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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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Orkla India's Rs 1,667 crore IPO opens October 29, 2025, with a grey market premium of Rs 106 per share, indicating a potential 14.5% listing gain. The 100% Offer for Sale will see existing shareholders monetize holdings, with shares expected to list on November 6, 2025.
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News and Media
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