India cricketer and star opener Shikhar Dhawan's daughter Aliyah turned 20 on Tuesday and the doting father posted a cute Instagram video dancing alongside her. "Happy birthday my angel! May you forever sparkle and shine like the star that you are. I miss you so much. Take care and enjoy your day @aliyah_dhawan," Shikhar, 34, captioned his video.

 

 

 

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Happy birthday my angel! May you forever sparkle and shine like the star that you are. I miss you so much. 🤗 Take care and enjoy your day ❤️ @aliyah_dhawan

A post shared by Shikhar Dhawan (@shikhardofficial) onMay 4, 2020 at 11:40pm PDT

Meanwhile, Aliyah's mum Ayesha also posted a sweet message for her eldest daughter. "My partner in crime for life. My ride or die!!! This beautiful young lady is my soul, my heart my life!!! You are the reason I am who I am today! God bless you @aliyah_dhawan love you dearly #HAPPY 20th BIRTHDAY MY INSPIRATION," Ayesha wrote.

 

 

 

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My partner in crime for life. My ride or die!!! This beautiful young lady is my soul, my heart my life!!! You are the reason I am who I am today! God bless you @aliyah_dhawan love you dearly #HAPPY 20th BIRTHDAY MY INSPIRATION 🎂🎁🎉💕🎈

A post shared by Aesha Dhawan (@aesha.dhawan5) onMay 4, 2020 at 9:53pm PDT

Ayesha Dhawan, 44, has two daughters, Rhea, 14, and Aliyah from a previous marriage. Shikhar and Ayesha fell in love and got married in October 2012. In 2015, the couple welcomed their son, Zoravar.

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New York: The idea formed on a day when all the news headlines were dire. The coronavirus was surging worldwide; Nashville had lost lives in a devastating tornado and children had their lives upended as they separated from beloved classmates to shelter at home.

But only bad news is never the whole story. Days later, The Associated Press started its daily series 'One Good Thing' to reflect the unheralded sacrifices made to benefit others that normally wouldn't make a story, but maybe always deserved one.

Since March 17, when a Norwegian mom tried to soften the blow of birthdays under quarantine for her two teens by asking via social media that people reach out to them, there have been 35 stories about the ways that everyday people have tried to make a positive difference in the lives of others. The gestures have been grand and small, some as simple as chalk-written messages on a sidewalk thanking healthcare workers at a New Orleans hospital for their efforts.

Music has been a central theme. The series has included stories about a Rio firefighter sharing his love of music from a hydraulic ladder 150 feet up as he played the trumpet for cooped-up apartment dwellers; a virtual rendition of 'Bolero' from the National Orchestra of France, with each musician playing alone at home; the virtual Corona Community Choir with members around the world, performing on Sundays.

If music soothes the soul, food feeds it. There have been six stories that tell of benefactors feeding health care workers, the poor, the elderly shut ins, even volunteers feeding hungry animals at a revered Hindu temple in Kathmandu, Nepal.

There have been meals from Brooklyn caterer Israel Frischman for Holocaust survivors who are shut in. The day after the story ran, donations poured in and now Frischman has financial backing for the needed meals.

And simpler fare from the 'Solidarity Menu' started by Emiliano Moscoso who employed his hamburger chain of restaurants in Colombia to feed poor neighborhoods in Bogota.

The delivery of lifesaving supplies has been a storyline as well, from the professional cyclist in Italy who has gone from racing against competitors to racing medicine to those in need, to Yale student Liam Elkind's delivery service. A month after reporting on Elkind's 'Invisible Hands' effort which he started with a friend, he reports that it's ballooned.
'We're making over 1,000 deliveries a week now, and over 10,000 volunteers have joined our group. I feel like I haven't slept in decades, but, honestly, I've never felt more energized,' he said.

Heroes have emerged in youth, from Nova Knight, a 5-year-old firecracker in Alaska imploring her cohorts to wash their hands and postpone playdates, to 16-year-old TJ Kim, who can't drive, but can fly. He uses those skills to deliver much-needed medical supplies across rural Virginia.

The stories have circled the world, from Colombia and Nepal, to Italy, Germany, France, Spain, Brazil, Israel, Indonesia and South Korea where Kim Byung-rok, a shoe cobbler, donated land to help raise money for the fight against the virus.

In the month of stories about the goodness of others, it's no surprise when we doubled back to the previous subjects of the coverage, AP journalists found the obvious: the givers' giving has expanded.

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Joining more than 1,000 others, Djemba Diatite stood for hours in line to feed her growing family, grateful for handouts of fruits, vegetables and soap. It was her first time accepting charity, but she had no choice. The pandemic has turned her small world upside down.

With open air markets closed, supermarket prices skyrocketing, an out-of-work husband, two children to feed and another on the way, Diatite said even tomatoes are now too expensive. "This is my only solution," she said.

Clichy-sous-Bois — where fiery nationwide riots started in 2005 — is just 23 km northeast of the French capital, but with its rows of housing projects, restless youth and residents teetering on the poverty line, it feels light years away.

The town mayor, seeing a looming crisis triggered by food shortages, sounded the alarm, and with scattered unrest simmering in impoverished suburbs, the French government announced a plan for urgent food assistance of 39 million euros for communities in need. "I feel the social crisis is growing with confinement," said Clichy-Sous-Bois Mayor Olivier Klein. The government will detail to parliament on Tuesday how it plans to pull the country out of the lockdown.

Boris to be back to work from Monday

British Prime Minister Boris Johnson will return to work at 10 Downing Street in London on Monday. The 55-year-old has been recuperating at his prime ministerial countryside retreat at Chequers since he was discharged on April 12 and had put UK Foreign Secretary Dominic Raab in charge as his deputy. Johnson is reportedly "raring to go" and will be back to an initially light work schedule from next week, starting with a meeting with UK Health Secretary Matt Hancock.

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British Prime Minister Boris Johnson and fiancee Carrie Symonds announced the birth of a 'healthy baby boy', delivered at a government-run hospital in London on Wednesday. The birth is believed to be slightly premature but both mother and baby are said to be doing very well.

Prime Minister of United Kingdom Boris Johnson and his fiancee Carrie Symonds blessed with a baby boy: UK Media. (File pic) pic.twitter.com/uSQcWcureI

— ANI (@ANI) April 29, 2020

"The Prime Minister and Symonds are thrilled to announce the birth of a healthy baby boy at a London hospital earlier this morning, a spokesperson for the couple said on Wednesday.

"Both mother and baby are doing very well. The PM and Symonds would like to thank the fantastic NHS (National Health Service) maternity team, the spokesperson said.

The news comes days after Johnson, 55, returned to 10 Downing Street on Monday after his hospitalisation for complications from COVID-19. He had been recuperating at his Chequers countryside retreat in Buckinghamshire, where he was joined by his pregnant fiancee.

👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏 pic.twitter.com/83HkS1Vjhx

— Carrie Symonds (@carriesymonds) April 9, 2020

Symonds had taken to Twitter earlier this month to express her relief at Johnson's discharge from hospital with a series of clapping hands emoticons alongside a picture of a rainbow, which has emerged as the symbol of support for the country's NHS through the course of the pandemic fightback.

The 32-year-old herself had been previously self-isolating with the couple's dog Dilyn after she developed symptoms of coronavirus but later revealed she was on the mend. The couple had announced their engagement at the end of February, when it was also revealed that they were expecting their first baby in the summer.

The last child born to a sitting UK prime minister belonged to David and Samantha Cameron, who welcomed Florence Rose Endellion into their family in August 2010. Symonds, who works for an ocean conservation charity, met Johnson during her time as the communications chief for the Conservative Party.

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Australian flag carrier, Qantas on Tuesday extended international flight cancellations till the end of July, but said that it was in a strong position to endure disruptions caused by the COVID-19 pandemic.

The company said that domestic flights would be cancelled till the end of June and international services until the end of July, adding that domestic and trans-Tasman services could be quickly reinstated should restrictions ease in coming weeks, reports Xinhua news agency.

"Australia has done an amazing job of flattening the curve and we're optimistic that domestic travel will start returning earlier than first thought, but we clearly won't be back to pre-coronavirus levels anytime soon," Group CEO Alan Joyce said.

"With the possible exception of New Zealand, international travel demand could take years to return to what it was."

The company, which includes budget branch Jetstar, also revealed it had secured a further A$550 million ($354 million) in debt funding, placing it in a stronger position to endure the COVID-19 crisis.

According to Qantas, by reducing expenditure and borrowing against its fleet of aircraft, the company could survive several recovery scenarios, including one where current travel restrictions persisted until December 2021.

The reduction in expenditure is largely due to the standing down of more than 25,000 staff who were forced to use leave entitlements before receiving delayed financial assistance from the government.

"The impact of this stand down is deeply regrettable but has been greatly softened by the Australian Government's JobKeeper program, which the Group commenced paying several weeks ahead of the official payment start date," the airline said in a statement.

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India's Central Board of Direct Taxes has launched a consultation on changes to the country's tax ruling process and forms to enable the country to exchange information on tax rulings with other countries' tax authorities, as proposed by the OECD in its base erosion and profit shifting (BEPS) project.

The Dutch Ministry of Finance announced on February 1, 2019, that the work-related costs scheme will be improved from 2020.

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

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.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

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

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later 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, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

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.

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

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

JM FINANCIAL share price has plunged 5% and is presently trading at Rs 66.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top losers in the BSE 500 Index today are JM FINANCIAL (down 5.1%) and LAURUS LABS LTD (down 8.3%).

TV18 BROADCAST (up 9.0%) and E.I.D. PARRY (up 7.3%) are among the top gainers today.

Over the last one year, JM FINANCIAL has moved down from Rs 85 to Rs 66, registering a loss of Rs 19 (down 22.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.2%) and NAVIN FLUORINE (up 117.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.4%). ZEE ENTERTAINMENT (up 5.0%) and RELIANCE IND. (up 4.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.61%).

JM FINANCIAL Financial Update...

JM FINANCIAL net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 8.0% to Rs 8.3 billion during the period as against Rs 9.0 billion in October-December 2018.

For the year ended March 2019, JM FINANCIAL reported 14.5% increase in net profit to Rs 11.1 billion compared to net profit of Rs 9.7 billion during FY18.

Revenue of the company grew 16.1% to Rs 35 billion during FY19.

The current Price to earnings ratio of JM FINANCIAL, based on rolling 12 month earnings, stands at 6.6x.

This article (JM FINANCIAL Plunges by 5%; BSE 500 Index Up 1.2%) 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.

A new tax treaty incorporating the latest international tax standards was signed by France and Luxembourg on March 20.

On December 18, 2018, Luxembourg's parliament approved legislation that will implement the European Union Anti-Tax Avoidance Directive.

The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income.

The South African Revenue Service on April 6, 2018, warned taxpayers that they are expected to declare cryptocurrency gains or losses in calculating their taxable income.

Jio has introduced an annual work-from-home annual plan for Rs 2399 that gives its users 2GB daily data. It has also brought in three work-from-home add-on plans.

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

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

Share price of Tata Motors slipped 2.36% intra day to Rs 84.85 compared to the previous close of Rs 82.50 on BSE

TRA2020 conference in April 2020 has been cancelled

More information

The Financial Services Development Council released a report on March 3 on the policies, including tax measures, Hong Kong could adopt to improve its position as an insurance hub, especially in reinsurance, marine insurance, and captives.

Jio has also announced new add-on data packs under work from home theme

Ernst and Young Solutions LLP, Singapore, has released its wish list for the Singapore Budget 2018, calling for reforms to sharpen the territory's competitiveness.

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act.

The Inland Revenue Authority of Singapore on February 23, 2018, released the fifth edition of its Transfer Pricing Guidelines for income tax.

The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore.

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.

The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year.

Canada's Revenue Minister has provided an update on the progress made by the Government in addressing tax evasion and aggressive tax avoidance.

The Malaysian tax agency on December 1 released guidance on whether gifts provided for no consideration can be excluded from the goods and services tax net.

Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes.

The crisis served as a wake-up call for banks whose digital operations were growing at a snail's pace. They have started embracing the change

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting.

French Prime Minister Edouard Philippe has said that France should prioritize tax cuts following the conclusion of a three-month national consultation on the Government's economic and tax policies.

French Prime Minister Edouard Philippe announced on April 30, 2019, that plans for reductions in personal and corporate income tax will be released by the Government in June 2019.

On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers.

According to a recent study, each year as many as 40,500 critically ill U.S. hospital patients die with an unknown medical condition that may have caused or contributed to their death.

Canada's small business tax rate will be reduced from 10 percent to nine percent from January 1, 2019, as part of a suite of new year tax changes.

Canadian Finance Minister Bill Morneau has made tax non-compliance in the real-estate market a major focus of his 2019 Budget.

The European Commission has released a paper recommending improvements to France's "inefficient" value-added tax system, including that the country do away with broadly applying reduced VAT rates.

UK tax authority HM Revenue and Customs has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs' Relief by turning what would be income into a capital gain.

The Cyprus Government has announced a number of extensions to tax return filing dates.

HM Revenue and Customs has updated its value-added tax guidance for online marketplaces and for suppliers using them to sell to UK consumers.

Ovarian cancer cells become detached from their point of origin and shift using fats as an energy source, according to Benjamin Bitler, PhD, and CU Cancer

Structural and biochemical differences among anticancer medications PARP inhibitors were linked to differing capacities to kill cancer cells, according

Aspirin was found to be associated with reduction in the risk of several cancers of the digestive tract, stated new study. The largest and most comprehensive

Olanzapine decreases the risk of nausea and vomiting among patients with advanced cancer, according to the study published in iJAMA Oncology/i. Charles Loprinzi, M.

The Philippines' House of Representatives on September 9, 2019, approved two bills to overhaul the rates in place on financial services and passive income.

On October 9, 2019, the British Virgin Islands International Tax Authority has finalized rules governing the application of the territory's new economic substance requirements, which became effective from January 1, 2019.

The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax.

The International Chamber of Commerce has warned that micro-, small-, and medium-sized businesses' growth prospects are being stymied by complex indirect tax regimes. It has released an issues brief that is intended to contribute towards international reform talks being led by the World Trade Organization.

On September 23, 2019, the French Government outlined a number of measures that will be included in the 2020 Finance Law to ensure the payment of value-added tax on items bought by French residents from online marketplaces.