What do India’s richest people spend their money on? Latest wealth report reveals trends about Rolex, Gucci and more
MINT· 2025-09-18 10:30
The Mercedes-Benz Hurun India Wealth Report 2025 highlights the rapid rise of India’s wealthy households, which have almost doubled since 2021 to 8,71,700.These millionaire families, with net worth above ₹8.5 crore, now form 0.31% of all households. Confidence in India’s growth remains high, with 83% optimistic about the next three years.The surge comes with GDP growth, stock market gains, new billionaires and rising gold prices.Maharashtra leads with 1,78,600 millionaire households, fuelled by Mumbai’s 1,4 ...
Zomedica Expands TRUVIEW(R) and TRUFORMA(R) Intellectual Property Portfolio with Four Newly Issued U.S. Patents
Accessnewswire· 2025-09-18 10:30
Intellectual property portfolio now includes 228 Patents and 153 Trademarks providing robust protection for the Company's product platforms in the rapidly growing multi-billion dollar veterinary diagnostics market ANN ARBOR, MI / ACCESS Newswire / September 18, 2025 / Zomedica Corp. (OTCQB:ZOMDF) ("Zomedica" or the "Company"), an animal health company offering innovative point-of-care diagnostic and therapeutic device products for equine and companion animals, today announced the issuance of four additional ...
Radian to Acquire Inigo, a Highly Profitable Lloyd's Specialty Insurer; $1.7 Billion Transaction to Transform Radian Into a Global Multi-Line Specialty Insurer
Businesswire· 2025-09-18 10:30
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that it has entered into a definitive agreement to acquire Inigo Limited ("Inigo†), a highly profitable Lloyd's specialty insurer, for $1.7 billion in a primarily all-cash transaction.1 The transaction will be funded from Radian's available liquidity sources and excess capital from its subsidiaries. This strategic acquisition will mark an important step in Radian's transformation from a leading U.S. mortgage insurer to a. ...
IsoEnergy and Purepoint Intersect up to 8.1% U3O8 at Dorado Project
Newsfile· 2025-09-18 10:30
Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) ("IsoEnergy") and Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint") today announced the receipt of partial assay results from the summer drill program at the companies' 50/50 joint venture Dorado Project (the "Dorado Project"), located on the southeastern margin of Saskatchewan's Athabasca Basin. The highlight comes from drill hole PG25-07A, which returned 2.1 metres grading 1.6% U₃ ...
Immuto Scientific Announces $8M Seed 2 Financing and Daiichi Sankyo Collaboration to Uncover a New Class of Therapeutic Targets with Structural Surfaceomics
Businesswire· 2025-09-18 10:30
MADISON, Wis. & CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #biotech--Immuto Scientific Announces Financing and Daiichi Sankyo Collaboration to Uncover a New Class of Therapeutic Targets with Structural Surfaceomics. ...
Panther Minerals Appoints Ram Kumar as Chief Executive Officer and Director
Thenewswire· 2025-09-18 10:30
Vancouver, British Columbia – TheNewswire - September 18, 2025 - Panther Minerals Inc. (“Panther Minerals” or the “Company”) (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) is pleased to announce the appointment of Ram Kumar as Chief Executive Officer and a member of the Board of Directors of the Company, effective immediately. Mr. Kumar brings significant experience in corporate strategy, mergers and acquisitions, and capital markets to Panther Minerals. He is currently a member of the board of directors of Usha R ...
ISOENERGY AND PUREPOINT INTERSECT UP TO 8.1% U₃O₈ AT DORADO PROJECT
Prnewswire· 2025-09-18 10:30
Accessibility StatementSkip Navigation TORONTO, Sept. 18, 2025 /PRNewswire/ -Â IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO)Â ("IsoEnergy") and Purepoint Uranium Group Inc. (TSXV: PTU) (OTC: PTUUF) ("Purepoint") today announced the receipt of partial assay results from the summer drill program at the companies' 50/50 joint venture Dorado Project (the "Dorado Project"), located on the southeastern margin of Saskatchewan's Athabasca Basin. The highlight comes from drill hole PG25-07A, which returned 2.1 met ...
City View Signs Definitive Securities Purchase Agreement with Arkenyield
Newsfile· 2025-09-18 10:30
City View Signs Definitive Securities Purchase Agreement with ArkenyieldArkenyield's cutting-edge digital asset yield platform is focused on generating robust stablecoin-based returns.September 18, 2025 6:30 AM EDT | Source: City View Green Holdings Inc.Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) (FSE: CVY0) (the "Company" or "City View"), is pleased to announce that, further to its press release of July 15, 2025, it has ...
U.S. Oil Production Is On Pace For A New Record, But Growth Is Slowing
Forbes· 2025-09-18 10:25
FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and gas-producing Permian Basin, which covers a large swathe of west Texas, leading the way. Permian Basin towns of Midland and Odessa notched 2.6 and 3.5 percent unemployment respectively, according to the report touted earlier this month by Gov. Gregg Abbott. (Photo by Brandon Bell/Getty Images)Getty ImagesFor the past t ...
Starbucks Stock To $40?
Forbes· 2025-09-18 10:25
Core Insights - Starbucks stock has decreased by approximately 15% over the last year, with historical data suggesting potential for further declines, as the company has previously suffered greater losses than the overall market during downturns [1][2][3] Revenue Growth - Starbucks achieved an average revenue growth of around 4.7% over the last three years, with a slight increase of 0.6% in the past year, raising sales from $36 billion to $37 billion [3] - Recent quarterly revenue rose 3.8% year-over-year, reaching $9.5 billion compared to $9.1 billion during the same period last year [3] - However, same-store sales experienced a global decline of 2% in the most recent quarter, with North America seeing a 3% drop in transaction volumes [4] Margin Compression - Operating income for the last year was $3.8 billion, resulting in a margin of 10.5%, while net income was approximately $2.6 billion, leading to a slim margin of 7.2% [5] - Operating margins in North America have fallen from above 20% to closer to 13%, influenced by rising labor costs, increased coffee bean prices, and the "Back to Starbucks" reinvestment strategy requiring over $3 billion in spending [7] Valuation Concerns - Starbucks stock is currently priced near $83, with projections indicating a potential drop to $40, representing a 50% decline if revenue growth stagnates and margins remain compressed [2][8] - EPS is projected to decline from $3.31 in FY 2024 to $2.20 in FY 2025, before partially recovering to $2.71 in FY 2026, indicating weaker profitability compared to previous years [8] - The stock trades at high multiples of 37x forward earnings for FY 2025 and 30x for FY 2026, significantly higher than peers like Coca-Cola and McDonald's [9] Long-term Outlook - Despite current challenges, Starbucks maintains long-term recovery potential due to its global scale, premium brand, and effective loyalty program, which provide pricing power and international growth opportunities [10]