Liverpool striker Divock Origi said it will be painful if they don't win the Premier League title despite being 25 points ahead at the top when the season was stopped abruptly in the wake of coronavirus pandemic.

The Belgian, however, agreed that safety of players and fans is the most important thing in these unprecedented times and there are things in life which just cannot be controlled.

"It would be painful if we can't get that title now. But there are things in life you cannot control. Safety is the most important thing now," Origi told Het Laatste Nieuws as per Daily Mail.

The Reds were on course for their first-ever Premier League title before the season was stopped on March 13. The last time Liverpool lifted the league trophy was 30 years ago, before the Premier League era.

Jurgen Klopp's troops lead the way with 82 points in 29 games while second-placed Manchester City remain 25 points behind with one game in hand.

Former Liverpool defender Fabio Aurelio had earlier said that the Reds should be declared champions if the current season cannot be finished.

"Even if the title is not officially recognised, everyone knows that the title belongs to Liverpool," the 40-year-old said in an interview to Globo Esporte news portal.

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Brazilian footballer Neymar is reportedly ready to take a 50 per cent pay cut on his existing Paris St. Germain deal to force through a move back to former club Barcelona.

After spending four trophy-laden years in Spain, Neymar joined PSG in 2017 for an eye-watering sum of 198 million pounds.

Reports have time and again surfaced that the star forward is unsettled in France and wants a Barca return in order to once again link-up with close friend Lionel Messi.

According to Spanish outlet Mundo Deportivo, Neymar is ready to sacrifice half of his 600,000 pounds per week salary at PSG in order to make a sensational return to Barcelona.

Barcelona was Neymar's first club in Europe and he won two LaLiga titles, three Copa del Reys and the Champions League once with the Catalan giants.

Barcelona stars have also spoken about their admiration for Neymar and aren't against his return despite his unceremonious exit from the club few years ago.

"Everybody knows 'Ney', we all know the affection we have for him in the dressing room," Suarez was quoted as saying by Mundo Deportivo last month.

"His ability is indisputable and he still has so much to show. He will always be welcome in the changing room, we appreciate him a lot."

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Football superstar Cristiano Ronaldo flew back to Italy on Monday after almost two months in Coronavirus lockdown in his native Madeira, Portugal, but he is continues to help with donations during this COVID-19 pandemic.

Lokomotiv Moscow's Portuguese player Joao Mario has told British tabloid, The Sun that Cristiano is donating money to lower league players in Portugal, who are financially hit due to the pandemic.

"It's a bad situation for everyone but in these kinds of situations, it's worse. They [Portugal's lower league players] really need our help. Cristiano presented us an initiative for us all to help especially those players that are struggling, that do not have professional contracts," said Joao.

Meanwhile, Manchester City star Bernardo Silva said, "Ronaldo suggested that Portugal players should donate 50 per cent of their Euro 2020 qualification bonus towards a players's fund in the Portugal Football Federation."

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Algeria international Farid El Melali will be tried for indecent exposure after allegedly masturbating in public, AFP learned on Tuesday on the Angers winger's 23rd birthday. El Melali was questioned by police in Angers late on Monday after his neighbours claimed they caught him exposing himself in front of a building where a woman was staying.

The forward admitted to police to having an "inappropriate attitude", according to his lawyer Sandra Chirac-Kollarik, and thought he was alone in the courtyard of the building. "He wasn't targeting anyone, and wasn't aggressive towards anyone," Chirac-Kollarik said. The public prosecutor's department said El Melali had committed a similar act in April but the same victim was unable to identify the individual.

El Melali, who signed a new contract with the Ligue 1 club on Monday, was released but will face trial in terms of an appearance prior to an admission of guilt. His side, who he joined in August 2018, said they had taken note of his situation and added they "would wait for the decision." In February, the outfit from western France's president Said Chabane had been questioned for "aggravated sexual aggression" following accusations from within the club.

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A video of Hertha Berlin forward Salomon Kalou shaking hands with his team-mates "shocked" key German politicians, who are set to decide Wednesday whether the Bundesliga can resume next month. "The video has done the German league (DFL) and professional football a disservice," Anja Stahmann, chairwoman of Germany's regional sports ministers, told radio station RBB on Wednesday. "I have heard from colleagues that they are shocked and shaken.

"We were struck by great doubts when we watched the video," admitted the sports senator for the state of Bremen. "I got the impression that good rules were being written down on paper, but that they were not actually being lived out." The Bundesliga is set to be given the green light by the government on Wednesday to resume later this month behind closed doors and with strict hygiene measures in place.

Germany's regional sports ministers have already approved the Bundesliga's plans to resume, but Stahmann said Ivory Coast international Kalou's video left a bad impression. "Some people think the Bundesliga has lost its grip in times of a pandemic," Stahmann added. On Monday, the former Chelsea forward was suspended by Hertha after posting a video to Facebook showing him greeting team-mates and club employees with handshakes, flaunting hygiene guidelines laid out by the league. Kalou apologised for disregarding the social distancing rules, saying: "it was a big mistake".

The 34-year-old also said he could understand how his video, shot in the dressng room, caused shockwaves as the league was seeking permission to return to action. Kalou has scored 48 goals in 151 Bundesliga games for Hertha, but is out of contract at the end of the season and could have played his last game for the club. "It was respectless and I want to apologise for that sincerely," he added.

"But I am about more than those five bad minutes that people see of me in the dressing room." However, Kalou's video drew criticism from the top of the German government. Health minister Jens Spahn said it was "right" that Hertha suspended Kalou and there were "consequences after the video".

Bavaria's premier minister Markus Soeder said the league has developed an "excellent" hygiene concept but "there are individual players, as we have read, who are behaving very, very poorly".

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The virtual war between WAGs Rebekah Vardy, 38, and Coleen Rooney, 34, is far from over. It is learnt that Rebekah, wife of Leicester City footballer Jamie Vardy, wants a public apology from Coleen, the wife of former England captain Wayne Rooney, for accusing her in October of leaking fake stories to the press via social media.

While both ladies are currently locked in a legal battle, it is learnt that they will have an arbitration meeting on Zoom this week in a bid to avoid a costly court case, reported British tabloid, The Sun.

"Becky [Rebekah] is adamant she's done nothing wrong and has told her team she wants a public apology," an insider told the newspaper. "She was hurt that Coleen went straight on social media to lay the blame at her door, rather than speaking to her privately. She has maintained her innocence throughout and doesn't want this to be brushed under the carpet without Coleen publicly apologising," added the source.

The two used to be good friends before Coleen claimed in October that Rebekah's Instagram account had been leaking false stories to the press. Subsequently, Rebekah endured a lot of abuse on social media.

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Portuguese footballer Bernardo Silva has reportedly found love during the ongoing Coronavirus-caused lockdown.

The Manchester City star, who split from his French model girlfriend Alicia Verrando two years ago, is said to be in a relationship with Portuguese model Ines Tomaz.

According to a report in the Portuguese media, Bernardo has been in lockdown near Lisbon in Portugal with Ines for over a month, but the couple are not keen to rush into things.

"They've not been together for very long and they want to take things slowly," a source told Portuguese newspaper Correio da Manha.

It is learnt that Bernardo and Ines have been watching Netflix, playing the piano and even learning to cook together. Bernardo revealed last week that he was in quarantine with a group, including Ines, and had even posted a picture of the bunch on social media.

"Hey guys, it's been over a month that we're all locked down in our homes so I have decided to show you a little bit of what our quarantine looks like. This is the group of friends with whom I'm spending my quarantine," he wrote.

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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.

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

*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.

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.

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

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Rafael Nadal thinks the global nature of tennis means there is little chance tournaments will go ahead any time soon as sport continues to be paralysed by the coronavirus pandemic. Novak Djokovic also anticipates a lengthy delay before tennis can be played even behind closed doors, with the world number one expecting players to have to wait a "few months". The French Open, which Nadal has won a record 12 times, has been postponed until September, shortly after the US Open, while Wimbledon was cancelled earlier this month for the first time since World War II.

But the prospect of either grand slams at Roland Garros or Flushing Meadows being played with fans appears increasingly remote. "Tennis is a global sport," Nadal told Spanish radio station Onda Cero on Wednesday night. "We go from country to country and a lot of people have to move around.
"It seems difficult to me for any big tournament to be played in the short or medium term."

Football's major leagues are preparing to play behind closed doors for several weeks to complete their seasons and avoid losing considerable sums of money from broadcasting contracts. But tennis tournaments are more reliant on fans for their income, making it more complicated to stage competitions in empty stadiums. "It is not an easy decision," Djokovic told the same programme.

"I am ready but I think we have to wait a few months." "If you could play behind closed doors, I would be delighted but I think it's very difficult," added Nadal.

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Russian tennis beauty Maria Sharapova turns 33 on Sunday, but the celebrations already began for the former World No. 1, a day earlier. On Saturday, she shared this picture of a cake with her four million Instagram followers and captioned it: "This little piece of cake goodness arrived at our doorstep this morning [happy early birthday to meeee] and didn't make it past noon."

 

 

 

View this post on Instagram

A post shared by Maria Sharapova (@mariasharapova) onApr 17, 2020 at 5:18pm PDT

Originally known as a German tree cake, the Japanese got some skin in the game and crafted several versions of their own. It's one of my favourite morning coffee indulgences. Thank you, Yutaka!!"

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20-time Grand Slam champion Roger Federer came up with a radical proposal regarding the future of international tennis. The Swiss superstar suggested a merger between men's tennis body ATP and women's governing body WTA.

