After an elephant, monkey and wild bears, another heartwarming video of penguins roaming freely on the streets of Cape Town in South Africa has taken the internet by storm. The adorable video, which has gone viral now was shared by Twitter user Susanta Nanda, an Indian Forest Service officer who is working in Odisha. In the video, a small group of penguins can be seen strolling the streets of cape town amid the coronavirus crisis.

Penguins check the streets of Auckland, searching for the humans💕 pic.twitter.com/lEsiGSPes3

— Susanta Nanda IFS (@susantananda3) April 19, 2020

In the 27-seconds video clip, three penguins can be seen strolling the streets of Cape Town in South Africa and walking in a disciplined manner on the pavements of a society. In the adorable video, the three penguins can be seen following each other as they enjoy a leisure walk on the empty streets of Cape Town.

New Order.... Humans in Homely Cages,
Animals Come to See. https://t.co/JWNEOmILR5

— Pankaj Thapliyal (@PankajT04765688) April 19, 2020

IFS officer Susanta shared the adorable video with the caption: Penguins check the streets of Auckland, searching for the humans. However, Susanta was soon corrected by his one of his followers who said that the place is South Africa's Cape Town and not Auckland in New Zealand.

They have come to zoo for the humans 😍😍😍

— 𝓈𝓊𝒹𝒾𝓅 🇮🇳 (@iam_Sudip) April 19, 2020

The video which was shared on Sunday has garnered over 3,000 views and about 600 likes. Netizens were amazed looking at the play-time that the penguins enjoyed amid lockdown across the globe. One user said, "Wildlife love lock down," while another user commented, "This is so beautiful..." A third user jokingly said, "Joined army it seems...patrol duty."

Here are some of the best reactions to the video:

Joined army it seems...patrol duty

— P. Madhavi (@PMadhav45856047) April 19, 2020

That jump was cute.

— ajay (@Ajaychennai2) April 19, 2020

This is so beautiful...keep sharing such wonderful videos sir..

— Mangesh (@iammangs) April 19, 2020

Really sweet

— Asheesh Talwani (@AsheeshTalwani) April 19, 2020

What do you think of the adorable video?

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

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

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

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

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

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

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

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

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

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

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

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The novel Coronavirus outbreak has created an atmosphere of uncertainty but everybody has been trying to create hope in some way or the other.

This picture is of two fairy penguins standing side by side and comforting each other which watching the Melbourne skyline.

The Twitter user captioned the images, "Couldn't stop thinking about these penguins enjoying the Melbourne skyline together. So I found the original photographer and apparently they're both widowed. I can't handle it."

 

 

 

View this post on Instagram

Pinguins Part 2. “... Love is the only game in which we win even when we lose” The way that these two lovebirds were caring for one another stood out from the entire colony. While all the other penguins were sleeping or running around, those two seemed to just stand there and enjoy every second they had together, holding each other in their flippers and talking about penguin stuff. Pain has brought them together (see PART 1). I guess sometimes you find love when you least expect it. It’s a privilege to truly love someone, paradisiacal when they love you back. 📸 @tobiasvisuals • (Even though it is very similar to the previous image I thought it’d be a pity to not share it with you guys)

A post shared by Tobias Baumgaertner (@tobiasvisuals) onApr 13, 2020 at 5:01pm PDT

He also explained that the penguins had been standing on the rock for hours. He clicked the pictures about a year ago but shared them once again so that people could enjoy the heartwarming moment during such times.

According to him, it was a volunteer who revealed that the white penguin was an "elderly lady" who lost her partner and the one to the left was a "younger male", who lost its partner too.

"During times like this, the truly lucky ones are those that can be with the person/people they love most. I captured this moment about a year ago. These two fairy penguins poised upon a rock, overlooking the Melbourne skyline and were standing there for hours, flipper in flipper, watching the sparkling lights of the skyline and ocean. A volunteer approached me and told me that the white one was an elderly lady who had lost her partner and so did the younger male to the left. Since then they meet regularly comforting each other and standing together for hours watching the dancing lights of the nearby city. I spent 3 full nights with this penguin colony until I was able to get this picture. Between not being able or allowed to use any lights and the tiny penguins continuously moving, rubbing their flippers on each other's backs and cleaning one another, it was really hard to get a shot but I got lucky during one beautiful moment. I hope you enjoy this moment as much as I did. #lovewillalwayswin." (sic)

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

In Turkey, a man named Burak Soylu has been going around dressed like Spiderman.

He drives around in a Beetle, buys milk and groceries for the elderly, and delivers it to their doorsteps.

When he was asked why, he said "My superpower is doing good for the neighborhood." pic.twitter.com/KAYm3hyPyb

— Goodable (@Goodable) April 17, 2020

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

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

you forgot to add his best pictures.. here they are pic.twitter.com/9feElnkjg5

— Serhan (@serhanbilgin) April 18, 2020

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

And he's masked and gloved too! Good one, Spidey! 👏👏👏👏👏

— Omowunmie (@molarah26) April 17, 2020

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

Now that's what I call a friendly neighborhood spiderman..

— Dequondre Agee (@DequondreA) April 18, 2020

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

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

Spiderman! Spiderman!
Helps the elderly how he can!
Drives around, in his car!
Buys some food, drives it far!
Look out! Here comes a helpful man!

— Cleodora Silvestri (@drakkenmensch) April 18, 2020

This is truly theirs FRIENDLY NEIGHBOURHOOD SPIDERMAN. pic.twitter.com/Mye8pKyvJo

— AbeAbeStudio (@StudioAbe) April 18, 2020

Quality bloke!! Humanity need more people like this!

— The Darge Knight (@DargeKnight) April 18, 2020

😆So can we say Superman costume is Coronaproof? Hahaha 😂

— Özlem (@icbukeydis) April 19, 2020

This is humanity's at its finest

— jack (@jackdilnessa) April 18, 2020

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

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A video of an elderly man tearing up after receiving a gift from his caregiver has melted hearts online and the story behind it is extremely emotional. Ken Bembow, a British war veteran has been staying in a elderly assisting  facility and one of the care givers there noticed that he sleeps with his late wife’s photograph.

As she realized that sleeping next to a picture in a glass frame can hurt him, caregiver Kia Mariah Tobin came up with an idea to give Bembow a unique gift. She gifted him a pillow with his wife’s photo printed on it. The precious moment of Bembow tearing up while receiving the gift was captured on camera and was shared on Facebook that has touched hearts.

The care home where Bembow stays shared the video on their Facebook page, with the caption that reads, “We know our residents are missing their loved ones at this time but let’s not forget those who sadly aren’t here with us anymore.” The caption further detailed how Tobin presented him the pillow.

The video posted last week garnered over 4 lakh views on Facebook with more than 7,000 likes and was shared over 5,200 times. The users commenting on the video lauded the caregiver for giving Bembow a thoughtful gift.

A user said, “What a lovely thing to do, I’m sure lots of residents in isolation would appreciate one. What a wonderful reaction, bless him.” Another user said, “Such a beautiful moment. I can’t stop watching it.” One user said, “Absolutely beautiful!  So thoughtful and so special. What an angel Kia is, and wonderful to see the bond between  her and Ken.”  A user said, “ I cried watching this absolutely beautiful, amazing young lady, she should be so so proud of herself and to the boss, you have a diamond working for you, an absolute diamond.”

What do you think about the video?

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

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

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

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

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

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The Hong Kong airport is using several latest disinfection technologies including a full-body disinfection channel and cleaning robots to reduce the risk of the COVID-19 spread.

The disinfection channel is an enclosed facility similar to a telephone booth in size where users can complete disinfection and sanitizing procedures in 40 seconds, the city's Airport Authority (AA) said in a statement on Sunday.

The interior surface of the facility is equipped with antimicrobial coating which can remotely kill virus and bacteria on human bodies and clothing by using the technologies of photocatalyst and "nano needles" Xinhua news agency quoted the AA as saying, noting that the Hong Kong International Airport is the world's first to use the facility.

