Securities and Exchange Board of India will upgrade its surveillance to curb derivatives market manipulation. This follows action against Jane Street for alleged illegal index manipulation. Tuhin Kanta Pandey said monitoring will be strengthened at Sebi and stock exchange levels. Sebi had barred Jane Street and seized illegal gains of Rs 4,844 crore.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.