logo
SEBI Allows Jane Street's Return To Indian Markets With Conditions

SEBI Allows Jane Street's Return To Indian Markets With Conditions

News183 days ago
But the respite that comes for Jane Street comes with some conditions and terms. SEBI has told the exchanges, BSE and NSE, to keep a strict surveillance on Jane Street Group's future dealings and positions to ensure that they won't indulge in any kind of manipulative activity till the completion of its investigation.
'Exchanges have confirmed that they will comply with this," Sebi said in a statement on Monday.
SEBI also directed Jane Street group to not make any debits in respect of assets without the prior approval of SEBI. Moreover, the market regulator directed the banks where Jane Street affiliates are holding bank accounts to ensure no debits were made without permission of SEBI, according to ET report.
Jane Street, as per Et report, said in the undertaking that it will not enter into options trading. Moreover, the group won't trade in the cash segment until it has explained its trading strategies to SEBI.
Earlier this month, the markets regulator in an interim order had barred the Jane Street Group from participating in Indian securities markets. Sebi had banned the Jane Street entities from trading or accessing Indian markets, frozen an amount of Rs 4,843 crore, and given the group 21 days to respond or request a hearing.
Founded in 2000, Jane Street is a US-based leading global trading firm that operates as a proprietary trading company. Unlike hedge funds, Jane Street trades using its own capital. It has operations across the US, Europe, and Asia, specialising in high-frequency trading and algorithmic strategies. The firm has over 2,600 employees and is known for its sophisticated quantitative models and automated market-making systems.
In India, it operated through four firms — JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

8th Pay Commission: Basic salary may jump to Rs 51000? know salary structure for central govt employees like Clerk, Officer after revision
8th Pay Commission: Basic salary may jump to Rs 51000? know salary structure for central govt employees like Clerk, Officer after revision

India.com

time8 minutes ago

  • India.com

8th Pay Commission: Basic salary may jump to Rs 51000? know salary structure for central govt employees like Clerk, Officer after revision

Currently, the question on every central government employee's mind is—when will the 8th Pay Commission come into effect? According to media reports, it could be implemented next year, although there is no official confirmation yet. What Is 8th Pay Commission? The salaries of government employees are revised periodically based on the recommendations of new Pay Commissions. As preparations are going on for the 8th Pay Commission, expectations are high that a major increase in basic pay will follow. How Much Can Minimum Basic Pay Increase? Under the 7th Pay Commission, the minimum basic salary is Rs 18,000. In the 8th Pay Commission, the fitment factor is expected to increase to 2.86 or more. Based on this, the new minimum basic salary could directly jump to around Rs 51,000. Component Current (Based on Rs 18,000 Basic) 8th Pay Commission (Based on Rs 51,000 Basic) Basic Salary Rs 18,000 Rs 51,000 Total Salary (Gross) Approx. Rs 31,500 Approx. Rs 89,000 DA (Dearness Allowance) Approx. Rs 6,120 Approx. Rs 17,340 HRA (House Rent Allowance) Approx. Rs 4,320 Approx. Rs 12,240 Total Income Increase – Approx. 2.8 times 8th Pay Commission Salary Structure Basic pay will increase significantly. All related allowances such as DA, HRA, TA, etc., will also rise accordingly. With the new basic pay, DA will reset to zero and start afresh. Pensioners will benefit too, as their pensions are calculated based on basic pay. Salary structures will change across all levels from Class-1 officers and clerks to peons. Estimated Basic Pay by Post (Under 8th Pay Commission): Position Estimated Basic Pay (8th Pay Commission) Peon / Level-1 Rs 51,000 Clerk Rs 55,000 – Rs 65,000 Group B Officer Rs 70,000 – Rs 90,000 Senior Officer / Level-10+ Rs 1,00,000+ It could result in an overall salary increase of around 30–34%, ensuring a significantly heavier paycheck.

Bad news for Indians as Meta, Amazon, Google, Microsoft may now stop hiring Indians because....
Bad news for Indians as Meta, Amazon, Google, Microsoft may now stop hiring Indians because....

India.com

time8 minutes ago

  • India.com

Bad news for Indians as Meta, Amazon, Google, Microsoft may now stop hiring Indians because....

Bad news for Indians- Representative AI image Bad news for Indians: In a matter of bad news for thousands of India who are aspiring to take jobs in American tech giants like Google, Meta and Microsoft, US President Donald Trump has called for avoiding 'radical globalism' pursued by some of the country's firms. In his recent statement, the US President has suggested to stop building factories' and 'hiring workers' from countries including India. Here are all the details you know about the recent statement from US President Donald Trump and how it will impact Indians. What has Donald Trump said on hiring Indians? 'For too long, much of our tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed. And you know that,' Trump said. 'Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All the while dismissing and even censoring their fellow citizens right here at home,' Trump said ahead of unveiling his administration's 'AI Action Plan.' What Donald Trump said on AI infrastructure? Trump signed three new executive orders: expediting permitting for AI infrastructure, boosting exports of US-developed AI, and banning federal procurement of AI systems with political or ideological bias. During his remarks at the AI Summit, Trump urged US tech companies to be 'all in for America.' 'We want you to put America first. You have to do that. That's all we ask. That's all we ask to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI action plan. Big stuff,' Trump said.

Indian airlines reported 183 aircraft defects till July 21: Govt
Indian airlines reported 183 aircraft defects till July 21: Govt

Business Standard

time8 minutes ago

  • Business Standard

Indian airlines reported 183 aircraft defects till July 21: Govt

Five Indian airlines reported 183 technical defects in their aircraft to the aviation regulator DGCA this year till July 21, including 85 by Air India Group, according to the government. Press Trust of India New Delhi Five Indian airlines reported 183 technical defects in their aircraft to the aviation regulator DGCA this year till July 21, including 85 by Air India Group, according to the government. IndiGo and Akasa Air reported 62 and 28 technical defects, respectively, while SpiceJet reported 8 defects, as per data shared by the civil aviation ministry in a written reply to the Lok Sabha on Thursday. Air India and Air India Express together reported 85 technical defects, respectively. All the figures are for this year till July 21. In 2024, the number of technical defects reported stood at 421, lower than 448 reported in 2023. In 2022, the count of technical defects reported stood at 528. The figures for these three years also include those of Alliance Air and erstwhile Vistara. In 2021, the number of technical defects reported in aircraft was 514. At that time, Akasa Air had not started operations. "All defects reported by the airline to the Directorate General of Civil Aviation (DGCA) are required to be investigated for taking appropriate rectification action. "The investigation of all defects, particularly major defects, has to be completed expeditiously so as to take preventive/corrective action at the earliest possible," Minister of State for Civil Aviation Murlidhar Mohol said in the written reply. Major defects are investigated by the operator in association with DGCA. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store