MARKET EYE-L&T needs to announce 54 bln rupees projects-Jefferies
* Jefferies says Larsen & Toubro Ltd needs to announce additional projects worth 54 billion rupees this month to meet expected order flow of 180 billion rupees for the third-quarter of 2013. * The investment bank says that 15 percent on year order flow growth is "required to sustain valuations". * "We maintain that outlook for FY14E remains difficult and upside will be capped," Jefferies said in a note. * Shares of Larsen & Toubro were down 0.8 percent at 0911 GMT. (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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