Saturday, September 26
The Securities and Exchange Board of India has barred Jane Street Group from accessing the country's securities market, Bloomberg News reported on Thursday, citing an order the regulator posted 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 der
Speaking on the much anticipated US-India FTA, Commerce and Industry Minister Piyush Goyal said Friday that New Delhi will only sign trade agreements that are mutually beneficial and will not rush into any deal under external deadlines.He further stressed that India will accept the proposed trade deal with the US only when it is fully finalised, properly concluded, and aligned with the country’s interests."India never does any trade deal based on deadline or time frame. When the deal is done properly, and is completely finalised and is in the country's interest, then we will accept it," the union minister said. Goyal stressed that negotiations with the Donald Trump administration remain ongoing. “India is in discussions with various nations for trade deals,” he noted."National intere
Mumbai: The JSW Group has firmed up a ₹9,300-crore financing package to fund the buyout of Akzo Nobel's local operations, stitching together a mix of debt, convertibles, and loan against shares at the promoter level, multiple people familiar with the tri-level fundraising initiatives told ET.The deal involves three separate tranches - an operating company-level debt of around ₹3,300 crore, a ₹3,000-crore convertible instrument at holdco, and about ₹3,000 crore loan against shares at the promoter level.The operating company debt of ₹3,300 crore is being raised through a syndicate of foreign lenders, including SMBC, MUFG, Mizuho, Barclays, JPMorgan and DBS, sources said. The loan is priced at 10% plus withholding tax, they said.Another ₹3,000 crore is being raised via a loan agai
