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New start-up in Mumbai offers private, lockable and secure self-storage units


Ameya Davda and Devak Davda at the Sewri facility. Pic/Datta Kumbhar

If there is one problem that most of us perennially face in our daily lives, it is the lack of storage space. But, one man's problem could well be another man's opportunity. Entrepreneurs Ameya Davda and Devak Davda's startup, Space Valet, is a case in point. Their recently launched service aims to be a one-stop storage solution that offers private, lockable and secure self-storage units of various sizes to stash your belongings.

Home away from home
"Think of it as the sophisticated spare closet or stock room you've always longed for in Mumbai," says Davda who along with his cousin Devak came up with this idea when they returned to India after completing their studies abroad. "I was in California and Devak in London, and while we were there, we learnt how popular cell storage is among people. It's a 60-year- old concept and almost a 40-billion dollar industry," he adds. On returning to Mumbai, Davda teamed up with his cousin to launch the startup which they felt would be a good fit in an overcrowded city. They then conducted a survey to find out if people would avail of a service like this. "People are always on the lookout for additional storage space, more so in Mumbai," he says. The top reasons for self-storage rental, he observed, was the lack of storage space at home, temporary storage while moving, and storing things people don't want or need. The most popular things being stored are wedding outfits and furniture.


A walk-in closet

How it works
The process is simple. You either call up the facility or browse the website and find a suitable storage plan. You then order as many boxes as you need, and then pack and label your belongings. "You don't need to move a finger. Our tie up with Movers and Packers ensures a pick-up facility. When you want your stuff back, go online and click on the tab to recall the boxes," he explains. The plan starts from R299 a month and goes up to R11,000. Storage options range from boxes to a large store room. The key to the storage lies with the customer only. Cleanliness and security are common concerns among customers, according to the results of their survey. The facility, therefore, has a designated person to solely look after the cleanliness of the storage space. There's also a 24x7 security and surveillance to keep the goods safe. "We maintain the right kind of environment so that your possessions don't deteriorate over time," he says. Now, the big challenge for the duo is to popularise the concept. "We want to educate people that this is a viable solution to your space crunch."

Where: www.spacevalet.in
Price: Rs 299 onward
Call: 9930832832

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Lockdown Diaries: Smriti Mandhana sleeps 10 hours, watches movies, plays ludo, works out

Working out, washing utensils, watching movies and playing Ludo online -� these are some of the few activities which ace Indian batter Smriti Mandhana is indulging during the lockdown period in place as the country battles the coronavirus outbreak.

In a one-minute 38 second video shared by the BCCI, Mandhana has revealed her day to day activities in order to make sure how she makes the most of the lockdown period currently in place in the entire country.

She is working out as per the training schedule given by Team India trainer. "Staying fit is very important, so I am working out. I keep in touch with the trainer and receive the feedback. He keeps sending us (all Indian players) all the workouts that we need to follow."

"The other thing I like is spending time with my family. We love playing cards. I help my mother with cooking. I guess washing utensils has become a part of my daily routine. However, my favourite pass time is to trouble my brother," said the left-handed Indian batswoman.

"The third thing which is love is watching movies. I am a big movie buff. So, I make sure I watch two-three movies a week, not many because I don't want to get addicted. I want to spend time with my family.

"The best thing which I love doing the most at home is sleeping. I make sure I sleep for at least 10 hours to keep myself happy the entire day," she added.

The star Indian batswoman also urged people to stay indoors during the lockdown. "Stay home, stay safe and keep yourself physically and mentally fit."

India has been in lockdown since March 25, a step taken in order to stop the spread of coronavirus which has so far claimed more than 300 lives in the country. However, with an upstage in number of infected people, the lockdown is likely to be extended further after Tuesday.

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Brazilian model gets batting tips from her coach boyfriend during lockdown

With people finding various ways to spend time during quarantine amid the Coronavirus pandemic, a Brazilian model challenged her cricket coach boyfriend to teach her how to bat during the 21-day isolation period.

And they are doing it. According to a report in dailymail.co.uk, Coco Cuhna suggested her boyfriend Gio Colucci that it might be fun to see if he could show her how to bat. "I was joking...he took it very seriously," Coco said.

"I thought Oh my gosh, what have I got myself in for!" Coco revealed she is spending 25 minutes a day learning how to pull, cut and drive from Gio, who is a director at The Cricket Academy in Cape Town, South Africa and has coached the likes of England batsman Tom Wesley, Derbyshire captain Billy Godleman and Ben Curran, brother of England duo Tom and Sam.

"I had never had any contact with cricket before, I never even knew about it before I moved to South Africa," said the Brazilian model. However, after a fortnight, Coco is now enjoying the drill.

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Shikhar Dhawan looking to fine-tune musical skills amidst lockdown

The current lockdown has seen people restricted indoors and many are picking up new hobbies. Energetic India opener Shikhar Dhawan on Tuesday revealed he is trying his hand at playing a flute and honing his overall musical skills.

"Playing a musical instrument, the vibrations you can feel inside your body. Music gives you peace and everybody should try to learn how to play a musical instrument now especially because we have so much time to spend at home due to the lockdown," Dhawan said while chatting with India middle-order batsman Shreyas Iyer on Instagram Live.

The dashing southpaw also played the flute on Iyer's request.

Dhawan picked Dale Steyn as the most difficult bowler he has faced along with off-spinners on turning wickets.

