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'Congress never showed any inclination to stop corruption'

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues. She was responding to the opposition's allegations of loan waivers worth Rs 68,607 crore in the form of write-offs of top 50 wilful defaulters during the first half of the financial year ended March 2020. The Finance Minister, through a series of tweets posted late night on Tuesday, said that the Congress has attempted to mislead people, and former Congress President Rahul Gandhi should introspect why his party fails to play a constructive role in cleaning up the system. "Shri @RahulGandhi MP (LS) and Shri @rssurjewala spokesperson of @INCIndia have attempted to mislead people in a brazen manner.

Typical to @INCIndia, they resort to sensationalising facts by taking them out of context. In the following tweets wish to respond to the issues raised. "@INCIndia and Shri.@RahulGandhi should introspect why they fail to play a constructive role in cleaning up the system. Neither while in power, nor while in the opposition has the @INCIndia shown any commitment or inclination to stop corruption & cronyism," she said. Highlighting that between 2009-10 and 2013-14, scheduled commercial banks had written off Rs 1,45,226 crore, she quipped, 'Wished Gandhi consulted former Prime Minister Manmohan Singh on what this writing-off was about'. She also referred to media reports quoting former Reserve Bank of India (RBI) governor Raghuram Rajan as having said that a large number of bad loans originated in the period 2006-2008 and "too many loans were made to well-connected promoters who have a history of defaulting on their loans".

"Those defaulters who do not repay despite having capacity to pay, divert or siphon-off funds, or dispose of secured assets without bank's permission are categorised as wilful defaulters. They are those well connected promoters who benefitted from UPA's `phone banking'," she added. In another tweet she said, "Earlier, on 18.11.2019, in the Lok Sabha for an unstarred Question no:52, a list of 'Borrowers flagged as wilful defaulter by Public Sector Banks under CRILIC (Central Repository of Information on Large Credits) reporting as on 30.09.2019 (For borrowers with exposure of Rs. 5 crore and above, Global operations) was provided."

Bank-wise details of aggregate funded amount outstanding and amount technically/prudentially written off pertaining to top 50 wilful defaulters was provided as an annex to the answer to Lok Sabha starred question 305 of Gandhi on March 16, 2020. However, Congress leader Rahul Gandhi on Tuesday said he had asked the government in Parliament the names of the top 50 bank loan defaulters, but the Finance Minister did not answer his question. "Now the RBI has given the names of Nirav Modi, Mehul Choksi and many of BJP's ''friends'' in the list of bank frauds. That is why this truth was held back from Parliament," Gandhi said in a tweet in Hindi.

The Congress alleged the government waived loans worth Rs 6.66 lakh crore since 2014 till September 2019. Sitharaman said this is an attempt of Congress leaders to mislead on wilful defaulters, bad loans and write-offs. She emphasised that it is the Narendra Modi-led government which is pursuing cases against these wilful defaulters and 9,967 recovery suits, 3,515 FIRs, invoking of Fugitive Amendment Act in cases are on now. The total value of attachment and seizures in the cases of Nirav Modi, Mehul Choksi and Vijay Mallya is about Rs 18,332.7 crore, she said. Sharing details, she tweeted: "Vijay Mallya Case: Total value at the time of attachment was Rs 8,040 crore and of seizure was Rs 1,693 crore. Value of shares at the time of seizure was Rs 1,693 crore. Declared fugitive offender. On extradition request by GoI, UK High Court, has also ruled for extradition."

In case of Mehul Choksi she said, "attachments of Rs 1,936.95 crore including foreign attachment of Rs 67.9 crore. Seizure of Rs 597.75 crore. Red Notice issued. Extradition request sent to Antigua. Hearing for declaration of Mehul Choksi as fugitive offender is in progress." On the Nirav Modi case, the Finance Minister said, "Immovable and movable properties worth more than Rs 2,387 crore attached/seized. (Attachment Rs 1,898 crore and Seizure Rs 489.75 crore). This includes foreign attachments of Rs 961.47 crore. Auction of luxury items for Rs 53.45 crore. He is in prison in the UK."

Provisions are made for non-performing assets (NPAs) as per the four-year provisioning cycle laid down by the RBI, she said, adding, upon full provisioning being done banks write-off the fully provided NPA but continue to pursue recovery against the borrower and no loan is waived off. On Tuesday, Congress chief spokesperson Randeep Surjewala demanded answers from the Prime Minister on why their loans were waived. "This is a classic case of promoting ''dupe, deceive and depart'' policy of the Modi government, which can no longer be accepted and the prime minister has to answer," Surjewala said. He said the entire country is fighting the coronavirus and the government has no money to pay.

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ates, but has the money to condone and write off Rs 68,607 crore of bank loan defaulters.




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'Game of Thrones' star Kristofer Hivju recovers from coronavirus, says he is in good health

Actor Kristofer Hivju who tested positive for coronavirus in March, revealed on Tuesday that he has now 'fully recovered' and is in 'good health.

Sharing a picture along with his wife on Instagram, the 41-year-old wrote that: "After several weeks in quarantine, and also a couple more indoors after being free of all symptoms, we are finally safe and sound." The star, popularly known for his role of Tormund in 'Game of Thrones', also added that they were ''lucky'' to have only "mild symptoms of COVID-19.'' "We send our love and thoughts to all of the people where the virus has hit much harder, and to everyone who has lost their loved ones due to the Coronavirus," he added.

 
 
 
View this post on Instagram

Hi! We are fully recovered and in good health after I was infected by the Cororonavirus, and most likely my wife @grymolvaerhivju After several weeks inn quarantine, and also a couple more indoors after beeing free of all symptoms, we are finally safe and sound. We were lucky to only have mild symptoms of the Covid 19. We send our love and thoughts to all of the people where the virus has hit much harder, and to everyone who has lost their loved ones due to the Cornonavirus. Thank you for all of your support, and please remember to stay vigilant and keep your distance, wash your hands, and most of all ; take care of each other in this strange time. Lots of love from us❤ï¸ÂðŸ™ŒðŸ» #takecare @panoramaagency

A post shared by Kristofer Hivju (@khivju) onApr 13, 2020 at 1:26pm PDT

The actor wrapped up the post by thanking everyone for their support and also urged them to "stay vigilant and keep your distance, wash your hands, and most of all; take care of each other in this strange time. Lots of love from us #takecare @panoramaagency" Earlier on March 17, the actor through an Instagram post revealed that he has tested positive for coronavirus and is self -quarantining with his family in Norway.

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Boston Legal actress Lake Bell's five-year-old daughter has epilepsy

Boston Legal actress Lake Bell's five-year-old daughter has been diagnosed with epilepsy.

Bell and her husband Scott Campbell, discovered the news a few months ago but the actress has just come to terms with the diagnosis, reports aceshowbiz.com.

She wrote on Instagram: "My daughter has epilepsy. It's taken me a few months to gather the courage to post about it because I do not want to endorse it's existence."

