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Maharashtra: Three held for attacking cop on lockdown duty

Three men were arrested for allegedly attacking a policeman, who was on lockdown duty, at Ambejogai town of Maharashtra's Beed district, an official said on Friday. Govind Yelmate, who is attached to Amjogai police station, was beaten up by three men on Wednesday night, inspector Siddharth Gade said. Yelmate was investigating an offence at Yashwantnagar, where he spotted Kishor Lomte, Vaibhav Akhate and Tushar Shingare chatting at the street corner and questioned them, the official said.

The trio got angry and in turn attacked Yelmate, he said, adding that the accused were arrested under sections 353 (assault to deter a public servant from discharge of his duty) and other relevant provisions of the Indian Penal Code.

Incidentally, the injured policeman had provided two- month ration to a disabled man in town a couple of days ago, he added.

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Ae Kaash Ke Hum

Love is the most pious feeling in the world. But what if love happens and you come to know only after love is no more around you. This is the story of love, friendship and fate. How fate controls your life and love in today's fast paced world. Love blossoms in childhood but takes shape in teenage. Pari is a girl who is in love with her classmate but by the time she expresses her love, she finds out it's too late. Fate takes her love away and when he comes back life has already taken a turn for the worst. This journey brings you the question - love is what remains with in you even after the person is not with you anymore. A light hearted realistic tear jerker musical, story of every heartbeat!




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Taanashah

An uncomplicated man Shiva finds himself in a vortex of desperate and miserable life after an act of mindless violence by the demonic village Thakur. Shiva avenges his father and sister’s murder by killing Thakur and his men and soon after, prodded by his saviour and partner-in-crime Sukhlaal, joins the gang of a deranged dacoit Raja Rangoli. Since Shiva and Sukhlaal had also killed cops while escaping, the local police led by SP Suraj Pratap and Inspector Jamaal, initiate an investigation on Shiva... There Shiva is not happy joining Raja for his whimsical and absurd ways. Fortunately he meets Daya Baba, a wise man of the gang who becomes his advisor and guru. Shiva turns out to be a quick learner and proves his worth to the gang. Yet despite his contribution, Raja continues to insult and abuse Shiva. Eventually, during a raid at a rich trader’s house, when Raja attempts to rape the trader's daughter, Shiva revolts and leaves with Sukhlaal and Ganga to form his own gang. This is the turning point in Shiva’s life and the beginning of a journey of his becoming the most feared outlaw of Bundelkhand. As Shiva’s might and reputation grows, many powerful people reach out to him seeking his favour. And amongst them is a wily politician Jagat Prabhu. Jagat Prabhu is looking for Shiva’s support for a win in the forthcoming election. Shiva obliges by perpetrating terror and murdering the Election Presiding Officer to get him elected. Jagat Prabhu’s win initiates Shiva into the corridors of political power… The murder of Election Presiding Officer does not go well with the upper echelons of administration who appoint a young and dynamic DSP  Ranbir Singh on the job of getting Shiva.  Ranbir is an honest and daring officer but reckless in his approach. In his enthusiasm he puts Shiva’s mother In jail who unfortunately dies in custody. An inconsolable Shiva, abducts the DSP and decapitates him in retaliation. This turns out to be an unwise act. Panicking, Jagat Prabhu reaches out to assuage Shiva, but Shiva chooses to humiliate him. He strips him in front of all and sends him back. It is yet another mindless act which ultimately leads to Shiva’s downfall Shiva’s story finally turns out to be a clash of aspirations. It is a tale signifying the futility of violence as a means of dominance and power. Almost as quickly the newly appointed SP Ajay Sinha takes the charge, he ruthlessly moves against Shiva and his men.  The irony of Shiva’s story is, even the mighty SP would  have failed to get him and dismantle his empire, had he not been betrayed by a man he so deeply trusted.




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Watch: Karan Johar's son Yash mistakes his tijori to be a washing machine

Karan Johar's kids Yash and Roohi certainly have a fascination for their father's closet, and are hovering around that place most of the times. Quite understandable, given that Karan is a known fashion freak and has piles of interesting clothes in his closet.

And apart from that, he also has a tijori inside one of the cupboards! This was a discovery for us, and the credit goes to Yash who thought it to be a washing machine and opened the cupboard door for us! Karan can't stop laughing when Yash tells him it is a washing machine, and says that his tijori is empty, thanks to the present economic condition, and a washing machine would actually be much more useful. LOL! He shared the video on Instagram and wrote, "Well we are now back in the closet but this time with a twist".

 

View this post on Instagram

 

Well we are now back in the closet but this time with a twist #lockdownwiththejohars

A post shared by Karan Johar (@karanjohar) on


The huge closet might attract them, but Yash and Roohi aren't always very delighted with their dad's choices. Just some days ago, they mistook one of his fancy Manish Malhotra kurtas as their grandmother Hiroo Johar's dress. Another time, they were seen picking Karan's frames and calling them stupid.

Stern critics in the house!




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Flashback Friday: Kareena Kapoor Khan shares old photo of Rishi Kapoor with Randhir, Babita and RD Burman

Veteran actor Rishi Kapoor breathed his last on April 30 after his prolonged battle with leukemia. The Kapoor family, friends, and fans continue to remember him on social media.

On Thursday, his niece Kareena Kapoor Khan shared a throwback picture of him with her parents, Randhir and Babita Kapoor. The black and white photo features legendary musician Rahul Dev Burman (RD Burman). She captioned her picture, "Irreplaceable" with a heart emoji.

 

View this post on Instagram

 

Irreplaceable ❤️

A post shared by Kareena Kapoor Khan (@kareenakapoorkhan) on

Neetu Kapoor left a heart emoji in the comments section.

Rishi Kapoor was diagnosed with leukemia in 2018. He went to New York for his treatment and returned to India in September 2019. He passed away at the age of 67 in Mumbai.

ALSO READ: Throwback: When Rishi Kapoor and Neetu Kapoor dined with Abhishek Bachchan and family in New York




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EXCLUSIVE: Subhash Ghai reveals the plot of Khalnayak 2 with Sanjay Dutt, Madhuri Dixit, and Jackie Shroff

Khalnayak is one of the most respected films made by Subhash Ghai, despite the controversies that revolved around it. From Sanjay Dutt’s arrest post shooting for the final scene to Madhuri Dixit’s famous song, ‘Choli Ke Peeche Kya Hai’, there were a number of controversies that came to light. However, after the film released, it became a blockbuster and was even recognized internationally. Subhash Ghai, in an exclusive conversation with Bollywood Hungama, spoke about how he ideated the sequel of this film after Sanjay Dutt wrote to him from jail.

He said, “We’re working on Khalnayak 2 from the past 2-3 years now. Sanjay Dutt has always been a dear friend of mine and even when he was in jail, he used to write to me. So, in those letters, he would always write to me saying that whenever he entertains here, they hand him the mic and ask him to sing as well. The most famous song there was ‘Nayak Nahi Khalnayak Hu Main’, and Khalnayak was a very popular film there and they loved him for the character Ballu Balram, so why don’t we make a sequel for it?”

He further continued and said, “So, he wrote it to me in a letter and that’s when I thought that it’s possible to make a sequel. It would revolve around Ballu Balram returning from jail after completing his sentence and then he would come across Madhuri Dixit and Jackie Shroff’s characters that have gotten married and have kids. Then I narrated it to Sanjay and he said that we will definitely make this film, that’s when we started working on the script and it has been close to two years now and the script is ready. God willing, we will soon take the film on floors. The story will revolve around Ballu Balram’s older and younger version. Sanjay will portray the older version and the younger one will be portrayed by a new-age star.

He further confirmed that Madhuri Dixit and Jackie Shroff will also be a part of the film. Watch the entire segment right here.

Also Read: Sadak 2: Sanjay Dutt says Mahesh Bhatt still seeks perfection in every shot




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Varun Dhawan wishes ladylove Natasha Dalal on her birthday, says he chooses her over UFC

Varun Dhawan and Natasha Dalal have been dating each other for years now and had even spent their New Years in Switzerland. The couple is usually spotted together on vacations and family functions while their fans have been rooting for them to tie the knot for quite some time. Varun Dhawan fans are aware of how he’s a UFC enthusiast and even had the opportunity to meet some of the fighters last year.

With Natasha Dalal turning a year older today, Varun Dhawan had the sweetest birthday wish for her. he posted a picture of them from one of their vacations along with a picture of Natasha and her pet as she celebrated the birthday under quarantine. The caption reads, “Happy birthday ???? nata. I choose you over the ufc ????”

Take a look at the pictures.

 

View this post on Instagram

 

Happy birthday ???? nata. I choose you over the ufc ????

A post shared by Varun Dhawan (@varundvn) on

On the work front, Varun Dhawan is currently awaiting the release of Coolie No. 1 where he will be seen sharing the screen space with Sara Ali Khan for the first time.

Also Read: Tiger Shroff flaunts his melodious voice with ‘Theher Ja’ and Varun Dhawan is floored




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Transforming fashion through community innovation

The fashion industry has been linked to pollution, waste, and modern slavery. In light of this, an EU-funded project led a series of successful experiments designed to spark radical, sustainable change while, at the same time, uniting Europe's textile and clothing businesses.




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COVID-19 lockdown: Tennis babe Ashleigh Barty is happy for family time

Australia's World No. 1 tennis ace Ashleigh Barty, 24, likes to see the positives in life even in the most negative situations.

The French Open champ, currently at home Down Under due to the Coronavirus-caused lockdown, says there is no point in stressing over the uncontrollables.

"Everyone is in a unique situation, depending on what country they're from and all the governing bodies making different decisions. It's not a time to worry or stress about because it's something out of our control. There's always a silver lining, there's always something we could be grateful for, to be happy about. For me, it's being able to spend time with my family," Ashleigh told the WTA Tour website.

Meanwhile, Ashleigh has kept in touch with some of her friends on the Tour. "I spoke to Kiki [Bertens] and Jule [Goerges] and Simona [Halep] and Petra [Kvitova]. It's just to check it they and their families are fine. Firstly, it's always about health and looking after yourself and your family, and then sports is a bonus. This is a time where we can really appreciate the little things."

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Live like a Kardashian in Dubai

It's like a scene out of Princess Diaries. I enter my suite at Burj Al Arab and let out an exclamation. The large, plush living room in hues of blue and gold looks out on the pristine Persian Gulf. "This is my room?," I manage to squeak. "Yes," my personal butler says. "If you follow me, the bedroom is above." Above? The winding stairs lead up to more luxury, in the form of a walk-in dressing area, a bathroom that has my own private jacuzzi, and a bedroom that's a shame to be enjoying alone.

