Ashi Anand, Founder & CEO, IME Capital, says “in a market where the overall underlying momentum is quite strong, the sentiment is positive and the longer term outlook is looking good, it is important not to get carried away. There is a right price at which you need to buy a company. And if you … Read more
Australian mortgage holders can breathe a sigh of relief with the Reserve Bank holding steady on interest rates in consecutive months for the first time in more than a year. The RBA board met on Tuesday and decided not to hike the cash rate, mirroring the July decision. WATCH THE VIDEO ABOVE: New data shows … Read more
With consistent earnings normalization, controlled credit costs, and healthy asset quality, earnings for PSBs are expected to grow at a more sustainable pace. We estimate the profitability of the top six PSBs under our coverage to rise to Rs 1.7 trillion by FY26 from Rs 573 billion in FY22 and from collective losses in FY18. … Read more
Woolworths faces more fines related to payroll errors, with Wage Inspectorate Victoria alleging the supermarket giant underpaid more than $1 million in long service leave to 1235 former employees. Wage Inspectorate Victoria on Wednesday said it had filed more than 1000 charges against Woolworths Group and its subsidiary Woolstar in the Magistrates’ Court of Victoria. … Read more
Gaza’s deadliest ever war cast a pall of gloom over Bethlehem on Christmas Eve Sunday, as the death toll spiralled and Israel shifted its efforts against Hamas to the besieged territory’s south. The health ministry in the Hamas-run Strip said an Israeli strike late Sunday killed at least 70 people in Al-Maghazi refugee camp, in … Read more
Welfare recipients are in line for a $40-a-fortnight boost with parliament passing the increase, despite calls for the rise to be higher as the nation deals with a cost of living crisis. Australians with no children on JobSeeker can expect to get about $749 a fortnight, up from just over $693, under the changes from … Read more
The Deloitte CEO said whether it is manufacturing, banking, services or agriculture – technology is key for India’s aspirations in any of these sectors. Synopsis “Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they should be willing to make the continued investment. … Read more
Popular Australian protein bar company Bounce Foods has found a new buyer after the company entered voluntary administration last month. Protein fanatics were heartbroken to hear the news that on July 14 administrators were appointed to Natural High Co Pty Ltd trading as Bounce Foods. John McInerney and Philip Campbell-Wilson of Grant Thornton were appointed … Read more
As the gulf between America’s five largest companies and everyone else widens to exceedingly worrying levels, gyrations among the rest of the top 50 in the S&P 500 are at a 10-year high. The 50 most valuable companies in the benchmark, which now make up about 56% of its total weight, moved up or down … Read more
Cash-strapped businesses are buckling under pressure from the Australian Taxation Office and other creditors as the insolvency trickle turns into a “surge”. That’s the verdict from comparison site Insolvency Australia, which found the number of businesses going bust has risen significantly in the past year. Companies appointing administrators, liquidators and insolvency firms increased by 57 … Read more
