MARKET EYE-Indian shares gain; Tata Motors, ONGC lead
* The BSE index is up 0.6 percent and the 50-share NSE index rises 0.55 percent. * Shares in India's Tata Motors gain 3.1 percent after unit Jaguar Land Rover (JLR) was seen posting solid January sales. * Oil and Natural Gas Corp gains 1.5 percent, marking a second day of gains after quarterly earnings beat estimates. * Shares in Kingfisher Airlines fall to the maximum daily limit of 5 percent after lenders said they would initiate recovery proceedings against the defaulting carrier. * All eyes are now on January WPI data, due on Thursday, which is expected to have eased to its lowest level in three years, due to a smaller rise in prices of manufactured goods, according to a Reuters poll. (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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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