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Chandigarh neurosurgeons reveal how he learnt Michael Jackson's anti-gravity lea


Michael Jackson

In the last few days, neurosurgeons Dr Sandeep Mohindra, Dr Manjul Tripathi and Dr Nishant S Yagnick, have all become mini celebrities at Chandigarh's Postgraduate Institute of Medical Education & Research (PGMIR). In between attending to OPD and other hospital duties, Mohindra and Yagnick have been fielding press questions, while Tripathi, currently in the UK pursuing a short course, has recorded a video to offer his version should the media approach. And, all this fuss is thanks to a 683-word paper that the trio submitted four weeks ago to The Journal of Neurosurgery which has been able to answer the question that many generations have pondered over: How did Michael Jackson manage his gravity-defying moves?

Blood on the Dance Floor
Mohindra, 45, and Tripathi, 39, have been working together for the last seven years. While Mohindra is an Additional Professor, Tripathi is an Assistant Professor and Yagnick, a registrar, has been with the institute for three years. Mohindra says the team of neurosurgeons at the institute had been reporting a lot of dance injuries — kids or amateur dancers coming in with spinal injuries from trying to copy dance moves off YouTube videos.


Dr Nishant S Yagnick and wife Shweta are amateur dancers, and regulars at contests and reallity shows

"While our textbooks have mechanisms of injury for certain sports or postures — say if you play cricket, this is the injury you are most prone to get, or this is how you will hurt yourself if you ride a bike without a helmet — not much research has been done in the field of dance. There are people turning on their heads and B-Boying, and when they come in with injuries, we wonder how they fractured these many vertebra in this specific way?"

The study began six months ago when Tripathi called in Yagnick, asking him to participate in a research to understand the bio-mechanics of certain moves. They zoomed in on MJ's anti-gravity lean which debuted in 1987.

Smooth Criminal
In the seventh minute of the video, Smooth Criminal, in which Jackson (then 29 years old), dressed in his trademark outfit, along with a group of dancers, leans forward — without bending his legs or taking any support — at an angle of 45 degrees. For the average human, this range is 20 degrees. "Medical science," says Mohindra, "fails when Jackson starts dancing."

The first thing that the trio found out was that a patent, registered under Jackson's name, made the move partially possible. "Along with fellow inventors, MJ developed a special shoe that had a slot in the heel. The triangular slot could engage a hitch member (a metallic peg, which emerged from the stage floor at just the right time), allowing the dancer to obtain the right amount of extra support to be able to lean forward beyond physiological limits. Alas, MJ's move was an illusionary trick." Yet, says Yagnick, even with this extra support, not everyone can do an MJ.


Dr Manjul Tripathi and Dr Sandeep Mohindra

Yagnick and his wife Shweta are both amateur dancers. While he has taken training in jazz and hip hop, his wife has added ballet, modern contemporary and Indian contemporary, to her repertoire. The couple regularly participates in reality shows, in fact in February they won a Punjab state-level contest. When the research idea was mooted, the couple tried to replicate the MJ lean, but realised that even with the support of the shoes, it was impossible. "We tried the angulation against the wall. Even when we held each other's feet and legs, we could not get his angulation," says Yagnick.

Speed Demon
There was then more to this. While studying various videos and trying to replicate the move, the doctors studied the muscles that come into play. To put it simply, when the human body leans forward, it's the core muscles (or the erector spinae muscles) that act like cables to support the suspended spinal column during the forward shift, preventing the body from toppling over. However, when the body leans further, the weight is transferred from the core to the to the ankle joints, "and strain is shifted to the Achilles tendon". The paper states: "This allows for a very limited degree of forward bending from the ankle joints, while keeping a stiff straight posture — unless you are Michael Jackson. Most trained dancers with strong core strength will reach a maximum of 25° to 30°..."


A] Drawings showing the "antigravity tilt" (>45° forward bend), the dance move introduced by Michael Jackson, in comparison to the normal limit of a human tilt (20° forward bend), as well as the conceptualized shoe designed by MJ and co-inventors. B] Shift of the fulcrum from the sacrum to the Achilles tendon in MJ's antigravity tilt; the pic on the right show MJ do the tilt in Smooth Criminal. Courtesy/Journal of Neurology

What then allowed Jackson to manage what few could? Several years of training and special exercises, not unlike perhaps what sprinters such as Usain Bolt perform daily. "If you see Bolt preparing for the 100 m dash, you will see the same forward bend," says Mohindra, adding, that for the most famous dancer in the world, the idea would have been to make his Achilles Tendon so strong that the two legs could hold his 60 kg weight when he shifted his weight on them. While the average tendon can hold 10k to 15 kg, for Jackson that weight almost doubled.

Heal The World
It could take months for a paper to get accepted by the Journal of Neurosurgery, but the curiosity of the gravity-defying lean is such that the journal's editor accepted it within 24 hours of submission. Not just that. Yagnick says they have been asked to continue the research with other dancers in order to understand where injuries originate and how some people, defy the spine. Hrithik Roshan, for instance, says Mohindra has scoliosis of spine i.e. an abnormal curve. "Yet, he is one of best dancers one has seen. He has, obviously trained his muscles to challenge these bio-mechanics."

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Green Humour: Comic Strip By Rohan Chakravarty

Missed out on last week's Green Humour? You can read it here.

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Sunday Cartoon: Cyrus Daruwala Presents - Zal

Missed out on last week's Zal? You can read it here.

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How Jivya Soma Mashe made Warli painting relevant then and now


Yashodhara Dalmia with Mashe and his family in the early 1980s. Pic/Maseeh Rahman

When art historian and curator Yashodhara Dalmia first met Jivya Soma Mashe in the early 1980s, the Warli artist had just started working on paper instead of the walls on which his peers and ancestors had for generations. "I found it inventive, brave and fascinating," says Dalmia, who authored The Painted World of the Warlis: Art and Ritual of the Warli Tribes of Maharashtra in 1988.

Traditionally associated with the rituals and ceremonies of the Warli community, who reside in the Maharashtra-Gujarat border, the art form found new horizons through Mashe, who passed away on May 15 in Ganjad village, Palghar. He was 84. On his passing away, he was remembered as the artist who popularised the folk art form, rendering figures on paper smeared with cow-dung or a red background, and nudging Warli into mainstream visual culture.


Mashe's The Fish Bowl

Cultural theorist and curator Nancy Adajania says that it is a misconception that Mashe 'popularised' or 'preserved' Warli. "He did neither. He invented Warli art, as we know it today. He was a pioneer," she says. Before him, there was no "Warli art" as such. In its ritual form, it was practised in the Warli community by its women, not men, who would paint on the walls of their houses, a sacred square with the fertility goddess, surrounded by human and animal forms. "But Mashe wasn't consecrating the goddess in his paintings. He was a witness to his times, using the existing vocabulary of the ritual form and creating a new one," she says.

Cultural historian, prof Jyotindra Jain, who included Mashe in his seminal exhibition Other Masters: Five Contemporary Folk and Tribal Artists of India (1998), says the artist went far beyond the conventional themes of Warli, infusing the form with a narrative quality. "In 1998, Jivya produced an epic work comprising two large paintings on wooden boards entitled: My Life. This work relates to memory — memory of fragmentation and fear," he says.


(From left) Former gallerists Kekoo and Khorshed Gandhy with Mashe (centre) at his 1975 solo exhibition at Chemould Pic/ChemoulD Prescott Road archive

Jain's observation cuts through common misconceptions about Warli being a simplistic 'folksy' art. In My Life, a bipartite work, Jain observes that in one section, Mashe ruthlessly depicts a railway line cutting a village in two, dividing the fields, the river, the families, and the community. The second section depicts the memory of Jivya's first visit to this city, arriving at the Mumbai Central railway station filled with an ocean of people. "Despite the limited vocabulary of thin, linear humans of the Warli idiom, Jivya powerfully characterises each figure, be it a coolie carrying luggage, a policeman chasing a thief, or a monkey jumping on to a roof," he says.

