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Coronavirus Outbreak: What are red, green, orange zones marked by Union health ministry

With over 12,000 active cases of COVID-19 in the country that resulted in the nationwide lockdown getting extended till May 3, the government had on Wednesday issued a set of fresh guidelines till May 3. Prime Minister Narendra Modi in a televised speech on Tuesday announced measures that the government would undertake to tackle the pandemic.

The Union Health and Family Welfare Ministry have also earmarked the districts in the country into three categories –red, green and orange zones as per the frequency of the cases reported from the areas. 

The BMC will also come up with red and orange zones in Mumbai to mark containment zones for stricter implementation of the lockdown. While the plans are still being drafted, areas with a high number of positive cases of COVID-19 will be put in the red zone and will have no external essential service providers. Let's know more about these zones.

Red zone

According to the Union Health Ministry, the districts identified as hotspots are marked as red zones. These districts have reported a large number of Coronavirus cases and need focused attention. As much as  170 districts in the country have been marked as hotspots, which is further divided into two groups: (a) 123 districts where a large number of cases have been reported and  (b) 47 districts where cases were reported in clusters.

According to the Health Ministry, the districts contributing to more than 80 per cent of the cases reported in the country, the districts contributing to more than 80 per cent of the cases in a state or districts with doubling rates reported to be less than four days, can be classified as a 'hotspot' or a 'red zone'. The ministry also said that the government will provide door-to-door facilities and undertake containment activities in these districts for the next 14 days. Mumbai,  recording the highest number cases in the country with 3,081, has been declared a hotspot by the government.

Orange Zone

The districts that had reported less number of Coronavirus cases or not seen a surge of positive cases in the area have been marked as 'orange zone'. In these zones, limited services of public transport, farm harvesting activities and functioning of small scale industries manufacturing essential items such as flour, pulses, and edible oils have been permitted. A hotspot district can be declared an orange zone if cases reported in 14 days is less or none.

According to the health ministry, 16 districts in Maharashtra have been declared as an orange zone. The districts are Gondia, Washim, Yavatmal, Buldhana, Hingoli, Akola, Beed, Amravati, Jalna, Latur, Osmanabad, Satara, Jalgaon, Kolhapur, Ratnagiri and  Sindhudurg

Green Zone

According to the Union Health Ministry, the districts that have not reported positive cases of Coronavirus are classified as green zones. In these zones, essential items that generate state revenue would be given an extension. Small scale industries manufacturing essential items will be allowed to function freely, but with strict maintenance of social distancing.

Hotspots have to undertake effective containment activities to flatten the curve and bring the number of Coronavirus cases down in order to qualify as an orange zone and subsequently as a green zone in 24 days.

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Coronavirus: Shashi Tharoor appreciates 'great job' by Harsh Vardhan and Health Ministry

New Delhi: Congress Lok Sabha MP leader Shashi Tharoor on Friday appreciated Union Health Minister Dr Harsh Vardhan and his colleagues in the ministry for doing "great job" amid COVID-19 outbreak.

"Thanks for the response @drharshvardhan! You &your colleagues are doing a great job in difficult circumstances. Guess this means that it won't be long before Thiruvananthapuram is off the hotspot list, as Kerala has categorised it in a lower tier than the most affected districts," Tharoor tweeted.

Tagging the minister in a tweet earlier, the Congress leader asked why Thiruvananthapuram is listed as a COVID-19 hotspot.

"A bit curious as to why Thiruvananthapuram is listed as a #Covid19 hotspot when it has such a great track record!? Perhaps @MoHFW_INDIA can enlighten us?" Tharoor, the Lok MP from Thiruvananthapuram had tweeted.

Responding to the Congress leader, Harsh Vardhan said there are 170 hotspot districts, 207 non-hotspot & rest non-infected.

India's total number of coronavirus positive cases has climbed to 13,387 including 11,201 active cases, 1,749 cured/discharged/migrated and 437 deaths, the Ministry of Health and Family Welfare said today.

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Covid-19 outbreak: Distressed corona healthcare warriors in India call for respect

New Delhi: With novel coronavirus (COVID-19) cases growing rapidly in India, overburdened doctors, nurses and healthcare personnel at the frontline are facing immense pressure from the society at large. While fighting against the deadly virus, they are continuously facing threats and abuses from the society, affecting their mental health as they battle it out in the ICUs as well as inside the corona patients wards.

According to Sujith, Chief of Nursing Services, Columbia Asia Hospital in Pune, it is disheartening to see that people, for whom the fraternity has been taking so much risk to ensure their health and safety, have failed them.

"This is sad when we watch on television that healthcare workers have been facing threats, attacks and abuses as we work on the frontline of the coronavirus pandemic. It has been observed that many of these attacks are allegedly sparked by the fear that healthcare workers are exposing others to the virus. We are really going through a stressful time," Sujith told IANS.

The frontline health workers want a little sympathy and respect as they are working non-stop, without thinking about their own families and lives.

Dr Sachin Nayak working at JP Hospital in Bhopal has been living in his car to prevent passing on the virus to anyone else, including his wife and child. He has stocked up daily use items and books in the car.

"We completely understand public health emergencies are stressful times for people and communities but that doesn't mean we should be at the receiving end," said Sujith.

On Wednesday, a mob tried to stop a medical team from taking a coronavirus-infected man into isolation. They hurled stones at an ambulance that left four injured.

The incident took place in Uttar Pradesh's Nawabpura area. The injured included one doctor and three paramedics. A police vehicle was also damaged.

After the attacks on doctors, the Union Home Ministry said that it is ascertaining cases of violence against healthcare workers engaged in surveillance and quarantine measures.

Health workers on the streets of Mumbai. Pic: Ashish Raje

Savitha Kuttan, CEO of Omnicuris, an online medical education platform, said that operating under severe resource constraints, healthcare workers are bearing the brunt of a hostile external environment.

Healthcare professionals have taken to social media to describe in painful detail the growing stigma they are facing with each passing day.

"From working long, gruelling shifts without adequate protective gear and facing attacks from patients to getting booted out of their homes and feeling afraid for their families, the mental strain our medical professionals are going through is immense. All of them are going through severe anxiety and many are having difficulties sleeping," Kuttan said.

She added that doctors are professionally obligated to take care of their mental health so that they can provide good quality care to their patients.

"Considering the enormity of what they are going through, we cannot expect them to go looking for mental health support. In fact, they should get unlimited access to mental health services during this time of crisis," Kuttan, told IANS.

A recent study, published in the journal The Lancet Psychiatry, revealed that front-line medical staff must be prioritised for rapid mental health support.

According to Ekta Soni, Chief Clinical Psychologist, Indraprastha Apollo Hospitals in New Delhi, healthcare workers don't have the luxury of living inside their homes to shield themselves from the coronavirus.

They have to expose themselves to the risk, and some are separating themselves from their families for weeks to avoid transmitting the virus to them.

"Healthcare workers working with COVID-19 patients reported symptoms of depression, symptoms of anxiety, insomnia, and reported distress. The risk of infection, especially if it is asymptomatic, instils fear of spreading the virus to their patients and families," said Soni.

"They're deeply sad for their dying patients, many of whom are slipping away without their loved ones at their side. Many admitted to harbouring darker feelings," she added.

However, some corona warriors are receiving utmost support from their neighbours.

Sharing his own experience, Manoj Goel, Director, Pulmonology, Fortis Memorial Research Institute in Gurugram, said: "People are very cooperative in my society and keep asking about my wellbeing through calls and messages".

"My neighbours are putting cards outside my house as a thank you note and consider me a corona warrior. While I am working in the hospital they enquire about my families health and wellbeing and if they need any help in my absence. I am greeted with a smile by our society security guard whenever I leave or enter my society".

According to experts, having an open channel of communication to assess what they are going through is a need of the hour.

Not only will it help them readjust to everything once the situation starts to improve, but also keep them from developing post-traumatic stress.




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Nearly 30 per cent Coronavirus cases linked to Tablighi event, says Union health ministry

The Union Health Ministry on Saturday said 4,291 or about 30 per cent of the Coronavirus cases in the country have been traced to the Tablighi Jamaat congregation in Delhi. In Delhi, 63 per cent of the reported 1,707 cases are linked to the same gathering.

The total number of confirmed cases in India is 14,792. So far, 488 people have succumbed to the disease. The mortality rate of COVID-19 is 3.3 per cent. Lav Agarwal, Joint Secretary Health Ministry, said that 4,291 cases are epidemiologically linked to the Nizamuddin Markaz event. "These cases are spread across 23 states and Union Territories, which include most of the high-degree burden cases. There are 84 per cent cases in Tamil Nadu, 63 per cent in Delhi, 91 per cent in Assam, 61 per cent in Uttar Pradesh and 83 per cent in Andaman & Nicobar.

"If lockdown and social distancing norms are not followed, then the entire country would have to face the consequences," said Agarwal. He also added that 47 districts in 23 states have shown positive trends in the fight against the outbreak in the country. "One district each in Puducherry and Karnataka has not reported a positive case yet. Along with this, 22 new districts, split across various states, have also not reported new cases in the last 14 days," added Agarwal.

Probe in Tablighi funding
The role of money exchanger RM & RM Associates based in Delhi's Nizamuddin and a chartered accountant working with Tablighi Jamaat is being scrutinised by Crime Branch sleuths of Delhi Police to ascertain foreign remittance received by the Jamaat, a senior IPS officer said.

The role of RM & RM Associates was flagged by senior police officers in the case against Tablighi Jamaat. Deputy Commissioner of Police Joy Tirkey has been directed to probe the financial aspects in the case. Senior officers have issued directions to Tirkey to question owners and employees of RM & RM Associates. "They should be thoroughly questioned about the amount of remittance received from foreign countries by the Tablighi Jamaat," the direction stated.

Medical supplies flown
The Centre on Saturday said that under the Lifeline Udan initiative, 274 flights have transported around 463.15 tonnes of medical supplies across the country till April 17. "About 274 flights have been operated under Lifeline Udan by Air India, Alliance Air, IAF and private carriers. Cargo transported till date is around 463.15 tonnes," the Ministry of Civil Aviation (MoCA) said in a statement on Saturday.

GoM may enlist retired docs
A Group of Ministers' meeting chaired by Defence Minister Rajnath Singh on Saturday reviewed the situation in the wake of lockdown. The meeting examined suggestions received to enlist services of retired doctors and medical students in the final year of their graduation.

