Thursday 10 November 2016

Sensex zooms 450 pts, Asian markets up 1-7%; gold gains further

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Adani's plan to build one of the world's largest coal mines in Australia received a boost today by a last-minute amendment to Queensland's new water laws that would exempt the Indian mining giant's controversy-hit 21.7 billion dollar project from any public objection process. The Queensland government has granted Adani's Carmichael mine project in the Galilee Basin an 11th-hour exemption to new water laws that could have seen the project subjected to further legal challenges.

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