In his paintings, we find signs of modernity — schools, railway junctions, as well as a depiction of the crafty moneylender, observes Adajania. His themes may find growing relevance now, as they did then, particularly through what Adajania describes as 'an environmental ethic' — an interdependence of human beings with other living things. Recalling one of his most famous and captivating works, Fisherman, she says, "A vast cosmic net held by a speck of a human being overpowers the painting. But this is not an expression of a competition with the powers of the divine; instead, Mashe is transmitting an ethic of empathetic coexistence among species, even as he asserts his own artistic agency."

The commercialisation of Warli art these days, says Adajania, is a symptom of a chronic problem faced by these artists. "They are susceptible to exploitation, because there are two unequal economies in our art world — one for the contemporary artist, the other for the so-called folk artist," she says. As a practice running parallel to other contemporary practices, as Mashe's did with the Bombay Progressives, there is the continuing need to give the art form the place it deserves. Dalmia, when she remembers that first meeting with Mashe, says he was living in poor circumstances. He would soon become the first from his community to find recognition, both Indian and international, as an artist.

Mentored by Bhaskar Kulkarni, a senior member of Crafts Board, Mashe had his first solo exhibition in 1975 at Kekoo and Khorshed Gandhy's Gallery Chemould. It was the first time that an exhibition of an artist from an indigenous community was held at a contemporary art gallery. When the gallery shifted in 2010, from Kala Ghoda to Fort, the gallerists decided to bid farewell by revisiting Mashe's works, instead of a group show of any of the other stellar Modernists. "He was not just an artist who transported the ritual tradition into a parallel contemporary form of art, but also a man of vision. He could foresee that this art would convey the daily life of his people and his own life," says Dalmia.

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Lihaaf is about alternate sexuality, says Rahat Kazmi


Kashmiri filmmaker Rahat Kazmi is best known for his film Mantostaan

When Rahat Kazmi first shared the idea of making a film on Lihaaf with Tannishtha Chatterjee and Sonal Sehgal, they asked him if he would really dare to do such a thing. After all, Lihaaf has been fodder for controversy ever since Ismat Chughtai wrote it. It has been an uphill road for this Kashmiri filmmaker, who is best known for his film Mantostaan, that was based on four short stories by Saadat Hassan Manto. Kazmi's Lihaaf, that recently unveiled its first look at the Cannes Film Festival, has the world's attention now, especially, since Marc Baschet, Academy Award-winning producer came on board. Things are looking much more grand than Kazmi had imagined a year ago.

"I read Lihaaf for the first time as a teenager. I have always been drawn towards Urdu literature, having grown up in Kashmir. Stories of Chughtai and Manto are always fascinating. When you read them at a young age, they seem obscene, but as you grow older, you know better. My friends and I experienced something similar too. And I would keep going back to Lihaaf," says the 36-year-old. Having read it in English, Kazmi hunted down the Urdu version too, which was not easy given the controversy surrounding it. After it was published in 1942 in Urdu literary journal Adab-i-Latif, Chughtai had to defend herself in Lahore Court having being charged with obscenity. Kazmi's film, in fact, starts at the point where the police comes to Chughtai's house in [then] Bombay to summon her.


A still from the film

"The film has two parallel tracks — that of Lihaaf, the story, and that of the trial which is the outcome of the story. It's interesting that the story itself is a true account. Ismat's family confirmed to me that she indeed knew a begum on whom the story was based. And later, a grown up Ismat met her when she had remarried, and had children too," Kazmi says. It was not easy for him to convince Chughtai's family to grant him permission to make the film. "It's difficult for them to trust anyone. I met her daughter Sabrina and her grandson, Ashish Sawhny. When they got to know about Mantostaan, and the recognition it got internationally, they saw in me someone they could trust," he says.

In the film, Chatterjee plays Chughtai while Sehgal, Begum Jaan. Interestlingly, Baschet wanted to associate with the film after he saw the first cut. Until then, it was an independent production shot in three months. Lihaaf, Kazmi stresses, is not as much about homosexuality as it is about alternate sexuality. "This is a common misconception. Begum Jaan falls for her masseuse Rabbo only after she fails to find love in her husband. It's more about love and the need for physical affection." The visuals are a mix of risqué and suggestive. "The best thing about Chughtai and Manto is that they don't judge their characters. I have tried to do the same," he says. Now, as the film prepares for a world premiere — the choice is between Toronto and Venice — we ask Kazmi if he's concerned about reactions on home ground. "For me, it was cathartic to make it. As far as controversies are concerned, let's cross that bridge when we come to it," he says.

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Analysing Ahalya: Research centre invites film buffs to decode characters


A still from the short film Ahalya (2015)

We have all done it at some point in our lives. Watched a film or a documentary and played detective with it. Why does Anakin Skywalker get seduced by the dark side to become Darth Vader? Or, what is that makes Kareena Kapoor's character so confident and self-assured in Jab We Met? Or, what's the allure of the amoral Ma Anand Sheela in Wild Wild Country?

We love deducing human behaviour and motivations, especially those characters that seem to suggest one thing on the surface, and something else if you dig deeper. Which is why a recent screening of Ahalya, a short Bengali film made by Sujoy Ghosh, found nearly 120 takers at G5A Foundation in Mahalaxmi. A free screening by the Psychoanalytic Therapy and Research Centre (PTRC), the film was followed by a discussion through the lens of psychoanalysis.

Instead of looking at the film-making aspects, the psychological and emotional motives of the characters were the focus. Leading the discussion were psychoanalysts Nuzhat Khan and Micky Bhatia, faculty members at PTRC. "A great deal of our work and training, right from our students days, has got to do with mental illnesses, but there is a lot that we do which is not related to this. At seminars, we watched films, gaining a much deeper understanding of the characters," says Khan, recounting sessions where they have broken down films such as Black Swan, known for their obvious psychological depth, and also those such as Sanjay Leela Bhansali's Devdas.


PTRC's monthly screening followed by a psychoanalytic discussion. Pic/PTRC

Ghosh's film made headlines when it was streamed on YouTube in 2015, for its gripping plot that revisits the tale in The Ramayana. While you can look up the film online, Khan says that the discussion after the screening showed that there were several layers to the characters. One reading took on the young police inspector Indra's 'castration anxiety', one of Sigmund Freud's earliest psychoanalytic theories. Fearing punishment by Ahalya's husband, old enough to be his father, Indra tries to restrain his evident interest in Ahalya.

However, after he gets intimate with Ahalya, he is turned into a figurine — that's castration, symbolically, by the elderly husband showing the younger man who's boss. And, for that matter, Ahalya pretends to be an ingénue, while in fact she is a seductress. Once you explore these layers, says Khan, you will realise that there are no true villains in the film. "Had the filmmaker been there, he would have been aghast hearing our analysis," she laughs, adding, "Filmmakers, like other artists, express their subconscious or unconscious through their works. They are only semi-conscious of what they are doing. If they fully knew why, they may never make a film or any work of art.

"PTRC, a charitable trust, has been working in Mumbai for more than 40 years, almost quietly, to provide mental health services and also train professionals in the area. Given the rising interest in mental well-being, we use terms such as "repress" and "Oedipus complex" in our day-to-day lives. Banu Ismail, a child analyst and psychoanalyst with PTRC, says that at their film screenings, they open up discussions with the public to encourage different perspectives. "Psychoanalysis doesn't happen only in the consultation room. That said, there are several misconceptions about the area, and these events help clarify those," says Ismail, who will helm the next discussion of Gautam Vaze's Marathi short film, Aai Shapat on June 6 at G5A, focusing on anxiety guilt. The free screenings are followed by a lecture on another day, for which there is a registration charge.

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Three things to do in Mumbai on May 27

Andheri West
Roses in oil
Oil Painting is considered the master medium for painting for centuries and was the medium of choice for masters such as Leonardo Da Vinci. Today, you will learn the techniques of getting that rose just right.

When: 11 AM
Where: Doolally Taproom, Near Fun Republic Mall, Andheri West
Entry: Rs 2,150
Call: 7400171674

Beach Candy
Van Gogh's Starry Night
Mesmerised by this 1889 classic? Artist Snehal Patil will help you make your own version that you can proudly hang up in your own room.

When: 4 PM
Where: The Bombay Bronx,
Cumballa Hill
Entry: Rs 1850

Powai
An autumn morning
Wonder what that is considering Mumbai's heat? Artist Chrisann Rodr-igues will help you imagine it on canvas.

When: 3 PM
Where: Neel Indian Kitchen and Bar, Powai
Entry: Rs 1750
Call: 49455555

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Game review: Being Human is the story of three androids living out human lives

Detroit: Become Human is driven by a melodramatic story set in the US city of Detroit in 2038. The story is told through exploring the day-to-day lives of three androids Kara, Markus and Conrad. How the story unfolds and where it progresses to is all determined by the choices you make while playing these characters. Actions performed affect the people around you and, in turn, affect your interaction with them. There are no wrong or right choices in the game. No matter what you choose, there are people who are going to get disappointed in you.

The story is divided into tiny slices where you play one of the three characters. At the end of the slice you get a story-tree where you can see where the choices you made changes the story and multiple branches where the story could have ended up. The good news is you can replay the game and explore all the different choices. The characters are all-player by actual actors and, needless to say, this game looks amazing, its as close to a real human as a game can probably be right now. The facial movements in the game are well constructed. The world too is carefully crafted with elements of the past integrated with something modern.

It's the way things are now modern integrated with older structures. The three characters you play are also very distinctive and come from different strata of society, giving you a peek of how life might be in the future. Kara for example is an android owned by a violent unemployed man who is bitter about the way his life has turned out, while Markus starts out with a well caring owner that treats him as an equal and Conner is an employee of Cyberlife, the company that makes and sells the Androids and is investigating why the androids are turning into deviants.

The plot is the oldest in the book, which is sad. But the way it plays out and the options you have to make along the way make it more than intriguing. Your choices at times will hurt your soul and that is the object of the game, to make you connect and feel for the choices you make and its consequences. Even the menu narrator doesn't spare you from the emotional drama.

When you start the game, you are greeted by a Cyberlife android that is constantly on screen talking to you. It will make you fill a survey and will slowly and steadily make you feel for it. As mentioned, the core of the game is the story, but there are a few puzzles, some timed single button combat situations also thrown in. But most of the time, especially at the start, you are doing menial tasks: press this to open the door, twist this to wash the dishes and more boring instructions. Even though it was slow and boring, it gave us a window in the life of a robot slave. We wish, however, along with the upgrade in the emotional status they were allowed to do more than just walking to places and activating things.

If we really had to complain about anything, it would probably be the dialogue. It's not bad by any standard, but if it was better, this game could have been something else. Most of the dialogue and reactions are what you would expect someone who just got in to script writing to write. The lines are not crisp and fail to provide a punch, you couldn't or rather wouldn't want to quote any of the characters in the game. If you are looking for a movie experience like no other, Detroit Become Human is perfect for you. It is jam packed with twists turns and is an emotional roller-coaster. Much like a binge worthy series you will want to play this in one go and then repeat till you have explored all options and it doesn't hurt that it looks so good.

Detroit: Become Human
Rating: 4.5/5
Developer: Quantic Dream
Publisher: Sony
Platform: PlayStation 4
Price: Rs 3,999

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Weekly Planner: 20 Things to do around Mumbai from May 28 to 2 June

Enjoy a traditional roast lunch

12 PM - 4 PM: Spend your Sunday enjoying a traditional English roast lunch at British Brewing Company. The Sunday roast is a tradition in the UK where families sit down to enjoy roast beef accompanied by Yorkshire puddings, roast potatoes and baked vegetables. In the absence of the B-word, you can treat yourself to grilled lamb chop in cranberry demiglaze sauce, chermoula fish steak, wasabi chicken wings and eggplant parmigiana accompanied by offers
on beer.
Where: British Brewing Company, Times Square building, Andheri East
Call: 39698190

Head to a film fest
9.30 AM - 10 PM: It's the last day of Kashish, South Asia's biggest LGBTQ film festival, now in its ninth edition with a strong jury selection of films. Held at an iconic theatre in South Mumbai, the festival's line-up today includes short films, feature films (Evening Shadows and Fathers), and also a panel discussion with filmmakers. Refer to the website for the full schedule.
Where: Liberty Carnival Cinema, Marine Lines
Free
Visit: www.mumbaiqueerfest.com/kashish-2018-film-schedule/

Rock to Parvaaz
9.30 PM: Parvaaz is a Bengaluru-based rock group who sing mostly in Kashmiri and Urdu. If this rocks your boat, attend their gig this evening. Featuring, Khalid Ahamed (vocals), Mir Kashif Iqbal (guitars), Sachin Banandur (drums) and Fidel D'Souza (bass), the members have assimilated several psychedelic rock influences while keeping their roots intact.
Where: Todi Mill Social, Lower Parel
Entry: Rs 400
Call: 7506394240

Laugh out in Gujarati
7.30 PM: So laughter may not have a language, but jokes certainly do. Attend, Hass Ne Baka, a one-of-its-kind Gujarati stand-up comedy event. If you have been in Mumbai for a few years at least, you probably would have picked some words from the language. If not, this is a good chance to learn.
Where: The Cuckoo Club, Bandra West
Entry: Rs 250
Call: 9619962969

Savour the T20 finale
7 PM: The T20 draws to a close today with the big final match this evening. Nurse your cricket fever with unlimited beer, meant to keep you company till the last over. So, whether you are supporting Chennai or Hyderabad, round up your friends for an evening of fun.
Where: Drinkery 51, opposite Trident Hotel, BKC
Price: Rs 999 per head
Call: 40141100

Recall funny instances
8 PM: Embarrassing instances make for good stories in subsequent years. Attend an event where comedian Sumit Anand and his like-minded friends will regale you with hilarious stories from their personal lives. The edition will feature Vaibhav Sethia and Deep Chhabria, among others.
Where: The Square, Powai
Price: Rs 250
Log on to: insider.in

Shop organic from a farmer's market
8 AM – 1 PM: How about making it a 'fruitful' morning in South Mumbai? Head to an organic market organised by Better Foods and Harshita Narwekar, trustee of My Dream Colaba, for a chance to pick from stalls offering chemical-free produce to lead a healthier life. Think you can't make it this Sunday? The market will pop up again every Sunday until July 1, so mark your calendars.
Where: Lane behind Taj President, next to Mehr Naz, Cuffe Parade
Free
Call: 9010143322

Enjoy a evening of ghazals
7 PM: Don't relegate ghazals to the past. The night for the genre is still young. This evening head to Sun Beach Resort, to get mesmerised in this form of poetry that originated in 7th century Arabia. Your singer tonight is Ranjan Debnath. There's a special kids' zone too.
Where: Sun Beach Resort, Manori
Entry: Rs 1,000-Rs 1,500
Call: 8108750767

Relish a picnic platter
Gateway Taproom has curated an indoor experience to recreate the feel of a picnic. Three special craft beers will be on offer along with freshly baked flatbreads with a variety of toppings. The Valencia Orange Wheat comes with citrusy notes while the 'Mangonificent Flatbread' is made of mango, arugula pesto and feta, while the 'Appley Ever After' is a sum of apple, goat cheese, jaggery and walnut candy. Try pepper pig, a topping which is a mix of chorizo, mozzarella and red bell peppers. There's also a blend of grilled eggplant, pomegranate, feta and pine nuts.
When: 12 pm to 1.30 am, till May 30
Where: Gateway Taproom, Godrej BKC Building, Bandra East
Call: 26534748

Watch Farhan rock the stage
Farhan Akhtar, who has time again made himself heard on various social causes, has joined hands with the Cancer Patients Aid Association (CPAA), for a special concert. The aim of the concert is to raise awareness about the ill-effects of tobacco, to mark the occasion of World No-Tobacco Day. The show is titled Love for Life Begins with Music. CPAA is a registered charitable organisation working towards the cause of cancer patients for 49 years.
When: 7 pm, May 31
Where: Rangsharda Auditorium, Bandra Reclamation, Bandra West
Free
Call: 9821078882

Join a jashn
Go for a panel discussion on Urdu culture and how the Internet is helping the revival of the language. Urdu Culture Now, an initiative by Godrej Culture Labs, seeks to explore the state of Urdu culture in Mumbai. There will be art exhibits by Zeenat Kulavoor and Nasheet Shadani and a Soundzone with a specially curated playlist. Actor and storyteller Danish Husain will take centrestage with a Quissebaazi performance and Winit Tikoo will be performing a set of Urdu tunes. There will also be a pop-up bookstore and some authentic Lucknowi and Hyderabadi cuisine.
When: 5.30 pm, June 8
Where: Auditorium, 1st floor, Godrej One, Vikhroli East
Free
Call: 9167077830

Experience Indo-Greek art
Rekha Rana's exhibition Indus Streams and Delphi Hills has been in the making for nearly four years. The works give viewers a glimpse into the Indo-Greek era, drawing parallels between European and Indian art. The technique she has used for this show is mixed media on canvas. She has re-imagined Greek goddess Athena, wearing the headgear of Hippolyta, the queen of the tribe of the Amazons in Greek mythology. Rana has studied closely the influence of Western art on India and selected certain elements in her works.
When: 11 am to 7 pm, May 29 to June 4
Where: Jehangir Art Gallery, MG Road, Kala Ghoda
Call: 9930300064

A love story, or a game of manipulation?
Vrushali Telang's new fiction, Prime Time Crime (Vishwakarma Publications), has all the makings of a fast-paced, sensational thriller. Set against the backdrop of the Mumbai Underworld in 1999, Prime Time Crime tells the story of a young intern reporter, Ritika Khanolker and a gritty gangster, AT Pradhan. It all begins when Ritika wins his unwavering attention at the sessions courts after she asks him a strange question. Soon enough, she lands an exclusive TV interview with him. What follows is a torrid chemistry with both finding it difficult to stay away from each other. But, is the gangster manipulating circumstances and using her as a pawn, or is Ritika playing along so that she can catapult her career and become a star reporter. This love story gets only murkier, as you turn the pages of Telang's book. Telang's well etched out characters, racy plot and lucid writing, makes this one a brilliant page turner.

Pedal into the week
10.30 pm onwards: Want to cycle but the Mumbai summers won't let you? Try cruising on the roads on a midnight
electric cycle ride. Also, if you have been contemplating buying an electric cycle, this ride can serve as a trial. The trail covers 35 kilometres starting at Shivaji Park, on to Worli Seaface, Peddar Road, Girgaon Chowpatty, Nariman Point, before ending at Gateway of India, with a bite at Bade Miya.
28 Monday
Where: Meet at Shivaji Park Gymkhana, Dadar West
Entry: Rs 750
Log on to: instamojo.com

Learn some magic
1 pm onwards: You may have watched enough Penn and Teller and now you want to try and master a few tricks of your own. This session should get you started. Magic is not just about sleight of hand, there's also the fine art of performance that goes along with it. This workshop will teach you a few magic tricks, and along with it, the art of theatre that will add the final flourish.
29 Tuesday
Where: Quistic Learning Centre, opposite Oshiwara Police Station, Andheri West
Entry: Rs 5,000
Log on to: eventshigh.com

Watch Indian Ocean live
9 pm onwards: Formed in the early 90s, the Indian Ocean is one rock band that has managed to stand the test of time. Not only have they spearheaded rock music in the country, they have also held their own in an industry rife with remixes and fusion. Their sound has stayed consistently inimitable despite shuffles in the band lineup. From Sufism, politics, philosophy to religion, the words are as deep as their tune haunting.
30 Wednesday
Where: Flyp at MTV, Kamala Mills, Lower Parel
Entry: Rs 499
Log on to: insider.in

Meet a French Cinderella
6 pm onwards: Massenet's enchanting opera Cendrillon, based on the Cinderella story, had premiered at the MET. It features Joyce DiDonato as Cinderella, Kathleen Kim as the fairy godmother, Alice Coote as Prince Charming, Stephanie Blythe as evil stepmother Madame de la Haltiere, and Laurent Naouri as Pandolfe. This production was first performed at Santa Fe in 2006. The screening will provide English subtitles.
31 Thursday
Where: Dance Theatre Godrej, NCPA, Nariman Point
Entry: Rs 768
Log on to: bookmyshow.com

See a rare kind of jewellery
6 pm to 9 pm: Patola jewellery designed under the guidance of art revivalist Bela Shanghvi is a step towards bringing alive, the lost forms of Indian art. Her Nana Chowk store has been devoted towards preserving the craft heritage across 28 states and villages. While Patola saris are well known, this time one will get to see some rare jewellery from the region that would strike a perfect match with the elegant weaves.
1 Friday
Where: True Tramm Trunk, VL Mehta Road, JVPD Scheme, Juhu
Call: 7738993360

Learn to style your food
3 pm: Step into the world of food photography and food styling in an interactive workshop with the renowned food photographer Assad Daddan and food stylist Amrita Kaur. The hands-on session will include training on lighting, composition, exposure triangle, food styling and post processing. The styling session will involve learning finer nuances of food styling.
2 Saturday
Where: Palate Culinary Academy, Saffron Building, Linking Road,
Khar West
Entry: Rs 5,000-Rs 10,000
Log on to: insider.in

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Mumbai chefs on why it's perfect time to pick their own spices and condiments

Timut
At: The Clearing House, Ballard Estate


Pastry chef Husna Jumani sources timut from the Northeast. Pic/Bipin Kokate

It's not often that you come across a dessert with pepper. It's for this reason that Husna Jumani, head pastry chef at The Clearing House, decided to experiment with the timut, the popular Nepalese pepper, in their Greek yoghurt pannacota. "I had already tried using other varieties of pepper, so I thought timut would be a great addition because the flavour is pronounced. It is spicy, with hints of grapefruit," says Jumani, who sources it from the Northeast.

However, it's an ingredient that can work either way, she warns. "If used with the right combinations, it can elevate the dish like no other. Else, it will overpower the other ingredients." Apart from being a tricky ingredient, it's also an acquired flavour. "When people eat it, they might not recognise it or might not realise it's a spice. It has a spicy yet fruity undertone."

Green peppercorn and krachai
At: Izaya, Nariman Point

When restaurateur Farrokh Khambata launched Izaya last November, it wasn't just a new fine-dining address he was looking to introduce. What he also wanted to do was offer the diner an innovative range of spices. "It gets boring to cook with basil and bird eye chilies, when you are talking Thai food. I wanted to give things an overhaul," he says. He sought recourse in the aromatic, fresh green peppercorn, plucked from the Piper Nigrum vine, and the krachai or Chinese ginger, both found in Southeast Asia.


The green peppercorn is added at the end

At the restaurant, krachai finds its way into a sauce that accompanies the Australian barramundi or sea bass fillet, and the green peppercorn makes an appearance in the yakitori style-grilled chicken. Both are crushed on stone and added to the dish at the end.


Thai ginger. Pic/Bipin Kokate

"Certain spices like kadi patta require oil to bring out their essence, but not these," Khambatta adds. What gives these flavouring agents an edge is their freshness. "When it's in season, we use it fresh, which means that they have a short shelf life. But our dishes won't be the same without them."

Ajamoda
At: Olive Bar and Kitchen, Bandra


The lifecycle of the ajmoda plantsown at the restaurant. Pics/Ashish Raje

A couple of months ago, one of the chefs at Olive Bar and Kitchen, stumbled upon ajamoda or wild celery seeds on a trip to Kolkata. Curious, he decided to plant it and see what comes of it.

"It's only been four weeks since we decided to use it as a brine for the tuna jerky, because of its intense flavour," says head chef Rishim Sachdeva. A well-known Ayurvedic medicinal herb, the ajamoda belongs to the ajwain family and is native to West Bengal. The restaurant sources it from Vrindavan Farms in Palghar.

"We braise it and add it when the brine goes from warm to cold," he says. Interestingly, the guests have taken note. "Those who have tasted the dish have made it a point to tell us that there's something unique about the taste."

Pasilla Oaxaca
At: Xico, Kamala Mills


Chef Jason Hudanish with a range of spices at Xico. Pic/Bipin Kokate

Chef Jason Hudanish wanted to introduce the pasilla Oaxaca at Lower Parel's Xico for more reasons than one. "It's a dark red chill — smokey and fruity with a heat level that is sharp but not overwhelming. Also, it can be used in just about anything — soup, stew, rice or salad," he says. What works against it though, is that it's fairly expensive and not readily available unlike the more common pasilla pepper, a dried chili used in traditional Mexican mole sauces.

The pasilla Oaxaca is produced only in the hilly Oaxaca region of southern Mexico. Here, it is used to make the hearty tortilla soup and borracho salsa, their table side sauce. Apart from pasilla Oaxaca, you'll also find that the achiote, a red paste made from grinding Annatto seeds with oregano, cumin, cloves, allspice berries, black pepper and salt. "It's powerful and pungent. We use it in the slow roasted pork, but warn people before serving it," he says.

Peela Masala
At: All Elements, Khar


The peela masala has been concocted using 12 different spices. Pic/Bipin Kokate

All Elements might be a young, two-month old café, but the cooking techniques it employs are age old. In fact, the peela masala used to spice up the seafood and vegetarian appetisers, is a legacy dating back three generations.

"My grandmother, Harbans Bedi, created this spice mix using 12 ingredients that she would source from local shops in Mazgaon. For me, she's the real mistress of spices," laughs proprietor Gudiya Chadha. The ingredients include star anise, coriander seeds and clove, among others. Understandably, the flavour is strong and hits you the moment you open the lid of the container. "A pinch is all you need. Else, it will overpower the dish."


Gudiya Chadha

Sassafras powder
At: Toast and Tonic, BKC


Pic/Ashish Raje

At Toast and Tonic, most marinades and mixes are prepared in house, using indigenous ingredients. The sassafras powder, therefore, is an exception. Also called a Gumbo filé powder, it comes from a sturdy tree in Louisiana.

At the restaurant, you'll find the powder stored in glass jars. "It is popular for creole and cajun cooking. We use it for both, flavour and texture in traditional gumbo, because it not only thickens the broth, but also lends it an earthy flavour," says sous chef Chirag Makwana. Filé powder is generally added at the end of cooking, or stirred into hot gumbo right before serving. They also sprinkle a pinch on their prawn flatbread for flavour.

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'Firewall' for smartphones may protect your privacy

Representational Image

Scientists have developed the first ultrasound-firewall that can prevent hackers from eavesdropping on hidden data transmission between smartphones and other mobile devices. The permanent networking of mobile devices can endanger the privacy of users and lead to new forms of monitoring.

New technologies such as Google Nearby and Silverpush use ultrasonic sounds to exchange information between devices via loudspeakers and microphones. More and more of our devices communicate via this inaudible communication channel. Ultrasonic communication allows devices to be paired and information to be exchanged.

It also makes it possible to track users and their behaviour over a number of devices, much like cookies on the Web. Almost every device with a microphone and a loudspeaker can send and receive ultrasonic sounds. Users are usually unaware of this inaudible and hidden data transmission.

Researchers from the St Polten University of Applied Sciences in Austria has developed a mobile application that detects acoustic cookies, brings them to the attention of users and if desired, blocks the tracking.

The app is, in a sense, the first available ultrasound-firewall for smartphones and tablets "The most challenging part of developing the app was to devise a method that can detect different existing ultrasound-transmission techniques reliably and in real time," said Matthias Zeppelzauer, who led the project.

Such ultrasonic signals can be used for so-called "cross-device tracking". This makes it possible to track the user's behaviour across multiple devices, and relevant user profiles can be merged with one other. In this way, more accurate user profiles can be created for targeted advertising and filtering of internet content.

Unlike their electronic counterparts when visiting web pages, up to now it has not been possible to block acoustic cookies.

"In order to accept voice commands, the mobile phone microphone is often permanently active. Every mobile application that has access to the microphone, as well as the operating system itself, can at any time without notice: activate the microphone of a mobile device, listen to it, detect acoustic cookies and synchronise it over the Internet," said Zeppelzauer.

Users are often not informed of this information transmission during ongoing operation. Only a permanent deactivation of the microphone would help, whereby the device as a telephone would become unusable. Researchers developed a procedure to expose the cookies and inform device users. For masking and blocking the ultrasonic data transfer, interference signals are transmitted via the loudspeaker of the mobile device.

Thus, acoustic cookies can be neutralised before operating systems or mobile applications can access them. Users can selectively block cookies without affecting the functionality of the smartphone. The masking of the cookies occurs by means of ultrasound, which is inaudible to humans.

"There is currently no technology on the market that can detect and block acoustic cookies. The application developed in this project represents the first approach that gives people control over this type of tracking," said Zeppelzauer.

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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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Twitter was down for a while on Saturday

Twitter became unavailable for many users after the site stopped working at about 3.20 p.m. EST on Saturday, media reported. According to Down Detector, the outages were mostly reported along the East Coast of the US and in western Europe. The Twitter outage map showed very little outages on the West Coast of the US, Newsweek reported on Saturday.

When users visited Twitter on Saturday, they were greeted with an error message -- "something is technically wrong. Thanks for noticing-we're going to fix it up and have things back to normal soon", the report said.

"Twitter doesn't work on the tablet either have to do this from my phone. Won't load my tweets but is logged into my account," one Down Detector user wrote.

"Omg why are my twitter notifications not working," another said.

Twitter appeared to be down across platforms; both for iOS and android as well as desktop and third-party sites like Tweetdeck.

Around 3.40 p.m., many users reported that Twitter started working again, the report said.

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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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Google rewards Uraguyan teenager for finding security flaw

Representational Image

Google has rewarded an Uruguayan teenager a "bug bounty" of more than $36,000 for disclosing a severe security flaw. Ezequiel Pereira's sporadic poking around has finally paid off in a big way: Google just awarded the Uruguayan teenager $36,337 for finding a vulnerability that would have allowed him to make changes to internal company systems, CNBC reported on Saturday.

"I found something almost immediately that was worth $500 and it just felt so amazing. So I decided to just keep trying ever since then," Pereira was quoted as saying by CNBC.

"It feels really good - I'm glad that I found something that was so important," he added.

Although, Pereira found the bug earlier this year, he only just got permission to write about how he discovered it this week, after Google confirmed that it had fixed the issue, the report said.

It marks Pereira's fifth accepted bug, but it's by far his most lucrative.

Pereira was about a month shy of 17 when he first got paid for exposing a Google security flaw through its bug bounty programme.

Pereira got his first computer when he was 10, took an initial programming class when he was 11 and then spent years teaching himself different coding languages and techniques.

In 2016, Google flew him to its California headquarters after he won a coding contest.

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

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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Menstrual Hygiene Day: Here's why exercising on period is best for your body

Dr Shilpa Agrawal

In Poland, women on their period were once asked to refrain from having sexual intercourse for fear that they would inadvertently kill their partners. Italian women had to steer clear of all contact with water, while Bolivian women were taught to avoid cradling babies so they wouldn't make them sick. The superstitions surrounding menstrual health are many, as this 2017 study conducted by Clue, a menstrual cycle-tracking app, indicates. The opinions become that much more vociferous when it comes to exercising while on your period. Whether for sanitary or health considerations, women have often been advised to lie low and take it easy during that time of the month.

