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SEBI Pushes Back Retail Algo Trading Framework, Sets Phased Rollout Till April 2026

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SEBI Pushes Back Retail Algo Trading Framework, Sets Phased Rollout Till April 2026


New Delhi: The Securities and Exchange Board of India (SEBI) on Tuesday once again extended the timeline for implementing its framework on “Safer participation of retail investors in algorithmic trading.”  

The regulator said stock brokers will now get more time to comply with the new rules after many brokers and algo vendors requested additional time to make system-related changes.

The framework, which was earlier supposed to come into effect from August 1, 2025, was first postponed to October 1, 2025.

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SEBI has now introduced a phased roadmap for implementation to ensure a smooth rollout.

As per the new schedule, brokers must apply for registration of at least one retail algo strategy through an API by October 31.

They will have to complete registration of retail algo products and some strategies by November 30 and participate in at least one full-fledged mock trading session by January 3, 2026.

Brokers who fail to meet these milestones will not be allowed to onboard new retail clients for API-based algo trading from January 5, 2026.

The entire framework, along with detailed operational standards, will become effective for all brokers from April 1, 2026.

Brokers who are not ready to go live by October 1, will also have to submit information about their existing clients as of September 30, to the exchanges.

SEBI said the guidelines aim to clearly define the rights and responsibilities of investors, brokers, algo providers, vendors, and market infrastructure institutions such as exchanges, depositories, and clearing corporations.

Under the rules, all algorithmic trading strategies will need to be registered with stock exchanges and assigned a unique identification.

This mechanism will help exchanges track algo orders placed through Direct APIs. Algo providers will also have to be empanelled with the exchange before registering their products, and the process will have to be done through a trading member before an algo ID is issued.

 

 



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Ford CEO expects EV sales to be cut in half after end of tax credits

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Ford CEO expects EV sales to be cut in half after end of tax credits


Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan.

Bill Pugliano | Getty Images

DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.

Farley on Tuesday said he “wouldn’t be surprised” if sales of EVs fell from a market share of around 10% to 12% this month — which is expected to be a record — to 5% after the incentive program ends.

“I think it’s going to be a vibrant industry, but it’s going to be smaller, way smaller than we thought, especially with the policy change in the tailpipe emissions, plus the $7,500 consumer incentive going away,” he said during a Ford event about promoting skilled trades and workers in Detroit. “We’re going to find out in a month. I wouldn’t be surprised that the EV sales in the U.S. go down to 5%.”

Farley said the industry learned that “partial electrification,” such as hybrids, are easier for customers to accept for the time being.

Farley said his Model e EV team is analyzing the demand for non-gas-powered vehicles each day. The company currently offers a handful of all-electric vehicles, including the F-150 Lightning pickup, which can top $90,000, and Mustang Mach-E crossover in the U.S.

The federal EV incentives of up to $7,500 are coming to an end as part of the Trump administration’s “One Big Beautiful Bill Act,” which stripped the old enticement but included some perks for buying a U.S.-assembled vehicle, regardless of it being an EV.

“Customers are not interested in the $75,000 electric vehicle. They find them interesting. They’re fast, they’re efficient, you don’t go to the gas station, but they’re expensive,” Farley said. 

Once the bill was passed, sales of EVs quickly gained traction, especially as some automakers added even more discounts to move out older models.

Cox Automotive forecasts sales of EVs hit 410,000 during the third quarter, up 21% from a year earlier. That would easily be the highest amount of EVs ever sold in a quarter in the U.S., as well as a record 10% market share.

Cox and other industry analysts and executives expect many buyers pulled ahead plans to purchase an EV before the federal incentives sunset. 

Farley also said the federal changes mean the auto industry, including Ford, will have to adapt, saying the company will have to figure out what to do with its battery plants and EV capacity.

“We’ll fill them, but it will be more stress, because we had a four-year predictable policy,” Farley said. “Now the policy changed. … We all have to make adjustments, and it’s going to be good for the country, I believe, but it will be one more stress.”

Farley was speaking Tuesday at the automaker’s “Ford Pro Accelerate” event, which features executives from many industries as well as public officials discussing the “essential economy” and need for skilled labor and education.



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Worker left with severe burns following molten glass spill

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Worker left with severe burns following molten glass spill


A global bottle manufacturer has been fined £600,000 after a worker at its Alloa plant sustained severe burns from molten glass and hot water.

The accident took place at the O-I Glass facility in Alloa while the worker was operating a loading vehicle in February 2024.

