INDIA AUSTRALIA NEWS
Govt, steel companies to join hands for procuring coking coal abroad
The Indian government, in collaboration with the steel industry, aims to establish a unified "one nation, one buying coking-coal policy" to strengthen India's bargaining power over imported coking coal prices. Currently, individual steel manufacturers like SAIL and Jindal independently import coking coal, which limits their leverage with international miners. In FY23, India imported 56.04 million tonnes of coking coal worth ₹1.53 lakh crore, primarily from Australia and the US.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Markets faced selling pressure; IT focus with TCS Q1 earnings. Khemka expects consolidation, Gift Nifty 25 points higher. Shetti noted profit booking at 24400-24500 levels. Global markets gained. India VIX rose. Dollar declined pre-inflation data. Brent futures gained 0.4%, WTI crude up 0.5%. Stocks in F&O ban include India Cements, IEX, ABFRL. FPIs, DIIs bought shares worth Rs 1,665 crore.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets closed unchanged as investors brace for earnings season. Analysts predict a consolidation phase with stable input prices. Global markets show mixed movements. Foreign investors turn net buyers. Rupee ends slightly lower against the US dollar.
'She kept scrolling her family photos': Retired Army Officer recalls last moments with Manpreet Kaur on Melbourne to Delhi flight
A heartbreaking incident unfolded on a Qantas flight from Melbourne to Delhi when Manpreet Kaur, an Indian-origin woman, tragically passed away just before takeoff. Kaur, an aspiring chef, was returning to India for the first time in four years. Ravinder Singh, a retired Army officer visiting family in Australia, recounted his encounter with Kaur to NewsAU. Singh, who was seated next to Kaur on the flight, shared his last moments with her.
GIFT Nifty signals a negative start for D-Street. Here's the trading setup for today's session
Benchmark indices closed with minor gains, marking a positive week. Analysts expect Q1FY25 earnings and inflation cues to guide markets. Gift Nifty signals a negative start. India VIX fell 1.24%. Mixed global trends; S&P 500 futures down. Rupee at 83.49 vs. USD. Brent crude at $86.65. F&O ban includes PEL, Bandhan Bank. Tropical Storm Beryl impacts oil supply.
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.
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.
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.
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.
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.
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
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.
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