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Lockdown 3.0: Andhra Pradesh hikes liquor prices by 50 percent to discourage consumption

A day after reopening the liquor shops, Andhra Pradesh government on Tuesday increased alcohol prices by 50 per cent. The government said the move was aimed at discouraging liquor consumption. The shops had reopened on Monday with a hike of 25 per cent in liquor prices.

However, the hike failed to deter the tipplers, who gathered in large numbers at the shops across the state, flouting the social distancing norm to check the spread of COVID-19. As the scenes of long queues and chaos raised fears of further spike in the number of corona cases in the state and the government came under criticism for encouraging liquor sale during a pandemic, it hiked the prices by 50 per cent on Tuesday.

Officials said the new prices will come into force with immediate effect. However, shops will open only after the issue of formal orders and the new prices are updated online. There was utter confusion on Monday when the shops reopened for the first time after the lockdown began as the prices following 25 per cent hike were not updated online.

The government claimed that another 50 per cent hike has been taken as further step towards discouraging alcohol consumption. With the latest hike the prices have increased by 75 per cent in two days. Officials said the latest decision was taken to discourage liquor consumption in view of the conditions that prevailed on Monday.

The YSR Congress Party (YSRCP) government said the number of liquor shops would be further reduced by 15 per cent by the end of this month. The YSRCP, which had promised total prohibition, started phase-wise implementation after coming to power in May last year.

As a first major step towards prohibition in October last year, the Jagan Mohan Reddy government took over the state. The state-owned Andhra Pradesh Beverages Corporation Limited (APBCL) took control of the liquor shops from private contractors after reducing the number of outlets to 3,500 from 4,380 earlier.

In December, the government had claimed that as a result of its steps the liquor consumption came down in the state.e retail liquor business and increased the price to discourage consumption.

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#BoysLockerRoom: Cops question student; 22 others go underground

Soon after the Delhi police started questioning a prominent South Delhi school student in connection with the Boys Locker Room controversy investigation, 22 others linked to the mess went underground on Tuesday.

The Cyber Cell of the Delhi police earlier detained one teenager in connection with the Instagram chat group where rapes were glorified and photos of underage girls were shared and they were objectified.

The one who has been nabbed so far is a 15-year-old student of a prominent school in South Delhi. "Twenty-two other boys have also been identified and they would be called for investigation," the police said on Tuesday. The detained accused would be produced before the Juvenile Justice Board (JJB).

Based on the information provided by the minor during questioning, police teams have been sent to various parts of the National Capital Region. After the police registered the case, many students in the group have gone underground.

Leaked screenshots of the private Instagram chat group stirred up a storm over rape culture in India after numerous boys were allegedly seen sharing photos of underage girls, objectifying them, and planning "gang rapes".

A case was registered under Section 465 (forgery), 471 (using forged document), 469 (forgery for purpose of harming reputation), 509 (intending to insult the modesty of any woman) of the IPC and 67 and 67A of the Information Technology (IT) Act at cyber cell of the Delhi police.

Earlier on Monday, the police received a complaint from the principal of a prominent school in South Delhi's Saket at the Saket police station requesting for a probe into the matter, the same was forwarded to the Cyber Cell thereof. Apart from this, another complaint was filed at a police station in North Delhi by a parent in connection with this Instagram group.

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COVID-19: Token system introduced for purchase of liquor in Pune

Token system has been introduced for the purchase of alcohol from liquor stores in Pune, said Divisional Commissioner Deepak Mhaisekar on Tuesday. He said there will be an implementation of a token system at these stores and without a token, no liquor can be purchased.

On Tuesday, Pune Police registered cases against nine liquor stores for not following the COVID-19 health guidelines.

The move comes as liquor stores witnessed huge rush across the country after the relaxation of lockdown norms by several state governments over the past few days.

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Coronavirus outbreak: Punjab Excise Dept issues new guidelines for home delivery of liquor

The Excise Department of Punjab on Tuesday released new guidelines for home delivery of liquor in a bid to ensure that social distancing norms are not violated amid curfew and COVID-19 lockdown. Now, only two people in a group with an official pass are allowed to make home delivery of liquor.

One household will not receive more than two litres of booze. The delivery person is restricted to visit in the vehicle authorised by the department. Moreover, social distancing norms should be followed at liquor shops and not more than five people are allowed to gather outside the shops.

Proper sanitisation will be done at liquor stores, which are allowed to open only if relaxation is given by the district administration in their area.

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Coronavirus outbreak: Online booking, home delivery of liquor to begin in West Bengal amid lockdown

To avoid crowding and minimise footfall at liquor stores, the West Bengal State Beverages Corporation (WBSBCL) has launched an eRetail portal for online booking and home delivery.

According to the website of the WBSBCL, any person, who is older or of 21 years of age, can register as a buyer on the portal for getting home delivery of liquor. "For ensuring social distancing and minimising footfall at retail outlets, WBSBCL has launched eRetail for online booking and home delivery of liquor," notification on the website read.

The interested persons can fill in their details, full name, mobile number, address, email, among others to register as a buyer and get liquor delivered at their doorsteps. Prior to this, the Chhattisgarh and Punjab governments too had allowed home delivery of liquor in their respective states with certain conditions.

Liquor stores around the country have been allowed to reopen by the Centre during phase three of the coronavirus-induced lockdown. Long queues, with people flouting social distancing norms, were seen on liquor stores around the country as enthusiasts lined up to get their hands on their favourite drink.

With people at these outlets failing to follow social distancing norms, apprehensions were expressed regarding the spread of COVID-19.

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Supreme court: States could consider online sale or home delivery of liquor

The Supreme Court on Friday observed that the state governments should consider online sale or home delivery of liquor during the nationwide lockdown that's in place to fight the coronavirus pandemic. The remarks came from a bench comprising Justices Ashok Bhushan, Sanjay Kishan Kaul and B.R. Gavai during the hearing of a PIL through video conferencing. The PIL complained of indiscriminate flouting of all social distancing norms at the liquor vends after they were reopned on May 4.

The top court observed that it is not feasible to pass orders on the PIL filed under Article 32 and instead asked the state governments to consider selling liquor through other viable options, keeping in place social distancing norms. The court said, "We will not pass any order. States should consider indirect sale or home delivery of liquor to maintain social distancing." Advocate Sai Deepak, representing the petitioner, submitted that the opening of liquor shops should not meddle with the lives of the common people.

The petition under Article 32 of the Constitution sought direction from the apex court to the Centre in order to declare the new Covid-19 guidelines issued by the Union of India, which permit the sale of liquors at liquor vends through direct contact sales during the lockdown period "as unconstitutional, null and void". The petition argued that prohibition of sale of liquor for human consumption at liquor vends through direct contact sales during the lockdown period would eventually contribute to containing the spread of Covid-19 in India, until the National Disaster Management Authority or the Centre declares India to be Covid-19 free.

Serpentine queues were reported across Delhi and many other parts of the country after the liquor vends opened in the third phase of the lockdown. At many liquor vends in Delhi-NCR, people disregarded social distancing norms while queuing up to purchase liquor.

Liquor shops had been shut down across India after the nationwide lockdown was announced on March 24 midnight. They reopened on May 4.

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James Gunn: No plans to push 'Guardians of the Galaxy 3,' 'The Suicide Squad' release dates

Filmmaker James Gunn recently revealed that neither of his upcoming movie -- 'Guardians of the Galaxy, Vol 3 nor 'The Suicide Squad' will be affected by delays due to the coronavirus crisis.

One of the director's fans in a question-answer session on the Twitter asked about the possibilities of pushing ahead 'Guardians of the Galaxy' vol 3, to which Gunn on Sunday replied: "Right now the plans with Vol 3 are also exactly the same as they were before coronavirus."

In another reply, the 53-year-old said: "Right now there's no reason for #TheSuicideSquad release date to move. We are on or ahead of schedule. We were extremely fortunate to wrap shooting & set up editing from our homes (due to a post-production team & studio with foresight) before quarantine."

The upcoming movie is a sequel to the original 2016 released 'Suicide Squad.'

Actors Margot Robbie, Joel Kinnaman, and Viola Davis will reprise their roles in the film alongside new cast members Taika Waititi, Peter Capaldi, Idris Elba, John Cena, Storm Reid, Pete Davidson, David Dastmalchian and Daniela Melchior.

The original 'Suicide Squad' was a box office success, grossing USD 746.8 million worldwide. The upcoming fantasy-action is expected to hit theatres on August 6, 2021.

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Chris Noth shocks fans by shaving his head amid quarantine

American actor Chris Noth has made a drastic change during his coronavirus quarantine. The 65-year-old actor, on Monday took to Instagram to showcase his new look.

The 'Cast Away' star shared a picture of himself and captioned the post as, "I decided dealing with hair was superfluous during these times of quarantine."

 
 
 
View this post on Instagram

I decided dealing with hair was superfluous during these times of quarantine-

A post shared by Chris Noth (@chrisnothofficial) onApr 20, 2020 at 12:49pm PDT

The fans were quick to compliment North on this new look.