Federer believes this could be the right time for a merger between ATP and WTA for the betterment of the sport. The former World No.1 also explained that he isn't asking for competitions being merged but only the governing bodies.

"Am I the only one thinking that now is the time for men's and women's tennis to be united and come together as one?" Federer wrote on his Twitter handle.

"I am not talking about merging competition on the court, but merging the two governing bodies (ATP and WTA) that oversee the men's and women's professional tours."

"It's too confusing for the fans when there are different ranking systems, different logos, different websites, different tournament categories," he wrote further.

The entire sporting calender of the world is reeling due to Covid-19 pandemic and tennis is not different. The season has been put on hold with multiple tournaments being postponed or cancelled.

The second slam of the year, French Open, has been postponed from May to September while the Wimbledon was cancelled earlier this month in the wake of coronavirus crisis. Wimbledon had only been cancelled twice before, because of World War 1 and World War 2.

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Former Slovak tennis star Daniela Hantuchova has launched her own podcast, The Real DNA, where she plans to have people who have inspired her, as guests on her show. After retiring in 2017, Daniela, 37, has been a tennis commentator for the past couple of years.

"The reason behind launching a podcast was that I love to communicate and learn from all the inspiring people I have in my life. I thought it would be nice to able to share their stories and their real DNA with our listeners. At the end of the day, one of the things I cherish the most in life is being able to sit down and have a cup of coffee with people I love, my family, friends, and people I admire, and listen to their stories and their experiences in life," she was quoted as saying by Tennis World USA.

"I believe the most inspiring people I've encountered in life share certain core values as humans that have helped get them where they are, whether in sports or somewhere else. I want my listeners to get to know these people and understand those core values," she added.

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Russian tennis ace Maria Sharapova has allegedly flouted the strict Coronavirus-caused lockdown rules in the US, where over 55,000 have died due to the pandemic.

According to British tabloid, The Sun, Maria, 32, recently visited some friends around Los Angeles with boyfriend Alexander Gilkes, 41, whom she has been dating since 2018.

Maria was photographed on Friday, relaxing on a balcony alongside another couple at a Manhattan beach pad.

The quartet were in clear breach of the two-metre social distancing norm that has been laid down by the authorities in LA where there have been 850 COVID-19 deaths
till date.

A few days ago, Maria had announced on Instagram that she was heading to a friend's beach house. "Last night, we took a sunset road trip along PCH, picked up lobster brioche rolls from @broadstreetoysterco drive thru and made our way to a friend's beach house," the 2004 Wimbledon champion wrote.

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Tennis stars like Serena Williams, Maria Sharapova, Naomi Osaka, Kei Nishikori and others will participate in a virtual charity tennis tournament. IMG is the company coordinating the tournament titled "Stay at Home Slam" and it will be streamed on Sunday on Facebook Gaming and on the tennis Facebook page of IMG. Two-person teams will compete using the Mario Tennis Aces game on Nintendo Switch.

Competitors will play the video game from their homes across the country, and each will receive $25,000 donated to the charity of their choice, with the winner of the tournament receiving an additional $1 million in donation. "I am proud our IMG tennis clients came together so quickly to support a multitude of great causes," said Max Eisenbud, SVP of tennis clients at IMG as per the official website. "It is a testament to the people we work with across all our divisions that we were able to bring this to life in such a short amount of time."

"It's been incredible to see the creative ways athletes are using social media to support people during this difficult time," said Evan Shugerman, Facebook Athlete Partnerships Lead. "We're excited to be partnering with IMG to contribute to those efforts, which will bring some of the world's top athletes together on Facebook for an entertaining and impactful competition."

Legendary tennis player John McEnroe and popular YouTube personality iJustine (Justine Ezarik) will be commentating the matches.

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Five-time Grand Slam champion Maria Sharapova has revealed that fellow tennis star and World No.1 Novak Djokovic was once fanboying on her over dinner. During an Instagram Live chat with the Serbian ace, Sharapova, who called time on her illustrious career in February, said: "I remember we played this little exhibition. I was young, you were young, way before you had any Grand Slam titles. I don't know if you'd even won a tournament at that point," said Sharapova. This part of the chat was shared by ATP Tour on their official Twitter handle.

"We're not going to start hugging trees, right?"@MariaSharapova with the one-liners for @DjokerNole today. 🤣#tennisathome pic.twitter.com/bweyZMuJ2v

— ATP Tour (@atptour) May 5, 2020

"You said that if you'd win (in a mixed doubles match), I would have to pay dinner. I was like, ‘Okay, whatever, who is this kid?'" Sharapova recalled. "You won and you were like, ‘We have dinner tonight. We're going to the Japanese place!' I was like, ‘Are you serious? You and me, going to dinner, tonight?' So we did. We ended up going to dinner and it was so funny because you pulled out I think it was an old Kodak camera and you asked the waiter to take a photo of us… and here we are," she further said.

"It's actually what happened. Maria is saying the truth," Djokovic said, laughing. "I think you were fanboying," Sharapova replied. Djokovic recently said that he was "mentally empty" and "confused" at the beginning of the ongoing freeze of the tennis calendar due to the coronavirus pandemic.

The sport has been on a full stop for over a month due to the pandemic outbreak.

Novak Djokovic

Djkovic has enjoyed a revival in form after a slump in late 2017 and most of 2018. He was set to defend his Wimbledon title this year before the grass court Grand Slam was cancelled for the first time since the Second World War.

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Moldovan tennis player Dmitrii Baskov has been hailed as an Indian hero after joining a campaign to feed Ahmedabad's poor, who are struggling during the COVID-19 pandemic. The Davis Cup player arrived in India in January to visit a tennis academy before the advancing pandemic prevented him from returning home. Dmitrii, 25, once a hitting partner for Wimbledon champion Simona Halep, has since been helping out by packaging food for the needy in Ahmedabad.

He is among a team packing bread, rice and other dishes at the Ace Tennis Academy, destined for the city's slums and containment zones. "My friend Pramesh Modi mentioned this [idea of feeding the poor] and I said yes, sounds great and the next day we did it and it continued day after day," said Dmitrii. "He is an Indian hero and could be a role model for a number of Indians who have not come out of their houses to even help out in one way or the other," said Mitul Parikh, who packs food alongside Dmitrii.

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Spain's tennis ace Rafael Nadal, who is in self-isolation due to the COVID-19 pandemic, is trying to remain positive but is getting affected by the suffering of the people around him.

"I am a sentimental person, who is affected by things, and to see so many people suffering so much, so many people who have lost family their members without being able to even say goodbye...," the World No. 2 was quoted as saying by Tennis World USA.

The 19-time Grand Slam champion urged his fans to keep moving forward. "In the end, being able to give your brother or sister a hug will relieve some pain, and imagine that they have not been able to do it. You have to be positive and keep moving forward. There is no other choice. I am a super lucky guy." he added.

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The Maharashtra Tourism Development Corporation (MTDC) is working on a tie-up between hospitality provider Airbnb and locals for offering home-stay to tourists visiting the Elephanta Caves island located in Mumbai Harbour. The policy aims to overcome the security concerns due to high security installations facing the island that does not allow construction of hotels and night stay.

Tourism Minister Jaykumar Rawal said the 29th two-day Elephanta Festival, beginning January 27, will be held on the island itself again. After the 2008 Mumbai terror attacks, the festival venue was shifted to the Gateway of India in south Mumbai. "Seventy years after Independence, the island is soon to get proper electricity connection depending upon the testing of the electricity meters," the minister said. Rawal said there are about 1,200 to 1,500 homes on the Elephanta island, also known as Gharapuri Island, located east of Mumbai.

The minister said no new constructions are allowed on the island due to high-security installations of ONGC and the Navy. The Caves are declared a heritage site by the UNESCO and protected by the Archaeological Survey of India (ASI). Rawal said the government in a tie-up with the Mumbai Port Trust and the Hindustan Petroleum Corporation Ltd (HPCL) is planning a cable car over the sea for travelling to the island. The island is expected to get proper electricity connection within a week's time.

"The Elephanta festival will coincide with the culminating phase of the Mumbai Shopping Festival that will end on January 31," he said, adding that the Elephanta fest will comprise activities like treasure hunt at Elephanta, a sculpture and a painting contests with prize money. Besides this, the festival will have art, dance and music performances by Zia Nath, Sangeeta Trivedi, Sumeet Nagdev, Hans Raj Hans and others, Rawal said.

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Are you really bored of the routine and look to have a fun-filled vacation? Here your quest ends as the Good Friday long weekend is approaching and then you can plan to have some adventure for your lifetime. Though our country offers a vast number of adventure activities, it is always difficult to choose one out of them. It is really important to decide a right adventure sport at a right place to have the best utilization of your vacation. In order to help you we have list down some of the best places for you to consider this long weekend. We promise that these sports not only stimulate adrenaline rush but also help you to become fearless:

Bungee Jumping in Rishikesh
Bungee Jumping is an exciting and thrilling adventure sport. It is an ill-advised sport for the faint hearted. You might be surprised that though a lot of people take the initiative to try it out, but most back off just before the jump. First a long, extremely strong and stretchy cord is tied around the jumper's ankle, which leaps off of the jumping point. Jumpin Heights offers adrenaline-pumping activities such as Bungee Jumping, Flying Fox, and Giant Swing. Recognised by Ministry of Tourism, Govt. of India, the organization follows Australian and New Zealand Standards for Safety Regulations. Built above the glorious river Ganges, Jumpin Heights is host to India's first highest Bungee jumping platform (83 meters).jumpinheights.com

Wildlife Safari in Ranthambore National Park
For the wildlife adventure enthusiasts, Ranthambore National Park in the Sawai Madhopur district of Rajasthan is a celestial destination. Known to be one of the best parks to spot the majestic Indian Tigers, the park is also the home to several other endangered species. The Ranthambore wildlife sanctuary is popular for being India's largest National Park. It encompasses the Sawai Man Singh Sanctuary and the Keladevi Sanctuary and hence covers approximately a stretch of 1300 Sq. Km. The park welcomes all you adventure enthusiasts, wildlife photographers and nature admirers to be awe struck by its glory

Cycle Trekking in Himalayan
The mountainous region delivers a special kind of excitement to the adventure junkies. The great topography of India will let you experience this excitement. For cycle trekking, the Himalayan range and the mountainous regions of Kerala are the most favorite for the activity. One can ride individually or in groups to rejuvenate their senses.

