Jane Street India Trades Show Blurry Line Between Arbitrage and Market Manipulation
Save
Was it egregious market manipulation or a legitimate trading strategy?
That debate is consuming high-speed traders from Amsterdam to Hong Kong and New York, after India's market regulator accused Jane Street Group LLC of artificially influencing prices of stocks and futures to profit from massive options wagers. The case has put a spotlight on the sometimes hazy boundaries between illicit trading and routine activity like market making and arbitrage.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Global Astrology App Market to Triple in Value, Reaching USD 9 Billion by 2030, Fueled by AI Integration, Digital Wellness Demand, and Personalized Services: MarkNtel Advisors
NEW DELHI, Aug. 19, 2025 /PRNewswire/ -- The Global Astrology App Market is on track for remarkable expansion, projected to grow from USD 3 billion in 2024 to USD 9 billion by 2030, registering a robust CAGR of 20% during 2025–2030, according to new research from MarkNtel Advisors. This growth is fueled by the increasing integration of astrology into digital wellness platforms, rising consumer demand for personalized spiritual guidance, and the explosive growth of the global smartphone population, now exceeding 6.8 billion users. Astrology apps delivering daily horoscopes, compatibility assessments, Vedic astrology, Chinese astrology, tarot readings, numerology, and live consultations — are blending ancient traditions with cutting-edge AI and big data analytics to provide accurate, user-specific insights at scale. Top Players in the Global Astrology App Market The competitive landscape of the global astrology app industry comprises leading app developers, content providers, and wellness technology firms. Key players include Astrology Zone, TimePassages, Co-Star, Nebula, Astroyogi, Astro Talk, Fortune Scope, AstroSage, Astro Line, Psychic Txt, The Pattern, AstroMatrix, Sanctuary Astrology & Psychic, Daily Horoscope, and others. These companies are recognized for their innovative content delivery, user engagement strategies, and global reach, positioning them at the forefront of the digital astrology sector. Interested User Can Get a FREE sample of the report here: Why Astrology App Demand is Rising Worldwide: Rising Demand for Personalized Horoscope & Vastu SolutionsNearly 80% of millennials and Gen Z in the U.S. use personalized horoscopes for decisions related to careers, relationships, and finances. The ancient Indian science Vastu Shastra has also seen a 30% rise in online consultations in the U.S. and U.K. in the past two years, particularly among diaspora communities. Smartphone & Internet PenetrationCountries like India — where 75% of households owned a smartphone in 2022 — present massive growth potential. This connectivity is enabling apps to penetrate deeper into rural and semi-urban markets. AI & Machine Learning IntegrationApps such as Co-Star and The Pattern are leveraging AI and big data to deliver highly personalized readings using birth charts, planetary positions, and astrological houses. Spotlight on India's Market Boom: The India Astrology App Market size was valued at USD 163 million in 2024 and is projected to surge to USD 1,797 million by 2030, at an exceptional CAGR of 49.19% during 2025–2030. This growth is driven by: The country's rich Vedic astrology heritage. Increasing acceptance of astrology apps among younger, tech-savvy audiences. High smartphone adoption and improved mobile internet access. Expanding premium service offerings, from live consultations to AI-powered compatibility reports. India's unique combination of cultural relevance and digital readiness positions it as one of the fastest-growing astrology app markets in the world. Opportunities for Growth: The Global Astrology App Market is increasingly leveraging social media to enhance user engagement and promote consultations. Platforms like Instagram, TikTok, and YouTube allow astrologers to share tailored content and daily horoscopes, appealing primarily to Millennials and Gen Z. Hashtags like #AstroTok generate billions of views, boosting app visibility. Collaborating with influencers and integrating live streaming features also increase credibility and meet the growing demand for personalized services. Access Complete Data Tables, Forecasts, Segment, and Competitor Profiles Here: Emerging Trends in the Astrology App Market AI-Driven Services: Chatbots, voice assistants, and predictive algorithms deliver instant, on-demand readings. Social Community Features: Group discussions, forums, and friend compatibility sharing enhance retention. Celebrity Endorsements: Influencer collaborations attract younger, pop culture–oriented audiences. Astrology App Market Challenges Data Privacy & Security: With astrology apps collecting sensitive user data (birth date, time, and location), strict adherence to GDPR and CCPA regulations is vital. Third-party cloud storage and analytics providers add further complexity to security compliance. Market Segmentation Insights By Type: The Global Astrology App Market features various types (Western Astrology Apps, Vedic Astrology Apps, Chinese Astrology Apps, Horoscope Apps, Tarot Card Apps, Numerology Apps, Others), notably Horoscope Apps, which hold about 40% of the market due to their wide appeal and user-friendliness. These apps deliver daily, weekly, and monthly horoscopes, attracting both casual and dedicated users. A 2024 survey found that over 35% of astrology app users primarily rely on horoscopes for personal and professional insights. Their social media connectivity and AI-driven personalized readings, like those from Co-Star and The Pattern, enhance user engagement, ensuring their ongoing popularity globally. By Revenue Model: Freemium apps dominate the astrology app market, holding about 45% market share by attracting a wide user base with basic free services like daily horoscopes and compatibility readings. They generate revenue from premium features such as detailed natal chart analyses and live consultations. Apps like Co-Star and Sanctuary Astrology exemplify this model by offering free forecasts alongside paid services. This approach not only boosts user growth but also capitalizes on seasonal demand, offering limited-time deals to enhance engagement. Regional Insights: Asia-Pacific Leading Growth North America South America Europe The Middle East & Africa Asia-Pacific The Asia-Pacific region dominates the Global Astrology App Market, holding about 30% market share. Countries like India and China boast strong cultural ties to astrology, with India's Vedic astrology and China's zodiac customs driving demand. The region's tech-savvy population and astrology apps in native languages enhance their appeal. With a rising need for personalized astrological guidance, this dominance is expected to continue in the future. Request Your Custom Astrology App Market Report – Regional or Country Specific – Get tailored insights for your exact target market. Related Questions You May Find Helpful: Q1. What is the projected size of the global astrology app market by 2030? A. The global astrology app market is expected to reach USD 9 billion by 2030, growing at a CAGR of 20% between 2025 and 2030. Q2. Which region leads the global astrology app market? A. Asia-Pacific currently leads the market, driven by cultural relevance, high smartphone penetration, and the dominance of countries like India and China. Q3. What is the growth rate of the India astrology app market? A. The India Astrology App Market is forecast to grow at an exceptional CAGR of 49.19%, reaching USD 1,797 million by 2030. Q4. Who are the top astrology app companies in the global market? A. Leading brands include Astrology Zone, TimePassages, Co-Star, Nebula, Astroyogi, Astro Talk, Fortune Scope, AstroSage, The Pattern, AstroMatrix, and others. Q5. What revenue model dominates the astrology app industry? A. The freemium model holds around 45% market share, attracting a broad user base while monetizing through premium features like live consultations and in-depth compatibility reports. Q6. How is AI transforming astrology app services? A. AI and big data enable highly personalized horoscope readings, predictive algorithms, and real-time chatbot consultations, making astrology apps more accurate and engaging. Q7. What role does social media play in astrology app growth? A. Platforms like TikTok, Instagram, and YouTube act as powerful marketing channels, driving app installs and increasing engagement through astrology-related content such as #AstroTok. Q8. What are the main challenges in the astrology app market? A. Key challenges include data privacy risks, cybersecurity threats, and compliance with regulations like GDPR and CCPA. Q9. How can astrology app developers increase revenue? A. By introducing subscription models, premium readings, AI-powered personalization, and partnerships with wellness platforms for cross-service offerings. Q10. Where can I get a detailed astrology app market report? A. You can request the full report at MarkNtel Advisors "Global Astrology App Market Research Report: Forecast (2025-2030)". Discover More Market Insights Like This One! – India Astrology App Market Research Report: Forecast (2025-2030) - Global Cargo Drones Market Research Report: Forecast (2025-2030) - India Battery Energy Storage System (BESS) Market Research Report: Forecast (2025-2030) - Vietnam Electric Vehicle Market Research Report: Forecast (2025-2030) - About Us – MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others. Contact Us:MarkNtel AdvisorsOffice No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, IndiaContact No: +91 8719999009Email: sales@ our Website: Source: Our Blogs - Logo: View original content: SOURCE MarkNtel Advisors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
Allied Blenders and Distillers walks away from Good Barrel Distillery deal
Allied Blenders and Distillers (ABD), an Indian alcohol beverage company, has decided not to proceed with acquiring a majority stake in Good Barrel Distillery. In January, ABD announced plans to acquire up to a 51% equity stake in Good Barrel, contingent on business milestones, with an option to purchase the entire paid-up share capital. However, this proposed acquisition will no longer proceed. In a stock exchange filing on 14 August, ABD said as part of the due diligence process, 'certain commercial considerations emerged, which required renegotiation of specific terms' and 'despite best efforts, the parties could not reach mutually acceptable terms and hence the board has decided not to proceed with the proposed acquisition'. Good Barrel, established in October 2021, is known for manufacturing alcoholic and non-alcoholic beverages, with Rock Paper Rum as its flagship brand. ABD said that the withdrawal of the transaction will not have a material or financial impact, as the deal was still in the preliminary stages. The company 'will continue to explore both organic and inorganic growth opportunities'. Two months ago, ABD acquired UTO Asia, a subsidiary of Dutch spirits group Herman Jansen, for €1.2m ($1.4m). The acquisition aimed to offer ABD 'worldwide rights' and 'title interest' in brandy and whisky brands Mansion House and Savoy Club, excluding ten markets. However, the Bombay High Court has prohibited ABD from selling these brands in India due to an ongoing commercial suit. The legal suit dates back to 2009, involving Herman Jansen and Indian distiller Tilaknagar Industries over brand rights. Herman Jansen sought a temporary injunction against Tilaknagar to prevent the use of the brands 'Mansion House' and 'Savoy Club'. ABD listed on the Indian stock exchanges last year. Financially, ABD reported its 'highest ever' profit after tax (PAT) in fiscal year 2025 (FY25) that ended 31 March 2025. In FY25, its total income rose to Rs80.94bn ($929m), a 5.5% increase from FY24. PAT reached Rs1.95bn compared with Rs20m in the previous year. Commenting on the results released on 15 May, Alok Gupta, managing director of ABD, said: 'We are pleased to report third consecutive quarter of robust performance following our IPO. "The consistent positive outcome of our four-point transformation agenda – premiumisation, supply chain security, margin enhancement, and enhance governance framework – is demonstrated in these results, validating both our strategic direction and its effective execution.' "Allied Blenders and Distillers walks away from Good Barrel Distillery deal " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
an hour ago
- Yahoo
Facing Trump tariffs, India's shrimp farmers consider switching to other businesses
By Rishika Sadam HYDERABAD, India/GUAYAQUIL, Ecuador (Reuters) -On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money. Andhra Pradesh state sends the most shrimp from India to the U.S. and farmers there have spent millions of rupees (hundreds of thousands of U.S. dollars) over the years to cultivate high-quality shrimp in saline ponds. Now they are being hit hard as Indian exporters have slashed rates they offer farmers by almost 20% after the tariff shock, wiping out most of their profits. "I am contemplating if I should do fish farming," said the 46-year-old from Veeravasaram village who has already mortgaged his family property and has $45,800 in outstanding loans. "These prices will not help me get any profits and I will not be able to pay off my loan." The United States is the biggest market for India's shrimp farmers and exporters, with clients including U.S. supermarket chains such as Walmart and Kroger. Last year, total seafood exports from India globally stood at $7.4 billion, with shrimp accounting for 40%. But the industry is now in troubled waters with President Trump's 25% tariff on imports from India already in place - the highest among major economies, and another 25% levy to kick in from August 27 to penalize New Delhi for buying Russian oil. By comparison, Ecuador, India's main rival for shrimp exports to the U.S., faces a much lower 15% tariff, heightening its competitive edge. In Andhra, there are around 300,000 farmers engaged in shrimp farming, selling products to dozens of exporters who ship to America. Pawan Kumar, head of the Seafood Exporters Association of India, said orders from U.S. clients have been paused in recent weeks as buyers aren't willing to absorb the tariff, and neither can exporters, forcing the latter to cut prices they pay to farmers. Although India also sells shrimp to other countries such as China, Japan and the UK, and likely will look to expand sales there and diversify into new markets, "that's not going to happen overnight," Kumar said. The impact is yet another example of how Trump's tariff threats are causing business disruptions across the world, especially in India, given it faces one of the steepest levies that have soured its relations with Washington. In Andhra, six of 12 farmers Reuters interviewed said they were considering putting shrimp farming on hold and looking at fish farming, vegetable retailing or other local businesses to tide over the crisis. The other six are choosing to wait it out a bit. Each round of shrimp cultivation takes about 2 months or more. While prices being offered for their shrimp are being slashed, the farmers said they still face loan payments and high operating costs for electricity, raw material and feed, as well as high land rentals. "There's hardly a 20-25% profit for us on good days, and if that's getting eaten up, what else is left?," said Gopinath Duggineni, the chief of a local union in Ongole city, adding the farmers plan to seek financial support from the state government. Ecuador, meanwhile, is closely tracking tariffs on India to seize on business opportunities, but producers there will go slow on new investments amid uncertainty over whether India and the Trump administration could strike a tariff deal, said Jose Antonio Camposano, president of National Chamber of Aquaculture of Ecuador. "India's exports are highly concentrated in the United States ... just as China is for us. So that is where we could gain ground if India withdraws," he said.
