MARKET EYE-Indian shares down; banks fall
* The BSE index down 0.49 percent and the NSE index also falls 0.46 percent, after the Lok Sabha was adjourned on the second day of the winter session of parliament, raising questions about proposed legislation and as caution prevails ahead of an all-party meeting on Monday. * Bank shares were leading the fall: HDFC Bank falls 1.4 percent, ICICI Bank down 0.9 percent. * Cigarette maker ITC Ltd falls 1.9 percent after gaining 3 percent in the previous two sessions. * Ranbaxy Laboratories Ltd shares fall 3.7 percent after it recalled its cholesterol-lowering drug atorvastatin in the United States, that largely drove the company's sales in the first of half the year. (email@example.com)
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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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The government is set to sell a stake of up to 10 percent in state-owned miner Coal India on Friday as it seeks to reignite an asset sale programme critical to the pledge to hit fiscal deficit targets by the end of March. Full Article