NEW DELHI — The Indian auto component industry is expected to grow at 20 to 23 percent in revenue during FY2022, supported by strong exports demand, and recovery in original domestic equipment and aftermarket segments, as per the rating agency ICRA. The growth will come in on the low base of the last two fiscals and look optically strong because of the exceptionally weak first half of FY2021, the agency said in a report. The industry has bounced back during the second half of last fiscal with many auto component suppliers registering record revenue and profits during the fourth quarter of FY…
Author: zenger.news
SHENZHEN, China — OnePlus might not be launching its latest model OnePlus 9T this year, a media report citing sources said. Though OnePlus has been raining smartphone launches this year, things are expected to slow down a fair bit during the upcoming second half of 2021. The reason for this cancellation is presumably the ongoing chip shortage that’s affecting almost every smartphone brand out there, even though this has not been explicitly stated by the source. Samsung, Xiaomi, Huawei, and even Apple have faced such issues. Though the source did not say if OnePlus is opting for a new naming scheme or…
SYDNEY — Ben Roberts-Smith’s high-profile defamation trial is expected to continue hearing evidence on July 30 from Afghan witnesses about a controversial Special Air Service mission during which local man Ali Jan was killed. Roberts-Smith, 42, claims Ali Jan was a Taliban fighter, whereas the respondents, three newspapers, say he has kicked off a small cliff while handcuffed. So far this week, the trial had heard evidence from two Afghan villagers who were present in Darwan, Uruzgan province, when the raid occurred on September 11, 2012. Man Gul, a farmer from Darwan, is expected to resume his evidence on July 30 after testifying…
BRISBANE, Australia — Tighter rules are needed to close a loophole that could allow live shark finning to happen in Australian waters, states a new report. Australia exports shark fins into China and Hong Kong and imports “a significant volume,” including from countries that do not ensure sustainable fishing practices, the report titled “Management of Shark Fin Trade To and From Australia” said. “Half of all Australians aren’t even aware we trade in shark fins, let alone how inconsistent and weak our anti-finning rules are,” said Leonardo Guida, a scientist at the Australian Marine Conservation Society. “Australia’s anti-finning rules are behind those in…
ADELAIDE, Australia — Two days after South Australia broke loose of its week-long lockdown, two new cases have been traced back to a local Covid-19 cluster that started it. The state reported two new infections on July 29, 10 days after their first case was discovered. One is the father of two siblings who tested positive last week. The other case is a woman in her 80s who was moved to the Toms Court Hotel in Adelaide with her husband, who had previously returned a positive test. Both the cases have been traced back to the Tenafeate Creek Winery, which has been…
CANBERRA, Australia — The Australian government is working to repatriate close to 32,000 Australians stranded overseas who want to return home. More than 38,000 people have registered to come back amid the worsening Covid-19 pandemic. 4569 on the list of 38,523 people are considered vulnerable, said Tony Sheehan, deputy secretary of the Department of Foreign Affairs and Trade. About 6000 people have indicated they do not wish to return to Australia until the year’s final three months. That means the remaining 32,000 want to come home during this quarter. In mid-July, the Australian government had halved the number of commercial flight arrivals from more than 6000…
CANBERRA, Australia — Reopening Australia before four in every five Australians has vaccinated risks the rampant spread of coronavirus and hospitals overwhelmed, said the Grattan Institute. The think tank released modeling on July 29, suggesting allowing Covid-19 to spread with half the population vaccinated would lead to 31,440 deaths within 300 days. The need for intensive care beds would also peak at 60,000. “Abandoning our Zero Covid strategy before 80 percent of Australians are vaccinated would risk a rapid surge in Covid cases that overwhelms our hospitals and imposes a high death toll,” said the report of the Race to 80. The situation…
BRISBANE, Australia — Queensland’s chief health officer said it’s “almost inevitable” that Covid-19 cases will rise in the state in the coming months. Jeannette Young said the state has weathered 13 incursions of the virus from interstate and hotel quarantine in the last six weeks. “It is a wonder,” she said. There are only 42 active Covid-19 cases in the northeastern Australian state, Queensland, amid climbing cases numbers in New South Wales and recent outbreaks in Victoria and South Australia. The chief health officer is urging people to wear face masks with an outbreak of the Delta strain in the state a…
CANBERRA, Australia — The Federal Parliament of Australia resumes on August 3 with about a third of all the members of parliament not coming to the capital city of Australia, Canberra, after weighing up advice on Covid-19. The House of Representatives and Senate will sit for four out of the next five weeks, as the lockdown of Sydney and surrounding regions continues but other parts of the country lift restrictions. Prime Minister Scott Morrison will exit two weeks of quarantine at The Lodge early next week. At the same time, Labor leader Anthony Albanese has based himself in Canberra, allowing him to travel…
CANBERRA, Australia — Airline ground workers who Qantas dismissed after their outsourced jobs have won a partial victory against the airline giant. The Federal Court found that Qantas had failed to prove its decision in November 2020 to outsource more than 2000 jobs was not partly made to prevent the workers from engaging in industrial action. That means the decision to outsource 2500 jobs to sub-contractors was unlawful under the Fair Work Act. The parties will now argue about what should happen next. Justice Michael Lee denied the union’s claims that the litigation was a test case on outsourcing in general, describing it…