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Neymar on Lionel Messi: When I needed the most support, he gave me a hand

Barcelona skipper Lionel Messi has often spoken about the liking he has had for former teammate Neymar and the Brazilian has now revealed how one of the greatest footballers to have played the beautiful game always had his back at the La Liga club.

"Honestly, it's difficult, very difficult for me to talk about Messi, because it was very special for me at Barcelona, I say this to everybody," he told Rede Globo's Esporte Espetacular.

"At the moment when I needed the most support, the best player in the world arrived and gave me a hand. He said: 'Come here, I'm here to help you.'" Messi had earlier spoken about how he is still in touch with Neymar and it will be slightly difficult for him to make a return to the club from Paris Saint-Germain.

"We talk to Neymar often. We still have a WhatsApp group with Luis (Suarez)", Messi told Argentina's Radio Metro, as quoted by ESPNFC.

"It's difficult for him to come back, as he left here, many club members and people do not want him to come back. From a sporting point of view he would be wonderful, but the other view is also understandable. It is a bit difficult," Messi had said.

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Report: FIFA boss Gianni Infantino suspected of interfering in probe

FIFA president Gianni Infantino is suspected of having intervened with Switzerland's attorney general to try to get an investigation dropped, a Swiss newspaper alleged on Monday. The Office of the Attorney General (OAG) launched an investigation in 2016, shortly after Infantino was elected president of world football's governing body, about his awarding of a TV rights contract to an offshore company in his previous role as UEFA's legal affairs director.

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According to the Tribune de Geneve newspaper, Infantino was worried about this investigation and wrote to his childhood friend, Rinaldo Arnold, who had become a senior prosecutor in Switzerland's Haut-Valais region where they grew up. "I will try to explain to the OAG that it is in my interests that everything should be cleared up as soon as possible, that it be clearly stated that I have nothing to do with this matter," he wrote in an email cited by the newspaper. Arnold, who had helped to set up a first meeting between Infantino and Attorney General Michael Lauber, replied: "What is important is the meeting in two weeks' time. If you like, I can come with you again."

The meeting took place on April 22, 2016, the newspaper said, adding that what happened during it remains a mystery, and the OAG "refuses to speak about it". The OAG declined to comment when contacted by AFP. FIFA said later on Monday "the email referred to in the article was obviously obtained by hacking, which is an illegal and criminal act."

'No reason to lie'

"Not only Mr Infantino had no reason to lie in that email, the email never said Mr Infantino wanted to 'clear his name'," FIFA added. The Zurich-based federation has always indicated that the meetings between Infantino and the OAG were intended to show that FIFA was ready to engage with the Swiss justice system.

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Argentina striker Paulo Dybala tests COVID-19 positive for fourth time

Argentina footballer Paulo Dybala has tested coronavirus positive for the fourth time in the last six weeks, according to media reports. This could come as a big blow for Juventus as Serie A had allowed players to return to individual training from May 4. "Spanish programme El Chiringuito stated Dybala has had four tests across the last six weeks and the latest one was positive again," the report in The Sun stated. Dybala was one of the first footballers to contract the virus along side Juventus teammate Daniele Rugani. In March, Dybala had taken to instagram to reveal he and his girlfriend both had tested positive.

Italy has been one of the worst hit countries in the world due to coronavirus pandemic as more than 200,000 people have been infected while in excess of 27,000 individuals have lost their lives so far. Italian sports minister Vincenzo Spadafora had earlier suggested that it would be easier to end the football season and if indeed the leagues do start, it should be a gradual process.

"It would be much easier to end the season immediately and the scientific community would agree," he wrote on his Facebook page. "Carrying on the world of football is a very important thing for our country, but we must do it safely. Remember when Serie A didn't stop? How many teams have gone into quarantine? The [Italian Football Federation] FIGC submitted a protocol and it was considered.

"Today we're at the end of April, we can't know for sure how the virus will evolve and how the rules will be respected, therefore we can't know when the season will resume.

"We've been working to resume training from May 18, but that doesn't mean the leagues will start up again," he added.

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Chuni Goswami's son reveals: Dad suffered 3 heart attacks in 14 mins

Subimal "Chuni" Goswami came for a routine check-up to a city hospital on Thursday morning and by evening he had suffered three cardiac arrests in 14 minutes to breathe his last and end an era, his son said.

"He had breakfast. Then we got him to the hospital. He was brought here for a routine check-up. He had lunch and even took a nap in the afternoon. But around 5 p.m., he suffered three heart attacks in 14 minutes," said a crestfallen Sudipto.

Goswami, who died at the age of 82, is survived by his wife and Sudipto.

Goswami was also battling underlying ailments, including sugar, and prostrate and nerve problems.

Goswami had to be given insulin daily and due to the COVID-19 lockdown, his medical supervisor was not able to attend to him on a regular basis.

"I don't have words at this point, feeling lonely," said Sudipto.

Goswami's biggest achievement was captaining India to the 1962 Asian Games Gold medal when India scripted a historic 2-1 victory against South Korea (Korea Republic) in the final to land India its second gold medal in Asian Games history.

Besides two editions of the Asian Games, Goswami was also part of India's Olympic squad in the Rome Olympics in 1960. He also captained India to the final of the AFC Asian Cup in Tel Aviv in 1964 and was part of India's campaign in the pre-Olympic qualification in 1959 (in Kabul), 1960 (in Kolkata and Jakarta), 1963 (in Colombo as captain), and in 1964 in (Tehran and Calcutta).

Goswami won the Arjuna Award in 1963 and was conferred the prestigious Padma Shri Award in 1983.

The versatile sportsman that he was, he also represented Bengal in the Ranji Trophy and even captained Bengal in 1968-69 season. He also played for East Zone in the Duleep Trophy. His first-class career as a cricketer ended after 46 matches and he scored 1,592 runs, including a century.

He also served the Tata Football Academy as its director and was appointed the Sheriff of Kolkata in 2005. In the same year, he was awarded the Mohun Bagan Ratna and was bestowed the Banga Bibhusan in 2013.

The Indian postal department also honoured Goswami with a commemorative stamp on his 82nd birthday earlier this year.

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Neymar may take 50 per cent pay cut to rejoin Barcelona: Report

Brazilian footballer Neymar is reportedly ready to take a 50 per cent pay cut on his existing Paris St. Germain deal to force through a move back to former club Barcelona.

After spending four trophy-laden years in Spain, Neymar joined PSG in 2017 for an eye-watering sum of 198 million pounds.

Reports have time and again surfaced that the star forward is unsettled in France and wants a Barca return in order to once again link-up with close friend Lionel Messi.

According to Spanish outlet Mundo Deportivo, Neymar is ready to sacrifice half of his 600,000 pounds per week salary at PSG in order to make a sensational return to Barcelona.

Barcelona was Neymar's first club in Europe and he won two LaLiga titles, three Copa del Reys and the Champions League once with the Catalan giants.

Barcelona stars have also spoken about their admiration for Neymar and aren't against his return despite his unceremonious exit from the club few years ago.

"Everybody knows 'Ney', we all know the affection we have for him in the dressing room," Suarez was quoted as saying by Mundo Deportivo last month.

"His ability is indisputable and he still has so much to show. He will always be welcome in the changing room, we appreciate him a lot."

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Cristiano Ronaldo donating money to help Portugal's lower league players

Football superstar Cristiano Ronaldo flew back to Italy on Monday after almost two months in Coronavirus lockdown in his native Madeira, Portugal, but he is continues to help with donations during this COVID-19 pandemic.

Lokomotiv Moscow's Portuguese player Joao Mario has told British tabloid, The Sun that Cristiano is donating money to lower league players in Portugal, who are financially hit due to the pandemic.

"It's a bad situation for everyone but in these kinds of situations, it's worse. They [Portugal's lower league players] really need our help. Cristiano presented us an initiative for us all to help especially those players that are struggling, that do not have professional contracts," said Joao.

Meanwhile, Manchester City star Bernardo Silva said, "Ronaldo suggested that Portugal players should donate 50 per cent of their Euro 2020 qualification bonus towards a players's fund in the Portugal Football Federation."

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England's PFA chief Gordon Taylor wants shorter ties to lighten load

The head of the English Professional Footballers' Association (PFA) has raised the possibility of playing shorter matches to lighten the load on players if the season can restart. English clubs remain committed to completing the campaign despite severe concerns over player welfare. Players could be tested up to three times a week and be forced to stay quarantined in hotels away from their families for a number of weeks to help limit the risk of them becoming infected with coronavirus. With 92 matches in the Premier League season still to be played, players could have little preparatory time to work on their fitness in group training before being rushed back into playing twice a week.

FIFA have proposed increasing the number of substitutes allowed per side from three to five to also lessen the risk of fatigue and injuries for players on their return. "Safety has to be paramount," PFA chief executive Gordon Taylor told the BBC. "We don't know the future. What we do know is what propositions have been put, what ideas have been put, the possibility of having more substitutes, games possibly not being the full 45 minutes each way.

"There's talks of neutral stadiums. There's been lots of things being put forward. "Try and wait and see what the proposals are, and then have the courtesy to let the managers and coaches and players also assimilate all those and come to a considered view." The Premier League's "Project Restart" has been met with some resistance over plans for all remaining games to take place at up to 10 neutral venues.

The remaining matches would need to be played behind closed doors, but there are fears fans could congregate around stadiums. Some top-flight clubs have argued that under those circumstances there should be no relegation as the sporting integrity of the competition is compromised. However, chairman of the English Football League (EFL) Rick Parry said denying promotion to three Championship clubs would end up in legal battles.

"The lawyers are going to get wealthy if that happens," Parry told the Digital, Culture, Media and Sport committee on Tuesday. "There would be a degree of outrage from a number of clubs in our Championship, and it would be a breach of the tripartite agreement. "The safe answer is that it would get very messy. Our expectation is there would be three clubs promoted from the Championship."

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'He's touched by God': Martin Cardetti picks Ronaldinho over Messi

Former Argentina footballer Martin Cardetti named his pick between Ronaldinho and Lionel Messi, two of the greatest footballers ever to grace the game.

Cardetti, manager of Ecuadorian football club Mushuc Runa, said he saw the Brazilian from close quarters during their time together at Paris St. Germain and according to him, Ronaldinho is one-of-a-kind footballer.

"As a coach, for my team I would choose Ronaldinho at his best over Messi," Cardetti told El Crack Deportivo as per Goal.com. "I shared a year with Ronaldinho and he is a different player, he's touched by God.

"He always had fun; with the ball he was always doing things and he practiced a lot so that he could replicate those things in matches.

"You see him in training, in matches and every move he makes is different from everyone. Players like him appear very rarely and they are remembered in football history," he added.

Before Messi started ruling the roost at Barcelona, Ronaldinho was a fan-favourite at Camp Nou. He stayed with the Spanish Giants from 2003 to 2008 and won two LaLiga titles and one Champions League trophy.

As for Messi, he has so far won 10 LaLiga titles, six Copa del Reys and four Champions League titles. Messi is also a six-time Ballon d'Or winner.