One fan wrote in the comments section, "Omg, But looking good.

Another one wrote," It suits you!"

"Go off king," another follower wrote.

However, there were a few fans who didn't seem to love his new look, and wrote things like, "Noooooo," and "you look very different" in the comments.

Earlier this month, the 'Elsa and Fred' star shared a video message on Instagram, encouraging his fans to maintain social distancing.

The former 'Sex and the City ' star said in the video, "On behalf of the NYPD, I'd like to ask you to remember, as New Yorkers, we have to social distance, we have to stay inside until all of this passes. We can do it. We're tough, we're resilient and we have the best darn police force in the country."

"I'm not a cop, but I played one on TV. Stay safe, stay healthy, see you on the other side," he added.




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Elizabeth Hurley shares picture in bikini top, denim shorts during quarantine: 'Spring has sprung'

It seems like English actor and businesswoman Elizabeth Hurley is taking some time to soak up the nice weather amid self-isolation. The 54-year-old British model took to Instagram on Friday to share a photo of herself. She was seen rocking a hot pink bikini top featuring gold chain detailing from her swimsuit line paired with denim shorts while she stood outside, raising her arms in the air.

 
 
 
View this post on Instagram

Spring has sprung #stayhome 😘

A post shared by Elizabeth Hurley (@elizabethhurley1) onApr 24, 2020 at 12:11pm PDT

Hurley captioned the picture as, "Spring has sprung #stayhome," reminding her social media followers to continue to social distance amid the COVID-19 pandemic.

She has been quarantined in her Herefordshire country home alongside eight other family members, including her 18-year-old son Damian and widowed mother Angela.

Earlier this month, the star opened up about what it was like living with her relatives, comparing it to a '70s series 'The Waltons". It followed a family in rural Virginia during the Great Depression.

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Tom Cruise's Mission: Impossible sequels get new release dates

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 Paramount pictures due to COVID-19 crisis. The seventh sequel of the franchise was initially set to hit the theatres on July 23 this year which will now debut on November 19, 2021.

Meanwhile, 'Mission: Impossible 8,' originally due in theatres on August 5, 2022, will hit the big screens on November 4, 2022, reported Variety.

The shoot of the 'Mission: Impossible 7' was put to a pause as a precautionary measure to combat the spread of the coronavirus.

The 57-year-old actor had been about to start filming in Venice, Italy, when the studio pumped the breaks in late February.

Having Christopher McQuarrie at the helm, the upcoming sequel will have the Cruise returning as the seemingly indestructible secret agent Ethan Hunt.

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

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

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

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

 
 
 
View this post on Instagram

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

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

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

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Minister cheats trader of Rs 1.9 crore for issuing liquor permit

After repeated attempts to convince the Aurangabad police to register a case against Maharashtra Social Justice Minister Dilip Kamble for his alleged involvement in a cheating case of Rs 1.92 crore failed, a businessman approached the judicial magistrate first class court to get the work done. According to victim Vilas Dadarao Chavan, the minister cheated him of the amount on the pretext of issuing a liquor licence and permit.

According to sources, the incident came to light when Chavan approached the police to file a complaint. As the cops did not take his grievance seriously, he approached the court and registered a private case. On Tuesday, the Aurangabad court directed the police to register an FIR at CIDCO police station against Kamble and three others under sections 420, 406, 120B and 34 of IPC.

Chavan said, "A relative of Kamble had promised to help me get the licence for selling liquor in Aurangabad. The first time we met at a hotel in Pune, he introduced me to the minister and said that I would have to pay Rs 2.15 crore for transferring my Mumbai sale licence. I had given him Rs 1.92 lakh in advance." He further said, "Neither did I get the licence, nor my money back.

I had approached the Aurangabad police, but they did not take my case seriously. Then I approached the court." Aurangabad CP Chiranjeev Prasad said, "We have registered a case based on the court order. The matter is being investigated."

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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Pune: Trekking rescuers called in to save cow in quarry

A Pune-based group that rescues trekkers or retrieves bodies of people who have died in trekking accidents, were in for a surprise when they were called to rescue a cow. On March 31, the NGO Shivdurg Mitra, Lonavala, received a call on its helpline, saying a cow had fallen into a 12-feet deep stone quarry near Vaksai chawl close to the Mumbai-Pune Expressway, near Lonavala. Its calf was roaming in the area calling for its mother.


The rescued cow with her calf

Also Read: Five stray cows die of cold in Uttar Pradesh

Speaking to mid-day, Sunil Gaikwad from Shivdurg Mitra, Lonavala, said, "Our team member, Ajay Shelar, received the call. We immediately rushed to the spot to rescue the cow."

The rescue team first checked if there were any injuries on the cow's body, but were happy to not find any. "Rescuing a small animal like a dog or cat is an easy job. But, a cow, which on average, weighs more than 500 kg, is not an easy task. Four of our volunteers, Pranay Ambure, Sagar Kumbhar, Vikas Mavkar and Anil Andre went into the quarry. They tied ropes around the cow, and the team stationed above pulled her out of the quarry while those inside helped push her out," added Gaikwad.

The members told mid-day that as soon as the cow was brought out, the calf that was desperately waiting for the mother, rushed towards her. The operation took around two hours. NGO members said the cow and calf walked away after the ordeal.

Also Read: Embrace the trekker in you while on a secret trail in the Sahyadris

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46 held for illegal sale of liquor during lockdown

As many as 102 cases of illegal sale of liquor amidst the national Coronavirus lockdown were registered across Maharashtra on Sunday and 46 people arrested, an Excise department official said.'

The department has seized eight vehicles and liquor worth R16.34 lakh during raids, he said. "The excise department has been receiving several complaints of violation of the lockdown rules by selling of liquor. Acting on tip-offs, raids were conducted," he said.

A total of 46 people were arrested and 102 cases for illegal production, transport and sale of the country liquor registered, taking the total number of such cases to 2,383 so far. "So far, 937 arrests have been made and 115 vehicles seized. The seized liquor and other items have the collective market value of R5.71 crore," he said.

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

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

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

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

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

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Bhumi Pednekar - "How I represent women on screen is very important"

Bhumi Pednekar is one of the most exciting young actors of our generation. The young actress in her first few years of journey in Bollywood has already given audiences some really strong and brilliant female protagonists in films like Dum Laga Ke Haisha, Toilet, Shubh Mangal Saavdhaan, Bala, Saand Ki Aankh, Son Chiriya, among others.

“For me, how I represent women on screen is very important. Cinema has the power to influence people and I do feel that through our portrayal of women, we can push the messaging of equality, of independence. I have looked out for such characters and play them with all my heart of screen. I have been fortunate to have got these characters that have made a mark and stood out,” says Bhumi.

The talented actress will be soon seen as a leading lady in the Akshay Kumar presentation Durgavati and award-winning director Alankrita Srivastava’s Dolly Kitty Aur Woh Chamakte Sitaare.

“I thank my visionary filmmakers who chose to tell stories of these magnificent women to the people of my country. It has been an honour to be a part of their cinema and bring such courageous, fantastic, confident women on screen,” she says.

Bhumi intends people to realise how equality is yet to be achieved in society through cinema. “My journey in cinema has just begun. I will continue to strive to find more such women whose stories I want to tell on screen. I feel when people see such women and their lives, their struggles, their pain, their dreams, their victories, there can be a shift in perspective. It might help us to further understand how far we are from achieving equality and how much women can contribute in making our country and our society stronger,” she says.

ALSO READ: Bhumi Pednekar to speak to nutritionist and share health tips to tackle emotional eating during coronavirus




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“Nothing will change the theatrical business,” says Anubhav Sinha giving an example of the liquor shop chaos

When India started seeing a spike in coronavirus cases in March, the theatres were the first to shut shop in the country and will probably be the last to open as well. This uncertainty over theatres functioning like before has led to several producers considering to release their films directly on OTT platforms skipping the theatrical release. OTT platforms are taking full advantage of this situation and are said to be offering large sums of money to filmmakers.

The boost in OTT platforms has several doubting the fate of theatrical businesses in the future. On Friday, filmmaker Anubhav Sinha who has made films like Article 15 and Thappad took to Twitter and said that nothing will change with the theatrical business and even compared it to the recent chaos outside liquor shops. "Nothing will change the theatrical business in India. NOTHING!!! Here the big blockbusters are not only about the film. It is an event. It is a community event. It won’t change. I hope you saw the liquor shop queues," he wrote.


Meanwhile, it is being reported that this year's Eid releases- Radhe and Laxmmi Bomb might be looking for a direct to OTT release. Makers of Akshay Kumar starrer Laxmmi Bomb are currently in talks to release the film in June on Hotstar. However, the makers are yet to make an official announcement regarding the same. On the other hand, the makers of Radhe-Your Most Wanted Bhai will take a decision after they complete post-production.