Plasma Therapy in Gujarat
After Kerala, Gujarat has become the second state to have started Convalescent Plasma Therapy from Saturday to treat patients. An oral nod from the concerned Central Government agencies has been obtained and the state has started the preparations to commence the treatment of patients in two of the Ahmedabad hospitals. Jayanti Ravi, principal secretary, Health and Family Welfare Department, Gujarat, said, "We have obtained the Drug Controller General of India's (DCGI) approval over phone."

Punjab cop succumbs
Assistant Commissioner of Police (North) Anil Kohli, who was posted in Ludhiana city, on Saturday succumbed to the virus. The 52-year-old officer was diagnosed positive on April 13. The officer was on ventilator in a private hospital in Ludhiana since April 11, Civil Surgeon Rajesh Bagga said.

In a first-of-its-kind clinical use of convalescent plasma therapy in the state, doctors on Saturday decided to try to cure him by using plasma of another young volunteer patient. Doctors said he died due to multiple organ failure.

Railways makes contactless cubicles for COVID-19 doctors in Karnataka

The South Western Railway (SWR) zone's Hubballi workshop has produced a contactless doctors' cubicle to treat patients without direct contact, an official said on Saturday. "SWR Hubballi workshop has come out with an innovative idea by creating contactless cubicles so that doctors checking suspected patients do not come in direct physical contact with them," a SWR spokesperson said in a statement. Looking like a telephone booth of yesteryears, the transparent cubicle will enable a doctor to put his hands out through two flexible glove-like protrusions to reach the patient.

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Don't use rapid test kits for 2 days, will probe fault: ICMR tells states

Amid complaints about faulty rapid test kits, the Indian Council of Medical Research (ICMR) on Tuesday advised states not to use them for the next two days, saying it will issue an advisory after their teams carry out field validation of these equipment. At the daily government briefing on the Coronavirus situation in the country, ICMR's Dr Raman R Gangakhedkar was asked about the faulty rapid testing kits.

"We have received complaint from a state yesterday and so far discussed with three states. Too much variations have been reported in results of rapid test kits and RT-PCR kits. We advise states not to use them for the next two days," he said. "These kits will be tested and validated in the field by our teams. We will issue a clear-cut advisory in two days. If problems are detected in batches, we will tell the companies for replacement," he said.

He said that a total of 4,49,810 samples for COVID-19 infection have been tested till Tuesday of which 35,852 were done on Monday. As many as 29,776 samples have been tested in 201 labs under the ICMR network, and 6,076 at 86 private laboratories, he said.

The Chairman of the 4th Empowered Group (to tackle COVID-19) said that the government has created a portal with the master database of healthcare professionals and volunteers.

"Till now, details of 1.24 crore human resources of various kinds have been added to it," he said. Details of Corona warriors in 20 categories and 49 sub-categories, who can contribute to COVID-19 management efforts, are available to states and union territories on the portal, he said. Lav Agrawal, the joint secretary in the Health Ministry, told the press conference that 18,601 positive cases have been reported across the country so far. As many as 3,252 people have been cured till now, he said, adding 705 of them recovered on Monday. "This takes our recovery percentage to 17.48," he said.

Assaults, arrests and deaths amid COVID-19


Workers wearing protective suits prepare food packets to distribute among needy people arranged by the district administration in Srinagar, on Tuesday Pic/PTI

. In a heart-wrenching incident, a 12-year-old girl collapsed and died of sheer exhaustion after walking for three days continuously covering 100 kilometres from Telangana back home to Chhattisgarh during the national lockdown.

. The TMC on Tuesday dubbed as "adventure tourism" the visit of two central teams to West Bengal for an on-the-spot assessment of the COVID-19 situation, and asked why such delegations were not sent to states with much higher numbers of infections and hotspots.

. A 35-year-old man died allegedly after he was assaulted by the police for violating lockdown norms in Guntur Rural on Monday. The deceased has been identified as Shaikh Mohammed Ghouse.

. The National Fisherfolk Forum (NFF) on Tuesday urged the Central and Tamil Nadu government to take steps to bring back 400 fishermen from the state stranded in Andaman.

. An Allahabad university professor has been arrested along with 29 persons, including 16 foreign participants of Tablighi Jamaat meet at Nizamuddin in New Delhi, an official said on Tuesday.

. The Rajasthan government on Tuesday stopped using the China-made rapid testing kits for Coronavirus after they delivered inaccurate results. The state's health minister, Raghu Sharma said the kits gave only 5.4 per cent accurate results against the expectation of 90 per cent accuracy and therefore the kits were of no benefit.

. Some Infosys techies, spread across the globe, have tested COVID-19 positive, according to the software major on Tuesday.

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Coronavirus outbreak: Health Ministry urges people to participate in COVID-19 telephonic survey

"A telephonic survey on COVID-19 is being undertaken where you shall receive calls on your mobile from 1921 number. Please participate in this survey with your information," the Union Ministry of Health and Family Welfare tweeted.

The survey is to be carried out by the National Informatics Centre (NIC) and calls will be coming on mobile phones from the number 1921. "The citizens will get a call on their mobile phones by NIC by the number 1921. Participate in good measure to enable proper feedback of prevalence and distribution of COVID-19 symptoms," read a photo attached in the tweet.

The government has asked people to be aware of any other calls by pranksters or calls from any other numbers in the guise of such a similar survey.

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Coronavirus outbreak: Nearly 20 percent COVID-19 patients have recovered so far, says Health Ministry

Nearly 20 per cent COVID-19 patients have recovered so far in the country, said Lav Agarwa, Joint Secretary, Union Ministry of Health and Family Welfare on Thursday, while the total cases of coronavirus have soared to 21,393.

Addressing a press conference here, Agarwal said: "With 1,409 new cases, there are 21,393 positive cases in India now. So far, 4,257 people have recovered including 388 people who recovered yesterday. This takes our recovery percentage to 19.89 per cent."

Agarwal said that as on today, India has 12 districts that did not report a fresh case in the last 28 days or more. "There are now 78 districts in 23 States/UTs, which have not reported any fresh cases during the last 14 days," he added.

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Coronavirus Outbreak: Tata Trusts launches countrywide health campaign on COVID-19

Tata Trusts has begun a pan-India community outreach to induce adoption of health practices, as promoted by the Government of India, in rural areas to prevent the spread of COVID-19. Beginning March 31, the exercise is expected to have already reached about 12 million people in 21 states.

The campaign '5 Kadam, Corona Mukt Jeevan', ranges from video messages in the country's languages, even dialects, short animation videos and infographics to audio messages, and SMS based messaging.

For wider deployment by any interested organisation, the Trusts have made publicly available through social media about 300 such videos and audio messages, in different languages, and dialects like Dongri, Kumaoni, Ladakhi, Garhwali, Santhali, Mundari, Kutchi (Gujarat) and Koborok (Tripura). All of them are available in the playlist here.

Over 70 celebrities from all over India, have lent their support with video and audio messages. Among them are Nana Patekar, Sonali Kulkarni, Harbhajan Singh, Ila Arun, Atul Kulkarni, Malini Awasthi, and Sanju Samson for Rajasthan Royals, to name a few.

The Trusts have deployed more than 430 master trainers in these 21 states who in turn have trained a pool of over 8,700 community resource persons (village volunteers) to deliver the message till the last mile.

Through the existing network of the Trusts' programmes, the volunteers, associate organisations of the Trusts, community radios, village-based public address systems, and use of various internet and communication technologies, the programme is expected to have reached out to about 12 million people till date.

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COVID-19 death toll rises to 872 in country; cases climb to 27,892: Health ministry

The death toll due to COVID-19 rose to 872 and the number of cases climbed to 27,892 in the country on Monday, according to the Union Health Ministry. The number of active COVID-19 cases stood at 20,835 while 6,184 people were cured and discharged, and one patient has migrated, the ministry said. The total number of cases include 111 foreign nationals. A total of 46 deaths were reported since Sunday evening of which 19 fatalities were reported from Maharashtra, 18 from Gujarat, four from Madhya Pradesh, two from West Bengal and one each from Punjab, Karnataka and Tamil Nadu.

Of the 872 deaths, Maharashtra tops the tally with 342 fatalities, followed by Gujarat at 151, Madhya Pradesh at 103, Delhi at 54, Rajasthan at 33 and Andhra Pradesh at 31. The death toll reached 29 in Uttar Pradesh, 26 in Telengana, 24 in Tamil Nadu, 20 in West Bengal while Karantaka has reported 19 deaths. Punjab has registered 18 fatalities so far. The disease has claimed six lives in Jammu and Kashmir, four in Kerala while Jharkhand and Haryana have recorded three COVID-19 deaths each. Bihar has reported two deaths, while Meghalaya, Himachal Pradesh, Odisha and Assam have reported one fatality each, according to ministry data. According to the ministry's data updated in the morning, the highest number of confirmed cases in the country are from Maharashtra at 8,068 followed by Gujarat at 3,301, Delhi at 2,918, Rajasthan at 2,185, Madhya Pradesh at 2,096 and Tamil Nadu at 1,885.

The number of COVID-19 cases has gone up to 1,868 in Uttar Pradesh, 1,097 in Andhra Pradesh and 1,002 in Telangana. Cases have risen to 649 in West Bengal, 523 in Jammu and Kashmir, 503 in Karnataka, 458 in Kerala, 313 in Punjab and 289 in Haryana. Bihar has reported 274 coronavirus cases, while Odisha has 103 cases.Eighty-two people have been infected with the virus in Jharkhand and 50 in Uttarakhand. Himachal Pradesh has 40 cases, Chhattisgarh has 37 cases and Assam has registered 36 infections each so far. Andaman and Nicobar Islands has 33 COVID-19 cases while Chandigarh has 30 cases and Ladakh has reported 20 infections so far. Meghalaya has reported 12 cases, and Goa and Puducherry have seven COVID-19 cases each. Manipur and Tripura have two cases each, while Mizoram and Arunachal Pradesh have reported a case each. "Our figures are being reconciled with the ICMR," the ministry said on its website. States wise distribution is subject to further verification and reconciliation, it said.

