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This Noida firm’s stock turned Rs 1 lakh to Rs 14 crore, led by Australia’s richest Indian, it is…

This Noida firm’s stock turned Rs 1 lakh to Rs 14 crore, led by Australia’s richest Indian, it is…

Today, it trades at Rs 112.85, yielding a staggering return of 138,900% for investors over this period. The stock market has been experiencing a downturn lately, but amid the bearish trends, some stocks have still managed to deliver impressive returns. Samvardhana Motherson International Limited has proven to be a lucrative investment choice for those with...

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Uber pays $178 million to end legal fight with Australian taxi drivers

Uber pays $178 million to end legal fight with Australian taxi drivers

SYDNEY — Global rideshare giant Uber will pay 272 million Australian dollars ($178 million) to settle a long-running dispute with Australian taxi and hire car drivers who lost out when the company entered the Australian market. A class action against Uber had been expected to go to trial in the Supreme Court of Victoria on...

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Business Events Adelaide set for 20th Destination SA event – Travel Weekly

Business Events Adelaide set for 20th Destination SA event – Travel Weekly

Destination SA, the annual business events showcase organised by Business Events Adelaide, is celebrating its 20th year in 2024. From today (Monday 18 March), 39 highly qualified business event decision-makers and industry media will join a fully hosted program demonstrating the very best of South Australian ingenuity and hospitality. Guests will enjoy activities including hotel site visits, tours of Adelaide’s innovation districts,...

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Australia, NZ dollars slip

Australia, NZ dollars slip

SYDNEY: The Australian and New Zealand dollars were near their lows for the week on Friday after another upside surprise on US inflation dimmed the prospects of early rate cuts there and bruised bonds globally. Markets reacted by paring the chance of a June easing from the Reserve Bank of Australia (RBA) to 40% from...

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Just 2% of Australia’s financial services firms prepared for new mandated climate disclosures

Just 2% of Australia’s financial services firms prepared for new mandated climate disclosures

SYDNEY, March 18, 2024 /PRNewswire/ — Research released today by global management consultancy Baringa shows only a handful of financial services firms are ready for proposed mandatory climate disclosures in 2025.  The research comes ahead of proposed amendments to the ASIC Act and Corporations Act which will require large businesses and financial institutions to disclose how...

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2024 Superyacht Australia Soiree showcased record number of vessels – Marine Business News

2024 Superyacht Australia Soiree showcased record number of vessels – Marine Business News

Superyacht Australia (SYA), the peak body for the Australian superyacht industry, in partnership with Benetti Yachts, held the fifth edition of the renowned Superyacht Australia Soirée on Saturday, March 9, 2024. Serving as an annual event in Sydney, the Soirée aims to shine a spotlight on the superyacht industry while cultivating enthusiasm for chartering and...

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‘Mad’ ATO debt recovery is sending some small businesses to the wall

‘Mad’ ATO debt recovery is sending some small businesses to the wall

The tax office is chasing more than $34 billion worth of debts owed by small businesses and self-employed Australians that were put on hold during COVID, and sometimes using aggressive enforcement action to collect the money, which experts say is sending some businesses to the wall.  Some experts are predicting that the rate of insolvencies...

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Uber to pay US$178mil to settle lawsuit with Australia taxi drivers

Uber to pay US$178mil to settle lawsuit with Australia taxi drivers

Uber said that since 2018 it has made significant contributions into various state-level taxi compensation schemes. (AP pic) SYDNEY: Uber has agreed to pay A$271.8 million (US$178.3 million) to settle a lawsuit in Australia brought by taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into the country, a law...

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Ease burden of PPL payments: crossbench

Ease burden of PPL payments: crossbench

Australia’s 2.5 million small businesses shouldn’t be forced to bear the burden of administering paid parental leave payments, crossbench kingmakers David Pocock and Jacqui Lambie say. As the Albanese government works to pass its planned expansion of the taxpayer funded scheme, which will bring the entitlement to 26 weeks from 2026, senators Lambie and Pocock...

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PwC seeks buyers for prized Indigenous consultancy

PwC seeks buyers for prized Indigenous consultancy

The other 51 per cent is held by two Indigenous directors, facilitating PIC’s claim to be majority Indigenous owned. As Anthony Klan’s The Klaxon has banged on about, PIC’s corporate stake is split between Indigenous directors Gavin Brown and Selwyn Button. There are also three Indigenous and one non-Indigenous partners in the business, who will...