"I also didn't know why I should share it. Why tell a bunch of strangers? however in a time where we are so isolated I crave community. We all do. We want to be reminded we are not alone in any reality.

"And above all, I am grateful... Grateful to have a partner in @scottcampbell who, with his research and smarts, is giving these seizures a worthy adversary. Scott and I, along with the care of the incomparable @childrensla, will conquer them."

She added "For Nova... so she doesn't have to cry in fear after she gets sucked into one. They are like invaders, that come on without invitation nor warning. We will fight for Nova. For her future. For tomorrow. For today."

Bell said it's the beginning of a "long journey and I want/need to remember that I am not alone. And if you are dealing with a loved one with epilepsy, I get it... You are not alone."

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Ben Affleck won't let face masks stop him from smoking

It seems like American actor Ben Affleck has become a real smoke show. According to Page Six, the 'The Way Back' star took yet another stroll with girlfriend Ana de Armas in Los Angeles on Thursday (local time) but didn't let his face mask get in the way of stopping for a cigarette break. Photos show the 47-year-old actor keeping the mask over his nose as he puffs away, seemingly defeating the purpose of the mask.

The couple, who met on the set of their forthcoming movie, 'Deep Water,' were seen last week taking de Armas' dog for a walk.

During that walk, they opted to go mask-free but the 31-year-old actress did show off her 2,600 USD Gucci tracksuit.

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Pixar director, story artist Rob Gibbs passes away

Veteran director, story artist and writer of many Pixar films -- Rob Gibbs passed away at the age of 55. A company spokesperson confirmed the news, the cause of death was not immediately known, cited The Hollywood Reporter. The artist, who has spent more than 20 years with the company, has contributed immensely to the animation industry. Gibbs' contribution to many well-known and successful Pixar films, included 'Toy Story 2', 'Finding Nemo', 'Monsters, Inc., and more.

His credits also included the short film 'Tokyo Mater' in 2008, and the series 'Mater's Tall Tales' and 'Tales From Radiator Springs' from the 2012 Cars franchise - 'Brave'. The California resident also contributed to 'Monsters University', and also the upcoming 'Monsters at Work' series for Disney+ and 'Incredibles 2.'He is survived by his daughter Mary, who was the voice of Boo in several 'Monsters, Inc.' projects.

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Grey's Anatomy, Superstore, Brooklyn 9-9: Shows that inspire us to celebrate the real heroes this Labor Day

Socialist and labour unions celebrate this day by organising programs to improve wages and working conditions of the workforce. With a Lockdown imposed by the governments of the various nations, this year, we celebrate those on the frontlines of this major epidemic and appreciate the work done by them. So aid to our battle against the virus by staying at home and doing your bit and while you do that, here are moments from these amazing shows that make us appreciate these workers even more:

Amy catching a criminal in a wedding dress (Brooklyn Nine-Nine)

There is one thing certain about the Nine-Nine squad and that is their passion to solve the crime and catch the criminals no matter what. Whether they are sleep deprived, facing a personal crisis or in this case, shopping for their wedding dress during their break, nothing will stop them from doing their duty. In season 5, when Amy is out shopping for her wedding dress with Rosa, a criminal is fleeing a crime right around the shop. Amy makes a dive and caught the culprit while still in the Wedding dress. Pretty Badass if you ask us! Watch Brooklyn Nine-Nine Season 7 exclusively on Comedy Central on Saturdays at 7 pm.

When the Cloud 9 employees are stuck in the store during a Blizzard (Superstore)

Matching the circumstances of the recent pandemic when people began hoarding home supplies, St. Louis has a massive blizzard barreling towards it. The residents wish to stock up on their supplies to avoid getting trapped in their homes without any food and rush to Cloud 9 which is forced to stay open by the corporate. Trapping the employees and a few customers in, they have to spend the night in the superstore are the blizzard rages on outside. Watch the essential workers on Comedy Central, 11 am onwards, on 1st May to celebrate Labor Day!

Special Episode on New Amsterdam for Covid-19

The crew of New Amsterdam came up with a special episode showcasing a pandemic and introducing a new character who is also a trauma expert. Keeping in mind that the episode might hit too close for those on the front lines, the crew decided to edit the episode and only hint at the pandemic. However, there is no denying the appreciative work done by the health experts and the hospital staff amidst the chaos. Watch all the episodes of this medical drama only on Colors Infinity to celebrate Labour Day Weekend (1st – 3rd May) from 9 am onwards.

When the doctors come together to treat the patients during a Blizzard (Grey's Anatomy)

In a remarkable episode, Meredith and Carina question DeLuca's uncharacteristic behaviour when he volunteers to perform a life-threatening task during a blizzard. While the others focus on the Blizzard, Bailey tries to help Joey with his future and Richard tries training a new intern at the hospital. We must appreciate everything the doctors do for us and go through during such tough times. Catch all the episode of Grey's Anatomy on Disney+ Hotstar.

When an old Women's life is at Risk (Chicago Fire)

We often do not give enough credit to the Fire Department but the teams always put extra effort into saving everyone's life. In this particular episode, Cruz and Severide suspect foul play when a fire started by an elderly woman turns deadly. Kidd, Foster and Brett create a women's-only lounge. The Fire Department is truly one of the bravest of the lot and ensures they save lives even if it puts them in danger. Watch the thrilling show only on Colors Infinity.

So, don't forget to tune in to these shows this Labor Day Weekend and stay safe inside your homes as we appreciate everyone on the frontlines of the pandemic.

 




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Emma Stone talks mental health in times of coronavirus: Write, write and write

In a rare video appearance, actor Emma Stone is raising mental health awareness while practising social distancing during the coronavirus pandemic. May is Mental Health Awareness Month and the Oscar winner announced the Child Mind Institute's #WeThriveInside campaign, a digital initiative that will help those struggling right now and beyond with tele-health and online resources.

"Many of us are dealing with isolation, anxiety and uncertainty during this COVID-19 crisis, and this includes the 17 million kids and teens in America that's one in five who have a mental health disorder. We're inviting you to be part of our team," she said in the clip. According to The Hollywood Reporter, the institute will release self-recorded videos daily featuring notable names sharing stories of how they stay mentally fit while encouraging families and kids to check out its COVID 19-related resources. Videos will be distributed across all social media platforms of Child Mind Institute. Stone, who is a board member of the organisation, opened up what she likes to do when she is struggling with anxiety.

"What I do is just write down anything that I'm worried about. I just write and write and write and I don't think about it and I don't read it back. "I find it's really, really helpful for me to get it all out on paper. I hope you're staying safe, you're staying strong and healthy and I'm sending you lots of love," she said. Other Hollywood names such as Jonah Hill, Margot Robbie, Andrew Garfield, Octavia Spencer, Zoey Deutch, Nicole Scherzinger, Sarah Michelle Gellar, are also part of the drive. Donations are also being accepted, and courtesy one anonymous donor, matched up to USD 150,000.

