MARKET EYE-Indian shares trim losses; SBI gains ahead of results
* The BSE index falls 0.36 percent and the NSE index is down 0.45 percent. * ICICI Bank falls 1.4 percent on profit-booking after gaining 4.1 percent this month as of Wednesday's close, compared with a 2.5 percent gain in the NSE index. * Housing Development Finance Corporation also down 1.2 percent, after hitting its 52-week high of 805.85 rupees on Wednesday. * However, State Bank of India gains 1.9 percent, reversing earlier losses of as much as 1.6 percent, ahead of its quarterly results on Friday. * Shares in Tata Motors Ltd also gain 4.7 percent, after the automaker reported that July-September margins at its key Jaguar Land Rover subsidiary improved. (firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow