US equities end sharply lower


New York, April 22 | US equities ended sharply lower on Tuesday as Monday’s steep sell-off in oil futures rattled investors.

The Dow Jones Industrial Average plunged 631.56 points, or 2.67 per cent, to 23,018.88. The S&P 500 decreased 86.6 points, or 3.07 per cent, to 2,736.56. The Nasdaq Composite Index fell 297.5 points, or 3.48 per cent, to 8,263.23, Xinhua reported.

All 11 primary S&P 500 sectors closed lower, with technology down 4.1 per cent, the worst-performing group.

Oil futures continued to struggle on Tuesday, following a historic drop in the previous session.

The West Texas Intermediate for May delivery rebounded to positive territory on Tuesday, its expiration day. Prices crashed to an unprecedented settlement of -37.63 USD a barrel on Monday.

The new front-month June contract plunged more than 43 per cent to close at $11.57 a barrel on Tuesday, and the international benchmark Brent crude also tumbled.

Traders paid close attention to the bizarre movement in oil futures as they grew concerned that deep losses for the energy industry would hit the US economy even further, experts noted.

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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