Latest news with #Caravel
The Sun
31-07-2025
- Business
- The Sun
Join Yonder and get one month FREE and £50 worth of reward points
REWARDS card provider Yonder is offering new members the first month free and £50 worth of points. The points can be redeemed on any of its experiences or travel offers, helping members save on fun days out or their next trip abroad this summer. Explore your options with Yonder New members will receive 10,000 Yonder points, worth £50, plus additional points earned for every pound spent on your card when signing up for a full membership. These points can be used for everything from theatre tickets in London's West End, luxurious dining experiences, or cheaper flights towards your next holiday. Unlike American Express and other reward card providers, Yonder members can choose between a credit and debit card. Full membership Yonder credit card users can earn up to five points per pound spent, and Yonder debit card holders can earn up to four points. Shop with one of Yonder's partners, which includes florist Freddie's Flowers and European dining franchise Caravel, and you can boost your points to 25 per pound spent. How to claim £50 worth of points with Yonder Yonder is offering new members the first month free when signing up for a full membership. As part of the offer *, eligible users will receive 10,000 bonus membership points when joining, worth £50 in vouchers. After the first month, user will be required to pay a £15 monthly fee. If you choose a free membership, you'll only earn 1,000 membership points when joining – which is worth £5 in points. Whether it be a paid membership or a free card, you can apply for a Yonder card here. Yonder also has a free account where you can earn one point per pound spent, regardless of the card type. Remember, to take full advantage of these points make sure to pay your card back in full each month. This will avoid any interest charges, which could quickly add up and cost more than the value of your perks. Where can I spend my points? Yonder's rewards cover a range of unique, curated experiences, including tickets to Abba Voyage, dining at Italian-eatery Padella, and Frive meal delivery service. The city-based rewards can be used in London, Manchester, Birmingham, Bristol or Bath, with access to more online lifestyle and travel experiences that can be redeemed across the UK. Only full members can redeem their points with Yonder Flights, which features Emirates, EasyJet, British Airways and hundreds of other airline partners for discounted airfares. All card users can also redeem their points with Unplugged, a holiday home rental service and Turo, a car rentals platform. Travelling with Yonder rewards Yonder users can also earn points while on holiday. All cards come with no fees on spending abroad, and full members can enjoy a few other travel-related benefits. This includes worldwide travel insurance worth up to £275 a year. It comes with cancellation cover of up to £7,500, medical bill cover of up to £1 million, and even winter sports cover of up to £500. As a regulated provider, all credit cards offer Section 75 protection, which makes Yonder equally responsible for any purchases that go wrong. Debit cards, meanwhile, offer FSCS protection, which protects up to £85,000 of your money in the unlikely event Yonder goes bust. * You'll need to be over 18 and a UK resident to apply. Approval is based on some financial info you share with us. Only spend what you can afford to pay back. Yonder Full Credit Card: The representative rate is 66.0% APR variable. If you're approved, a £15 monthly membership fee applies. For more information and full T&Cs, head to
Yahoo
16-06-2025
- Business
- Yahoo
Shipping Billionaire's $170M Power Play: Why Caravel Just Took Over Pacific Basin
Harry Banga's Caravel Group is making waves in the dry bulk shipping worldwithout saying much. As of June 12, Caravel now owns over 672 million shares of Pacific Basin (PCFBY), pushing its stake to just above 13%. That's a fast climb from the 7.5% disclosed in late March, and it makes Caravel the company's largest shareholder. With Pacific Basin valued around $1.3 billion and posting $2.6 billion in adjusted revenue last year, this is no passive holding. This is a calculated, high-conviction bet on global commodity demand. Warning! GuruFocus has detected 4 Warning Sign with PCFBY. Caravel, founded by Banga in 2013 after decades in commodity trading, knows this space inside out. The firm operates or manages over 650 vessels across its shipping and asset management arms, giving it rare visibility into freight flows and pricing power. A Caravel spokesperson told Bloomberg the stake reflects the company's confidence in Pacific Basin's future, suggesting this isn't a short-term tradeit's a positioning move for the next cycle. With bulk shipping often overlooked during tech-dominated rallies, this type of insider conviction may signal opportunity brewing beneath the surface. And this isn't the Banga family's only strategic move. They're also among the top three shareholders in FSN E-Commerce Ventures, parent of Indian beauty giant Nykaa, which pulled off a $715 million IPO in 2021. Harry's son, Angad BangaCaravel's COOhas been active on the venture side too, co-founding Sorin Investments with ex-KKR India chief Sanjay Nayar. From shipping lanes to startup land, this family isn't chasing headlines. They're quietly building exposure across Asia's next growth curve. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Shipping Billionaire's $170M Power Play: Why Caravel Just Took Over Pacific Basin