Asked to pick his most special knock, Dhawan chose the match-winning hundred against Australia in the 2019 World Cup.

"Mardo walli feeling aayi (it was a big daddy innings)," Dhawan said.

Dhawan had slammed 117 off 109 balls against the defending champions at The Oval on June 10 as India won by 36 runs. That turned out to be the final tie he played as he was ruled out with a thumb fracture for the remainder of he competition.

India crashed out in the semi-finals, losing to New Zealand.

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How Mumbai's India all-rounder Shivam Dube maintains competitive mindset during lockdown

Binge watching has become the most common activity in the Coronavirus-forced lockdown. Mumbai's India all-rounder Shivam Dube is no different than the rest but his choice is rather unusual.

Dube, 26, who was drafted in the Indian team in place of injured Hardik Pandya (India v Bangladesh T20I series in November 2019), has been watching India's World Cup title campaigns spearheaded by MS Dhoni, for motivation.

India lifted the inaugural World T20 trophy in 2007 and the 50-over World Cup in 2011. "To keep my mindset healthy, I am watching India's two World Cup titles. They inspire me and provide me a pathway for what I can do for my country in the future. It keeps me motivated," Dube told Sunday mid-day on Saturday.

All-rounder Shivam Dube (right) with father Rajesh, mother Madhuri and sister Pooja at their Andheri East residence on Saturday

"I watched the 2011 ODI World Cup final many times because I am confident India can do it again [in 2023]. I also watched the T20 World Cup games several times. I think India are the best team in any format. I am sure we can win these two World Cups again," said Dube, who has featured in 13 T20Is and one ODI. Dube is working hard on his fitness at his Andheri East home. He was part of the Royal Challengers Bangalore team in the last IPL, where he scored 40 runs in four games. He was looking forward to playing the IPL again but it has been indefinitely suspended.

"I am missing everything of the IPL. It's difficult but we don't have a choice. We have to stay home and fight the virus," remarked Dube. But there are positives: "I am with my family after a long time, so I am helping my mother, father and sister as much as I can with household chores. I sometimes help my mother with cooking and cleaning. This also helps in bonding."

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Sachin Tendulkar cuts his own hair at home in Mumbai amid lockdown

Amid the nationwide lockdown due to coronavirus crisis, former Indian cricketer Sachin Tendulkar on Sunday cut his own hair and said he went from 'playing square cuts to doing my own hair cuts'.

Tendulkar took to Instagram and shared pictures of him doing his own haircut.

"From playing square cuts to doing my own hair cuts, have always enjoyed doing different things. How's my new hairdo looking @aalimhakim and @nandan_v_naik," Tendulkar captioned the post.

Prime Minister Narendra Modi on April 14 announced the extension of lockdown till May 3 in an attempt to contain COVID-19.

According to the latest update by the Ministry of Health and Family Welfare, the total number of positive cases in India has mounted to 16,116 and 519 deaths have been reported till now.

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COVID-19 lockdown: Prithvi Shaw busy with kitchen work, playing PUBG

With the entire world currently fighting the coronavirus pandemic, athletes across sports are utilising time to make the most out of the forced break. Delhi Capitals opener Prithvi Shaw recently revealed what he has been spending time during the nationwide lockdown. "I've been working out a bit indoors and shadow practicing to maintain my fitness levels. I've also been helping my father in the kitchen. I can cook eggs quite well and I'm trying to learn a few new things. I've been playing some PUBG too," Shaw said on Tuesday during an Instagram LIVE session on the franchise's official handle.

Talking about the importance of mental health in such unprecedented times, Shaw said: "Mental strength is very important at this time, given that we are all restricted indoors. A lot of us don't have patience for things in life, so now is a great time to work on it." "Everyone should find something to do that they like, and work towards perfecting that. That process in itself will help one grow calmer and become more patient." Shaw also spoke about the 2019 season of the Indian Premier League (IPL) where Delhi Capitals finished third, having made it to the play-offs after a seven-year gap.

"On and off the field, our team was like a family," he said. "We had Ricky (Ponting) Sir, Dada (Sourav Ganguly), (Mohammad) Kaif Sir to help us with anything – the environment was perfect." When asked to recall a funny anecdote from the season gone by, Shaw spoke about how Ponting had once scared him by ordering him to take ten rounds of the Feroz Shah Kotla as he had reported slightly late for a pre-training team meeting.

"I was looking for some new spikes in the dressing room that day and reached the ground a bit late," he said. "I completed the entire training -- fielding and batting sessions -- and had no energy left to run ten rounds of the ground. Luckily, I didn't have to. Turns out Ricky Sir just wanted to scare me off for my late attendance that day!" The 20-year-old, who spent a part of 2019 serving a doping ban, reflected on his time away from the game and the lessons learnt.

"It was a mistake. And the period away from cricket was a torture," he said. "Doubts and questions arise, but I kept the faith and belief. I spent some time in London where I was working on my fitness, as I wasn't allowed to bat anywhere.

"When the ban got over, and I returned to domestic cricket, I was hungrier than before. I picked up my bat and realised I hadn't lost my touch at all. If anything, that time off made me a more determined person," he added.

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Coronavirus lockdown: Cricketer Shikhar, wife Ayesha bat against domestic violence

India opener Shikhar Dhawan and wife Ayesha on Monday put out a video on social media to send an important message regarding domestic violence. With people staying at home amid coronavirus lockdown, reports of domestic violence have also come out a lot more in recent times.

