Jane Street Banned in India LIVE updates: SEBI, in its order on July 3, announced banning Jane Street, a US-based trading firm, from accessing the Indian stock market for allegedly manipulating the stock market through positions in India’s booming derivatives trade.

As per a PTI report, this could be the highest disgorgement amount ever directed by the Securities and Exchange Board of India (SEBI).

What is Jane Street?

Jane Street Group was established in 2000 as a global proprietary trading firm in the financial services industry. According to the company’s website, it has more than 3000 employees across five global offices. We trade a broad range of asset classes on more than 200 venues in 45 countries.

What did SEBI order say?

In its interim order, the regulator has debarred JSI Investments, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading, entities collectively referred to as the Jane Street Group, from trading until further notice, while continuing its investigation.

The Jane Street Group has come under Sebi’s scrutiny for allegedly manipulating index levels in the stock market to earn illegal profits, primarily through the highly liquid Bank Nifty and Nifty index options segments.

MUMBAI (Reuters) -India’s markets regulator has widened an investigation into alleged market manipulation by U.S. securities trading firm Jane Street to include other indexes and exchanges, a source familiar with the matter said.

The Securities and Exchange Board of India earlier on Friday barred Jane Street from buying and selling securities in the Indian market and also seized $567 million of its funds.

SEBI and Jane Street did not immediately respond to Reuters’ requests for comment.

The regulator has alleged that Jane Street bought large quantities of constituents in India’s Bank Nifty index in the cash and futures markets to artificially support the index in morning trade, while simultaneously building large short positions in index options.

Later in the day, Jane Street reversed the trades to profit from options positions, SEBI said in its 105-page order.

In response, Jane Street said it disputes the findings of the SEBI interim order and will further engage with the regulator. “Jane Street is committed to operating in compliance with all regulations in the regions we operate around the world,” the firm said.

The company can file its reply or any objections to the order within 21 days, SEBI said. It can also challenge the order judicially via the Securities Appellate Tribunal.

The regulator expects to take time to complete the investigation, the source said, without providing more details on the regulator’s plan to widen its investigation.

India is the world’s largest derivatives market, accounting for nearly 60% of global equity derivative trading volumes of 7.3 billion trades in April, the Futures Industry Association says.

The burst of derivative trading activity, which includes a host of retail investors, has prompted the regulator to limit the number of contract expiries and increase the size of trading lots to make the derivatives more costly to trade.

But the source said that while retail participation in index options trading on expiry day has moderated, there appears to be still too much concentration in short-term expiries and short-term trading.

“Extending maturities and nudging more long-term trading, hedging, and investments would be ideal for our ecosystem,” the person said, referring to India’s capital markets.

(Reporting by Jayshree P. Upadhyay in Mumbai and Nandan Mandayan in Bengaluru, Editing by Louise Heavens and Jane Merriman)

India has notified the World Trade Organisation (WTO) of its plan to impose retaliatory tariffs on selected U.S. products in response to safeguard duties levied by Washington on Indian automobile parts and vehicles. The proposed measures, circulated by the WTO on Friday (July 4, 2025), are aimed at countering a 25% tariff hike by the United States, which India claims violates global trade norms.

According to India’s formal communication to the WTO’s Council for Trade in Goods, the retaliatory duties would match the estimated $723.75 million collected annually by the U.S. on imports of Indian automobile components and light vehicles affected by the safeguard measures.

U.S. Auto Tariffs Draw Flak

The U.S. had on March 26 adopted a safeguard measure in the form of a 25% ad valorem tariff on imports of passenger vehicles, light trucks, and certain auto parts from India. These measures came into effect on May 3, 2025, and are set to continue indefinitely. However, India has pointed out that Washington has not officially notified the WTO of these actions, even though they function as safeguard measures.

India argues that the tariffs breach the WTO’s General Agreement on Tariffs and Trade (GATT) 1994 and the Agreement on Safeguards. With no progress in consultations, India has exercised its right to suspend equivalent concessions under WTO norms.

$2.89 Billion in Indian Exports Affected

As per the WTO filing, the U.S. safeguard tariffs affect an estimated $2.89 billion worth of Indian exports annually. The Indian government is now seeking to recover an equivalent amount through reciprocal duties on selected American products.

“The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on selected products originating in the United States,” the WTO notification stated.

Second Trade Clash in Recent Weeks

This is the second such action by India in recent weeks. Last month, New Delhi announced similar retaliatory plans in response to U.S. tariffs on Indian steel and aluminium. The moves come even as both countries are engaged in negotiations for an interim trade deal aimed at enhancing bilateral trade relations.

Trade experts say the tit-for-tat moves may complicate talks between the world’s two largest democracies. However, India has made it clear that any violation of WTO rules, particularly when consultations are denied, will be met with a firm response.

