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L&T rises on bagging order to build urea plant in Australia Larsen & Toubro is currently trading at Rs. 2673.80, up by 10.00 points or 0.38% from its previous closing of Rs. 2663.80 on the BSE. The scrip opened at Rs. 2673.70 and has touched a high and low of Rs. 2680.00 and Rs. 2663.00 respectively. So far 14534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2693.95 on 16-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022. Last one week high and low of the sc...
L&T rises on bagging order to build urea plant in Australia
L&T rises on bagging order to build urea plant in Australia
Source: Accord Fintech
22/08/2023 11:15:32 AM
Soaring yields leave stocks struggling for headway Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound. Benchmark 10-year U.S. Treasury yields rose about 2.5 basis points (bps) in early Tokyo trade to 4.366%, extending an overnight rise to hit their highest since 2007. [US/] Yields go up when bond prices go down. U.S. Ten-year yields are up al...
Soaring yields leave stocks struggling for headway
Soaring yields leave stocks struggling for headway
Source: Reuters
22/08/2023 9:03:13 AM
IBSA World Games: India women's blind cricket team beat Australia, men's side loses to Pakistan Indian men's blind cricket team suffered a heartbreaking defeat against Pakistan in their opening match of the International Blind Sports Federation (IBSA) World Games 2023 in Birmingham on Sunday. Pakistan defeated India by 18 runs to begin their IBSA World Games 2023 campaign with a resounding victory over the Men In Blue. However, the Indian women's blind cricket team thrashed Australia in their opening match by eight wickets. In the men's game, India needed 34 runs in th...
IBSA World Games: India women's blind cricket team beat Australia, men's side loses to Pakistan
IBSA World Games: India women's blind cricket team beat Australia, men's side loses to Pakistan
Source: IANS
21/08/2023 4:49:42 PM
Australia`s Usman Khawaja aiming to tick three boxes for continuing to play Test cricket Australia’s veteran opener Usman Khawaja said he will aim to continue playing Test cricket for a long time if he continues to tick three crucial boxes with the side. Khawaja scored 496 runs in the recently-concluded Ashes 2023, being the highest run-scorer of the series, which ended in a 2-2 draw. The next Ashes series will be held in Australia in 2025-26. "In 2025…one series at a time I go with. You can get ahead of yourself and look to that time (in 2025) and think, ...
Australia`s Usman Khawaja aiming to tick three boxes for continuing to play Test cricket
Australia`s Usman Khawaja aiming to tick three boxes for continuing to play Test cricket
Source: IANS
20/08/2023 12:06:41 PM
Victories over World Cup semifinalists gives Australia belief: Yallop Australia's Matildas believe they can win the FIFA Women's World Cup after recent victories over all their fellow semifinalists, says midfielder Tameka Yallop. The Matildas will play their first World Cup semifinal against reigning European champions England on Wednesday night. The winner will face either Sweden or Spain in the World Cup final at Stadium Australia on Sunday night, reports Xinhua. Ahead of the clash, the Australians on Monday hit the training track in Sydney for ...
Victories over World Cup semifinalists gives Australia belief: Yallop
Victories over World Cup semifinalists gives Australia belief: Yallop
Source: IANS
15/08/2023 9:50:17 AM
Gustavsson backs Australia's fitness for World Cup quarters Australian coach Tony Gustavsson has backed his squad's fitness to get them over the line against France on Saturday. The Matildas have used 17 of 23 players in their run to the quarter-finals of the FIFA Women's World Cup - the fewest of any team left in the tournament - and given substitutes an average of 19 minutes on the pitch, reports Xinhua. Eight Australian players have played more than 300 minutes at their home World Cup. By comparison, quarter-final opponents France ...
Gustavsson backs Australia's fitness for World Cup quarters
Gustavsson backs Australia's fitness for World Cup quarters
Source: IANS
12/08/2023 11:37:19 AM
Reliance Industries, Brookfield to explore renewable energy opportunities in Australia Reliance Industries, India's largest company by market capitalisation, said on Tuesday that it had signed an agreement with Brookfield Asset Management to explore the manufacturing of renewable energy and decarbonisation equipment in Australia.