After the butler leaves, asking me to call him for anything my heart may desire, I decide to soak my weary, it's-December-and-I-need-a-break bones into a hot jacuzzi, as I listen to music and play with the foam. Ok, I know I have moved from Princess Diaries to Julia Roberts in Pretty Woman, but bear with me. And so, I prance into the bedroom, 20 minutes later, suitably loosened up, I plonk myself on the bed in my soft, white bathrobe. And that's when I see it — a ceiling mirror. And that's when I forget about being a princess or a pretty woman — I morph into a Kardashian as I take my first selfie of the trip. Don't blame me, it's a ceiling mirror after all.


Pics/ department of tourism and commerce marketing

As I post the picture on my Instagram with appropriate Kardashian references, I look around and admit sheepishly — it's easy to get used to luxury. It's rumoured that Dubai got its name from an Arabic proverb "Daba Dubai" which means "They came with a lot of money". Well, you have to come with a lot of money so you can really enjoy all that the city has to offer. Dubai has never shied from flaunting what its sheikh rulers have given it — gravity-defying skyscrapers (Burj Khalifa at 829.8 metres), high-fashion malls, ultra luxurious hotels and a glittering nightlife, among many other attractions. Though you may have looked at it all from far and shook your head in disdain at the unnecessary opulence of it all, once you are here, it seems just natural to enjoy it.

Thanks to the fact that I am staying at the Burj Al Arab, the only certified seven-star in the world, my short two-day trip to Dubai has started on a lavish note. After my bathing and preening routine, I am informed that I will be watching a production of La Perle (The Pearl) created by Franco Dragone (the Italian-Belgium director who was once creator at Cirque du Soleil) as the first resident show of Dubai. After a drive that acquaints me with the buildings I have only seen in pictures (the Burj Al Khalifa, the Dubai Frame among others), I find myself seated in front-row seats at the theatre, I really don't know what to expect. But the next 90 minutes are a mind-boggling treat. Performed at a theatre that uses state-of-the-art technology, and houses an aqua-stage and a 12-metre deep pool filled with 2.7 million litres of water, 65 world-class performers, dancers, circus acrobats from 23 countries, perform breath-taking and extraordinary stunts, ranging from acrobatics and contortion to flying and diving. At the end of it, believe it or not, I am tired of gasping. But the show is once again about how Dubai doesn't do anything half-heartedly. If you are going to get a resident show, make it big. The next morning, after having barely slept (the large, quiet room sadly doesn't come with a hot sheikh to keep you company, wink wink), I head down to have breakfast as I look out on the gulf. Arabic delicacies share space with European and American food at the expansive buffet, and it all looks delicious. If I wasn't a fan of mezze (made up of babaghanoush, hummus, muhammara and much more), I am a convert now. My relaxed meal sets me up for a day full of, let's see, yes, more relaxing.

As I sink into the massage table, I am once again forced to see myself as another pop culture icon. I transform myself into Carrie Bradshaw in a glittering, starry outfit, and high heels (bought at a mall visit in the morning), for my dinner at the Burj's Scape restaurant that serves Californian cuisine. I don't know if the delicious pizza I ate was Californian, but it was worth it. It's just fitting to end the day with another picture, this time in full Carrie style, with my hand on my hip and my glitter in all it's Instagram-filter glory. As I stand by a gold ceiling prepping my smile, our hotel guide observes, "that ceiling is made up of real gold", and I just smile, "I didn't expect anything lesser."

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Maharashtra proposes tie-up for tourist homestay on Elephanta Caves island

The Maharashtra Tourism Development Corporation (MTDC) is working on a tie-up between hospitality provider Airbnb and locals for offering home-stay to tourists visiting the Elephanta Caves island located in Mumbai Harbour. The policy aims to overcome the security concerns due to high security installations facing the island that does not allow construction of hotels and night stay.



Tourism Minister Jaykumar Rawal said the 29th two-day Elephanta Festival, beginning January 27, will be held on the island itself again. After the 2008 Mumbai terror attacks, the festival venue was shifted to the Gateway of India in south Mumbai. "Seventy years after Independence, the island is soon to get proper electricity connection depending upon the testing of the electricity meters," the minister said. Rawal said there are about 1,200 to 1,500 homes on the Elephanta island, also known as Gharapuri Island, located east of Mumbai.

The minister said no new constructions are allowed on the island due to high-security installations of ONGC and the Navy. The Caves are declared a heritage site by the UNESCO and protected by the Archaeological Survey of India (ASI). Rawal said the government in a tie-up with the Mumbai Port Trust and the Hindustan Petroleum Corporation Ltd (HPCL) is planning a cable car over the sea for travelling to the island. The island is expected to get proper electricity connection within a week's time.

"The Elephanta festival will coincide with the culminating phase of the Mumbai Shopping Festival that will end on January 31," he said, adding that the Elephanta fest will comprise activities like treasure hunt at Elephanta, a sculpture and a painting contests with prize money. Besides this, the festival will have art, dance and music performances by Zia Nath, Sangeeta Trivedi, Sumeet Nagdev, Hans Raj Hans and others, Rawal said.

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The content/reporting displayed on our website www.mid-day.com is provided "AS-IS," "AS AVAILABLE, by us from third party, agencies, sources, without any verification from our side. It may contain error, bugs and other limitations. The reader's can rely on the content at their own will. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, data, text, images, video, messages, or any other material whatsoever or for any claims/loss/action that the reader may suffer as a result of relying on the content on our site. 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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Less blooms on Maharashtra's Kaas plateau worries authorities, visitors

Once a bed of colourful flora, the famous Kaas plateau in Maharashtra is now witnessing less blooms, worrying officials, tourists and nature lovers alike. The plateau, recognised by the UNESCO World Heritage Committee as a heritage site in 2012, is home to around 350 flowering plants, including some rare and endemic species.


Kaas Plateau. File pic

With the flowering already going down, a couple of fire incidents last month in the area, causing a damage to the flora at the site in Satara district, has now set off alarm bells for the administration. The state government has thus decided to take up a slew of measures, like better guarding of the place and inviting researchers to study why this picturesque site in the Western Ghats is losing its blooms, which were a big tourist attraction.

According to forest officials, human negligence, possibly lit cigarettes, could have caused the twin fires that gutted a portion of the world famous plateau recently. "The forest department, along with a joint management committee of forest officials and local villagers-turned-volunteers, has now decided to take certain safety measures to avoid incidents which could endanger the flora of the Kaas plateau," the range forest officer, Sachin Dombale, said.

He said those guarding the plateau have now been provided hand-held pressure water sprayers. "The plateau does not have big trees or plants. It is actually a grassland, so even if the grass catches fire, it can be doused with the help of these sprayers," he said. Earlier, six people used to guard the entire plateau of around 1,800 hectares. After the fire incidents, now 12 people are manning it in the day and six at night, he said.

Now, the visitors are frisked at the entry gate of the tourist site and are not allowed to carry inside combustible items like cigarettes, matchbox or lighters, he said. Somnath Jadhav, the president of the joint committee, said they have also started putting up "firebreaks" along the roadsides. "For the firebreaks, we burn the vegetation and grass in five metres of area along the roadside, so even if someone throws a combustible object, there won't be a fire," he said.
However, due to unavailability of power supply in the forest area of the plateau, they have not been able to put up CCTVs for keeping a watch.

"But, we are now thinking of using solar panels to address the power issue, Jadhav said. He said the gram sabhas of five villages (the locals of which are part of the committee), have also decided to put forth their proposals to safeguard the plateau and conserve its biodiversity and flora. One of the committee members said the state government should provide funds for proper maintenance of the site.

"We have to depend on the fees collected from visitors during the season, which is only for two months (September and October), to pay for the maintenance and salaries of the people working to guard the place," he said. "We seek government's attention, cooperation and funds so that this plateau of flowers can be conserved," he said. Jadhav said for last three to four years, the growth of some species of flowering plants on the plateau is on a decline, thereby calling for a study to find out its reason and restore the beauty of the place.

"We are now planning to write to various universities in Maharashtra to send some researchers and students of botany to study the reason behind this," he said. "We are making all-out efforts to conserve the plateau, which is home to some rare, endemic and threatened species of flowering plants, as it would then also lead to an increase in the number tourists at the site," he added.

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The content/reporting displayed on our website www.mid-day.com is provided "AS-IS," "AS AVAILABLE, by us from third party, agencies, sources, without any verification from our side. It may contain error, bugs and other limitations. The reader's can rely on the content at their own will. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, data, text, images, video, messages, or any other material whatsoever or for any claims/loss/action that the reader may suffer as a result of relying on the content on our site. 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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Travel: Go cashew apple picking at a farmhouse near Mumbai


Representation pic

Living high up in an apartment can cut off even the most ardent nature lovers from the soil. Perhaps this is why owning a piece of land is a dream many Mumbaikars - and especially those who have had a taste of what it's like - harbour. Dr Rashmi Pathak, who left her hometown Kolhapur to study medicine in Mumbai, was no different. She longed for the scent of sugarcane that filled the air during the harvest season, and a semblance of all that she had grown up with. To set things right, she and her husband bought a farm near Shahapur in 2001.

The doctor couple armed themselves with the knowledge of traditional manure and bio-fertilisers, and to ensure continuous production throughout the year, chose to have mango, cashew, chickoo and Indian gooseberry plantations on the farm, which they called Aditya Agro. The onset of summer means their 70-acre farm is now laden with red and yellow cashew apples, ready to be plucked and savoured. This Sunday, you can go cashew apple picking, sip on mocktails made from the fruit, and witness farm-life up close in Shilottar, no more than a two-hour drive away from Mumbai.

"We have organised day picnics in the past, but this is the first year that we are hosting guests for cashew-picking," informs Captain (retd) Adityavardhan Pathak, who joined his parents in the running of the farm after he retired from the Armed Forces in 2011. "Unfortunately, we lost 70 to 80 per cent of our trees to a massive fire in 2012. So, I lived on the farm for two years to put things back in motion. The experience was life-altering. When you live so close to nature, it reveals its many shades to you, which change from season to season, and even from day to night," says the Powai resident.

The trail will start at 10 am with a simple breakfast, followed by a briefing session. "Nature has its own way of telling you if its produce is ready to be consumed. If you have to tug at a cashew fruit, it means it's not fully ripe. A ready-to-be plucked cashew apple will give with just a slight twist," shares Pathak. Participants will then be divided into teams for a fun cashew apple-picking competition, where the fruit they pluck will be theirs to take. The Pathaks also provide recipes for cashew apple jams and juices that participants can try at home.

