Real Sociedad said Saturday they were cutting players' wages by up to 20 percent in an attempt to stabilise the club's budget during the coronavirus crisis. "An agreement has been reached with the first team for the reduction of their wages by 20% in case the league does not resume this season, and by 5% in case the season can start again," said a club statement. "This decision, taken with all of the parties concerned, helps us avoid traumatic measures for the rest of our employees and helps to balance the club's economic objectives in the face of a drop in income suffered after the suspension of competition."

Real Sociedad also announced a 20% refund on season tickets for its supporters. At the time of the La Liga suspension last month, Real Sociedad were in fourth place in the championship. They had also qualified for the Copa del Rey final against Athletic Bilbao in Seville on a date still to be decided. Real Madrid had already announced wage cuts, estimated by Spanish media to be 10% if the season resumes and 20% if the league is abandoned. Barcelona and Atletico Madrid have cut salaries by 70%. Spain is one of the worst-hit nations by the virus which has already claimed more than 16,300 lives in the country. bur/dr/dep/clv/dj/mwt again," said a club statement.

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

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

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

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

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

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

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

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European football's governing body UEFA is mulling to continue the Champions League matches, suspended due to the COVID-19 pandemic, on August 7-8.

According to a report on Sky Sports Italia, the first of the remaining matches in the Round of 16 will be played on August 7 and 8 after which there will be matches every three days until August 29 when the final is scheduled to be held.

The semi-final will be on August 18-18 and 21-22 before the final in Istanbul.

This would also result in the group stage of the 2020/21 season of the Champions League being postponed to October 20.

The Champions League final was initially scheduled to take place on May 30 at the Ataturk Olympic Stadium in Istanbul. However the outbreak of the coronavirus pandemic in Europe led to the tournament having to be postponed with the second round of the last 16 matches left to be played. The teams that have gone through to the quarter finals thus far Paris St Germain, Atletico Madrid, Leipzig and Atalanta.

It was initially rumoured that a deadline of August 3 has been set for the final to be held but UEFA President Aleksander Ceferin denied that.

"It has been reported that UEFA President, Aleksander Ceferin told ZDF in Germany that the UEFA Champions League must finish by 3 August. This is not true," said a statement from European soccer's governing body.

"The President was very clear not to set exact dates for the end of the season."

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he All India Football Federation's executive panel on Tuesday ratified its league committee's recommendations to cancel the remaining 28 matches of the I-league in view of the coronavirus-forced lockdown and declare runaway leaders Mohun Bagan as champions. The AIFF also said it is waiting to discuss with the Asian Football Confederation (AFC) the feasibility of organising a shorter duration tournament next season with second division clubs for qualification to the Hero I-League 2020-21.

"The Executive Committee agreed with conclusions and recommendations of League Committee that this was a force majeure circumstance and the AIFF and all stakeholders must focus on a priority basis on safety and health aspects of players, officials and fans," the AIFF said in a release. "In fact, there is still no certainty of when sporting activities including football can be resumed across the country."

The league committee had on Saturday placed its recommendations in front of the all-powerful executive committee. As per the latest decisions, the 2019-20 season stays concluded and Mohun Bagan declared the I-League winners for the 2019-20. The remaining prize money in the league (apart from the champion's prize) will be equally divided among the remaining 10 participating clubs.

However, there will be no relegation and also no individual prize money for the league season. "All youth leagues in the current season -- the Hero Sub-Junior League, the Hero Junior League, the Hero Elite League, and the U-17 Khelo India Girls League ¿ stay concluded, and will start afresh from 2020-21 season. "There will be an extension of the deadline for submission of the requisite documentation for the AIFF Academy Accreditation process after the ongoing lockdown is revoked," the apex body said in the release.

The nationwide lockdown will remain in place till May 3. The COVID-19 pandemic, which originated in the Chinese city of Wuhan in Hubei province, has so far claimed nearly 600 lives while infecting over 18,500 people across the country.

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The head of the English Professional Footballers' Association (PFA) has raised the possibility of playing shorter matches to lighten the load on players if the season can restart. English clubs remain committed to completing the campaign despite severe concerns over player welfare. Players could be tested up to three times a week and be forced to stay quarantined in hotels away from their families for a number of weeks to help limit the risk of them becoming infected with coronavirus. With 92 matches in the Premier League season still to be played, players could have little preparatory time to work on their fitness in group training before being rushed back into playing twice a week.

FIFA have proposed increasing the number of substitutes allowed per side from three to five to also lessen the risk of fatigue and injuries for players on their return. "Safety has to be paramount," PFA chief executive Gordon Taylor told the BBC. "We don't know the future. What we do know is what propositions have been put, what ideas have been put, the possibility of having more substitutes, games possibly not being the full 45 minutes each way.

"There's talks of neutral stadiums. There's been lots of things being put forward. "Try and wait and see what the proposals are, and then have the courtesy to let the managers and coaches and players also assimilate all those and come to a considered view." The Premier League's "Project Restart" has been met with some resistance over plans for all remaining games to take place at up to 10 neutral venues.

The remaining matches would need to be played behind closed doors, but there are fears fans could congregate around stadiums. Some top-flight clubs have argued that under those circumstances there should be no relegation as the sporting integrity of the competition is compromised. However, chairman of the English Football League (EFL) Rick Parry said denying promotion to three Championship clubs would end up in legal battles.

"The lawyers are going to get wealthy if that happens," Parry told the Digital, Culture, Media and Sport committee on Tuesday. "There would be a degree of outrage from a number of clubs in our Championship, and it would be a breach of the tripartite agreement. "The safe answer is that it would get very messy. Our expectation is there would be three clubs promoted from the Championship."

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

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

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

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

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Unnerving movements for debt mutual funds investors!

Just last week my colleague, Divya explained the fiasco at Franklin Templeton Mutual Fund, which took a decision to abruptly wind down six debt mutual fund schemes, namely:

• Franklin India Low Duration Fund
• Franklin India Dynamic Accrual Fund
• Franklin India Credit Risk Fund
• Franklin India Short Term Income Plan
• Franklin India Ultra Short Bond Fund
• Franklin India Income Opportunities Fund

In all, the above debt mutual fund schemes had an AUM of Rs 30,854 crore as of March 31, 2020.

The fund house cited, "severe market dislocation and illiquidity in the fixed income space" caused by the COVID-19 pandemic, as the reason behind the decision.

Investors in these schemes are now left in the lurch: they cannot sell (nor buy) these funds and will have to rely on the fund house to get back their hard-earned money. Investors will have to hold their investments in these schemes until liquidity is available to the mutual fund house by either selling securities in the fund's portfolio or receiving maturity proceeds.

Currently, a fact is, not just Franklin Templeton Mutual Fund, but debt mutual fund schemes of many other fund houses are have a remarkable exposure to stressed assets.

According to portfolios disclosed on March 31, 2020, mutual funds collectively held Rs 1.38 trillion of exposure to debt securities issued by Non-Banking Financial Companies (NBFCs). Approximately Rs 51,000 crore of the exposure in debt securities has a maturity profile of less than 3 months; and now, mutual funds fear that there will be defaults.

NBFCs and other corporate borrowers claim that they do not have enough liquidity to fulfil their obligations and have requested for additional time. Given that, rating downgrades from rating agencies look likely.

However, some companies are playing smart: they are approaching the Courts to prevent a rating downgrade, plus seeking a stay on sale of pledged shares. Of course, they are well within their right to approach the judicial authority or Courts and contest.

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But the capital market regulator, seems to be in no mood in offering them any leeway. On the contrary, the regulator is asking the mutual fund industry to act against the issuer of securities who are possibly carrying high credit risk; facing asset quality problems.

Delays in repayments would mean the creation of more side-pockets by mutual funds. And in my view, more the losses investors suffer, more frustrating it will be for mutual fund houses and their investors. Eventually retail and High Net-worth Individuals, particularly, will lose confidence and may not be keen to invest in debt funds.

If you are wondering what has gone wrong, here's everything you may like to know about liquidity, credit risk and the exposure of mutual funds to corporate debt in the present scenario.

If you remember, the capital market regulator had mandated large corporations to source at least 25% of their borrowings from the bond markets from the beginning of FY 2019. This move was expected to deepen Indian bond markets and reduces the stress on banks. Just a year later, the same move is proving fatal for companies that went to the bond markets to raise money.

Now that the COVID-19 lockdown has forced many business units to shut off temporarily or operate much below their optimal operational capacity with a skeletal staff, companies, including the large organisations that relied heavily on debt markets, are finding it difficult to honour maturity claims on Commercial Papers (CPs), Non-Convertible Debentures (NCDs), and Bonds.

They were hoping for an 'at-par treatment' with Banks when the Reserve Bank of India (RBI) offered a moratorium period to borrowers. But the RBI circular came to them as a shocker. The devil was in the details.

On March 27, 2020, the RBI issued a notification allowing a three-month moratorium on all outstanding term loans and working capital facilities on account of disruptions caused by the outbreak of coronavirus. This circular did not cover around 10 thousand NBFCs, who mainly depend on CPs, NCDs, and Bonds for their funding requirements.

As far as NBFCs are concerned, the RBI has already provided them with a liquidity facility through the banking channel. The RBI directed banks to utilise funds infused under Targeted Long Term Repo Operations (TLTRO) facility to invest in 'investment-grade' CPs, NCDs, and Bonds issued by NBFCs. Also, RBI mandated banks to allocate 50% of Rs 50,000 crore of liquidity introduced by way of TLTRO 2.0 to small and mid-size NBFCs and small finance banks.

But NBFCs seemed not too happy with just liquidity and many of them are now approaching courts to prevent rating downgrades. This is not a best practice for the industry, although fund houses may be well within their rights to contest.

Recently, Indiabulls Housing Finance was successful in receiving the interim order from Delhi High Court, throttling any coercive action against the housing finance company for its inability to repay its bondholders. The Delhi High Court will hear the case further on May 19, 2020.

This has added to the worries of mutual fund houses that now fear other NBFCs will follow the same path.

The capital market regulator, only recently (a few days ago) following the three moratorium by RBI (due to disruptions caused by COVID-19 pandemic) has relaxed the valuation norms for debt and money market instrument held by mutual funds vide a circular dated April 23, 2020, wherein it states as under:

• Based on assessment, if the valuation agencies appointed by AMFI are of the view that the delay in payment of interest/principal or extension of the maturity of a security by the issuer has arisen solely due to COVID-19 pandemic lockdown and/or in light of the moratorium permitted by Reserve Bank of India (RBI) (vide notification no. RBI/2019-20/186, dated March 27, 2020) creating temporary operational challenges in servicing debt, then valuation agencies may not consider the same as a default for the purpose of valuation of money market or debt securities held by Mutual Funds.
  
  However, in the scenario, as stated above, if there is any difference in the valuation of securities provided by two valuation agencies, the conservative valuation shall be accepted.

But then what is the point of coming up with these valuation norms as an afterthought, and not in close synchronisation when the RBI came with its notification a month ago?

The damage now is already done and companies are anyways approaching the Courts to prevent a rating downgrade.

Let's say shares of a company are pledged and to recover the proceeds -- if they cannot be sold due to a court order -- then such lending would be as good as unsecured lending.

Also, why should that not be construed as an instance of deviation from the stated fundamental attributes of a debt mutual fund scheme? After all, mutual fund investors invest in debt fund schemes taking into account a certain level of risk. Change in the risk profile of a scheme is a change in the fundamental attribute/s.

According to India Ratings, NBFCs having the asset base of Rs 500 crore to 5,000 crore, largely fall between "A" and "BBB" rating categories.

The mid-path could be a decision on payment or deferring the payment in consultation with all stakeholders, including debenture trustees. The industry will require a blanket resolution because a case-to-case resolution approach is cumbersome and may create more chaos.

Unless the RBI takes a clear stance on NBFCs and other financial institutions, mutual fund houses are likely to feel the heat of redemptions. Suppose, there's no further statement issued by the banking sector regulator; mutual funds will have to be prepared to handle large-scale defaults, which might look inevitable. After all, a majority of NBFCs' customers are retail borrowers and they enjoy a moratorium on the EMI payment for 3-months. This has been the trickiest part for NBFCs.

While COVID-19 outbreak has been the genuine reason for the potential defaults this time, asset-liability mismatches of NBFCs are well-known. Many NBFCs have gone overboard with cheap credit available during stable market conditions. Their credit underwriting has been questioned widely. The industry has also witnessed belly-up instances such as IL&FS and DHFL. Many mutual fund houses have burned their fingers badly in such defaults.

At the time of writing this piece, to ease the liquidity pressure on mutual funds, the RBI today decided to provide a special liquidity facility of Rs 50,000 crore for mutual funds. Under this facility, the RBI will conduct repo operations of 90 days tenor at the fixed repo rate. This will be on-tap and open-ended, and banks can submit their bids to avail funding on any day from Monday to Friday (excluding holidays). The scheme is available from today i.e., April 27, 2020, till May 11, 2020, or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.

The RBI has stated further that the liquidity support availed under the Special Liquidity Facility for Mutual Funds shall be used by banks exclusively for meeting the liquidity requirements of mutual funds by, 1) extending loans; and (2) undertaking outright purchase of and/or repos against the collateral of investment-grade corporate bonds, CPs, debentures and certificates of Deposit (CDs) held by mutual funds.

Having taken this measure, keep in mind that it does not make investing in debt mutual funds risk-free. Considering the prevailing investment environment, you should stay away from mutual fund schemes whose portfolio characteristic appears compromised. Also, avoid credit risk funds and corporate bond funds as they are likely to be more vulnerable amidst the financial crisis followed by COVID-19 pandemic.

As a thumb rule: Choose mutual fund schemes from fund houses that follow prudent judicious investment processes and stringent risk-management systems.

In these uncertain times, it would be wise sticking to liquid funds and overnight funds while considering debt funds.

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

As with all financial matters, better be safe than sorry!

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

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

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

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

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.

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

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

Despite the rally we recently witnessed, the market mood continues to be sombre due to the pandemic crisis. FPI outflows from the Indian market persisted in the current month as well, while the recent fiasco at a popular fund house also dented investor sentiments.

It is difficult to predict how this situation will unravel eventually. Though the pandemic has impacted both large and smaller sized companies, small and mid sized companies could be the most affected.

However, quality names even in these segments could perform well over the long run. Therefore, you should stick to only quality names across different market capitalisation and invest via a well managed mutual fund that focuses on growth through diversification.

HDFC Mid-cap Opportunities Fund (HMOF) is one such mid cap fund that looks to invest in mid cap stocks with sound financial strength and reasonable growth prospects.

Graph 1: Growth of Rs 10,000 if invested in HDFC Mid-cap Opportunities Fund 5 years ago

One of the most popular funds in the midcap category, HMOF's asset size is the largest as compared to its peers. However, HMOF has shown no constrain when it comes to delivering superior performance. The fund has a track record of generating above-average returns across market conditions. Over the last 5 years, HMOF has generated returns at 4.5% CAGR as compared to 1.9% CAGR generated by its benchmark Nifty Midcap 100 - TRI, thus generating an alpha of around 2.5 percentage points CAGR. The fund has made well use of diversification to mitigate downside risk and generate decent lead over the benchmark index.

Table: HDFC Mid-cap Opportunities Fund's performance vis-a-vis category peers

*Please note, this table only represents the best performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.

Though HMOF has trailed some of the other popular peers in the mid cap category, it stands strong in the list of mid cap funds. The fund has constantly outperformed the benchmark by a noticeable margin across time periods.

Some of the other top performers in the category are Axis Midcap Fund, Invesco India Midcap Fund, and DSP Midcap Fund.

The fund has not only demonstrated its ability to generate superior returns for its long term investors, but has been reasonable when it comes to managing volatility and curtailing down-side risks. In terms of risk-adjusted returns, HMOF has outperformed its benchmark by a significant margin and also stays ahead of most of its peers.

Investment strategy of HDFC Mid-cap Opportunities Fund

Categorized as midcap fund, HMOF is mandated to invest minimum 65% of its assets in equity and equity related instruments of mid cap companies. Accordingly, HMOF invests in stocks of predominantly mid-sized companies, which have reasonable growth prospects at acceptable valuations. The fund also holds significant exposure in smallcaps along with moderate exposure in large caps as well as cash and debt.

It follows the bottom-up approach to identify high quality businesses for the long term. The stocks are bought primarily for the strengths of company fundamentals rather than the strength of the macro-economic indicators.

The fund manager resists from following market momentum and holds each of his high conviction stock for the long term.

Graph 2: Top portfolio holdings in HDFC Mid-cap Opportunities Fund

As on March 31, 2020,HMOF held 75 stocks in its portfolio, with no individual stock having exposure of more than 5%.Popular mid cap names like Aarti Industries, Balkrishna Industries, Trent, Ipca Laboratories, and Voltas, etc. appeared in its top portfolio holdings. The top 10 stocks constitute close to 32% of its assets.

The fund's portfolio is primarily skewed towards Banking and Finance sectors which together constitute around 17% of the portfolio. Auto ancillaries, Pharma, Chemicals, and Industrial Products are the other prominent sectors with allocation of around 9-11% each.

Suitability

HMOF's performance over longer time periods has been commendable, where it has generated decent long-term returns for its investors as compared to the benchmark, though it has lagged behind some of its peers. Its focus on timely realization of growth potential of stocks at fair valuation can help it generate strong returns while also minimize the downside risk. However, its aggressive mandate makes it prone to high volatility. This makes HMOF suitable for investors with high risk appetite and a long term investment horizon.

Editor's note: The last few years have not been among the best for equity mutual funds. While most funds have underperformed or are struggling to match the returns of the benchmark, there are few funds that have the potential to constantly generate alpha for its investors. And we have identified five such high alpha generating funds, in our latest report 'The Alpha Funds Report 2020'. Do not miss our latest research finding. Get your access to this exclusive report, right here!

Note: This write up is for information purpose and does not constitute any kind of investment advice or a recommendation to Buy / Hold / Sell a fund. Returns mentioned herein are in no way a guarantee or promise of future returns. As an investor, you need to pick the right fund to meet your financial goals. If you are not sure about your risk appetite, do consult your investment consultant/advisor. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

Author: Divya Grover

This article first appeared on PersonalFN here.

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

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

Once a bed of colourful flora, the famous Kaas plateau in Maharashtra is now witnessing less blooms, worrying officials, tourists and nature lovers alike. The plateau, recognised by the UNESCO World Heritage Committee as a heritage site in 2012, is home to around 350 flowering plants, including some rare and endemic species.

Kaas Plateau. File pic

With the flowering already going down, a couple of fire incidents last month in the area, causing a damage to the flora at the site in Satara district, has now set off alarm bells for the administration. The state government has thus decided to take up a slew of measures, like better guarding of the place and inviting researchers to study why this picturesque site in the Western Ghats is losing its blooms, which were a big tourist attraction.

According to forest officials, human negligence, possibly lit cigarettes, could have caused the twin fires that gutted a portion of the world famous plateau recently. "The forest department, along with a joint management committee of forest officials and local villagers-turned-volunteers, has now decided to take certain safety measures to avoid incidents which could endanger the flora of the Kaas plateau," the range forest officer, Sachin Dombale, said.

He said those guarding the plateau have now been provided hand-held pressure water sprayers. "The plateau does not have big trees or plants. It is actually a grassland, so even if the grass catches fire, it can be doused with the help of these sprayers," he said. Earlier, six people used to guard the entire plateau of around 1,800 hectares. After the fire incidents, now 12 people are manning it in the day and six at night, he said.

Now, the visitors are frisked at the entry gate of the tourist site and are not allowed to carry inside combustible items like cigarettes, matchbox or lighters, he said. Somnath Jadhav, the president of the joint committee, said they have also started putting up "firebreaks" along the roadsides. "For the firebreaks, we burn the vegetation and grass in five metres of area along the roadside, so even if someone throws a combustible object, there won't be a fire," he said.
However, due to unavailability of power supply in the forest area of the plateau, they have not been able to put up CCTVs for keeping a watch.

"But, we are now thinking of using solar panels to address the power issue, Jadhav said. He said the gram sabhas of five villages (the locals of which are part of the committee), have also decided to put forth their proposals to safeguard the plateau and conserve its biodiversity and flora. One of the committee members said the state government should provide funds for proper maintenance of the site.

"We have to depend on the fees collected from visitors during the season, which is only for two months (September and October), to pay for the maintenance and salaries of the people working to guard the place," he said. "We seek government's attention, cooperation and funds so that this plateau of flowers can be conserved," he said. Jadhav said for last three to four years, the growth of some species of flowering plants on the plateau is on a decline, thereby calling for a study to find out its reason and restore the beauty of the place.

"We are now planning to write to various universities in Maharashtra to send some researchers and students of botany to study the reason behind this," he said. "We are making all-out efforts to conserve the plateau, which is home to some rare, endemic and threatened species of flowering plants, as it would then also lead to an increase in the number tourists at the site," he added.

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What is life if full of care, you have no time to stand and stare. To ensure that you stand and stare at the beauty that is the Western Ghats, Mapping Journeys is organising trekking, rappelling and cliff traversing at the Duke Nose peak of Khandala for four consecutive days, on the fourth edition of The Duke Nose Festival.

"There will be an 8 am pick up at Lonavala station, from where we'll proceed to the Duke Nose base camp for breakfast, followed by an hour-long trek to the peak. There, our technical team will be ready with rappelling gear. The wall stretches to above 1,000ft and the first 350ft of rappelling will be downwards," says Veeral Raj, co-founder of the travel firm. "Next up is cliff traversing, which is a walk along a cliff overlooking a valley. The participants will be harnessed to a rope for safety," Raj explains.

