Korea’s Hanwha Securities to stop financing Adani’s coal projects in Australia

first_imgKorea’s Hanwha Securities to stop financing Adani’s coal projects in Australia FacebookTwitterLinkedInEmailPrint分享The Guardian:A second major Korean backer of Adani’s Australian coal operation has said it won’t provide any more financial support for the controversial miner, which faces potential debt difficulties related to its Abbot Point export terminal.Guardian Australia has seen a letter from Korean brokerage firm Hanwha Securities – sent to the climate group Tipping Point on 30 July – which stated the firm would cease financing Adani’s coal projects.Last month, the ratings agency S&P Global downgraded its outlook on Adani’s Abbot Point terminal to “stable” after the company’s efforts to refinance debts were hindered by the coronavirus pandemic.The terminal’s Indian parent company, Adani Enterprises, urgently injected $100m needed to meet repayments due in May. Adani Abbot Point has also drawn down on about $170m of shareholder loans to pay off debt – owed to Commbank and Westpac – that was due to mature in November.Adani plans to export coal from its under-construction Carmichael mine from Abbot Point, which has total debts of about $1.5bn. Those debts include about $1.1bn due for repayment by December 2022, according to S&P Global.As the company postpones its efforts to refinance the most immediate Abbot Point debts, environmental activists have now secured withdrawal commitments from two large Korean financiers. Last month, Samsung group company Samsung Securities pledged to cease its financial backing of Adani, just days after protests began to target the group’s electronics branch.[Ben Smee]More: Second major Korean brokerage withdraws financial backing for Adani’s coal projectslast_img read more

‘Disgusting to denounce state government’: Haryana Sports Minister Anil Vij targets Manu Bhaker for her tweets, asks her to ‘feel sorry’

first_img LIVE TV Teenage shooting sensation Manu Bhaker, on Friday, took a dig at Haryana Sports Minister Anil Vij and the state government for not fulfilling the promise of Rs 2 crore cash reward which was announced after she won a gold medal at the 2018 Youth Olympics. In a series to tweets she had asked the sports minister for state, if the announcement was ‘correct or just jumla’.Retaliating to the Manu Bhaker’s tweet, Haryana Sports Minister Anil Vij took to Twitter to hit out at the 16-year-old shooting star. Here’s the tweet: COMMENT WE RECOMMEND Taking to Twitter on Saturday, the Cabinet Minister posted a series of tweets in which he slammed Manu Bhaker saying, ‘It is disgusting to denounce a state govt which is giving highest awards in the country’. Later, he went on to affirm the shooter will get the prize as notified by him. WATCH US LIVE Last Updated: 5th January, 2019 10:07 IST ‘Disgusting To Denounce State Government’: Haryana Sports Minister Anil Vij Targets Manu Bhaker For Her Tweets, Asks Her To ‘feel Sorry’ Haryana Sports Minister Anil Vij has hit out at Manu Bhaker for her tweets asking him about the cash prize that the state government had promised her on her gold win ar the 2018 Youth Olympics. FOLLOW US In another tweet, Mr Vij asked the gold medalist to ‘feel sorry for creating this controversy’ and ‘focus on her game’. 1 year ago CONFIRMED: Emraan Hashmi announces a new release date for ‘Cheat India’ First Published: 5th January, 2019 09:28 IST SUBSCRIBE TO US Digital Desk Written By 1 year ago Lok Sabha Passes Bill To Amend Aadhaar Act READ: ‘Was It A Jumla?’: Manu Bhaker Reminds Haryana Sports Minister Anil Vij Of Rs 2 Crore Cash Prize PromiseEarlier, the young pistol shooter, hailing from Goria village in Jhajjar, posted screenshots of Anil Vij’s previous tweet in which he had stated that the state government will reward her with cash prize worth Rs 2 crore for her performance and making the country proud.  Manu Vij gained the attention of the country with her stellar performances in shooting ranges across the world, winning multiple gold medals in her maiden senior World Cup, Commonwealth Games, besides the first prize at the Youth Olympics.READ: Youth Olympics 2018: Manu Bhaker Wins Second Medal, Hockey India Enjoys Successful Outing 1 year ago Terror funding: SC rejects plea of Hizbul Chief Salauddin’s sonlast_img read more

IPL 2016: High-flying Sunrisers Hyderabad take on struggling Kings XI Punjab

first_imgOn a high after back-to-back wins, an in-form Sunrisers Hyderabad will aim to continue their winning run when they take on Kings XI Punjab in an Indian Premier League (IPL) match here on Saturday. (Full IPL Coverage)After two losses in-a-row, skipper David Warner led from the front to steer Hyderabad to a convincing win over Mumbai Indians followed by Gujarat Lions to climb to fifth in the points table with four points from as many games.While Punjab are struggling at the moment and are placed at the bottom of the table with two points from four games, having lost three and won one. The side comes into the match after a six-wicket loss at the hands of Kolkata Knight Riders.Hyderabad will again rely on skipper Warner to fire for them at the top at the Rajiv Gandhi International Stadium. The Australian hard-hitting batsman sits at the top of the leading run scorers with 235 runs.His unbeaten 137-run partnership with Shikhar Dhawan which helped them bag a 10-wicket win over Gujarat will give the side a lot of confidence ahead of their home game. Dhawan who has not been among the runs lately will take confidence from his unbeaten 53-run knock to do better on Saturday.Moises Henriques, Eion Morgan, Deepak Hooda, Naman Ojha coming up in the middle and lower order make a formidable batting line-up.Bhuvneshwar Kumar has been leading the bowling attack with full responsibility and he is well supported at the other end by young Bangladeshi sensation Muztafizur Rahman, Barinder Sran and Henriques.advertisementOn the other hand, Punjab despite having match-winners like Glenn Maxwell, Shaun Marsh, David Miller and Murali Vijay in their side have been inconsistent in their batting department.The Miller-led side will aim to put aside their previous defeats and put up a good show to climb up the points table ladder.In the bowling line-up, Mohit Sharma, Axar Patel, Sandeep Sharma will look to take a step ahead and put up a collective effort to stop the Hyderabad batting powerhouse from exploding.The squads:Kings XI Punjab: David Miller (captain), Kyle Abbott, Murali Vijay, Manan Vohra, Mitchell Johnson, Shaun Marsh, Glenn Maxwell, Anureet Singh, Axar Patel, Wriddhiman Saha (WK), Pardeep Sahu, Sandeep Sharma, Mohit Sharma, Marcus Stoinis, Swapnil Singh, Armaan Jaffer, Farhaan Behardien, KC Cariappa, Rishi Dhawan, Gurkeerat Singh Mann, Nikhil Naik, Shardul Thakur.Sunrisers Hyderabad: David Warner (captain), Ashish Reddy, Ricky Bhui, Bipul Sharma, Trent Boult, Ben Cutting, Shikar Dhawan, Moises Henriques, Deepak Hooda, Siddarth Kaul, Bhuvneshwar Kumar, Abhimanyu Midtun, Eoin Morgan, Mustafizur Rahman, Ashish Mehra, Naman Ojha, Vijay Shanker, Karn Sharma, Barinder Sran, T Suman, Aditya Tare, Kane Williamson and Yuvraj Singh.last_img read more