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India Sells Stake in State-Owned Coal Firm

As part of a program to raise billions of dollars through partly privatizing state-owned companies, India sold stakes in a coal mining firm Friday. The program is intended to help the government to control its fiscal deficit as it seeks to boost the country’s economy. Boosting economy The 10 percent stake in Coal India that investors snapped up Friday will bring in about $3.7 billion for the government. The company is the world’s largest coal producer and the largest supplier...

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