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Russel Crowe celebrates 20 years of historical epic 'Gladiator'

Oscar-winning actor Russell Crowe on Tuesday took a look back at the movie 'Gladiator' which was released twenty years ago today. The widely lauded movie was released in the US on May 5, 2000, whereas in India the flick hit the theatres on September 1, 2000.

The 56-year-old actor took to Twitter and wrote: "20 years ago today Gladiator was released in cinemas in the United States ... Strength and Honour ..."

Helmed by director Ridley Scott, the action drama won the Best Picture and Best Actor award at the Oscars and went on to make USD 460 million at the box office worldwide. 'Gladiator', which released in 2000, featured Russell Crowe as Maximus, a General in the Roman army, who is betrayed by the Emperor and left for dead while his family is brutally murdered.

He is eventually forced to become a gladiator after being captured by slave traders, who lead him back to Rome to fight as a gladiator while he plots his revenge against the Emperor who betrayed him. Crowe has proved his calibre as an actor in movies like 'The Insider, and 'A Beautiful Mind', but the portrayal of Maximus remains one of his finest performances.

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Chris Hemsworth likes non-stop action

Hollywood star Chris Hemsworth says he likes to shoot non-stop action sequences so that he can keep up with the momentum. Recently, Hemsworth was seen doing some jaw-dropping action sequences in his digital film "Extraction". The film traces the journey of Tyler Rake (Hemsworth), a fearless black market mercenary, who is on a mission to rescue the kidnapped son of an imprisoned international crime lord. The film was shot in various different locations with the film's climactic sequence culminating in an epic gun battle over a bridge.

Talking about the action packed climax, Hemsworth said: "The action was non-stop but I like it that way. Sometimes on a film when you have long waiting times, you lose momentum, especially with something so physical.

"But using an actual bridge meant we could immerse ourselves in the action and the emotion. I've worked a lot with blue and green screens and your imagination has to do a lot of work to create the world. The bridge did a lot of that work for us," he added.

After scouting multiple bridges in India and Thailand for the final action sequence, the makers decided to shoot the climax at the Lat Bua Khao Bridge in Thailand's Ratchaburi. Once the bridge was secured, the art department began creating the blockade which is shown during the final escape sequence. The blockade consisted of a whole of 132 vehicles that were piled up on the bridge -- which included 14 pickups and SUVs, 40 sedans (including police cars), 19 light trucks and vans, 12 full-sized trucks (including an armoured military vehicle), 5 buses, 22 motorbikes, 18 tuk-tuks and 7 bicycle rickshaws.

Directed by Sam Hargrave, the film's screenplay is done by Joe Russo. The action thriller, which released on Netflix on April 24, also stars Indian actors Randeep Hooda, Pankaj Tripathi, Priyanshu Painyulli, and Rudraksh Jaiswal.

The film is produced by Russo Brothers (Joe and Anthony Russo), Mike Larocca, Hemsworth, Eric Gitter, and Peter Schwerin, and is on its way to becoming Netflix's most watched feature film ever.

Meanwhile, "Avengers: Endgame" co-director Joe Russo has confirmed that he will be working on a sequel to "Extraction". Hemsworth and Hargrave are expected to return in the new action adventure.

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Brad Pitt's daughter doesn't call Jennifer Aniston 'mommy'

Actress Jennifer Anistons representative has dismissed reports claiming that Brad Pitts daughter Shiloh, has started calling her ‘mommy. The Australian weekly publication, New Idea magazine, recently claimed that Shiloh, 13, had developed a "special bond" with the former "Friends" actress before the COVID-19 lockdown.

"They've been spending so much time together and been bonding, it felt like a natural next step for Shiloh," said a source in that report. Aniston's representative has come forward to set the record straight, reports express.co.uk.

"This is just another complete fabrication and has no relationship to reality," said the representative. The claims come after sections of the media reported that Pitt's estranged wife and actress Angelina Jolie had banned her children -- Maddox, 18, Zahara, 15, Pax, 16, Shiloh, and twins Knox and Vivienne, 11 -- from meeting Pitt's former lover Aniston.

Earlier this year, Pitt and Aniston had a few flirtatious encounters during the award season, making fans curious if a romantic reunion was about to happen. In January, Aniston and Pitt were spotted backstage at the Screen Actors Guild Awards, where he touched her wrist and they chatted a while.

The pair shared another moment during the awards ceremony as Pitt accepted a supporting actor prize for "Once Upon A Time In Hollywood". He quipped that "it was a difficult part. A guy who gets high, takes his shirt off, and doesn't get on with his wife. It was a big stretch". The camera then cut to Aniston, who could be seen clapping at the joke.

At the Golden Globes, she looked delighted when he was declared Best Supporting Actor for "Once Upon A Time In Hollywood".

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Jennifer Aniston flicks off COVID-19 in throwback photo while 'bored' in quarantine

American actor Jennifer Aniston is sick and tired of the novel coronavirus and is asking it to go away in her own unique style. She shared a picture on Instagram where she is seen flipping Covid-19 the bird and asking it to go away. The 'Friends' star took to Instagram on Thursday (local time) and shared a throwback image of herself giving the middle finger to something or someone. Along with the picture she wrote, "Dear Covid... You can kindly F**k off now thank you BYE."

In the picture, Aniston is seen sporting a grey tank top and orange pants, sitting at an outdoor dining table as she pulls back her hair into a ponytail. The picture received more than 3.5 million likes and the official Oprah magazine Instagram account commented: "Nothing but respect for our President Jennifer Aniston."

According to Fox News, the 'We're the Millers' star's latest post comes just hours after she shared a similar vibe on her Instagram Story from her time being holed up in her Los Angeles residence with her two dogs. In the photo, Aniston is seen sitting in front of her washing machine, watching it spin while the American rapper Tyga's single 'Bored in the House' played on the snap.

 
 
 
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A post shared by Jennifer Aniston (@jenniferaniston) onMay 7, 2020 at 11:14am PDT

Recently, the 'Murder Mystery' star told Jimmy Kimmel that she was finding the shelter-at-home period easier to adjust to than she expected. Aniston told the late-night host in early April during a video appearance on 'Jimmy Kimmel Live,'"I'm a born agoraphobe. This is kind of a dream." She continued, "Not a dream, it's obviously a nightmare. But, me personally, it's not been that much of a challenge. The most challenging thing is watching the news and trying to digest [everything] that's going on out there."

Aniston also surprised Kimball Fairbanks, a cardiovascular nurse from Utah, who contracted the virus with a 10,000 USD gift certificate from Postmates.