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Coronavirus outbreak: Maharashtra's mortality rate due to coronavirus is 4.24 percent, says Health Department

The mortality rate in Maharashtra due to coronavirus is 4.24 per cent said the State Health Department on Monday. "With 440 new COVID-19 cases, the total number of cases in Maharashtra has mounted to 8,068. Besides, the total number of deaths has reached 342 after 19 new deaths were reported," said an official statement from the Health Department.

The statement also said, "While India's mortality rate is 3.13%, the mortality rate in Maharashtra due to coronavirus is at 4.24 per cent."

According to the latest update by the Ministry of Health and Family Welfare, the total number of coronavirus cases in the country stands at 27,892, of which 6185 have recovered/migrated and 872 patients have succumbed to the disease.

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COVID-19 Outbreak: No evidence that plasma therapy can be used for treatment, says Health Ministry

New Delhi: The Health Ministry on Tuesday said currently plasma therapy is at the experimental stage and there is no evidence yet to support that it can be used as a treatment for COVID-19.
Addressing a press briefing, Health Ministry Joint Secretary Lav Agarwal said currently there are no approved therapies for COVID-19 and there is not enough evidence to claim that plasma therapy can be used for the treatment of the disease.

"ICMR has launched a national-level study to study the efficacy of plasma therapy in the treatment of COVID 19," he said.

"Till ICMR concludes its study and a robust scientific proof is available, plasma therapy should be used only for research or trial purpose. If plasma therapy is not used in a proper manner under proper guidelines, then it can also cause life-threatening complications," said Agarwal.

The official said that the doubling rate of coronavirus cases now stands at 10.2 days.
He further said that in the last 24 hours, 1,543 new cases of COVID-19 have been reported, taking the total cases to 29,435.

"6,868 COVID-19 patients, which is 23.3 per cent of total cases, have recovered so far," he added.

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Maharashtra: Man assaults cop on lockdown duty, tries to set him afire

A 35-year-old police constable on lockdown duty here in Maharashtra was injured after a man allegedly assaulted him and tried to set him ablaze, an official said on Wednesday. The accused, identified as Arun Sinh Jadhav, has been arrested, he said. The incident took place near Maloli village in Malshiraj tehsil of Solapur on Tuesday night when the constable was asking people to stay indoors, a duty officer at Velapur police station said.

"At that time, Jadhav came in his car and started abusing the policeman. The accused sought an explanation from the constable as to why he had gone to check his brother's hotel," the official said. Jadhav snatched the policeman's phone and threw it on the road. He then allegedly slashed the constable's left hand and face with a blade and started thrashing him, the official said. "The accused then took out a bottle of petrol from his car and allegedly poured it on the policeman. However, a
police patil (village-level official) and some others caught hold of Jadhav and stopped him from setting the constable on fire," the official said.

The constable, who is attached to Velapur police station, later lodged a police complaint in connection with the incident. The accused was subsequently arrested and booked under Indian Penal Code Sections 307 (attempt to murder) and 353 (assault or criminal force to deter public servant from discharge of his duty), the official said.

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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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Chris Hemsworth reveals he felt 'suffocated' by his Hollywood career

Australian actor Chris Hemsworth recently revealed what made him move back to Australia and spoke of the time when he felt "suffocated" in Hollywood. According to Fox News, the 36-year-old star in an interview with The Sunday Telegraph opened up about what made him move back from California to his native Australia.

The 'Avengers: Endgame' star said, "When you're suffocated by the work, every conversation that you're having and every billboard you're seeing is to do with a movie or whatever around the industry. You lose perspective."

Hemsworth, packed up and moved back to Australia with his wife Elsa, daughter 7-year-old daughter India and twin six-year-old boys Tristan and Sasha.

The actor said, "There's not a single person [in Byron Bay, New South Wales, Australia] that I interact with, or close friends of mine, that are really in the industry and so that's hugely refreshing. It's great for my kids and my wife."

The star also shared that with a number of high-profile projects under his belt including 'Ghostbusters,' 'Men in Black: International' and the Marvel franchise to name a few, Hemsworth said that he is ready for things to slow down for a bit.

The actor noted, "I just want to stop for a while. I need to be home for a minute. Just enjoy. It all flies by."

Previously, Hemsworth spoke with OK! magazine about his struggles living in Hollywood, and noted that while living there, "you just kind of lose touch with reality."

The 'Thor' shared of living in Australia, "It's nice to be a part of a community that doesn't live and breathe that world."

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'Doctor Strange in the Multiverse of Madness' release delayed

As part of Hollywood studio's scheduling changes due to the coronavirus crisis, the release of 'Doctor Strange in the Multiverse of Madness' has been delayed. Marvel's sequel to the 2016 Benedict Cumberbatch film, has been pushed back from November 5, 2021, to March 25, 2022, cited The Hollywood Reporter. The Sam Raimi directed film is being delayed for the second time.

It had already been pushed once because of the crisis from May 2021, to the early November frame. This change in the release date makes the movie the latest one to move out of scheduled dates due to the ongoing coronavirus crisis.

Earlier, owing to the global coronavirus crisis, Sony Pictures has pushed back two of its untitled 'Spider-Man' sequels. Meanwhile, the theatrical release of the much anticipated two chapters in actor Tom Cruise's action franchise - 'Mission: Impossible 7' and 'Mission: Impossible 8' has been delayed by the Paramount pictures.

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Jessie J tells ex-boyfriend Channing Tatum: She's 'Grateful' they met in a heartfelt birthday message

English singer-songwriter Jessie J remembered her ex-boyfriend Channing Tatum on his 40th birthday on Sunday, telling him he's "truly one of a kind."

The 32-year-old singer took to Instagram and shared a throwback picture featuring the 'Magic Mike' actor standing in clear blue ocean water. She captioned a throwback photo on her Instagram Stories, "Happy 40th Birthday to this special man right here. You are truly one of a kind. I am so grateful you were born, and even more grateful we met."

Jessie also shared another black-and-white photo of the '22 Jump Street' star in motorcycle gear as he holds a helmet. And posted a video of Tatum taking a leap into the water. "Keep living your BEST life!" the 'Nobody's Perfect' singer wrote.

These sweet messages came by the songstress in less than a month after the pair called it quits on their on-again relationship. Jessie and Tatum had reconciled in January after splitting a month earlier.

At the time, an insider to the outlet told that the couple had worked hard to re-establish their relationship but realised that they were better off as friends.

In October 2018, the outlet broke that the 'Step Up' star and the 'Nobody's perfect' singer had been quietly dating for a couple of months.

The pair connected shortly after Tatum and Jenna Dewan announced their separation in April 2018 after nine years of marriage. The exes, whose divorce was finalised earlier this year, share daughter 6-year-old daughter Everly (Dewan has since moved on with Broadway star Steve Kazee. They got engaged in February 2020 and welcomed son Callum the following month.)

Jessie and Tatum were supportive of each other throughout their relationship, with the actor attending several of her concerts, while she cheered him on at the opening night of his 'Magic Mike' show in London in November 2018.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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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.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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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Kevin Spacey speaks out for 1st time after sexual assault charges

Disgraced Hollywood star Kevin Spacey has opened about how sexual assault allegations meant "my job, many of my relationships were all gone in a matter of hours". The 60-year-old described his "painful" journey three years after he was accused of assault by a string of men in 2017 and said he could relate to workers who've being laid off during the coronavirus pandemic, reports dailymail.co.uk.

"I don't think it will come as a surprise for anyone to say that my world completely changed in the fall of 2017. My job, many of my relationships, my standing in my own industry were all gone in just a matter of hours," Spacey said during a podcast. He was dropped from the "House Of Cards" show after allegations surfaced.

He has mostly kept a low profile since the slew of sexual assault claims first came up. He has always denied the claims. He was also removed from the completed movie "All The Money in the World", which was reshot with actor Christopher Plummer.

Spacey was asked during the podcast to reflect on the current coronavirus pandemic causing global and widespread devastation. The actor, who has not appeared in a professional movie or series since the accusations were made, said: "I don't often like to tell people that I can relate to their situation because I think it undermines the experience that they may be having which is their own unique and very personal experience."

Spacey added: "But in this instance I feel as though I can relate to what it feels like to have your world suddenly stop. And so while we may have found ourselves in similar situations, albeit for very different reasons and circumstances, I still believe that some of the emotional struggles are very much the same.

"And so I do have empathy for what it feels like to suddenly be told that you can't go back to work or that you might lose your job and that it's a situation that you have absolutely no control over."

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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




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Mother struggles to file case after autistic daughter's assault

The mother of a 16-year-old autistic girl was allegedly made to run from pillar to post by the police for five days as she tried to lodge a complaint regarding her daughter's alleged assault in an NGO-cum-boarding school.

It was only when the aggrieved mother used social media to express her grievances that social workers came to her aid and the police took cognisance of the incident. While the mother had approached the police on February 27, a complaint was registered only on Sunday. The alleged incident took place at Vatsalya boarding school for special children located in the Dehu road area of Pune on February 11.

Pune ladies group to the rescue
The episode came to light after the mother approached the Pune-based PuLa group for help. "When I saw her sleeping in the school van on February 11, I lifted her and brought her home. The school authorities told me that since she could not sleep the night before and was disturbing other children around her, the caretaker had tied up her legs. But her eyes were swollen and there were bruises on her face.

There was also an injury mark on her hand," the mother claimed, adding, "When I approached the police station, they asked me to go to the station where the offence took place and upon reaching there, they asked me to go to the station near my house."

'Injuries not sustained in school'
A case has been registered by the Chakan police against NGO director Vilas Devtarase, his wife Vrushali, the school caretaker and his wife, informed inspector Sunil Dahiphale.

NGO trustee and teacher Vrushali Devtarase has, however, denied the allegations saying that the organisation was being "falsely implicated". "We had to enroll the girl on her mother's repeated requests. We even took her to the hospital and helped her with the CT scan and other formalities after the incident. The girl has not sustained the injuries in the school; she was fine before going home. We have now lodged a complaint against her parents for defaming us on social media," she said.

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates





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Cultivating innovative techniques for sustainable water use

An EU-funded project promoted the exchange, display and transfer of innovative fertigation technologies which combine fertilisation with irrigation. This approach will help farmers to use limited water resources more sustainably while reducing harmful nutrient losses to the environment.




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A repairable brain: cell reprogramming to halt neurodegenerative disease

EU-funded researchers have developed innovative genetic reprogramming techniques to replace and repair brain cells, opening up novel therapeutic pathways to combat debilitating disorders such as Parkinson's and Huntington's disease.




