'Adani suspends 2 key contractors on biggest Aus coal project'

Last Updated: Wednesday, July 22, 2015, 23:44

Adani Group's 16.5 billion dollar coal mine project in Australia has hit another controversy after reports that the Indian mining giant suspended two major contractors, raising fresh speculation over funding even as the company blamed the move on delay in government approvals.

Adani suspends contractors on biggest Australia coal project: Report

Last Updated: Wednesday, July 22, 2015, 10:07

"Adani has suspended two major contractors on its Queensland coal project, raising fresh speculation about the company's ability to finance Australia's largest coal mine," the Sydney Morning Herald reported.

Australian inflation edges up but annual rate soft

Last Updated: Wednesday, July 22, 2015, 08:35

The latest figures were broadly in line with market expectations, with economists forecasting a 0.8 percent rise for the period for an annual reading of 1.7 percent.

GVK Coal under debt burden of $885 million

Last Updated: Tuesday, July 21, 2015, 21:47

GVK Coal Developers, which owns mines in Australia, is burdened with USD 885 million of debt, according to GVK group's annual report.

Australia's $18.5 bn fund takes position in RIL

Last Updated: Friday, July 17, 2015, 19:37

Australia-based Platinum fund, having USD 18.5 billion worth assets under its fold, has added Reliance Industries to its portfolio with bullish outlook on downstream projects, as also company's re-entry into telecom business with Jio later this year.

Rich and American? Australia wants you

Last Updated: Monday, July 13, 2015, 09:28

But there`s a rather large catch: participants in the invitation-only Premium Investment Visa scheme will need to invest A$15 million ($11.57 million) for the privilege of becoming an Aussie.

India, Australia walk the talk, bridge gap on FTA issues

Last Updated: Thursday, July 9, 2015, 20:36

India and Australia are moving towards concluding negotiations for a proposed free trade agreement (FTA) by the end of this year, with both sides narrowing their differences on major issues.

Adani coal project in Australia runs into controversy: Report

Last Updated: Wednesday, July 1, 2015, 13:17

India's mining giant Adani Group's 16.5 billion dollar coal mine project in Australia's Queensland has run into another controversy after reports that senior bureaucrats were sidelined over key decisions on the deal for the venture which was red-flagged by many officials.

Australian remittance firms group says re-opening bank ties unlikely

Last Updated: Friday, June 26, 2015, 15:13

Australia`s A$30 billion ($25 billion) remittance sector is struggling to survive as talks to re-establish ties with banks have so far failed, the head of the Australian Remittance and Currency Providers Association (ARCPA) said on Friday.

1,900 jobs to be axed in Australia due to emails

Last Updated: Friday, June 26, 2015, 09:16

The Australia Post said losses in its mail delivery business were approaching 500 million Australian dollars ($387 million) this financial year, reported Xinhua news agency.

Adani Enterprises falls 3% on buzz of halting work at Australia mine project

Last Updated: Thursday, June 25, 2015, 20:24

The stock fell by 2.58 percent to close at Rs 94.50 on the BSE. During the day, it dipped 4.89 percent to Rs 92.25.

Australia to join China-led infrastructure bank

Last Updated: Wednesday, June 24, 2015, 15:42

Australia on Wednesday announced that it will join the new China-led Asian Infrastructure Investment Bank as a founding member, contributing about 930 million dollars to the financial institution of which India will be the second-largest shareholder.