The Health and Safety Executive (HSE) said the 32-year-old employee suffered 8 per cent burns to his body but went on to make a full recovery.

HSE said the “avoidable ordeal” need not have happened if a protective door had been fitted to the vehicle.

The site employs around 500 people and is used for smelting glass into bottles.

As part of this process, rejected molten glass is poured into skips in the basement along with hot water.

On the day of the accident, the worker was operating a shovel loader, clearing the waste molten glass and hot water from the basement floor.

The Health and Safety Executive (HSE) said the 32-year-old employee suffered 8 per cent burns to his body but went on to make a full recovery

However, there was no protective door on the cab of the vehicle, so some of the materiel spilled on the worker, who has not been named.

The company was fined £600,000 at Stirling Sheriff Court on 23 September, after admitting breaching health and safety legislation.

HSE inspector Kathy Gostick said: “This was an avoidable ordeal for a young worker. It is sheer luck he has been able to recover from his serious injuries.

“This company’s employees worked in this environment with a safety-critical part of the loader missing for a period of almost two years.

“Although the protective front door had been removed and reported to the on-site engineer, drivers had continued to work and operate the loader with it missing.

“Some operatives even described being struck or having footwear burnt by molten glass falling into the cab as a result.”

The company was fined £600,000 at Stirling Sheriff Court on 23 September, after admitting breaching health and safety legislation

The company was fined £600,000 at Stirling Sheriff Court on 23 September, after admitting breaching health and safety legislation (PA Archive)

She continued: “When work equipment is being selected, its suitability for the environment it is going to be used in must be risk assessed.

“In this case the protective door was not suitable to protect against impacts from hot and molten glass and therefore was often broken and in the end never replaced. Had an appropriate door been selected and maintained in place this accident would not have occurred.”

A spokesman for the company said: “O-I Glass Limited appeared at Stirling Sheriff Court in relation to a health and safety matter at its Alloa facility.

“The company accepted responsibility and co-operated fully and openly with the investigating authorities and the court. Legal proceedings have now concluded.

“O-I acted swiftly in implementing enhanced measures and is committed to maintaining the highest safety standards at all times across its operations.”



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Mumbais Real Estate Market Witnesses Robust 1.11 Lakh Registrations Between Jan-Sep

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Mumbais Real Estate Market Witnesses Robust 1.11 Lakh Registrations Between Jan-Sep


New Delhi: The Mumbai real estate market continued its upward trajectory this year, recording 1,11,388 property registrations between January to September — up 5.5 per cent from 1,05,607 units in the same period last year, a report said on Tuesday. 

According to the latest Inspector General of Registration (IGR) data, 2025 is setting new benchmarks in both property registrations and government revenues, underlining the sector’s resilience and growing significance in India’s economy.

The January-September registration was up 18.1 per cent from 94,307 in 2023.

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“When compared with pre-pandemic activity, the scale of growth is even more striking. Registrations in 2025 are more than double the 2019 level (50,045, up 122.6 per cent) and nearly four times the 2020 level (28,822, up 286.6 per cent), when the market was deeply impacted by the COVID-19 outbreak,” Anarock Group said in its latest report, citing IGR data.

Meanwhile, the stamp duty and registration fee collections mirrored this surge in registrations.

In the first nine months of this year, revenues touched a record Rs 10,094.22 crore, surpassing the previous high of Rs 8,876.42 crore in 2024.

This represents a 13.7 per cent increase year-on-year, and a dramatic fivefold rise of 421 per cent compared to 2020 (Rs 1,937.32 crore) during the pandemic slump, the report highlighted.

“This sustained growth is due to a combination of robust housing demand, accelerated infrastructure development, premium project launches, and stable policy frameworks. With 2025 already surpassing the Rs 10,000 crore milestone in just nine months, the year is firmly on track to become the most successful year ever for property registrations and collections,” said Anuj Puri, Chairman, Anarock Group.

The sustained performance points toward a structurally stronger real estate market, driven by both end-users and investors, setting the stage for continued expansion in the years ahead, he added.

The IGR data underscored the real estate sector’s remarkable recovery over the past few years.

In 2019–2020, Registrations and revenues dipped sharply due to the pandemic. In 2021, Market revival began with 86,072 registrations and revenues exceeding Rs 4,252 crore.

The growth continued in 2022 as the revenues crossed the Rs 6,600 crore mark, up 55 per cent from 2021. Further, between 2023–2025, the market not only stabilised but surged, breaking records.

 

 



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