Category: Business / Finance

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 […]

Adani Mining rebrands as Bravus Mining & Resources, coal production starts 2021

By Neeraj Nanda MELBOURNE, 5 November 2020: The controversial Adani Mining company developing the Carmichael Coal Project in Queensland has now a new name for its Australian mining business, Bravus Mining & Resources. Adani who has completed ten years developing the world’s biggest coal mine in Queensland is all set […]

FinCEN Files: Tracing the flow of dirty money

Photo- ICIJ/DW The FinCEN files are the result of extensive international research on money laundering and financial crime. They show how dirty money is shuffled around the world and how banks fail to stop this flow of money. The unchecked movement of dirty money may not register as an immediate […]