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Mumbai, Renowned film art director <keyword id="194218" type="General" weightage="50" keywordseo="nitin-desai" source="Orion">Nitin Desai</keyword>, who created sets for blockbuster films such as "Hum Dil De Chuke Sanam" and "Lagaan", was found hanging on Wednesday at his studio in Maharashtra's Raigad district neighbouring Mumbai, a senior police official said. Prima facie, it seems to be a case of suicide, the official said, adding they are investigating the case from all angles. "Desai's body was found hanging with a rope in the morning at the N D Studios," Raigad Superintendent of Police Somnath Gharge said. The studio is located in the Karjat area of Raigad, about 50 km from Mumbai. After being alerted, police rushed to the spot, the official said. The police are investigating the case from all possible angles, Gharge said. Desai, who was in his late 50s, served as art director and production designer for a number of Bollywood and Marathi movies. He was also known for his art work in films such as "Jodhaa Akbar" and "Prem Ratan Dhan Payo". The art director's death sent shock waves across the industry with film personalities such as Hema Malini, Riteish Deshmukh, Siddhartha Basu, and Neil Nitin Mukesh mourning Desai's passing. Actor-politician Hema Malini said Desai's death was a "terrible loss" to the film industry. "Such a warm human being, associated with many of my projects and ballets... May he find peace wherever he is," she tweeted. Neil said it is difficult to accept the heartbreaking news of Desai's death. The late art director worked on "Jail", the 2009 film starring the actor. "Our beloved #nitindesai has left for his heavenly abode. He was simply a genius. A visionary artist with grace, style who understood not just his craft but people. He was a positive soul who spread only love to all. My God give his family strength. Om Shanti," he wrote on the microblogging site. Basu, who worked with Desai on popular reality shows such as "Kaun Banega Crorepati" and "Dus Ka Dum", said he was shocked to hear about the passing of his "friend and artistic collaborator". "He made sets for so many of our shows - KBC, Kamzor Kadi, Heartbeat, Bluffmaster, Dus ka Dum, Sach ka Saamna.. Conjuring world class installations on an industrial scale. Om shanti," Basu wrote on Twitter, which was recently rebranded as X. In his career spanning over 30 years, Desai closely worked with directors like Vidhu Vinod Chopra, Sanjay Leela Bhansali, Rajkumar Hirani, and Ashutosh Gowariker.

