The fifth season of the ABB FIA Formula E Championship has kicked off in style in December 2018 with the SAUDIA Ad Diriyah E-Prix. Since then, the Championship’s 22 participating Gen2 electric cars and drivers have been crisscrossing the planet in 13...

Defying congressional oversight concerns, U.S. President Donald Trump’s acting director of national intelligence on Friday unveiled organizational changes to his agency.

There has been talk for some time now about easing labour laws, already seen in industry circles as being too rigid and acting as a drag on growth, specifically to facilitate emerging from the lockdown. And it’s not just a question of emerging from it, there’s also the issue of surviving what looks like being a brutal and prolonged global economic downturn. It was reported on Friday that ordinances were being issued in some states.

Defying congressional oversight concerns, U.S. President Donald Trump’s acting director of national intelligence on Friday unveiled organizational changes to his agency.

… as her GP practice was threatened with closure over staff shortages Follow our live coronavirus updates here Coronavirus: the symptoms

Carrie Symonds has signed a petition calling for a worldwide ban on live animal meat markets after coronavirus is thought to have emerged at a "wet market" in Wuhan, China.

The pair announced they have welcomed a baby boy

Boris Johnson and Carrie Symonds have welcomed the arrival of their first child together.

A man has been arrested after protesters in London took part in a group hug outside Met Police's headquarters in defiance of the coronavirus lockdown.

Anne Elkins from The Felix Project shares her story You can donate here virginmoneygiving.com/fund/FoodforLondonNOW

2k has a new promotion during the pandemic they are offering a free game each week. I have little info about this but I'm playing mafia 3 on xbox one currently. feel free to post with details if you want. I barely remeber playing this on last gen, I think I played a few hours and quit. now though I'm really enjoying it as a time-filler, it's a good gta rip-off.

1. Coronavirus Lockdown 3.0: Suspension of labour laws by fiat can only be an immediate-term response to the...  Firstpost
2. Odisha govt extends work shift to 12 hours  The Hindu
3. Now, Maharashtra tweaks labour laws to increase working hours  The Hindu
4. View Full coverage on Google News

Follow our live coronavirus updates HERE Fiancee Carrie Symonds said: "There were times last week that were very dark indeed"

(Pias)
Since his last outing, the south London musician and producer has eased up and moved to Margate. Yet this atmospheric return still carries the weight of the world

Ghostpoet – the brooding alias of south London-born Obaro Ejimiwe – is roughly a decade old this year. This dour bard has long been an artist ahead of his time. A track such as Cash and Carry Me Home, one of the highlights of his eclectic, jazz-inflected debut album – 2011’s Peanut Butter Blue and Melancholy Jam – defied genre as it mourned the self-inflicted pain of one drink too many. It now locates Ghostpoet as roughly adjacent to the south London jazz renaissance of the past few years – a multi-hyphenate scene in which most things go. Were it to be released today, its languorous, self-aware aperçus would find an even more receptive audience.

Marco Bellocchio’s mafia movie The Traitor topped last night’s David di Donatello Awards, Italy’s national film awards, scooping six prizes including Best Film. The movie also won Director for Bellocchio, Screenplay, Actor for Pierfrancesco Favino, Supporting Actor for Luigi Lo Cascio, and Best Editing. It premiered at Cannes last year before going on to gross […]

Jerry R. Williamson, a promoter of the American Rights Litigators/Guiding Light of God Ministries (ARL) formerly based in Florida, pleaded guilty today to mail fraud. Williamson appeared today before Judge Henry H. Kennedy Jr. in Washington, D.C., and admitted that he that he sent a fictitious “Bill of Exchange” purporting to be drawn upon the U.S. Treasury to the Bureau of Land Management of the Department of the Interior.

A Vietnamese national has been indicted in the District of New Hampshire for allegedly participating in an international scheme to steal and sell hundreds of thousands of Americans’ personally identifiable information (PII) through various underground websites that he operated.

