OPINION, P2 MIND & GAMES FE LINES Reformswithout GADGETS WERE ON THE WAYOUT. High-tech fashion THEN 2020 HAPPENED Blurring the lines between physical growth A brutally unexpected year turned millions of people into & virtual worlds, fashion has gone ACROSSTHEAISLE , P CHIDAMBARAM gear nerds, whether they liked it or not Page 10 beyond storytelling today Page 6

VOL. X, NO. 88 Follow us onTwitter & Facebook.App available onApp Store & Play Store WWW.FINANCIALEXPRESS.COM LEISURE FANTASY GULLY The world of fantasy sports has seen a major boom in the country amid PUNE SUNDAY, OCTOBER 18, 2020, 16 Pages, `10 FINANCIAL EXPRESS ON SUNDAY READ TO LEAD the pandemic Page 5 PUBLISHEDFROM:AH MEDABAD,BENGALUR U,CHANDIGARH,CH ENNAI,HYDERABAD, KOCHI,KOLKATA,L UCKNOW,MUMBAI,N EWDELHI,PUNE

DISCONNECT PROVISIONS UP 37% BUYER PREFERENCE WHAT'S INSIDE HDFC Bank Spectrum dividing Q2 net rises Latest wheels set 18.4% y-o-y sales in motion telcos, tech firms FE BUREAU ● BUMPER SALES Mumbai, October 17 New car models, Sept 2019 Sept 2020 (units) « Growth (%) What are Why should they ● HDFC BANK ON extra features Dispute E &VBands not be auctioned Saturday Maruti Suzuki Ignis reported an 18.4% year-on- driving demand 1,266 « brewing over ■ They are used as ■ Because of low year (y-o-y) growth in net 3,318 162 backhaul to connect propagation profit for the quarter ended access to bands Hyundai Creta

mobile where fibre is characteristic, « Septemberto`7,513croreon VIKRAM CHAUDHARY 6,641 allowing not available have low value the back of a 16.77% y-o-y New Delhi, October 17 12,325 86 ■ ■ rise in net interest income ■ SPOTLIGHT, P7 Have low They are Maruti Suzuki S-Cross

high-speed (NII) to `15,776 crore, with APARTFROMPENT-UPdemand, « propagation provided for very 1,040 non-interest income growing sales of passengervehicles have connectivity characteristic short link 2,098 102 Newrules of hospitality 9%y-o-y. been rising for the past two ■ Used for broadband ■ Managing Tata Harrier

However,the bank’s provi- months on the back of new « As hotels reopen across the country, we services, not for direct assignment is a 941 FE BUREAU sions rose 37% y-o-y to launches aswell,like a Hyundai 1,755 87 check out how things have changed in a New Delhi, October 17 mobile connectivity Herculean task `3,703.5 crore. Creta(newvariant)andKiaSon- sector that relies heavily on a In a statement, HDFC net.Forinstance,intheJuly-Sep- Source: PGA Labs What’s the best AMAJORFIGHT is brewing Bank said total provisions for tember 2020 quarter,the new personalised experience and how the way forward ■ De-licence them industry is adapting to offer the same between telecom operators the current quarter includes Cretasold35,632units,agrowth saw a lot of new car launches, Bharti Airtel, Vodafone Idea ■ Have light touch ■ Trai has also contingent provisions of of85.3%over19,227(according and“substantialsalesarecom- services, but without a ‘personal touch’ and Reliance Jio on one side regulation by charging suggested against approximately `2,300 crore to databyPGALabs,themarket ing from models such as new and technology players token amount auctioning forproformanon-performing research arm of Praxis Global Creta, Sonet, new Maruti Google,Microsoft,Apple,Face- assets (NPA),as well as addi- Alliance).Analystssaythenovelty SuzukiS-CrossandTataAltroz”. ■WORDS WORTH, P4 book, etc, on the other, over a tional contingent provisions factoris a majorfactorto drive Even a relativelylowersell- spectrum band that has the spectruminthebandconcerned that auctioning of spectrum in to make the balance sheet peopletoshowrooms. ingcar,theS-Cross,wasableto potential to provide high- should be auctioned, as not these bands would go against more resilient. Sanjeev Garg, practice get onto the noveltywave. Aworking speed broadband services, doingsowouldleadtolossofrev- internationalbestpractices. leader, automotive, Praxis especially in remote areas and enuetothegovernmentbecause The spectrum concerned is Continued on Page 3 Global Alliance, says this year Continued on Page 3 hypothesis forbetterin-buildingcoverage. ofthesebandshavingaveryhigh theEandVbands,whichareused Daniel Susskind’s Theissuethathasdividedthe commercialvalue proposition. as backhaul to connect mobile vision of the twosidesiswhetherspectrumin Opposing theirstand,the tech- wherefibreisnotavailable. the band concerned should be nology players through their Sourcesinthedepartmentof DCGI nod to DRL’s human trials for Sputnik V future is delicensedorshouldbeallocated association Broadband India telecommunications(DoT)have Hyderabad:DrReddy’sLabora- vaccine in India.The city-based significant development that something to through auctions,as is the case Forum (BIF) have contested thus far maintained that auc- toriesandRussianDirectInvest- drugmakersaidinapressrelease allows us to commence the deliberate about foraccessservicesspectrum. COAI’s stand,and written that tionisruledout,butsoisadmin- ment Fund on Saturday that this will be a multi-center clinicaltrialinIndiaandweare Thetelecomoperators,under the spectrum should be deli- istrative assignment, which announced that they have and randomised controlled committed to bringing in a theaegisoftheirassociation,Cel- censedandnotauctioned,asitis means allocating spectrum on receivedapprovalfromtheDrug study,whichwill include safety safe and efficaciousvaccine to lular Operators’Association of not the same as spectrum for first-cum-first-servedbasis. ControlGeneralofIndiatocon- andimmunogenicitystudy. combat the pandemic.” India (COAI),havewritten a let- accessservices.Questioningthe duct an adaptive phase 2/3 GV Prasad, co-chairman ODD & EVEN ROHNIT PHORE ter to the government that the COAI’sstand,BIFhaspointedout Continued on Page 3 human clinical trial forSputnik and MD,DRL,said,“This is a Continued on Page 3

QuickPicks New Zealand’s Ardern wins 2nd term in landslide election ALVIDA KHANSI NEW ZEALAND PRIME Minister Jacinda Ardern won a second term in office on Saturday in an election landslide of historic proportions, reports Associated Press. With most votes HERBAL COUGH SYRUP counted, Ardern's liberal Labour Party was winning 49% of the vote compared to 27% for its main challenger, the conservative National Party. /TorexHerbalCoughSyrup JETAIRWAYS SORE THROAT COLD COUGH /torexherbcoughsyrup /TorexCoughSyrup

Kalrock-Jalan /TorexHerbalCoughSyrup resolution TULSI plan gets nod Tulsi helps suppress cough and ANKUR MISHRA aids the mobilization of mucus. Mumbai, October 17 LENDERS TO JET Airways have PIPPALI approved the resolution plan submittedbyaconsortiumled Pippali provides relief from cough by Kalrock Capital and entre- and congestion. preneurMurariLalJalan.FEhas learned that Kalrock Consor- tiumhadoffered`860croreto VASA all lenders,including financial andoperationalcreditors. Vasa improves voice quality and BACK ON TRACK The airline had admitted relives cough. A monorail from Chembur to Jacob Circle on a trial run a day before resumption of claimsworth`15,525crore,of services in Mumbai PTI which admitted claims of financial creditors stood at KULANJAN `7,460crore.Theotherbidder was a consortium comprising Kulanjan is effective herb for Haryana-based Flight Simula- pearing cough and throat itching. tion Technique Centre, Mum- bai-based Big CharterandAbu Value for money order of day Dhabi’s Imperial Capital YASHTIMADHU Investments. The resolution (%, y-o-y) E-commerce trends in Q3 growth professional (RP) for Jet Air- Yashtimadhu treats cough, hoarse ● decline E-tailers from ways Ashish Chhawchharia increase 31 volume in average 90 voice, chest congestion & sore throat. 24 5 tier III and will now move National Com- betting on small in GMV growth order value Alcohol Free beyond pany Law Tribunal (NCLT) for towns to drive Various segments in Q3 its approval. (Order volume growth, %) “TheofferbyKalrockconsor- festive sales Fashion & accessories tium was very close to liquida- 30 tionvalue.But,we hadvoted to Personal care keep the company as a going DEVIKA SINGH concern, ” a senior executive 100 New Delhi, October 17 involved in the matter told FE. Health and pharma The resolution plan submitted Source: Unicommerce DESPITE THE COVID-19 pan- 75 by Kalrock consortium was demic and muted consumer slightlybetterthantheotherbid- sentimentondiscretionarypur- ber 21, while Amazon’s Great almost half of the 45-50 mil- derintermsofvalue,headded. chases this year,retail analysts IndianFestival,whichstartedon lion online shoppers this year Jet Airways had earlier are hopeful of festive sales October 17, will go on for a will come from smaller towns attracted 12 expressions of bringing the cheer back into month. Other players like this season. interest (EoIs) from bidders, shopping, particularly online. Snapdeal and Myntra, too, OnthefirstdayofFlipkart’s whichwere narrowed down to The first leg of festive sales on launched theirfirst sales events Big Billion Days sale on Friday, twoprospectivesuitors.Oneof online marketplaces, which oftheseasononOctober16. nearly 50% of the new cus- the two bidders had sought kicked in on October 16, is Amidst the pandemic, e- tomerscamefromtier-IIIcities more time to revise the bid expectedtorakein$4billionin tailers this year have sharp- andbeyond.Amongcategories, upwards, and lenders had WITH BENEFITS OF TULSI & HONEY grossmerchandisevalue(GMV), ened their focus on the‘value’ thehomesegmentregistereda agreed to give more time for asperRedSeerConsulting. play, as they expect first-time 53% increase in new cus- both consortiums to submit Distributor contact : Mumbai - Dynamic Marketing Company + 91 99672 31274 | Sanghvi Enterprises +91 88988 03006 | Pune - Sudhir Enterprisers +91 94222 73099 Flipkart’sflagshipfestivesale buyers from tierII andbeyond tomersfromtier-IIIcities. revised bids. Nashik - Sai Enterprises +91 98810 75465 | Nagpur - V.K Brothers +91 98900 48784 |DM: +91 83499 97194 | ASM Nashik : +91 9762661444 eventBigBillionDaysstartedon townstodrivegrowth.Accord- For more information, please contact : +91 97792 14455, +91 73199 35154 (Whatsapp) / [email protected] October16andwillendonOcto- ing to the RedSeer report, Continued on Page 3 Continued on Page 3

Pune FE SUNDAY2 WWW.FINANCIALEXPRESS.COM

OpinionSUNDAY, OCTOBER 18, 2020

THERE IS ONE matter on which we can all agree: no ruling party or govern- ACROSSTHE ment has been as successful as the BJP orModi government in propagating its FIFTH views, policies and actions, and to that AISLE purpose theywill spend any amount of P Chidambaram COLUMN money, bully any ally, threaten any TAVLEEN SINGH adversary and bend any institution. Hyperbole comes naturally to them,so much so that until Februarythis calen- dar year they were boasting that India Well done,Bollywood was the'fastest growing large economy in the world'when the truth was the IN THOSE FIRST months of Naren- bastion that has stood in thewayof Indian economy was sliding rapidly dra Modi's first term,when I was a the malevolent 'new normal',it is towards an abyss. 'Modi bhakt',I had a conversation Bollywood.Not only has it shown The sole aim of the propaganda is to Reforms with an RSS intellectual about Bol- that ideas like'love jihad'have no raise Mr Narendra Modi to the pan- lywood that makes more sense place in its world but it chooses to theon of the greatest leaders of India. today than it did then.We were at a remain oblivious to the creed or Faced with the worst economic perfor- booklaunchonacoldDelhievening caste of thosewho enterits portals. mance in decades [8 quarters of declin- and got talking about politics and All that matters here iswhetherthe ing growth rate culminating in a de- BollywoodcameupinacontextIno box office likes a movie or a movie growth of (-) 23.9 % in Q1 of 2020-21], without growth longerremember.Thememorythat star. This is why the charges of the effort now is to portray Mr Modi as remainsclearishimsaying,"Weare 'nepotism'flung at the industry by a bold economic reformer.The latest to training young Hindu boys to have those who would like to see it join the cheerleaders is a distinguished six packs so that we can oust the destroyedareabsurd.Noamountof academic, Dr Arvind Panagariya. His Khans from Bollywood.They have nepotismcanmakeanactorastarif central thesis is 'Mr Modi has estab- too much power."The memory of theboxofficerejectshimandyetwe lished his reformist credentials along- this conversation has come back to haveseenBollywood'nepotism'dis- side PMs like Rao and Vajpayee'. Note haunt me in recent days, as I have cussed for weeks on primetime. that DrManmohan Singh does not fig- watched Bollywood maligned on Why it now seems like a campaign ure in that list! news channels that pass off ledbymenattheverytopoftheBJP To buttress his argument, Dr unabashed government propa- is because print journalists of Hin- Panagariya lists five reforms. ganda as news. dutva persuasion,who write about 1.The Insolvency and Bankruptcy Lastweeksomeofthemostpow- economics and politics, have leapt Code: The idea germinated in the erful people in Bollywood finally intowritearticlesabouthowBolly- Raghuram Rajan Report (2008), was reacted by filing a defamation suit wood makes'anti-Hindu'films.The developed by a Committee of Secre- against four anchors from these charge is pathetic and ludicrous. taries (2013) and culminated in a draft channels.Intheirsuittheyobjected IfIwritetodayindefenceofBol- Bill (2013-14).It was made into a law tothe use ofwords like'filth','scum', lywood,itisnotjustbecauseIthink and passed by the Modi government.It 'druggies'and'dirt'bytheseanchors it stands for those real secular val- had many defects that have been who,in their efforts to prove that ues that need to be cherished more attempted to be repaired by several Sushant Singh Rajput was mur- today than ever before. But also Amending Acts,but it is still work-in- dered,madetheHindifilmindustry because those who want to destroy progress.The results of fouryears of the sound like a den of vice and evil. our most powerful weapon of soft IBC are unsatisfactory. Both credit and Night afternighttheyhurledabuse poweraredoingIndiarealharm.On discredit must go to Mr Modi. at an industry that for decades has my travels I have heard Hindi film 2.Labour law reforms: Codifica- been the most importantvehicle of songs in the deserts of Morocco, in tion of laws is an administrative act,not Indian soft power. And, over and night clubs in Europe and seen the a pathbreaking reform.Except for rais- over again I remembered that con- blackmarketforpiratedHindifilms ing the threshold from 100 to 300 versation I had with the RSS intel- that flourished in Lahore and workers for applying'hire and fire'in lectual.TheRSShasanantipathyto Karachiwhentensionsweresohigh establishments,the otherprovisions of Muslims that is no secret. But, this that some militarydictatorbanned the four Codes tinker at the margins. was not the only reason why he theirimport. Even in capitalist countrieswhere there wanted to 'oust the Khans'. What It is my fervent hope that the are powerful unions, no worker can be seems to be the real reason behind efforts being made to demean and terminated except for'good cause'. The the attack on Bollywood is that it perhaps destroy Bollywood fail,but unions will fight arbitrary termina- represents secular values that in thereisnopointindenyingthatthe tions. In countries like India, where these Hindutva times have menwhowanttoseeitdestroyedare only a small proportion of workers are absolutelyno place. today extremely powerful.They are unionized, the only protection is the There are two kinds of secular- determined to use Bollywood as a law. Even now, a worker can be termi- isminIndia.OneisthekindthatLK vehicle to spread their version of nated for good cause. Thanks to the Advanioncecalled'pseudosecular- 'nationalism'.If in the process they new Codes,casualisation of labour and ism' and which became the Con- end up causing more harm than contract labour (through manpower An Indian tribal farmer crosses a stream near his paddy field in Umswai village, outskirts of Guwahati AP gress Party's main method of keep- good,theycouldnotcareless.Itsad- suppliers) will increase. Security of job ing its Muslim vote bank intact. dened me when Bollywood seemed is a powerful incentive for efficiency and the seller to conclude the transac- fear is that NMC will also be captured capitalism. He supports incipient Instead of schools and jobs,Mus- toreactina spineless,supinewayto and higher productivity on the shop tion at a price not less than the notified by the BJP, through the government or monopolies.If he wants to undertake lims were given Haj subsidies and these efforts to attack itsveryfoun- floor. The little security enjoyed by MSP. Laissez faire,the entry of corpo- otherwise, as it has happened to many genuine, bold reforms — which he can other religious concessions. The dations.Andthisiswhyitpleasedme workers is being whittled,and that is rates and trading in a totally unregu- other bodies including Universities? do given his absolute majority in the high point of this 'secularism'was to see the film fraternity come whyeven the Bharatiya MazdoorSangh lated environment do not amount to 5. Liberalizing FDI: During the Lok Sabha, something that neither whenRajivGandhichangedthelaw together to fight back last week. It (affiliated to the RSS) is protesting the 'reform'. Beforewe buyDrPanagariya's Narasimha Rao and the Dr Manmohan Narasimha Rao nor Dr Manmohan to allow Muslim men to use the pleased me more because this hap- changes.True labour law reforms need argument,he must tell uswhythe most Singh tenures,the BJP opposed every Singh enjoyed — a list can be put Shariat to avoid paying mainte- pened in the week that the mighty to be done in consultation with the productive farmers of the country, step toward liberalisation of FDI.The together.The ultimate test of a reform nance to divorced wives. It was Tata group bowed to Hindutva unions and the working class. belonging to Punjab and Haryana,are first Bill to open insurance to the pri- is whether the reform adds to or inevitable that a correction would goonsonsocialmediaandremoved 3. Farm laws: Less said about the protesting on the streets. vate sector including foreign investors accelerates the growth rate of the GDP. happenandithasinthisfirstyearof that Tanishq commercial that por- new farm laws, the better. There are 4. Reform of medical education:I that I introduced in 1997 was bitterly By that unquestionable standard, the Modi's second term in an uglyway. trayed with elegance and beauty problems with the current system of do not understandwhat radical reform opposed — and defeated — by the BJP 'boom years' under Dr Manmohan Social media platforms have been whatrealIndiansecularismisabout. procurement of agricultural produce there is in replacing the Medical Coun- in opposition! The BJP also stoutly Singh make Dr Singh the reformer par used to spread hatred against Mus- This is a timewhen Indianswho and reforms are required,but the med- cil of India by the National Medical opposed FDI in retail. The Vajpayee excellence. Let Mr Modi deliver growth lims and even Urdu. When they believethatrealsecularismisworth icine prescribed by the new laws is Commission. For many years the erst- government then, and the Modi gov- before he can aspire to a place among wanttoinsultme,forinstance,they fighting for to stand up and speak. worse than the disease.I reiterate my while MCI was controlled by a person ernment now,had a change of heart on the pantheon of economic reformers. call me 'Mohtarma' (Madame in They will need to speak loudly view that debilitating the imperfect who was,and is,a close friend of Mr FDI, and I welcome that, but it is not a Urdu) or Bibiwithout realising that because there are too many who mandi system is not the answer.The Modi.The idea of replacing the MCIwas reform that Dr Panagariya can most Punjabi Hindus and Sikhs use shriek 'sickularism, sickularism' solution lies in creating thousands of born in the UPA's tenure.The proof of attribute solely to his hero! theword Bibi formother. muchtooloudlythesedays.Fanatics Farmers' Markets in large villages and the puddingwill be in the independent In myview,Mr Modi is a cautious Website: pchidambaram.in Inthisatmosphereofhatredand arestupidsotheydonotseethatitis small towns and obligating the buyer functioning of the Commission. The leaderwith a strong bias towards crony Twitter @Pchidambaram_IN vileabuseifthereisoneformidable theywho are sick. Down and under

