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Tata Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel UK's future depends upon a solution for the14-billion-pound British Steel Pension Scheme, the liabilitiesof which it took on when it acquired Corus.
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Thyssenkrupp CEO Says New Tata Management Still Wants Steel Deal
Tata Sons this month put in place a new management team for the $100 billion steel-to-software group.
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Former Tata Steel Vice Chairman Rebuts Cyrus Mistry's Charges On Corus Buy
Amid the ongoing war of words with the Tatas since his ouster last month, Mr Mistry had claimed on Tuesday that Ratan Tata's "ego" led to "overpayment" for UK steelmaker Corus.
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Tata Steel Puts Entire British Business Up For Sale
Tata Steel, Britain's largest steelmaker, is considering the sale of its entire UK business to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain.
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Tata Steel Shares Slump on Q4 Loss of Rs 5,674 Crore
Tata Steel shares slumped nearly 5 per cent on Thursday after the company reported a consolidated loss of Rs 5,674 crore in the March quarter. India's biggest steel maker had reported a profit of Rs 1,068 crore in the corresponding quarter last year.
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Moody's Revises Upwards Tata Steel Rating
Moody's has upgraded Tata Steel's with a stable outlook on expectations that Tata Steel UK Holdings - earlier known as Corus - will have less drag on the performance of the group.
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Tata Steel's Recent Plans Credit Positive: Moody's
Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said on Monday.
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Tata Group's profitability hit amid goodwill charge
Higher goodwill impairment translates in to lower earnings per share as the non-cash provision is made against current year's income. In 2007, Tata Steel concluded the acquisition of Anglo-Dutch steelmaker Corus for $13 billion, but the company reported a goodwill impairment of Rs 8,800 for fiscal ending March 2013 as of last year's exchange rate.
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Tata Steel falls over 3% on rising debt worries
Tata Steel's consolidated net debt rose 9 per cent sequentially to Rs 70,100 crore due to capex. Higher working capital requirements in Corus pushed debt further. December quarter consolidated net debt now higher than March 2014 end forecast.
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Corus needs to look beyond Europe, US for revival: Ratan Tata
Tata Steel Europe, formerly known as Corus, needs to look beyond Europe and US and focus on emerging markets to revive its fortune, Tata group chairman emeritus Ratan Tata has said.
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Tata Steel gains after Q2 profit beats estimates
Net sales at the company, the second-largest steel producer in Europe, rose 7.4 per cent to Rs 36,370 crore. Analysts had expected a profit of Rs 367 crore on revenue of Rs 33,274 crore, according to Thomson Reuters I/B/E/S.
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Tata Steel may raise $1 billion via bond sale: report
India's biggest steelmaker, which paid $13 billion for Anglo-Dutch group Corus in 2007, could launch the bond issue by the end of this year, said the sources.
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Must conserve capital for massive expansion ahead, Cyrus Mistry tells Tata Steel investors
Cyrus Mistry on Wednesday faced some tough questions in his maiden Tata Steel AGM as company chairman with some shareholders wanting to know why dividend payout was lower even though salaries of top management rose.
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Tata Steel eyes UK firm's Indian assets: report
The British firm has run into trouble as a result of a global slowdown in the steel industry and is in rescue talks with banks after de-faulting on more than $1 billion of loans.
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Tata Steel $1.6 bn writedown sparks fund-raising worries
Shares in Tata Steel recovered from early losses on Tuesday, after the company booked a heavy impairment charge, amid concerns that the write-down could threaten the steelmaker's financing ability and trigger a rating downgrade.
-
Tata Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel UK's future depends upon a solution for the14-billion-pound British Steel Pension Scheme, the liabilitiesof which it took on when it acquired Corus.
-
Thyssenkrupp CEO Says New Tata Management Still Wants Steel Deal
Tata Sons this month put in place a new management team for the $100 billion steel-to-software group.
-
Former Tata Steel Vice Chairman Rebuts Cyrus Mistry's Charges On Corus Buy
Amid the ongoing war of words with the Tatas since his ouster last month, Mr Mistry had claimed on Tuesday that Ratan Tata's "ego" led to "overpayment" for UK steelmaker Corus.
-
Tata Steel Puts Entire British Business Up For Sale
Tata Steel, Britain's largest steelmaker, is considering the sale of its entire UK business to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain.
-
Tata Steel Shares Slump on Q4 Loss of Rs 5,674 Crore
Tata Steel shares slumped nearly 5 per cent on Thursday after the company reported a consolidated loss of Rs 5,674 crore in the March quarter. India's biggest steel maker had reported a profit of Rs 1,068 crore in the corresponding quarter last year.
-
Moody's Revises Upwards Tata Steel Rating
Moody's has upgraded Tata Steel's with a stable outlook on expectations that Tata Steel UK Holdings - earlier known as Corus - will have less drag on the performance of the group.
-
Tata Steel's Recent Plans Credit Positive: Moody's
Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said on Monday.
-
Tata Group's profitability hit amid goodwill charge
Higher goodwill impairment translates in to lower earnings per share as the non-cash provision is made against current year's income. In 2007, Tata Steel concluded the acquisition of Anglo-Dutch steelmaker Corus for $13 billion, but the company reported a goodwill impairment of Rs 8,800 for fiscal ending March 2013 as of last year's exchange rate.
-
Tata Steel falls over 3% on rising debt worries
Tata Steel's consolidated net debt rose 9 per cent sequentially to Rs 70,100 crore due to capex. Higher working capital requirements in Corus pushed debt further. December quarter consolidated net debt now higher than March 2014 end forecast.
-
Corus needs to look beyond Europe, US for revival: Ratan Tata
Tata Steel Europe, formerly known as Corus, needs to look beyond Europe and US and focus on emerging markets to revive its fortune, Tata group chairman emeritus Ratan Tata has said.
-
Tata Steel gains after Q2 profit beats estimates
Net sales at the company, the second-largest steel producer in Europe, rose 7.4 per cent to Rs 36,370 crore. Analysts had expected a profit of Rs 367 crore on revenue of Rs 33,274 crore, according to Thomson Reuters I/B/E/S.
-
Tata Steel may raise $1 billion via bond sale: report
India's biggest steelmaker, which paid $13 billion for Anglo-Dutch group Corus in 2007, could launch the bond issue by the end of this year, said the sources.
-
Must conserve capital for massive expansion ahead, Cyrus Mistry tells Tata Steel investors
Cyrus Mistry on Wednesday faced some tough questions in his maiden Tata Steel AGM as company chairman with some shareholders wanting to know why dividend payout was lower even though salaries of top management rose.
-
Tata Steel eyes UK firm's Indian assets: report
The British firm has run into trouble as a result of a global slowdown in the steel industry and is in rescue talks with banks after de-faulting on more than $1 billion of loans.
-
Tata Steel $1.6 bn writedown sparks fund-raising worries
Shares in Tata Steel recovered from early losses on Tuesday, after the company booked a heavy impairment charge, amid concerns that the write-down could threaten the steelmaker's financing ability and trigger a rating downgrade.
