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Usha Martin News
Usha Martin's managing director under ED scanner for alleged FEMA violations
Sat, Dec 15, 2018
The Enforcement Directorate (ED) has initiated a probe against the managing director of Usha Martin, the country's largest steel wire rope maker, in connection with alleged violations of the Foreign Exchange Management (FEMA) Act, official sources said on Friday.
Prashant Jhawar hails Usha Martin sale to Tata Steel
Tue, Dec 04, 2018
Prashant Jhawar, former chairman of Usha Martin, on Monday hailed Tata Steel's purchase of its steel and rope business, saying the acquisition will be beneficial to all stakeholders of the beleaguered firm.
Tata Sponge, Usha Martin will create a nucleus for long product growth: TV Narendran, Tata Steel
Fri, Nov 16, 2018
TV Narendran, MD & CEO, Tata Steel, spoke about the quarter results, growth expectations, and steel pricing among others during an exclusive interview with Zee business.
Usha Martin unit goes to Tata Steel as feuding promoters bury their hatchet temporarily
Tue, Oct 30, 2018
The faction led by Prashant Jhawar, the co-promoter and ousted chairman of Usha Martin with more than 25% shareholding, has decided to approve the deal at the upcoming meeting of the shareholders. Jhawar, however, is still critical of the current management headed by Rajeev Jhawar and may pursue the case he is currently fighting in the court.
Tata Sponge to acquire steel business of Usha Martin for up to Rs 4,700 cr
Wed, Oct 24, 2018
Tata Steel Wednesday said its subsidiary Tata Sponge Iron will acquire the steel business of Usha Martin Ltd (UML) for Rs 4,300-4,700 crore.
Govt imposes anti-dumping duty on certain steel products from China
Fri, Oct 19, 2018
India has imposed anti-dumping duties of up to USD 185.51 per tonne for five years on certain varieties of Chinese steel to guard domestic players from cheap imports from the neighboring country.
Tata Steel buying Usha Martin steel business, to pay up to Rs 4,700 crore; Details here
Sat, Sep 22, 2018
Tata Steel Saturday announced that it will acquire the steel business of Usha Martin Limited (UML) for Rs 4,300-4,700 crore.
Decision to sell steel business justified, Usha Martin shares rise by 12%
Tue, Jun 12, 2018
With this, the Usha Martin share price has now given 86.44% return in one year compared to its 52-week low of Rs 17.7 per piece in June, 26, 2017.