Asian shares experienced a slight dip, while oil prices briefly surged following U.S. attacks on Iranian nuclear sites, sparking concerns about potential retaliation and its impact on global inflation and economic activity. Investors are closely monitoring the situation, particularly the Strait of Hormuz, a critical chokepoint for oil and gas supplies.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India