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Tata Steel News
Sensex zooms 195 points on strong global cues
Mon, Dec 11, 2017
Benchmark BSE Sensex advanced by 195 points in early session today on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark.
Sebi fines Tata Steel Rs 10 lakh for delayed disclosure
Thu, Dec 07, 2017
Tata Steel currently holds nearly 75 per cent in Tinplate, a separately listed group firm, which is among the country's largest producer of tinplate and its products are used for canning and packaging of processed foods, paints, beverages, dairy and other products.
ThyssenKrupp kicks off talks with union on steel merger
Sat, Nov 25, 2017
The de-escalation came after 8,000 steel workers protested on Wednesday, the day the Essen-based company announced improved annual results and a record order book, demanding guarantees to preserve jobs and production sites for 10 years.
ThyssenKrupp lifted by record orders as shifts from steel
Fri, Nov 24, 2017
Thyssenkrupp is in the middle of a major shift under Chief Executive Heinrich Hiesinger towards technology and away from the more volatile steel industry, its traditional mainstay.
Tata Steel, Air India deal not profitable to Tata Group, says ex-Chief of Strategy Nirmalya Kumar
Thu, Oct 26, 2017
Nirmalya Kumar, former Chief of Strategy at Tata Group speaks about the current strategy of the company and what he would have done differently.
Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger
Fri, Oct 20, 2017
The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary.
Workers remain sceptical about Thyssen-Tata steel deal
Fri, Oct 13, 2017
Thyssenkrupp and Tata Steel last month announced plans for a joint venture that would create Europe`s second-largest steelmaker after ArcelorMittal. There would be an initial 4,000 job cuts that workers fear will be the tip of the iceberg.
Thyssenkrupp to raise capital ahead of Tata deal
Tue, Sep 26, 2017
The two firms agreed last week to combine their European steel operations in a move to create the continent`s second-largest steelmaker with revenues of about 15 billion euros ($18 billion).
Face of Tata group to change in next decade, Ratan Tata says
Thu, Sep 21, 2017
Hinting at consolidation and possible divestments of certain businesses which once defined the group, Tata said the conglomerate may look very different in the next decade, although the 150-year-old group will always strive to retain its culture.
Tata Steel swings to profit in first quarter, but lags estimates
Mon, Aug 07, 2017
Tata Steel Ltd returned to profit in the first quarter of this year after a loss a year ago, helped by the ramp up of its Kalinganagar plant in Indian state of Odisha.
Sensex, Nifty open in green; Tata Steel surges ahead of Q1 result
Mon, Aug 07, 2017
At 0919 hours BSE Sensex was trading at 32,380.03, up 54.62 points or 0.17% while NSE Nifty was trading at 10,082.05, up 15.65 points or 0.16%.
10 Indian CEOs who took home salaries up to Rs 60 crore in FY17
Mon, Jul 24, 2017
Zeebiz collates and lists salaries of CEO's in India after a report revealed that higher management earned up to 1200 times more than other employees.
India to overtake Japan in steel production in 2 years
Sat, Jul 15, 2017
India is currently producing 90 to 95 million ton of steel per annum against the world no.2 steel producer Japan, which produces around 103 million ton, said Dr T Venugopalan, Technical Advisor to Tata Steel Managing Director.
Tata Steel's April-June quarter output at 2.94 MT
Sun, Jul 02, 2017
Production of crude steel at Tata Steel's Jamshedpur and Kalinganagar plants rose by over 16 per cent to 2.94 million tonnes (MT) in the first quarter of the current fiscal.
These two companies stand to gain immensely if India goes ahead with steel sector bankruptcies
Mon, Jun 26, 2017
RBI said, "The Internal Advisory Committee (IAC) recommended for IBC reference all accounts with fund and non-fund based outstanding amount greater than Rs 5000 crore, with 60% or more classified as non-performing by banks as of March 31, 2016. The IAC noted that under the recommended criterion, 12 accounts totaling about 25% of the current gross NPAs of the banking system would qualify for immediate reference under IBC."
Tata Steel sells stake in Tata Motors to Tata Sons
Sat, Jun 24, 2017
Tata Steel on Friday said it has sold almost all of its stake in Tata Motors to Tata Sons for more than Rs 3,780 crore. According to a BSE filing, the steel major said that it sold 8,35,37,697 equity shares at a price of Rs 452.80 per share.
Tata Sons to buy Tata Steel stake in Tata Motors
Sat, Jun 17, 2017
Tata Sons Ltd, the holding company of India`s salt-to-software Tata conglomerate, plans to buy out Tata Steel Ltd`s stake in Tata Motors Ltd on or after June 23, it said in a regulatory filing on Saturday.
Tata pension deal raises questions for Thyssenkrupp merger
Thu, May 18, 2017
The British Steel Pension Scheme has been the major hurdle to a tie-up between Tata`s British and European steel assets with those of Thyssenkrupp. After the announcement of the pension deal Thyssenkrupp`s shares jumped 3 percent to a two-month high on Wednesday.
Tata Steel reports Rs 11.68 billion net loss in Q4 on one-off charges
Tue, May 16, 2017
Tata Steel plans to sell its British business due to heavy losses and will inject 550 million pounds into the British Steel Pension Scheme.
Tata Steel Q4 preview: Here's what to expect
Tue, May 16, 2017