MARKET EYE-Hindustan Copper falls to daily limit after share sale
* Shares in state-run Hindustan Copper falls 20 percent, to their maximum daily limit for the second day after government's stake sale. * India raised 8.1 billion rupees ($147 million) by selling shares of Hindustan Copper on Friday, kick-starting a stalled divestment programme that is crucial to reining in a ballooning fiscal deficit. * Dealers say spot market prices are inching closer to the weighted average price of 156.56 rupees in the recently concluded offer for sale. (firstname.lastname@example.org /; 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 made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit. Full Article