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Why Tactically Invest Across Asset Classes amidst COVID-19 with Quantum Multi-Asset Fund Of Funds

Posted by Equitymaster
      

Coronavirus or Covid-19 is showing no signs of receding. On the contrary, the number of cases is increasing by the day and the situation is rather depressing, as almost every region of the world and country is infected.

Sadly, there is no antidote or a vaccine conclusively developed to fight this deadly pathogen yet. And according to the World Health Organisation (WHO), Coronavirus will be with us for a long time. Most cases are still in the early phase of the epidemic and some countries which were affected early in the pandemic, are now seeing a resurgence in the number of cases, said the WHO Chief.

COVID-19 is truly playing havoc and may be followed with a financial crisis owing to the lockdowns imposed to contain the spread. The risk of global recession undeniably looms large. "This crisis is like no other", as what the International Monetary Fund's (IMF), Chief Economist, Ms Gita Gopinath wrote in the foreword to the World Economic Outlook, April 2020.

Graph 1: The virus has spread even to Indian equities

The graph above depicts the S&P BSE Sensex falling off the cliff and investors' wealth being eroded. Since the all-time high of the S&P BSE Sensex (42,273.87 points made on January 20, 2020), we have fallen more than -25% and overall sentiments seem downbeat and volatility has heightened.

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On a year-to-date basis, Indian equity is down nearly -23.2% (as of April 27, 2020), while gold -- with uncertainty looming around the world -- has exhibited its sheen and demonstrated its trait of safe haven and an effective portfolio diversifier, clocking nearly +5.0% absolute return as of April 27, 2020.

Graph 2: YTD Performance of key asset classes
Data as of April 27, 2020
After the imposition of lockdown to fight COVID-19, the spot market prices were not updated.
*Category average returns of Liquid Funds considered
(Source: bseindia.com, MCX Gold, PersonalFN Research)

The graph above validates the importance of tactical asset allocation. The key lesson here is: all asset classes will not necessarily move in the same direction (up or down) always - over the long-term; some may even move in the opposite direction as what we have seen in the recent past (in the case of equities and gold).

As we (the world) continue to fighting COVID-19 and the aftereffects of it are conceivable, a further correction cannot be ruled out and the bottom is unknown. COVID-19 is likely to impact corporate earnings amidst a time when India is already facing slowdown blues. As people are quarantined, demand would remain muted and inflation risk will begin to surface, particularly in food prices.

So, although the current levels offer a decent value-buying opportunity, skewing your portfolio completely to equity as an asset class could endanger wealth creation. In such times you, as an investor, need to follow tactical asset allocation while you aim to generate wealth.

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Tactical Asset Allocation with Quantum Multi Asset Fund of Funds

To invest sensibly in the current times, you need a Multi-Asset Fund that invests in mainly three asset classes: equity, debt and gold; and is truly balanced.

Among the plethora of Multi-Asset Funds, the Quantum Multi Asset Fund of Funds (QMAFOF) incepted on July 11, 2012, is truly balanced and holds well-diversified portfolio (across the three key asset classes: equity, debt and gold) at all the times -- unlikely many of its peers who swayed by the excess exuberance in equities, lost sense, and eroded investors wealth.

Table 1: Asset Allocation of Quantum Multi Asset Fund of Funds
Instruments Indicative allocations (% of Total Assets) Risk Profile
Minimum Maximum High/Medium/Low
Units of Equity Schemes 25% 65% Medium to High
Units of Debt / Money Market Schemes 25% 65% Low to Medium
Units of Gold Scheme 10% 20% Medium
Money Market instruments, Short-term Corporate debt securities, CBLO, Repo / Reverse Repo in government securities and treasury bills only 0% 5% Low
(Source: Scheme Information Document)

The Scheme predominantly invests in the units of Equity, Debt / Money Markets and Gold schemes of Quantum Mutual Fund. Currently, the following schemes are used to gain exposure to a particular asset class:

For equity - Quantum Long Term Equity Value Fund, Quantum Nifty ETF

For debt & money market instruments - Quantum Liquid Fund, Quantum Dynamic Bond Fund

For Gold - Quantum Gold Fund (ETF)

The Units of any other Equity and Debt / Money Markets scheme launched by Quantum Mutual Fund from time to time would be eligible to be part of the above asset allocation components.

Although QMAFOF aims to invest predominantly only in the schemes launched by Quantum Mutual Fund, QMAFOF may seek to invest in the units of similar schemes of other mutual fund houses in case of any investment and regulatory constraints that arise that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund.

The investment objective of Quantum Multi Asset Fund of Funds is, "to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt/money markets and gold schemes of Quantum Mutual Fund"

QMAFOF benchmarks it against the Crisil Composite Bond Fund Index (40%) + S&P BSE Sensex Total Return Index (40%) + Domestic price of Gold (20%).

Being a fund of fund, this benchmark is most suitable to compare QMAFOF's performance. The unique combination clubs together the relatively risky assets with other stable asset classes in the portfolio.

Backed by an astute investment strategy, taking the relative valuations between asset classes into consideration such as Price-to-Earnings relative to historical averages; the relationship between earning yield to bond yield relative to historical averages; and macroeconomic factors prevailing globally and within India, the two fund managers of QMAFOF, namely Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have generated respectable returns for investors.

Table 2: Report card of QMAFOF versus some of its peers
Scheme Name AuM (Cr) Returns since Shri Narendra Modi first took oath as Prime Minister of India on May 26, 2014 Returns since the all-time high of the S&P BSE Sensex (From Jan 20, 2020 to April 27, 2020)
Absolute Returns Annualized Returns Absolute Returns
SBI Multi Asset Allocation Fund 220.63 65.50% 8.90% -4.60%
ICICI Prudential Multi-Asset Fund 9022.56 50.50% 7.20% -18.90%
Quantum Multi Asset Fund of Funds 16.23 49.70% 7.10% -4.40%
Axis Triple Advantage Fund 258.6 46.90% 6.70% -14.30%
HDFC Multi-Asset Fund 198.05 36.10% 5.30% -14.00%
UTI Multi Asset Fund 564.1 28.40% 4.30% -12.00%
Data as of April 27, 2020
Direct Plan considered and the peer list is not exhaustive
(Source: moneycontrol.com)

Even as the equity market is panting for breath attributable to COVID-19 and volatility has intensified, QMAFOF due to its sensible asset allocation to equity, debt and gold through its underlying portfolio, has fared relatively better than some of the peers.

ICICI Prudential Multi-Asset Fund, Axis Triple Advantage Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, on the other hand, have all eroded investors wealth posting double-digit negative returns (see Table 2) in this downturn. Some of these schemes have fared well during upswings by keeping to the allocation to equities high, but on the downside, they have not managed the risk very sensibly. Investors, as a result, have experienced a roller-coaster ride in the journey of wealth creation.

A multi-asset fund, ideally, is expected to be truly balanced and sensibly allocate its assets whereby the downside risk of one asset class is compensated by the positive returns of the other asset classes.

Here are five good reasons to invest in Quantum Multi Asset Fund of Funds

  1. You gain from a diversified portfolio across asset class which, in turn, reduces risk and optimizes returns.
  2. You do not have to worry about portfolio rebalancing; the fund manager will astutely do it for you at regular intervals in the endeavour to achieve the set-out investment objective of the fund.
  3. Portfolio tracking will be easy for you instead of tracking 10 different schemes
  4. You will benefit from the lowest expense ratio in the category
  5. And above all, Quantum Mutual Fund's strong research capabilities across various asset markets - equity, debt and gold, -- with robust investment processes & systems followed at the fund house.

Suitability of Quantum Multi Asset Fund of Funds

QMAFOF is a perfect fund for investors looking to tactically diversify the portfolio with a single fund across equity, debt and gold, plus leave the aspect of rebalancing to the discretion and expertise of the fund manager.

Furthermore, the fund is appropriate for investors seeking long term capital appreciation, who have a moderately high-risk appetite, and an investment time horizon of 3 to 5 years.

It is the best time to invest in the Quantum Multi Asset Fund of Funds. Valuation-wise, Indian equities look attractive and there appears to be a decent margin of safety (with a high return potential if the equity markets ascend).

Similarly, given the uncertainty surrounding the world, gold is expected to display its lustre. The economic uncertainty surrounded by the COVID-19, GDP growth rates being revised downwards, easy monetary policy action and stance followed by central bank across the world, geopolitical tensions, trade tension, and increased stock market volatility are likely to keep spotlights on gold.

Likewise, with credit risk getting amplified, it makes sense to have exposure to a pure Liquid Fund (that does not take exposure to Commercial Papers issued by private entities). Now that policy rates are already lowered by RBI to address growth concerns, it does not make much sense to take exposure to the longer end of the yield curve; it could prove less rewarding and risky (may encounter high volatility) in the foreseeable future. Deploying your hard-earned money is short-end of the maturity curve, would be far better.

By investing in Quantum Multi Asset Fund of Funds, you will be able to balance the risk better with a sensible investment strategy in place.

Just as an excess drug dosage cannot treat COVID-19, your investment portfolio, too, needs just a fair amount of diversification to clock optimal risk-adjusted returns in the journey of wealth creation.

Go ahead and consider investing in Quantum Multi Asset Fund of Funds.

Happy Investing!

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

Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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

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




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How Quantum Multi Asset Fund of Funds Protects the Downside Risk

Posted by Equitymaster
      

The Indian equity markets are on a rollercoaster with the uncertainty surrounding the COVID-19 pandemic. It's been a nerve-racking experience for investors and wealth has been eroded.

As we continue to battle COVID-19 with lockdown 3.0, on a year-to-date basis the S&P BSE Sensex is down -23.9% as of May 5, 2020, (see Table 1 below).


Table 1: Wealth erosion across market cap segments
Particulars S&P BSE SENSEX S&P BSE Mid-Cap S&P BSE Small-Cap
All-time high (Dates) 20-Jan-20 9-Jan-18 15-Jan-18
All-time high level (in points) 42,273.87 18,321.37 20,183.45
       
Level as of Jan 1, 2020 (in points) 41,306.02 14,998.63 13,786.69
Level as of May 5, 2020 (in points) 31,453.51 11,391.21 10,649.61
       
YTD Return (%) -23.90% -24.10% -22.80%
Correction since the all-time high (%) -25.60% -37.80% -47.20%
Data as of May 5, 2020
(Source: bseindia.com; PersonalFN Research)

Balanced Hybrid Funds that are supposed to be balanced and protect downside risk have gone on to erode investors' wealth by seldom maintaining a 'fair balance' and displaying unreasonable love and exuberance for equities plus for taxation reason -- to be treated as an equity-oriented fund. (see Table 2 below).