world's top-ranked player for a (then) CountryClub,inafieldthatincludednine months in exhaustive consultation with Pro golfers rely on the Australian Open, Australian PGA record331weeks,finishedsevenseasons oftheworld'stop10players,gavehimhis allrelevantauthoritiesandoursanction- Championship—the biggest official money spinners ontopoftheworldgolfrankings,andwon 14th official PGATourtitle.More impor- ing partners to try to find a way to stage thePGATourofAustralia'sOrderofMerit tantly the win brought Scott-who hadn't all three events safely and at that world- sixtimes. won for over four years-a three-year- class level to which we've all become Championship are the biggest official When I think of the'Shark'I remem- exemption and 1.6 million dollars (USD) accustomed.Butevenwithmultiplecon- moneyspinnersontheAustralasianTour, bershotsofhimalightingfromhischop- inprizemoney.ItalsocatapultedtheAus- tingency plans, it has reached a point OVERTHE with a combined purse of nearly three peratPGATourevents,whenmostplayers tralian to a world ranking of number wheredecisionshavetobemadeandthis, million Australian dollars.To get a sense flewcommercialairlines,oreventookthe seven-the first time he had been in the regrettably,is the one we've had to take," TOP of the monies that pros, who ply their road.But more than business acumen,it Top-10 since June 2017.Like all theAus- Kirkman said.A string of measures that Meraj Shah tradeonthistourmake,considerthatthe was Norman's upright golf swing that tralian players of his generation, Scott included players being isolated in a hub order of merit winner last year-Ryan really made an impression; from a 27- idolises Norman and will be hoping to and competing while serving a strict Fox-pocketed307,000(AUD)inthe2019 handicapasa15-year-old,Normanwent overhaul his hero's careertitle tallyof 20 quarantine period,as well as restricting THEAUSTRALIAN OPEN and PGACham- season. In comparison Jazz Janewat- toscratchin18monthsandembarkedon eventsonthePGATour. crowd numbers and movement, were pionships 2020 get the axe. Funnily tananond,who topped the OOM on the a career as one of the greatest drivers in While Norman's tally is a fairway off, considered but eventually discarded as enough, I learnt more about the Aus- AsianTourinthatseasonmadejustovera the game. Those interested in the golf Scott's prioritywould be to join the Aus- beingunviable. tralian Open and PGA Championships million dollars (USD)-about five times swing of yesteryears,should watch'The traliangreatasatwo-timesmajorwinner. Even more worryingly,Emirates,the when they were cancelled this year. My more than Fox. No surprise then Long Game,’— an astonishingly simple Hecontendedinthreeofthefourbigones longtimesponsoroftheAustralianOpen ignorance about the oldest champi- that players from Australia and New instructional video in which Norman lastyear.Eventhoughhedidn'twinonthe is,like most airlines around theworld,in onships in Australia (both events were Zealand try and play multiple tours to elaborates on his swing technique.Nor- USPGA Tour over the past few seasons, deepfinancialstress.It'samootpointthat first played in 1905) was somewhat dis- makealiving. man also played with his own version of Scott found his mojo in December 2019 the brand will be clamping down on its pelledwhenIreadthatitwasonlythefirst This piece of news also got me think- the interlock that he called the 'inter- when he won the Australian PGA Cham- international sponsorships to cut costs; timesincetheSecondWorldWarthatthe ingaboutgolfinAustralia.Forthelongest mesh.'I can only say that unlike many of pionship.He'll now have the bittersweet justthethree-yeardealfortheAustralian Australian Open was being cancelled. time, the continent was synonymous the modern players who struggle with distinctionofbeingthedefendingcham- Open,signedin2018,willsavethecarrier Thegoverningbodieswhichsanctionthe withGregNorman—thelegendarygolfer injury,Norman continues to have a real pion for another year.The Coronavirus- 5.5 million dollars (AUD) if it's not events decided there was no point in known more for his unfortunate losses lash at the ball.There's got to be some- related postponement and cancellations renewed.The bright spot,fora change,is trying to hold a truncated-field tourney than his two Major championship wins. thingsaidforlongevityofagolfswing. areexpectedtomakethingsharderforall that the sponsor of the women's in cities that are still very much under Therewasatimeinthe1990swhenown- ThenextgreatplayerfromAustraliato ofsportinAustraliabutespeciallyforpro- event-ISPS Handa,a Japanese non-profit lockdown. ing a'Shark'golf tee was quite the state- capture international attention was fessionalgolf.PGAofAustraliachiefexec- organisation that focuses singularly on WhileI'dbelyingifIsaidthatnewsof ment; with a clothing and accessories Adam Scott. The tall man's copybook utive Gavin Kirkman,ALPG chief execu- promotingsportaroundtheworld-isnot theeventfeltlikeabodyblow,(saylikethe line, equipment and a smorgasbord of setup continues to be a poster for the tive Karen Lunn and Golf Australia chief expected to follow suit. But the postponement of the Open Champi- diversified business holdings, Norman 'matchstickmen,'anglesthatcoachestalk executive James Sutherland confirmed organisation could use a corporate onshipthisyeartoJuly2021),itdidmake thebusinessmanhasbeenatleastassuc- about.The40-year-old'scareerappeared thatbesidestheAustralianOpenandPGA helpinghand.Ascouldallofprofessional me think about pro golfers in Australia cessful as Norman the golfer. No small tobeonthewaneuntilhewontheGene- Championship,the Women's Australian sportinAustralia. whorelyonthattourtomakealiving.The compliment considering that Norman,a Adam Scott will be defending his sisOpenonthePGATourinFebruarythis Openwon'tproceedbecauseoftheglobal Agolfer,MerajShahalso Australian Open,and theAustralian PGA world golf hall of fame inductee,was the Australian Open title in 2021 year.Scott's two-shot triumph at Riviera pandemic. "We have collectively spent writesaboutthegame

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tween 71-76 Ghz and 81-86 by5%.Theaveragesellingprice estimates,the cost for delivery avast margin.Forexample,the ravVangaal,associate director, Thar.“Because South Korea and From the Front Page Ghz (E band) and between 57- for fashion on e-commerce is hasalreadygoneupby10-15% Sonet,launched on September IHSMarkit.“Mostofthetraction Chinawere not as‘locked’as In- 64Ghz(VBand).Thesebandsare `500-750, whereas it is asaresult.Thehighervolumesof 18,sold 9,266 units in just 12 of pent-up demand after the diawas,companies such as Kia HDFCBankQ2net The CASAratio stood at 42.2%, like fibre and can be used for `10,000-15,000 for mobile ordersplacedinthefashioncate- days (also because Kia had lockdown has been taken by andMGwereabletoreadytheir rises18.4%y-o-y upfrom40.1%aquarterago. broadband services but not for phones and `25,000-40,000 gorywouldfurtheraddtocost,as started the bookings onAugust thesemodels.”Headdsthatcar- newproductsontime,andthus Thebank’stotalcapitalade- directmobileconnectivity. fordesktopsandlaptops. it has a higher return rate of 20),outselling the established makerssuchasKiaandevenMG wereabletoridethepent-upde- Thebanksaidifithadrecog- quacyratio(CAR)asperBaselIII According to some analysts, Mostmarketplaceshaveasked around 20-30%. While these models such as Maruti Suzuki have gained because certain mandwave forlonger,”he adds. nisedasbadtheaccountswhich guidelines was at 19.1% as on the telecom operators are op- theirsellerstopricetheirproducts companiesgenerallyacquirealot Vitara Brezza (9,153 units) and other carmakers couldn’t fully Forthcoming cars launches in- werenotdeclaredNPAtillAugust September30(17.5%asonSep- posed to the move to delicense inthelowersegmentskeepingin ofnewcustomersduringthefes- HyundaiVenue(8,469units). ‘ready’theirnewmodelsontime cludetheMagnite,XUV500,and 31, 2020, under the Supreme tember30,2019)asagainstareg- the E and V bands as they fear viewthedismaleconomicsitua- tive sales,says SauravChachan, “Whenevera buyerenters a (because of the lockdown in In- thenTataGravitasandHBXand Court’s orders, the proforma ulatoryrequirementof11.075% thattechnology companiesmay tion.This movewould also help seniorconsultant,RedSeerCon- showroomoropensawebsitefor dia).Models whose launch got RenaultKigerwithinthisfinan- grossNPAratiowouldhavebeen whichincludescapitalconserva- enter into the broadband mar- themwoofirst-timebuyers.Sellers sulting,theyare often unable to digitalpurchase,herfirstglance delayedincludeNissanMagnite cialyear,in addition to the new 1.37% as on September 30, tionbufferof1.875%,andanad- ketandusethedelicensedspec- in the fashion category, for in- retain them in the absence of goes to newmodels,”says Gau- and Mahindra XUV500 and i20(late-October). 2020, as against 1.36% as on ditional requirement of 0.20% trum,whichwouldcomefreeof stance,havebeenaskedtopricea strategiestocreatestickiness. June30,2020,and1.38%ason on account of the bank being cost,to provide services to con- majorshareoftheirmerchandise DCGInodtoDRL’shu- September30,2019.Thebank’s identifiedasadomesticsystemi- sumers.This maylead to a non- inthe`500-1000range.“Antici- mantrialsforSputnikV proforma net NPA ratio would callyimportantbank(D-SIB).Tier levelplayingfieldastelecomop- patingthegrowthinthevalueseg- havebeen0.35%.Itsactualgross 1 CAR was at 17.7% as of Sep- erators have spent billions of ment,we have asked our sellers Kirill Dmitriev,CEOofRDIF, NPAratio in Q2was1.08% and tember30comparedto16.2%as rupeesinacquiringaccessspec- acrosscategoriestokeeppricesat said,“Weare pleased to collabo- netNPAratiowas0.17%.“Pend- ofSeptember30,2019.Common trum to offer the same kind of the lower end of the spectrum,” ratewith the Indian regulators ingdisposalofthecase,thebank, equitytier1 capital ratiowas at services. Companies like Mi- saysaSnapdealspokesperson.It andinadditiontoIndianclinical as a matter of prudence, has 17.0%asofSeptember30.Risk crosoft, Google, Facebook, etc, hasalsotiedupwith5,000manu- trial data,wewill provide safety made a contingent provision in weighted assetswereat `10.37 have in the past shown theirin- facturesincommercialhubstosell andimmunogenicitystudyfrom respect of these accounts,”the lakhcrore,asagainst`9.63lakh tenttoprovidebroadbandusing productsataffordablepricesdi- theRussianphase3clinicaltrial. lendersaid.It also continues to croreasatSeptember30,2019. delicensedspectrum. rectlyonitsplatform.Companies Thisdatawillfurtherstrengthen holdprovisionsasonSeptember The bank’s NBFC subsidiary Kalrock-Jalanresolution arealsobettingonemerging‘at- theclinicaldevelopmentofSput- 30,2020,against the potential HDBFinancialServicesposteda plangetsnod home’ categories to drive de- nikVvaccineinIndia.” impactofCovid-19basedonthe netprofitof`30croreinQ2.The mandthisyearandhavetailored Latestwheelsset information available at this totalloanbookgrewby2.3%to Thedeadlineforcompleting theirmerchandiseaccordingly. point in time and in excess of `57,014 crore as on September theJetAirwaysinsolvencyresolu- “We have doubled down on salesinmotion prescribednorms.Thebankheld 30, 2020 as against `55,759 tionprocesswasearlierextended productssuchaslaptops,smart- Launched on August 5, its floating provisions of `1,451 croreasofSeptember30,2019. beyondAugust21duetoCovid- phones,headphones,loungeand salesgrewawhopping171%in croreandcontingentprovisions Spectrumdividing 19.Thedefunctaviationcompany comfort wear,etc,that cater to August-September — to 4,625 of`6,304croreasonSeptember has admitted claims of `7,460 thework-at-home,stay-at-home units from 1,706 units a year 30,2020.Totalprovisions(com- telcos,techfirms crorefromfinancialcreditors.The and wellness-at-home seg- ago (forcomparison,in Julythe prisingspecific,floating,contin- What’slikelyonthecardsisa leadcreditor,SBI,hasthehighest ments,”saysNanditaSinha,vice- old model of the S-Cross sold gent and general provisions) light touch licensing but a final admittedclaimsof`1,636crore, president,events,engagement merely 451 units). “There is a were195%ofthereportedgross decision is awaited.In fact,the followedby`1,084crorefromYes and merchandising at Flipkart. certain degree of affection to- NPAsor154%ofproformagross TelecomRegulatoryAuthorityof Bank,`754crorefromPunjabNa- The marketplacehas kept these wards newcarmodels,because NPAsasonSeptember30,2020. India,which submitted its rec- tionalBankand`594crorefrom categoriesthefocusforitsspecial these represent the latest,cut- The bank continued to see ommendations to the DoTway IDBIBank,amongothers. editionofover200productsun- ting-edgetechnology,efficiency, the impact of the pandemic in back in August 2014, has also Valueformoney der ‘Big Billion Days Specials’. power, safety and so on,”says Q2,though the blowwas softer favoured a light licensing ap- While fashion overall as a cate- Harish Bijoor, brand guru and than in Q1.“While the previous proach and not auctioning this orderofday goryis expected to see nominal founder of Harish Bijoor Con- quarterlargelyborethebruntof spectrum.TheTrai had recom- The large appliances and growththisyear,expertssayfirst- sults.“This,in turn,elevates the thepandemic,someofthesoft- mendedthatbothEandVbands beautyandgeneralmerchandise timebuyersareexpectedtoshop brand value of a carmaker, nesscontinuedintothecurrent should be opened with ‘light categorieseachwitnessedanear inthesegmentbecauseofitslow pulling customers to show- quarter leading to lower retail touchregulation’andallotment 50%increaseinnewusersfrom pricing. “We have waived the rooms or,in these times,digital loanorigination,useofdebitand shouldbeona‘linktolinkbasis’. theregion.Snapdeal,too,reported shipment charges forthe first- purchases.”Som Kapoor,part- credit cards bycustomers,effi- It had said that E band carrier that 90% of customers time buyers to keep the entry ner,automotivesector,EYIndia, ciencyin collection efforts and should be charged at `10,000 whoshoppedonthefirstdayofits barrierslow,”saysArun Sirdesh- has a unique take on newmod- waivers of certain fees,”HDFC per annum per carrier of 250 salewerefromtierIIandIIItowns. mukh,business head,Amazon els.Hesaysmodelsthatprovidea Banksaid.Asaresult,fees/other MHz each and there should be E-tailerslikeMyntra,whichwere FashionIndia.Fortimelydeliver- holistic in-cabin experience are incomewere lowerbyapproxi- initial promotional discount of targeting the metro audiences iestothesmallertowns,e-com- doingwell.“Successful cars this mately `800 crore.“However, 50% for three years from the earlier,haveALSOincreasedtheir merce companies have also year have been those that are the loan and card momentum date of allocation of first carrier focus on tier II and III markets. ramped up theirinfrastructure feature-rich,thosethatofferalot has improved overthe previous in this band.In case of charging “WehavegotbrandslikeBataIn- andhavetiedupwithhyper-local offeaturesonthedashboard,”he quarter, thereby reducing the ofVbandcarriers,ithadsaidthat dia,LibertyandTribesIndiaon- playersfordeliveries.Thefeatto says.He argues that people are gap to less than half,”the bank it should be `1,000 perannum board,which connect well with reach these towns, however, is spendinganincreasingamount said. Core net interest margin percarrierof50MHzeach.Ithas these towns,”says Ayyapan Ra- not going to be easy.“It has be- of time in traffic,so a feature- (NIM) in Q2 fell to 4.1% from said that prices would be re- jagopal,headofbusiness,Myntra. comedifficulttoservicethesere- rich dashboard is becoming a 4.3%attheendofJune. viewed afterfiveyears based on Arecent report bySaaS plat- gionsduetocontainmentzones majorpurchase reason,instead Total advances as on Sep- deploymentandusage. form Unicommerce says con- and restricted movement.With of, let’s say, engine power and tember 30 were `10.38 lakh The argument against auc- sumershavebecomevalue-con- average order value coming size.In fact,so strong is the pull crore,up15.8%overSeptember tion is on the premise that scious and the average order down,thecostofdeliverywillin- of feature-rich new carmodels 30, 2019. Domestic advances there’s not much the govern- value on e-commerce in the crease,”saysKapilMakhija,CEO, inIndiathatthese,attimes,up- grewby15.4%y-o-y.Domestic mentisgoingtogetbydoingso, July-Septemberquarterdeclined Unicommerce.As per industry stagetheestablishedmodelsby retail loans grew by 5.3% and unlike access spectrum. The domesticwholesale loans grew value of a spectrum band de- by 26.5%. The domestic loan pends uponvarious factors like mix as perBasel 2 classification ecosystem but the most impor- between retail:wholesale was tant factor is its propagation 48:52. TotaldepositsasonSep- characteristics. The lower fre- tember 30 were `11.47 lakh quencyspectrum is morevalu- crore,an increase of 24% over ablecomparedtothehigherfre- March 31, 2019. Current ac- quencyastheradiowavesriding count savings account (CASA) on the former travels further, deposits grew 24% y-o-y,with therebyrequiringfewerbasesta- SA deposits at `3.1 lakh crore tions,which means less opera- and CA deposits at `1.74 lakh tionalcosts.ThevalueofEandV crore. Time deposits stood at band spectrum is low because Franklin Templeton Mutual Fund `6.63 lakh crore,an increase of theyhaveverypoorpropagation 24.6% over the previous year. characteristics as they fall be- Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013 Dividend in the Schemes of Franklin Templeton Mutual Fund The Trustees of Franklin Templeton Mutual Fund have decided to distribute the following Schemes/Plans/Options: Name of the Schemes / Plans Face Value Amount of Dividend NAV per Unit as on per Unit (R) per Unit(R# ) October 15, 2020 (E) Franklin India Fixed Maturity Plans - Series 2 - Plan C (1205 Days) (FIFMP-2-C) FIFMP-2-C - Quarterly Dividend 10.00 0.18 10.3537 Franklin India Fixed Maturity Plans - Series 4 - Plan B (1098 days) (FIFMP-4-B) FIFMP-4-B - Quarterly Dividend 10.00 0.195 10.4978 Franklin India Fixed Maturity Plans - Series 4 - Plan F (1286 days) (FIFMP-4-F) FIFMP-4-F - Dividend 10.00 0.890 11.4800 FIFMP-4-F – Dividend- Direct 11.4958 FIFMP-4-F - Quarterly Dividend 0.210 10.7805 FIFMP-4-F - Quarterly Dividend- Direct 10.8073 Franklin India Fixed Maturity Plans - Series 5 - Plan A (1273 days) (FIFMP-5-A) FIFMP-5-A- Dividend 10.00 0.920 11.4501 FIFMP-5-A- Dividend- Direct 11.5165 FIFMP-5-A- Quarterly Dividend 0.195 10.7101 FIFMP-5-A- Quarterly Dividend- Direct 10.7782 Franklin India Fixed Maturity Plans - Series 5 - Plan D (1238 days) (FIFMP-5-D) FIFMP-5-D - Quarterly Dividend 10.00 0.195 10.7098 Franklin India Fixed Maturity Plans - Series 5 - Plan E (1224 Days) (FIFMP-5-E) FIFMP-5-E – Quarterly Dividend 10.00 0.195 10.7141 FIFMP-5-E - Quarterly Dividend- Direct 10.7633 Franklin India Dynamic Asset Allocation Fund of Funds (FIDAAF) FIDAAF – Dividend Plan 10.00 0.75 27.6730 FIDAAF – Direct – Dividend Plan 30.7662 Franklin India Life Stage Fund of Funds (FILSF) FILSF - 20s Plan-Dividend Option 10.00 2.00 24.3393 FILSF - 20s Plan-Direct-Dividend Option 25.4679 FILSF - 30s Plan-Dividend Option 1.50 18.4009 FILSF - 30s Plan-Direct-Dividend Option 19.4783 FILSF - 40s Plan-Dividend Option 1.00 11.7744 FILSF - 40s Plan-Direct-Dividend Option 12.3399

The Record Date for the same will be October 23, 2020 (Friday). If in case the Record Date falls on a non-Business Day, the immediately following Business Day shall be the Record Date. All the Unitholders / Beneficial Owners of the dividend plan / option of the scheme whose names appear in the records of Registrar / Depositories as on the Record Date shall be entitled to receive dividend. The investors in the dividend re-investment plan/option will be allotted units for the dividend amount at the NAV of next Business Day after the Record Date.