After the trail, a wholesome vegetarian Maharashtrian meal featuring dishes such as bharleli vangi (stuffed brinjals), vaalachi usal (field beans curry), tandlyachi bhakri (rice flour bhakri) and modak will be served. The day ends with a visit to the farm's in-house nursery, where saplings and vermicomposting kits can be purchased.

Nutty facts
>> Cashew is native to northeast Brazil, and was introduced to coastal India in the 16th century by Portuguese traders. Its initial purpose was that of a soil retainer to prevent erosion on the coasts.
>> The Jamaicans call the fruit cashew banana.
>> The Indian-sounding word kaju comes from the Portuguese caju or cajueiro
>> The cashew fruit is a rich source of Vitamin C and antioxidants.

On: April 15, 10 am to 4 pm
At: Aditya Agro, Shilottar, Shahapur
Call: 9223164501
Cost: Rs 990 for adults (Rs 780 for children from 4 to 12 years; cost includes meals)

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Mumbai band Aankh Micholi tells you why Kashmir should be on your travel list


Some of the band members saw snow for the first time in Gulmarg

It's rare for a young band, new on the scene, to get the traction that the Mumbai-based Aankh Micholi has got in the last year. Formed in 2015 at the True School of Music, the alternative folk fusion has been performing all over the city and country in 2018, gathering praise for their soulful music, which they describe as "a marriage between powerful lyrics and compelling storytelling". Recently, the five members - Osho Jain, 23, Bharat Chandore, 20, Pankaj Pathe, 26, Akshay Dabhadkar, 21, and Hansel Dias, 23 - performed at Winterfell Café in Srinagar, which is known for musical performances.


The band also used a sled as a percussion instrument

"We had heard about the café and we just took a chance and called them, and said, 'would you like to host us?', and they couldn't have been happier. They also told us that we were the first non-Kashmiri band to have played in the Valley. The band, Parvaz, had performed before us, but all its members are Kashmiri," Jain tells us. We asked the band why they think the Valley should be our next travel destination and this is what they had to say.


And sang a few songs, which they shared on Facebook

'The people are amazing'
We literally haven't met better people ever before. Firstly, at the café, which takes its inspiration from the Game of Thrones, a crowd of over 50 turned up, which is great for that area. This café has a lot of things happening all the time - open mics, storytelling, all performance-based art. The music that we were playing was very different from the kind of music they are exposed to, which is basically Kashmiri folk music. This was very new to them, but they just loved it, and responded with such gusto. People are just nice everywhere you go, and help is at hand whenever you need it.


A select few airlines offer direct flights from Mumbai to Srinagar, or you can fly to Delhi and take a connecting flight

As soon as we landed, we just dumped our bags at our hotel, and headed to the Dal Lake. We then sat in the shikaras, and started playing our guitars and singing our original songs. We were entertaining people, and they were loving it. After a while, people joined us in the singing. It was one of our most overwhelming moments.

The snow is magical
On the second day we were there, we headed to Gulmarg. It wasn't supposed to snow that day, and hasn't snowed for the last 20 days. But, as soon as we got there, it started snowing, and even the locals were surprised. Some of us had never seen snow before. We were on the slopes and we were sledding. We also used the sled as a percussion instrument, and sang a few songs as we did a Facebook live from the slopes.

Binge on Kashmiri Noon chai
Since most of were vegetarian, food was a bit of an issue. But, we all fell in love with the kahwa. That sweet, sweet tea, really hit the spot in the cold. We also sampled the Kashmiri noon chai, also called sheer chai, gulabi chai, which is a traditional tea made with salt, milk and baking soda. It's very different to taste, and it would be right to say that it's an acquired taste. But we loved it.

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Female biker Leslie Porterfield relives worst crash, records ahead of India trip

Ahead of her first trip to India, biker Leslie Porterfield, the world's fastest woman on two wheels, relives her record, worst crash and the growing number of Indian women on the riding circuit

At 16, Texas-based Leslie Porterfield bought a Yamaha Virago 1000, her first motorcycle, as an inexpensive mode of transport. It arrived in a box, and most people told her she wouldn't be able to get it running. However, she bought a manual, sought the advice of local mechanics, and put it together.


Leslie Porterfield

In fact, Porterfield loved riding it so much that just a year later, she went on to buy a sports bike (Honda CBR600). This was in the early '90s. "That's when my interest in racing began," recalls the 41-year-old mother of twins. She holds the Guinness World Record for being the fastest woman in the world on a motorcycle, which she set in 2008 with a speed of 232.522mph at Bonneville Salt Flats in Utah, USA.

On November 24 and 25, Porterfield will be in Goa for the fifth edition of India Bike Week, a fest that will witness a gathering of over 20,000 bikers to celebrate all things riding. Here, she will host a motorcycle stand and present awards for various achievements. Excerpts from an email interview:

Tell us about your most interesting motorcycle journeys.
Motorcycles gave me a sense of freedom and connection with nature while riding. One of my favourite trips was to the Baja 1000 (off-road race in Mexico's Baja California Peninsula) in 2005. I was on a dirt bike for the first time, and realised how difficult the race is. I went through 20 miles of deep sand whoops and fell 20 times. I have never been so sore. Another one is from the time I was 17, when I rode for 1,500 miles from Dallas to Los Angeles. On my way back, I was tired. I was riding at about 120mph. Unfortunately, I passed a police car and didn't see it. They set up a roadblock on the highway. When I stopped, I realised there were four police cars behind me. They were mad after chasing me for so long. I was lucky; the officer let me go without a citation. This prompted me to hit the racetrack.

What challenges have you faced in your racing career?
During my first year [2007] in Land Speed Racing [at Bonneville Salt Flats, Utah], the salt was in poor condition - wet, sludgy and hard to get traction. My bike got into a speed wobble at over 200mph. I tried to save it, but ended up coming off the bike at over 100mph. It was the worst wreck I've been in. I was unconscious, with seven broken ribs and a punctured lung. Fortunately, I recovered and made a point of testing different set-ups for the bike. I didn't push myself to make runs when conditions were bad. Racing comes with risks, which I try to minimise.

How did you crack the world record in Utah in 2008?
I had to make an effort to not think about what could go wrong, and put the accident out of my mind. I focused solely on what I needed to do to achieve my record. To set a land speed record, you have to make two runs — one in each direction - holding your top speed for a mile. My bike's engine was hot and as I entered the measured mile at full throttle, it started to sound rough. By the end, I had set the record but blown my engine, and there was oil everywhere!

What's your take on Indian motorcycle culture?
It's fascinating. The selection of motorcycles is vast, and I love that more women in India are riding motorcycles now. When I started in the '90s, men dominated the speed and racing scene; it was difficult for women to break into it.

Is Mumbai part of your itinerary?
I hope to see it during my visit. It is such a diverse city with much history. I've wanted to visit India for some time. I can't wait to experience its architecture, art, culture and beauty. I love Indian food, but have tried it only in America.

What kind of bikes do you ride now?
I have a Honda CBR1000, and several classic bikes from the '60s. I enjoy restoring old bikes. They aren't very fast, but they are a lot of fun.

Tips
>> Invest in proper motorcycle gear.
>> Never quit learning. Take up rider courses. Even if you have no desire to race, a day on the track with guidance will make you a better and safer rider.





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How Jivya Soma Mashe made Warli painting relevant then and now


Yashodhara Dalmia with Mashe and his family in the early 1980s. Pic/Maseeh Rahman

When art historian and curator Yashodhara Dalmia first met Jivya Soma Mashe in the early 1980s, the Warli artist had just started working on paper instead of the walls on which his peers and ancestors had for generations. "I found it inventive, brave and fascinating," says Dalmia, who authored The Painted World of the Warlis: Art and Ritual of the Warli Tribes of Maharashtra in 1988.

Traditionally associated with the rituals and ceremonies of the Warli community, who reside in the Maharashtra-Gujarat border, the art form found new horizons through Mashe, who passed away on May 15 in Ganjad village, Palghar. He was 84. On his passing away, he was remembered as the artist who popularised the folk art form, rendering figures on paper smeared with cow-dung or a red background, and nudging Warli into mainstream visual culture.


Mashe's The Fish Bowl

Cultural theorist and curator Nancy Adajania says that it is a misconception that Mashe 'popularised' or 'preserved' Warli. "He did neither. He invented Warli art, as we know it today. He was a pioneer," she says. Before him, there was no "Warli art" as such. In its ritual form, it was practised in the Warli community by its women, not men, who would paint on the walls of their houses, a sacred square with the fertility goddess, surrounded by human and animal forms. "But Mashe wasn't consecrating the goddess in his paintings. He was a witness to his times, using the existing vocabulary of the ritual form and creating a new one," she says.

Cultural historian, prof Jyotindra Jain, who included Mashe in his seminal exhibition Other Masters: Five Contemporary Folk and Tribal Artists of India (1998), says the artist went far beyond the conventional themes of Warli, infusing the form with a narrative quality. "In 1998, Jivya produced an epic work comprising two large paintings on wooden boards entitled: My Life. This work relates to memory — memory of fragmentation and fear," he says.


(From left) Former gallerists Kekoo and Khorshed Gandhy with Mashe (centre) at his 1975 solo exhibition at Chemould Pic/ChemoulD Prescott Road archive

Jain's observation cuts through common misconceptions about Warli being a simplistic 'folksy' art. In My Life, a bipartite work, Jain observes that in one section, Mashe ruthlessly depicts a railway line cutting a village in two, dividing the fields, the river, the families, and the community. The second section depicts the memory of Jivya's first visit to this city, arriving at the Mumbai Central railway station filled with an ocean of people. "Despite the limited vocabulary of thin, linear humans of the Warli idiom, Jivya powerfully characterises each figure, be it a coolie carrying luggage, a policeman chasing a thief, or a monkey jumping on to a roof," he says.

In his paintings, we find signs of modernity — schools, railway junctions, as well as a depiction of the crafty moneylender, observes Adajania. His themes may find growing relevance now, as they did then, particularly through what Adajania describes as 'an environmental ethic' — an interdependence of human beings with other living things. Recalling one of his most famous and captivating works, Fisherman, she says, "A vast cosmic net held by a speck of a human being overpowers the painting. But this is not an expression of a competition with the powers of the divine; instead, Mashe is transmitting an ethic of empathetic coexistence among species, even as he asserts his own artistic agency."

