APA Financial News

By Marianna Parraga

Subscribe to enjoy similar stories. The past few Union budgets have consistently acknowledged the problem of growing income tax disputes and litigation. Over time, various measures have been announced to tackle the high level of pendency at various forums but the progress in reducing disputes remains slow.

Officials say that France’s TotalEnergies and U.S. hydrocarbon company APA Corp. plan to invest $10 billion to extract oil off the coast of Suriname in a historic investment for the South American country

Stocks that traded heavily or had substantial price changes on Friday: Amazon, Macy’s rise; Robinhood Markets, APA fall

Repolling at eight polling stations in four assembly constituencies in Arunachal Pradesh is underway on Wednesday, amid elaborate security arrangements, an official said. The repolling was necessitated following reports of violence, including damage to electronic voting machines (EVMs), during the simultaneous Lok Sabha and assembly elections in the northeastern state on April 19, he said. The Election Commission ordered repolling to Sario under the Bameng assembly constituency in East Kameng district, Longte Loth in the Nyapin segment in Kurung Kumey, and Bogne and Molom booths under the Rumgong seat in Siang. Dingser, Bogiya Siyum, Jimbari and Lengi under the Nacho constituency in Upper Subansiri are also on the list of booths where repolling is underway.

BJP leader was kidnapped in Arunachal Pradesh, Chief Electoral Officer (CEO) Pawan Kumar Sain on Wednesday said no interference in the poll process by underground elements will be tolerated and stringent action will be initiated against such activities. Sain's assertion came following abduction of the BJP leader by insurgents in Longding district and the alleged use of underground elements by a poll contestant in the same district which falls under the Arunachal East Lok Sabha seat. Inspector General of Police (Law & Order) Chukhu Apa acknowledged the abduction and said that police and paramilitary forces are on the job to rescue the person. The IGP, however, refused to provide details of the incident.

One of the leading opponents of a Department of Labor rule that could affect the employment status of independent financial advisors is attempting to reboot a lawsuit to stop the regulation.

APA Group chairman Michael Fraser wants “realistic” energy policies to avoid blackouts and higher prices for consumers, warning of “political and economic upheaval” if climate targets are too ambitious.

The Palaszczuk government says it is still committed to the $5 billion CopperString transmission line from Townsville to Mount Isa despite global miner Glencore announcing it would close its copper mines in the region within two years.

Two months after Alinta Energy hived off its Pilbara power generation assets to APA Group for $1.7 billion, its executives have dug up another carve-out candidate – this time from their back office.

The ASX is set to become a hunting hotspot for private money as cashed-up global funds zero in on distressed companies.

Singapore’s Temasek has hired investment bank Goldman Sachs to find a buyer for its 40 per cent of gas and electricity distribution giant Jemena.

Dealmakers from Singapore’s Temasek appear to be accelerating hopes to offload the 40 per cent of gas and electricity distribution giant Jemena, meeting with prospective buyers this week, sources told Street Talk.

Suriname for the first time in its history will see offshore oil drilling in its waters after French company TotalEnergies announces a $9 billion project expected to boost the impoverished country’s economy and ease austerity measures imposed by the In...

Less than a year since returning to banking, Julian Peck, JPMorgan’s head of investment banking for Australia and New Zealand, has hit the ground running with large deals, but admitted there is work to do for the US bank to claw market share away from rivals like Goldman Sachs and Morgan Stanley.

India has filed a total of 516 Advance Pricing Agreement (APA) so far resulting in bringing finality in taxation to income of about ₹ 19,000 crore, according to the APA report released by the Central Board of Direct Taxes (CBDT) on Friday. The CBDT has signed 95 APA and 32 bilateral APAs in the fiscal year 2022-23, marking the highest number of bilateral agreements filed so far in a year. It is estimated that the 516 signed APAs have resulted in bringing finality in taxation to income of about ₹19,000 crore. This translates into a payment of tax of about ₹7,000 crore," CBDT said in its fifth APA report. The best part was that this is litigation-free and does not give rise to appellate proceedings, the report said.

ease of doing business, CBDT said. The tax authority also released a report on the deals.

After a period market by subsiding oil and natural gas prices, energy stocks appear to be back in the vogue at the start of the latter half of the year.

Private-capital backed mine site power business Zenith Energy has lined up a $320 million debt deal from a mix of existing and new lenders, as APA Group’s $1.7 billion acquisition of Alinta’s West Australian remote power assets kicks up interest in the sector.

Tribeca Investment Partners is set to extend its dominance from resources stocks to infrastructure names, as it reels in a big-ticket Asian sovereign wealth fund with a freshly minted fund.

Here's some new information about APA Group's knockout bid for Alinta’s Pilbara power assets.