MARKET EYE-SGX Nifty falls; caution before GDP estimates, ECB
* Nifty futures on the Singapore Exchange fell 0.18 percent. The MSCI-Asia Pacific index, excluding Japan fell 0.19 percent. * Asian shares and the euro paused on Thursday, marking time ahead of a European Central Bank policy decision and remarks from ECB President Mario Draghi on prospects for the euro zone economy. * On watch, India to release advance GDP estimates for 2012/13, and NTPC share sale, floor price for which has been set at 145 rupees, or a 4.5 percent discount to its Wednesday's close. * Earnings on Thursday: ACC, Ambuja Cement, MRF, Aurobindo Pharma. (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 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