Dhawan, who is currently spending time with his family during the lockdown period, urged people to put an end to this social evil by choosing the right partner for themselves.

His Twitter post read: "While I enjoy my time at home with my loving family, I am truly sad and disheartened and sad to hear about domestic violence still existing in today's time and we need to put an end to it. Choose a kind and loving partnership and say no to violence."

India is currently on a nationwide lockdown till May 3 as a precautionary measure against the spread of coronavirus. In India, more than 27,000 people have been infected by the virus so far while in excess of 850 individuals have lost their lives.

In normal circumstances, Dhawan would currently be playing for Delhi Capitals in the 13th edition of the Indian Premier League (IPL) but due to the pandemic the tournament has been postponed indefinitely by the Board of Control for Cricket in India (BCCI).

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Lockdown diaries: Shreyas Iyer saves an egg, catches TV remote, collects clothes from washing machine

India cricketer Shreyas Iyer has been entertaining his fans both on and off the field. In order to make things a bit positive during the COVID-19 pandemic, Shreyas Iyer shared a fun video on Instagram.

On Sunday, Iyer posted a video for his 2.3 million Instagram followers and captioned it: "Fielding practice is everywhere you look."

 
 
 
View this post on Instagram

Fielding practice is everywhere you look 😏

A post shared by Shreyas Iyer (@shreyas41) onMay 3, 2020 at 12:30am PDT

In the video, Shreyas Iyer is seen diving to save an egg, catching the remote control of his TV, arranging chairs quickly and even collecting clothes thrown out of the washing machine.

One could hear American rapper Tyga's song, Bored, playing in the background. Shreyas Iyer, born in Mumbai, made his debut for India in 2017. He has since played 18 ODIs and 22 T20Is. Shreyas Iyer is also the captain of the IPL franchise Delhi Capitals.

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How is Virat Kohli keeping himself busy in lockdown? Being positive and happy

Star Sports, India’s leading broadcaster, through their show Cricket Connected, has used the power of technology to engage with cricket fans and bring them voices of the world’s best former and current cricketers. On this week’s episode, Indian captain Virat Kohli will be interacting with host Jatin Sapru and a few of his young fans who will pepper King Kohli with questions, especially around what has been doing during the government-mandated nation-wide lockdown period.

This is an enjoyable format to engage with cricket fans and legends of the game through easy-going conversations. With the lockdown extended for another two weeks, cricket fans now have an opportunity to catch Captain Kohli as he talks about daily routine at home and how he is keeping himself busy. The skipper also speaks about the importance of staying at home, finding motivation and focusing on fitness and training despite the limited conditions.

Captain Virat Kohli said on Star Sports’ show Cricket Connected, “I am keeping myself positive and happy and just looking forward in life so that whenever I return to the game, I know I will be in a good position to start from where we left.”

While speaking to his fans, Virat Kohli also talks about the things he misses while staying at home like the IPL, the excitement the tournament brings for the players and the fans and the magical moments that are created. Virat even answers a few questions asked by his young fans around his unflappable mindset during batting, Virat emphasizes on how important it is to have a proper mindset especially while playing a sport, sending a strong message to all the young cricket aspirants in the country. On the episode, captain Kohli also catches up team mate Yuzvendra Chahal and reminisces their comradery.

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Furious US president lashes out at media; claims 'total' power to end lockdown

A furious US President Donald Trump on Monday accused the American media of giving unfair coverage to his fight against the Coronavirus and played video clips appreciating his administration's efforts in containing the spread of COVID-19 pandemic in the country. "I mean, if you had libel laws, they (the media) would have been out of business even before they'll end up going out of business. So it's too bad," Trump told reporters during his White House news conference on Coronavirus. "We really have done this right. The problem is the press doesn't cover it the way it should be," he said. He alleged that several news outlets, including the New York Times, are biased.

"I have never seen a video like that playing in this room. It looks a bit like a campaign ad. Who produced a video for you?" he was asked by a reporter. "That was done by a group in the office and it was done just by — we just put some clips together. I bet I have over 100 more clips even better than them. They were just pieced together over the last two hours," Trump said. The Washington Post alleged that this was a campaign style video. According to Politico, Trump "fiercely defended" his administration's response to the Coronavirus at the briefing, complete with a campaign-ad-like video aimed at bolstering his case.

The US has over 5,50,000 confirmed cases of infections. It has recorded 1,509 deaths related to the pandemic over the past 24 hours, bringing the tally to 23,529, the most of any country. Trump, however, said the number of daily new infections remained flat nationwide over the weekend, sending clear evidence that the aggressive strategy to combat it is working. He insisted on easing restrictions by May and claimed that he has 'total authority' to take a call on lifting the restrictions that ends on April 30, according to reports. The Trump administration is considering easing the stay-at-home orders from May 1.

"We don't have a king. We have an elected president. The Constitution clearly says the powers that are not specifically listed for the federal government are reserved for the states, and the bounds between federal and state authority are central to the Constitution — one of the great balances of power," CNN quoted Democratic New York Governor Andrew Cuomo as saying. So far, at least 1,21,787 people have died from the virus and 1,947,727 have tested positive.

