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Mumbai: A special court on Thursday directed jail authorities to strictly follow an order directing them to provide Jain food to an inmate. Through his lawyer, Viral Babar, accused Riteshkumar Shah submitted that despite a clear directive from the court issued over a month ago, he was denied his religious dietary requirements.Last week, he told the court that his health seriously deteriorated as he was only surviving on chapatis for a month due to the jail's noncompliance in providing him with Jain food.
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. SEBI said that Jane Street Group entities "are restrained from accessing the securities market and ...Read More >
Mumbai: A special PMLA court has directed prison authorities to provide proper Jain food to Ahmedabad-based trader Ritesh Shah, an accused in the Malegaon money laundering case. Shah had moved the court in May, stating that despite an earlier order, he was only being served chapatis and dal, not a diet in line with his lifelong adherence to Jainism. The court had allowed Shah's plea on May 14, observing that as a follower of Jainism, he is entitled to food aligned with his religious practices. However, Shah's lawyer, Viral Babar, later informed the court that the prison was still not complyin ...Read More >