India Prop Traders’ Derivatives Profits Fall to $4.7 Billion
Proprietary trading firms, including those owned by global companies, saw their gross profit from equity derivatives decline to 445 billion rupees ($4.65 billion) for the year ended in March, as speculative fervor cooled following curbs imposed by the market regulator.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.