The commercialisation of Warli art these days, says Adajania, is a symptom of a chronic problem faced by these artists. "They are susceptible to exploitation, because there are two unequal economies in our art world — one for the contemporary artist, the other for the so-called folk artist," she says. As a practice running parallel to other contemporary practices, as Mashe's did with the Bombay Progressives, there is the continuing need to give the art form the place it deserves. Dalmia, when she remembers that first meeting with Mashe, says he was living in poor circumstances. He would soon become the first from his community to find recognition, both Indian and international, as an artist.

Mentored by Bhaskar Kulkarni, a senior member of Crafts Board, Mashe had his first solo exhibition in 1975 at Kekoo and Khorshed Gandhy's Gallery Chemould. It was the first time that an exhibition of an artist from an indigenous community was held at a contemporary art gallery. When the gallery shifted in 2010, from Kala Ghoda to Fort, the gallerists decided to bid farewell by revisiting Mashe's works, instead of a group show of any of the other stellar Modernists. "He was not just an artist who transported the ritual tradition into a parallel contemporary form of art, but also a man of vision. He could foresee that this art would convey the daily life of his people and his own life," says Dalmia.

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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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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Today's Stock Market Crash: 10 Points

Posted by Equitymaster
      

Indian stock markets collapsed in early trade today...and while there was some recovery towards the end, we still ended deep in the red.

Here are 10 points to note...

  1. The Sensex nosedived as much as 1,460 points in the first few minutes of trade. The Nifty dropped to a low of 10,827, down 442 points intra-day. The markets however trimmed some of the losses during the course of the day.

    There was a selloff across sectors along with panic selling in the smaller indices too. The BSE Midcap and BSE Smallcap indices ended down 3.4% and 2.9% respectively.

  2. The Reserve Bank of India's (RBI) decision to put Yes Bank under moratorium led to the biggest ever fall in share price of the private lender. Shares of Yes Bank fell as much as 85% to Rs 5.6 before recovering towards the end of the day to end at Rs 16.2, down 56%.

    The banking regulator has also put a cap on withdrawal at Rs 50,000 for Yes Bank customers.

    The RBI took over from the board of the Yes Bank for 30 days, saying it would work on a revival plan.

  3. RBI's move had a ripple effect on other banking stocks, with some falling very sharply to begin with.

    Shares of RBL Bank fell as much as 15%, while IndusInd Bank and State Bank of India (SBI) dropped 7-8%.

  4. The coronavirus cases outside of China have been increasing rapidly, making inroads into US, Europe and Middle East, which made investors more worried about global growth going ahead. And more recently, India too.

    Today, the number of cases breached the 100,000 mark.

    South Korea, Italy and Iran reported highest infected cases outside of China, while cases are increasing in United States and other parts of Europe as well.

    Note that market participants are seen taking a flight to safety as stock markets see a sharp fall post the coronavirus impact.

  5. Overnight the US indices had recorded sharp losses. This was yet another negative cue awaiting Indian markets on open today.

    The Dow Jones Industrial Average fell 3.6%, while the S&P 500 lost 3.4%. The Nasdaq Composite dropped 3.1%.

    During the day, as the Asian markets opened, there was further negative news... Japan's Nikkei fell more than 3%, while Hong Kong's Hang Seng, Australia's ASX 200 and South Korea's Kospi dropped over 2%.

  6. Foreign investors (FIIs) are on a selling spree. Reportedly, in the last 14 sessions, FIIs have withdrawn a net Rs 183.4 billion from Indian markets. That's a lot of money...a lot more than the domestic mutual funds have been able to pump in. The intense selling pressure from the FIIs could only have contributed to this sell off.
  7. The Indian rupee today slid past 74 levels against the US dollar, increasing the risk-off sentiment.

    The rupee today traded in a range of 73.69 to 74.08 against the US dollar as compared to the previous close of 73.31. A falling currency is not great news at all.

  8. Even as there was negative news all around, hope emerged from oil. Oil slid on Friday as worries about demand for fuel being reduced by the global coronavirus outbreak were heightened. The fact that there was concern over non-OPEC (Organization of the Petroleum Exporting Countries) crude producers not yet having agreed to cut output further to support prices helped in the sell off.
  9. With today's fall the Index has lost 9% since the start of 2020.
  10. While the day ended deep in the red, some stocks stood out. Bajaj Auto, Maruti Suzuki and Asian Paints were among the few gainers.


This article (Today's Stock Market Crash: 10 Points) 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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All About the 30% Crash in Crude Oil - 10 Points

Posted by Equitymaster
      

Crude oil prices crashed more than 30% on Monday.

In fact, this was the worst price dip since the 1991 Gulf War as Brent prices plunged to US$ 31 per barrel.

Here are 10 key things you need to know about the economics of falling crude oil prices:

  1. Oil prices have collapsed thrice because of demand destruction: in 1979, 2008, and 2014.

    1979: The trigger for oil price increase was the Iranian Revolution and the Iran-Iraq war. Due to this, oil prices rose from US$ 50/barrel to above US$ 100/barrel between January 1979 and April 1981. Then, new production from the North Sea, Mexico, Alaska, and Siberia flooded the market. By March 1986, prices had fallen to US$ 27/barrel.

    2008: Oil touched US$ 150/barrel and was quickly followed by the financial crisis and recession which led to crash in crude oil prices as well.

    2011-2014: Oil was above of US$ 100/barrel, several years of triple-digit oil prices led to a near doubling of shale production in the US, a volume that helped trigger the crash in 2014.

  2. 2016: Saudi Arabia and Russia came together to form the so-called OPEC+ alliance after oil prices plunged to US$ 30 a barrel. Since then, the two leading exporters have orchestrated supply cuts of 2.1 million barrels per day.
  3. 2019: Prices went on to witness huge volatility in 2019 amid declines in US inventories and rising geopolitical tensions in the Middle East and the world's two biggest oil consumers - United States and China.
  4. July 2019: The OPEC and allies sat to discuss whether to extend a deal on cutting 1.2 million barrels per day of oil production. Owing to the above geopolitical tensions, weaker demand outlook, and oversupplied market, the OPEC and allies rolled over their production cuts into March 2020. Volatility intensified further in July after US oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
  5. March 2020: Saudi Arabia wants to increase the cuts to 3.6 million barrels per day through 2020 to check the weaker consumption. However, Russian President Vladimir Putin, refused to go along with the plan and his energy minister, Alexander Novak signaled a fierce battle to come for market share when he said countries could produce as much as they please from April 1.
  6. 9th March 2020: Crude oil prices fell 31% on Monday after Saudi Arabia launched an oil price war with Russia. Saudi Arabia slashed prices and said it is preparing for a big increase in crude oil production in April. Prices were cut by US$ 4-6 a barrel to Asia and US$ 7 to the United States for April delivery. Saudi Arabia reportedly prepares to increase its crude production above 10 million barrels per day (bpd) in April, after the current deal to curb production expires at the end of March. A major reason for these production cuts is also to arrest the swooning oil prices owing to the novel Coronavirus outbreak.
  7. Worse than the Previous Crashes: The current situation is more worse than the November 2014 crash, when such a price war was started, as it comes to a head with the significant collapse in oil demand due to the Coronavirus outbreak. It also reflects the deep underlying concern of a lack of consensus among the OPEC nations regarding production cuts.
  8. Impact on Indian Economy: The drop in crude oil price bodes well for India as it imports more than 80% of its oil requirements, with nearly 60% of them imported from the Middle East. Since oil imports form a large chunk of India's imports, it contributes to the country's trade deficit and a fall in prices will trim this deficit. Savings on oil imports could also arrest rising inflation and facilitate the next round of rate cuts by the Reserve Bank of India (RBI).
  9. Industries to Benefit: On an industrial level, the price cut will have a beneficial impact on companies from synthetic fibre producers, tyre, paints, lubricants, plastic, and FMCG sectors that depend on crude oil as their primary raw material.
  10. On the consumer level, there could be a fall in retail prices of gasoline and diesel over the next few weeks as oil companies cut retail prices to pass on the decline in crude oil prices.

Going ahead, market participants are expecting crude oil prices to remain low until OPEC+ resets oil production again.

Vijay Bhambwani, editor of Weekly Cash Alerts at Equitymaster, states that at this point in time, short selling natural gas & crude oil at significantly higher levels for the coming summer are high conviction trades. To know more about his view and positions, you can check out his recent article here: Energy Markets Get Muddy (requires subscription).

He's also shared his views on the ongoing "coronavirus" situation where he talks what's around the corner for crude oil, and how one should position oneself for potential gains. You can check this special podcast episode from Investor Hour here:

Well, then...these are some major highlights crude oil markets witnessed in the past and present and how they have been impacting crude oil prices.



This article (All About the 30% Crash in Crude Oil - 10 Points) 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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How Corona Crash Hit Indian Financial Markets in March 2020 - 6 Charts

Posted by Equitymaster
      

Stock markets around the world witnessed one of the most painful correction phases in the month of March 2020.

Indian stock markets too mirrored the trend.

Here are six charts showing how Indian financial markets performed in March 2020.

  1. Record Wealth Destruction

    In the month of March 2020, the Sensex fell as much as 23%.

    It is not the month where the market has fallen the most. That honor goes to October 2008 where markets tanked 23.9%, beating the 23.1% the market lost last month by a whisker.

    However, March 2020 wins hands down in wealth destruction.

    Wealth destruction of Rs 4.4 lakh crores back in 2008 pales in comparison to the Rs 14.6 lakh crores worth of wealth destroyed on the Sensex in the last month alone.

    March 2020 the Second Worst Month in History

  2. Huge Selling Pressure for Individual Stocks

    Except two, all the stocks in the BSE Sensex plunged in March 2020.

    The decline was mainly led by banking stocks and financial stocks.

    Stocks such as IndusInd Bank, Bajaj Finance, and Axis Bank fell as much as 40%-70%.

    Top BSE Gainers and Losers in March 2020

  3. All Sectors in a Sea of Red

    Among sectors, all the BSE indices gave negative returns in March 2020.

    BSE Realty, BSE Bankex, BSE Finance, and BSE Auto Index fell more than 30%.

    It was a double whammy for banking and finance stocks that witnessed most of the brunt on the back of coronavirus outbreak and Yes bank crisis.

    Worst Hit Sectors in March 2020

  4. Crude Oil Slumps Over 50%

    Crude oil crashed over 50% in March 2020.

    The fall was seen because of oversupply amid subdued demand.

    Oil prices crashed last month in what was the worst price dip since the 1991 Gulf War with Brent prices plunging to US$ 31 per barrel.

