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Gold traded slightly weaker on Monday amid profit booking before the US Fed policy outcome. October futures held near 1,09,180 on MCX, with analysts expecting consolidation as rupee weakness supports domestic bullion prices.
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News and Media
Elon Musk, Tesla's CEO, recently bought company shares worth $1 billion. This purchase occurred on Friday across multiple transactions. It marks Musk's first open market stock purchase since February 2020. He acquired approximately 2.57 million shares. Tesla's stock performance has been strong over the past year. The company is also seeking shareholder approval for a new pay package for Musk.
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News and Media
Maharashtra Scooters, a Bajaj Group company, declared a massive interim dividend of Rs 160 per share (1,600% of face value), sending shares up nearly 3% on Monday. The record date is September 22, with payouts expected around October 13, 2025.
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News and Media
Muhammad Abu Dakha, a Palestinian, escaped Gaza for Europe. He paid to cross into Egypt and tried for asylum in China. After failing multiple attempts to cross to Europe, he bought a jet ski. He travelled with two others and was rescued off Lampedusa. He then travelled to Germany and applied for asylum. His family remains in Gaza.
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News and Media
U.S. and Chinese officials convened in Madrid for six hours, addressing critical issues like TikTok's future, existing tariffs, and broader economic concerns. Treasury Secretary Scott Bessent indicated progress on TikTok divestment but highlighted challenges in other areas due to China's "aggressive ask." Experts remain skeptical of a major breakthrough, anticipating a possible extension for TikTok's U.S. operations divestment deadline.
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News and Media
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