India's Network18 to sell stake in Newswire18 for $16.6 mln

MUMBAI Mon Dec 3, 2012 2:07am EST

MUMBAI Dec 3 (Reuters) - Network18 Media & Investments Ltd will sell its shareholding in news provider Newswire18, the company said in a statement to the stock exchange, in a deal worth 900 million rupees ($16.6 million).

No details on the acquirer of the stake were immediately available.

($1 = 54.3950 Indian rupees) (Reporting by Henry Foy; Editing by Prateek Chatterjee)


After wave of QE, onus shifts to leaders to boost economy

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.