HERMES
India may be supplying arms to Israel as 'return favor' for Kargil, claims Former Israeli Ambassador
Former Israeli Ambassador Daniel Carmon has indicated that India might be providing arms to Israel for its Gaza conflict, as a gesture of gratitude for Israel's support during the 1999 Kargil War. Reports claim India supplied drones and munitions to Israel, though India has neither confirmed nor denied these claims. The ongoing conflict has sparked protests in India, raising concerns about the support of Israel's military actions in Gaza.
India stocks perched at record highs as vote counting set to begin
India stock futures and rupee steady as votes in world's largest election to be counted. Prime Minister Modi expected to win third term, leading to market surge. NIFTY 50 index futures up 0.21% in early trade.
Hezbollah says launched series of retaliatory attacks on Israel
Hezbollah launched attacks on Israeli military positions in retaliation for Israeli strikes, escalating tensions. The group used explosive drones on the Yiftah barracks, targeting officers and soldiers. This comes amid ongoing conflict in Gaza between Israel and Hamas since October 7, with Hezbollah supporting Hamas. Israel retaliated, striking Hezbollah assets in southern Lebanon. The violence has resulted in casualties and damage on both sides, highlighting the volatile situation in the region.
Luxury influencers vanish from Chinese social media in wealth crackdown
Chinese social media censors have blocked multiple influencers known for showing off their lavish lifestyles after an official campaign to curb displays of ostentatious wealth online was announced. China's internet watchdog in April launched the "Clear and Bright" campaign to remove undesirable content from social media, vowing to crack down on influencers who created "ostentatious personas to cater to vulgar needs, and deliberately display extravagant lifestyles filled with money".
What investors expect from India's election outcome
India's six-week long national election, the world's largest, is nearing its conclusion with the final vote count on June 4. Investors are anticipating Prime Minister Narendra Modi's expected third term in office.
Indian Army to get first Hermes-900 drone on June 18, to boost surveillance on Pakistan border
The Hermes-900 known as the Drishti-10 drone is being supplied to Indian forces including Indian Army and Navy by AdDefence Systems. The first Hermes-900 was delivered to the Indian Navy in January this year. The second drone is being taken by the Army.
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They failed to buy Birkin bags. so they sued
Vogue highlighted Hermes' exclusive Birkin bags; residents sued for alleged antitrust violations. The lawsuit challenges Hermes' sales tactics. Legal implications could affect luxury brands. Exclusivity vs. consumer access in the luxury market under scrutiny.
Hard to get, or anti-competitive?
Hermes faces legal action in California for allegedly imposing conditions on customers to buy accessories before purchasing the Birkin bag. The lawsuit questions the anti-competitive nature of this practice and the impact on market dynamics for luxury goods.
Meet the style disruptors at The ET Awards for Corporate Excellence 2023
Details of the fashion-forward at the awards – from the ‘250 hours’ of intricate embroidery for Leena Nair’s Chanel dress to the ties that Ajay Piramal and Shom Hinduja sported.
Hezbollah says it downed Israeli drone over Lebanese territory
Hezbollah downs Israeli drone; first time for Hermes 450. Israel confirms the incident, stating its 'David's Sling' Aerial Defense System intercepted the first missile launch but the drone eventually fell inside Lebanese territory.
Jacqueline Fernandez was aware of conman Sukesh Chandrasekhar's crimes, knowingly enjoyed ‘financial benefits’: ED
Fernandez received exotic gifts from Chandrasekhar such as four expensive Hermes bags, five luxury watches, four Persian cats, a horse worth Rs 52 lakhs
Paris Fashion Week: Dior's Kim Jones takes winter collection to new height
Dior's men's artistic director, Kim Jones, showcased an elevated sense of elegance at Paris Fashion Week with his winter collection. Drawing inspiration from the friendship between his uncle, Colin Jones, and ballet dancer Rudolf Nureyev, the collection featured precisely-tailored garments with redistributed decorative elements.
Pharrell Williams steals the show at Paris Fashion Week with dashing cowboy avatar
The season began in Milan last week and continues in Paris with autumn/winter menswear collections from the likes of Dior, Hermes and Loewe.
