India saw a slowdown in demat account growth in August. Around 24.8 lakh new accounts were added, less than July's 29.8 lakh. Market caution affected investor enthusiasm. Total demat accounts are now over 20 crore, a fourfold increase since 2020. New investors are mainly young individuals from smaller cities.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserves board of governors by Monday, before the central banks next vote on interest rates.
The SEC prepared a lawsuit accusing the fast-growing Malvern-based investment giant of failing to properly disclose its advisers special incentives to push the service.
