Core Viewpoint - The Securities and Exchange Board of India (SEBI) has temporarily banned the US market maker Jane Street from the Indian securities market due to allegations of index manipulation, and plans to confiscate illegal profits amounting to 48.4 billion rupees (approximately 570 million USD) [1] Group 1 - SEBI's announcement was made on July 3, indicating the regulatory body's active role in monitoring market activities [1] - Jane Street has disputed the findings of the investigation, suggesting potential legal challenges ahead [1] - The confiscation of 48.4 billion rupees highlights the severity of the allegations and the regulatory response [1]