Australian Financial News

Australian Open champion Naomi Osaka's Grand Slam comeback ended abruptly Monday, crashing out to Caroline Garcia, but US Open winner Coco Gauff and men's third seed Daniil Medvedev surged on in Melbourne. On a baking-hot day at Melbourne Park, men's seventh seed Stefanos Tsitsipas and women's sixth seed Ons Jabeur also tasted first-round victory. But Wimbledon champion Marketa Vondrousova and veteran Andy Murray made early exits. Japanese star Osaka, 26, stepped away from the sport in September 2022, citing mental health concerns. After giving birth to a baby girl in July, she decided to return for the new season and was back at the scene of her title-winning exploits in 2019 and 2021. But she was unable to rediscover her championship-winning form against 16th-seeded Frenchwoman Garcia after just two competitive games in Brisbane since returning. «She's been through a lot but I'm just very glad to see her back and I hope she can enjoy the tennis now and have fun out there.

Novak Djokovic, the 10-time Australian Open champion, initiated his quest for a historic 25th Grand Slam title against Dino Prizmic, while Aryna Sabalenka defended her title against Ella Seidel. The opening ceremony witnessed tennis legends Andre Agassi and Evonne Goolagong Cawley honoring the event's 50th anniversary. Champions in Action The defending champions, Djokovic and Sabalenka, showcased their skills on the first day. Djokovic, on a remarkable 28-match winning streak at Melbourne Park, faced Croatia's Dino Prizmic, eyeing an unprecedented 11th Australian Open title.

Virat Kohli, the prominent Indian cricket team batter, shared insights into his unexpected friendship with Serbian tennis maestro Novak Djokovic. Kohli disclosed that their connection began with a casual «hello» message sent on Instagram, evolving into a unique bond marked by mutual admiration. The camaraderie hit a high point when Djokovic congratulated Kohli on achieving his 50th ODI century during the ICC Cricket World Cup semifinal against New Zealand last year. Djokovic's sincere message and public acknowledgment added a personal touch to their burgeoning friendship. «I got in touch with Novak very organically.

Novak Djokovic will bring his simmering rivalry with two young guns of the men's game to the Australian Open where his hunt for a record-extending 11th title and 25th Grand Slam crown overall carries an air of inevitability despite an early loss in 2024. The 36-year-old defied the odds to raise the Norman Brookes Challenge Cup last year as he overcame a ruptured hamstring and a distracting political row involving his father to win, before going past Rafa Nadal's tally of 22 majors at the French Open. He claimed a third Grand Slam trophy late last season at the U.S.

SME IPO of Australian Premium Solar India was subscribed 39 times so far on the second day of the bidding process. The issue closes on January 15. The IPO is entirely a fresh equity issue of up to 52 lakh equity shares aggregating to Rs 28.08 crore.

Australian Premium Solar India opened for subscription on Thursday. The issue, which closes on January 15, is getting solid response from investors with the overall subscription at nearly 12 times within hours of opening.

Australia’s online safety watchdog says the owner of the social media platform formerly known as Twitter has slashed its global trust and safety staff by 30% including an 80% reduction in the number of safety engineers since billionaire Elon Musk took ...

Nadal said he had concerns over his surgically repaired hip after needing a medical timeout in the third set of his Brisbane International quarterfinal loss to Jordan Thompson on Friday. The 22-time major winner initially said it seemed like more of a muscular problem than the tendon issue that caused him so much pain this time last year. But he posted on social media Sunday that scans after he arrived in Melbourne revealed a small tear in the muscle and he was flying back to Spain for treatment.

ALSO READ: India vs South Africa 2nd Test match was shortest in history of Test cricket; breaks several unwanted records He said, "This is the worst Asian Team I have ever seen on Australian soil, they were in the driver's seat and suddenly you lose 5 wickets in a span of 15 minutes? Their fans were mocking India yesterday but at least they won the match in South Africa and have won 2 series in Australia. What has Pakistan won in the last 35 years?" (Sic) Looking at the Australia-Pakistan series, Australia won both tests -- first by 360 runs and second by 79 runs. Now they lead the series by 2-0.

