Sensex falls for 9th straight session, ends 146 pts lower

After a 489-point intra-day swing, the 30-share index settled 145.83 points, or 0.41 per cent lower at 35,352.61. The broader NSE Nifty fell 36.60 points, or 0.34 per cent, to 10,604.35. TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.

Sachin Bansal invests Rs 650 crore in Ola

The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date. In Jan, Ola had issued shares worth Rs 150 cr to Sachin as part of series J round of funding. Sachin, who founded Flipkart over a decade ago had quit after US retail behemoth Walmart picked up 77% stake in the Indian e-commerce company for $16 billion.

Karl Lagerfeld, Chanel's creative director, dies at 85

Lagerfeld, instantly recognisable in his dark suits, pony-tailed white hair and sun glasses, was best known for his association with Chanel but delivered collections for LVMH's Fendi and his own eponymous label. Rumours of Lagerfeld's ill-health had swirled after he missed Chanel's January show in Paris.

Relief for startups: Angel tax norms relaxed

A notification regarding simplifying the process for startups to get exemptions on investments under section 56(2)(viib) of Income Tax Act, 1961, will be issued shortly. The definition of startups has been enhanced to an entity which has been in operation for up to ten years from its date of incorporation or registration, instead of the current seven years.