Equities trade flat after gap-down opening


Mumbai, April 16 | The Indian equity market pared major losses to trade on a flat-to-negative note, as weakness continued across global stock markets.

The BSE Sensex fell over 300 points during the initial trade to touch an intra-day low of 30,016.17 points.

Around 11.05 a.m., it was trading at 30,311.57, lower by 68.24 points or 0.22 per cent from its previous close of 30,379.81

It had opened at 30,095.51 and has so far touched an intra-day high of 30,473.84 points.

The Nifty50 on the National Stock Exchange (NSE) was trading at 8,919.45, lower by 5.85 points or 0.07 per cent from its previous close.

The investor sentiments have been weak off late due to the near standstill in the economy on the back of the coronavirus crisis and the nationwide lockdown. Further, bleak outlook of both global and Indian economy has also weighed on the investor sentiments.

International Monetary Fund’s World Economic Outlook (WEO) report recently released by Chief Economist Gita Gopinath expects presents a dark picture of the world with the global economy shrinking by 3 per cent this year.

Also, with the extension of the nationwide lockdown till May 3, a Barclays report has projected that India’s GDP will stagnate and not grow at all during the calendar year 2020.

Source: IANS

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Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Drummi Bhatt has successfully donned many hats including that of a global strategy professional, mentor, and investor to early-stage startups encouraging women entrepreneurship, and a philanthropist.

Drummi currently leads Market Intelligence and Strategy team at Mitsubishi Power, USA building corporate-level strategies for global markets. Drummi is also the founder of KarmaKonnect, a Woman and Rural Empowerment Non-Profit Organisation which works for projects in remote rural, tribal, and conflict areas.

Her philanthropy work has taken her to various corners of India, including, far end corners of Leh, Ladakh, Telangana, and remote areas of Chambal. During these visits, she got mesmerized by culturally rich, vernacular, and diverse, the true “Bharat”.

During her interaction across the country, she got enchanted by the whirlwind of talent residing across Bharat, which is not restricted to a language, city, or just tier-1 cities but is found in abundance all across tier-2, tier-3 cities, and rural-tribal clusters.

With OTT platforms ruling the world in 2020, Drummi decided to bring her strategic insights and data analytics strength to this field by joining hands with seasoned entrepreneurs, Rahul Narvekar and Narendra Firodia, to launch its kind, vernacular OTT platform, Letsflix.

In 2019, Drummi, Rahul, and Narendra have successfully launched India’s first vernacular infotainment app, LetsUp, which now caters to 1.5 million users and in 7 vernacular languages, a feat achieved by none. The trio has now been passionately working towards creating and delivering vernacular content for every viewer in India with Letsflix.


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