MARKET EYE-Sesa Goa falls after SC panel's recommendations

Mon Dec 10, 2012 9:41am IST

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Kishore Pandey, 82, lies on a bed as his daughter, Usha Tiwari, holds him and a priest stands by them (L) at Mukti Bhavan (Salvation House) in Varanasi, in the northern Indian state of Uttar Pradesh, June 19, 2014. REUTERS/Danish Siddiqui

Waiting to die at Salvation House

The city of Varanasi is Hinduism's holiest city and many Hindus believe that dying there and having their remains scattered in the Ganges allows their soul to escape a cycle of death and rebirth.  Slideshow 

* Shares in Sesa Goa fall 2 percent after a panel
appointed by India's top court recommended scrapping 42 iron ore
mining leases in Goa state until mining companies submit plans
to deal with the environmental impact and the legal details
involved, a lawyer who attended the hearings said.
 
* Kotak Institutional Equities says, "Resumption of mining in
Goa could be a laboured affair and follow the footsteps of
Karnataka." 
* The research house adds that Sesa Goa stands to lose 9 percent
contribution to fair value due to this development, on a likely
production cap and delay in restart of mining.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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