Currently, the disinfection channel is used by public health staff who bear quarantine duties at the airport.

Autonomous cleaning robots have also been used to ensure thorough disinfection of public areas and passenger facilities at the airport.

The cylindrical robots, equipped with ultra violet light sterilizer and air sterilizer, operate round-the-clock in public toilets and key operating areas in the terminal building, the AA said.

The robots can move around autonomously and sterilize up to 99.99 per cent of bacteria in its vicinity, including both the air and object surfaces, in just 10 minutes.

Besides, the AA is also conducting a pilot test of applying antimicrobial coating at all passenger facilities, including check-in counters, baggage trolleys and elevator buttons, among others.

After completion of the trial in May, the AA will consider implementing it as a long term disinfection measure. Hong Kong has reported 1,037 coronavirus cases with four deaths.

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British Airways may be forced to cut more than a quarter of its workforce as the coronavirus pandemic takes its toll on one of Europe's biggest airlines. Parent company IAG (ICAGY) said in a statement cited by CNN on Tuesday that the Airways is notifying labour unions about a restructuring program which will affect most employees and "may result in the redundancy of up to 12,000 of them." IAG, which also includes Spanish airline Iberia, said its first-quarter revenues declined by 13 per cent to EUR4.6 billion (USD 5 billion) as it swung to an operating loss of EUR535 million (USD 579 million).

The airline group warned that losses in the second quarter would be "significantly worse" and that it expects that "the recovery of passenger demand to 2019 levels will take several years." The warning echos a similar decision made by airline group Lufthansa (DLAKY), which owns national carriers in Germany, Switzerland, Austria and Belgium. Announcing earlier this month that it was permanently reducing the size of its fleet and shuttering one of its low-cost carriers, Lufthansa said that worldwide demand for air travel will take years to recover from the coronavirus.

"What we are facing as an airline ... is that there is no 'normal' any longer," British Airways CEO Alex Cruz said in a letter to staff that was released to CNN Business. "Yesterday, British Airways flew just a handful of aircraft out of Heathrow. On a normal day, we would fly more than 300," he added. The news comes as flight bans and nationwide lockdowns are threatening to bankrupt airlines around the world. The "mounting financial crisis" facing carriers could cause revenues to tumble by as much as 55 per cent this year, or some USD 314 billion, according to the International Air Transport Association.

Virgin Australia collapsed into administration last week, while sister airline Virgin Atlantic confirmed on Monday that it was on the hunt for outside investors to keep it alive. Virgin Atlantic, which is controlled by Richard Branson's Virgin Group, is also seeking a commercial loan from the British government. Earlier this month, British Airways furloughed 30,000 employees on 80 per cent of their regular monthly pay until the end of May, with the government covering the first PS2,500 (USD 3,100) under its coronavirus job retention program.

But Cruz said the outlook for the aviation sector had worsened in the last few weeks and measures taken to conserve cash were not enough. "There is no government bailout standing by for BA and we cannot expect the taxpayer to offset salaries indefinitely," he added. "Any money we borrow now... will not address the longer-term challenges we face," he wrote.

With no certainty on when lockdowns will lift or when countries will reopen their borders, British Airways has to "reshape" itself, Cruz said. "The scale of this challenge requires substantial change so we are in a competitive and resilient position, not just to address the immediate Covid-19 pandemic, but also to withstand any longer term reductions in customer demand, economic shocks or other events that could affect us," he added.

The collapse in air traffic puts about 6.7 million jobs at risk in Europe, according to IATA, which has called for urgent government action to "preserve air services."

In a similar circumstance, Air France-KLM (AFLYY) further announced on Friday that following "several weeks of discussions" with the French government and banks, it had secured EUR7 billion ($7.6 billion) in loans backed by the French state "to help overcome the crisis and prepare for the future."

