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New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Adoption of Bitcoin and Ethereum is poised to take a significant step forward as Charles Schwab introduces direct trading for both assets on its platform. As one of the largest financial institutions in the world, managing trillions in client assets, Schwab's entry into the crypto space represents a major bridge between traditional finance and digital assets. A $12 trillion asset ...Read More >
Born in Egypt, Anne Aly moved to Australia when she was two years old Australia's Cabinet Minister Anne Aly has landed in India as part of the Anthony Albanese government's efforts to deepen ties across the Indian Ocean region. The Australian Minister for International Development, Multicultural Affairs and Small Business will also deliver a keynote address at the NDTV World Summit on Friday at Bharat Mandapam. Aly will highlight the role of Indian-Australian communities in shaping national id ...Read More >
(Reuters) -An Australian court on Wednesday stopped U.S. drugmaker Cosette from abandoning its A$672 million ($437.6 million) takeover of Mayne Pharma, which now awaits clearance from the Foreign Investment Review Board (FIRB). The ASX-listed pharmaceutical company said on Thursday it would take all steps within its scope to implement the deal. Shares in Mayne Pharma jumped as much as 14.8% to A$6.5 at open in Sydney, but were still trading way below the A$7.40 apiece that Cosette had offered. ...Read More >
The BSE Sensex and NSE Nifty have declined more than 3% each in the past seven sessions. (Image used for representational purposes) Foreign institutional investors (FIIs) have been selling aggressively this year, offloading over Rs 2 lakh crore in equities, including Rs 33,000 crore just in September. By September 26, their total sell-off in the cash market reached nearly Rs 2 lakh crore. Last week alone, FIIs sold shares worth Rs 19,550 crore and continued as net sellers on Monday with Rs 2,80 ...Read More >
BENGALURU, Sept 10 (Reuters) - Australia's home prices will rise around 5-6% over the next two years as lower borrowing costs provide a fillip to home sales, although affordability pressures may cap gains, according to a Reuters poll of property analysts. While a 5% rise pales in comparison with past booms, any sustained growth in house prices will make it harder for first-time buyers to get a foothold in Australia's already expensive housing market - the median home price is nearly eight times ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
MUMBAI, Aug 14 (Reuters) - India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves. Further, the RBI intervened in both the onshore spot and non-deliverable forward markets that week to prevent the rupee fr ...Read More >
MUMBAI (Reuters) -India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money release. A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves. Further, the RBI intervened in both the onshore spot and non-deliverable forward markets that week to prevent the rupee from slippi ...Read More >
New Delhi, Aug 14 (PTI) IT company Infosys plans to acquire 75 per cent stake in Versent Group, a wholly-owned subsidiary of Australian telecom firm Telstra, for 233.25 million Australian dollars or about Rs 1,336 crore, the company said in a regulatory filing. The acquisition is part of strategic collaboration between Infosys and Telstra to form a joint venture to provide AI-enabled cloud and digital solutions for Australian businesses. "Infosys will acquire 75 per cent of the shareholding in ...Read More >
Aug 14 (Reuters) - Australian power producer Origin Energy (ORG.AX), opens new tab signalled higher operating earnings at its energy retailing segment in the coming year on Thursday after reporting better-than-expected 2025 earnings, sending its shares to the highest in over a decade. The country's largest gas and electricity retailer forecast underlying operating earnings from its Energy Markets division between A$1.4 billion and A$1.7 billion ($916.4 million-$1.11 billion) in fiscal 2026. Th ...Read More >
A dedicated skywalk from the station also leads directly to the Infosys Metro Plaza, where ID checks grant access to the campus. Bengaluru's newly inaugurated Yellow Line metro has found an early corporate champion in Infosys, which is urging its employees to swap road commutes for the "efficient" rail corridor to curb traffic congestion. According to a TOI report, the IT giant circulated an internal email highlighting the benefits of the metro, particularly during peak hours, while detailing s ...Read More >
Tirupati (Andhra Pradesh) [India] July 17 (ANI): In a shocking incident in Madhya Nayanapalli village of Pakala mandal, a man named Giri allegedly murdered his wife and two daughters and then attempted to take his own life. According to police reports, Giri and his wife, Hemalatha, had two daughters. In a heinous act, Giri reportedly pushed his wife and daughters into a well. A family member stated that he received a call informing him that Giri had thrown his wife and children into a well. Wh ...Read More >