Melissa Hoskins, a revered Australian Olympic track cyclist and former world champion, tragically passed away at the age of 32 in a devastating incident. Confirmation from the South Australian Police revealed that she was struck by a vehicle in Adelaide, Australia, leading to fatal injuries despite immediate care at the Royal Adelaide Hospital. Known for her remarkable achievements in track cycling, Hoskins secured the world champion title and set a global record in 2015 as an integral part of Australia’s women’s team pursuit quartet. Her dedication shone through in her appearances at the 2012 and 2016 Olympic Games, narrowly missing a medal in the 2012 London Games by a mere 0.181 seconds.

Indian Premier League (IPL)? In the IPL auction earlier this week, for example, Australian fast bowlers Mitchell Starc (Rs 24.75 crores) and Pat Cummins (Rs 20.50 crores) together attracted bids totaling Rs 45.25 crores – nearly half the total budget of a team. Even a relative rookie, Spencer Johnson, received Rs 10 crores. Meanwhile, South African pacer Gerald Coetzee got Rs 5 crores, and the World Cup’s third-highest wicket-taker, Dilshan Madhushanka of Sri Lanka, received only Rs 4 crores.

The U.S. Department of Justice has indicted David Gilbert Saffron, an Australian national, and Vincent Anthony Mazzotta Jr., a resident of Los Angeles, for orchestrating a $25 million Ponzi scheme exploiting AI crypto-trading. This case highlights the growing concerns over fraudulent activities in the burgeoning field of cryptocurrency and AI technologies.

Australia's Home Affairs Department has formalized a fresh approach to student visas, aligning with the government's latest migration strategy. Once the new framework is implemented, student visa applications will be prioritised based on institution. Under the new framework, each CRICOS-registered education provider is assigned an evidence level (1, 2, or 3).

An Australian court has ordered Airbnb to pay a 15 million Australian dollar ($10 million) fine, and the accommodation rental company could pay as much again in compensating customers who had been unaware they were being charged in U.S. rather than Aus...

Indian Premier League 2024 action underway in Dubai on 19 December and two players from Australia picked by franchises for over ₹20 crore each, netizens are making fun a and sharing hilarious memes on social media. As per details, Australia's star bowler Mitchell Starc became the most expensive player to be sold with a price of ₹24.75 crore to Kolkata Knight Riders.

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Chris Evert, the tennis icon turned commentator, will be absent from the 2024 Australian Open broadcast as her ovarian cancer has reappeared. This marks the latest development in her two-year-long struggle since the initial diagnosis, with Evert confirming her inability to travel to Australia for the tournament in a released statement. Evert shared that a PET scan detected cancer cells in her pelvic region, leading her to undergo robotic surgery this week. Subsequently, she is scheduled for chemotherapy. Despite missing the upcoming Australian Open broadcast, the 18-time Grand Slam winner assured she'll be prepared for the rest of the Grand Slam season.

By Scott Murdoch and Lewis Jackson

The Australian Taxation Office (ATO) has provided pivotal guidance on the capital gains tax (CGT) treatment concerning decentralized finance (DeFi) and the process of wrapping crypto tokens. This move is part of the ATO's ongoing efforts to clarify tax obligations in the evolving domain of digital assets and blockchain-based finance.

retention announcements by 10 teams of Indian Premier League (IPL) ahead of the auction in Dubai, many were unhappy with the news of Australian player Josh Hazlewood being released by Royal Challengers Bangalore. RCB which has one of the most heartbreaking campaigns in IPL history during the retention event announced that it has released 11 players to expand their purse for auction. On Hazlewood's release, RCB's newly-appointed head coach Andy Flower in a video released by the team revealed the reason they have decided to let go of the Australian player.

Australia's competition watchdog said on Monday new competition laws are required in response to the rapid expansion of digital platforms such as Amazon, Apple, Google, Meta and Microsoft in the country. The Australian Competition and Consumer Commission (ACCC) in its latest report for the Digital Platform Services Inquiry raised concerns that expansion of these platforms has increased the risk of them engaging in harmful behaviour, such as invasive data collection and practices that lock in customers and limit their choices.