business

US-based quant trading firm Jane Street is seeking to lift trading restrictions imposed by SEBI after depositing ₹4,843.58 crore in an escrow account. SEBI alleges Jane Street manipulated India’s derivatives market, accumulating ₹36,500 crore in profits through orchestrated price inflation and subsequent liquidation of Nifty Bank component stocks and futures.

India-US trade deal: India is hesitant to open its dairy and agriculture sectors to the US as part of the trade deal, fearing significant losses for its dairy farmers. An SBI analysis suggests potential annual losses of Rs 1.03 lakh crore if the sector is opened to US imports.

Stock market recommendations: Motilal Oswal Financial Services recommends Suzlon and Glenmark Pharma as top stock picks for the week starting July 14, 2025. Suzlon anticipates healthy order inflows, potentially reaching 6.5GW by FY26, benefiting from favorable policy changes and strategic initiatives.

Following the Air India Flight 171 crash, the FAA and Boeing have privately affirmed the safety of fuel switch locks on Boeing aircraft. India’s AAIB preliminary report questioned if the fuel switches were accidentally activated, leading to engine failure. The FAA issued a notification stating the fuel control switch design doesn’t warrant an Airworthiness Directive.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was below 25,100, BSE Sensex was down over 200 points.

SpaceX has pledged $2 billion to xAI as part of a $5 billion equity round, strengthening Elon Musk’s AI startup’s position against OpenAI. Following xAI’s merger with X, the combined entity is valued at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla’s Optimus robots.

Mercedes-Benz India is set to increase its prices by 1% to 1.5% starting in September. This decision comes as a direct response to the sustained weakness of the Indian rupee against the euro. According to MD and CEO Santosh Iyer, the exchange rate has remained consistently at the 100 INR mark, necessitating the price adjustment…

Cipla, a prominent drug manufacturer based in Mumbai, is set to enter the weight management market in India, according to MD and Global CEO Umang Vohra’s FY25 annual report. The company is also focusing on expanding its influence within the central nervous system therapeutic area, aiming to strengthen its overall market position.

In 2024-25, the Indian government disbursed Rs 10,114 crore under Production-Linked Incentive (PLI) schemes, with large-scale electronics manufacturing receiving Rs 5,732 crore and pharmaceuticals securing Rs 2,328 crore. These two sectors collectively accounted for approximately 70% of the total incentive disbursements, highlighting their significant role in the PLI initiative.