Newsmakers: Marc Andreessen sells 73% in Facebook, gold at 4-mth low and more

Shares of Facebook slipped over 3 per cent in intraday trade on Monday following news reports that board member Marc Andreessen has sold about three quarters of his stake in the company over the past two weeks.

Marriott International will buy Starwood Hotels & Resorts Worldwide for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.

Finance Minister Arun Jaitley challenged the opposition to back a crucial tax reform, pledging to put investments before budget savings to drive growth.

Standard Chartered on Tuesday appointed Zarin Daruwala of ICICI Bank as its new Chief Executive in the place of incumbent Sunil Kaushal who will be elevated as the regional head for Africa and West Asia operations.

Gold price on Tuesday plunged by Rs 450 to trade at almost four-month low of Rs 25,700 per 10 grams at the bullion market, tracking a weak global trend amid subdued demand from jewellers and retailers.