London: Tata Steel is believed to be close to striking a deal with the UK government to keep its British steelworks rather than sell it off, which would secure the future of 11,000 workers, UK
Indian conglomerate Tata Steel today said that it has completed the sale of its loss making long products business to Greybull Capital. The company, however, didn’t disclose the deal amount fixed with the British-based family investment firm.
Indian conglomerate Tata Steel, which had set a deadline of Monday afternoon for final bids for its British steel operations, on Wednesday said that it has not reached a decision on shortlisting any of the seven bidders for selling its loss making op
Mumbai: The Sajjan Jindal-led JSW Steel is not going to jump the gun on its buying interest in troubled Tata Steel's British assets, saying talks are at an exploratory stage only, and it will be
Sajjan Jindal-led JSW Steel is in the fray to acquire Tata Steel's loss-making business in the UK.
New Delhi: Tata group on Wednesday said it has doubled its published patents in two years to about 7,000 at the end of 2015. At the end of calendar year 2013, the conglomerate which has
Metals major Liberty House, founded by Indian-born industrialist Sanjeev Kumar Gupta, has formally submitted its bid for acquiring most of the UK assets of Tata Steel, that has suffered nearly $3 billion in losses thus far.
Tata Steel UK's chief executive Bimlendra Jha has told a British Parliamentary Committee that the Indian conglomerate ‘cannot continue to bleed’ from its loss making steel units in the country and that the British government needs to do more to help
London: Tata Steel today announced an agreement to sell its long products Europe business to investment firm Greybull Capital for a "nominal" consideration. The long products Europe business employs 4,800 people -- 4,400 in the
a news report today claimed that Britain’s Serious Fraud Office(SFO) has launched a probe into the operations of India’s biggest steel player over allegations of fraud in the UK.
The British Government on Sunday pledged its support for steel plants facing a crisis in the country, saying it is ready to support a buyer to save the Port Talbot plant which is facing closure after the Indian giant Tata Steel decided to sell its lo
The sudden announcement by Tata Steel that it could sell its UK units has left the British government worried with speculation that Prime Minister David Cameron may take up the issue with Indian Prime Minister Narendra Modi when they meet in Washingt
London: Tata Steel’s decision to put up its entire UK business for sale has put thousands of jobs at risk and also pushed the government into a tizzy. British Prime Minister David Cameron is likely to call for an emergency meeting on Thursday
Mumbai: Tata Steel is mulling to the sale its entire UK business to stem heavy losses, a move after almost a decade-long unsuccessful foray into Britain. In a statement issued in early hours of Wednesday
London: Manufacturer Tata Steel announced 1,200 job cuts in the U.K. on Tuesday, underscoring the damage caused by cheap Chinese imports and throwing a shroud over a state visit by Chinese President Xi Jinping designed
London: UK trade unions on Friday suspended the strike action scheduled for June 22 after a new pension offer from Tata Steel UK, which keeps British Steel Pension Scheme (BSPS) open.Earlier this week, Community, Unite,
A successful entrepreneur is the one who sees the future before everyone else. Ratan Tata, is a forward- looking entrepreneur of India whose unmatchable vision and excellent business skills has made him a pioneer in
Jamshedpur:Private steel major Tata Steel achieved a milestone by becoming the first Indian steel plant to produce 10 million tonnes per annum (MTPA) of hot metal from a single location."It is a significant achievement in
New Delhi: Three Indian companies Wipro, TataSteel and Tata Power have been named among the World's Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of righteous business
New Delhi: Prime Minister Narendra Modi has recently announced minting of commemorative coins of Jamsetji Nusserwanji Tata in order to mark his 175th birth anniversary.The purpose behind extravagance is, actually, to stimulate Indian businesses for
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