Desert Camping in Jodhpur
For those, who crave for fun and adventure in the arid deserts of Rajasthan, Jodhpur proves to be an ideal destination. Also known as the 'Sun City', the adventure junkies can opt for desert camping along with bonfire, barbeque dinners and village tours in Jodhpur.

River Rafting in Rishikesh
The gushing waters of Ganges makes river rafting in Rishikesh one of the most exhilarating adventurous sports. Embraced by the majestic Himalayas and enveloped by the lush green vegetation, the divine city of Rishikesh invites all you adrenaline Junkies, to encounter some thrill. The Ganga River flowing through the city offers rapids ranging from Grade-I-V and makes it for an ultimate rafting destination in the country.

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Portugal. Pic courtesy/YouTube

With mild climatic conditions and more than 3,000 hours of sunshine a year, Portugal makes for a perfect holiday destination. Not only these but also 850 km of fabulous beaches and a valuable heritage add to the country's beauty. Also, if you are a food lover and have a taste for Mediterranean-influenced cuisine that is rich in flavours and aroma, then you must plan a trip to this southern European country soon.

If you are fond of beaches, then these are some of the best places to visit in Portugal:

1. Porto E Norte: It was in the Porto and in the North regions that Portugal was founded in the 12th century. The region is crossed by the River Douro which enters Portugal between the ravines and mountains of the interior to flow through the entire world heritage landscape where the Port and Douro wines are produced. In this area of mountains and natural parks, the region¿s heritage is seen in its castles, such as the one in Guimarães, and the shrines and churches which are the stage for pilgrimages in the summer.

2. Centro de Portugal: In the interior of the country, there are mountains and villages of granite and schist. Serra da Estrela, the highest peak in mainland Portugal, is the star of the mountains, with its endless landscapes and glacial lagoons. But there are also the Lousã, Açor and Caramulo ranges, where you can discover nature by hiking or by bike.

3. Lisboa Region: Lisbon is the place to be! Frequently chosen as one of the best destinations in Europe, the capital of Portugal is an old city, full of history and vestiges of the past and yet, at the same time cosmopolitan, multicultural, full of culture and life. From historical and heritage areas, from the Baixa Pombalina to Belém (where only yards separate the Jerónimos Monastery and Belém tower, both classified as UNESCO World Heritage Sites, together with the Monument to the Discoveries), to the newest part of the city ¿ Parque das Nações with its fabulous Vasco da Gama bridge (the longest in Europe and one of biggest in the world),to the characteristic neighborhoods of Alfama, Mouraria, Sé and Bairro Alto, with their winding streets, centuries-old houses and traditional shops, Lisbon is always surprising.

4. Alentejo: A land of Great Plains, cork oaks, vineyards, and excellent wines, of immaculately whitewashed houses, the Alentejo is also a land of outstanding beaches, some almost deserted in the hottest summer months. The largest continuous stretch of beaches in Europe for about 60 km long is perfect for a few days' rest and relaxation, but also for lovers of surfing and other water sports, who will find plenty of options here.

5. Algarve: With a coastline stretching 230 kilometers, more than 130 beaches, the beaches in Algarve are constantly ranked as some of the most beautiful beaches in the world and considered as Europe's Best Beach Destination by the World Travel Awards. The sea, which is always inviting for a dip or a wide range of water sports, the mild temperatures and award-winning golf courses, the Algarve also offers gastronomical experiences.

6. Azores: In the middle of the Atlantic, nine small islands surprise with their absolutely stunning landscapes. The Azores are an archipelago of rare beauty, full of tradition and history, with plenty of leisure activities for the whole family, both at land and sea. In Sao Miguel, the largest island and home to the capital Ponta Delgada, you must visit the incredible volcanic lakes of Sete Cidades, Fogo and Furnas.

7. Madeira: Madeira is a green oasis, with incredible natural beauty, right in the Atlantic Ocean. With two-thirds of its landmass, a protected area and the largest Laurissilva Forest in the world, a world heritage site, flowers and exotic fruits abound here all year round, thanks to the almost tropical climate. Those who enjoy outdoor activities and different degrees of challenge in walks along the levadas (old irrigation canals) or mountain trails that open out into lush landscapes and unique biodiversity will find the perfect destination here. The capital, Funchal, has an interesting history linked to the days of the discoveries and holds various events throughout the year, such as the Madeira Flower Festival, Carnival and the always spectacular fireworks that mark the beginning of the New Year.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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The new BJP-led government in Tripura is keen to boost employment in the state by encouraging tourism around sick tea gardens and boost income of farmers by exporting an exquisite variety of pineapple to Dubai and Hong Kong.

Officials said that hotels, motels, restaurant and lodges will be created near sick tea gardens to encourage tourists to visit and stay there.

"These tea gardens, which are not doing too well in terms of business, are located in serene environment and are surrounded by natural beauty. Once infrastructure is created, tourists are sure to visit these places. It will help create local employment besides helping tea gardens market their produce," an official said.

He said the state government is keen to make Tripura famous within and outside the country for "queen" pineapple.

The Tripura Queen pineapple got the GI tag in 2015.

Officials said that production of queen variety of pineapple, known for its pleasant aroma, sweet taste and golden yellow colour, has faced some constraints as producers do not get a very good price owing to their facing problems in export.

"We have now decided to tap international market for this pineapple variety and have identified Hong Kong and Dubai as prime destinations for export. We are sure that the queen variety will establish itself in the international market due to its sweetness and unique aroma," an official said.

He said that transport arrangements have already been put in place for export of the pineapples and the state government has set an ambitious target.

"The purpose is to ensure that the farmers get double the price of their product. Today they are getting about 15 per pineapple but if their product is sold in foreign countries, they would get double the price of their produce," the official said.

Tripura Chief Minister Biplab Deb told IANS over phone that his government has taken various measures to boost agriculture and tourism sectors.

"Tripura has immense potential in agriculture and the tourism sector but it was not utilised in 25 years of CPI-M rule. We will make Tripura a world class tourism destination and would ensure that the farmers of the state get proper dues for their produce," he said.

"We are taking various measures. We are focusing on branding of some of our special produce. We are talking to every stakeholder and also trying to get into foreign markets," he said.

Deb said the steps are in line with the NDA government's efforts to double the farmers income by 2022.

Officials said that productivity of pineapple in Tripura at 18.73 tonnes per hectare is higher than the national average of 15.80 tonnes.

They said that people know about Assam tea and Darjeeling tea but Tripura, despite having special variety of tea leaves, has not been able to earn a similar reputation.

Tripura has a history of tea plantations going back to 1916 but these suffered during the spells of insurgency in the state. Some tea gardens have also faced problems related to infrastructure, modernisation and management.

The officials said that decisions to boost employment through tourism and agriculture export is in line with the BJP's pre-poll promises.

The party had assured to establish Directorate of Tea Gardens for scientific development of tea and facilitate the socio-economic development of tea plantation workers.

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Despite the scorching heat, Goa remains the most popular Indian holiday destination, followed by Jaipur, according to a study conducted by a leading travel portal.

Thanks to budget-friendly stay options and heavy discounts on flights, Indians also prefer short-haul international destinations such as Dubai and Singapore, according to a study by ixigo, based on bookings on its website.

The difference in domestic airfares for peak and off-season is about 45 per cent and for international airfares is about 18 per cent, said a statement.

As for stay options, while Indians prefer to keep a low hotel stay budget, they wouldn't mind paying extra for a great view at a beach or hill station.

Around 47 per cent tourists prefer to stay at 4/5 star hotels during summer holiday in Goa vs 62 per cent who prefer more pocket friendly accommodation options in Jaipur.

ixigo CEO and Co-founder Aloke Bajpai said: "It was interesting to find that travellers no longer worry about seasonality while picking a summer holiday destination. Places such as Goa and Dubai have become round the year tourist hubs! Off-season travel can be quite beneficial.

"Not only do you avoid all the rush, but you also save considerably on hotels and flights. If we compare flight fares from last year, average domestic fares for the summer season have dropped by around 9 per cent and average international fares have dropped by around 19 per cent. This, plus additional discounts offered by travel portals such as ixigo, enable travellers to plan trips, even on smaller budgets."

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

A still from Nuclear Hallucinations

Fathima Nizaruddin

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

Sofia Ashraf. Pic courtesy/Pretika Menon

Mohammad Muneem Nazir

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

Parmesh Shahani

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

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

Ahead of her first trip to India, biker Leslie Porterfield, the world's fastest woman on two wheels, relives her record, worst crash and the growing number of Indian women on the riding circuit

At 16, Texas-based Leslie Porterfield bought a Yamaha Virago 1000, her first motorcycle, as an inexpensive mode of transport. It arrived in a box, and most people told her she wouldn't be able to get it running. However, she bought a manual, sought the advice of local mechanics, and put it together.

