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25 Sindhis from Pakistan cast vote post getting Indian citizenship

Pune: Weeks after getting Indian citizenship, around 25 Sindhis, who migrated from Pakistan years ago and made Pimpri-Chinchwad their home, had another reason to celebrate when they got an opportunity Monday to cast their votes for the first time. One of them, Rajendra Thakur, migrated to India from Pakistan 37 years ago.

Today, Thakur looked a happy man after voting for the first time in India. The 52-year-old is among nearly around 25 Sindhis from the Pimpri-Chinchwad area, that falls under the Maval Lok Sabha constituency, who voted for the first time. Those who exercised their franchise for the first are among the 45 Sindhis from the city who got permanent citizenship of India early last month.

"It has been over 37 years that I have been living in Pimpri-Chinchwad. All those years, except discussing politics, I could not take part in any democratic process such as election and could not cast my vote. "But today, for the first time, I voted," said an elated Thakur, who is into the business of supplying electrical items. He said several Sindhis have migrated to India from Pakistan over the years for a better future and all of them, including himself, had been living on long-term visas (LTVs) till they became Indian citizens after a prolonged wait.

These visas needed to be renewed after every two years and the process was very lengthy and tedious, he said. Thakur thanked Balasaheb Runwal of 'Mere Apne' Foundation and Pune district collector Naval Kishore Ram for helping in getting citizenship.

"It was Balasaheb Runwal of Mere Apne Foundation, who all those years fought for our cause. Credit also goes to Pune collector Naval Kishore Ram who expedited the process to issue citizenship certificates in March," said Thakur.

"I came to India in 1982 along with my sister when I was 15 as the situation back in Karachi was not good. "When we got the Indian citizenship certificates in March, we felt like winning a long-fought war and I can not express my happiness in words after casting my vote," he added.

Dr Vijay Bulani has a similar story to tell as he, too, was among the voters. "I am very happy that we got a chance to participate in the democratic process of our country," he said. Talking to PTI, district collector Ram said the applications of all these people were pending before him.

"I decided to look into the long-pending issue and expedited the entire process of issuing permanent citizenship certificates by bringing all authorities concerned together. "And in one go, all these people were issued their citizenship certificates," the bureaucrat said. He said while issuing the certificates, the district administration also got them to fill their voter registration forms and it is good that out of 45, 25 people could vote.

Runwal said these people had faced many hardships as they used to run from pillar to post to get their LTVs renewed. "So I decided to take up the issue through my organisation and followed it up with several authorities, including the Union home ministry. In all this process, BJP's Pune MP Anil Shirole helped me," he said.

Runwal said the district collector expedited the entire process to issue the certificates. "Now after these 45 people, there are more 200 applications from the city are in the pipeline and we are sure that all these people will get their permanent citizenship certificates soon," he added.

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Woman goes to get ration, gets raped by dealer

Shamli (Uttar Pradesh): A 23-year-old married woman was allegedly raped by a ration dealer who promised her free ration as per government orders.

According to reports, the woman had approached the local shopkeeper for her quota of government ration when her savings dried up but he refused to give her ration. The woman's husband is stuck in Punjab, so she went to get free ration from the ration dealer. After waiting for several hours, she was asked to go away.

"On Tuesday evening, the accused, Vinod, came to my house and instead of giving me the ration, he raped me," the woman told the police.

Superintendent of police (SP) of Shamli, Vineet Jaiswal, said, "On the basis of complaint filed by the victim, police have booked Vinod under section 376 of IPC for the rape. He has been arrested and sent to jail."

The victim's landlord, meanwhile, said, "For the last three weeks, we were giving her the food as her husband was away and she had no money left. But, a few days ago, we expressed helplessness due our own condition," the landlord.

The woman's husband, a manual laborer, went to Punjab to collect his wages of the work he did a few months ago but he got stranded there after the announcement of countrywide lockdown.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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Palghar lynching: Woman cop takes charge at Kasa police station

A woman officer who was fired upon while probing a Rs 200-crore bank fraud case some weeks ago has been appointed temporary in charge of Kasa police station in Palghar where three people were lynched by a mob late Thursday night.

The incident happened near Gadchinchale village on the Dhabadi-Khanvel road under Kasa police station limits. Three people from Kandivali in Mumbai, identified as Chikne Maharaj Kalpavrukshagiri (70), Sushilgiri Maharaj (35) and driver Nilesh Telgade (30), were pulled out of their car and beaten to death in the presence of a police team that had rushed to the site to save them. Officials said Palghar Superintendent of Police Gaurav Singh appointed Assistant Inspector Siddhava Jaibhaye as Kasa police station incharge after the incumbent API and PSI were placed under suspension for Thursday's incident.

Jaibhaye's car took a bullet hit on March 7 at Virar Phata, some days after seven people were arrested for trying to steal Rs 200 crore by hacking the bank account of a corporate entity. Jaibhaye, attached to the Palghar Crime Branch at the time, was instrumental in foiling the hacking bid. Meanwhile, a new case had been registered in Khanvel in Silvassa against a mob which attacked a Talasari police team that was rushing to the lynching site as reinforcement, officials said.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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




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Cops probe Bois Locker Room connection in teenager's suicide

A class 12 student allegedly committed suicide in Gurugram's upscale residential condominium in DLF phase 5 area on Tuesday night The deceased, a resident of DLF Carlton Estate, jumped from the balcony of his flat on 11th floor of the building at around 11 p.m. on Tuesday. The local police is investigating his alleged involvement in Bois Locker Room Instagram account.

"We have seized his mobile phone and sent to forensic lab for analysis. We have also involved cyber crime cell to investigate his social media accounts and nature of chatting he does, to understand his character and possible reason of taking extreme step," said Deepak Kumar, SHO of sector 53 police station.

The police official ruled out any foul play during preliminary investigation. The deceased has not left any suicide note. Further action will be taken only after detailed reports of his mobile analysis is received. As of now, legal proceedings under CrPC 174 have been initiated.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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

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




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Dangerous Killer

Aman, Komal, Kavya, Sunny, Rhea, Nishant and Darsheel go to a resort which Aman’s father is desirous of purchasing. On the way to the resort, the seven friends see a mysterious lady in a white saree, roaming in the jungle. A tantrik warns them that a ghost roams in the area and she thirsts for human blood. The friends reach the resort and are welcomed by maid Sheela. They enjoy themselves at the resort but sometimes see the lady in the white saree. They go to the jungle where they are attacked by someone. The friends soon return to the resort. Then, one by one, murders start taking place. Sunny, Rhea, Sheela and caretaker Guruji are murdered one after another. The tantrik is also murdered. The police finally solves the mystery. Who is the murderer? What’s the killer’s motive in killing so many people?




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X Ray - The Inner Image

X Ray: The Inner Image is a story of lust. A young man is alone at home one rainy night. A young girl comes knocking on his door with a request to fix her car which won’t start. Since it is raining and locating a car mechanic seems to be an almost impossible task, the man offers her his home to spend the night. But he loses control over himself when he sees the girl changing into dry clothes for the night. His lusty and carnal desires get the better of him. The girl is devastated when he advances towards her. What happens thereafter?




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ACID - Astounding Courage In Distress

Even after 70 years of Independence, there is a segment of our society which has not freed from Its narrow-minded mentality. It's a segment of male dominating society which consider women inferior to men and make them deprived of the respect they deserve for. Women is the mother of a society and a good society can never be made without respecting women. There are women in society who decide to fight for their rights. ‘Astounding Courage In Distress’ is the story of such a girl Ruhana, who doesn't loose her hope in adverse conditions and fight bravely for her rights and achieve her target. Ruhana becomes a role model for society. Ruhana, born in a poor Muslim family of Pratapgarh, is a lovely daughter of her parents. Her parents want to educate her so that she can be successful in life. Ruhana is also a hardworking girl. The small family is very happy but one day Abbu (Ruhana's father) dies in a accident. A big struggle starts for the family. Poverty has become a nightmare for them. Ruhana gets the news that her school has organized a race with a prize money of Rs 5000. Ruhana registers her name for the race. She hides this from her mother, Shabana because she won't allow Ruhana to participate in race because of board exams. Abhishek is the sport teacher in Ruhana's school and he is training all participants for this race. Abhishek is very hard at rules. He gets impressed by Ruhana’s hardwork and trains her specially. Meanwhile, Bilaal, a distant relative of Ruhana, comes to India from Dubai for watching a Property. Bilaal is sad for the death of his cousin brother and helps his family in this tough time. Ruhana takes Bilaal as father figure. After some time, he goes back to Dubai. Shabana starts working in a shop. She does mistakes and get insulted. Its painful for Ruhana and therefore she gives training to her mother about all products in the shop. This makes Shabana's job very easy. Ruhana takes all responsibilities of family and simultaneously also prepares for race and board exams. Bilaal comes back India and this time he goes with Shabana, Ruhana to watch a girl for marriage. He rejects the girl and Ruhana makes fun of whole incidence. One day, Bilaal is sitting with his friends and they talk about marriage. His friends advise him of marrying Ruhana as they think she loves him that’s why she is coming so close to him. This changes Bilaal’s way of thinking and he keep this proposal in front of Shabana. He also creates problem in Ruhana’s school life. Shabana asks Bilaal to leave them which makes him furious and he decides to take a revenge on them. He also attacks Abhishek in frustration. Shabana and Ruhana forget this all and starts living happily. Ruhana not only comes first in race but also comes top in her board examination. Everything is going good but suddenly something happens which puts a big question on her future, her dreams, her life. An Acid attack which burns not only her body but also her dreams. Her future depends only on her strong determination. Will the double standard hypocrites of society survive the willpower and strong determination talented girl?