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Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable)

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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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VOICES OF DISSENT Romila Thapar ON THE Penguin WordsWorth SHELF Random House Pp164, `499 SUNDAY, OCTOBER 18, 2020

People have disagreed since time immemorial. They have argued or agreed to disagree. But we live in times when any role of AI in coming years. Divided into form of dissent in India is marked three parts with four chapters each, the as anti-Indian. Thapar explores in second part discusses the notion of task this book that dissent has a long encroachment and the issue of techno- history in the subcontinent, even logical unemployment in detail. if its forms have evolved through Susskind starts with a the centuries. Keynesian metric of THE unemployment and THE BOOK then starts building KHALISTAN DISCUSSES upon it, while also CONSPIRACY THE DEVELOPMENT deconstructing the OF ECONOMIC Keynesianframework. GBS Sidhu THOUGHT AROUND The last chapter of the HarperCollins TECHNOLOGY'S second part focuses on Pp296, `599 EVOLUTION the issue of growing inequalityrelatedtotech- nological unemployment and the growing difference The author, a former special between the haves and have-nots.The secretary of India’s external thirdpartiswhereSusskindpresentshis intelligence agency, the ideas about the oncoming revolution, Research and Analysis Wing andtheimpactitwillhaveoneducation, (R&AW), examines a series of society and the state.He discusses the interconnected events that led roleofthebigstateorbigtechincontrol- to the rise of the Khalistan ling this revolution.And,expands on his movement, Operation Blue Star, ideas ofwhat a societywhere there is lit- the assassination of Indira tleworkwouldlooklike.Thequestion,he Gandhi and the anti-Sikh riots. says,is not about moneybut giving life a purpose.Aftertwocenturiesofdrudgery, CHINA’S capitalism has made us believe that this GOOD WAR struggle is what gives life a meaning.He isscepticalaboutuniversalbasicincome Rana Mitter butdoesnotsuggestanalternativetothe HarperCollins scheme.Thediscussionaboutthemeans Pp336, `699 to provide support to the masses is not part of the basic theme also.There are examples of the aristocracy to define idleness,andexamplesofthebuildingof civilisation, but there is no deliberation on whether everyone can be involved in Chinese leaders once tried to such form of idleness ornot. suppress memories of their The book is succinct and easy to nation’s brutal experience during World War II. Now they understand;Susskinddoesnottraphim- celebrate the“victory”. Mitter Afile photo of an attendee playing a game of Scrabble against a robot at the Consumer Electronics Show in LasVegas, Nevada, US BLOOMBERG self with over-explaining or under- argues that China’s reassessment emphasising concepts. But there are of the World War II years is biasesthatemerge,whichhemovespast central to its newfound and does not address.The cost of tech- confidence abroad and to nology and servicing is given little con- mounting nationalism at home. siderationsindecidingwhethertechnol- ogy will be adopted or not. While PREPARING A working hypothesis Susskind does give the example of car washes,where cheap labour displaced FOR DEATH mechanical carwashes, he ignores the Arun Shourie were not only limited to the impact on Marxistsandneo-Marxists)deliberating question of servicing the technology or Penguin Not everyone will work, but the larger impact technologi- abouttheimpactoftechnologyonwork, easeofadoption.Thebusiness'spending Random House calunemployment(atermcoinedmuch but that is what Daniel Susskind's work capacity also limits the Schumpeterian agree with Daniel later by John Maynard Keynes) would isalsoabout.Susskind,presentlyaFellow notion of creative destruction. In doing Pp528, `799 have on society. Marx sees a dichotomy ineconomicsatBalliolCollege,Oxford,in this,the argument on technology adop- Susskind’s vision of inthenatureofmachines,actingbothas hislatestbookAWorldWithoutWork,dis- tionbecomestoosimplistic.Self-driving the future, but it is thecauseofsuppressionoflabourandits cusses both the evolution of technology cars are becoming areality,but thatmay liberator.He says that asworkers are lib- and development of economic thought also mean the displacement of workers, The one certainty in life, the one surely something to erated of the drudgery of human life, around technology's evolution. not a replacement.An Uber driver may appointment which each of us will have to face, is the one for theywouldusetheirtimetopursuemore In the first half, Susskind sets the become obsolete in New York, but will deliberate about which we do the least to meaningful pursuits. premisedetailingtheevolutionofartifi- stillfindworkinsmallertownsandcities prepare: death. From the lives Keynes,writingnearlyacenturyafter cialintelligenceanditscomparisonfrom where the cost of living is lower. and last days of Buddha and ISHAAN GERA Marx, is more alarmist. However, he past industrial revolutions that trans- Similarly,considerations of cost are Gandhi to practices by which we reaches a similar conclusion.So,when formedthenatureofwork.Thefirstfour not paid heed to in the question of basic may tame our mind, Shourie AVID RICARDO DELIBER- France was deliberating a 28-hourwork A World Without chapters are dedicated to explaining the income. Even if one leaves aside the presents clues to ensure that we ATED about the impact of week—the proposal was rejected—Key- Work: Technology, role of technology and its impact on argument ofwho received the benefit,a face our end with equanimity. technologyonthenatureof nesians were smiling, as the famous Automation and work,development of AI and the fallacy larger force at play is the cost of goods. work much before Karl economisthadpredicteda15-hourwork How We Should of human thought.The author time and Will the government step in to keep the HONOUR Marx's writings. However, weekby2030.Whilewearestillfaraway again reiterates howwe have repeatedly cost down,and if it doeswill it mean theDfirst window of capitalism and the from a 15-hourwork week,a decade is a Respond underestimated AI, and the 'purists'are that the government will get into the AMONG SPIES use of technology come from Marx.In a long time. And, as Daniel Susskind Daniel Susskind proven wrong often. Terms like ALM business of production? Overall, Asad Durrani chapter in Grundrisse, titled "on remarks,theAIwinteris coming. Penguin Random House hypothesisandtaskorskill-basedviewof Susskind provides an easypreviewinto HarperCollins Machines", Marx details about the Icangoonwithmanymoreexamples joblossesarepresentedinthefourchap- the world of technology.You may not replacement of living labour with dead of economists with different leanings Pp 336, `999 ters to set the basis forSusskind's theory agreewith him,but he certainlylends a Pp224, `499 labour. His deliberations on technology (fromneo-classicalstoSchumpeterianto oftechnologicalunemploymentandthe different perspective.

Honour Among Spies is a fictional account of a spy who is sent out into the cold, but one Bodyovermind that reflects all too accurately the predicament of a more or less people because that is what distinguished officer fighting to An argument for technology can capture,but the experi- protect his reputation. Woven ences of the people in terms of the into the novel is a throwback to embodied experience qualityoffoodoreventhekind another famous incident---the raid on Osama bin Laden. and how our body uses of diners will never be known. If one is looking THE information effectively tohaveaquietromantic AUTHOR’S GANDHI IN THE night,the GPS cannot HYPOTHESIS IS GALLERY take us to the right THAT EMBODIED Sumathi MADAN SABNAVIS place as the crowd EXPERIENCE CANNOT could be coarse.There Ramaswamy BE SUBSTITUTED BY Roli Books HEN RENE DESCARTES isadifferencebetween LOGIC OR ON A said,"I think, therefore I knowledge of experi- CARTESIAN Pp224, `1,495 am",itwas implied that I ence and knowledge of PLANE Whave a mind and since I description. Google and can think I know I exist.This was the other applications do a good starting point of the concept of objec- jobofthelatterbutarenotableto Gandhi has been described as ‘an tivity,which has moved from putting capturetheformer. artist of non-violence,’ crafting as things together and then drawing con- Theauthorbelievesthatwhatourbod- he did a set of practices of the clusions.A clear distinction was made ies learn is different and cannot be repli- self and politics that earned him between mind and bodyandwe know cated by technology. Even for business the mantle of Mahatma. But is that we exist because we can think.An decisionsitisthehumanexperiencethat One of the features of embodied knowledge that the author has outlined is ‘practice’. This can be seen in how satyagraha also an aesthetic extension has been the tendency to hasanedge.Thereareexamplesgivenon Roger Federer plays his shots not by the book but body REUTERS regime, with practices akin to a work along the Cartesian line where how even the acquisition of a company work of art? Is he, then, an artist everything can be put on paper and cannot be based on pure numbers.Very Roberts argues that such a mode is not Theauthorbelievesthatitisprecisely of disobedience? Ramaswamy analysed.TheuseoftechnologyandAIis often one finds the balance sheet num- sustainable because while content is for this reason that even when we talk of explores these questions. a further sophistication where pro- berstobetherightfitandgoesaheadwith delivered quite efficiently, the interac- elections, most of the polls go wrong grammes can guide our actions. the exercise. It is only after the merger tion between children among them- because they work on objectivity. Just 100 There are severe limitations here, as takesplacethatthecompanyrealisesthat selves as well as with the teachers is an because the economy has failed, the IMMIGRANT author-cum-business anthropologist the cultures are very different and more embodied experience which cannot be expectationisthatthepartywillbevoted WOMENWHO Simon Roberts argues in his book,The importantlythedesignsandmindsetare substituted.More importantly,it is nec- out of power. Politicians are very often Power of Not Thinking. His hypothesis is ahurdle.Therefore,asarule,headvocates essaryforthe development of children. able to relate to the body more than the CHANGEDTHE that embodied experience cannot be that one should go beyond numbers Theoreticallytheauthorhasoutlined mindandhenceabletoinfluencethevot- WORLD substituted by logic or on a Cartesian whenevaluatingtherightfit. five features of embodied knowledge ing patterns.We have seen this in India Elena Favilli plane.Heplacesmorevalue on theintel- Roberts also advocates going through which cannot be contested. These are more than often where the results are HarperCollins ligence of the body to attain and use the grind to understand what the phe- observation(thelegendarySteveEisman quite contrary to expectations.The US information effectively and less on the nomenonis.Forexample,oftenonethinks wasabletoseethroughtheboominsub- elections or Brexit showed there is a big Pp224, `899 mind.That is why driverless cars,which that the solution to the problem of prime mortgage by just observing the difference between facts and feeling, Good Night Stories for Rebel are guided byAI,will never be a success. refugees is aid and it has been seen that action,behaviouranddressofWallStreet experts and the man on the street and Girls: 100 Immigrant Women When one drives a car the rules are thesethingsdonotreallywork.Onenever professionals), practice (howRogerFed- tradeandsovereignty.Thatiswhatmakes Who Changed the World is the known,butalmost byinstinctwe look at knowshowthereceivinggovernmentand ererplayshisshotsisnotbythebookbut it difficult to draw conclusions based on third book in the bestselling people and vehicles around and antici- administration behaves and often the The Power of bodyorthecaseofanindividualorenter- what we believe is logical, or rather the series. Packed with 100 stories pate certain actions and accordingly moneyislost.Hisimmersionprogrammes ing one's pin number), improvisation waythemindwouldlookatthings,asthe about the lives of female figures guidethevehicle.Thereisnoformulafor include staying in a refugee camp set up Not Thinking (drivingthroughtraffic), empathy(archi- bodysayssomethingdifferent.Themind from the past and the present, thesameandtechnologycannotcapture for this purpose to understand how life Simon Roberts tects should be mindful of the potential cannot always capture the unconscious this volume recognises women the myriad movements. canbeextremelydisturbing. residents being, say, physically chal- whichistrappedinthebody. who left their birth countries for Blink Publishing a multitude of reasons. Interestingly,the author tells us that Infact,inthesepandemictimeswhen Pp 328, `499 lenged) and retention (actors are able to even when we look to dine out, the GPS schoolclassesareconductedonline,chil- repeat their lines or policemen who Madan Sabnavis is chief systemcanleadtorestaurantswhichhave dren do have access to continuity.But instinctivelyreact to situations). economist,CARE Ratings All books available as e-books

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BACK INTIME The concept of picking players and running a contest based on their year-to-date stats has been around since shortly after WorldWar II. One of the earliest published accounts of fantasy Leisure sports involved Oakland businessmanWilfredWinkenbach. He devised fantasy golf in the later part of the 1950s SUNDAY, OCTOBER 18, 2020

Fantasy gully The world of fantasy sports has seen a major boom in the country amid the pandemic.By leveraging 5G,artificial intelligence and virtual reality,the market is poised to become the next big thing

SHRIYAROY POWER PLAY suchasDream11,MobilePremierLeague (MPL)andMyTeam11leveragingitspop- ECENTLY, GOOGLE TOOK ularity.Dream11,infact,isthetitlespon- ● Paytm down from the Play Indian fantasy sports market sor for the ongoing IPL,while MPL is the Store, saying the payment gross revenue stood at `2,400 cr primary sponsor for two of the biggest in FY20 compared to `920 cr in app had violated its gam- teams in the league-Kolkata Knight Rid- FY19, as per a Federation of Indian bling policies. This was Fantasy Sports-KPMG report ers and Royal Challengers Bangalore. afterR Paytm announced the fantasy Additionally,Dream 11 has raised about 'Paytm Cricket League'in which users $225 million in funds, while MPL has ● Worth of the Indian fantasy could win cash rewards based on the managed to raise $90 million in its new sports industry expected to be actual performance of cricketers in the $3.7 billion by 2024 financinground. ongoing Indian Premier League (IPL). Gupta says IPL is the biggest event in The app was restored only after it ● termsofuserengagementwithinthefan- removed the cashback component. More than 50% of online tasy sports genre,with over 30-40% of fantasy sports traffic comes from Paytm's launch of its fantasy league the year's metrics coming from the two tier II and III cities in the country, onlypoints to the burgeoning interest in as per a report by Indian months of the tournament. "IPL has the sector in the country.As per a recent Federation of Sports Gaming become a great vehicle to increase reach report by KPMG,the online gaming sec- fortheplatform.WiththeongoingIPL,we tor has seen a major boom both in terms are targeting to cross the milestone of ● Around 70% users from smaller ofusageandengagementinthelastthree 100millionusers.Intermsofrevenue,we cities engage with various online years,and fantasysports has emerged as fantasy sports operators more are expecting our monthly number to the next big arena of competition fortop than four times a week increase10times,"hesays. telecomoperatorsafterOTTplatforms. Sopopularisfantasysportsbecoming Top operators like Reliance Jio and inthecountrythateveniconicsportsper- Bharti Airtel are, in fact, keen on focus- sons such as Sachin Tendulkar, Sourav ing on gaming to monetise their sub- (Above, from left) Fantasy league platforms such as Paytm First Games, GangulyandViratKohliareendorsingit. scriberbase.Withtheadventof5Gtech- My11Circle, which is endorsed by Shane Watson and Sourav Ganguly; WithTendulkaronboardasthebrandface nology, these network operators are and Dream11 are seeing great traction for Paytm First Games, Gupta says they aiming to become vital players in the hopetocreatemoreawarenessaboutthe sports and e-sports market.They hope genre. My11Circle's Kanungo, too, says that over time,with better broadband can be seen in the Google-Paytm ambit of gambling and is, hence, thatGanguly'sassociationwiththebrand speeds and by leveraging artificial and episode.The Federation of Indian Fan- restrictedbystategamblinglaws. hasbeenkeytotheirinitialsuccess. virtual reality, 5G will allow them to tasySports(FIFS),aself-regulatorybody Despitethat,however,theIndianfan- What has perhaps aided these plat- focus on high bandwidth-consuming to protect consumer interest, works to tasysportsmarkethasshownphenome- forms'growth and popularity is the fact cloud games.They are planning to rely ascertain that operators do not engage nalgrowth,withgrossrevenuesat`2,400 thatnospectatorsareallowedinsidesta- heavilyonindustrypartnershipstocap- inanyillegalactivityontheseplatforms crore in FY20 compared to `920 crore in diums currently. "Within the first two italise on their 5G investments and Fantasy sports gives andthatfantasysportsremainsmajorly FY19,according to a recent FIFS-KPMG We have grown our daysoftheIPL,wewitnessedheightened that'swherethefantasyleagueswillgain a'matter of skill'and not a'matter of report.The worth of the Indian fantasy player base steadily user interest,with close to one million majortraction,sayexperts. people the chance to be chance'.For this, the FIFS keeps a check sportsindustryisexpectedtobe$3.7bil- usersloggingintoplay,"saysGupta. OnesuchleagueisMy11Circle,which on members' activities by carrying out lion by 2024.The country has also wit- ❝and, within a year, we The excitement is tangible, asserts ❝more involved in the is witnessing great growth. "We have auditing everynowand then. nessed a 700% increase in the past are at a five million-plus Abhishek Madhavan, senior vice-presi- grownourplayerbasesteadilyand,within action and the sector While there are various court rulings decade in the number of fantasy sports dent,growth and marketing,MPL."Fan- a year,we are at a five million-plus user benefits from that in favourof fantasysports,there are oth- operators and a 2500% increase in the user base tasy sports gives people the chance to be base," says Avik Das Kanungo, director, erswhichhaveraiseddoubts.WhilePun- numberoffantasysportsplayers. — AVIK DAS KANUNGO more involved in the action and the sec- brand and marketing strategy, — ABHISHEK MADHAVAN jab and Haryana high courts have called Interestingly, a report by the Indian Director, brand & marketing torbenefitsfromthat,"hesays. Games24x7,whichownsMy11Circle. Senior vice-president, growth & online fantasy games as"games of skill", Federation of Sports Gaming (IFSG)- strategy, Games24x7, which India has a huge untapped pool of For fantasy league platform Paytm marketing, Mobile Premier League Kerala High Court in January ruled that India's self-regulatory industry body for owns My11Circle sports lovers who can help these plat- First Games, it's majorly cricket that "gamesofskillsplayedforstakesamount the online fantasysports gaming sector- formsbecomethenextbigthing.Thefan- brings in the moolah."Fantasy sports tooffenceofgambling". suggests that more than 50% of online tasy league platforms, too, are working gains traction from cricket,which auto- country,"says Sudhanshu Gupta, COO, Needlesstosay,thelegalityoffantasy fantasy sports traffic comes from tier II operatorsmorethanfourtimesaweek. closelywith telecom companies to offer maticallyexpands the potential market Paytm First Games. sports in India is dependent on whether andIIIcitiesinthecountry.Notjustthat, Asfarasthegameisconcerned,Indian bestdatapackagestousers.Timewilltell for the game to over 200 million view- The boom,however,comes with its the game qualifies as a game of skill or almost 70% of users from smaller cities PremierLeague (IPL) continues to be the how successful they are in the long run, ers-the largest for any game in the own set of legalities and challenges, as gameofchance.Thelatterfallsunderthe engagewithvariousonlinefantasysports mostloved,withmanyfantasyplatforms butfornow,thegameison.

THOSE the brand,that is) is in the repeated and in one of those fancy Italian machines.I For the love of coffee FANCY ITALIAN constantsalesofcoffeecapsules.Andthese hadoneofthose,too,butitislikeparkinga capsulesaren'texactlycheap. small sports car on your kitchen counter. COFFEE-MAKING Coffeeza,while certainly not here for Everything about those machines is MACHINES SURE There’s something to be said about the convenience of those nifty machines, charity,has been smart about its capsule impractical—the price,of course,but also HAVE GREATCHARM, pricing,coming in at `550 fora set of 10. thegrinderyouneedtoinvestin,thevari- which spew out coffee and don’t leave any residue that needs special cleaning BUTTHEYARE Now,`55foratwo-secondshotofespresso ouscoffeesbeansyouwillneedtobuyand EXTREMELY might seem excessive,but to me,it does keephermeticallysealed,thecleanupafter ButImissedmyespressoshot,thekind IMPRACTICAL two things—I get to enjoy absolutely eachcup,theroutinemachinecleanup...it BETWEEN that is steaming hot and creamysmooth, exquisite coffee at home at a fraction of goes on. Sure, there is an unparalleled texturedandflavoured,bitterwithabite.I what it would cost me in a fancy hipster charmtothem—likepolishingyourshoes SIPS never shy away from the convenience of shop(Coffeeza'snativecapsulespacksome orrepairingavintagecycle—butit'sfunas Magandeep Singh havingoneofthoseniftymachines,which greatItalianblends)and,secondly,thecost long as it doesn't eat intoyourproductive spew out coffee on command and don't ensuresIcannever(affordto)getaddicted hours.I would love to have one of those leaveanyresiduethatneedsspecialclean- toit!Theseespressosremainaonce-a-day machines again,if onlyto showthem off, SO THIS IS THE SECOND in my series on ing.Andthat'swhentheCoffeezamachine treatratherthananall-daymug-filler. butIknowthatwhenIneedtopullmyself coffee and I think Iwill take a break from turnedupatmydoorstep. So, should you get one of these aquickcuppa,I'llinstinctivelyreachoutfor thebrewafterthisbecauseIriskbecoming Now,IdohaveaNespressoanditworks machines? By all means. I haven't tried aCoffeezacapsule. one of those people who are utterly inca- fine,butitisveryfinickywhenitcomesto other local brands,so can't comment on That said, next time, I may try and pableofsocialproprietybeforetheirmorn- achangeofcapsules.Itwillstandnoother them. Nespresso is great if you have an exploretea,kombuchaorsomeotherbev- ing drip has been intravenouslyfed.But I and even Davidoff coffee capsules ended endless supply of foreign-returning erage.Andifperchancebythen,allthiscof- mustsaythatthelastmonthhasbeenpar- upnotsittingright.Coffeeza'sFinero,avery unclesandcousinswhocanbringthecap- feetryinghasworkeditselfintoacaffeine- ticularly—ugh, I hate to use the word— similardevice,islessfinickyanddefinitely sules for you, else they are frightfully dependency,adirtyhabitthatIamthenin immersive,withcoffeeinallitsforms.Last gets myvote on that front.It has its own expensivehere.Inwhichcase,thisoption, theprocessoftryingtokick,youwillknow time,Ihadspokenaboutanewblendthat capsules,buthappilyfeedsoffotherbrands Coffeeza,workswell. because I will sound unreasonably snide Starbucks launched virtually and an too.Aquicksidenote:withcapsulecoffees, Now,to be the perennial complainer andtemperamentalhere.Ifso,pleasebear instant coffee that has,since lockdown, it's never about the cost of the machine. that I am,these are still not in the same withme,likeyouhavealltheseyears. becomeallthe"Rage",punintended. That's a one-time hit.The real money(for leagueasafreshly-groundespressomade The writeris a sommelier

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STORIESANDTREN DSFROMINDIAAN DAROUNDTHEWOR LDTHATCAUGHTO URFANCY

REUTERS TECH-NOW-LOGY A starry problem

From Cristiano Ronaldo to Shah Rukh Khan,searching news about some celebrities online can put your data into the hands of cyber criminals