ALSO READ: Laxmmi Bomb to get a direct to OTT release on Disney+Hotstar in June




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Jacqueline Fernandez looks like a breath of fresh air in these inside pictures from Harper’s Bazaar magazine

Jacqueline Fernandez’s latest cover for a leading magazine was flawless as ever but these inside images tell us, how we must reconnect with nature. What better inspiration than the actress, herself!

In the first one, we see Jacqueline playing a guitar and playing with a little goat. Jacqueline is seen wearing a beautiful dark ocean blue blazer with a bralette and a skirt. The magazine on their social media says, "Amidst news of the lockdown extension, we asked Jacqueline Fernandez to create images that would celebrate just some of the things that are bringing us joy right now—beautiful imagery, nature, and the hope of a better future. The actor is quarantined out on a Panvel farmhouse and is also currently promoting her new Netflix movie Mrs Serial Killer. She styled and did her own hair and makeup for this dreamy digital cover story. Watch this space to see more images created exclusively for Bazaar."

The second one is the one where we're searching for sunnier times. Jacqueline looks stunning in the beige skirt and a white single shouldered top with soft summery glowy dewy makeup. The magazine shares on their social media and says, "Dreaming of sunnier times and the great outdoors with cover star Jacqueline Fernandez".

 

View this post on Instagram

 

A post shared by Harper's Bazaar, India (@bazaarindia) on

 

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A post shared by Harper's Bazaar, India (@bazaarindia) on

 

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A post shared by Harper's Bazaar, India (@bazaarindia) on

The last look of Jacqueline with wavy hair and the blazer with sunshine on her hair enhancing the looks. The last one is a perfect picture for how we are all feeling during the quarantine, the magazine writes, "Our April/May 2020 digital issue cover star Jacqueline Fernandez shared a glimpse of what life looks like for her right now in quarantine. The actor is grateful to be quarantined out on a Panvel farmhouse where she is, “reconnecting with nature”. She says she is, "doing everything that I can to help those in need from here and praying for strength and health to each one in this world during these tough times."

It’s amazing to see how we can totally relate to these images and mood as we are feeling it totally. Everyone is searching for hope, sunnier and happier times. Everyone is reconnecting with nature in their own way. Jacqueline is also one of those actress who wins hearts not just on magazine covers but also on-screen each time. Her recently released Mrs. Serial Killer has won hearts and the perfect portrayal of a dark character has just proved her versatility as an actress one more time.

Also Read: VIDEO: Salman Khan, Jacqueline Fernandez, Iulia Vantur send out bags of ration to the needy




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Anil Kapoor and Sunita Kapoor engage in quarantine games with a fun round of carrom

Anil Kapoor and Sunita Kapoor seem to be enjoying the lockdown with indoor games and he makes sure to get as much exercise in as possible. Being a fitness enthusiast, he makes sure to get his daily dose of workout in even during leisure hours. With nothing much to do during the lockdown, he engaged in a fun round of carrom with his wife, Sunita Kapoor.

Anil Kapoor took to his Instagram to share a couple of pictures where Sunita and Rhea Kapoor candidly capture the moments. Anil, Sunita, Rhea, and Harshwardhan Kapoor are at their house in Mumbai while Sonam Kapoor Ahuja and Anand Ahuja are in Delhi. Take a look at the pictures that Anil Kapoor posted.

On the work front, Anil Kapoor will next be seen in Karan Johar’s multi-starrer magnum opus, Takht.

Also Read: Disha Patani, Anil Kapoor, Aditya Roy Kapur, Kunal Kemmu are all smiles during their virtual reunion!




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"Hang in there"- says Ranveer Singh, as he sends fans love and good vibes during the lockdown

With the ongoing pandemic, our lives have almost come to a stand-still, and the lock-down is taking a toll on the mental health of many of us. At such a time of crisis, one can only try to keep the optimism alive and not let the situation get the best of them. Actor, Ranveer Singh, in a recent Instagram live session, appealed fans to do the same.

“It’s been a very difficult couple of weeks, emotionally difficult. Turbulent times with everything that is going on in the world. To all my friends & fans stay safe, hang in there, stay healthy. Sending you love, positive vibes & good energy. I’m always an optimist, I like to look at the bright side of things. I always like to stay positive in any situation that life throws up. To be honest, this is unprecedented. We all are in this together and I believe that on the other side of this we’ll come out with more compassion,” he said.


Ranveer and wife Deepika Padukone, at home, are keeping themselves occupied with workouts and household chores as they also keep sharing glimpses of their locked-down life. Post lockdown, they both await the release of Kabir Khan's sports drama '83.




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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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Cristiano Ronaldo and Portugal squad give amateur clubs financial boost

Cristiano Ronaldo and his Portugal teammates have donated half of their bonus for qualifying for the Euro 2020 finals to help amateur football in the country that has been hit by the coronavirus shutdown. The Portuguese football federation said on Monday the money would go towards a fund that it hopes will reach 4.7 million euros ($5.1 million) to help amateur clubs survive the crisis.

The federation last week decided to end the already-suspended amateur season with immediate effect, declaring the season null and void without champions, promotion or relegation. No decision has been taken on resuming professional football but the president of the Portuguese league said in late March he was determined the season should be completed.

"It is fundamental that the championships end because it would allow some sort of normality to be restored and we could prepare for next season knowing who has qualified for international competitions, who the champions are and who is relegated," Pedro Proenca said. Portugal shocked host nation France to win Euro 2016 but Ronaldo and his teammates will have to wait another year to defend their title as Euro 2020 has been postponed by 12 months because of the coronavirus pandemic.

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

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

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




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Diego Maradona prays for "Hand of God" to heal world from COVID-19 pandemic

Argentine football legend Diego Maradona has asked the "Hand of God" to deliver the world from COVID-19 pandemic and allow normal life to resume. The World Cup winner referred to his hand-assisted goal in the 1986 World Cup after Argentine football chiefs voted to end the current season as well as suspend relegation, saving Diego-managed bottom club Gimnasia from the drop.

"Today this happened to us and many people say it is a new Hand of God," said Diego, alluding to his infamous goal against England. "But today I'm asking for that hand to end this pandemic so people can go back to living their lives, healthy and happy." Then-Argentine captain Diego responded to the controversy over his goal at the World Cup in Mexico by saying "it was the Hand of God!"

Argentina went on to beat England 2-1 in the quarter-final. On being thrown a lifeline by the suspension of the season, he told Argentine daily Clarin: "It's not the ending we had wanted, we were convinced we could save ourselves on the pitch."

Argentina has been in lockdown since March 20 against the Coronavirus, which by early Wednesday had infected 4,114 people with 207 deaths.

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

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

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




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Perrie Edwards enjoying quality time with footballer beau Alex Oxlade-Chamberlain amid lockdown

Brit singer Perrie Edwards, 26, is enjoying every moment alongside her footballer boyfriend Alex Oxlade-Chamberlain, 26, during this Coronavirus-caused lockdown in the
United Kingdom.

"I feel like I'm really enjoying this [lockdown], I can't lie. I'm having the time of my life. I've never spent so much time with my boyfriend. I've never spent so much time in my house," Perrie, who is part of the British all-girl group Little Mix, told Los Angeles radio station KII-FM.

"It's like I've never had just so much time on my hands to do stuff that I've always wanted to, so it has been nice," added Perrie, who began dating the Liverpool star in 2016.

The couple have been regularly uploading pictures and videos, dancing together on social media, while Perrie has even performed a few songs.

Meanwhile, Alex too has been enjoying all the attention and recently said that Perrie is the "perfect wifey."

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

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




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COVID-19 positive Paulo Dybala singing, dancing with girlfriend Oriana in quarantine

Argentine footballer Paulo Dybala has tested positive for Coronavirus for the fourth time recently. His pop-star girlfriend Oriana Sabatini has also contracted the virus.

However, the couple have continued to keep their spirits high despite the setback. The Argentine pair have been constantly posting pictures and videos on social media to keep themselves and their fans entertained.

In one such post, the Juventus star and Oriana are seen honing their PlayStation skills.
In another video, the Argentine football star is seen working out in his home gym and simultaneously joining in a TikTok dance routine with Oriana.

In yet another video, Paulo is playing the piano while Oriana is singing. Some of Paulo's football pals like Douglas Costa, Claudio Marchisio and Nicolas Tagliafico have been impressed with his musical ability and even commented on the video.

Paulo and Oriana, the niece of Argentine tennis legend Gabriela Sabatini, first met in 2017 but announced their relationship only after the 2018 FIFA World Cup in Russia.

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

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




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Xavi Hernandez believes Lionel Messi can play in Qatar 2022 World Cup

Former Barcelona player Xavi Hernandez is certain of ex-teammate Lionel Messi featuring in the FIFA World Cup Qatar 2022 as he said that the Argentine has still got "five or seven very good years left in him".

"He's still got five or seven very good years left in him," Goal.com quoted Xavi as saying during an Instagram chat with another ex-Barca forward, Samuel Eto'o.

"He takes good care of himself and he can keep playing until he's 37, 38 or 39. He'll play at the Qatar World Cup, I'm sure," he added.

