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On April 24, Nippon Life reported its highest-ever quarterly profit after tax (PAT) at Rs 343 crore for the January-March quarter, marking a 73 percent jump from the year-ago period
Wall Street has been riveted by the trading firm's suit against two former employees and Millennium Management, after Jane Street claimed earlier this month that they stole a confidential and "immensely valuable" trading strategy. The strategy's focus on Indian options only became clear after lawyers for Millennium inadvertently identified the country in a hearing on Friday.
India Business News: The courtroom drama over an Indian options strategy that allegedly made $1 billion for Jane Street Group is drawing fresh attention to one of the worl.
India Business News: Reliance Industries (RIL), led by billionaire Mukesh Ambani, on Monday announced its quarterly earnings for the January to March period. After the release of these results, several brokerages have raised their target prices for the company's stock.
With details of the strategy remain murky and the case reveals how profits are being made by secretive high-speed trading firms that soared over the past decade, other Jane Street competitors have all been expanding in India.