India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
MUMBAI, July 4 (Reuters) - India's markets regulator has widened its probe into alleged market manipulation by U.S. securities trading firm Jane Street to include other exchanges and indices, according to a source, after barring it from trading in the Indian markets earlier on Friday. The Securities and Exchange Board of India (SEBI) barred Jane Street from buying and selling securities in the Indian market and also seized $567 of its funds. SEBI and Jane Street did not immediately respond to Reuters' requests for comment. Reporting by Jayshree P. Upadhyay in Mumbai and Nandan Mandayan in Bengaluru, Editing by Louise Heavens Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Boards, Policy & RegulationSecurities EnforcementRegulatory Oversight
Mumbai, June 6 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) has ordered the attachment of absconding businessman Mehul Choksi's bank accounts, mutual funds, and shares in an effort to recover Rs 2.1 crore. The amount is related to a penalty imposed on him for violating insider trading rules in the shares of Gitanjali Gems. Choksi, who was the Chairman and Managing Director of Gitanjali Gems, is accused of sharing unpublished price-sensitive information (UPSI) with an associate, Rakesh Girdharlal Gajera. Based on that information, Gajera sold off his entire 5.75 per cen ...Read More >
Stocktwits - Indian markets remained rangebound at open, with the Nifty index hovering around the 25,400 level. The retail sentiment on Stocktwits for Nifty has moved to 'neutral' from 'bullish'. Nifty sentiment and message volume on July 4 as of 9:45 am IST. | source: StocktwitsSectorally, metals continued to trade under pressure, while real estate, FMCG and pharma stocks saw some buying. Trent (NSE:TREN) was the top Nifty loser, falling 8% after management at its AGM stated that its fashion segment is expected to grow approximately 20% in Q1FY26E. Nuvama has downgraded the stock to 'Hold' ...Read More >
MUMBAI (Reuters) -India has barred one of the world's largest quant trading firms, Jane Street, from accessing its securities market after an investigation found it made "unlawful gains", taking the most stringent action ever against a foreign trading firm. The markets regulator also impounded $567 million from U.S.-based Jane Street, which said it disputed the findings. Here are facts about Jane Street and its India presence: WHAT IS JANE STREET? Jane Street has more than 3,000 staff in five offices across the United States, Europe, and Asia. It trades in stocks of 45 countries and is also ...Read More >
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by a decline in food inflation. Core inflation remains range-bound at 4.5%. The outlook for inflation r ...Read More >
Sify Infinit Spaces has filed draft papers with market regulator Sebi to launch the country's first data center IPO, aiming to raise Rs 3,700 crore. The company, part of the Sify Group, operates one of India's largest networks of data center colocation facilities. The IPO will include a fresh issue of shares worth Rs 2,500 crore and an offer for sale of shares worth Rs 1,200 crore by existing investors -- Kotak Data Center Fund (Rs 643 crore) and Kotak Special Situations Fund (Rs 557 crore). Th ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) plans to raise the threshold for identifying high value debt listed entities (HVDLEs) to ₹5,000 crore from the existing ₹1,000 crore. The move is aimed at reducing the compliance burden for such companies. Sebi said the move would reduce the number of HVDLEs from 137 to 48 entities, effectively bringing down around 64 entities from the current threshold. Corporate governance norms were introduced for HVDLEs in September 2021. These norms were applicable on a comply or explain basis till March 31, 2025 and became compulsory from April ...Read More >
New Delhi, Dec 4 (PTI) Axis Securities on Wednesday settled a case involving front-running trades by Vikrant Bhimrao Kadam, who worked as its dealer, and his friend, after paying Rs 14.62 lakh towards settlement amount to Sebi. It was alleged that as a stock broker, Axis Securities failed to exercise appropriate due diligence in the matter in its dealer and branch manager compliance policy. Also Read | Latest Government Jobs Notifications: Apply for 98 Court Officer, Assistant and Other Posts of NCLT Recruitment 2024; Know Salary and Other Details Here. The order came after Axis Securities ...Read More >
New Delhi, Jun 6 (PTI) Infrastructure major Larsen & Toubro (L&T) on Friday said it will raise Rs 500 crore through ESG bonds. An ESG bond is a debt security that funds an environmental, social, or governance goal. "Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (Sebi's) newly introduced ESG and sustainability-linked bond framework," the company said in a statement. HSBC is acting as the sole lead arranger in the transaction, it said. As part of the ESG bond deal, the ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9.15% on three-year bonds and 9.30% on five-year bonds, and will also have an option to defer interes ...Read More >
Governance firm InGovern Research has called for investor safeguards, citing market volatility triggered by offshore short-seller reports. This follows Viceroy Research's 9 July report alleging governance issues at Vedanta, which caused an intraday stock plunge of nearly 8 per cent. While acknowledging short-selling as a legitimate, regulated activity that aids market liquidity and price discovery, InGovern emphasised that such reports often serve the financial interests of their authors. "Crit ...Read More >
New Delhi, Sep 2 (PTI) Markets regulator Sebi came out with a new framework for monitoring intraday positions in equity index derivatives, a move aimed at preventing risks caused by large exposures. Under the new framework, the net intraday position has been capped at Rs 5,000 crore per entity in index options as against the end-of-day limit of Rs 1,500 crore, the Securities and Exchange Board of India (Sebi) said in a circular. The gross intraday position has been restricted at Rs 10,000 crore, the same as the existing end-of-day limit. This applied separately to long and short positions, i ...Read More >
(Reuters) -- India's markets regulator late on Monday issued fresh rules for monitoring intraday positions in equity derivatives. The Securities and Exchange Board of India has been reassessing the rules for equity derivatives after it temporarily banned U.S. high-frequency trading firm Jane Street from the Indian markets, saying some of its trading strategies were manipulative and left retail investors with losses. The new framework, which will take effect from Oct. 1, sets an intraday net position limit of 50 billion rupees ($571.4 million) per entity in index options, compared with an end ...Read More >
Mumbai: A special court on Tuesday rejected former stockbroker Ketan Parekh's plea to travel abroad, his sixth such request. The Securities and Exchange Board of India (SEBI) opposed his plea, alleging it was driven by a "calculated intent" to minimise his and his entities' digital footprints and a "sinister motive" to avoid court proceedings. SEBI said the case was at the stage of recording of evidence.Anubha Rastogi, special public prosecutor for SEBI, who tendered its reply, was present in court on Tuesday. For Parekh, senior counsel Sanjog Parab sought that the travel permission be granted ...Read More >
New Delhi, Oct 25: The Congress, on Saturday, demanded that Parliament's Public Accounts Committee (PAC) investigate the Life Insurance Corporation (LIC) following an US media report that the public sector company made huge investments in Adani Group's securities after they took a beating in the markets. However, the LIC denied the allegations as "false, baseless, and far from the truth". Congress general secretary in-charge of communications Jairam Ramesh alleged the savings of LIC's 30 crore policyholders were "systematically misused" to benefit the Adani Group. In a statement, Ramesh sai ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) on Wednesday approved a comprehensive overhaul of mutual fund regulations to improve cost transparency and reduce the expense burden on investors. According to the report, the changes were cleared by the SEBI board and will be implemented through the new SEBI (Mutual Funds) Regulations, 2026, replacing the existing 1996 framework after a detailed review. At the core of the reform is a revamp of the Total Expense Ratio (TER) framework. The SEBI has approved the exclusion of statutory and regulatory levies -- ...Read More >
New Delhi, Dec 4 (PTI) The Congress Wednesday said a "cover-up" is in the making after reports claimed entities connected to the Adani Group have approached the SEBI seeking settlement in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutions a laughing stock whose reputation has already been tarnished by the actions of Prime Minist ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade becau ...Read More >
SEBI also referred to a January order in which Parekh and two others were debarred for alleged front-running, with the regulator claiming that he relayed non-public, time-sensitive information from Singapore-based Rohit Salgaocar to frontrunners, enabling illicit profits The Securities and Exchange Board of India (SEBI) has objected to former stockbroker Ketan Parekh's request to travel overseas for four months, warning that he has previously used such permissions as a cover for fraudulent marke ...Read More >
Mumbai: Capital market regulator Securities and Exchange Board of India (SEBI) on Wednesday issued a circular stating that it will open a special window only for re-lodgement of transfer deeds, lodged before April 1, 2019 deadline, and were either returned, rejected or not attended due to deficiency in the documents or other reasons. The window will be open for 6 months-starting from July 7, 2025, to January 6, 2026. During this period, the securities that are re-lodged for transfer shall be issued only in demat mode, said SEBI. "In order to facilitate ease of investing for investors and to ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
New Delhi, Jul 4 (PTI) The strategy was straightforward - aggressively buy select Bank Nifty index stocks in the morning and sell them just as forcefully later in the day, triggering a sharp drop in share prices. While this often resulted in losses on the stock trades, the firm profited heavily from large parallel short positions in index options, which gained value as the market declined. US trading firm Jane Street, which started its India operations in December 2020, is said to have made Rs 36,671 crore in alleged "egregious" market manipulation between January 2023 and March 2025 on its I ...Read More >
BENGALURU: Jane Street has told staff it will contest a ban by India's financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were "basic index arbitrage trading". Jane Street said it was "beyond disappointed" by what it called "extremely inflammatory" accusations from the Securities and Exchange Board of India (SEBI) and is working on a formal response, according to an internal email sent to employees over the weekend that was seen by Reuters. The email did not elaborate on the potential action that Jane Stre ...Read More >
New Delhi: Illegal gains in the Jane Street scandal may not be limited to Rs 4,843 crore but may actually amount to as high as Rs 1 lakh crore, sources told Zee Business. They also said that the Jane Group's involvement in alleged market manipulation extends beyond the known four entities, with 3-4 more associated firms under the scanner. The revelation comes days after capital market regulator SEBI cracked its whip on Jane Street, barring the US-based high-frequency trading firm from Dalal Street, accusing the company and its India-incorporated entities of having taken large derivative positi ...Read More >
New Delhi, Jul 17 (PTI) Capital markets regulator Sebi has levied a fine of Rs 11 lakh on Prabhudas Lilladher after finding the financial services firm in violation of several regulatory provisions, including misuse of client funds and incorrect margin reporting. The order came after the Securities and Exchange Board of India (Sebi) along with the exchanges NSE, BSE and MCX carried out a comprehensive joint inspection of Prabhudas Lilladher Pvt Ltd. The inspection period was from April 1, 2021, to October 31, 2022. One of the major findings was the alleged misuse of client funds on three oc ...Read More >
New Delhi, January 27: The Supreme Court has upheld an order passed by the apex court registry in August 2024 refusing to admit a lawyer's application seeking direction to SEBI to submit its conclusive probe report into the Adani-Hindenburg controversy. Advocate Vishal Tiwari had moved an appeal against the order passed by the Registrar on August 5 last year. Earlier on July 15, 2024, the top court had dismissed a review petition filed against its earlier verdict refusing to form any SIT or group of experts to conduct an investigation. After perusing the review petition, a bench, headed by th ...Read More >
Mumbai, July 4 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) has barred US trading entity Jane Street and three of its related entities from accessing the market, directing them to deposit illegal gains of Rs 4,843.5 crore in an account in favour of the markets regulator. In its order, the regulator has also directed a debit freeze on the bank accounts of these entities, which include JSI2 Investments Private Ltd, Jane Street Singapore Pte. Ltd and Jane Street Asia Trading Ltd. According to the SEBI order, Jane Street earned Rs 43,289.33 crore in profits through trading ...Read More >
Mumbai: The chairperson of the Securities and Exchange Board of India (SEBI), Tuhin Kanta Pandey, has said that any form of market manipulation will not be allowed. He was speaking in Mumbai on Saturday, a day after SEBI took strict action against US-based trading firm Jane Street and three of its related companies. Stronger Watch on Illegal Trading Pandey said SEBI has increased its market surveillance to catch and stop illegal trading activities. "Market manipulation is not going to be tolerated," he told reporters. He added that SEBI will continue to take tough steps against unfair practi ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent muted demand scenario. Select companies from metals, pharmaceuticals, cement, banking and finance and ...Read More >
July 10 (Reuters) - The Indian markets regulator's ban on Wall Street trading giant Jane Street has squeezed volumes in the country's options market, but traders expect activity to snap back as larger investors step in. The Securities and Exchange Board of India (SEBI) on July 4 barred Jane Street from trading and froze $567 million of its funds for manipulation of stock indexes through derivative positions. Jane Street told staff it plans to challenge the order, calling the trades in question "basic index arbitrage." Since the order, index options premium turnover on the NSE and BSE exchang ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >