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Investors lose 13.30 lakh crore in four days of market crash

Falling for the fourth straight day, the 30-share BSE Sensex tanked 953.70 points or 1.64 per cent to settle at 57,145.22. During the day, it plummeted 1,060.68 points or 1.82 per cent to 57,038.24.

In four days, the BSE benchmark has slumped 2,574.52 points or 4.31 per cent.
In four days, the BSE benchmark has slumped 2,574.52 points or 4.31 per cent.
Published on Sep 26, 2022 11:02 PM IST
PTI |

Reliance Retail in talks for rights of beauty retailer Sephora: Report

Sephora's operations will transfer from Arvind Fashions Ltd to Reliance Retail if an agreement is reached, according to the report.

Sephora, owned by French luxury goods group LVMH, has 25 stores in 13 cities in India with brands in categories such as cosmetics, fragrances, skincare, makeup and hair care.(AP)
Sephora, owned by French luxury goods group LVMH, has 25 stores in 13 cities in India with brands in categories such as cosmetics, fragrances, skincare, makeup and hair care.(AP)
Published on Sep 21, 2022 07:19 PM IST
Reuters |

Bharti Airtel Q1 profit rises five-fold to 1,607 crore

Its consolidated revenue from operations increased by about 22 per cent to ₹32,805 crore during the reported quarter from ₹26,854 crore a year ago.

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, on the outskirts of New Delhi.(REUTERS)
A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, on the outskirts of New Delhi.(REUTERS)
Published on Aug 08, 2022 07:47 PM IST
PTI |

London fines show brokers’ role in $1.9 billion cum-ex scandal

The TJM Partnership Ltd., a now liquidated interdealer broker, became the third firm to be fined by the Financial Conduct Authority for its role trading tens of billions of shares for Shah’s hedge fund Solo Capital Partners LLP.

Representational image.(Bloomberg)
Representational image.(Bloomberg)
Published on Jul 30, 2022 02:46 PM IST
Bloomberg |

Billionaire Tom Steyer bets on weather stations to battle climate

Galvanize led a $40-million funding round for San Francisco-based Arable, whose weather equipment gives farmers information on how much sunlight and water crops are getting, and can help optimize when to irrigate or fertilize.

Arable makes solar-powered weather stations that help farms utilize resources such as water and fertilizer.Source: Arable.
Arable makes solar-powered weather stations that help farms utilize resources such as water and fertilizer.Source: Arable.
Published on Jul 25, 2022 10:15 PM IST
Bloomberg |
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