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ACID - Astounding Courage In Distress

Even after 70 years of Independence, there is a segment of our society which has not freed from Its narrow-minded mentality. It's a segment of male dominating society which consider women inferior to men and make them deprived of the respect they deserve for. Women is the mother of a society and a good society can never be made without respecting women. There are women in society who decide to fight for their rights. ‘Astounding Courage In Distress’ is the story of such a girl Ruhana, who doesn't loose her hope in adverse conditions and fight bravely for her rights and achieve her target. Ruhana becomes a role model for society. Ruhana, born in a poor Muslim family of Pratapgarh, is a lovely daughter of her parents. Her parents want to educate her so that she can be successful in life. Ruhana is also a hardworking girl. The small family is very happy but one day Abbu (Ruhana's father) dies in a accident. A big struggle starts for the family. Poverty has become a nightmare for them. Ruhana gets the news that her school has organized a race with a prize money of Rs 5000. Ruhana registers her name for the race. She hides this from her mother, Shabana because she won't allow Ruhana to participate in race because of board exams. Abhishek is the sport teacher in Ruhana's school and he is training all participants for this race. Abhishek is very hard at rules. He gets impressed by Ruhana’s hardwork and trains her specially. Meanwhile, Bilaal, a distant relative of Ruhana, comes to India from Dubai for watching a Property. Bilaal is sad for the death of his cousin brother and helps his family in this tough time. Ruhana takes Bilaal as father figure. After some time, he goes back to Dubai. Shabana starts working in a shop. She does mistakes and get insulted. Its painful for Ruhana and therefore she gives training to her mother about all products in the shop. This makes Shabana's job very easy. Ruhana takes all responsibilities of family and simultaneously also prepares for race and board exams. Bilaal comes back India and this time he goes with Shabana, Ruhana to watch a girl for marriage. He rejects the girl and Ruhana makes fun of whole incidence. One day, Bilaal is sitting with his friends and they talk about marriage. His friends advise him of marrying Ruhana as they think she loves him that’s why she is coming so close to him. This changes Bilaal’s way of thinking and he keep this proposal in front of Shabana. He also creates problem in Ruhana’s school life. Shabana asks Bilaal to leave them which makes him furious and he decides to take a revenge on them. He also attacks Abhishek in frustration. Shabana and Ruhana forget this all and starts living happily. Ruhana not only comes first in race but also comes top in her board examination. Everything is going good but suddenly something happens which puts a big question on her future, her dreams, her life. An Acid attack which burns not only her body but also her dreams. Her future depends only on her strong determination. Will the double standard hypocrites of society survive the willpower and strong determination talented girl?




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Collaboration brings cutting-edge prenatal testing to Estonia

An EU-funded knowledge-sharing project has made cutting-edge non-invasive prenatal testing techniques available to couples undergoing IVF in Estonia, boosting chances of pregnancy for those struggling with infertility there.




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WAG Wars! Rebekah Vardy wants Coleen Rooney to apologise for accusing her of leaking fake stories to media

The virtual war between WAGs Rebekah Vardy, 38, and Coleen Rooney, 34, is far from over. It is learnt that Rebekah, wife of Leicester City footballer Jamie Vardy, wants a public apology from Coleen, the wife of former England captain Wayne Rooney, for accusing her in October of leaking fake stories to the press via social media.

While both ladies are currently locked in a legal battle, it is learnt that they will have an arbitration meeting on Zoom this week in a bid to avoid a costly court case, reported British tabloid, The Sun.

"Becky [Rebekah] is adamant she's done nothing wrong and has told her team she wants a public apology," an insider told the newspaper. "She was hurt that Coleen went straight on social media to lay the blame at her door, rather than speaking to her privately. She has maintained her innocence throughout and doesn't want this to be brushed under the carpet without Coleen publicly apologising," added the source.

The two used to be good friends before Coleen claimed in October that Rebekah's Instagram account had been leaking false stories to the press. Subsequently, Rebekah endured a lot of abuse on social media.

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Simona Halep: It's unbelievable how world stopped due to COVID-19!

Wimbledon champion Simona Halep, 28, is pretty shocked to see a global lockdown due to the Coronavirus pandemic. "Not even in my worst nightmares could I think that the globe can stop in such a way. For me, it's a shock because I'm pretty young and haven't gone through too many tough times. This is something that belongs to a fantastic realm. They have stopped travelling, flight in order to avoid affecting our health and well-being. Maybe it's the best interdiction," Simona, 28, told Romanian TV show Garantat 100%.

The former World No. 1, who is currently in isolation at her Bucharest home, is taking "maximum care" to avoid contracting the virus, fearing it could affect her lungs.

"In the beginning, I had this fear but then analysed the situation and figured out that if you protect yourself, everything will be OK but I'm afraid for those with health issues. I fear this virus because even if we are healthy and have good immunity–we may resist it–but it [the virus] will leave us with a serious lung affection. That's why I have decided to take maximum care of myself. That's why I have decided to take maximum care of myself," added Simona.

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Matt Preston: India is bang on trend

Matt Preston likes to dress and stand out in the crowd, and over the nine seasons of food reality show MasterChef Australia, we've seen his dapper style evolve. A flamboyant dresser, he exuded elegance this season with his well-cut suits and tasteful cravats. The 55-year-old journalist and food writer juggles writing and television with equal élan, calling the former his "happy place". "I love nothing more than sharing my adventures in food, whether from my own kitchen or around the world, in recipes and stories. I worked that out with my newspaper and magazine columns plus five cookbooks, last year I wrote my 2,000,000th word about food! Three million here I come!"

The balance, he says, is simple as there is so much waiting when making a TV show, that it gives him the time to write while filming. "Then I travel for five months when we aren't filming," he tells us in an email interview. Edited excerpts:


Matt Preston

Your connection with India is strong. Which Indian chefs do you admire? Any particular dish that makes your mouth water?
So much of the great food I've enjoyed around India is from street stalls and holes in the wall, where the chef doesn't have a PR team, a cookbook or his/her own line of branded chutneys! Largely, I enjoy these simpler places better than the fancy ones. I do, however, try and enjoy the company of Manu Chandra whenever I'm
in India.

Where does Indian cooking stand on the global platform?
Indian cuisine in undoubtedly one of the world's great cuisines and stands proudly alongside the likes of French or Italian in that ranking. The way India is embracing unique, indigenous and wild ingredients — like the gongura I enjoyed in Hyderabad or the kachampuli vinegar I fell in love with in the south west — it's bang on trend. Indian cuisine is also receiving new global prominence, thanks to the explosion of interest in vegan and vegetarian food around the world. With this in mind, Gary [Mehigan, fellow judge] came back from his most recent trip to India raving about fresh green chickpeas and green sorghum; something we seldom see here but which could easily find a place in my kitchen.

Tell us about the creative process of setting the challenges on the show.
A crew of over 200, including a department of challenge producers, is responsible for this. We look for challenges that seem impossible but are achievable, so when accomplished, the excitement, pride and pleasure of the contestants is palpable. This means that a pressure-test dish might be cooked a dozen times to ascertain how long the contestant should be given to achieve it.

What are some of the funny off-the-camera incidents that occurred this season?
Our trip to Japan was a lot of fun. As was spending the week with [Israeli-British chef] Yotam Ottolenghi. Most of the anecdotes are scurrilous, so you'll have to wait for my autobiography!

