Australia Financial News

By Divya Rajagopal

Macquarie Capital is writing down nearly its entire investment in Indian startup Byju’s, weeks after Swiss bank Julius Baer Group Ltd. accused it of charging fees based on an outsized and outdated valuation, according to people familiar with the matter. The unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the people said, asking not to be identified because the matter is private. Macquarie Capital invested a few hundred millions of dollars in Byju’s in 2021, said the people.

There’s a lot that people don’t know when it comes to saving for retirement, but even a few hours of simple instruction can make a big difference.

Business activity in India's manufacturing sector is showing signs of improvement. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 56.9 in February from 56.5 in January. A figure above 50 indicates expansion.

Investing.com-- Most Asian stocks rose on Friday tracking strong overnight gains on Wall Street, with Japanese and Australian markets at record highs amid growing hopes over lower interest rates in 2024. 

The Phnom Penh Post, a newspaper founded in 1992 as Cambodia sought to re-establish stability and democracy after decades of war and unrest, says it will stop publishing a print edition this month, the latest blow to the country’s dwindling independent...

India Q3 GDP data: Indian economy grows by 8.4% in Dec quarter driven by construction, manufacturing sector Asia's third-largest and the world's fastest-growing major economy expanded 8.4% in the October-December quarter, partly helped by a surge in manufacturing, according to data released by the government on Thursday. That growth rate was much stronger than the 6.6% expansion predicted in a Reuters survey, where the highest forecast was 7.4%. The manufacturing sector, which accounts for 17% of India's economy, expanded 11.6% year-on-year last quarter.

Read the full story here.)Sensex Today Live : India’s GDP data for the third quarter of Financial Year 2023-24, released by the Statistics Ministry on February 29, revealed an unexpected 8.4% growth in the economy during the October-December quarter of FY 24. Economists were taken aback by this surge as they had estimated lower growth due to a slight decrease in government expenditure, sluggish industrial output growth, and an irregular monsoon during the third quarter.

export violations including Chinese employees in China improperly downloading documents related to U.S. Defense Department programs.

Authorities recently barred Liang Guo, the former director of the now-defunct Australian cryptocurrency firm Blockchain Global, from leaving Australia, following a court order issued by the Federal Court of Australia on February 28.

By Tom Westbrook

Vijay Shekhar Sharma's resignation as the part-time non-executive chairman and board member at Paytm Payments Bank did not cut much ice with the investors who preferred to sell shares in hordes. Around 10 am, nearly 42.78 lakh shares were trading on the NSE.

QUAD continues the momentum of its past three years under India's presidency in 2024, the White House has said. «The president (Joe Biden) is incredibly proud of the progress QUAD has made over the past three years,» White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Wednesday. Members of the QUAD — the US, Australia, India and Japan — had held their first summit at the White House in March 2021. «The (QUAD's) anniversary is coming up and we are hoping to continue that momentum in 2024, under India's host year, as you just stated. And, we are talking about not just the United States, obviously, India, Japan and Australia,» Jean-Piere said in response to a question.

SYDNEY (Reuters) — Australian business investment rose to a fresh eight-year high in the December quarter thanks to further growth in the mining sector, while plans for future spending were upgraded in a boost for economic growth.

By Poonam Behura

(Reuters) — The Australian banking trade union said on Thursday that Westpac Banking (NYSE:WBK) Corp, one of the country's top lenders, has cut around 132 jobs across divisions, with some of these roles being shifted to companies in India and the Philippines.

NEW DELHI : After Bharat atta and rice, the Union government is planning to launch Bharat masur (lentil) dal – but, at around ₹89 per kg, without a discount – a senior official told Mint. Normally the Bharat brand comes with hefty discounts. The lentil pricing comes despite inflation being in control and with huge quantities of masoor lying in government stocks.

India's latest batting sensation Yashasvi Jaiswal advanced towards a top-10 spot in the ICC rankings for Test batters by climbing three spots to 12th while his compatriot Dhruv Jurel leapfrogged 31 places to 69th on Wednesday. Jaiswal, who started the series in 69th position, continues his ascent to the top after scores of 73 and 37 in the fourth match of India's ICC World Test Championship series against England in Ranchi. Player of the Match Jurel's scores of 90 and 39 has jumped a whopping 31 places while former England captain Joe Root is back in the top three. Root, a formerly top-ranked batter, struck an unbeaten 122 in the first innings in Ranchi to move up two places to third position. He also moved up three spots to fourth among all-rounders.

coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record-high inventories, industry officials said on Tuesday. Out of eleven coal traders, Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of the fuel to decrease this year, while the others foresaw flat imports or marginal growth.

By Amy Lv and Tony Munroe

By Devayani Sathyan