Leslie Porterfield

In fact, Porterfield loved riding it so much that just a year later, she went on to buy a sports bike (Honda CBR600). This was in the early '90s. "That's when my interest in racing began," recalls the 41-year-old mother of twins. She holds the Guinness World Record for being the fastest woman in the world on a motorcycle, which she set in 2008 with a speed of 232.522mph at Bonneville Salt Flats in Utah, USA.

On November 24 and 25, Porterfield will be in Goa for the fifth edition of India Bike Week, a fest that will witness a gathering of over 20,000 bikers to celebrate all things riding. Here, she will host a motorcycle stand and present awards for various achievements. Excerpts from an email interview:

Tell us about your most interesting motorcycle journeys.
Motorcycles gave me a sense of freedom and connection with nature while riding. One of my favourite trips was to the Baja 1000 (off-road race in Mexico's Baja California Peninsula) in 2005. I was on a dirt bike for the first time, and realised how difficult the race is. I went through 20 miles of deep sand whoops and fell 20 times. I have never been so sore. Another one is from the time I was 17, when I rode for 1,500 miles from Dallas to Los Angeles. On my way back, I was tired. I was riding at about 120mph. Unfortunately, I passed a police car and didn't see it. They set up a roadblock on the highway. When I stopped, I realised there were four police cars behind me. They were mad after chasing me for so long. I was lucky; the officer let me go without a citation. This prompted me to hit the racetrack.

What challenges have you faced in your racing career?
During my first year [2007] in Land Speed Racing [at Bonneville Salt Flats, Utah], the salt was in poor condition - wet, sludgy and hard to get traction. My bike got into a speed wobble at over 200mph. I tried to save it, but ended up coming off the bike at over 100mph. It was the worst wreck I've been in. I was unconscious, with seven broken ribs and a punctured lung. Fortunately, I recovered and made a point of testing different set-ups for the bike. I didn't push myself to make runs when conditions were bad. Racing comes with risks, which I try to minimise.

How did you crack the world record in Utah in 2008?
I had to make an effort to not think about what could go wrong, and put the accident out of my mind. I focused solely on what I needed to do to achieve my record. To set a land speed record, you have to make two runs — one in each direction - holding your top speed for a mile. My bike's engine was hot and as I entered the measured mile at full throttle, it started to sound rough. By the end, I had set the record but blown my engine, and there was oil everywhere!

What's your take on Indian motorcycle culture?
It's fascinating. The selection of motorcycles is vast, and I love that more women in India are riding motorcycles now. When I started in the '90s, men dominated the speed and racing scene; it was difficult for women to break into it.

Is Mumbai part of your itinerary?
I hope to see it during my visit. It is such a diverse city with much history. I've wanted to visit India for some time. I can't wait to experience its architecture, art, culture and beauty. I love Indian food, but have tried it only in America.

What kind of bikes do you ride now?
I have a Honda CBR1000, and several classic bikes from the '60s. I enjoy restoring old bikes. They aren't very fast, but they are a lot of fun.

Tips
>> Invest in proper motorcycle gear.
>> Never quit learning. Take up rider courses. Even if you have no desire to race, a day on the track with guidance will make you a better and safer rider.

When we meet them on a windy November afternoon, the quartet that calls itself Sanam (named after lead singer/composer Sanam Puri) is comfortable taking questions on, and dealing with fame. They could be the biggest band in India, say insiders. Their YouTube channel has 208 million subscribers and enjoys 14 million views per month. And they have fans across South Africa, Trinidad, Netherlands, Bangladesh, England, Nigeria, and even Suriname. "We just realised the other day that there isn't a country in the world that hasn't visited our channel," says Keshav Dhanraj, drummer. Thank God Indians are everywhere, we say, and he laughs, "Yes! Bangladesh is the biggest consumer of our music!" And they admit that they are drawing in more women than men. "It's quite a tough fight," says bass guitarist Venkat Subramaniyam, who is scrolling through figures as we talk over watermelon juice at the clubhouse of their plush residential complex in Madh-Marve. "It's 50:50," he adds, "women are more active on social media, I mean they comment more, but otherwise the gender ratio is roughly equal."

Pic/Nimesh Dave

It has taken them a while to get here. Brothers Sanam and guitarist Samar Puri, from Delhi, Subramaniyam, from Bengaluru and Dhanraj, from Chennai won a contest called SUPASTARS hosted by a recording label in 2010. Free gigs, great for exposure, but not of particular value, followed, until they met their manager Ben Thomas. "Under Ben's guidance, we started making videos and music of all types [originals and Hindi, English covers], says Dhanraj. Their first song, Hawa Hawa, saw a decent traction. But then, a cover of Lata Mangeshkar's Lag Jaa Gale got them almost 36 million views (and counting).

But their success is also a product of consistency. The first-time visitors on their channel often discover other songs, which they may not have done as well when they released, but gradually gained popularity. "So, our song, Dua [23 million views] which is an original, got popular after people had already discovered us through perhaps a cover version of some song, and wanted to listen to other stuff," says Sanam. They do remember the time that they tried first to get their songs heard. "I have been banned by Facebook so many times because I have spammed so many people [in an attempt to get them to hear our music]!" laughs Dhanraj. "I remember tagging people in the comments section of our videos. Facebook only allows 10 mentions per comment. So, you can imagine how many comments I posted!" smiles Sanam.

Today, they have the numbers, but they won't take their success for granted. They try and put up at least one new video every month (original or cover), update their social media accounts every few hours, and tour the country and outside. They now have a team that handles the logistics, including mixing and editing of videos, so they can "concentrate on the music". "We used to do it all ourselves. Now, it's about making music we are proud of so that you, the listener, likes it."

Ask them if they will ever ditch covers for originals only, and they have a smart, sorted reply. "In India, originals are respected more. We get that, and we aim to make more and more of them. But in many countries we visit, our fans are into the classics, like Mohammed Rafi's songs, and we want to give them what they want. They are our unique versions, they carry our stamp, in any case," says Subramaniyam.

As we leave them, they tell us about their musical influences, and there are some surprising answers. Sanam doesn't listen to much else because he doesn't wish to influenced, but if he must, he will pick, "strings and background music". Subramaniyam loves funk and blues, and Dhanraj and Samar like Arabic tunes. As Samar says, "We sing in all languages, and with our success and fan base, we now get that music really does have no language."

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

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

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

Apun Bola from Josh, which was written by Nitin Raikwar

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

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

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

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Pollak with a bagpipe made with rubber gloves

"This is my first time in India, so I'm very excited. I don't know much about the country. I plan to travel to Udaipur after performing in Mumbai," says Australian musician and instrument maker Linsey Pollak, 66, who is one of the speakers at the eighth edition of TEDx Gateway, to be held on February 4 in the city. He speaks about his love for creating music from the unlikeliest of objects.

The carrot clarinet

How did the idea of creating musical instruments with vegetables and household objects come about?
It all started at a performance called Out Of The Frying Pan many years ago. I was 19 then, and I created 40 different musical instruments out of various things. I wanted to use food, so I used a watermelon, carrots, and potatoes. The carrot clarinet, which has become popular over the years, came about because of a friend, who was putting up a concert, asked, "Can you come up with something new for the performance?" I put on my thinking cap and the shape of a carrot popped up. Though it wasn't a tube, it was a potential tube.

You have recorded 34 albums. Did any of those feature music played on the instruments you created?
The 34 albums have all been of different types of music. But the one that features these instruments is called Mrs Curly And The Norwegian Smoking Pipe. It was recorded in 2014. I played 15 different pieces on instruments that I invented - the saxcello, guidanet, glass-based clarinet, carrot clarinet, and an instrument I call the aluminium narrow bow clarini.

Is there a deeper message that you wish to convey?
Yes, there is a strong philosophy to what I do. And that is: there is music all around us, and we are all musicians. By showing people how simple instruments are and how they can make their own instruments, I encourage them to be creators of music rather than consumers.

What is your most bizarre creation?
I have done quite a few. Mr Curly is a contra-based clarinet with a deep, funky sound, because it's an amplified, electro-acoustic instrument. I guess the various vegetable instruments could be considered bizarre. For example, a potato with bamboo skewers stuck into it to create a kind of bass piano or bass kalimba. I have also created a bagpipe out of a condom. Some people might find that outrageous, but the sound is not.

Have you ever failed on stage?
We were in Switzerland for a performance. At a bio-dynamic farm and restaurant there, they asked if I could make a sound from a bio-dynamically grown beetroot. It was spectacularly unsuccessful. Also, once I was putting a bamboo skewer through a carrot, but it went right through the carrot, and into my hand. So, I had this embarrassing situation of blood pouring everywhere. I had to go off stage to get rid of the blood. There were also a couple of times when my rubber glove bagpipe burst.

What was the first sound from a regular object that caught your attention? How does one find music in the mundane objects?
I can't remember what the first sound was. One needs to have a sense of curiosity, not take things for granted and let go of expectations. All these are related.

What advice do you have for those who dare to dream different ?
I'm lucky to be making a living from doing something I love. That's because I knew what I wanted to do and followed that over the years. My advice is: just follow your dream. It's the journey that is important and not the destination.

What are your plans for your performance in Mumbai?
I will be using six instruments made from household objects; everything from dustpans and brooms to A4 papers. These instruments will be turned into clarinets. Rubber gloves will be used to play the bagpipe and irrigation pipes will be turned into pan pipes. I'll be combining these instruments using a process called live looping, where I record what I am doing. For example, I'm going to have a bass line that is played with the dustpan and the paper clarinet will be playing melody lines.