On the international stage, Ronaldinho trumps Messi as he is a World Cup winner with Brazil and the Argentine is yet to open his international account. Messi although won the Gold with Argentina at 2008 Olympics.

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Manchester City's Bernardo Silva enjoying lockdown with Portuguese model Ines Tomaz

Portuguese footballer Bernardo Silva has reportedly found love during the ongoing Coronavirus-caused lockdown.

The Manchester City star, who split from his French model girlfriend Alicia Verrando two years ago, is said to be in a relationship with Portuguese model Ines Tomaz.

According to a report in the Portuguese media, Bernardo has been in lockdown near Lisbon in Portugal with Ines for over a month, but the couple are not keen to rush into things.

"They've not been together for very long and they want to take things slowly," a source told Portuguese newspaper Correio da Manha.

It is learnt that Bernardo and Ines have been watching Netflix, playing the piano and even learning to cook together. Bernardo revealed last week that he was in quarantine with a group, including Ines, and had even posted a picture of the bunch on social media.

"Hey guys, it's been over a month that we're all locked down in our homes so I have decided to show you a little bit of what our quarantine looks like. This is the group of friends with whom I'm spending my quarantine," he wrote.

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COVID-19: Bundesliga to restart behind closed doors on May 16

German professional football is going to return to action on May 16 to 18 with its first and second tier getting back underway. League association CEO Christian Seifert announced the permitted re-start is planned without games on Friday evening but contains two rounds of matches during the week. "We wanted to follow the wording in the orders of politics strictly," the 50-year-old commented, reports Xinhua news agency. All games will be run behind closed doors.

The season was interrupted mid-March due to the coronavirus crisis. Nine rounds remain plus one postponed match. German Chancellor Angela Merkel and the 16 federal state prime ministers gave the green light for a restart on Wednesday based on a comprehensive hygiene concept. Most of the 36 clubs voted for the earliest possible start. At least two sides, such as Werder Bremen and FSV Mainz 05, demanded a start one week later to gain time for additional training.

Seifert announced the season is to be continued with matchday 26, which contains the delicate derby of Borussia Dortmund against the FC Schalke 04 on Saturday. Six games are notified for Saturday, two on Sunday and one on Monday evening. All match-days contain a so-called late-game in the evening. The table leaders Bayern Munich face an away game against league newcomer Union Berlin Saturday evening.

The season's last games are planned to take place on June 27 to 28. Seifert indicated the Champions League final could be run around the end of August. The German Cup has to be rescheduled. To address parts of the demands of Bremen, their game against Bayern Leverkusen is scheduled for Monday on May 18. The federal state of Bremen was one of the last spots allowing training in smaller groups.

All 36 clubs took up full team training this Thursday. From Saturday on, all clubs attend an obligated seven-day-long quarantine. Players, staff, and family members will undergo a diverting number of tests. Referees are going to be tested by next week. Seifert said football concept could be a blueprint for other team-sports, fighting sports and athletics as well as for orchestras and theaters.

Clubs and association are in close contact with fan groups to avoid gatherings around the arenas. Therefore, negotiations take place with pay-tv broadcasters to provide certain games on free tv.

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Movie Review: BHOOT - Part One – The Haunted Ship

The horror genre has taken giant strides in the West and newer concepts have been experimented with to keep the interest going in the genre. Bollywood, however, has lagged behind. Most horror films still follow the template set by the game-changer RAAZ [2002]. But now, Karan Johar’s Dharma Productions is all set to present BHOOT: PART ONE – THE HAUNTED SHIP, and it promises to be a one-of-its-kind horror flick. Moreover, it stars Vicky Kaushal who has become extremely popular following the blockbuster success of his last film, URI: THE SURGICAL STRIKE [2019]. So does BHOOT: PART ONE – THE HAUNTED SHIP manage to scare the daylights of the viewers? Or does it fail to impress? Let’s analyse. <img class="aligncenter size-full wp-image-1076932" src="https://www.bollywoodhungama.com/wp-content/uploads/2020/02/BHOOT-Review.jpg" alt="" width="750" height="450" /> BHOOT: PART ONE – THE HAUNTED SHIP is the story of a man facing a scary situation while fighting the horrors of his past. The year is 2012. Prithvi (Vicky Kaushal) is a widower who has lost his wife Sapna (Bhumi Pednekar) and daughter Megha in a freak accident. He is depressed and is avoiding medication. In the midst of all this, an abandoned ship named Sea Bird gets stranded at Mumbai’s Juhu Beach. Prithvi works for a shipping company that is asked to take this ship back to the sea at the earliest. On his first visit to the ship, strange things occur and it makes him feel that the ship is inhabited. However he passes it off as his hallucinations and side effect of his state of mind. The subsequent visits however makes him sure that all this is not a figment of his imagination. During the third visit, he spots a girl at the hull of the ship. He also comes across log books and some video tapes dating back to the year 2001. As he sees the tapes, he realises that the captain’s wife (Meher Vij) and daughter Meera were also present on the ship. Gradually, Prithvi realises that the girl he encountered on the ship is Meera. He goes again to the ship and this time he comes face to face with Meera. But this time, she’s in a ghostly avatar. What happens next forms the rest of the film. Bhanu Pratap Singh's story is decent and could have made for a gripping scarefest. Bhanu Pratap Singh's screenplay however is unimpressive overall. He gets the scare quotient right only in few scenes. Even in the main story, things are barely convincing. Bhanu Pratap Singh's dialogues are passable. Bhanu Pratap Singh's direction is nothing great. He makes good use of his knowledge in creating a scary atmosphere. A few scenes are well executed. But most of the scenes fail to impress. Trouble begins in the first 15 minutes itself when a random couple is shown venturing into the massive ship undetected and playing hide and seek. The ship is ten storeys tall and this information is given by the makers themselves just few minutes before this scene. But no explanation is given how the lovers manage to climb atop the deck which is at such a height. This scene actually gave a clear indication that logic and common sense are not going to be the strong points of this film. And sure enough, the absurdities continue in the second half, especially the climax. Many questions are left unanswered and it is sure to baffle viewers when they come out of theatres. BHOOT: PART ONE – THE HAUNTED SHIP begins on a fair note as Prithvi's past and glimpses of the happenings on the ship in 2001 is depicted. The first half doesn’t have much of a story as such but it keeps you intrigued as the scary atmosphere is well created. A few jump scares also serve the purpose. The interval comes at a great point. Post interval, there’s some movement in the story and you actually get to know where the film is headed. Still, a few unwanted scenes are there, like Prithvi imagining that he’s talking to his dead daughter at the bank of a river. On the positive side, the scene in the church is excellent and one expects the film to go on a high from here. Sadly the climax is riddled with clichés and flawed developments that kill the joy completely. <span style="text-decoration: underline;"><strong>BHOOT – Part One The Haunted Ship | Public Review | Vicky Kaushal | First Day First Show</strong></span> <iframe id="jwiframe" class="playerFrame" src="https://www.bollywoodhungama.com/videos/first-day-first-show/bhoot-part-one-the-haunted-ship-public-review-vicky-kaushal-bhumi-pednekar-first-day-first-show/?jwembed=1" width="800" height="340" frameborder="0" allowfullscreen="allowfullscreen"></iframe> Talking of performances, Vicky Kaushal is in good form. He looks very dashing and gets his act right, without going overboard in any scene. Bhumi Pednekar is decent in a cameo. Ashutosh Rana (Professor Joshi) is fine and gives one a déjà vu of his earlier performance in RAAZ. His character sadly gets a raw deal in the end. Akash Dhar (Riyaz) plays Prithvi's best friend and has an important role. He is decent but again, he doesn’t have much to do later. Meher Vij has a superb screen presence but her performance suffers on account of bad writing. Sanjay Gurbaxani (Agnihotri) is average. The actor playing Amar looks a bit creepy which works well. The actors playing Meera and Megha do very well. Akhil Sachdeva's music has no scope. <em>'Channa Ve'</em> is played in the opening credits. Ketan Sodha's background score is horrifying and works. Pushkar Singh's cinematography captures the mood very well. Aditya Kanwar's production design is top-notch. The abandoned ship especially is well designed. Natashcha Charak and Nikita Raheja Mohanty's costumes are realistic. Vikram Dahiya's action is filmy and takes away the authenticity. Redefine's VFX is first rate and adds to the horror factor. Bodhaditya Banerjee's editing is dragging and could have been crisper. Ideally, this film shouldn’t have been more than 90 minutes long. On the whole, BHOOT: PART ONE – THE HAUNTED SHIP suffers from a half-baked plot and a flawed narrative which leaves viewers confused. The end result is completely unconvincing, barring a few scenes that provide some chills. At the box office, it will be rejected by the audience. Disappointing!




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Why Arbitrage Funds can be a Worthwhile Bet amidst the COVID-19 Pandemic

Posted by Equitymaster
      

During the COVID-19 lockdown, individuals are losing patience -- moving freely and not following the necessary social distancing. This lack of civic sense and maturity on their part is weakening our fight against the deadly contagion pathogen.

The capital markets, as a result, also has witnessed intense volatility and bears are running lose. Certain sections of investors, however, have shown tremendous maturity during these challenging times.

At a time when Foreign Portfolio Investors (FIIs) have net sold or dumped Indian equities (owing to markets worldwide falling sharply and margin calls being hit), domestic fund managers are looking for value-buying opportunities in the carnage of the markets.

It is also heartening to see retail and High Net-worth Individuals (HNIs) buying into various equity-oriented mutual funds in a lump sum as well as the SIP (Systematic Investment Plan) mode. Monthly SIP inflows have touched a record high in March 2020 and the SIP folios, too, surged to 3.12 crore.

However, in debt-oriented schemes, investors seem to be pressing the panic button. The mutual fund industry recorded a net outflow of Rs 1.95 trillion in March 2020. Barring Overnight Funds and Gilt Funds, all other sub-categories of debt mutual funds have reported an outflow in March 2020.

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Advance tax payment obligations, deterioration in asset quality, potential risk of defaults in the COVID-19 lockdown, and heightened volatility in the Indian debt market are some of the key reasons for outflows from debt-oriented mutual schemes.

[Read: Why Investors Pulled Out Money from Debt Mutual Fund Schemes in March]

The massive outflows were also seen from the Liquid Funds and Arbitrage Funds.

Table 1: Action in March 2020
Mutual fund category Rs in Crore
Net outflows in March 2020 Net AUM as on March 31, 2020
Arbitrage funds -33,767 52,210
Liquid funds -1,10,037 3,34,725
Overnight funds 26,654 80,174
(Source: AMFI, PersonalFN Research)

Unprecedented redemptions in the Arbitrage Funds and Liquid Funds, as well as the net inflows recorded by the overnight funds, suggest that investors preferred safety over returns. As you know, liquidity is a key concern as the world continues to fight the COVID-19 pandemic.

Some arbitrage schemes such as Tata Arbitrage Fund and ICICI Prudential Equity-Arbitrage Fund had stopped taking in fresh subscriptions in the third week of March 2020 for the lack of arbitrage opportunities as markets faced broad-based selling.