SHRIYAROY McAfee researched famous individ- uals to reveal which celebrities gen- T’S A COMMON phenomenon erate the most “dangerous” results, today to do a quick search online whose search results bring poten- for news about a celebrity.When tially malicious content, exposing a Iwe want to know the latest news user’spersonalsensitiveinformation about them,we don't hesitate before and data.Ronaldo is stronglyassoci- typing their name in the search box ated with malicious search terms andhittingenter.Butwhatmanypeo- becausehisfansareconstantlyseek- ple don't know is that such a search ing information and news about his canputauser'sdataatrisk. life, as well as searching for news on ResearchbyAmericanglobalcom- his latest football deals. In addition puter security software company to that, many users are also stream- McAfeehasidentifiedthetop10pop- ing live football matches through ular celebrities generating the riski- illegal streaming platforms to avoid est search results online due to the paying subscription fees. If such a various malicious sites and viruses user clicks on a malicious link, their linkedtotheirnames.Globalfootball device could suddenly become sensation Cristiano Ronaldo has plaguedwithadwareormalwareand High-tech fashion topped McAfee’s Most Dangerous theirdatawill be at potential risk for Celebritylistfor2020inIndia.Other hackers to take control of. celebrities on the list include Shah Searchingforwhatmayseemtobe Blurring the lines between the physical and virtual worlds, high RukhKhan,AnushkaSharma,SaraAli freecontentcanleadyouinadeeppit Khan,SonakshiSinha,TaapseePannu of scam. Some of the most common fashion has gone beyond storytelling and aspiration today andArijit Singh. risks include identity theft,banking, In 2020, as a result of the credit card and online shopping lockdown, people have frauds, installation of skim- VAISHALI DAR become increasingly blurred, the world.RazorbrandVenus,forexample, been particularly very ming malware, tracking scopeoffashionbecomesbigger.Cas- introduced new'skin-clusive'designs. active online,increas- THIS and monitoring soft- HE PANDEMIC HAS not sandraNapoli,digitalmediaandmar- As gaming gains popularity,we’re also ing their usage YEAR, PEOPLE ware, installation of only changed everyone's keting strategist, WGSN, a global seeing more brands launch branded across many HAVE BEEN ransomware, trojans fashion sense, it has also authority on consumer and design playgroundsoftheirown.Burberry,for devices. From free PARTICULARLY andviruses. shifted the focus from trends,says,“Like many other trends, example, has been busy launching movies and TV ACTIVE ONLINE, WITH McAfee had physicalgarmentstostory- the pandemic accelerated the shift to mobile games for its customers to shows to the latest MANYTURNING TO released a list of celeb Ttelling and digital aspiration.Brands virtual worlds. As the lockdown engage with,extending the Burberry celebrity news and THE WEB TO names in 2019 as well todayare engaging consumers onvir- stripped people of social experiences, universe to new digital and gamified gossip, consumers ENTERTAIN whowereconsideredto tual platforms by creating games or gamingplatformswererecognisedas realms,”sharesNapoli. have been turning to THEMSELVES betheriskiest.Thenames avatars,andareseeingnewcollections a new type of social network for the In 2019, Louis Vuitton released a the digital to entertain includedSachinTendulkar, and new economies emerging from masses, becoming spaces to meet retro-stylevideogamecalledEndless themselves. Hackers have MS Dhoni, PV Sindhu and these spaces. For instance, Gucci is people and socialise. In 2020, games Runner,which was inspired byVirgil grasped this opportunity with RadhikaApte,amongothers. designing virtual clothes, shoes and have allowed humans to safely be the Abloh's Autumn Winter 2019 show bothhandsandhavehonedinonthe Whileitisalmostimpossibletobe accessories that exist in the digital inherently social creatures they are. for the brand. The visuals for the trend,followingconsumerbehaviour completelysecure from anymalware realm. Media reports say Gucci will It's here that serendipity, adventure, gamewere inspired by1980s graph- to execute their scam strategies. or risks, users can definitely be cau- launch a platform to let users design socialisation and discovery co-exist ics and revisited the New York These search results very often trig- tious on their part.While looking for virtualsneakersandthenputthemon alongside creativity and in-game streetscape set that was built as part ger consumers to unknowingly information on their favourite their feet using augmented reality. commerce.As the lockdown hit and ofAbloh's vision for the show. install malware on theirdevices. celebrities,they should be extremely “The virtual world is creating its own users flocked to these spaces, so did Heritage has become a strong nar- “Cyber criminals use con- cautious and click only on reliable economy,”saidCMORobertTriefusin many entertainers and brands. Plat- rativeforstorytellingbyChristianDior sumers’ fascination with the links for downloads.The safest thing a report published in Fast Company. forms played host to a new kind of too.Gucci has taken arts and architec- celebrity culture to drive to do, of course, is wait for official “Virtual items have value because of concert with American rapper Travis turebeyondtheboundariesoffashion, unsuspecting fans to mali- releases on official platforms instead their own scarcity,and as they can be Scott performing in Fortnite,and a withpartnershipandcollaborativeart cious websites that install ofvisitingthird-partywebsites. soldandshared.” new type of shopping experience as projects.In 2016,the Italian fashion malware on their devices, Furthermore, when it comes to This is not,however,the first time well,with designerSandyLiang host- house partnered with four artists to potentially putting personal online streaming, using illegal thataluxuryfashionlabelhasentered ing a pop-up shop inside the game createvirtual and real spaces that best informationandlog-indetails streamingsitescouldwreakhavocon the fast-emerging space. In 2018, Animal Crossing. Months later,we’re captureandreflectGucci’shistoryand in the wrong hands,” said the device. Many illegal Hermès launched 'H-pitchhh', a still seeing investment in these plat- new direction under creative director BakerNanduru,thevice-pres- streamingsitesareriddledwithmal- mobile gaming app inspired by its forms,provingthisavenueofmarket- AlessandroMichele. ident of McAfee’s consumer ware disguised as video files and equestrianheritage,aspartofitsyear- ing isn’t going anywhere.” Ready-to-wear brand Genes endpoint segment. “Con- streaming links. One must avoid long celebration around the topic of This year, gaming gained mass Lecoanet Hemant,the modern alter- sumersaresearchingtheweb these to protect their data and sys- ‘play’.EstéeLauder,too,launchedfour appeal with 3.4 billion global users, native to contemporary dressing, for free online entertain- tem. Another important thing to videogamestopromoteitsmostpop- according to data from WARC's recently launched a new collection, ment now more than ever, remember is to have a well-estab- ular skincare products. The brand (WGSN's sister brand) Advertising carrying timeless details inspired by and as cybercriminals lished security setup in the device introducedANRcade,a microsite fea- OpportunitiesinGamingReport.“Gam- its inimitable couture heritage."The continue to implement that is being used. turing web-based video games that ing is courting more women and collection carries the essence of time deceptive practices such As people slowly turn into promote the brand’s advanced night moms, too, now and attracting both and presents the wearerwith a lan- as fake sites claiming to digital natives and continue to spend repair synchronised multi-recovery young and mature audiences—there's guage of expression that transcends offer free content, it is more and more time complex.What’s interesting is that truly something for everyone. We’re fashionandembracespersonalstyle," crucial that fans stay online, they will continue to remain countries could customise the games seeing avatar ranges evolving into the saysHemantSagarofGenesLecoanet vigilant about pro- targets for cyber criminals. The to offer free samples or incentives, beautyspacetoo.Followingtheleadof Hemant, whose collection is about tecting their digital onlyway out is to be better equipped therefore giving the brand a way to early adopting brands such as MAC, reinventedclassicsinblackandwhite, lives and think twice with all the necessary information supportvarious merchants. beauty is emerging as the next indus- crafted consciously with love and before clicking.” because it is always better to be As the physical and virtual worlds trysettingouttodominatethegaming purposeful design. For the study, safethansorry. BLOOMBERG

GOURMETNATION

As soon as the or bhakri.Popularstreet food locations Delhi include FoodTruck Park,Municipal lockdown eased,the Withplentyofstreetfoodoptions,Delhimissedbingeingthemost.Themostpopu- Market,BhatiyarGali,Manek Chowk, larstreetfoodshereincludemomos,chowmein,golgappa,chaap,ramladdoo,choley LawGarden,HLCollege Road,among first thing many bhature,kebabs,paranthas,matarkulcha,honeychillypotatoes,etc.Delhi'stopstreet others.The report suggests that ever people did was order in foodlocationsareChandniChowk,RajouriGarden,KarolBagh,SadarBazaar,among since the food deliverysectorpicked up others.However,thelockdowncompletelyshutfoodandotherbusinessesatthese afterthe pandemic,Gandhinagarand their favourite dishes. locations.Butthereportsuggeststhatthingshavenownearlyrecovered,with95% westAhmedabad have seen the best pre-Covidlevelsoffooddeliverysectorbusiness.AffluentareassuchassouthDelhi, recoveryin the past six months.North So much so that the centralDelhi’sConnaughtPlace,Gurugram’sDLFPhaseIandVcontributedlargely Indian cuisine and pizzas have food delivery sector tothegrowth.NorthIndiancuisineandpizzasremainedthetopfavourites. remained popularhere too. has recovered to (and Chennai Hyderabad Chandigarh ForChennai,filtercoffee,mulli- Hyderabadibiryaniimmediately Chandigarh loves to binge on chaats, even grown beyond) gatawnysoup,masala dosai, comestomindwhenonehearsof dahi bhalla,choley bhature,paneer biryani,Mysore pak, nethili fry,sun- thecity.SindhiColony,Madina tikka,kulfi,frankies,rolls,momos, pre-Covid levels in dal,murukku sandwich,parotta, (nearCharminar)andPragatiGully Amritsari kulchas and more.The best large pockets of the uttapam,paniyaram,idli sambhar, arethebestplacestotrythehistoric places to find these include Garg idiyappam are the top favourites dish.Hyderabadihaleem,phirni,boti Chaat-Sector 23,Dil Desi,NewVaishno country’s affluent and theycan be easilyfound at kebab,qubanikameetha,mirchika Dhaba,The Indian Coffee House, GeorgeTown,Mount Road,Burma salan,lukhmi,chaats,keemasamosa, Amritsari Kulcha Hub,Burger residential areas,as per Bazaar,Anna Nagar,Besant Nagar, nihari,Andhradosaarethemost Point–Sector 32,Khalsa Dhaba,Babaji Zomato’s Food Delivery East Mada Road,Marina Beach, preferreddishes.Someprominent ke Parathe,etc.The report suggests Monteith Road andVeperyRoad. jointsincludeGokulChaat, that north Indian cuisine was the most India–Mid Covid Apart from the usual south Indian MaharajaChaat,Govind’sBandi, ordered along with pizzas. cuisine,one can find a good num- Ohri’sChowpatti,GoldenPointTea Report 2,published in berof north Indian and Gujarati &Snacks,MomosPoint, Jaipur September.Here we food options in Chennai too. LakshmankiBandi,etc. North Indian cuisine and pizzas remained the top ordered dishes in reveal which city’s food Jaipur,according to the report.How- Mumbai while food joints at Vile Parle, Kolkata Kolkataresidentsareincreasinglyorder- ever,the favourite street foods of lovers ordered what as Maharashtrian cuisine includes a Lokhandwala,Churchgate,Jogeshwari TheBengaliculinarytraditionisheavily ingonlinenow.NorthandsouthKolkata, Jaipur include pyaaz kachori,mutton the lockdown eased. melange of mild and spicy dishes.The are the favourites.As reservations rootedinlocalflavours.Macherjhol, alongwithHowrah,havebeenwitness- tikka,rabri ghevar,daal bati with a dol- coastal city thrives on seafood and against street food intensified,online koshamangsho,luchi,alurtorkari,shukto, ingordergrowthandhavesurpassedthe lop of ghee,kheer and sangria,gatte ki By Reya Mehrotra local dishes like dry Bombay duck orders for north Indian cuisines and cholardal,chomchom,momos,ghugni volumebeforeCovid-19. sabzi,churma,missi roti,moong thal, curry,keema pav,bheja fry,anda bhurji, pizzas grew.Like Delhi,Mumbai,too, chaat,jhalmuri,kathirolls,etc,arethetop gajak.Traditional Rajasthani cuisine etc.It is even more famous for its street has reached 95% of pre-Covid levels of favourites,whileplaceslikeGariahat Ahmedabad can be had in Jaipur at Chokhi Dhani, food.Mumbai’s favourite street food food delivery business.Central Mum- Road,ParkStreet,Bhawanipore,Arsalan, Gujarat’swholesome cuisine is a treat Shri Thaal Village,Spice Court,Rawat has been pav bhaji,batata vada,vada bai and Thane have exceeded pre- DacreStreet,JawaharlalNehruRoad forone and all,be it khakhra,dhokla, Mishthan Bhandar,Gulab Ji Chaiwala, pav,missal pav,bhel puri and more, Covid business. servethebeststreetfood.Thereportsays dhabeli,dalvada,momos,bhajia,sevpuri Masala Chowk,Pandit’s,Al Bake,etc.

Pune FE SUNDAY7 WWW.FINANCIALEXPRESS.COM

WORD ORIGIN The word ‘hotel’ is derived from the French hôtel (coming from the same origin as ‘hospital’), which referred to a French version of a building seeing frequent visitors, and providing care, rather than a place offering accommodation

SpotlightSUNDAY, OCTOBER 18, 2020 «

Spraying inside guest rooms after each visit to ensure complete sanitation

«

The personal touch remains masked behind tech

and hygiene

protocols «

Sanitiser, temperature check and automatic doors allowing contactless entry

«

Disposable mats, THE NEW RULES OF enveloped cutlery, QR codes for menu, partitions part of the new dining experience « Tables in banquet halls hospitality are placed adequately apart and table of It starts at the door,which open auto- eight becomes As hotels reopen across matically.Guestswillencounterwelcome table for four deskswithglassshieldsandplacardswith the country,we check QRcodestohelpcheck-indigitally.Aaro- out how things have gya Setu app and a health declaration form is a must foreveryperson checking changed in a sector in.Guests are encouraged to carry their own luggage while heavy pieces are that relies heavily transported in a trolley.All pieces of bag- on a personalised gagearrivinginsidearesanitisedfirst. A tour of the rooms reveals house- experience and keeping personnel in a PPE kit spraying the roomwith cleansers,afterwhich the how the industry is entire room is given heat treatment and adapting to offer restedforaminimumperiodof24hours before a newguest checks in.The house- the same services, keepingstaffisseparate foreach floorto avoid anycross-contamination. but without a All linen in the rooms is freshly « washedandtumbledried.Contentsinthe andwehaveadaptedtoitwhileensuring “We have effectively implemented ‘personal touch’ minibar,including crockery and cutlery, that we continue to delight our guests augmentedhygieneandsafetymeasures arenotwaitingandaremadeavailableon No shared with delicious flavours.” in our hotel in accordance with guide- request.There is no newspaper delivery; condiments and lines set by the World Health Organiza- IVINDER GILL what you have instead is a small placard separate tion (WHO),ministry of health & family onthedeskwithaQRcodethattakesyou portions for a Socially-distanced welfare, Food Safety and Standards HE DIFFERENCE BETWEEN a toanappwitharangeofnewspapersand casual coffee events,wedding Authority of India (FSSAI) and the Gov- pre-Covid world and a post- magazines.TVremotes are sanitised and ernment of India. From regular health one is felt right aswe drive in protective covering. Bathrobes are With thewedding seasonupon us,hotel check-ups of all associates, including

into the Taj Mahal Hotel in missingandavailableonlyonrequest.For banquet halls are gearing up for the vendors, to an enhanced role of our T « the centre of New Delhi. in-roomdining,expectthefoodtobeleft busy months and their most lucrative microbiologist who tests random sam- There is novalet opening the cardoor atthedoorandnotlaidoutelaboratelyby revenue source.While the government ples across the hotel and daily audit and with a flourish towhisk awaythevehicle the staff inside the room.After eating, Reduced staff, has a cap on guests allowed,the other analysis of on-ground adherence to the forus;insteadwearedirectedtoanavail- leavethetrayoutsidetobepickedup. gloved & masked safety protocols remain a hotel’s new normal processes, there have been able spot and asked to park it ourselves. chefs, increased responsibility. F&B assistant director multipleprocessessetinplace,”saysgen- Valet parking becomes‘guided parking’. hygiene in Manpreet Chabba shows us how on eral managerKrishnan. Wearewelcomedbythestaffasusual, A cookie not the kitchen arrival everyguest has to fill up a health andrequestedtoundergotheubiquitous to be shared form which will help in contact tracing temperature check and sanitiser spray. in case of anyoutbreak.Everyone gets a A hopeful future

The doors revolve automatically, allow- Withmanyvisitorswalkinginandoutof health kit with mask,sanitiser,etc.A As we move into the coming days and ing a contactless entry. a hotel all day for business meets and « lookinsidethehall reveals tablesplaced people become not only more aware of Thestaffinsideareallsportingmasks social catch-ups, the lounge and coffee adequately apart, with each table of the necessities of precautions, but also and face shields even as we are assured shoparesomeofthebusiestareas.Wesee Buffets replaced eight now hosting only four. Chabba accepting of the new normal,things are that the air circulating inside is from tables with placards“table not in use”to with set menus, tells us that buffets are being discour- bound to improve on the travel front, state-of-the-art filters that eliminate all maintainsocialdistancingatthishotel’s special trays for aged but if guests insist on one,it is both forbusiness and leisure. kinds of microorganisms.We can’t help coffee shop, Emperor’s Lounge.As soon banquet guests served by the hotel staff standing Rohit Khosla, executive vice-presi- recall how last winter in Delhi was all as a table isvacated,we see a staff mem- behind the counters.Subtle barriers are dent, operations, north & west India, about pollution-free air, with hotel ber immediately spray all surfaces and set up to ensure smooth flow of guests IHCL,the parent company of Taj Hotels, chains competing on‘best airquality’. furniture to ensure sanitation. Every forbreakfast.Setmealsareofferedinstead changed and hands washed every half and prevent overcrowding.The hotel certainly is optimistic.“With the recent Coincidentally,astheTajMahalHotel table in use has a QRcode that takesyou on the tables,which prevents overcrowd- hour.Work stations and all surfaces are has also come up with its own version phase-wise unlocking across the coun- was under renovation when the pan- to the menu. A new menu has been ingaswellascross-contamination. cleaned everyhalf hourtoo. of bento boxes,which is essentially a try,business is showing gradual signs of demicstruck,itwaseasiertoincorporate designed for the coffee shop, which Thestaffisinmasksandfaceshields.No Crockery is air dried and brought in trayof small bowls onwhich individual improvement. While we are seeing a new measures meeting current encompasses several regional delicacies chairsarepulledout;weseatourselvesand only as per demand and not left lying portions can be put and a trayserved to healthy pick up in leisure travel, corpo- demands, and which are likely to be the and allows visitors to have a whole meal pourourownwaterinaglassthatappears aroundtocatchgerms.Allfreshproduce each guest instead of guests lining up rate travel is still limited.As restrictions newnormal forseveralyears to come. thereitselfwithouthavingtoshifttoone only afterwe are seated.Glass partitions coming into the kitchen is washed with for food. ease and traveller confidence increases, As Satyajeet Krishnan, area director oftherestaurants.Thecutleryisencased separateourpartyofthree,ensuringsafety prescribedstrengthofchlorinecleansers, we remain cautiously optimistic about (north) and general manager,Taj Mahal, in an envelope. There are no shared and distancing.The cutlery comes in an at 100 parts permillion. travelshowingsomelevelsofstabilityby NewDelhi,says,“Theseareextraordinary condiments or even boxes of sugar envelopeandwearealsogivenanenvelope ExecutivechefArunSundararajcom- The backend churn theyear-end,”he says. timesthatcallforresilience,agility,plan- sachets.Eachrequirementisservedsep- to store ourmaskswhilewe eat.However, mentsontheironyofprovidinganexpe- While all these changes might seem cos- As forthe lull in revenues during lock- ning and monitoring various aspects of arately,including salt and pepper.Every there is no compromise in the service and rience of taste, aroma and texture to meticforguests,thepandemichasmeant downandadditionalcostsimposedbythe our business.We have been innovative persongetsaseparateplateofcookiesto theactualmealisanexperiencethattakes guests while working in a clinical, sani- an entire paradigm change for the hotel new SOPs, Khosla says,“Whilst the new and have synergised our learning and gowiththecoffee.Asocialmeetcomplete youbacktoamorecarefreetime. tised environment:“To me,one of the managementandstaff. Thebiggestchal- standards will have an additional impact effortsthroughtheunprecedentedchal- with social distancing! most important considerations about lenge has been the training of staff and oncosts,itisabsolutelynecessarytodeliver lenges caused bythe pandemic.” preparing food is that it is both a science sensitisation toward the new demands these experiences that our guests expect Kitchen with new recipe and an act of love and care.I believe that created by the pandemic.Standard oper- from a trusted brand like us.At IHCL,we New taste of dining Even as guests enjoy their food in the if one has the science perfected and has atingprocedureswereformulatedincon- have always had the most stringent A contactless stay As we walk into the 24-hour restaurant restaurant, a peep into the kitchen is a the passion forcreating food,onewill be sultationwithvariousagenciesandshared hygiene protocols. In order to reassure For guests checking in, technology is ofthehotel,Machan,wenoticethatnone realisation of how much tedious work able to deliver culinary delight on the withthestaffpan-India.Theinstructions guests and give them greaterconfidence, more at service than humans.Taj hotels ofthetablesarelaidwiththeusualspot- goes into ensuring a safe experience for plate and palate each time.” werepassedonthroughvideosandslides. our commitment of heightened levels of acrossthecountryhaveadoptedaspecial less while linen, sparkling glasses, shin- visitors. Sous chef Aman Khanna shows He adds,“In the prevailing circum- Aarogya Setu is mandatory for each staff safetyhasonlybeenre-strengthened.” software,I-Zest,which facilitates con- ing crockery and cutlery.What we see ushowdespitethepressureofrunninga stances,we have enhanced our already member,asisaCovidtestevery15days. He adds,“Recovery to pre-Covid lev- tactless and digital services right from instead are disposable placemats,coast- hectic service at meal times,the kitchen stringent safety, hygiene and food han- Twofloorsofthehotelhavebeended- elscouldbeanother12-18monthsfrom whenaguestchecksintopayingthebills ers, napkins, individual water bottles, a manages with reduced staff to ensure dlingprotocolsatvariousstagesstarting icated to housing the staff that cannot here.This, however, hinges on how the and checking out. From lift buttons, placardwith QRcode forthe menu.And, social distancing. Everyone is in masks, from procurement to the preparation of commute daily. It is taken care that no pandemic behaves in the next few opening room doors to placing orders ofcourse,tableswithplacardssaying‘not face shields, head gear and gloves. Only food. My entire team has undergone staffmemberusespublictransport.Also, months.”For the present,the industry is and payments, everything is possible in use’forsocial distancing. those managing the hot plates have extensive training to reinforce the staff members over 50 years of age have opening its doors with the new rules in without the need foranycontact. Buffetshavebeendoneawaywith,even uncovered hands. Moreover, gloves are processes.Thisispartofourdailylifenow beenworking from home. playand hoping fora quick revival.

