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Designers are now making fashion face masks and people can even buy a Billie Eilish one

A raft of fashion labels are now making non-medical masks to sell to consumers, including band t-shirt maker Bravado, which has made Rolling Stones, Queen and Ariana Grande versions.




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Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv

The aspect of the technology that interests Target is its ability to pool multiple orders and route them to a similar place, NBC News reports.




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Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.




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European stocks that you should be buying

Mebane Faber, CIO at Cambria Investment Management, explains why he thinks stocks from Greece, Ireland, Russia and Spain are more attractive than U.S. equities.




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Buying property with bitcoins

CNBC's Mary Thompson reports on bitcoin's biggest transaction thus far: a luxury villa in Bali.




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Stutland: Would rather buy the oil producers themselves than trust the commodity futures contract or ETF

Brian Stutland of Equity Armor Investments discusses the complexities of trading directly in the commodities market, especially with ETFs that track oil futures contracts.




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Morganlander: Would be a buyer in the markets right now of higher quality companies

Chad Morganlander of Washington Crossing Advisors discusses the factors behind the market's snap-back in April, and which stocks could continue to lead during the uncertainty from the virus pandemic.




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Serhant: Buyers are starting to come back to the New York City real estate market

Ryan Serhant of The Serhant Team and Nest Seekers International, and cast member on Bravo's "Million Dollar Listing NY," discusses the state of the New York City real estate market, and how residents are waiting out the pause caused by the coronavirus pandemic.




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Cramer's lightning round: Wait for Raytheon to go lower and then buy

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.




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'I think Reynolds is attractive' — Jim Cramer makes buy call on newly public consumer goods company

"I recommend putting on half your position here, and then wait and buy more if it pulls back below $30 after the earnings," the "Mad Money" host said.




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El-Erian lifts his don't-buy-the-dip warning for pros, but says most investors should still wait

"If you are a long-term investor, I would wait," economist Mohamed El-Erian said. "If you're a short-term tactical investor, there's a lot of opportunities out there."




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Afraid to buy into this market? A key 2008 financial-crisis moment isn't reassuring

It takes the market time to digest shocks. How investors reacted in months after the Lehman Brothers bankruptcy in 2008 offers a window onto why some remain reluctant to buy stocks.




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Buyers appear to be 'calling the bottom' in the JETS airline ETF, market analyst says

As airline stocks tumble, investors in the U.S. Global Jets ETF (JETS) seem to betting on a further bailout for the group, says market researcher Dave Nadig.




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Egyptian billionaire Naguib Sawiris sees oil at $100 in 18 months, says he would buy airlines

Egyptian billionaire Naguib Sawiris said he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all airline stocks at the firm's annual meeting on Saturday.




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Cramer says GE 'deserved to rebound', but still won't buy it

Jim Cramer says now may not be the time to buy shares of General Electric despite a recent upgrade from a key analyst.




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Cramer: GE 'deserved to rebound' on Tusa upgrade, but I still wouldn't buy the stock

Jim Cramer says now may not be the time to buy shares of General Electric despite a recent upgrade from a key analyst.




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CVS Health first-quarter revenue rose 8% as customers rushed into stores to buy essentials; shares up

The drugstore chain's stores have remained open as an essential retailer during the coronavirus pandemic, and it's also opened drive-thru testing sites.




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Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump

Peloton's revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home during the coronavirus pandemic.




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'Buyer beware' at this point — it's going to be a grind from here, strategist warns

Hani Redha, multi-asset portfolio manager at PineBridge Investments, discusses investing amid the coronavirus crisis.




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German court ruling on ECB bond buying 'laughable,' Societe Generale chair says

Lorenzo Bini Smaghi, chairman of Societe Generale and former member of the ECB's executive board, discusses the German constitutional court's call for the European Central Bank to justify its bond-buying program.




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Stock buybacks: We need a new litmus test after the bailouts

A government bailout of companies due to the coronavirus has led to criticism after a record decade of stock buybacks. Companies that can't manage cash flow deserve the attacks.




