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Coronavirus career pivots: 'I now work in a supermarket'

An actress and a commercial sales leader talk about making the switch to working in a supermarket.




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Suarez at the fore as Venezuelans eye landmark appearance

World Cup-bound Suarez flourishing in Finland




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FIFA Confederations Cup 2017 - Marketing Highlights

FIFA's Partners and Commercial Affiliates played a huge role in the success of the FIFA Confederations Cup Russia 2017. Enjoy this recap video!




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Mumbai APMC to get international standard facilities: State Marketing Minister


Vashi APMC wholesale market. File pic

The Maharashtra government will provide international standard facilities for the Mumbai Agricultural Produce Market Committee (APMC) in Vashi, one of the biggest agricultural wholesale markets in Asia. State Marketing Minister Subhash Deshmukh made the announcement during a meeting held here today with officials and traders, an official release said. The meeting was organised to know the problems faced by traders in Mumbai APMC.

During the meeting, the minister directed that international standard facilities be provided at this APMC. "The process of declaring the Mumbai APMC as a
national market area has commenced," the minister was quoted as saying in the release. During the meeting, traders in the vegetable and fruit sections told the minister that there was insufficient space in the APMC to carry out the business.

Deshmukh asked them to maintain regular dialogue with the administration and the market committee. He assured that the decision to reconstructing and
redevelop the APMC premises will be taken soon and asked the administrator to appoint an architect for the task.

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





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BJP MLA Ram Kadam on 'elope' remark: Being quoted out of context

Bharatiya Janata Party (BJP) Member of Legislative Assembly (MLA) Ram Kadam has issued a clarification on his 'elope' remark and said that his statement was quoted out of context.

The BJP MLA from Ghatkopar constituency faced a backlash after a video of him where he can be reportedly heard saying that he would kidnap a girl even if she refuses a proposal from a boy and help him elope with her, surfaced on media.

Clarifying his stance on the issue, Kadam told ANI, "A 40-second incomplete video is being circulated by opposition leaders. I would only request them to listen to my complete statement. If my statement has hurt anyone, I won¿t mind expressing regret for the same."

"My statement is being quoted out of context. At that event, I said that all youngsters whether it be a boy or girl should take their parents" in confidence before marrying. If they elope without taking their permission, the parents feel disheartened and it is very wrong to disappoint your parents. After saying so I took a long pause and someone from the audience said something which I repeated on the mike. I also kept speaking after that as well but it was not reported. If I had said anything objectionable, it was being live telecasted and there were a number of journalists present at the venue and someone would have pointed it out. But no one raised an objection because they had heard me completely. To find the true meaning of an address one must listen to it completely," he added.

The BJP MLA made the statement during a 'Dahi Handi' festival organised in Mumbai on the auspicious occasion of 'Janmashtami' on Monday.

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





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Ram Kadam has apologised for his remarks, row should end, says Chandrakant Patil

Senior BJP leader and Maharashtra minister Chandrakant Patil on Friday said the controversy surrounding his party colleague Ram Kadam's remarks against women should end as the latter has apologised. Patil also advised public representatives saying they need to exercise caution while speaking. "Ram Kadam has apologised and the issue should now end. Kadam does not have a history of speaking ill about women. On the contrary, he is known for helping women immensely. Thousands of women in his constituency tie him rakhi every year," Patil told a Marathi news channel.

"Public representatives should be extremely cautious while speaking and they should properly frame every sentence in their heads before uttering them," the minister added. He said new channels should also try to show the true meaning of what has been spoken. "But if what the channels are saying about the remarks is right, the public representative should apologise.
In this case, Ram Kadam was not arrogant and he apologised...So the matter should come to an end," Patil said. Kadam, while speaking at an event during dahi handi celebrations in the city, had said hewould "kidnap" a girl a boy likeseven if she says no to the proposal. "You (youngsters) can meet me for any work," he is seen in the video clip, telling the crowd, mainly comprising youth.

Kadam was heard saying that he got requests from youngsters to help them after girls rejected their proposals. "I will help, 100 per cent. Come (to me) with your parents. What will I do if parents approve (the girl a boy has liked)? I will kidnap the girl concerned and hand her over to you (for marriage)," he was heard telling the crowd.

Kadam was also heard sharing his mobile number with the crowd. His remarks created a huge controversy as it drew sharp reactions from the opposition parties, Shiv Sena and women's organisations. The Maharashtra State Commission for Women issued a notice to Kadam over his remark.

In a video message issued Wednesday, Kadam expressed regret over his remarks saying, "I have very high regard for women. Without giving any explanation about the video clip (of his controversial remarks), I express my regret." He also tweeted saying, "By doctoring my statements, my political rivals created an atmosphere which has hurt the sentiments of our mothers and sisters. I have already expressed regret over my comments and (I am) once again tendering an apology to all my mothers and sisters."

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





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Ericsson launches customised network solutions for Indian market

Telecommunications service provider Ericsson on Thursday introduced a new category of radio products called Street Macro in India to enable a smooth evolution from 4G to 5G.

Street Macro is a new site type that addresses the need for operators to grow in cities with limited available radio locations.

The company also launched new radio products that support "Massive MIMO" technology to simplify use for wider 5G adoption.

"Operators today are looking at ways and means to increase network capacity, especially in urban areas. Ericsson's Street Macro adds a new layer in the network layer to boost capacity enabling service providers to cater to the growing demands of data users," Nitin Bansal, Managing Director, Ericsson India, told reporters here.

According to Ericsson's new economic study of enhanced mobile broadband, evolution to 5G will enable 10 times lower cost per gigabyte than current 4G networks.

To help operators capture growth opportunities presented by new 5G use cases, Ericsson has expanded its 5G Core System offering with new capabilities to support 5G New Radio (NR) standard and also enhanced its Distributed Cloud solution.

The announcement came on the sidelines of Ericsson's annual technology roadshow in India, where the company recreated a "Do Zone" to showcase the highlights from Mobile World Congress 2018.

To date Ericsson has signed 39 memorandums of understanding with service providers for trials, the company said.





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Coronavirus impact: Maharashtra crosses the 10,000 COVID-19 cases mark

A total of 583 new COVID-19 cases recorded across the state on Thursday, has taken Maharashtra's total count to 10,498. Meanwhile, the first patient who underwent plasma therapy in the city couldn't beat the infection and passed away late on Wednesday night.

A 53-year-old man, who was admitted to Lilavati Hospital after testing positive on April 20, was the first patient to receive the therapy. Hospital sources said that he was in a critical condition and had been kept on ventilator. The civic body had arranged for plasma therapy, which was given to the patient a couple of days ago, which unfortunately didn't help him in the fight against the infection.

Meanwhile, 26 staff members of Nanavati Hospital have tested positive so far. BJP leader Kirit Somaiya raised an objection and claimed that the hospital administration was being negligent. "I was informed that the hospital is not taking all precautions to ensure that the infection doesn't spread. I have written to the municipal commissioner and I have been told that an inspection will be conducted," said Somaiya.

A civic official from K West ward said that the BMC had visited the hospital earlier and would visit again on Friday. "We carry out inspections every time there is a positive case. Due to the high volume of patients, we cannot close the hospital and management has been asked to sanitise the premises thoroughly. We will inspect the hospital again to check if all the precautions are being followed," said Vishwas Mote, assistant municipal commissioner of K West ward. Hospital authorities, however, refuted the allegations of being negligent. A source from the hospital confirmed that while 26 staff members have tested positive, only four of them were working in the COVID isolation ward. "During contact-tracing, it was revealed that the remaining staff members live in red zones and had contracted the infection from their respective residential areas. They have been kept at the hospital itself and they are being treated free of cost. Most of them are class 3 or class 4 employees and no management employee, including doctors working in COVID wards, have contracted the infection," said an official from the hospital.

However, the cases in Dharavi continued to increase, and on Thursday, 25 new cases were reported. Two positive cases were reported from Mahim. Civic officials said 20 deaths in the city were confirmed on Thursday, of which 16 patients were suffering from other ailments. State health department officials said 180 COVID-19 patients were discharged on Thursday after full recovery. Apart from the 20 deaths in Mumbai, three deaths were reported in Pune, two in Thane and one each in Nagpur and Raigad. Mumbai currently has over 7,000 cases.

10,498
Active coronavirus cases in Maha as of today

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COVID-19 impact: Uncertainty looms over APMC market operations

Four more cases of Coronavirus were reported from the APMC market — three in the vegetable and one in the grain market — on Thursday, increasing the uncertainty about the operation of the wholesale grain and vegetable market.

The infected include three traders and one purchaser. APMC already has 24 traders and 16 staff, including security guards, NMMC doctors and a pharmacist, in home-quarantine after they came in contact with an infected person. Besides, 14 others from the market are infected. The spike also raises concerns about the steps taken by the APMC committee to combat the spread of the virus at the cost of nearly a crore.

Shivaji Daund, commissioner of the Konkan division, said, "We are awaiting the Navi Mumbai Municipal Corporation's (NMMC) report on the latest positive cases. Accordingly, we will decide on whether to continue the operations."

A crore spent on precautions

Shashikant Shinde, APMC elected committee member and Mathadi workers union leader said, "Last week, six positive cases were reported at a hotel within APMC premises. It was decided that the market would shut down but due to government pressure, the decision was changed and only the hotel was sealed. Vegetable trucks are directly entering Mumbai. Very few trucks with vegetables, grains, fruits, spices, visit APMC."

Shinde added that according to the government APMC is an essential service and hence cannot be shut down. "I had recently suggested that we keep the market open for just three days of the week. The suggestion was turned down."

Highly placed APMC officials said the committee has spent nearly R1 crore to set up disinfectant spraying machines, a war room, and to get the market cleaned twice a week. Another nearly R50 lakh was spent to make alternative arrangements for 402 stalls for vegetable and fruit vendors in Kharghar, but that won't be utilised as traders feel the market in Vashi is already set.

Market insiders said, "We are using disinfectants and have thermal scanners at the main entrance but nothing can detect asymptomatic false-positive carriers of COVID-19. People coming in contact with such carriers are testing positive. The number will only increase in the coming days."

Another elected member of the APMC committee said, "Another problem is traders placing orders for multiple trucks full of produce.

"We allow only three hundred trucks to enter APMC per day and 300 are parked at the terminal waiting for entry. This shows that some traders are keen on making money during a pandemic."

Security officer infected

Last week, a 50-year-old security officer attached to the Maharashtra Security Board and deployed at APMC, tested positive. Five security guards, three officers, and two clerks attached to the fruit market had come in contact with him and were sent to home-quarantine.

"We were tested two days ago. The report will come in another two days. We are asymptomatic and are in home quarantine. The security officer used to attend meetings and take rounds of the fruit market," said Ishwar Masram, deputy secretary of the fruit market, who is also in home quarantine.

Sources within the market said, "Though it is not clear how the security officer got infected, the buzz in the market is that he attended a meeting organised by a state minister who is recuperating after getting infected. Our concern is that it is practically difficult to trace whom the concerned person came in contact with unless the person has downloaded the government's Ayush application that maps positive patients and their contacts."

"APMC has a staff of 550 people. The concern is that if one tests positive, 10 to 15 people contacts will have to be traced and tested. This means the number of working men will reduce as everyone will have to be quarantined," said Shirish Badgujar, assistant secretary APMC.

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Coronavirus outbreak: Containment zones cross 2,000 mark in Mumbai

With the increasing number of COVID-19 patients in the city, the total number of containment zones have crossed the 2,000 mark. Of these, 1,235 are in congested areas.

The Central and the state governments have ordered restarting some activities in the red zones across the country. As on May 4, the number of sealed areas in the city reached 2,083. Sixty per cent of the Containment Zones (CZ) are in congested areas like chawls and slum. Around 600 containment zones are in densely populated areas and require 24-hour police surveillance.

"While the exact number of people living in these containment areas cannot be calculated, around 400 to 500 people live in every CZ," said a senior civic officer, adding that CZs restrict the spread of COVID.

Till April 23, the number of CZs were 983 with 231 zones released after 14 days. The number of CZs increased two-fold in the past 11 days.

Shifting to CCCs
The BMC has now begun to shift mild-symptomatic and asymptomatic patients to Corona Care Centres II (CCC). The civic body has started these centres across the city with a total capacity of 17,651 beds. As of now, 1778 positive patients are taking treatment in these centres. The NSCI club in Worli with a capacity of 500 people, has 279 positive persons. Byculla which comes under the E-ward has 210 positive persons in CCC II. F-North (Wadala) has 210, G-North (Dharavi, Dadar) has 207, H-East (Bandra) has 124, K-West (Jogeshwari, Andheri West) has 194 and L-Ward (Kurla, Chembur) has 118 patients in the facility.

In institutional quarantine, the civic body managed to increase the capacity of CCCI to 20,462 beds. There are 7,771 high-risk contacts of positive patients staying in these centres.

There are around 10 lakh people living in containment zones in the city right now.

10 lakh
No. of people in containment zones in the city

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Coronavirus outbreak: Mumbai's COVID-19 cases cross the 12,000 mark

The city's record for the highest number of COVID-19 cases reported in a single day increased to 769 on Wednesday as the total count reached 12,716. Bracing for more cases in the coming days, the civic body is planning to set up additional COVID-19 care centres in various open spaces across the city.

Civic officials said that the new COVID-19 centres will come up at Mahalaxmi Racecourse, Nehru Science Centre, MMRDA grounds in BKC, Mahim Nature Park and NESCO ground in Goregaon. Once the work is complete, civic officials said that the current capacity of 14,000 beds will increase to 34,000 beds. For critical patients, the capacity will be increased from 3,000 beds to 4,750 beds in hospitals like Nair, KEM and SevenHills. Additionally, ICU beds will be set up at the centre in NSCI.

The G South ward (comprising Worli) with 903 cases and G North (comprising Dharavi) with 888 cases, continued to have the highest concentration of positive cases. While three deaths were reported from the G South ward, one was reported from Dharavi where a 64-year-old male resident of Naik Nagar died on Wednesday. Civic officials from G North ward said that 68 new cases were reported in Dharavi, eight in Dadar and 11 in Mahim. Civic officials in G South ward said 25 new cases were reported on Wednesday.

State health officials reported 1,233 new cases in Maharashtra and the total count of COVID-19 cases now stands at 16,758. There were 34 COVID-19-related deaths on Wednesday of which 26 were in Mumbai which included one patient who was a resident of Uttar Pradesh, three in Pune, three in Akola and one each in Jalgaon and Solapur.

While 18 of the deaths involved patients who were senior citizens, 13 of them fell in the age group of 40-59 years and 27 of the patients were suffering from other ailments. Till date, Maharashtra has had 651 deaths due to COVID-19 and till date, 3,094 COVID patients have been discharged after a full recovery. Currently, more than 2 lakh people are under home quarantine while 13,107 people are kept at quarantine facilities.

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COVID-19 outbreak in APMC: Vashi vegetable market is back under scanner

With over a 100 people testing positive for COVID-19 at the APMC market in Vashi, Navi Mumbai Mayor Jayawant Sutar has demanded that it be locked down. He has threatened to write to the Maharashtra Governor and to the Central Health Committee Task Force.

Speaking to mid-day, Sutar, the mayor from BJP, said, "As per my information, the APMC already has over 100 cases of Coronavirus. When a positive case was detected on April 28, NMMC Commissioner Annasaheb Misal had ordered to shut the market for 14 days, but had to withdraw the order, after the Konkan Commissioner refused to do so."

"I spoke to Misal again during a conversation with bureaucrats and he has expressed concern over the increasing number of positive cases in the market. But so far, no decision has been taken on shutting it down," said Sutar. "Our job is to bring the matter to the notice of the government and ministers, with whom lies the final decision. If they do not heed our request, we will bring the issue to the notice of the Maharashtra Governor and the Central Health Committee Task Force monitoring the outbreak," Sutar added.

APMC Administrator and Secretary Anil Chavan, said, "As per our record, only 25 staff, including traders, have tested positive. We have been asking for swab test reports from the Navi Mumbai Municipal Corporation (NMMC), but for reasons best known to them, they have not shared the reports with us." Chavan added, "We have come to know that in case a trader tests positive, the NMMC will take into account all his family members which will show a higher count."


There has been no decision on closing the market yet. File pic

When asked if they are still contemplating shutting APMC, as suggested by some traders, Chavan said, "We have learnt that government officials are still discussing this and in the next few days, the matter would be clear. Meanwhile, APMC market is functioning with restrictions and if a trader gets infected, we ensure that his galla and the two adjacent gallas are closed and sanitised."

mid-day asked Sutar about NMMC not sharing the test reports with APMC, to which he replied, "There is no reason to not share the information. All COVID-19 cases are told about to the health department and the government daily. So there is no question about APMC claiming lack of information."

A trader who did not wish to be identified, said, "It is unfortunate that the APMC market is becoming a hotspot for COVID-19. Right from the beginning, we have been alerting the APMC committee about an outbreak possibility and that they should shut the market for a few days, but our plea fell on deaf ears."

Blame game over outbreak

Sources in the APMC committee said that as opposed to the 300 trucks allowed in the market per day, traders continue to over-order stock, which is leading to several extra trucks waiting at the truck terminal. This, sources say, is exacerbating the outbreak in the market.

The market also does not have any way to prevent asymptomatic infected people from entering the premises.

Traders, on the other hand, say that the market generates a business of several crores per day and that the committee and the government do not want to interrupt that cash flow. "If someone gets infected in one stall (galla), several other workers working for the particular trader automatically run the risk of getting infected and so do their families. We have suggested that the market be completely shut for one full week with a few days' notice so people can stock up. But even that suggestion is not being taken as it will interrupt the cash flow," another trader who did not wish to be named said.

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Coronavirus Outbreak in Navi Mumbai: Vashi APMC market to be shut from May 11 to 17

With the cases of Coronavirus continue to surge in the city, the Agricultural Produce Market Committee (APMC) has decided to suspend its operations from May 11 to 17.

The market committee has decided to shut all five markets, that include onion-potato markets, spices, fruits, vegetables and grains. The decision was made as cases among the market participants have been rising in spite of strict guidelines put in place to maintain social distance.

Navi Mumbai mayor Jaywant Sutar had urged the Maharashtra government to shut the APMC Market in a bid to stop the movement of people as many of the customers come from Mumbai to the travel to buy their stock of groceries.

The APMC Market in Vashi is the largest supplier of fruits, vegetables, grains and spices to the Mumbai Metropolitan Region.

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Vashi's APMC market will be shut for seven days

A day after former Navi Mumbai mayor Jayawant Sutar threatened to take the matter of increasing COVID-19 cases at Agricultural Produce Market Committee market in Vashi to the higher-ups, officials at a high-level meeting unanimously decided to shut it from May 11 to May 17.

All five markets — vegetable, fruit, grain, dry fruit and spice — will remain shut from Monday till the lockdown ends. The market will remain open this weekend. NMMC Commissioner Annasaheb Misal, Maharashtra principal secretary (marketing) Anoop Kumar, IAS officer Sanjeev Jaiswal, Konkan Divisional Commissioner Shivaji Daund, APMC police officers and APMC traders were at the meet on Friday afternoon.

Daund told mid-day, "We will carry out extensive spraying of disinfectants during the shutdown and the APMC staff, including traders and APMC police, will be screened and tested. We will hold regular meetings through video conferencing to understand the momentum of work." He added that they will review the matter on May 15 to decide on a phased reopening or extension.

APMC Secretary and Administrator Anil Chavan, who also attended the meeting, said they decided to close the markets to contain the spread of COVID. "We will keep the market open this Saturday and Sunday so that essential supplies could be stocked for 10 days in Mumbai and neighbouring areas."

mid-day had, on Friday, reported about the Sutar, whose term as the Navi Mumbai mayor ended recently, demanding that market to be shut.

"I was going to write a letter to the central health team, too, but I am now informed that at a high-level meeting a decision was taken to shut the market for a week. It is evident that not only traders, but even their staff, and APMC mathadi workers were at high risk as they visit the market daily. Also, we have learnt that some APMC staffers would have had to take voluntary retirement had the market remained open. The traders are already terrified," he said.

Sutar added, "Had the government wanted they could have made an amendment to the existing APMC Act, and allowed him to continue as the mayor. But, they allowed the administrator and APMC to take the decisions."

Vijay Bhuta, director, APMC Spices Market, said there were only eight cases at the masala market so far. "Majority of the positive cases were reported from other markets in APMC." "Residents living around the market were concerned about the increasing number of cases," he added.

A resident of Turbhe village said, "On Friday, two more positive cases were reported in the village and both men worked at the APMC market. We have requested Turbhe and Kopri villagers to not allow APMC staffers in their locality to venture out." Sutar said he has raised the concern about people travelling to and from red zones.

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WWE's next hottest star Bianca Belair on how Mark Henry gave her the push she needed

Bianca Belair, WWE's NXT superstar, has now made it to the main roster on WWE Raw and is bringing the house down. Bianca Belair has performed for two matches on WWE Raw in the past 2 weeks and seems to be making her way to the top in the women's division. In an interview, she discusses how she was discovered, why she calls herself the 'EST', creating her own ring gear and more.

How did Mark Henry first discover you? And what is the most useful piece of advice he’s given you from your tryout and beyond?
“After my track career I wanted to find something I could still be competitive in, so I was doing Crossfit and I really stood out…all the other girls were just wearing regular shorts and t-shirts and I was coming out in tutu’s and big bows and just really standing out. At a lot of Crossfit competitions I was getting on the mic and, without even knowing it, cutting promos. Mark Henry came across a video of me at a Crossfit event on the internet and he contacted me and asked me if I’d ever thought of being in the WWE… He got me in the door but he made it very clear from the very beginning that “this is all going to be on you”… It gave me a lot of confidence and it really pushed me. Ever since then he has always been someone I can go to for advice”

You famously declared yourself the ‘EST of NXT’, and now the ‘EST of WWE’. Can you explain to people who don’t know, what that means?
“The ‘EST of WWE’ means that I am a hybrid athlete. I’m not just good in one area, I’m not just good at one thing, I’m not just strong, I’m not just someone who can go in there and do flips and be a showcase athlete. I’m someone who can do it all. I’m not just average in different areas, I’m the best in every single area. I’m the strongEST, the fastEST, the quickEST, the roughEST, the greatEST, the smartEST, I’m the bEST. All those end in EST. I just see myself as being the absolute best in every single area that you can think of.”

You’re a Superstar with a host of skills, one of which is making your own gear. Has that always been a passion for you? Which ring gear have you designed that means the most to you, and why?
“I have been pretty creative and pretty hands on my whole life. I get it from my dad who is always doing something, always making something. My mum is the same way. They are super creative and I just grew up in that environment. I used to sew when I was younger, my mum had this little Christmas cookie jar that had everything in it but cookies. At first I started sewing pillow cases together, I didn’t even know what I was doing, but it carried over into High School and I used to sew and make my own outfits… It carried over into WWE because I do everything the best and I do everything myself, it’s a huge part of my character. Probably my favourite gear is my Black History Month gear that I wore at NXT TakeOver: Portland. Black History Month is really important to me because I really feel that Black history is American history is World history, and I’m very passionate about that. So that’s probably my favourite gear that I’ve made and it has the most sentimental value to me.”

Do you see your position as a WWE Superstar carrying a responsibility to set an example for young girls and women around the world?
“The further along I get in my career the more I see that I do have a responsibility and I take that very seriously. Especially with women and young girls we are often taught to shrink ourselves, and that is a big part of my character is to never shrink yourself to soothe anyone’s insecurities, you never dim your light for anyone. You go out there and you shine bright, it’s even in my theme song: “watch me shine now”. It’s something that I really want to stress to young girls, especially within the community that I come from… Go out there and show them who you are and don’t hold back. I hold that responsibility very close to my heart and it’s not just for young girls or for women, it’s for everyone. You have to be your biggest supporter, you have to be your biggest cheerleader.”

What are Bianca Belair’s future WWE ambitions?
“The cliché answer is to be RAW Women’s Champion, or if I’m on SmackDown to be SmackDown Women’s Champion, or to eventually be NXT Women’s Champion. Of course, I want to be the Champion on all three brands at some particular time but, honestly, I just want to go out there and leave an impact no matter where I’m at. I feel like I did that with NXT, I left an impact. When people think back to this era in WWE history I want to be one of the names that pops up as one of the key players regardless of if I’ve won one match or one hundred matches. I want to leave a legacy, I want to leave an impact.”

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COVID-19: India's tally of cases crosses 11,000 mark; 38 new deaths reported

With 1,076 new COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases has risen to 11,439, said the Union Ministry of Health and Family Welfare on Wednesday. Out of the total tally, 9,756 cases are active while 1,306 patients have been cured/discharged and migrated. With 38 new deaths reported in the last 24 hours, the death toll rises to 377.

According to the ministry, Maharashtra is the worst-affected state with 2,687 cases of which 259 patients have recovered/discharged while 178 patients have lost their lives due to the virus. Delhi comes in at the second position with 1,561 cases of which 30 patients have recovered while 30 patients have succumbed to the virus.

Tamil Nadu is the third state with over 1,000 cases at 1,204 cases of which 81 have recovered and 12 have died due to the deadly virus. Rajasthan is nearing the 1,000 mark with 969 cases of which 147 people have recovered while 3 patients are dead. Madhya Pradesh reported 730 cases including 51 patients recovered and 50 patients dead.

On Tuesday, in an address to the nation, Prime Minister Narendra Modi announced that the 21-day national lockdown has been extended till May 3.

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Coronavirus Outbreak: What are red, green, orange zones marked by Union health ministry

With over 12,000 active cases of COVID-19 in the country that resulted in the nationwide lockdown getting extended till May 3, the government had on Wednesday issued a set of fresh guidelines till May 3. Prime Minister Narendra Modi in a televised speech on Tuesday announced measures that the government would undertake to tackle the pandemic.

The Union Health and Family Welfare Ministry have also earmarked the districts in the country into three categories –red, green and orange zones as per the frequency of the cases reported from the areas. 