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GROUPTOURS The first organised tours date back to Thomas Cook who, on July 5, 1841, chartered a train to take a group of temperance campaigners from Leicester to a rally in Footloose Loughborough, 11 miles away. By 1872, he was undertaking worldwide tours, albeit with small groups SUNDAY, OCTOBER 18, 2020

SARAH FIRSHEIN The Ocean Club,A Four Seasons Resort, in the Bahamas, are fielding a steady EVEN MONTHS INTOthepan- stream of inquiries from such groups. demic, the recommended “We’ve seen an increase in family rules for families are clear: podstakingoveranentirethree-orfour- safetyfirstmeanssafetyinlow bedroom villa residence or booking numbers. Learning pods are suitesclosetoeachother,”saidJohnCon- Ssmall. Social bubbles are guarded. The way,the Ocean Club’s general manager. “quaranteam”lineshavebeendrawn—at Exactlywho’ssleepingwhereis“deci- home and on the road. “By this point, sion point number one,” said Amie we’ve all gotten to know the tribe in our O’Shaughnessy,the founder and chief pandemic‘lane’,”saidStacieKrajchir-Tom, executive of Ciao Bambino!, a Virtuoso 52,aLosAngelesbrandconsultantwhois agencythat specialises in familytravel. heading to Ojai,California,in November “Oneofthebigquestionstoaskis:are withseveralfamiliesfromherson’sthird- you going to be in the same house? Are gradeclass.“That’swhoyou’remostlikely you actually vacationing side-by-side goingtowanttotravelwith.” andsafelyadjacenttooneanother?”said Butifvacationingwithotherfamilies O’Shaughnessy.“Orareyousaying:We’re wascomplicatedinBeforeTimes—split- going to decide that we’re totally on the ting costs, calling dibs on bedrooms — same page and share a home?” the coronavirus has onlydoused the fire IntrepidTravel,whichrunsaffordable with more fuel.Groups must contend small-group tours, has four new Family withfrankdiscussions,personalfrustra- Retreats,designedforthreetofivefami- tion and, in some cases, cancelled trips. lies apiece.The newpod packages atThe Hotels,advisers and othertravel compa- St Regis Bahia Beach, in Puerto Rico, nies are adjusting to a new set of guest includecustomisablepicnicsandguided concerns and interpersonal dynamics. rainforest excursions. But for travellers like Krajchir-Tom, the Rentalcompaniesarealsoexperienc- extraeffortisworthit.“Beingonvacation ing strong interest by multifamily with your friends is always a fun thing,” groups,seen chiefly in booking rates for shesaid.“ButespeciallyduringCovid,the largehomes.Butsomereportthatreser- greatest gift we can give our kids right vations aren’t necessarily translating nowis a shift in environment.” into arrivals. “We have encountered severalinstanceswhereoneortwoguests in the reservation will initially back The new concerns out, making the trip less affordable for When it came time forherannual trip everyoneelse,”saidAndreasKingGeova- with friends this summer, Linda Baird nis, the founder of Sextant Stays, a didn’t fret about closed borders or can- Miami-basedhospitalitycompany.“This celled flights; the Airbnb the group had hasarippleeffect,andthegroupcontin- rentedinJanuarywasonaprivatewater- ues to dwindle until they ultimately front in Maryland,and she and herfam- decide to cancel altogether.” ilywould be road-tripping from Colum- That’s exactlywhat happened toTor- bus,Ohio.She did,however,worryabout Pandemic travel, with benLonne,wholivesinCopenhagenand the drive,especiallyat a timewhen Ohio runs DIVEIN.com, a scuba-diving web- infection rateswere peaking. site.LonnewassettotraveltoEgyptwith “I asked myself a few times about his uncle’s family but in late September whetherthestressofgettingtherewould — after the group had been virus-tested outweightheexperienceofbeingthere,” and loaded up with travel insurance — saidBaird,39,afreelancewriterandstay- his uncle reneged, citing infection rates at-homeparentoftwochildren,fourand another family in Egypt.The tripwas cancelled. seven.“Wedidn’ttellthekidsuntilabout “Everything was set for us to go,” a week before leaving because we knew Lonne,34,said.“I feltverydisappointed that things could change at anytime.” and annoyed that my uncle would For her, communication with her If vacationing with other families was complicated in Before Times—splitting costs, calling back out at the last moment, and once friends — a tight-knit crew of four fami- dibs on bedrooms—the coronavirus has only doused the fire with more fuel everything was cancelled we didn’t lieswitheightchildrenintotal—waskey. speak for a while.” Not only did they discuss how the costs would be divided and who would bring What’s in it for thebreakfastbagels,theyalsocheckedin theirJerseyShorevacation. travellers? Everything with each other throughout the spring “Cancellingfeltheavierthisyearthan and summer,monitoring local infection in otheryears,because in otheryears we No one in Baird’s group ended up in ratesandagreeingtogettestedbeforethe would have all had more changes of the guesthouse,and even the trip’s mis- trip.Andtheytalkedthroughwhatwould scenery by now,”she said. Others found adventures— onepoweroutage,onejel- happen if someone fell ill in Maryland, that their trips were no match for travel lyfish sting — did little to dampen her designating the rental’s detached guest- restrictionsandclamped-downborders. perspective.“AssoonasIgotthere,Ifelta houseasanobviousplacetoself-isolate. Patrick McDermott,who lives inAbu moment of normalcy,”she said.“We had “We were constantly asking,‘What is Dhabi,wasexcitedaboutheadingtoCon- doneeverythingpossibletoprepare,and yourexposurelike?Whatisyourcomfort nemara, in western Ireland, with the the trip was a break from the anxiety of level?’”Bairdsaid.“Therewerelotsofcon- group of friends he has travelled with the pandemic.” versations about howwewere living our every summer for more than 15 years, For Montoya Hudson, 35, of Katy, day-to-daylivesandwhatwecoulddoto despite their being spread across multi- Texas,itwascrucialtogetthepandemic- make this a fun — and safe — vacation.” ple continents and countries. related brass tacks out of thewayso that Conversations like that are vital, said “It has become a cherished tradition the fun — a friends’trip to Tennessee Marisa G Franco, a psychologist and and something that all of us,especially next month — could begin. friendship expert. our kids, look forward to all year,” “Wesaid,‘Hey,thisiswhatwe’vebeen “Friends should certainly have dis- said McDermott, 42, the founder of doing,this iswhatwewould like to do cussions from the get-go about bound- the points-and-miles website The with you, have you guys been doing the aries, priorities and the issues that Expat Flyer.WhentheIrishgovernment same?’” said Hudson, who works in could arise,”she said.“It may feel awk- announced new travel restrictions,four pletelydown to fly,”she said. health care information technologyand ward,but itwill feelwaymore awkward ofsixfamiliesinMcDermott’sgrouppiv- The more risk-tolerant subset may runs The Spring Break Family,a travel if your friend shows up and she’s not otedtoacampingtripinSwitzerland.But eventuallyheadtoBajaCalifornia.Butfor blog. “We’ve been restricting outside wearing a mask.”ButasJudyNelson,38, McDermott and his family had to tag now,Ojai,about90milesfromLosAnge- activity,goingonthesideofcautionand learnedwhiledecidingwhethertotravel along on WhatsApp: there were reports les,was the compromise.The group will keeping to ourselves.” with three other families to Seaside thatUnitedArabEmiratesresidentswere stayatTheCapriHotel,whosepandemic Hudson and her friend Monet Ham- Heights, New Jersey, this summer, even getting stuck overseas because of the protocols Krajchir-Tom and another brick, who runs The Traveling Child, teed-up quarantinevalues can turn into pandemic,andtheydidn’twanttoriskit. mother can vouch for firsthand, having another travel blog,are eager for a break a case of“the best-laid plans.” “Missing everyone getting together visitedwiththeirsonsduringaquickget- from theircabin fever.They’re also look- “Therewas a bit of‘I reallywant to go in Switzerland was heartbreaking,” awayinAugust. ingforwardtovisitingkeysitesfromthe but I’m sort of on the fence’ conversa- McDermott said. “The strength of civil rights movement and Black history tions,buttruthfully,itallfluctuatedwith these relationships was particularly The travel with their husbands and school-age howthe newswas looking,”said Nelson, evident over the last six months — industry reacts daughters (theyeach have two). thecommunicationsdirectoratadesign these friends were our first port of call “I know it sounds very simple, but I firm. A few weeks before the July trip, for advice and support.” InaflashpollonInstagramthissummer, miss people,”Hudson said.“My daugh- Nelson and her husband, who live in AsforKrajchir-Tom,herschool“hive” Virtuoso,anetworkofluxurytravelagen- ters haven’t had the chance to socialise Brooklyn,tooktheirtoddlerdaughterto shares beliefs about masks and distanc- cies, found that 79% of users would withtheirfriends;Idon’tgettochatwith Jacob Riis Park, a beach in Queens. She ing.Yet therewas one issue that failed to travelwithfamilieswhosepandemicval- myco-workersinthehallway.Thisseems relayed what she saw — droves of mask- draw a consensus.“There are families ues alignwith theirown. like a nice way to merge the desire to less sun-seekers — to the group.A few that were definitely not getting on a Luxury resorts like Eden Roc Cap travelwith the need to see friends.” texts and emails later, they cancelled plane, and there’s the camp that’s com- Cana,in the Dominican Republic,and NYT

sometime after retirement,brokers said. The island brokers knew how to cater to ily by renting them a private island in The island brokers IT’S The island bugwould usuallystrike a few theseclients.Theysoughtaplacetofeellike Mainefor$250,000aweek.Butrentingis DIFFICULTTO yearsafterthenoveltyofotherluxurypur- a“bossfromseatosea,”Christiesaid,alit- not enough forsomewealthypeople.The EXPLAIN TO chaseshadwornthin. tlekingdomwithnoauthorityexcepttheir pandemichasfundamentallychangedthe CLIENTS WHATIT “You have youryacht,your jet — now own.Dealscouldbesweetenedbyallusions waythey’rethinking—long-term—about are overwhelmed ACTUALLYTAKES TO you want your island,”said John Christie, tobillionaireorcelebrityneighbours. beingaroundotherhumans. SET UPA the president of Christie’s International But this newwave of island buyers is “Before,an islandwas a toy,”said Mar- SELF-SUFFICIENT Real Estate,a firm based in the Bahamas. less driven by ego than a desire to escape cus Gondolo-Gordon,the chief executive The wealthy want to escape the pandemic to a ISLAND, SAY thevirus,andbrokers,liketheirclients,are of Incognito Property based in England. BROKERS newertoponderingsurvival.Soevenafter Nowclientsdescribedreamsofa“abloody private, isolated paradise.The people who sell a few harried months,brokers are strug- long boat ride”to ensure that no one will gling to meet their clients’new requests, cruiseupandinfringeontheirisolation,he islands have to explain: it’s complicated likehavingagriculturetogowiththeheli- said.Theyalsowant access to freshwater, copterlandingpad.Despitethehighinter- solar panels and a house that is ready to HEATHER MURPHY onitshead.“Thishasbeenthebusiesttwo est driven by the coronavirus crisis, sleep in,tomorrow.Quicklysetting up an months I’ve had in 22 years of selling Krolow’sfirm,basedinCanada,hasclosed island for self-sufficiency is going to be CALLSAND EMAILS comeinatalltimesof islands,”Chris Krolow,the chief executive onlyafewsales.Likeotherbrokers,hesays hard,Gondolo-Gordon has to tell them. dayandnight.Theynolongerconcernfun ofPrivateIslands,saidinJuly.Thepacehas thatmuchofhistimehasbeenconsumed Construction on private islands takes far or prestige. Instead they focus on fresh not slowed since then,he said.The only bysettingexpectationsaboutwhatitactu- more time than on the mainland or even waterandsolarpanels.Thesewerenotthe time he has ever had anywhere near this allytakes to set up a self-sufficient island ontypical,non-privateislands.Andbrokers inquiries they had grown used to. The quantityof inquirieswas shortlyafterthe —thelogisticsofparadisearecomplicated cannot guarantee that islandswill be safe islandbrokersareoverwhelmed. disastrousFyreFestivalonGreatExuma,in —andfiguringouthowtoshowproperties havens from civil unrest.“You’re going to As the coronavirus pandemic has dev- theBahamas,in2017.Krolowsaidhewas topotentialbuyersamidtravelrestrictions. havetoreadthenews,”hetellsclients.And astated countries around theworld,it has swamped,forsomereason,withquestions DylanEckardt,anagentforNestSeek- they’ll also have to consider that their upended nearly every aspect of life for from“kidshopingtostarttheirowncoun- ersInternational,says he getsalotofcalls shorelinewillmostlikelybeaffectedbycli- everyone,including for those most insu- try.”Before the pandemic,an island was in thevein of,“Moneyis no object,put me mate change.When they cannot handle lated by money.Even the niche,ultrarich typicallyavanitypurchase that awealthy wherever my family can’t get sick.” He this,headvisesthemtorentasuperyacht. worldofislandcommercehasbeenturned client — usually male — would pursue recentlytriedtodeliveronthisforonefam- NYT

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SLEEP INVERSION Sleep inversion or sleep-wake inversion is a reversal of sleeping tendencies. Individuals experiencing sleep-wake inversion exchange diurnal habits for nocturnal habits, meaning they are active at night and sleep during the day WeSUNDAY, OCTOBER 18, 2020 ll-Being

Then,give yourself a hug crossing right arm over left and switch,crossing left arm over right. Repeat these bear hugs a few times.Then, take your arms back 11 exercises out into the cactus shape.Inhale and slowly extend your arms overhead. Exhale and bring the elbows into your waist.Repeat three to five times,trying to keep the arms on the floor through- out the movement.Lift your hips and roll the balls down your spine a few for better inchesandrepeat.Keeprollingtheballs down your back and repeating the bear hugs and snow angels until you get to themid-back(whereabrastraporheart rate monitorwould be). Figure-four stretch sleep This stretch, also known as "supine pigeon" in yoga, opens up the hips, relievespressureinthelowerbackand counteracts too much sitting and poor posture. Lie on Stretching and meditative movement THE yourbackwithyourknees like yoga before bed can improve the LOW LUNGE bent and feet on the OPENS UP THE floor. Cross your right quality of your sleep and the amount PSOAS MUSCLE, THE foot over your left DEEPEST MUSCLE IN thigh, just above your you sleep. Here is a short and calming THE CORE THAT knee.Stayhere,orhold routine of 11 stretches and exercises CONNECTS THE onto the back of your SPINE TO THE left thigh and gently pull both legs toward LEGS you. Flex both feet, and keep your left foot at knee height or higher. Hold for five to 10 breaths and switch sides. Knee to chest to spinal twist This combination move stretches the hips and lower back.Stretch out your legs and slide them together. Pull your rightkneeintoyourchestclaspingyour fingers aroundyourright shin and gen- tly hug your knee in to stretch your low back and hips. Hold for three breaths. KELLYDINARDO Releaseyourkneeandsenditacrossthe left leg for a gentle spinal twist.Turn LEEP SHOULD BE a welcome yourgazetotheright.Holdforfiveto10 respite,butwith ourregular breaths and switch sides. routines upended and an almost daily onslaught of Legs up the wall anxiety-inducing news, This yoga posture stretches the ham- Smanypeople are tossing and turning.A strings,relieves lower back tension and study published in June by the journal can help reduce any swelling or cramps Sleep Medicine found a 37% increase in that may have built up from sitting or the rates of clinical insomnia among standing for extended periods.Sit with adults in China from before the peak of one hip next to awall.Swingyourlegs the pandemic. up parallel to the wall as you lean back Exercise can reduce the amount of andrestyourupperbodyontheground, time it takes to fall asleep and the forming an L shape.If your hamstrings amount of time spent awake at night, are tight, scoot your hips back a few numerous studies have shown. It also inchesfromthewallorputaslightbend increases sleep time and quality.While in your knees.For added support,you experts suggest avoiding vigorous exer- (Above)Thread the needle releases canalsoplaceafoldedblanketorbolster cise within an hour of bedtime (it raises shoulder tension; (above, right) the beneathyourlowback.Thiswillliftyour heartrate,bodytemperatureandadren- cat/cow postures synchronise breath butt off the ground slightly. Take your aline), stretching and meditative move- and movement; (right) the child’s pose rightindexfingertoyournose andgen- ment like yoga has been found to releases tension in the back and tlyclosetheright nostril.Takefiveto10 improve sleep quality. These types of shoulders; and (far right) the legs-up- slowbreathsinandoutthroughjustthe exercises elicit the relaxation response, the-wall posture helps reduce swelling left nostril,which lowers blood pres- inwhich the bodyexperiences a flood of or cramps that may have built up from sure, body temperature and anxiety. calming hormones and physiological sitting for extended periods Release the hand and breathe slowly reactionsthatquietsthenervoussystem. and deeplythrough bothnostrils.Then, Here is a short routine that can be a press the feet into the wall,lift the hips calming transition right before bed- back and shoulders, gently stretches ground.Turn the right palm up toward slightly,androlltooneside.Stayonyour time.Grab a thick book oryoga block, the hips and has an overall soothing the sky and rest the right cheek on the side for a few breaths, taking your time two tennis or massage balls, and socks. effect. Starting in tabletop,sink your ground.Keeptheleftpalmpressinginto to come out of the pose. For each exercise, take slow, deep hips back to your heels and settle your the earth or deepen the twist by taking abdominal breaths that emphasise and chest between your thighs. Your big the left hand to the small of your back. Box breath elongate the exhale.Breathing this way toes are touching one anotherandyour Hold forfivebreaths.Then,onan inhale This powerful relaxation technique can strengthens the relaxation response. knees are as farapart as theyneed to be sweepthe righthandtoward theskyfor help clear the mind and unwind the to let you breathe deeply. Walk your a gentle counter-twist. Exhale, return body.Navy SEALs have reportedly been Cat/cow hands out in front of you,stretching to the starting position and repeat on known to use itwhen theirbodies are in Movingbetweencatandcowyogaposes through the arms.Your forehead can the other side. fight-or-flight mode.Climb into bed,lie releases upper-back and neck tension rest on the ground, or, for a mini mas- front knee.Take five to 10 breaths here Bear hugs and snow angels on your back and rest your hands on and synchronises breath and move- sage,place a tennis ball or massage ball Low lunge and switch legs. These two exercises open the chest, your belly. Close your eyes and inhale ment,whichstartstocalmthebodyand under your forehead and gently roll This exercise begins to open up the release tension in the back and shoul- through your nose for a count of four. mind.Come into a tabletop position on from side to side. (This step stimulates psoasmuscle,thedeepestmuscleinthe Neck massage with balls ders andcounteract postureproblems- Hold the inhale for four.Exhale fully to the floor,with hands under shoulders an acupressure point believed to elim- core that connects the spine to the legs. This technique helps release neck ten- poor posture has been shown to affect the count of four,making sure all of the and knees under hips.As you inhale, inate nervous tension.) The psoas help move us forward when sionandstimulatesthevagusnerve,the stress,mood,breathingandcirculation. air is out of your lungs.Stay empty of drop the belly, press the chest forward wewalk orrun,support internal organs driving force behind the parasympa- Come down on your back and place breath for a count of four.Repeat the and look up. Exhale, tuck the chin Thread the needle and connect to the diaphragm,directly thetic nervous system, which impacts two tennis or massage balls in between process for three to five minutes.It can toward the chest and round the spine. This gentle twist releases shoulder ten- impacting our breath. Relaxing the sleep and mood. Come down onto your your shoulder blades at the top of your be helpful to visualise drawing the Move fluidly between the two poses so sion,andstartstostretchandloosenthe psoas allows us to take deeper, back with a yoga block or thick book spine.(Tip:Usingtwomassageballsina perimeter of a square; imagine travel- thatwitheachinhaleyoucomeintocow lower back.Start in tabletop position, diaphragmatic breaths. under your head.Turn your head to the carrier sack or two tennis balls inside a ing up one side of the box on the inhale, andwith eachexhaleyoucomeintocat. wristsundershouldersandkneesunder Come back to tabletop. Step your right and place the ball on your upper sock will keep them from rolling away.) across one side as you hold the inhale, Take three to five breaths. hips.Asyouinhale,taketherightarmto right foot forward between your hands neck behind your ear. Take five deep Keep your knees bent and feet on the down the otherside of the box on the thesky,palmfacingawayfromthebody. and slide your left knee farther behind breaths here. Then gently nod "yes" floor.Rest your head on the floor and exhale and across the other side as you Child's pose Exhale and sweep the right arm under you.Keepyourhandsonthefloor,fram- three or four times,nod"no"three or takeyourarmsouttoyoursideslikecac- hold the exhale. The child's pose releases tension in the the chest,resting the shoulder on the ingthefrontfoot,orplacethemonyour four times.And,switch sides. tusarms.Takethreetofivebreathshere. NYT

