BSE Sensex and Nifty50, the Indian equity benchmarks tanked in morning trade on Monday as persistently high crude oil prices and a spike in US bond yields added to investors’ woes. Both indices crashed over 1% amid the intensifying Iran-US conflict. While Sensex crashed over 1,100 points, Nifty50 went below 22,800. BSE Sensex ended the…
A fundraiser that collected more than $700,000 for a Texas couple has been removed after GoFundMe found that the campaign organiser had falsely presented herself as a neighbour.The appeal was created for 81-year-old Donald Johnson, a viral delivery driver who gained attention after footage showed him delivering lost luggage while working to help pay for…
Tom Selleck built his fame on television, famously as the private eye in Magnum, Private Investigator, but he keeps a different address out of the spotlight. His 63-acre ranch in Ventura County, California, was once owned by Dean Martin and has been his home since 1988, nearly four decades. A 2009 CBS News profile noted…
Jason and Kylie Kelce’s latest $2.9 billion market move marks a new milestone as their investment reaches 5,000+ stores Jason Kelce is expanding his post-NFL business portfolio, with his latest move taking him into the growing hot sauce market. Through Winnie Capital, the family office supporting the business and philanthropic activities of Jason and Kylie…
Bruce Willis has completed the sale of his beachfront retreat on Parrot Cay in Turks and Caicos for $27 million. The deal is one of the highest property sales ever recorded in the Caribbean territory. Property records cited by the Los Angeles Times and Architectural Digest say the American actor bought the 7.3-acre site in…
Oil prices rise for second day. Oil prices today: Oil prices rose for a second consecutive session on Tuesday as concerns over potential disruptions to Middle East supplies due to the US-Iran conflict outweighed signs of recovering crude exports from the region.At 8:28 am IST, Brent crude was trading at $106.86 a barrel, up $1.58,…
MUMBAI: Thanks partially to Monday’s sell-off on Dalal Street, the stock price of recently listed NSE slid below its IPO price for the first time and closed at that level. With foreign funds leading the day’s sell-off, sensex lost 1,124 points (1.5%) to close at 72,771 points, nearly a six-month low level. And on NSE,…
MUMBAI: Private equity (PE) money is chasing the events and experiences economy in India-think KKR’s bet on ticketing and live entertainment platform BookMyShow or Blackstone’s investment in an Indian Premier League (IPL) franchise. Young consumers are now driving household spends and they are allocating a big chunk of their budgets to experiences.Consider this: at Travis…
Sebi orders Growpital to shut down MUMBAI: Markets regulator Sebi has ordered Growpital Platform, an unauthorised collective investment scheme (CIS) that had mobilised about Rs 192 crore to invest in agricultural farms for tax-free returns to investors, to wind up and return investors’ money along with 12% interest. Twenty eight entities associated with Growpital have…
Pension Fund Regulatory and Development Authority (PFRDA) Chairperson S. Ramann MUMBAI: To ensure regulatory guardrails around pension products while giving customers greater choice, Pension Fund Regulatory and Development Authority plans to roll out a suitability platform that will assess NPS subscribers’ risk appetite and ask suitability-related questions before they select a scheme.“Suitability and risk appetite…
