logo
Jane Street Probe in India to Expand Further, SEBI Official Says

Jane Street Probe in India to Expand Further, SEBI Official Says

Bloomberg9 hours ago
India's investigation of alleged manipulative trades by Jane Street Group will expand to include other major stock indexes over the coming months, a Securities and Exchange Board of India official said, without providing a timeline of when the probe will end.
The next phase of the investigation will focus on trades undertaken by Jane Street and its units in other stock indexes in India, including the National Stock Exchange of India Ltd.'s flagship gauge Nifty 50 and the BSE Ltd.'s benchmark Sensex, the official said, asking not to be named as the details are confidential.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Jane Street Banned from Indian Securities Market
Jane Street Banned from Indian Securities Market

Business Insider

time26 minutes ago

  • Business Insider

Jane Street Banned from Indian Securities Market

Jane Street, one of the largest quant trading firms in the world, has been temporarily barred from the Indian securities market following an order from the Securities and Exchange Board of India (SEBI). SEBI, India's market regulator, had been investigating Jane Street for the past three years. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. '(JS Group) entities are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly,' said SEBI. The regulator has impounded 48.4 billion rupees, or $566.71 million, from the quant firm, equivalent to the amount of alleged illegal gains. SEBI Accuses Jane Street of Market Manipulation The bar stems from the investigation's conclusion that Jane Street manipulated Indian indexes, like the Nifty 50. One of its strategies involved buying large amounts of stocks and futures contracts of companies within the Bank Nifty index. Afterward, Jane Street would take on bets that would benefit if the Bank Nifty fell and then sell the positions it had bought earlier in the day. 'As an options trader, I could see the manipulation happening live on the screen, and so could other traders on every expiry day,' said the president of a hedge fund in the UAE who requested anonymity. The First Trust India Nifty 50 Equal Weight ETF (NFTY) is having a solid year and has similar gains to the S&P 500 ETF (SPY) on a year-to-date basis.

Save Earth Mission Concludes Grand Vision Unveiling; Launches Global Tree Plantation Campaign
Save Earth Mission Concludes Grand Vision Unveiling; Launches Global Tree Plantation Campaign

Yahoo

time4 hours ago

  • Yahoo

Save Earth Mission Concludes Grand Vision Unveiling; Launches Global Tree Plantation Campaign

Ahmedabad, India--(Newsfile Corp. - July 4, 2025) - Save Earth Mission successfully concluded its much-anticipated Grand Vision Unveiling event at GIFT City Club in Ahmedabad. The event marked a significant milestone in the organization's global climate movement, bringing together international delegates, environmental experts, corporate leaders, students, and nonprofit representatives to align on urgent, sustainable climate solutions. Photo from Save Earth Mission's Grand Global Vision Unveiling In his keynote address, Sandeep Choudhary, President of Save Earth Mission - India, emphasized the importance of global unity and human responsibility in addressing climate change. He stated, "Let's act like a human, live like a human, and stand united as humans - for one common cause: a cleaner, greener Earth." His address resonated with attendees, reinforcing the organization's vision for collective climate action and restoration. One of the major announcements made during the event was the launch of a global tree plantation campaign scheduled to begin in August 2025. This initiative will see participation from over 60 countries in a synchronized effort to promote reforestation and environmental restoration. The campaign is designed to support Save Earth Mission's ambitious target of planting 30 billion trees by the year 2040. It will focus on region-specific indigenous species selection to preserve local biodiversity, the implementation of real-time geo-tagged monitoring for transparency and tracking, and partnerships with governments, institutions, corporations, and local communities to drive inclusive participation. Dr. Ajay Desai, International Advisor - Corporate Affairs at Save Earth Mission, highlighted the role of corporate engagement in achieving meaningful progress. He noted, "The Grand Vision lays a practical foundation for climate-positive action. Corporate participation is critical to achieving these shared environmental goals." His statement reflected the broader call for businesses to step forward as key allies in sustainability efforts. The event also featured demonstrations of Save Earth Mission's technology platforms, including AI-powered tools for climate data analytics and real-time environmental monitoring. Delegates were introduced to the campaign's official communication materials and the organization's digital dashboards designed to track tree growth and carbon impact in participating regions. Save Earth Mission's Global Vision Unveiling event has reinforced its commitment to actionable climate leadership. With its global tree plantation campaign commencing in over 60 countries this August, the organization is mobilizing a truly international movement for environmental restoration and sustainability. The official hashtags for the campaign are: #OneTreeOneWorld, #EkPedGlobalMission, #EarthUnited, and #EkPedMaaKeNaam. --- *Media Contact* Eric Thompsonmedia@ To view the source version of this press release, please visit

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