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Tata Steel says estimated employee reduction of up to 3,000 to include up to 1,600 in Netherlands, 1,000 in UK
Tata Steel Plans To Cut Around 3,000 Jobs In Europe
India's Tata Steel Sept Quarter Consol Profit Rises
TATA Steel Limited is a diversified steel producer. The Company is engaged in the business of steel making, including raw material and finishing operations. The Company's segments are Steel and Others. Its operations predominantly relate to manufacture of steel. The Others business segment comprises tubes, bearings, refractories, pigments, port operations and town services. Its products include flat products, including hot rolled, cold rolled, metallic coated, direct rolled, tubes, pre-finished steels, packaging steels, electro plated steels, electrical steels and narrow strip; construction products, including structural steel, floors, walls, roofs, modular and building components; agricultural implements, and bearings. It offers auto assembly components, ball bearings, tapered roller bearings, magneto bearings, clutch release assemblies, fan support assemblies and cylindrical roller bearings. Its brands include Tata Structura, TISCON, Tata Shaktee, Tata Astrum and Tata Steelium.
Iron & Steel
Central Admin. Office
Non-Executive Chairman of the Board
Thachat Viswanath Narendran
Chief Executive Officer, Managing Director, Executive Director
Ratan Naval Tata
Chief Financial Officer, Executive Director
Compliance Officer, Company Secretary
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Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
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Return on Investment (TTM)
Return on Equity (TTM)
India's Tata Steel Ltd <TISC.NS> said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs.
Britain's Network Rail said on Sunday it has made an indicative offer for some "railway critical" assets of British Steel, the country's second-largest steel producer which went into liquidation last month.
India's Tata Steel Ltd said on Friday it will explore all options for its European steel business after its proposed joint venture with German steel giant ThyssenKrupp AG failed to secure regulatory approval.
Tata Steel Ltd's Europe unit said on Friday a fire broke out at its Port Talbot site in South Wales but there were no major injuries and fire was now under control.
Indian shares surged in late trade on Friday on the back of gains in private banks and metal stocks, with ICICI Bank Ltd climbing to a record closing high.
Steel workers at Thyssenkrupp expect substantial guarantees for jobs and plants even if a planned joint venture with India's Tata Steel falls apart, the head of Thyssenkrupp Steel Europe's works council said on Wednesday.
An Indian appeals tribunal has ruled against Tata Steel Ltd's effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd's offer to buy the indebted steel maker.
India's Tata Steel Ltd <TISC.NS>, one of the flagship companies of the salt-to-software behemoth, said on Tuesday lower production in Europe will impact its financial results, ahead of a planned merger with Germany's Thyssenkrupp <TKAG.DE>.
India's Tata Steel Ltd and German major Thyssenkrupp on Monday, named the team who will lead the management board that will run the proposed European steel joint venture between the two companies.
Thyssenkrupp <TKAG.DE> needs to quickly settle who will lead a planned European joint venture with Tata Steel <TISC.NS>, a labor leader said on Wednesday.
* Total rev from ops up 34.1 pct (Adds details of results, CEO comments)
Tata Steel Ltd said on Wednesday it will continue talks with the European Commission after the body raised concerns over its planned steel joint venture with Thyssenkrupp.
AirAsia India is close to appointing an executive from Tata Steel Ltd to head the troubled low-cost carrier as its local partner, Tata Sons, moves to take greater control of the company, two sources aware of the matter told Reuters on Wednesday.
Tata Steel Ltd's quarterly net profit more than doubled, but still came in well below market expectations, hurt by rising expenses and a one-off charge.
Indian steelmaker Tata Steel Ltd said on Monday quarterly net profit more than doubled, but it was well below market expectations as a result of a one-off charge.
Shares in Thyssenkrupp jumped in pre-market trade on Friday after Chief Executive Heinrich Hiesinger offered to step down less than a week after sealing a landmark joint venture deal with India's Tata Steel.
Thyssenkrupp <TKAG.DE> boss Heinrich Hiesinger has asked to step down less than a week after sealing a landmark joint venture deal with India's Tata Steel <TISC.NS>, bowing to growing investor pressure for a more radical restructuring of the group.
The labor boss of Thyssenkrupp's <TKAG.DE> steel business on Thursday said he will seek to renegotiate with management planned cuts of around 4,000 jobs agreed under the Tata Steel <TISC.NS> joint venture deal.
Top managers at Thyssenkrupp <TKAG.DE> and Tata Steel <TISC.NS> have reached out to the European Commission to seek approval for a landmark joint venture deal, with legal experts and analysts saying they might have to sell assets to get it.
The union representing workers at Tata Steel's European operations on Wednesday endorsed the company's joint venture with Germany's Thyssenkrupp following agreements on jobs, investment and production.
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