The 32-year-old Messi scored 24 goals this season in all competitions before coronavirus pandemic brought the football season to a standstill.

Xavi also expressed his desire to manage Barcelona saying that it is his dream to coach the club.

"In January, it wasn't the right moment. I had conversations with Eric Abidal [Barcelona's sporting director] and Oscar Grau [Barcelona chief executive] and a big offer, but it wasn't the right moment. I need a bit more experience. Coaching Barcelona is my dream. I'd like to do it one day. I've said that many times," he said.

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

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

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




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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!

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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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HDFC Mid-cap Opportunities Fund: Focusing on Growth through Quality

Posted by Equitymaster
      

Despite the rally we recently witnessed, the market mood continues to be sombre due to the pandemic crisis. FPI outflows from the Indian market persisted in the current month as well, while the recent fiasco at a popular fund house also dented investor sentiments.

It is difficult to predict how this situation will unravel eventually. Though the pandemic has impacted both large and smaller sized companies, small and mid sized companies could be the most affected.

However, quality names even in these segments could perform well over the long run. Therefore, you should stick to only quality names across different market capitalisation and invest via a well managed mutual fund that focuses on growth through diversification.

HDFC Mid-cap Opportunities Fund (HMOF) is one such mid cap fund that looks to invest in mid cap stocks with sound financial strength and reasonable growth prospects.

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

Graph 1: Growth of Rs 10,000 if invested in HDFC Mid-cap Opportunities Fund 5 years ago

One of the most popular funds in the midcap category, HMOF's asset size is the largest as compared to its peers. However, HMOF has shown no constrain when it comes to delivering superior performance. The fund has a track record of generating above-average returns across market conditions. Over the last 5 years, HMOF has generated returns at 4.5% CAGR as compared to 1.9% CAGR generated by its benchmark Nifty Midcap 100 - TRI, thus generating an alpha of around 2.5 percentage points CAGR. The fund has made well use of diversification to mitigate downside risk and generate decent lead over the benchmark index.

Table: HDFC Mid-cap Opportunities Fund's performance vis-a-vis category peers
Scheme Name 1-year (%) 3-year (%) 5-year (%) Std Dev Sharpe
Axis Midcap Fund -1.59 8.24 9.09 12.99 0.22
Invesco India Midcap Fund -11.6 0.54 6.89 15.17 0.12
DSP Midcap Fund -9.17 -0.78 8.39 14.62 0.06
Tata Mid Cap Growth Fund -13.59 -1.52 4.96 16.54 0.07
L&T Midcap Fund -17.37 -3.38 6.85 15.37 0.05
HDFC Mid-Cap Opportunities Fund -21.36 -5.32 4.54 15.11 0.01
ICICI Pru Midcap Fund -27.16 -7.35 1.86 14.72 -0.02
Sundaram Midcap Fund -23.59 -8.71 2.77 15.52 -0.03
Category Average -15.71 -3.5 4.38 14.62 0.05
Benchmark -25.38 -9.34 1.92 18.1 -0.03
Returns are point to point and in %, calculated using Direct Plan - Growth option. Those depicted over 1-Yr are compounded annualised.
Data as on April 28, 2020
(Source: ACE MF, PersonalFN Research)

*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.

Though HMOF has trailed some of the other popular peers in the mid cap category, it stands strong in the list of mid cap funds. The fund has constantly outperformed the benchmark by a noticeable margin across time periods.

Some of the other top performers in the category are Axis Midcap Fund, Invesco India Midcap Fund, and DSP Midcap Fund.

The fund has not only demonstrated its ability to generate superior returns for its long term investors, but has been reasonable when it comes to managing volatility and curtailing down-side risks. In terms of risk-adjusted returns, HMOF has outperformed its benchmark by a significant margin and also stays ahead of most of its peers.

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

Investment strategy of HDFC Mid-cap Opportunities Fund

Categorized as midcap fund, HMOF is mandated to invest minimum 65% of its assets in equity and equity related instruments of mid cap companies. Accordingly, HMOF invests in stocks of predominantly mid-sized companies, which have reasonable growth prospects at acceptable valuations. The fund also holds significant exposure in smallcaps along with moderate exposure in large caps as well as cash and debt.

It follows the bottom-up approach to identify high quality businesses for the long term. The stocks are bought primarily for the strengths of company fundamentals rather than the strength of the macro-economic indicators.

The fund manager resists from following market momentum and holds each of his high conviction stock for the long term.

Graph 2: Top portfolio holdings in HDFC Mid-cap Opportunities Fund

As on March 31, 2020,HMOF held 75 stocks in its portfolio, with no individual stock having exposure of more than 5%.Popular mid cap names like Aarti Industries, Balkrishna Industries, Trent, Ipca Laboratories, and Voltas, etc. appeared in its top portfolio holdings. The top 10 stocks constitute close to 32% of its assets.

The fund's portfolio is primarily skewed towards Banking and Finance sectors which together constitute around 17% of the portfolio. Auto ancillaries, Pharma, Chemicals, and Industrial Products are the other prominent sectors with allocation of around 9-11% each.

Suitability

HMOF's performance over longer time periods has been commendable, where it has generated decent long-term returns for its investors as compared to the benchmark, though it has lagged behind some of its peers. Its focus on timely realization of growth potential of stocks at fair valuation can help it generate strong returns while also minimize the downside risk. However, its aggressive mandate makes it prone to high volatility. This makes HMOF suitable for investors with high risk appetite and a long term investment horizon.

Editor's note: The last few years have not been among the best for equity mutual funds. While most funds have underperformed or are struggling to match the returns of the benchmark, there are few funds that have the potential to constantly generate alpha for its investors. And we have identified five such high alpha generating funds, in our latest report 'The Alpha Funds Report 2020'. Do not miss our latest research finding. Get your access to this exclusive report, right here!

Note: This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Author: Divya Grover

This article first appeared on PersonalFN here.

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



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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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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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!

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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Mumbai: Quick getaways to try over Republic Day weekend

Luxury Sail away
Few things in life (in our books at least) are as fancy as sitting on a sailing boat, heading out into the sea, and watching the sun go down. It reminds us of James Bond movies, where the hero, dressed in his trademark tuxedo, is serenading some woman or the other. So, if you too want to feel as glamorous, take a trip from off the Gateway of India into the Arabian Sea. Sail past lighthouses from a bygone era and catch some of the city’s most iconic landmarks. And if you’re lucky, you might also spot some dolphins frolicking around in the water.
On: January 27 and 28
Starting point:Gateway of India, Colaba
Call: 9930086252
Cost: Rs 1,899

Adventure
Flag off the weekend
This one’s a true-blue Republic Day event, complete with a flag-hoisting ceremony. It will take some effort to pull off, though, since the flag will be hoisted on the top of Mount Kalsubai, which is the highest peak in Maharashtra, towering over the other hills in the range at a height of 5,400 feet. Small steps built into the incline do make the climb easier than it would have been otherwise. But nevertheless, it’s one thing sitting on a sailing boat and heading out into the sea, and another to make your way to the top of a bona fide mountain, steps or no steps.
From: January 25 to 26
Starting point: Pritam Hotel, Dadar West
Log on to: eventshigh.com
Cost: Rs 1,000

Wild escape
Sea it to believe it
The sea off the Konkan coastline houses a number of different types of fish, such as barracudas and groupers. Learn what it’s like to occupy their habitat with a scuba-diving course for beginners, meant even for those who don’t know how to swim. A professional diver will accompany you as you travel down to the depths of the Arabian Sea, where you can experience coral reefs and sealife from close quarters. The event also includes treks to the nearby Sindhudurg and Vijaydurg forts, apart from vegetarian food from the region.
On: January 25 to 28
Starting point: Pritam Hotel, Dadar West
Log on to: insider.in
Cost: Rs 4,500

Heritage
Go back in time
The Fort area is one of the city’s oldest neighbourhoods. The fort itself was built in as far back as 1715 by the British, to ward off invading Marathas. But then its walls were brought down around 1862, which suddenly changed everything. A small English settlement grew into a mercantile hub. Indo-Saracenic, Gothic and neoclassical structures came up to give the area its unique architectural blend of styles. Gradually, it became the bustling precinct that it looks like in the modern era. Take an open-air bus ride around Fort to find out more about the precinct’s heritage, and learn how British India’s “first city” evolved over the years.
On: January 26, 7 am to 9 am
Starting point: Chhatrapati Shivaji Maharaj Vastu Sangrahalaya, MG Road, Fort
Call: 9930086252
Cost: Rs 1,499

Leisure
Spend a night with the stars
We’ve all watched movies in a closed theatre. But here’s a chance to watch one under the stars, at a camping site just off Gorai beach. The selected film is Wes Anderson’s The Darjeeling Limited, one of the most poignant portrayals of life in India through a foreigner’s eyes. If, however, music floats your boat more than movies, there will also be an indie gig that precedes the screenings, featuring upcoming artiste Bryan Rodrigues. Plus, since it’s a camping event, expect bonfires, long walks and, of course, a barbecue (for what is a great camping experience without one?).
On: January 25 to 26
At: Chowk Dongri, Bhayandar West, near Pali Beach Resort, Uttan
Log on to: insider.in
Cost: Rs 2,200

Fun Ride a new wave
Surfing has always looked like something we’d like to try our hand at (or should that be feet?). The idea of riding a wave before it crashes on the beach does seem like fun. But while we haven’t taken the initiative yet, you can seize the opportunity to get a beginner’s lesson in the sport. The organisers are inviting people of all ages to try out surfing for the first time. The three-day event also includes camping, bonfires, movie nights and games. So all in all, this weekend getaway has something for everyone.
On: January 26, 9 am to January 28, 3 pm
At: Manipal, Karnataka (nearest airport: Mangalore)
Call: 9833157583
Cost: Rs 10,500 (including sessions, food and stay for two nights)

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A showcase of finest boutique hotels to converge in Delhi


Representation pic

Scores of Indian and overseas tour operators, alongwith world travellers, will converge in New Delhi later this month to participate in an event showcasing boutique hotels, lodges, hideaways, camps and retreats in India, Nepal and Bhutan.

