Jane Street deposits ₹4,800 crore in escrow accounts, requests SEBI to remove restrictions
Jane Street has further requested SEBI that, following the creation of this escrow account in compliance with SEBI directions, certain conditional restrictions imposed under the interim order be lifted and that SEBI issue appropriate directions in this regard.
'This request is currently under examination by SEBI in accordance with the directions of the interim order,' SEBI said on Monday (July 14, 2025).
'SEBI remains committed to following due process and ensuring the integrity of the securities market,' it added.
Earlier this month, SEBI had passed an interim order on the U.S.-based FPI for manipulating Bank Nifty index and banned the investment firm from Indian securities markets for manipulating index and unlawfully earnings about ₹4,800 crore
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The Hindu
35 minutes ago
- The Hindu
India Orders Fuel Switch Checks After Deadly Boeing Crash
Published : Jul 15, 2025 18:53 IST - 5 MINS READ The Government of India's action speaks much louder than its words in the preliminary report of the June 12 Air India crash in Ahmedabad, which killed over 260 persons. The Directorate General of Civil Aviation (DGCA), India's aviation regulator, has ordered the inspection of fuel switches of all Boeing aircraft in India, though the astonishingly brief crash report had no finding blaming the crash on the operation of the switches. Apart from the other issues that this move raises, flights across India are bound to be delayed because Air India has 33 wide-body Boeing 787 aircraft and about 75 single-aisle 737 aircraft. The 15-page preliminary report says: 'At this stage of investigation, there are no recommended actions to B787-8 and/or GE GEnx-1B engine operators and manufacturers.' It is not only the DGCA which has ordered the inspection of the fuel switches. South Korea, Singapore, Japan, the United Arab Emirates, and the UK have done so as well. South Korea's Ministry of Land, Infrastructure, and Transport has ordered all domestic airlines operating Boeing 787 aircraft to check the locks on the fuel control switches. In addition to this, an elaborate note put out by the Abu Dhabi-based Etihad Airways detailed which parts of the Boeing aircraft need to be closely examined. An Indian official said that this was the natural course of action to mitigate any potential or perceived risk. Also Read | Dreamliners and Boeing come under scrutiny, yet again On May 15, nearly a month before the Air India crash, the United Kingdom Civil Aviation Authority had issued a safety notice asking all airline operators in the UK to examine the fuel shut-off valve on all Boeing aircraft. It quoted the 2018 Airworthiness Directive (AD) by the US' Federal Aviation Authority (FAA), which made an advisory recommendation on the potential unsafe condition affecting the fuel shut off valve. The safety notice (number: SN-2015/005) stated: 'The Continuing Airworthiness Management Organisation for operators of Boeing B737, B757, B767, B777, B787 aircraft should immediately make themselves aware of the relevant AD and establish whether it affects any of their aircraft.' There was no particular reason attributed to this additional check required by the regulator. The DGCA directive, which has been issued to all airline operators in Indian, has stipulated a deadline of July 21 for the completion of the task, which is in line with the advisory note put out by the United States Federation Aviation Administration in 2018 (and reported earlier by Frontline). The DGCA's statement asserted: 'Strict adherence to the timeline is essential to ensure continued airworthiness and safety of operations.' This directive comes despite the fact that the Aircraft Accident Investigation Bureau (AAIB) did not issue any immediate safety compliance recommendation. It even said that the aircraft, operated as Air India's Flight 171, was airworthy and had no major defects. On July 13, Etihad Airways asked its engineers to prepare to test the dual control switch locking mechanism in the 787 fleet. The instructions in its circular are specific and relate to checking if the fuel control switches can move without a two-stage process: 'Attempt to gentle move (without applying excessive force) to Right fuel control switch on the control stand from CUTOFF to RUN without lifting the switch. If the switch cannot be moved without lifting, the locking feature is functional. No further action is required.' Further, it asks the service personnel to move the fuel switch to the run position and repeat the process. In a statement on July 15, Japan Airlines (JAL) said that it had conducted inspections on its Boeing 787 fleet. While not disclosing the exact nature of the problems it had encountered, JAL stated that any issues found during these inspections had been set right on the ground. In 2013, JAL had to ground its entire B787 fleet following a safety issue related to short-circuit involving the lithium-ion batteries on board. This was set right and the airline resumed operations with 787 aircraft in June that year. On July 15, a report in TheStraits Times stated that Singapore's national carrier, Singapore Airlines (SIA) and its budget counterpart, Scoot, have completed checks on fuel switches and found no problems. SIA has 26 B787 airplanes in its fleet; Scoot has 23. According to the report: 'In addition to the checks on the 787 planes, the Civil Aviation Authority of Singapore (CAAS) also said it was working with SIA and Scoot to inspect the fuel control switches of all active Singapore-registered Boeing 737 and 747-400F aircraft.' Also Read | Ahmedabad plane crash: Wake-up call from the skies Meanwhile, in a July 14 press release, the Montreal-based International Federation of Air Line Pilots' Association (IFALPA), which represents more than 1,00,000 pilots in nearly 100 countries, said that the preliminary report raises many questions but does not provide any answers. The release stated: 'IFALPA also notes that the Report clearly states that no safety recommendations are being provided at this stage. The Federation remains committed to supporting the efforts of the AAIB of India as they work to determine the contributing factors of this accident. 'IFALPA further appealed to the media not to speculate based on the preliminary report. A Reuters report of July 14 quoted the FAA as saying that the fuel switches were safe. Boeing, too, maintains that this mechanism is safe. This assertion puts the onus on the AAIB to examine all angles, conclude what caused the Air India crash on June 12, and release its report at an early date.
Time of India
40 minutes ago
- Time of India
CM flags razing of Upendrakishore home in B'desh, India offers help to rebuild it
Kolkata: CM Mamata Banerjee on Tuesday said she was "saddened" by reports emerging from Bangladesh that the residence of writer and painter Upendrakishore Ray Chowdhury in Bangladesh was being demolished. Upendrakishore was the father of one of Bengal's most celebrated poets, Sukumar Ray, and the grandfather of filmmaker Satyajit Ray. Taking to X, she wrote in Bengali: "Reports suggest the ancestral house of Satyajit Ray's grandfather, ren-owned writer-editor Upendrakishore Ray Chowdhury, in Mymensingh, Bangladesh, is allegedly being demolished. It is reported that the demolition work has already begun. This news is extremely saddening." "The Ray family is a significant bearer of Bengali culture. Upendrakishore was a pillar of the Bengal Renaissance. Therefore, I believe this house is intricately linked to the cultural history of Bengal. I appeal to govt of Bangladesh and all well-intentioned people of the country to preserve this heritage building. The Indian govt should pay attention to this matter," Banerjee added. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Later in the day, India called on Bangladesh to reconsider its decision and offered help to preserve the iconic building. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like All Senior Drivers Should Claim This Large Reward (Check If You Qualify) Read More Undo Describing the move as a matter of "profound regret", MEA said: "Given the building's landmark status, symbolising Bangla cultural renaissance, it would be preferable to reconsider the demolition and examine options for its repair and reconstruction as a museum of literature and a symbol of the shared culture of India and Bangladesh. Govt of India would be willing to extend cooperation for this purpose." According to media reports from Bangladesh, the home was being demolished to make way for a new semi-concrete structure. According to available records, the house was built more than a century ago by Upendrakishore, then a zamindar and entrepreneur from Masua in Kishoreganj's Katiadi upazila. Upendrakishore was the first to introduce colour printing in Bengal. He also began the first children's magazine in colour, Sandesh, in 1913. According to the local media in Bangladesh, after the Partition in 1947, the property came under govt ownership and was repurposed as Mymensingh Shishu Academy in 1989. According to Daily Star, who quoted Md Mehedi Zaman, the district children affairs officer, as saying: "The house has been left abandoned for 10 years. Shishu Academy activities have been operating from a rented space." The official added that the demolition was being carried out following procedure. When asked why such a historically significant building was being demolished, he said the building posed a risk to children who gathered at the compound. In June, Banerjee had condemned the vandalism at Rabindranath Tagore's ancestral home in Sirajganj, calling the incident a "barbaric assault on national pride and the subcontinent's cultural heritage".
Time of India
an hour ago
- Time of India
Mike Waltz Stammers When Questioned On Leaked Houthi Strikes In US Senate Hearing
Tesla Arrives In India: Smooth Ride Or Bumpy Road Ahead? Tesla is finally here. After years of negotiations and delays, Elon Musk's electric carmaker Tesla has rolled into India. The electric vehicle giant has launched its first showroom in Mumbai's Bandra-Kurla Complex. This is expected to be followed by more outlets in Delhi and elsewhere. The Mumbai showroom will help the electric carmaker gauge market potential in India, as it looks to expand its global footprint. The starting price of Tesla's Model Y is nearly Rs 60 lakh or 69,770 dollars, thanks to India's steep import duties. Will it be a smooth ride or a bumpy road ahead for Tesla in India? Can it compete with luxury cars like BMW and Mercedes-Benz? Will its prohibitive price be a challenge for Tesla? Can Tesla survive the ultimate test- the Indian roads? 22 views | 4 hours ago
