Tata Steel today said the stoppage of issuance of challans by the Jharkhand government has blocked the dispatch of iron ore from its Noamundi iron ore mine in the state
Tata Opportunities Fund (TOF) has invested Rs 335 crore in Tata Projects for a significant minority stake in the company, marking its first investment in the infrastructure space.
Tata Steel said 720 British jobs could become redundant in its speciality and bar business, which is being refocused on high-value markets such as aerospace.
Most of the jobs at
Fitch today reaffirmed its BB+ rating as well as 'stable' credit outlook for Tata Steel saying its highly profitable India operations are improving the company's financial position.
Tata Steel's financial
Tata Steel Ltd gains 1 percent after the company sought shareholders' approval to increase its borrowing limit to 700 billion rupees ($11.73 billion) from 500 billion rupees earlier
Steel stocks gain after positive manufacturing data in a private survey in China, the world's biggest consumer and producer of the metal.
Tata Steel gains 4
Adani Ports has agreed to acquire Dhamra Port in Odisha from Tata Steel and L&T Infrastructure Development Projects (L&T IDPL) for about Rs 5,500 crore.
"The Dhamra port acquisition now
Tata Steel today reported a Rs 1,036 crore consolidated net profit for the January-March quarter on higher sales on the back of strong performance in Europe and India.
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William D. Green
Chairman & CEO, Accenture