1,509
Total no. of death recorded in the US in 24 hours

Trump denies plan to sack Fauci

Donald Trump has dismissed rumours that he was going to fire his top medical advisor on the pandemic. Unusually, the evening briefing at the White House began with a statement by the internationally renowned Dr Anthony Fauci, seeking to defuse speculation that he had fallen out with the Republican president. Trump, who on Sunday fuelled speculation by retweeting a critical comment with the hashtag #FireFauci, sought to draw a line under the latest White House turmoil. "I like him," he said of Fauci. "I hear I'm going to fire him. I'm not gonna fire him, I think he's a wonderful guy." But Trump then launched into a sustained assault on other targets, demonstrating his frustration with accusations that he has mishandled the crisis.

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Thousands defy lockdown to attend funeral of Muslim cleric in Bangladesh

Thousands of people on Saturday defied the countrywide lockdown to attend the funeral of a Muslim cleric in Bangladesh, triggering fears of rapid spread of the Coronavirus pandemic.

The news media in Bangladesh reported that thousands of people, without masks and in clear violations of social distancing, participated in the funeral prayers of Khelafat Majlish's 'Nayeb-e Amir' Maulana Zubayer Ahmad Ansari, held at a madrasa in Bertola village under Sorail Upazila of Brahmanbaria district. The cleric had passed away at his home last night.

The gathering was large and the authorities did not stop it, media reports said. Noted Bangladeshi author, Taslima Nasreen, who lives in exile in Sweden, tweeted that 50,000 people had attended the funeral prayers, defying the ban on mass gatherings during the lockdown. "Stupid government didn't even try to stop these stupid people," she tweeted.

Like many other countries where religious congregations are turning out to be a major multiplier in the pandemic, the Saturday funeral gathering could become Bangladesh's hotspot for the outbreak. So far, over 2,100 people have tested positive and 84 have died due to Coronavirus in Bangladesh.

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Photographer makes wedding album with Lego models amid lockdown

All of Chris Wallace's wedding bookings were either cancelled or postponed due to the Coronavirus, but the UK-based wedding photographer didn't let that deter him. Wallace took it upon himself to recreate a wedding ceremony using LEGO figures lying around his house. He named the bride and groom Florence and Fred, and spent many hours preparing for the wedding. He even staged several scenes and big moments seen frequently in Christian weddings and then proceeded to click photos of them. He used his experience capturing weddings to make it seem natural.


The bride getting dolled up for her wedding

The bride walked down the aisle with a Harry Potter figurine, whereas groomsmen Ghostbusters, Chewbacca and a 1980 Lego spaceman stood at the altar to support the groom. "I've found myself with quite a bit of free time on my hands and thought it'll be a fun thing to do," said the photographer to the New York Post. "The ceremony was held outdoors in the most gorgeous of settings, filled with the greenest of plastic leaves and most colourful plastic flowers," he added.

Posing for a family photo. Pics/carpediemphotographycheshire.co.uk/Chris Wallace

Wallace said: "I tried drawing upon the experiences I had with weddings, to capture the big moments while making it seem natural." As the lockdown is anticipated to last till June, he plans to do another shoot soon.

Girl, I want you real clean!

A New Yorker hung fliers to look for a 'germ free' partner during the Coronavirus crisis


Pic/New York Post

A single man from New York, who is looking for love, hung dating fliers across the city, saying that his potential lover must be healthy, fit and clean.

The man, identified only as Brad, also said in the flier that he is "seeking a girlfriend for Coronavirus and beyond." He describes himself as a healthy, attractive, and well-settled man, looking for "germ-free monogamy". "I was single when the lockdown began and was wondering how and when dating would be possible again," Brad told the New York Post.

"This is no time for casual dating or hook-ups, so I am seeking a long-term and exclusive relationship," he added. Brad said that he has already received responses from "high-quality women" and is looking forward to meeting some for six-foot-apart dates.

Papi Gudia 2.0

An area in Mexico City became one of the most searched addresses on Google Maps this week, after photos of a creepy, doll-covered house located there, went viral on social media. The post was first shared by TikTok user Fernando Mata, who was looking for creepy content for his social media. It later turned out that this was the address of a small esoteric shop, and the dolls were merely an advertising strategy to attract prospective customers.

This teen is a gender-bender


Pics/@puutan_318, Instagram

A Japanese 18-year-old boy, has been getting a lot of attention on the Internet for cosplaying as an Asian schoolgirl. Puutan, whose real name is reportedly Tatsuya, has been flaunting selfies in feminine clothes, as well as a long hair wig. He currently has over 27,000 followers on YouTube, and 23,000 followers on Instagram.

Mexicans want beer to survive quarantine

Mexico's decision to halt production of most non-essential products due to the Coronavirus pandemic, has led to a polarising debate in the country on whether beer should be considered an "essential" during lockdown. "Beer supplies should be guaranteed, because beer helps people get through quarantine on better terms," said the National Alliance of Small Business in a press statement.

Village gets ghosts to keep people indoors

Kepuh village in Indonesia has resorted to an unusual way to ensure that the locals stay indoors. Those who step out of their homes at night will have to face pocong—shrouded ghosts believed to represent the souls of dead people. The pocongs are actually volunteer youths trying to help maintain the lockdown.

Crime junkies can get rich in 24 hours flat

A video streaming service is seeking a true crime buff to make $1,000 (R75K) during the Coronavirus lockdown by watching 24 straight hours of documentaries. The chosen candidate will be given a pre-selected list of true crime documentaries to watch.

