The development of the coal mine located at Queensland in Australia and required infrastructure including railways would cost $7.6 billion.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
Readers share their impressions of the man who will soon be India's prime minister.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
The company has battled opposition from green groups since starting work on the project five years ago
The Queensland Government has declared the rail corridor as a Strategic Development Area, the statement said.
The good news for the group has come from the port business.
SBI blamed poor coal prices for the decision to turn down the loan request.
The agreement was signed on Tuesday at state's Isaac Regional Council meeting.
Queensland's Development Minister Anthony Lynham issued a statement on Sunday, saying the combined mine, rail and associated water infrastructure have all been declared "critical infrastructure" and the project's special "prescribed project" status has been renewed and expanded to include its water infrastructure.
The mine, designed to eventually produce 60 million tonnes a year of thermal coal used in power stations, has been the focus of opposition by green groups fighting new coal mines and the rail and ports needed to ship the coal.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Under political fire and ecologists' ire, the group hires Suhel Seth, who will work closely with the promoters and the social media, corporate communications and external public relations team.
An Australian environmental group has launched a legal challenge against Adani Enterprises' $7 billion Carmichael coal mine project in the Galilee Basin.
Adani's plan to build one of the world's biggest coal mines has been hampered time and again.
A total of 11 international banks have publicly distanced themselves from the project.
This would be bigger than group co Adani Power's existing capacity.
'I spoke to Deven a couple of times after he shifted residence to Pune. He had changed. He had become quieter, sober. He used to be funny, full of laughter. I did call him a couple of times but it wasn't like old times.' Sharmila Tagore looks back at her close friend Deven Verma.
After Congress questioned the logic of the $1 billion loan to the Adani group, the Communist Party of India (CPI) on Friday joined issue demanding RBI's intervention in the matter.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
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The Greens are calling for an urgent investigation.
Birla is believed to have bought the property - a 30,000 square feet plot with a built-up area of 25,000 square feet - for personal use.
A T M Azharul Islam, a top leader of fundamentalist Jamaat-e-Islami party, was sentenced to death on Tuesday by a Bangladeshi special court for committing war crimes during the country's independence war against Pakistan.
Terminal Zero will be constructed at the port of Abbot Point near Bowen town, Queensland, as per the Memorandum of Understanding inked between the company and Korea's POSCO.
Practising his strokes for over seven million times has given him an unforgettable muscle memory and an uncompromising diet has kept his enviable fitness intact in an astonishing 25-year long career but Leander Paes is not training the way he used to train 20 years ago. The 43-year-old has just finished another season in his glorious career and he is not finished yet. Rather, he has set himself a new target - taking his Grand Slam tally to 20. Passion for the game and a knack for creating history has kept him going but it also involves pain of hard work that may become difficult to sustain year after year.
S.Kumars chief Nitin Kasliwal is charged with non-performance by company shareholders in the recently help AGM of the company.
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
You must visit these wonderful places across the globe to experience their rich and vibrant culture.
Projects in other developed countries, such as Canada, and even in developing nations like Mozambique and Indonesia are also in limbo
Real estate developers are banking high on ultra-luxury projects.
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