Hedge Fund Jane Street’s lawsuit against rival Millenium Management regarding a secret trading strategy involves trading in the Indian derivatives market, per FT & Bloomberg. Jane Street had sued Millenium Management and 2 former employees, Douglas Schadewald and Daniel Spottiswood earlier in April, for allegedly stealing a “highly valuable, unique, and proprietary” trading strategy, FT reported.
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Tesla chief Elon Musk on Saturday said the electric-vehicle (EV) maker may make Full Self-Driving (FSD) available to customers in China very soon. Musk said "It may be possible very soon" while replying to an X post by a user asking when the EV maker would launch FSD in China. The Musk-led EV maker rolled out FSD four years ago but has yet to make it available in China.
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As global macro worries continue to haunt foreign investors, FPIs have turned net sellers not just in the Indian equity market but also in the debt market for the first time since March last year. A major trend in FPI activity this month is that FPIs have turned sellers into debt after sustained buying for several months. In April through 20th, FPIs sold debt worth Rs 12,885 crore.
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