Australia Financial News

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Tiger 3 continues. On its ninth day since release, early estimates suggest a collection of ₹6.50 crore, hinting at the ebb and flow typical of Bollywood movies after the opening week. The film, also starring Katrina Kaif and Emraan Hashmi, opened to a robust collection, seeing a mix of rises and dips in its second weekend.

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It’s down to the short strokes at ASX-listed pharma distributor EBOS’s tilt for TPG Capital-backed pets and vets business Greencross, details of which were first revealed by this column last week.

Leading and emerging banks, fintech companies and some of Australia’s most iconic consumer brands are implementing AI-powered technology to revolutionise their customer engagement and lending offerings. Upon pairing this technology with human nous, explainable AI helps deliver great customer service and meet regulatory obligations while providing a competitive edge.

Reskilling and upskilling are not only turning out to be effective talent retention tools but also helping companies boost revenue, according to a joint report by EY and iMocha. According to the report, more than 50% of the enterprises which participated in the global survey are undergoing “skills-first transformation” (SFT) and clocking two times growth in revenue compared with their peers. The report was released on Tuesday. Companies adopting SFT saw 61% of human resources department leaders reporting better outcomes for talent retention in 2023 and 58% reporting a boost in employee performance. The report is based on primary research via interviews and surveys with 560 HR leaders and employees across BFSI (banking, financial services and insurance), information technology, telecom and other industries across the US, EMEA (Europe, the Middle East and Africa), India, Southeast Asia and the Australia-New Zealand region. More than half of the companies that participated in the survey are embracing SFT, as per the report.

wages increase by 7.2% on average in 2022 compared with 7% for women, according to a new report. Globally, the paycheque increase was 6.7% on average for men compared with 6% for women, says the ‘ADP Research Institute's People at Work 2023: A Global Workforce View’ report. The report, based on a survey of more than 32,000 workers across 17 countries, shows that the gender pay gap in India was lower than the global average. It says male and female workers in India expect their pay cheques to increase at the same rate-- 8%--over the next 12 months. Some 63% of the Indian survey participants expressed confidence in their company's advancement toward achieving gender pay equality over the last three years. This surpasses countries in the Asia-Pacific (APAC) region, with Australia at 34%, China at 51% and Singapore at 31%. While men received slightly higher pay raises last year, they are still more inclined than women to express dissatisfaction with their compensation.

Strong results have been generated from all the big banks, against a background of cut-throat competition, the continuing mortgage war, a slowing economy, the challenges of rising inflation, and a customer base under financial strain.

About a third of Qantas, Jetstar and Virgin Australia domestic flights were late in October, new official statistics show.

World Cup, despite their defeat in the final against Australia. Wasim Akram acknowledged India's current strong position in the sport. Akram emphasised that setbacks like the final loss were part of the game.

Rohit Sharma, lost the final of the 2023 ODI World Cup to Australia by 6 wickets on Sunday. However, after the match, the devastated Indian team had a special visitor to help boost their spirits in the form of Prime Minister Narendra Modi. The Prime Minister walked into the Indian dressing room and consoled the Men in Blue who, despite their valiant efforts on the pitch, could not bring home the coveted trophy.

Every day The Australian Financial Review publishes articles by non-staff writers, drawn from a broad group of contributors. Some write regularly for us. Others are one-offs, commissioned from experts on the news of the day. We also select from unsolicited drafts and ideas sent to [email protected]

ImpexDocs, a Sydney-headquartered software business that sells export management software solutions to the likes of GrainCorp, Inghams and Blackmores, is getting ready to meet investors for the first time.

Australia opener David Warner will miss the upcoming T20I series against India after he was withdrawn from the squad following their ODI World Cup 2023, according to a report by ESPNcricinfo. The 37-year-old joined a group of other Aussie players who will miss out on the T20I series ahead of the three-match Test series against Pakistan on December 14. According to ESPNcricinfo, World Cup-winning captain Pat Cummins, Josh Hazlewood and Mitchell Starc will also be missing out on the forthcoming 20-over format series along with Aussie all-rounders Cameron Green and Mitchell Marsh. In the ODI World Cup 2023, Warner had a great run with the Aussie squad.

A plan for US billionaire Paul Tudor Jones to invest in Fortescue’s clean energy projects has turned sour, with the Wall Street icon’s private office accusing the Australian company of breaching contracts and behaving in an “unethical, immoral and unscrupulous” way.

World Cup loss to Australia. A pall of gloom seemed to descend on a once-roaring stadium rather early in the match, an audible loss of confidence in Indian chances of victory. Arguably, had spectators kept clapping now and then for the crisp strokes hit by Australian batters and shown cheerier appreciation for Travis Head’s century, a sullen mood in the stands would’ve had less of a chance to reach our players on the field and dampen morale.

World Cup 2023 final match. Australia clinched the title by 6 wickets. India's journey, marked by 10 consecutive wins, ended in disappointment.

Fortescue will proceed with its first three projects under the iron ore group’s ambitious plans to become a major force in hydrogen and renewable energy, giving a green light to $US750 million ($1.14 billion) in investments.

Northern Minerals executive chairman Nick Curtis is being targeted by Chinese interests accused of a covert attempt to gain control of the strategically important rare earths player.

Options data suggests that 19800 is likely to be a key hurdle for the Nifty 50, as that strike price call option holds the highest open interest. On Monday, the 50-stock index ended 0.2% down at 19694 points. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 8 points, or 0.04 per cent, at 19,815, signaling that Dalal Street was headed for muted start on Tuesday.

Sensex fell 139.58 points, or 0.21%, to close at 65,655.15, while the NSE Nifty 50 ended 37.80 points, or 0.19%, lower at 19,694.00. “Overall market is likely to consolidate in a range as focus will be on the US FOMC meeting minutes which will be released on Wednesday. Globally, participation could be lower on account of Thanks Giving Holiday on Thursday.