News: Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

28 Nov 2014
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Rs12.80 (+2.78%)
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Thu, Oct 16 2014

UK minister says Tata steel unit sale a commercial matter

LONDON, Oct 16 - The British government, responding to concerns about possible job losses, said a possible sale by Tata Steel of a loss-making division of its European operations was a commercial decision for the two companies involved.

UPDATE 3-Tata in talks to sell UK steel plants to Swiss group Klesch

* Unions opposed to sale, say they were not consulted (Adds comments from UK business secretary Vince Cable)

Indian shares edge higher; foreign investors continue to buy

MUMBAI, Aug 21 - Indian shares edged higher on Thursday, gaining for seven out of eight previous sessions, as persistent buying by foreign investors continued to bolster blue chips such as State Bank of India.

UPDATE 1-India's Tata Steel sees pickup in European steel demand

* April-June net profit slumps 70 pct on impairment charge

India's Tata Steel shuts Odisha plant due to raw material crunch

BHUBANESWAR, India, Aug 9 - India's Tata Steel Ltd has shut down one of its ferro alloys plants in the eastern Indian state of Odisha due to a raw material shortage linked to the suspension of a mining license, the company said in a statement late on Friday.

UPDATE 1-Tata Steel to cut 400 jobs in UK's South Wales

* Says steel demand, prices to stay under pressure for years

Tata Steel to cut 400 jobs in South Wales

MUMBAI, July 1 - Tata Steel said on Tuesday it will cut about 400 jobs at its Port Talbot plant in South Wales, around 10 percent of the workforce, as it looks to reduce costs to compete better in the strip products business in Britain.

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