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

Similarly, many multi-asset funds that hold the mandate to invest with allocation across three asset classes i.e. equity, debt and gold with minimum 10% in each have posted negative returns (see Table 2 below).

Table 2: Report card of Balanced Hybrid Funds and Multi-Asset Funds
Scheme Name AuM (Cr) 3 Mths 6 Mths 1-Yr 2-Yr 3-Yr 5-Yr P2P Returns:
Jan 1, 2020 To
April 30, 2020
Balanced Hybrid Funds
SBI Equity Hybrid Fund 26,924.55 -16.80% -13.20% -7.90% -0.50% 4.50%   -12.10%
ICICI Prudential Equity & Debt Fund 16,219.25 -17.20% -17.10% -14.07 -4.40% 0.50% 5.80% -16.10%
HCDF Hybrid Equity Fund - Direct Plan 14,890.78 -15.20% -12.70% -12.20% -5.50% -2.10% 2.70% -15.00%
Aditya Birla Sun Life Equity Hybrid 95   -19.20% -19.00% -17.20% -9.00% -3.10% 3.20% -17.20%
6,914.36
L&T Hybrid Equity Fund 5,405.22 -16.20% -14.90% -11.90% -6.40% -0.90% 4.90% -12.80%
Multi Asset Funds
ICICI Prudential Multi-Asset Fund 9,022.56 -14.50% -14.80% -12.10% -4.10% 1.00% 5.20% -13.90%
UTI Multi Asset Fund 564.1 -11.80% -10.40% -6.80% -3.20% 0.30% 2.90% -7.10%
SBI Multi Asset Allocation Fund 220.63 -3.60% -3.20% -6.20% 4.20% 5.60% 7.60% -1.70%
HDFC Multi-Asset Fund 198.05 -10.30% -6.40% -4.00% -0.60% 2.20% 5.10% -8.60%
Quantum Multi Asset Fund of Funds 16.23 -1.20% -0.90% -4.20% 5.00% 5.90% 7.30% -2.00%
Benchmark: S&P BSE Sensex TRI - -22.00% -21.10% -17.50% -3.50% 3.00% 4.30% 22.90%
Data as of April 30, 2020
Growth Option and Direct Plan considered and the peer list is not exhaustive
(Source: moneycontrol.com; advisorkhoj.com; PersonalFN Research)

ICICI Prudential Multi-Asset Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, in particular, have not lived up to the expectation and the trust evinced by investors (going by their AUM size). Not just are their recent returns amidst the outbreak of COVID-19 crisis unappealing, but even the 3-year and 5-year compounded annulaised return is nothing to vie for. This is because they haven't been able to sensibly allocate to the three key asset classes: equity, debt and gold, and play the investment strategy astutely.

On the other hand, the Quantum Multi-Asset Fund of Funds (QMAFOF) has depicted true balance backed by its sensible investment strategy arrested the downside risk and relatively fared better vis-a-vis its peers over 3-year and 5-year time periods.

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

The Quantum Multi-Asset under normal circumstances by maintaining 25%-65% exposure to units of equity schemes (vide Quantum Long Term Equity Value Fund, Quantum Nifty ETF); 25%-65% exposure to units of debt and money market instruments (vide Quantum Liquid Fund, Quantum Dynamic Bond Fund); 10%-20% in units of gold schemes (vide Quantum Gold ETF); and up to 5% in money market instruments, Short-term Corporate Debt securities, Tri-Party Repo, Repo/ Reverse Repo in Government securities and Treasury Bills has been able to generate modest, yet appealing returns than the rest, and mitigated the risk by diversifying across asset classes: equity, debt and gold.

Historically it is proved that all classes never move in the same direction -- up or down -- at the same time. There could be times when certain asset classes perform better than the other and/or show an inverse relation to another (see Table 3).

Table 3: Here's how various asset classes fared per calendar year
Source: Bloomberg; Equity represents Sensex returns, Debt represents 10 year G-sec return, Gold represents domestic Gold spot price returns;
*As on 31st March 2020
Past Performance may or may not be sustained in future

(Source: quantumamc.com)

If your multi-asset fund strategically allocates between equity, debt, and gold sensing the pulse of each asset class, maintains balance, and takes calculated risk sensible wealth creation is possible.

In the on-going COVID-19 crisis, equities will remain volatile, but given the sharp correction, there are and will be, enough long-term value-buying opportunities with a decent margin of safety.

Gold in such uncertain times would continue to gain all the attention. Easy monetary policy action and accommodative stance to address growth concerns, a record-high debt-to-GDP ratio, trade war tensions, geopolitical tensions, the potential risk to the inflation trajectory mainly due to food prices, increased stock market volatility, and the U.S. Presidential election in November 2020 are some of the factors expected to work in favour of gold. The precious yellow metal will demonstrate its trait of being a portfolio diversifier, a hedge (when other asset classes fail to post alluring returns), and command a store of value.

And speaking of debt & money market instruments, with exposure to highly rated papers and predominantly government securities, will act as a stabilizer.

A unique aspect of QMAFOF is that it has always taken relative valuations between asset classes into consideration, such as:

  • Price-to-Earnings relative to historical averages;
  • The relationship between earning yield to bond yield relative to historical averages; and
  • Macroeconomic factors prevailing globally and within India

It is this wide-ranging and sensible approach that has helped QMAFOF to protect against the downside risk and reward its investors better than many of its peers. The fund managers, Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have strategically moved in and out of the aforesaid asset classes wisely recognising their upswings and downswings.

[Read: Why Tactically Invest Across Asset Classes amidst COVID-19 with Quantum Multi-Asset Fund Of Funds]

The choice is completely yours: to stay invested in a 'Balanced Hybrid Fund'/ Multi-Asset Fund that does not show true balance and keep harming your health and wealth; or make a sensible move and switch over to Quantum Multi Asset Fund of Funds that is truly balanced and has sensibly generated wealth for investors without the shrieking experience of a rollercoaster.

Wish to invest in Quantum Multi Asset Fund of Funds? Click here.

Happy Investing!

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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

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




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5 smart tips to make your hotel room healthier

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

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

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

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

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

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

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

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

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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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10 multi-purporse travel essentials you cannot do without

Are you planning a long distance travel or a long vacation? Confused what to take and how to pack all your belongings? Worry not, as experts like Shikhee Agrawal, (Head - Training, The Body Shop India) and, Shubhika Jain (Founder of RAS Luxury Oils), have listed 10 must-haves for long distance travel. Also, while travelling long distances, it is best to choose products which are more multi-purpose and carry essentials in travel-size bottles. 

Here are 10 such travel essentials you just cannot do without:

1. Face mask: A face mask is one of those essential and handy things that will make you feel better instantly when you are travelling. If you don't have space in the bag to pack your sleeping creams, a mask will help you wake up with refreshed and moist skin.

2. Face elixir: A face elixir with a blend of beauty oils with rose, sandalwood, frankincense, patchouli, rosehip and vetiver nourishes your skin, ensuring your face always has a gorgeously glowing, satin complexion. After your morning/evening cleansing ritual, take 2-3 drops in the palm of your hand and rub them together to warm before pressing gently onto your face and neck to infuse into the skin. These elixirs can be used as a handy to-go multi-purpose moisturiser when in need of hydration.

3. Cleanser: Don't forget to carry your skincare routine with you especially when it comes to cleanser. They can prevent multiple problems like dust. It will even help you remove make-up and moisturise skin.

4. BB cream: This cream is not just subjected to ultra-fine glow of the face anymore but also contains optimal SPF factor and acts as the skin perfecto and primer. It's best and sensible to avoid multiple products but simply replace it with a good BB cream for the radiance with protection.

5. Eye concentrate or serum: Travelling can make your dark circles appear big due to the long journey and lack of sleep. So an eye concentrate or serum is a must to be included during your daily skincare regime. Eye creams are usually enriched with ingredients which detoxify and reduce puffiness around the tired eyes.

6. Lena perfume bottles: When you need to select a scent for your vanity, pick up one in a travel-sized package. The lean bottles easily slip into your bag and will never spill.

7. SPF enriched lip balm: Lip balm with minimum SPF 15, keeps your pout nourished and soft with moisture boosting lip balm that contains a minimum of SPF 15.

8. Hand and foot cream: A hand and foot cream is a must for keeping every part of your body moisturised, with no rough sides. Travelling while caring for your skin is a must.

9. Lavender and geranium salt polish: For exfoliation, a lavender and geranium salt polish is a good, safe and natural choice. It is a perfect way to get rid of dry, dead skin which may have resulted from a sunburn or just not enough hydration. The salt polish can also be used as bath salts.

10. Use distinct pouches: Keep similar items together and it's best to use distinct pouches for everything and pack them right in the middle of your luggage so as to form a gentle cushion over them and to make sure that they don't get squeezed accidentally.

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

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Can rap culture, Urdu poetry influence morchas?

What's common between rapper Sofia Ashraf, filmmaker Fathima Nizaruddin and Urdu-Kashmiri poet Mohammad Muneem Nazir? Besides a form of expression, they use their art as a tool of resistance. Next week, they will come together at Godrej India Culture Lab for Performing Protest, an evening that explores how art works with hunger strikes and marches to help create change. "The idea is to highlight alter-narratives [alternative narratives]. Young India is protesting in a number of ways — through candle-light marches, online petitions and flash mobs. Art is also one of them," says Lab head Parmesh Shahani.


A still from Nuclear Hallucinations


Fathima Nizaruddin

Ashraf will share more on the causes she supports through her music — the viral hit Kodaikanal Won't, protested against the mercury poisoning due to Unilever's thermometer plant, and Dow Vs Bhopal: A Toxic Rap Battle, appealed to the White House to help bring Dow Chemicals to bring justice for the Bhopal Gas Tragedy. "Today, the culture of dissent is looked down upon and those practising it are shown in a bad light, as the powers that be clamp down with terms like anti-national. So, it's important to stress on art's role in dissent," says Ashraf, who will also showcase the tongue-in-cheek music videos she creates under the series, Sista From the South.


