India’s PSU banks may receive up to $4 billion in passive inflows if the government raises the foreign institutional investment limit to 49%, according to Nuvama Institutional Equities. The move could drive strong rallies in key lenders like SBI, PNB, and Indian Bank, with expectations already boosting valuations.
US Stocks: Qualcomm unveils $20 billion stock buyback program; shares jump 3%
Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its