OUR George Floydwas killed. tive,used to emphasise a point orexpress CHOICE OF Since the beginning of the pandemic, an enthusiasm. He is updating his elec- All good? Let's ask social media WORDS FOR theHedonometer'ssadnessreadingshave tronicdictionariesaccordingly. ONLINE POSTS setmultiplerecords.JamesPennebaker,an MunmunDeChoudhury,aprofessorin intellectual founder of online language the School of Interactive Computing at Researchers are looking at online behaviour, measuring word choices across REVEALS NOT JUST analysis and a social psychologist at the GeorgiaTech,isalsoexaminingdigitaldata millions of posts, to gauge public mental health.The results aren’t pretty OUR MOODS, BUT UniversityofTexasatAustin,becameinter- forinsightsintowell-being.DeChoudury's ALSO OUR ested in what our choice of words reveals workovertheyearshasfocusednotonlyon CASEY SCHWARTZ amovingmeasureofwell-being. CHARACTERS aboutourselves,ourmoods,ourcharacters, populationstudies,liketheHedonometer, TheComputationalStoryLabispartof exactlyat the momentwhen the internet butalsoontheindividual.In2013,sheand WHICH WAS THE SADDEST day of them a small but growing field of researchers was first supplying such an enormous colleagues found that by looking at new all?Thisisthequestionyoumaybeasking who try to parse public mental health stockpileoftexttodrawfromandconsider. mothersonsocialmedia,theywereableto yourself,surveying thewreckage of 2020 through the prism of ouronline life.After "These digital traces are markers that help predict which ones might develop thus far.According to the Computational all, never before have we had such an we're not aware of,but they leave marks postpartum depression, based on their Story Lab of the University ofVermont,it incredible stockpile of real-time data, that tell us the degree to which you are postsbeforethebirthoftheirbabies.Oneof wasSunday,May31.Thatdaywasnotonly what's known as our "digital traces", to avoiding things,the degree to which you themosttellingsigns?Theuseoffirst-per- the saddest dayof 2020 so far,itwas also choosefrom.Since2008,theHedonome- areconnectedtopeople,"saidPennebaker. sonsingularpronouns,like"I"and"me"."If the saddest dayrecorded bythe lab in the terhasgatheredarandom10%ofallpub- "They are telling us how you are paying I'mconstantlytalkingabout'me',itmeans last13years.Oratleast,thesaddestdayon lic tweets,every day,across a dozen lan- attentiontotheworld." that my attention has inward focus,"De Twitter.The researchers call it the Hedo- guages.Thetoolthenlooksforwordsthat But,Pennebaker said,one of the chal- Choudury said."In the context of other nometer.It is the invention of Chris Dan- have been ranked for their happy or sad lenges of this line of research is that lan- markers,itcanbeacorrelateofmentalill- forth and his partner Peter Dodds,both connotation,counts them,and calculates guage itself is always evolving,and algo- ness."This finding first emerged in the trained mathematicians and computer a kind of happiness average based on rithms are notoriously bad at discerning workofPennebaker,butDeChoudurysaid scientists and the co-directors of the lab. whichwordsaredominatingthediscourse. context.Take,forexample,cursing."Swear thatparticularstudywas"eye-opening"for The Hedonometer has been up and run- OnMay31,themostcommonlyused words have changed in the last 10 years," her."We were pleasantly surprised that ningformorethanadecadenow,measur- words on English language Twitter he said,noting that now,far from neces- thereissomuchsignalinsomeone'ssocial ingwordchoicesacrossmillionsoftweets, included "terrorist", "violence" and sarilybeinganexpressionofanger,cursing media feed that can help us make these everyday,theworldover,tocomeupwith "racist". This was about a week after can be either utterly casual,or even posi- predictions,"DeChoudurysaid. NYT

Pune Mind&GamesFESUNDAY10 WWW.FINANCIALEXPRESS.COM SUNDAY, OCTOBER 18, 2020 Gadgets were on the way out. Then 2020 happened Thepandemicgadgetboomisastoryof want to engagewithwhateveris coming A brutally unexpected both new needs fulfilled and old desires next.Thiswas alwaysa pleasant illusion, The Great Barrier year turned restored.Buying noise cancelling head- and it's one the pandemic has made phones is,of course,a consumerist treat, impossible to sustain. Reef has lost millions of people setting aside the new circumstances that In this brutally unexpected year,the madethemfeelnecessary—theconstruc- luckiest were buying their way through half its corals into gear nerds, tiondownstairs,thebaby20feetaway,the hard times, sustained by the hope that � whether they spousesimultaneouslytrappedinavideo anotherpurchasemightfixanewproblem, The Great Barrier Reef lost meeting.Youcanfeelthefaintestmuscle momentarily re-empowered, if only by half of its coral populations liked it or not memoryactivate when you comparison tapping another "Confirm" button, and in the last quarter-century, a shop for a gadget of a type you've never buoyed bythe simple,shameful pleasure decline that researchers in purchasedbefore,evenifthatgadgetis— ofacquisition.Therestwerecoping,meet- Australia said would JOHN HERRMAN judging by back orders and top listings ing sudden demands or simply trying to continue unless drastic onAmazonasthewintercreepscloser— staysafe,whateverthecost. action is taken to mitigate ADGETS WERE SUP- aSADlamporanoutdoorradiator. Pandemic gadgets don't bother to lie effects of climate change. POSED to be over. Thisgadgetboomwillendlikeevery aboutbeingthenextbigthing.Theydonot � Smartphones, tablets other—with abunchof little-used and evenclaimtobeawaytocatchupwiththe Researchers studied coral and smartwatches can- rapidly obsolete junk stowed away in next big thing.Their guaranteed future colonies along the length of nibalised the weaker closets and landfills around the obsolescence—perhapsthedefiningchar- the reef between 1995 and Gdevicesaroundthem,includingcameras, globe—butitwon'tinspiremuchnos- acteristic of a gadget—isn't something to 2017 and found that almost music players,navigation units,fitness talgia.This isn't spontaneous mass hide,becausewhenitcometopass,itwon't every species had declined. trackersandgamingdevices.Thefewtech hobbyism or a slide into decadence. beadisappointment.Itwillbearelief. � Colony sizes were smaller; products that broke through the It's a cornered populace spending NYT there were fewer "big noiseofcrowdfundingsitesand what they can in hopes that some mamas" or older large thecrowdedfieldofstart-ups THIS novel invention will stave off disaster,or corals that produce baby werequicklycommoditised evenjustgloom. GADGET corals; and there were andundercutonAmazon. linksover,homebloodoxygenmonitoring Thegadgetsthatweresorecentlyon BOOM WILLEND fewer of those babies, Thestoresthatdealtin LIKE EVERYOTHER— besufficienttoclearthe equipment.A style and language devel- theirwayoutwereofadifferentvari- gadgetry had gone out of atmosphereinyouriso- opedbyanenthusiastconsumercultureis ety,and purchased underdiffer- which are vital to the reef's WITH ABUNCH OF future ability to breed. The business or become glum JUNK STOWED lationpodonanincreas- stretchingtoaccommodatenewneeds. entcircumstances.Gadgetcon- warehouses for no-fun inglyhostileplanet? Nowherearethedisparateexperiences sumption has long been study was published in the AWAYIN CLOSETS & journal Proceedings of the products.In 2016,my col- LANDFILLS Onestrikingdetailof ofthepandemicgadgetboommoreobvi- portrayed as an interface league Farhad Manjoo this gadget boom is that ous than onAmazon,which has mutated withsomepartofthefuture: Royal Society. declareda"gadgetapocalypse". the horsemen of the once- from the"everything store"into a global options on a shelf from � Researchers from the ARC "For 30 or 40 years, through inevitable gadget apocalypse productdistributionutility.Arecentselec- which you can select Center of Excellence for recessions and war,through stability have slowed to a trot. Gartner, the tion of featured Prime Day sales seemed how,when,or if you Coral Reef Studies in and revolutions,theywere always there," research firm and consultancy, esti- Covid-aware: cheap childproof tablets, Queensland, Australia, hewrote.Soon,tothehorrorofenthusiasts matedthatsmartphonesalesfellby20% noise-cancelling headphones,an Instant measured changes in and mere consumerists alike,theymight in the second quarter of the year,when Potandcountlessitemstofurnishalong- convergeintoablandrectangularity. much of the world was dealing with haulhomeoffice. colony sizes as a way of Fornow,at least,it appears the gadget severe and increasing Covid-19 case- The generic Amazon brand,once understanding the capacity apocalypsehasbeenaverted,dueinpartto loads and economies in steep decline. anaccusedenemyofgadgetry,is of corals to breed. threatsofactualapocalypse.Sevenmonths Therearenewgameconsolesonthehori- now its accomplice.Compa- � Bleaching, a process in ofshatteredplans,lockdownsandrapidly zon,butthey'renotyetout;thebreakout nies with forgettable which corals expel algae improvised new normals have converted device in the gaming industry was also namesmakingforgettable and turn white as water jaded consumers around the world into the most gadgety of its peers: the three- products—brands created temperatures rise, frantic gadget freaks, each grasping for year-old Nintendo Switch. toselllow-marginbatteries, contributed to steep losses itemsthat,intheirchaoticdisparity,tellthe Before 2020,manypopularconsumer cables and Bluetooth speak- of coral colonies in northern storyof a strange,darkyear: pulse oxime- electronics were receding into the back- ers—have grown into miniature and central Great Barrier ters,theiPhone12,HEPAairfilters,infrared ground,morevitalandusefulthaneverbut Amazon conglomerates. Smoked-out Reef in 2016 and 2017. thermometers, bare-minimum tablets purchased,wielded and discarded with a CaliforniansloggingontoAmazonearlier andlaptopsforschooling,the PlayStation senseofroutine,ratherthannovelty.Inthis thanthismighthaveencounteredawell- � "There is no time to lose," 5 (pre-order),ring lights,miniature freez- way, smartphones are like cars: first, reviewed option from TaoTronics,which the researchers said in their ers, home networking equipment, and obnoxiouslyoutofplace;then,ubiquitous just a few years ago was known almost statement. "We noisecancellingheadphones. andyetmoredemanding;finally,takenfor exclusivelyforitsbargain-basementwire- must sharply decrease Elementsofthisgadgetboomaremore granted and made invisible, despite lessearbuds(comewinter,thebrandsells greenhouse gas 2002than2020.When'sthelasttimeyou remaking the world around them in space heaters and therapy lamps, too). emissions ASAP." wentcomparisonshoppingforawebcam? increasinglyambitiousways. Anker, which made its name selling How are you enjoying that new inkjet Thewaysinwhichpeoplebuygadgets, portablebatteriesonAmazon,wouldnow MARIA CRAMER/NYT printer?Andyetitevokes2200aswell.Did too,have become less distinct and more like to sell you a projector, so that you Kitty Bennett you expect to spend your summer trying infrastructural.Productreviewsiteswhere mightopenasmallmovietheatreinyour contributed research to figure out if an air purifier made by a readers might have compared wireless home,asthebigscreensinyourtownshut Bluetooth speakercompanywas going to headphones are recommending, a few down,maybeforgood.

CROSSWORD KAKURO BRIDGE BOUTS L SUBRAMANIAN LEXICON

In Kakuro sum FUNNY RESULTS FAUXDUCTIVITY puzzles,the num- Today’sdealisfromIMP Dlr:West SAK86 ■ n. Pretending to bers in the black matches played simul- Vul: None H2 work hard; busyness squares referto taneously at different D52 that consists of trivial the SUMS of the tables.Itgaverisetovar- CQJT853 orunproductive S92 digits,whichyou iedresultsineachoneof N SQ3 activities. HAT85 HJ93 are to fill into the them. Let us see it DQT63 S DKJ87 emptyspaces double-dummy and CA72 CK964 I amveryfamiliar directlybelowor enjoythe fun. SJT754 with that tactic,but I to the right of the HKQ764 have anotherone black square con- DA94 that’s evenworse. taining the C- Fake productivity,or number. Match1 “fauxductivity”as I No zeroes are used Openroom: WNE S like to think of it,is here,onlythe dig- Pass Pass Pass 1S whereyou surround Result: its one through Pass 4S All pass Down one yourselfwith accou- nine.An impor- Withoutwastingtime,northjumpedtogameatonce.Declarer,anexpert,hadablackout trements of produc- tant point:Adigit andwentdowninthesitter. tivityand busyness cannot appear Closedroom: WNE S so not onlydoes it more than once in --- 1S look likeyou are busy anyparticular Pass 4H All Pass Result: Down four and important but digit Northmeant4Hassplinterbutsouthtookittobenaturalandpassed. you are hoping to combination. Match2 trickyourbrain into Openroom: WNE S acknowledging the All pass Result: No score need to getwork ACROSS water or another type manner? (6) BIZ QUIZ BUZZ WORD Afterthreepasses,southpasseditout…butwhyonearth? done and then spend 5 Airlines from UAE: of drink (6) 19 Swaggers or Closedroom: WNE S extra time doing it. Pass 1C Pass 1H Air ___ (6) parades (6) 1.Whichtechnologycompanyhas The Buzz Word is a substi- els.Solution is by trial —Minerva Cheevy, DOWN Pass 1S Pass 4C 7 ___ Morarji Chemi- 20 Every one taken partneredwiththeAICTEtotrainstudents tution cipher in which one and error. Pass 4D Dbl 4NT “Fauxductivity,” cal Co.Ltd.: Ambar- 1 Stubborn,perversely separately (4) innew-agetechnologies? letter stands for another.If Pass 5C Pass 6S The Chronicle of nath based chemical impenitent (8) 2.TAEF,whichrecentlypartneredwiththe you think that X equals O, Today’s clue: DQO equals Dbl 6NT Dbl All pass Result: Down five HigherEducation, giants (8) 2 No longer capable NationalMaritimeFoundation(NMF),isa it will equal O throughout FOG Northopenedaggressivelywith1Candsouthmadeanincorrectresponseof1H.When October4,2011 9 Showed off,swag- (4,2) thinktankbasedinwhichcountry? the puzzle.Single letters, northrebid1S,southsplinteredinpartner'ssuit.Northtookitassuggestingahugeclub gered or ridiculed (8) 3 ___ Syrian Bank : 3.Whatistheamountofinterest-free short words and words Qgb dkzqgbcfs fit.North's4DwasRKCforclubs.Southconstrueditasshowingdiamondcontrol.South's 10 ___ Software Sys- one of the more festivaladvancegrantedbytheUnion using an apostrophe give rqtycuo nsbcqy 4NTwas RKC for spades.South assumed North’s 5C response showed three key-cards

tems : HSS,in short (6) prominent co-opera- governmenttostimulatedemand? you clues to locating vow- cv dqbszsb. andsettledfor6S.Withtwoacesinhishand,westdoubledforpenaltyandnorthranto

eidi forever. is period 11 TISCO now (4,5,3) tive banks (8) 3.`10,000 6NTwhichmetwiththesamefate.Westledadiamondtosetthecontractbyfivetricks!

ufvuieholding Ourfavourite 13 Say'yes'to an invi- 4 With an irregularly ANSWERS 2.Taiwan 1.Microsoft Match3 tation (6) cut or town edge; Open room: WNE S 15"Cartel"anagram deeply indented (6) Pass Pass Pass 1S for an alcoholic drink? 6"R"in RIL (8) Pass 4S All pass Result: Contract made (6) 7 Evaded (6) Declarerwon the spade lead and played a heart to his queen.Westwon and played 18"O"in WIPO or 8 Instituted legal pro- a second spade. Dummy won, ruffed a club into hand, and established his hearts WTO (12) ceedings (4) to chalk up the game. 21 Foil or frustrate; 12 Like a cobra (8) Closedroom: WNE S balk (6) 14 Popular Swiss Pass Pass Pass 1S 22 A brief intensive watches (3,5) Pass 4H? Pass 6H?? course for a small 16 Made or done with Dbl 6S Pass Pass Dbl All pass Result: Contract made group (8) taste and skill (8) 23 A cavalry soldier - 17 Response to a ques- West led theCA.Declarer ruffed,drew trumps,and ruffed out theCK,to claim "has curse"anagram? tion (6) twelve tricks! (8) 18 Stand -___ : cold or

24 A strong desire for distant or aloof in SOLUTIONS Discussion:Notonetableproducedsameresult.Howfunny!

Pune WWW.FINANCIALEXPRESS.COM SUNDAY, OCTOBER 18, 2020 FE SUNDAY NEWS 11

IIFL ASSET MANAGEMENT LTD. Regd. Of�ice: IIFL Centre, 6th Floor, Kamala City, Discounts galore as online sales begin Senapati Bapat Marg, Lower Parel, Mumbai 400013 CIN: U74900MH2010PLC201113 | www.ii�lmf.com REYAMEHROTRA While e-commerce small-scale jobs across online storagedevices. Myntra believes that ethnic NOTICE IS HEREBY GIVEN THAT further to our notice dated April 30, 2020, Association of New Delhi, October 17 mediums. Weareconfidentthatourfes- wear is expected to be among Mutual Funds of India (AMFI) under directions of Securities and Exchange Board of India websites are expecting (SEBI), has directed all mutual fund(s) to restore the original cut-off timing for both windfall gains, shopping Healthcareandhygieneprod- tive offers will make our con- thebest-sellingproductsduring THEVIRTUALMARKETPLACE is ucts flooded the markets ever sumers’lifeeasierandaddmore the festive andwedding period subscription and redemption for all schemes other than those categorised as Debt Schemes malls are gearing up to and Conservative Hybrid Fund w.e.f.October 19, 2020. bustling with offers and dis- since the lockdown was joytothefestivities,”AkashSax- buttherewillbealargefocuson Pursuant to the said directions, the original cut off timings for IIFL Focused Equity Fund are counts. With the start of The attract shoppers with imposed.Handsanitisers,clean- enaa,seniordirector,enterprise 'above thewaist'looks,which is restored as follows: Amazon Great Indian Festival, offers like personal ers,immunityboosters flewoff sales,SamsungIndiasays. reflectiveofthevirtualnatureof Myntra’s Big Fashion Festival, shopper experience, the shelves. According to a Followingthetrend,Amazon social events and celebrations In case of subscription - For IIFL Focused EquityFund – 3:00 p.m. Flipkart’s Big Billion Days Sale, concierge services reportpublishedinTheWeekin India has predicted that mid- thisfestiveseason. this year, small and medium Aprilthisyear,hygieneproducts, range smart phones priced Expecting good sales, the In case of Redemption - For IIFL Focused EquityFund – 03:00 p.m. businesses are looking to pick- followed by work from home between `15000 to `25000 brandhasalsopreparedforhan- upthroughonlinemediumslike essentialsandhomeappliances could sell like hot cakes during dlingincreaseintraffic,scaledto The revised cut-off timings for IIFL Dynamic Bond Fund and IIFL Liquid Fund as speci�ied in Amazon Karigar & Flipkart ping Index 2020 by the Retail- werethetoppurchasesthisyear. sales and Samsung, One Plus process 20,000 orders per our notice dated April 30, 2020 shall continue till further notice. Samarththatenablescraftsmen ers Association of India (RAI) With continuing trends,big andXiaomicouldemergeasthe minute at peak, during the All other provisions with respect to applicability of NAV in case of both subscription and tohaveawiderapproach. and LitmusWorld released in offers have been introduced by top winners. No doubt, phone seven-dayevent. redemption shall remain unchanged. For IIFL Asset Management Ltd. To encourage festive shop- Octoberhighlightsthat80%of e-commerce websites on such brands are expediting the The most business genera- ping, in a first, Amazon has Indian consumers are looking products.Growingdemandsfor launches of their newest ver- tion is expected from Tier I & Place : Mumbai Sd/- announcedasaleseasonlasting forwardtofestiveshoppingwith home appliances and devices sions. Oppo announced the II cities.Organic skin and hair Date : October 17, 2020 Authorised Signatory up to a month starting from 75% shopping online, 66% has also led electronics and launchofitsbestsellingAseries care brand Juicy Chemistry is “Mutual Fund investments are subject to market risks, read all scheme related documents carefully” October17contrarytotheusual consideringshoppinginstand- smartphone companies come – A15 in the market enabled positive for the rise in 5-6 days of sale while Flipkart alonestoresandonly37%con- upwithlucrativedeals.ForAma- with an AI triple camera and a demand forits products from wouldsticktoits5-daysalefes- sideringmallsreflectingtherise zonandFlipkartfestivals,Sam- largescreen. cities like Chennai, Mumbai, tival ending October 21.It has of omnichannel shopping. sung has launched new deals Apart from the these,gifting Delhi, Kolkata, Bangalore, also incorporated SME sellers While online is the primary and products on its range of options,festive wear and skin- Hyderabad while mattress from 20000 local shops to help mode of discovery,consumers storagedevicesandmore.“With care products will be added to brand Fresh Up Mattresses them generate business.A big arelookingforwardtopurchas- work from home being a large theshoppinglistduringthefes- expects good business from reason forthiswas the surge in ingatphysicalstores.Theshiftis part of the new normal, there tive months. Ayyappan Tier1 & 2 cities forthe high onlineorders.TheFestiveShop- also likely to create seasonal has been a spike in demand of Rajagopal, head of business, end products. India's active Covid-19 caseload drops below 8 lakh PRESS TRUST OF INDIA mentationoftheCentre'sstan- garh and Odisha,the ministry New Delhi, October 17 dard treatment protocol by said. states and union territories, Maharashtra is still report- INDIA'S ACTIVE COVID-19 and total dedication and com- ing averyhigh numberof new caseload fell below eight lakh mitment of doctors, para- cases with more than 11,000 forthefirsttimeinone-and-a- medics and frontline workers infections, followed by Kar- half months and account for have led to a persistent nataka and Kerala with more merely 10.70 % of the total increaseinthenumberoftotal than 7,000 cases each, it cases, the Union Health Min- recoveries with stated. istrysaid on Saturday. commensurate dip in the Atotal of 837 case fatalities There are 7,95,087 active fatality rate, the ministry havebeenreportedinaspanof cases of coronavirus infection underscored. 24 hours.Of these,nearly 82 as on date.The active caseload "India is the only country percentareconcentratedin10 was below the 8 lakh mark with the highest recoveries statesandUTs—Maharashtra, (7,85,996) last on September and continues to have one of Karnataka,West Bengal,Tamil 1,the ministrysaid. the lowest fatality rates Nadu,UttarPradesh,Chhattis- "With a high number globally. The case fatality rate garh,Punjab,Andhra Pradesh, of Covid-19 patients recover- as on date stands at 1.52%. Madhya Pradesh and Kerala. ing every day, India's steady Thesehaveintandemresulted Maharashtra has reported the trend of registering dipping inconsistentslideintheactive maximum single day deaths active cases continues," it cases," the ministry (306 deaths). Maharashtra underlined. highlighted. contributesmorethan13,000 The total recoveries have It said that 78% of the new tothesingledayrecoveries,fol- surged to 65,24,595 and recoveredcasesareobservedto lowedbyKarnatakawithmore exceed active infections by be concentrated in 10 states than 8,000 recoveries. 57,29,508.A total of 70,816 and UTs - Maharashtra, Kar- The Centre continues to patients have recovered and nataka, Kerala, Tamil Nadu, support the state and UT discharged in a span of 24 Andhra Pradesh, Uttar governments in the collective hours whereas 62,212 new Pradesh, Delhi, West Bengal, fight against the global pan- Covid-19 cases were reported ChhattisgarhandOdisha.79% demic. The Ministryof Health during the same period, of the 62,212 new cases of hasdeputedhigh-levelcentral according to data updated by Covid-19recordedinaspanof teams to Kerala, Karnataka, the ministry at 8 am. The 24 hours are from 10 States Rajasthan, Chhattisgarh and national recoveryrate has fur- and UTs - Maharashtra, Kar- West Bengal as these states therrisen to 87.78 %. nataka, Kerala, Tamil Nadu, have been reporting a surge in Enhanced countrywide Andhra Pradesh,West Bengal, the number of new Covid-19 medicalinfrastructure,imple- Delhi,UttarPradesh,Chhattis- cases in the recent days.

