Adani rejigs Australia coal mine budget due to delays

Last Updated: Wednesday, June 24, 2015, 12:27

Adani Mining said on Wednesday it was rejigging the budget on the A$10 billion ($7.72 billion) Carmichael coal mine project in Australia as it faces delays in government approvals.

Adani halts work on Australia's Carmichael coal mine project

Last Updated: Wednesday, June 24, 2015, 08:43

Adani has signed up buyers for about 70 percent of the 40 million tonnes coal the Carmichael project is due to produce in its first phase, with production expected to begin in late 2017.

Private millers to import 5 lakh tonnes wheat from Australia

Last Updated: Tuesday, June 23, 2015, 20:04

Private flour millers from south India are importing wheat for the first time in a decade and have contracted for 5 lakh tonnes from Australia, of which 60,000 tonnes has already reached Indian ports, traders said.

India, Aus bizmen to discuss ways to boost trade at CEOs forum

Last Updated: Sunday, June 21, 2015, 21:14

Business leaders of India and Australia will discuss ways to increase trade and investment during the CEOs forum here this week.

Adani's plan to deliver $250 million benefits to traditional owners

Last Updated: Wednesday, June 17, 2015, 14:49

India's mining giant Adani Group has launched an Indigenous Participation Plan (IPP) that could deliver benefits worth 250 million dollars over the next 30 years to the traditional owners who are opposing the company's 16.5 billion dollar project in Australia's Queensland state.

Buffett's Berkshire Hathaway buys into Australian insurer IAG

Last Updated: Tuesday, June 16, 2015, 15:07

Under a 10-year strategic relationship, Berkshire will receive 20 percent of IAG's gross written premium and pay 20 percent of its claims. Berkshire will also take a 3.7 per cent stake in the group as the Australian firm pushes into Asia.

Australia suspends import of Maggi Noodles from India

Last Updated: Monday, June 15, 2015, 19:17

Australia has temporarily suspended import of Maggi noodles from India as the popular instant snack has come under mounting scrutiny over food safety concerns.

Australia unemployment rate drops to 6.0 percent

Last Updated: Thursday, June 11, 2015, 13:48

The Australian economy has struggled to fill the gap left by the end of the boom in mining investment, which has helped it avoid a recession for more than two decades.

Australia lines up investments worth $10 billion for India

Last Updated: Friday, June 5, 2015, 21:57

Australia has lined up investments worth USD 10 billion for India as it is looking for greater co-operation with the country.

Australia's central bank keeps interest rates on hold

Last Updated: Tuesday, June 2, 2015, 16:32

Australia on Tuesday kept interest rates at 2.0 percent after slashing them to a record low last month, and called for a weaker currency to help counter a sluggish economy struggling with soft business spending.

New legal challenge to Adani's Australian coal mine project

Last Updated: Friday, May 29, 2015, 11:46

Indigenous aboriginal landowners in Australia's Queensland state on Friday announced a fresh federal court challenge to Indian mining giant Adani

Daughter to control Australia mine magnate Rinehart's $3 bn trust

Last Updated: Thursday, May 28, 2015, 12:05

The order in the New South Wales state Supreme Court said Bianca Rinehart had demonstrated the ability to robustly assert the rights of the trust against her mother and her company Hancock Prospecting.