Jane Street could do what they did because of the most fundamental flaw in the Indian stock market: a fragmented, fractured, fissured, fistula-ed liquidity stream, points out Shankar Sharma.
The report on the alleged liquor scam, a hot button issue in the run-up to the elections, claimed a loss of revenue to the tune of Rs 941.53 crore, saying timely permissions were not taken for opening the liquor vends in non-conforming municipal wards.
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
Given the stronger rural activity, and potential goods and services tax (GST) impact, investors are bullish on the two-wheeler (2W) segment. In August, dealers in the domestic market picked up 11 per cent more 2Ws year-on-year (Y-o-Y), despite only 2 per cent growth in retail registrations. This indicates inventory stocking ahead of the festival season. Export trends were good. TVS Motor and Royal Enfield may have gained domestic market share.
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
Reliance Industries (RIL) annual general meeting (AGM) had several stunning announcements. RIL looks to list Jio Platforms (JPL) by June 2026. It targets doubling of FY22 earnings before interest, taxes, depreciation and amortisation (Ebitda) (Rs 1.25 trillion; $14.6 billion) by FY27 implying 14.7 per cent compound annual growth rate (CAGR) over the FY22 levels.
As many as 2,493 graves were identified as belonging to foreign terrorists who were killed in counter-insurgency operations.
These individuals often lacked identification to conceal their networks and maintain Pakistan's plausible deniability.
Festive sales are expected to surge 27 per cent to cross Rs 120,000 crore in 2025, driving Amazon and Flipkart to expand warehousing capacity by millions of cubic feet and extend delivery networks to thousands of new pin codes -- an infrastructure buildout that could reshape India's retail landscape for years.
Hydrology experts suggest that India cannot be directly blamed for the devastating monsoon flooding in Pakistan this year, citing greater destruction upstream of the border and lack of evidence for intentional action.
Legendary sprinter and Indian Olympic Association president P T Usha's son Dr Vignesh Ujjwal got engaged to Krishna in a vibrant yet private ceremony on Saturday.
Hero MotoCorp and TVS Motor crossed Rs 1,000 crore in R&D spend for the first time, as legacy OEMs accelerate innovation to compete with new-age EV players.
A speeding car in Delhi mowed down two people, leading to the discovery of cocaine, LSD, and other drugs inside the vehicle. The driver has been arrested and was found to be under the influence.
After retiring from international hockey in 2012, Abbas kept a low profile. He took up his first coaching role as an assistant coach for penalty corners with the Malaysia national team in October 2024.
Mutual funds (MFs) - flush with cash amid record inflows in July - invested heavily in the Rs 25,000-crore qualified institutional placement (QIP) of India's largest lender State Bank of India (SBI). Fund managers acquired SBI shares worth Rs 10,200 crore last month, making the lender their biggest buy in July.
Carlos Alcaraz heads to the US Open in his now-familiar role as chief challenger to defending champion Jannik Sinner and the Spaniard will be driven this year by the twin pursuit of Grand Slam glory and the World No. 1 ranking.
Kudumbashree's new initiatives like onasadya, Onam kits and gift hampers are a huge hit.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
'Why have we failed to address the issue of ensuring a requisite buffer zone in J&K, given that cross-border links of some J&K politicians are known?', asks Lieutenant General Prakash Katoch (retd).
Aamir Khan and his family has urged the media to show empathy and not turn a private matter into 'salacious, inflammatory and hurtful gossip' after the actor's brother Faisal Khan, in an interview, alleged mistreatment by the family.
'Mohanji is a living example of Vasudhaiva Kutumbakam, showing that when we rise above boundaries and consider everyone as our own, it strengthens trust, brotherhood and equality in society.'
A pedestrian was killed and another injured after an SUV rammed into a pavement near Gyarah Murti in Delhi. The driver has been apprehended and an investigation is underway.
A devastating flashflood in the Kheer Ganga river on August 5 demolished nearly half of Dharali -- the key stopover en route to Gangotri with many hotels and homestays, and neighbouring Harsil, where an Army camp bore the brunt of the flood fury, barely giving time to the victims to run to safety.
The Supreme Court has ordered authorities not to take coercive action against owners of diesel vehicles over 10 years old and petrol vehicles older than 15 years in Delhi-NCR.
The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.
The Supreme Court has temporarily halted a High Court order that would have sent a decades-old property dispute involving the Bhopal royal estate back to trial court. The case involves descendants of Nawab Hamidullah Khan and challenges the inheritance of Sajida Sultan and her heirs, including actor Saif Ali Khan.
Former Mumbai police commissioner A N Roy expressed shock over the Bombay High Court's acquittal of all 12 accused in the 7/11 train blasts case, defending the police investigation and expressing confidence in an appeal to the Supreme Court.
Heavy rainfall across North India leads to fatalities, structural damage, travel disruptions, and school closures. Eastern states brace for more rain.
India's last three major commercial aviation accidents --Patna (2000), Mangaluru (2010), and Kozhikode (2020) -- could offer critical safety lessons for the ongoing investigation.
India fast bowler Akash Deep, who walked in as a night watchman in the third session on Day 2 of the fifth and final Test against England at The Oval, stole the spotlight on Day 3, producing and entertaining knock to register his maiden Test half-century.
India needs Goods and Services Tax (GST) Council-like common platforms between states and the Centre in areas such as land clearances, power, and water to fast-track infrastructure projects to achieve double-digit growth going ahead, said Praveer Sinha, chief executive officer and managing director of The Tata Power Company.
Jaiswal (87) became the first Indian batter dismissed between (80 to 99) at Birmingham.
Wearing special headbands in memory of Graham Thorpe, they honoured not just a legend of the game, but a man whose courage and struggles have sparked an urgent conversation around mental health in sport.
The ban is aimed at curbing the easy availability of pornographic material, particularly to minors, and ensuring that digital content remains within the bounds of decency and the law, they said.
The 107-run partnership between Jaiswal-Akash Deep was a turning point in India's second innings.
Kolkata Police stopped the trailer launch of 'The Bengal Files', a film based on the 1946 Calcutta Riots, its director Vivek Agnihotri claimed, sparking controversy and allegations of censorship.
When not harnessing Hrithik Roshan's dripping handsomeness for lady-killer purposes, Bollywood has found him quite a fit for on screen bromances as well.
Indian non-profit 'Educate Girls' wins the Ramon Magsaysay Award for its work in educating out-of-school girls in remote villages. The award recognizes selfless service to the peoples of Asia.
2000 India-South Africa series: Court says some matches fixed, attempts made to fix others
The system, featuring three centre backs and aggressive wing backs, marked a significant departure from the traditional 4-3-3 formation and appeared to address Real's defensive frailties from a disappointing, trophyless 2024-25 campaign.
Double Olympic-medallist Neeraj Chopra showed his generous and compassionate side, surprising a fan with an all-expense paid trip to watch the Neeraj Chopra Classic, to be held in Bengaluru next week.
