Helicopter with 7 onboard crashes in India amid bad weather
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Arabian Post
5 days ago
- Arabian Post
SEBI Expands Investigation into Jane Street Trading Practices
The Securities and Exchange Board of India has escalated its investigation into the trading activities of Jane Street, a global proprietary trading firm, as part of a broader probe into alleged market manipulation. The regulatory body has now requested trading data from several Indian stock exchanges, further deepening its scrutiny of the firm's involvement in the country's financial markets. SEBI's action stems from claims that Jane Street engaged in manipulation of stock indices through derivative positions. This move follows a regulatory ban imposed on the firm in early July, which temporarily barred it from conducting any trading activities in Indian markets. The ban was issued after SEBI's preliminary findings suggested that Jane Street had used complex strategies to artificially influence the performance of key stock indices. As part of the ongoing investigation, SEBI is focusing on obtaining detailed trading records from exchanges including the Bombay Stock Exchange and the National Stock Exchange of India. The goal is to determine whether the firm's activities, particularly its use of derivatives, involved any illegal practices that could have distorted market prices or harmed retail investors. ADVERTISEMENT Industry experts suggest that the regulator's heightened interest in Jane Street reflects a broader concern about the role of large institutional traders in shaping market dynamics. Derivative positions, often leveraged and high-risk, can be used to exert significant influence on the underlying stocks, especially in a market as liquid as India's. By examining data from exchanges, SEBI aims to clarify the extent of Jane Street's trading strategies and assess whether they align with Indian securities laws. The investigation is seen as a key test of SEBI's ability to enforce its regulations on foreign firms operating in India's rapidly growing financial markets. Despite the firm's global operations, Jane Street has a significant presence in India, with its trading strategies often tied to the country's major stock indices. The firm's complex use of derivatives, particularly index futures, has drawn scrutiny from both regulators and market participants, who have raised concerns about potential market distortion. Jane Street, which is based in the United States, has yet to publicly comment on SEBI's request for trading data or the investigation itself. The firm has previously maintained that its activities are compliant with global market regulations, including those in India. However, the SEBI inquiry underscores growing concerns among global regulators about the tactics employed by large-scale traders in emerging markets. The investigation into Jane Street is part of a broader initiative by SEBI to strengthen its oversight of foreign investment in India. Over the past few years, SEBI has been increasingly focused on improving market transparency and curbing potential manipulative practices, particularly in high-frequency trading and derivative markets. While foreign firms play an essential role in providing liquidity to Indian markets, their influence has raised alarms about potential market imbalances. Market analysts point out that the use of derivatives and other sophisticated financial instruments by international trading firms has brought India into closer alignment with global financial markets. However, the rise of algorithmic and high-frequency trading has led to concerns over market stability, especially in volatile times. In response, SEBI has ramped up its efforts to ensure that such trading does not compromise the fairness or integrity of the market. In the wake of SEBI's actions, some market participants have called for more stringent regulations governing the use of derivatives in India. While derivatives are legal and widely used, their impact on the underlying markets can sometimes be opaque, especially when large institutional players use them in tandem with other strategies to influence stock movements. Calls for greater transparency and stricter enforcement mechanisms are expected to intensify as the investigation continues. The timing of SEBI's investigation is significant, as it comes at a time of heightened global scrutiny on market manipulation and the role of high-frequency traders. In the wake of high-profile cases involving market abuses in other jurisdictions, regulators are under pressure to ensure that trading practices do not undermine investor confidence or market integrity.
Gulf Today
6 days ago
- Gulf Today
Victim's brother denies pardon for Kerala nurse Nimisha Priya in Yemen, questions legitimacy of negotiations
Gulf Today Report Confusion surrounds the status of Indian nurse Nimisha Priya's death sentence in Yemen, as conflicting reports have surfaced regarding its cancellation. News agency ANI, citing reliable sources, reported on Tuesday that her death sentence has not been overturned, contradicting earlier claims made by other parties. 'Information being circulated by certain individuals regarding the Nimisha Priya case is inaccurate,' the sources told ANI. Despite recent reports hinting at a potential breakthrough in the case of Nimisha Priya, the victim's family has publicly denied any agreement or pardon. Abdul Fattah Mahdi, brother of the murdered Yemeni national Talal Mahdi, issued a strong rebuttal on Facebook, rejecting claims that he had forgiven Priya. He also raised concerns over the credibility of the ongoing negotiations surrounding the case. Mahdi argued that, under Islamic law, granting clemency in murder cases is not permissible. He also criticised the mediators involved in the talks, alleging that they failed to consult or coordinate with Talal's immediate family. Earlier, the office of Indian Grand Mufti Kanthapuram A.P. Aboobacker Musliyar issued a statement claiming that a high-level meeting in the Yemeni capital, Sanaa, had resulted in the full cancellation of the death sentence, which had previously been suspended. 'The death sentence of Nimisha Priya, which was earlier put on hold, has now been completely revoked,' the Grand Mufti's office had said. As of now, there is no official confirmation from Yemeni authorities regarding the reported decision. Priya's family, including her 13-year-old daughter Mishel and her husband Thomas, had travelled to Yemen in support of her case. They were accompanied by Indian Christian evangelist Dr. KA Paul, who has been advocating for her release. Together, they made an appeal to the Houthi authorities for leniency. In an emotional video shared by PTI, Mishel is seen expressing her love for her mother in both Malayalam and English, saying, 'I love you, mamma.' The audio, however, is not clearly audible. Last week, India's Ministry of External Affairs confirmed that it is closely monitoring the case and providing full support to Priya and her family. The ministry also stated that it is coordinating with 'friendly governments' to help resolve the matter diplomatically. Nimisha Priya had been sentenced to death in Yemen for the murder of a Yemeni national. Her case has drawn significant attention in India and abroad, with calls for diplomatic intervention and clemency on humanitarian grounds.
ARN News Center
6 days ago
- ARN News Center
India says forces killed 3 'terrorists' behind Kashmir attack
Indian forces have killed three "terrorists" involved in the April attack on tourists in Jammu and Kashmir in which 26 men were killed and led to a military conflict with Pakistan, Home Minister Amit Shah said on Tuesday. The attackers, who New Delhi said were Pakistani nationals backed by Islamabad, had opened fire in a valley popular with tourists in Kashmir's scenic, mountainous region of Pahalgam, before fleeing into the surrounding pine forests. Pakistan had denied involvement in the attack - the worst assault on civilians in India since the 2008 Mumbai attacks - and sought an independent investigation. The four-day fighting between the nuclear-armed rivals was their worst in decades.
