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Subscribe to enjoy similar stories. The war in Gaza that started on 7 October 2023 is nearly a year old and shows no signs of ending anytime soon. That the war broke out is not a surprise to veteran market watchers, its continuation is.

Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion. The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter.

Bajaj Housing Finance made a stellar debut on the domestic bourses, some investors could be rueing the missed chance due to technical hiccups. Nearly 14 lakh applications or 16% of total bids in the company's Initial Public Offering (IPO) — the largest issue in 2024 — were disqualified, according to allotment documents released on Monday. This is the second-highest number of rejections in absolute terms since the Life Insurance Corporation (LIC) IPO in May 2022. Bankers and market participants said most disqualifications were due to operational glitches, with a chunk of them being unable to complete the UPI (Unified Payments Interface) process. There were also reports of technical issues related to UPI systems.

Mistry family's Shapoorji Pallonji (SP) Group, which holds an 18.37% stake in Tata Sons, suggested that the Tata Group holding company explore the possibility of an initial public offering (IPO) to unlock value for stakeholders, according to people with knowledge of the matter. At the Tata Sons annual general meeting (AGM) held on Monday, the SP Group also praised the strong performance of group companies under the leadership of the executive team headed by chairman N Chandrasekaran, suggesting that ties between the two sides may have become less frosty.

Poco Pad 5G review: Budget-friendly 5G tablet for everyday useSoon after the launch of the new tablet, Poco India head Himanshu Tandon sat down for an exclusive chat with LiveMint to discuss a range of topics, including the Poco Pad 5G, the Poco ecosystem, scope for Poco to enter new segments, and more.Tandon also revealed that the Poco Pad 5G received a good response during the first sale and was one of the fastest-selling tablets on Flipkart on the first day. Encouraged by the initial response to Poco Pad, Tandon said, “We are now thinking how do we take this tablet journey moving forward and how do we scale up this business because the start has been really really exciting for us." Edited excerpts from the interaction: While explaining the reason for not launching a Poco tablet in India so far, Tandon said, "When we started this operation with Poco F1, we wanted to solidify our position in the smartphone market.

HNIs! Continuing a trend that's been trending since the first human-manufactured fire, the very wealthy continue to be beta-testers for the rest of humanity. On Sunday, billionaire Jared Isaacman became the first private non-professional astronaut to take a spacewalk. While the rest of us think we're Vasco da Gama by climbing Kilimanjaro and Machu Picchu, Isaacman decided to step out of a tin can and float around in the Big Empty in SpaceX's Polaris Dawn mission. Now, that'll be a great Instagram post.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed. At close of trade, shares of Kohinoor Foods surged 20 per cent, LT Foods jumped 6.70 per cent, KRBL climbed 5.87 per cent and Chaman Lal Setia Exports went up 1 per cent on the BSE. Intra-day, LT Foods surged 9.72 per cent, KRBL soared 7.67 per cent and Chaman Lal Setia Exports rallied 5.92 per cent.

Shares of Infosys Ltd.(up 0.32 per cent), Wipro Ltd.(up 0.24 per cent) and LTIMindtree Ltd.(up 0.12 per cent) ended the day as top gainers in the pack.

Reliance Power today surged 5% to hit its upper circuit at Rs 31.32 on BSE after the company announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for «On Demand» usage under a tariff-based competitive bidding process.

Indian Oil Corporation Ltd. slipped 0.49 per cent to Rs 172.3 in Monday's trade as of 01:18PM (IST). The stock hit a high price of Rs 174.1 and low of Rs 171.55 during the session. The return on equity (ROE) for the stock stood at 22.75 per cent. Traded volume on the counter stood at 01:18PM shares and turnover at Rs 3.88 crore around that time. The stock of Indian Oil Corporation Ltd. quoted a 52-week high price of Rs 196.8 and 52-week low prices of Rs 85.51, respectively.

ICICI Lombard General Insurance Company Ltd. slipped 1.0 per cent to Rs 2088.35 in Monday's trade as of 01:39PM (IST). The stock hit a high price of Rs 2121.35 and low of Rs 2085.9 during the session.

SRF Ltd. slipped 1.02 per cent to Rs 2441.7 in Monday's trade as of 01:13PM (IST). It hit a high of Rs 2476.0 and low of Rs 2440.0 during the session. The stock quoted a 52-week high price of Rs 2697.45 and a low of Rs 2081.25. The return on equity for the stock stood at 11.63 per cent. About 7,243 shares have changed hands on the counter so far.

«What I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out?,» says Sachin Jain, Regional CEO India, World Gold Council Gold prices have hit a record high of $2,570 per ounce. Do you expect this upward trend in gold prices to continue? What is your internal estimate? Where do you see the prices to be going forward because foreign brokerages are expecting gold prices to touch around $2,700 levels. Sachin Jain: So, I will not be able to comment on the recommendations or the target given by Goldman Sachs or any other company. But what I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out? First of them is the central bank's buying, that is an important consideration. Second is the consumption demand in jewellery. The third is how the financial markets normally react. And the fourth is normally the new age requirements of gold, which are mostly around to do with new age technology and so on and so forth.

Abneesh Roy, Executive Director, Nuvama Institutional, says the food space is quite attractive and there we will prefer Bikaji because it is a pure-play foods company. Among larger companies, he also likes HUL and ITC. Food is an attractive category, but there are very diversified companies. A double-digit volume growth for Bikaji is seen in last many quarters and that is expected to continue. After the edible oil duty hike, in H2, most of the food companies are expected to take price hikes. That should help overall pricing growth also. While the first quarter was subdued, we did see some positive outlooks from a few QSR companies. What is happening in terms of a meaningful recovery, on ground zero? Abneesh Roy: Gradual recovery will happen. That space has seen slowdown now almost for six quarters. The base has become favourable, but there is a lot of competition between the players and delivery seems to be doing better. So, delivery-focused players should do better. But urban consumption is still a challenge. We have seen the impact of higher interest rates. We have also seen the impact of job losses and the salary cuts in the D2C startups.

LIC Housing Finance shares fell over 6% while those of PNB Housing Finance plunged nearly 7% as the stellar debut of Bajaj Housing Finance on Monday took away all the limelight from them. Bajaj's multibagger debut saw the stock get listed at a premium of 114%. LIC Housing shares today fell to the day's low of Rs 678 on the NSE amid strong volumes as more than 92 lakh shares changed hands around 2 pm. On the other hand, PNB Housing fell to the day's low 1,061.05 following a Friday rally where the stock had hit its 52 week high of Rs 1,202.20.

Shree Cements Ltd. traded 0.77 per cent up at Rs 25700.55 at around 12:06PM (IST) on Monday. The stock had closed at Rs 25902.4 in the previous session. Equity benchmark Sensex traded 4.25 points lower at 82886.69 around the same time.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. 0.0 per cent to Rs 5495.3 at 01:08PM (IST) in Monday's trade. The stock hit a high of Rs 5518.8 and low of Rs 5474.55 so far during the session. The stock had closed at Rs 5495.65 in the previous session. The counter had a total traded volume of 01:08PM shares so far with a turnover of Rs 1.79 crore on BSE. The stock traded at a price-to-earnings multiple of 87.01 and a price-to-book ratio of 6.71.

ACC Ltd. traded 0.09 per cent up at Rs 2514.9 at around 11:51AM (IST) on Monday. The stock had closed at Rs 2517.25 in the previous session. Equity benchmark Sensex traded 2.39 points higher at 82893.33 around the same time.