INDIA AUSTRALIA NEWS
India-UK FTA: Dynamics set to change after Starmer-led Labour Party's election victory?
India-UK FTA: Keir Starmer's Labour Party is poised to end the 14-year Conservative Party rule in the UK, with Starmer set to become the next Prime Minister. The change in government is expected to have minimal impact on India-UK relations, particularly concerning the Free Trade Agreement (FTA). Starmer's manifesto pledges to pursue a "new strategic partnership" with India, focusing on finalizing the FTA, marking a departure from previous Labour Party stances. Despite the anticipated shift, the specific timelines for concluding the FTA remain uncertain.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
GIFT Nifty jumps 90 points; here's the trading setup for today's session
Market anticipates Nifty consolidation post-profit booking. Brent crude, US WTI futures rise on strong fuel demand hopes. Currency markets stable as rupee weakens. FIIs cut net long positions, adding to market uncertainty.
Indian woman dies on Qantas flight from Melbourne to Delhi
A 24-year-old Indian woman, Manpreet Kaur, died on the spot while on a Qantas flight from Melbourne to New Delhi. Kaur, who had dreams of becoming a chef, fell on the floor and died on the spot when she tried to put on her seatbelt. She likely died of tuberculosis, an infectious disease that mostly affects the lungs. Kaur worked at Australia Post while studying cookery and had a GoFundMe page created to help her family.
India, Australia look at increasing cooperation in critical minerals, processing
Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies - from wind turbines and electricity networks to electric vehicles.
The stage for India's T20 triumph was not set in one day: Rohit & Co made the blueprint post 2023 World Cup setback
The Indian cricket team celebrated a triumphant comeback at Kensington Oval in Barbados as the sun set on a memorable evening. They gathered on the pitch, savoring their victory after clinching the World Test Championship mace and securing the ODI World Cup.
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T20 World Cup prize: Prize money for winner, runners-up, semi-finalists, and other teams
India and South Africa will compete for the T20 World Cup 2024 title at Kensington Oval. India aims for a second title after defeating England, while South Africa seeks its first win. The winner gets $2.45 million and the runner-up $1.28 million. Semi-finalists receive $787,500 each.
T20 World Cup: Rohit Sharma has been absolutely phenomenal, says Jasprit Bumrah
Star Indian pacer Jasprit Bumrah praised skipper Rohit Sharma, calling him phenomenal in the ongoing T20 World Cup 2024. Rohit Sharma ranks third in tournament run-scoring with 248 runs at a strike rate of 155.97 from seven matches. Bumrah, in a video shared on ICC's Instagram, highlighted Rohit's proactive leadership, giving players freedom and sharing his experience at crucial moments. Former England captain Nasser Hussain also lauded Rohit for his batting prowess and leadership style, describing him as an "iron fist in a velvet glove."
Australian study visa grants drop sharply in 2024
Australia has experienced a significant decrease of nearly 30% in study visa grants during the first four months of this year, with 74,421 visas granted to offshore applicants from January to April, compared to 104,808 granted in the same period in 2023. This decline, although substantial, is less severe than the 53% drop observed between 2019-20 and 2020-21 due to the pandemic.
Master Your English Skills: How to ace the TOEFL Test for foreign admissions
Indian students aiming to study abroad must demonstrate readiness for academic success in English-speaking environments through TOEFL iBT test. ETS India is running TOEFL India Contest and TOEFL UK India Scholarships to motivate students.
Former India cricketer David Johnson dies after falling from fourth floor of Bengaluru apartment
Former Indian cricketer David Johnson, a fast bowler, passed away at 52 after jumping from the fourth floor. Known for playing two Tests, his death has left the cricketing community shocked.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets hit new highs for the fifth day, with Nifty futures trading higher. Brent crude futures rose, while US West Texas Intermediate crude dropped. The rupee settled lower against the US dollar.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Domestic markets continued to reach new record highs, building on gains made since the election results. "The market is also benefiting from positive trends in global markets, particularly in the US as it progresses steadily towards the presidential election in November. Volatility has decreased this month, supporting a short-term upward trend," explained Siddhartha Khemka, Head of Retail Research at Motilal Oswal.
US Senators and corporate world bat for stronger India-US relationship
Senator Dan Sullivan said a lot of these countries are motivated by historical grievances. "I think this... new era, it's really a return to the era of authoritarian aggression, is going to be with us for years and decades to come," he said. One needs to deepen, broaden and make more concrete relationships in the different areas of QUAD, he said, referring to the grouping of the US, India, Japan and Australia.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Domestic markets rose driven by global cues and domestic buying. Expectations for the next week are positive with macro trends, government spending, monsoon, and earnings support.
GIFT Nifty drops 50 points; here's the trading setup for today's session
Domestic markets ended flat post-election recovery. Investors await US CPI data and Fed policy outcome for market direction.
India-Pakistan T20 World Cup match: ISIS-linked outfit threatens attack, New York on high alert
New York will increase security for the T20 Cricket World Cup, especially for the India-Pakistan match in June, due to potential threats. Governor Kathy Hochul announced on X that state, federal, and local law enforcement are collaborating to ensure safety, with no credible threat currently identified. The India-Pakistan game is on June 9 at Eisenhower Park, Nassau County., New York
Indian cricket team begins training for T20 World Cup in New York amid Virat Kohli's absence
After two months of intense night cricket, the Indian cricket team, without Virat Kohli, began morning training for the T20 World Cup. Kohli, absent due to personal reasons, is expected to join by Friday, but his participation in the warm-up game against Bangladesh on Saturday is uncertain. The team's preliminary games start at 10:30 am, necessitating adaptation to morning conditions. Training included light exercises to adjust to the cooler, less humid weather. Players expressed excitement about playing in New York for the first time.
Free ration leaving people with more food than they can consume: Rajnath Singh
Defence Minister Rajnath Singh, during an election rally in Karakat, Bihar, claimed that under the free ration scheme, people are receiving more foodgrains than they can consume, often selling the surplus. He emphasized that food inflation in India is the lowest globally at 2.91%, compared to higher rates in other countries like the US and France. Singh challenged opposition parties to counter his claims, expressing his commitment to honesty in politics.
Bad news flow & good stock prices: 5 agro-chemical stocks with upside potential of up to 30%
What is the news flow regarding the agrochemical sector today? Probably the following: China is dumping, there is over capacity in many segments, over inventory issues are plaguing the industry globally, erratic weather conditions in different parts of the world. One would feel agro chemical stocks are better avoided now. But in markets, when the news flow is bad, stock prices are probably good. Also, in the case of the agro chemicals sector, it's mostly short term issues. So, it is time to keep them on the watch list.
Warmest April ever fuelled weather extremes across globe: WMO
The World Meteorological Organization (WMO) confirmed that April was the warmest on record globally, marking the eleventh consecutive month of record-high temperatures. This trend is attributed to a combination of naturally occurring El Nino events and the additional energy trapped in the atmosphere and ocean due to greenhouse gases from human activities. The average temperature in April was 1.58 degrees Celsius higher than the pre-industrial reference period, with sea surface temperatures reaching record highs for the past 13 months.
India considers incentives for lithium processing
India is contemplating providing incentives to private companies to establish lithium processing facilities in an effort to develop its lithium mining sector and bolster the supply of the EV battery metal. Under a new critical minerals policy being formulated by the mines ministry, incentives would be offered to companies to set up lithium processing plants, covering aspects from exploration to mining to value addition. While the exact form of incentives is yet to be determined, the government aims to draw inspiration from countries like Australia and Canada.
‘We will miss the passion & aggression’: Fans mourn death of 27-yr-old football commentator Abhradeep Saha aka ‘Angry Rantman’
The 27-year-old YouTuber, who died on Tuesday, was known for his earnest, unsugarcoated, and passionate take on football, film, and pop culture. After one of his videos praising the 2018 blockbuster 'KGF: Chapter 1' went viral, he amassed over 450K followers on YouTube. He was admitted to Narayana Cardiac Hospital, Bengaluru, where he underwent an open heart surgery.
China had a 'special place' in PM Modi's heart, now it's a thorn in his side
The once-friendly relationship between Narendra Modi and China has soured, with border disputes escalating and trade imbalances persisting. Despite Modi's efforts to position India as a global power, China's economic and military dominance remains a challenge. India has strengthened ties with the US and other nations, but the specter of China looms large, particularly in South Asia. Modi's government is focusing on infrastructure and military upgrades to counter Chinese encroachment, but finding an equilibrium remains elusive.
Coal India to bid for 3 mines in critical minerals auctions in February
Coal India, the state-run mining giant, plans to bid for three critical minerals blocks in India's auctions. The company aims to participate in the auctions for lithium and nickel mines, reflecting a strategic move into the minerals sector. Additionally, Coal India has explored lithium mines in Australia and is engaged in preliminary discussions about potential operations.
Singapore received 1.1 million Indian tourists last year; overall numbers surge to 13.6 mn in 2023 from 6.3 mn in 2022: Report
Singapore's tourism sector recovered strongly in 2023, with 13.6 million visitors, including 1.1 million from India. The recovery was driven by demand from key markets like Indonesia, China, and Malaysia. Singapore's tourism receipts are expected to exceed forecasts, reaching 24.5-26 billion Singaporean dollars. Visitors spent more time in Singapore, with an average length of stay of 3.8 days. In 2024, the recovery is expected to continue with increased flight capacity and the implementation of the mutual 30-day visa-free travel agreement between China and Singapore. The hotel industry also performed well, surpassing 2019 levels in average room rate and revenue per available room.
India-Australia relations: Preparing for CECA
There has been a dramatic transformation in India-Australia relations, in less than a decade, from persistent suspicions and distrust, occasional animosity, and polite disinterest to one driven by strategic necessity, mutual benefit, and proactive bipartisan political will.
Australia's Mitchell Marsh in viral photo seen with his legs on World Cup trophy. Netizens react
A photo shared by captain Pat Cummins on Instagram, showing Australian cricketer Mitchell Marsh with his feet on the World Cup trophy, sparked criticism on social media. Some users deemed it disrespectful, while others defended the team's choice to celebrate as they saw fit. Despite the controversy, Mitchell Marsh's on-field performance in the finals went unnoticed. But in the tournament, he showcased his significant contributions. Marsh had previously predicted an India-Australia final and foretold Australia's victory on a podcast six months ago.
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