"For ages, women have been shamed into silence about their periods, which breeds misconceptions. Many also suffer from cramps, migraines, nausea and bloating during their period, and are concerned that working out could harm their health. The truth, however, is that smart exercise plans and correct nutrition can go a long way in promoting menstrual health," says Arpita Boyd, certified fitness trainer and specialist in pre- and post-natal fitness. "Regular exercise is beneficial for women, especially those suffering from polycystic ovarian syndrome (PCOS), a hormonal condition that affects up to 18 percent women around the world," says Dr Shilpa Agrawal, high-risk pregnancy and foetal medicine specialist at Jaslok Hospital and Research Centre. Regular exercise has been found to boost fertility, reduce insulin resistance, increase the body's metabolic rate and improve its composition, she says.


Munazza Habibulla

Fitness pros share tips on exercising during menstruation.

Swimming
"Women are often asked to refrain from swimming or water-related activities while on their period, ostensibly for sanitary reasons. However, swimming offers a number of benefits during those few days," says Munazza Habibulla of Swimming Matters. "The natural buoyancy of water prevents bleeding and also ensures that tampons stay in place," she elaborates.


Nisha Millet

Former Olympian Nisha Millet adds, "Competitive swimmers cannot afford to lose four days of training in a row. Women can safely enter the pool with a tampon — choose a size that works well for you — or a menstrual cup. Sanitary pads and panty liners, however, are strict no-nos." The only time when swimming should be avoided is when you are experiencing severe cramps, aches and pains.


Arpita Boyd

Weight training
The key to a successful weight training regimen during your cycle lies in understanding how your body reacts during the various phases, says Arpita Boyd. "The first 14 days are the follicular phase, during which women can achieve greater strength and produce more power. They are also likely to feel less pain and recover faster," she explains. The next fortnight is the luteal phase, during which your body's oestrogen and progesterone levels surge. Exercise may feel harder during this time due to bodily changes. To manage these, she recommends staying hydrated, avoiding foods rich in nitric oxide (spinach, beets, pomegranate), and increasing your protein intake. This, combined with the right stretches can ease symptoms and allow you to lift weights.


Sheetal Shah

Pilates
Sheetal Shah, founder of Core Pilates Studio, believes that the exercise form can greatly alleviate PMS symptoms such as bloating and cramping. "Pilates helps to stretch and open up the body, and also strengthens your deep abdominal muscles. Focusing on your breathing during these workouts can help alleviate tension in the body and promotes relaxation. Pilates also promotes the release of endorphins — the body's natural painkillers — which is another important reason why it works so well during your menstrual cycle," she says. Further, Pilates can help build lean long muscle and reduce the body's fat percentage, which normalises hormone levels and improves reproductive health, she adds.


Ishita Malaviya

Surfing
Ishita Malaviya is India's first female professional surfer and a big believer in not letting your periods get in your way of enjoying the surf. "I can surf just fine with a tampon, and always make sure to change frequently to prevent rashes and infections," she says. She claims to have never missed a day of surfing, even on the first day of her menstrual cycle.


Smiley Suri

Zumba
Zumba workouts offer many benefits to women on their cycle. Sucheta Pal, global brand ambassador for Zumba, shares, "The workouts focus on the hips and pelvic region, increasing core and trunk strength. Exercise also releases endorphins, which make regular workouts a must for women like me who suffer premenstrual hormone-induced mood swings." Pal often trains for several sessions at a stretch while on her period. "[According to gynaecologists] you lose only about four tbsp of blood during your entire cycle, which isn't that big a deal. You must learn to understand your body and modify your movements accordingly," she adds.


Sucheta Pal

Pole dancing
Pole dancer and trainer Smiley Suri found that pole fitness played a major role in managing her PCOS and thyroid condition, while also helping regularise her menstrual cycle. She recalls her instructor asking her to get on the pole on the first day of her cycle, even though she was experiencing cramps and felt bloated. "I was surprised at how much better I felt after the session," she admits. Although many instructors ask women to avoid inversions during their period, Suri believes that these can actually increase your flow and reduces cramps. She emphasises the importance of hygiene during this time.

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Tax-News.com: EU Hails Victory In WTO Case Against Russian Duties

The European Commission has hailed victory in a World Trade Organisation case concerning Russian anti-dumping duties on certain light commercial vehicles from Germany and Italy.




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Tax-News.com: Russia Begins Levying Google Tax

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Tax-News.com: Russia To Hike VAT Rate To 22 Percent By 2019

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Tax-News.com: China To Probe Dumping Of Styrene by US, Korea, Taiwan

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Tax-News.com: Technology Cutting Tax Compliance Burden: Paying Taxes 2018

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Tax-News.com: Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

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FM Nirmala Sitharaman Inherits an Economy Facing a Number of Headwinds

Posted by Equitymaster
      

A former defense and trade minister, Nirmala Sitharaman became the first woman finance minister of India after Indira Gandhi.

She has inherited an economy facing a number of risks.

She faces immense challenges as finance minister. India's economy is starting to splutter on the back of a slow-down in consumption and private investment.

Fixing this and jump-starting the economy are the first order of business.

The data released on Friday was disappointing at different levels.

Lower growth in GDP, stagnant growth in core sector in April 2019, and the government just about managing the 3.4% deficit number in FY19 pose puzzles for the new Cabinet which assumes responsibility of kick-starting the economy.

A look at key macroeconomic indicators presents a gloomy picture.

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Sinking GDP Growth Means FM Nirmala Sitharaman has to Push for Sweeping Reforms

According to the data released by the Central Statistics Office on Friday, gross domestic product (GDP) grew by only 5.8% in the last quarter of financial year 2019 (FY19), between January and March.

GDP Growth Slips to 5-Year Low


The data demonstrates GDP growth slowing steadily, from 8 to 7 to 6.6% in the first three quarters of FY19.

The signs of slowdown are visible throughout the economy.

Growth of Core Sector Industries Remained Flat

India's core economy grew at 4.3% in FY19, its second slowest pace in the past 5 years, down from 4.9% in FY15, according to latest data by the ministry of commerce and industry.

The 8 core industries include Coal, Crude Oil, Natural Gas, Refinery, Fertilisers, Steel, Cement, and Electricity.

8 Core Sectors Report Flat Growth in FY19


The growth rate is also flat since fiscal FY18 which had also recorded a 4.3% growth.

Manufacturing and Services Sector Activity Decelerates

Core sector growth will have a direct impact on the Index of Industrial Production (IIP) as these sectors account for a major chunk of total factory output.

Worries Rise as Factory Output Shrinks in March


The Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers' Index (PMI) are used to gauge the level of activity in the manufacturing sector.

What Does the PMI Say?


The country's manufacturing sector performance fell to an eight-month low in April as new business growth moderated, curbed by the elections and a challenging economic environment.

The Nikkei India Manufacturing Purchasing Managers' Index declined from 52.6 in March to 51.8 in April, reflecting weakest improvement in business conditions since August 2018.

However, this was the 21st consecutive month that the manufacturing PMI remained above the 50-point mark.

In PMI parlance, a number above 50 means expansion, while a score below that denotes contraction.

The April PMI data indicated a softer increase in new orders had restricted growth of output, employment, and business sentiment.

Further, the Indian service sector lost momentum in April, with rates of new business and output growth both cooling to seven-month lows.

Indian Service Sector Loses Momentum Too


Falling from 52.0 in March to 51.0 at the start of FY19, the seasonally adjusted Nikkei India Services Business Activity Index pointed to the weakest upturn in output since last September.

Besides these, there are many other indicators of a slowdown.

A decline in consumer demand, a slowdown in government spending, and weak private investment have likely impacted India's growth in the fourth quarter.

One such high frequency indicator is automobile sales.

What do these numbers indicate?

Vehicle sales are a very important economic indicator about how the people of India feel about their economic prospects.

After all, no one is forcing anyone to buy a car and given that if a consumer buys a car, he chooses to make a down payment and/or take on an EMI.

