MARKET EYE-Goldman Sachs upgrades India's L&T; shares gain
* Shares in India's Larsen & Toubro Ltd gain 1.7 percent after Goldman Sachs upgrades the stock to "buy" from "neutral". * Goldman cites cheaper valuations after L&T's recent under-performance against the broader index and the prospect of stable revenue growth over the medium term. * The investment bank also notes the government is expected to fast track an estimated $30 billion worth of infrastructure projects in fiscal 2013/14, while also pointing to other supportive factors such as an expected lower cost of financing. (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