    Oil markets faced a double whammy from the coronavirus outbreak and a price war between Saudi Arabia and Russia after OPEC and other producers failed to agree on deeper cuts to support oil prices in early March.

    Shares of oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), GAIL, ONGC, Indian Oil Corporation (IOC) and Indraprastha Gas were in focus in March amid record low crude oil prices.

    They witnessed buying interest and capped most losses led by the stock market crash.

    In his latest video, Ajit Dayal shares his views on the impact of the coronavirus crisis and the oil price war on the Indian economy and the stock market. You can view the same here.

    Crude Oil Continues Free Fall

  5. Gold Prices Shine

    Base metals also remained under pressure as lockdown imposed in several parts of the world curbed demand, pushing stockpiles higher.

    However, gold prices rose 3% in March 2020 as demand for the safe haven asset rose with market participants bracing prolonged uncertainty in the wake of the novel coronavirus outbreak.

    To know more about gold, you can check one of Vijay Bhambwani's recent articles here: Is the Price of Gold About to Go Higher?

    Gold Witnesses Buying

  6. Rupee Hits Record Low in March 2020

    Massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March.

    The rupee hit a record low of 76.32 against dollar earlier this week.

    Most of the selling pressure for rupee was seen on the back of slump in equities and currencies globally. Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

    Rupee Continues Downtrend

So, that was a round-up on how Indian financial markets performed in the month of March 2020.

At times like these, while we must do everything we can to guard against the coronavirus, we must not ignore our money.

Our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

This is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. I strongly recommend you read it now. Claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!



This article (How Corona Crash Hit Indian Financial Markets in March 2020 - 6 Charts) 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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Indian Banking Sector Amid the Corona Crash - 10 Points to Know

Posted by Equitymaster
      

Most sectors in the Indian share markets have been drowning in a sea of red due to the crash led by coronavirus outbreak. The biggest blow, however, has been felt by the banking sector.

The sector was already reeling under pressure due multiple factors for quite some time. And things started getting worse since the start of 2020.

Here's a timeline showing some major events that happened in the Indian banking sector and led to the slowdown we are witnessing in the past few months...

  1. Mounting Pile of Bad Loans: Indian banks have for years worked to beat down mounting piles of bad loans of the sort that led to the Yes Bank fallout. The ratio of gross non-performing assets (NPAs) at Indian banks rose to 11% in 2018 from about 2% in 2008, before starting to ease off.
  2. IL&FS Crisis Kicks Off the Downward Spiral: Foreign institutional investors (FIIs) were heavily positioned in the Indian banking and financial space, and stocks in the sector witnessed maximum inflows during good times. However, they started noticing cracks with consistent negative performance in the banking and financial sector and started moving out of them. The downward spiral for these sectors began since IL&FS crisis camec out into the open.
  3. Credit Quality Deteriorates: After being the most preferred sector for over half a decade, things started changing for stocks in the banking sector since 2020. This came as the sector witnessed a double blow in the form of YES Bank fallout and prolonged economic slowdown. And all this only led to credit quality deterioration for banks.
  4. YES Bank Crash: The Yes Bank crisis and the sight of Rana Kapoor being taken to court in early March came in as one of the worst months for India's banking sector.
  5. Bailout for Yes Bank: To save Yes Bank, a range of Indian lenders led by the State Bank of India (SBI), infused funds in return for an equity stake. The episode came as a jolt to investors, who worried it could exacerbate vulnerabilities in the financial system.
  6. Panic Selling Amid SC Order: Then came another blow. Before the dust settled on Yes Bank, the Supreme Court ruled that telecom operators must pay dues worth billions owed to the government. This caused panic-selling in bank stocks due to their heavy exposure to the telecoms sector.
  7. Coronavirus Threat: The challenges now facing India's banking sector have reached another order of magnitude due to the coronavirus threat to the economy. Banking stocks have been among the hardest hit.
  8. Sharp Fall for BSE Bankex: The BSE Bankex has fallen about 46% so far this year, outpacing the 32% fall in the BSE Sensex. Shares of Axis Bank and IndusInd Bank have lost the most during this period.
  9. Relief Measures: Owing to all these shocks, banks have sought various relief measures. On 27 March 2020, the Reserve Bank of India (RBI) came out all guns blazing to arrest a potential slowdown caused by coronavirus (Covid-19). It did not just lower the cash reserve ratio (CRR) by 1% to 3% but also cut the repo rate by 0.75%. Also, there is a three-month moratorium on payment of loan installments.
  10. PSB Merger: Then came the major announcement effective from 1 April 2020. First announced in August 2019, the government's ambitious plan to merge 10 state-owned banks into four came into effect from 1 April 2020. The move, aimed at strengthening the banking system and creating more large institutions with size and scale, has seen...
    • Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank,
    • Andhra Bank and Corporation Bank merged into Union Bank of India,
    • Allahabad Bank merged with Indian Bank, and
    • Syndicate Bank amalgamated into Canara Bank

So, that were some top pointers on what the Indian banking sector has been going through amid the coronavirus led stock market crash.

I reached out to Tanushree Banerjee, who is closely tracking the banking sector in the current scenario. Here's her view on the sector...

  • The Covid-19 lockdown has hit cash flows of both individual borrowers and corporates. This, in turn, will impact their loan repayment capability.

    The RBI's repo rate cut came as a temporary lifeline for Indian companies with debt on books. It will offer both companies and retail borrowers some breather. If banks use this phase judiciously, it may save the NPA ratios from worsening significantly.

    However, only the banks that have adequate capital and provisioning cushion may be able to tide over the economic crisis. Eventually, another round of consolidation in private sector banks, like the one after 2002, cannot be ruled out.

Tanushree's latest StockSelect recommendation is one such midcap bank.

You can read the entire report here (requires subscription).

Also, speaking of ongoing stock market crash, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can claim your FREE copy here...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!



This article (Indian Banking Sector Amid the Corona Crash - 10 Points to Know) 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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R Ashwin reveals the misconception he had about cricket while growing up!

Indian spinner Ravichandran Ashwin on Tuesday revealed the misconception he had about cricket while growing up.

The International Cricket Council had posted a tweet, asking everyone to reveal the misconception they had about cricket growing up.

To this Ashwin replied: "That all cricketers had aerated drinks to regain lost energy and keep good health".

Ashwin was last seen in action during India's two-match Test series against New Zealand in February this year.

The off-spinner played just one match in the series and went on to take three wickets in it.

India ended up losing the series 0-2, but the side is still at the top of the World Test Championship standings.

All sporting action across the world has come to a halt due to the coronavirus pandemic.

Ashwin would have been in action for Delhi Capitals in the Indian Premier League (IPL) if the tournament had started on March 29.

However, the tournament was postponed until April 15 due to the coronavirus pandemic.

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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Saliva is a must to shine ball, feel Ashish Nehra, Harbhajan Singh

Saliva and sweat are components that cannot be entirely done away with, insist a few distinguished India cricketers, as the ICC contemplates legalising ball tampering post COVID-19 by using artificial substances to prevent virus spread. Former India pacer Ashish Nehra and spinner Harbhajan Singh feel that saliva's use in shining the ball is a "must". While discussions are at nascent stage, questions are already being asked about what external substances could be used if ball tampering becomes legal?

Is it going to be bottle cap in pocket to scuff up one side of the ball, vaseline to shine (made famous by English cricketer John Lever) or chain zipper? "Get one thing clear at the onset. The ball will not swing if you don't apply sweat or saliva on the ball. That's basic necessity of swing bowling. The moment ball gets scuffed up from one side, sweat and saliva must be applied on the other side," said Nehra, who completely shot down the idea of using external substances. "Now let's understand why do you need saliva? Sweat is heavier than saliva but both are heavy enough to make one side of the ball heavier for reverse swing. Vaseline comes into the picture only after sweat and saliva, not before that.

"It is lighter and doesn't even ensure conventional swing. It can keep the shine, but doesn't make the ball heavy," he added. Harbhajan also agreed that saliva if one has already chewed mint, which has sugar in it, makes it heavier. But when it comes to using external substance, he wants to know what can be the options. "It's not that murray mint can be used without putting it in your mouth.

The coat of sugar on the saliva makes it heavier after one side gets scuffed. A scuffed up ball is also good for spinners as it ensures a better grip than a shiny new ball. But my question is, if you allow, what's the limit?" Harbhajan questioned.

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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Saqlain Mushtaq: Can't leave Ashwin out of ODIs

Pakistan spin great Saqlain Mushtaq fails to understand how a proven performer like Ravichandran Ashwin has been kept out of India's limited-overs set-up, saying a successful Test bowler is bound to succeed in the shorter formats. Ashwin, a regular in the IPL, has been kept out of the shorter formats since July 2017. Same was the case with Ravindra Jadeja but he is back playing all three formats, largely because of his all-round abilities.

"Class is permanent whether you are a finger-spinner or wrist-spinner. Your skills, game reading abilities matter a lot. I was surprised when Ashwin was sidelined from one-day cricket," Saqlain, the inventor of 'Doosra', told PTI. "He knows how to get batsman out in the five-day game, which is much tougher than limited overs cricket. Anyone can do the containment job but someone who knows how take wickets can contain also. He knows both. How can you keep him out? You have to back your best players." Seeking more variety, the selectors had opted for wrist-spinners Kuldeep Yadav and Yuzvendra Chahal after the 2017 Champions Trophy. They both have established themselves in limited overs cricket but have not featured in the eleven together since the 2019 World Cup.

Though Ashwin remains India's number one spinner at home, he is not a sure starter in overseas Tests. He was benched for the two-Test series in the West Indies last year, drawing a lot of attention and more recently, played a Test in New Zealand in the two-match series with Jadeja playing the other one. "They sidelined Bhajji (Harbhajan Singh) at the expense of Ashiwn back then. After Ashwin, you have tried many off-spinners but none of them has been of his class. "In fact, I was surprised when a a great like Bhajji was dropped. Both Ashwin and Bhajji have different styles and could have easily played together in the playing eleven. If two right-hand pacers can play regularly, why not spinners?" asked Saqlain. "Such was Bhajji's class that he could have easily taken 700 Test wickets (ended at 413 wickets in 103 Tests," he said referring to Harbhajan, who is in the twilight of his career and plays only the IPL. Saqlain was part of a world-class bowling attack but now Pakistan doesn't have spinners of his pedigree. The 43-year-old feels India, who are much stronger than Pakistan at the moment unlike his times, still possess quality spinners despite the departure of Anil Kumble and Harbhajan.

"The spinners you have are pretty good actually. Kuldeep has been impressive, Ashwin and Jadeja have been doing well consistently. They are world- class bowlers. In fact Pakistan is struggling a bit on that front. Yasir Shah has done well but his form has dipped recently. Shadab is still a work in progress. "I am pretty confident that Ashwin and Jadeja will end up playing 100 Tests each," said Saqlain. Like his former teammates Shoaib Akhtar and Shahif Afridi, Saqlain also feels India and Pakistan should resume their cricketing rivalry. Akhtar's proposal of an India-Pakistan series to raises funds for the fight against COVID-19 pandemic in both countries had attracted criticism from big names like Kapil Dev. India did not need the money, Kapil had said.

However, Saqlain downplayed the financial factor. "What do you call sportspersons? You call them heroes and what is their job? Their job is to do good deeds. Winning and losing is part of the game. Cricket is not war. That is why I feel cricket should be played between the two countries. "To say that Pakistan cricket will suffer because of not playing India is the not right way to look at this. The bigger picture is that the game should be promoted on both sides. And if we do play, there is a possibility of relations improving." He recollected an experience that made him realise the power of sport. "Sachin and Shane Warne had organised All Stars matches in America (in 2015). You won't believe I saw a flag with colours of both India and Pakistan flags. An Indian and Pakistani were holding that together. "It brought the two nations closer. I would request the ICC too look into this. Financially also, it is a win-win for both BCCI and PCB. The series is much bigger than the Ashes," Saqlain signed off.

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Ravichandran Ashwin's deal with Yorkshire called off

Senior India off-spinner Ravichandran Ashwin's deal with English county side Yorkshire Cricket Club was on Monday cancelled by mutual consent amid the COVID-19 pandemic.

England and Wales Cricket Board (ECB) recently suspended all forms of professional cricket till July 1 due to the pandemic which has wreaked havoc across the globe. Ashwin, who signed for the club in January, was expected to play in the majority of the remaining County championship fixtures. It would have been the 33-year-old's third county stint, having represented Worcestershire and Nottinghamshire in the past.

The club also announced the termination of contracts for its other two overseas players, South African spinner Keshav Maharaj and West Indies batsman Nicholas Pooran. "Firstly, I really appreciate the players' understanding in this matter. We have been in regular contact with the players and their agents throughout this Covid pandemic. They have been extremely professional and appreciate the uncertainty facing counties at present," Yorkshire's Director of Cricket, Martyn Moxon said.

"We hope that we will be able to see them at Emerald Headingley in the future," he added. Maharaj had agreed to re-join the White Rose for their opening two Specsavers County Championship fixtures against Gloucestershire and Essex. While Pooran had agreed a second stint at Emerald Headingley after agreeing to re-join as Yorkshire Vikings' Vitality Blast overseas player for the 2020 campaign. However, with the COVID-19 outbreak forcing a cricket shutdown in UK until May 28, means the trio will not be able to play for the club this season.

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Michael Clarke spotted with fashion designer Pip Edwards, spark dating rumours again

Former Australia cricket captain Michael Clarke is reportedly still seeing fashion designer Pip Edwards, but doesn't want the world to know. According to British tabloid, The Daily Mail, Michael was spotted at Pip's apartment, but made a dash for it moments later.

Michael, nicknamed Pup, and Pip broke up earlier this month as the former cricketer was not too happy about the publicity that accompanied their relationship.  However, on Monday morning, he was spotted with Pip at Sydney's Bondi Beach.

It is learnt that the couple emerged from Pip's home in a black car at around 9am and drove to a nearby juice bar. Pip, who turned 40 on the day, then headed to collect their order, but on noticing the paparazzi, left in a huff, forgetting to pick their drinks.They then drove back to her place from where Michael took off on his motorbike. Later, Pip returned to the juice bar and picked up three juices.

Michael separated from his wife of seven years, Kyly in September last year. They have a daughter Kelsey Lee, four.Pip has a teenaged son Justice.

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Lockdown diaries: Shreyas Iyer saves an egg, catches TV remote, collects clothes from washing machine

India cricketer Shreyas Iyer has been entertaining his fans both on and off the field. In order to make things a bit positive during the COVID-19 pandemic, Shreyas Iyer shared a fun video on Instagram.

On Sunday, Iyer posted a video for his 2.3 million Instagram followers and captioned it: "Fielding practice is everywhere you look."

 
 
 
View this post on Instagram

Fielding practice is everywhere you look 😏

A post shared by Shreyas Iyer (@shreyas41) onMay 3, 2020 at 12:30am PDT

In the video, Shreyas Iyer is seen diving to save an egg, catching the remote control of his TV, arranging chairs quickly and even collecting clothes thrown out of the washing machine.

One could hear American rapper Tyga's song, Bored, playing in the background. Shreyas Iyer, born in Mumbai, made his debut for India in 2017. He has since played 18 ODIs and 22 T20Is. Shreyas Iyer is also the captain of the IPL franchise Delhi Capitals.

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R Ashwin: I see a purple patch coming up for me in Test cricket

In the latest episode of ESPNcricinfo Videocast that airs on May 2, 2020, R Ashwin talks about his future, his accuracy as a bowler, what makes him clicks in short-format cricket, future of spinners and how can they stay relevant in the ever-evolving game of Cricket.

“I am good at T20 cricket. If my body holds up, I see a purple patch coming up for me in test Cricket”, says Ravichandran Ashwin, an all-rounder who bats right-handed and bowls right-arm off break when Sanjay Manjarekar, host of ESPNcricinfo asks him about his future plans. R Ashwin does not favour 4-day Cricket. He says, “I am a spinner and you’re taking the fifth day out of the game, you’re taking out a very fascinating aspect of the game.”

ICC has been considering 4-day test as part of the World Test Championship from 2023. However, the world's cricketers stand as the most likely source of opposition to the change, with many viewing the step up from four-day first-class games to five-day Tests as a critical point of difference at the top end of the long-form game (source: ESPNcricinfo article dated Dec 30, 2019)

R Ashwin shares the secret of his ability to produce variations in finger spin with so much accuracy and the influence Woorkeri Raman, former Indian cricketer and current coach of the India women's national cricket team’s coaching technique had on him. “WV Raman who is known to be a straight forward and extremely disciplined man trained us to throw the ball accurately that should land above the stumps. He also maintained that I stand no chance as a spinner if I cannot hit the top of the bat of a batsman every time I bowled.”

R Ashwin further adds, “Infact, WV Raman helped me master my rhythm. He was the first person who with or without his knowledge, inculcated this self-conscious training inside me. He would keep telling me, you’re running 10% slower or you’re running 15% faster. And this put me in a great place when I started playing first class Cricket. And these are the things that I will never forget in my career. But because he was straight forward, a bit dismissive and he could put pressure on people, they started moving away from him.”

R Ashwin shares more such anecdotes on WV Raman’s training that shaped him as a spinner that he is today.

R Ashwin has one of the best record of bowling with a new ball. “I like a new ball because of the fizz that I get on it. One of my strengths is to be able to put revs on the hard ball as it responds better to the pitch. But I generally like to use the arm ball in first 2 or 3 overs. Because when you use the arm ball, it challenges both the edges of the batsman and forces him to go across the line which is rendered risky The others that I use are the floaters that swing, the one that pitches in and goes out or the other one that lands on the seam and gets to go the other way. So these balls become very effective.”

“With a new ball I use my middle finger more than the index finger but when I bowl with an older ball, I try and get over the top. Sometimes, I don’t use index finger to go over the top, It is behind and I still put the revs and that’s when the ball actually goes the other way”, adds R Ashwin.

Commenting on future of finger spin and success of Mohammad Nabi, Afghan all-rounder and off-break bowler, R Ashwin says, “I am really surprised that at the last IPL people could not pick up what I was bowling. They thought I was bowling the carrom ball but actually I was bowling reverse carrom because when I would bowl that I would get a lot out of the pitch. Sometimes it can spin, sometimes I could get it to skid.”

R Ashwin points, “In a T-20 cricket, you need to call yourself a bowler. At times you should be able to bowl a bouncer or a spinner. Wrist spin is successful not because it is challenging both edges of the bat but because of its unpredictable nature when bowling length. And this makes wrist spin extremely relevant. Now imagine if someone can dish out unpredictable stuff in a very aware manner. That’s the journey I have taken, and that’s why I found myself amongst the wickets and in extreme control last year when I was bowling in Mohali which can be very challenging.” He adds, “In any white ball cricket, you can only hunt wickets down unless people are not picking it, but that is at a very novel stage of your career. Post that you should be able to dish out things at will that can surprise the batsman. Once you can keep the batsman guessing, chances of them bossing over you is very little.”

“Mohammad Nabi is a great spinner in T-20 format. He is able to change his line and length at will and that’s because he has done these repetitions in the longest format i.e. Test cricket. If you wake Nabi up at 3 in the night, he’ll be able to bowl at the sticker of the bat, he will then be able to change his line to wider, to closer or Yorker”, says R Ashwin. He adds, “But what is happening with wrist and finger spinner is complete eradication of logic. So, if you want finger spinner as an attacking option, he should be able to do everything that a wrist spinner does in terms of length and line for which he needs to develop the awareness of his own bowling.”

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Ashish Nehra reveals how he got his shoe stitched to last debut Test

Former India pacer Ashish Nehra went down the memory lane with ex-teammate Aakash Chropra during a chat on Chopra's show Aakashvani. Nehra said how he had only one pair of shoes which he used for Ranji Trophy games as well as his Test debut against Sri Lanka in Colombo in 1999.

"I wore them for the first time in Ranji Trophy and had only one pair which I took them with me to play in my first Test match in 1999. I still remember I used to get the shoe stitched after each innings and that is how it survived the entire Test," Nehra said.

Talking about practicing bowling action at the Delhi Cantonment Railway station with the club's bowling coach, Nehra said: "I wasn't alone. There used to be a bunch of us who would go to drop sir at the railway station. He would ask us to show him different bowling actions. I remember we would pick up the stones at the station and bowl with them."

The pair also discussed a game they had played at the Race Course ground in Delhi for their club team. "You remember we had to bowl into the wind and against the wind? The coach asked me why I didn't bowl you from that end. I told him that you wanted to bowl from the other end," said Chopra as the two had a good laugh going down memory lane. Left-arm pacer Nehra played 17 Tests, 120 ODIs and 27 T20Is for India.

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Harbhajan Singh: Ravichandran Ashwin is the world's best offie

Veteran India spinner Harbhajan Singh on Tuesday rejected the perception that he is jealous of Ravinchandran Ashwin, saying the Tamil Nadu bowler is a "legend in making". Ashwin, who had replaced Harbhajan in the Indian team, is among the leading off-spinners in the world alongside Australia's Nathan Lyon.

Harbhajan is not yet retired but last played for India in 2016. Harbhajan, 39, has played 103 Tests with his final game coming in 2015. Ashwin, on the other hand, has played 71 Tests since making his debut in 2011. "A lot of people think I am jealous, this and that. They can think whatever they want to. I just want to say that you are the best off-spinner presently playing the game," said Harbhajan during an Instagram live chat with Ashwin.


Harbhajan Singh

"Of course I like Nathan Lyon as well. I always put him right up there because he plays in Australia and it is a tough place to bowl [for spinners]. You [Ashwin] are one of those legends in the making. I wish you the very best and lots and lots of wickets."

The chat was focused on India's remarkable comeback in the 2001 home Test series against Australia. Trailing 0-1 in the three-match series, India went on to win the next two including the second one in Kolkata, where the hosts won after following-on, thanks to an iconic stand between VVS Laxman and Rahul Dravid.

365
No. of wickets off-spinner R Ashwin has taken in 71 Tests

27
No. of five-wicket hauls by Ashwin, the most by an Indian off-spinner in a Test innings

72
No. of wickets claimed by Ashwin in 2016, the best by an Indian off-spinner in a calendar year in Test cricket

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Brendon McCullum calls for a Kiwi team in Big Bash League

Former New Zealand skipper Brendon McCullum on Wednesday called for the introduction of a team from his country in Australia's Big Bash League to boost audience interest in the T20 competition.

All cricket is on hold right now due to the COVID-19 pandemic sweeping through the globe with several tours and tournaments being either cancelled or postponed. Even the future of the T20 World Cup, scheduled for an October 18 start, is shrouded in uncertainty. Several countries, including Australia have imposed travel restrictions, and McCullum feels adding a team from New Zealand in the tournament could pique the interest of the audience in the league, which has suffered a dip in crowd and TV numbers in the past two years. "What an opportunity for the Big Bash if there's a shortage of international cricket," McCullum told 'SEN Radio'.

"If we're being honest, the Big Bash has tailed off a little bit in its following of late and what a great opportunity to really launch that back into Australian sporting fans' eyes and what a great opportunity to bring a New Zealand team in the BBL," he added. The former captain also suggested removing the "overseas" cap on New Zealand players as several international players may not be able to compete if the COVID-19 restrictions continue.

"Perhaps you could even use New Zealand players as local players because there may be a distinct lack of overseas players who will want to travel, especially high-quality ones," McCullum said "A little bit of creative thinking and another opportunity to get some New Zealanders across Tasman," he added. Talks for a trans-Tasman bubble, which will alow travel between the two countries, have been on at the government level as cases of coronavirus in both countries continue to drop. Last week, Australian officials granted 36 New Zealand rugby players and staff a rare exemption from the country's ban on international arrivals.

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Ashish Nehra on Rishabh Pant: Person you were preparing to succeed MS Dhoni, is serving drinks

Virat Kohli's Indian team still has a long way to go before it is spoken of in the same breath as Australia of 2000s, feels former India pacer Ashish Nehra. Under Kohli's leadership, India earned its maiden series victory in Australia in 2018-19, achieving the feat after trying for seven decades. However, it can't be discounted that absence of Steve Smith and David Warner due to ball tampering ban turned out to be an important factor.

"This Indian team has to still cover a lot of distance in order to match up with that Australia team (led by Steve Waugh and then Ricky Ponting)," Nehra said during an interaction with ex-player Aakash Chopra on his show 'Aakash Vani'. "You are talking about an Australian team which won three consecutive World Cups and before that reached the final in 1996, won 18-19 Test matches in home and away conditions," Nehra added. He also did not appreciate the fact that every now and then team combination is being tinkered with. "It's not like this Indian team can not reach there but I believe the core group is very important. A person gets confused after watching many dishes on the table and so it's important to have fewer but better dishes," Nehra made his displeasure clear. He the went on to cite how team management had handled Rishabh Pant's career so far.

"KL Rahul is playing on the fifth position and Pant, the person you were preparing to succeed M.S. Dhoni, is serving drinks," the left-arm fast bowler, known for his straight forward views, said. Thanks to his inconsistency, Pant had lost his place in the Indian team in white-ball cricket to Rahul. "I know he (Pant) has missed his chances and there is no doubt about it but then you have kept him in the team because you saw the potential in him at 22-23 years," Nehra said.

Ashish Nehra

"There are a lot of talented players but they should be backed for a longer duration. Today also when we talk about the number five and six slots in Indian ODI side, then we are not sure about it," Nehra said. Nehra, who played 17 Tests, 120 ODIs and 27 T20 Internationals, feels Kohli's captaincy is still a work in progress. "Virat Kohli as a player needs no recognition as his career graph tells the entire story. Kohli as a player has done amazingly well. In captaincy, I still feel he is a work in progress. I can say he is a little bit of an impulsive captain," said the 41-year-old.

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Praying for everyone affected: Umesh Yadav, Ravichandran Ashwin on Vizag gas leak

Indian cricketers Ravichandran Ashwin and Umesh Yadav on Thursday expressed condolences to the families affected in the Vizag gas leakage mishap. Yadav took to Twitter and wrote: "Praying for everyone affected in Vizag. Condolences to the bereaved families #VizagGasLeak.

"A gas tragedy now??? Omg.. The visuals are so disturbing. God !!! Please have mercy," Ashwin tweeted. Badminton player Kidambi Srikanth also tweeted about the incident which has left eight people dead, saying it is disturbing to hear about the mishap.

"Disturbing to hear about the #VizagGasLeak. Hope affected people recover soon and my condolences to the families who lost their loved ones. Stay safe Vizag!" Kidambi Srikanth tweeted.

Around 120 people have been admitted to the hospital after a styrene gas leak in RR Venkatapuram village. The mishap took place at the LG Polymers industry early on Thursday morning.

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MS Dhoni was always open to a chat with players, says Ashish Nehra

Former India pacer Ashish Nehra has said that M.S. Dhoni was always open to a chat with his players after a match and his hotel room would always be open for them after the games. "People think that Dhoni doesn't talk much. That is not the case. His room would remain open in the night after matches. Anyone could walk in, order food and discuss cricket," Nehra said while speaking to former India opener Aakash Chopra on his show 'Aakash Vani'.

"Be it in CSK or in the Indian team, Dhoni would pass on the message on what he thinks a player needs to do during a conversation and that would be enough for the players to get the drift," added Nehra who played a lot of cricket under Dhoni's captaincy both for India and at Chennai Super Kings in the Indian Premier League (IPL). Nehra also spoke on former India captain and current Board of Control for Cricket in India (BCCI) President Sourav Ganguly, saying he was a leader who used to back his players to the hilt.

"Dhoni had senior players around him when he took over and the challenge was how to manage them. Dada had a team of juniors and he backed them to the hilt. He would go all out to back his players," said the former left-arm pacer who played 17 Tests, 120 ODIs and 27 T20Is.

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Parthiv Patel not sour to find his career clashing with MS Dhoni's

Out-of-favour wicketkeeper-batsman Parthiv Patel does not consider himself unlucky to have played in the same era as Mahendra Singh Dhoni as he knows that the former captain grabbed his opportunities way better than him. Patel last Test appearance for India was in 2018, while the last time he played an ODI for the country was way back in 2012.

"I don't see myself as unlucky to be playing in the Dhoni era. I started my career before him, and I had the opportunity to perform before him," Patel, 35, said during an interaction with Fever Network. "Dhoni came in to the team because I did not have a couple of good series and I was dropped. I know people can say it just to gain sympathies that I was born in the wrong era. But I don't believe that," he added.

"Whatever Dhoni has achieved was something very, very special and he achieved because he made sure of the opportunities he received. I don't feel unlucky at all," Patel asserted.

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Furious US president lashes out at media; claims 'total' power to end lockdown

A furious US President Donald Trump on Monday accused the American media of giving unfair coverage to his fight against the Coronavirus and played video clips appreciating his administration's efforts in containing the spread of COVID-19 pandemic in the country. "I mean, if you had libel laws, they (the media) would have been out of business even before they'll end up going out of business. So it's too bad," Trump told reporters during his White House news conference on Coronavirus. "We really have done this right. The problem is the press doesn't cover it the way it should be," he said. He alleged that several news outlets, including the New York Times, are biased.

"I have never seen a video like that playing in this room. It looks a bit like a campaign ad. Who produced a video for you?" he was asked by a reporter. "That was done by a group in the office and it was done just by — we just put some clips together. I bet I have over 100 more clips even better than them. They were just pieced together over the last two hours," Trump said. The Washington Post alleged that this was a campaign style video. According to Politico, Trump "fiercely defended" his administration's response to the Coronavirus at the briefing, complete with a campaign-ad-like video aimed at bolstering his case.

The US has over 5,50,000 confirmed cases of infections. It has recorded 1,509 deaths related to the pandemic over the past 24 hours, bringing the tally to 23,529, the most of any country. Trump, however, said the number of daily new infections remained flat nationwide over the weekend, sending clear evidence that the aggressive strategy to combat it is working. He insisted on easing restrictions by May and claimed that he has 'total authority' to take a call on lifting the restrictions that ends on April 30, according to reports. The Trump administration is considering easing the stay-at-home orders from May 1.

"We don't have a king. We have an elected president. The Constitution clearly says the powers that are not specifically listed for the federal government are reserved for the states, and the bounds between federal and state authority are central to the Constitution — one of the great balances of power," CNN quoted Democratic New York Governor Andrew Cuomo as saying. So far, at least 1,21,787 people have died from the virus and 1,947,727 have tested positive.

1,509
Total no. of death recorded in the US in 24 hours

Trump denies plan to sack Fauci

Donald Trump has dismissed rumours that he was going to fire his top medical advisor on the pandemic. Unusually, the evening briefing at the White House began with a statement by the internationally renowned Dr Anthony Fauci, seeking to defuse speculation that he had fallen out with the Republican president. Trump, who on Sunday fuelled speculation by retweeting a critical comment with the hashtag #FireFauci, sought to draw a line under the latest White House turmoil. "I like him," he said of Fauci. "I hear I'm going to fire him. I'm not gonna fire him, I think he's a wonderful guy." But Trump then launched into a sustained assault on other targets, demonstrating his frustration with accusations that he has mishandled the crisis.

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Trump faces backlash for cutting WHO funding amid pandemic

Nations around the world reacted with alarm Wednesday after President Donald Trump announced a halt to the sizable funding the US sends to the World Health Organisation. Health experts warned the move could jeopardize global efforts to stop the Coronavirus pandemic.

Trump said he was instructing his administration to halt funding for WHO pending a review of its role "in severely mismanaging and covering up the spread of the coronavirus." The United States is WHO's largest single donor, contributing between $400 million and $500 million annually to the Geneva-based agency in recent years. He has repeatedly labelled COVID-19 the "Chinese virus" and criticised the UN health agency for being too lenient on China, where the novel virus first emerged late last year.

EU 'deeply regrets' move
An investigation by The Associated Press has found that s ix days of delays between when Chinese officials k new about the virus and when they warned the public allowed the pandemic to bloom into an enormous public health disaster. The European Union said Trump has "no reason" to freeze WHO funding at this critical stage and called for measures to promote unity instead of division. EU foreign policy chief Josep Borrell said the bloc "deeply" regrets the suspension of funds and added that the WHO is now "needed more than ever" to combat the pandemic.

Stand with WHO: Oz
Australian Prime Minister Scott Morrison said he sympathised with some of Trump's criticisms of WHO and China but that Australia would continue to fund the UN health agency. Germany's foreign minister, Heiko Maas, pushed back at Trump's announcement. Devi Sridhar, chair of global public health at the University of Edinburgh, called said. "This is the agency that's looking out for other countries and leading efforts to stop the pandemic. This is exactly the time when they need more funding, not less. Trump is angry, but his anger is being directed in a way that is going to ultimately hurt US interests."

A selfish decision: Russia
Russia's Deputy Foreign Minister Sergei Ryabkov told state news agency TASS, "I's a sign of the very selfish approach of the US authorities to what is happening in the world." Chinese foreign ministry spokesman Zhao Lijian said the country is "seriously concerned" about the US government's decision to suspend funding and hinted at stepping up its monetary contribution to WHO. The WHO did not respond to repeated requests from The Associated Press for comment, but its but Director-General Tedros Adhanom Ghebreyesus tweeted, "There is no time to waste".

Now, Trump says states to decide on reopening economy

A day after claiming "total authority" in decision-making, Donald Trump on Tuesday said he would leave it to individual governors to decide on the reopening of the economy in their respective states, which in some cases could be even before May 1. COVID-19 has so far infected over two million people worldwide. In the US, over 25,000 have lost their lives and more than 6 lakhs have tested positive. Over 95 per cent of the 330 million population in the US are under stay-at-home order.

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Oil market crashes further after US's historic low

The oil market plunged further on Tuesday on concerns over a collapse in demand as the pandemic leaves factories, cars and airplanes idled around the world. The extreme volatility in energy markets highlights investors' worries about the duration of the Coronavirus outbreak and its impact on the economy.

That is in turn weighing on financial markets more broadly, including stocks. The benchmark US oil contract was down $4.78 at just $15.65 per barrel on Tuesday, having traded as low as $11.79 a barrel at one point. The drop comes a day after the price of oil fell below zero on Monday, partly due to technical factors as traders shifted from one futures contract to another. The US oil contract for delivery in May settled at -$37.63 per barrel on Monday, an indication that investors don't want to be left holding oil at a time when storage facilities are almost full and demand is at its lowest since the mid-1990s. The tumult in the oil market reflects uncertainty over where the world economy will head as governments begin to loosen controls imposed to contain the coronavirus.

"We could merely be in the eye of the hurricane as the epicenters of its rage remain centered around demand devastation and crude oil oversupply," Stephen Innes of AxiCorp. said in a commentary. "At a minimum, oil prices will be the last asset class to recover from lockdown" and only when travel restrictions are lifted, he said. Brent crude, the international standard, dropped $45.72 to $19.85. "The historic drop in WTI prices is an indication of the downward pressure which many other crude oil grades could face, given the oversupply situation," Sushant Gupta of Wood Mackenzie said. The volatility in energy markets unsettled stock markets as well. with Germany's DAX stock index losing 3.3% to 10,319 and the CAC 40 in France shedding 3.2% to 4,384. Britain's FTSE 100 declined 2.6% to 5,664.

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18-year-old gets stuck inside washing machine while playing hide-and-seek, fire fighters rescue her

An innocent game of hide-and-seek ended in a teenager getting stuck inside the washing machine, only to be rescued by fire-fighters. 18-year-old Amari Dancy was playing the game with her cousins when she thought of the washing machine as a good place to hide.

Little did she know that she would end up getting stuck there. One of the cousins saw her stuck in the washing machine, alerted others and called the emergency services for help. The teenager was quoted by NBC News as saying, "We already had hid underneath the bed, in the closet, and we couldn't go down into the basement...So, I was like 'Oh, ok, let's just hide in the washer machine."

Dancy also said that she was relieved after being rescued, "I was really worried to see if they were going to get me out or not. Once they figured out what to do... I just felt relieved. I just wanted to be out of there."

The ordeal faced by Dancy was shared on Instagram by her aunt Naomi Elizabeth, with videos of firefighters wearing masks and rescuing the girl by removing the top of the washing machine to make enough space to pull her out.

The post shared on Monday garnered 6,087 likes on Instagram with hilarious reactions pouring in the comments.

A user said, "I'm dying over here.. thanks for the laughs." Another user said, "I am glad her hair was did!!!" Third user asked, "Are you okay???? It’s funny and all but still want to make sure you are doing okay....." One user said, "Didnt ya mama teach you not to play with washing machines?"

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Tax-News.com: Indian Banks To Begin Withholding Tax On Large Cash Withdrawals

As of September 1, 2019, India introduced an obligation for tax to be deducted at source at a two percent rate if a taxpayer's cash withdrawals totaled INR10m (USD138,350) or more in the previous year.




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BANK OF MAHARASHTRA Surges by 9%; BSE BANKEX Index Up 2.1%

Posted by Equitymaster
      

BANK OF MAHARASHTRA share price has zoomed 9% and is presently trading at Rs 10.

Meanwhile, the BSE BANKEX Index is at 22,787 (up 2.1%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 8.6%).

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 15 to Rs 10, registering a loss of Rs 5 (down 35.9%).

On the other hand, the BSE BANKEX has moved down from 32,704 to 22,787, loss of 9,917 points (down 30.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

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

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%).

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

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.35%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 103.6% YoY to Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 14.0% to Rs 30.2 billion during the period as against Rs 26.5 billion in October-December 2018.

For the year ended March 2019, BANK OF MAHARASHTRA reported 328.3% increase in net profit to Rs 47.6 billion compared to net profit of Rs 11.1 billion during FY18.

Revenue of the company grew 2.2% to Rs 108 billion during FY19.

The current Price to earnings ratio of BANK OF MAHARASHTRA, based on rolling 12 month earnings, stands at 6.7x.

This article (BANK OF MAHARASHTRA Surges by 9%; BSE BANKEX Index Up 2.1%) 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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ASHOK LEYLAND Surges by 5%; BSE AUTO Index Up 1.7%

Posted by Equitymaster
      

ASHOK LEYLAND share price has zoomed 5% and is presently trading at Rs 48.

Meanwhile, the BSE AUTO Index is at 12,741 (up 1.7%).

Among the top Gainers in the BSE AUTO Index today is ASHOK LEYLAND (up 5.1%).

Over the last one year, ASHOK LEYLAND has moved down from Rs 86 to Rs 48, registering a loss of Rs 37 (down 43.5%).

On the other hand, the BSE AUTO has moved down from 18,491 to 12,741, loss of 5,750 points (down 31.2%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 11.8%) and BALKRISHNA INDUSTRIES (up 6.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.3%), INDUSIND BANK (up 2.5%) and BAJAJ FINANCE (up 2.3%). Other gainers include RELIANCE IND. (up 2.3%) and TATA STEEL (up 2.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.54%).

ASHOK LEYLAND Financial Update...

ASHOK LEYLAND net profit down at Rs 278 million for the quarter ended December 2019, compared to a loss of Rs 4 billion a year ago. Net Sales declined 36.5% to Rs 40.2 billion during the period as against Rs 63.3 billion in October-December 2018.

For the year ended March 2019, ASHOK LEYLAND reported 19.7% increase in net profit to Rs 21.8 billion compared to net profit of Rs 18.2 billion during FY18.

Revenue of the company grew 11.0% to Rs 332 billion during FY19.

The current Price to earnings ratio of ASHOK LEYLAND, based on rolling 12 month earnings, stands at 15.0x.

This article (ASHOK LEYLAND Surges by 5%; BSE AUTO Index Up 1.7%) 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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SBI slashes interest rates for fixed deposits; check new rates

SBI FD interest rates for senior citizens have been slashed by 20 bps as well. For tenor 7 days to 45 days, State Bank of India has changed the rates from 4 per cent to 3.80 per cent, while it has been changed to 4.80 per cent from 5 per cent for 46 days to 179 days tenor




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Coronavirus lockdown: Cash crunch? Don't sell your mutual funds, take a loan against it!

When you approach a lender for loan against mutual fund, it fixes a loan-to-value (LTV) ratio against it. It varies from one lender to another as per risk involved in the MF scheme and regulatory caps fixed by the RBI




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Tax-News.com: US Slaps 'America First' Duties On Foreign Solar Goods, Washers

US President Donald Trump has approved safeguard tariffs on imported large residential washing machines and imported solar cells and modules.




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Tax-News.com: China 'Has Slashed Business Taxes By CNY2.5tn Since 2012'

The Chinese tax administration has reported that businesses have saved CNY2 trillion (USD317.8bn) following the replacement of business tax with value-added tax, beginning in 2012.




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Tax-News.com: Belgium Requires Rounding For Cash Payments

On December 9, 2019, the Belgian Federal Public Finance Service reminded vendors that since December 1, 2019, they are required to round off cash payments to the nearest five cents.




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Tax-News.com: Ireland Announces Help For SMEs With Cash-Flow Issues

The Irish Revenue has issued advice on the steps it is taking to help SMEs experiencing cashflow and trading difficulties arising from the impact of the coronavirus.




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Commonly-used Mouthwash can Make Saliva More Acidic

Common ingredient in mouthwash could be damaging your teeth by turning your saliva more acidic, reports a new study. The findings of the study are published in the journal iScientific Reports/i.




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News Trust: Fears over handwashing in Africa to stem coronavirus seen as trigger for change

"In the water sector we always say 'Don't waste a good crisis'," said Inga Jacobs-Mata, the South African representative from non-profit research group the International Water Management Institute (IWMI).