'Lagaan' art director Nitin Desai found hanging at his studio near Mumbai

<ul><li>Disney+ Hotstar has collaborated with MediaMath, a Demand-Side Platform (DSP).</li><li>This association enables advertisers and agencies to measure reach and frequency on Disney+ Hotstar’s <keyword id="2520956" type="PERSON" weightage="20" keywordseo="programmatic">programmatic</keyword> inventory in a trusted, and brand-safe environment.</li><li>With this offering, brands can purchase premium inventory on Disney+ Hotstar through Programmatic Guaranteed (PG) and Private Marketplace (PMP) deals to reach India’s affluent, urban audiences via a multitude of ad formats that suit their marketing objectives.</li></ul>Disney+ Hotstar has collaborated with MediaMath, a Demand-Side Platform (DSP) that delivers the most responsive, accountable, and performant advertising technology for brands to buy <keyword id="10377443" type="UNKNOWN" weightage="20" keywordseo="addressable-media">addressable media</keyword>. This association enables advertisers and agencies to measure reach and frequency on Disney+ Hotstar’s programmatic inventory in a trusted, and brand-safe environment. With this offering, brands can purchase premium inventory on Disney+ Hotstar through Programmatic Guaranteed (PG) and Private Marketplace (PMP) deals to reach India’s affluent, urban audiences via a multitude of ad formats that suit their marketing objectives. The platform’s massive reach and sharp targeting options extend an incredible opportunity for brands, especially regional players, to tap the right audience whether on live sports or entertainment. Nitin Bawankule, President, Ad Sales, <keyword id="8934848" type="COMPANY" weightage="20" keywordseo="Star-Disney-India">Star &amp; Disney India</keyword> said, “We are committed to enabling marketers and agency partners to reach new and existing audiences at scale and build incremental reach. By activating audience-based buying in a private programmatic environment, brands can target precise, highly engaged audience cohorts, exercise more control with transparency, and attain higher visibility of their campaigns. MediaMath offers a cutting-edge technology platform and this association will help us offer efficient programmatic advertising solutions to clients.” “OTT is a critical and fast-growing channel for driving addressability, and our association with Disney+ Hotstar helps us offer a forward-looking, sophisticated programmatic setup," said <keyword id="10377444" type="PERSON" weightage="20" keywordseo="pranjal-desai">Pranjal Desai</keyword>, Country Manager India, MediaMath. “Disney+ Hotstar has already established itself as the largest [AR4] player in the OTT space, and this collaboration has been the natural next step in making media buying on OTT a more streamlined, efficient and accountable process.” Speaking about the Disney+ Hotstar Marketing Platform and the possibilities, Umesh Krishna, Director - Marketing, Swiggy said, "Swiggy and Disney+ Hotstar have had a long association, especially when it comes to cricket. In fact, food and video-on-demand are categories that go hand-in-hand, and they both cater to similar psychographics. Having tried out programmatic campaigns on the Disney+ Hotstar Marketing Platform recently, we are extremely pleased about the scale and targeting options that it offers us. I am confident that it can serve our various marketing goals effectively." <keyword id="267001" type="PERSON" weightage="20" keywordseo="Amardeep-Singh">Amardeep Singh</keyword>, Co-Founder &amp; CEO, <keyword id="179255" type="COMPANY" weightage="20" keywordseo="Interactive-Avenues">Interactive Avenues</keyword> said, "We are looking forward to programmatically accessing India’s most premium and brand-safe video inventory on Disney+ Hotstar via MediaMath – the leading independent DSP in the country. This is an offering that the market has been waiting for quite some time now. Interactive Avenues works extensively with both MediaMath and Disney+ Hotstar and we are very excited for this offering which will help us to further augment our promise to our clients to give them the best ROI on their investments." Additionally, buyers can access other key features such as viewability measurement, frequency-capping, and real-time analytics. With Disney+ Hotstar, brands can reach India’s affluent, urban audiences via a multitude of ad formats that suit their marketing objectives. The platform’s massive reach and sharp targeting options extend an incredible opportunity for brands, especially regional players, to reach the right audience whether on live sports or entertainment.

Disney+ Hotstar collaborates with MediaMath to offer audience-based marketing in a private programmatic environment

India has the second largest road network in the world at 4.7 million km. Prime Minister <keyword id="6354477" type="PERSON" weightage="80" keywordseo="Narendra-Modi">Narendra Modi</keyword> has outlined a new model of infrastructural development in the country for creating a well-connected Digital India. A <keyword id="2770487" type="UNKNOWN" weightage="80" keywordseo="Tech-savvy-road-network">tech-savvy road network</keyword> is probably the first step towards digitalisation. In order to unify the separate projects for road, highways and ports along with other technology-based initiatives, Minister of Road Transport and Highways of India <keyword id="26680" type="PERSON" weightage="80" keywordseo="Nitin-gadkari">Nitin Gadkari</keyword> is building up a special 10-member task force which also includes former Infosys CFO <keyword id="6491998" type="PERSON" weightage="80" keywordseo="Mohandas-Pai">Mohandas Pai</keyword>. The information was revealed in an Economic Times report. 

	This task force will be headed and chaired by Gadkari. Former IT secretary for Andhra Pradesh Sanjay Jaju, partner at Ekam Consulting Abhijit Purushottam Desai, Prashant Pole who is a director at Disha Consultants, and Girish Srivastava, a policy and strategy consultant are also the part of this task force.
 

	This new team will work on new strategies under a four-year plan, people familiar with the developments informed ET. They further said that the second meeting of the group is slated to be held in the first week of April, adding that the first meeting was on March 9.
 

	According to Jaju, who is director of National Highways Infrastructure Development Corporation, "We are building an enterprise architecture and architecture for the ministry to bring together all these disparate projects in a unified form. Certain new initiatives are also planned."
 

