Tata Steel wants to sell its plant in northern England to give it the "best chance of survival" as the UK industry has been struggling under a flood of cheap
Indian steel giant Tata Steel is expected to announce 1,200 job cuts at its plants in the UK next week, according to British media reports.
The firm is expected to
Tata Steel on Friday sold 1.33 per cent stake in group firm Tata Motors to institutional investors for Rs 1,250.69 crore.
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
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William D. Green
Chairman & CEO, Accenture