Sofia Ashraf. Pic courtesy/Pretika Menon


Mohammad Muneem Nazir

Delhi-based Nizaruddin, currently pursuing practice-based PhD from London's University of Westminster, will showcase Nuclear Hallucinations. The 54-minute film on the anti-nuclear struggle against the Kudankulam Atomic Power Project in Tamil Nadu, highlights cases of sedition and war against the state that have been filed against the protestors. "Cases are even filed against grandmothers running coffee shops. The film questions the totalitarian nature of pro-nuclear assertions in the form of a satirical documentary. Instead of conducting interviews, I asked the villagers to wear masks and stage impersonations," shares the director, who will also present a performance before the screening.


Parmesh Shahani

Nazir will perform Urdu poetry that reflects the turmoils in the Valley. "My music appeals to people to be compassionate," he says. The trio will come together for a panel discussion about their work process.

ON: October 27, 5 pm
AT: Godrej One, Vikhroli East.
RSVP: indiaculturelab@godrejinds.com





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Aati Kya Khandala's tapori lyricist survives health scare, bounces back

In 1996, when lyricist Nitin Raikwar dropped by on the set of Aamir Khan's Ghulam, on the recommendation of actor and filmmaker Neeraj Vora, it was to craft gimmicky dialogues for Khan's next film, Sarfarosh. "They wanted me to write funny shayaris for one of the characters in the film," he says. The shoot was at Sanpada in Navi Mumbai, and due to a technical snag, the crew had plenty of time to kill. "I noticed that Aamir was relatively free at that point, so I went up to him and requested that he give one of the songs I had written a listen. He heard it, and immediately called director Vikram Bhatt. They both thought the song was unusual but nice," recalls Raikwar. That song was Aati Kya Khandala, eventually sung by Khan himself, becoming a number that would make it to every Bambaiyya Hindi song list after.


Nitin Raikwar, sought to capture the mood of Goa. Pic/Satej Shinde

Raikwar went on to continue to use the slang in some of his memorable songs including Apun Bola Tu Meri Laila from Josh (2000), Excuse Me Kya Re from Style (2001) and the iconic Khallas from Ram Gopal Varma's Company (2002). Raikwar has also worked on children's films, and penned lyrics for Chota Chetan (1998), Jajantaram Mamantaram (2003) and others like Pyar Tune Kya Kiya (2001), Aankhein (2002) and Main Madhuri Dixit Banna Chahti Hoon (2003). "I think what worked for me at that point was the novelty factor. People dig variety. For instance, we may love our vada pav, but when the burger made an entry in early 2000, we started queuing up for it. It's the same with songs," he says. These days, Raikwar is working on his debut album for which he has collaborated with Shrikant Ahire, one of Maharashtra's foremost shadow dancers. He plans to release a single from it next month. The song is called Khan Sahab Apne Ladke Ko Sambhal. "I thought I'd write in a manner that people identify with. I can't write in a flowery and larger-than-life way. It's not me."


Apun Bola from Josh, which was written by Nitin Raikwar

Writing in tapori language was a skill that Raikwar developed after he moved to Mumbai from Pune in 1987. By then, he had already tried his hand at singing in orchestras, something his father wanted him to do since he was a successful show organiser. "But I didn't see myself singing in orchestras all my life. I was aware of the risk and struggle involved in Bollywood, but I was adamant to make it," he says. With little money to spend, Raikwar's story reads like that of so many others who move to Mumbai from smaller towns to try their luck. "When a man is struggling, he spends time with people who are like him. So I would sit at chai tapris and talk to rickshawallas, drivers and daily wage labourers. Because I'm talkative and an extrovert by nature, I could strike up a conversation with just about anyone. That's how I picked up the slang," he says. Even when he didn't have projects, Raikwar would write and seek feedback from his friends, some of whom were already working in the film industry as supporting actors. And it's through their assistance that he finally met Anil Kapoor on the sets of Ladla. "I consider that the turning point in my life.

Anil Kapoor felt I had potential and introduced me to directors and filmmakers," he says. Raikwar's first song was Teri Tirchi Nazar Main Hai Jaadoo for Anil Kapoor-starrer Loafer in 1996. But it was Aati Kya Khandala that earned him fame like no other. In fact, it helped him bag a Shah Rukh Khan film soon after. "I remember writing Apun Bola in 15 minutes after I heard the script. I wanted it to reflect Goan culture so I included words like kokum curry. You'll also find words like 'hoinga' and 'karenga', just the way a Catholic aunty would say them," he says.

In 2014, Raikwar had to put all work on the backburner for two years due to an illness. It began with bouts of headache, and he was later diagnosed with subdural hematoma of the brain. "The clots had to be removed through surgery. For a long time, I couldn't work because of the illness. I'm fine now, and hope to get back to what I do best," he says.

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New play pays tribute to Mumbai's harmony despite cultural diversity

Even before the term globalisation was coined, the city of Mumbai had neighbourhoods that were multicultural and yet lived in complete harmony. Director-actor Akshay Shimpi's upcoming play Mumbai – The City United, cashes on that beautiful diversity that has now become the nerve of the city. Shimpi says, "As an artist and Mumbaikar, we love this city. It inspires us. Many artists have expressed how the city has served as their muse. Their love has found shape in their respective art form. We have compiled their literature, poems, articles, paintings, plays and songs in this play as a tribute to our beloved city." The play has stitched together songs, skits and readings of stories from the glorious past of the city's literature.

Shimpi and his team acquired works of renowned artists in various languages. When asked why he chose to go with a multilingual play, he says, "Thanks to its cosmopolitan nature, Mumbai, over the years, has developed its own language. In fact, it has its own dialect, and there's also Hindi, which is spoken across the country. Using multiple languages was one way to reflect the true spirit of the city."


Shimpi and Dhanashree Khandkar who have written and performed the play

The cast will be performing songs by yesteryear folk artists such as Vasant Bapat, Anna Bhau Sathe, Patthe Bapu Rao to name a few. Their songs talk about various historical movements in the city such as the shutting down of mills, for instance. These verses have been woven into the script that touches upon the culinary and architectural heritage, festivals and even the city's underbelly.

Shimpi believes that Mumbai is so vast and varied, everyone has a different interpretation of what the city means to them. As for him, he says, "Whenever I'm asked to describe the city, I take reference from the folktale where seven blind men were asked to describe an elephant. For someone, it was a long tube (trunk) while for someone else it was a curtain like a flap (ear). For me, Mumbai is that elephant's stomach. It is so big that it can always accommodate everyone."

When: January 27, 7 pm
Where: Mumbai Marathi Sahitya Sangh, Charni Road, Kele Wadi, Girgaon
Entry: Rs 150
Call: 9619336336

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Do you know these health benefits of bottle gourd or doodhi

Representational picture

A bottle gourd or dudhi as we call it is one of the healthiest vegetables. When it is fresh, the fruit has a light green smooth skin and white flesh. Doodhi is about 92 percent of water and minerals which keeps your body hydrated. The bottle gourd or doodhi has a long list of health benefits. Dr. Manoj Kutteri, Wellness Director at Atmantan Wellness Director lists some of them

  • Cooked bottle gourd aids for better digestion. It is cooling, calming, diuretic and anti-bilious (reduces bile and stops indigestion). The B vitamins assist in increasing the body’s metabolic rate to better digest fats, proteins, sugar and carbohydrate.
  • Like cranberries, bottle gourd supports the kidneys and the urinary system of our body by reducing burning sensation from high acidic urination. It also reduces the chances of urinary infection because it is alkalizing and has a diuretic effect. Consume if you have high creatine and uric acid.
  • A nutritious vegetable for the female reproductive system.
  • It is extremely popular for weight loss especially the bottle gourd juice.
  • Bottle gourd is extremely popular for reducing high blood pressure and bad cholesterol in some people.
  • Bottle gourd is known to combat excessive thirst in diabetic patients.
  • The fiber and the minerals in the bottle gourd support healthy digestion and combats constipation, colic pain and ulcer.
  • Helps to prevent premature greying and improve hair growth.
  • The Vitamin C and Zinc in lauki prevent pre mature aging and wrinkles as well.
  • Bottle gourd is recommended for reducing liver inflammation.
  • Lauki juice taken with ginger or black pepper can help with respiratory health.
  • Bottle gourd is over 90% water therefore it is easy to digest
  • The vitamins, minerals and dietary fibre in lauki keep the body well-nourished and curb unnecessary appetite, especially if you drink its juice in the morning on an empty stomach.
  • It also contains sodium, potassium, essential minerals and trace elements, which regulate blood pressure and prevent the risk of heart ailments.
  • High in sodium and potassium, bottle gourd is also an excellent vegetable for people with hypertension.
  • Mixing the juice with sesame oil provides an effective medicine for insomnia. Massage the scalp with this preparation every night.

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Mediterranean diet may curb air pollution's effect on health



Consuming Mediterranean diet rich in antioxidants could reduce the adverse effects of air pollution on health. A diet which includes antioxidants present in fruits, vegetables, whole grains, legumes, olive oils, fish and poultry over red meat and processed foods, can weaken the adverse effects of exposure to high levels of air pollution, says researchers.

The study showed that people who least adhered to these antioxidant-rich foods had 17 per cent higher risk of cardiovascular disease related deaths for every 10 micrograms per cubic meter increase in long-term average PM2.5 exposure, compared to 5 per cent in those who consumed such diet.

"Given the benefits we found of a diet high in antioxidants, our results are consistent with the hypothesis that particle air pollution caused by fossil fuel combustion adversely affects health by inducing oxidative stress and inflammation," said George Thurston from Department of Environmental Medicine at the New York University.

The study, presented at the American Thoracic Society 2018 International Conference in San Diego, included data from 548,699 participants for over a period of 17 years. They were linked to estimates of long-term exposure to fine particulate matter (PM2.5), nitrogen dioxide (NO2) and ozone (O3) based on census tract information.

Deaths from all causes increased by 5 per cent for every 10 parts per billion (ppb) increase in long-term average NO2 exposure in those with least consumption of the diet as compared to 2 per cent among the people with higher consumption.

"However the diet did not appear to protect against the harmful effects of long-term exposure to O3...the ozone effect was not significantly blunted by a Mediterranean diet, so ozone apparently affects cardiac health through a different mechanism", said Thurston.

