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Time of India
12 hours ago
- Business
- Time of India
Jane Street probe: SEC seeks Sebi details as investigation continues; Rs 4,843 crore gains under lens
Representative image The US Securities and Exchange Commission (SEC) has asked the Securities and Exchange Board of India (Sebi) for details on its ongoing investigation against Jane Street, a New York-based proprietary trading firm accused of manipulating India's derivatives market. People familiar with the development were quoted by ET as saying that Sebi has already responded to specific queries raised by the SEC. Under Articles 6 to 8 of the IOSCO multilateral agreement, regulators who are signatories are obliged to share information with one another. According to ET, Sandeep Parekh, who is managing partner of Finsec Law Advisors, said, 'As both are signatories, the SEC can seek any information required and Sebi would be obliged to give it for regulatory action or investigation'. He noted this framework had earlier been used by Sebi in its probe into UBS. On July 3, Sebi issued an interim order barring Jane Street from trading and directed it to deposit Rs 4,843.57 crore, the alleged illegal gains from manipulation. The firm complied, placing the full amount in an escrow account. Following this, Sebi conditionally lifted the trading ban on July 21. As per news agency ANI, the decision drew appreciation from legal and market experts who saw it as a fair balance between due process and investor protection. Jane Street, which deploys complex high-frequency algorithms and operates across major global markets, has not legally contested Sebi's findings yet. However, the firm has maintained that it reserves the right to pursue legal and equitable remedies. According to sources cited by ET, Jane Street has been informed of the hearing dates and its lawyers are preparing a formal rebuttal. Sebi's order alleged that Jane Street used its 'trading, financial and technological prowess' to manipulate the Bank Nifty Index through aggressive morning buying and late-day selling patterns. The manipulation allegedly impacted index levels near expiry and harmed retail investors on the opposite side of the trade. The regulator has invoked the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations and used Jane Street's trading data from about 20 profitable days to quantify illegal gains. Legal experts argue that Sebi's methodology focused only on a few profitable days, rather than evaluating a full set of trades. 'It picked the winning days out of many days of winning and losing trades,' a securities lawyer said, as per ET. Sebi's investigation is ongoing and could be expanded to include the NSE Nifty Index and other stocks. It has also asked exchanges to monitor Jane Street's future trades closely. A confirmatory order will be issued after the hearing process concludes. Corporate lawyer HP Ranina, speaking to ANI, called Sebi's move 'objective and fair,' stating that if the firm is cleared, the deposited money would be refunded. Market expert Sunil Shah praised Sebi for protecting retail investors, adding, 'I hope they will monitor these things further so that in future, no big institution can take advantage of small investors Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Scientific American
2 days ago
- Science
- Scientific American
How Logical Are You? Test Your Skills With These Problems from the New International Logic Olympiad
Earlier this month, 36 sharp-witted high school students from around the globe stepped foot on the warm and breezy campus of Stanford University. Out of more than 4,000 students from more than 2,000 schools in more than 90 different countries, these 36 people were selected to compete as finalists in the second-ever International Logic Olympiad (ILO). The competition included three rounds of tests, culminating in the final one at Stanford. There teams of two to four engaged in a battle of wits, solving logic puzzles and competing in mathematical games against the backdrop of the foothills of Palo Alto, Calif. The winners this year were 11th-grade students Luke Song, Zixuan Yin, Kingston Zhang and Max Yang, who, unhappy with their official moniker of 'Team I,' informally dubbed themselves 'Team Goblin Tribe' after a video skit they watched during a review session. The key to their success, they contend, was lots of practice and teamwork. 'I think part of the reason why we were able to do so well in this was because I know my teammates really well and we've been friends for many years,' Song says. The ILO was launched by Stanford computer scientist and logician Michael Genesereth in a collaboration between the university and the educational nonprofit Luminas. 'We use logic in almost everything we do,' Genesereth says. Doctors employ logic to diagnose patients, lawyers use logical arguments in the courtroom, and logic is more essential than ever to evaluate the rapidly changing world around us, he notes. 'It doesn't all have to do with mathematics and formulas and algebra,' Genesereth adds. On supporting science journalism If you're enjoying this article, consider supporting our award-winning journalism by subscribing. By purchasing a subscription you are helping to ensure the future of impactful stories about the discoveries and ideas shaping our world today. Most of this year's winners have an interest in computer science, alongside environmental science, applied math and electrical engineering, but Zhang says that neither math nor computer science are his 'strong suit' and that he plans to go into political science. 'A lot of the problems require very expansive thinking and creative solutions, and I think that'll definitely help me if I go into policy in the future,' he explains. A special aspect of the olympiad is its collaborative nature, in which teams work together to solve problems, Yin says. He was particularly proud of how he and his teammates collaborated on a puzzle called Nations (below). After he reasoned out that a solution offered by one of the members of his group must be wrong and came up with an alternate one that proved correct, that teammate 'just kept on telling me how fortunate he was to have me on his team,' Yin says. 'Having these amazing people to work on logic—it's something that unites our friend group together.' Here are a few curated puzzles from the competition that you can try your hand at with a friend group of your own. Some of the puzzles have been edited to better fit the format of this article. Friends Four students, numbered 1, 2, 3 and 4, vote among themselves to determine who should lead their review session. Each student is required to vote 'yes' or 'no' for each person in the group, including themselves. The following are true statements about their ballots: In the table above, statements from the original ILO problem in the language of mathematical logic are at right. Our translations of those statements are at left. Determine, to the extent possible from these statements, who did and did not vote for whom. Fill that out in the following grid with a check for a yes vote, an 'x' for a no vote and a blank if you can't know for sure. Each row represents the ballot of the number listed at the left. Note: If we have a statement A that is not true, we consider any sentence of the form 'if A, then B ' to be true. For example, 'if the sky is green, then ____' is true no matter what goes in the blank because the premise is false. You will need this fact to solve the puzzle. Quiz 1. What is the answer to question 2? A. B B. A C. D D. C 2. What is the answer to question 3? A. C B. D C. B D. A 3. What is the answer to question 4? A. D B. A C. C D. B 4. What is the answer to question 1? A. D B. C C. A D. B Safe Cracking A combination safe is opened with a series of four switches that can be flipped on (1) or off (0). The safe is broken, so in order to open it, you only need to get the position of two particular switches correct—but there's no way of knowing which switches are the ones that matter. Find the smallest set of combinations you can try to guarantee that one of them will open the safe. Nations There are two types of nations: strong and weak. Only weak nations can be invaded, and only strong nations can invade. If a strong nation invades a weak nation, it will annex the weak nation, but it will become weak, and thus invadable, for some period of time. Only one strong nation may invade a weak nation at a time. If multiple nations decide to invade the same weak nation, one is randomly chosen to be allowed to invade. Each nation wants to be as big as possible but not at the expense of being annexed itself. Assume all nations are completely rational. There are five strong nations and one weak nation. Will the weak nation be invaded? Hint: Try starting with one strong nation and one weak nation first and then build up from there. In order to solve the problem, try to see how complex cases can be reduced to simpler ones—a method formally known as 'mathematical induction.'
The South African
3 days ago
- Sport
- The South African
Miguel Inacio's staggering SALARY at Kaizer Chiefs revealed?
After a mixed start to his first season at Amakhosi, Kaizer Chiefs defender Miguel Inacio heads into the next campaign as the new club captain. The 29-year-old centre-back joined Chiefs from Petro de Luanda. In his debut season for the Glamour Boys, Miguel played 28 times and scored four goals across all competitions. His discipline has let him down at times forcing him to miss several games due to suspension. He received four yellow cards and a red card. According to reports, the Kaizer Chiefs captain earns roughly R350 000 per month, making him one of the highest-paid players in the PSL. 'PontoZero reports that Chiefs paid USD250 000 (approx. R4,4 million) for his transfer from Petro where his minutes were limited,' KickOff reported. 'It is claimed that Miguel's gross monthly earnings are at 20 million Angolan Kwanza (approx. R385 000). This puts his annual package at R4,6 million, putting him into the class of better-earning players at Chiefs,' the publication reported. Miguel has formed a solid partnership with Rushwin Dortley upon arrival however, the young Bafana Bafana defender was sidelined for the second half of the 2024/25 season with injury. The Angolan international has shown leadership qualities, especially in the Nedbank Cup, where he helped Kaizer Chiefs to their first cup win in a decade. Let us know by leaving a comment below, or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Irish Independent
7 days ago
- Entertainment
- Irish Independent
Bumper programme announced for 2025 Mallow Arts Festival
The band who are renowned on the live circuit for their high octane performances will be bringing their brand of punk folk energy to Mallow for the annual arts festival. The punk-folk outfit are an anarchic mix of drums, bodhrán, whistles, punk poetry, songs and beats. Initially a solo project, Wasps vs Humans punk poet/drummer, Carl Antony Plover has shared the stage with some of Ireland's and UK's well-regarded performers including Christy Moore, John Cooper Clarke, Whipping Boy and a daring opening set for The Fall. As a musician, he has released an album and single with 4,000,000 Telephones to critical acclaim in the UK national press and he also made the playlist for the John Peel BBC Radio 1 Show. Having partnered up with musician wife, Linda Plover, WvHs have honed a distinctive punk/folk sound over the last eighteen months, whilst promoting their debut album, 'Scratchcard Empires'. The album, released in October of last year, features singles such as 20 million Andrew Tates, Price You Pay, and Ugly America. The doors at Kepplers Cellar Bar will open from 9pm for the performance. The 2025 Mallow Arts Festival which will be held from July 23 to July 27 is an annual festival celebrating live music, literature, art, film and everything creative. Acclaimed musician and mental health advocate, Niall Breslin, will also be bringing his unique and thought provoking live show to Mallow. The Irish musician who is also known as Bressie will be performing in St James Church, Mallow on Saturday, July 26. ADVERTISEMENT This show which combines the power of storytelling with music will have a special appeal to those invested in mindfulness and mental well-being and provides a thought provoking and moving experience. Other highlights from the upcoming festival include Sweep Down To The Sea on July 24, Scullion on July 25, Kieran Goss and Annie Kinsella on July 27. A creativity writing and wellbeing workshop for teens will also be held on Saturday, July 26 at 11am, while a yoga class will be held in the serene surrounds of Mallow Castle on Saturday, July 26 from 10.30am to 12 noon. Other highlights include the launch of Mary Bradford's new book which will take place on Thursday, July 24 at Mallow Library and a drama workshop with Geoff Gould. There are lots of great highlights for people of all ages in this year's 2025 Mallow Arts Festival.
Time of India
15-07-2025
- Business
- Time of India
Little Pepe (LILPEPE) Over Shiba Inu and XRP Instead Of Ethereum, Elite Trader Identifies the Best Cryptos to Invest in This July
Ethereum may still power DeFi and NFTs, while Shiba Inu aims to reclaim the $0.000080 mark, and XRP is enjoying momentum from its courtroom victories. But this July, an elite trader is putting all eyes on Little Pepe (LILPEPE) — a meme coin-turned Layer 2 token that's not just catching up but sprinting ahead. Ethereum's Solid Legacy Can't Compete With Viral Velocity Ethereum remains the backbone of decentralized finance, but it has reached a level of maturity that limits the potential for wild short-term returns. The spotlight is now turning to fresh tokens with higher upside — and that's where LILPEPE is rewriting the playbook. With over $4.475 million raised and 3.75 billion tokens sold, LILPEPE has ignited intense FOMO. Now, in Stage 5, priced at just $0.0014, another 1.5 billion tokens are on the table. With a confirmed listing price of $0.003, investors can lock in 114.28% gains before LILPEPE even hits the market. Projections suggest it could soar to $0.100, delivering 71x gains by Q3 2025. Shiba Inu and XRP Feel Familiar, But LILPEPE Feels Fast Yes, Shiba Inu is showing signs of strength and could retake its $0.000080 peak in 2025. XRP has a strong case as one of the most resilient large-cap coins available. But neither of them is expected to deliver the sheer rocket-fueled momentum that LILPEPE promises. A growing wave of traders agree. Several whale transactions were spotted during LILPEPE's Stage 4, including a top whale who scooped up $4,896.95 (1.91 ETH) worth of tokens—all before the next stage even began. That kind of conviction doesn't come from hype alone. It's driven by vision. Why LILPEPE Has Become The Top Crypto Bet of July LILPEPE is more than just a meme—it's a fully operational Layer 2 blockchain built on Ethereum, designed for fast transactions, low gas fees, and real-world utility. It offers zero tax on buys and sells, anti-snipe protection, and a community-first model that's winning over both retail and institutional buyers. What makes it stand out is its infrastructure. Backed by real scalability and Ethereum compatibility, it's no surprise that publications like IndiaTimes and Finbold are spotlighting it as the most promising crypto pick of the moment. And while big tokens move slowly, LILPEPE is racing. Its momentum is now being documented across the space—from Blockchain Reporter to DLNews and beyond. The Giveaway That's Fueling Even More Frenzy LILPEPE isn't just growing through utility and savvy investors—it's feeding the fire with a $770,000 giveaway hosted right on its official site. Ten lucky winners will each receive $77,000 worth of LILPEPE tokens, making it one of the most generous token launches of the year. It's no wonder LILPEPE keeps making it onto every 'top crypto' list, including IndiaTimes' roundup of July's must-watch tokens and The Crypto Basic's recent coverage of trader portfolios rotating out of large caps. Final Thoughts: Why You Don't Want to Miss This Ethereum is established. Shiba Inu and XRP are consistent. But LILPEPE is explosive. With an aggressive roadmap, real Layer 2 architecture, and a buzzing community, it's becoming the sleeper hit of the year. The best part? Stage 5 is now open, and once it sells out, the price will increase again. Buying at $0.0014 means locking in 114% before launch and potentially 7,097% growth post-launch if the forecasted $0.100 ATH becomes reality. In a cycle that rewards early movers and fearless bets, LILPEPE is that one token you'll regret not getting in early on. And with analysts calling for over 71x gains, the opportunity won't last long. Want in? Visit the LILPEPE website and join the presale before the next wave of whales floods in. For more information about Little Pepe (LILPEPE) visit the links below: Website: Whitepaper: Telegram: Twitter/X:
