Manvi Pant

1 week ago | today.westlaw.com | Leroy Leo |Manvi Pant

(Reuters) - India's markets regulator on Tuesday barred Gensol Engineering's founders from holding key positions in the company after allegedly defaulting on debt repayment related to electric vehicle purchases for ride-hailing startup BluSmart.

3 weeks ago | gurutrade.com | Manvi Pant |Bharath Rajeswaran |Sonia Cheema

March 28 (Reuters) - Shares of India's BSE surged 18% on Friday after the country's markets regulator proposed rejigging the derivatives expiry schedule, a move that analysts said would help ease concerns over the bourse's market share loss. The Securities and Exchange Board on India (SEBI), late on Thursday, proposed limiting expiries of all equity derivatives contracts to either Tuesday or Thursday to ensure optimal spacing for expiry dates.

1 month ago | gurutrade.com | Manvi Pant |Eileen Soreng

March 21 (Reuters) - Shares of India's Manappuram Finance jumped 6% on Friday after analysts said that Bain Capital's plans to buy an 18% stake and jointly control the gold loan provider will help ease its management succession plans. U.S. private equity firm Bain Capital will subscribe to Manappuram's shares and warrants at 236 rupees apiece, at a 9% premium over the stock's closing price on Thursday of 217.5 rupees.

1 month ago | gurutrade.com | Manvi Pant |Andrew Heavens |Rachna Uppal

March 18 (Reuters) - Sri Lanka's economy grew 5% last year, official data showed on Tuesday, beating forecasts, and marking a strong rebound from the country's worst financial crisis in decades, The economy grew 5.4% in the fourth quarter, the Census and Statistics Department said in a statement. The International Monetary Fund had forecast Sri Lanka would grow by 4.5% in 2024.

1 month ago | gurutrade.com | Manvi Pant |Leroy Leo

(Reuters) - Indian steel mills are likely to see a sharp drop in prices after U.S. import tariffs come into effect and reshape global trade of the alloy, potentially redirecting a glut of supply into the South Asian country, S&P Global said in a note. The agency estimated Indian steel may see a price correction of about 3,000 rupees ($34.52) per ton.