Mumbai: The chairperson of the Securities and Exchange Board of India (SEBI), Tuhin Kanta Pandey, has said that any form of market manipulation will not be allowed. He was speaking in Mumbai on Saturday, a day after SEBI took strict action against US-based trading firm Jane Street and three of its related companies. Stronger Watch on Illegal Trading Pandey said SEBI has increased its market surveillance to catch and stop illegal trading activities. "Market manipulation is not going to be toler...Read More
Bhubaneswar: Tata Steel Limited has announced it would challenge the demand notice amounting to Rs 1,920 crore issued by the deputy director of mines for an alleged shortfall in mineral dispatch from the company's Sukinda chromite block in Jajpur district.The company, in a formal disclosure to the stock exchange, disagreed with the demand, citing a lack of justification and substantive basis for the claims. The demand notice, received on July 3, is linked to a revised assessment of mineral dispa...Read More
Mumbai, July 5 (SocialNews.XYZ) UltraTech Cement Ltd. on Saturday denied being investigated by the antitrust regulator Competition Commission of India (CCI) for alleged contravention of competition norms. In a stock exchange filing, the Aditya Birla Group company called such media reports "false and misleading" and clarified that it is not under investigation in a case from 2020. "The company has neither received any order from the CCI in this case nor have the company's financials been sought...Read More
New Delhi: India's market regulator SEBI has frozen Rs 4,843 crore belonging to Jane Street, a big global trading firm, because it believes the company manipulated the Indian stock market to make illegal profits. SEBI's order stops Jane Street from buying or selling any more Indian stocks and blocks them from moving money out of their Indian accounts without permission. But SEBI's action might not stop here. According to reports, SEBI could dig even deeper into Jane Street's trading activity. T...Read More
Mumbai: Uddhav and Raj Thackeray, once distant cousins, are coming together to challenge the Maharashtra government's choice to implement Hindi as a compulsory language for Classes 1 to 5 according to the National Education Policy (NEP). They perceive this action as an infringement on local identity and language variety. Uddhav's Shiv Sena (UBT) and Raj's Maharashtra Navnirman Sena (MNS) are set to conduct a unified protest march on July 5, representing their first joint endeavour in twenty year...Read More
Our Bureau Mumbai: The derivatives market could take a major hit in trading volumes after the Securities and Exchange Board of India (Sebi) cracked down on Jane Street Capital, halting its operations in Mumbai and impounding more than half a billion dollars of local assets. Analysts said the regulatory action would put pressure on revenue for intermediaries dependent on derivative market activity, with volumes shrinking in response to Sebi's stiff punitive measures against one of the biggest p...Read More
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. Also Read | ...Read More
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of ₹4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be ...Read More
New Delhi, Jul 4 (PTI) Shares of stockbroking firms such as Nuvama Wealth, Angel One, leading stock exchange BSE, and depository CDSL saw sharp declines on Friday amid concerns of potential business impact following a regulatory crackdown. Markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could b...Read More
New Delhi: Ace investor and founder of retail giant DMart, Radhakishan Damani stands to benefit greatly from his calculated investment in the National Stock Exchange (NSE), which is getting closer to its much anticipated IPO. According to the latest shareholding disclosures, Damani holds a 1.58% stake in NSE, owning 3.91 crore shares. His shareholding is worth an astounding Rs 9,300 crore at the current unlisted market price of Rs 2,389 per share. The NSE holding is currently Damani's second-la...Read More
Mumbai, July 4 (SocialNews.XYZ) In one of the biggest market manipulation cases India has witnessed in recent years, US-based trading firm Jane Street is under the scanner for allegedly using sophisticated strategies to rig Indian stock indices and pocket over Rs 43,000 crore in options profits. According to the Securities and Exchange Board of India (SEBI), Jane Street and its related entities devised an elaborate intra-day trading strategy to artificially inflate and deflate the Bank Nifty in...Read More
July 4 (Reuters) - Shares of some Indian stockbrokers and exchange operator BSE (BSEL.NS), opens new tab fell on Friday after the country's markets regulator banned U.S. trading firm Jane Street from the local securities market over alleged manipulation in derivatives trading. The share of algorithmic, or algo, trading in India's equity options market jumped to 62% of premium turnover in fiscal 2025, from 21% in 2010-11, data from the National Stock Exchange showed. India is the world's largest...Read More
Mumbai: Plans are underway to connect India's first underground bullet train station at Bandra Kurla Complex (BKC) with two metro rail lines and other buildings and commercial complexes around it, said officials. There will be an underground tunnel with a travelator connecting the bullet train station to the Kotak-BKC station of the underground metro Line-3 (Cuffe Parade to Array Colony), and a foot over bridge (FOB) linking it to the IL&FS station on the under-construction Metro Line-2B (DN Nag...Read More
New Delhi: Bollywood top actress Deepika Padukone has once again proved that she is a global icon. The actress has been chosen as a recipient of prestigious Hollywood Walk of Fame star in the coming year. Deepika has pinned India on the global map as Hollywood Chamber of Commerce honours Deepika with her star on the Hollywood Walk of Fame for the class of 2026 in Motion Pictures category. Announced over a live-stream, it becomes even more special as Deepika becomes the first Indian to receive t...Read More
NEW DELHI: Hewlett Packard Enterprise (HPE) on Wednesday closed the $14-billion all-cash acquisition of Juniper Networks, following receiving a key regulatory approval in the US, to pursue artificial intelligence (AI)-driven networking business opportunities, and compete strongly with its domestic counterpart Cisco. 'The combination positions HPE to capture the growing AI and hybrid cloud market opportunity by creating an industry-leading cloud-native and AI-driven IT portfolio, including a ful...Read More
