HERMES INTERNATIONAL
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.
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.
Fed meeting, Q1 earnings among top 10 factors to dictate Dalal Street mood this week
Major June quarter earnings are lined up for this week. Tata Steel, Bajaj Auto, Asian Paints, SBI Life Insurance Company, Tata Motors, Larsen & Toubro, Tata Consumer Products, Bajaj Finance, Tech Mahindra, Dr Reddy's Laboratories, Cipla, Axis Bank, Nestle India, Bajaj Finserv, among others will declare their Q1 earnings.
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.
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What makes France 'THE' education hub for international students?
France is an influential country in the world, dominating industries including fashion, film-making, management, business, retail, finance, manufacturing, and more. It is also a popular study destination, with 10 globally top-ranked universities offering affordable tuition fees, scholarship opportunities, and quality education focused on hands-on learning. France also provides social security measures, such as publicly owned student accommodation and medical expense reimbursement, for international students.
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.
European shares open lower as miners lead decline
The STOXX 600 index slid 0.4% by 0808 GMT. The European basic resources index shed 0.8%, tracking falls in prices of base metals amid fading hopes of China easing its strict zero-COVID policy.
European shares open lower as mining, luxury stocks fall
Health officials in China reiterated their commitment to strict COVID-19 curbs over the weekend, disappointing investors hopeful for a relief. Separately, data showed Chinese exports and imports both contracted in October and missed forecasts.
Abu Dhabi Borouge's $2 billion IPO set to be ADX's biggest
Gulf issuers have raised more than $10 billion from IPOs so far this year, Refinitiv data shows, exceeding European flotations even as global markets remain volatile in the wake of the conflict in Ukraine.
Return of the luxe life: Global sales of high-end brands likely to bounce back to pre-Covid levels this year
Bain now sees a 30% probability that sales of high-end handbags, clothes and jewellery will return to or exceed $340 billion this year.
Wirecard’s Indian deal started with ‘fraud’, UK judges say
The transactions in 2015 are being scrutinised in courts in London and Chennai, with the former minority holders of Hermes I-Tickets Pvt. Ltd. saying they were cheated of millions of dollars.
Wealthy shoppers buy less, but better: Hermes becomes the most-preferred, chic choice for luxury purchases
Consumers want tried and tested styles like a Hermes Birkin bag or a Moncler puffer jacket.
Impact-investing boom gives funding jolt to $1 trillion asset manager
Nuveen wrote a $31 million check to Mumbai-based Aavishkaar Group, which invests in startups and early-stage companies in sectors including financial services and food processing in the emerging markets.
Mysterious 2,572% stock rally has traders scratching their heads
It is best performing stock worldwide in the past 12 months among cos worth $1 bn or more.
Hermes India sees a 55% jump in profit, Dior still deep in the red
Hermes India had recorded a net profit of Rs 12.1 crore the year before. Revenue from operations rose 11% from the previous year’s Rs 98.8 crore on a standalone basis, according to its filings with the Registrar of Companies (RoC).
Companies optimistic despite consumption slowdown: It’s not all turbulence for luxury goods market
There are definite signs of a chill in sales this festive season, in line with the slowdown in consumption.
Adani Group to manufacture UAVs for global market
The group which made a measured entry into the defence manufacturing business in 2015 will initially make the Hermes 900 UAV for an order from the Israeli defence forces and is looking for further options for exports in the global market.
INS Viraat decommissioned; all you need to know about the world's oldest aircraft carrier
INS Viraat was first commissioned into the British Royal Navy as the HMS Hermes on November 18, 1959, 15 years after she was laid down in June, 1944.
INS Viraat sets sail for last operational deployment
Originally commissioned in the British Royal Navy as HMS Hermes in November 1959, the 13-storey high carrier was inducted into the Indian Navy as INS Viraat on May 12, 1987.
Zara leases largest retail space by international brand in India
The world's biggest fashion retailer has leased the space on the ground floor of Ismail Building diagonally opposite HSBC's India head office located in Fort.
St Moritz is the glitziest Alpine playground to ski and luxuriate in spiffy hotels
Beyond sybaritic pursuits, St Moritz also offers an intriguing mix of nature, culture, sports and culinary experiences.
DLF to launch new luxury property, bring in more brands in Emporio and Promenade malls
Madhukar said over the past year 25% of the inventory in Promenade has gone through a churn as the company looked at reworking and relocating store formats.
Ferrari said to push for $12.4 billion valuation in IPO
Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as 11 billion euros .
Ferrari said to push for $12.4 billion valuation in IPO
Ferrari's coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as 11 billion euros.
Luxury item prices soar as brands attempt to go upmarket
Kim Kardashian might as well be naughty this Christmas, because even if she's nice her fiance is unlikely to shell out for a Louis Vuitton handbag.
Credit Suisse in asset management venture with Qatar
Aventicum Capital Management will focus on investments in the emerging markets of the Middle East and Turkey as well as operate an international business.
Hermes seeks to open a high street outlet in India to be a trailblazer of luxury
Hermes, the first international luxury brand to open a high street outlet in the country, believes that many other big names will follow its lead
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