AU$90 million penalty: Qantas Airways fined for illegal sackings during Covid pandemic; judge questions lack of remorse

A judge in Australia fined Qantas Airways 90 million Australian dollars ($59 million) for unlawfully dismissing more than 1,800 ground staff during the early stages of the Covid-19 pandemic. The penalty is in addition to the AU$120 million ($78 million) compensation the airline had already agreed to pay dismissed employees.Justice Michael Lee of the Australian…

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GST revamp! Over 40 company stocks set to gain from rate cuts, say experts– check full list of potential beneficiaries

Prime Minister Narendra Modi‘s Independence Day announcement regarding India’s GST restructuring by Diwali has significantly impacted Dalal Street, with over 40 stocks across various sectors identified as potential beneficiaries. As the stock markets marked the opening for the week on Monday, it witnessed substantial gains across automotive, financial, real estate, consumer and cement sectors as…

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India–China trade roadblock? Beijing slows approval for deals to guard tech transfers; Haier, PG Electroplast and more await clarity

China cautious over approving partnership agreements with Indian firms that require transfer of critical tech (AI-image) As Prime Minister Narendra Modi prepares for his first visit to China in seven years, experts indicate that Beijing is exercising caution and delaying approval of partnership agreements between companies of both nations, particularly regarding critical technology transfers, according…

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Gold price prediction: What’s the gold rate outlook for August 18, 2025 week – should you buy or sell?

Gold price prediction: The upcoming meeting between the US and Ukrainian leaders could weigh on gold prices. (AI image) Gold price prediction today: Gold prices are likely to be range-bound with several global factors impacting sentiment this week. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold…

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IT sector hiring: Firms eye cautious, fresher-focused recruitment; TCS, Infosys and more set targets for FY26

Software services companies are set to adopt a cautious yet strategic approach to hiring in the second half of FY25, with recruitment specialists projecting 3–5 per cent growth compared to the first half. The focus will be on skilled freshers and junior-level positions, given lower costs and higher learning potential.“Hiring may remain muted in H2…

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GTRI alleges irregularities in duty free import scheme

NEW DELHI: Think tank GTRI on Sunday alleged massive irregularities in the duty free import-authorisation (DFIA) scheme, with unscrupulous elements taking advantage to import duty free walnuts, saffron, and lithium ion batteries for purported use to manufacture biscuits, pickles and tractors.Some of these goods face high levies and the scheme was being misused as the…

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