Harry Banga's Caravel Group is making waves in the dry bulk shipping worldwithout saying much. As of June 12, Caravel now owns over 672 million shares of Pacific Basin (PCFBY), pushing its stake to just above 13%. That's a fast climb from the 7.5% disclosed in late March, and it makes Caravel the company's largest shareholder. With Pacific Basin valued around $1.3 billion and posting $2.6 billion in adjusted revenue last year, this is no passive holding. This is a calculated, high-conviction bet on global commodity demand. Warning! GuruFocus has detected 4 Warning Sign with PCFBY. Caravel, founded by Banga in 2013 after decades in commodity trading, knows this space inside out. The firm operates or manages over 650 vessels across its shipping and asset management arms, giving it rare visibility into freight flows and pricing power. A Caravel spokesperson told Bloomberg the stake reflects the company's confidence in Pacific Basin's future, suggesting this isn't a short-term tradeit's a positioning move for the next cycle. With bulk shipping often overlooked during tech-dominated rallies, this type of insider conviction may signal opportunity brewing beneath the surface. And this isn't the Banga family's only strategic move. They're also among the top three shareholders in FSN E-Commerce Ventures, parent of Indian beauty giant Nykaa, which pulled off a $715 million IPO in 2021. Harry's son, Angad BangaCaravel's COOhas been active on the venture side too, co-founding Sorin Investments with ex-KKR India chief Sanjay Nayar. From shipping lanes to startup land, this family isn't chasing headlines. They're quietly building exposure across Asia's next growth curve. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
16-06-2025
- Business
- Business Standard
Banga family's Caravel becomes biggest shareholder in Pacific Basin
Caravel disclosed a 7.5 per cent stake in late March, and since then it has steadily expanded its holding in Pacific Basin Bloomberg Indian tycoon Harry Banga's Caravel Group has become the biggest shareholder in Pacific Basin Shipping Ltd, in a major bet on demand for transport of dry bulk commodities. Caravel owned 672.7 million shares in Pacific Basin as of June 12, representing a just over 13 per cent stake in the company, according to filings to the Hong Kong stock exchange. Caravel disclosed a 7.5 per cent stake in late March, and since then it has steadily expanded its holding in Pacific Basin, which has a market capitalization of about $1.3 billion. Caravel Group 'is a committed long-term shareholder, and the position reflects the company's confidence in Pacific Basin's future,' the firm said in an emailed statement to Bloomberg News. The Banga family is also an investor in Indian ventures such as FSN E-Commerce Ventures Ltd., which operates beauty site Nykaa. It listed in Mumbai in 2021 after a $715 million IPO. The Banga family is among its top three shareholders. Harry's son Angad Banga, Caravel Group's chief operating officer, is also a general partner at Sorin Investments, an early-stage venture capital firm which he co-founded with former KKR India Chief Executive Officer Sanjay Nayar.
Time of India
16-06-2025
- Business
- Time of India
Indian tycoon's Caravel charts new course with biggest stake in Pacific Basin
Indian tycoon Harry Banga 's Caravel Group has emerged as the biggest shareholder in Pacific Basin Shipping Ltd , signalling a major bet on growing global demand for dry bulk commodity transport . As of June 12, Caravel held 672.7 million shares in Pacific Basin, giving it a stake of just over 13%, Bloomberg reported, citing regulatory filings to the Hong Kong stock exchange . This follows Caravel's initial disclosure of a 7.5% holding in late March, after which it steadily increased its ownership in the company, which is currently valued at around $1.3 billion. Caravel Group said in an emailed statement to Bloomberg News, 'Caravel Group is a committed long-term shareholder, and the position reflects the company's confidence in Pacific Basin's future.' Harry Banga is chairman and chief executive officer of Caravel Group, which he launched in 2013 after working for more than two decades at one of Asia's largest commodity trading firms. The company's business spans ship management , commodity trading and asset management. According to its website, Caravel currently operates, manages or owns more than 650 vessels. Pacific Basin, which owns and operates dry bulk cargo ships, reported adjusted revenue of about $2.6 billion last year. It is the sixth-largest marine shipping company listed on the Hong Kong stock exchange in terms of market value, according to data compiled by Bloomberg. Live Events The Banga family also holds stakes in Indian ventures, including FSN E-Commerce Ventures Ltd ., the parent company of beauty platform Nykaa. Nykaa was listed in Mumbai in 2021 following an initial public offering that raised $715 million. The Banga family ranks among the top three shareholders in the company. Harry Banga's son, Angad Banga , is the chief operating officer of Caravel Group. He is also a general partner at Sorin Investments , an early-stage venture capital firm he co-founded with Sanjay Nayar, the former Chief Executive Officer of KKR India. (with inputs from Bloomberg)