He adds that the final sport is often an element of surprise for participants as people usually look forward to rappelling alone. With a technical team that boasts 12 years of experience in the field, Raj assures the trip is safe for first timers and for people across all ages. So put on those trekking shoes and head out for an adventurous weekend.

On February 10 to 13, 8 am onwards meeting point Lonavala Railway Station.
Log on to insider.in
Call 9867697306
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New Delhi: With travel bug catching up in India, European countries are a preferred destination for Indians this summer, according to a survey.

Searches were conducted by travel search engine KAYAK.co.in between October 1, 2017 to March 23, 2018 for travel dates between May 5, 2017 and August 31, 2018.

As per the search, Moscow and Istanbul are taking the lead with year-on-year increase in flight searches by 269 and 252 per cent respectively.

Other trendy destinations this summer show that Indians are interested in travelling not only to the well-known European destinations like Spain, Germany and Greece but also to some less conventional ones like Norway, Hungary and even Iceland.

Europeans on the other hand are travelling to Palma Mallorca in Spain the most, followed by London and Lisbon.

Considering the budget, several European locales are emerging as good options for travel from India without burning a big hole in the pocket.

Istanbul, which is also the second top-trending destination, is seeing a price drop as high as 95 per cent compared to the average trip cost.

This is followed by Milan, Italy, with a 37 per cent drop in the average trip cost. With warm weather in Europe, this represents a good opportunity to travel to these European destinations for a summer adventure at a reduced price.

Abhijit Mishra, Director of India and Middle East, KAYAK, said in a statement: "With the summer holiday period quickly approaching, travel planning is on the rise and it was interesting to see how European countries have emerged as the preferred destination for Indians this year."

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Pic Courtesy/Saffron and Pearls, Harpercollins India

As a 20-year-old, when Sarina Kamini first learnt that her Australian mother was suffering from Parkinson's, a part of her own Indianness, which her mother had so devotedly brought to the kitchen table at their home in Torquay, died. In a new book, titled Spirits in a Spice Jar (Westland Books, Amazon), Kamini says, it's possibly then that she had "stopped eating Indian food". It's ironic that while she attributes her Indian heritage to her father — he was Kashmiri — it was through her mum that she learnt the traditional family recipes, who in turn learnt how to cook Indian food from her mother-in-law, fondly known as ammi. Cooking these recipes would eventually be a way to heal, helping her make sense of the resentment she felt towards her mother's condition.

If Spirits in a Spice Jar traces the arc of a woman, coming to terms with the illness, another book, Saffron and Pearls: A Memoir of Family, Friendship and Heirloom (HarperCollins India) by Delhi-based Doreen Hassan, recounts how the author, who belonged to a Goan Catholic family, warmed up to her Hyderabadi husband's family and his rich food legacy. Last year, US-based Pakistani writer Bisma Tirmizi revisited her favourite dishes from the subcontinent through a journey of self-discovery of a young, obese girl, in the novel, Feast: With A Taste of Amir Khusro (Rupa Publications).

Doreen Hassan. Pic Courtesy/Saffron and Pearls, Harpercollins India

More writers are now exploring narratives around food, while showing how recipes too, are important to great storytelling. "I set out to tell the story of me, because I was so confused about who I was. I quickly realised that I couldn't understand mum unless I understood her connection to India. From my point of view, the connection was a mix of the material and the mystic [she loves the fashion as much as she appreciates the stories of faith], and food within our family is a real representation of that. Food ties my family to Hinduism through offerings and stories. So I had to write about Kashmiri food. Spices, for me, became the axis point where I could draw all of these thoughts together," says Australia-based Kamini.

Doreen says she started writing the book, with the intention of sharing heirloom recipes she had inherited after marrying her husband, Peter Toghrille Hassan, who is honorary Counsel General for the Russian Federation in Hyderabad. But, as she started work on the book, she "thought it might be interesting for people to know where the recipes came from". "That's how it turned into a memoir along the way," she says. Doreen believes that Hassan family's history is deeply influenced by food, and hence, it was crucial to the memoir too. "When people marry into a family, they often bring their own food traditions with them. It's fascinating to understand it," she says.

Sarina Kamini. Pic Courtesy/Kristy Jane Hoghton

In the book, she writes about the time she struggled with learning to cook, after she and her husband moved to Delhi from Hyderabad, with their two children. She, eventually went back to Hyderabad, and "met Peter's aunt, Zehra Alambardar, whom we called Phuppu Jani, and said, 'Please teach me how to make a few dishes.' She told me that she cooked by andaaz, or instinct. 'Beta, you have to watch and learn. I will make the dishes in front of you, and you write them down.'" That was how Hassan was indoctrinated into cooking.

She remembers the time when her husband invited the famous Pakistani singer Mehdi Hasan, to their home for dinner. "He was to sing at our home, and there would be 100 guests in attendance. I decided to make a Salim bakra, which is an entire goat, stuffed with eggs," she writes. Kamini says her fondest food memory is associated with paneer. "I'd always make sure I was close by when mum or dad began chopping the fresh paneer into pieces; I became adept at stealing bites," she says. Adding, "When I began cooking it for my own two boys, I, too, would have to shoo them away from the chopping block as they made attempts to sneak away with it. This kind of emotional continuity around food is what cements recipes into our hearts."

The Salim Bakra stuffed with chicken and eggs, and served with rice, which Doreen prepared for ghazal singer Mehdi Hasan

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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.

Russia has requested World Trade Organisation dispute consultations with the EU in a case involving EU anti-dumping duties on certain steel products.

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

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

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.

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.

WATCH📽ï¸Â: Lockdown Diaries with Smriti Mandhana 👊

Workouts, troubling her brother, Ludo & a lot more. @mandhana_smriti reveals how she is keeping herself engaged indoors🏠🏋ï¸Â‍♀ï¸ÂðŸ‘Œ

Full Video 👉 https://t.co/e7EyhdNh3h

— BCCI (@BCCI) April 13, 2020

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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Former Pakistan leg-spinner Danish Kaneria might be currently serving a life ban for his involvement in fixing, but he has once again taken the attack to the Pakistan Cricket Board saying that he wasnt supported enough by the PCB.

In a YouTube video, former Pakistan skipper Inzamam-ul-Haq had spoken about how Brian Lara had taken Kaneria to the cleaners even though the Pakistan captain had placed fielders on the boundary and thereby shown his true class.

But taking to Twitter, Kaneria wrote: "I have taken @BrianLara's wicket 5 times in my career. He was a good cricketer. If PCB had supported me, I would have broken many big records."

Describing the episode, Inzamam had said: "Kaneria bowled a googly and Lara hit the ball back towards the bowler, coming out of his crease. Danish said ‘well played Brian', which prompted Lara to say ‘okay sir'. The next three balls were all dispatched over the boundary.

"I was the captain of the side so I went over to Danish and told him to tease Lara a bit more. I felt he was angry so we might make him throw away his wicket. I placed the fielders on the boundary in anticipation of big shots but he still managed to outfox us by hitting Danish to all parts of the ground."

Kaneria had earlier asked Yuvraj Singh and Harbhajan Singh to help the hindus in Pakistan as they fight the coronavirus outbreak.

"I request @YUVSTRONG12 and @harbhajan_singh to make a video for the minorities living in Pakistan as well. They need your help in this moment of #coronacrisis," Kaneria had said in a tweet.