Reliance Industries, Brookfield to explore renewable energy opportunities in Australia
Reliance Industries, Brookfield to explore renewable energy opportunities in Australia
Source: Reuters
1/08/2023 9:14:51 AM
World Aquatics C`ships: Leon Marchand claims second gold medal; Mollie O`Callaghan breaks women`s 200m freestyle world record  France's Leon Marchand claimed his second gold medal while Australia's Mollie O'Callaghan broke the women's 200m freestyle world record at the World Aquatics Championships on Wednesday. Leon Marchand made a big move by adding the men's 200m butterfly title to his 400m individual medley victory. The 21-year-old emerged victorious in 1:52.43. Poland's 19-year-old Krzysztof Chmielewski finished second in 1:53.62. Tomoru Honda captured bronze, Japan's secon...
World Aquatics C`ships: Leon Marchand claims second gold medal; Mollie O`Callaghan breaks women`s 200m freestyle world record
World Aquatics C`ships: Leon Marchand claims second gold medal; Mollie O`Callaghan breaks women`s 200m freestyle world record
Source: IANS
27/07/2023 9:47:13 AM
New Zealand, Australia Prime Minister's meet to celebrate close ties New Zealand Prime Minister Chris Hipkins and his Australian counterpart Anthony Albanese met here on Wednesday for their first annual Australia-New Zealand Leaders' Meeting and the celebration of several anniversaries. The meeting took place as both countries celebrate the 40th anniversary of Closer Economic Relations (CER), the 50th anniversary of the Trans-Tasman Travel Arrangement, and the 80th anniversary of diplomatic representation, said a New Zealand government statement. &qu...
New Zealand, Australia Prime Minister's meet to celebrate close ties
New Zealand, Australia Prime Minister's meet to celebrate close ties
Source: IANS
26/07/2023 4:13:21 PM
Eicher Motors rises as its arm crosses 2 lakh sales of Hunter 350 model Eicher Motors is currently trading at Rs. 3351.75, up by 25.90 points or 0.78% from its previous closing of Rs. 3325.85 on the BSE. The scrip opened at Rs. 3326.05 and has touched a high and low of Rs. 3359.35 and Rs. 3326.05 respectively. So far 3315 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3886.00 on 01-Nov-2022 and a 52 week low of Rs. 2835.95 on 28-Mar-2023. Last one week high and low of the scrip sto...
Eicher Motors rises as its arm crosses 2 lakh sales of Hunter 350 model
Eicher Motors rises as its arm crosses 2 lakh sales of Hunter 350 model
Source: Accord Fintech
26/07/2023 11:32:28 AM
Asian shares mostly weaker as markets mull Fed rate rise Asian markets were trading mostly weaker on Wednesday ahead of the U.S. Federal Reserve's expected interest rate rise to be delivered later in the day, as investors also weighed the likelihood of a Chinese economic stimulus package. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks ended the previous session with mild gains. The index is up 3.8% so far this month. The yield on benchmark 10-year Treasury notes rose to 3.8924%, compared with it...
Asian shares mostly weaker as markets mull Fed rate rise
Asian shares mostly weaker as markets mull Fed rate rise
Source: Reuters
26/07/2023 8:46:23 AM
World Aquatics Championships : Three world records fall as Australia win four gold medals in swimming Three world records, including the oldest one, fell and four out of five gold medals went to Australia in the first day's swimming competition at the World Aquatics Championships here on Sunday. Frenchman Leon Marchand broke Michael Phelps' 15-year-world record in men's 400 metres individual medley when he retained his world title in four minutes 2.50 seconds, trimming 1.34 seconds off the previous mark of 4:03.84, reports Xinhua. Phelps' time, the oldest long-course swi...
