What Zerodha CEO Said As SEBI Bars Jane Street From Indian Markets
Zerodha co-founder and CEO Nithin Kamath on Friday praised the Securities and Exchange Board of India (SEBI) for taking strong action against US-based trading giant Jane Street, saying that India's robust regulatory framework does not allow market practices that are common in the West.
In a post on social media platform X, Mr Kamath said: "None of these practices would be allowed in India, thanks to our regulators", referring to US market structures like dark pools and payment for order flow -- mechanisms often criticised for favouring hedge funds at the expense of retail investors.
Mr Kamath's comments came in the wake of SEBI's interim order accusing Jane Street and its group entities of manipulating the Bank Nifty index using complex intra-day strategies.
The regulator found that the firm booked massive profits of over Rs 43,289 crore between January 2023 and March 2025, largely through options trades, by artificially inflating and then dragging down the index -- especially on expiry days.
Mr Kamath noted the severity of the alleged manipulation, saying: "You've got to hand it to SEBI for going after Jane Street. If the allegations are true, it's blatant market manipulation."
He added that the firm's continued actions even after alerts from the exchanges point to how accustomed some players are to the lenient oversight in other jurisdictions.
However, Mr Kamath also raised concerns about the potential downside of the action. He pointed out that proprietary trading firms like Jane Street contribute nearly 50 per cent of India's options trading volumes.
If they decide to pull back in light of SEBI's crackdown, retail participation -- which makes up about 35 per cent -- could also take a hit.
"This could be bad news for both exchanges and brokers," Mr Kamath contended.
He further remarked that the next few days would be crucial in understanding how dependent the Indian market is on large prop trading firms.
"F&O volumes might reveal just how reliant we are on these prop giants," he added.
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Indian Express
31 minutes ago
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Daily Subject-wise quiz — History, Culture, and Social Issues (Week 115) Daily subject-wise quiz — Polity and Governance (Week 117) Daily subject-wise quiz — Science and Technology (Week 117) Daily subject-wise quiz — Economy (Week 117) Daily subject-wise quiz — Environment and Geography (Week 117) Daily subject-wise quiz – International Relations (Week 116) Subscribe to our UPSC newsletter and stay updated with the news cues from the past week. Stay updated with the latest UPSC articles by joining our Telegram channel – IndianExpress UPSC Hub, and follow us on Instagram and X. Manas Srivastava is currently working as Senior Copy Editor with The Indian Express (digital) and leads a unique initiative of IE - UPSC Essentials. He majorly writes on UPSC, other competitive exams and education-related projects. In the past, Manas has represented India at the G-20 Youth Summit in Mexico. He is a former member of the Youth Council, GOI. A two-time topper/gold medallist in History (both in graduation and post-graduation) from Delhi University, he has mentored and taught UPSC aspirants for more than four years. His diverse role in The Indian Express consists of writing, editing, anchoring/ hosting, interviewing experts, and curating and simplifying news for the benefit of students. He hosts the YouTube talk show called 'Art and Culture with Devdutt Pattanaik' and a LIVE series on Instagram and YouTube called 'You Ask We Answer'.His talks on 'How to read a newspaper' focus on newspaper reading as an essential habit for students. His articles and videos aim at finding solutions to the general queries of students and hence he believes in being students' editor, preparing them not just for any exam but helping them to become informed citizens. This is where he makes his teaching profession meet journalism. He is also the editor of UPSC Essentials' monthly magazine for the aspirants. He is a recipient of the Dip Chand Memorial Award, the Lala Ram Mohan Prize and Prof. Papiya Ghosh Memorial Prize for academic excellence. He was also awarded the University's Post-Graduate Scholarship for pursuing M.A. in History where he chose to specialise in Ancient India due to his keen interest in Archaeology. He has also successfully completed a Certificate course on Women's Studies by the Women's Studies Development Centre, DU. As a part of N.S.S in the past, Manas has worked with national and international organisations and has shown keen interest and active participation in Social Service. He has led and been a part of projects involving areas such as gender sensitisation, persons with disability, helping slum dwellers, environment, adopting our heritage programme. He has also presented a case study on 'Psychological stress among students' at ICSQCC- Sri Lanka. As a compere for seminars and other events he likes to keep his orating hobby alive. His interests also lie in International Relations, Governance, Social issues, Essays and poetry. ... Read More
News18
42 minutes ago
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Robot Valet Zooms In, Lifts Car, Parks Perfectly
Last Updated: A video of Parkie, a self-driving valet robot by South Korea's HL Mando, has amazed netizens. Using lidar, radar, and optical sensors, Parkie autonomously parks cars. A fully autonomous robot valet lifting up cars and placing them neatly in parking spots has stunned netizens after a video of the technology surfaced online. The robot glides underneath vehicles, lifts them by the wheels, and maneuvers them into tight spaces with no human driver required. 'Is this real?" asked one user on X. Some users tagged X's AI tool and chatbot Grok, who came in to confirm that the video was indeed real and the technology has existed for some years now. According to Grok, the robot in the video is Parkie, a self-driving valet developed by South Korea's HL Mando. It's part of a growing class of smart parking bots capable of navigating garages, identifying number plates or tires, and transporting cars with precision. Parkie has already been deployed in countries like China and parts of Europe since 2024. Fully autonomous valet robot that parks, retrieves, and navigates tight spaces with ease. — Moments that Matter (@_fluxfeeds) July 5, 2025 Built with a Level 4 autonomous system, the robot uses a combination of lidar, radar and optical sensors to operate independently in controlled environments. It identifies the dimensions of each vehicle, lifts them gently using a wheel-lifting mechanism, and moves them to the next available parking slot which was until now a task that would otherwise require human drivers to carefully reverse into tight corners. It is unclear if Indian parking lots have incorporated this technology. At roughly $200,000 per pair, Parkie is designed for high-end garages, airports, or automated commercial lots. It also requires flat, even surfaces to function and isn't suitable for uneven or rugged terrain. Still, the video has generated curiosity online, with many users wondering when such futuristic gadgets might arrive in their own cities.
