Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Supreme Court targets some firms, suspends iron ore mining in Odisha

May 16 2014, 13:46 IST
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SummarySupreme Court suspends iron ore mining in Odisha by companies whose lease agreements have expired and were not renewed by the state government.

Supreme Court suspends iron ore mining in Odisha by companies whose lease agreements have expired and were not renewed by the state government.

Supreme Court ordered on Friday the temporary closure of some iron ore mines in the top producing state to curb illegal mining, TV channels reported, in a blow to local steel mills that depend on high-quality ore from the state.

Odisha, which allows exports of only half of total iron ore output, produced more than 70 million tonnes in the last fiscal year.

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