How did you get into food writing?
A friend gave me a restaurant review column as she knew I was a good cook and had written a column back [about life, music, the arts and politics] in the UK.

How different was food writing back then?
Very much. In many ways, I was once like you are now, I was young but I was happy. I'm still happy but much older and wiser!

What was your first job?
I made tea at the offices of the UK's biggest tea importer. I had a rickety trolley and in a radical move, introduced coffee for the first time.

The show airs Monday to Friday at 9 pm on Star World.





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Twitter to customise Twemojis for Android



On the issue of missing emoji characters on Twitter, the micro-blogging platform has rolled out updated versions of its Twemoji designs for its Android users. This update appears to target users using the Twitter app on Android 4.4 KitKat to Android 7.1 Nougat, tech website Emojipedia reported late on Monday.

Over one-third of the users were reported to be still using Android versions dating back to 2014 or earlier leading to the lack of new emoji support.

The emoji implementation has been done using Google-owned "EmojiCompat library" that was created in 2017 to allow apps to support new emojis even on old systems, giving the app developers a choice of not having to choose Google's own emojis.

"At least 50 per cent of eligible Twitter users should now see this change, with the feature being enabled for more users over the course of this week," Emojipedia quoted Bryan Haggerty, Twitter Design Lead, as saying.

Users, however, would have an option to choose between the native and Twitter emoji set. This feature was being tested on select users since March before being officially rolled out.

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Facebook wants users to give nude photos to stop revenge porn

Representational Image

It may sound audacious to some but Facebook thinks that sharing with a trained employee of the company the intimate images that you fear might go viral in the social networking platforms can help it stop their spread, thereby protecting your privacy.

The social networking giant on Tuesday said it was testing a reporting tool so that people who worry that someone might want to harm them by sharing an intimate image can proactively upload it, which will eventually help Facebook to block anyone else from sharing it on Facebook, Instagram, or Messenger.

Facebook said it entered into partnership with safety organisations on a way for people to securely submit photos they fear will be shared without their consent -- images that are also referred to as "revenge porn" or "non-consensual pornography".

"This pilot programme, starting in Australia, Canada, the UK and US, expands on existing tools for people to report this content to us if it's already been shared," Antigone Davis, Facebook's Global Head of Safety, wrote in a Facebook post.

From anxiety and depression to the loss of a personal relationship or a job, the result of having most intimate moments shared without permission can be devastating for a person.

And while these images harm people of all genders, ages and sexual-orientations, women are nearly twice as likely as men to be targeted, Davis said.

"This week, Facebook is testing a proactive reporting tool in partnership with an international working group of safety organisations, survivors and victim advocates, including the Australian Office of the eSafety Commissioner, the Cyber Civil Rights Initiative and The National Network to End Domestic Violence in the US, the UK Revenge Porn Helpline and YWCA Canada," Davis added.

As part of this initiative, anyone who fears an intimate image of them will be shared can contact one of Facebook's partners to submit a form.

After submitting the form, the victim receives an email containing a secure, one-time upload link. The victim can use the link to upload images they fear will be shared.

Thereafter, one of a handful of specifically trained members of Facebook's Community Operations Safety Team will review the report and create a unique fingerprint, or hash, that allows the social network to identify future uploads of the images without keeping copies of them on its servers.

Facebook said once it creates these hashes, it will notify the victim via email and delete the images from its servers within seven days.

"We store the hashes so any time someone tries to upload an image with the same fingerprint, we can block it from appearing on Facebook, Instagram or Messenger," Davis added.

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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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Writers use food and heirloom recipes to tell stories of love and loss


Pic Courtesy/Saffron and Pearls, Harpercollins India

As a 20-year-old, when Sarina Kamini first learnt that her Australian mother was suffering from Parkinson's, a part of her own Indianness, which her mother had so devotedly brought to the kitchen table at their home in Torquay, died. In a new book, titled Spirits in a Spice Jar (Westland Books, Amazon), Kamini says, it's possibly then that she had "stopped eating Indian food". It's ironic that while she attributes her Indian heritage to her father — he was Kashmiri — it was through her mum that she learnt the traditional family recipes, who in turn learnt how to cook Indian food from her mother-in-law, fondly known as ammi. Cooking these recipes would eventually be a way to heal, helping her make sense of the resentment she felt towards her mother's condition.

If Spirits in a Spice Jar traces the arc of a woman, coming to terms with the illness, another book, Saffron and Pearls: A Memoir of Family, Friendship and Heirloom (HarperCollins India) by Delhi-based Doreen Hassan, recounts how the author, who belonged to a Goan Catholic family, warmed up to her Hyderabadi husband's family and his rich food legacy. Last year, US-based Pakistani writer Bisma Tirmizi revisited her favourite dishes from the subcontinent through a journey of self-discovery of a young, obese girl, in the novel, Feast: With A Taste of Amir Khusro (Rupa Publications).


Doreen Hassan. Pic Courtesy/Saffron and Pearls, Harpercollins India

More writers are now exploring narratives around food, while showing how recipes too, are important to great storytelling. "I set out to tell the story of me, because I was so confused about who I was. I quickly realised that I couldn't understand mum unless I understood her connection to India. From my point of view, the connection was a mix of the material and the mystic [she loves the fashion as much as she appreciates the stories of faith], and food within our family is a real representation of that. Food ties my family to Hinduism through offerings and stories. So I had to write about Kashmiri food. Spices, for me, became the axis point where I could draw all of these thoughts together," says Australia-based Kamini.

Doreen says she started writing the book, with the intention of sharing heirloom recipes she had inherited after marrying her husband, Peter Toghrille Hassan, who is honorary Counsel General for the Russian Federation in Hyderabad. But, as she started work on the book, she "thought it might be interesting for people to know where the recipes came from". "That's how it turned into a memoir along the way," she says. Doreen believes that Hassan family's history is deeply influenced by food, and hence, it was crucial to the memoir too. "When people marry into a family, they often bring their own food traditions with them. It's fascinating to understand it," she says.


Sarina Kamini. Pic Courtesy/Kristy Jane Hoghton

In the book, she writes about the time she struggled with learning to cook, after she and her husband moved to Delhi from Hyderabad, with their two children. She, eventually went back to Hyderabad, and "met Peter's aunt, Zehra Alambardar, whom we called Phuppu Jani, and said, 'Please teach me how to make a few dishes.' She told me that she cooked by andaaz, or instinct. 'Beta, you have to watch and learn. I will make the dishes in front of you, and you write them down.'" That was how Hassan was indoctrinated into cooking.

She remembers the time when her husband invited the famous Pakistani singer Mehdi Hasan, to their home for dinner. "He was to sing at our home, and there would be 100 guests in attendance. I decided to make a Salim bakra, which is an entire goat, stuffed with eggs," she writes. Kamini says her fondest food memory is associated with paneer. "I'd always make sure I was close by when mum or dad began chopping the fresh paneer into pieces; I became adept at stealing bites," she says. Adding, "When I began cooking it for my own two boys, I, too, would have to shoo them away from the chopping block as they made attempts to sneak away with it. This kind of emotional continuity around food is what cements recipes into our hearts."