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Dwayne Johnson congratulates his teacher on her retirement with surprise video message

Actor Dwayne Johnson just made his teacher's dream come true! The actor sent out a congratulatory message to Carol Propst, an English teacher at Virginia High School, who was retiring after working for 39 years as a teacher. One of her colleagues reached out to Johnson on Twitter and the actor obliged with a video message.

"Today I received the ultimate retirement send-off: a personalized message from Dwayne @TheRock Johnson! Thanks to all my beloved students and colleagues. BVPS, YOU ROCK! #propstrocks," Propst shared on Twitter.

Dwayne was heard saying, "Hey Carole, Dwayne Johnson here. I wanted to take a moment to say congratulations. Congratulations, Carole, for your retirement from Virginia High School after 39 amazing, incredible years. Wow!"

"Carol. Congratulations! I am so happy for you, and I am so proud of you. And, being that this is teacher appreciation week, on behalf of all parents, Carole I say thank you. Thank you and thank all of your fellow teachers for your wisdom, for your love, for your care, for your discipline — which I needed a lot if you were my teacher. But thank you so much for educating and for caring for our kids," he said.

Dwayne Johnson also sent a gift package to her which included a tequila brand as he said that they would share it one day together.

Seeing her reaction, he responded on Twitter by saying, "Awww I love seeing this. Her reaction is just beautiful. Things like this are the best part of fame."

ALSO READ: Dwayne Johnson and Emily Blunt to reunite for movie adaptation of Ball and Chain




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“I hope to play a detective on screen!”, says Arjun Kapoor, as he binge-watches the acclaimed yesteryears TV series Byomkesh Bakshi

Arjun Kapoor has always appreciated eclectic content. The actor, who runs his own digital property Arjun Recommends through which suggests great content for people to binge on, is currently gorging on yesteryears acclaimed TV show Byomkesh Bakshi played by actor Rajit Kapur.

For Arjun, this show is like a whiff of nostalgia from his childhood. He says, “Whenever I could catch Byomkesh Bakshi as a kid, I remember I enjoyed it thoroughly. For me, Byomkesh was what a hero should be. Slick, super-intelligent, and charismatic, he is one of the best sleuths that I have seen on screen! I have been watching Byomkesh on TV again and it is pure nostalgia for me!”

Arjun lists his reasons why he loves this indigenous super-detective. “The best thing about Byomkesh was that he solved intelligent crimes and that really hooked me on. The writing, the cleverness of the cases really got me interested. The show still hooks you thoroughly and that’s what great writing, great acting can do. Great content has the ability to become timeless and universal,” he adds.

Arjun secretly wishes to play a detective on screen. “Since then, I had always wanted to play a detective who saves the day and saves lives. I got to live my childhood dream by playing an undercover agent and saving the country in India’s Most Wanted! I still hope I get to play a detective on-screen one day!” says Arjun.

Also Read: An overwhelmed Arjun Kapoor wishes a frontline doctor on her birthday as she pens an emotional note




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

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

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


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

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




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Abhishek Bachchan shares fond memories of traveling with Amitabh Bachchan for live stage shows

A few weeks back, actor Abhishek Bachchan, on Instagram, shared a priceless throwback photo from his first ever stage performance as an actor alongside father Amitabh Bachchan, in 2004. His love for the stage, however, began when he was merely a child and would accompany his father for his live shows. He shared a video, giving us glimpses of one such show and also spoke about the fondest memories spread over the years.

"I have so many memories of being on the road with him, his co-stars and the immense Kalyanji and Anandji and their 40 piece orchestra helmed by a young and upcoming Viju Shah ( Kalyan ji's son and future Music Director of huge fame)," he wrote.

 

View this post on Instagram

 

#FlashbackFriday My 1st ever stage performance after becoming an actor. Got to share it with a pretty cool dude! This was for the "Help" telethon which was done to raise money to help all the victims of the devastating tsunami which occurred on December 26th 2004. This huge enterprise of getting the entire Hindi film industry together ( a Herculean task) was spearheaded by @duttsanjay . And although I was slated to make my debut stage performance in Amsterdam for the IIFA awards later in the year, I just couldn't say no to the cause and Sanju sir. Both dad and I performed to a mix/ medley of his song रंग बरसे and "one love" a track I had done as a cameo in my dear friend @suniel.shetty film Rakth. The show took place in early February 2005. Both dad and I were shooting for "Kajra re" with Aishwarya for Bunty aur Babli. I would shoot the song all day from 9am to 10pm and then drive to the concert venue and rehearse all night. I even spent my birthday shooting Kajra re ( but that is a different story, reserved for another Friday). At night, after the shoot I remember when I reached the venue for my rehearsal all the lights were off!!! Thinking that I had made a mistake and showed up to rehearse when there wasn't any.... Suddenly all the stage lights came on and all the dancers, Ganesh Hegde the choreographer, stage hands and technical staff surprised me! Then Sanju sir and @walia_bunty ( he was one of the organisers) rolled out a huge cake and a birthday present for me. They all sang and managed to embarrass me to bits! What fun. Good times!

A post shared by Abhishek Bachchan (@bachchan) on


The actor went on to recall how the artists would gather in his parents' suite for a midnight dinner and how their return journey by flight would be nothing less than a mini concert mid-air! In the video, Big B can be seen calling Abhishek and sister Shweta to the stage as he introduces them to the audience.

"What times! As a child standing in the wings looking at the show in awe and wonderment. Not realising at that time the legends that I was blessed to witness perform live. Secretly imagining myself on that stage once I grew up," Abhishek added.

That's certainly where it all started!




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

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

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

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

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




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Tiger Shroff goes down the memory lane, shares a BTS video from Baaghi shoots

The nation is under a lock-down, and like everyone else, Tiger Shroff is also trying to sail through this time by keeping himself occupied at home. But it looks like he simply can't get the Baaghi franchise off his mind.

About two weeks back, Baaghi completed four years, and the actor wrote a brief, emotional note on Instagram, sharing a BTS video with us. Today, he shared with us glimpses of his workshop for the film, in Bangkok where it was shot. The video has Tiger practicing for some intense action sequences and packing powerful kicks. "Workshop, on set rehearsal, and action! Busy streets of bangkok," he wrote. Watch the video below.

 

View this post on Instagram

 

Workshop, on set rehearsal, and action! Busy streets of bangkok❤️#baaghi1

A post shared by Tiger Shroff (@tigerjackieshroff) on


Baaghi 3, the latest edition of the franchise, looked promising and fans were looking forward to all the action and entertainment. It released on 6 th March but only had a brief run at the theatres. Baaghi 3 is now streaming on an OTT platform.




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Arti Singh is searching for the right man; says she is open to arrange marriage

Arti Singh was one of the most popular contestants of Bigg Boss 13. The actress who is comedian Krushna Abhishek's sister had a rather interesting journey while inside the house and even made it to the top 5.

Arti's marriage was one of the most discussed topics on the show. She had expressed her desire to get married by the end of the year. The viewers started pairing her with some of the co-contestants and her sister-in-law Kashmera Shah also suggested that she explore her friendship with fellow contestant Sidharth Shukla.

Talking to a daily, Arti Singh said that she is searching for the right man. She said that she would prefer a love marriage but is open to an arranged match as well.

Arti said that she wishes to meet someone during the lockdown because they will then get ample time to chat with each other, even if they cannot physically meet.

ALSO READ: Arti Singh shares a jaw-dropping before and after picture of her physical transformation




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Dosage mapping tracks cancer radiotherapy more closely

A non-invasive system being developed by EU-funded researchers could make radiotherapy a safer and more-effective treatment for cancer patients by creating a visual dosage map of the tumour and the surrounding healthy tissue.




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Collaboration brings cutting-edge prenatal testing to Estonia

An EU-funded knowledge-sharing project has made cutting-edge non-invasive prenatal testing techniques available to couples undergoing IVF in Estonia, boosting chances of pregnancy for those struggling with infertility there.




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New treatment to slow muscle wastage in boys with DMD

A medicine developed by EU-funded researchers has been approved to treat children with the degenerative and fatal genetic disease Duchenne muscular dystrophy. A major clinical trial is expected to announce positive results soon.




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New tools and trials combat the resurgence of whooping cough

EU-funded researchers hope a greater understanding of interactions between pertussis bacteria and the immune system, together with a toolkit for testing new vaccines, will help prevent whooping cough disease and deaths in babies worldwide.




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A repairable brain: cell reprogramming to halt neurodegenerative disease

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




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Gender economics in macroeconomic research

By failing to properly take gender interactions into account in research we are limit-ing today's science. EU-funded research is revealing how economic trends affect genders differently, as for example in the COVID-19 crisis. It is also looking at how the interaction between genders impacts macroeconomic trends.




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Insulating a green future with aerogel eco-panels

Around 40% of EU energy consumption and 36 % of its CO2 emissions come from buildings. EU-funded researchers have developed easy-to-install eco-panels to place on the outside of the buildings to dramatically cut both.




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Can't wait to get back, says Paul Pogba

Manchester United star Paul Pogba said he is eager to return from a lengthy spell on the sidelines when football resumes following the coronavirus pandemic. The World Cup winner has been limited to just eight appearances for United this season after battling a nagging ankle injury.

"I'm already training and touching the ball," Pogba, who hasn't played since December 26, told the United Podcast. "I've been frustrated, a long time ago. Now I'm almost there, so I'm just thinking about getting back and training fully with the team and everything." "You think bad but I've never had something like this in my career, so I always take it in a good way. It makes me more hungry to come back and do well. And, yeah, it just shows me as well how much I love football." Pogba's agent Mino Raiola has hinted the 27-year-old could leave Old Trafford if he is unhappy at the end of the season. However, the Premier League has been put on hold indefinitely due to the spread of the deadly virus.

"You have to be very patient because, well my injury, I don't know if people really know what happened," Pogba added. "So I had a foot injury, which came in the game against Southampton. It was early this season and so I carried this for a long time, training and trying to be playing with it. After I stopped, I found I had a fracture. "I had a cast on it, a plaster-cast, so it went very well but too well. The bone got bigger and so, when I came back again, I played those two games against Watford and Newcastle, I could feel something again. "So I had to have an operation and now here I am. I don't feel anything and, hopefully, I'll be back very soon."

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

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

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




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Chelsea legend Peter Bonetti dies at 78

England football club Chelsea on Sunday confirmed that the legendary goalkeeper Peter Bonetti passed away at the age of 78 after a battle with long-term illness.

Bonetti was nicknamed as 'The Cat' due to his superb reflexes and he went on to feature in 729 games for Chelsea. He is on the second spot in the club's list of all-time appearances after Ron Harris. Bonetti also held the record for the cleanest sheets as a Chelsea goalkeeper until January 2014, when Petr Cech surpassed him.

"Peter Bonetti's position in the pantheon of Chelsea footballing gods is unassailable. He was the Cat who broke the mold, defied the odds, drew the gasps, earned the cheers and got the cream. All in front of an adoring Stamford Bridge," Chelsea FC said in an official statement.

During his stint with Chelsea, Bonetti managed to win the 1965 League Cup and the 1970 FA Cup.

He was also the first to recognise a role for gardening gloves, leading to his Peter Bonetti-branded specialist gloves which were a first and so successful they were sported not only by kids up and down the land but by many of his contemporaries at the top level of the game too.

Bonetti also played seven matches for England and served as number two behind Gordon Banks during the team's FIFA World Cup-winning run in 1966.

After an FA-led campaign years later which persuaded FIFA to reward every squad member, Bonetti was presented with a medal by Prime Minister Gordon Brown at Downing Street in 2009.

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

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

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




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Revealed! Former Arsenal manager Unai Emery blamed ex-girlfriend Sacha for being sacked

Former Arsenal manager Unai Emery's ex-girlfriend Sacha Wright, 35, has told British tabloid, The Sun that he blamed her for his sacking last year.

Unai, 48, who joined Arsenal on May 2018 on a two-year deal, was sacked by the team management in November last year, following a poor run. Sacha claimed that Unai called her a "white witch" and blamed her for his team's failure.

"I trusted Unai and believed we would get married and have kids. I thought he was a gentleman and a family man. But in the end I realised he was not ready for a serious relationship," said Sacha, who first dumped Unai in September only to take him back in December.

"It was then that he blamed me for getting him the sack. He said I was a white witch as I brought him bad luck. He said the team began losing the day we broke up," said Sacha, who finally left Unai in March.

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

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Neymar's 52-year-old mom Nadine is dating a boy 6 years younger to him!

There is a famous saying, "Love has no age." Well, Brazilian footballer Neymar's mother Nadine Goncalves is definitely a believer in the saying as she recently made headlines for revealing that she is romantically involved with a man named Tiago Ramos who is way younger to her.

Neymar's mother Nadine, age 52, is currently dating gamer Tiago Ramos who is 22 years of age. Not only is Tiago 30 years younger to Nadine, he is even 6 years younger to her son Neymar, age 28.

Neymar's mother Nadine Goncalves took to social media site Instagram to announce that she is in a relationship with Tiago Ramos and also shared a photo of the two embracing each other. Neymar's mother Nadine captioned the photo in Portuguese, "O inexplicável não se explica, se vive (The inexplicable cannot be explained, you live it…”). See the post below.

 
 
 
View this post on Instagram

O inexplicável não se explica, se vive... ❤️

A post shared by Nadine Gonçalves (@nadine.goncalves) onApr 11, 2020 at 3:49pm PDT

Nadine and Neymar's father and agent Wagner Ribeiro parted ways in 2016 after 25 years of marriage. Meanwhile, not only is Nadine's new relationships approved by son Neymar and her ex-husband, they also support the couple and show their happiness.

Commenting on the Instagram post, Neymar wrote ‘Be happy Mom, Love u’ while her ex-husband Wagner simply posted applause emojis.

Tiago Ramos is a huge gamer as well as a fitness enthusiast and has admitted to being a fan of Neymar who plays for French club Paris St. Germain.

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

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




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Hillsborough disaster: Liverpool's Jurgen Klopp leads tributes 31 years on

Liverpool manager Jurgen Klopp and captain Jordan Henderson have delivered messages of support to the families of the 96 supporters killed in the Hillsborough disaster 31 years ago. A final memorial service for the victims was due to take place at Anfield on Wednesday, but has been postponed due to coronavirus guidelines on mass gatherings. "Today is the most significant date for our football club each year," Klopp said in a video message. "The plan was for us to be together at Anfield but this is not possible, the only thing we can make sure is we are in each other's thoughts.

"Believe me you have our thoughts, you have our prayers and most of all you have our love. You'll never walk alone." The final memorial service was arranged after the police commander at Hillsborough, David Duckenfield, was found not guilty of gross negligence manslaughter in November. "Today was a day when as a club we were all supposed to be together at Anfield to honour the lives of 96 people who went to a football match and never came home," said Henderson, who has led a charitable fund set up by Premier League players to help health service staff during the coronavirus crisis.

"On behalf of all the players at Liverpool I just want to let everyone affected know that you are in our thoughts today. "As ever, we are together in spirit even if we can't be together in person." Kenny Dalglish, who was Liverpool manager on the day of the tragedy, also sent his support. Dalglish was released from hospital last week after testing positive for COVID-19, although he had been admitted for a separate infection.

"This is a day when, first and foremost, we remember those who went to a football match and never came home - they will never be forgotten," said Dalglish. "But we should also think of the families and survivors who showed the rest of us how to deal with an unimaginable tragedy. "By sticking together, supporting one another and standing up for what was right, they set an example which will always resonate, none more so than during the current time when so many families are dealing with tragedies of their own.

"Today, my thoughts will be with everyone who has suffered since April 15, 1989 and everyone who is suffering now. "All we can do is carry on sticking together and finding strength in each other in the same way that the Hillsborough families and survivors have over all these years."

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German footballer Serge Gnabry dating top Swiss model Sandra Jerze

Former Arsenal star Serge Gnabry is not just succeeding professionally at his new club Bayern Munich, but also on the personal front. Serge, 24, has been in top form, having scored a brace against Chelsea recently, making it six Champions League goals this season.

Now, off the field, it is learnt that he is dating top Swiss model Sandra Jerze, 23. According to German newspaper Bild, the couple has been dating for three weeks now and spent the Easter weekend together in Munich. Model Sandra has also done a few acting stints besides featuring in German artist Pietro Lombardi’s music video, Phenomenal.

Initially, it was rumoured that Sandra was dating Pietro before latest reports confirmed she’s in a relationship with Serge.

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Leeds legend Norman Hunter loses COVID-19 battle

Leeds United legend Norman Hunter died on Friday at the age of 76 after testing positive for coronavirus. "Leeds United are devastated to learn of the passing of club icon Norman Hunter at the age of 76," the club said in a statement. "Norman was taken to hospital last week after being diagnosed with COVID-19 and despite continuing to battle and the best efforts of NHS staff, he sadly lost his fight earlier this morning," the statement added.

Hunter made his Leeds debut in 1962 when he was just 18 years old. Hunter amassed a huge 726 appearances for Leeds United over a 14 year period, the club's most successful to date, earning the infamous nickname "Bites Yer Legs".

He won a total of 28 caps for England and was in the 1966 World Cup-winning squad, whilst was also the first winner of the PFA Players' Player of the Year in 1974.

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Liverpool still red hot, feels boss Jurgen Klopp

Jurgen Klopp believes there is still room for improvement from Liverpool despite their incredible Premier League campaign, which is on hold due to the coronavirus pandemic. The Reds were 25 points clear of second-placed Manchester City and on the verge of their first top-flight title since 1990 when football was halted last month. But Klopp said Liverpool, who won the Champions League last year and have only lost one Premier League match all season, could get even better.

"We will not change, that's the first thing, but whether we will be successful depends on what other clubs are doing as well because they have all the chance to improve things, do things better," he told Sky Sports. "So I have no clue what the future will hold for us. But we will not change, this team is not the finished article, and we have a lot of space for improvement, and we work on that.

"We have fresh blood internally coming through. We can improve with this team, which is great." Klopp does not believe football should be "forced back" after the COVID-19 shutdown but admitted it could have a positive impact on the mood of the country. There is no end in sight to the football lockdown in England but German football authorities are set to announce plans for Bundesliga matches to restart in empty stadiums on May 9.

"We are all at home, all isolated, we have no cases or stuff like this," said Klopp. "If we come together and train in groups of two or five or six or eight, I'm not sure when that will be possible, we have to wait for the government on that. We cannot force that and will not, because we can't, there's absolutely nothing for that.

"But if football can help in some departments with lifting the mood, giving something to think about and to deal with in a different way, then we have to start training at one point, but I don't know when that will be."

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David Moyes enjoys delivering fruits and vegetables

The Coronavirus-caused lockdown has brought sporting activities to a standstill across the globe with major events being cancelled or postponed. And EPL football manager David Moyes is making the most of the forced break by helping people near his family home on the Lancashire, UK, seaside.

According to a report in British tabloid, The Sun, West Ham's manager David has turned a fruits and vegetables delivery man. "When the virus first broke out, the fruits and vegetables shop in my village were asking for drivers to deliver fruits and vegetables. So I became a driver for the shop. I delivered it to all the people in the neighbourhood. I did it for about four days.

There was a sign in the window saying 'volunteers needed'. My wife was away at the time, I was on my own. I would knock, leave it and just check if they came to get it. I was thinking 'this is great'. I was actually enjoying it," said David.

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Singer Leigh-Anne Pinnock's 'dream wedding' with footballer Andre Gray is 'over'

Brit singer Leigh-Anne Pinnock's dream of a summer wedding to Wolverhampton-born footballer Andre Gray, 28, has been shattered and to say she is merely disappointed is an understatement.

Leigh-Anne, 28, and Andre were to tie the knot in a private ceremony before the Coronavirus-caused lockdown emerged as
a hurdle.

Talking about her secret wedding plans, the Little Mix music group star, Leigh-Anne, told British tabloid, The Daily Star: “The wedding is probably not going to happen now because we can't go anywhere. He's probably not going to do it in the house. So it looks like my dream is officially over. I've not really been planning it, but every girl has got the idea of what they want; it is a dream of mine.”

Leigh-Anne and the Watford player have been together since 2016 and were looking forward to be husband and wife. “We both want it so bad. If I wasn't in Little Mix, we probably would have started planning already.”

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Diego Maradona hails move to suspend relegation in Argentinian football

Football legend Diego Maradona, the manager of struggling Argentinian club Gimnasia y Esgrima La Plata, has praised the decision to suspend relegation from the country's top division until 2022.

The Argentinian Football Association (AFA) confirmed the move on Tuesday as it cancelled the rest of the top flight season amid the ongoing coronavirus pandemic.

The move spares Gimnasia from an almost certain drop to the second division, reports Xinhua news agency.

"It's not the end that we would have wanted, but it's a good decision," the 1986 World Cup winner told Argentinian newspaper Clarin.

"We were convinced that we were going to avoid relegation anyway. But this is reward for a group that has given everything for this club."

Gimnasia needed a strong showing in the Superliga Cup to have any chance or remaining in the top tier under Argentina's complex promotion-relegation system that considers results over a three-year cycle. The Cup competition was aborted last month after just one round.

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Argentina striker Paulo Dybala tests COVID-19 positive for fourth time

Argentina footballer Paulo Dybala has tested coronavirus positive for the fourth time in the last six weeks, according to media reports. This could come as a big blow for Juventus as Serie A had allowed players to return to individual training from May 4. "Spanish programme El Chiringuito stated Dybala has had four tests across the last six weeks and the latest one was positive again," the report in The Sun stated. Dybala was one of the first footballers to contract the virus along side Juventus teammate Daniele Rugani. In March, Dybala had taken to instagram to reveal he and his girlfriend both had tested positive.

Italy has been one of the worst hit countries in the world due to coronavirus pandemic as more than 200,000 people have been infected while in excess of 27,000 individuals have lost their lives so far. Italian sports minister Vincenzo Spadafora had earlier suggested that it would be easier to end the football season and if indeed the leagues do start, it should be a gradual process.

"It would be much easier to end the season immediately and the scientific community would agree," he wrote on his Facebook page. "Carrying on the world of football is a very important thing for our country, but we must do it safely. Remember when Serie A didn't stop? How many teams have gone into quarantine? The [Italian Football Federation] FIGC submitted a protocol and it was considered.

"Today we're at the end of April, we can't know for sure how the virus will evolve and how the rules will be respected, therefore we can't know when the season will resume.

"We've been working to resume training from May 18, but that doesn't mean the leagues will start up again," he added.

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Derby County thanks Wayne Rooney for wage deferral

Derby County have thanked captain Wayne Rooney for the leading role he played in the club agreeing a wage deferral with players to help the English Championship club survive the coronavirus crisis. Manager Phillip Cocu, his coaching staff, executives and non-playing staff have also deferred part of their salary. "First team players have voluntarily agreed a substantial deferral that is considerably more than has been reported in the media, while Phillip Cocu and his coaching team, and Chief Executive Officer Stephen Pearce and his staff have also agreed significant deferrals," Derby said in a statement.

"Talks across the club have been held in the spirit of unity and co-operation, and everyone has been fully committed to help and play their part. "The club would specifically like to thank Wayne Rooney, the team captain, and Curtis Davies, the Professional Footballers Association's club representative, for their help and support."

Derby seem set for another season in the second tier as they lay 12th in the table when the COVID-19 outbreak brought football to a halt last month. A failure to finish the season is forecast to cost Premier League clubs an estimated ?1 billion ($1.2 billion).

However, the effects of the economic crisis could be even more severe further down the football pyramid as many clubs face a battle to survive.

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Legendary footballer Chuni Goswami passes away at 82

Legendary former India footballer Chuni Goswami, who captained the 1962 Asian Games gold-winning team, died on Thursday after suffering a cardiac arrest.

The iconic sportsperson, who also played first-class cricket for Bengal, was 82 and breathed his last at a hospital here. He is survived by his wife Basanti and son Sudipto. "He suffered a cardiac arrest and died in the hospital at around 5pm," a family source told PTI.

Goswami was suffering from underlying ailments, including sugar, prostrate and nerve problems. Goswami played 50 matches for India as a footballer from 1956 to 1964. As a cricketer, he represented Bengal in 46 first-class games between 1962 and 1973.

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So long, Chuni! Legendary footballer Goswami was also a first-class cricketer

A little over a month after PK Banerjee's death, Indian football has lost another legend. On Thursday, Chuni Goswami, 82, who captained the 1962 Asian Games gold-winning team and also played first-class cricket, died here, survived by wife Basanti and son Sudipto.

"He suffered a cardiac arrest and died in hospital at around 5pm," a family source told PTI.

Goswami reportedly had blood sugar, prostrate and nerve-related issues.

Subimal 'Chuni' Goswami was born in the Kishoreganj district of undivided Bengal, now Bangladesh. The star striker figured in 50 international games from 1956 to 1964. He was part of the Indian team for the 1960 Olympics in Rome. His crowning moment came when he led India to an Asian Games gold medal in 1962 in Jakarta, two years before being part of the silver-winning team at the Asia Cup in Israel.

On the cricket turf, he represented Bengal in 46 first-class games between 1962 and 1973. He was conferred the Arjuna Award in 1963 and Padma Shri in 1983. The Indian Postal Department issued a commemorative stamp on his 82nd birthday in January to recognise his contribution to the game in the country.

A section of Mumbai cricket followers will remember Goswami's 96 (13x4) and 84 (10x4) against Ajit Wadekar's team in the 1968-69 Ranji Trophy final at the Brabourne Stadium where Mumbai claimed honours. "Chuni was more than a decent batsman, who had a good defensive approach. He was a fielder whom batsmen had to watch carefully. Being a footballer, he was agile and was exceptional at cover point and extra cover," recalled former Mumbai captain Sudhir Naik. Dilip Doshi, the ex-Test spinner, who played alongside Goswami for Bengal, also recalled those two innings at Brabourne. "Chuni da stood up to the occasion and played two sterling knocks. His will to fight it out was infectious and as a footballer and India's captain as well, we learnt the fitness attitude from him as youngsters. He had a great sense of humour which he timely applied to release tension in the dressing room," remarked Doshi.


Chinu Goswami

Former India captain Gundappa Viswanath, who like Goswami, was employed by the State Bank of India, rued the fact that they did not play together because of his (Viswanath's) international commitments. "Unfortunately, that opportunity never came because it would have been a pleasure to rub shoulders with such a versatile sportsperson, known also for his football talent. I will miss our dinner parties which he always planned as soon as I landed in Kolkata. Another regret is not attending his 80th birthday celebrations as I was ill at that time" Viswanath told mid-day from Bangalore.

Tweet talk

Praful Patel @praful_patel:

Another legendary Indian Footballer and a fine first class cricketer has left us today. Rest in eternal peace Shri. Chuni Goswami. My heartfelt condolences to his bereaved family.#ChuniGoswami #RIPLegend #IndianFootball @IndianFootball

President of India (Kovind)@rashtrapatibhvn:

Sad to hear about the passing of Chuni Goswami. In his demise India’s football fans have lost a legend. A versatile sportsman, he was a star in his own right. My heartfelt condolences to his family, friends and admirers

BCCI @BCCI:

BCCI mourns the death of Subimal ‘Chuni’ Goswami, an all-rounder in the truest sense. He captained the Indian national football team & led to them to gold in the 1962 Asian Games. He later played first-class cricket for Bengal & guided them to the final of Ranji Trophy in 1971-72

Sunil Chhetri @Chetrisunil11:

We’ve lost one of the leading lights of Indian sport today. Not too many can boast of being top-notch in two different sports. You played your part to the fullest, rest well, Chuni sir. Strength to
the family

With inputs from PTI, Clayton Murzello and Debasish Datta

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French football season over, Paris St Germain awarded title

Paris Saint-Germain were named as Ligue 1 champions on Thursday after France's football league declared the coronavirus-hit season over, leaving some other clubs disappointed and pondering legal action. PSG led the table by 12 points from Marseille when the season was suspended in mid-March because of the Covid-19 outbreak, which has killed over 24,000 people in France. The announcement by the LFP comes after Prime Minister Edouard Philippe said on Tuesday that "professional sports leagues, notably football, cannot restart" because of the pandemic.

"There is no ambiguity about this declaration. We needed to make a final decision about this season. We acknowledge that the 2019-20 season is over," said LFP president Nathalie Boy de la Tour, in a conference call with reporters. France becomes the biggest European league yet to end its season, just as its neighbours in England, Germany, Italy and Spain consider ways of resuming matches. Ruling out any possibility of copying the Netherlands, who voided their season without a champion, relegation or promotion, the LFP arranged a final table on the basis of average points per game.

Ten rounds of matches remained when the campaign was halted, although PSG and Strasbourg both had a game in hand. As a result, PSG are champions with an average of 2.52 points per game, with Andre Villas-Boas's Marseille second with an average of 2 points and qualifying for the Champions League.

Title dedicated to health workers

"We wish to dedicate this title to all health workers and other everyday heroes whose commitment and self-sacrifice throughout these long weeks deserve our admiration," said PSG president Nasser al-Khelaifi. It is PSG's ninth French title, the seventh in eight seasons for the Qatar-owned club being awarded in unique circumstances and with many of their foreign players -- including Neymar -- having returned to their home countries with France under strict lockdown. "We understand, respect and support the decisions taken by the French government to stop the season.

Health, as the government has always said, must be everyone's priority," added Al-Khelaifi, whose club still hope to be able to continue their Champions League campaign having reached the quarter-finals before action stopped. Rennes finish third and also qualify for the Champions League, while fourth-placed Lille will play in the Europa League.

Lyon to appeal?

Toulouse and Amiens, the bottom two, are condemned to relegation, with Lorient, as champions, and Lens coming up from Ligue 2. The usual promotion and relegation play-offs, meanwhile, have been ditched. However, Toulouse have kept open the possibility that they might now take legal action. The identity of the other European representatives depends on whether the finals of the two domestic cups are ever played. Large gatherings remain banned in France until September. However, if the French government and UEFA accept, both finals could be staged in early August with European places still up for grabs.

The LFP then hopes to begin next season by August 23 "at the latest". PSG were due to play Lyon in the League Cup final and Saint-Etienne in the French Cup final. If the games are played, Lyon and Saint-Etienne could qualify for the Europa League by winning. Otherwise, Nice and Reims would qualify by virtue of finishing in fifth and sixth in the league. Lyon -- seventh in the table when the season was stopped -- would otherwise miss out on European qualification for the first time in over two decades. Ironically, they were still involved in this season's Champions League when it was suspended, leading Juventus 1-0 after the first leg of their last-16 tie.

Lyon president Jean-Michel Aulas had previously stated his hope that the season could be played to a conclusion via play-offs in August and his club have now hinted at legal action. In a statement on Thursday, Lyon said they "reserve the possibility of trying to appeal against this decision and claiming damages and interest" and adding that "the losses for the club will come to several million euros". For all French clubs, the economic consequences of ending the season now could be dire. Resuming matches behind closed doors would have safeguarded TV income, but the loss for clubs in the top two divisions of remaining payments from broadcasters Canal Plus and beIN Sports is believed to be as high as 243 million euros ($266 million), plus 35 million euros for international rights.

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Fan asks Sunil Chhetri for Netflix username, password; he gets him a subscription!

India's star footballer Sunil Chhetri has gone out of his way in order to help a fan who approached him online in order to get a free Netflix account.

Not only did Sunil Chhetri give the fan a Netflix subscription but also handed him a personally signed jersey.. This was after this fan had asked Sunil Chhetri to share his Netflix ID and password during coronavirus pandemic. The fan also stated that the football captain could change the password after the lockdown is done.

Taking to Twitter, Sunil Chhetri posted a screenshot of a message he received on Facebook and wrote: "Jersey X Autograph on a picture X Reply to the post X Video wishing the neighbour's son's pet dog X. Here's someone who has priorities straight and it's really making me want to consider the demand."

Netflix India's Twitter handle took note of this message from Chhetri and went on to reply: "While we on that topic, could we also get your autograph on a picture?"

Sunil Chhetri then proposed a 'barter' deal and asked for a two-month free subscription for the fan in return for an autographed jersey from him.

He wrote: "In the true spirit of a barter, how about you guys hand the kid a two-month subscription and I will send a signed shirt and a picture your way? Do we have a deal?"

In reply, Netflix India's Twitter handle posted: "How about we send him both the jersey and a subscription card? Let's make his day."

To this, Chhetri replied: "Sounds great guys, now that we've got this figured out. Subscription for the kid, Shirt for the kid, Shirt for you guys."

