Brokerages Nomura and UBS assess the impact of AI on Indian IT stocks, with Nomura suggesting current sell-offs are front-loading pains and UBS highlighting the importance of adapting to AI. Both acknowledge transition challenges but see potential for stock floors due to cash flows and dividends. Adaptability to AI adoption and pricing model shifts will be crucial for future valuations.
The Reserve Bank of India has eased external commercial borrowing rules, potentially allowing Indian companies to raise up to $100 billion in 2026-27. Key changes include higher per-borrower limits, relaxed end-use permissions, and the removal of pricing restrictions, making overseas funding more accessible and attractive for corporate expansion and acquisitions.
More than 500,000 Illinois residents have so far benefitted from the program, with average debt relief of about $1,200 a person, according to the governors office.
