Domestic Headlines

1. Sesa Goa to buy 51% in Liberian iron ore firm for $90m - http://www.moneycontrol.com/news/business/sesa-goa-to-buy-51liberian-iron-ore-firm-for-3690m_573754.html - Mining is a very difficult business. As a miner you always strive either to dig out the stuff you have an find more to replace it or you go out for new mines incase the situation warrants. India anyways is in serious coal deficit and the thermal power plants are having to do with tight coal supplies. Even a small supply shock for a few days can bring down the system, hence nuclear power is essential for India.