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.
Open FlipIn 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.
Open FlipKSB 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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