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German court says the European Central Bank now needs to prove its bond buying is needed

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.




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Regulators want to make it easier for Americans to buy risky investments

The SEC proposed a rule that would expand the pool of so-called accredited investors, who are permitted to buy investments such as private equity, hedge funds, venture capital funds and stock in start-ups.




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Mike Bloomberg takes aim at Trump in Super Bowl ad buy

Mike Bloomberg is taking aim at President Trump with a TV ad buy that could be worth $10 million. Bloomberg's plan to run an ad during the National Football League's most watched game of the season comes as he focuses his attention on the delegate-rich Super Tuesday states. Their primaries are scheduled for March 3.




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Why advisors encourage these older investors to buy more stocks

Just because you're approaching retirement doesn't mean you have to shy away from stocks. Financial advisors discuss why it may make sense for investors to step up their equity allocation — particularly if they can count on pension income.




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Microsoft Surface Pro 7 review: the best Windows 10 tablet PC you can buy

USB-C completes top Windows 10 tablet with great screen, design and kickstand, plus latest Intel chips

The Surface Pro 7 is an update of the excellent Surface Pro 6 with new processors and, finally, a USB-C port.

That means the design of the new Surface Pro 7 hasn’t changed since the 2017 Surface Pro 5, with Microsoft taking an “if it ain’t broke” approach. It’s competitively priced at £699 and up – but you have to pay at least £125 for the keyboard if you want one – which annoyingly is not included in the standard price.

Screen: 12.3in LCD 2736 x 1824 (267 PPI)

Processor: Intel Core i3, i5 or i7 (10th generation)

RAM: 4, 8 or 16GB

Storage: 128, 256, 512GB or 1TB

Graphics: Intel UHD (i3) or Intel Iris Plus (i5/i7)

Operating system: Windows 10 Home

Camera: 8MP rear, 5MP front-facing, Windows Hello

Connectivity: Wifi 6, Bluetooth 5, USB 3.0, USB-C, headphones, TPM, microSD

Dimensions: 292 x 201 x 8.5 mm

Weight: 775 or 790g (i7 version)

The Surface Pro 7 ships with a standard version of Windows 10 Home with device encryption

The tablet no longer supports on-screen interaction with Microsoft’s Surface Dial accessory

Pros: great screen, good battery life, brilliant keyboard (essential additional purchase), microSD card reader, excellent kickstand, Windows Hello, solid build, easy to carry, USB-A and USB-C

Cons: no Thunderbolt 3, fairly expensive, keyboard should be included, Core i7 version fans are more audible

Microsoft Surface Pro X review: not yet ready for prime time

Microsoft Surface Laptop 3 review: still sleek, just no longer unique

Microsoft Surface Go review: tablet that’s better for work than play

Microsoft Surface Studio 2 review: in a class of its own

16in MacBook Pro review: bigger battery, new keyboard, new Apple

Apple MacBook Air review: the new default Mac

Continue reading...






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Five-year-old stopped on U.S. highway wanted to buy Lamborghini, police say

A trooper stopping a car with a suspected "impaired driver" on a U.S. highway on Monday was bemused to find a 5-year-old in the driver's seat, the Utah Highway Patrol tweeted.




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The shop where you can still buy huge bags of pasta

Wholesalers are opening their doors to members of the public keen to buy supplies in bulk.




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Coronavirus: ‘Buying a round’ to thank NHS workers

Social enterprise Brewgooder is helping people buy beers for those on the coronavirus front line.




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30 DAYS TO GO! Buy your tickets now

There is just 30 days to go until the Opening Match of the FIFA Confederations Cup 2017 and tickets for the Tournament of Champions are on sale now.




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The Wine Table is a great spot for buying and savouring wines

Bandra got its first outlet of The Wine Table in May last year. What does it offer? MRP Wine bar by glass & bottle and Wine education/training/food pairing with wines, etc. From imported - Ren, Beaujolais villages, Peppoli, Cono Sur, Torres, Salbach, Masi masianco, Robert Mondavi to domestic - Amaris reserve, Fratelli MS red, Fratelli Sangiovese, Moksh sauvignon blanc, M reserve, Raaya rose, the outlets offer all things wine.

Tignanello Italian, priced at Rs 20,000, is the most expensive buy. We walk in at 6 pm to douse our red craving, and a bite but the kitchen opens only at 7 pm. We order a Sileni pinot noir (Rs 630) and a Mokksh ren (Rs 396), a flagship brand of the store. The Sileni from New Zealand is light and perfumed and perfect for the rather early indulgence. The ren merlot is medium bodied, woody and deeper on the palate.

While our server gives us back stories of wines and vineyards, we’ll surely go back to try some whites next.

AT: Darvesh Royale Building, Perry Road, Pali Hill, Bandra West
CALL: +91 9167007667
TIMINGS: 10 am to 12.30 am
NOTE: The Wine Table didn't know we were there. The Guide reviews anonymously and pays for its meals

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World Record Store Day: The ultimate guide to where you can buy an LP

The romanticising of vinyls is not without reason - the gritty, warm sound, the bout of nostalgia and the act of listening may all be cliches, but they also hold true. And today being World Record Store Day, there is perhaps no better way of spending it than actually being in one. So here are a few that can satiate everyone from the grandpa obsessed with Madhubala to the hipster who wears socks from different pairs. Take your pick.

The Revolver Club
Jude D'Souza (seated in pic), CeO at The Revolver Club, says, "I once got a call about someone wanting to purchase weapons and another one asking how they could join this club." He explains that the name is a play on the revolving aspect of vinyls and also an ode to a Beatles album. D'Souza set up the store with co-founder Shalom Benjamin about three years ago, and it has now become a go-to hub for record junkies.
At: LJ Road, Mahim West.
Call: 9833182255
Cost: Rs 100 to Rs 25,000

Royal Music Collection
Known simply as Abdul Razaak's store to those in the trade, this shop tucked away in Fort has been around since 1982. Featuring an array of languages and genres, the stock is a treasure trove of collectors' records. "Most of my customers are regulars and now that record players are back, I get some new ones too. Much what I have comes from old collections, so it's cheap and exquisite," says Razaak, the owner.
At: Kitab Mahal, Dr DN Road.
Call: 98209 33365
Cost: Rs 250 to Rs 2,000.

Music Circle
Pilak Bhatt, owner of Music Centre, which has been around for five years, says he has been collecting records for the last 40 years. At his store you can find both pre-owned records and new ones. "Because of my passion and love for music, I want this format to stay alive. Analogue sound is natural and warm and records have lovely artwork. Plus, there's ample information about the artistes. The sound of Mp3s isn't great, and people are realising that, which is why this revival has come about," Bhatt says.
At: V Mall, Kandivali east
Call: 9833062221
Cost: Rs 300 to Rs 2,000

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In other districts, tokens to be issued to buy booze

Even as tipplers lined up outside liquor stores across the state on Tuesday, there were hectic parleys both in the corridors of Mantralaya and the BMC.

While for the state government, the main concern was how to raise revenue during the lockdown while ensuring that the infection rate does not explode, the civic body's sole concern was to keep the city's climbing COVID-19 count under check.

As reports flooded in about overcrowding outside liquor stores, the BMC commissioner made up his mind and issued an order late on Tuesday evening, directing all non-essential shops and establishments to shut with immediate effect.

The state agreed that this was the right decision for the hotspot of Mumbai, and decided to keep liquor stores open in the rest of the state. It is even contemplating a cess on liquor like in Delhi state, top sources in the political and bureaucratic machinery told mid-day.

Delhi imposed a Coronavirus cess on liquor sales at state-run shops from Tuesday. The cess is 70 per cent of the maximum retail price of all categories of liquor sold through standalone shops. The Maharashtra government's cess is expected to be less than that of Delhi, as the state's taxes on alcoholic beverages are already the highest in the country.

A retailer from Sion said a New Delhi-like cess is not advisable. "Even with the cess or surcharge, liquor in Delhi will still be cheaper than in Maharashtra. The taxation is so heavy that spurious liquor is made here or cheaper stuff is smuggled from neighbouring states," he said.

The high that didn't last
As per official data, the state has been consuming an average of 87 crore litres of alcohol (country liquor, Indian made foreign liquor, beer and wine) every year. The government earned R15,428 crore last year through liquor production and sale. The state has lost at least R3,000 crore in revenue in the current financial year.
Figures obtained by mid-day showed that the state sold 16.10 lakh litres and earned R62.55 crore on Monday and Tuesday. The figures are from 17 districts that sold liquor on the two days (including Mumbai city and suburbs). Nine other districts had disallowed sales, and two couldn't open stores.

"The excise department earns maximum revenue from production units. Liquor sale in the state touched R11-12 crore on Monday. A cess is a matter of policy for the government," said excise commissioner Kantilal Umap.

Some officials are of the opinion that the government could earn additional revenue through Value Added Tax (VAT) and GST if restaurants and permits room that serve food and alcohol were also allowed to open in the coming days. Owners of permit rooms and restaurants have sought permission to dispose of their stock in retail to get some liquidity and add to the revenue. But at least in Mumbai, the BMC order has put paid to these hopes.

Earlier in the day...
Before the BMC commissioner's order, the State Excise Department released a new set of guidelines for all liquor shops, which includes a form that customers will have to fill in with their personal details and take a token.

This order – an attempt to streamline crowds and enforce social distancing – apply to other districts, where liquor shops will continue to operate.

The forms to be filled by people include name, mobile number, details of the brand and the number of bottles the person wishes to buy.

The excise department said not more than 50 tokens can be issued per hour. With wine shops in the state allowed to be open from 10 am to 6 pm, assuming there will be 50 customers per hour, a wine shop can service a maximum of 400 customers per day. If more customers come, they will be issued tokens for the next day.

Wine shops that do not have printers to print the forms can put their stamp on a plain paper which has the details of the customer and mention the token number.

Inputs by Vishal Singh

3k
Amount (in crores) of revenue from liquor sales lost by the state

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Buyers say tokens reduce wait time to get alcohol

At a time alcohol sales have been barred in Mumbai, its sales in 18 districts of Maharashtra on Wednesday yielded Rs 43.75 crore. A few buyers claimed the token system introduced to reduce crowds helped them get their tipple faster.

After seeing the crowds in Mumbai that gathered to buy their favourite drink without caring about social distancing, the State Excise Department had released a new set of guidelines for all liquor shops, which included a form that customers would have to fill in with their personal details and take a token. The excise department said not more than 50 tokens can be issued per hour. Assuming there will be 50 customers per hour, a wine shop can supply a maximum of 400 customers per day. If more customers come, they will be issued tokens for the next day.

All alcohol vendors have been asked to sell liquor only through this token system. mid-day spoke to a few buyers outside the BMC limits about their experience.Some of them said the system helped as they did not have to stand in queues for a long time.

Was asked to wait till 11 am
Suresh Jadhav from Thane, who bought liquor from J K Wine Shop on Bhiwandi-Kalyan Road, said he was asked to take a token. It was number 72 and he was asked to come at 11 am. Jadhav said, "When I reached the store at the given time, there was not much crowd. Due to the token, I did not have to stand in line for long."

Munna Pandey, another Thane resident, who went to the same shop, said he took a token and was asked to come at 1 pm. "When I reached the shop at 1 pm, there were 15 to 17 people standing in front of me. I wrote my name, the name of the brand and my mobile number in the form. I took a total of 4 bottles. It took me about half an hour to get my liquor," Pandey said.

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Boy, 5, caught by highway patrol for driving family car to buy Lamborghini

A  Utah highway police officer who spotted a car swerving down the freeway thought the driver needed medical attention. But when he asked the driver to pull over, he was in for a surprise to find a five-year-old boy behind the wheels.