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Almost 1.6 billion workers in the informal economy, nearly half of the global workforce, face an immediate danger of losing their livelihoods due to the continued sharp decline in working hours because of the COVID-19 outbreak, the International Labour Organisation (ILO) has said. Over 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added. The findings appear in the ILO Monitor third edition released on Wednesday.

Globally, there are some 3.3 billion workers. Two billion have jobs in the informal economy, the most vulnerable workers in the labour market. ILO said 1.6 billion in the informal economy "have suffered massive damage to their capacity to earn a living" as a result of the economic meltdown triggered by the COVID-19 pandemic.

Due to lockdowns or because they work in hard-hit sectors, these workers globally have seen a 60 per cent drop in income during the first month of the crisis. This translates into a over 80 per cent decline in Africa and the Americas, 70 per cent in Europe and Central Asia, and 21.6 per cent in Asia and the Pacific, the ILO said.

The ILO called for "urgent, targeted and flexible measures" to support both workers and business, particularly smaller enterprises and those in the informal economy.

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

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

Yavrusu biraz haylaz biri, annesi bulduÄŸu yerde kapıp götürüyor pic.twitter.com/GYvBXt3UQz

— Merve Özcan (@ozcanmerveee) April 27, 2020

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

As strange as it may seem, a cat walked into a hospital in Turkey seeking help for its sick kitten. Mother's love works in mysterious ways. pic.twitter.com/kD54sONpgL

— Naveed Trumboo IRS (@NaveedIRS) April 30, 2020

Here’s how the twitterati reacted:

Respected Sir,
awesome post.
U r absolutely right
That is called mother's love nobody can denies it.

— Kaleem-uddin Khaza (@Kaleem4u) April 30, 2020

Very intelligent mother

— Anamika Baruah (@AnamikaBaruah8) April 30, 2020

She wanted a scan done- a Cat Scan !!

— Manoj Sharma (@Sharma_Manoj) April 30, 2020

What do you think about the post?

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US President Donald Trump on Thursday threatened new tariffs against Beijing as he claimed to have seen evidence linking the novel Coronavirus to a lab in China's ground-zero city of Wuhan. Trump's comments undercut a rare public statement from his own intelligence community on Thursday which stated no such assessment has been made by them whether the COVID-19 outbreak began through contact with infected animals or if it was the result of an accident at a laboratory in Wuhan.

'I have evidence'

At his daily White House briefing on COVID-19 on Thursday, Trump was asked by a reporter: "Have you seen anything at this point that gives you a high degree of confidence that the Wuhan Institute of Virology was the origin of this virus?" "Yes, I have. Yes, I have," Trump said. He, however, refused to provide any details, except for saying that investigations are on and it would be out soon.

Asked what gave him a high degree of confidence that the virus originated from the WIV, he said, "I can't tell you that. I'm not allowed to tell you that."

The Office of the Director of National Intelligence said on Thursday it concurs with the "wide scientific consensus" regarding COVID-19's natural origins. The US has 1,069,400 confirmed cases of COVID-19.

WHO blamed for pandemic

Trump also blamed the World Health Organisation for the pandemic. "I think the WHO should be ashamed of themselves because they're like the public relations agency for China," he said. Trump, however, did not hold his Chinese counterpart Xi Jinping responsible for the global outbreak.

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Australian flag carrier, Qantas on Tuesday extended international flight cancellations till the end of July, but said that it was in a strong position to endure disruptions caused by the COVID-19 pandemic.

The company said that domestic flights would be cancelled till the end of June and international services until the end of July, adding that domestic and trans-Tasman services could be quickly reinstated should restrictions ease in coming weeks, reports Xinhua news agency.

"Australia has done an amazing job of flattening the curve and we're optimistic that domestic travel will start returning earlier than first thought, but we clearly won't be back to pre-coronavirus levels anytime soon," Group CEO Alan Joyce said.

"With the possible exception of New Zealand, international travel demand could take years to return to what it was."

The company, which includes budget branch Jetstar, also revealed it had secured a further A$550 million ($354 million) in debt funding, placing it in a stronger position to endure the COVID-19 crisis.