World Aquatics Championships : Three world records fall as Australia win four gold medals in swimming
World Aquatics Championships : Three world records fall as Australia win four gold medals in swimming
Source: IANS
24/07/2023 11:02:30 AM
Cricket Australia mourns the passing away of Test `keeper Brian Taber Cricket Australia expressed its profound grief at the sad demise of former Australian and NSW wicketkeeper Brian Taber. Taber, who played 16 Test matches for Australia between 1966/70, passed away on Friday aged 83. Widely regarded as one of the best wicketkeepers to represent Australia, Taber was renowned for his impeccable glovework and calm demeanour behind the stumps. On Test debut against South Africa in Johannesburg, Taber took seven catches and a stumping. He went on to accumulat...
Cricket Australia mourns the passing away of Test `keeper Brian Taber
Cricket Australia mourns the passing away of Test `keeper Brian Taber
Source: IANS
22/07/2023 12:41:34 PM
Renewables remain Australia's cheapest electricity source despite cost spike  Wind and solar remain Australia's cheapest sources of electricity generation despite a rise in technology costs, a new report revealed on Tuesday. The Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Australian Energy Market Operator published the annual GenCost report for 2022-23, revealing that all technology costs increased over the last 12 months by an average of 20 per cent, reports Xinhua news agency. It is the first time since GenCost was first p...
Renewables remain Australia's cheapest electricity source despite cost spike
Renewables remain Australia's cheapest electricity source despite cost spike
Source: IANS
19/07/2023 9:55:29 AM
Ricky Ponting sees traits of Dhoni in Ben Stokes match-winning ability   Former Australia captain Ricky Ponting has compared Ben Stokes' match-winning ability with that of India great MS Dhoni, who is regarded as the best finisher in the modern game, and believes the England skipper excels at handling pressure more than most of his current contemporaries. During the second Ashes Test against Australia at Lord's, Stokes almost single-handedly dragged his side over the line with a brilliant century that included a record-breaking nine sixes. ...
Ricky Ponting sees traits of Dhoni in Ben Stokes match-winning ability
Ricky Ponting sees traits of Dhoni in Ben Stokes match-winning ability
Source: IANS
5/07/2023 3:23:56 PM
Women`s Ashes: Beth Mooney`s unbeaten 61 leads Australia to four-wicket win over England An unbeaten 61 off 47 balls by opener Beth Mooney helped Australia beat England by four wickets with one ball to spare in the first T20I of the Women’s Ashes at Edgbaston. Australia’s thrilling victory also means they are now at six points as compared to England, who are yet to get off the mark in the ongoing multi-format Ashes series and need just one more win in the remaining two T20Is and three ODIs to retain the trophy. Beth was calmly spearheading the chase despite a mi...
Women`s Ashes: Beth Mooney`s unbeaten 61 leads Australia to four-wicket win over England
Women`s Ashes: Beth Mooney`s unbeaten 61 leads Australia to four-wicket win over England
Source: IANS
2/07/2023 5:04:28 PM
M&M rises on launching SUV XUV700 in Australia Mahindra & Mahindra is currently trading at Rs. 1392.05, up by 13.20 points or 0.96% from its previous closing of Rs. 1378.85 on the BSE. The scrip opened at Rs. 1380.10 and has touched a high and low of Rs. 1397.80 and Rs. 1366.10 respectively. So far 30113 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1420.00 on 07-Jun-2023 and a 52 week low of Rs. 972.90 on 22-Jun-2022. Last one week high and low of the...
M&M rises on launching SUV XUV700 in Australia
M&M rises on launching SUV XUV700 in Australia
Source: Accord Fintech
15/06/2023 11:31:47 AM
'I'm going to go 3-2 to England': Nasser Hussain backs Stokes' team to reclaim Ashes series Former skipper Nasser Hussain has backed England to reclaim the Ashes from Australia as they ride a wave of momentum since Ben Stokes took the reins as captain of the Test team. England have not won the Ashes since a 3-2 home series victory in 2015, as Australia dominated whenever hosts since then with 4-0 scorelines in both 2017/18 and 2021/22. Australia also retained the urn when touring England in 2019, as the five-match series was drawn 2-2 after the hosts claimed the last Test at T...
'I'm going to go 3-2 to England': Nasser Hussain backs Stokes' team to reclaim Ashes series
'I'm going to go 3-2 to England': Nasser Hussain backs Stokes' team to reclaim Ashes series
Source: IANS
14/06/2023 5:25:43 PM
England will be playing Boland like a 'spinner' in Ashes, says Michael Vaughan Former England captain Michael Vaughan expressed his belief that Brendon McCullum's team would adopt a strategy of treating Australian fast bowler Scott Boland "like a spinner" during the upcoming Ashes series, starting from June 16. Having endured a lengthy period on the sidelines, Boland has made a remarkable beginning to his international career. The fast bowler has impressively claimed 33 wickets in just eight Test matches, maintaining an average of 14.6. The 34-year-o...
England will be playing Boland like a 'spinner' in Ashes, says Michael Vaughan
England will be playing Boland like a 'spinner' in Ashes, says Michael Vaughan
Source: IANS
14/06/2023 4:47:56 PM
Dollar droops as bets build for Fed pause, yuan at 6-mth low The dollar fell to near a three-week low to the euro and a one-month low versus sterling on Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will skip an interest rate hike later in the day. China's yuan sagged to a 6-1/2-month trough, continuing its slide after the central bank cut rates on Tuesday, amid speculation even more stimulus is on the way to support the sputtering post-COVID economic recovery. The dollar index - which measu...
Dollar droops as bets build for Fed pause, yuan at 6-mth low
Dollar droops as bets build for Fed pause, yuan at 6-mth low
Source: IANS
14/06/2023 8:57:21 AM
WTC Final: I fail to understand the exclusion of Ashwin, says Tendulkar after India's defeat Cricket legend Sachin Tendulkar has congratulated Australia on winning the World Test Championship 2023 title but said he still fails to understand the exclusion of off-spinner Ravichandran Ashwin from the playing XI for the final that India lost by 209 runs. Australia's victory was set up on Day One of the five-day match by a 285-run partnership between Player of the Match Travis Head (163) and Steve Smith (121) after Australia were sent in to bat first by India. Australia reached 469...
WTC Final: I fail to understand the exclusion of Ashwin, says Tendulkar after India's defeat
WTC Final: I fail to understand the exclusion of Ashwin, says Tendulkar after India's defeat
Source: IANS
12/06/2023 12:42:00 PM
Gold eases on stronger dollar, focus on central bank meetings -Gold prices dipped on Monday as the U.S. dollar edged higher, and investors positioned for a series of major central bank policy meetings this week, with a likely pause in interest rate hikes by the U.S. Federal Reserve. Spot gold fell 0.3% to $1,954.78 per ounce by 0235 GMT. U.S. gold futures fell 0.4% to $1,969.10. Markets in Australia were closed on Monday due to a public holiday. "While the Fed is expected to hold their interest rate, they are unlikely to deliver a dovish u...
Gold eases on stronger dollar, focus on central bank meetings
Gold eases on stronger dollar, focus on central bank meetings
Source: Reuters
12/06/2023 9:09:39 AM
WTC Final: David Warner has done enough to feature in Australia`s playing XI in Ashes, says Steve O`Keefe Former Australia spinner Steve OKeefe believes veteran left-handed opener David Warner has done enough for getting himself selected in the playing eleven for the highly-anticipated Ashes. Warner had come into the ongoing World Test Championship Final against India on the back of a lean run in the format. At The Oval, Warner looked solid before falling for 43 in the first innings, before being out for just one in the second innings. "I think he's done enough (for Ashes playing e...