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





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Lihaaf is about alternate sexuality, says Rahat Kazmi


Kashmiri filmmaker Rahat Kazmi is best known for his film Mantostaan

When Rahat Kazmi first shared the idea of making a film on Lihaaf with Tannishtha Chatterjee and Sonal Sehgal, they asked him if he would really dare to do such a thing. After all, Lihaaf has been fodder for controversy ever since Ismat Chughtai wrote it. It has been an uphill road for this Kashmiri filmmaker, who is best known for his film Mantostaan, that was based on four short stories by Saadat Hassan Manto. Kazmi's Lihaaf, that recently unveiled its first look at the Cannes Film Festival, has the world's attention now, especially, since Marc Baschet, Academy Award-winning producer came on board. Things are looking much more grand than Kazmi had imagined a year ago.

"I read Lihaaf for the first time as a teenager. I have always been drawn towards Urdu literature, having grown up in Kashmir. Stories of Chughtai and Manto are always fascinating. When you read them at a young age, they seem obscene, but as you grow older, you know better. My friends and I experienced something similar too. And I would keep going back to Lihaaf," says the 36-year-old. Having read it in English, Kazmi hunted down the Urdu version too, which was not easy given the controversy surrounding it. After it was published in 1942 in Urdu literary journal Adab-i-Latif, Chughtai had to defend herself in Lahore Court having being charged with obscenity. Kazmi's film, in fact, starts at the point where the police comes to Chughtai's house in [then] Bombay to summon her.


A still from the film

"The film has two parallel tracks — that of Lihaaf, the story, and that of the trial which is the outcome of the story. It's interesting that the story itself is a true account. Ismat's family confirmed to me that she indeed knew a begum on whom the story was based. And later, a grown up Ismat met her when she had remarried, and had children too," Kazmi says. It was not easy for him to convince Chughtai's family to grant him permission to make the film. "It's difficult for them to trust anyone. I met her daughter Sabrina and her grandson, Ashish Sawhny. When they got to know about Mantostaan, and the recognition it got internationally, they saw in me someone they could trust," he says.

In the film, Chatterjee plays Chughtai while Sehgal, Begum Jaan. Interestlingly, Baschet wanted to associate with the film after he saw the first cut. Until then, it was an independent production shot in three months. Lihaaf, Kazmi stresses, is not as much about homosexuality as it is about alternate sexuality. "This is a common misconception. Begum Jaan falls for her masseuse Rabbo only after she fails to find love in her husband. It's more about love and the need for physical affection." The visuals are a mix of risqué and suggestive. "The best thing about Chughtai and Manto is that they don't judge their characters. I have tried to do the same," he says. Now, as the film prepares for a world premiere — the choice is between Toronto and Venice — we ask Kazmi if he's concerned about reactions on home ground. "For me, it was cathartic to make it. As far as controversies are concerned, let's cross that bridge when we come to it," he says.

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Bit surprised by CA's financial health but we will work together to overcome crisis: Hazlewood

Fast bowler Josh Hazlewood is a "bit" surprised that Cricket Australia is struggling financially due to the COVID-19 pandemic but said players will work together with the governing body to overcome the crisis. With the coronavirus outbreak halting all cricketing action, Cricket Australia (CA) has laid off 80 per cent of its staff for the rest of the financial year which ends on June 30. Reports suggest that CA will run out of cash by August. "I was a bit surprised there but there has to be some impact, no doubt," Hazlewood was quoted as saying by 'Sydney Morning Herald'. Hazlewood said the financial crisis will hit cricketers too and they are ready for a reduced salary.

"We are no different from any other sport. It just depends how long it hangs around as to how much it is going to affect us, I guess. If it leads into next summer, it will be quite serious," Hazlewood said. "We're obviously partners in the game and we've always said that. We have ridden the highs and now its probably time to ride the lows, a little bit." CA and Australian Cricketers' Association (ACA) had an ugly pay dispute in 2017 but Hazlewood said relations have improved since and hoped this crisis will be handled better this time. "I think the relationship is a lot better now, between the ACA and CA. It's developed a long way in the last 18 months to two years, probably," he said. "... so that will go a long way towards having this episode (handled) a lot better than last time. It's all positive from our end and I think, from both ends. "Hopefully it's a lot better communication this time and I think you will see that in the coming weeks and the coming months. As long as they show a lot of transparency on all the numbers, all the players will be pretty happy with that."

According to the MOU signed in 2017, CA has to provide ACA with revenue estimates and a national contract list for the upcoming summer by April 30 and Hazlewood expects the deadline to be met so that players can be better prepared for the financial fallout. "April 30 is what the players want and it's in the MOU but I guess these are strange times. Anything can happen," Hazlewood said. "The ideal (situation) is that they're put out before April 30 and obviously then we will know, financially, what we can get ready for and how much of a percentage is lost and how much of our contracts are affected. "The sooner we know that, the more we can plan for the next 12 months." The global health crisis, which has killed more than 1.6 lakh worldwide, has put this year's T20 World Cup and India's tour of Australia under threat.

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Felt disappointed after I wasn't picked for 2007-08 Australia tour: Parthiv Patel

Wicket-keeper batsman Parthiv Patel on Tuesday revealed that he got really disappointed when he was not picked in the Indian squad for the 2007-08 Australia tour.

Patel also said that he knew he was fighting for the second wicket-keeper slot, but was disappointed after not being picked in the squad.

The wicket-keeper batsman was doing an Instagram Live session with former pacer RP Singh.

"It is important to be at the right place at the right time. When the team got selected for Australia tour in 2008, I was competing for the second wicket-keeper slot as Dhoni had cemented his place as first choice pick. I was disaapointed when I did not get picked in the squad," Parthiv told RP Singh during the session.

"Dilip Vengsarkar was the chairman of selectors, he called me and said you have been performing well, keep at it and then he told me that I was not selected for the Australia series," he added.

In the 2007-08 series, Australia defeated India 2-1, but the four-match contest was marked with controverseies.

The second Test of the tour at the Sydney Cricket Ground is commonly known as the 'MonkeyGate Test' as it saw a fiery on-field contest between Harbhajan Singh and Andrew Symonds.

In the Instagram Live session, Parthiv also said that all wicket-keepers in the country knew that they cannot be selected as first choice keepers as MS Dhoni had made the place is own.

"We all were competing for the second-wicket keeper slot. At that time, I used to think of giving my best in every match I play, you knew the reality thaat the skipper of the side is wicket-keeper, so you cannot be selected in the squad as first choice," Patel said.

Parthiv has played 25 Tests, 38 ODIs for India. He had made his debut in 2002 against England at Trent Bridge and he created the record for being the youngest wicket-keeper to play the game of cricket.

He was just 17 years and 153 days old at that time and had eclipsed the previous record of being the youngest wicketkeeper, previously held by Pakistan's Hanif Mohammed (17 years and 300 days).

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RIP Rishi Kapoor: Sachin, Mithali, Harbhajan extend heartfelt condolences to Kapoor family

Veteran Bollywood actor Rishi Kapoor passed away today after he was admitted at the Sir HN Reliance Foundation Hospital in Mumbai.

Earlier today, Bollywood actor Amitabh Bachchan took to social media site Twitter to confirm the news of the death of Rishi Kapoor.  Sachin Tendulkar, Mithali Raj, Harbhajan Singh and his wife Geeta Basra all took to Twitter to express their feelings on the sudden death of Rishi Kapoor this morning.

"Very very sad to hear about the passing away of Rishi ji. I grew up watching his movies and he was always very gracious when we met over the years. May his soul Rest in Peace. My heartfelt condolences to Neetu ji, Ranbir and the whole Kapoor family," said Tendulkar on Twitter.

Indian women's ODI team skipper Mithali Raj termed the actor's demise as "huge loss" and said she will miss him on the silver screen.

"Shocked by the demise of veteran actor Rishi Kapoorji.Never quite got his due for the acting genius that he was! His boyish smile,straight talking ,jovial & endearing personality won him millions of followers.Huge loss.Will miss dearly on the silver screen. OM Shanti #gonesoon," Raj tweeted.

India spinner Harbhajan Singh also mourned the death of the actor and wrote, "Woke up with this very sad news @chintskap is no more #RIPRishikapoor ji Condolence to the family.."

Harbhajan Singh's actress wife Geeta Basra also took to Twitter to share a quote from his film as a tribute to Rishi Kapoor.

In September 2019, the veteran actor returned to Mumbai after staying in New York for almost a year for cancer treatment. He was last seen in the 2019 film 'The Body' alongside Emraan Hashmi and Shobita Sobhita Dhulipala.

Inputs from ANI

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Ricky Ponting gets nostalgic, shares 1998 Commonwealth Games jacket picture

Remembering the loss at the hands of South Africa in Kuala Lumpur Commonwealth Games in 1998, former Australian skipper Ricky Ponting on Sunday shared a picture of his jacket that he used in the event.

Taking to Twitter Ponting posted a picture and captioned the post, "Found my jacket from the Kuala Lumpur Commonwealth Games in 1998. One of the few occasions we weren't good enough in a big tournament, South Africa outplayed us in the gold medal game."

In the gold medal match, Shaun Pollock led side outclassed Australia by four wickets with 24 balls remaining.

Proteas won the toss and asked Aussies to bat first. The team from Down Under was only able to post a total of 183, thanks to skipper Steve Waugh's unbeaten knock of 90 runs. Ponting failed to leave his impression on the scoreboard and was sent back to the pavilion after scoring just two runs.

Chasing 184, Mike Rindel and Jacques Kallis guided South Africa to a comfortable victory in 46th over. Rindel amassed 67 runs while Kallis scored 44 runs. Australia settled with a silver medal in the competition while New Zealand bagged the bronze medal.

For the first time, cricket was included in the 1998 Commonwealth Games in Malaysia. Matches were played over 50 overs and had List A status rather than full One Day Internationals.

However, now in Birmingham CWG 2022 women's T20 cricket has been included and eight teams will compete for the coveted gold medal.

The ICC will be responsible for the competition terms and the conduct of cricket, by way of providing match officials and ensuring matches are played as per the laws of the game.

The Birmingham 2022 Games will take place in England from July 27 to August 7, 2022, and will see 4,500 athletes competing at across 18 sports.

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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.

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Boris Johnson, fiancee announce birth of 'healthy baby boy'

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.

