Brands
Libas announces the ‘Purple Days Sale’ offer
Mumbai: Libas, an ethnic fashion brand that narrates the story of a modern Indian woman is thrilled to announce the much-awaited comeback of the biggest offer of the season – ‘Purple Days Sale’ Offer. The sale is set to commence on 28 July 2023 and will run till 4 August 2023 offering fashion enthusiasts a golden opportunity to indulge in a captivating world of fashion at unbeatable prices.
With an unwavering commitment to providing customers for the upcoming festive season, Libas has gained a reputation for its ethnic wear trends for both online and in-stores. With discounts of up to 70 per cent off and an extra 15 per cent off, the ‘Purple Days Sale’ presents an irresistible opportunity for fashion enthusiasts to shop at unbeatable prices. So, make sure not to miss this golden opportunity and save the dates to catch the biggest sale of the year.
Exciting collection offers await you:
Best sellers at 70 per cent off: Embrace our most-loved fashion pieces with an incredible discount of 70 per cent. Grab the trendiest styles before they fly off the shelves!
Two Suits at Rs 2499: Double the style with two suits for just Rs 2499. Elevate your ethnic wardrobe without breaking the bank.
Buy three at Rs 1499: Mix and match from a wide selection of kurtas, kurtis, kurtis short, jumpsuits, dresses and bottoms or any three for just Rs 1499. Don’t miss this fantastic deal to expand your ethnic wardrobe with ease.
Everyday cotton suits at 65 per cent off: Experience unparalleled comfort with our everyday cotton suits, now available at a fabulous discount of 65 per cent.
Plus size picks up to 70 per cent off: Libas celebrates every body type! So explore our plus-size collection from 3XL to 6XL and enjoy discounts of up to 70 per cent off.
Silk suits at 60 per cent off: Look out for luxury and finesse with our festive suits with zari work now at an incredible discount of 60 per cent
Offerings by Libas
- Kurtas under Rs 799
Elevate your ethnic wardrobe with a delightful range of designs, colors, and patterns that cater to your unique style. Whether you prefer vibrant prints, subtle pastels, or classic motifs, the ‘Kurtas under Rs 799’ collection has something for every fashion enthusiast.
- Suits under Rs1199
Dive into the world of grace and sophistication with suits priced under Rs 1199. Embrace a wide array of options that cater to your personal taste, whether it’s bold prints, intricate embroidery, or subtle embellishments.
- Bottoms under Rs 699
Add a touch of finesse to your ethnic look with fashionable bottoms, all priced under Rs 699. Whether you prefer the grace of palazzos or the versatility of leggings, you can find the perfect match for your kurtas and suits.
- Don’t miss our cart level offers:
Five per cent off on Rs 1999: Shop for Rs 1999 or more and avail an extra five per cent discount with PUPRLE5 on your purchase.
Ten per cent off on Rs 2999: Spend Rs 2999 or more to get an additional Ten per cent off with PURPLE10 on your order.
15 per cent off on Rs 3999: Make a purchase of Rs 3999 or more and enjoy a generous 15 per cent discount along with PURPLE15
To explore the captivating collection and make your purchase, visit website or head to your nearest store. Join the fashion revolution and affordable elegance with Libas – https://www.libas.in/
Brands
Microsoft faces worst quarter since 2008 financial crisis
Cloud giant battles soaring AI costs and fierce competition from nimble startups.
MUMBAI: When the tech titan starts looking a little wobbly, even the Magnificent Seven can feel the tremors because Microsoft is currently starring in its own sequel, “Clouds and Doubts.” Microsoft is on track for its worst quarterly performance since the 2008 global financial crisis, according to Bloomberg, as investors grow increasingly uneasy about rising capital expenditure and intensifying competition from nimble AI firms. The company has been pouring money into AI infrastructure, yet markets are questioning when these hefty investments will finally deliver stronger revenue growth.
At the same time, investors are shifting away from traditional software stocks amid fears that AI startups such as Anthropic and OpenAI are developing autonomous agents capable of replacing established products, including those from Microsoft. Jonathan Cofsky, portfolio manager at Janus Henderson Investors, noted growing concern that customers may bypass Microsoft and deal directly with AI vendors, potentially disrupting its core business and putting pressure on pricing and margins.
Microsoft’s stock has tumbled 25 per cent in the first quarter, putting it on course for its largest drop since a 27 per cent fall in the fourth quarter of 2008. It has also emerged as the weakest performer among the so-called Magnificent Seven technology stocks, while a broader index tracking the group has fallen 14 per cent over the same period. The shares slipped a further 1.7 per cent after markets opened on Friday, marking a potential fourth consecutive session of declines.
Cofsky pointed out that Microsoft has become more capital intensive and that improved investor confidence will hinge on assurances that software growth will not slow materially. Despite the sell-off, the stock is now trading at less than 20 times projected earnings over the next 12 months, its lowest valuation level since June 2016. Its valuation remains slightly above that of the S&P 500 Index, although it has recently traded at a discount to the broader benchmark for the first time since 2015.
Bloomberg data shows Microsoft’s capital expenditure, including leases, is expected to surge to $146 billion in fiscal 2026, up around 66 per cent from $88 billion in fiscal 2025. Spending is projected to climb further to $170 billion in fiscal 2027 and $191 billion in fiscal 2028, based on average estimates. Investors are growing cautious about such levels of spending without clearer signs of stronger growth.
Microsoft’s Azure cloud division has reported a slight slowdown in growth compared with the previous quarter, while its Copilot AI product has seen limited user traction, prompting internal changes aimed at improving performance. Ben Reitzes, an analyst at Melius Research, warned in a March note that Microsoft’s upside in Azure could be constrained as the company works to address challenges related to its AI models and Copilot offering, adding that these issues are unlikely to be resolved in the short term.
Of the 67 analysts covering Microsoft, 63 maintain buy ratings, three hold ratings and one a sell rating. The average 12-month price target of $592 implies a potential upside of more than 64 per cent, the highest on record based on data going back to 2009. The stock is also trading below its 200-day moving average by the widest margin since 2009.
Reitzes suggested the dominance of buy ratings may indicate complacency among analysts, while highlighting risks in Microsoft’s productivity and business processes segment as well as its More Personal Computing division. In contrast, Tal Liani of Bank of America reinstated coverage with a buy rating, citing durable multi-year growth prospects across cloud and AI. Jake Seltz, portfolio manager at Allspring Global Investments, maintained that Microsoft retains strong long-term value and that its AI strategy is likely to be validated over time, viewing near-term concerns as a potential opportunity for longer-term investors.
The report highlights a growing divergence in market sentiment, with optimism around long-term AI potential weighed against immediate execution risks and investor uncertainty. In the world of big tech, even the mightiest clouds can have silver linings but right now, Microsoft’s investors are scanning the horizon for clearer skies.
