Stock market regulator Sebi has streamlined penalty rules for brokers, introducing a single penalty per violation across exchanges. The number of penalties has been drastically cut from 235 to 90, with many minor lapses now facing financial disincentives instead of penalties. This move aims to reduce reputational risk and provide significant relief to the broking community.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.