"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.

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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Viral picture of a cat bringing sick kitten to hospital melts hearts online

In an incident that show motherly love is the same for every species on Earth, viral pictures of a worried cat in Turkey bringing her sick kitten to hospital for treatment shared on Twitter has made netizens emotional.

A Twitter user shared the pictures of the cat carrying the kitten with her mouth and walking into a hospital in Turkey. Another set of pictures shared by the user shows a team of doctors attending the cat and treating the kitten. The translation of the tweet originally in Turkish, reads, “Today in the hospital, a cat brought her baby in her mouth to the emergency room.” The post garnered more than 83,600 likes and was retweeted over 4,800 times.

The pictures were also tweeted by a official in the Indian Revenue Service, Naaved Trumboo, who tweeted, “As strange as it may seem, a cat walked into a hospital in Turkey seeking help for its sick kitten.” He also said in the tweet that mother’s love works in mysterious ways.

Here’s how the twitterati reacted:

What do you think about the post?

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Kim Jong-un resurfaces after 20 days amid health rumours

North Korean leader Kim Jong-un attended a fertiliser factory completion ceremony, state media reported on Saturday, his first public appearance after 20 days of absence that sparked rumours about his health.

North Korea's official Korean Central News Agency (KCNA) reported that Kim cut the tape at the ceremony marking the completion of Sunchon Phosphatic Fertilizer Factory in Sunchon, north of Pyongyang, on Friday. Photos released by KCNA showed Kim, dressed in a dark Mao suit, cutting the red ribbon during the ceremony and talking to accompanying officials with a smile on his face.

"All the participants broke into thunderous cheers of 'hurrah!' extending the greatest glory to the Supreme Leader who has brought about a new change in the development of Juche-based fertilizer industry and has led the grand revolutionary advance for strengthening self-supporting economy to a victory with his outstanding leadership," KCNA said. Juche is the concept of self-reliance.

Kim was also quoted as expressing "satisfaction about the wonderful creation". In a report last week, CNN had said that the US was looking into intelligence that Kim Jong-un was in "grave danger" after surgery.

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Tax-News.com: India Consults Taxpayers On Income Tax Law Reform

India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.




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Tax-News.com: India Consults On Advance Pricing Agreement Regime Changes

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.




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Tax-News.com: India Consults On Unitary Taxation Proposals

India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative.




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Tax-News.com: Switzerland Consults On Linking With EU Emissions System

The Swiss Federal Council is consulting on proposed changes to the CO2 Ordinance, which would link the Swiss and EU emissions trading systems.




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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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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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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.

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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.

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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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IRB INFRA. Surges by 7%; BSE REALTY Index Up 0.7%

Posted by Equitymaster
      

IRB INFRA. share price has zoomed 7% and is presently trading at Rs 69.

Meanwhile, the BSE REALTY Index is at 1,333 (up 0.7%).

Among the top Gainers in the BSE REALTY Index today is IRB INFRA. (up 7.3%).

GODREJ PROPERTIES (down 0.4%) and SOBHA LIMITED (down 1.8%) are among the top losers today.

Over the last one year, IRB INFRA. has moved down from Rs 118 to Rs 69, registering a loss of Rs 48 (down 41.1%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,333, loss of 650 points (down 32.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were [param_historic_top3].

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,083 (up 2.0%).

The top gainers among the BSE Sensex stocks today are HUL (up 4.3%), BAJAJ FINANCE (up 3.3%) and TCS (up 3.0%). Other gainers include RELIANCE IND. (up 2.8%) and MARUTI SUZUKI (up 2.7%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 9,377 (up 1.9%). The top gainers in the NSE Nifty include HINDALCO (up 4.5%), HUL (up 4.2%) and ZEE ENTERTAINMENT (up 3.7%). Other gainers include GAIL (up 3.6%) and BAJAJ FINANCE (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,083, registering a loss of 6,194 points (down 16.18%).

IRB INFRA. Financial Update...

IRB INFRA. net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 2.6% to Rs 17.4 billion during the period as against Rs 17.9 billion in October-December 2018.

For the year ended March 2019, IRB INFRA. reported 7.2% increase in net profit to Rs 8.5 billion compared to net profit of Rs 7.9 billion during FY18.

Revenue of the company grew 17.8% to Rs 67 billion during FY19.

The current Price to earnings ratio of IRB INFRA., based on rolling 12 month earnings, stands at 3.1x.

This article (IRB INFRA. Surges by 7%; BSE REALTY Index Up 0.7%) 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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DR. REDDYS LAB Surges by 5%; BSE HEALTHCARE Index Up 1.6%

Posted by Equitymaster
      

DR. REDDYS LAB share price has zoomed 5% and is presently trading at Rs 4,100.

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.6%).

Among the top Gainers in the BSE HEALTHCARE Index today is DR. REDDYS LAB (up 5.3%).

NARAYANA HRUDAYALAYA LTD (down 0.3%) and IPCA LABS (down 0.5%) are among the top losers today.

Over the last one year, DR. REDDYS LAB has moved up from Rs 2,943 to Rs 4,100, registering a gain of Rs 1,157 (up 37.2%).

On the other hand, the BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 9.0%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.8%), J.B.CHEMICALS (up 87.6%) and IPCA LABS (up 61.8%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) 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 16.35%).

DR. REDDYS LAB Financial Update...

DR. REDDYS LAB net profit down at Rs 6 billion for the quarter ended December 2019, compared to a loss of Rs 5 billion a year ago. Net Sales rose 13.8% to Rs 44.0 billion during the period as against Rs 38.6 billion in October-December 2018.

For the year ended March 2019, DR. REDDYS LAB reported 108.9% increase in net profit to Rs 19.1 billion compared to net profit of Rs 9.1 billion during FY18.

Revenue of the company grew 8.2% to Rs 154 billion during FY19.

The current Price to earnings ratio of DR. REDDYS LAB, based on rolling 12 month earnings, stands at 40.9x.

This article (DR. REDDYS LAB Surges by 5%; BSE HEALTHCARE Index Up 1.6%) 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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NCC Surges by 5%; BSE REALTY Index Up 1.3%

Posted by Equitymaster
      

NCC share price has zoomed 5% and is presently trading at Rs 25.

Meanwhile, the BSE REALTY Index is at 1,345 (up 1.3%).

Among the top Gainers in the BSE REALTY Index today is NCC (up 5.4%).

Over the last one year, NCC has moved down from Rs 92 to Rs 25, registering a loss of Rs 68 (down 73.5%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.4%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were [param_historic_top3].

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.5%), HUL (up 3.0%) and BAJAJ FINANCE (up 2.6%). Other gainers include RELIANCE IND. (up 2.3%) and AXIS BANK (up 2.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.6%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.3%), INDUSIND BANK (up 3.8%) and HUL (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.0%) and HINDALCO (up 2.9%) 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 16.52%).

NCC Financial Update...

NCC net profit down at Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 32.5% to Rs 22.8 billion during the period as against Rs 33.8 billion in October-December 2018.

For the year ended March 2019, NCC reported 153.1% increase in net profit to Rs 6.8 billion compared to net profit of Rs 2.7 billion during FY18.

Revenue of the company grew 53.7% to Rs 129 billion during FY19.

The current Price to earnings ratio of NCC, based on rolling 12 month earnings, stands at 3.4x.

This article (NCC Surges by 5%; BSE REALTY Index Up 1.3%) 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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J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%

Posted by Equitymaster
      

J.B.CHEMICALS share price has hit an all-time high at Rs 635 (up 4.2%).

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.3%).

Among the top gainers in the BSE HEALTHCARE Index today are J.B.CHEMICALS (up 4.2%) and ABBOTT INDIA (up 0.3%).

CADILA HEALTHCARE and DISHMAN CARBOGEN AMCIS LTD (down 0.1%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 635, registering a gain of Rs 304 (up 91.7%).

The BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 8.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.2%), J.B.CHEMICALS (up 91.7%) and IPCA LABS (up 62.9%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include ICICI BANK (up 2.8%) and BAJAJ FINANCE (up 2.4%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 3.9%), INDIABULLS HOU. FIN. (up 3.6%) and INDUSIND BANK (up 3.6%). Other gainers include HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.8%).

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of -6,188 points (up -16.7%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.4x.

This article (J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%) 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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TUBE INVESTMENTS OF INDIA LTD Plunges by 5%; BSE CAPITAL GOODS Index Up 0.8%

Posted by Equitymaster
      

TUBE INVESTMENTS OF INDIA LTD share price has plunged 5% and is presently trading at Rs 375.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (up 0.8%).

Among the top losers in the BSE CAPITAL GOODS Index today is TUBE INVESTMENTS OF INDIA LTD (down 5.4%).

SKF INDIA (up 7.4%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, TUBE INVESTMENTS OF INDIA LTD has moved up from Rs 368 to Rs 375, registering a gain of Rs 7 (up 1.9%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 14.0%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). DR. REDDYS LAB (up 4.7%) is 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 16.77%).



This article (TUBE INVESTMENTS OF INDIA LTD Plunges by 5%; BSE CAPITAL GOODS Index Up 0.8%) 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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ITD CEMENTATION INDIA Surges by 11%; BSE REALTY Index Up 1.3%

Posted by Equitymaster
      

ITD CEMENTATION INDIA share price has zoomed 11% and is presently trading at Rs 38.

Meanwhile, the BSE REALTY Index is at 1,345 (up 1.3%).

Among the top Gainers in the BSE REALTY Index today is ITD CEMENTATION INDIA (up 10.8%).

SOBHA LIMITED and OMAXE LTD are among the top losers today.

Over the last one year, ITD CEMENTATION INDIA has moved down from Rs 115 to Rs 38, registering a loss of Rs 78 (down 67.5%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.4%) during the last 12 months.

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%), ICICI BANK (up 3.8%) and BHARTI AIRTEL (up 3.1%). Other gainers include HUL (up 2.7%) and KOTAK MAHINDRA BANK (up 2.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include RELIANCE IND. (up 4.1%), ICICI BANK (up 3.8%) and DR. REDDYS LAB (up 3.7%). Other gainers include BHARTI AIRTEL (up 3.3%) and HUL (up 2.7%) 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 16.56%).



This article (ITD CEMENTATION INDIA Surges by 11%; BSE REALTY Index Up 1.3%) 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.