When it opened last week for the first time since mid-March, Nomads Canteen in San Clemente quickly filled with customers eager to get out of the house and return to some sense of normalcy amid the COVID-19 pandemic.

Gov. Gavin Newsom's administration sent letters to Modoc, Sutter and Yuba counties warning that the areas could be ineligible for disaster funding unless they adhere to the state's coronavirus reopening plan.

Lewis Hamilton is focused on helping McLaren bounce back, after his retirement from the Hungarian Grand Prix knocked him off the top of the drivers' championship

Meetings have been arranged to address the issues around the safety car regulations that arose after Sunday's European Grand Prix

Red Bull boss Christian Horner has called on the FIA to rein in Mercedes' advantage over the rest of the field after admitting Renault had a 100bhp deficit to the world champions at the season-opening Australian Grand Prix

The reactive suspension system pioneered by Lotus for the 2012 system has been banned for the new season, according to reports

Ferrari's team principal and team manager have been summoned by the stewards after they appeared to implement team orders at the German Grand Prix

The FIA's Jo Bauer on Sunday eased a burgeoning controversy about flexible front wings

The FIA's World Motor Sport Council (WMSC) will consider Ferrari's team orders breach on 8 September

The FIA has sent technical delegate Charlie Whiting to inspect US F1's factory, after reports suggested the Charlotte-based squad is way behind on its chassis build and in financial trouble

The FIA has finally broken its silence over concerns surrounding the 2010 championship, with a spokesman saying that the entry list will be published "soon"

The FIA has re-opened the selection process to allow a 13th team to join the grid in 2011

Formula One's race director Charlie Whiting has revealed that he told Ferrari three times to let Robert Kubica back through after Fernando Alonso illegally overtook him at the British Grand Prix

Forget for the moment about to what degree climate change has influenced the flooding in Pakistan. A new article in China Dialogue brings to light a new angle on one very aggravating factor on the overwhelming devastation: Illegal logging by the 'timber

Back when 20% of Pakistan was underwater, I wrote about the influence of deforestation on the flooding--deforestation caused in no small part by illegal logging at the hands of the so-called timber mafia, a group with

This doesn't seem right.

An object lesson in how not to do city-building.

CNBC's Phil LeBeau reports Fiat Chrysler's latest quarterly earnings results.

Despite the "unexpected and unprecedented times" due to Covid-19, the company, said Tuesday that it and French automaker PSA Group "remain committed" to a previously announced merger of equals.

WWE former Diva and superstar Nikki Bella is quite an active sports star on Instagram. Nikki Bella is currently engaged to her Dancing With The Stars partner Artem Chigvintsev, who is a Russian professional dancer during season 25.

Nikki Bella went on to share a picture of her cosied up in bed watching some television along with Artem after she put on her make-up. Nikki also went on to say that she was trying her hardest to seduce Artem into giving her a foot massage. Take a look at the fun post below on Instagram.

 

 

 

View this post on Instagram

Did my makeup in time to take a nap and watch some TV with my A. Trying my hardest to seduce my way into getting a foot massage lol 🤰🏽💋

A post shared by Nikki Bella (@thenikkibella) onApr 26, 2020 at 2:03pm PDT

Nikki Bella began dating Artem following her break-up from WWE superstar John Cena. John Cena and Nikki Bella got engaged in April 2017 but called off their wedding a year later in April, just a month prior to tying the knot.

Nikki Bella and Artem Chigvintsev began dating in January 2019 and a year later, the couple announced they were engaged. On 29 January, Nikki Bella announced that she and her twin sister Brie Bella were expecting a child, respectively.

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USA'S skiing legend Lindsey Vonn is finding new fun activities to keep herself and National Hockey League (NHL) star fiance PK Subban busy during this Coronavirus-caused lockdown. On Tuesday, Olympic gold medal-winner Lindsey, 35, posted this picture (above) on social media as she washed her SUV, wearing a bikini. "Took an adventure to the drive way [sic]. It was epic. #stayhome #takeabreakwithlandrover," Lindsey captioned her picture that went on to receive over 125,000-plus 'likes'. Lindsey also spelt out her routine during this quarantine period.