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Former Pakistan first-class cricketer Zafar Sarfraz has died of COVID-19. According to a report in geo.tv, Zafar succumbed to the novel coronavirus at the Lady Reading Hospital late Monday. The 50-year old is the first professional cricket player from Pakistan to succumb to the coronavirus, after testing positive last Tuesday. He had been on a ventilator for the past three days, hospital officials added.

Zafar, a left-handed batter and slow left-arm orthodox bowler, played first-class cricket from 1988 to 1994 and List A cricket from 1990 to 1992. He made 616 runs from 15 first-class games for Peshawar and also had 96 runs from six one-day games before retiring in 1994 and moving on to coach both the senior and the Under-19 Peshawar teams in the mid-2000s.

Zafar was the brother of late Pakistan international cricketer Akhtar Sarfraz, who went on to play four ODIs between December 1997 and October 1998, scoring 66 runs in four innings.

Last month, great Pakistani squash player Azam Khan had also died of novel coronavirus at the age of 95. Azam, who won four consecutive British Open titles between 1959-62, had tested positive for COVID-19 in March end and breathed his last in London's Ealing Hospital.

Over 5,000 confirmed coronavirus cases have been reported so far in Pakistan, including 96 deaths.

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Former Australia captain Allan Border has given a thumbs down to the concept of Australia hosting the ICC WorldT20 in empty stadiums in the wake of the COVID-19 pandemic. Currently, the Australian government has sealed its border for six months till September 30 to deal with the global health crisis which has claimed 61 lives and infected 6400 in the country. With the flagship event starting October 18, there are speculations that Cricket Australia might be forced to conduct matches in empty stadiums, something that is not acceptable to the World Cup winning former skipper.

"I just can't imagine playing at empty stadiums ... it defies belief," he told Fox Sports News. In fact, Border said that he doesn't see the World T20 happening if spectators are not allowed inside the stadiums as the purpose of the sport is lost. "Having teams, support staff and everyone else associated with the game wandering around the country, playing games of cricket, but you can't let people into the grounds. I just can't see it happening," Border said.

For him, it's an either-or situation for Cricket Australia. "It's either you play it and everyone just gets on with the job and we're past this pandemic or it just has to be cancelled and you try to fit it in somewhere else," said the 64-year-old Border.

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West Indies cricketers haven't received their match fees since January as Cricket West Indies (CWI) seem to be struggling to generate funds amid coronavirus pandemic which has stalled the game.

According to a report published in ESPNcricinfo, international West Indies men players have not been paid their match fee for the Ireland series at home and the subsequent tour of Sri Lanka in February-March.

Meanwhile, international women players of the country are owed match fees for the four matches they played in the Women's T20 World Cup held in February-March.

"Cricket West Indies is facing a tough time financially," CWI chief executive officer Johnny Grave told ESPNcricinfo. "Whilst all of our contracted players have received their salaries and allowances, and some players have received prize money and match fees, there is still money that is outstanding and we are trying to settle these player payments as a priority."

"We are two months behind making match fee payments," he added.

West Indies players' association secretary Wayne Lewis revealed players have been receiving their allowance salaries but not their match fees.

"The players who are contracted, their monthly salary (and allowances) are up-to-date," Lewis said. "The problem we are having is the retained players in the regional first-class competition have not been paid their match fees for the eight rounds that have been played so far."

Former Pakistan captain Ramiz Raja has also pointed out that it will become increasingly difficult for cricket board across the world to continue giving salaries to players and staff if matches are not held in the near future.

"Cricket fans are starved now and the coronavirus pandemic has brought life to a standstill but I don't think cricket boards can survive for long like this. They can't continue to pay out salaries and expenses without having cricket activities it would be disastrous for them," Raja said in a video uploaded on his Youtube channel.

"I would also urge the Pakistan Cricket Board to think on these lines and hold talks with other boards to see how cricket activities can be resumed even behind closed doors."

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Former India skipper Kapil Dev was pulled up by former Pakistan skipper Shahid Afridi after he turned down Shoaib Akhtar's proposal for a India-Pakistan series to raise funds to fight the Coronavirus outbreak. But Kapil has made it clear that he is standing his ground.

"You could be emotional and say that yes, India and Pakistan should play matches. Playing matches is not a priority at the moment. If you need the money then you should stop the activities at the border. The money which will be spent can be used to build hospitals and schools. If we really need money than we have so many religious organisations, they should come forward. It is their responsibility. We offer so much money when we visit the religious shrines, so they should help the government," Kapil told Sports Tak.

In fact, he wants everyone to look at the larger picture and not even think about cricket at present. "I am looking at the larger picture. Do you think cricket is the only issue we can talk about? I am rather worried about the children who are not being able to go to schools and colleges because that is our young generation. So, I want schools to reopen first. Cricket, football will happen eventually," he added.

Afridi had earlier said: "Kapil's reaction has surprised me. I expected better from him and feel one should not talk like this in these crisis times. Sport is supposed to bring people together and build bridges. It is pretty disappointing," he said.

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Former Australian cricketer Graeme Watson who was fighting cancer, has died at the age of 75. Primarily a middle-order batsman and a medium-pace bowler, he featured in five Tests from 1967 to 1972 and two ODIs in 1972, ESPNcricinfo reported.

The all-rounder earned the national call during the 1966-67 tour of Rhodesia and South Africa. Watson slammed a half-century in the first innings of the second Test of the series.

However, the medium-pace bowler was ruled of the next test after suffering an ankle injury. He returned for the fourth Test in Johannesburg where scalped his career-best 2 for 67 but failed to leave a mark with the bat as Kangaroos lost the series.

In 1971-72 he moved to Western Australia and played a major role in their Sheffield-Shield win in 1971-72, 1972-73, and 1974-75 seasons.

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It was on this day in 1997, that the former Sri Lanka batsman Aravinda de Silva became the first player in the history of cricket to score two unbeaten centuries in the same Test.

The right-handed batsman achieved the feat against Pakistan in Colombo. Opting to bat first, de Silva came into bat with Sri Lanka 124/2.

De Silva played a knock of 138 runs in the first innings from 208 balls. His innings was studded with 19 fours and this knock took Sri Lanka's total to 331.

Pakistan was bundled out for 292 in the first innings and this gave hosts Sri Lanka a lead of 39 runs.

In the second innings, de Silva played an unbeaten knock of 103 runs off just 99 balls and this helped Sri Lanka to declare their second innings at 386/4, setting Pakistan a target of 426 runs.

Pakistan managed to hang on in the second innings and the side registered 285/5 and as a result, the match ended in a draw.

De Silva played 93 Tests and 308 ODIs for Sri Lanka. He was also a part of the 1996 World Cup-winning squad.

He registered 6,361 runs in the longest format at an average of 42.97.

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Batting maestros Sachin Tendulkar, Virender Sehwag and Virat Kohli have made a cut to former Australia batter Michael Hussey's "Best Enemies XI" in Test cricket.

Hussey picked Sehwag and former South African captain Graeme Smith as openers in the batting line-up which consists stalwarts like Brian Lara, Tendulkar, Kohli, Jacques Kallis and Kumar Sangakkara.

The bowling unit included South Africans Dale Steyn, Morne Morkel, England's James Anderson and legendary Sri Lanka spinner Muttiah Muralitharan.

The left-handed batsman, who played Test cricket for Australia from 2005 to 2013, however didn't included his former Chennai Super Kings teammate MS Dhoni.