The boy was found by the officer sitting at the edge of the seat to reach the brake and accelerator pedals so that he could drive. The officer learnt that the boy had taken the car keys without his parents’ knowledge following an argument with his mother because she refused to buy him Lamborghini. So in the fit of rage, the boy set out with his family car to California to buy a Lamborghini with just USD 3 in his pocket.

Trooper Rick Morgan was quoted by the CBS News as saying that the boy initially did not respond to the lights but pulled over after hearing the siren. "I approached the vehicle and I was expecting to find somebody who needed an ambulance or paramedics," he said.

The Utah Highway Patrol posted the incident on their Twitter page with a photo of the boy seated in the driver’s seat. The tweet reads, “His story is that he left home after an argument with Mom, in which she told him she would not buy him a Lamborghini. He decided he'd take the car and go to California to buy one himself. He might have been short on the purchase amount, as he only had $3 dollars in his wallet.”

The post shared by the patrol department on micro-blogging site garnered more than 3,800 likes and was retweeted over 1,500 times. Users commenting on the post were amused by boy’s wish for a Lamborghini at such an age!

What do you think about the post?

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India buys what is shown on celluloid: Report

India is riding the fashionable wave inspired by Bollywood as 2017 saw movie buffs buying trends inspired by their favourite stars online, says an annual fashion report by e-commerce site Flipkart. The latest findings and trends of 2017 by Flipkart Fashion saw shoppers getting their hands on trendy outfits inspired by Bollywood.

According to the findings, Alia Bhatt, Varun Dhawan starrer "Badrinath Ki Dulhania"; Aditya Roy Kapoor, Shraddha Kapoor starrer "Ok Jaanu"; Arjun Kapoor, Shraddha starrer "Half Girlfriend"; Vidya Balan starrer "Tumhari Sulu"; Salman Khan starrer "Tubelight" and Kangana Ranaut starrer "Simran" ruled the fashion sense of the millenials.

According to Flipkart fashion report, Alia Bhatt's latest hit became the fashion guide for Indian outfits in 2017. Her style statement in the movie refreshed shopper's style quotient by purchasing cold shoulder cholis, bandhani lehenga skirts and jhumkas donned by her in the movie, said a statement. Flipkart sold thousands of jhumkas and bandhani skirts within the first month of the movie's release. The first week alone saw the sales of 2,500 plus pairs.

Shraddha made a popular fashion statement of embroidered shorts and skirts in the remake of the iconic Rahman classic "Humma Humma" in "Ok Jaanu". She again made fashion trend with skater dresses, off shoulder tops and layered looks in "Half Girlfriend". From silks to Kanjeevarams to georgettes and crepes, Vidya has always shown her love for the sari. In "Tumhari Sulu", the actress created trends again with people buying saris inspired by her looks. Smaller cities like Bhopal, Chandigarh, Nagpur and Indore shopped for the Vidya Balan look.

Another fashion trend that hit the country was the Kangana-inspired red dress from the movie "Simran". Also men's fashion wasn't far behind as Salman Khan's look with the brown shoes hanging around his neck in "Tubelight" created a lot of buzz making fans wanting to get their hands on a pair at the earliest. The brown shoes topped men's footwear search across cities for two weeks on Flipkart after the movie released.

Except for the headline, the story has not been edited by mid-day online. This story is taken from a syndicated feed & is published on AS IS basis.

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Sona Mohapatra lashes out at Ram Gopal Varma for his tweet on women buying liquor

The whole nation knows by now that the liquor shops in some parts of the country were reopened as the nation has been partially opened up after being shut down for nearly two months. Long queues and unending wait to buy liquor attracted a lot of attention on social media. One of the people to give his reaction was Ram Gopal Varma.

