Waves Financial News

Tapestry Inc., the owner of brands including Coach and Kate Spade, agreed to acquire Michael Kors parent Capri Holdings Ltd. in an $8.5 billion deal that shows the wave of consolidation in the luxury goods sector is far from finished. The New York-based firm is paying a $57 per share in cash, according to a statement Thursday, a 65% premium over Capri's last closing price. The transaction is expected to close in 2024, subject to approval by regulators and Capri shareholders. “We are confident this combination will deliver immediate value to our shareholders,” Capri Chief Executive Officer John Idol said in the statement. “By joining with Tapestry, we will have greater resources and capabilities to accelerate the expansion of our global reach while preserving the unique DNA of our brands.” Tapestry shares fell as much as 6% in early trading before paring their decline. Capri was up 59%. Capri's shares have tumbled recently as a pullback in spending by US consumers in department stores dented sales of the mass-market Michael Kors brand.

capital market regulator Securities and Exchange Board of India (SEBI) on Thursday has granted approval to Helios Mutual Fund on Thursday. "I am very happy to announce that SEBI has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success," said Samir Arora on X platform.

cyclones. Mangrove coverage acts as a natural barrier, reducing the impact of waves and protecting coastal areas from erosion. It stabilizes sedimentation and mitigates coastal flooding, thus providing a valuable defence against natural disasters.

Though a wave of Bitcoin (BTC) spot ETF applications have stirred excitement in the crypto market over the past two months, a lesser-known bundle of Ether (ETH) ETF applications is following closely behind it.

For many, the crypto industry feels as though it’s hovering on the brink. It attracts high-profile attention and headlines; yet widespread public interest and adoption haven’t yet followed. 

₹10 crore for 2021-22, ₹33 crore for 2022-23, and ₹95 crore for 2023-24. Singh also informed that the Laser Interferometer Gravitational Wave Observatory – India (LIGO-India) project has been approved by the government at an estimated cost of Rs.

macroeconomic factors impacting discretionary spending on travel. India will also see a per capita income moving from $2500 to $4000 in the next five years. While this looks small when compared to other nations, in absolute numbers, we are a 1 billion economy," he said.

As DEX token continue to dominate big market moves, ClownCoin (CLOWN) has become the latest entrant to undertake a skyrocket pump after a magnificent +25,750% launch last night.

rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake for people in parts of Southeast Asia and Africa, and that rises to 70% in countries like Bangladesh.

(Reuters) — Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a lingering heat wave.

BENGALURU : Angel and venture capital investments rebounded in July from the trough seen in April, highlighting a steady recovery in the startup ecosystem amid the prevailing funding winter. Even though the number of deals fell marginally last month from June, the quantum of investment rose, indicating that the worst may be over. Investors struck 71 deals during the month, slightly lower than 73 recorded in June but considerably higher than the 58 deals seen in April when investment activity sank to a nine-year low.

As climate change ratchets up temperatures across the U.S., millions of the poorest Americans grapple with enduring perilous heat or paying costly air conditioning bills

Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time as climate change contributes to the frequency and severity of violent me...

Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected

Rahul Gandhi and said that Wayanad MP has been “launched" 13 times but has failed every single time.Amit Shah was speaking in the Lok Sabha during the debate on a no-confidence motion against his government which was moved by Congress MP Gaurav Gogoi earlier. “There is one member in this House who has been launched 13 times in politics. This member failed all 13 times.

Reuters citing Italian authorities on Wednesday. According to the report, 4 survivors of the accident were taken to the island of Lampedusa. The boat was reportedly carrying 45 people.

Redseer. Nearly 50% of investors in the survey, conducted in June 2023, were optimistic about a resurgence in funding within the next six to 12 months. Additionally, 17% of respondents believe this upswing could happen even sooner.

intraday trading from an Indian finance context, exploring key concepts, strategies, and tips to help beginners navigate this thrilling terrain. Intraday trading, also known as day trading, involves buying and selling financial instruments within the same trading day. Unlike long-term investments, which may span months or years, intraday trading capitalizes on short-term price fluctuations to earn profits.

Edtech startup Saarthi on Wednesday said it has taken legal action along with other investors against its acquirer Classplus on several charges including cheating, extortion, criminal breach of trust and misappropriation of funds. Classplus, a software-as-a-service (SaaS) platform for coaching institutes, had acquired Saarthi in late 2021, according to a statement. The deal went unannounced until now.

Former Fortescue Metals executive Russell Scrimshaw says his rare earths company will get into production several years sooner because of Wednesday’s decision to partner with China’s biggest rare earths importer.

₹537 crore during Thursday's session. As per the NSE data, FIIs cumulatively bought ₹10,721.75 crore of Indian equities, while they sold ₹11,433.09 crore --- resulting in an outflow of ₹711 crore. Meanwhile, DIIs infused ₹8,809.11 crore and offloaded ₹8,271.80 crore, registering an overall inflow of ₹537.31 crore.