WTC Final: David Warner has done enough to feature in Australia`s playing XI in Ashes, says Steve O`Keefe
WTC Final: David Warner has done enough to feature in Australia`s playing XI in Ashes, says Steve O`Keefe
Source: IANS
10/06/2023 5:25:37 PM
It would be difficult for England to go Bazball against this Aussie bowling attack: Steve Smith Australia's superb bowling effort on the second afternoon of the World Test Championship (WYC) Final with India has raised questions about how England's Bazball tactics will fare against this bowling unit in the five-match Ashes series starting later this month. Former Australia skipper Steve Smith said it would be difficult for the England batters, who are currently following the high-tempo aggressive style of break-neck scoring runs introduced by former New Zealand skipper Brendo...
It would be difficult for England to go Bazball against this Aussie bowling attack: Steve Smith
It would be difficult for England to go Bazball against this Aussie bowling attack: Steve Smith
Source: IANS
9/06/2023 12:06:52 PM
There was more pace in the wicket on Day 2: Mohammad Siraj "There was sticky bounce yesterday; the pace went up today," India pacer Mohammed Siraj told a press conference at the end of Day 2 of the World Test Championship against Australia, here on Thursday. Siraj, who was India's most successful bowler with four wickets in Australia's first innings, maintained that his team bowled well despite the opposition posting a total of 469. He said: "We also bowled well (compared to the Australians), otherwise they would have s...
There was more pace in the wicket on Day 2: Mohammad Siraj
There was more pace in the wicket on Day 2: Mohammad Siraj
Source: IANS
9/06/2023 10:49:03 AM
WTC Final, Day 2: Smith, Head and bowlers put Australia in pole position against India  For the second straight day, Australia maintained their pole position in the World Test Championship final against India at The Oval. On Thursday, they posted 469 in first innings, thanks to Travis Head's 163 and Steve Smith's 121, his 31st Test hundred along with Alex Carey's cameo of 48. The potent Aussie bowling unit used fuller deliveries and bounce in the pitch to good effect to leave India on 151/5 in 38 overs at stumps, with Australia still leading by 318 runs. All...
WTC Final, Day 2: Smith, Head and bowlers put Australia in pole position against India
WTC Final, Day 2: Smith, Head and bowlers put Australia in pole position against India
Source: IANS
9/06/2023 10:06:33 AM
WTC Final: India stage fightback with four wickets as Australia reach 422/7 at lunch After taking only three wickets on day one of World Test Championship final at The Oval, India staged a spirited fightback in the first session of second day's play with four scalps, including of centurions Travis Head and Steve Smith, as Australia reached 422/7 in 109 overs at lunch, here on Thursday. Though Australia are still ahead in the final as they amassed 95 runs in the morning session, they weren't able to dominate thoroughly thanks to the Indian bowling line-up sticking t...
WTC Final: India stage fightback with four wickets as Australia reach 422/7 at lunch
WTC Final: India stage fightback with four wickets as Australia reach 422/7 at lunch
Source: IANS
8/06/2023 6:00:43 PM
An expected status quo: Monetary Policy review June 2023  In the run-up to the World Test Championship Final between India and Australia at The Oval, there was a huge debate over whether ace off-spinner Ravichandran Ashwin will make it to the playing eleven or not. With 474 wickets in 92 matches at a strike-rate of 51.8, including 32 five-wicket/innings hauls, keeping Ashwin, the top-ranked Test bowler, out of the marquee clash as India preferred four fast-bowlers has invited criticism from former cricketers of both nations. The Oval pit...
An expected status quo: Monetary Policy review June 2023
An expected status quo: Monetary Policy review June 2023
Source: IANS
8/06/2023 4:57:26 PM
WTC Final: 'Hopefully I don't get dropped too much in the future', says Australia's Travis Head Australian batter Travis Head has said the outcome of a selection process is often beyond his influence but hoping he doesn't get dropped too much in the future after his impressive batting display against India on Day 1 of the World Test Championship Final at the Oval. Head came out all guns blazing on Wednesday, registering the score of an unbeaten 146 off 156 balls, laced with 22 fours and a six, to score his first overseas century as well as the first-ever hundred in the short hist...
WTC Final: 'Hopefully I don't get dropped too much in the future', says Australia's Travis Head
WTC Final: 'Hopefully I don't get dropped too much in the future', says Australia's Travis Head
Source: IANS
8/06/2023 3:00:42 PM
Global housing outlook brightens despite pressure from higher rates The outlook for most major housing markets has improved slightly from three months ago despite high interest rates, according to Reuters polls of property analysts who were mostly split on whether affordability would worsen or not. House prices rose at a blistering pace across the developed world during the COVID pandemic - in some cases by more than 50% - but have fallen over the past year by modest amounts as central banks jacked up interest rates. Higher borrowing costs have made onl...
Global housing outlook brightens despite pressure from higher rates
Global housing outlook brightens despite pressure from higher rates
Source: Reuters
6/06/2023 4:15:27 PM
WTC Final: Culture right now in Indian team is really good, feels Ajinkya Rahane Back in the Indian Test team for the first time after January 2022, veteran middle-order batter Ajinkya Rahane feels the culture in the current team is really good right now as the Rohit Sharma-led side gears up for the 2023 World Test Championship final. India will take on Australia at The Oval in the WTC final from June 7-11. This will be the second time India will be playing in the marquee one-off final after losing to New Zealand in the inaugural edition of the title clash in 2021. ...
WTC Final: Culture right now in Indian team is really good, feels Ajinkya Rahane
WTC Final: Culture right now in Indian team is really good, feels Ajinkya Rahane
Source: IANS
3/06/2023 5:03:32 PM
Australia raises minimum wage by 5.75% amid inflation  Australia's industrial relations tribunal has granted a 5.75 per cent increase in the national minimum wage, the Fair Work Commission (FWC) announced on Friday, adding that the adjustments will take effect on July 1. The increase falls between the 7 per cent rise advocated by the Australian Council of Trade Unions and the about 4 per cent sought by employer groups, reports Xinhua news agency. Announcing the decision, the FWC said the current combination of economic circumstanc...
Australia raises minimum wage by 5.75% amid inflation
Australia raises minimum wage by 5.75% amid inflation
Source: IANS
3/06/2023 9:59:56 AM
Sun Pharmaceutical Industries gains on entering into licensing agreement with Philogen Sun Pharmaceutical Industries is currently trading at Rs. 970.15, up by 10.95 points or 1.14% from its previous closing of Rs. 959.20 on the BSE. The scrip opened at Rs. 966.45 and has touched a high and low of Rs. 978.30 and Rs. 961.60 respectively. So far 47833 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1071.90 on 30-Jan-2023 and a 52 week low of Rs. 789.75 on 17-Jun-2022. Last one week high and low of th...
Sun Pharmaceutical Industries gains on entering into licensing agreement with Philogen
Sun Pharmaceutical Industries gains on entering into licensing agreement with Philogen
Source: Accord Fintech
31/05/2023 1:42:27 PM
Global stocks and oil prices rise following US debt ceiling agreement Global stocks and oil prices moved higher on Monday as investors gave a cautious welcome to news of an agreement that could avert a catastrophic US debt default, media reports said. Germany's DAX was up 0.3 per cent in early trade, with France's CAC 40 edging up 0.2 per cent. In Asia, Japan's Nikkei 225 closed at a 33 year high, boosted by optimism over the debt ceiling deal and a weaker yen, which lifted exporters. The index has rallied nearly 20 per cent this year, CNN report...
Global stocks and oil prices rise following US debt ceiling agreement
Global stocks and oil prices rise following US debt ceiling agreement
Source: IANS
30/05/2023 9:44:46 AM
Australian PM vows to fix care economy  Australia's Prime Minister Anthony Albanese on Sunday launched his plan to fix the country's aged care, disability, veterans and early childhood services. Albanese released the draft National Strategy for the Care and Support Economy, vowing to deliver high quality care and support for every Australian, Xinhua news agency reported. Albanese said he wanted input from the public on how the system can be improved. "The care and support workforce is integral to the Aus...
Australian PM vows to fix care economy
Australian PM vows to fix care economy
Source: IANS
28/05/2023 5:18:24 PM
UPL gains on introducing two new insecticides in North American Market UPL is currently trading at Rs. 682.05, up by 6.35 points or 0.94% from its previous closing of Rs. 675.70 on the BSE. The scrip opened at Rs. 676.00 and has touched a high and low of Rs. 684.95 and Rs. 676.00 respectively. So far 6145 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 807.00 on 05-Dec-2022 and a 52 week low of Rs. 607.80 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 685.45 a...
UPL gains on introducing two new insecticides in North American Market
UPL gains on introducing two new insecticides in North American Market
Source: Accord Fintech
26/05/2023 10:33:36 AM
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. However, the list excludes investment from countries like Singapore, Netherlands and Mauritius. The government had in the Budget brought overseas investment in unlisted closely held companies, except DPIIT recognised startups, under the Angel Tax net. Following that, the startup and venture capital industry sought exemption...
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax
CBDT notifies 21 countries from where investment in unlisted Indian startups to be exempt from angel tax
Source: Accord Fintech
26/05/2023 9:53:33 AM
Dollar ascendant amid resilient US economy, haven demand The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a resilient U.S. economy led traders to pare their bets on rate cuts this year. The greenback has also benefited from demand for safe havens, paradoxically as a U.S. debt ceiling impasse threatens a disastrous default as soon as June 1, when the Treasury has warned it would be unable to pay all its bills. The dollar touched $1.07425 per euro early in the Asian session for the first...
Dollar ascendant amid resilient US economy, haven demand
Dollar ascendant amid resilient US economy, haven demand
Source: Reuters
25/05/2023 9:02:34 AM
Dollar hovers near 2-month high as debt ceiling angst saps risk appetite The U.S. dollar held near a two-month high on Wednesday on safe-harbour demand as negotiations over raising the U.S. debt ceiling dragged on with no imminent resolution in sight. Treasury Secretary Janet Yellen has warned that the federal government could no longer have enough money to pay all its bills as soon as June 1, raising the risk of a damaging default. Investors largely shunned riskier investments as another round of talks between the White House and the Republicans to raise th...
Dollar hovers near 2-month high as debt ceiling angst saps risk appetite
Dollar hovers near 2-month high as debt ceiling angst saps risk appetite
Source: Reuters
24/05/2023 9:07:48 AM
Mutual trust & respect bind India-Australia ties: PM Modi While addressing a massive crowd of the Indian diaspora in Sydney on Tuesday, Prime Minister Narendra Modi said that mutual trust and respect are the elements that bind India and Australia ties. He made the remarks at an event at the Qudos Bank Arena where he received a rousing welcome from the diaspora members. Upon his arrival at the arena accompanied by his Australian counterpart Anthony Albanese, Modi was welcomed amid Vedic chanting and other traditional rituals. Addressing the ...
Mutual trust & respect bind India-Australia ties: PM Modi
Mutual trust & respect bind India-Australia ties: PM Modi
Source: IANS
23/05/2023 5:45:03 PM
Modi meets Australian singer Guy Sebastian in Sydney  Prime Minister Narendra Modi, who is currently on a visit to Australia, on Tuesday met singer Guy Sebastian, who was the winner of the first Australian Idol in 2003, and called the latter "remarkable". Taking to Twitter, the Prime Minister said: "Guy Sebastian is a remarkable singer and has unparalleled passion towards music. In addition, he is passionate about social service as well. I was glad to have interacted with him today." He also attached a photo of th...
Modi meets Australian singer Guy Sebastian in Sydney
Modi meets Australian singer Guy Sebastian in Sydney
Source: IANS
23/05/2023 2:56:25 PM
LG Energy invests in Australian mining firm for lithium supply LG Energy Solution Ltd. (LGES) said it has signed an investment agreement with an Australian lithium developer in an effort to bolster the sourcing of the critical mineral used in electric vehicle (EV) batteries. Under the agreement signed with Green Technology Metals Ltd., LGES will acquire an approximately 7.89 percent stake in the Australian company and have access to 25 percent of its annual output of lithium ore concentrate for the next five years, the Seoul-based battery maker said i...
LG Energy invests in Australian mining firm for lithium supply
LG Energy invests in Australian mining firm for lithium supply
Source: IANS
21/05/2023 12:13:22 PM
Australian industry releases carbon roadmap for net zero future Australia's oil and gas industry has released a roadmap for a net zero emissions future, an official report revealed on Monday. The Australian Petroleum Production and Exploration Association (APPEA) published the report that proposed creating nine Net Zero Zones across Australia to bring gas, renewable energy and hydrogen production together with manufacturing, refineries and new industries, reports Xinhua news agency. Under the plan, the zones would be established with shared infr...
Australian industry releases carbon roadmap for net zero future
Australian industry releases carbon roadmap for net zero future
Source: IANS
15/05/2023 2:19:16 PM
PM Narendra Modi greenlights India campus for Australian university by 2023-end An Australian university, which had vehemently denied media reports of placing restrictions on Indian students last month, received official approval to establish a campus in Gujarat International Finance Tec-City (GIFT City). The University of Wollongong (UOW) received licence approval to conduct courses in India after a meeting between Prime Minister Narendra Modi and UOW Vice-Chancellor Professor Patricia M Davidson on May 12. "We are delighted to receive the approval and plan t...
PM Narendra Modi greenlights India campus for Australian university by 2023-end
PM Narendra Modi greenlights India campus for Australian university by 2023-end
Source: IANS
15/05/2023 9:28:17 AM
In budget response, Australian oppn accuses government of fuelling inflation Australia's opposition leader has charged the federal government with fuelling inflation and making life harder for millions of people. Peter Dutton, leader of the conservative Coalition, on Thursday night delivered his family-focused budget reply speech to the parliament, calling for more investment in women's health and a ban on gambling advertising during sports broadcasts, Xinhua news agency reported. He welcomed the Labor government's move to subsidize more doctor visit...
In budget response, Australian oppn accuses government of fuelling inflation
In budget response, Australian oppn accuses government of fuelling inflation
Source: IANS
12/05/2023 1:12:59 PM
Australian household spending rose to 8.2% The Australian Bureau of Statistics (ABS) revealed on Tuesday that the country's household spending rose 8.2 per cent in March compared to the same period last year. According to the latest figures released by the ABS, while non-discretionary spending increased by 13.9 per cent, the growth of discretionary goods and services slowed to 2.2 per cent, reports Xinhua news agency. "Hotels, cafes, and restaurants" and "Transport" were the main contributors to the overa...
Australian household spending rose to 8.2%
Australian household spending rose to 8.2%
Source: IANS
9/05/2023 4:27:24 PM
Australian government to subsidise power bills for millions with cost-of-living pressure Millions of Australians will receive rebates from their energy bills under a cost of living relief package. Treasurer Jim Chalmers on Sunday announced the federal budget for 2023-24, which he will hand down on Tuesday, will include about 1.5 billion Australian dollars ($1.01 billion) to subsidise the energy bills of pensioners, welfare recipients and small businesses. It means about 5.5 million households and 1 million businesses will receive relief worth up to 500 Australian dollars ($...
Australian government to subsidise power bills for millions with cost-of-living pressure
Australian government to subsidise power bills for millions with cost-of-living pressure
Source: IANS
7/05/2023 4:50:53 PM
New body to ease Australia`s transition to net zero The Australian government will establish the National Net Zero Authority (NNZA), a new body to support fossil fuel-dependent communities in the net zero transition, Minister for Climate Change & Energy Chris Bowen announced on Friday. The authority will start work on July 1 to steer private investment into clean energy opportunities and ensure that workers, industries and communities that have relied on emissions-intensive industries are not left behind in the transition, reports Xinhu...
New body to ease Australia`s transition to net zero
New body to ease Australia`s transition to net zero
Source: IANS
6/05/2023 10:54:24 AM