SEBI has banned the firm from India’s securities markets. The drama has thrown a bright light on Jane Street, a company of legendary opacity even in an industry that prioritises secrecy. And it could carry political and regulatory consequences, not just for Jane Street, but for an entire, ascendant industry of marketmakers.

India’s fear gauge has slid to its lowest in nearly a year, signaling that concerns over a regulatory probe into Jane Street’s trades and delays in a US trade deal are unlikely to hurt broader equity market sentiment.

As the world waits for answers on the fatal Air India crash, accident investigators have narrowed their focus on the engine fuel control switches.

A preliminary report into the deadly crash of an Air India jetliner in June is expected to be released by Friday, three sources with knowledge of the matter said, with one adding the probe had narrowed its focus to the movement of the plane's fuel control switches.

President Donald Trump’s threat to impose new tariffs on India over its participation in the BRICS forum puts New Delhi in a tough position as it races to finalize a favorable trade deal with the US.