According to Qantas, by reducing expenditure and borrowing against its fleet of aircraft, the company could survive several recovery scenarios, including one where current travel restrictions persisted until December 2021.

The reduction in expenditure is largely due to the standing down of more than 25,000 staff who were forced to use leave entitlements before receiving delayed financial assistance from the government.

"The impact of this stand down is deeply regrettable but has been greatly softened by the Australian Government's JobKeeper program, which the Group commenced paying several weeks ahead of the official payment start date," the airline said in a statement.

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Several drugs approved for the treatment of hepatitis C viral infection have been identified as potential candidates against COVID-19 caused by the SARS-CoV-2 coronavirus, according to a study based on extensive calculations using supercomputer simulations.

Researchers from Johannes Gutenberg University Mainz (JGU) in Germany simulated the way that about 42,000 different substances listed in open databases bind to certain proteins of SARS-CoV-2, and thereby inhibit the penetration of the virus into the human body or its multiplication. Using the powerful MOGON II supercomputer operated by JGU and the Helmholtz Institute Mainz, the researchers made more than 30 billion single calculations within two months.

They found that compounds from the four hepatitis C drugs simeprevir, paritaprevir, grazoprevir, and velpatasvir have a high affinity to bind SARS-CoV-2 very strongly and may therefore be able to prevent infection. "This computer simulation method is known as molecular docking and it has been recognised and used for years. It is much faster and less expensive than lab experiments," said Professor Thomas Efferth from JGU, lead author of the study published in the Bulletin of the World Health Organization. "As far as we know, we were the first to have used molecular docking with SARS-CoV-2. And it is fantastic news that we have found a number of approved hepatitis C drugs as promising candidates for treatment," Efferth said.

The results are also supported by the fact that both SARS-CoV-2 and the hepatitis C virus are a virus of the same type, a so-called single-stranded RNA virus, explained Efferth. According to the researchers, a natural substance from the Japanese honeysuckle (Lonicera japonica), which has been used in Asia against various other diseases for some time now, might be another strong candidate against SARS-CoV-2. "Our research results now need to be checked in laboratory experiments and clinical studies," said Efferth. Molecular docking had already been used successfully in the search for active substances against the coronaviruses MERS-CoV and SARS-CoV, he added.

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Israeli Defence Minister Naftali Bennett on Monday said he witnessed a "significant breakthrough" by the country's biological research institute in developing an antibody to COVID-19 infection. Bennett visited the labs of the Israel Institute for Biological Research (IIBR), a secretive unit that works under the Prime Minister's Office, in Ness Ziona and was briefed by the research team, who revealed that the development phase of COVID-19 antibody or passive vaccine that attacks the virus and neutralizes it in the body has been complete, his office said in a statement cited by The Jerusalem Post.

IIBR is now working to patent its antibody and secure a contract for its commercial development. All legal procedures will be coordinated with the Defence Ministry. "I am proud of the Biological Institute staff, who have made a major breakthrough," Bennett was quoted as saying. "The Jewish creativity and ingenuity brought about this amazing achievement," he added.

Last month, IIBR announced that it had begun testing its antibody-based vaccine prototype on rodents. IIBR is also involved in plasma collection from people who have recovered from infection with the new coronavirus, in the hope that this might help research, the Post reported further.

A second Israeli research team, MigVax, has also reported that it is close to completing the first phase of development of a coronavirus vaccine. Last week, it secured a USD 12 million investment from OurCrowd to accelerate the path to clinical trials.

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The UK Government on January 6, 2020, released the synthesized text of the 2008 Netherlands-UK double tax agreement, as modified by the BEPS multilateral instrument.

On March 17, 2020, the Dutch Ministry of Finance announced that the Government has adopted a package of measures intended to protect the economy from the coronavirus epidemic, including several tax changes.

The UK Conservative Party has agreed to consider reducing the rate of Air Passenger Duty for airports in Northern Ireland after agreeing a coalition government with the Northern Ireland's Democratic Unionist Party party.