Brainchild of RARE India, the event, titled Très RARE, will host speakers on hospitality and related topics on the concept of experiential travel in the sub-continent.

With participation of more than 60 independent boutique hotels from India and its Himalayan neighbours Nepal and Bhutan, the event is expected to offer the first glimpse of game-changing hotel concepts, their new initiatives, and showcase a unique selection of never-treaded-before destinations.

'The demand for boutique hotels is reflective of the realigned desires of a global traveller, who is weary of the standard-fare hotels that though comfortable are unimaginatively identical around various destinations. These boutique hotels inspired us at RARE to break away from the traditional and create an intimate showcase that focuses on the niche rather than the mass and mainstream,' said Sowmya R Vijaymohan, the brain behind RARE India and Très RARE.

Select 100 Indian Destination Management Companies and 50 Foreign Operators from UK, US, France, Germany and Italy will focus on intensive one-on-one engagement,
knowledge building and innovations.

Shoba Mohan, the co-founder of RARE India and the event, said, "Boutique and experiential hotels are now a mainstay in the Indian travel industry, and there was a tangible requirement for a platform that is dedicated and designed to showcase their uniqueness." The event will be held on March 30 and 31 at the Roseate Resort.

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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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This photographer is requesting strangers in Mumbai to smile for ongoing project

On a Wednesday morning, the cottages that line St Roques Road in Bandra bask in the winter sun. The lane is quiet, except for the occasional bark of a pet or scooters zooming off into the nearby Ranwar village. As a taxi driver wipes the dust off his kaali peeli, Jay Weinstein approaches him with a camera in tow. He doesn't ask for his name, ethnicity or life story; only for a couple of photographs. Seeing him puzzled, the Australian-origin photographer breaks into crisp Hindi, "Main kahin bhi jaata hoon, anjaane logon ki tasveer banata hoon [Wherever I go, I make images of strangers]."

Hearing the familiar language, the driver is game to play the subject. First, he's asked to wipe the expression off his face and stand next to his cab. Satisfied with the shot, Weinstein tells him, "Ab muskuraiye [now smile]," and captures his wide grin on camera. The interaction lasts only for a few minutes but we spot the driver smiling even after Weinstein's DSLR is back in his bag.


Jay Weinstein documents  the smile of a taxi driver in Bandra. Pics/Bipin Kokate

This connection forms the essence of the 38-year-old's ongoing photography project, So I Asked Them to Smile (SIATS). Over the last two years, Weinstein has shared 250 portrait pairs - non-smiling and smiling frames of kids and adults from all walks of life - on digital platforms. Next week, he will display 30 most compelling frames for the first time at an exhibition.


The photographer shows the images he takes to each subject

The backstory
It was a trip to Bikaner in 2013 that gave birth to this project. When Weinstein raised the camera to photograph a man with a wispy beard, he was greeted with a stern look. Miffed, he turned away, only to hear the man urging him to take his picture. "We make judgments about strangers in binaries as friendly-unfriendly or good-bad. These are rarely accurate. The idea is to change the way we view a stranger, and see how their smile changes our assumptions," says the US-born photographer, who spent his growing up years in Vrindavan, studied recreational sports coaching in Australia and returned to Mumbai in 2004 to pursue acting.


"He was jumping around in the water with a friend one afternoon, as I wandered down Juhu Beach," says the photographer

Soon, he ventured into advertising, and rekindled his love for travel and photography. "It gave me a reason to notice things that we walk past, and start conversations with strangers," says Weinstein, who considers the art meditative. "The calmer you are, the more of the outside world you notice."


"She was exploring the stunningly restored Kaiyuan temple complex one evening, with her daughter in Quanzhou, Fujian, China"

Say cheese
For the last few years, he has turned a full-time traveller and spends most of his time in India. "I love Mumbai but when you step out, you realise how different the rest of India is," shares Weinstein, who has visited Meghalaya, the interiors of Maharashtra, Orchha in Madhya Pradesh and the coast of Kerala, where he found his subjects to be camera-shy. "In rural areas, I also had to translate 'smile' as 'daat dikhaao' since they don't understand the meaning of muskurana."

Language also poses a barrier in non-English speaking countries. "In China, instead of 'say cheese', they say 'chetz', which means eggplant," he laughs. What's the next country on his wishlist? "Pakistan. The project's initial followers were Pakistanis. I assumed they wouldn't be happy seeing these photographs but realised where else would they have seen images of Indians as humans, without an agenda. Indians don't get to see their photographs this way either."

From: December 20 to 26, 11 am to 7 pm
At: Jehangir Art Gallery, Kala Ghoda
Call: 8828472412

Go click-happy here
>> Homi Modi Street in Fort
>> Industrial estates in Lower Parel 
>> Village neighbourhoods like Chuim and Chimbai in Bandra West

Portrait-making tips
While there is enough information about how to get your technique right, I'd suggest you interact with your subjects and treat them with dignity

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Actor, ex-cricketer Saqib Saleem wants underprivileged children to learn cricket


Saqib Saleem swings the bat in a CCL Tournament

A love for cricket is common between Saqib Saleem and coach Rajeev Mehra, much like most Indian men. What sets them apart though, is how much they want to give back to the game. Saleem, who hails from Greater Kailash in Delhi, is poised to start a cricket academy in his hometown, that will cater exclusively to underprivileged children. The two have known each other since the time Saleem, a state-level cricketer, was playing for Delhi in a match against Mumbai, that Mehra was part of. "I remember Delhi won that game," laughs Mehra as we get the two chatting. "Saqib was very keen on the game, wanting to learn new things. His discipline during practise sessions was admirable." After Delhi, Saqib went on to play for Kashmir too. "I played for a year, after moving there. My mother is Kashmiri. However, as much as I loved the sport and was devoted to it, life clearly had other plans," the actor says.

While the two kept in touch, they only got the chance to meet again, four months ago. "I was toying with the idea of starting a cricket academy because I missed having to do something with the game. I was clear that I did not want to build an institution that would become one more of many. It's Rajeev who suggested we do something to help those in need." Mehra interjects, "I have worked with the less fortunate. I make it a point to have at least four of them in each training session. So, yes, it is familiar territory." It was Mehra's approach to the game, that convinced Saleem about the collaboration. "I needed someone who had a connect with the children. And Rajeev was perfect."


Coach Rajeev Mehra at his training academy in Mumbai

Making cricket, that is largely seen as an elite sport, accessible to those deprived of opportunities could be a task. But Mehra doesn't want to complicate things. "Ultimately, it's about helping the kids play. Give them the space, the equipment, the push." It is the uber glamorisation of the game that has turned it into an occupation of the elite, opines Mehra. "Cricket has always been India's top sport, but the way it has been commercialised, is affecting the talent pool. Coaches are demanding crazy amounts — currently the price of one personalised session in Mumbai can go up to Rs 2,000 — and parents are willing to pay. I don't remember receiving formal training. Most of us have learnt the sport by playing with friends who were equally serious about it." The 30-year-old coach who runs his own academy in Mumbai, often attends inter-school matches where municipal schools participate, to spot talent. "The lower strata is a goldmine of talent."

Saleem shares a slightly different view. It is not the sport that is elite, he argues, but that access is tough. "Today, a decent cricket bat costs Rs 20,000. So, even though we have abundant talent, not everyone can afford it. We want to find the gems who can't," he says, adding, "I spend a lot of time watching interviews of veteran cricketers. I remember one of Imran Khan, who spoke of how he discovered Wasim Akram, then a young boy from a small city, and groomed him for the national side. And gave the world a cricketing legend. That is my inspiration."

Mehra is in the process of formulating a curriculum for the academy that will train no more than 40 kids aged seven to 18 at a time. "I want each kid to get adequate personal attention," Saleem says, ahead of travelling to Delhi next month for selection. "I think I was being selfish, I just wanted a chance to go back home and find more excuses to play the game," he laughs.





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New manual charts out route for LGBTQ community to navigate the legal framework


(Left to right) Vidhi Legal members Namrata Mukherjee, Nitika Khaitan and Nivedita Saksena. Pic/Ajay Gautam

The legal framework in India has often posed many a problem for members of the LGBTQ community. Some regulations are being changed, and certain implementations are underway. But, taking into account the slow pace of change, a new manual helps members of the queer community navigate the lacking legal regime, as it exists currently.

The manual deals with identity documents, violence, education, health and personal finances. It is the brainchild of Vidhi Centre for Legal Policy, a Delhi-based think-tank conducting legal research assisting the government to make better laws. Namrata Mukherjee, a core member of the team explains, "Legal change will only come slowly; meanwhile, it is important to spread awareness on how queer community can access its rights, working around the law that's already in place." Pallav Patankar, former director of programmes at Mumbai's The Humsafar Trust, India's oldest LGBTQ organisation, scrutinised the 112-page manual. While he's appreciative of the initiative, he outlined certain critical insights to us which we got Vidhi Legal to respond to.


Pallav Patankar. Pic/Pradeep Dhivar

Trans women having two PAN cards - male and female - which is illegal
"This is because of the (hitherto) missing option of transgender, on the PAN card application," says Nitika Khaitan, another core member. "As of three weeks ago, that option has been introduced. Now you can reapply with the gender of your choice."

The manual seems to be critical about the concept of Aadhaar...
"Aadhaar has been at the centre of controversy mainly due to privacy concerns. Because privacy is intrinsic to this community, it's important to flag this. We are in no way influencing the debate," says Mukherjee. The manual states clearly that Aadhaar does not require people to verify their gender. "You are supposed to be able to put the gender of your choice. The implementation of this, of course, depends on the concerned on-ground officer," she adds.

Discrimination in school addresses the transgender issue and not sexuality
"There's very little by way of government policies that addresses the issue of discrimination at the school level. While UGC guidelines for trans students are there, there is no such thing with regards to sexuality," says Khaitan. The manual is addressed entirely to those above 18 years of age. "Underage boys and girls often face problems related to violence, healthcare, emotional abuse and discrimination in educational institutions. This is one area where we have not been able to find a solution," she adds.

The listed steps while procuring a voter ID are not followed by officials
Mukherjee says, "We have heard several complaints related to this. One tactic could be to take a copy of the NALSA judgment (National Legal Services Authority vs Union of India) that recognises the fundamental and civil rights of transgender persons, and present your case to the officials on ground. Another option is to approach your local MP and get him to write a letter on your behalf which you can take to the electoral photo ID centre and then mark the gender of your choice. You must also carry the gazette notification that says you've changed your name and gender. But, the success of these tactics depends entirely on the attitude of on-ground officials."

The chapter on health is from an academic perspective on health, gender dysphoria and gender affirmative therapy. What is the legal connect with India?
"There isn't a connect. There is nothing in our legal framework that regulates gender dysphoria or gender therapy. Because the queer community always encounters discrimination or harassment when they approach healthcare service providers, we have outlined general remedies that would be available to them under medical negligence laws, HIV Act; specific provisions that address discrimination that not many know of," says Khaitan.

Some suggestions in the manual seem to apply only to the digitally literate
Mukherjee says, "We are cognisant of the fact that access is determined by class. The idea of the manual is to reach grassroot LGBTQ organisations that will be able to disseminate the manual more effectively. This could be a tool that they can hopefully rely on while trying to access justice. We are also getting the manual translated into five regional languages." Add to this, the first chapter on identity documents is being recorded as a Hindi podcast. "We hope to publish it on social media, so that people can easily access it on WhatsApp etc."

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Query from reserve members (SKB)

Can reserve members pls tell me how equitymaster has compensated them for Quant Alert?..




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Frequent Product Launches (Mohan Raghav)

It is becoming very common these days to get at least one mail per month from EM announcing some new service. Usually an existing service is broken up into pieces and offered as something new. EM is degrading itself into a MLM company. Equity research is ..




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So many questions unanswered: Kumar Sangakkara on Sri Lanka Easter bombing

Former Sri Lanka captain Kumar Sangakkara on Sunday said someone must answer to the questions which are still unanswered in regards to the Sri Lanka Easter bombing last year.

"A year on we all share the pain of the families grieving lives lost, we stand with you and for you. We remember. So many questions still unanswered, but answer them someone must," Sangakkara tweeted as people across the world celebrated Easter on Sunday.

Sri Lanka celebrated a quiet Easter Sunday amid the coronavirus lockdown, while remembering the victims of the terror attacks that killed at least 270 people on the resurrection day last year. People largely stayed indoors and offered prayers from home with the Archbishop of Colombo, Cardinal Malcolm Ranjith, leading an Easter mass from a TV studio because of the pandemic.

The attacks wounded over 500 and deepened communal tensions in Sri Lanka. The bombings, carried out by local Islamist extremists with suspected foreign ties, was claimed by the Islamic State. Police said that they have killed or arrested all suspects in various counter-terror operations carried out in the days after the mayhem.

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Watch video: David Warner joins TikTok on fan's request, asks for help

With the coronavirus outbreak bringing the world to a standstill, sporting events across the globe have either been cancelled or suspended and that has seen sporting heroes spending time with fans on social media. And Australia opener David Warner has now opened a TikTok account and has asked fans to help him.

Taking to Instagram, Warner wrote: "Ok, I have zero idea what's going on but have been told to do tik tok by my 5 year old @davidbullwarner31 and I have zero followers I need some help please and they love @tonesandi."

Warner had earlier shaved his head in support of those working on the frontline for COVID-19. "Been nominated to shave my head in support of those working on the frontline #Covid-19 here is a time lapse. I think my debut was the last time I recall I've done this. Like it or not??" Warner said in an Instagram post with a video of the dashing left-hander trimming his hair in time-lapse mode.

The Australia opener has been constantly interacting with fans on social media and he took to Instagram to show fans a shoot from last year during the IPL where he is wielding the bat like a sword just as Ravindra Jadeja does after scoring a fifty.

Taking to Instagram, he posted the video and wrote: "Throwback to this time last year to a commercial we were doing for @sunrisershyd Do you think I've got @royalnavghan covered for the sword?"

Warner's teammate and former Australia skipper Steve Smith had said that he was hoping that the IPL is played out at some stage this year rather than getting cancelled due to the pandemic.

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India qualify for 2021 ICC Women's World Cup

Indian women's cricket team has qualified for the International Cricket Council (ICC) Women's ODI World Cup 2021, the cricket governing body announced on Wednesday. "The ICC Women's Championship Technical Committee (TC) has decided that teams will share points in all three series in the ICC Women's Championship that did not take place during the competition window," the ICC said in a statement.

The series between India and Pakistan could not be played because of a 'Force Majeure' event after the Board of Control for Cricket in India (BCCI) demonstrated that it was unable to obtain the necessary government clearances to allow India to participate in the bilateral series against Pakistan that forms part of the ICC Women's Championship.

Also, the coronavirus pandemic forced the cancellation of two series. South Africa was to host Australia and Sri Lanka was to host New Zealand in the last round of matches. New Zealand, the hosts of the World Cup 2021, and four highest-placed team on the ICC Women's Championship points table, has qualified for the premier tournament.

Australia topped the table with 37 points followed by England (29), South Africa (25) and India (23). Pakistan (19), New Zealand (17), West Indies (13) and Sri Lanka (5) completed the table. The ICC Women's Cricket World Cup Qualifier is scheduled to be played from 3-19 July in Sri Lanka, this is subject to review due to the COVID-19 pandemic.

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Indian players aware of online corrupt approaches, quick to report: ACU chief

The threat of online corrupt approaches does not cause much anxiety to BCCI's head of Anti Corruption Unit (ACU) Ajit Singh, who says Indian players are well aware of the modus operandi of fixers and are quick to report anything suspect. The ICC ACU head Alex Marshall, in an interview to 'The Guardian', said that prolonged lockdown and players using various social media platform could lead to corrupt approaches being made and people need to tread carefully. Singh said BCCI ACU is in control. "...we have made our players aware about the way people approach you and modus operandi through social media. We have told them 'look this is how they (potential fixers and bookies) would approach you'," the veteran IPS officer told PTI in an interaction. "(They will) try and behave like a fan and then try to meet you through someone who may be your acquaintance," he added. "Somehow these elements try and touch base with players. Most of them (India players), whenever it happens, they do report to us that I have got a contact."

Most of the top players, with millions of followers, have been very active online with Q and A sessions on twitter, interactive chats on instagram and Facebook live. So is the BCCI's ACU team tracking the online content? "Whatever can be tracked online, we do that. But obviously the physical verification part of going out and checking locations is out of question in times of a lockdown," he spoke about practical problems. "But if something comes to our notice, it automatically goes into our database and once lockdown is over, we will verify those if the need arises." Singh said the easiest aspect of tracking social media content is that it doesn't require too much manpower. "A few men who know their jobs can do it pretty well," the former DGP of Rajasthan said. But Singh said that, in his two year stint, all current India players have been honest and upright, very aware about their responsibilities. "We are not adversaries of players. The players and ACU are one team. It's the people who are trying to corrupt the games, they are the ones we need to track down." He said that both tracking social media and physical verification of corrupt approaches has its own set of challenges.

"Those who were trying to corrupt the players with physical presence and those using fake IDs on social media handles, converge at some point," he said. "Either it's the same person with a fake ID who tries to approach the player or uses someone on his behalf. So there is a pattern of convergence. One has to follow both the lines," he added. Singh said even former players have approached the ACU when they have found something unusual. "There have been things coming from current players and also retired players. There has been information coming from them. Things that they doubted, which look suspicious. "Any information is useful. Even if it's a false alarm, it raises the awareness level of the players as well as the skills of the team investigating it," the retired top cop said. There are some structural plans for the BCCI's ACU which will only materialise once normalcy returns after the COVID-19 pandemic. "Every zone will have a zonal head as it had been said earlier. A few zones don't have zonal heads, so we will fill those posts," he said.

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COVID-19: Mushfiqur puts his maiden double-century bat on auction

Bangladesh wicketkeeper-batsman Mushfiqur Rahim will be putting his most cherished bat on auction in order to raise funds for the relief efforts put in place in the country to fight the coronavirus pandemic.

Mushfiqur will be putting the bat -- with which he scored his first double hundred against Sri Lanka at Galle in 2013 -- for online sale and has urged people to contribute to the cause so that maximum funds can be generated for the poor.

"I am putting up the bat with which I made a double hundred for auction," Mushfiqur told the Dhaka-based Bengali daily 'Prothom Alo'.

"It will be put up online, so let's see how we can go about it. I urge everyone with the ability to push up the price of the bat since the proceeds will be spent entirely for the poor people," he added.

Last week, Shakib-al-Hasan had called upon the players to auction their belongings like jerseys and cricket equipments.

"We can do anything like that. It can also be a bat with any of our autographs. We can auction these things through Facebook or the foundation," Shakib had said on Facebook Live.

More than 2000 confirmed cases of coronavirus have been reported and many people have also lost their lives till now in Bangladesh.

England batsman Jos Butter had raised more than 65,000 pounds for two London-based hospitals by auctioning the shirt which he wore in the 2019 World Cup final.

Legendary Pakistan bowler Wasim Akram also auctioned a bat and ball signed by him to raise funds for a charity as the entire world fights against COVDI-19 pandemic which has so far claimed more than 1.6 lakh lives.

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Shoaib Akhtar on Brett Lee: He was quite a terror on the field himself

Brett Lee and Shoaib Akhtar were two of the fastest bowlers of their generation. Shoaib recently shared a clip from a popular Indian television show in which Lee talks about facing Shoaib in his prime.

Lee admits on the show that he was afraid of everyone while batting, "even the spinners."

While talking about the experience of facing Shoaib, he said, "So, I'm out batting and I'm sweaty and nervous," said Lee.

"My nickname is 'Binga' and I suddenly hear 'Binga, Binga'. I look up, and there's Shoaib, about 75 metres back. He goes 'I'm going to kill you'," Lee says pointing a finger to his forehead to mimic Shoaib at the time.

The Pakistani bowler was thus indicating that he was going to aim for Lee's head but instead the ball went to his toes.

"It's hit me straight on the foot. I've appealed to the umpire - 'Howzzat! That's gotta be out, surely?'" Lee says, with the audience in splits. "And you know what happened? That silly Australian umpire said not out."

Shoaib in his tweet said that Lee himself was quite a terror while bowling. "Binga being very humble there honestly. @BrettLee_58 himself was quite a terror on the field for the batsmen of that era," he said.

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Inzamam-ul-Haq: Indian players' 100s was for themselves during our playing days

Former skipper Inzamam-ul-Haq believes the difference between India and Pakistan teams during his playing days was that Indian players played for themselves while Pakistani players played for the team.

"When we played against India, their batting was more powerful than us on paper. But even our batsmen scored 30 or 40 runs, it was for the team, but for India, even if they scored 100 runs, they played for themselves," Inzamam said during the chat show with Ramiz Raja on YouTube.

"So, that was the difference between the two sides," he added.

Inzamam, who represented the national team in 120 Tests, 378 ODIs and 1 T20I between 1991 to 2007, played at a time when Pakistan used to dominate India on the cricket field.

However, in recent times, the tables have turned with India having an upper hand over their Asian neighbours.

Overall, Pakistan and India have played 59 Tests, 132 ODIs and 8 T20Is against each other in which India have won 9, 55 and 6 matches respectively while Pakistan have emerged victorious in 12, 73 and 1 games respectively.

When it comes to 50-over World Cup, India have won all the seven matches they have played against Pakistan. In T20 World Cup, India have won four out of five matches against Pakistan while the remaining one yielded no result.

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Watch video: Shikhar Dhawan enjoys 'Quarantine Premier League' with son Zoravar

Even though all the cricketing activities remain suspended because of the coronavirus outbreak, Indian opener Shikhar Dhawan is making sure he remains in touch with the game by playing it indoors with his family. Dhawan recently shared a video on Instagram where he is seen playing cricket indoors along with his son Zoravar.

In the video, Zoravar can be seen bowling to his father as the Indian opener defends the ball well on the off-side. The video also has commentary inputs along with crowd noises inserted in the background of the past.

 
 
 
View this post on Instagram

Quarantine Premier League ka sabse gripping moment 😅 Dhawan vs Dhawan 💪🏻😈

A post shared by Shikhar Dhawan (@shikhardofficial) onApr 22, 2020 at 8:30am PDT

The 34-year-old captioned the video: "Quarantine Premier League ka sabse gripping moment Dhawan vs Dhawan." Last week, Dhawan had shared a video of him dancing with his son on a popular Bollywood song "Daddy Cool".

"Life is so much fun with this mastikhor insaan! Sachi bolu toh daddy aur beta dono hi cool! Love this little one," the left-handed opener had captioned the video on Instagram.

With the nation-wide lockdown in place due to COVID-19 pandemic, Dhawan has been keeping himself busy with all kinds of different activities at home. He has been sharing all kinds of videos like that of washing clothes to playing and training with his kids to dancing with his wife Ayesha.

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Saqlain Mushtaq: Can't leave Ashwin out of ODIs

Pakistan spin great Saqlain Mushtaq fails to understand how a proven performer like Ravichandran Ashwin has been kept out of India's limited-overs set-up, saying a successful Test bowler is bound to succeed in the shorter formats. Ashwin, a regular in the IPL, has been kept out of the shorter formats since July 2017. Same was the case with Ravindra Jadeja but he is back playing all three formats, largely because of his all-round abilities.

"Class is permanent whether you are a finger-spinner or wrist-spinner. Your skills, game reading abilities matter a lot. I was surprised when Ashwin was sidelined from one-day cricket," Saqlain, the inventor of 'Doosra', told PTI. "He knows how to get batsman out in the five-day game, which is much tougher than limited overs cricket. Anyone can do the containment job but someone who knows how take wickets can contain also. He knows both. How can you keep him out? You have to back your best players." Seeking more variety, the selectors had opted for wrist-spinners Kuldeep Yadav and Yuzvendra Chahal after the 2017 Champions Trophy. They both have established themselves in limited overs cricket but have not featured in the eleven together since the 2019 World Cup.

Though Ashwin remains India's number one spinner at home, he is not a sure starter in overseas Tests. He was benched for the two-Test series in the West Indies last year, drawing a lot of attention and more recently, played a Test in New Zealand in the two-match series with Jadeja playing the other one. "They sidelined Bhajji (Harbhajan Singh) at the expense of Ashiwn back then. After Ashwin, you have tried many off-spinners but none of them has been of his class. "In fact, I was surprised when a a great like Bhajji was dropped. Both Ashwin and Bhajji have different styles and could have easily played together in the playing eleven. If two right-hand pacers can play regularly, why not spinners?" asked Saqlain. "Such was Bhajji's class that he could have easily taken 700 Test wickets (ended at 413 wickets in 103 Tests," he said referring to Harbhajan, who is in the twilight of his career and plays only the IPL. Saqlain was part of a world-class bowling attack but now Pakistan doesn't have spinners of his pedigree. The 43-year-old feels India, who are much stronger than Pakistan at the moment unlike his times, still possess quality spinners despite the departure of Anil Kumble and Harbhajan.

"The spinners you have are pretty good actually. Kuldeep has been impressive, Ashwin and Jadeja have been doing well consistently. They are world- class bowlers. In fact Pakistan is struggling a bit on that front. Yasir Shah has done well but his form has dipped recently. Shadab is still a work in progress. "I am pretty confident that Ashwin and Jadeja will end up playing 100 Tests each," said Saqlain. Like his former teammates Shoaib Akhtar and Shahif Afridi, Saqlain also feels India and Pakistan should resume their cricketing rivalry. Akhtar's proposal of an India-Pakistan series to raises funds for the fight against COVID-19 pandemic in both countries had attracted criticism from big names like Kapil Dev. India did not need the money, Kapil had said.

However, Saqlain downplayed the financial factor. "What do you call sportspersons? You call them heroes and what is their job? Their job is to do good deeds. Winning and losing is part of the game. Cricket is not war. That is why I feel cricket should be played between the two countries. "To say that Pakistan cricket will suffer because of not playing India is the not right way to look at this. The bigger picture is that the game should be promoted on both sides. And if we do play, there is a possibility of relations improving." He recollected an experience that made him realise the power of sport. "Sachin and Shane Warne had organised All Stars matches in America (in 2015). You won't believe I saw a flag with colours of both India and Pakistan flags. An Indian and Pakistani were holding that together. "It brought the two nations closer. I would request the ICC too look into this. Financially also, it is a win-win for both BCCI and PCB. The series is much bigger than the Ashes," Saqlain signed off.

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Yuzvendra Chahal among best in world, can get better with better use of crease: Mushtaq Ahmed

Yuzvendra Chahal is among the best leg-spinners in international cricket right now but he can be more effective with better use of the crease, says former Pakistan spinner Mushtaq Ahmed. Ahmed picked Chahal, Australia's Adam Zampa and Pakistan's Shadab Khan among the top leg-spinners in white-ball cricket. "Chahal as been impressive. He is definitely among the top leg-spinners of the world. And I feel he would be more effective if he uses the crease a lot more," Ahmed told PTI.

Ahmed, who has coached all around the world and is currently a consultant for his native team, said India's ability to take wickets in the middle-overs in the limited overs format through Chahal and Kuldeep Yadav has been a game-changer for them. Both the wrist-spinners were brought into India's limited overs set-up following the 2017 Champions Trophy. Though, of late, both Chahal and Kuldeep havn't been playing together. "He (Chahal) can go wide of the crease at times. You got to be smart enough to understand pitches. If it is a flat pitch, you can bowl stump to stump," said Ahmed, one of the best leg-spinners Pakistan has produced. "If the ball is gripping, you can go wide of the crease because you can trouble even the best of batsmen with that angle. That way your googly also doesn't turn as much as the batsman expects and you end up taking a wicket." Chahal has taken 91 wickets in 52 ODIs at 25.83 and 55 wickets in 42 T20s at 24.34. He is not a huge turner of the ball but uses his variations very effectively. Ahmed also feels the likes of Chahal and Kuldeep have benefitted immensely from former captain M S Dhoni's advice from behind the stumps.

"You have got to be one step ahead of the batsman. You should know your field position as per the batsman's strength. I always say attack with fielders not with the ball. If you understand that theory, you will always be successful," the 49-year-old, who played 52 Tests and 144 ODIs, said. "India has become a force to reckon with in all three formats as it uses its bowlers really well. Dhoni was a master at getting the best out of his bowlers in limited overs cricket and now you have Virat Kohli." He also said the art of leg-spin remains relevant more than ever. "You need leg-spinners and mystery spinners in your team as they have the ability to take wickets at any stage of the game. I see a lot of them coming through in the next 10-15 years. "Most batsmen now like playing express pace but with a good leg-spinner in the team, you are always in the game," added member of the 1992 World Cup-winning squad.

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South African first-class cricketer Solo Nqweni tests positive for coronavirus

Solo Nqweni, a South African first-class cricketer who has been battling multiple health issues, has tested positive for coronavirus. The 25-year-old all-rounder is also being treated for Guillain-Barre Syndrome -- a condition in which the immune system attacks the nerves. He is currently in Aberdeen, Scotland and shared the news of him contracting COVID-19 on Twitter.

Nqweni is the third cricketer known to have contracted the disease after Pakistan's Zafar Sarfraz and Scotland's Majid Haq. "So last year I got GBS, and have been battling this disease for the past 10 months and I'm only half way through my recovery. I got TB, my liver failed and my kidney failed. Now today I tested positive for coronavirus. I don't understand why all of this is happening to me," Nqweni tweeted.

This diagnosis is the latest in a long line of health issues for Nqweni, who spent four weeks in an induced coma last year. Nqweni played for South Africa Under-19s in 2012 and has been contracted to Eastern Province and has also played for franchise cricket for the Warriors.

The former Grey High star, who is playing as a professional at Aberdeenshire Cricket Club, is in the intensive care unit of Aberdeen Royal Infirmary, according to Herald Live.

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Donald Trump warns China of consequences over COVID-19

US President Donald Trump has warned China that it should face consequences if it was "knowingly responsible" for the spread of COVID-19, upping the ante on Beijing over its handling of the COVID-19 pandemic.

Trump, who has expressed disappointment over China's handling of the disease, alleged non-transparency and initial non-cooperation with the US on dealing with the crisis. "If they were knowingly responsible, yeah, then there should be consequences. You're talking about, you know, potentially lives like nobody's seen since 1917," he said on Saturday.

Trump said his relationship with China was very good till the time the deadly COVID-19 swept across the world. He said there was a big difference between a mistake that got out of control and something done deliberately. He also expressed his doubts over the official Chinese figures on the number of deaths in their country, claiming that the fatalities were way ahead of the US.

A premier Chinese virology laboratory in Wuhan, which is in the eye of the storm for allegedly being the source of Coronavirus, has for the first time refuted the charge that the deadly virus originated from his lab before it spread across the world and wreaked havoc.

Hungry, jobless turn to food banks in US

Thousands of families hit by the pandemic are turning to food banks to get by, waiting hours for donations in lines of cars stretching as far as the eye can see. And with 22 million people out of work seemingly overnight, the charities feeding homeless and scared people fear the day will come when they cannot cope with the tsunami of demand.

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Equity indices fall by 2.6 per cent as US oil prices dip below zero dollar a barre

Equity benchmark indices slipped by 2.7 per cent during early hours on Tuesday in line with Asian peers after US oil prices slipped below zero dollar a barrel in overnight trade.

US crude futures turned negative for the first time in history following a collapse in oil demand as the coronavirus pandemic derails the global economy.

At 10:15 am, the BSE S&P Sensex was down by 870 points or 2.75 per cent at 30,778 while the Nifty 50 edged lower by 248 points or 2.69 per cent at 9,013.

Except for Nifty pharma and FMCG, all sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 5.2 per cent, auto by 5.1 per cent and private bank by 4.3 per cent.

Among stocks, index heavyweight Reliance Industries fell by 3.93 per cent to Rs 1,195.60 per share. Metal majors Hindalco dropped by 8.9 per cent at Rs 106.10 per share while Tata Steel lost by 7.1 per cent and Vedanta by 6.6 per cent.

Auto major Maruti skidded by 6.8 per cent to Rs 4,964.70 per share and Tata Motors by 5.2 per cent.

Private lenders IndusInd Bank, Axis Bank and ICICI Bank dipped by 6.7 per cent, 6.1 per cent and 5.8 per cent respectively.

However, those which gained were Dr Reddy, Cipla, Nestle India, Hindustan Lever and ITC.

Meanwhile, Asia shares were in the negative zone after an overnight tumble at Wall Street with US crude futures turned negative for the first time in history. However, it bounced back into positive territory this morning.

MSCI's broadest index of Asia Pacific shares outside Japan fell half a per cent. Japan's Nikkei fell by 2.26 per cent while Hong Kong's Hang Seng lost by 2.38 per cent and South Korea's Kospi slipped by 1.67 per cent.

Overnight stateside, the Dow Jones Industrial Average closed 592 points lower at 23,650, the S&P 500 slipped by 1.8 per cent to end its trading day at 2,823 and the Nasdaq Composite pulled back 1 per cent to close at 8,561.

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Experts urge people to avoid mosques as cases spike in Pa

Pakistan's Coronavirus cases jumped to 12,579 on Sunday after 783 new infections were reported in one day, prompting the government officials and medical experts to appeal to the people to avoid visiting mosques and participating in congregational prayers during Ramzan to contain the spread.

According to the Ministry of National Health Services, at least 15 people have died in the last 24 hours, taking the death toll in the country to 269. The number of those recovered also increased to 2,866, it said. So far, 144,365 tests have been done in the country, including 6,218 in the last 24 hours.

As the infections keep growing, Pakistan Medical Association, Pakistan Islamic Medical Association (PIMA) have urged people to offer prayers at homes and not in mosques. PIMA President Dr Iftikhar Burney warned on Saturday that mosques were becoming a major source of virus transmission.

"Around 6,000 cases for coronavirus surfaced in a month, but the same has doubled in the last six days," he said, warning that the infection would further go up in the coming months of May and June.

The are reports that a 20-point agreement signed by the leading clerics with President Arif Alvi on restricting access to mosques during Ramzan was not being followed completely. Alvi has written a letter to the Imams of mosques urging them to ask worshippers above the age of 50 to pray at home.

783
No. of new infections reported on Sunday

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