The Salim Bakra stuffed with chicken and eggs, and served with rice, which Doreen prepared for ghazal singer Mehdi Hasan

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Game review: Being Human is the story of three androids living out human lives

Detroit: Become Human is driven by a melodramatic story set in the US city of Detroit in 2038. The story is told through exploring the day-to-day lives of three androids Kara, Markus and Conrad. How the story unfolds and where it progresses to is all determined by the choices you make while playing these characters. Actions performed affect the people around you and, in turn, affect your interaction with them. There are no wrong or right choices in the game. No matter what you choose, there are people who are going to get disappointed in you.

The story is divided into tiny slices where you play one of the three characters. At the end of the slice you get a story-tree where you can see where the choices you made changes the story and multiple branches where the story could have ended up. The good news is you can replay the game and explore all the different choices. The characters are all-player by actual actors and, needless to say, this game looks amazing, its as close to a real human as a game can probably be right now. The facial movements in the game are well constructed. The world too is carefully crafted with elements of the past integrated with something modern.

It's the way things are now modern integrated with older structures. The three characters you play are also very distinctive and come from different strata of society, giving you a peek of how life might be in the future. Kara for example is an android owned by a violent unemployed man who is bitter about the way his life has turned out, while Markus starts out with a well caring owner that treats him as an equal and Conner is an employee of Cyberlife, the company that makes and sells the Androids and is investigating why the androids are turning into deviants.

The plot is the oldest in the book, which is sad. But the way it plays out and the options you have to make along the way make it more than intriguing. Your choices at times will hurt your soul and that is the object of the game, to make you connect and feel for the choices you make and its consequences. Even the menu narrator doesn't spare you from the emotional drama.

When you start the game, you are greeted by a Cyberlife android that is constantly on screen talking to you. It will make you fill a survey and will slowly and steadily make you feel for it. As mentioned, the core of the game is the story, but there are a few puzzles, some timed single button combat situations also thrown in. But most of the time, especially at the start, you are doing menial tasks: press this to open the door, twist this to wash the dishes and more boring instructions. Even though it was slow and boring, it gave us a window in the life of a robot slave. We wish, however, along with the upgrade in the emotional status they were allowed to do more than just walking to places and activating things.

If we really had to complain about anything, it would probably be the dialogue. It's not bad by any standard, but if it was better, this game could have been something else. Most of the dialogue and reactions are what you would expect someone who just got in to script writing to write. The lines are not crisp and fail to provide a punch, you couldn't or rather wouldn't want to quote any of the characters in the game. If you are looking for a movie experience like no other, Detroit Become Human is perfect for you. It is jam packed with twists turns and is an emotional roller-coaster. Much like a binge worthy series you will want to play this in one go and then repeat till you have explored all options and it doesn't hurt that it looks so good.

Detroit: Become Human
Rating: 4.5/5
Developer: Quantic Dream
Publisher: Sony
Platform: PlayStation 4
Price: Rs 3,999

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Today's Stock Market Crash: 10 Points

Posted by Equitymaster
      

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

Here are 10 points to note...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


This article (Today's Stock Market Crash: 10 Points) is authored by Equitymaster.

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




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

Posted by Equitymaster
      

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

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

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

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

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



    This article (Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points) is authored by Equitymaster.

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




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'What a win', Sourav Ganguly recalls historic 2001 Test against Australia

Former Indian captain and Board of Control for Cricket in India (BCCI) president Sourav Ganguly on Wednesday recalled the historic Test victory against Australia at Eden Gardens in Kolkata in 2001.

A user had shared the celebratory moments from the 2001 Test. On that post, Ganguly commented, "What a win." In that Test, India clinched a 171-run win over Australia and became the third team in the history of Test cricket to win a match after being forced to follow-on.

Australia had made 445 in their first innings, courtesy Steve Waugh's brilliant hundred. However, it was Indian spinner Harbhajan Singh who stole the show at Kolkata with his spectacular seven wickets, including the first hat-trick in India's Test history.

In its first innings, India folded for 171 runs and were asked to follow-on by Australia. The Sourav Ganguly-led side played cautiously in the second innings and lost three wickets for 115 runs. India lost Ganguly in the 67th over of the innings, with the side getting reduced to 232/4.

Rahul Dravid joined VVS Laxman in the middle. The next 104 overs were a nightmare for the Aussies as the Indian duo stitched a 376-run stand to revive the innings and helped the team stage a dramatic comeback in the match.

Dravid scored 180 runs, while Laxman slammed 281, his highest score in Test cricket. India gave a target of 384 runs to Australia. However, the Waugh-led side were not able to achieve the target and bowled out for 212, handing India a massive win.

Harbhajan was again the pick of the Indian bowlers as he scalped six wickets. The Eden Gardens Test is best remembered for India's miraculous revival in the second innings and Laxman's knock of 281 runs, which was one of the most marvellous innings played in the modern era. Laxman's stunning innings also halted Australia's record of 16 successive Test wins.

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Ben Stokes: Steve Smith is strange but a genius

England's Ben Stokes has said his Australian rival and IPL teammate Steve Smith is a "genius" as well as "strange" as he hailed the number one Test batsman. "He's still strange to play against and he's still strange to play with. And the best thing about it is that he admits it," Stokes said in a podcast broadcast by their Indian Premier League side Rajasthan Royals on Tuesday. "But I feel to be a genius you have to be a bit strange and you know he's certainly both," Stokes said from Britain. "Personally, I could not think about cricket in the way that he does when it comes to batting.

I could never be like that. Obviously, he's on all the time but that's why he averages 60-plus in Test cricket." The 30-year-old Smith averages over 62 in 73 Tests and improves to 65.11 when playing against arch-rivals England. Smith was the leading scorer in the 2019 Ashes in England, retained by Australia after the series finished 2-2, with a whopping 774 runs in four matches.


Ben Stokes

"Even though he plays for Australia, biggest rivals England and Australia, you've just got to hold your hands up sometimes to players like that and go 'yeah you're on a different level when it comes to batting,'" said Stokes, who scored 441 runs in five matches during the series. "You have to be on a different level with something to be like those guys when it comes to batting." The flamboyant all-rounder also threw his backing behind Test cricket, saying the five-day format is the "pinnacle" for him and there is no room to tinker with it.

The International Cricket Council has floated the idea of four-day Tests to deal with the cluttered cricket calendar, but the plan met with intense criticism from many within the game.

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Ben Stokes will run half marathon to raise funds for health workers

England star all-rounder Ben Stokes will run his first ever half marathon on Tuesday to raise funds for the National Health Services (NHS) Charities Together and national children's cricket charity Chance to Shine. The 28-year-old all-rounder who admitted that the longest he had ever run was 8 km, will be running a half marathon near his home. "A half marathon is always been something that I've thought about doing a but never really got around to overdoing it. Obviously we have been in lockdown so I thought what a great option to go out and if I'm going to do it I might as well try and raise some funds for a good cause," Stokes said in an Instagram video.

Stokes got inspired by the efforts of three men who ran full marathons in their back gardens over the weekend. "I will be hopefully inspiring people to make some donations towards the Cricket Garden Marathon, I'm just trying to add some more funds to what they've managed to do for the great cause," said Stokes. "I've done absolutely no training, the longest distance that I've ever run is 8 kilometres. So, I don't even know I'm going to be able to complete it but hopefully, I can," he added.

The left-handed Stokes on April 8 became the first English cricketer since 2005 to be named as Wisden's Leading Cricketer in the World. In 2005, Andrew Flintoff was named as Wisden's Leading Cricketer of the Year.

The year 2019 proved as an instrumental year for Stokes as he played a key role in England's first 50-over World Cup win and then he went on to play a memorable inning against Australia during the third Ashes at Headingley.

Also, the English all-rounder was named as ICC's cricketer of the year in January 2020.

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

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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




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Ben Stokes completes half marathon for NHS charities

England star all-rounder Ben Stokes on Tuesday ran his first half marathon to raise funds for the National Health Services (NHS) Charities Together and national children's cricket charity Chance to Shine. The 28-year-old all-rounder completed the run in the one hour 39 minutes and 41 seconds. Stokes who has played 63 Test and 95 ODIs for England completed the marathon near his home and made an appeal to fans to donate towards the foundation.

"Please donate! That was so hard! it's all for a great cause: the NHS Charities Together and Chance to Shine foundation if you can please go and donate," said Stokes in a video posted on Instagram. "Guys please check my story if you are able to help out and donate towards @NHSCharities and @Chance2Shine ..I've just competed a half marathon to support the 3 guys with their efforts to raise money who did a full marathon in their back gardens," wrote Stokes on Instagram.

The left-handed Stokes on April 8 became the first English cricketer since 2005 to be named as Wisden's Leading Cricketer in the World. In 2005, Andrew Flintoff was named as Wisden's Leading Cricketer of the Year. The year 2019 proved as an instrumental year for Stokes as he played a key role in England's first 50-over World Cup win and then he went on to play a memorable inning against Australia during the third Ashes at Headingley.

Also, the English all-rounder was named as ICC's cricketer of the year in January 2020.

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

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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




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Oil market crashes further after US's historic low

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

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

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

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

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




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Coronavirus Outbreak: Drivers stop to pick up spilled face masks, cause huge traffic jam

With the Coronavirus outbreak wreaking havoc across the globe with millions of people being infected and scores of lives claimed, government have made wearing face masks mandatory for people. The decision has made face masks a prized commodity for people.

Traffic in California came to brief halt after drivers had stopped to pick up face masks that were littered on the road. Although it is not clear how the masks ended up spilled on the highway, CBS reported that a man was spotted throwing boxes of masks on the road from a white truck.

The California Highway Patrol-Hayward posted pictures of the incident on their Facebook page where scores of masks were found lying on the southbound lanes of Interstate 880. “Multiple individuals stopped in lanes and stepped out of their vehicles to pick up masks,” read the post, adding that debris has been cleared and the lanes were opened.

The post also appealed drivers not to step out of their vehicle on an active freeway. Many users commenting on the post criticized the driver who reportedly threw the mask on the road, instead of donating it. One user said, “Just terrible! That person has no respect.” Another user said, “The highway does not have a need for medical masks. Therefore, I would have donated to an entity that did! A user said, “What a waste of something necessary now.”

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Even COVID-19 couldn't stop this bride from visiting her grandmother on her wedding day!

In a touching gesture, a bride ensured her grandmother staying in an assisted home gets to be a part of her wedding by visiting her on her big day amid the Coronavirus scare. Shauna Varner from Minnesota stopped at nothing to involve her grandmother Janis Krueger in her wedding, even if it was from behind the glass door.

Varner and her fiancé Travis Scepaniak had planned a big wedding but had to call it off and smaller ceremony with a small number of guests due to the Coronavirus pandemic. As it was impossible to get Krueger out of the assisted home, Varner came up with an idea to get the administration there involved to help her.

The assisted home shared the heartfelt moment of  Varner making her bridal debut in front of Janice on their Facebook page, with the caption that read, “COVID-19 cannot stop true love.” The post, which concluded with the home conveying their wishes to the couple, also read that love radiated between the grandmother-granddaughter duo as soon as the bride got out of her car.

The post shared last week garnered more than 105680 views on Facebook with over 2,600 likes and was shared 531 times. Users commenting the video praised the bride’s gesture and conveyed their best wishes to the couple.

A user said, “This is so sweet that they would come to visit Grama and make her part of their special day! Congratulations to the happy couple and your families! Your dress is beautiful and the groom looks pretty good too!” Another user said, “How beautiful grandma could still participate ! Love has no boundaries ! Wonderful that the facility help make a dream come true!” One user said, “Wow!!! Goosebumps and tears! How very special!”

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today

Posted by Equitymaster
      

Indian share markets ended their trading session lower yesterday.

Benchmark indices edged lower tracking weak global cues as investors fretted over weak economic data and rising COVID-19 cases.

Barring energy stocks, all sectoral indices ended on a negative note with stocks in the power sector, telecom sector and consumer durables sector witnessing most of the selling pressure.

At the closing bell yesterday, the�BSE Sensex stood lower by 242 points and the�NSE Nifty�closed down by 72 points.

The SGX Nifty�was trading at 9,200, down by 53 points, at the time of writing.

The�BSE Mid Cap�index and the�BSE Small Cap�index ended their day down by 0.5% and 0.1%, respectively.

Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here -�This is When the Stock Market Will Bottom Out

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

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FREE Guide for You: Find the Next Crorepati Stock in this Futuristic Industry

Tanushree Banerjee, the co-head of research, just shared her latest guide:

Find the Next Crorepati Stock in this Futuristic Industry

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.
------------------------------

Top Stocks in Focus Today

From the pharma sector, Dr Reddy's Laboratories share price will be in focus as the company announced that the its NDA (new drug application) Elyxyb ((celecoxib oral solution 25 mg/mL) has been approved by the US Food and Drug Administration.

The drug is indicated for the acute treatment of migraine with or without aura in adults.

From the IT sector, HCL Technologies share price will also be in focus as the company reported a 22.8% year-on-year (YoY) rise in consolidated net profit at Rs 31.5 billion compared with Rs 25.7 billion in the same quarter last year.

Revenue for the quarter rose 16.3% YoY to Rs 185.9 billion from Rs 159.9 billion reported in the year-ago quarter. In dollar terms, revenue rose 11.7% YoY to US$ 2,543.40 million from US$ 2,277.80 million. On a sequential basis, dollar sales were flat. Sales growth in constant currency terms rose 13.5% YoY to US$ 2,584.60 million.

To know more about the company, you can read HCL Technologies' Q4FY20 result analysis on our website.

Market participants will also be tracking RBL Bank share price, Cyient share price and Gillette share price as these companies announced their March quarter results yesterday.

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

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Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss

Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event.

And with the corona crash, this opportunity has only become even more exciting.

And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run.

So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours.

Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE.

Click here to find out how you can claim your FREE copy
------------------------------

GSK Sells Stake in HUL via Block Deal

From the FMCG sector, Hindustan Unilever (HUL) share price will be in focus as the UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals yesterday.

According to the term sheet, over 133 million shares are being offered in the range of Rs 1,850-1,950 to investors through a special block window. The deal will be valued roughly between Rs 246 billion to Rs 259 billion.

GSK and�Horlicks�are selling up to US$ 3.4 billion worth of HUL shares through what could be India's biggest secondary market block trades.

The British drug maker is looking to monetise about 5.7% of�HUL stock it had got after last year's merger of GSK Consumer Healthcare and HUL.

As per the scheme of amalgamation amongst GSK Consumer Healthcare and HUL, GlaxoSmithKline Pte had received 54.08 million shares of HUL, meanwhile Horlicks received 79.69 million shares.

Accordingly, parent company Unilever Plc and group companies' stake in HUL reduced to 61.9%, from 67.2% earlier after the issue of new shares.

Yes Bank Q4FY20 Results

Yes Bank reported better-than-expected March quarter (Q4FY20) results.

Yes Bank�posted a net profit of Rs 26.3 billion on the back of one-time gain attributed to an exceptional item of Rs 63 billion.

The bank has written-down additional tier-1 bonds as part of its planned reconstruction scheme, leading to a one-time gain of Rs 63 billion.

In the absence of the exceptional gain, the bank would have reported a net loss of Rs 36.7 billion.

The bank had reported a net loss of Rs 15.1 billion a year ago, while the same was Rs 185.6 billion in Q3FY20.

The bank's net interest income (NII) for the March quarter came in at Rs 12.7 billion, up 19.6% sequentially.

Net interest margin (NIM) for Q4FY20 came in at 1.9%, compared to 3.1% a year ago.

On the asset quality front, gross non-performing assets (NPA) fell 19% QoQ to Rs 328.8 billion, mostly on account of write-offs.

The bank's deposits plunged to Rs 1.05 lakh crore, down 54% YoY compared with Rs 2.27 lakh crore.

Meanwhile, Advances declined 29% YoY to Rs 1.7 lakh crore from Rs 2.4 lakh crore in the year-ago quarter.

For the financial year 2019-20 (FY20), the private lender posted a loss of Rs 164.2 billion, on a standalone basis, compared to net profit of Rs 17.2 billion in the previous year.

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

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of�The 5 Minute WrapUp...

  • Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.

    The Modi government is looking at various ways�to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.

    Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.

    Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this�megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the�Rebirth of India.�You can read about them here.

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



This article (Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today) 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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Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally

Posted by Equitymaster
      

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

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

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

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

--- Advertisement ---
FREE Guide for You: Find the Next Crorepati Stock in this Futuristic Industry

Tanushree Banerjee, the co-head of research, just shared her latest guide:

Find the Next Crorepati Stock in this Futuristic Industry

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.
------------------------------

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

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

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

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

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

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

--- Advertisement ---
Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss

Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event.

And with the corona crash, this opportunity has only become even more exciting.

And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run.

So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours.

Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE.

Click here to find out how you can claim your FREE copy
------------------------------

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

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

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

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

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

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

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

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

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

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

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

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



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

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




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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.

--- Advertisement ---
FREE Guide for You: Find the Next Crorepati Stock in this Futuristic Industry

Tanushree Banerjee, the co-head of research, just shared her latest guide:

Find the Next Crorepati Stock in this Futuristic Industry

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.
------------------------------

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.

--- Advertisement ---
Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss

Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event.

And with the corona crash, this opportunity has only become even more exciting.

And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run.

So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours.

Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE.

Click here to find out how you can claim your FREE copy
------------------------------

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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Asian Paints stock falls amid report Reliance Industries to sell 4.9% stake

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE




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Franklin Templeton Debt Fund crisis: When and how much money will investors get back

Franklin Templeton: The fund house has not given any clear indication about the possible timeline within which it will liquidate all its investments and return investors' money




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Will RBI's Rs 50,000 crore boost for mutual funds allay investors' fears?

Besides lending against securities held by MFs, banks have been allowed by the RBI to do outright purchase of more than 25 per cent of Hold Till Maturity (HTM) securities in mutual funds portfolios in the absence of liquidity in the secondary market




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5 takeaways for Indian investors from Warren Buffett's Berkshire AGM

The lesson here is don't marry your stocks. If your original investment thesis fails, you shouldn't shy away from exiting your positions




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Coronavirus impact: Equity MF inflows plunge 47% in April as investors turn cautious

Coronavirus news: Fears ran amok that Franklin Templeton closing its six debt mutual fund schemes may trigger outflows from debt mutual funds. However, net outflows were only seen in credit risk and medium duration categories




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Tax-News.com: British Columbia Announces Tax Breaks For Gas Investors

British Columbia is to offer a provincial sales tax exemption to a proposed new liquefied natural gas project.




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Tax-News.com: India To Probe Chinese 'Dumping' Of Fluoroelastomers

India's Department of Commerce has initiated an anti-dumping investigation into Fluoroelastomers from China.




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Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD."




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Tax-News.com: Hong Kong To Ensure ITVF Tax Break For Offshore Investors

Hong Kong's Government has published a draft law preserving the profits tax exemption for offshore venture capital funds who participate in the island's new Innovation and Technology Venture Fund.




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Tax-News.com: EU Auditors Concerned By Customs Tax Loopholes

EU customs controls are not being applied effectively, an EU audit has found, with importers able to take advantage of loopholes to reduce or evade their duty liabilities.




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Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD."




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Tax-News.com: Germany Urged To Ensure Data Sharing On Call-Off Stock Arrangements

Germany's IT systems are not ready for the VAT "quick fix" simplifications that entered into force on January 1, 2020, according to the European Commission.




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More Plant-based Diet Without Stomach Troubles: Study

New study succeeded in breaking down FODMAPs with enzymes and producing unique, stomach-friendly plant-based food products. The findings of the study




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Press Release: Ganga floodwater to be stored underground

A new initiative launched in Uttar Pradesh could revolutionize flood management while at the same time boost groundwater stocks for dry season irrigation.




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Heart-stopping Impacts Of Air Pollution

Risk of out-of-hospital cardiac arrest (OHCA) increases several folds from short-term exposure to low concentrations of delicate particulate matter PM2.




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MongaBay.com: Restoring tank irrigation can strengthen rural climate resilience

Less than 10 percent of defunct tanks have been restored over the past two decades according to researchers.




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The Maharashtra Covid-19 cases stood

The Maharashtra Covid-19 case toll stood at 12,974, while Mumbai Metropolitan Region crossed 10K cases with 27 new deaths on Sunday, the eve of lockdown 3.