Union Minister for Communications Jyotiraditya Scindia highlighted that India Post has evolved far beyond traditional mail delivery and now operates the country’s largest logistics network, with over 1.64 lakh service points across the country. In a podcast with Akashvani News, he informed that the organisation has appointed its first-ever Chief Technology Officer, and postmen are now equipped with handheld devices, enabling real-time digital tracking of every transaction. The Minister added that the department will soon launch DigiPIN, a geo-coded address system that will enable pinpoint delivery of couriers, even in the most remote regions of the country.

Describing India Post as the “window to the world” for the common man, Mr. Scindia said that in the last 10 months, the department has established around 1,000 postal export centres to support and empower small businesses and entrepreneurs.

The podcast will be released this evening on Akashvani’s official YouTube channel NEWSONAIROFFICIAL.

WhaThe return of Rohit Sharma and Virat Kohli in India colours might get delayed as the Board of Control for Cricket in India (BCCI) was reportedly instructed by the government to not go ahead with their white-ball tour of Bangladesh next month amidst rising diplomatic tensions between the two countries.

India were slated to play three ODIs and three T20Is against Bangladesh, starting from August 17. If India do not travel to Bangladesh, it could be a big blow to the Men in Blue in the lead up to the 2026 T20 World Cup. India have not played a single T20I since the England series at home in January-February.

Both Virat and Rohit have already retired from Tests and T20Is. A postponement of the India vs Bangladesh series further extends Rohit-Virat’s return to the cricket field. However, there has been no official intimation from the BCCI regarding the Bangladesh tour.

According to an India Today report, the Indian government’s decision to not allow BCCI comes from the current political condition in Bangladesh. “The political situation in Bangladesh is not stable, and in light of the diplomatic standoff, the Indian government has advised the BCCI not to go ahead with this tour,” the source said.

What is happening between India and Bangladesh?

Both the countries are facing trade-related tensions at the moment after the Indian government imposed a major import route restrictions on goods, which includes ready-made garments and processed food items from Bangladesh.

The Directorate General of Foreign Trade (DGFT) has also issued a notification that no ready-made garment products can enter India via northeast-based integrated check posts (ICPs). It came after Bangladesh imposed a similar restriction in April.

When will Rohit Sharma, Virat Kohli return?

According to the Future Tours Programme (FTP), India are set to travel to Australia in October-November for three ODIs and five T20Is. Post that, India will host South Africa in November-December for two Tests, three ODIs and five T20Is. If the Bangladesh tour is called off, Rohit and Virat will return in India colours in Australia.

During her 15 years in power, Sheikh Hasina had gradually built a close relationship between Bangladesh and India. Under Hasina, the country’s economy grew faster, and ties with India became stronger in trade, energy, and defense. But since her exit, Bangladesh now seems to be moving closer to China. Earlier, many experts had believed that her departure could shake up the region’s politics and possibly change the balance of power in South Asia. And this is quite visible with Bangladesh’s growing closeness with China.

A key moment of this renewed relationship was seen during the recent visit of Bangladesh’s Chief Adviser Muhammad Yunus to Beijing. The visit marked 50 years of diplomatic relations between the two countries. Since they officially established ties in 1975, China has played a major role in Bangladesh’s development and is now its biggest partner in both trade and defense.

Hasina, Bangladesh’s longest-serving prime minister, was seen as a reliable and secular leader in a Muslim-majority country of 170 million people. She cracked down on anti-India insurgent groups, took strong action against rising Islamic extremism, and kept the military in check in a country known for past army takeovers. These moves made her a valuable partner for India, especially as tensions rose with China and long-time rival Pakistan. Her departure has now created uncertainty, as the next government seems to be more open to working with China, a move that could challenge India’s influence in the region.

Hasina also helped India maintain stability in a region where other South Asian countries, like Nepal and the Maldives, have over a period of time, leaned closer to China. China’s influence remains strong in Sri Lanka too.

Bangladesh is growing closer to China and India isn’t happy

Analysts at the global consultancy firm Teneo had told Reuters last year that China could become a major source of financial support for Bangladesh, especially as the country was facing growing economic problems. They also said that if Sheikh Hasina left office, Bangladesh might move closer to China.

That prediction now seems to be coming true. After Hasina’s exit, Bangladesh has begun leaning more towards China, attracted by the promise of more trade, investment, and cheaper weapons. But this shift is causing problems in its relationship not just with India, but also with the United States. America is the biggest buyer of Bangladeshi goods and was one of its top aid donors until the Trump-era cuts.

India is also evidently unhappy because its relationship with Bangladesh had been improving until mid-2024, but things then started to go downhill. In recent months, India has cancelled a trans-shipment deal that had been helping Bangladeshi companies, and it has also deported Bangladeshi migrants. Now, India is looking to renegotiate a key treaty on sharing river water between the two countries.

