MARKET EYE-Cinemax India gains; PVR looks to buy stake
* Shares in Cinemax India Ltd gain 1.5 percent, after PVR Ltd said it is engaged in talks with promoters of Cinemax India for a potential purchase of their shares. * PVR Ltd has informed exchanges that it is talking with the promoters of Cinemax India for a potential purchase of their shares in Cinemax India. However, no definitive agreements have been entered into. * Dealers say the market had a whiff of this announcement, resulting in a 117 percent rise in the stock price in November, as of Monday's close. (email@example.com /; 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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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