Tue, Jan 12, 2021 10:35 AM
GAIL India stocks hit 52week high as the company proposed buyback of shares
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European shares climbed to a two-week high on Monday, extending strong gains from last week, with investors awaiting economic data and the Federal Reserve's policy decision, while Deutsche Bank dropped on a provision for Postbank litigation. The pan-European STOXX 600 was up 0.3%, as of 0718 GMT GMT, after logging its first weekly gain in four on Friday.
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In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. General Catalyst could finalize its latest fund as early as next month, Financial Times reported on Sunday.
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KSB Ltd informed that the BOD of the company approved of sub-division/stock split of 1 equity share of the company having a face value of Rs 10 each into 5 equity shares of Rs 2 each and announced 175 per cent or Rs 17.50 per share as dividend having a face value of Rs 10 each. The record date for the stock split will be announced in due course while the record date for dividend is June 13, 2024.
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