China-Pak-Bangladesh: A trilateral force taking shape

Bangladesh, Pakistan and China had recently met in Kunming to discuss forming a new regional group that would replace SAARC – South Asian Association for Regional Cooperation. Although Bangladeshi officials insist it wasn’t a political move, the timing and participants suggest otherwise. The meeting closely followed a separate China-Pakistan-Afghanistan discussion in May, where they talked about expanding the China-Pakistan Economic Corridor. Analysts worry that this new bloc could become a South Asian arm of China’s Belt and Road Initiative.

India was clearly sidelined. While the new group may formally invite Delhi, reports suggest India is unlikely to join due to clashing interests. SAARC has remained inactive since 2016, when India and others boycotted a summit in Pakistan after the Uri terror attack. Now, as Pakistan and China push a new regional plan with Bangladesh’s support, India risks losing influence in its own neighborhood.

Last Updated:July 04, 2025, 10:14 IST

AutoNxt’s game-changing electric tractor marks a new chapter for farmers, industries, and the planet.

AutoNxt, a tech-driven company leading the electric mobility space, has officially launched India’s first indigenously built electric tractor.

The vehicle was formally registered today at the Thane RTO, making history as the first of its kind in the country.

Maharashtra’s Transport Minister, Shri Pratap Sarnaik, called the electric tractor a “boon” for the agriculture and industrial sectors. He noted it could spark a significant green shift nationwide. The tractor was originally unveiled by former CM Shri Eknath Shinde last year and has already drawn attention from across India.

Performance

AutoNxt’s electric tractor has been successfully tested across multiple Indian states. It has delivered excellent results in local government projects, cow shelters, biomass plants, dairy farms, and sugar factories. Known for its fuel efficiency and low maintenance, the tractor is also a cleaner, quieter alternative to traditional diesel models.

The Diesel Alternative Farmers Needed

With no electric alternative available until now, farmers and institutions had little choice but to rely on diesel tractors. AutoNxt’s innovation is expected to change that rapidly. It promises reduced fuel expenses, lower servicing costs, and less pollution—benefiting both pockets and the planet.

Here’s What The Leaders Say

Kaustubh Dhonde, Founder & CEO of AutoNxt, said, “This moment marks the beginning of a transformative shift in agricultural technology. Our indigenously developed electric tractor is a testament to India’s engineering capabilities and our commitment to sustainable solutions. In addition to this Mr. Pankaj Goyal, Co-founder and COO, AutoNXT said “It’s not just a product—it’s a movement toward a cleaner, more cost-effective, and future-ready India.”

Electric vehicles are being widely recognised as a solution to reduce fossil fuel dependence and greenhouse gas emissions. Both central and state governments are actively encouraging EV adoption, including through policies like the Maharashtra Electric Vehicle Policy 2025, which aims for 20% EV registrations by 2025.

Samreen Pall

Samreen Pall, Senior Sub-Editor at News18, is a Computer Science graduate but a writer at heart, Samreen has one motto that she swears by: ‘Everything is dull and useless if it has no drama in it.’ This motto c…Read More

Samreen Pall, Senior Sub-Editor at News18, is a Computer Science graduate but a writer at heart, Samreen has one motto that she swears by: ‘Everything is dull and useless if it has no drama in it.’ This motto c… Read More

First Published:

We launched Mission Life: Lifestyle for environment to address climate change and promote sustainable living. This inclusive spirit powers our global initiatives like ‘One world, one sun, one grid’ and ‘One world, one health’ for healthier planet, International Solar Alliance to encourage solar energy and sustainability, ‘International Big Cat Alliance’ to protect wildlife and the ‘Global Biofuel Alliance; to advance clean biofuels and cut carbon emissions. I am glad that Ghana, as a founding member, will host the African regional meeting for the International Solar Alliance, this September,” he says.

“This demonstrates our shared belief that the world is one family. Over the past decade, India has seen a major transformation. The people of India have reposed their faith in peace, security and development,” he says.

“Last year, they re-elected the same government for the third consecutive time, something that happened after more than six decades. Today, India is the fastest growing, emerging economy on the foundations of stable polity and good governance, India will soon be the third largest economy. We already contribute nearly 16% to global growth. Our demography is paying its dividend,” he says.

The Securities and Exchange Board of India has barred Jane Street Group from accessing the nation’s securities market, the regulator said in an order on its website.

SEBI said that Jane Street Group entities “are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly.”

Banks have been directed to ensure no debits are made without SEBI’s permission in respect of the accounts held individually or jointly by the entities, according to the order.

SEBI has been investigating Jane Street’s derivatives trades after some market participants alleged manipulation by the US firm. Jane Street generated more than $2.3 billion in net revenue from equity derivatives last year in India.