This is only possible if the consumer is feeling positive about his future economic prospects.

Automobile Sales Skid as Demand Remains Sluggish


On Saturday, India's largest carmaker, Maruti Suzuki, reported a 22% decline in sales in May, the lowest in seven years.

Other auto-makers such as Tata Motors, Eicher Motors, and Hero Moto Corp reported declines in sales too.

All these economic indicators basically provide evidence of the Indian economy slowing down further since January 2019.

Another major area that needs immediate attention by the government, is job creation.

According to a CMIE survey, the unemployment number stands at 41 million people. That is too big a number to be ignored.

Now, job creation at such a mass level won't be a walk in the park. To set the wheels in motion, the government will have to look at infrastructure spending.

Capacity expansion in new projects has seen a gradual slowdown in the past few years.

Infra Capacity Expansion Likely to Be the Key Focus of the Modi Government


From Rs 3.3 trillion in June 2018, the number has come down sharply to Rs 2.1 trillion as of March 2019.

Co-head of research, Tanushree Banerjee believes this is first area the government will look to focus on.

Apart from creating jobs in the infrastructure sector, it opens a lot of other avenues.

Here's an excerpt of what she wrote in The 5Minute WrapUp:

  • Better infrastructure will mean better connectivity to non-metros. This will attract manufacturing companies to set shop in these towns. It will give a boost to the urbanisation of the population.

    This is a trend I see clearly playing out in the coming years.

    Infrastructure spending -> Improved roads -> Increased two-wheeler sales.

    It is just one of the 50 irreversible trends I believe will carry the Sensex to 1,00,000.

Typically, when the capacity utilisation rises, it prompts companies to expand their capacities. If this gradual pick-up sustains, it could lead to a pick-up in private sector investment.

Thus, a revival in the investment cycle could be underway despite the current economic slowdown.

And, as far as equity markets are concerned, participants were expecting a weak fourth quarter growth data.

As such, the now published data may not weigh on the market but will raise expectations from the government and the RBI.

The pressure points in the form of finance, tax rates, infra expenditure, specific sector-related policies etc, must be addressed.

While the weak GDP data will be an important input for the Union Budget.

Most investors are now keen to know what's in store in the first week of July.

Warm regards,
Rini Mehta



This article (FM Nirmala Sitharaman Inherits an Economy Facing a Number of Headwinds) is authored by Equitymaster.

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




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Today's Stock Market Crash: 10 Points

Posted by Equitymaster
      

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

Here are 10 points to note...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  6. Foreign investors (FIIs) are on a selling spree. Reportedly, in the last 14 sessions, FIIs have withdrawn a net Rs 183.4 billion from Indian markets. That's a lot of money...a lot more than the domestic mutual funds have been able to pump in. The intense selling pressure from the FIIs could only have contributed to this sell off.
  7. The Indian rupee today slid past 74 levels against the US dollar, increasing the risk-off sentiment.

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

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


This article (Today's Stock Market Crash: 10 Points) is authored by Equitymaster.

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




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How the YES Bank Collapse Unfolded - 10 Points

Posted by Equitymaster
      

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

  1. 2017: RBI forces Yes Bank to disclose that there is big divergence in its non-performing loans of Rs 42 billion reported in the company's audited accounts for the year ended March 2016. The divergence further widened to almost Rs 64 billion a year later. To put this in perspective, the RBI audit had pegged its total gross non-performing assets (NPAs) at 5% for FY16, against the bank's own assessment of only 0.8% for the same year.
  2. September 19, 2018: Not surprisingly, a year later, RBI refuses to give Yes Bank CEO Rana Kapoor an extension to his term as MD. The apex bank asks Kapoor to step down by end of January 2019. Kapoor fights back...but it always seemed like a battle he was set to lose.
  3. November 27, 2018: Rating agency Moody's cuts bank's rating outlook to 'negative' from 'stable' citing concerns over corporate governance. This is a big whammy...for a bank, its credit rating is everything.
  4. January 24, 2019: Yes Bank hires the head of Deutsche Bank India, Ravneet Gill, as its new CEO. There's hope...even though Gill has not run a bank of this size before. The stock price rallies 66% in the days following the appointment.
  5. May 14, 2019: RBI appoints former central bank Deputy Governor R. Gandhi as additional director to Yes Bank's board - a rare move signaling an increased level of scrutiny on the lender.

    Yes Bank reports 91% drop in profit in 1QFY20, provisions surge and gross NPA ratio stands at 5%.
  6. October 3, 2019: CEO Gill says bank is in talks with private equity firms, strategic investors and family offices to raise additional capital. Again, this appears to be good news.
  7. October 31, 2019: Yes Bank gets binding investment offer of US$ 1.2 billion from a global investor. But this does not go down well as credibility of the likely largest investor is questioned in the media.
  8. November 1, 2019: Yes Bank reports bigger-than-expected loss for 2QFY20, NPA to loans ratio swells to 7.4% and provisions swell to Rs 13.4 billion.
  9. March 6, 2020: It's been months now and there is little progress on capital raising (other than rumours floating around). RBI takes over Yes Bank's board and imposes a month-long moratorium, imposing a limit of Rs 50,000 on withdrawals.
  10. March 7, 2020: Stock price of Yes Bank crashes by nearly 60%. At it's worse the stock was down at Rs 5.7 that day. RBI shares a restructuring plan for Yes Bank...basically a bailout by SBI.

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

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



This article (How the YES Bank Collapse Unfolded - 10 Points) is authored by Equitymaster.

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




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Virat Kohli is like Kapil Dev, says Krishnamachari Srikkanth

Former India captain Krishnamachari Srikkanth said that current skipper Virat Kohli can be compared to Kapil Dev. Srikkanth was part of the squad that Kapil led to victory in the 1983 World Cup and feels that Kohli's self-believe is reminiscent of the former all-rounder.

"I played with Kapil Dev and played under him. I can compare Virat Kohli with Kapil Dev. I see a tremendous amount of self-belief in him," Srikkanth said on Star Sports Cricket Connected where he was chatting with former batsman VVS Laxman and former England skipper Nasser Hussain.

Laxman said that he was afraid that Kohli's famous intensity might burn out in time but that has shown little signs of happening. "I admire Virat Kohli's intensity. One thing I was worried about was whether he will burn out quickly. But not even for one session or one over does he let his intensity drop and that is really commendable,"

Laxman said on the TV show. Kohli averages above 50 in all forms of international cricket. In Tests, he has scored 7240 runs at an average of 53.62 and in ODIs, he has scored 11,867 runs at an average of nearly 60.

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Sachin Tendulkar shares sports injury knowledge with 12,000 doctors

Always eager to share his vast knowledge and experience, cricket icon Sachin Tendulkar has interacted with 12,000 doctors on sports injuries. In his over two decade long illustrious career, Tendulkar suffered many health issues, the most prominent being the tennis elbow injury.

The veteran of 200 Tests and 463 ODIs, got to know through one Dr Sudhir Warrier, an orthopaedic surgeon, that several young doctors across the country were utilising the lockdown time to effectively gain knowledge on sports injuries through live webinars. A session on sports injuries was held on Saturday and Tendulkar, knowing that his experiences will help these doctors, volunteered to be a part of it.

Tendulkar, accordingly, interacted with around 12,000 doctors, who attended the session. It is reliably leanrt that the 46-year-old legend said he was grateful to the medical fraternity for their service. During the session, the young orthopaedic doctors got to know how the requirements and treatment outcomes of athletes are different from regular patients, sources said. Dr Warrier moderated the session with Dr Nitin Patel, physiotherapist, who has worked with Indian cricket team and IPL franchise Mumbai Indians.

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

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

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

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

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

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Dale Steyn reveals his favourite bowling spells in cricket

South Africa pacer Dale Steyn has revealed his favourite bowling spells. Steyn was doing an #AskDale session on Twitter and a fan asked him about his best spells in international cricket. The Proteas pacer replied: Nagpur (7 against India) and Wanderers (6 against Pakistan). Steyn picked up a seven-wicket haul against India at Nagpur in 2010 in the first Test of the two-match series.

