Indian shares end higher; retailers gain
MUMBAI, Dec 5 (Reuters) - Indian shares gained on Wednesday on hopes the government will muster a majority in parliament in a crucial vote on foreign direct investment in multi-brand retail later in the day. Shoppers Stop rose 6.9 percent, Pantaloon Retail closed 4.06 percent higher, rallying on hopes of a favourable outcome in Parliament. Bank shares such as State Bank of India gained 1.6 percent after a senior executive said the Indian government is likely to infuse $732 million in the bank. The BSE index provisionally rose 0.31 percent, and the NSE index added 0.3 percent. (Reporting by Manoj Dharra; Editing by Prateek Chatterjee)
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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