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Qualcomm to acquire UK's Alphawave for $2.4bln
Qualcomm to acquire UK's Alphawave for $2.4bln

Zawya

time09-06-2025

  • Business
  • Zawya

Qualcomm to acquire UK's Alphawave for $2.4bln

U.S. chipmaker Qualcomm on Monday agreed to acquire British semiconductor company Alphawave for about $2.4 billion. Alphawave shareholders will receive 183 pence per share under the deal, a nearly 96% premium to its closing price before Qualcomm disclosed its interest in the company. Qualcomm has also tabled an alternative share offers for Alphawave's shareholders. (Reporting by Yamini Kalia in Bengaluru; Editing by Nivedita Bhattacharjee)

Rupee ends higher as rate-cut boost for equities blunts dollar strength
Rupee ends higher as rate-cut boost for equities blunts dollar strength

Economic Times

time06-06-2025

  • Business
  • Economic Times

Rupee ends higher as rate-cut boost for equities blunts dollar strength

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian rupee strengthened modestly on Friday as the Reserve Bank of India's steepest rate cut in five years boosted local equities, helping the South Asian currency eke out a gain even as the dollar firmed against major rupee closed at 85.6250 against the U.S. dollar, up from its close at 85.79 in the previous session. The rupee declined 0.2% on the Reserve Bank of India (RBI) cut its key repo rate by 50 basis points on Friday and slashed the cash reserve ratio (CRR) for banks as low inflation gave policymakers room to focus on supporting benchmark equity indexes, the BSE Sensex and Nifty 50, about 1% each on Friday, posting their best one-day gain in two weeks as the rate cut fuelled domestic growth benchmark 10-year bond whipsawed between gains and losses as traders digested the central bank's policy moves, including a shift in stance from 'accommodative' to 'neutral.'The yield on the benchmark paper was last quoted a tad higher at 6.2237%. Meanwhile, dollar-rupee forward premiums fell in reaction to the rate cut with the 1-year implied yield dropping 10 basis points to 1.81%.The Indian central bank's "larger-than-expected 50 bps rate cut and 100 bps cut in the cash reserve ratio should support INR," DBS said in a Friday note."We will consider lowering USD/INR's forecast if the US Federal Reserve pivots towards a rate cut later this year and sets the stage for more USD weakness," the noted the day, the dollar index was up 0.3% at 98.9 in the run-up to release of closely watched U.S. non-farm payrolls data which will offer cues on how the world's largest economy is faring in the face of trade policy spurred uncertainty. (Reporting by Jaspreet Kalra; Editing by Nivedita Bhattacharjee)

Revolution Beauty Puts Itself Up For Sale
Revolution Beauty Puts Itself Up For Sale

Business of Fashion

time21-05-2025

  • Business
  • Business of Fashion

Revolution Beauty Puts Itself Up For Sale

British makeup and skin care retailer Revolution Beauty said on Wednesday it was exploring a sale after it received a preliminary takeover approach. The move comes days after the company said it was reviewing its funding structure and mulling a fundraise from key shareholders after its annual sales slumped by more than a quarter. The company did not disclose the identity of the potential bidder. Revolution Beauty had a market capitalisation of £16.6 million ($22.3 million) as of Tuesday's close. By Shashwat Awasthi; Editor: Nivedita Bhattacharjee ADVERTISEMENT Learn more: The End of the Lipstick Index After years of double-digit growth and a perception of being impervious to wider economic downturns, the beauty industry is finding that cash-strapped customers aren't interested in 'little luxuries.'

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