MUMBAI: Sambhv Steel Tubes listed on the stock exchanges at ₹110, about 34.1% premium to its IPO ( Initial public offering) price of ₹82 per share. The stock touched a high of ₹111 during the day, before closing at ₹97.7. The company's market capitalisation on Wednesday was at ₹2,879.82 crore at the close. The IPO consisted of a fresh issue of ₹440 crore and an offer for sale of ₹100 crore. The issue had been subscribed 28.46 times on its final day of bidding....Read More
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came ...Read More
MUMBAI: Shares of HDB Financial Services rose nearly 14% on the day of listing in the stock exchanges closing at Rs 841 against the issue price of Rs 740. At the closing price the company was valued at Rs 69,758 crore.The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding on Friday last week amid encouraging participation from institutional buyers.Speaking at the listing ceremony, HDFC Bank MD & CEO, Sashidhar Jagadishan said tha...Read More
New Delhi [India], July 2: Piccadily Agro Industries Limited, one of India's fastest-growing alco-bev companies and the proud maker of internationally celebrated spirits such as Indri Single Malt Whisky, Camikara Pure Cane Juice Rum, Whistler Whisky and Cashmir Vodka, announced that its equity shares have been listed on the National Stock Exchange of India (NSE) with effect from today, 2nd July 2025. The company will trade under the NSE symbol PICCADIL. Also Read | Elephant Death in Kerala: 5-Y...Read More
New Delhi, Jul 2 (PTI) Industrial steam and gas supplier Steamhouse India has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise between Rs 500 crore and Rs 700 crore, industry sources familiar with the development said. In a public announcement on Wednesday, Surat-based Steamhouse India said it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of...Read More
Mumbai: Billionaire Sajjan Jindal plans to take JSW Paints public through a reverse merger with the listed Akzo Nobel India after completing the acquisition of the Dulux paints manufacturer. The Jindal family will retain a controlling stake in the combined entity, which will also include private equity investors and public shareholders. The private equity funds' involvement stems from their role in financing the Rs 13,336-crore Akzo Nobel India acquisition. Once listed, Jindal will have six publ...Read More
Mumbai, July 1: The allotment for the highly anticipated HDB Financial Services IPO has been completed as of June 30, following a robust three-day subscription period. The HDFC Bank-backed non-banking financial company is now set to make its stock market debut on July 2, as per the tentative schedule. Also read: "Tesla Tumbles: Is Trump-Musk Feud Fueling the Crash?" Investors who participated in the IPO can check their allotment status through the official IPO registrar's website or on BSE's I...Read More
New Delhi, Jul 1 (PTI) Shares of Raymond Realty Ltd got listed on the stock exchanges on Tuesday post its demerger process. The stock started trading at Rs 1,005 on the BSE. During the day, it jumped 4.99 per cent to Rs 1,055.20 -- the upper circuit limit -- from the opening price. Shares of the firm ended at Rs 962.50, down 4.22 per cent. At the NSE, the stock got listed at Rs 1,000 apiece. Shares of the firm later climbed 5 per cent to hit the upper circuit limit of Rs 1,050. Stock of the re...Read More
New Delhi: Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added.The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring p...Read More
New Delhi, Jul 1 (PTI) Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added. The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft...Read More
HYDERABAD: The death toll from the massive explosion at a multi-storey chemical plant in Telangana's Medak district climbed to 35 by Tuesday morning, with several workers injured and many still unaccounted for.Rescue operations are ongoing, and officials fear the toll may rise further as teams continue to sift through the rubble in search of those possibly trapped beneath the collapsed building.The government area hospital in Patancheru, where post-mortem examinations are being conducted, confir...Read More
New Delhi: With the completion of eight years, implementing the goods and services tax (GST) -- one of the country's biggest tax reforms, India has broken all the stereotypes by showcasing a perfect balance between Centre and state administrations and coming together to make decisions and resolve issues as well. Back on July 1, 2017, the GST was rolled out with a promise that the country will bring 'one nation, one tax' by merging various indirect taxes under one umbrella. As of today, it is pa...Read More
Chennai: Apollo Hospitals Enterprise, controlled by the Prathap Reddy family, has announced a significant reorganisation where its pharmacy distribution and digital health operations will be carved out into a separate entity. This new entity, Apollo Healthtech, will seek listing on stock exchanges over the next 18 to 21 months, with current Apollo Hospitals shareholders receiving proportionate shares in the new company. The deal will create a leading omni-channel pharmacy distribution and digita...Read More
Hyderabad: International Asteroid Day (IAD) is observed on June 30 every year to raise public awareness of asteroids and the importance of defending Earth against potential threats from the asteroid belts. This day has been sanctioned by the United Nations. Asteroids are small, rocky objects that orbit the sun. Even though these rocky remnants are the leftovers from the formation of our solar system that occurred about 4.6 billion years ago, they still orbit around the sun like planets. There a...Read More
New Delhi, Jun 30 (PTI) Torrent Pharmaceuticals expects the Rs 19,500-crore deal to acquire majority stake in Mumbai-based J B Chemicals and Pharmaceuticals to complete over the next 15-18 months. As per the deal, which is the second largest in the domestic pharmaceutical space behind Sun Pharma's 2015 acquisition of Ranbaxy, Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additional...Read More