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Studies in Form-Akbar Bhavan-20 from a series of cyanotype prints by artist Seher Shah and photographer Randhir Singh

A Summit can be anything you want it to mean, and we re-define it every time. Just when you think you have figured it out, we alter our course. You might think you know what the 2020 Dhaka Art Summit might look like, but we hope to add further surprise," says Diana Campbell Betancourt. At the age of 33, Betancourt is the third time artistic director of one of Asia's most important art events, the Dhaka Art Summit, set to open on February 2. Betancourt, who used to be based out of Mumbai, has been at the fore of bringing contemporary voices in art from Asia to the biennial event, which is now in its fourth edition. Joined by guest curators, Betancourt has brought over 300 artists across 10 curated exhibitions. We ask her what's different this time. Edited excerpts from the interview:

Bangladesh as centre
2017 was an important year as it marked 70 years of independence for both India and Pakistan. In 1947, however, what is now Bangladesh was still effectively a colony of Pakistan. Usually viewed as the poorer younger brother of these two countries, we saw the need to put Bangladesh back at the centre of its cartography. We want to shift the narrative away from India-Pakistan. We are looking at the trade and cultural connections that Bangladesh had with the Middle East and Southeast Asia, rather than only looking at South Asia. There are fewer Indian artists this time around, and we have more artists from Thailand and Myanmar and Singapore as we've shifted our focus further east. The Summit is not a nationalist exercise, so we are able to address the slippages across borders. We are also exhibiting one of Mrinalini Mukherjee's hemp sculptures in Bangladesh for the first time, through the support of the Kiran Nadar Museum of Art and the Mrinalini Mukherjee Foundation, which draws connections to Bangladesh via the jute and textile trades which interlink its history with the rest of the world.

Diana Campbell Betancourt. Pic/Noor Photoface

Making more room
This time we have extended the Summit from four days to nine. There was a lot of local demand the last time. We saw 1,38,000 visitors in 2016. This year, we have split the weekends for different kinds of crowds.

Special focus on Sri Lanka
We believe that just as Bangladesh is left out of global dialogue, Sri Lanka is even more excluded. The show, titled One Hundred Thousand Small Tales, is curated by Sharmini Pereira, and has 40 artists right from the 1940s to the present.

Headed in the right direction
The Solo Projects section, which used to invite commissions from leading artists in the region, is replaced by Bearing Points. I felt that the Solo Projects didn't intellectually tie together everything we do in the Summit. The exhibition is curated by me, and the title refers to a compass, to a map that helps you orient yourself to lesser explored transcultural histories of the region.

Going back to school
The Summit has always been known for its workshops. This edition will have a free art school, with sessions conducted by artists such as Rashid Rana and Dayanita Singh, among others. It will be right at the middle of the summit, emphasising that culture is a key part to keeping people secular.

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

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

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

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

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

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

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

Representational Image

It may sound audacious to some but Facebook thinks that sharing with a trained employee of the company the intimate images that you fear might go viral in the social networking platforms can help it stop their spread, thereby protecting your privacy.

The social networking giant on Tuesday said it was testing a reporting tool so that people who worry that someone might want to harm them by sharing an intimate image can proactively upload it, which will eventually help Facebook to block anyone else from sharing it on Facebook, Instagram, or Messenger.

Facebook said it entered into partnership with safety organisations on a way for people to securely submit photos they fear will be shared without their consent -- images that are also referred to as "revenge porn" or "non-consensual pornography".

"This pilot programme, starting in Australia, Canada, the UK and US, expands on existing tools for people to report this content to us if it's already been shared," Antigone Davis, Facebook's Global Head of Safety, wrote in a Facebook post.

From anxiety and depression to the loss of a personal relationship or a job, the result of having most intimate moments shared without permission can be devastating for a person.

And while these images harm people of all genders, ages and sexual-orientations, women are nearly twice as likely as men to be targeted, Davis said.

"This week, Facebook is testing a proactive reporting tool in partnership with an international working group of safety organisations, survivors and victim advocates, including the Australian Office of the eSafety Commissioner, the Cyber Civil Rights Initiative and The National Network to End Domestic Violence in the US, the UK Revenge Porn Helpline and YWCA Canada," Davis added.

As part of this initiative, anyone who fears an intimate image of them will be shared can contact one of Facebook's partners to submit a form.

After submitting the form, the victim receives an email containing a secure, one-time upload link. The victim can use the link to upload images they fear will be shared.

Thereafter, one of a handful of specifically trained members of Facebook's Community Operations Safety Team will review the report and create a unique fingerprint, or hash, that allows the social network to identify future uploads of the images without keeping copies of them on its servers.

Facebook said once it creates these hashes, it will notify the victim via email and delete the images from its servers within seven days.

"We store the hashes so any time someone tries to upload an image with the same fingerprint, we can block it from appearing on Facebook, Instagram or Messenger," Davis added.

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After killing off apps used by a minority of its userbase including the "Twitter for Mac", the micro-blogging site is shutting down its TV apps on Roku, Android TV and Xbox from May 24.

"On Thursday, May 24, Twitter for Roku, Twitter for Android TV and Twitter for Xbox will no longer be available. To get the full Twitter experience, visit https://twitter.com on your device or desktop," the microblogging website tweeted.

This is due to the dismal feedback that users gave because these Twitter apps did not allow them to tweet from their account or fully interact with the Twittersphere in general, The Verge reported.

A report in Tech Crunch, however, said that Twitter has made the decision to kill off these apps as the micro-blogging platform works towards GDPR compliance.

"In addition, neither Xbox or Roku support a standard regularly supported video player, which made them more difficult to maintain. That also came into play with this decision," the report said.

As compared to other TV apps like Netflix, Twitter lacked on the "exclusive video content" front as well.

Twitter for tvOS (Apple TV) and Twitter for Amazon Fire TV will continue to be available.

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In line with its efforts to help users identify original sources and authentic information on Twitter, the microblogging site plans to add new labels to the campaign accounts of political candidates, starting with those running in the 2018 US midterm general election.

The legitimate accounts of the candidates will be clearly identifiable with a small icon of a government building, Twitter said on Wednesday.

The label will appear on the Twitter Profile page of the candidate and alongside all tweets sent or retweeted by the account, Bridget Coyne, Senior Public Policy Manager at Twitter, said in a blog post.

Twitter is partnering with Ballotpedia, a non-profit, civic organisation that publishes nonpartisan information on federal, state and local politics to help identify the campaign Twitter accounts of candidates once they qualify for the general election ballot for an applicable office.

Labels will begin to appear after May 30 on the campaign Twitter accounts of candidates who have already qualified for the general election ballot for an applicable office, and provided Twitter with consent to apply the label, Twitter said.

Candidates running for state Governor or for the US Senate or US House of Representatives during the 2018 US midterm general election will qualify for the US election labels.

"This will continue on a rolling basis as states continue to hold primary elections and candidates officially qualify for the general election ballot," Coyne added.

"Providing the public with authentic, trustworthy information is crucial to the democratic process, and we are committed to furthering that goal through the tools we continue to build," Coyne said.

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My husband and I have a great relationship, except for the fact that he responds to every argument with the silent treatment. He stops speaking to me, sometimes for days. This is very frustrating, because I usually forget about arguments the next morning while he holds on to them and thinks about every little thing for a lot longer than necessary. I don't think this is healthy in the long run. I have asked him why he behaves like this, and he doesn't have a good reason because he says he can't even explain it himself. We are planning to have a child, and I would like him to address this, because I can't imagine how a child will react to this sort of behaviour. What should I do?
It's good that you have a great relationship, and that he admits to not understanding why he behaves the way he does, because it means he is ready to do what it takes to make this work. I also think it's good for you both to address this before having a child. Have you asked him to consider speaking to a therapist? Depression can take a number of forms, which isn't to say your husband is depressed, but it's always good to get a professional's opinion because identifying the source of a problem is the first step towards finding a solution. I suggest you both speak to a counsellor as soon as possible. This isn't a serious problem, but getting an outsider's opinion will help.

I don't know why my boyfriend watches as many violent movies as he does. I am worried about the effect they may have on his personality. Should I stop him from watching them?
Assuming he is not a child, I'm not sure how you can forbid someone from watching something. There are a lot of awful things one can be influenced by, but only if one chooses to be. Go by his actions, not his fondness for these films.

The inbox is now open to take your most carnal and amorous queries. Send your questions on email to lovedoc@mid-day.com

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The heads of tax authorities from the BRICS states met in Mumbai, India, on December 5-6, 2016, to discuss the implementation of the OECD's base erosion and profit shifting project.

The Department of Commerce has initiated a wide-ranging antidumping duty and countervailing duty investigation into imports of carbon and alloy steel wire rod from ten countries.

Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed.

The European Commission has announced the imposition of new anti-dumping duties on imports of hot rolled flat steel products from four countries.

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.

Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime.

To the team of Equitymaster , I became a member in January 2016 and am very impressed by your website and the ideals you stand for. Making profit or loss is a different issue altogether. Taking calculated risks and playing Russian Roulette are two differe..

I am quite frankly disappointed with EMs services. I am a EM reserve member and I feel cheated. Day after day I see promotion / marketing mails. Full of absurdities and sounds dramatic as a soap opera. First there was the Rouge Analyst, then some drama ab..

Indian stock markets collapsed in early trade today...and while there was some recovery towards the end, we still ended deep in the red.

Here are 10 points to note...

1. The Sensex nosedived as much as 1,460 points in the first few minutes of trade. The Nifty dropped to a low of 10,827, down 442 points intra-day. The markets however trimmed some of the losses during the course of the day.

   There was a selloff across sectors along with panic selling in the smaller indices too. The BSE Midcap and BSE Smallcap indices ended down 3.4% and 2.9% respectively.

2. The Reserve Bank of India's (RBI) decision to put Yes Bank under moratorium led to the biggest ever fall in share price of the private lender. Shares of Yes Bank fell as much as 85% to Rs 5.6 before recovering towards the end of the day to end at Rs 16.2, down 56%.

   The banking regulator has also put a cap on withdrawal at Rs 50,000 for Yes Bank customers.

   The RBI took over from the board of the Yes Bank for 30 days, saying it would work on a revival plan.

3. RBI's move had a ripple effect on other banking stocks, with some falling very sharply to begin with.

   Shares of RBL Bank fell as much as 15%, while IndusInd Bank and State Bank of India (SBI) dropped 7-8%.

4. The coronavirus cases outside of China have been increasing rapidly, making inroads into US, Europe and Middle East, which made investors more worried about global growth going ahead. And more recently, India too.

   Today, the number of cases breached the 100,000 mark.

   South Korea, Italy and Iran reported highest infected cases outside of China, while cases are increasing in United States and other parts of Europe as well.

   Note that market participants are seen taking a flight to safety as stock markets see a sharp fall post the coronavirus impact.

5. Overnight the US indices had recorded sharp losses. This was yet another negative cue awaiting Indian markets on open today.

   The Dow Jones Industrial Average fell 3.6%, while the S&P 500 lost 3.4%. The Nasdaq Composite dropped 3.1%.

   During the day, as the Asian markets opened, there was further negative news... Japan's Nikkei fell more than 3%, while Hong Kong's Hang Seng, Australia's ASX 200 and South Korea's Kospi dropped over 2%.

6. Foreign investors (FIIs) are on a selling spree. Reportedly, in the last 14 sessions, FIIs have withdrawn a net Rs 183.4 billion from Indian markets. That's a lot of money...a lot more than the domestic mutual funds have been able to pump in. The intense selling pressure from the FIIs could only have contributed to this sell off.

7. The Indian rupee today slid past 74 levels against the US dollar, increasing the risk-off sentiment.

   The rupee today traded in a range of 73.69 to 74.08 against the US dollar as compared to the previous close of 73.31. A falling currency is not great news at all.

8. Even as there was negative news all around, hope emerged from oil. Oil slid on Friday as worries about demand for fuel being reduced by the global coronavirus outbreak were heightened. The fact that there was concern over non-OPEC (Organization of the Petroleum Exporting Countries) crude producers not yet having agreed to cut output further to support prices helped in the sell off.
9. With today's fall the Index has lost 9% since the start of 2020.
10. While the day ended deep in the red, some stocks stood out. Bajaj Auto, Maruti Suzuki and Asian Paints were among the few gainers.

In under 3 years, Yes Bank has gone from being a darling of investors to a pariah. Here's a look at the events that led to the crisis in 10 points.

1. 2017: RBI forces Yes Bank to disclose that there is big divergence in its non-performing loans of Rs 42 billion reported in the company's audited accounts for the year ended March 2016. The divergence further widened to almost Rs 64 billion a year later. To put this in perspective, the RBI audit had pegged its total gross non-performing assets (NPAs) at 5% for FY16, against the bank's own assessment of only 0.8% for the same year.
2. September 19, 2018: Not surprisingly, a year later, RBI refuses to give Yes Bank CEO Rana Kapoor an extension to his term as MD. The apex bank asks Kapoor to step down by end of January 2019. Kapoor fights back...but it always seemed like a battle he was set to lose.
3. November 27, 2018: Rating agency Moody's cuts bank's rating outlook to 'negative' from 'stable' citing concerns over corporate governance. This is a big whammy...for a bank, its credit rating is everything.
4. January 24, 2019: Yes Bank hires the head of Deutsche Bank India, Ravneet Gill, as its new CEO. There's hope...even though Gill has not run a bank of this size before. The stock price rallies 66% in the days following the appointment.
5. May 14, 2019: RBI appoints former central bank Deputy Governor R. Gandhi as additional director to Yes Bank's board - a rare move signaling an increased level of scrutiny on the lender.
   
   Yes Bank reports 91% drop in profit in 1QFY20, provisions surge and gross NPA ratio stands at 5%.
6. October 3, 2019: CEO Gill says bank is in talks with private equity firms, strategic investors and family offices to raise additional capital. Again, this appears to be good news.
7. October 31, 2019: Yes Bank gets binding investment offer of US$ 1.2 billion from a global investor. But this does not go down well as credibility of the likely largest investor is questioned in the media.
8. November 1, 2019: Yes Bank reports bigger-than-expected loss for 2QFY20, NPA to loans ratio swells to 7.4% and provisions swell to Rs 13.4 billion.
9. March 6, 2020: It's been months now and there is little progress on capital raising (other than rumours floating around). RBI takes over Yes Bank's board and imposes a month-long moratorium, imposing a limit of Rs 50,000 on withdrawals.
10. March 7, 2020: Stock price of Yes Bank crashes by nearly 60%. At it's worse the stock was down at Rs 5.7 that day. RBI shares a restructuring plan for Yes Bank...basically a bailout by SBI.

Well, then...that's the Yes Bank timeline. At the time of writing, stock price of Yes Bank was trading up by 31%.

Next time, when you think of buying a banking share...or making a deposit...be sure you understand the risk.

Crude oil prices crashed more than 30% on Monday.

In fact, this was the worst price dip since the 1991 Gulf War as Brent prices plunged to US$ 31 per barrel.

Here are 10 key things you need to know about the economics of falling crude oil prices:

1. Oil prices have collapsed thrice because of demand destruction: in 1979, 2008, and 2014.

   1979: The trigger for oil price increase was the Iranian Revolution and the Iran-Iraq war. Due to this, oil prices rose from US$ 50/barrel to above US$ 100/barrel between January 1979 and April 1981. Then, new production from the North Sea, Mexico, Alaska, and Siberia flooded the market. By March 1986, prices had fallen to US$ 27/barrel.

   2008: Oil touched US$ 150/barrel and was quickly followed by the financial crisis and recession which led to crash in crude oil prices as well.

   2011-2014: Oil was above of US$ 100/barrel, several years of triple-digit oil prices led to a near doubling of shale production in the US, a volume that helped trigger the crash in 2014.

2. 2016: Saudi Arabia and Russia came together to form the so-called OPEC+ alliance after oil prices plunged to US$ 30 a barrel. Since then, the two leading exporters have orchestrated supply cuts of 2.1 million barrels per day.
3. 2019: Prices went on to witness huge volatility in 2019 amid declines in US inventories and rising geopolitical tensions in the Middle East and the world's two biggest oil consumers - United States and China.
4. July 2019: The OPEC and allies sat to discuss whether to extend a deal on cutting 1.2 million barrels per day of oil production. Owing to the above geopolitical tensions, weaker demand outlook, and oversupplied market, the OPEC and allies rolled over their production cuts into March 2020. Volatility intensified further in July after US oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
5. March 2020: Saudi Arabia wants to increase the cuts to 3.6 million barrels per day through 2020 to check the weaker consumption. However, Russian President Vladimir Putin, refused to go along with the plan and his energy minister, Alexander Novak signaled a fierce battle to come for market share when he said countries could produce as much as they please from April 1.
6. 9^th March 2020: Crude oil prices fell 31% on Monday after Saudi Arabia launched an oil price war with Russia. Saudi Arabia slashed prices and said it is preparing for a big increase in crude oil production in April. Prices were cut by US$ 4-6 a barrel to Asia and US$ 7 to the United States for April delivery. Saudi Arabia reportedly prepares to increase its crude production above 10 million barrels per day (bpd) in April, after the current deal to curb production expires at the end of March. A major reason for these production cuts is also to arrest the swooning oil prices owing to the novel Coronavirus outbreak.
7. Worse than the Previous Crashes: The current situation is more worse than the November 2014 crash, when such a price war was started, as it comes to a head with the significant collapse in oil demand due to the Coronavirus outbreak. It also reflects the deep underlying concern of a lack of consensus among the OPEC nations regarding production cuts.
8. Impact on Indian Economy: The drop in crude oil price bodes well for India as it imports more than 80% of its oil requirements, with nearly 60% of them imported from the Middle East. Since oil imports form a large chunk of India's imports, it contributes to the country's trade deficit and a fall in prices will trim this deficit. Savings on oil imports could also arrest rising inflation and facilitate the next round of rate cuts by the Reserve Bank of India (RBI).
9. Industries to Benefit: On an industrial level, the price cut will have a beneficial impact on companies from synthetic fibre producers, tyre, paints, lubricants, plastic, and FMCG sectors that depend on crude oil as their primary raw material.
10. On the consumer level, there could be a fall in retail prices of gasoline and diesel over the next few weeks as oil companies cut retail prices to pass on the decline in crude oil prices.

Going ahead, market participants are expecting crude oil prices to remain low until OPEC+ resets oil production again.

Vijay Bhambwani, editor of Weekly Cash Alerts at Equitymaster, states that at this point in time, short selling natural gas & crude oil at significantly higher levels for the coming summer are high conviction trades. To know more about his view and positions, you can check out his recent article here: Energy Markets Get Muddy (requires subscription).

He's also shared his views on the ongoing "coronavirus" situation where he talks what's around the corner for crude oil, and how one should position oneself for potential gains. You can check this special podcast episode from Investor Hour here:

Well, then...these are some major highlights crude oil markets witnessed in the past and present and how they have been impacting crude oil prices.

With stock prices gyrating every day to coronavirus related developments, the weekend must come as a relief.

Here's a look at how deep the impact has been felt in the global financial markets:

1. Stock markets worldwide saw sharp losses on Thursday, with the benchmark indices on Wall Street and London saw their steepest daily falls since the Black Monday in 1987.
2. In the US, stocks witnessed a sharp sell-off on Thursday.
   • Thursday's dive follows the intense fall on Wall Street seen throughout the week. The S&P 500 triggered the first circuit breaker of the week on Monday after falling 7%. This fall came after the crash in crude oil prices.
   • The markets bounced back Tuesday, only to retreat on Wednesday after the World Health Organization (WHO) declared the coronavirus a pandemic.
   • At the closing bell, the Dow Jones Industrial Average finished down around 2,350 points (down 10%). The S&P 500 plunged 9.5%, while the Nasdaq Composite Index tumbled 9.4%.
   • Stocks were deep in the red the entire session, which was paused for 15 minutes early in the day. Automatic suspension was triggered after the S&P 500's losses hit 7%.
   • On Thursday, equities erased their losses briefly after the US Federal Reserve announced measures to inject an additional US$ 1.5 trillion in cash into financial markets. The announcement, which came after European markets had closed, sent shares higher, but they dropped back by the end of the day.
3. Coming to the European markets now, the main UK index dropped more than 10% yesterday in its worst day crash since 1987. Losses on the UK's FTSE 100 wiped some 160.4 billion pounds in wealth from the market.
4. Frankfurt had its worst day since 1989, the year the Berlin Wall fell, while Paris suffered its biggest one-day loss on record.
5. However, European stock markets rallied this morning. The signs of a US stimulus package helped soothe fears about an economic shock. At the time of writing, European indices were trading mixed. Shares in London were up 4.1%, while the Paris CAC gained 3.5%. However, the Frankfurt DAX crashed 9.3%.
6. Stocks in Asia also saw consistent sharp falls throughout the week. Japan's benchmark Nikkei 225 index closed 6.1% lower today.
7. Shanghai was down around 1% as the number of new cases in China shrunk and people slowly returned to work in the worst-hit areas.
8. In Asia, circuit breakers were also triggered in many exchanges including India, Japan, South Korea, Indonesia, Thailand, and the Philippines this week.
9. Indian share markets saw their biggest ever single day fall this week. The indices today hit their lower circuit limits within 15 minutes of the opening session. This was seen the first time in 12 years that trading in Indian markets had to be halted. The carnage didn't continue, however, as Indian indices recovered after major free-fall as trading resumed after 45-minute halt.
   
   From there on, it was an upward rally as markets went on to witness buying interest and saw their biggest intraday recovery ever.
10. On a year-to-date (YTD) basis, the worst fall has been witnessed by European markets. Here's a view on how the world markets have performed since January 2020.

US Markets			European Markets			Asian Markets
The Dow	Nasdaq	S&P 500	London	Paris	Germany	Hang Seng	Nikkei 225	Shanghai	Sensex
-27%	-21%	-24%	-31%	-33%	-32%	-16%	-25%	-6%	-17%

This worldwide crash has put March 2020 into the history books. Now, how markets perform in the coming days will be something to watch out.



This article (Worst Week for Global Stock Markets: Coronavirus Impact in 10 Points) 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.


Full Article

Coronavirus fears have spooked the investors worldwide with BSE Sensex and NSE Nifty falling over 25% this month, in line with many other global indices.

After sharp corrections in three trading sessions on March 9, March 12, and March 16 by 5.1%, 8.1% and 7.9% respectively, the Sensex crashed by an overall 22% this month.

Let's dive a bit deeper and look at how the impact has been on individual sectors...

1. While all sectoral indices are in a sea of red since the outbreak of coronavirus, here's a look at the worst hit sectors since coronavirus outbreak:

   Sector	Since 1 March (%)	Since 1 Jan (%)
   BSE Metal	-30%	-45%
   BSE Bankex	-31%	-37%
   BSE Oil & Gas	-24%	-36%
   BSE Auto	-24%	-36%
   BSE Finance	-30%	-36%
   BSE Realty	-31%	-36%
   BSE Capital Goods	-25%	-33%
   BSE Power	-22%	-32%
   BSE Basic Material	-26%	-32%
   BSE Consumer Discretionary	-24%	-28%
   BSE IT	-25%	-27%
   BSE FMCG	-18%	-22%
   BSE Consumer Durables	-24%	-20%
   BSE Healthcare	-15%	-15%
   BSE Telecom	-18%	-14%

   *Note that prices are as on 19 March 2020
2. As you can see in the table above, metal sector has been hit the worst on year-to-date (YTD) basis. Note that, the sector has been witnessing selling pressure since last two years. The coronavirus situation has only exacerbated the situation.
3. Another sector that is largely impacted is banking and NBFCs. After being the most preferred in the Indian equity indices for over half a decade, things have changed for stocks in the financial sector. In India it is a double blow for financial sector in the form of YES Bank fallout and prolonged slowdown which increased the chances of credit quality deterioration.
4. To put things into context, foreign institutional investors (FIIs) were heavily positioned in the Indian financial space, and stocks in the sector witnessed maximum inflows during good times. Downward spiral for financial sector began since IL&FS crisis.
   
   Both, BSE Bankex and BSE Finance Index have plunged over 30% since the beginning of the month.
5. Shares of most hotel, leisure and airline firms have tumbled over 60% year-to-date, as the coronavirus outbreak across the world has forced people to cancel vacation plans. India also stand to lose foreign tourists due to the entry restrictions that have been put in place. And this has meant things getting worse for hotels and airlines sector.
6. Out of the 90 stocks listed on BSE from tourism, hospitality and film distribution segments, only 15 have given positive returns YTD.
7. Another sector that's facing the brunt is the automobile sector. Coronavirus couldn't have come at a worse time for India's auto sector that is battling a prolonged slump in demand. The virus outbreak has added to the pain, hitting production and lowering the demand even further as consumer spending is unusually low. Reportedly, the correction in the auto index is now close to what was seen during the 2008 global financial crisis. BSE Auto Index is down 36% on a YTD basis.
8. The fall in other indices like FMCG, consumer durables, capital goods and IT is relatively moderate as they do not have any direct impact of the pandemic. However, they too have been witnessing selling amid the sharp correction in Indian share markets.
9. Interestingly, Indian pharma has been doing much better than the overall index. Since the beginning of March 2020, the Sensex is down by 26% while the BSE Healthcare index is down only by 15% (till 19 March 2020).
   • One factor is the rupee weakness which has weakened well beyond the Rs 75/$ mark. A weak rupee helps exporters and pharma obviously benefits.
   • Another factor is the spread of the novel coronavirus has led global investors to rush for pharmaceutical stocks recently, on back of a rise in demand for generics and branded generics leading to shortages and over-pricing for drugs.
10. However, as the markets took a breather on Friday, the sectors that rallied the most were BSE FMCG, BSE IT and BSE Oil & Gas indices, gaining over 8% each.

What do you think will be the long-term impact for these sectors? Well, you can let us know by dropping your views in the comments section below.

While most sectors have been falling, our co-head of research, Tanushree Banerjee believes in long term, Indian auto ancillaries, textiles, chemical companies, Pharma R&D contract manufacturers, will all be the major beneficiaries of what she calls the Rebirth of India megatrend.

Also, in times like these, our special report, How to Trade the Coronavirus Crash, will help you get a grip on the current market situation...and figure out ways to profit from it.

This is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. I strongly recommend you read it now. Claim your FREE copy here...

Happy Investing!

With the ongoing panic in the global as well as Indian stock markets, there is no end to foreign investors dumping Indian shares.

This wasn't the case a while back. Foreign institutional investor (FII) were making a beeline for Indian equities few months back.

How has this trend been so far this year? What has changed in recent weeks and months? And what's behind the heavy movement of foreign funds in India?

Let us look at some key points to answer these questions...

1. September 2019: FII Money Returns to India Again

   If we track the trend of FII flows in financial year 2019-20, after the Union Budget in July 2019, foreign investors began selling. They pulled out a ton of money from Indian equities.

   Why? Well, they were disappointed with the budget as it did not address the key concerns the economy was facing.

   However, the month of September was a different ballgame altogether as foreign money once again made its way into Indian equities. Not surprisingly it was also the month in which the Government made amends for its failed budget.

   This is evident in the chart below:

   September 2019: Foreign Money Returns to India Again

2. 3rd Quarter 2019-20: FIIs Keep Pouring Money in Indian Equities

   There were two reasons behind the above FII rush to Indian equities:

   1. Clarification by the FM that the tax on the super-rich was not applicable on foreign investors
   2. Cut in corporate tax rates, among other efforts, that had the potential to make Indian manufacturing globally competitive

   Both the above points strengthened the case for investing in Indian for FIIs.

   And they kept on pouring money in the following months.

   Here's how much money came by FIIs to Indian stock markets in the third quarter of FY20:

   Month	Net Investment (Rs, m)
   Oct-19	85,956
   Nov-19	129,249
   Dec-19	6,941
   Total	222,146

   Data Source: Equitymaster

3. 2019: Best FII Flows in Six Years

   Overall, in calendar year 2019, FIIs pumped in a net of more than Rs 1,000 bn (billion) in Indian stocks. This made it their best such infusion in six years. The previous high was Rs 1,130 bn in 2013.

4. 2020: The Downtrend Starts

   The buying trend, however, didn't last long. FIIs rushed out of India amid concerns of slowing economic growth and high stock valuations.

   In the month of January, they pulled out Rs 126.8 bn from Indian stock markets.

5. Feb-Mar 2020: Coronavirus Triggers FII Sell off

   The selling intensified further in February and March 2020. The major trigger was the coronavirus led panic sell-off across global financial markets.

   In February and March, Nifty and Sensex corrected sharply. It was not just Indian share markets but even global indices like the Dow Jones, NASDAQ, FTSE, DAX, CAC and the Nikkei that witnessed the brunt.

   In the Indian context, the stock market correction was exacerbated by the weak foreign investor sentiments. The real surprise was not the FII selling. It was the ferocity and the intensity of the selling in such a short span of time.

   From February 14th, the FIIs have been sellers on all days except one.

6. March FII Outflows to date to Surpass the 2008 Crisis Level

   So far in March, FIIs have sold a net of Rs 478.9 bn of Indian shares.

   And this makes the outflows of the month set to surpass the 2008 crisis level.

   While India is still better placed relative to other emerging market peers, the wipe-out has been massive.

What Should Market Participants Do?

There is no denying that FIIs play an important role in the Indian stock markets.

Strong FII participation is good from the domestic investors' point of view in the sense that it leads to enhanced liquidity and greater depth in the market.

However, in the event of FIIs pulling out on a larger scale and a free fall in the markets, the correction in valuations of fundamentally solid companies would be just temporary. It may in fact offer some lucrative value buying opportunities.

How do you zero in on these opportunities?

Our special report, How to Trade the Coronavirus Crash, has the answer. Just claim your FREE copy here...

Most sectors in the Indian share markets have been drowning in a sea of red due to the crash led by coronavirus outbreak. The biggest blow, however, has been felt by the banking sector.

The sector was already reeling under pressure due multiple factors for quite some time. And things started getting worse since the start of 2020.

Here's a timeline showing some major events that happened in the Indian banking sector and led to the slowdown we are witnessing in the past few months...

1. Mounting Pile of Bad Loans: Indian banks have for years worked to beat down mounting piles of bad loans of the sort that led to the Yes Bank fallout. The ratio of gross non-performing assets (NPAs) at Indian banks rose to 11% in 2018 from about 2% in 2008, before starting to ease off.
2. IL&FS Crisis Kicks Off the Downward Spiral: Foreign institutional investors (FIIs) were heavily positioned in the Indian banking and financial space, and stocks in the sector witnessed maximum inflows during good times. However, they started noticing cracks with consistent negative performance in the banking and financial sector and started moving out of them. The downward spiral for these sectors began since IL&FS crisis camec out into the open.
3. Credit Quality Deteriorates: After being the most preferred sector for over half a decade, things started changing for stocks in the banking sector since 2020. This came as the sector witnessed a double blow in the form of YES Bank fallout and prolonged economic slowdown. And all this only led to credit quality deterioration for banks.
4. YES Bank Crash: The Yes Bank crisis and the sight of Rana Kapoor being taken to court in early March came in as one of the worst months for India's banking sector.
5. Bailout for Yes Bank: To save Yes Bank, a range of Indian lenders led by the State Bank of India (SBI), infused funds in return for an equity stake. The episode came as a jolt to investors, who worried it could exacerbate vulnerabilities in the financial system.
6. Panic Selling Amid SC Order: Then came another blow. Before the dust settled on Yes Bank, the Supreme Court ruled that telecom operators must pay dues worth billions owed to the government. This caused panic-selling in bank stocks due to their heavy exposure to the telecoms sector.
7. Coronavirus Threat: The challenges now facing India's banking sector have reached another order of magnitude due to the coronavirus threat to the economy. Banking stocks have been among the hardest hit.
8. Sharp Fall for BSE Bankex: The BSE Bankex has fallen about 46% so far this year, outpacing the 32% fall in the BSE Sensex. Shares of Axis Bank and IndusInd Bank have lost the most during this period.
9. Relief Measures: Owing to all these shocks, banks have sought various relief measures. On 27 March 2020, the Reserve Bank of India (RBI) came out all guns blazing to arrest a potential slowdown caused by coronavirus (Covid-19). It did not just lower the cash reserve ratio (CRR) by 1% to 3% but also cut the repo rate by 0.75%. Also, there is a three-month moratorium on payment of loan installments.
10. PSB Merger: Then came the major announcement effective from 1 April 2020. First announced in August 2019, the government's ambitious plan to merge 10 state-owned banks into four came into effect from 1 April 2020. The move, aimed at strengthening the banking system and creating more large institutions with size and scale, has seen...
    • Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank,
    • Andhra Bank and Corporation Bank merged into Union Bank of India,
    • Allahabad Bank merged with Indian Bank, and
    • Syndicate Bank amalgamated into Canara Bank

So, that were some top pointers on what the Indian banking sector has been going through amid the coronavirus led stock market crash.

I reached out to Tanushree Banerjee, who is closely tracking the banking sector in the current scenario. Here's her view on the sector...

• The Covid-19 lockdown has hit cash flows of both individual borrowers and corporates. This, in turn, will impact their loan repayment capability.
  
  The RBI's repo rate cut came as a temporary lifeline for Indian companies with debt on books. It will offer both companies and retail borrowers some breather. If banks use this phase judiciously, it may save the NPA ratios from worsening significantly.
  
  However, only the banks that have adequate capital and provisioning cushion may be able to tide over the economic crisis. Eventually, another round of consolidation in private sector banks, like the one after 2002, cannot be ruled out.

Tanushree's latest StockSelect recommendation is one such midcap bank.

You can read the entire report here (requires subscription).

Also, speaking of ongoing stock market crash, 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...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!

As the Coronavirus pandemic continues to haunt the global financial markets, the rupee has been hit badly.

The domestic currency has been continuing its downtrend and hit its record low level against the dollar last week.

Here's a timeline showing how the Indian rupee has performed lately and the factors behind it...

1. Rupee in 2018:
   
   

   The Indian rupee was the worst performer in Asia in 2018. As can be seen from the chart below, it fell by around 12% against the US dollar. This was seen due to a strong dollar and high oil prices in 2018. Similarly, the spill-over from the emerging-market turmoil in Argentina and Turkey weighed on the rupee in 2018.

   Indian Rupee: The Worst Performing Currency in Asia in 2018

2. Rupee in 2019:
   
   

   The rupee traded on a volatile note last calendar year. However, for most of 2019, it traded on a negative note against the US dollar.

   While it started the year at 69.71 against the US dollar and also witnessed some uptrend from April 2019 to August 2019, it went on to depreciate during the end of the year. On December 2019, it ended at 71.31 against the US dollar.

   Rupee Trades was Volatile in 2019

3. Rupee in 2020 So Far:
   
   

   On a year-to-date (YTD) basis, the rupee has depreciated sharply against the US dollar. While it started the calendar year 2020 at 71.28 against the US dollar, it is currently trading at 76.27 against the US dollar. This translates to a depreciation of around 7% for the domestic currency.

   YTD Performance of the USD/INR

4. Downtrend in March 2020:
   
   

   The massive sell-off in equities and bonds led to a huge fall in rupee against the dollar in the month of March 2020. Most of the selling pressure was due to the slump in equities and currencies globally.

   Investors were concerned that support measures from governments and central banks may be insufficient to halt the economic damage caused by the coronavirus pandemic.

   Here's how the currency performed in the month of March:

   Huge Depreciation of the Rupee in March 2020

5. Rupee Hits Record Low in April 2020:
   
   

   The rupee fell to a new record low of 76.55 against the US dollar on 9th April, 2020.

   This was seen as a rise in coronavirus cases fanned fears of the government extending the lockdown to contain the pandemic.

6. Factors Behind the Rupee's Fall:
   
   

   Some major factors behind the recent fall in rupee are...

   • Weak sentiments in the currency markets due to global risk aversion
   • Sharp fall in the Indian stock markets
   • Sharp fall in global financial markets due to coronavirus fears
   • Strengthening dollar
   • Thin liquidity due to reduced participation

These are some top pointers on how the Indian rupee has been performing in recent years and amid the coronavirus led stock market crash.

I reached out to Vijay Bhambwani, editor of Weekly Cash Alerts, who is closely tracking the Indian rupee in the current scenario. Here's what he has to say...

The onset of Corona virus has not been kind to the INR.

The Rupee futures (USDINR ) opened in March at 72.36 and have closed at 76.61 on April 09 2020. That is a decline of 5.87% in 6 short weeks.

The implications of the same will be widespread. India is a net importing Country. Everything that we import will now be more expensive. Approximately two thirds of all our imports are fossil fuels. Fuels are what we call multiplier effect commodities. If fuel prices rise at the petrol pumps, everything from fruits, vegetables, grains to dairy and poultry products get expensive.

That impact will be felt at a later date. I expect the trickle down effect to start appearing in prices after the April-June quarter is over.

I have already factored in this aspect in my statistical data model and plan to identify such events to generate profitable trading opportunities for my WCA plan subscribers.

Vijay has also talked about the Indian currency in a special edition podcast from Investor Hour. He shares what's around the corner for Indian rupee and how to should position oneself for potential gains.

You can listen the entire episode here...

Speaking of ongoing stock market crash, 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...

And rest assured, Equitymaster is with you all the way on this journey. To that end, we have decided to offer you two of our premium learning courses free!

From the comfort of your home, you can learn the basics of fundamental investing with Equitymaster Secrets and the ins and outs of making money using derivatives with Derivantage. Get started right away.

Happy Investing!