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The Indian fashion conglomerate posted a loss of 1.08 billion rupees ($13 million) for the quarter ended December 31, compared with a profit of 110 million rupees in the same period a year earlier.The company said its bottom line was impacted by “higher interest expense due to higher borrowings,” but revenue grew 16 percent to 4,166 crore and EBITDA rose 29 percent to 60.5 billion rupees.In September, ABFRL completed the acquisition of a 51% stake in TCNS Clothing, which houses traditional Indian brands such as W, Aurelia, Wishful, Folksong and Elleven. The deal was valued at about $202 million.Prior to…
Bounce Watch, an Amsterdam-based startup founded in November 2023 by Cem Ötkün and Sedat Yusuf Ergüneş, has successfully closed a pre-seed investment round, reaching a valuation of €2.5 million. Bounce Watch aims to transform the venture capital landscape with real-time alternative data and actionable insights. The platform gives investors easy access to the insights essential to making data-driven investment decisions. Powered by AI, the platform enhances the scouting process, monitors startup performance, and simplifies deal flow management. It offers comprehensive startup performance tracking capabilities covering metrics like investment inflows, team dynamics, technical capabilities, website traffic trends, media exposure, social media…
With a demo available on Steam and native Linux support, Counterpick Labs looks to be a fun addition to the platform fighter genre – and it’s free. The ability to create your own fighter in Counterpick Labs looks like a lot of fun and is definitely worth keeping an eye on, as it’s quite a departure from the static character builds that are common in these types of games – it’s nice to see a developer trying something a little different with an established genre. Check out the trailer: Features: Smooth Platform Fighter Action – Defeat your opponents with combos…
This week, China was gearing up for the Spring Festival holiday, which begins just after the Lunar New Year. But while wealthier Chinese are traveling again, they’re staying much closer to home.According to data from Global Blue and Bernstein, mainland Chinese shopping in Hong Kong in January was 426% of 2019 levels and spending in Japan was 232%, while Chinese spending in mainland Europe was just 80% of 2019 levels.In contrast, spending by Americans in major European hubs has soared since the end of the pandemic, reaching 290% compared to 2019.To be sure, most travel during China’s 40-day “Spring Festival”…
In January 2024, Proxiad SEE established a new subsidiary, Proxiad Health Tech. The team of IT specialists and biomedical engineers is already working on various projects in the healthcare sector. The company’s goals this year include attracting new clients and further expanding its expertise and team in this field. Q: Why did Proxiad decide to enter the healthcare sector and how did Proxiad Health Tech come about? Alexander Milev: Healthcare has undergone a significant digitalization in recent years. New technologies and artificial intelligence have further advanced the healthcare sector, giving rise to numerous products and innovations. Our partnership with several…
A new study conducted by Hungarian and Canadian scientists suggests that using digital devices to calm children during emotional outbursts may have negative long-term consequences, naukatv.ru reports. Children who are regularly given tantrum-control tools have more difficulty controlling their anger and frustration later in life, according to a study published in the journal Frontiers in Child & Adolescent Psychiatry. Caroline Fitzpatrick, a professor at the University of Sherbrooke, said that while digital distractions may be effective in the short term, they also prevent children from developing important emotion regulation skills. The study involved 300 parents of preschoolers answering a questionnaire…
Taylor Swift’s “Eras” tour is back and bigger than ever, kicking off the European leg in Paris on Thursday night. The concert marked Swift’s first live performance since the release of her latest album, “The Tortured Poets Department,” which added 31 songs to her repertoire, and while fans expected some changes to the “Eras” setlist, they weren’t necessarily expecting anything new when it came to her onstage look.Swift kept the show opener focused on her “Lover” era, but for her set, she debuted her fifth version of a sequined and beaded Versace bodysuit. The latest version featured a gradient effect…
Global venture studio and startup accelerator Founders Factory and German housing company Vonovia are developing a new venture studio to deliver new technology innovations that support the expansion and delivery of affordable, climate-neutral housing. The Vonovia/Founders Factory venture studio partners with entrepreneurs to create new real estate, finance and climate startups. The partnership will explore how cutting-edge technologies such as generative AI, digital twins and intelligent infrastructure can be applied to the challenges and opportunities of modern urban living. Vonovia provides housing to more than one million people and has been listed on the stock market since 2013. During the…
Despite it being the beginning of summer, temperatures are already hovering around 40°C in many parts of southern Europe, including many tourist destinations, creating stifling conditions. The European summer is getting hotter, with heatwaves recorded earlier than normal in places like Greece, while some regions are experiencing record droughts, some of which have been going on since last year.In response to rising temperatures and dwindling water reserves, local authorities across the continent are introducing water restrictions, which will affect both tourists and residents. If you’re travelling to areas affected by extreme heat and drought, always check bulletins from local authorities…
Voting begins tomorrow to decide the composition of the next European Parliament. Ahead of the vote, we take a look at where the main political groups stand on health issues. Health has not featured much in the election campaign, despite a Eurobarometer survey in April showing it was one of voters’ top priorities. Surprisingly, the most significant change in the EU’s role in health policy occurred just four years ago, when the war in Ukraine and the cost of living crisis caused the EU to become less important. The manifestos of the major political parties give us some idea of…