Taking to his Twitter Account and sharing an image of women standing outside the shop, he wrote- "Look who's in line at the wine shops ..So much for protecting women against drunk men." (sic) This didn't go down very well with Sona and this is what she tweeted in return - "Dear Mr RGV,time for u to get into the line of people who desperately need a real education.1 that lets u understand why this tweet of yours reeks of sexism & misplaced morality.Women have a right to buy & consume alcohol just like men. No one has a right to be drunk & violent." (sic)

Have a look at both the tweets right here:

Varma tweeted back that how she misunderstood the intent behind his tweet and how he was the last person to be judgemental. "Hey I think u misunderstood the intention behind that tweet ..I am the last person to be judgemental ..I meant it for the leaders who falsely presume that only men drink and abuse women in that state," tweeted the filmmaker. Have a look:

Social media debates are here to stay, it seems. Whose side are you on?

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Rakul Preet Singh takes on trolls who assumed she was out buying alcohol

On Thursday, Rakul Preet Singh was spotted at Pali Naka, Bandra. She made sure to wear a mask while stepping out to head to a chemist in the vicinity. A video of the De De Pyaar De (2019) actor's outing has gone viral.

Some netizens thought she was Deepika Padukone and still others felt she had gone to buy alcohol. Responding to the speculation, she tweeted, "Oh wow! I wasn't aware that medical stores are selling alcohol."

Singh informs that she had picked up some stuff from the chemist and the video shows her exiting. She wondered why people chose to speculate. Blame it on the University of WhatsApp, perhaps.

Rakul Preet recently spoke about her Miss India days and how she wasn't entirely comfortable wearing a bikini for the pageant. Her parents, however, were more comfortable with the idea than her! She shared, "My mom and my dad were more comfortable than I was with the idea of wearing a bikini. In fact, when we were going to shop for the bikinis, my dad kept telling us to buy vibrant coloured bikinis and not the dull ones."

Well, now that's a cool set of parents right there!

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Coronavirus Outbreak: Karnataka to buy 2 lakh rapid test kits for case detection

The Karnataka government has announced the purchase of an additional two lakh rapid test kits for COVID-19 detection at a task force meeting on Thursday. Home Minister Basavaraj Bommai and other senior officials were present at the task force meeting chaired by Deputy Chief Minister Dr CN Ashwathnarayan.

The Chinese government has agreed to supply rapid test kits to an officially listed company, which will increase the number of tests once it arrives, Ashwathnarayan said.

Moreover, 250 kiosks will be set up in the state to collect saliva samples of a person with COVID-19 symptoms. Such kiosks will be launched one-by-one in taluks of the state. Ashwathnarayan explained that this would increase the sample collection process and prevent the spread of disease.

Ashwathnarayan said the purchase of the required 25,000 RT-PCR kits was also approved. He stated that COVID-19 patients should be treated at government-appointed hospitals. A separate coronavirus helpline will be made operational to address the queries of people, Ashwathnarayan said.

During Ramadan, it has been decided not to allow mass prayers, he said. And added that tracing of cases related to the Tablighi Jamaat meeting in Delhi has been completed in the state.

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Lockdown tales: Mother sends son to buy groceries, he returns with a wife

Tasked to ensure the enforcement of lockdown in view of the coronavirus pandemic, the district's Sahibabad Police were on Wednesday surprised when a mother came to the police station complaining that she had sent her son to buy groceries but he returned with his wife.

"I had sent my son to do the grocery shopping today, but when he returned, he came back with his wife. I am not ready to accept this marriage," said the teary-eyed mother. Speaking about the marriage, Guddu, 26-year-old groom, said: "I got married to Savita two months ago at an Arya Samaj Mandir in Haridwar."

"However, we could not get the marriage certificate at that time due to lack of witnesses. I had decided to visit Haridwar again for my marriage certificate but could not do so as the lockdown was imposed," he added. "After returning from Haridwar, Savita stayed at a rented accommodation in Delhi. However, today I decided to bring her to my mother's house as she was told to leave the rented accommodation due to lockdown," said Guddu.

Giving a solution to the family feud, the Sahibabad Police have asked Savita's house owner in Delhi to let the couple stay there during the lockdown period.

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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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Man kills wife for refusing money to buy liquor in Uttar Pradesh

A man allegedly killed his wife when she refused to give him her jewellery to buy liquor. The incident took place in the Bamruliya village in the Farrukhabad district on Thursday. A case has been registered with the Nawabganj police station and a hunt has been launched to arrest the accused. According to the police, Prashant was married to Lakshmi Devi, 26, for six years and the couple has a five-year-old son and a three-year-old daughter.