But now markets are finding some sort of stability and bouncing back -- rallied over 20% from March lows - although the bears continue to run loose.

So, is it a time to consider arbitrage funds again?

Yes, I think so.

Arbitrage Funds aims to exploit the price differential in two different segments (spot and futures or cash and derivatives) of the equity market. They buy stocks in the spot market and sell in the future market simultaneously thereby making gains with the price differential (called the spread).

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The differential usually is in sync with the prevailing interest rates in the economy; but depending on the market volatility, it could sometimes be higher as well. That being said, these are short-term opportunities that spring up due to lack of information to a set of market participants in one of the markets.

The capital market regulator's mutual fund categorisation and rationalisation mandates that an Arbitrage Fund must strictly follow the arbitrage strategy and invest at least 65% of its total assets in equity & equity related instruments.

Since the transactions are in either direction, the positions are completely hedged. And the remaining 35% of the total asset is deployed in debt and money market instruments.

In March 2020, when the stock futures started quoting at a discount to the spot prices in the cash market, it was a concern. But now that we have seen some sharp up-moves in the Indian equity markets as the government has done relatively well in containing the spread of the deadly virus (compared to other nations) and thanks to the prompt fiscal measures also have been taken -- both by the Ministry of Finance (the Rs 1.75 trillion package) and the Reserve Bank of India (by reducing policy rates sharply, keeping monetary policy stance 'accommodative as long as it is necessary', and ensuring enough liquidity in the system) -- in my view, it would be perceived positively by the markets in times to come and enough arbitrage opportunities would be available. It is possible that Arbitrage Funds may even perform a tad better vis-a-vis Liquid Funds.

Table 2: Report Card of Arbitrage Fund, Liquid Funds and Short Duration Funds
Scheme category Returns (Absolute %)
1 Month 3 Months 6 Months 9 Months 1 Year
Ultra-Short Duration Fund 0.65 1.44 1.89 4.91 6.51
Arbitrage Fund 0.04 1.33 2.58 4.18 6.28
Liquid Fund 0.58 1.37 2.69 4.21 6.02
Overnight Fund 0.22 1.02 2.25 3.58 5.1
Short Duration Fund 1.43 1.97 3.45 5.06 5
Crisil Liquid Fund Index 0.49 1.4 2.83 4.43 6.32
Nifty 50 Arbitrage Index -0.17 0.85 2.02 3.62 5.8
Category average returns presented
Data as on April 17, 2020
(Source: ACE MF, PersonalFN Research)

Over the last one year, the returns generated by Arbitrage Funds have been quite satisfactory. In fact, these funds have outperformed those clocked by Liquid Funds. The 3-month returns clocked by Arbitrage Funds have been almost at par with Liquid Funds.

Do note that an Arbitrage Fund carries low risk and the returns depend on the market conditions and fund manager's ability to reap rewards from arbitrage opportunities.

Short-Term Capital Gains (i.e. realised profits within a year) on arbitrage funds are taxed at 15%, while the Long-Term Capital Gains (i.e. gains made after staying invested for more than a year) are taxed at 10% for gains above Rs 1 lakh in a financial year.

To park money for the short-term for an investment time horizon up to 1-year, you may consider investing in an Arbitrage Fund.

And if you have an extreme short-term time horizon (of 3 to 6 months), consider a Liquid Fund with high-quality debt papers, which does not have high exposure to Commercial Papers (issued by private entities).

Alternatively, if you wish to park in a much safer category, you would be better off investing in an Overnight Funds.

Happy Investing!

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

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

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

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

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

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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

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




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

Posted by Equitymaster
      

Unnerving movements for debt mutual funds investors!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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

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




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HDFC Mid-cap Opportunities Fund: Focusing on Growth through Quality

Posted by Equitymaster
      

Despite the rally we recently witnessed, the market mood continues to be sombre due to the pandemic crisis. FPI outflows from the Indian market persisted in the current month as well, while the recent fiasco at a popular fund house also dented investor sentiments.

It is difficult to predict how this situation will unravel eventually. Though the pandemic has impacted both large and smaller sized companies, small and mid sized companies could be the most affected.

However, quality names even in these segments could perform well over the long run. Therefore, you should stick to only quality names across different market capitalisation and invest via a well managed mutual fund that focuses on growth through diversification.

HDFC Mid-cap Opportunities Fund (HMOF) is one such mid cap fund that looks to invest in mid cap stocks with sound financial strength and reasonable growth prospects.

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And she has agreed to make it available for free for a limited time.

If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing...

Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run.

She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit'

We expect this to a huge event... with more than 10,000 people attending it LIVE.

You simply can't miss it.

Click Here to Download the Guide & Block Your Seat Now. It's Free.
------------------------------

Graph 1: Growth of Rs 10,000 if invested in HDFC Mid-cap Opportunities Fund 5 years ago

One of the most popular funds in the midcap category, HMOF's asset size is the largest as compared to its peers. However, HMOF has shown no constrain when it comes to delivering superior performance. The fund has a track record of generating above-average returns across market conditions. Over the last 5 years, HMOF has generated returns at 4.5% CAGR as compared to 1.9% CAGR generated by its benchmark Nifty Midcap 100 - TRI, thus generating an alpha of around 2.5 percentage points CAGR. The fund has made well use of diversification to mitigate downside risk and generate decent lead over the benchmark index.

Table: HDFC Mid-cap Opportunities Fund's performance vis-a-vis category peers
Scheme Name 1-year (%) 3-year (%) 5-year (%) Std Dev Sharpe
Axis Midcap Fund -1.59 8.24 9.09 12.99 0.22
Invesco India Midcap Fund -11.6 0.54 6.89 15.17 0.12
DSP Midcap Fund -9.17 -0.78 8.39 14.62 0.06
Tata Mid Cap Growth Fund -13.59 -1.52 4.96 16.54 0.07
L&T Midcap Fund -17.37 -3.38 6.85 15.37 0.05
HDFC Mid-Cap Opportunities Fund -21.36 -5.32 4.54 15.11 0.01
ICICI Pru Midcap Fund -27.16 -7.35 1.86 14.72 -0.02
Sundaram Midcap Fund -23.59 -8.71 2.77 15.52 -0.03
Category Average -15.71 -3.5 4.38 14.62 0.05
Benchmark -25.38 -9.34 1.92 18.1 -0.03
Returns are point to point and in %, calculated using Direct Plan - Growth option. Those depicted over 1-Yr are compounded annualised.
Data as on April 28, 2020
(Source: ACE MF, PersonalFN Research)

*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.

Though HMOF has trailed some of the other popular peers in the mid cap category, it stands strong in the list of mid cap funds. The fund has constantly outperformed the benchmark by a noticeable margin across time periods.

Some of the other top performers in the category are Axis Midcap Fund, Invesco India Midcap Fund, and DSP Midcap Fund.

The fund has not only demonstrated its ability to generate superior returns for its long term investors, but has been reasonable when it comes to managing volatility and curtailing down-side risks. In terms of risk-adjusted returns, HMOF has outperformed its benchmark by a significant margin and also stays ahead of most of its peers.

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------------------------------

Investment strategy of HDFC Mid-cap Opportunities Fund

Categorized as midcap fund, HMOF is mandated to invest minimum 65% of its assets in equity and equity related instruments of mid cap companies. Accordingly, HMOF invests in stocks of predominantly mid-sized companies, which have reasonable growth prospects at acceptable valuations. The fund also holds significant exposure in smallcaps along with moderate exposure in large caps as well as cash and debt.

It follows the bottom-up approach to identify high quality businesses for the long term. The stocks are bought primarily for the strengths of company fundamentals rather than the strength of the macro-economic indicators.

The fund manager resists from following market momentum and holds each of his high conviction stock for the long term.

Graph 2: Top portfolio holdings in HDFC Mid-cap Opportunities Fund

As on March 31, 2020,HMOF held 75 stocks in its portfolio, with no individual stock having exposure of more than 5%.Popular mid cap names like Aarti Industries, Balkrishna Industries, Trent, Ipca Laboratories, and Voltas, etc. appeared in its top portfolio holdings. The top 10 stocks constitute close to 32% of its assets.

The fund's portfolio is primarily skewed towards Banking and Finance sectors which together constitute around 17% of the portfolio. Auto ancillaries, Pharma, Chemicals, and Industrial Products are the other prominent sectors with allocation of around 9-11% each.

Suitability

HMOF's performance over longer time periods has been commendable, where it has generated decent long-term returns for its investors as compared to the benchmark, though it has lagged behind some of its peers. Its focus on timely realization of growth potential of stocks at fair valuation can help it generate strong returns while also minimize the downside risk. However, its aggressive mandate makes it prone to high volatility. This makes HMOF suitable for investors with high risk appetite and a long term investment horizon.

Editor's note: The last few years have not been among the best for equity mutual funds. While most funds have underperformed or are struggling to match the returns of the benchmark, there are few funds that have the potential to constantly generate alpha for its investors. And we have identified five such high alpha generating funds, in our latest report 'The Alpha Funds Report 2020'. Do not miss our latest research finding. Get your access to this exclusive report, right here!

Note: This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Author: Divya Grover

This article first appeared on PersonalFN here.

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

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




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COVID-19: Sania Mirza waiting to get back to tennis court!

With the world coming to a standstill due to the coronavirus outbreak, sporting events across the globe have either been cancelled or suspended and Indias star tennis player Sania Mirza cannot wait to go back to the tennis court.

Taking to Twitter, she wrote: "Waiting to play tennis again like." Earlier, Sania had made her displeasure known as there has been a rise in the number of 'cooking' posts that celebrities are putting out on social media as they stay indoors to fight the coronavirus outbreak. Sania feels posting such pictures in these times is unwanted.

Taking to Twitter, she wrote: "Aren't we done with posting cooking videos and food pictures yet ? Just spare a thought - there are hundreds of thousands of ppl, specially in our side of the world starving to death and struggling to find food once a day if they are lucky."

After giving birth to her child in October 2018, Sania returned to the court in January this year. She clinched the women's doubles title at Hobart International, pairing up with Nadiia Kichenok, in her comeback competition.

Sania recently shared a photo of her son with a tennis racquet in hand, looking confused. "I am pretty sure he's thinking what the fuss is all about? #IzhaanMirzaMalik". Sania said in her Twitter post.

Sania last played at the Qatar Open in February. She has helped raise Rs 1.25 crore in one week which will help close to 1 lakh people in need during the 21-day lockdown to fight 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.

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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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Mahesh Bhupathi throws virtual party on wife Lara Dutta's 42nd birthday. See Photos

Bollywood actress and Miss Universe 2000 Lara Dutta turned 42 years old on April 16, 2020. Lara Dutta's birthday celebrations, however, were not stopped due to the COVID-19 lockdown. Lara Dutta's husband Mahesh Bhupathi was the one to bring in her birthday and host what was called a 'virtual birthday party' at their home in Mumbai.

