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Monday
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2,581.80 -0.30%
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74,129,876
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-0.30%
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1,909
14
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4,774.75 -0.05%
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KHCB
0.57
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3.45
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0.22
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0.91
Brisbane's Olympic Games bid will require billions of dollars, feasibility study reveals - Dotemirates
22/02/2019

Brisbane's Olympic Games bid will require billions of dollars, feasibility study reveals

By Brittney Kleyn and Jessica Hinchliffe South-east Queensland's bid to host the 2032 Olympics could fail without billions of dollars invested in roads and infrastructure.That is the grim prediction of an 18-month feasibility study, released on Friday by the region's mayors, assessing likelihood of a successful Olympic Games bid.The report estimated the 2032 Games would come at a cost to ratepayers of $900 million — that's not inclusive of the billions of dollars needed for roads and public transport.However, Brisbane Lord Mayor and SEQ Council of Mayors chairman Graham Quirk told ABC Radio Brisbane the study showed the cost would...


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IT stocks underperform

Mumbai: IT stocks underperformed the borader market on Monday. In early trade, the IT index was the sole one trading in the red. However, the index ended in the green, by gaining 0.69 per cent to 15,515.99. Among the IT stocks, Infosys fell 0.19 per cent. Intraday, it was trading 2.34 per cent down.Other losers included L&T Infotech (-1.54 per cent), Tech Mahindra (-1.04 per cent) and Allsec Technologies (-0.79 per cent). In contrast, TCS bounced back to close 2.05 per cent up. Intraday, it was trading 2.19 per cent down. Analysts said the rising rupee would pressure IT stocks.The...

Adani stocks cheer incumbency wave in India, Australia

NEW DELHI/BENGALURU: Shares in various Adani Group companies, including those of flagship Adani Enterprises Ltd, surged on Monday after exit polls predicted Prime Minister Narendra Modi would return to power, even as Australian poll results also spelled good news for the conglomerate. Adani Enterprises rose as much as 29 per cent in afternoon trade, its sharpest intraday gain in over two years. Other Adani Group stocks such as Adani Power, Adani Gas and Adani Green Energy Ltd were all up more than 15 per cent in afternoon trading. The rally in Adani stocks outshone a broader market rally, which saw...

BPCL’s insurance cost nearly doubles

Mumbai: Large claims of around Rs 600 crore from the insured refineries at Mahul, Kochi, Bina and Numaligarh have nearly doubled the insurance premium for Bharat Petroleum Corporation Ltd (BPCL) even while its insured assets have remained the same for 2019-20. According to a source, a fire at the state-run oil marketer’s Mahul refinery in Mumbai has resulted in one of the largest insurance claims so far last year of around Rs 450 crore. The Bina, Madhya Pradesh, refinery had a fire claim of Rs 60-70 crore while the Kochi, Kerala, refinery made a claim of Rs 12-15 crore. As...

20/05/2019

How does your income compare to everyone else's?

Story Lab By Matt Martino, Ben Spraggon, Joshua Byrd, Matt Liddy and Cristen Tilley Most people struggle to accurately estimate how their income compares to other Australians. See if you can do better. Do you ever feel like you earn less than most other people?The latest ABS employment figures could be bad news for wages, with rising unemployment and underemployment adding downward pressure on pay packets.If you haven't had a pay rise in a while, it can feel like your income is inadequate to meet your daily needs, and that you're struggling more than most.But are you? It's time to...

DEWA organises open meeting for SME suppliers to discuss new initiatives

Dubai Electricity and Water Authority (DEWA) organised an open meeting with its suppliers from small and medium enterprises (SME), in line with its commitment to strengthen partnerships with its suppliers who contribute to the excellence of its operations. Around 80 SME owners and representatives attended the meeting where they voiced their opinions and ideas, and were introduced to DEWA’s initiatives and programmes, that aim to empower the business environment, and enhance the role of SMEs in Dubai’s business environment. “The Eight Principles of Governance in Dubai, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister...

ENOC signs deal with Moro for digital transformation

ENOC Group signed an agreement with Moro, the Dubai government owned digital data hub, focused on providing digital transformation and operational innovation, to lead the digitalization journey of ENOC’s operations. The digital transformation will be driven through an organisation-wide SAP system implementation and infrastructure hosting services by Moro and powered by Virtustream Cloud Technology over the next five years. The programme will be delivered by a dedicated team of professionals from ENOC, Moro and specialised partners. The partnership agreement was signed between H.E Saif Al Falasi, Group CEO of ENOC, and Engineer Marwan Bin Haidar, Vice Chairman of Moro, at...