"I wrestled with this one between Kumar Sangakkara, MS Dhoni and AB de Villiers. But I think the latter two have got more impact in the shorter formats T20s and ODI," Hussey said while picking the Best XI of opponents he has played against in Test cricket on "The Unplayable Podcast".

"Sangakkara had immense impact in Test cricket," he added.

Hussey played a total of 79 Tests, 185 ODIs and 38 T20Is in which he scored 6235, 5442 and 721 runs respectively.

Michael Hussey's 'Best of Enemies' XI: Virender Sehwag, Graeme Smith, Brian Lara, Sachin Tendulkar, Virat Kohli, Jacques Kallis, Kumar Sangakkara, Dale Steyn, Morne Morkel, James Anderson, Muttiah Muralitharan.

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When Vikrant Keni, who led the Indian team to its maiden Physical Disability T20 World Series in England last year, and teammate Gurudas Raut were invited by BCCI president Sourav Ganguly & Co to the Cricket Centre on March 4 to receive the token cheque of R65 lakh as prize money for their flawless performance, their achhe din may have begun to look like coming true.

A few weeks later, India went into lockdown to fight against the dreadful Coronavirus and the 18-player team have not received their share of R3 lakh each. The Indian cricket board has yet to release the payment but say the players will receive their dues soon.

The Supreme Court-appointed Committee of Administrators (CoA) had approved the prize money for the Indian physically challenged team before their term ended last October. With most of the players from the T20 World Series-winning squad living a hand-to-mouth existence, they feel the BCCI prize money would make a huge difference to them especially in these COVID-19 pandemic-caused testing times.

All-rounder Ramesh Naidu, 24, whose father M Ramu earns R15,000 from driving cars at Vijaya Medical Centre in Visakhapatnam, is finding it difficult to cope with the lockdown. "My family is completely dependent on my father's income. It's difficult to manage during this period," said Naidu, who is in his last year of M Tech (Master of Technology) in Electrical Engineering at IIT Chennai. Naidu had taken an education loan of Rs 4.5 lakh.

Wasim Khan, who hails from the turbulent Kashmir region, was banking on the prize money to cope with the lockdown.

"With no job, it's quite tough to exist. My elder brother is a lawyer but he is without any work at the moment. We have some groceries at home but I don't know how long they will last. We have got no help from anyone. It will be a big relief if BCCI releases our prize money soon," said Wasim, who had scored a match-winning 40-ball 79 in the semi-final against Pakistan.

Hard-hitting batsman Sudanese Mahendaran, 29, who changed the complexion of the game in the final against England with his 11-ball 33, said the lockdown has rendered his family income-less. "There has been no income for the last month as my father has not been able to ride his auto rickshaw due to the lockdown. My close friends are helping us out," said the Tamil Nadu lad.

Bengal-based wicketkeeper batsman Debabrata Roy, 31, is confident BCCI president Ganguly will rescue the players. "I was earning R8,000 till last month as a salesman at a cloth store. I am sure Dada [Ganguly] will look into our problems," said Roy.

Left-arm spinner Anish Rajan, who was India's highest wicket-taker (11) in the tournament, has had his share of suffering in the lockdown.

Skipper Vikrant Keni (right) and teammate Gurudas Raut with the R65 lakh cheque they received from the BCCI in March. Pic/ Suresh Karkera

A mechanical engineer by profession, Rajan quit his job in 2015 to pursue a career in cricket.

"My dream was to play for India. I play as a professional for Tripunithura Cricket Club in Kochi and I also officiate in matches as umpire or scorer. However, due to the lockdown, there has been no source of income," he said.

Skipper Keni, who is lucky to have a steady source of income, sympathised with the financial condition of some of his teammates. "Most of the players from my team are struggling as they have no jobs. I think the BCCI prize money is taking time due to the lockdown," said Palghar-based Keni.

BCCI's General Manager Cricket Operations, Syed Saba Karim told mid-day on Friday that the prize money will be remitted in a couple of days. "It has been approved and in a day or two, it will be processed. The amount will be deposited in their [players'] bank account. It has been cleared from our side," Karim said.

I will talk to BCCI: AICAPC prez Ghavri

AICAPC prez Karsan Ghavri

The president of the All India Cricket Association for Physically Challenged (AICAPC), Karsan Ghavri said he would talk to the BCCI officials to release the prize money of the Physical Disability T20 World Series-winning team once the lockdown ends. "It [the prize money] was supposed to go into the players' account, but it has not happened. This is not the right time to talk. Let everything settle down. We will definitely speak to the authorities," the former India all-rounder told mid-day.
Ghavri is also hopeful of sorting out the employment problems of the physically challenged cricketers. "We are definitely trying to help them out. In fact, Nitin Gadkari, a senior minister in the central government, is helping us a lot in this regard," he added.

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

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

 

 

 

View this post on Instagram

Fielding practice is everywhere you look 😏

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

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

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

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Former Pakistan captain Javed Miandad has recalled how he and Zaheer Abbas went after the Indian spin attack -- comprising of Bishan Singh Bedi, Bhagwath Chandrasekhar and Erapalli Prasanna -- and scored bulk of runs in the three-match Test series in 1978-79.

Both Miandad and Abbas took the famous Indian spin troika to cleaners in the series which Pakistan won 2-0.

"Chandrasekhar, Bedi, Prasanna... India's strength was this, their spinners. And they did well around the world but when they came here (Pakistan), they were taken to the cleaners. Our players robbed them for so many runs," said Miandad in his Youtube channel.

Miandad recounted the first Test of the series played in Faisalabad and said how he and Abbas went after the Indian spinners.

"I remember that Chandrasekhar was giving some troubles to Zaheer bhai. Then he told me 'Javed please tackle him for me'. I obviously said yes. Meanwhile from the other end, Zaheer bhai was taking a lot of runs off Bedi sahib and Prasanna," said Miandad.

"Then I said, 'Zaheer bhai please allow me to take some runs too, I will also use my feet against them. I'm stuck here. I won't take a single off the last ball'," he added.

Both Miandad (154) and Abbas (176) scored big hundreds in that match which ended in a draw.

In the second Test in Lahore, there was still no respite for the Indian spinners as Abbas scored a brilliant double hundred as Pakistan won the match by eight wickets.

In the final Test in Karachi, it was the turn of Miandad to score a century as India lost the Test and ultimately lost the series 0-2.

Chandrasekhar took eight wickets in that series at an average of 48.12 while Bedi scalped six wickets at an average of 74.83. Prasanna managed to pick just two wickets in the two matches he played in the series at an average of 125.50.

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Former cricketer-turned-politician Gautam Gambhir has become quite an active personality on social media. Gambhir, who is quite famous for his straightforward opinions and practical views, has a much lighter side on social media.

Gautam Gambhir recently took to photo sharing website Instagram to share a photo of his two little daughters Anaiza and Aazeen as they 'bring the house down' as the country faces a lockdown due to the coronavirus pandemic.

Gautam Gambhir captioned the photo saying, "That’s the look of two of the naughtiest girls on the planet after they have brought down the house with their partying!!" Take a look at the post below.

 

 

 

View this post on Instagram

That’s the look of two of the naughtiest girls on the planet after they have brought down the house with their partying!! 🥳🤣

A post shared by Gautam Gambhir (@gautamgambhir55) onMay 4, 2020 at 12:15am PDT

Gautam Gambhir, who is member of the Lok Sabha, got married to Natasha Jain in 2011. Their first daughter Aazeen was born in June 2014. Gambhir and Natasha welcomed their second daughter Anaiza, born in June 2017.

