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PSU bank stocks rose up to 3.3% after reports said the government may raise foreign investment limits to 49% in state-run banks, more than double current caps. The finance ministry and RBI are in talks, aiming to align rules with private banks, where foreign ownership is allowed up to 74%.
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If confirmed, the cuts in Amazon's corporate ranks could mark the company's biggest layoffs in several years.
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Indian stock markets are showing signs of recovery. Corporate earnings are improving, and foreign investors are showing renewed interest. This shift follows a period of underperformance compared to global markets. Experts believe India is set for a turnaround. Valuations have eased, making it an attractive destination. A potential rotation from other emerging markets could further boost Indian equities.
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