"Prashant is a liquor addict. He would usually beat his wife in an inebriated condition. Prashant would frequently demand money from his wife for liquor. This time when she refused to give him money, he hit her with a wooden stick till she fainted and then escaped with her gold earrings," said Station House Officer (SHO) Rakesh Kumar Sharma.

"Lakshmi bled profusely and succumbed to her injuries. Her parents have lodged a complaint at the Nawabganj police station.

"We have booked Prashant under section 302 (murder) of the IPC. Raids are on to arrest him," the SHO said.

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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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Rakul Preet Singh responds to a video showing her buying alcohol

Actress Rakul Preet Singh took to Twitter to debunk false news being shared about her. It was reported that she was spotted buying alcohol in the market.

“What was @Rakulpreet buying during the #lockdown? She was buying alcohol?,” read a tweet by @KRKBoxOffice. In the video shared, Rakul was seen in casuals. She had a mask on her mouth and is seen carrying a few items in her hands. Replying to the tweet, Rakul wrote, "Oh wow ! I wasn’t aware that medical stores were selling alcohol.”


Following Rakul's response, several netizens came to her support and tweeted that she need not justify the video as buying alcohol is not wrong. Some also pointed out that it is an invasion of privacy by making a video and posting it online.

All liquor shops were shut down when the lockdown was first imposed on March 25. During the third phase of lockdown which started on May 4, the government allowed liquor shops to function. However, owing to the chaos outside liquor shops on day one of the lockdown 3.0, several state governments shut down liquor shops.

Rakul will soon be seen in a cross-border romantic-comedy with actor Arjun Kapoor. The film is directed by debutant Kaashvie Nair and produced by Bhushan Kumar, Nikkhil Advani and John Abraham.

ALSO READ: Rakul Preet Singh talks about how her parents were more comfortable with the idea of her wearing a bikini




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Sensex Ends 199 Points Higher; Energy and FMCG Stocks Witness Buying

Posted by Equitymaster
      

Indian share markets ended their trading session on a positive note today.

Benchmark indices edged higher, tracking overnight gains in the US market and positive Asian stock markets.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

At the closing bell, the�BSE Sensex�stood higher by 199 points (up 0.6%) and the�NSE Nifty�closed higher by 52 points (up 0.6%).

SGX Nifty�was trading at 9,260, up by 64 points, at the time of writing.

The BSE Mid Cap�index ended up by 0.1%, while the�BSE Small Cap�index ended the day down by 0.5%.

On the sectoral front, gains were seen in the energy sector and FMCG sector, while power stocks witnessed selling pressure.

Asian stock markets�finished on a strong note as of the most recent closing prices.

The�Hang Seng�was up 1% and the Nikkei was trading higher by 2.6%. The Shanghai Composite was up 0.8%.

European markets were trading on a positive note. The DAX was trading up by 0.8%, while the CAC 40 was trading up by 0.7%.

The rupee was trading at 75.55 to the US$ at the time of writing.

Gold prices�are currently trading up by 0.2% at Rs 46,274.

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Speaking of the current stock market scenario, Indian stock markets have seen a stunning recovery over the last 5 weeks.

From its all-time high levels of 42,274 touched on January 20 this year, the Sensex crashed 39% to a multi-year low at 25,639 on March 23. Later, the index made a rapid recovery till April 30 as it added 4,250 points.

Thereafter, in just two sessions of this month, Sensex lost 7%.

Excluding this week's 7% fall, of all the rebounds after a 35%-40% fall in the market, the current one has been the biggest by a distance.

This is evident from the chart below:

Sensex: From Bear to Bull in 30 Days

While the Sensex has rebounded sharply, there are still many stocks out there that are trading at attractive valuations.

Co-head of research at�Equitymaster, Rahul Shah, believes this is a good time to get into stocks, even if you missed the rally because the market is fairly valued.