Mahesh Bhupathi also took to Instagram to share a couple of photos and a video of Lara Dutta's birthday celebrations along with their daughter Samaira. The couple also had their close friends on a video conference to wish Lara Dutta on her birthday. Mahesh Bhupathi described how the part went and also had a fun caption to go with it. Virtual birthday party done .. Happy Birthday, Lara. May God continue to bless you with this amazing husband and incredible kid for another few decades atleast. Yes, we ate well today." Here's Mahesh Bhupathi's post on Instagram.

Lara Dutta made her Bollywood debut in 2002 with the superhit film Andaz alongside Akshay Kumar and Priyanka Chopra, who also made her debut. Both actresses won the Filmfare award for Best Female Debut.

Lara Dutta has since appeared in a list of Bollywood hits such as Masti, No Entry, Housefull, Partner, Bhagam Bhaag and Don 2. She also ventured into production with the film Chalo Dilli in 2010.

Mahesh Bhupathi and Lara Dutta got engaged in September 2010 and tied the knot in February 2011. In January 2012, Lara Dutta and Mahesh Bhupathi welcomed their daughter Samaira into the world.




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Birthday begins early for Maria Sharapova

Russian tennis beauty Maria Sharapova turns 33 on Sunday, but the celebrations already began for the former World No. 1, a day earlier. On Saturday, she shared this picture of a cake with her four million Instagram followers and captioned it: "This little piece of cake goodness arrived at our doorstep this morning [happy early birthday to meeee] and didn't make it past noon."

 
 
 
View this post on Instagram

A post shared by Maria Sharapova (@mariasharapova) onApr 17, 2020 at 5:18pm PDT

Originally known as a German tree cake, the Japanese got some skin in the game and crafted several versions of their own. It's one of my favourite morning coffee indulgences. Thank you, Yutaka!!"

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

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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."

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

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Sania Mirza becomes first Indian to be nominated for Fed Cup Heart Award

Tennis star Sania Mirza on Thursday became the first Indian player to be nominated for the Fed Cup Asia/Oceania Group I Heart Award. Former world number one and multiple Grand Slam winner, Sania, returned to Fed Cup competition for the first time since 2016 and guided Team India with her stunning performance, recording three doubles wins in the Asia/Oceania Group I tournament earlier this year in March. Her performance, along with another senior compatriot Ankita Raina, proved decisive in India's historic qualification to the Fed Cup Play-offs.

Reflecting on her nomination, Sania said the Fed Cup result at the Asia/Oceania tournament is one of the greatest achievements of her playing career. "Stepping on to the court for the first time in India colours was a moment of pride for me, back in 2003. It has been an eighteen-year long journey since then and I feel extremely proud and privileged to have contributed to the success of Indian tennis. The Fed Cup result at the Asia/Oceania tournament last month is one of the greatest achievements of my playing career. These are the moments an athlete plays for and I am grateful to the Fed Cup Heart Awards selection panel for this recognition" Sania said in a statement.

The Fed Cup Heart Award is an International Tennis Federation (ITF) initiative that was established in 2009 to recognize Fed Cup players. This year, six players have been nominated for the three regional Group I Fed Cup Heart Awards. In Fed Cup Heart Award's 11th edition this year, Priska Madelyn Nugroho of Indonesia is the second player nominated from the Asia/Oceania region. They are joined by Anett Kontaveit (Estonia) and Eleonora Molinaro (Luxembourg) from Europe/Africa; Fernanda Contreras Gomez of Mexico and Paraguay's Veronica Cepede Royg from the Americas, as the remaining four regional Group I nominations.

The winners of the Heart Awards will be determined by online voting by fans which will go live on 1st May and will go on until 8th May.

In 2019, Zarina Diyas from Kazakhstan emerged victorious from Asia/Oceania Group I.

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Andy Murray wins virtual title after internet glitch

British tennis ace Andy Murray won the Virtual Madrid Open title on Thursday after a semi-final walkover, when opponent Diego Schwartzmann, logging in from Argentina, suffered a connection glitch.

Andy beat Belgium's David Goffin in the final, but the drama of the online tournament was in the semis. Diego kept winning points even though Andy was hitting winners.

Andy exclaimed: "This is madness," following which Diego withdrew. "I don't deserve to be in the final you play the final," Diego told Andy. "Due to technical problems with @dieschwartzman's connection that prevented him from competing normally in his semi-final match, the players have agreed that @andy_murray should progress to the #MMOPEN Virtual Pro final," the organisers tweeted. Later, Andy said he would donate a part of his prize money to UK's National Health Services (NHS): "I'll be donating half of the USD 45,000 prize money to the NHS and the other half to the tennis players relief fund."

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Ex-rivals Serena Williams, Maria Sharapova come together for virtual charity tennis tournament

Tennis stars like Serena Williams, Maria Sharapova, Naomi Osaka, Kei Nishikori and others will participate in a virtual charity tennis tournament. IMG is the company coordinating the tournament titled "Stay at Home Slam" and it will be streamed on Sunday on Facebook Gaming and on the tennis Facebook page of IMG. Two-person teams will compete using the Mario Tennis Aces game on Nintendo Switch.

Competitors will play the video game from their homes across the country, and each will receive $25,000 donated to the charity of their choice, with the winner of the tournament receiving an additional $1 million in donation. "I am proud our IMG tennis clients came together so quickly to support a multitude of great causes," said Max Eisenbud, SVP of tennis clients at IMG as per the official website. "It is a testament to the people we work with across all our divisions that we were able to bring this to life in such a short amount of time."

"It's been incredible to see the creative ways athletes are using social media to support people during this difficult time," said Evan Shugerman, Facebook Athlete Partnerships Lead. "We're excited to be partnering with IMG to contribute to those efforts, which will bring some of the world's top athletes together on Facebook for an entertaining and impactful competition."

Legendary tennis player John McEnroe and popular YouTube personality iJustine (Justine Ezarik) will be commentating the matches.

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Rafael Nadal's wife very upset with the media as they can't get her name, birth date right

World No. 2 tennis star Rafael Nadal's wife Maria Francisca Perello has revealed that the media often misreport her name and date of birth.

Mrs Nadal indicated that Mery is her real name. Also, her birthday is not on July 7.

Mery has always stayed away from the media glare, but remains in the news for being Rafael's better half.

In a recent interview to Spanish daily La Vanguardia, she said: "Well, nobody around me calls me Xisca. And my birthday is soon, I will surely spend it in confinement. But it is not in July. There is still a little time left…" she was quoted as saying by essentiallysports.com website.

When asked about her interest in sports, she replied: "I exercise a lot, but always just for myself. Never seriously. I have played volleyball, done gymnastics, fitness and lately running. On vacation, I sometimes play paddle tennis with Rafael."

Mery, who is in self-isolation with Rafael in Mallorca, added: "We are confined like everyone else. We were very clear from Day One to train at home. We do rubber bands, push-ups, circuit…at least one hour a day in my case."

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Make your long-weekend exciting with these 5 breathtaking adventure sports

Are you really bored of the routine and look to have a fun-filled vacation? Here your quest ends as the Good Friday long weekend is approaching and then you can plan to have some adventure for your lifetime. Though our country offers a vast number of adventure activities, it is always difficult to choose one out of them. It is really important to decide a right adventure sport at a right place to have the best utilization of your vacation. In order to help you we have list down some of the best places for you to consider this long weekend. We promise that these sports not only stimulate adrenaline rush but also help you to become fearless:

Bungee Jumping in Rishikesh
Bungee Jumping is an exciting and thrilling adventure sport. It is an ill-advised sport for the faint hearted. You might be surprised that though a lot of people take the initiative to try it out, but most back off just before the jump. First a long, extremely strong and stretchy cord is tied around the jumper's ankle, which leaps off of the jumping point. Jumpin Heights offers adrenaline-pumping activities such as Bungee Jumping, Flying Fox, and Giant Swing. Recognised by Ministry of Tourism, Govt. of India, the organization follows Australian and New Zealand Standards for Safety Regulations. Built above the glorious river Ganges, Jumpin Heights is host to India's first highest Bungee jumping platform (83 meters).jumpinheights.com

Wildlife Safari in Ranthambore National Park
For the wildlife adventure enthusiasts, Ranthambore National Park in the Sawai Madhopur district of Rajasthan is a celestial destination. Known to be one of the best parks to spot the majestic Indian Tigers, the park is also the home to several other endangered species. The Ranthambore wildlife sanctuary is popular for being India's largest National Park. It encompasses the Sawai Man Singh Sanctuary and the Keladevi Sanctuary and hence covers approximately a stretch of 1300 Sq. Km. The park welcomes all you adventure enthusiasts, wildlife photographers and nature admirers to be awe struck by its glory

Cycle Trekking in Himalayan
The mountainous region delivers a special kind of excitement to the adventure junkies. The great topography of India will let you experience this excitement. For cycle trekking, the Himalayan range and the mountainous regions of Kerala are the most favorite for the activity. One can ride individually or in groups to rejuvenate their senses.

Desert Camping in Jodhpur
For those, who crave for fun and adventure in the arid deserts of Rajasthan, Jodhpur proves to be an ideal destination. Also known as the 'Sun City', the adventure junkies can opt for desert camping along with bonfire, barbeque dinners and village tours in Jodhpur.

River Rafting in Rishikesh
The gushing waters of Ganges makes river rafting in Rishikesh one of the most exhilarating adventurous sports. Embraced by the majestic Himalayas and enveloped by the lush green vegetation, the divine city of Rishikesh invites all you adrenaline Junkies, to encounter some thrill. The Ganga River flowing through the city offers rapids ranging from Grade-I-V and makes it for an ultimate rafting destination in the country.

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5 smart tips to make your hotel room healthier

After travelling for hours, people look forward to settle down in their hotel rooms, away from dirty transport and several air-borne diseases.

However, not many are aware that the sigh of relief is far from being true.

Hotel rooms are often filled with viral diseases and infections. In order to beat them, here are some tips to create a healthier environment in your hotel room.

1. Raid the bed bugs- Stripping down your bed of its linen and checking for bugs might do the trick. Travel and Leisure also suggests examining the upholstered furniture, curtains, and headboard for the little termites.

2. Ditch the bedspread- Just because bedspreads can be laundered does not mean they often are. Reneta McCarthy, a former housekeeping manager for a major American hotel chain, told CNN that hotels may not switch out the duvets when they are providing fresh top sheets. Your best bet is to play it safe and store the comforter or duvet in the closet

3. Disinfecting commonly used items- Carrying antibacterial wipes in your luggage can be your best bet. You can use them to disinfect most commonly used items such as door handles, light switches, toilet flushes, telephones, television remote, faucets, bedside tables and such.

4. Opening the window- Sometimes, hotel rooms are full of still air which is often full of air-borne bacteria - due to lack of proper ventilation and air circulation. Opening the window improves circulation and invites fresh air. Also, opening a window can help you adjust to the local time zone.

5. Avoid using in-room glassware- Try and use plastic wrapped cups or opt bottled water, if available. There are many times when proper cleaning and sanitisation of used glasses is not ensured in hotels.

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Look your best on your summer vacation with these expert tips

In the age of instant social media uploads and the so-called mandatory airport selfies, one cannot do without planning a vacay wardrobe. If you have difficulty in staying within the luggage weight limit, this checklist is your best travel guide.

Cool casual
Deepika Padukone is the queen of effortless cool; her favoured combo being leggings and an oversized shirt or a pullover. Do your knees a favour and pick baggy pants for long flights.

The '90s kid
From Valentino to Masaba, the fanny pack is the new favourite of designers. Take a cue from actor Jacqueline Fernandez and clip one on to keep your essentials in place.

Athleisure
We don't see the athleisure trend settling down anytime soon. And it's the perfect trend to follow for travel, just like actor Ranveer Singh in this tracksuit.

Boho-chic
If comfort is a requisite, loose silhouettes should be your pick. Actor Esha Gupta does it well in this maxi. Natural beachy waves after a day by the seaside will complete your look.

Staples first
>> Linens are best for summer.
>> Wardrobe staples include shirts, your best denim, shorts and linen pants. Ankle-length linen pants can be worn with breezy cotton tops, T-shirts, shirts or kurtis, making four looks with one staple.

>> Footwear is bulky to carry. One pair of white shoes and flip flops or sandals will work with every outfit.
>> Denim shorts go with everything, be it T-shirts or a monokini. Dark or faded shorts work best, while ripped ones need a sporty approach.
>> For cooler places, a classic, big trench coat (each brand has a signature), socks, boots or shoes and a stole should be your essentials.

>> Always carry moisturiser, for the beach or the hills. A perfume is another essential.
>> Carry two styles of sunglasses to change your looks in your photos. Leave the rest to good natural lighting which is a guarantee when outdoors.

- Rupa Chourasia, stylist

From day to night
>> Pack garments in an assortment of light or warm fabrics, which will work not just for the outdoors but also in the AC.
>> For a packed itinerary that involves day outings, partying and outdoors, neutral heels, chic flats and one pair of sneakers will make your shoe-game on point.

>> For a day to night transition in the same outfit, carry small accessories and statement jewellery — slinky chains with a beach cover-up or a kaftan for the beach; interchange this look with a chunky neckpiece or earrings for the night. Make-up can help you achieve this shift too.


>> A small metallic sling bag, a medium tote or a leather backpack are versatile pieces.
- Reann Moradian, stylist

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Tourism among five sectors to exploit on mission mode in northeast

Representational picture

Agartala: The first meeting of the 'Niti Forum for North-East' (NFNE) on Tuesday chosn five sectors including tourism and food processing to exploit them on mission mode basis to accelerate inclusive and sustainable economic growth of the region, said NITI Aayog Vice Chairman Rajiv Kumar.

Union Minister for Development of North Eastern Region (DoNER) Jitendra Singh, in a significant announcement, also said that henceforth 100 per cent funding would be made by the Central government for central sector projects in the eight northeastern states, which were earlier being undertaken on the basis of centre-state sharing in the ratio of 90 :10.

"In the first meeting, NFNE has identified five sectors to exploit them on mission mode basis to speed up inclusive and sustainable economic growth of the northeastern region," Rajiv Kumar told the media after the meeting.

The other sectors are bamboo, horticulture and 'Made in Northeast'.

Rajiv Kumar said that the focus of development and infrastructural projects in the northeastern region would be based on the concept of "HIRA" -- Highways, Inland Waterways, Railways and Airways as conceptualised by Prime Minister Narendra Modi.

The NITI Aayog Vice Chairman and DoNER Minister are Co-Chairmen of the NFNE constituted last month following Modi's direction to supplement the functioning of the DoNER ministry and North Eastern Council (NEC).

On the new funding pattern for central sector projects, Jitendra Singh said that this will only be applicable to the eight northeastern states, unlike the earlier 90:10 funding pattern which was in force for 11 special category states - which also included Himachal Pradesh, Jammu and Kashmir and Uttarakhand.

He said the infrastructure of the northeastern region, which had been neglected for 65 years, had got a boost under the NDA government, with utilisation of funds increasing to Rs 30,000 crore in the last financial year from Rs 24,000 crore in 2014-15 fiscal.

Singh said that for the development of highways and roadways and tourism sectors, two separate corporations were formed and to boost the industrialisation of the region, the "North East Industrial Development Scheme" was finalised last month by the union cabinet with the financial outlay of Rs 3000 crores up to March, 2020.

He said that under the UDAN phase two and phase three, all the northeastern states would be connected by airways and the region's connectivities with the neighbouring countries would be further developed.

Chief Ministers, Deputy Chief Ministers, Planning and Coordination, PWD Ministers of Tripura, Meghalaya, Nagaland, Mizoram, Arunachal Pradesh, Sikkim and Assam and top officials of all the eight northeastern states and various Central ministries attended the day-long NFNE meeting.

Rajiv Kumar said that 14 districts of eight northeastern states among the 115 most backward districts across the country and dubbed as "aspirational" districts, identified to accelerate the all-round development.

Of the 14 districts, seven are in Assam and one each in remaining seven states - Tripura, Meghalaya, Mizoram, Arunachal Pradesh, Nagaland, Manipur and Sikkim.

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Mahindra Electric partners with Zoomcar to offer 100 EVs in Delhi



 Mahindra Electric on Tuesday announced its partnership with self-drive rental platform Zoomcar, as part of which the electric vehicles (EV) maker will offer 100 of its e20 plus EVs on the latter's platform in the capital.

The electric mobility arm of automobile major Mahindra & Mahindra said the agreement is aimed at promoting shared and cleaner mobility.

"Mahindra's commitment towards electric mobility continues. Our aim is to make EVs more mass adaptable in India in public transport, shared mobility and personal vehicles," Mahindra Electric Chief Executive Mahesh Babu told reporters here.

The EVs under the deal are financed as part of an agreement between Zoomcar and Mahindra Finance.

Apart the e2o plus, Mahindra also makes the e-Verito and e-Supro model EVs.

Zoomcar operates in 30 cities across India, allowing users to rent cars by the hour, day, week or month.

At the event to announce the tie-up, Niti Aayog Chief Exexcutive Amitabh Kant said a massive revolution is required to usher in shared, connected and zero waste mobility, while tackling Delhi's air pollution is not possible without private sector collaboration.

"In Niti Aayog, we have provided charging stations as the need for the government is to ensure that there are vast number of charging stations all over and we are, in fact, moving towards having all electric vehicles," he said.

While launching the National E-Mobility Programme here last month, Power Minister R.K. Singh said the government will soon unveil a policy on EVs.

According to officials, the policy will provide that charging EVs would be a service and not sale of electricity -- which requires a licence.

The policy on electric vehicle charging stations on points along identified corridors, draft of which has been finalised by the Central Electricity Authority, would provide that the price of power for charging electric vehicles be capped at the average cost of supply in the state, excluding discom transmission and distribution losses, plus 15 per cent, officials said.

This would help the tariff for charging at an economical level of below Rs 6 per unit, they added.

The governments's National Electric Mobility Mission Plan launched in 2013 aims at gradually ensuring a vehicle population of about 6-7 million electric and hybrid vehicles in India by 2020.

The vision enunciated two years ago is for India to have 100 per cent EVs by 2030.





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7 best places beach lovers must visit in Portugal


Portugal. Pic courtesy/YouTube

With mild climatic conditions and more than 3,000 hours of sunshine a year, Portugal makes for a perfect holiday destination. Not only these but also 850 km of fabulous beaches and a valuable heritage add to the country's beauty. Also, if you are a food lover and have a taste for Mediterranean-influenced cuisine that is rich in flavours and aroma, then you must plan a trip to this southern European country soon.

If you are fond of beaches, then these are some of the best places to visit in Portugal:

1. Porto E Norte: It was in the Porto and in the North regions that Portugal was founded in the 12th century. The region is crossed by the River Douro which enters Portugal between the ravines and mountains of the interior to flow through the entire world heritage landscape where the Port and Douro wines are produced. In this area of mountains and natural parks, the region¿s heritage is seen in its castles, such as the one in Guimarães, and the shrines and churches which are the stage for pilgrimages in the summer.

2. Centro de Portugal: In the interior of the country, there are mountains and villages of granite and schist. Serra da Estrela, the highest peak in mainland Portugal, is the star of the mountains, with its endless landscapes and glacial lagoons. But there are also the Lousã, Açor and Caramulo ranges, where you can discover nature by hiking or by bike.

3. Lisboa Region: Lisbon is the place to be! Frequently chosen as one of the best destinations in Europe, the capital of Portugal is an old city, full of history and vestiges of the past and yet, at the same time cosmopolitan, multicultural, full of culture and life. From historical and heritage areas, from the Baixa Pombalina to Belém (where only yards separate the Jerónimos Monastery and Belém tower, both classified as UNESCO World Heritage Sites, together with the Monument to the Discoveries), to the newest part of the city ¿ Parque das Nações with its fabulous Vasco da Gama bridge (the longest in Europe and one of biggest in the world),to the characteristic neighborhoods of Alfama, Mouraria, Sé and Bairro Alto, with their winding streets, centuries-old houses and traditional shops, Lisbon is always surprising.

4. Alentejo: A land of Great Plains, cork oaks, vineyards, and excellent wines, of immaculately whitewashed houses, the Alentejo is also a land of outstanding beaches, some almost deserted in the hottest summer months. The largest continuous stretch of beaches in Europe for about 60 km long is perfect for a few days' rest and relaxation, but also for lovers of surfing and other water sports, who will find plenty of options here.

5. Algarve: With a coastline stretching 230 kilometers, more than 130 beaches, the beaches in Algarve are constantly ranked as some of the most beautiful beaches in the world and considered as Europe's Best Beach Destination by the World Travel Awards. The sea, which is always inviting for a dip or a wide range of water sports, the mild temperatures and award-winning golf courses, the Algarve also offers gastronomical experiences.

6. Azores: In the middle of the Atlantic, nine small islands surprise with their absolutely stunning landscapes. The Azores are an archipelago of rare beauty, full of tradition and history, with plenty of leisure activities for the whole family, both at land and sea. In Sao Miguel, the largest island and home to the capital Ponta Delgada, you must visit the incredible volcanic lakes of Sete Cidades, Fogo and Furnas.

7. Madeira: Madeira is a green oasis, with incredible natural beauty, right in the Atlantic Ocean. With two-thirds of its landmass, a protected area and the largest Laurissilva Forest in the world, a world heritage site, flowers and exotic fruits abound here all year round, thanks to the almost tropical climate. Those who enjoy outdoor activities and different degrees of challenge in walks along the levadas (old irrigation canals) or mountain trails that open out into lush landscapes and unique biodiversity will find the perfect destination here. The capital, Funchal, has an interesting history linked to the days of the discoveries and holds various events throughout the year, such as the Madeira Flower Festival, Carnival and the always spectacular fireworks that mark the beginning of the New Year.