On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent.

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

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

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

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

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

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

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

In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

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

This is evident from the chart below:

India's Huge Lending Opportunity

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

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

• Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.
  
  The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.
  
  Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.
  
  Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.

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

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

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

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

BHEL share price has plunged 5% and is presently trading at Rs 23.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (down 0.9%).

Among the top losers in the BSE CAPITAL GOODS Index today is BHEL (down 5.2%).

SKF INDIA (up 5.2%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, BHEL has moved down from Rs 64 to Rs 23, registering a loss of Rs 40 (down 63.3%)..

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

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 12.2%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 3.8%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.27%).

BHEL Financial Update...

BHEL net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 22.6% to Rs 56.8 billion during the period as against Rs 73.4 billion in October-December 2018.

For the year ended March 2019, BHEL reported 44.1% increase in net profit to Rs 11.9 billion compared to net profit of Rs 8.3 billion during FY18.

Revenue of the company grew 5.3% to Rs 304 billion during FY19.

The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at 21.6x.

This article (BHEL Plunges by 5%; BSE CAPITAL GOODS Index Down 0.9%) is authored by Equitymaster.

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

International tax developments could have a negative impact on Luxembourg's tax revenues and economy, the International Monetary Fund has said in its latest Luxembourg country report.

The South African Revenue Service has announced that it will temporarily permit taxpayers to report information on controlled foreign corporations under the old filing rules, which were replaced in February.

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders.

The OnePlus Bullets Wireless Z earphones come with a magnetic stripe on the earbuds that pause music when attached.

Jio has introduced an annual work-from-home annual plan for Rs 2399 that gives its users 2GB daily data. It has also brought in three work-from-home add-on plans.

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE

Share price of Tata Motors slipped 2.36% intra day to Rs 84.85 compared to the previous close of Rs 82.50 on BSE

According to a PTI report, all state governments except Maharashtra have been paying for the railway costs to ferry passengers to their native places

In a letter to Banerjee, Shah accused the Bengal government of not allowing "shramik (worker)" trains to reach Bengal and warned that non-cooperation would create hardship for state's migrants

Globally, efforts are underway to develop a vaccine to treat Covid 19 which has stalled economic activity and led to death of over 2.77 lakh people across the world

TRA2020 conference in April 2020 has been cancelled

More information

Adar Poonawala, CEO of Serum Institute of India, says he is taking the risk of initiating production even before the vaccine has reached advanced clinical trials

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021

Nautilus, an international trade union for maritime workers, has welcomed the outcome of top-level talks on updates to the Maritime Labour Convention to include measures to address bullying and harassment and to safeguard seafarers' wages when they are held captive.

The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure.

The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries.

New chemical markers intended to be used in gas oil (diesel) and kerosene in the EU are more resilient to fraud than the one currently applied, and introducing a new marker might cost less than member states currently lose in tax revenues, a new EU report says.

Norway's reelected Conservative Prime Minister, Erna Solberg, has pledged tax cuts for companies to encourage higher investment, job creation, and economic growth.

Jio has also announced new add-on data packs under work from home theme

The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms.

Malaysia's Inland Revenue Board on January 11, 2018, released guidelines on applying for the resolution of double tax cases through the Mutual Agreement Procedure.

Experts believe there was already a visible turnaround in the pharma sector, both on the domestic as well as on the exports side even before any traces of COVID-19

Observing the need gap, two start-ups LazyPay and Spocto have launched products that will help you figure if you require the moratorium or not

The crisis served as a wake-up call for banks whose digital operations were growing at a snail's pace. They have started embracing the change

When you approach a lender for loan against mutual fund, it fixes a loan-to-value (LTV) ratio against it. It varies from one lender to another as per risk involved in the MF scheme and regulatory caps fixed by the RBI

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting.

Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country.

Ireland's 2018 Finance Bill legislates for a new exit tax regime compliant with the EU's Anti-Tax Avoidance Directive.

The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes.