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Torrential rains have once again disrupted life across Himachal Pradesh, leaving more than 37 people dead and causing property damage worth over ₹400 crore, according to the State Disaster Management Authority. The India Meteorological Department (IMD) has issued a rain alert for the state until July 7, as monsoon showers continue to lash several regions. Officials from the Himachal Pradesh State Disaster Management Authority and the Revenue Department said the state has recorded losses exceeding ₹400 crore due to relentless rainfall. Rescue, relief, and search operations are in full swing, particularly in Mandi district, which remains the worst affected. Several roads in the region are blocked, and essential services have been disrupted.
The Securities and Exchange Board of India (Sebi) has barred US-based trading firm Jane Street from accessing Indian securities markets for alleged manipulation. In an interim order, Sebi also directed the high-frequency trading firm to disgorge ₹4,844 crore in 'unlawful' gains. The ban will remain in effect until the firm complies with the order to surrender the alleged illegal profits. Sebi's investigation found that Jane Street was responsible for a substantial share of net buying in the 12 Bank Nifty component stocks and their futures. This 'burst of buying' was aimed at influencing the prices of these securities, enabling the firm to take significantly larger and more profitable positions in the highly liquid index options segment.
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