Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Sesa Goa falls after SC panel's recommendations
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Employees are seen at the Bedara Bhommanahalli (BBH) iron ore mines at Chitradurga in Karnataka November 9, 2012.
Credit: Reuters/Danish Siddiqui
Reuters Market Eye - Shares in Sesa Goa(SESA.NS) fall 2 percent after a panel appointed by India's top court recommended scrapping 42 iron ore mining leases in Goa 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.
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