New Delhi (ABC Live): methane emissions from coal mines: The United Nations Environment Programme's International Methane Emissions Observatory (IMEO), strongly supported by the Australian government, has launched a pioneering global project. Its goal is to improve the accuracy of methane emissions from coal mines. This is the first comprehensive effort to enhance tracking and reduce methane emissions from coal mining and steel production. Coal mining is a major methane source, releasing about ...Read More >
Hyderabad: A woman was arrested with two of her friends on Thursday, July 17, in Jagadgirigutta for allegedly burglarising her brother's house after incurring debts through her betting app addiction. According to Jagadgirigutta police, a case was registered with them saying that the complainant, Subrahmanyam Sreekanth's house, was burglarised while he was out attending a car puja at his parents' residence in Karmanghat on the night of July 5. Police investigation revealed that the theft was or ...Read More >
1. India: New strategy on FX volatility The Indian Respondents' Bank (RBI) is allowing more volatility on the USD/INR exchange rate, prompting many companies to hedge with forward contracts. This is the highest level of coverage since 2020. We thank in advance our Official Broker Partner PEPPERSTONE who supported us in writing this article. FX Impact: Potential weakening of the rupee in the short term, but increased stability in the medium-long term. Volatility on USD/INR, EUR/INR, JPY/INR ...Read More >
BENGALURU: Brookfield Asset Management will sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion), the Canadian company said on Thursday. Aveo owns a portfolio of more than 10,000 units located across Queensland, Victoria, New South Wales and Tasmania. Since acquiring Aveo in 2019 for an equity value of about A$1.27 billion, Brookfield simplified the platform's customer contracts and invested more than A$500 million across the business. "Ave ...Read More >
YORK, UK - In a move to strengthen its position in the equine health market, Animalcare Group Plc (AIM: ANCR) has announced the conditional acquisition of Randlab, a prominent Australian equine veterinary business. The deal, valued at A$120 million (approximately £62.2 million), is expected to significantly boost Animalcare's earnings in 2025. The purchase agreement, involving Animalcare's newly formed subsidiary Animalcare Australia Pty Ltd, encompasses Randlab's entire issued share capital, i ...Read More >
LONDON - Bigblu Broadband plc (AIM: BBB.L), a significant provider of super-fast and ultra-fast alternative broadband services, has conditionally agreed to sell its Australian subsidiary, SkyMesh Pty Ltd, to SKM Telecommunication Services Pty Ltd for up to AUD$50.20 million (approximately £25.67 million). SKM Telecommunication, formed by Salter Brothers Asset Management for the acquisition, will pay the headline price in a combination of cash, shares, and deferred cash considerations. The sale ...Read More >
Ahmedabad police on Friday have arrested four individuals, including a resident of Australia, for operating a counterfeit currency racket in a warehouse in the Vatva area of Gujarat's Ahmedabad. The group was involved in printing fake Australian dollars, reportedly intending to smuggle the counterfeit notes abroad. The arrests followed a raid by the city's Crime Branch, acting on a tip-off about suspicious activities at the warehouse. Authorities seized counterfeit Australian banknotes worth ap ...Read More >
New Delhi, November 28: The fee for international student visas was increased by Australia from AUD 710 to AUD 1,600 with effect from July 1, the Centre informed Parliament on Thursday. The written reply of Minister of State for External Affairs Kirti Vardhan Singh came in response to a query in the Rajya Sabha whether it was a fact that Australia has recently increased student visa fees by more than double the previous amount. If so, did the Indian government approach Australia about reducing ...Read More >
LinkedIn has submitted a statement to an Australian senate committee ahead of the country's ban proposal claiming its professional networking platform is not interesting enough to lure child users. "LinkedIn simply does not have content interesting and appealing to minors," the company said in statement to BBC. Australia's House of Representatives passed a bill on Wednesday (November 27, 2024) to ban children below 16 from major social media platforms and it could become a law this week. Socia ...Read More >
The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements. The financial market has managed to breathe a "sign of relief" on Monday, 25 November after the incoming Trump administration announced Scott Bessent as the US Treasury Secretary nominee last Friday. Bessent, a Wall Street veteran is being viewed as a more pragmatic person who may favor pro-growth policies (an advocate of Trump's corporate tax cuts and deregulation policies) over anti-growth initiatives such ...Read More >
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