	Requesting anonymity, the third person told ET, "The task force's main agenda of the task force is to make sure that all IT initiatives are put under a proper governance mechanism and there is synergy between the various components."
 

	"Two main things that are being worked upon right now are INAMPRO and PACE (Project Appraisal and Continuing Enhancements) - it is an MIS system for roads and highways." Jaju told ET.

	(Image: The Economic Times)

Former Infy CFO, Mohandas Pai, to help Govt create a tech-savy road network

Long stints in electoral politics and past experience in handling key government departments are the hallmarks of Congress-NCP-Shiv Sena legislators who took oath as ministers along with Maharashtra Chief Minister Uddhav Thackeray at the Shivaji Park here on Thursday evening. Thackeray is heading a coalition government, the Maha Vikas Aghadi (MVA), whose main constituents are the Sena, the Congress and the NCP. <keyword id="6360285" type="PERSON" weightage="20" keywordseo="chhagan-bhujbal">Chhagan Bhujbal</keyword>, Jayant Patil (both from the NCP), Balasaheb Thorat and Nitin Raut (both from the Congress), Eknath Shinde and Subhash Desai (both from the Sena) took oath as ministers along with Thackeray. Chhagan Bhujbal: Bhujbal (72) is a veteran figure in Maharashtra politics, who has the rare distinction of being associated with all the three major non-BJP parties in the state. A senior Nationalist Congress Party (NCP) leader, Bhujbal had been a member of both the Shiv Sena and the Congress at different times. Taking over as a minister is a sort of revival of his political fortunes after spending two years in jail since March 2016 in a money laundering case when the BJP-led government was in power. Bhujbal, who represents the OBC community, cut his political teeth in the Shiv Sena. He served as the Mayor of Mumbai, a Sena bastion, two times - 1985-86 and 1990-91. He quit the Sena in 1991, causing quite a stir in state politics, and joined the Congress. Bhujbal resigned from the Congress in 1999 and sided with Sharad Pawar who formed the NCP the same year. He became deputy chief minister in December 2008 and held key portfolios such as home affairs and public works in the Congress-NCP government. Jayant Patil: Jayant Patil (57) is perceived as a leader with a clean image. He took charge of the NCP's Maharashtra unit replacing Sunil Tatkare in April 2018, ahead of the crucial Lok Sabha and state Assembly polls. The NCP retained its tally in the 2019 April Lok Sabha election and fared better in the October Assembly polls, but the credit largely went to his boss, Pawar. Being part of a motley alliance of once-rival and ideologically divergent parties, Patil, known for composed demeanour, will be one of the key leaders who will be seen doing the trapeze act to ensure the three-party government sustains. Patil, son of well-known Maharashtra leader the late Rajaram Patil, held key portfolios like finance, home and rural development from 1999 to 2014 when the Congress-NCP combine ruled the state. Eknath Shinde: Shinde (55) is the most prominent face of the Sena in the adjoining Thane city from where has been elected consecutively four terms to the assembly. Considered a troubleshooter in the Sena, Shinde was the PWD minister in the previous BJP-led government (2014-19. Subhash Desai: One of the confidants of Uddhav Thackeray, Desai (77) is currently an MLC. The senior-most member of the cabinet had been a member of the assembly three times. Now serving his third term in the upper house of the legislature, Desai was the industries minister in the 2014-19 BJP-Sena government. Balasaheb Thorat: Congress leader Balasaheb Thorat (66) took charge of the party's state unit at a difficult time. When Thorat became the Maharashtra Congress chief in July this year, the party was already staring down the barrel after its Lok Sabha poll debacle in the state, once its citadel. It could win only one seat in the general election and was relegated to inferior position than its ally, the NCP. The Congress (44) though fared better in the Assembly elections, winning two more seats than its 2014 tally. The result may not be satisfactory for the party, which led the state several times in the past, a trusted lieutenant of the party's central leadership, Thorat ensured proper co-ordination in the state unit hit by factionalism. Thorat, known for maintaining a low profile, was first elected as an MLA from Sangamner in 1985 as an independent. In 1990, he contested Assembly poll on a Congress ticket and this is his eighth term as a legislator. He became a minister of state in 1999 and was promoted as a cabinet minister in 2004. The Congress legislature party leader has held revenue, agriculture, water conservation and protocol portfolios in the past. Nitin Raut: A key leader of the Congress from its erstwhile bastion of Vidarbha in eastern Maharashtra, Raut (62) is a four-term MLA. He is national chairman of the Congress's Scheduled Caste department and one of the working presidents of the party in Maharashtra. Hailing from Nagpur, Raut, too, comes with past experience in government. He has held animal husbandry, employment guarantee and water conservation departments so far.