Bugging you

A swarm of bugs descended over a beach at Cayton Bay, Yorkshire, leaving locals stunned. The bugs, later identified as European Chafer Beetles, are said to have washed up on a few beaches in the area. The cause is still being investigated. "I was stunned to realise they were living creatures. There were just masses and masses of them," said Sue Weatherill, a local resident, to Daily Mail. Pics/@ChrisBull52, Twitter

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Hong Kong shows no need for total lockdown: study

With widespread testing, contact tracing and population behavioural changes, Hong Kong appears to have managed to contain the first wave of COVID-19 without resorting to drastic measures like complete lockdown which now threaten to damage economies of several countries around the world, say scientists in a Lancet study.

A combination of border entry restrictions, quarantine and isolation of cases and contacts, together with some degree of social distancing helped the city with a 7.5 million population avert a major COVID-19 outbreak up to March 31, said the study published in The Lancet Public Health journal.

"By quickly implementing public health measures, Hong Kong has demonstrated that the virus transmission can be effectively contained without resorting to the highly disruptive complete lockdown," said professor Benjamin Cowling from the University of Hong Kong, who led the research.

"Other governments can learn from the success of Hong Kong. If these measures and population responses can be sustained, they could substantially lessen the impact."
The government also deployed measures to encourage social distancing including flexible working arrangements and school closures. Many large-scale events were also cancelled.

Further analyses suggest that individual behaviours have changed in response to COVID-19. In the most recent survey, 85 per cent of respondents reported avoiding crowded places, and 99 per cent reported wearing face masks when leaving home—up from 75 per cent and 61 per cent respectively from the first survey in January.

S Korea virus cases fall below 20 in 2 months

SEOUL: South Korea reported 18 COVID-19 cases on Saturday, marking the lowest daily increase in about two months. The new cases brought the country's total infections to 10,653, according to the Korea Centres for Disease Control and Prevention. It is the first time since February 20 that the country's new infections came below 20. Over the past five days, the country reported fewer than 30 new patients per day. The number of South Korea's daily new cases reached a peak of 909 confirmed cases on February 29, but the country has since managed to flatten the curve.

Iran closer to containment

Iranian authorities have said that they were closer to the containment of the COVID-19 pandemic in most of the country, while Turkey was poised to overtake Iran as the hardest-hit country in the Middle East due to rapid growth of new cases. Iran on Friday reported 1,499 new cases of COVID-19, bringing the total number of confirmed cases to 79,494, with 4,958 deaths. "Despite circumstances arising from sanctions and economic warfare, no patient was left abandoned behind hospital doors and no patient lacked drugs and medical care during the peak of the virus across cities," minister of health and medical education Saeed Namaki said. In Turkey, 4,353 new COVID-19 cases were confirmed on Friday, bringing the total number to 78,546. The death toll surged to 1,769, after 126 more deaths were reported.

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Coronavirus: In a rare sight, lions captured sleeping amid lockdown in South Africa

With humans in their homes amid the coronavirus lockdown, animals are roaming free on the streets. After pictures of dolphins off Marine Drive, peacocks venturing in the streets of Mumbai and tigers taking a stroll in the forests of Madhya Pradesh went viral, stunning pictures of lions sleeping in a park in South Africa is making rounds on social media.  

 The picture posted on Twitter by the Kruger National Park in South Africa, show the rare sight of the pack of lions sleeping in the pathways of the park. Clicked by Section ranger Richard Sowry, the caption for the post reads, “Kruger visitors that tourists do not normally see.  #SALockdown This lion pride are usually resident on Kempiana Contractual Park, an area Kruger tourists do not see.  This afternoon they were lying on the tar road just outside of Orpen Rest Camp.”

The astounding pictures that were posted on Twitter on Wednesday, garnered over 19,500 likes and was retweeted more than 6,700 times. The users commenting on the post spoke how such rare sights are seen when humans are at home and how mother nature is recovering from the wounds.

What do you think about the pictures?

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Coronavirus Outbreak: Instances of humanity amid lockdown overshadow bad news

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

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

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

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

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

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

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

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

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

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

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

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Turkish Spiderman delivers groceries to elderly neighbours amid coronavirus lockdown

Amid the coronavirus gloom, a Turkish man is giving netizens a reason to smile with his unique antics and helping attitude. The man identified as Burak Soylu dresses up as the famous Marvel superhero Spiderman to help his neighbours amid the global pandemic.

According to a Twitter post shared by Goodable, just like the 'friendly neighbourhood' Marvel superhero who helps people with his superpowers, Burak dresses up in a Spiderman suit and goes around helping his neighbours, especially elderly people by distributing milk, groceries and essentials at the doorsteps.

In the pictures shared by Goodable, Burak can be seen buying vegetables from the market and delivering it to those in need of help at a time when most countries have imposed a lockdown to curb the spread of coronavirus. While speaking to Goodable, Burak said that his superpower is doing good for his neighbours.

Twitter user Serhan also shared some breathtaking pictures of Burak as Spiderman driving his Beetle and even posing on a tractor. Since the time it was shared, the post has garnered over 10,000 re-tweets and about 4,000 likes.

The post, which has gone viral now has garnered tons of appreciation from netizens. While some Twitterati lauded Burak for helping the elderly amid coronavirus crisis, others talked about how Burak was spreading the safety message by wearing a costume that includes a face mask and hand gloves which are highly important to combat COVID-19.

One user said, "And he's masked and gloved too! Good one, Spidey!" while another user commented, "Now that's what I call a friendly neighborhood spiderman..." A third user jokingly said, "So can we say Superman costume is Coronaproof? Hahaha." Talking about the Turkish spiderman's noble cause, a fourth user said, "He also visits disabled kids school and presents toys along with mask."

Here's how netizens reacted to Turkish spiderman's noble work:

Isn't the Turkish Spiderman living by the well-known proverb of the Marvel superhero, "With great power comes great responsibility".

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Viral video: Girls play tennis from rooftop amid lockdown

Two young girls in Italy took the lockdown game to a whole new level by playing tennis from neighbouring buildings.

The girls in Liguarian town of Finale Ligure managed a 12-shot rally in the 24-second video. The video was posted on Facebook last Friday by a local tennis club where the two are members.

Naturally, a few balls during the practice session did not make it across and bounced down into a private road below where the girls' fathers put them in plastic bags their daughters had affixed to the end of fishing poles.

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Spain PM plans to extend COVID lockdown after spike in deaths

Despite the World Health Organisation's warnings to not rush into easing the Coronavirus restrictions as it could lead to a resurgence of the disease, some of the affected countries have started to restart their economies.

Spain, which was also planning to ease the lockdown when the daily deaths dropped below 400, had to reconsid its plan after recording a spike for the second day on Wednesday. Another 435 people died in the past 24 hours, bringing the overall death toll to 21,717, said the authorities.


Pedro Sanchez, Spain PM

Spain has suffered the third-highest number of deaths in the world after the US and Italy, with infections now hitting 2,08,000 cases, health ministry figures showed. Monday's figure of 399 deaths was the lowest in four weeks, but a day later, it rose to 430 with officials explaining the numbers tend to go up slightly on Tuesday following delays in receiving regional data on weekend deaths.

The March 14 lockdown has been twice extended with Spain Prime Minister Pedro Sánchez seeking parliament go-ahead to prolong nation's state of emergency until May 9. "We must avoid missteps. If we stay on top of the virus and our health system maintains and reinforces that impression, then we will propose another step," BBC quoted him as saying.


A worker on a construction site on Wednesday in Cenon, France, as works resume after stopping several weeks; long lines built up outside the few McDonald's drive-thrus that started serving customers again; more than 10 million employees in France - one out of every two in the private sector - have been laid off during the lockdown. Pic/AFP

But from Sunday, the conditions are to be eased for youngsters in Spain, who have not been allowed out of the house for nearly six weeks under one of the most restrictive lockdowns in the world. From April 26, those under 14 will be allowed to go for a walk with one of their parents or accompany them on trips out to buy food, medicine or go to the bank.

Addressing MPs at Wednesday's parliamentary session, Sánchez said moves to ease the lockdown would likely begin in the second half of May. "The second half of May offers the prospect of a scaling-back [of the lockdown], of phase two of the fight" when the restrictions "will be modified", he said.
But the lockdown "will not be lifted until we are prepared for it because we are not going to take any risks," he said, insisting that "any optimism must be tempered by prudence".
'
"We must be incredibly careful in this phase," he said. "The scaling-back period will be slow and gradual, precisely because it has to be safe." Restrictions were also being eased in Denmark, Austria and France. In the US, too, some states were relaxing restrictions. The pandemic has infected over 2.5 million people and killed over 1,77,000 around the world.

Iran and Iraq continue to report new deaths

Iraq, which had on Tuesday partly eased the lockdown restrictions, recorded one more fatality, bringing the tally to 83 on Wednesday. The Health Ministry said the total number of cases reached 1,602 with 28 new cases, reported Anadolu Agency. In Iran, where local shops were reportedly allowed to open from April 20 but with social distancing in place, reported 94 new deaths on Wednesday. But the cases of infections was on the way down, it said. Health ministry said the fatalities detected in the past 24 hours took Iran's overall toll to 5,391; and infections climbed to 85,996 with 1,194 new cases. "If we arrogantly think that the job is done and we have won, then this would be the biggest problem that could affect us," President Hassan Rouhani said. Iran has struggled to contain the outbreak. Despite that, Iran has allowed many businesses to reopen since April 11 after shutting most down in mid-March to prevent the spread of the disease.

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Coronavirus Lockdown: Photo of sad dog looking at children playing from balcony is breaking hearts online

A photo of a sad bulldog looking at children playing from the balcony and not being able to join them in their games has gone viral amid the Coronavirus lockdown and is breaking hearts online.

Rebecca Ellis, the owner of the dog named Big Poppa said on Twitter that he loves playing with children and he is sad that he is not able to play with them due to the lockdown imposed to contain the deadly virus, but she has been trying to cheer him up.  "I've been trying but he loves children more than anything and not being able to play with them daily but he can see them... I think its taking a toll on him," she said.

In the caption of the photo, Ellis said, "Big Poppa has been so sad today, I think he miss(es) playing with the kids in the building.  He just watches them from the patio." The photo that has attracted attention from international celebrities too, got more than 656,100 likes and was retweeted over 72,300 times.

Among the users commenting on the photo is Game-of-Thrones fame Maisie Williams and popular TV show host Ellen Degeneres. The photo has been melting hearts with many asking the owner to hug the dog to cheer him up and introducing their pets to him.

What do you think about the dog’s photo?

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Indian girl brings smile on withered faces of US nursing home residents amid COVID-19 lockdown

Washington: Girls her age play Candy Crush or like watching cartoons, but 15-year-old Hita Gupta peps up hundreds of lonely Americans, including the elderly and children, marooned in nursing homes due to the COVID-19 lockdown by sending them gift packs and spirit-lifting notes.

The 10th-grade Indian-American student from Pennsylvania's Conestoga High School has an NGO 'Brightening A Day' and is using it to spread love, hope and joy among America's nursing homes' residents, especially senior citizens, to help them keep at bay their boredom arising from the COVID-19 restrictions.

Gupta brightens up their lives by sending them handwritten notes and gift packs containing puzzle and colouring books and a packet colour pencils.

"It saddens me to think of how lonely or depressed many nursing home residents feel because they cannot see their loved ones. Our seniors are already one of the most isolated groups. A research has shown that more than 40 per cent of seniors regularly feel lonely," Gupta told PTI in an email interaction.

"During this uncertain time, which is causing panic among many seniors, it's our responsibility to let them know that they are not alone. I initially started sending gift packs to nursing homes using self-funding. Now, I have sent them to residents of 16 local nursing homes," she said.

Each gift pack contains one puzzle book, one colouring book, and a pack of colour pencils/crayons, Gupta said. "It also contains an uplifting note written by my 9-year-old brother Divit Gupta," she said.

Her NGO has reached more than 2,700 kids and seniors in 50 hospitals and nursing homes in seven different States in the US with hand-made cards on holidays like Christmas and Valentine's Day. "We have also sent school supplies and cards to orphanages in India," Gupta said.

Gupta's initiative has won her praise from one and all.

"Need some inspiration? 15-year-old Hita Gupta, from Pennsylvania, USA, is brightening the lives of nursing home residents with gift packs through her NGO, Brighten A Day," the US Embassy in New Delhi wrote on its Facebook page.

"She aims to lift the spirits of those who are in need of some cheer by sending them love, hope, and joy through cards and gifts. During the COVID-19 lockdown period, she is sending handwritten notes and gift packs to cheer the residents and help them overcome loneliness and isolation. More power to you Hita!" the embassy said.

Nursing homes throughout the US are limiting the interaction of senior citizens who remain mostly confined to their rooms. Outsiders are also prohibited form visiting them, resulting in feelings of loneliness and isolation in many of them.

The US is the worst affected country from the coronavirus, with 842,000 infections and over 46,000 deaths reported so far. According to Centre for Diseases Control and Prevention, eight in every 10 deaths due to the coronavirus reported in the US are adults, and people who are 65 years old or above.

Globally, the coronavirus pandemic has claimed over 185,000 lives and infected more than 2.6 million people, according to the Johns Hopkins University data.




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Belgian Prime Minister unveils plan to lift lockdown

Belgian Prime Minister Sophie Wilmes has announced a detailed plan to gradually lift the country's coronavirus restrictions, the media reported on Saturday.

After hours of discussions on Friday, Prime Minister Wilmes announced a timetable to gradually end the country's lockdown, which began on March 12, reports the BBC. The first businesses to open will be fabric shops on May 4 in order to help people comply with new regulations requiring all Belgians aged 12 or over to wear masks on public transport. Other shops will reopen a week later.

Schools will return from May 18, but no more than 10 children will be allowed in each class. Cafes and restaurants will not be permitted to open before June 8. But Wilmes warned that "nothing is set in stone". At least 44,293 people have tested positive for the virus in Belgium as of Saturday, according to the Johns Hopkins University tally.

A total of 6,679 deaths have been recorded in the nation of 11.4 million - the highest rate per capita in Europe. More than half the fatalities have been in care homes. A number of other European countries have already announced measures to ease their lockdowns, the BBC reported. On Friday, the Czech Republic ended restrictions on free movement which had been put in place to help halt the spread of coronavirus.

Sme shops have already reoopened in Germany and schools will gradually reopen from May 4, although bars, cafes, restaurants, cinemas and music venues will all remain closed. Meanwhile, Poland's Health Minister Lukasz Szumowski called for a two-year delay to the presidential election - due to take place in two weeks' time - saying it was the safest situation given the pandemic.

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Virus lockdown raises tensions in poorest areas of France

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

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

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

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

Boris to be back to work from Monday

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

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Coronavirus Lockdown: Six-year-old boy's drive-by, walk-by joke stand wins hearts online

A six-year-old boy has been cheering up his neighbours with one joke at a time amid the distressful Coronavirus pandemic and the agonizing lockdown that followed, by putting up a joke stand outside his home in Saanich, a town in Canada's British Colombia.

A picture of Callaghan McLaughlin, sitting at his 'Drive-by, walk-by joke stand' with a wide smile was shared by his mother Kelsea on Instagram, where he has earned praises for his adorable efforts to make people smile. His mother requests in the caption to listen to a joke from him.

According to the CBC, Callaghan only knows 16-17 jokes which he learned from a joke book his mother gave him, and with these jokes, he does the best he can to make people have a hearty laugh.  The mother-son duo missed interacting with their neighbours due to the lockdown and came up with this idea that helps people cheer up.