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Indian cricket team captain Virat Kohli and his wife Anushka Sharma on Wednesday paid tributes to their pet dog Bruno, who died after gracing their lives for 11 years.

Kohli penned down on emotional note on social media to express grief at the demise of Bruno. "Rest in peace my Bruno. Graced our lives with love for 11 years but made a connection of a lifetime. Gone to a better place today. God bless his soul with peace."

 

 

 

View this post on Instagram

Rest in peace my Bruno. Graced our lives with love for 11 years but made a connection of a lifetime. Gone to a better place today. God bless his soul with peace 🙏❤ï¸Â

A post shared by Virat Kohli (@virat.kohli) onMay 5, 2020 at 8:33pm PDT

Meanwhile, Anushka shared an image of the trio, remembering their furry friend. "Bruno RIP", she captioned the photo.

 

 

 

View this post on Instagram

♥ï¸Â Bruno ♥ï¸Â RIP ♥ï¸Â

A post shared by AnushkaSharma1588 (@anushkasharma) onMay 5, 2020 at 8:39pm PDT

Virat and Anushka, a celebrated star couple, are currently spending quality time at home following the nationwide lockdown in order to contain the spread of the coronavirus pandemic.

Kohli and Anushka have been quite active on social, media, often sharing videos and photos to encourage people to obey guidelines set by the government to battle coronavirus.

Had the IPL 2020 season been underway, Virat Kohli would have been leading his team Royal Challengers Bangalore. However, the IPL is indefinitely postponed.

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With no cricket in sight in the near future due to the COVID-19 pandemic, the sport's groundsmen are the worst affected. Touched by their plight, India women's all-rounder Anuja Patil has came forward to help the groundsmen in her hometown, Kolhapur. Patil has distributed groceries worth approximately Rs 40,000 to groundsmen besides providing financial aid to some in dire need.

Supporting Patil in this cause are former Maharashtra pacer Ramesh Kadam, her Maharashtra teammate Rutuja Deshmukh, U-23 batsman Ranjit Nikam and trainer Swapnil Kadam. The group visited Kolhapur's Shaupuri Gymkhana, Shivaji Maharaj Stadium and Shau Stadium and provided aid to 11 groundsmen.

'Challenging times'

"This is a challenging time for all. And having undergone some of these tough situations personally, I understand how challenging it is to manage things. I feel it's my duty to help the needy," Patil, whose father Arun used to be an auto rickshaw driver till a few years ago, told mid-day.

"This crisis may last for another couple of months, so I plan to meet these groundsmen again to help out," added Patil.

Kadam said: "So far, we have distributed 11 grocery kits comprising rice (25kg), wheat (25kg), sugar (10kg), oil (5litre), dal (5kg), tea powder, soap etc."

India A's Anuja Patil during the first ODI against Australia A at Brisbane last December. pic/Getty Images

Having represented India in 50 T20Is, Patil can't wait to put on her India jersey and get on the cricket field again. But before that, she is keen to use this lockdown phase to upgrade her skills. "I'm utilising this time to work on my game. I'm following the schedule that has been given to us by our coach WV Raman sir and also speaking to my local coaches—Suraj Jadhav and Anil Sangawkar. I spend two hours training every morning and evening. I do my batting drills by hanging the ball on a rod and also bowl a bit in my parking lot. I'm also working on improving my visualisation of the ball with certain drills," said Patil, who has claimed 48 T20I wickets with her off-spinners.

Mental preparation

Patil made a fine impression in the fifth and final T20I on November 20 last year at the Providence Stadium in West Indies, returning with figures of 3-1-3-2 to help India win by 61 runs. "I want to ensure that I am mentally prepared because whenever the situation is normal again, cricket will begin and I should be ready to perform," Patil concluded.

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England star all-rounder Ben Stokes on Tuesday ran his first half marathon to raise funds for the National Health Services (NHS) Charities Together and national children's cricket charity Chance to Shine. The 28-year-old all-rounder completed the run in the one hour 39 minutes and 41 seconds. Stokes who has played 63 Test and 95 ODIs for England completed the marathon near his home and made an appeal to fans to donate towards the foundation.

"Please donate! That was so hard! it's all for a great cause: the NHS Charities Together and Chance to Shine foundation if you can please go and donate," said Stokes in a video posted on Instagram. "Guys please check my story if you are able to help out and donate towards @NHSCharities and @Chance2Shine ..I've just competed a half marathon to support the 3 guys with their efforts to raise money who did a full marathon in their back gardens," wrote Stokes on Instagram.

The left-handed Stokes on April 8 became the first English cricketer since 2005 to be named as Wisden's Leading Cricketer in the World. In 2005, Andrew Flintoff was named as Wisden's Leading Cricketer of the Year. The year 2019 proved as an instrumental year for Stokes as he played a key role in England's first 50-over World Cup win and then he went on to play a memorable inning against Australia during the third Ashes at Headingley.

Also, the English all-rounder was named as ICC's cricketer of the year in January 2020.

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India's limited-over vice-captain Rohit Sharma in an Instagram Live with Australian opener David Warner said India's tour of Australia, which is scheduled after the T20 World Cup, will be a "great way" to restart international calendar.

'Love playing Australia'

"I love playing against Australia. When we won last time [in 2019], it was great for us. You guys [Warner and Steve Smith] were missing [due to ball-tampering bans]. "What our bowlers and batters did there was amazing. I am looking forward to the upcoming tour already. Hope both boards manage to get the series underway. Will be a great way to kick off cricket in the world," Rohit said.

India won their first Test series in Australia, and Warner said he was feeling helpless watching his team lose. "Watching that series was hard as you can't do anything from the outside. But I want to say that India has the best pace attack against left-handers. They zero in one spot and keep bowling there. "Mentally, it was great for Indian cricket but it was hard to watch. I felt helpless," said Warner.

The southpaw said it is unlikely that the T20 World Cup will be staged in his country in October-November because of the COVID-19 pandemic. "The ICC World Cup will not go ahead here by the looks of it. It will be difficult to get everyone (16 teams) together," he said. Warner is also not enthused by the idea of playing in front of empty stands, like Australia did against New Zealand in Sydney in March before the ODI series was called off.

Bizarre experience

"It was a bizarre experience. You could only hear echo of the cricket ball. It was bizarre. We are used to calling 'yes and no' while running between wickets but we did not need to do that. It was literally like playing a warm-up game."

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The death toll from the Coronavirus pandemic has slowed in some of the worst-hit countries, with Spain readying Monday to reopen parts of its economy as governments grapple with a once-in-a-century recession.

Italy, France and the US have all seen a drop in COVID-19 deaths in the past 24 hours, with Italy — the European nation most afflicted — reporting its lowest toll in more than three weeks.

Spain's death toll has fallen in recent days, but as a small bump in deaths was reported on Sunday, Prime Minister Pedro Sanchez warned that the locked-down country was "far from victory".

"We are all keen to go back out on the streets... but our desire is even greater to win the war and prevent a relapse," he said, as some companies were set to resume operations at the end of a two-weeks halt of all non-essential activity.

In the US — now the world's worst-hit nation with a fifth of all deaths and more than half a million confirmed cases — the government's top infectious disease expert added to cautious optimism that the pandemic may have reached its peak.