A quick look at Uddhav Thackeray's cabinet as he heads a coalition government in Maharashtra

TiE Global, one of the world’s largest not-for-profit organization, announced the launch of <keyword id="8339747" type="UNKNOWN" weightage="20" keywordseo="tie-women">TiE Women</keyword> to promote <keyword id="74945" type="PERSON" weightage="20" keywordseo="Women-Entrepreneurs">women entrepreneurs</keyword> across its 61 chapters globally. The initiative kick-started with a fundraise of $70,000 contributed by TiE Charter Members during the two-day event. Launching the initiative, Nitin Rai, Chairperson, TiE Global noted, ”I’m excited to see the launch of TiE Women. Women represent the greatest opportunity for our ecosystem to make a huge impact, globally. 50-50 gender parity will be the norm in the TiE Global ecosystem and not the exception.” The vision and goal of TiE Women is to “Embrace.Engage.Empower” women entrepreneurs across the globe – irrespective of the size, origin, interests, standing, and background, of the enterprise. This will be done through sustainable and easy-to-adopt programming that will track the entire entrepreneurial journey with measurable metrics. Hemalatha Annamalai, Founder, Ampere Vehicles Ltd., and President TiE Coimbatore, will be the Chair for TiE Women. Highlighting the need for the program, she said, “We need to empower women by providing them a safe space. This will allow them to develop skills and knowledge while mentoring them to systematically change the trajectories of their businesses leading to job creation.” She also informed that the program will culminate in an annual mega event where these women will showcase their successes and get access to funds, scholarships, accelerators, and more! Commenting at the launch, Dharti Desai, Vice President, TiE New York, and Vice-Chair TiE Women stated, “We are leveraging our global footprints and building upon the rich ethos of TiE. The foundation of its values and beliefs are well understood globally and the visible outcomes are constantly evolving. We would now like to encourage more women to participate in this process with measurable metrics and due governance.” TiE Women’s program approach will build upon best practices from local chapters’ women-centric initiatives. This will specifically result in capacity building; increased networking, knowledge-sharing and visibility; and a ‘safe space’ for women entrepreneurs to learn without inhibitions and judgment. This will also maximize the potential of women business leaders to receive funding to grow their enterprises. Through TiE Women, the focus will be to bring more women to take up entrepreneurship. The program will mentor women entrepreneurs about funding, scaling the business, etc. Apart from the leadership, the program is also supported by Charter Members from multiple chapters.

TiE Women raised $70,000 in just two days to support female entrepreneurs

Shiv Sena candidate list for Maharashtra State elections 2019

Maharashtra State Elections winner and leading candidate list 2019

It’s been a dream run for stock investors in the past few weeks. The fireworks started by Narendra Modi’s emphatic victory have made investors richer by Rs 11,57,200 crore. But many believe the best is yet to come. Market experts and analysts have proclaimed that this is the start of a multi-year bull run. Morgan Stanley’s Ridham Desai insists in a report that “the Indian market is moving from a cyclical downturn to a structural upturn”. 
 
The only thing that sets brokerage houses apart right now is the degree of their optimism. CLSA believes that over the next 12-24 months, the Sensex will touch 39,707, an upside of nearly 60% from the current level. Brokerage firm Motilal Oswal sees the Sensex touching 50,000 in the next three years. Karvy Stock Broking is more bullish and pegs the Sensex at 1,00,000 by 2020. 
 
