MARKET EYE-India's Motherson shares gain on earnings, stake sale
* Shares in India's Motherson Sumi Systems Ltd gain 5.15 percent, a day after posting a recovery in earnings and ahead of a planned stake sale that traders say could happen at a premium. * The auto parts maker said on Tuesday it would issue 4.4 million shares to institutional investors, on the same day when it reported swinging to a net profit from a net loss a year ago, and posting a 74 percent surge in sales. * "We take comfort in the management's good track record," UBS said in a note on Tuesday, noting factors such as improved productivity and higher utilisation ratios would lead to further gains in the shares. (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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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