 
 
 
View this post on Instagram

Please drive by and hear a joke from this kid 🥰 . . . #driveby #walkby #kidhumour #togetheryetapart #cadborobay

A post shared by Kelsea Murray-Roxburgh (@kelseamclaughlin) onApr 14, 2020 at 9:00am PDT

The post shared on Instagram received 188 likes with many users lauding him for his adorable effort to bring a smile on the faces of people. One user said, "What a sweet thing to do. You are a blessing." Another user said, "This is actually amazing! Well done Callaghan." A user commented, "This is so precious."

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Emerging from lockdown: '46 days in the house was enough'

From the US to Europe and Asia, people in many parts of the world are emerging from their homes as virus-related restrictions begin to ease and springtime temperatures climb.

Chinese were flocking to tourist spots, many newly reopened, after a relaxation of domestic travel restrictions ahead of a five-day holiday that runs through Tuesday.

Nearly 1.7 million people visited Beijing parks on the first two days of the holiday, and Shanghai's main tourist spots welcomed more than a million visitors, according to Chinese media reports. Many spots limited the number of daily visitors to 30 per cent of capacity or less, keeping crowds below average.

Masks were worn widely, from runners in Spain to beach-goers in the southern US. "It's great to have an audience after all these weeks," saxophonist Julia Banholzer, a native of Germany, said.

New Jersey reopened state parks, though several had to turn people away after reaching a 50 per cent limit in their parking lots. Margie Roebuck and her husband were among the first on the sand at Island Beach State Park. "Forty-six days in the house was enough," she said.

In Spain, many ventured out Saturday for the first time since a lockdown began on March 14. "I feel good, but tired. You sure notice that it has been a month and I am not in shape," Cristina Palomeque said in Barcelona. Prime Minister Pedro Sánchez asked citizens to remain vigilant. COVID-19 has caused over 25,100 deaths in Spain.

The divide in the US between those who want lockdowns to end and those who want to move cautiously extended to Congress. The Republican-majority Senate will reopen Monday, while the Democrat-controlled House of Representatives stays shuttered.

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Top UK government scientist behind lockdown move breaks rules, quits

A top UK government scientist, who was behind the country's strategy to impose strict lockdown measures to curb the spread of coronavirus, has resigned after a media report revealed that he broke the rules and allowed a woman he was said to be in a relationship with to visit his home during the lockdown. Professor Neil Ferguson, an epidemiologist whose modelling convinced Prime Minister Boris Johnson to press ahead with a UK-wide lockdown, quit the Scientific Advisory Group for Emergencies (SAGE) after allegations emerged in The Daily Telegraph. He admitted that he had allowed a woman Antonia Staats to visit him at his London home after travelling across the UK capital from her home, which she shares with her husband and children, on at least two occasions.

The movement goes against the very strict stay at home and save lives advice of the government, put in place by British Prime Minister Boris Johnson prompted by the scientific team led by Ferguson. The incidents took place soon after the 51-year-old leading epidemiologist from Imperial College London had completed a two-week spell self-isolating after testing positive for coronavirus. "I accept I made an error of judgement and took the wrong course of action. I have therefore stepped back from my involvement in SAGE, said Ferguson after the report.

"I acted in the belief that I was immune, having tested positive for coronavirus and completely isolated myself for almost two weeks after developing symptoms. I deeply regret any undermining of the clear messages around the continued need for social distancing," he said. The scientist, however, stressed that the government's advice on social distancing remains "unequivocal", adding that it was there "to protect all of us". UK Security Minister James Brokenshire said the senior scientist "made the right decision" and that the government will "continue to be informed" by SAGE.

"We have a range of experts that will continue to support ministers," he said. The first of the visits by Staats, 38, was on March 30, which coincided with a public warning by Prof Ferguson that the UK's one-week-old lockdown measures would have to remain until June. Staats, a left-wing campaigner, made a second visit on April 8 despite telling friends she suspected that her husband, an academic in his 30s, had symptoms of coronavirus, the newspaper report claims. He has peculiarly breached his own guidelines, and for an intelligent man I find that very hard to believe. It risks undermining the government's lockdown message," said Conservative Party MP and former minister Ian Duncan Smith.

Ferguson's resignation comes a month after Scotland's Chief Medical Officer, Dr Catherine Calderwood, had to resign when it was revealed she had broken lockdown rules by making two trips back and forth to a second home. Under the government's guidelines in the UK, people are expected to stay at home and allowed to move out only for one form of daily exercise and essential shopping.

The measures have been in place since March 23 to try and flatten the curve of the rising number of cases of COVID-19, the UK death toll from which reached 29,427 on Tuesday the highest number of virus deaths in Europe. However, figures from the Office for National Statistics (ONS), which includes deaths where the virus is suspected and not just where tests have been carried out, brings the total number even higher to 32,375.

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

Posted by Equitymaster
      

Indian share markets ended their trading session lower yesterday.

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

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

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

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

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

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

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

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

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

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

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Top Stocks in Focus Today

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

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

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

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

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

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

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

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

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

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

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

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

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

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

GSK Sells Stake in HUL via Block Deal

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

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

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

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

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

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

Yes Bank Q4FY20 Results

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

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

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

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

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

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

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

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

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

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

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

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

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

This is evident from the chart below:

India's Huge Lending Opportunity

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

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

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

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

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

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

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

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

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



This article (Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today) is authored by Equitymaster.

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




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