ET Wealth reached out to experts from diverse areas of the financial services industry and sought their views on where the markets are headed and what should investors do now. Most of the experts we spoke to feel that the stock markets are on the cusp of a structural bull run, a market rally that could last for several years. After nearly six insipid years, investors can finally feel excited about their stock investments. 
 
What has changed 
 
What’s behind this overbearing optimism? The euphoria is primarily due to the overwhelming mandate to a political outfit widely recognised as reformist and development-oriented. For the first time since 1984, a single party has got absolute majority in the Lok Sabha. This means no more pandering to the whims of a motley group of political allies. “The big change is that we have a pro-development government with a majority, which gives it the power to execute. The positive results of this over the next 5-10 year period can be dramatic,” says Dinesh Thakkar, founder chairman and MD, Angel Broking. 
 
Analysts expect the new government to undertake sweeping reforms which will remove the hurdles to economic growth. “If the government can change even half the factors plaguing the Indian economy, we are in for structural bull market,” says Nitin Jain, CEO, Capital Markets, Edelweiss Broking. 
 
Should you invest more in stocks? 
 
If equity markets are expected to deliver handsome returns in the years to come, should investors make tactical changes in their asset allocation and invest more in stocks? Most experts believe so. Given the strong shift in sentiment and expectations of a structural bull run, many brokerage houses and fund managers are now recommending a tactical change in the asset allocation in favour of equities. Should you bite the bait? “Investors must certainly enhance their allocation to equities if they haven’t done so already,” insists Sandesh Kirkire, CEO, Kotak Mutual Fund. 
 
While a strategic allocation requires that you set specific allocation percentage to each asset class, a tactical allocation allows for a range within which asset mix may be maintained. So if your current strategic allocation requires you to maintain equity exposure at 50%, a tactical allocation strategy will allow you to increase your allocation up to 60%. This strategy essentially implies timing the market by deliberately hiking allocation towards equities at an opportune time. It may require that you step out of your comfort zone. 
 
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Not everyone is comfortable with this approach of tweaking the asset allocation in favour of equities. “An investor’s portfolio takes into account several factors, including his age, life-stage, risk profile, horizon for financial goals and macro economic factors. He should not tweak his asset allocation just because one of these factors has changed,” says Amit Kukreja, financial planner and founder of Wealth Being Advisors. 
 
His views are echoed by Jayant Pai, financial planner and head of marketing, PPFAS Mutual Fund. “Investors who indulge in ‘tactical changes’ at the drop of a hat are only traders who are deluding themselves. Changes should be undertaken either closer to the goal or on a fixed date every year. They should not be influenced by the level of the indices,” he says. 
 
Some investors would argue that the stock markets have already run up quite high and cannot afford much upside from current levels. However, experts insist that there is ample scope for an upside. “We believe investors should hold their nerve and increase their allocation to equities even now. This is because equities may be at an all time high, but valuations are nowhere near the previous peaks,” asserts Harsh Patwardhan, executive director and head of equities, JP Morgan Asset Management (India). 
 
Other experts also feel that investors should not try to time the markets. “Investors who are in a dilemma given the recent surge in valuations should focus on the long term prospects of the economy. Using the SIP route offered by mutual funds helps in maintaining discipline while managing the pitfalls of market volatility,” says Harshendu Bindal, President, Franklin Templeton Investments (India).

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'Lagaan' art director Nitin Desai found hanging at his studio near Mumbai

PTI

Disney+ Hotstar collaborates with MediaMath to offer audience-based marketing in a private programmatic environment

BI India Partner

Former Infy CFO, Mohandas Pai, to help Govt create a tech-savy road network

BI India Bureau

A quick look at Uddhav Thackeray's cabinet as he heads a coalition government in Maharashtra

PTI

TiE Women raised $70,000 in just two days to support female entrepreneurs

BI India Bureau

Shiv Sena candidate list for Maharashtra State elections 2019

BI India Bureau

Maharashtra State Elections winner and leading candidate list 2019

BI India Bureau

Should you invest more in stocks on bull run optimism?

Economic Times

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