Category: Business / Finance

AIBC launches industry Chapter for Defence and Security

By SAT News Desk MELBOURNE, 11 September 2021: The Australia India Business Council (AIBC), in collaboration with the ACT AIBC Chapter, has launched the Industry Chapter for Defence and Security. An AIBC Media release says: “As part of the Comprehensive Strategic Partnership (CSP), India and Australia concluded a Mutual Logistics […]

Prospects of FTA with India ‘positive’: Tony Abbott at AIBC Annual Address 2021

Source- AIBC By SAT News Desk MELBOURNE, 17 August 2021: Australia’s former Prime Minister Mr. Tony Abbott has said the prospects of a Free Trade Agreement (FTA) between Australia and India “was positive’. Mr. Abbott gave his views on this long-standing pending issue between the two countries, delivering the Keynote […]

Hillery Group to build $ 15M rail yard for Carmichael mine

Photo- Supplied. By SAT News Desk MELBOURNE, 12 August 2021: The Bowen Rail Company today announced another Carmichael mine and rail project contract, which has gone to the local Bowen company Hillery Group to construct a new rail yard that will create more than 100 jobs during construction for regional […]

India ends ‘retrospective taxation’ law after it got overturned in international arbitration tribunals

By Meetu Jain New Delhi, August 8, 2021: In a move watched by the business community internationally, the Parliament has passed a legislation that ends all retrospective taxation imposed on indirect transfer of Indian assets. With ‘The Taxation Laws (Amendment) Bill, 2021′ all tax demands made on companies like Cairn […]

Adani reaching coal seam at Carmichael Project draws flak from conservation groups

Bravus Mining and Resources CEO, David Boshoff holding the first coal.Photo- Bravus Mining and Resources. By SAT News Desk MELBOURNE, 24 June 2021: A media release from Bravus Mining Resources (Adani Australia), starts off with the heading ‘We have struck coal at Carmichael’. The finding of the first coal at […]