Pune SUNDAY, OCTOBER 18, 2020 WWW.FINANCIALEXPRESS.COM 12 FE SUNDAY

Notice- cum-Addendum to the Scheme Information Document of schemes of Franklin Templeton Mutual Fund Notice is hereby given that pursuant to SEBI communication to AMFI dated October 15, 2020 partial modification is being made to our notice-cum-addendum dated April 30, 2020 with regard to changes in cut-off timings for applicability of Net Asset Value as mentioned below with effect from October 19, 2020. Change in Cut-off timings for applicability of Net Asset Value for following schemes: 1. Franklin India Bluechip Fund 2. Franklin India Equity Fund 3. Franklin India Equity Advantage Fund 4. Franklin India Taxshield 5. Franklin India Focused Equity Fund 6. Templeton India Value Fund 7. Templeton India Equity Income Fund 8. Franklin India Prima Fund 9. Franklin India Smaller Companies Fund 10. Franklin Build India Fund 11. Franklin India Opportunities Fund 12. Franklin India Technology Fund 13. Franklin Asian Equity Fund 14. Franklin India Equity Hybrid Fund 15. Franklin India Equity Savings Fund 16. Franklin India Index Fund - NSE Nifty Plan 17. Franklin India Multi Asset Solution Fund 18. Franklin India Dynamic Asset Allocation Fund 19. Franklin India Life Stage Fund of Funds 20. Franklin India Feeder – Franklin U.S. Opportunities Fund 21. Franklin India Feeder – Templeton European Opportunities Fund 22. Franklin India Pension Plan The cut off timings for applicability of Net Asset Value (NAV) in respect of purchase of units shall be 3: 00 p.m. These changes will be applicable for applications /credit of funds received* on or after October 19, 2020. The cut off timings for applicability of Net Asset Value (NAV) in respect of redemption of units shall be 3: 00 p.m. The cut off timings for applicability of NAV in respect of switch of units amongst above-mentioned schemes shall be 3: 00 p.m. In respect of switch of units from above-mentioned schemes to Debt Schemes and Franklin India Debt Hybrid Fund, the cut-off timings as mentioned in notice-cum-addendum dated April 30, 2020 will continue till further notice. 801, 802 & 803, 8th Floor, Windsor, O� C.S.T. Road, Kalina, Santacruz (E), Mumbai 400 098 All other terms and conditions of the Scheme Information Document of the respective schemes, read with the addenda issued from time to time, will remain unchanged. NOTICE CUM ADDENDUM TO THE SCHEME INFORMATION DOCUMENT (SID) AND KEY INFORMATION MEMORANDUM (KIM) OF THE SCHEMES OF EDELWEISS MUTUAL FUND This addendum forms an integral part of the Scheme Information Document issued for respective schemes, read with the addenda. CUT-OFF TIME FOR APPLICABILITY OF NAV Please note that for Debt Schemes and Franklin India Debt Hybrid Fund, the cut-off timings as mentioned in notice-cum- Further to no�ce dated April 30, 2020 and SEBI le�er no. SEBI/HO/IMD/DF2/OW/P/2020/17288/1 dated October 15, 2020, the investors/ addendum dated April 30, 2020 will continue till further notice. unit holders of the Schemes of Edelweiss Mutual Fund (“the Fund”) are hereby informed that the cut-o� �ming for subscrip�on and This addendum is dated October 17, 2020. redemp�on for All Other Schemes of the Fund, except Edelweiss Liquid Fund, Edelweiss Overnight Fund and all other debt Schemes of the Fund shall be restored to the earlier applicable cut-o� �me of 3:00 pm w.e.f. October 19, 2020. For Franklin Templeton Asset Management (India) Pvt. Ltd. (Investment Manager of Franklin Templeton Mutual Fund) Investors are requested to the note that the exis�ng cut-o� �mings for Edelweiss Liquid Fund, Edelweiss Overnight Fund and all other debt Sd/- Schemes of the Fund shall con�nue for a temporary period,�ll further no�ce. Sanjay Sapre Accordingly, the SID/KIM of the Schemes of the Fund stand amended suitable to re�ect the change as stated above. President This no�ce-cum-addendum shall form an integral part of the SID/KIM of the Schemes of the Fund, as amended from�me to�me. All other *Received at the Official Points of Acceptance of Transaction of Franklin Templeton Mutual Fund on a Business Day for provisions and terms & condi�ons as stated in the SID/KIM shall remain unchanged. the respective scheme. Investors are requested to take note of the above. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. For Edelweiss Asset Management Limited (Investment Manager to Edelweiss Mutual Fund) Sd/- Place : Mumbai Radhika Gupta Date : October 17, 2020 Managing Director & CEO Mutual Funds For more informa�on please contact: Edelweiss Asset Management Limited (Investment Manager to Edelweiss Mutual Fund) Aditya Birla Sun Life Mutual Fund CIN: U65991MH2007PLC173409 Registered O�ce: Edelweiss House, O� C.S.T Road, Kalina, Mumbai - 400098 Corporate O�ce: 801, 802 & 803, 8th Floor, Windsor, O� C.S.T. Road, Kalina, Santacruz (E), Mumbai 400 098 Tel No:- 022 4093 3400 / 4097 9821 Toll Free No. 1800 425 0090 (MTNL/BSNL), Non Toll Free No. 91 40 23001181, Aditya Birla Sun Life AMC Limited (Investment Manager for Aditya Birla Sun Life Mutual Fund) Registered Office: One India Bulls Centre, Tower 1, 17th Floor, Jupiter Mill Compound, 841, S.B. Fax: 022 4093 3401 / 4093 3402 / 4093 3403, Website: www.edelweissmf.com Marg, Elphinstone Road, Mumbai - 400 013. Tel.: 4356 8000. Fax: 4356 8110/8111. CIN: U65991MH1994PLC080811 MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Record Date for Dividend NOTICE IS HEREBY GIVEN THAT the Trustees of Aditya Birla Sun Life Mutual Fund have approved Friday, October 23, 2020*, as the Record Date for declaration of dividend subject to availability of distributable surplus on the Record Date, in the following schemes: Dividend Rate (` per NAV as on Name of the Schemes Plans/Option unit # on face value October 16, of`10/- per unit) 2020 (`) Regular Plan - Dividend Aditya Birla Sun Life 0.032 10.8399 Arbitrage Fund Option (An open ended scheme investing Direct Plan - Dividend in arbitrage opportunities) Option 0.028 11.0803 Regular Plan - Dividend Aditya Birla Sun Life 0.11 19.43 Balanced Advantage Fund Option (An open ended Dynamic Asset Direct Plan - Dividend Allocation fund) Option 0.12 20.86 Aditya Birla Sun Life Frontline Equity Fund Regular Plan - Dividend (An open ended equity scheme Option 1.34 24.11 predominantly investing in large cap stocks) Aditya Birla Sun Life MNC Fund Regular Plan - Dividend (An open ended equity scheme Option 8.18 148.03 following the MNC theme in its investments) Aditya Birla Sun Life Income Fund Regular Plan - Dividend Option 0.63 12.6175 (An open ended medium term debt scheme investing in instruments such that the Direct Plan - Dividend Macaulay duration of the Option 0.66 13.1789 portfolio is between 4-7 years)

The NAV of the schemes, pursuant to payout of dividend would fall to the extent of payout and statuto� levy (if applicable). # As reduced by the amount of applicable statuto� levy. *or the immediately following Business Day if that day is a non-business day. All unitholders whose names appear in the Register of Unitholders / Beneficial owners under the dividend option of the said schemes as at the close of business hours on the Record Date shall be eligible to receive the dividend so declared.

For Aditya Birla Sun Life AMC Limited (Investment Manager for Aditya Birla Sun Life Mutual Fund) Sd/- Date: October 17, 2020 Authorised Signato� Place: Mumbai Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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Nippon Life India Asset Management Limited (formerly known as Reliance Nippon Life Asset Management Limited) (CIN - L65910MH1995PLC220793) Registered O�ce: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400 013. Tel No. +91 022 6808 7000 • Fax No. +91 022 6808 7097 • www.nipponindiamf.com NOTICE NO. 73 Restoration of normal cut o� timing of 3.00 p.m. in respect of certain schemes of Nippon India Mutual Fund With reference to Notice No. 9 dated April 30, 2020 and communication from SEBI to AMFI (Reference no. SEBI/HO/IMD/DF2/OW/P/2020/17288/1) dated October 15, 2020 on restoration of normal cut o� timing of 3.00 p.m. in respect of certain schemes, it has been decided that cut o� timings for applicability of NAV for both subscription and redemption of all schemes other than those categorized as Debt schemes and Conservative Hybrid Fund as per SEBI circular dated October 06, 2017 on Categorization and Rationalization of Mutual Fund Schemes shall be restored to the original cut-o� timings of 3.00 p.m. with e�ect from October 19, 2020. For Debt Schemes and Conservative Hybrid Fund, the existing reduced cut o� timings will be continued till further notice by RBI on the truncated market hours. Accordingly e�ective October 19, 2020, the cut o� timings for applicability of NAV of various categories of schemes shall be as mentioned below.

Sr. Scheme Category Cut off timings in Cut off timings in No. case of Subscription case of Redemption 1 Liquid and Overnight Funds 12.30 p.m. 1.00 p.m. 2 Debt and Conservative Hybrid 1.00 p.m. 1.00 p.m. Fund, other than Liquid and Overnight Funds 3 All schemes other than those 3.00 p.m. 3.00 p.m. mentioned above at Sr. No. 1 & 2 All other provisions of various SEBI Circulars related to applicability of NAV in case of both subscription and redemption shall remain unchanged. For NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED (formerly known as Reliance Nippon Life Asset Management Limited) (Asset Management Company for Nippon India Mutual Fund) Mumbai Sd/- October 17, 2020 Authorised Signatory Make even idle money work! Invest in Mutual Funds Nippon Life India Asset Management Limited Mutual Fund investments are subject to market risks, (Formerly known as Reliance Nippon Life Asset Management Limited) read all scheme related documents carefully. (CIN - L65910MH1995PLC220793) Registered O�ce: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), AXIS FINANCE LIMITED Mumbai - 400 013. Tel No. +91 022 6808 7000 • Fax No. +91 022 6808 7097 • www.nipponindiamf.com CIN: U65921MH1995PLC212675 Regd. Office: ‘Axis House’,Ground Floor, C-2, Wadia International Centre, P.B.Marg, Worli, Mumbai - 400025 NOTICE NO. 72 e Tel.: 022-2425 2525, Email ID : info@axisfinance.in, Website : www.axisfinance.co.in Record Dat UNAUDITED FINANCIAL RESULTS FOR HALF YEAR ENDED 30 SEPTEMBER 2020 October 23, 2020 (` in Lakhs) DIVIDEND DECLARATION Half year ending Corresponding half Previous year ended Sr. 30 September 2020 year ended 31 March 2020 Notice is hereby given that the Trustee of Nippon India Mutual Fund (“NIMF”) has approved declaration of dividend No. Particulars 30 September 2019 in the previous year on the face value of Rs. 10/- per unit in the undernoted scheme of NIMF, with October 23, 2020 as the record date: Reviewed Reviewed Audited Dividend NAV as on October 1 Total Income from Operations 48,223.35 51,133.65 1,00,018.39 Name of the Scheme(s) 2 Net Profit/(Loss) for the period (before Tax, (` per unit)* 15, 2020 (` per unit) Exceptional and/or Extraordinary items) 9,185.04 18,260.29 24,022.70 Nippon India Dual Advantage Fixed Tenure Entire distributable 3 Net Profit/(Loss) for the period before tax 11.9131 (after Exceptional and/or Extraordinary items) 9,185.04 18,260.29 24,022.70 Fund X - Plan F - Dividend Option surplus available in 4 Net Profit/(Loss) for the period after tax Nippon India Dual Advantage Fixed Tenure the scheme as on (after Exceptional and/or Extraordinary items) 6,744.19 12,123.04 16,349.35 12.2530 5 Total Comprehensive Income for the period Fund X - Plan F - Direct Plan - Dividend Option the Record date [Comprising Profit/(Loss) for the period (after tax) *Income distribution will be done/dividend will be paid, net of tax deducted at source, as applicable. and Other Comprehensive Income (after tax)] 6,746.27 12,102.15 16,315.93 6 Paid up Equity Share Capital 48,225.00 48,225.00 48,225.00 Pursuant to payment of dividend, the NAV of the Scheme will fall to the extent of payout, 7 Reserves (excluding Revaluation Reserve) 83,095.26 71,944.50 76,232.26 8 Net Worth* 1,20,377.97 1,14,999.49 1,15,932.51 and statutory levy, if any. 9 Paid up Debt Capital/Outstanding Debt 6,98,418.34 6,29,677.31 6,63,036.58 For units in demat form : Dividend will be paid to those Unitholders/Bene�cial Owners whose names appear in 10 Outstanding Redeemable Preference Shares - -- the statement of bene�cial owners maintained by the Depositories under dividend plan/option of the Scheme 11 Debt Equity Ratio 5.32 5.24 5.33 ` as on record date. 12 Earnings Per Share (of 10/- each) (for continuing and discontinued operations) All unit holders under the dividend plan/option of the above mentioned scheme, whose names appear on the 1. Basic: 1.40 2.51 3.39 register of unit holders on the aforesaid record date, will be entitled to receive the dividend. 2. Diluted: 1.40 2.51 3.39 For Nippon Life India Asset Management Limited 13 Capital Redemption Reserve -- - (Formerly known as Reliance Nippon Life Asset Management Limited) 14 Debenture Redemption Reserve** -- - 15 Debt Service Coverage Ratio# -- - (Asset Management Company for Nippon India Mutual Fund) 16 Interest Service Coverage Ratio# -- - Mumbai Sd/- ''IMPORTANT'' Authorised Signatory # Not required to be disclosed as per Regulation 52(4) of the SEBI (Listing and Other Disclosure October 17, 2020 Requirements) Regulations, 2015 Whilst care is taken prior to * Net Worth as per RBI guidelines ** NotApplicable Make even idle money work! Invest in Mutual Funds acceptance of advertising Notes: 1. The above is an extract of the detailed format of half yearly / annualfinancial resultsfiled with the Stock copy,itisnotpossible toverify Exchanges under Regulation 52 of the Listing Regulations. The full format of the half yearly/annualfinancial Mutual Fund investments are subject to market risks, read all scheme related documents carefully. results are available on the websites of the BSE Limited (www.bseindia.com) and Axis Finance Limited its contents. The Indian (www.axisfinance.co.in). 2. The abovefinancial results have been prepared in accordance with the requirements of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended read with SEBI Express (P) Limited cannot be Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated October 22, 2019 and SEBI Circular no. SEBI/HO/DDHS/DDHS/CIR/P/2019/167 dated December 24, 2019 (the "Regulations") and the IndianAccounting held responsible for such Standards ('IndAS') notified under Companies (IndianAccounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) Rules, 2016, prescribed under Section 133 of the Companies Act contents, nor for any loss or 2013 ('the Act') read with relevant rules issued thereunder and the other accounting principles generally accepted in India. Any application guidance/clarification/directions issued by the Reserve Bank of India or damage incurred as a result of other regulators are implemented as and when they are issued/applicable. 3. The abovefinancial results have been reviewed by the Audit Committee and approved by the Board of NOTICE-CUM-ADDENDUM NO. 19/2020-21 transactions with companies, Directors at its meeting held on October 16, 2020 and are reviewed by the statutory auditor, as required under Listing Regulations. NOTICE-CUM-ADDENDUM TO THE SCHEME INFORMATION DOCUMENT (“SID”) AND KEY INFORMATION MEMORANDUM (“KIM”) associations or individuals 4. During the quarter ended September 30, 2020, the Company received the certified copy of order from National OF VARIOUS SCHEMES OF BOI AXA MUTUAL FUND (“THE FUND”) AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”) Company Law Tribunal ('NCLT') approving the amalgamation of Axis Private Equity Ltd. with the Company, OF THE FUND advertising in its newspapers appointed date being April 1, 2017. Subsequently the Company allotted 15,00,000 equity shares to the shareholders of Axis Private Equity Ltd. The amalgamation qualifies as a 'common control transaction' and Change in the Cut-off timing for subscriptions / redemptions (including switch transaction) of schemes of the Fund* or Publications. We therefore has been accounted for using the Pooling of interest method as per Appendix C to Ind AS 103 - Business Combinations. Accordingly, thefinancial results for the earlier periods have been restated as if the business Investors are requested to note that further to our Addendum dated April 30, 2020 and pursuant to SEBI letter no. SEBI/HO/IMD/DF2/ recommend that readers combination had occurred with effect from April 1, 2019 irrespective of the actual date of acquisition and are OW/P/2020/17288/1 dated October 15, 2020, the cut off timings for applicability of NAV for both subscription and redemption (including switch not comparable with those reported earlier, in so far as it relates to the amounts included in respect of above transaction) for all schemes of BOI AXA Mutual Fund shall stand revised as hereunder w.e.f October 19, 2020. make necessary inquiries said amalgamation. Similarly, the value of paid up equity share capital has also been restated to make the Basic / Diluted Earnings per share comparable. Existing Cut-off timings Revised Cut-off timings 5. The company is engaged primarily in the business offinancing and accordingly, there are no separate Scheme Name Type of Transaction before sending any monies or (till October 18, 2020) (w.e.f October 19, 2020) reportable segments as per IndAS 108 - Operating Segment. entering into any agreements 6. A national lockdown was declared by Government of India with effect from March 24, 2020 as a result of the • BOI AXA Liquid Subscriptions (including switch in) 12:30 p.m. No change recent outbreak of Novel Corona Virus (COVID-19), which was further extended in phases up to May 31, 2020. The COVID-19 pandemic has resulted in significant decrease in the economic activities across the • BOI AXA Overnight Fund Redemptions (including switch out) 01:00 p.m. No change with advertisers or otherwise country and has also affected the Company's business operations due to such lockdown. Further in Debt Oriented Schemes: Subscriptions (including switch in#) 01:00 p.m. No change acting on an advertisement in accordance with RBI guidelines relating to "COVID-19 Regulatory Package" dated March 27, 2020 and May 23, 2020 ("RBI notifications"), the Company offered moratorium on payment of installments and/or interest, as • BOI AXA Credit Risk Fund Redemptions (including switch out) 01:00 p.m. No change any manner whatsoever. applicable, falling due between March 1, 2020 and August 31, 2020 to its eligible customers based on • BOI AXA Short Term Income Fund requests as well as on suo moto basis. Estimates and associated assumptions applied in preparing thesefinancial results, especially for determining • BOI AXA Ultra Short Duration Fund the impairment allowance for the Company'sfinancial assets (Loans and Investments), are based on • BOI AXA Conservative Hybrid Fund historical experience and other emerging/forward looking factors on account of the pandemic. The Company believes that the factors considered are reasonable under the current circumstances. The Company has used Equity Oriented Schemes: Subscriptions (including switch in) 01:00 p.m. 03:00 p.m. estimation of potential stress on probability of default and exposure at default due to Covid-19 situation in developing the estimates and assumptions to assess the impairment loss allowance onfinancial assets. • # BOI AXA Large & Mid Cap Equity Fund Redemptions (including switch out ) 01:00 p.m. 03:00 p.m. Though the lockdown has been lifted albeit with restrictions, operations and economic activities have not yet • BOI AXA Tax Advantage Fund returned to normalcy. Given the dynamic nature of the pandemic situation, these estimates are subject to uncertainty and may be affected by severity and duration of the pandemic. In the event the impacts are more • BOI AXA Small Cap Fund severe or prolonged than anticipated, this will have a corresponding impact on the carrying value offinancial • BOI AXA Manufacturing & Infrastructure Fund assets, thefinancial position and performance of the Company. The Company holds adequate impairment allowances as at September 30, 2020, against potential impact of • BOI AXA Multi Cap Fund COVID-19 based on the information available at this point in time. • BOI AXA Mid & Small Cap Equity & Debt Fund The Company has not approached any of its lender banks for extending moratorium on payment of installments and/or interest. Based on the internal assessment undertaken, the Company believes it has • BOI AXA Arbitrage Fund sufficient liquidity to honour its liabilities due over the next 12 months. The Company is also in compliance with • BOI AXA Equity Debt Rebalancer Fund the covenants stipulated by its lenders. 7. In terms of requirement as per RBI notification no. RBI/2019-20/170 DOR (NBFC).CC.PD.No.109/ 22.10.106/ #Investor are requested to note that the cut-off timing for switch transactions from equity oriented schemes to debt oriented schemes irrespective 2019-20 dated March 13, 2020 on Implementation of Indian Accounting Standards, Non-Banking Financial of the value of the transaction will be 1.00 p.m. further, it is clari�ed that any switch transaction from equity oriented schemes to debt oriented Companies (NBFCs) are required to create an impairment reserve for any shortfall in impairment allowances under Ind AS 109 - Financial Instruments and Income Recognition, Asset Classification and Provisioning schemes received after 1.00 p.m. will be processed on the next business day for both the schemes. ('IRACP') norms (including provision on standard assets). The impairment allowances under Ind AS 109 - *Further, all other provisions pertaining to applicability of NAV (as prescribed in the SID/KIM of the respective schemes) in case of both Financial Instruments, made by the Company exceeds the total provision required under IRACP (including standard asset provisioning), as at September 30, 2020 and accordingly, no amount is required to be transferred subscription and redemption shall remain unchanged. to impairment reserve. This Notice-cum-Addendum forms an integral part of the SID/KIM/SAI of various schemes of the Fund (collectively documents). All other terms 8. The Company is a non-deposit accepting non-bankingfinance company or NBFC-ND-SI registered with and conditions appearing in the documents being modi�ed through this addendum remain unchanged. Reserve Bank of India (RBI) and hence in terms of Listing Regulations is exempted from the requirement of disclosure of certain line of items as mentioned in Regulation 52(4). For BOI AXA Investment Managers Private Limited 9. For the items referred in sub-clauses (a), (b), (d) and (e) of Regulation 52(4) of the Listing Regulations, the (Investment Manager for BOI AXA Mutual Fund) pertinent disclosures have been made to the BSE Limited and can be accessed on www.bseindia.com. Place : Mumbai Sd/- 10.Previous period / yearfigures have been regrouped / rearranged wherever necessary to conform to the current period / yearfigures. Date : October 17, 2020 Authorised Signatory For and on behalf of Board of Directors AXIS FINANCE LIMITED Sd/- Place: Mumbai Bipin Kumar Saraf Date: 16 October 2020 Managing Director & CEO

