‘Looks may decide whether to trust a person’

London: Looks more likely decide who we would trust with our money rather than their reputation, says a new study.

Researchers from Britain’s University of Warwick Business School and the University College London along with colleagues at the Dartmouth College, US, carried out a series of experiments to see if people made decisions to trust others based on their faces.

They found people are more likely to invest money in someone…

Australia’s trade deficit widens

Sydney: Australia’s trade deficit widened in March, data released Tuesday by the Australian Bureau of Statistics (ABS) showed.

The balance on goods and services was a deficit of AUD1,587 million ($1,610 million) in March, a rise of AUD833 million on the deficit in February, the ABS said.

Economists had forecast a deficit of AUD1.2 billion for March.

During March, exports of goods and services rose 2.0 per cent while imports of goods…

Australian inflation marginally up in April

Sydney: The consumer price in Australia continued to rise in April, said a survey released Monday.

The TD Securities-Melbourne Institute Monthly Inflation Gauge rose 0.3 per cent in April following a 0.5 per cent rise in March, TD Securities said.

In the 12 months to April, the Inflation Gauge increased by 1.9 per cent, after a 1.8 per cent rise over the year to March.

Price rises in automotive fuel, rents and…

Budget benefits NRIs and quashes tax fears

When a non-resident Indian (NRI) lands in India now, he or she can zoom through customs with duty-free goods worth Rs 35,000 ($685). That’s a small increase from the earlier duty-free allowance of Rs 25,000.

As millions of Indians travel abroad every year and have become big spenders, they have been clamouring for a duty-free allowance of at least Rs 50,000 ($1,000). They argue that considering the prices of designer…

Australian consumer prices go up

Sydney: Australian consumer prices rose in March due to price rise in holiday travel and accommodation, alcohol and fuel, according to a survey released Monday.

The survey was released by investment dealer TD Securities and the Melbourne Institute of Applied Economic and Social Research.

The TD Securities-Melbourne Institute Monthly Inflation Gauge rose by 0.5 per cent in March, following a 0.1 per cent increase in February, reported Xinhua.

In the 12 months…

India-Australia trade to be $40 billion

Kolkata: Two-way trade between India and Australia is expected to double at $40 billion in five years, Australia’s envoy to New Delhi said Wednesday.

“Currently trade between India and Australia is $21-22 billion. It is expected to double by the next five years,” Australian High Commissioner Peter N. Varghese said on the sidelines of a programme organised by the MCC Chamber of Commerce and Industry here.

Australia is India’s eight largest…

Adani’s plan $10 billion coalmine in Australia

Sydney: India’s Adani Group has hit the Australian headlines with their $10-billion mega plan to build Queensland state’s largest coalmine, a 500-km railroad, a new township and even a Greenfield airport.

According to sources, chairman Gautam Adani was in Queensland, in the north-east of this country, last weekend to finalise various acquisitions and infrastructure projects that are associated with the planned coalmine and railroad.

Towards this end, the group had already…

India, Australia to jointly develop aerospace industry

Bangalore: The Society of Indian Aerospace and Technologies (SIATI) and Aviation Aerospace Australia (AAA) Wednesday entered into a long-term agreement to jointly develop the aerospace industry in both the countries.

The partnership agreement was signed late Wednesday by SIATI President Krishnadas Nair and AAA chief executive Geoffrey Bowmaker in the presence of Gordon Rich-Phillips, aviation industry minister of Australian Victoria state, and industry representatives from both countries.

Noting that the pact…

India seeks diaspora investment in energy, healthcare

Jaipur: India Saturday asked its 30 million strong Diaspora spread across over 130 countries to contribute in the development of healthcare, energy and infrastructure sector.

Almost 1,500 non-resident Indians and persons of Indian origin from 54 countries have gathered here on the occasion of the 10th annual diaspora meet, the ‘Pravasi Bharatiya Divas’.

Addressing a conference on the first day of the three-day event, Health and Family Welfare Minister Ghulam Nabi…

Service with Heart and Soul – Mann Travel

In life it’s not often about the destination, but the journey. No one could tell you better than a travel agent. Mann Travel is one such business, dedicated to ensuring their customers enjoy an award-winning journey no matter where their destination.

Started on the 15th of November 2007, Mann Travel has gone from being a simple…