UK Business minister Sajid Javid to meet Tata Steel chairman Cyrus Mistry
Tata Steel announced last week it was selling its loss-making UK businesses and would close its plant at Port Talbot unless a buyer is found.
Apr 05, 2016, 05:59 AM IST
Reviewing shutdown of UK plants on priority, says Tata Steel
With its plants in Britain facing "severe cash burn", Tata Steel today said it is working on a "priority" basis to review shutdown of its facilities in the country, including UK's largest steel plant at Port Talbot
Apr 04, 2016, 19:10 PM IST
'British Steel' brand to be revived in Tata crisis
Two little-known financier brothers of a UK-based investment firm are finalising a deal to revive the 'British Steel' brand name to buy out part of Tata Steel's plants in the UK, a media report said on Monday
Apr 04, 2016, 18:23 PM IST
Sanjeev Gupta keen on acquiring Tata Steel's Port Talbot plants
UK-based Indian steel tycoon Sanjeev Gupta has come to the rescue of the troubled Tata Steel by opening discussions with owners of the steel giant to acquire its plants at Port Talbot, Britain's largest employing some 4,000 people
Apr 03, 2016, 19:04 PM IST
'UK steelworkers' pensions could be slashed under Tata plan'
Tens of thousands of steelworkers in the UK?could have their pensions slashed by up to 20 per cent under plans by Tata to wash its hands of the 15 billion pounds British Steel retirement scheme, media reported on Sunday
Apr 03, 2016, 18:20 PM IST
Tata steel closure would tear hole in UK manufacturing supply chain
The closure of Tata Steel`s operations in Britain would leave a hole in manufacturers` supply chains, dealing a blow to thousands of smaller firms across the country and creating a logistical headache for the car industry
Apr 03, 2016, 17:26 PM IST
After UK exit, Tata may combine European steel business with Thyssenkrupp: Source
Tata Steel and Germany`s Thyssenkrupp have been talking about combining their European steel operations, a person aware of the talks said on Friday
Apr 01, 2016, 21:31 PM IST
Tata Steel's decision to sell British operations credit positive: Moody's
Credit rating agency Moody`s Investors Service (Moody`s) on Friday said Tata Steel Ltd`s decision to restructure its British operations is credit positive but there is no immediate impact on its ratings.
Apr 01, 2016, 20:21 PM IST
British govt to help secure a buyer for Tata Steel's UK biz
Amid fears that 15,000 jobs may be lost, the UK today said it will appoint independent advisors once the sale of Tata Steel's UK business commences and, alongwith the Welsh government, help in securing a buyer for the country's largest steelmaker.
Apr 01, 2016, 16:00 PM IST
UK biz sale to ease pressure on Tata Steel's ops: Moody's
Tata Steel's plans to sell the UK business will help reduce pressure on the steelmaker's operating performance, Moody's Investors Service said on Friday.
Apr 01, 2016, 15:27 PM IST
UK 'doing everything it can' to help steel industry: David Cameron
British Prime Minister David Cameron today assured the nation that his government is "doing everything it can" to save thousands of jobs in the crisis-hit steel industry but warned there were "no guarantees of success" after India's steel giant Tata Steel decided to sell its loss-making UK businesses
Mar 31, 2016, 18:19 PM IST
Expert analysis on Tata Steel
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Mar 31, 2016, 12:36 PM IST
Tata''s UK steel exit raises expectations of European mergers
Tata Steel`s plan to sell its British steelmaking business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity.
Mar 31, 2016, 09:28 AM IST
David Cameron likely to hold emergency meet on Tata Steel UK biz
The latest development also comes at a time when uncertainty persists over British economy ahead of the referendum in June to decide whether Britain should stay in the European Union or not.
Mar 30, 2016, 22:45 PM IST
'Temporary nationalisation of Tata steel plants is an option'
Rattled by Indian giant Tata Steel's move to sell its loss-making business in the UK, the British government Tuesday said it was looking at "all options" including taking a temporary stake in the country's biggest steelworks at Port Talbot to save thousands of jobs.
Mar 30, 2016, 22:28 PM IST
Exiting UK ops a logical way of de-risking biz: Tata Steel
Having decided to put the entire UK operations on the block, Tata Steel Tuesday said it was "a logical way of de-risking its businesses" after the book-value turned fully negative in the last one year after being "hit by an avalanche of adversities".
Mar 30, 2016, 20:39 PM IST
Tata Steel puts UK biz on block; Govt, unions hunt for options
Tata Steel has put its entire UK business on the block, putting thousands of jobs at risk amid a deepening crisis in the country's once-storied sector that the Indian conglomerate had entered nearly a decade ago with a USD 14-billion takeover with much fanfare.
Mar 30, 2016, 18:13 PM IST
Thousands of jobs at risk as Tata Steel seeks British exit
Tata Steel is seeking to sell Britain`s biggest steelmaking business, putting thousands of jobs at risk in an industry that once dominated Britain but has been brought low by falling prices, high costs and Chinese competition.
Mar 30, 2016, 16:02 PM IST
Tata Steel plans to sell UK biz due to 'deteriorating financial performance'
Nine years after acquiring Corus to become Europe's second largest steel maker, Tata Steel has finally announced plans to sell its UK business as the company battles to control its "deteriorating financial performance".
Mar 30, 2016, 15:13 PM IST
Expert opinion on Tata motors and Tata Steel
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Mar 28, 2016, 12:16 PM IST
