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1 month ago | 
reuters.com | Neha Arora |Manvi Pant
(JIST.NS), opens new tab said on Thursday a domestic trade body will soon seek anti-dumping duties on stainless steel imports from China and Vietnam, weeks after May 8 (Reuters) - India's Jindal Stainless India levied a 12% temporary safeguard duty on some steel imports to support local mills. The earlier tariff move was aimed at helping Indian producers who were forced to scale down operations and consider job cuts due to a surge in cheaper shipments from China, South Korea, and Japan.
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1 month ago | 
gurutrade.com | Neha Arora |Manvi Pant |Eileen Soreng |Mrigank Dhaniwala
MUMBAI, April 24 (Reuters) - India is expecting steel imports from China, South Korea and Japan to slow after imposition of temporary tariffs this week, a government source directly aware of the situation told Reuters on Thursday.
On Monday, India, the world's second-biggest producer of crude steel, imposed a 12% temporary tariff, or provisional safeguard duty, on some steel imports for 200 days.
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1 month 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.
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2 months 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.
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2 months 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.
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2 months 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.
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Mar 6, 2025 | 
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.
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Jan 31, 2025 | 
gurutrade.com | Manvi Pant |Hritam Mukherjee |Shailesh Kuber
Jan 31 (Reuters) - India's Oil and Natural Gas Corp (ONGC) reported a third-quarter profit miss on Friday, as buoyant fuel demand failed to cushion the explorer from lower crude realisations.
The state-owned firm's standalone profit fell 17% to 82.40 billion rupees ($952 million) in the October-December period, and came far below analysts' average expectation of 179.31 billion rupees.
Standalone earnings exclude profit from its joint ventures and operations outside the country.
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Jan 28, 2025 | 
mining.com | Neha Arora |Manvi Pant |Mrigank Dhaniwala
Reuters | January 28, 2025 | 8:13 am Markets Asia Zinc Hindustan Zinc, India’s biggest producer of the refined metal, will report strong revenue and profit growth in the fourth quarter and the upcoming fiscal year, supported by higher production and rising metal prices, CEO Arun Misra said.
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Jan 16, 2025 | 
theprint.in | Manvi Pant |Sethuraman N R
Analysts on average expected 180.38 billion rupees, according to data compiled by LSEG. But your support enables us to deliver impactful stories, credible interviews, insightful opinions and on-ground reportage. The conglomerate’s retail unit, its second-biggest business, reported a near 7% rise in revenue to 795.95 billion rupees, as demand soared in a quarter that coincides with India’s festive season and accounts for the bulk of retailers’ annual sales.
