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Tata Steel UK's pensions trustee warns deficit to surge
Fri, Jan 27, 2017
Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.
Tata sues ex-chief Cyrus Mistry for alleged breach of confidentiality
Wed, Dec 28, 2016
Indian salt-to-steel conglomerate Tata upped the ante in their bitter dispute with ousted former chairman Cyrus Mistry on Tuesday, saying they were suing him for breach of confidentiality.
Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity
Tue, Nov 29, 2016
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain`s largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
Mistry does U-turn on Corus, TCS as Tata veterans trash claims
Thu, Nov 24, 2016
Springing to the defence of Ratan Tata, two retired group veterans - FC Kohli and B Muthuraman - on Wednesday rubbished as "frivolous and incorrect" Cyrus Mistry's charges that the patriarch wanted to sell TCS and his ego had inflated Corus acquisition cost, leading to the ousted group chairman p
Mistry's 'frivolous' comment on Corus needs to be avoided, says former Tata Steel MD
Wed, Nov 23, 2016
The acquisition was through a transparent auction process managed by the Takeover regulator in the UK, he said.
4800 jobs saved: Tata Steel sells European operations to Greybull Capital
Wed, Jun 01, 2016
‘All together the business employs 4,800 people – 4,400 in the UK and 400 in France, Tata Steel said.
UK unveils financial support plan for Tata Steel buyer
Fri, Apr 22, 2016
Most of the financial support is expected to be through the provision of debt financing.