Securities and Exchange Board of India has proposed simplifying transmission of securities to heirs by raising documentation thresholds, introducing straight-through processing for small claims and standardising procedures, aiming to reduce paperwork and speed up asset transfer for families of deceased investors.Read More
The U.S. Federal Reserve will cut interest rates for the first time this year in June, according to economists polled by Reuters who are clinging to their views despite the risk that disruption of energy markets resulting from the U.S.-Israeli war on Iran boosts already-elevated inflation.Read More
Wall Street’s main indexes opened lower on Thursday as oil prices surged to nearly $100 a barrel, fanning inflation worries and forcing traders to dial back expectations of U.S. interest rate cuts.Read More
Hazel Infra, the promoter entity of shipbuilder Swan Defence and Heavy Industries, is looking to part sell their holding in the company through the offer for sale (OFS) route next week, people aware of the development said on Thursday.Read More
Oil prices soared Thursday, briefly trading above $100, and stock markets extended losses as fresh attacks against Gulf energy targets offset the release of crude reserves by major economies.Read More
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