Tata Steel
The Competition Commission of India (CCI) began an investigation in 2017 after allegations that five companies colluded on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.
Probe finds bearings collusion by units of SKF, Schaeffler & Tata Steel
27 Nov 2019 1:31 AM

SKF, the world’s largest maker of ball-bearings, said in a statement it had assisted the investigation and disputed any claim of wrongdoing.

The information shared with the European Works Council select committee lays out the case for change.
Tata Steel confirms job cuts of up to 3,000 across European operations
19 Nov 2019 4:31 PM

The latest move comes a few months after Tata Steel Europe announced plans to close two UK operations with the loss of 400 jobs.

Tata Steel
Tata plans to cut jobs across European operations
19 Nov 2019 2:04 AM

SteelThe agreement is politically resonant ahead of British elections as job opportunities have become a major issue.

For the quarter ended September 30, 2018, the company had posted a consolidated net profit of Rs 3,116.20 crore.
Tata Steel shares fall about 4 pc after Q2 earnings
07 Nov 2019 12:24 PM

Consolidated income dipped 15.7 per cent to Rs 34,762.73 crore in the reporting quarter from Rs 41,257.66 crore a year-ago.

The company saw no prospects of the business returning to profitability in the coming years.
Tata Steel to shut some operations in UK, 400 jobs at stake
03 Sep 2019 10:05 AM

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.

During the quarter under review, total income of the Tata Steel BSL was at Rs 4,359.36 crore.
Tata Steel BSL reports Rs 111 crore net profit in June qtr
26 Jul 2019 9:04 AM

The total income stood at Rs 4,646.15 crore during April-June period of 2018-19.

In Europe, Tata Steel Europe produced 2.66 MT in the quarter as compared to 2.81 MT in the same period of 2018-19.
Tata Steel's Q1 consolidated steel output grows 9 pc to 7.61 MT
14 Jul 2019 8:36 PM

The company's output in the year-ago period was at 6.97 MT, Tata Steel Ltd said in a BSE filing.

The company's aim is to make European business stronger for which it will continue to explore various business options including merger, said Tata Steel Managing Director TV Narendran.
Tata Steel to continue to explore various business options in Europe: TV Narendran
15 May 2019 12:43 PM

The journey of de-leveraging and creating structurally strong enterprise continues, said TV Narendran.

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