The boy had earlier sent a Twitter post to Sunil Chhetri. Take a look at the shared post by the footballer.

Earlier, in a series of tweets, Chhetri had announced that the members of the Indian team had come together and 'put on table a sum that has been sent to the PM-Cares Fund' to help in the fight against coronavirus.

Inputs from IANS

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See Photos: Cristiano Ronaldo goes island hiking with girlfriend Georgina and son

The global lockdown caused due to the COVID-19 pandemic hasn't affected Portuguese football superstar Cristiano Ronaldo's workout regime.

 
 
 
View this post on Instagram

Discovering my island with the best company👨‍👦❤ï¸Â #madeiraisland #staysafe

A post shared by Cristiano Ronaldo (@cristiano) onMay 2, 2020 at 3:55am PDT

Before he returns to Italy next week, the Juventus player took partner Georgina Rodriguez and son Cristiano Jr to the scenic mountain top of the Madeira island for a hike on Saturday. He shared this picture of his son and him, with his 216 million Instagram followers and captioned it: "Discovering my island with the best company #madeiraisland #staysafe."

Meanwhile, Georgina posted this family picture (right) of them visiting the Ponta de Soo Lourenco (it means the Point of Saint Lawrence in Portuguese), the eastern point of the island, and wrote: "Punta de San Lorenzo #family #love."

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Algerian footballer Farid El Melali to face trial for indecent exposure

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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Salomon Kalou's handshake video leaves German politicians shocked

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




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Cristiano Ronaldo's girlfriend Georgina's latest photo sparks pregnancy rumours

Portuguese football superstar Cristiano Ronaldo, 35, could be expecting his fifth child going by an indication from his girlfriend Georgina Rodriguez, 26, via social media.

On Monday, just before leaving for Turin, Italy from Madeira in Portugal where they spent nearly two months, Georgina hinted in a social media post that she was pregnant.

She Instagrammed this blurred picture (above) of herself chewing gum with the words 'baby girl' accompanied by a heart wrapped in a bow emoji.



Cristiano has four children, Cristiano Jr, nine, twins Eva and Mateo, two, born via a surrogate mother and Alana Martina, two, from Georgina. Cristiano and his family arrived in Italy, where he will now self-isolate for two weeks before resuming training with his club, Juventus.

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

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




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German footballer Manuel Neuer dating teen student Anika who resembles ex-wife Nina

German footballer Manuel Neuer, 34, who split from his wife Nina only four months ago, is said to be dating a teenage student in Munich.

Bayern Munich's star goalkeeper is reportedly in a relationship with Anika Bissel, 19, a fashion management student, who also plays for a local handball club team named Kuties. Interestingly, Anika bears a striking resemblance to Nina.


Manuel Neuer's ex-wife Nina

According to leading German magazine Bunte, Anika owns a flat in Munich but is seen spending most of her time at the footballer's luxurious home.

It is learnt that 2014 FIFA World Cup winner Manuel is very serious about his relationship and has even introduced Anika to his mother, Marita.

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

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




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Movie Review: Judgemental Hai Kya

How will you define ‘normal’ human behaviour? And what is the criteria to be followed by a person that he/she can be considered as ‘normal’? We have seen in films like MY NAME IS KHAN [2010], TAARE ZAMEEN PAR [2007] etc. wherein the protagonists’ behaviour were such that they stood out and were even ostracized. But still they were special and earned respect in society after a long struggle. Now, writer Kanika Dhillon and director Prakash Kovelamudi bring us JUDGEMENTALL HAI KYA that tackles these issues but unlike the aforementioned films, this flick goes into an unconventional zone with even a murder occurring in the narrative. So does JUDGEMENTALL HAI KYA manage to entertain and thrill the audiences? Or does it fail to make the impact? Let’s analyse. <img class="aligncenter wp-image-1002336 size-full" title="Movie Review: Judgemental Hai Kya" src="https://www.bollywoodhungama.com/wp-content/uploads/2019/07/Movie-Review-Judgemental-Hai-Kya.jpg" alt="Movie Review: Judgemental Hai Kya" width="720" height="450" /> JUDGEMENTALL HAI KYA is the story of a woman with mental issues trying to solve a supposed crime. Bobby Batliwala Grewal (Kangana Ranaut) is an orphan who has lost her parents at a young age. She is partly responsible for their demise. Bobby grows up as a disturbed individual and her grandfather (Lalit Behl) takes care of her. She stays separately from him and works as a dubbing artiste for South films. She is on medication for her mental condition but she doesn’t consume her pills. She is in a relationship of sorts with Varun (Hussain Dalal) who is desperate to get physical with her. But she doesn’t give him the opportunity. At this point, Bobby gets a new tenant – Keshav (Rajkummar Rao) and his wife Meena (Amyra Dastur). Both are deeply in love with each other. Bobby spies on them and she starts to imagine herself with Keshav. However, she also gets intrigued since Keshav seems mysterious. In front of Meena, he pretends to be a non-smoker and a vegetarian. But Bobby catches him smoking heavily and also relishing chicken. She starts to trouble them and then it reaches a point where Keshav and Meena decide to move to another place. Before that can happen, a gas explosion occurs in their kitchen and Meena dies. The cops (Satish Kaushik, Brijendra Kala) begin their investigation. Bobby makes it categorically clear to them that Keshav has murdered Meena but doesn’t have concrete proof. The police officers interrogate Kehsav as well but realize it was a case of accidental death. Hence, they decide to close the case. An enraged Bobby assaults Keshav and she’s sent to mental asylum for a brief period of time. Two years later, Bobby seems to be in control. She’s started regular medication and her grandfather sends her to her cousin Megha’s (Amrita Puri) place in London to help in a stage production on Ramayana. All is going fine when Bobby gets a jolt when she spots Keshav. What happens next forms the rest of the film. Kanika Dhillon’s story is unconventional and quite promising and entertaining. Kanika Dhillon’s screenplay is interesting but in some parts, she falters. This is particularly in the second half where the film goes into another zone and doesn’t seem convincing. She however raises some interesting points on the idea of ‘normal’ and even draws parallel with Ramayana. Only if all these things had come together well, the impact would have been manifold. Kanika Dhillon’s dialogues suit the film, especially the ones mouthed by Kangana. Prakash Kovelamudi’s direction is appropriate and he uses his technical knowledge well. The film is very stylishly narrated which goes with its theme and also the title. In a few scenes, he shows his brilliance but goes over the top in the second half’s pre-climax especially. Also, a few scenes might seem difficult to digest, particularly the scene where Bobby confronts Keshav. He was treading line with this film and sadly, he trips at places and this affects the impact. <span style="text-decoration: underline;"><strong>Judgemental Hai Kya | PUBLIC REVIEW | First Day First Show | Rajkummar Rao | Kangana Ranaut</strong></span> <iframe id="jwiframe" class="playerFrame" src="https://www.bollywoodhungama.com/video/judgemental-hai-kya-public-review-first-day-first-show-rajkummar-rao-kangana-ranaut/?jwembed=1" width="800" height="340" frameborder="0" allowfullscreen="allowfullscreen"></iframe> JUDGEMENTALL HAI KYA’s intro scene shows the disturbed childhood of Bobby in a brief and concise manner. Once Bobby grows up, it takes a while however to get in the film’s flow. This is because the character is unconventional and unlike anything that we have seen in Hindi films. Hence her mannerisms, actions, way of living life etc. are not exactly ‘normal’. Things get interesting once Keshav and Meena arrive to reside at her place as tenants. Keshav also seems mysterious and the scene where he is fixing the fuse at midnight is quite nicely done. The Lonavala sequence also is funny. But it’s when Meena passes away that things begin to heat up. The intermission point is a shocker. Post-interval, the interest level is maintained with some unexpected developments. But this is also the point where bizarre things start happening in the film. One can argue even the first half had its share of bizarre stuff but in the second half, the makers go completely overboard. The film is still unpredictable but the theme and execution will restrict its audience to only multiplexes of urban areas. Performance wise, Kangana Ranaut nails the part. This was probably her most challenging part yet and she delivers as per expectations. Any other actress in her place would have to put a lot of effort and it might have made her performance mechanical. But Kangana slips into the part with ease and takes it to another level. Rajkummar Rao also gets to shine. He’s too good as the mysterious Keshav. But he’s at his best in these two scenes wherein he begs Bobby to spare him and his wife. Amyra Dastur is cute and plays the supporting part well. Same goes for Amrita Puri. Satish Kaushik and Brijendra Kala are apt for their respective roles. Hussain Dalal is a talent to watch out. He’s very funny and adds a lot to the film. Jimmy Sheirgill (Shridhar) is endearing in the special appearance. Lalit Behl is decent. Kanika Dhillon (Sita), also the writer of the film, is stunning and gets to play a fine part in the film. Songs don’t really make an impact. The title song stands out but comes at a time when the film turns very bizarre. <em>‘Kis Raste Hai Jana’</em> is okay. <em>‘Wakhra Swag’</em> appears during the end credits. Daniel B George’s background score however is way better and is zany just like the film’s theme. Pankaj Kumar’s cinematography is conventional and yet works in a film like this. Sheetal Sharma’s costumes are quite quirky especially the ones worn by Kangana Ranaut and she looks great. In fact, costumes add a lot to her character. Ravi Shrivastav’s production design is praiseworthy, especially for the Ramayana play. After’s VFX is average and the cockroach shots could have been more realistic. Shweta Venkat’s editing (with additional editing by Prashanth Ramachandran and Shieeba Sehgal) is fine. The duration of the film is just 116 minutes and that’s a plus point. On the whole, JUDGEMENTALL HAI KYA is a well-made film with powerful performances from both Kangana Ranaut and Rajkummar Rao. At the box office, it will cater mainly to the multiplex frequenting audience.