Anthony Fauci said, "We are hoping by the end of the month we can look around and say, OK, is there any element here that we can safely and cautiously start pulling back on?"

1,16,045
Total no. of deaths worldwide

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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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The US became the first country in the world to have more than one million cases of the novel Coronavirus. It accounts for nearly one-third of the 3.1 million cases globally on Tuesday, while the fatalities spiked to over 58,300, exceeding the number of American soldiers who lost their lives in the two-decade-long Vietnam War.

'We're coming back strong'
According to the US National Archives, 58,220 American soldiers died in the Vietnam conflict, which began in 1955 and ended in 1975. With 58,355 deaths so far, the US also accounts for one-fourth of the over 2,13,000 global fatalities.

"We continue to pray for the victims as well as for those Americans who are grieving their lost ones and their loved ones. There's never been anything like this. We suffer with one heart but we will prevail. We are coming back, and we're coming back strong," US President Donald Trump said at the White House during his remarks on the Paycheck Protection Programme.

"Now that our experts believe the worst days of the pandemic are behind us, Americans are looking forward to the safe and rapid reopening of our country," he said. "Throughout this ordeal, millions of hard-working Americans have been asked to really make tremendous, tremendous sacrifices. It is sacrifices like nobody thought would even be possible; nobody thought we would ever be talking about something like this," Trump said. Meanwhile, several states have initiated the process to reopen their economies.

Some states reopen
In California, Governor Gavin Newsom outlined the phased reopening of his state.
"We are not going back to the way things were until we get to immunity or a vaccine. We will base reopening plans on facts and data, not on ideology. Not what we want. Not what we hope," he told reporters. More than 1,800 people have died due to the coronavirus in California so far. Schools and colleges, he said, could start in July-August.

Texas Governor Greg Abbott has also announced first phase reopening of the state. Tennessee on Monday allowed reopening of restaurants and later this week retail outlets could resume their businesses. Pennsylvania has announced three-phase reopening of the state beginning May 3. The US, Trump said, is opening up again.

58,355
No. of deaths due to COVID-19 in America

58,220
No. of US soldiers killed in two-decade-long war

People visit Yellow Crane Tower after it reopened to the public in China's Wuhan, the epicentre of the COVID-19 outbreak, on Wednesday. Pic/AFP

China's parliament to meet on May 22

China on Wednesday said it will hold from May 22 its annual parliament session, signalling that the pandemic that paralysed the country for over three months is finally under control. The third session of the 13th National People's Congress, which was to be held from March 5, was postponed for the first time ever due to the COVID-19 outbreak.

After rolling out exit plan, Spain sees spike

With 325 new deaths, Spain on Wednesday witnessed a slight rebound in fatalities, a day after Prime Minister Pedro Sanchez announced his plan to ease the COVID-19 lockdown. Individual exercise, haircuts and other personalised services with an appointment will be allowed from Saturday. COVID-19 has killed 24,275 Spaniards and infected over 2,12,000.

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US officials believe China covered up the extent of the COVID-19 outbreak — and how contagious the disease is — to stock up on medical supplies needed to respond to it, intelligence documents show. Chinese leaders "intentionally concealed the severity" of the pandemic from the world in early January, according to a four-page Department of Homeland Security (DHS) intelligence report dated May 1 and obtained by the AP.

Marked "for official use only," the DHS analysis states that, while downplaying the severity of the virus, China increased imports and decreased exports of medical supplies. It attempted to cover up doing so by "denying there were export restrictions and obfuscating and delaying provision of its trade data," the analysis states.

Hid details from WHO
The report also says China held off informing the World Health Organisation that the COVID-19 "was a contagion" for much of January so it could order medical supplies from abroad " and that its imports of face masks and surgical gowns and gloves increased sharply.

Those conclusions are based on the 95 per cent probability that China's changes in imports and export behaviour were not within normal range, according to the report. China publicly identified the pathogen as a novel Coronavirus on January 8.

Trump 'thinks' we'll have vaccine by year end

President Donald Trump says he believes a vaccine for COVID-19 will be available by the end of the year. Trump commented Sunday night during a televised town hall. "I think we'll have a vaccine by the end of the year. We'll have a vaccine much sooner rather than later," he said. Trump also increased his projection for the total US death toll to 1,00,000 — up by as much as 40,000 from what he had suggested just a few weeks ago. So far, over 67,000 have died in US.

'Remdesivir to be out by next week'

Antiviral drug Remdesivir, approved by the USFDA for emergency use to treat COVID-19 patients, is expected to be available by early next week, the CEO of Gilead Sciences, the pharmaceutical firm manufacturing the medicine has said.

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[Source: Research & Innovation] A total of 117 innovative solutions to tackle the coronavirus have been selected as winners of the European Innovation Council-led #EUvsVirus Hackathon.

[Source: Research & Innovation] Polymer Comply Europe (PCE) is pleased to announce its next live webinar on the polynSPIRE project “Demonstration of innovative technologies towards a more efficient and sustainable plastic recycling”, organised on behalf of European Plastics Converters (EuPC) and the polynSPIRE project. The live webinar will focus on recycling and redesigning the plastics value chain are essential in reusing plastic waste material and avoiding landfill. Webinar agenda: Welcome & Introduction About CIRCE The polynSPIRE project: goals, challenges and progress Questions & Answers Closing

Local authorities in India have been instructed to draw up lists of taxpayers that have filed fraudulent or potentially fraudulent requests for input tax credits and where appropriate share this information with other state authorities.

The Hong Kong Financial Services Development Council has released a report calling for the Government to expand its tax treaty network, in particular with countries that have growing aviation industries.

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.

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.3%) and TIMKEN INDIA (down 5.3%).

E.I.D. PARRY (up 9.9%) and TV18 BROADCAST (up 6.6%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.0%) and NAVIN FLUORINE (up 111.0%).

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 4.5%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.7%). HUL (up 4.6%) and DR. REDDYS LAB (up 4.0%) are 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%).

ICICI SECURITIES LTD share price has plunged 5% and is presently trading at Rs 429.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.5%).

Among the top losers in the BSE 500 Index today are ICICI SECURITIES LTD (down 5.0%) and TIMKEN INDIA (down 5.1%).

E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 6.3%) are among the top gainers today.

Over the last one year, ICICI SECURITIES LTD has moved up from Rs 220 to Rs 429, registering a gain of Rs 209 (up 95.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.1%), ABBOTT INDIA (up 142.5%) and NAVIN FLUORINE (up 111.5%).

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 0.6%). The top gainers among the BSE Sensex stocks today are HUL (up 5.1%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 0.6%). HUL (up 5.1%) and DR. REDDYS LAB (up 3.9%) are 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 17.32%).

Enhancements to Luxembourg's network of double tax agreements to mitigate base erosion and profit shifting will become effective from August 1, 2019.

On September 13, the OECD launched a substantial report on the tax policy reforms implemented last year by advanced nations.

African countries are steadily improving their tax revenue collections, according to Revenue Statistics in Africa 2017, a new report released recently at a meeting of tax and finance officials from 21 African countries.

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.

Coronavirus vaccine: World leaders and organisations, except the United States, have already pledged $8 billion to research, manufacture and distribute a possible vaccine and treatments for COVID-19 apart from the individual efforts taken by the countries and its pharmaceutical firms