The BMC will also come up with red and orange zones in Mumbai to mark containment zones for stricter implementation of the lockdown. While the plans are still being drafted, areas with a high number of positive cases of COVID-19 will be put in the red zone and will have no external essential service providers. Let's know more about these zones.

Red zone

According to the Union Health Ministry, the districts identified as hotspots are marked as red zones. These districts have reported a large number of Coronavirus cases and need focused attention. As much as  170 districts in the country have been marked as hotspots, which is further divided into two groups: (a) 123 districts where a large number of cases have been reported and  (b) 47 districts where cases were reported in clusters.

According to the Health Ministry, the districts contributing to more than 80 per cent of the cases reported in the country, the districts contributing to more than 80 per cent of the cases in a state or districts with doubling rates reported to be less than four days, can be classified as a 'hotspot' or a 'red zone'. The ministry also said that the government will provide door-to-door facilities and undertake containment activities in these districts for the next 14 days. Mumbai,  recording the highest number cases in the country with 3,081, has been declared a hotspot by the government.

Orange Zone

The districts that had reported less number of Coronavirus cases or not seen a surge of positive cases in the area have been marked as 'orange zone'. In these zones, limited services of public transport, farm harvesting activities and functioning of small scale industries manufacturing essential items such as flour, pulses, and edible oils have been permitted. A hotspot district can be declared an orange zone if cases reported in 14 days is less or none.

According to the health ministry, 16 districts in Maharashtra have been declared as an orange zone. The districts are Gondia, Washim, Yavatmal, Buldhana, Hingoli, Akola, Beed, Amravati, Jalna, Latur, Osmanabad, Satara, Jalgaon, Kolhapur, Ratnagiri and  Sindhudurg

Green Zone

According to the Union Health Ministry, the districts that have not reported positive cases of Coronavirus are classified as green zones. In these zones, essential items that generate state revenue would be given an extension. Small scale industries manufacturing essential items will be allowed to function freely, but with strict maintenance of social distancing.

Hotspots have to undertake effective containment activities to flatten the curve and bring the number of Coronavirus cases down in order to qualify as an orange zone and subsequently as a green zone in 24 days.

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India's COVID-19 tally reaches 31,332; death toll crosses 1,000 mark

India's tally of COVID-19 cases has reached 31,332, said the Union Ministry of Health and Family Welfare on Wednesday. With 73 more deaths reported, the number of deaths due to coronavirus in the country breached the 1,000 mark and stood at 1,007. The tally is inclusive of 22,629 active coronavirus cases, 7,695 patients who have been cured/discharged and one patient migrated.

According to the Ministry, Maharashtra has the most number of COVID-19 cases with 9,318 cases of which, 1,388 patients have been cured/discharged while 400 patients have succumbed to the virus. Gujarat has the second-highest number of positive cases in the country with 3744 cases including 434 patients cured/discharged and 181 deaths.

Delhi's tally stands at 3314 cases of which, 1078 patients have recovered while 54 patients have succumbed to the virus. Madhya Pradesh has a total of 2387 positive cases including 377 patients recovered/discharged and 120 fatalities.

Meanwhile, Goa (seven cases; all seven recovered), Arunachal Pradesh (one case; now recovered), Manipur (two cases; both recovered), Tripura (two cases; both recovered) have reported no new cases of COVID-19.

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Coronavirus outbreak: India COVID-19 cases cross 46,433 mark, death toll over 1,500

The total number of COVID-19 cases in the country climbed to 46,433 on Tuesday morning, the Union Health Ministry said.

Of the total cases, 32,138 are active, 12,726 people have recovered, and 1,568 have succumbed to the disease.

Maharashtra remained the worst-hit state with the total number of cases rising to 14,541 and 583 deaths, though 2,465 people have recovered from the deadly virus.

Gujarat has reported 5,804 cases so far followed by Delhi with 4,898 cases, according to the Health Ministry data.

The other states which have seen a sharp rise in cases are Madhya Pradesh (2,942), Rajasthan (3,061), Tamil Nadu (3,550) and Uttar Pradesh (2,766).

Maharashtra has the highest number of fatalities, among all the states, followed by Gujarat with 319 deaths, Madhya Pradesh 165, Rajasthan 77 and Delhi 64.

Among other major states, Andhra Pradesh has reported 1,650 cases and 36 deaths so far, Bihar 528 cases and four deaths, Haryana 517 and six deaths, Jammu and Kashmir 726 cases and eight deaths, Karnataka 651 and 27 deaths and Kerala 500 cases with four deaths.

The states which have reported less than 10 cases are Tripura, Mizoram, Puducherry, Manipur and Arunachal Pradesh.

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Meghan Markle makes first appearance on Good Morning America since royal exit

The Duchess of Sussex Meghan Markle made her first TV appearance on Monday since stepping down as a senior member of the British Royal family alongside her husband Prince Harry. According to Us Weekly, Markle's appearance on 'Good Morning America' was pre-recorded. The clip was to promote 'Elephant' the Disneynature documentary the 38-year-old narrated for the Disney+ streaming service.

The 'Suits' actor said in the interview which was recorded in the summer of 2019, "I'm really grateful to have the opportunity of bringing the story of elephants to life."

"I've been very lucky to be able to have hands-on experience with elephants in their natural habitat. When you spend time connecting with them and the other wildlife, you really understand we have a role to play in their preservation and safety," she continued.