Navy gets its first India-made drones from Adani Defence
The Indian Navy has received its first domestically produced medium altitude long endurance drones, called Drishti 10 Starliner unmanned aerial vehicles (UAVs), also known as Elbit Hermes 900. The Adani Group, in partnership with Israel's Elbit Systems, has manufactured the drones at their Hyderabad facility, which is being expanded to become a manufacturing hub for missiles and UAVs.
Travis Barker stuns with $140,000 luxe gift: Matching G-Wagons for kids this Christmas!
Travis Barker, Blink-182's iconic drummer, set tongues wagging with lavish Christmas gifts for his kids—Alabama and Landon Barker—including matching Mercedes-Benz G-Wagons and a pricey Hermes Birkin bag. Their youngest, Rocky, was not left out, receiving a plush paradise. Meanwhile, Kourtney Kardashian, Travis's wife, rocked the holiday bash with a mix of glam and humor. Her Instagram post about motherhood and style added a delightful touch to the opulent Barker-Kardashian festivities.
Percy Jackson and the Olympians Episode 3 Ending: Everything you need to know
Episode 3 of Percy Jackson and the Olympians shows Lin-Manuel as Hermes, surprising many fans as the character was not present in the novel. Here’s everything you need to know about the ending of episode 3.
Hermes heir plans to adopt 51-year-old gardener to transfer his $11 bn fortune
This unconventional move is part of the heir's effort to change his estate beneficiaries, representing 5-6 per cent ownership of the $220 billion-valued luxury fashion house.
Hermes 900 Starliner drones set to be inducted into Indian Army
The Indian Army recently inducted the Heron Mark 2 drones which can be equipped with strike capabilities in the northern sector, and have the older version of these unmanned aircraft at various locations across the country. The sources further informed that the role of women officers has been steadily increasing in Army Aviation.
Hermes sales beat expectations, defying luxury sector gloom
Analysts have cut their estimates for the luxury sector in recent weeks following a sales report from bellwether LVMH earlier this month showing shoppers are splashing out less on high-end fashion as inflation and economic uncertainty rise.
Proposed tax on international card purchases may drive sale of luxury brands in India
The Indian government's proposal to impose a 20% tax on expenditures made abroad under the Liberalised Remittance Scheme is expected to boost the sale of luxury brands in India. Due to the pandemic, international travel restrictions shifted sales to domestic stores, and the narrowing price gap between foreign and local markets, after accounting for the 20% tax collected at source, is attracting Indian consumers.
Jane Birkin, inspiration for famous Hermes’ Birkin bag, passes away at 76
Jane Birkin, originally from London, relocated to Paris at the age of 20 to embark on her involvement in the film "Slogan."
Futurama Season 11: See the cast, episodes and more
Futurama will return next month with season 11. The animated series’ revival has come after a decade.
Hermes wins permanent ban on 'MetaBirkin' NFT sales in US lawsuit
A Manhattan federal judge on Friday granted Hermes' request to permanently block artist Mason Rothschild's sales of "MetaBirkin" non-fungible tokens following a jury's verdict that they violated the French luxury house's trademark rights in its famed Birkin handbags.
LVMH becomes first European company to exceed $500-billion market value
The achievement comes less than two weeks after LVMH joined the ranks of the world's 10 biggest companies, powered by a surge in first-quarter sales. Rival Hermes International subsequently published its own strong numbers, reinforcing the view that China's reopening from pandemic lockdowns is fuelling growth across the industry.
Saurabh Mukherjea on why Hermes, Titan make for great plays on luxury
Titan has generated 1200 times shareholder wealth in the last 20 years, making it difficult to find any other company that represents Indian affluence as well. Global Compounder Portfolio is a list of companies that are interesting to Mukherjea, including the medical equipment provider Intuitive and luxury fashion company Hermes. Intuitive's market share dominates due to its "Da Vinci" machine being used in 80-90% of operations globally; Hermes builds monopoly on Birkin bags by targeting dollar millionaires, who are increasing annually by 6-7%.
Givenchy gowns steal the show at Paris Fashion Week
The long, elegant gowns grabbed eyeballs and became the highlight of the event.
Luxury sector eyes reopening of China
The world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profits climb 17 percent to 14 billion.
Breaking glass ceilings in style: women designers are making waves in menswear industry
Fashion has long been a sector focusing predominantly on women but run by men.
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