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SAMASTA MICROFINANCE LIMITED Aarti Drugs Limited CIN: U65191KA1995PLC057884 CIN: L37060MH1984PLC055433 Registered Office: No.110/3, Lalbagh Main Road, Krishnappa Layout, Bangalore - 560027. Regd. Off.: Plot No. N-198, MIDC, Tarapur, Village Website: www.samasta.co.in, Tel: 080 4291 3500 Pamtermbhi, Dist. Palghar- 401 506, Maharashtra Tel: (022) 2404 8199 Website: www.aartidrugs.co.in Email ID: [email protected] Statement of Standalone Financials Results for the Half Year ended September 30, 2020 Rs. NOTICE Canara Robeco Mutual Fund Sl. Half Year Ended Year Ended Pursuant to Regulation 29 read with Regulation 47 of the SEBI (Listing Obligations and Particulars September 30,2020 Sep.30 .2019 March 31.2020 March 31.2019 Investment Manager : Canara Robeco Asset Management Co. Ltd. No. Disclosure Requirements) Regulations, 2015, Notice is hereby given that the Meeting of Unaudited Unaudited Audited Audited Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001. the Board of Directors of the Company will be held on Friday, October 23, 2020, to consider, Tel.: 6658 5000 Fax: 6658 5012/13 www.canararobeco.com CIN No.: U65990MH1993PLC071003 1 Total Income from Operations 2,95,36,52,896 2,63,39,34,672 5,74,82,46,402 3,33,65,21,901 approve and to take on record the Statement of Audited Financial Results (Standalone & 2 Net Profit / (Loss) for the period (before Tax, Consolidated) for the Quarter and Half year ended September 30, 2020. NOTICE NO. 34 Exceptional and/or Extraordinary items) 40,52,73,613 83,62,80,271 1,43,43,18,913 72,43,06,068 This intimation is also available on the Company's website at www.aartidrugs.co.in and 3 Net Profit / (Loss) for the period before tax may also be accessed on the website of the Stock Exchanges, BSE Limited at Declaration of dividend in Canara Robeco Mutual Fund Schemes: (after Exceptional and/or Extraordinary items) 40,52,73,613 83,62,80,271 1,43,43,18,913 72,43,06,068 www.bseindia.com and National Stock Exchange of India Ltd. at www.nseindia.com. Notice is hereby given that the Board of Trustees of Canara Robeco Mutual Fund has declared dividend in 4 Net Profit / (Loss) for the period after tax For Aarti Drugs Limited the following schemes, subject to availability of distributable surplus: Sd/- (after Exceptional andor Extraordinary items) 32,37,96,947 60,54,21,440 1,07,30,35,324 53,20,91,679 Scheme Name Investment Option Dividend Face Value NAV Per Unit Place : Mumbai Rushikesh V. Deole 5 Total Comprehensive Income for the period (` Per unit) (` per unit) as on Dated : 17.10.2020 Company Secretary [Comprising Profit/(Loss) for the period (after 16.10.2020 tax) and Other Comprehensive Income (after tax)] 32,79,29,611 60,33,46,440 1,06,80,24,587 52,77,33,291 6 Paid up Equity Share Capital 2,64,24,51,400 2,07,74,79,660 2,64,24,51,400 1,78,03,91,130 Canara Robeco Equity Regular Plan - Dividend Option 2.95 10.00 36.4000 Diversi�ed Fund 7 Reserves (excluding Revaluation Reserve) 2,77,70,32,105 1,69,16,49,277 2,44,91,02,494 88,53,91,371 Direct Plan - Dividend Option 4.20 10.00 52.0900 8 Net worth 5,41,94,83,505 3,76,91,28,937 5,09,15,53,894 2,66,57,82,501 Canara Robeco 9 Paid up Debt Capital / Outstanding Debt 27.94% 40.85% 28.75% 37.74% Regular Plan - Monthly Dividend Option 0.10 10.00 13.6134 Conservative 10 Outstanding Redeemable Preference Shares - -- - Hybrid Fund Direct Plan - Monthly Dividend Option 0.10 10.00 15.0801 11 Debt Equity Ratio 4.79 3.81 3.95 6.20 12 Earnings Per Share (of Rs. 10/- each) (for Canara Robeco Regular Plan - Monthly Dividend Option 0.06 10.00 15.4763 Short Duration Fund continuing and discontinued operations) - - Direct Plan - Monthly Dividend Option 0.06 10.00 16.9345 1. Basic: 1.23 3.39 5.47 3.86 2. Diluted: -- -- Canara Robeco Regular Plan - Monthly Dividend Option 0.67 10.00 75.8000 Equity Hybrid Fund 13 Capital Redemption Reserve Direct Plan - Monthly Dividend Option 0.60 10.00 85.4100 14 Debenture Redemption Reserve -- -- 15 Debt Service Coverage Ratio NA NA NA NA Pursuant to payment of dividend, the NAV of the dividend option of the schemes 16 Interest Service Coverage Ratio NA NA NA NA would fall to the extent of payout and statutory levy (if any). By order of the Board Record Date for the purpose of distribution of dividend is 23rd October, 2020 or the next business day if the For Samasta Microfinance Limited record date happens to be a non-business day.All unit holders, under the abovementioned Plan/Option, whose Sd/- names appear on the register of unit holders of the Scheme as on the record date, are eligible for the dividend. Venkatesh. N The Dividend declared out of the Distributable Surplus of the abovementioned Schemes will be paid net Date : October 16, 2020 Managing Director of tax deducted at source (TDS) as applicable, to those unit holders whose names appear in the register of Place : Bangalore DIN: 01018821 unit holders as on the Record Date. Declaration of dividend is subject to availability of distributable surplus on the record date/ex-dividend date. In case the distributable surplus is less than the quantum of dividend on the record date/ex-dividend date, the entire available distributable surplus in the Scheme/plan will be declared as dividend. In view of individual nature of tax consequences, each investor is advised to consult his/her own professional ADDENDUM �nancial/tax advisor. THIS NOTICE CUM ADDENDUM SETS OUT THE CHANGES TO BE MADE IN THE STATEMENT Unitholders are requested to visit www.canararobeco.com to claim their amounts remaining unclaimed OF ADDITIONAL INFORMATION (“SAI”), SCHEME INFORMATION DOCUMENT (“SID”) AND KEY or unpaid and follow the prescribed procedure therein. INFORMATION MEMORANDUM (“KIM”) OF ALL THE SCHEMES OF JM FINANCIAL MUTUAL FUND For and on behalf of Canara Robeco Asset Management Company Ltd. (THE “FUND”) (Investment manager for Canara Robeco Mutual Fund) Change in cut off timings for applicability of NAV for Equity and Hybrid Schemes of the Mutual Fund. Date: 17-10-2020 sd/- In accordance with the direction received from Securities and Exchange Board of India (“SEBI”) from time Place: Mumbai Authorised Signatory to time and in continuation to our notice cum addendum no. 1/2020-21 dated April 6, 2020 and notice cum Mutual Fund investments are subject to market risks, read all scheme related documents carefully. addendum no. 6/2020-21 dated May 1, 2020, notice is hereby given regarding change in cut-off timings for applicability of Net Asset Value for purchase and redemption for all open ended schemes of JM Financial Mutual Fund (“Fund”). In this regard, investors are required to note that in line with the directions received from SEBI on October 15, 2020, the cut off timings of all the open ended schemes (other than debt schemes and conservative hybrid scheme) of the Fund has been restored to the normal/ original cut-off timings of 3.00 p.m. in respect of purchase and redemption with effect from Monday, October 19, 2020. The revised timings are as follows: Scheme Type Transaction Type Existing Revised Cut off Cut off time (w.e.f. time October 19, 2020) All Equity schemes/ existing Hybrid Subscription/ Redemption 1.00 p.m. 3.00 p.m. Schemes (i.e. JM Arbitrage Fund/ JM Equity Hybrid Fund) of the Fund Switches 1.00 p.m. 3.00 p.m. All Debt Schemes of the Fund Subscription/ Redemption/ 1.00 p.m. No change Switches Liquid and Overnight schemes of Subscription 12.30 p.m. No change the Fund Redemption/ Switches 1.00 p.m. No change

Authorised Signatory Place : Mumbai JM Financial Asset Management Limited Date : October 16, 2020 (Investment Manager to JM Financial Mutual Fund) For further details, please contact : JM Financial Asset Management Limited (Formerly known as JM Financial Asset Management Private Ltd.), Registered Office: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025. Corporate Office:Office B, 8th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Corporate Identity Number: U65991MH1994PLC078879. • Tel. No.: (022) 6198 7777 • Fax No.: (022) 6198 7704. • E-mail: investor@jmfl.com • Website : www.jmfinancialmf.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully. REF No. 20/2020-21

ICICI Prudential Asset Management Company Limited Corporate Identity Number: U99999DL1993PLC054135

Registered Office: 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi - 110 001. Corporate Office: One BKC, 13th Floor, Bandra Kurla Complex, Mumbai - 400 051. Tel.: +91 22 2652 5000, Fax: +91 22 2652 8100, Website: www.iciciprumf.com, Email id: [email protected] Central Service Office:2 nd Floor, Block B-2, Nirlon Knowledge Park, Western Express Highway, Goregaon (E), Mumbai - 400 063. Tel.: 022 2685 2000 Fax: 022 26868313 Notice-cum-addendum to the schemes of ICICI Prudential Mutual Fund (the Fund) Further to our addenda numbered 004/04/2020, 010/04/2020 and 001/05/2020, investors are requested to take note of the cut off timings applicable for subscription and redemption under the schemes of the Fund with effect from October 19, 2020 (Effective Date): I. For Debt schemes and Conservative Hybrid schemes ICICI Prudential Long Term Bond Fund, ICICI Prudential Corporate Bond Fund, ICICI Prudential Ultra Short Term Fund, ICICI Prudential Floating Interest Fund, ICICI Prudential Medium Term Bond Fund, ICICI Prudential Savings Fund, ICICI Prudential Credit Risk Fund, ICICI Prudential Banking & PSU Debt Fund, ICICI Prudential Money Market Fund, ICICI Prudential Liquid Fund, ICICI Prudential Liquid ETF, ICICI Prudential All Seasons Bond Fund, ICICI Prudential Short Term Fund, ICICI Prudential Bond Fund, ICICI Prudential Gilt Fund, ICICI Prudential Overnight Fund, ICICI Prudential Constant Maturity Gilt Fund, ICICI Prudential Regular Savings Fund, ICICI Prudential Retirement Fund (Pure Debt Plan) and ICICI Prudential Retirement Fund (Hybrid Conservative Plan) Applicable cut off timings: In case of subscription (including switch-in) In case of Redemption (including switch-out) - For Liquid* and Overnight Funds - - For Liquid* and Overnight Funds - 12:30 p.m. 01:00 p.m. - For other than Liquid and Overnight - For other than Liquid and Overnight Funds - 01:00 p.m. Funds - 01:00 p.m. *including Liquid ETF II. Other schemes For all other schemes, the cut off timing applicable for subscription (including switch-in) and redemption (including switch out) shall be 3.00 p.m. It may be noted that in case of switches from the aforesaid ‘Other schemes’ to any of the Debt and Conservative Hybrid schemes (other than Liquid* and Overnight Funds) mentioned above, the cut off timing applicable shall be 1.00 p.m. All other provisions related to applicability of NAV in case of both subscription and redemption shall remain unchanged. This Notice-cum-addendum forms an integral part of the SID/KIM/addenda of the Schemes, as amended from time to time. For ICICI Prudential Asset Management Company Limited Place : Mumbai Sd/- Date : October 17, 2020 Authorised Signatory No. 006/10/2020 To know more, call 1800 222 999/1800 200 6666 or visit www.iciciprumf.com As part of the Go Green Initiative, investors are encouraged to register/update their e-mail id and mobile number to support paper-less communications. To increase awareness about Mutual Funds, we regularly conduct Investor Awareness Programs across the country. To know more about it, please visit https://www.iciciprumf.com or visit AMFI’s website https://www.amfiindia.com Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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NOTICE FOR INVITING BIDS

MAGNUM VENTURES LIMITED CIN: L21093DL1980PLC010492 Regd. Office: Office No. 205, 2nd Floor, Building No. 4326 Street No. 3, Ansari Road Darya Ganj, New Delhi - 110002 CLASSIFIED CENTRES IN MUMBAI Tel: 0120-4199200 Fax: 0120-4199234 E-mail: [email protected] Website: www.magnumventures.in Budhkar Publicity Pvt. Ltd., K. Parth Publicity, NOTICE Kalyan (W). Ghatkopar (E), In view of the continuing Covid-19 Pandemic, the Ministry of Corporate Affairs (MCA) has Phone : 0251 – 2205995 Phone : 2501 3939 / 2501 2323 vide its circular dated May 5, 2020 read with circulars dated April 8, 2020 & circular dated Mobile : 9322400262 Sanjeevani Advtg. April, 13th 2020 permitted the holding of AGM through Video Conference or Other Audio- Kanjurmarg, LBS Marg, Visual Means (OAVM). In compliance with these Circulars and the relevant provisions of Dimensions Advertising, the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Dombivli (E) . Phone: 022-25776168 Phone : 0251-2445074 Mobile: 9819091044 Regulations, 2015, the upcoming AGM of the Company will be held on November 10th, Mobile : 9322597885 2020 at 11:00 a.m. through VC/OAVM. Sandip Advtg. Bhandup As per aforesaid circulars, the Notice of AGM along with the Annual Report for FY 2019- Prabhakar Advertisers, (W), Phone: 022-25946518 2020 has to be sent only by electronic mode to those Members whose E-mail Id are already Dombivli (E). Mobile: 9820750922 registered with the Company/ Depositaries. The Company is also providing e-voting and Phone : 0251-2448917 remote e-voting facility to all its Members similar to earlier practices. Mobile : 9819575111 Mahesh Advertising & Designing, Radha Advertising, Mulund (W), If your email ID is already registered with the Company/ Depositary, Notice of AGM along Dombivli (E). Phone : 25622469 / 25682469 with annual report for FY 2019-2020 and login details for e-voting shall be sent to your Mobile : 9920909141 registered email address. In case you have not registered your email ID with the Company/ 9833555898 Pratik Advertising, Depositary, please follow below instructions to register your email ID for obtaining Annual Mulund (W). Report for FY2019-2020 and login details for e-voting. Bajaj Publicity Phone : 25911666 Dombivli (E) Mobile : 9821154666 Physical Send a request to Registrar and Transfer Agents of the Company, MAS Miblie : 9320962437 Holding Services Limited at [email protected] providing Folio number, Name of the Shree Mahapragya shareholder, scanned copy of the share certificate (Front and Back), PAN( Y.B.Kulkarni Advertising, Mulund (E) Dombivali (W). Phone: 21634727 Self attested scanned copy of PAN Card), AADHAR ( Self attested scanned Phone : 0251 – 2480136 Mobile: 9930350884 copy ofAadhar Card) for registering email address. Mobile : 9821467209 Synthesis Communications Please send your bank detail with original cancelled cheque to our RTA (i.e. Pinky Advertising, Mulund (E) MAS Services Limited,T-34 2ndfloor, Okhla industrial area phse-ii, New Delhi Ambernath (E), Phone: 25638364/65 10020 alongwith letter mentioning folio no. if not registered already.) Mobile : 9322681423 Riyo Advertising, PLEASE UPDATETHE SAME ON OR BEFORE 19/10/2020 Ghatkopar (W), Demat Please contact your Depositary Participant (DP) and register your email Ambition Advertising, Phone : 67704000/ 6500 Ghatkopar (E), Mobile : 9821306406 Holding address as per the process advised by DP. Phone : 24210792 / 94. Please also update your bank detail with your DP for dividend payment by Sadguru Advertising, NACH if declare by company. Dattaguru Advertising Vikhroli (W), Ghatkopar (W), Phone : 6128 6128 PLEASE UPDATETHE SAME ON OR BEFORE 19/10/2020 Mobile: 9870528143 Mobile : 9820319546 The Notice of AGM and Annual Report for FY 2019-2020 will also be available on Company's website @ www.magnumventures.in and website of BSE Limited at www.bseindia.com. Members attending the meeting through VC/ OAVM shall be counted for the purpose of Quorum under Section 103 of the CompaniesAct, 2013. For Magnum Ventures Limited Sd/- Place: Ghaziabad Pardeep Kumar Jain Date: 16.10.2020 Managing Director

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