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Why Arbitrage Funds can be a Worthwhile Bet amidst the COVID-19 Pandemic

Posted by Equitymaster
      

During the COVID-19 lockdown, individuals are losing patience -- moving freely and not following the necessary social distancing. This lack of civic sense and maturity on their part is weakening our fight against the deadly contagion pathogen.

The capital markets, as a result, also has witnessed intense volatility and bears are running lose. Certain sections of investors, however, have shown tremendous maturity during these challenging times.

At a time when Foreign Portfolio Investors (FIIs) have net sold or dumped Indian equities (owing to markets worldwide falling sharply and margin calls being hit), domestic fund managers are looking for value-buying opportunities in the carnage of the markets.

It is also heartening to see retail and High Net-worth Individuals (HNIs) buying into various equity-oriented mutual funds in a lump sum as well as the SIP (Systematic Investment Plan) mode. Monthly SIP inflows have touched a record high in March 2020 and the SIP folios, too, surged to 3.12 crore.

However, in debt-oriented schemes, investors seem to be pressing the panic button. The mutual fund industry recorded a net outflow of Rs 1.95 trillion in March 2020. Barring Overnight Funds and Gilt Funds, all other sub-categories of debt mutual funds have reported an outflow in March 2020.

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Advance tax payment obligations, deterioration in asset quality, potential risk of defaults in the COVID-19 lockdown, and heightened volatility in the Indian debt market are some of the key reasons for outflows from debt-oriented mutual schemes.

[Read: Why Investors Pulled Out Money from Debt Mutual Fund Schemes in March]

The massive outflows were also seen from the Liquid Funds and Arbitrage Funds.

Table 1: Action in March 2020
Mutual fund category Rs in Crore
Net outflows in March 2020 Net AUM as on March 31, 2020
Arbitrage funds -33,767 52,210
Liquid funds -1,10,037 3,34,725
Overnight funds 26,654 80,174
(Source: AMFI, PersonalFN Research)

Unprecedented redemptions in the Arbitrage Funds and Liquid Funds, as well as the net inflows recorded by the overnight funds, suggest that investors preferred safety over returns. As you know, liquidity is a key concern as the world continues to fight the COVID-19 pandemic.

Some arbitrage schemes such as Tata Arbitrage Fund and ICICI Prudential Equity-Arbitrage Fund had stopped taking in fresh subscriptions in the third week of March 2020 for the lack of arbitrage opportunities as markets faced broad-based selling.

But now markets are finding some sort of stability and bouncing back -- rallied over 20% from March lows - although the bears continue to run loose.

So, is it a time to consider arbitrage funds again?

Yes, I think so.

Arbitrage Funds aims to exploit the price differential in two different segments (spot and futures or cash and derivatives) of the equity market. They buy stocks in the spot market and sell in the future market simultaneously thereby making gains with the price differential (called the spread).

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The differential usually is in sync with the prevailing interest rates in the economy; but depending on the market volatility, it could sometimes be higher as well. That being said, these are short-term opportunities that spring up due to lack of information to a set of market participants in one of the markets.

The capital market regulator's mutual fund categorisation and rationalisation mandates that an Arbitrage Fund must strictly follow the arbitrage strategy and invest at least 65% of its total assets in equity & equity related instruments.

Since the transactions are in either direction, the positions are completely hedged. And the remaining 35% of the total asset is deployed in debt and money market instruments.

In March 2020, when the stock futures started quoting at a discount to the spot prices in the cash market, it was a concern. But now that we have seen some sharp up-moves in the Indian equity markets as the government has done relatively well in containing the spread of the deadly virus (compared to other nations) and thanks to the prompt fiscal measures also have been taken -- both by the Ministry of Finance (the Rs 1.75 trillion package) and the Reserve Bank of India (by reducing policy rates sharply, keeping monetary policy stance 'accommodative as long as it is necessary', and ensuring enough liquidity in the system) -- in my view, it would be perceived positively by the markets in times to come and enough arbitrage opportunities would be available. It is possible that Arbitrage Funds may even perform a tad better vis-a-vis Liquid Funds.

Table 2: Report Card of Arbitrage Fund, Liquid Funds and Short Duration Funds
Scheme category Returns (Absolute %)
1 Month 3 Months 6 Months 9 Months 1 Year
Ultra-Short Duration Fund 0.65 1.44 1.89 4.91 6.51
Arbitrage Fund 0.04 1.33 2.58 4.18 6.28
Liquid Fund 0.58 1.37 2.69 4.21 6.02
Overnight Fund 0.22 1.02 2.25 3.58 5.1
Short Duration Fund 1.43 1.97 3.45 5.06 5
Crisil Liquid Fund Index 0.49 1.4 2.83 4.43 6.32
Nifty 50 Arbitrage Index -0.17 0.85 2.02 3.62 5.8
Category average returns presented
Data as on April 17, 2020
(Source: ACE MF, PersonalFN Research)

Over the last one year, the returns generated by Arbitrage Funds have been quite satisfactory. In fact, these funds have outperformed those clocked by Liquid Funds. The 3-month returns clocked by Arbitrage Funds have been almost at par with Liquid Funds.

Do note that an Arbitrage Fund carries low risk and the returns depend on the market conditions and fund manager's ability to reap rewards from arbitrage opportunities.

Short-Term Capital Gains (i.e. realised profits within a year) on arbitrage funds are taxed at 15%, while the Long-Term Capital Gains (i.e. gains made after staying invested for more than a year) are taxed at 10% for gains above Rs 1 lakh in a financial year.

To park money for the short-term for an investment time horizon up to 1-year, you may consider investing in an Arbitrage Fund.

And if you have an extreme short-term time horizon (of 3 to 6 months), consider a Liquid Fund with high-quality debt papers, which does not have high exposure to Commercial Papers (issued by private entities).

Alternatively, if you wish to park in a much safer category, you would be better off investing in an Overnight Funds.

Happy Investing!

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

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

Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

Every month, PersonalFN's FundSelect service will provide you with insightful and practical guidance on equity mutual funds and debt schemes - the ones to Buy, Hold, or Sell.

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

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



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

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




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Will Change in Valuation Norms Make Investing in Debt Mutual Funds Safe?

Posted by Equitymaster
      

Last month, SEBI had asked credit rating agencies not to consider any delay in payment of interest or principal loan amount arisen solely due to the nationwide lockdown conditions as a default.

The stress in the Indian mutual fund industry due to the pandemic impact deepened after Franklin Templeton MF decided to wind down six of its debt schemes. The lack of liquidity and redemption pressure compelled FTMF to take the extreme step.

In this economic environment, Mutual Fund houses are concerned about companies that are likely to delay and default in payments. Many companies have sought deferment/rescheduling of payment due to COVID-19 related disruptions. In order to minimize the resultant damage, market regulator SEBI recently provided temporary relaxation in valuation norms for instruments mutual funds hold.

SEBI has asked valuation agencies to avoid treating delays in payment of interest/principal or extension of maturity of a security as default for the purpose of valuation of money market or debt securities held by Mutual Funds, if it has been caused solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by RBI.

[Read: Will Mutual Fund Houses Act Against Companies Approaching Courts To Prevent Rating Downgrade Amidst COVID-19?]

