Category: Business / Finance

Greens Senator Nicholas McKim calls Carmichael coal mine ‘triple-bottom-line dud’

Graphic- Adani Australia By SAT News Desk MELBOURNE/CANBERRA, 4 December 2020: The never-dying controversial issue of the Carmichael coal mine once again raised its head in the Australian Senate this month (2 Dec 2020), with the Greens Senator calling the Carmichael coal mine project in Queensland ‘a triple-bottom-line’ dud. The […]

SBI in trouble from French investor, Amundi, over planned RS. 5000 crores loan to Adani

By SAT Newsdesk MELBOURNE, 30 November 2020: The French giant Amundi has informed the State Bank of India (SBI) that it will withdraw its SBI green bonds if it goes ahead with its reported Rupees 5,000 crore loan to Adani Australia for its controversial coal mine in Queensland. An IANS […]

Controversy over planned $ 1 Billion (Rs. 5,000 crore) SBI loan to Adani coal project in Australia

By SAT News Desk MELBOURNE, 19 November 2020: Reports in The Tribune, published from Chandigarh (17 November 2020) that the State Bank of India (SBI) is all set to offer a Rs 5,000-crore loan to Adani Enterprises Ltd’s Australian mining company, now renamed Bravus Mining & Resources, has drawn flak […]

COVID-19 pushes world into ‘deep recession’: IMF Annual Report 2020

Photo- IMF By SAT News Desk MELBOURNE, 17 November 2020: The year 2020 has been tough for the world as it faced the deadly COVID-19 pandemic with 54,714,076 cases and 1,321,712 deaths (17 Nov 2020, John Hopkins University COVID-19 Dashboard) and it is still surging in many countries. Australia has […]

Indian milk farmers say they miss out on record dairy industry profits

India’s biggest dairy co-operative has managed to turn a profit during the coronavirus pandemic by bolstering its supply chain. However, farmers producing the milk say their wages barely cover operating costs. The logo of Kaira District Milk Producers Union (Amul) is hard to miss in the city of Anand in […]