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India speeds up divestment of 8 firms
India is rapidly selling shares in eight government companies, including the country's largest life insurance company and Hindustan Zinc, in an effort to bolster public finances amid pressures from rising oil prices. The government expects these sales to generate around 150 billion rupees (approximately $1.55 billion) from share sales, as part of its goal to raise 800 billion rupees for the fiscal year 2026-2027, despite declining oil prices and fluctuations in the Indian stock market.
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