India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has taken one of its strongest enforcement actions yet by impounding ₹4,843 crore in alleged unlawful gains from Jane Street, the U.S.-based quantitative trading giant. This dramatic move has sent ripples across India’s derivatives markets and raised concerns about the integrity of index trading strategies. 📌 What Happened? According to SEBI’s 111-page order, Jane Street India Trading Pvt Ltd and related entities engaged
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India’s leading lenders and NBFCs have announced their Q1 business updates, providing crucial insights into how growth, margins, and deposit mobilization are shaping up in FY26. Let’s take a detailed look at what analysts are saying about Bandhan Bank, Bank of Baroda, AU Small Finance Bank, and Bajaj Finance after their latest numbers. 🏦 Bandhan Bank: CASA Under Pressure, Growth Slows Key Highlights: CASA ratio fell sharply to 27.06% vs. 33.4% YoY and 31.4% QoQ.
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The decline was driven mainly by disappointing growth guidance provided by the company’s management during its Annual General Meeting (AGM). Here are the key reasons in detail: 1️⃣ Underwhelming Growth Guidance In the AGM, Trent disclosed that its standalone sales for the April–June quarter (Q1 FY26) grew 20% year-on-year. While 20% growth sounds healthy, it is much slower compared to the company’s historical growth trajectory: Between FY2020 and FY2025, Trent achieved an impressive 35% compound
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03July
Foxconn Recalls Hundreds of Chinese Workers from India, Clouding Apple’s Manufacturing Ambitions
In a move that could dent Apple’s aggressive manufacturing plans in India, Foxconn Technology Group — the Chinese company assembling iPhones — has recalled hundreds of its Chinese engineers and technicians from its Indian factories. According to a Bloomberg report citing unnamed sources, more than 300 Chinese employees have already returned home, leaving mostly Taiwanese support staff on the ground. The recall, which began around two months ago, has not been officially explained by Foxconn,
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The Reserve Bank of India (RBI) has announced that banks and lenders will no longer be allowed to charge pre-payment penalties on floating-rate loans. The new guidelines will take effect from January 1, 2026, covering all loans and credit facilities sanctioned or renewed on or after this date. According to the RBI, this move is designed to make finance more affordable for Micro and Small Enterprises (MSEs) and protect individual borrowers from unfair lending practices.
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