCI

The two-month wait endured by India's Physical Disability T20 World Series-winning team for their prize money from the BCCI finally ended on Saturday after the Indian cricket board ensured that the Rs 3 lakh [to each player and support staff member] was remitted in their respective bank accounts.

mid-day on Friday had highlighted the hopes players had from the BCCI after the cash reward was announced on March 4. The BCCI deposited Rs 2.70 lakh [after tax] to all 18 players and five support staff members of the winning team.

It was a huge relief for Suganesh Mahendaran, son of an auto rickshaw driver. "I didn't expect the money to come so soon. When my teammate Ramesh Naidu informed me, I just couldn't believe it. This money is quite precious and we will use it very carefully," said the hard-hitting Tamil Nadu all-rounder, who changed the complexion of the final v England with his 11-ball 33 to help clinch the title in August 2019 at Worcestershire.

Naidu was thrilled too. "It is a huge amount for jobless cricketers like me. I will give this money to my father as he knows how best to utilise it," said Naidu, who is doing his M Tech from IIT Chennai.

Coach Sulakshan Kulkarni thanked mid-day for highlighting the players' cause. "We all received the money from BCCI. mid-day's article has made a lot of difference. So, a big thank you," said the former Mumbai wicketkeeper and Ranji Trophy-winning coach.

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Shardul Thakur: I'm already there mentally

India pacer Shardul Thakur, 28, cannot remember when he last spent a summer break at his home in Palghar, where he is catching up with old neighbours and childhood friends thanks to the Coronavirus-caused lockdown. Thakur was in the Indian team for their last ODI series before the lockdown—three games in New Zealand—where the hosts won 3-0. In three games, Thakur claimed four wickets including 2-60 while opening the bowling in the second ODI at Auckland. It was in this game that he slammed a 15-ball 18 (3x4) at No. 8, but it couldn't help India cross their 274-run target; Virat Kohli's men falling short by 22 runs.

Thakur has played a solitary Test (against the West Indies at Uppal in 2018), but a groin strain restricted his participation to just 10 balls. He has played 15 T20 internationals but has yet to establish himself in the team, partly due to injuries.

Apart from providing a lowdown on his lockdown schedule, Thakur opened up on his batting evolution, his aim of becoming a bowling all-rounder, the hot debate about applying saliva on the ball and his views on social media trolls.

Edited excerpts from the interview.

How are you dealing with the lockdown?

I can do sprints in my backyard. There are certain workouts that can be done inside, which I do regularly. In my verandah, I practise my action from just one or two steps. The purpose is to ensure my body and mind do not forget what I have been doing. When I step on the field, these drills will make it a bit easier to start again. It will be very difficult if I don't do anything during the lockdown.

You played some useful knocks during the T20Is against Sri Lanka and the limited-overs series in New Zealand. How has your batting evolved?

I have either batted at No. 9 or 10 for Mumbai. There were some guys, who never believed in my ability but when I played under coach Chandrakant Pandit, I made some useful contributions with the bat. He encouraged me to focus on my batting. But unfortunately, he left. I kept telling the Mumbai team management that I can bat at No. 8, so we don't need an extra batsman to increase the depth in the batting. But there are a lot of other factors that determine that [playing XI]. Honestly, I always feel I got very less opportunity with the Mumbai team to prove my worth as a batsman. To be a bowling all-rounder, I expect my state team to promote me. During the injury period [foot surgery], I decided to make a conscious effort to bat. I would visualise various situations to bat in and what would be my approach. In the Indian team, they always back me and I've been told that I will bat at No. 8.

How did the Indian team management come to know about your batting ability?

I practised in the nets. The team management believed that I could bat and always encouraged me. They saw my potential, my hunger, and backed me. There was a conscious effort in the nets, genuinely wanting to contribute in other depart-ments for the Indian team.

Are you aiming for an all-rounder's role?

In my head, I am already a bowling all-rounder, but I have to dish out some strong performances for the people to recognise it. I will have to go out there and prove it. That's the plan.

What's your view on avoiding the use of saliva or sweat on the ball as a Coronavirus-related precaution?

I am pretty okay avoiding saliva on the ball for some time, till COVID-19 [pandemic] settles down completely. The dynamics of bowling will definitely change, there is no doubt about it. But the sport has always evolved, so I am sure some new ideas will come up; within the rules of the game of course.

You were trolled after going for 227 runs in the three ODIs v NZ. This happened after a decent performance in the T20I series [eight wickets in five matches v Kiwis]…

I am new to the international circuit; I'm learning. It has been an up and down curve, but what I get to learn from it is important. I have no problem with people criticising me, but there are our family members, near and dear ones on social media as well and they also read the abuse and harsh language against us [players]. The family gets affected the most as they are not used to it. So, they [trollers] should think twice before writing anything on social media.

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Africans in China being 'evicted, forcefully tested' for Coronavirus

African ambassadors in China have written to Foreign Minister Wang Yi over the "discrimination" against the African nationals in the Chinese city of Guangzhou. According to reports, African students and expatriates in the city are being evicted by the landlords, forcefully tested for the novel Coronavirus (COVID-19) and quarantined without checking their travel history or considering other criteria for testing.

Several of them have been refused rooms in hotels and are forced to live on the streets, according to CNN. Several videos and posts about the alleged discrimination also went viral, leading to widespread anger among citizens in Africa.

Al Jazeera reported that its journalist Sarah Clarke said some in China believe the African community in Guangzhou could be behind a second wave of infections. "Since last Thursday we saw 114 new cases reported in Guangzhou of Coronavirus and 16 of them Africans. We've seen a number of reports from members of the African community in Guangzhou making complaints of mistreatment, arrests, eviction and being denied access to restaurants and hotels, and some students are even claiming to be living on the streets and being denied food," she said.

The ambassadors said such "stigmatisation and discrimination" has led people to believe that the Africans are spreading the virus. Chinese Foreign Ministry spokesman Zhao Lijian has, however, denied the claims of discrimination, without referring to the letter to Wang.

Zhao Lijian said, "The Guangdong authorities attach great importance to some African countries' concerns and are working promptly to improve their working method. African friends can count on getting fair, just, cordial and friendly reception in China."

'No home quarantine for patients'

Wang Xinghuan, the head of the Wuhan Leishenshan Hospital, involved in handling the crisis in Wuhan on Monday said mandatory isolation of people with mild symptoms in special centres instead of their homes is essential as they are very likely to spread the virus to their family members.

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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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Youtuber accidentally hits man's car. What happens next is heartwarming!

An exchange of texts between the YouTuber and a man whose car he hit has gone viral. YouTuber Casey Neistat had tweeted about leaving a note apologising to a man whose car he accidentally hit with his 17-year-old pick-up truck and what happened next was absolutely heart-warming.

Neistat, who stays in Los Angeles, wrote on Twitter, "I scratched a guys car this morning when parking my truck, total accident, small but noticeable scratch. I left the owner a note on the wiper and he texted me..."

The note Neistat left for the man read, "Hello, I scratched the hood of your car while parking mine. Please call/text so I can pay for the repairs. My sincere apologies for the trouble." The man texted him  on his contact number provided on the note and gave him a surprising reply. He asked Neistat to donate the money he had put aside for the repairs to the local food bank instead.

The reply read, "Hey, Thank you so much for the note. Please don’t worry about the scratch. Any money you have put towards my car feel free to donate to a local venice food bank. Have a great week!"

Neistat then donated 250 USD to the Los Angeles Regional Food Bank in the name of ‘Mr Scratched Car’. The heart-warming exchange between the YouTuber and the stranger garnered over 243,500 likes and was retweeted more than 20,900 times.

The users commenting on the post narrated similar incidents and praised the interaction between them. Some also praised the man’s reply to the Neistat’s note.

What do you think about the post?

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Vijay Mallya appeals to UK Supreme Court as last ditch effort to prevent extradition to India

As a last ditch effort to prevent his extradition to India, embattled liquor baron Vijay Mallya on Monday filed an application in UK Supreme Court to prevent implementation of an earlier order that made his return to India imminent.

The application came after a gap of almost two weeks after the London High Court on April 20 rejected a similar application and ordered his extradition to India to face enforcement authorities there in connection with a Rs 9,000 crore bank fraud and money laundering case involving his now defunct Kingfisher Airlines.

The UK Supreme Court is expected to hear the matter later this week. Legal experts said that if the application is rejected by Supreme Court as well, then UK Home Secretary would have to sign on Mallya's extradition papers within 28 days.

Mallya's application in Supreme Court came on the last day when such an appeal could be made in the top court. The 64-year-old businessman was given 14 days to file such an application against the order of High Court. The high court dismissed his appeal against a Westminster Magistrates' Court extradition order certified by the UK Home Secretary.

Legal experts quoted above said it is unlikely for Mallya to get a reprieve from Supreme Court as it would only look as constitutional issues and may not tamper with high court's order if other aspects are in order.

This should be music to the ears of enforcement agencies in India who have been waiting for a long time get hold of the fugitive businessman. The ED has attached several properties of Mallya in the last few years under sections of the Prevention of Money Laundering Act.

Mallya is being investigated by the CBI and the Enforcement Directorate in connection with the loan fraud case.

He was arrested by the UK authorities on April 20, 2017 on the request of the Indian investigative agencies.

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Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally

Posted by Equitymaster
      

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.

India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.

All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest.

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Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, the rupee is currently trading at 75.57 against the�US$.

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Gold prices are currently trading up 1.7% at Rs 46,161.

Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.

On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.

Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.

In global markets, gold prices edge higher today after a sharp fall in the previous session.

Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.

The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.

Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.

However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.

The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.

Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.



This article (Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally) is authored by Equitymaster.

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




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