(Edited by mid-day online desk, with inputs from ANI)

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Tripura to develop tourism around sick tea gardens, export pineapples




The new BJP-led government in Tripura is keen to boost employment in the state by encouraging tourism around sick tea gardens and boost income of farmers by exporting an exquisite variety of pineapple to Dubai and Hong Kong.

Officials said that hotels, motels, restaurant and lodges will be created near sick tea gardens to encourage tourists to visit and stay there.

"These tea gardens, which are not doing too well in terms of business, are located in serene environment and are surrounded by natural beauty. Once infrastructure is created, tourists are sure to visit these places. It will help create local employment besides helping tea gardens market their produce," an official said.

He said the state government is keen to make Tripura famous within and outside the country for "queen" pineapple.

The Tripura Queen pineapple got the GI tag in 2015.

Officials said that production of queen variety of pineapple, known for its pleasant aroma, sweet taste and golden yellow colour, has faced some constraints as producers do not get a very good price owing to their facing problems in export.

"We have now decided to tap international market for this pineapple variety and have identified Hong Kong and Dubai as prime destinations for export. We are sure that the queen variety will establish itself in the international market due to its sweetness and unique aroma," an official said.

He said that transport arrangements have already been put in place for export of the pineapples and the state government has set an ambitious target.

"The purpose is to ensure that the farmers get double the price of their product. Today they are getting about 15 per pineapple but if their product is sold in foreign countries, they would get double the price of their produce," the official said.

Tripura Chief Minister Biplab Deb told IANS over phone that his government has taken various measures to boost agriculture and tourism sectors.

"Tripura has immense potential in agriculture and the tourism sector but it was not utilised in 25 years of CPI-M rule. We will make Tripura a world class tourism destination and would ensure that the farmers of the state get proper dues for their produce," he said.

"We are taking various measures. We are focusing on branding of some of our special produce. We are talking to every stakeholder and also trying to get into foreign markets," he said.

Deb said the steps are in line with the NDA government's efforts to double the farmers income by 2022.

Officials said that productivity of pineapple in Tripura at 18.73 tonnes per hectare is higher than the national average of 15.80 tonnes.

They said that people know about Assam tea and Darjeeling tea but Tripura, despite having special variety of tea leaves, has not been able to earn a similar reputation.

Tripura has a history of tea plantations going back to 1916 but these suffered during the spells of insurgency in the state. Some tea gardens have also faced problems related to infrastructure, modernisation and management.

The officials said that decisions to boost employment through tourism and agriculture export is in line with the BJP's pre-poll promises.

The party had assured to establish Directorate of Tea Gardens for scientific development of tea and facilitate the socio-economic development of tea plantation workers.

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Culinary experts on Khichdi's rich, comforting legacy

Union Minister of Food Processing Harsimrat Kaur Badal had to clear the air after reports suggested that khichdi was to be India's national dish. Culinary experts lift the lid on its rich, comforting legacy

Pushpesh Pant, Food historian and author
The first mention of khichdi is in the Vedas as kshirika. Years later, Al Bernini circa 1,000 AD called it the staple diet of India. So yes, it is already a national dish. Milestone versions are Birbal ki Khichdi, which has an apocryphal story about a dish that was made in Emperor Akbar's kitchen when his son, Salim, came home after conquering Gujarat.

Made of dry fruits and meat, it was a metaphor that Salim had "devoured" Gujarat, where khichdi was consumed. On the other hand, the Anglo-Indians made Kedgeree, with fish and eggs. In south India, Pongal is a version of the same dish.

Also read: India sets Guinness world record with 918 kg khichdi

In Puri's Jagannath temple, and in Badrinath, it is served as a prasad, but it is important to note it is not a vegetarian dish. We have some excellent meaty varieties like khichda (thick paste of beef, lentils and spices) and shola khichda (mince, rice, dal and vegetables).

Kurush Dalal, Food historian and archeologist
Both dal and rice have been part of the paleo-botanical records in archaeological excavations for the last 4,000 years. The question is: Were they cooked together? Was this eaten where both were grown? The answer is, khichdi is a generic term, and can be made with different grains.

While the dal is a critical component, there is no specification of the type. It can be tuvar, masoor, mung or chana dal. Rice, jowar, bajra, wheat and cracked wheat are options for the 'cereal' part. There are dry and wet versions. The urban version, cooked separately, is called dal-khichdi. It's the saviour dinner of single men.

Ashish Chopra, Delhi-based culinary historian
Two words describe it: soul food. An amalgamation of ingredients makes it a wholesome dish, which can have pulses, rice, vegetables and meat. The Angami Nagas call it galho. It is a pork version with greens, lentils and rice. In Mizoram, they call it sawchair. Just the way we say, life ki khichdi ho gayi, the dish is really about order from ingredients that are full of disorder.

Also read: Khichdi won't be named 'national dish', Harsimrat Kaur clarifies

Rajasthan has a muttony bajra-based soita, while Male in the Maldives has a prawns, lentil and rice preparation called Maltai. The masai of Kenya and River State, Nigeria - an area known for its spices and fish - make a fish sauce soup with rice, which is, in desi terms, a khichdi.

Also read: Khichdi to be branded India's national food on November 4

Mohsina Mukadam, Food historian and head of history department, Ruia College
The ingredients have remained the same since its first mention in the Vedas. While Emperor Akbar's kitchen is known for its khichdi, even Jehangir loved the Gujarati-style khichdi called Laziza (which means tasty), and Aurangzeb preferred a keema version. It was the best option to be cooked as prasad as it could end up feeding a large group without hassle.





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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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A BBC radio show proves proves Mumbai's arts' scene is nothing short of buoyant

On the stage at the majestic Royal Opera House, artistes take their seat in a semicircle for what is an unusual gathering. At the centre is British radio and television presenter Nikki Bedi, who, along with familiarising her guests with the flow of the show is also breaking the ice between participants. They are here to record The Arts Hour, a BBC radio production that goes on a tour once a month to capture the best in arts across the world. The Mumbai edition airs today.


Actor Bhumi Pednekar (with Nikki Bedi to her right) calls out the boors behind Padmavati protests. Pics/Pic/Bipin Kokate

In the city on the evening of November 22, the researchers have picked six artistes who they feel best represent the dynamic cultural scene of the city. Flanking Bedi are film critic and director of the Mumbai Film Festival Anupama Chopra, and actor Bhumi Pednekar. Seated next to them are stand-up comedian, screenwriter and novelist Anuvab Pal, and Shamir Reuben, head of content and social media at the spoken word collective, Kommune. On either side of the stage, fine-tuning their arrangements are the popular Hindi rock ensemble Anand Bhaskar Collective and pop duo from Kolkata — with a big fan following in Mumbai — Parekh & Singh in signature fruity suits. "The show is a way of seeing a people and their culture, and understanding their politics and issues through the prism of art. Stand-up comedy and spoken word are burgeoning fields in Mumbai. There is also a sea change in the kind of subjects that Indian cinema is choosing. Issues like sanitation, erectile dysfunction and fat shaming are not just making it to film, they are also managing to attract audiences into theatres," says Bedi about why it was a good time to come to Mumbai.


Nischay Parekh readies to perform the band's hit song

For this edition's research, Bedi, who was born a Moolgaokar and has roots in Mumbai, played the fact checker for producer Nicki Paxman along with providing other insider inputs. A regular feature of the show, The Culture Cab, involves the presenter hailing a cab with an artiste who then takes her around the city to explore it like a local. Though her Mumbai guide was Pal, with whom she explored the splash of global colours at the ongoing Sassoon Docks art project and the murals of Bandra, Bedi shared her favourite part of the city with him, too — Walkeshwar's Banganga.

Throughout the recording that lasted two and a half hours, the team's homework kept the conversation alive and relevant. Bedi, a natural at hosting, puts her guests at ease. It comes across in Pednekar's candour, who minces no words when asked about the ongoing controversy around Padmavati. "You know, these are people who don't give a s**t about history," she says, a word Paxman gets politely replaced at the end of the show with the milder "damn". Bedi then moves on to ask Pal and Reuben if comedy and spoken word have become popular for similar reasons and how social media has played a part. With artistes as guests, each segment packs in a performance. While Pal's jibes about SoBo residents have the audience in splits, Reuben's poetry moves many to tears. Vocalist Nischay Parekh of Parekh & Singh shares the inspiration behind their music video with a million hits, I Love You Baby, I Love You Doll, before performing it, and Anand Bhaskar shares why all his compositions are in Hindi before segueing the show to its end with a rendition of Fanaa.


An audience member comments about the need to see more everyday people in films

Rahul Baswani, who came to know of the show through Pal's tweet, is happy to have made it in the audience. "I listen to a lot of podcasts. So, the most fascinating bit for me was towards the end when they did the retakes," he says. In the green room, mutual understanding and fandom fill the air. "At the end of the day, we are all artistes, and we could feel the synergy and a shared language throughout," says Parekh, who has just promised Pal that he'll be there for his Kolkata gig the next day, even as Pal admits that the music duo is everything he would have wanted to be as a 27-year-old.


The sound engineers at work

Chopra, on the other hand, is happy that the show recognises the power of Indian cinema and how it is evolving. "Outside India, there is a fixed notion of what Bollywood is. But there is a different language [spoken] now, which most people don't know of. I am hoping that the show will communicate that." For Reuben, it has been a platform for artistic exchange. "The beauty of tonight was people might have come to watch comedy and they learnt a bit about spoken word. Or that they wanted to hear a poem and they left with music," he says. "For the BBC to say that there is something stirring in Mumbai is a statement."





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This year, Dhaka Art Summit is set to address contemporary issues of Bangladesh


Studies in Form-Akbar Bhavan-20 from a series of cyanotype prints by artist Seher Shah and photographer Randhir Singh

A Summit can be anything you want it to mean, and we re-define it every time. Just when you think you have figured it out, we alter our course. You might think you know what the 2020 Dhaka Art Summit might look like, but we hope to add further surprise," says Diana Campbell Betancourt. At the age of 33, Betancourt is the third time artistic director of one of Asia's most important art events, the Dhaka Art Summit, set to open on February 2. Betancourt, who used to be based out of Mumbai, has been at the fore of bringing contemporary voices in art from Asia to the biennial event, which is now in its fourth edition. Joined by guest curators, Betancourt has brought over 300 artists across 10 curated exhibitions. We ask her what's different this time. Edited excerpts from the interview:

Bangladesh as centre
2017 was an important year as it marked 70 years of independence for both India and Pakistan. In 1947, however, what is now Bangladesh was still effectively a colony of Pakistan. Usually viewed as the poorer younger brother of these two countries, we saw the need to put Bangladesh back at the centre of its cartography. We want to shift the narrative away from India-Pakistan. We are looking at the trade and cultural connections that Bangladesh had with the Middle East and Southeast Asia, rather than only looking at South Asia. There are fewer Indian artists this time around, and we have more artists from Thailand and Myanmar and Singapore as we've shifted our focus further east. The Summit is not a nationalist exercise, so we are able to address the slippages across borders. We are also exhibiting one of Mrinalini Mukherjee's hemp sculptures in Bangladesh for the first time, through the support of the Kiran Nadar Museum of Art and the Mrinalini Mukherjee Foundation, which draws connections to Bangladesh via the jute and textile trades which interlink its history with the rest of the world.


Diana Campbell Betancourt. Pic/Noor Photoface

Making more room
This time we have extended the Summit from four days to nine. There was a lot of local demand the last time. We saw 1,38,000 visitors in 2016. This year, we have split the weekends for different kinds of crowds.

Special focus on Sri Lanka
We believe that just as Bangladesh is left out of global dialogue, Sri Lanka is even more excluded. The show, titled One Hundred Thousand Small Tales, is curated by Sharmini Pereira, and has 40 artists right from the 1940s to the present.

Headed in the right direction
The Solo Projects section, which used to invite commissions from leading artists in the region, is replaced by Bearing Points. I felt that the Solo Projects didn't intellectually tie together everything we do in the Summit. The exhibition is curated by me, and the title refers to a compass, to a map that helps you orient yourself to lesser explored transcultural histories of the region.

Going back to school
The Summit has always been known for its workshops. This edition will have a free art school, with sessions conducted by artists such as Rashid Rana and Dayanita Singh, among others. It will be right at the middle of the summit, emphasising that culture is a key part to keeping people secular.

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New manual charts out route for LGBTQ community to navigate the legal framework


(Left to right) Vidhi Legal members Namrata Mukherjee, Nitika Khaitan and Nivedita Saksena. Pic/Ajay Gautam

The legal framework in India has often posed many a problem for members of the LGBTQ community. Some regulations are being changed, and certain implementations are underway. But, taking into account the slow pace of change, a new manual helps members of the queer community navigate the lacking legal regime, as it exists currently.

The manual deals with identity documents, violence, education, health and personal finances. It is the brainchild of Vidhi Centre for Legal Policy, a Delhi-based think-tank conducting legal research assisting the government to make better laws. Namrata Mukherjee, a core member of the team explains, "Legal change will only come slowly; meanwhile, it is important to spread awareness on how queer community can access its rights, working around the law that's already in place." Pallav Patankar, former director of programmes at Mumbai's The Humsafar Trust, India's oldest LGBTQ organisation, scrutinised the 112-page manual. While he's appreciative of the initiative, he outlined certain critical insights to us which we got Vidhi Legal to respond to.


Pallav Patankar. Pic/Pradeep Dhivar

Trans women having two PAN cards - male and female - which is illegal
"This is because of the (hitherto) missing option of transgender, on the PAN card application," says Nitika Khaitan, another core member. "As of three weeks ago, that option has been introduced. Now you can reapply with the gender of your choice."

The manual seems to be critical about the concept of Aadhaar...
"Aadhaar has been at the centre of controversy mainly due to privacy concerns. Because privacy is intrinsic to this community, it's important to flag this. We are in no way influencing the debate," says Mukherjee. The manual states clearly that Aadhaar does not require people to verify their gender. "You are supposed to be able to put the gender of your choice. The implementation of this, of course, depends on the concerned on-ground officer," she adds.

Discrimination in school addresses the transgender issue and not sexuality
"There's very little by way of government policies that addresses the issue of discrimination at the school level. While UGC guidelines for trans students are there, there is no such thing with regards to sexuality," says Khaitan. The manual is addressed entirely to those above 18 years of age. "Underage boys and girls often face problems related to violence, healthcare, emotional abuse and discrimination in educational institutions. This is one area where we have not been able to find a solution," she adds.

The listed steps while procuring a voter ID are not followed by officials
Mukherjee says, "We have heard several complaints related to this. One tactic could be to take a copy of the NALSA judgment (National Legal Services Authority vs Union of India) that recognises the fundamental and civil rights of transgender persons, and present your case to the officials on ground. Another option is to approach your local MP and get him to write a letter on your behalf which you can take to the electoral photo ID centre and then mark the gender of your choice. You must also carry the gazette notification that says you've changed your name and gender. But, the success of these tactics depends entirely on the attitude of on-ground officials."

The chapter on health is from an academic perspective on health, gender dysphoria and gender affirmative therapy. What is the legal connect with India?
"There isn't a connect. There is nothing in our legal framework that regulates gender dysphoria or gender therapy. Because the queer community always encounters discrimination or harassment when they approach healthcare service providers, we have outlined general remedies that would be available to them under medical negligence laws, HIV Act; specific provisions that address discrimination that not many know of," says Khaitan.

Some suggestions in the manual seem to apply only to the digitally literate
Mukherjee says, "We are cognisant of the fact that access is determined by class. The idea of the manual is to reach grassroot LGBTQ organisations that will be able to disseminate the manual more effectively. This could be a tool that they can hopefully rely on while trying to access justice. We are also getting the manual translated into five regional languages." Add to this, the first chapter on identity documents is being recorded as a Hindi podcast. "We hope to publish it on social media, so that people can easily access it on WhatsApp etc."

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Mumbai based experts list tips to eat safe during summer



Food tends to spoil more quickly during the summer. It is important to pay extra attention to your food and look for unusual odour and mould before consuming it, say experts. Indrayani Pawar, team leader, dietitian team, Hinduja Healthcare Surgical and Varsha Gorey, clinical nutritionist, Apollo Hospitals, Navi Mumbai, suggest some tips:

1. Which foods spoil quickly
Foods with high moisture content and protein-based foods are easy targets for micro-organisms. Milk and milk products, raw and cooked meats and vegetables are more prone to spoilage compared to dry food items. Foods that are high in sugar, or salt or with high fat or oil content in contrast don't spoil quickly because these act as preservative agents.

Storage becomes important here - low temperatures serve to preserve these food items. One must ensure food is not kept outside for long periods of time.

2. How to identify bad food?
Spoilt food has a telling smell. Quite often, food items that look fine on the outside have mould or fungus growing inside which people don't notice. It is always better to check the food for any unusual odours and open the food item to check for unusual signs, such as stringy threadlike growth. Dairy based Indian sweets are more likely to spoil quickly compared to dry fruit and nuts based, pulse and flour based or dry coconut based sweets.

3. Eating well during the summer
Seasonal fruits and vegetables are always the best option in their respective seasons. In order to quench thirst in summer, fresh fruits and vegetables should be consumed (as they are also good in antioxidants, vitamins and minerals). Smoothies with curds, or simple buttermilk are better options than fizzy or cold drinks. Curd will help to soothe the stomach by providing probiotics and easy to digest proteins.

4. Eat safe while traveling this summer
If you're travelling long distances during the summer, it is best to carry dry foods. Nuts and oil seeds, roasted chiwdas, roasted makhana, multigrain khakaras and chikki are some examples. Kokum sherbet, aam panha, nimbu pani, buttermilk and lassi are also great for the summer.

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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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Is it worth going the gluten free way? Fact or just a fad

Representational picture

Now days, a gluten-free lifestyle has become one of the most popular diet trends in the market. Every shop/ mall has set of foods stating 'gluten free food'. The demand for these gluten-free foods is increasing. In order to understand the gluten free food trends taking place in the market it is important to understand gluten.

Gluten is a protein found in wheat, barley, rye, oats and their derivatives. Some people are found to be sensitive to gluten and show mild symptoms of intolerance such as chronic diarrhea and vomiting. Celiac disease is associated with an allergic reaction within the inner lining of the small intestine. The linings of the small intestine are destroyed by inflammations caused by the immunological reaction with gluten.

Dr Pradeep Gadge, Diabetologist, Gadge Diabetes Centre, says, "Gluten free products have been around for years suffering from celiac disease. However, the demand has now widened beyond medical needs. The food market started to grow beyond people who were just needs based and into a lifestyle choice. As many people think gluten-free diets are healthier and are giving up gluten to lose weight. It’s basically a fashion. Another common belief that gluten-free diets are healthier (and a growing availability of alternative breads and grain products) are also driving the trend. Gluten-free products have turned from being medicated products for gluten intolerant people to a lifestyle choice. Gluten-free foods are gaining popularity partly because manufacturers and marketers are aligning new product developments with other emerging trends in the food market. These trends include use of plant proteins and grains like quinoa."

There are many celebrities who follows fad diets for weight loss and people are just following them without knowing the medically reason. People want quick fixes, and diets are frequently used as a quick fix for issues. There are many restaurants and café where gluten free foods/dishes are available, and people are following that thinking it’s a low fat and healthier. But that is not true a gluten-free dish may contain a lot more butter or oil, and that is not healthier. It is always better to consult a qualified dietician or nutritionist before starting a diet.

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Twitter shutting down most of its TV apps: Report

After killing off apps used by a minority of its userbase including the "Twitter for Mac", the micro-blogging site is shutting down its TV apps on Roku, Android TV and Xbox from May 24.

"On Thursday, May 24, Twitter for Roku, Twitter for Android TV and Twitter for Xbox will no longer be available. To get the full Twitter experience, visit https://twitter.com on your device or desktop," the microblogging website tweeted.

This is due to the dismal feedback that users gave because these Twitter apps did not allow them to tweet from their account or fully interact with the Twittersphere in general, The Verge reported.

A report in Tech Crunch, however, said that Twitter has made the decision to kill off these apps as the micro-blogging platform works towards GDPR compliance.

"In addition, neither Xbox or Roku support a standard regularly supported video player, which made them more difficult to maintain. That also came into play with this decision," the report said.

As compared to other TV apps like Netflix, Twitter lacked on the "exclusive video content" front as well.

Twitter for tvOS (Apple TV) and Twitter for Amazon Fire TV will continue to be available.

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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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New start-up in Mumbai offers private, lockable and secure self-storage units


Ameya Davda and Devak Davda at the Sewri facility. Pic/Datta Kumbhar

If there is one problem that most of us perennially face in our daily lives, it is the lack of storage space. But, one man's problem could well be another man's opportunity. Entrepreneurs Ameya Davda and Devak Davda's startup, Space Valet, is a case in point. Their recently launched service aims to be a one-stop storage solution that offers private, lockable and secure self-storage units of various sizes to stash your belongings.

Home away from home
"Think of it as the sophisticated spare closet or stock room you've always longed for in Mumbai," says Davda who along with his cousin Devak came up with this idea when they returned to India after completing their studies abroad. "I was in California and Devak in London, and while we were there, we learnt how popular cell storage is among people. It's a 60-year- old concept and almost a 40-billion dollar industry," he adds. On returning to Mumbai, Davda teamed up with his cousin to launch the startup which they felt would be a good fit in an overcrowded city. They then conducted a survey to find out if people would avail of a service like this. "People are always on the lookout for additional storage space, more so in Mumbai," he says. The top reasons for self-storage rental, he observed, was the lack of storage space at home, temporary storage while moving, and storing things people don't want or need. The most popular things being stored are wedding outfits and furniture.


A walk-in closet

How it works
The process is simple. You either call up the facility or browse the website and find a suitable storage plan. You then order as many boxes as you need, and then pack and label your belongings. "You don't need to move a finger. Our tie up with Movers and Packers ensures a pick-up facility. When you want your stuff back, go online and click on the tab to recall the boxes," he explains. The plan starts from R299 a month and goes up to R11,000. Storage options range from boxes to a large store room. The key to the storage lies with the customer only. Cleanliness and security are common concerns among customers, according to the results of their survey. The facility, therefore, has a designated person to solely look after the cleanliness of the storage space. There's also a 24x7 security and surveillance to keep the goods safe. "We maintain the right kind of environment so that your possessions don't deteriorate over time," he says. Now, the big challenge for the duo is to popularise the concept. "We want to educate people that this is a viable solution to your space crunch."

Where: www.spacevalet.in
Price: Rs 299 onward
Call: 9930832832

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Green Humour: Comic Strip By Rohan Chakravarty

Missed out on last week's Green Humour? You can read it here.

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Sunday Cartoon: Cyrus Daruwala Presents - Zal

Missed out on last week's Zal? You can read it here.

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3 musicians to wear jeans and tees at Hindustani classical music concert


Ojas Adhiya, Nandini Shankar and Abhishek Borkar are poised to strike a chord with young urban listeners in Mumbai

For most youngsters, unfamiliar with Hindustani classical music, 'serious', 'formal' and 'boring' are popular adjectives used to define the genre. For as long as we can remember, Hindustani classical, that has given the world several legends, has been performed in sprawling auditoriums — there's not just discipline in the music, but in the attire and in environment as a whole. How would it be then, to see classical being performed in casuals? Turns out, that's not an outrageous thought anymore. First Edition Arts, a Mumbai-based performing arts company is poised to topple status quo with the sole aim of gathering more young, urban listeners. Under a musical series called Come Together, three young Hindustani classical musicians, will slip into casuals and perform for an audience gathered at Cafe Zoe. Starting June 10, this will be a regular series, one in every quarter. While the setting is all-new, the music won't take the fusion route. The first series will feature Abhishek Borkar on the sarod, Nandini Shankar on the violin and Ojas Adhiya on the tabla. The trio will present an instrumental concert in both solo and duet sets.

Catch them young
"When younger musicians try to strike a rapport with young listeners they take the fusion route. We are saying, you don't have to. This music is so exciting on its own, that the young can be hooked," says Devina Dutt, director, First Edition Arts. Six months ago, they had organised something similar at antiSOCIAL at Khar as an experiment, and they were sold out. "We weren't sure of what to expect. But it was a success." That gave them the impetus to take the idea on a larger scale. "The first two sets will be the sarod and tabla. In the third set, Abhishek will invite Nandini to jam with them on stage. The concert will span a little over an hour — not the standard two-and-a-half-hour performance. Young people haven't even heard classical music and they have discarded it. All we are trying to do, is give them a sense of how exciting and rigorous it is. But, in a short dose," Dutt says.


Abhishek Borkar

The protocols will be relaxed too. The bar will be open before and after the concert, and for 20 minutes during the interval. Food and drink services will be terminated during the performance, but, once served, guests can continue with their meal at their tables. "There was no sense in locating it in a space like this and sticking to the rigidity. But, at the same time the character of the music does require attention, it's not the kind that you can hear in the background," she adds.

Break the rules
Ever since the posters of the concert went out, a lot of Shankar's friends and followers on social media have shown interest. The posters, with their vibrant colours and friendly fonts, could well be mistaken for one for a standup gig. "Any new genre is an acquired taste. Over the last couple of years, I have noticed an increase in my young audience. Young listeners are always looking for something new and because most of them have not heard classical music, it is novel to them. If they are exposed to it, they will enjoy it," says the eighth generation violinist. The set-up, she believes, needs to change because "it is important that it appeals to you at first go. That's why the colourful posters. We need to speak the language they understand," adds the 25-year-old. After the concert, the audience can interact with the artists as well. "The milieu becomes more relatable, it's like hanging out with friends. That becomes easier when the age groups are similar. We want to connect on a personal level. In fact, that's the bit I am really looking forward to," adds Shankar.


Nandini Shankar

Tabla ace Adhiya would love to do a Q & A with the audience as well. "That way we can reach out to them and explain what classical music is all about. If they know a few things, they can enjoy it more. And it will all be done in an informal manner," says the 30-year-old who made it to the Limca Book of World Records as the youngest tabla player at the age of 4. Borkar points out that traditionally, Hindustani classical has always been somewhat "intimidating".

"It can appear too proper, rigid and posh, with its sherwanis and bandhgalas. Sometimes I feel even the artists themselves enjoy this air of exclusivity that further distances them from the audience," says the 25-year-old sarod player, adding that he was thrilled about the prospect of performing in casuals. "That's what I wear when I practice or record in a studio. So, why not at a concert? We are even thinking of getting some people to sit on stage if possible," he adds.

Distraction not a concern
The trio believes that the music will be enough to keep people from getting distracted. "It's a new thing for them too, to experience this kind of music in the given setup. And if someone is quietly eating and drinking at their table, that should not bother me. In the olden days, there would be baithaks in people's homes, where classical concerts would be performed. It's the same concept," Adhiya says. Spontaneity will be the key on D-day; the artists will reach the venue, gauge the crowd and accordingly choose the raagas. Borkar says, "I love getting people interested in an instrument they have not seen or heard before. The idea is that if they don't come to our concerts, why don't we go where they hang out? And just because it's unusual that doesn't mean it's wrong."

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Three Mumbai photographers explain the art behind the perfect candid click


Anand Ahuja and Sonam Kapoor

Remember when a "candid" photograph at a wedding meant pictures of the couple and guests stuffing their faces with food? Well, thank God, that seems to have changed. If the recent celebrity weddings — Sonam Kapoor and Anand Ahuja's, or Virat Kohli and Anushka Sharma's, or even Meghan Markle's with Prince Harry — are anything to go by, awww-inducing candids are here to stay. Did we all not drool on those candids from #everydayphenomenal, as the Kapoor-Ahuja wedding was branded on Instagram? We spoke to three photographers who explain the art behind the perfect candid.

'Never doctor a moment'
Anand Rathi, who along with his team at Reels & Frames, is the one who showed us perfect moments from #Sonamkishaadi. Rathi has won several awards globally, and is seen as one of the pioneers of 360-degree wedding films. He says that the photographer has to learn the art of being invisible, and still be omnipresent. "The toughest part is to not stand out but still roam around freely. So we stick to the dress code of the wedding," he tells us, adding that he never likes to over-dose on flash.


Anand Rathi

"You can't doctor a moment. If you missed that perfect moment when the bride smiled at the groom, it's okay. Just be ready to capture the next one." His favourite moment from the Kapoor-Ahuja wedding was when Anand kissed Sonam on the cheek. "Nobody asked them to do that!" In the end, Rathi says that photographer needs to be ready with his equipment, but also a smile. "People always respond to friendly faces."

Log on to reelsandframes.in

'It's not our job to gather people'
THE most important thing to do is get comfortable with the bride and groom. You need to understand them, but even they should know that when they are hiring me, they will get an artistic style, and they need to be okay with that," says Monisha Ajgaonkar, founder and director, The Photo Diary.

The photographer, who has been popular on the on the wedding circuit for a while now, is known for her edgy and different pictures. The JJ graduate started out by shooting a concert she attended to impress a girl she had a crush on, and then diversified when she photographed a friend's wedding.


Monisha Ajgaonkar

"We get all the main shots as candids; we don't really do the 'posey' pictures — a we are not there to gather people around. That's not candid!" Her favourite shot in recent times was when she shot a bride dressed in a Cindrella gown in Kodaikanal. "She was just walking, and I said stop. And, it was perfect!"

Log on to thephotodiary.net

'It's like catching a fish — A hit or miss'
Nikhil B of Tell-A-Tale Studios feels that a good candid is a culmination of many points. "You need to know fashion photography, and also be well-versed with a documentary style. You need to have knowledge of product shots, and how light works. It all looks effortless but a lot of work goes behind it."

Tell-A-Tale was founded by Nikhil and photographer Mamta Kalambe, both visual artists who specialise in wedding photography along with making food videos. Nikhil says that taking the perfect candid is like going fishing — you may get a great picture or you may end up with nothing.


Nikhil B

"It's a hit or miss. The main thing is to remain aware at all times, keep watching without intruding. It's like ice hockey terminology — always have your sticks on the ice. Be ready." His favourite shots are taken usually during the time of varmala, because as he says, he loves "capturing the emotion and excitement that comes when the garlands
are exchanged."

Log on to tell-a-tale.in





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'Firewall' for smartphones may protect your privacy

Representational Image

Scientists have developed the first ultrasound-firewall that can prevent hackers from eavesdropping on hidden data transmission between smartphones and other mobile devices. The permanent networking of mobile devices can endanger the privacy of users and lead to new forms of monitoring.

New technologies such as Google Nearby and Silverpush use ultrasonic sounds to exchange information between devices via loudspeakers and microphones. More and more of our devices communicate via this inaudible communication channel. Ultrasonic communication allows devices to be paired and information to be exchanged.

It also makes it possible to track users and their behaviour over a number of devices, much like cookies on the Web. Almost every device with a microphone and a loudspeaker can send and receive ultrasonic sounds. Users are usually unaware of this inaudible and hidden data transmission.

Researchers from the St Polten University of Applied Sciences in Austria has developed a mobile application that detects acoustic cookies, brings them to the attention of users and if desired, blocks the tracking.

The app is, in a sense, the first available ultrasound-firewall for smartphones and tablets "The most challenging part of developing the app was to devise a method that can detect different existing ultrasound-transmission techniques reliably and in real time," said Matthias Zeppelzauer, who led the project.

Such ultrasonic signals can be used for so-called "cross-device tracking". This makes it possible to track the user's behaviour across multiple devices, and relevant user profiles can be merged with one other. In this way, more accurate user profiles can be created for targeted advertising and filtering of internet content.

Unlike their electronic counterparts when visiting web pages, up to now it has not been possible to block acoustic cookies.

"In order to accept voice commands, the mobile phone microphone is often permanently active. Every mobile application that has access to the microphone, as well as the operating system itself, can at any time without notice: activate the microphone of a mobile device, listen to it, detect acoustic cookies and synchronise it over the Internet," said Zeppelzauer.

Users are often not informed of this information transmission during ongoing operation. Only a permanent deactivation of the microphone would help, whereby the device as a telephone would become unusable. Researchers developed a procedure to expose the cookies and inform device users. For masking and blocking the ultrasonic data transfer, interference signals are transmitted via the loudspeaker of the mobile device.

Thus, acoustic cookies can be neutralised before operating systems or mobile applications can access them. Users can selectively block cookies without affecting the functionality of the smartphone. The masking of the cookies occurs by means of ultrasound, which is inaudible to humans.

"There is currently no technology on the market that can detect and block acoustic cookies. The application developed in this project represents the first approach that gives people control over this type of tracking," said Zeppelzauer.

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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.

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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.