"In view of the nationwide lockdown and the three-month moratorium/ deferment on payment permitted by RBI, a differentiation in treatment of default, on a case to case basis, needs to be made as to whether such default occurred solely due to the lockdown or loan moratorium", SEBI circular said.

SEBI has stated that in the above mentioned scenario, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted. This revised norm will be in effect until the RBI's period of moratorium.

However, AMCs shall continue to be responsible for true and fairness of valuation of securities.

Mutual fund houses have to mark the value of their assets based on valuations provided by valuation agencies appointed by AMFI.

At present, a debt or money market security is classified as 'Default' if the interest and/or principal amount has not been received on the day such amount was due; or when such security has been downgraded to 'Default' grade by a credit rating agency. Default denoted that the security is below investment grade.

This leads to mark down of the respective security and thereby impacts NAV of the scheme.

SEBI's move provides some relief in this regard. It will ensure that all fund houses follow a uniform approach while dealing with defaults/delay due to COVID-19.

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

Will it make investment in debt fund safe?

SEBI has not yet provided any moratorium on commercial paper and corporate bond repayment. According to a report published in Livemint, Rs 1.5 trillion worth of commercial paper and corporate bonds will be maturing in the first quarter.

As mentioned earlier, AMCs shall continue to be responsible for true and fairness of valuation of securities. But in the absence of rating downgrade from valuation agencies, fund houses cannot side-pocket their exposure to a defaulting company. Therefore, we may still see some write-offs if the AMC finds recovery to be difficult even after the relaxation period.

COVID-19 has impacted businesses across sectors. Some sectors such as NBFCs were under stress even before the pandemic. The default risk has thus amplified.

The relaxation of valuation would delay the issue, but downgrades would arise subsequently. Spike in number of side pockets (by fund houses) may thus become imminent.

My colleague, Rounaq, rightly mentioned yesterday, losses the investors suffer will be directly proportionate to the stress, pressure mutual fund houses and their investors will face. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

What should investors do?

In these uncertain times, it would be wise sticking to liquid funds and overnight funds for the fixed-income part of your portfolio and avoid funds that take higher credit risk. Alternatively, if you prefer safety of capital, invest in Bank fixed deposits.

Choose a fund house that follows prudent investment process and stringent risk-management system.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy, which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity.

SEBI has time and again taken steps to tighten norms for debt funds. As an investor, if you take portfolio risks, align it with your own risk appetite and financial objective.

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

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

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

Author: Divya Grover

This article first appeared on PersonalFN here.

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



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

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




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Franklin Templeton Fiasco: Here Is When You Can Expect to Get the Money Back

Posted by Equitymaster
      

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

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


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

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If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing...

Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run.

She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit'

We expect this to a huge event... with more than 10,000 people attending it LIVE.

You simply can't miss it.

Click Here to Download the Guide & Block Your Seat Now. It's Free.
------------------------------

Here is what you should know first...

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

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

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

Table 1: Maturity profile of wound up FTMF schemes
Scheme Name Investment Objective Macaulay Duration Average Maturity
Franklin India Ultra Short Bond Fund Investing in instruments with Macaulay duration between 3 months and 6 months 0.38 0.44
Franklin India Low Duration Fund Investing in instruments with Macaulay duration between 6 months and 12 months 1.17 1.45
Franklin India Dynamic Accrual Fund Investing across duration 1.97 2.71
Franklin India Short Term Income Fund Investing in instruments with Macaulay duration between 1 year and 3 years 2.43 3.14
Franklin India Credit Risk Fund A bond fund focusing on AA and below rated corporate bonds (excluding AA+ rated corporate bonds) 2.36 3.38
Franklin India Income Opportunities Fund Investing in instruments with Macaulay duration between 3 years and 4 years 3.92 5.32
Data as on April 23, 2020
(Source: Franklin Templeton Mutual Fund)

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

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

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

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

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

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

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

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

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

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

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

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

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

Way ahead for debt fund investors

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

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

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

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

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

Author: Divya Grover

This article first appeared on PersonalFN here.

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



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Tennis hottie Eugenie Bouchard agrees to go on date with random online fan!

Canadian tennis ace Eugenie Bouchard, 26, has agreed to go on a date with a random online fan for a charitable cause. The fan will pay her an amount which she will donate to feed hospital staff battling the Coronavirus pandemic.

After Genie put out a message on Twitter that she felt like "quarantine would be a lot more fun with a boyfriend," she received many messages from fans.

So, in an Instagram Live chat with sportscaster Allie LaForce, she decided to pick a viewer named Bob, who initially offered to pay GBP 400 (approx Rs 36,000) for the date.

LaForce however, upped the stakes further, demanding GBP 2,410 (approx R2 lakh), the expenditure to feed hospital staff on the tennis player's behalf. Bob agreed and Genie said yes. Interestingly, Genie asked Bob to get some toilet rolls along, to which, Bob agreed but offered an extra GBP 800 (approx Rs 72,000) if she spoke in a British accent.

An embarrassed Genie replied: "Why are you doing this to me, Bob? I'm going to say yes but I have no skill whatsoever in imitating accents."

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COVID-19: Sania Mirza waiting to get back to tennis court!

With the world coming to a standstill due to the coronavirus outbreak, sporting events across the globe have either been cancelled or suspended and Indias star tennis player Sania Mirza cannot wait to go back to the tennis court.

Taking to Twitter, she wrote: "Waiting to play tennis again like." Earlier, Sania had made her displeasure known as there has been a rise in the number of 'cooking' posts that celebrities are putting out on social media as they stay indoors to fight the coronavirus outbreak. Sania feels posting such pictures in these times is unwanted.

Taking to Twitter, she wrote: "Aren't we done with posting cooking videos and food pictures yet ? Just spare a thought - there are hundreds of thousands of ppl, specially in our side of the world starving to death and struggling to find food once a day if they are lucky."

After giving birth to her child in October 2018, Sania returned to the court in January this year. She clinched the women's doubles title at Hobart International, pairing up with Nadiia Kichenok, in her comeback competition.

Sania recently shared a photo of her son with a tennis racquet in hand, looking confused. "I am pretty sure he's thinking what the fuss is all about? #IzhaanMirzaMalik". Sania said in her Twitter post.

Sania last played at the Qatar Open in February. She has helped raise Rs 1.25 crore in one week which will help close to 1 lakh people in need during the 21-day lockdown to fight the coronavirus pandemic.

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




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Novak Djokovic, Roger Federer, Rafael Nadal have a relief fund plan during COVID-19

Novak Djokovic said that he, Roger Federer and Rafael Nadal are organising aid for players struggling with the paralysis of the game due to the Coronavirus pandemic. "I spoke to Roger and Rafa a few days ago," Djokovic, the World No. 1, said in an Instagram chat with friend and rival Stan Wawrinka on Saturday.

No support from federation
"We had a long conversation about the near future of tennis, what is going to happen, how we can contribute and how we can help especially lower-ranked players, who are obviously struggling the most. The majority of the players who are ranked between 200, 250 in the world, and the 700th or 1,000th do not have federation support, do not have sponsors. They are completely independent and left alone," he said. "Guys who are ranked between 200-250, especially to 700...are thinking of leaving tennis right now."

He said players, the ATP and the four Grand Slams "would all get together and will contribute to a player relief fund that ATP will distribute." "It looks, hopefully, that there will something between $3 million (2.75 million euros) and $4.5 million that is going to be distributed," he estimated. Djokovic said the cash could come from the prize money for the season-ending World Tour Finals or the final bonus pools for top players.

Lack of tournaments
"Maybe if we don't have any tournaments this season, we can take a certain percentage from our prize money from Australian Open in January," he said. "These guys are the grass roots of tennis. The future of tennis. We need to show them they still can rely on support of the top guys." According to reports in tennis media, Djokovic, as president of the ATP Players' Council, which also includes Federer and Nadal, proposed to members that players in the Top 100 for singles and the Top 20 in doubles contribute according to their rankings.

The proposed scale runs from $30,000 for a Top-5 player to $5,000 for those between 51 and 100. That would raise approximately $1 million and the ATP would make a similar contribution. On Friday, ATP chief Andrea Gaudenzi echoed the call for unity on the tour website. "Our guys are at home, obviously unable to play, unable to earn money and financially struggling, so we will try to help," he said.

"I've been quite touched by the top players who reached out, the big names expressing their desire of helping the lower-ranked players and putting those players first. We are also talking with the Grand Slams about it. They may want to join in the effort. I think it would be a great message for the sport." World tennis has been at a standstill since the beginning of March and will not resume until mid-July at the earliest following the postponement of Roland Garros and the cancellation of Wimbledon.

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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