SEBI has banned four Jane Street entities operating as foreign portfolio investors in India, accusing them of market manipulation. The regulator demands nearly Rs 4,850 crore in illegal gains be disgorged. Jane Street allegedly manipulated stock and F&O markets using aggressive buying and selling strategies.
The Los Angeles Lakers are actively exploring trade options to bolster their roster around Luka Dončić, with Andrew Wiggins emerging as a primary target. The Miami Heat’s asking price is steep, demanding a first-round pick, Dalton Knecht, and Rui Hachimura. Acquiring Wiggins would provide the Lakers with elite perimeter defense, reliable scoring, and valuable championship…
Finance Minister Nirmala Sitharaman urged decisive collective action from the Global South to address uncertainties stemming from fiscal constraints and geopolitical shifts. Speaking at the New Development Bank’s annual meeting, she emphasized the pivotal role of Multilateral Development Banks in catalyzing public and private investments.
India’s retail lending sector experienced a slowdown in FY25, according to CRIF High Mark’s report. Home loan originations saw a significant drop in growth, rising by only 2.7%. Personal loans also declined, with a 2.9% decrease in origination value. Two-wheeler and auto loans experienced reduced growth, while consumer durable loans showed muted expansion. Credit card…
NHL insider Nick Kypreos suggests Sidney Crosby might leave the Pittsburgh Penguins for the Montreal Canadiens after the 2026 Winter Olympics. With the Penguins potentially facing a rebuild, Kypreos believes Crosby’s talent shouldn’t be wasted on a non-contending team. The Canadiens, a young and improving team, could be an ideal destination for Crosby’s leadership and…
Tata Power plans to challenge a $490 million Singapore arbitration award related to alleged confidentiality breaches with Kleros Capital Partners over a Russian coal project. Despite the financial implications and another $106 million claim from Adaro International, Tata Power maintains a strong position and hasn’t provisioned for the losses.
Larsa Pippen celebrated her 51st birthday with her new boyfriend, Jeff Coby, at a Miami nightclub, marking their public debut as a couple. Pippen revealed that they’ve discussed taking their relationship to the next level, including engagement, and she has shared her preferences for diamond cuts. She admires Coby’s family-oriented nature and kindness, especially his…
Michael Jordan’s costly $168 million divorce settlement with Juanita Vanoy after 17 years significantly impacted his approach to future relationships. Following this financial hit, Jordan ensured a strict prenuptial agreement with his second wife, Yvette Prieto, outlining specific financial terms based on the length of their marriage. This reflects a strategic shift to protect his…
SEBI has banned US-based Jane Street from the Indian market for allegedly manipulating stocks and derivatives, ordering them to return nearly ₹4,850 crore in illegal gains. The firm is accused of strategies involving Bank Nifty stocks and index options to inflate profits. Despite a warning from NSE, Jane Street continued large trading positions.
Attracted by a weak rupee, NRIs significantly increased their foreign currency deposits, with net inflows rising 11% to $7.1 billion in FY25. This surge follows previous outflows during the pandemic. Relaxed interest rate caps by the RBI also contributed to the growth of FCNR (B) accounts, offering tax-free interest and protection from exchange rate fluctuations.
