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Jane Street Group has achieved remarkable financial success, distributing $9.38 billion in compensation last year, a significant surge that dwarfs rivals like Goldman Sachs. The market maker’s trading revenue reached $39.6 billion, fueled by its substantial capital base and strategic investments, including a notable stake in AI startup Anthropic.

India’s power consumption surged over 4% year-on-year in April, reaching 154 billion units. Despite a record-breaking peak demand of 256.1 GW on April 25, early month rains tempered overall usage. Soaring temperatures later in the month drove electricity demand higher, with four days exceeding 250 GW, highlighting a significant increase in consumption.

A research firm urged the RBI to reject Tata Sons’ bid to surrender its financial license, calling it a tactic to avoid mandatory listing. The firm argued the application is invalid due to past RBI directives and an expired listing deadline. Without a listing, Tata Sons would escape SEBI’s oversight, leaving crucial group transactions and

Despite potential West Asia conflict-induced fiscal strain, the government is committed to prioritizing capital expenditure. Expenditure Secretary Vumlunmang Vualnam affirmed that the entire public spending allocation will be utilized, with a strong focus on highways, railways, shipping, ports, and urban development. This year’s budgeted capital expenditure stands at Rs 12.2 lakh crore.

India’s economy is robust, capable of sustaining 7.5% growth with low inflation, according to RBI Deputy Governor Poonam Gupta. She highlighted strong remittances, services exports, and FDI as key strengths. Despite West Asia conflict concerns, she anticipates migrants returning and “revenge spending” boosting remittances.

Bank credit surged in FY26, primarily fueled by services and retail sectors. Non-food credit saw a substantial Rs 29.2 lakh crore expansion, with lending to NBFCs, housing, and gold-backed loans leading the charge. Services and personal loans together formed over two-thirds of this growth, highlighting robust demand in these areas.

Foreign investors have offloaded a record $20.6 billion in Indian stocks this year, exceeding 2025’s highest-ever annual outflow. The recent West Asian conflict triggered a significant sell-off, with nearly $18.2 billion exiting since the war began. Factors like rising crude oil prices, a weakening rupee, and concerns over company growth and valuations are driving this