His exploits helped South Africa defeat India by an innings and 6 runs. Steyn achieved the feat in the first innings after Proteas put up a mammoth score of 558/6. Steyn picked up the wickets of Murali Vijay, Sachin Tendulkar, S Badrinath, Wriddhiman Saha, Harbhajan Singh, Zaheer Khan, and Amit Mishra to finish with figures of 7-51. In the Test match against Pakistan at Johannesburg, Steyn finished with figures of 6-8 in the first innings to bundle out the opponents for just 49. Steyn picked up the wickets of Mohammad Hafeez, Nasir Jamshed, Younis Khan, Sarfaraz Ahmed, Saeed Ajmal, and Rahat Ali.

In the second innings against Pakistan, Steyn took five wickets and South Africa won by 211 runs. Steyn announced his retirement last year from red-ball cricket, which he termed as the ultimate form of the game. Explaining his decision, Steyn said that it was in the best interest of prolonging his career. He continues to remain available for South Africa in both One-Day International and T20 cricket. The fast bowler represented South Africa in 93 Tests and took 439 wickets at an average of 22.95. Steyn became the leading wicket-taker for his nation in the longest format after he went past Shaun Pollock in 2019.

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Virender Sehwag reveals his batting inspiration is this Ramayan character

Former Indian opener Virender Sehwag has stated the real inspiration behind his swashbuckling batting technique was 'Angad' -- a character in mythological epic 'Ramayan'.

Sehwag, who was known for his great hand-eye coordination with minimal footwork, on Sunday shared a picture of 'Angad' on Twitter and said: "So here is where I took my batting inspiration from. Pair hilana mushkil hi nahi, namumkin hai. #Angad Ji Rocks."

According to mythology, it is believed that Angad -- who was part of vanar sena which helped Lord Ram in rescuing his wife Sita from Lanka -- was sent as an emissary to the court of Ravan in order to avoid war.

However, Ravan declined the offer and then to break his ego, Angad challenged that if anyone present in the court would be able to lift his feet from the ground then Lord Ram would accept defeat and leave Lanka.

But it is believed that none of the warriors present in Ravan's court was able to lift Angad's feet.

Sehwag, who played 251 ODIs and 104 Tests for India, scored 8,273 and 8,586 runs respectively. In fact, he is the only Indian cricketer to hit two triple centuries in Test cricket.

The swashbuckling opener also played 19 T20Is for India in which he amassed a total of 394 runs.

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

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

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

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

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

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

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

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

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

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Michael Vaughan's cheeky comment to Ravindra Jadeja's swordsmanship post

As all-rounder, Ravindra Jadeja shared a video to show-off his swashbuckling swordsmanship, former England skipper Michael Vaughan left a cheeky comment on the Instagram post.

Jadeja had shared a video on Instagram on Sunday to show off his trademark swordsmanship. However, taking the note of the grass in Jadeja's lawn, Vaughan replied: "Your grass needs a mow rockstar".

On Sunday, the left-handed Jadeja was displaying various moves with the sword in the video posted on Instagram.

 
 
 
View this post on Instagram

A “SWORD” MAY LOOSE IT’S SHINE,BUT WOULD NEVER DISOBEY IT’S MASTER. #rajputboy

A post shared by Ravindra Jadeja (@royalnavghan) onApr 12, 2020 at 6:45am PDT

The cricketer is very-well trained in swordsmanship and he has also made it popular by swinging his bat like a sword in cricket matches whenever he crosses the mark of 50 or 100.

Last week, Australian batsman David Warner had also shared a throwback video from the last year's Indian Premier League (IPL) in which he was swinging his bat like a sword.

The SunRisers Hyderabad skipper was swinging the bat like a sword for a commercial and he immediately broke into laughter once the director said cut.

Warner had also asked the fans to give their opinion on as to how he did as compared to Jadeja.

With the country battling COVID-19, all sporting activities have been either postponed or stand cancelled. The upcoming Indian Premier League (IPL) has also been suspended till April 15.

Jadeja is part of the IPL franchise Chennai Super Kings and he would have been in action if the tournament had started as planned on March 29.

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'MSD played his last match for India in Manchester v NZ'

With the fate of the IPL hanging in balance, the future of former skipper M.S. Dhoni has been the talk of the town since the cash-rich league was set to be the platform to decide if Dhoni will make a return to the Indian team for the World T20 in Australia. And former opener Aakash Chopra feels it is highly unlikely Dhoni will play for India again.

"MS Dhoni has not told anyone anything. He has a different story. What almost everyone thinks is that he might return to the Indian team if he performs well in the IPL. But I personally feel he played his final match for India at Manchester against New Zealand," he said in a YouTube video with former Pakistan skipper Ramiz Raja.

"Since then, he has not made himself available to the team. He has not been dropped. I feel he has made up his mind that he is no longer going to play for India."

But the former opener feels there can be a change in stance if either BCCI President Sourav Ganguly or the team management calls for his services.

"Unless, of course, Sourav Ganguly, Virat Kohli or Ravi Shastri pick up the phone and tell Dhoni to help the team out in the T20 World Cup. If they tell Dhoni that they want him to play the World Cup, then there is a chance he could return," he said.

"Otherwise, in my opinion, Dhoni has made up his mind that 'I am not going to play, I don't need a farewell match. I came quietly, I will leave quietly'. He doesn't need grandstanding. He is not that kind of player."

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Coronavirus adds to uncertainty over AB de Villers' South Africa return

South African swashbuckler AB de Villiers says he doesn't want to create any "false hopes" of a much-awaited comeback at the T20 World Cup this year, which, he feels, could be postponed due to the COVID-19 pandemic. The outbreak of COVID-19 has forced the cancellation or postponement of many events but the T20 World Cup remains on schedule in Australia later this year for now. "I can't see six months into the future. If the tournament is postponed to next year a whole lot of things will change. At the moment I feel available, but at the same time I don't know how my body will see it and if I will be healthy at that time," De Villiers told Afrikaans-language Sunday newspaper 'Rapport'.

"...I might get to a point where I have to tell 'Bouch' (coach Mark Boucher) I was interested, I would like to play a role but I'm not going to be able to play myself. I'm afraid of such a commitment and creating false hope," he added. De Villiers said he does not feel entitled to walk into the South African team as has been alleged in the past. "If I am 100 per cent as good as I want to be, then I will be available. But if I am not I won't open myself up to that because I am not the type of person who does things at 80 per cent. Then I have to do trials and show 'Bouchie' I'm still good enough. "They should choose me because I'm really better than the guy next to me. I've never been the type of person who felt I should get just what I wanted."

The T20 World Cup in Australia in October and November could be a perfect stage for de Villiers coming back but he was mindful of avoiding a repeat of the debacle that unfolded during last year's 50-over World Cup in England after reports emerged that he casually expressed offer to come back and was rejected. "I am uncertain about giving a definite answer because I have been very hurt and burned in the past. Then people will again think I have turned my back on our country. I can't just walk into the team. "...I have to work for my place and deserve it. It was very hurtful for me last year when people thought I assumed there was a place for me. I feel available and I will give it a go with everything I have, but I don't want special treatment."

If de Villiers can make a comeback, the credit would go to South Africa coach Mark Boucher, who convinced him to rethink his retirement decision, taken in 2018. "I could write a book on 'Bouchie's impact just on my life, never mind cricket. I rediscovered that when I played under him at the Spartans (in the Mzansi Super League) in December. He was born to be an instructor. When he talks there's respect." "'Bouch' asked me why don't I give it another go," de Villiers said. "I've always said to him, 'I've never not wanted to be there. I've always wanted to be there. It's just, my life has changed'." De Villiers played in 176 of Boucher's 461 matches for South Africa across the formats.

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Brazilian model gets batting tips from her coach boyfriend during lockdown

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

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

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

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

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