 

 

 

View this post on Instagram

Took an adventure to the drive way. It was epic. #stayhome #takeabreakwithlandrover

A post shared by L I N D S E Y • V O N N (@lindseyvonn) onMay 4, 2020 at 8:19am PDT

She begins her day by 8am, feeding her dogs before heading for a workout. "I usually go to the gym but since we're obviously in quarantine, the garage is my jam," she told American magazine US Weekly. Lindsey and Subban tidy up their house together and then engage with their fans via Instagram Live.

NHL star PK Subban

Often, there are work-related meetings for the now-retired champion skier, who is also a successful entrepreneur. "I am working on a few projects so as you can imagine, there is a lot phone calls, Zoom meetings and other business that needs to be done," she said.

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Who says love in the time of quarantine is tough enough for two? Bigg Boss and Roadies winner Ashutosh Kaushik tied the knot with his fiance Arpita on April 26 in Noida during the lockdown. While reports suggest that the couple had already decided marriage way before the lockdown, they didn't want to delay it, clearly. The marriage took place on the terrace, in the presence of the couple's family members.

Interestingly, while the bride and the groom did not really follow the basic lockdown rule - wear a mask - their pandit seemed to be wiser as he was seen wearing a mask while chanting the mantras.

Check out the video of Ashutosh Kaushik's wedding ceremony here:

 

 

 

View this post on Instagram

A post shared by Ashutosh Kaushik (@ashutoshkaushik_bigg_boss_2) onApr 27, 2020 at 9:49pm PDT

According to reports, Ashutosh donated the money collected during his wedding to the PM-CARES coronavirus fund.

 

 

 

View this post on Instagram

Heartiest Congratulations to my Dear Bro #ashutoshkaushik Kaushik For Embarking on a new Journey of life .Wishing u all the best for a Happy married life .. God Bless u #bigboss #roadiesextreme #roadiesextreme #covidwedding #socialdistancing

A post shared by Sangeet Maker's Team (@master_meck_sangeet_makers) onApr 27, 2020 at 8:54am PDT

Ashutosh was the winner of the fifth season of Roadies in 2007 and the second season of Bigg Boss in 2008. He was also seen in films such as Zila Ghaziabad and Kismat Love Paisa Dilli.

A few weeks ago, TV actress Puja Banerjee got married to Kunal Verma. In a post on Instagram, Puja announced, "Today was supposed to be our wedding but the situation is such that we have cancelled all our ceremonies although we had registered our marriage before a month so we are officially married and together forever now. With the blessing of our parents and grandparents, we starting our new life need all of ur best wishes. Our family is happy and so are we."

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Many investors park their surplus money in debt schemes in an attempt to earn higher returns than Bank FDs. However the recent incident of Franklin Templeton MF winding down six of its debt schemes has dented investor sentiment and sparked speculation about the safety of their investments.

The news came as a shocker to the investors because the six schemes, the fund house, and the fund manager had a good performance record. Investors in the wound up debt schemes of FTMF are now left with no choice but to wait for the fund house make repayments.

If you are one of them, surely you want to know about the timeline of payouts from the respective schemes.

Here is what you should know first...

Before returning the money to unitholders, the fund will have to repay the borrowings by the respective schemes that was taken to fund the heightened level of redemptions. Keep in mind that the repayment of borrowings does not impact the value of money to be returned to the unit holders, though it can delay the start of pay out to unitholders.

The repayment of the borrowings that the fund has taken, along with the cash flows it receives in the respective schemes based on the maturity of the underlying securities in the portfolio as well as coupon receipts will determine the payout to the unitholders.

Moreover, the fund will seek pre-payment from issuers of the underlying securities and will look to sell portfolio holdings in secondary market at fair value.

Table 1: Maturity profile of wound up FTMF schemes

Franklin India Ultra Short Bond Fund (FIUBF) and Franklin India Low Duration Fund (FILDF) are the schemes with shorter maturity. If you are an investor in this scheme, you may expect a significant payout within 2-3 years. However, to recover the entire amount you may have to wait up to 5 years.

If you are wondering why a scheme with average maturity of just 0.44 years and 1.45 years will take around 5 years to repay the entire amount?

This is because the maturity of some underlying securities is much longer (around 4-5 years), even though the schemes belong to low duration category. Additionally, the schemes have borrowings in the range of 6.5% and 8.5% respectively, which have to be repaid first.

Whereas, if you are an investor in Franklin India Dynamic Accrual Fund (FIDA), Franklin India Short Term Income Fund (FISTIP), Franklin India Credit Risk Fund (FICRF), and Franklin India Income Opportunities Fund (FIIOF) your wait will be longer. These schemes primarily invest in medium to long duration securities.

These funds had to sell a number of their short term and liquid securities in the portfolio to meet redemptions. Hence, to get a significant payout from these schemes you will have to wait at least 4-5 years. The year wise expected cumulative cash flows is given in the table below.

Notably, FIIOF is the longest duration fund from among the six funds that have been wound up. It will only be able to repay a very small portion (5%) in the next two years.

Another key reason that could delay the payout from these schemes is the high borrowing rate. FISTIP has 28% of its assets as borrowings, FIIOF has 26%; while FICRF also has significant 16% as borrowings. Furthermore, factors such as credit issues or payment delays faced by any of the investee companies could negatively impact cash flows.

Table 2: Cash flows expected by FTMF across different time period

Many of the securities with longer maturities have regular interim cash flows and features such as interest rate resets or call/ put options, which significantly reduce the effective maturity and the same has been factored into the calculation of the Macaulay Duration.

FTMF said that it would actively explore opportunities with a goal to facilitate repayment prior to the maturity of the portfolio investments. To do this it will seek prepayment from the issuers of the underlying securities and look to sell the securities in the secondary market.

However, the current market scenario is rife with risk aversion and illiquidity. The fact that wound up schemes have high holding of lower rated securities, FTMF will have to wait for the market conditions to go back to normal to liquidate the portfolio at the earliest, without causing value erosion for investors.

[Read: RBI Steps in to Take Some Pain Off Mutual Funds. Will It Help?]

Way ahead for debt fund investors

Keep in mind that debt funds are not risk-free. Investment in debt funds carry various risks relating to liquidity, credit quality, and interest rate. Therefore, before investing in debt funds understand the various risks involved and invest in schemes where the portfolio risk aligns with your own risk appetite and financial objective.

In this market environment, it would be preferable to invest in instruments issued by government and public sector enterprises, and stay away from those having high exposure to private issuers.

At PersonalFN, we arrive at top rated funds using our SMART Score Model. If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

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

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

Author: Divya Grover

This article first appeared on PersonalFN here.

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

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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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The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful.

Posted on April 9, 2012 by admin According to the news reported

European “automobile news” from Turin of Italy, CEO of Fiat recently

confirmed again, and Fiat...

Vivek Oberoi had once voiced his opinion about the Khans before the infamous Aishwarya Rai fiasco happened.

Boris Johnson’s government was focused on Budget and Brexit — until disease took a grip

Will PSA’s Carlos Tavares prove to be a better merger partner for Fiat Chrysler than Renault and help create the world's fourth-largest carmaker? Katie Martin discusses the terms of the proposed mega merger and the characters behind the deal with Peter Campbell, motor industry correspondent, and David Keohane in Paris.

Contributors: Katie Martin, capital markets editor, Peter Campbell, motor industry correspondent, and David Keohane, Paris correspondent. Producers: Fiona Symon and Persis Love

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The pregnant star, 38, took to Instagram to share a sweet snap alongside her husband-to-be after tweeting she wouldn't be attending the ceremony because she 'can't be a***d to get glammed up.'