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

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

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

Moving on, market participants were tracking�Shree Cement share price,�TCI Express share price, and�SBI Cards and Payment Services share price�as these companies announced their March quarter results (Q4FY20) today.

You can read our recently released Q4FY20 results of other companies here:�Ambuja Cement,�IndusInd Bank,�Axis Bank,�Tech Mahindra,�Reliance Industries,�Marico,�Kansai Nerolac,�NIIT Technologies,�Persistent Systems,�SKF India.

In news from the banking sector, RBL Bank share price was in focus today.

The private lender on Thursday reported a 54% decline in its March quarter net profit to�Rs 1,143 million on the back of higher provisions.

The bank's total provisions trebled on a year-on-year (YoY) basis and stood at�Rs 6.1 billion in Q4FY20. It holds�Rs 1,079.5 million of provisions in excess of what RBI has mandated for covid-19 related moratorium.

The lender logged a 37% YoY growth in its operating profit at Rs 7.7 billion compared to Rs 5.6 billion a year ago.

The bank's total revenue jumped 33% YoY to Rs 15.2 billion from Rs 11.5 billion reported in Q4FY19.

RBL Bank's net interest margin (NIM) stood at 4.93% in the March quarter. Its net interest income (NII) grew 38% YoY to�Rs 10.2 billion in Q4FY20.

The bank's deposits fell 1% to�Rs 578.1 billion in Q4FY20. Current and savings account (Casa) deposits grew 17% and 2% sequentially to�Rs 171.1 billion in the March quarter.

The private lender's advances increased 7% to�Rs 580.2 billion.

For the financial year 2019-20, the bank's total income stood at Rs 55.4 billion, up 39% YoY from Rs 39.8 billion, while its operating profit jumped 42% YoY to Rs 27.5 billion.

To know more, you can read RBL Bank's Q4FY20 result analysis on our website.

Moving on to news from the pharma sector, shares of Dr Reddy's Laboratories rallied 8% today to hit a 52-week high of Rs 4,132, after the company received the Establishment Inspection Report (EIR) from US health regulator for its manufacturing plant at Srikakulam.

In a regulatory filing, the company said it has received EIR from the US Food and Drug Administration (USFDA), for the Active Pharmaceutical Ingredients (API) manufacturing plant at Srikakulam, Andhra Pradesh (CTO VI).

The site was issued warning letter in November 2015 after the inspection in 2014, and was under "Official Action Indicated" classification till now.

Dr Reddy's Laboratories share price ended the day up by 3.8%.

In other news, Laurus Labs share price witnessed selling pressure today. Stock of the company�slipped 10% today after more than 30 million equity shares of the pharmaceutical company changed hands via multiple block deals.

As much as 19.1 million shares were traded on BSE, while on the National Stock Exchange (NSE), about 15.3 million shares changed hands.

Last week, the company had reported its consolidated net profit at Rs 1.1 billion, which more than doubled from Rs 430 million reported in the year-ago quarter.

The company's board also recommended for the sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each, subject to regulatory approvals.

Speaking of the pharma sector, in December 2019, co-head of Research at�Equitymaster, Tanushree Banerjee had predicted that pharma could be the sector to see a�big rebound in 2020.

And rightly so, most�pharma companies�have re-emerged as the safer bets for investors in the ongoing market turmoil. Last month, the Indian rupee touched a new record low of Rs 76.92 against the US dollar. Most�pharma companies�generate their revenues through exports. Hence, a depreciating rupee is a positive development for them.

As per Tanushree, in a�post Covid-19 world, healthcare expenditures globally will see a big rejig.

Tanushree has her eyes on an exciting tech stock. The company in question is developing its medical division. It's focusing on telemedicine, which Tanushree believes will be a huge growth driver in a post Corona world.

Looking at the potential upside in the stock, over a period of five to ten years, Tanushree believes investors could become a�One Stock Crorepati.

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



This article (Sensex Ends 199 Points Higher; Energy and FMCG Stocks Witness Buying) is authored by Equitymaster.

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




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