Tata Steel shares down 4% as co starts sale of UK biz
Shares of Tata Steel fell by almost 4 percent, a day after the company kickstarted the sale of its cash-guzzling UK arm with divestment of Long Products Europe business to investment firm Greybull Capital for a nominal amount of 1 pound.
Apr 12, 2016, 12:35 PM IST
UK government may co-invest to save Tata Steel's Welsh unit
The UK government may decide to co- invest with a steel buyer to help save thousands of jobs at Tata Steel's loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid said Monday.
Apr 11, 2016, 23:47 PM IST
'British Steel' name to come back as Tatas exit Scunthorpe
With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.
Apr 11, 2016, 23:01 PM IST
Tata Steel due to begin formal UK sale process
Tata Steel is due on Monday to begin the formal sale process for its loss-making British units which employ 15,000 people, a source close to the company said
Apr 11, 2016, 15:06 PM IST
Britain urges China to speed up on cutting steel capacity
Britain asked China on Saturday to hurry up in tackling overcapacity in its steel industry, hoping to stem the flood of cheap imports into Europe which India`s Tata Steel has blamed for its decision to pull out of the United Kingdom, putting 15,000 jobs at risk
Apr 09, 2016, 21:52 PM IST
India`s Tata Steel confirms UK fraud probe
India`s Tata Steel said Saturday that Britain`s Serious Fraud Office is investigating a lapse in procedures at its steel-making site in Yorkshire, as the group seeks to sell its UK operations
Apr 09, 2016, 18:06 PM IST
PIO businessman takes charge of Tata's Scottish plants
Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta today formally took charge of Tata Steel's loss making plants in Scotland.
Apr 09, 2016, 00:14 AM IST
PIO businessman takes charge of Tata's Scottish plants
Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta today formally took charge of Tata Steel's loss making plants in Scotland.
Apr 09, 2016, 00:14 AM IST
UK launches fraud probe into Tata Steel: Report
Britain has launched a criminal inquiry into the workings of Indian giant Tata Steel, which is seeking to sell its loss-making UK businesses, according to a media report here today.
Apr 08, 2016, 16:16 PM IST
UK's SFO initiates investigation into Tata Steel's operations: Report
UK`s Serious Fraud Office has initiated a criminal investigation into Tata Steel`s operations, the Telegraph reported on Thursday.
Apr 08, 2016, 13:12 PM IST
UK's SFO investigates Tata steel business
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Apr 08, 2016, 12:26 PM IST
We are interested in Tata's Port Talbot plant: Sanjeev Gupta
Indian-origin businessman Sanjeev Gupta on Thursday said his firm Liberty House is interested in acquiring Tata Steel's strip business in the UK, which is based at the steel major's Port Talbot plant.
Apr 07, 2016, 23:44 PM IST
Prince William, Kate Middleton to raise Tata Steel workers' woes during India tour
Prince William and wife Kate Middleton are expected to raise during their upcoming maiden India tour the plight of thousands of British steelworkers hit by the Tata Steel's decision of selling their loss-making plants in the UK, a media report said Thursday
Apr 07, 2016, 19:32 PM IST
Tata Steel sale talks: Unite demands full debrief from govt
A day after UK Business Minister Sajid Javid met Tata Group Chairman Cyrus Mistry over the future of its British steel unit, top trade union Unite Thursday demanded a "fuller debrief" on the next move of the government as well as the Indian conglomerate.
Apr 07, 2016, 17:58 PM IST
Tata Steel UK suitor Liberty House to start due diligence in around 10 days
Liberty House Group will start due diligence within a week from Monday on the loss-making UK assets that Tata Steel has put up for sale, its boss Sanjeev Gupta said, adding he was confident of turning the business around with government help.
Apr 07, 2016, 17:46 PM IST
Tata Steel UK biz sale begins Monday; Britain for job security
Tatas will launch the sale process by Monday for its cash-guzzling steel business in the UK with the British government Wednesday promising to help find a serious buyer in its bid to secure jobs of thousands of workers at plants there.
Apr 06, 2016, 22:12 PM IST
British minister Sajid Javid meets Cyrus Mistry; Tata Steel UK sale process to begin Monday
British Minister Sajid Javid on Wednesday said Tata Steel would launch sale process for UK business by Monday with the David Cameron government helping secure a serious buyer.
Apr 06, 2016, 21:06 PM IST
Tata Steel gets forest panel nod for Odisha mining project
The Centre's green panel has given clearance to Tata Steel for diversion of about 199 hectare of forest land for expansion of its iron ore mining project in Keonjhar district, Odisha.
Apr 06, 2016, 16:00 PM IST
Sanjeev Gupta meets UK biz minister Sajid Javid on Tata Steel UK buyout
Having evinced interest in acquiring certain assets of Tata Steel UK, Indian-origin businessman Sanjeev Gupta Tuesday met UK's Business Secretary Sajid Javid and said he is waiting for Tatas to start the "sales process" and promised that there will not be any major job cuts.
Apr 05, 2016, 23:19 PM IST
UK Business minister to meet Cyrus Mistry
UK business secretary Sajid Javid is set to meet Tata Steel's chairman Cyrus Mistry in relation to the group's plans to exit the UK steel industry.
Apr 05, 2016, 10:01 AM IST