"I hope that when people see this film they realise how connected we all are, and if we had more of an awareness about the obstacles we're facing, I think we'd take care of each other, this planet and animals in a very different way," shared the Duchess of Sussex.

The 35-year-old couple Markle and Harry initially moved to Vancouver Island in Canada with their 11-month-old son Archie before relocating to her native Los Angeles.

The couple, back in January, announced they will take 'a step back' as senior members of the royal family and instead work independently, splitting their time between the United Kingdom and North America.

The Duke and the Duchess of Sussex said their decision came "after many months of reflection and internal discussions."

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Mark Ruffalo gets nostalgic as Avengers Endgame clocks one year

Sharing a throwback picture from the purple carpet premiere of 'Avengers Endgame,' actor Mark Ruffalo on Sunday said that he is feeling nostalgic as the film completed its first anniversary.

The actor took to Instagram to reminisce about the film and posted a picture of himself and a group picture of the cast of the film from the premiere.

Decked up in a black suit, Ruffalo is seen posing at the purple carpet event in the picture.

"Feeling nostalgic that it's been a year since #AvengersEndgame was in theaters. Thank you all for being a part of this wild journey with us #LoveYou3000," he captioned the picture.

The film 'Avengers Endgame' by Marvel comics was released on April 26 last year and became a blockbuster hit within few days of hitting the screens.

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English Premier League's transfer market bubble set to burst

The financial squeeze put on Premier League clubs by the coronavirus crisis could be felt across the continent in the coming months as the well to fund massive transfer fees runs dry. For each of the past four summers, Premier League clubs have flexed their financial muscle to splurge over £1 billion ($1.3 billion) on transfers. That has helped spread the wealth of television contracts worth billions across Europe and crucially down the divisions to cash-strapped clubs in England. Now even the world's richest league is facing economic meltdown. Premier League matches have been suspended indefinitely with no return expected before mid-June at the earliest. Broadcasters could be due a rebate worth a reported £762 million if the season is not completed and, even when the games do recommence, they are likely to be behind closed doors, quashing income from gate receipts.

Moreover, a number of major sponsors such as airlines and gambling companies have been just as badly hit by the COVID-19 shutdown, which is expected to lead to a curb on commercial revenue. Rather than the usual arms race for talent, Premier League clubs are fretting about just meeting their wage bills for the next few months. "Many clubs could be threatened by insolvency and transfer plans came to a standstill for most clubs because of the many uncertainties," said Matthias Seidel, founder of Transfermarkt, a website specialising in transfer values. According to Transfermarkt, 1.8 billion euros ($2 billion) has already been wiped off the value of Premier League squads. "There's no doubt the actual value of players right now has gone down in all squads," said Brighton owner Tony Bloom. "How much less, I have no idea. It depends on how the next few months play out."

'Vultures and predators'
Such uncertainty has led for calls to do away with transfers entirely to avoid the unseemly sight of clubs, who have asked staff to take pay cuts and in some cases relied on government money, spending money on new players. "If you're trying to get 30 percent pay cuts from existing players, you may have to put a transfer embargo in place," former Manchester United captain Gary Neville told Sky Sports. However, embargoes may only accelerate fears that clubs lower down the pyramid will not survive the crisis. Proceeds from transfer sales are commonly used in the lower leagues to cover running costs and will be needed even more without the regular income of gate receipts to rely on. "I think there will be significant transfer fee deflation," football finance expert Kieran Maguire told AFP. "There will be a significant number of clubs that when some form of transfer market returns, they will be close to going out of business and therefore will accept fire sale prices. "The vultures and predators will pick off good players for very modest fees."

The fear for those reliant on transfer fees, though, is that the damage has already been done. Given the vast sums involved, transfer fees are very commonly paid over the course of a player's contract. Based on accounts published to the end of the 2018/19 season, Premier League clubs owed £1.6 billion in outstanding transfer payments, £900 million of which was to foreign clubs. Maguire warns of the domino effect whereby if one club fails to meet its transfer debt, it could spark a series of defaulted payments on other deals or even worse force clubs into insolvency. "The concern is that financial problems in one league could spread throughout the industry just like the pandemic," he said. Bundesliga chief executive Christian Seifert told the New York Times earlier this month that the transfer market will "collapse" and that "some leagues will understand that money is nothing that is coming automatically every month from heaven." That may have been a slight on the Premier League's overindulgence on transfer fees. But as the biggest spender, the economic earthquake felt by English football will ripple across Europe for some time to come.

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




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Top tips to get the Meghan Markle look

Meghan Markle

With the spectacular royal wedding drawing millions of viewers from around the world this weekend, it comes as no surprise to see that the bride and now Duchess of Sussex, Meghan Markle is on everybody’s mind right now. In the buildup to the wedding, much debate arose as to how the former suits star would wear her hair, and Saturday’s showing certainly didn’t disappoint.

Celebrity hairstylist to the stars Asgar Saboo provides his step by step How To Guide on how to recreate the hair Meghan Markle so beautifully pulled off, so we can all feel like royalty. And the best part? It takes no time at all, so why not incorporate it into your daily routine from time to time…

Step 1:
The secret to this look is to prep the hair to create the ultimate base with ultra gloss and shine. Commence by creating a centre parting in your hair using the end of a comb, ensuring the divide is strong and pulled back to the crown of the head. Blow dry your locks to get that glossy foundation which will hold and radiate all day long.

Step 2:
Add loose waves all over your hair with curling tongs, or rollers depending on your preference. Loosely wind the hair around the tongs to avoid any curls which are too tight or precise.

Step 3:
You then need to gather the hair into a low ponytail at the nape of your head. Secure it into place with bobby pins and make sure the ponytail is fixed and finished off with a frosting of hairspray.

Step 4:
Loosely twist locks of your hair around the tail to build this low bun, creating a voluminous 'undone' effect.

Also Read: Here's What Transpired At Prince Harry And Meghan Markle's Royal Wedding

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New Twitter tool to mark real candidates in US midterm poll

In line with its efforts to help users identify original sources and authentic information on Twitter, the microblogging site plans to add new labels to the campaign accounts of political candidates, starting with those running in the 2018 US midterm general election.

The legitimate accounts of the candidates will be clearly identifiable with a small icon of a government building, Twitter said on Wednesday.

The label will appear on the Twitter Profile page of the candidate and alongside all tweets sent or retweeted by the account, Bridget Coyne, Senior Public Policy Manager at Twitter, said in a blog post.

Twitter is partnering with Ballotpedia, a non-profit, civic organisation that publishes nonpartisan information on federal, state and local politics to help identify the campaign Twitter accounts of candidates once they qualify for the general election ballot for an applicable office.

Labels will begin to appear after May 30 on the campaign Twitter accounts of candidates who have already qualified for the general election ballot for an applicable office, and provided Twitter with consent to apply the label, Twitter said.

Candidates running for state Governor or for the US Senate or US House of Representatives during the 2018 US midterm general election will qualify for the US election labels.

"This will continue on a rolling basis as states continue to hold primary elections and candidates officially qualify for the general election ballot," Coyne added.

"Providing the public with authentic, trustworthy information is crucial to the democratic process, and we are committed to furthering that goal through the tools we continue to build," Coyne said.

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Tax-News.com: Denmark Tops Tax Burden League Table

Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY.




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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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Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points

Posted by Equitymaster
      

With stock prices gyrating every day to coronavirus related developments, the weekend must come as a relief.

Here's a look at how deep the impact has been felt in the global financial markets:

  1. Stock markets worldwide saw sharp losses on Thursday, with the benchmark indices on Wall Street and London saw their steepest daily falls since the Black Monday in 1987.
  2. In the US, stocks witnessed a sharp sell-off on Thursday.
    • Thursday's dive follows the intense fall on Wall Street seen throughout the week. The S&P 500 triggered the first circuit breaker of the week on Monday after falling 7%. This fall came after the crash in crude oil prices.
    • The markets bounced back Tuesday, only to retreat on Wednesday after the World Health Organization (WHO) declared the coronavirus a pandemic.
    • At the closing bell, the Dow Jones Industrial Average finished down around 2,350 points (down 10%). The S&P 500 plunged 9.5%, while the Nasdaq Composite Index tumbled 9.4%.
    • Stocks were deep in the red the entire session, which was paused for 15 minutes early in the day. Automatic suspension was triggered after the S&P 500's losses hit 7%.
    • On Thursday, equities erased their losses briefly after the US Federal Reserve announced measures to inject an additional US$ 1.5 trillion in cash into financial markets. The announcement, which came after European markets had closed, sent shares higher, but they dropped back by the end of the day.
  3. Coming to the European markets now, the main UK index dropped more than 10% yesterday in its worst day crash since 1987. Losses on the UK's FTSE 100 wiped some 160.4 billion pounds in wealth from the market.
  4. Frankfurt had its worst day since 1989, the year the Berlin Wall fell, while Paris suffered its biggest one-day loss on record.
  5. However, European stock markets rallied this morning. The signs of a US stimulus package helped soothe fears about an economic shock. At the time of writing, European indices were trading mixed. Shares in London were up 4.1%, while the Paris CAC gained 3.5%. However, the Frankfurt DAX crashed 9.3%.
  6. Stocks in Asia also saw consistent sharp falls throughout the week. Japan's benchmark Nikkei 225 index closed 6.1% lower today.
  7. Shanghai was down around 1% as the number of new cases in China shrunk and people slowly returned to work in the worst-hit areas.
  8. In Asia, circuit breakers were also triggered in many exchanges including India, Japan, South Korea, Indonesia, Thailand, and the Philippines this week.
  9. Indian share markets saw their biggest ever single day fall this week. The indices today hit their lower circuit limits within 15 minutes of the opening session. This was seen the first time in 12 years that trading in Indian markets had to be halted. The carnage didn't continue, however, as Indian indices recovered after major free-fall as trading resumed after 45-minute halt.

    From there on, it was an upward rally as markets went on to witness buying interest and saw their biggest intraday recovery ever.
  10. On a year-to-date (YTD) basis, the worst fall has been witnessed by European markets. Here's a view on how the world markets have performed since January 2020.
  11. US Markets European Markets Asian Markets
    The Dow Nasdaq S&P 500 London Paris Germany Hang Seng Nikkei 225 Shanghai Sensex
    -27% -21% -24% -31% -33% -32% -16% -25% -6% -17%

    This worldwide crash has put March 2020 into the history books. Now, how markets perform in the coming days will be something to watch out.



    This article (Worst Week for Global Stock Markets: Coronavirus Impact in 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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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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