User: manuj Topic: Companies
Category: Tata Steel
Last updated: Aug 13 2018 19:55 IST RSS 2.0
 
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Sensex dives 224 points as Turkish crisis frightens investors 13.8.2018 Rediff: Business
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
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Sensex ends almost flat, Nifty falls below 11,400 7.8.2018 Rediff: Business
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
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Sensex falls over 100 points to snap six-day record run 31.7.2018 DNA: Recent Columns
Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions. Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment. Overall market mood was cautious as investors were on a wait-and-watch mode ahead of RBI policy outcome, scheduled tomorrow, and profit-booking at record level, brokers said. The 30-share Sensex, after rising to 37,534.95 points in early trade, turned negative and retreated from record high by losing 113.55, or 0.30 per cent, to 37,381.05. The gauge had gained 998.03 points in the previous six sessions. The broader Nifty also slipped from record high by falling 35.40 points, or 0.31 per cent, to 11,284.15. Major losers were HDFC, Vedanta, Tata Steel, ICICI Bank, ITC, Tata Motors, Wipro, Kotak Bank, TCS, HDFC Bank, Infosys, SBI and Coal India, falling up to 1.14 per cent. Sectoral indices led by metal, teck, IT, infrastructure, FMCG, ...
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RIL, NTPC among firms spending more on corporate social responsibility 26.7.2018 DNA: Recent Columns
To encourage companies to spend money on social welfare activities, the government is considering the institution of an award to reward firms with good compliance record. The Ministry of Corporate Affairs (MCA) has drawn up a list of top CSR spenders. "The social welfare work done by the big companies during the past four years will be evaluated. The idea is to encourage companies to spend," said an official, adding that the appreciation award would be given on annual basis. The government is considering having mainly three categories for the award - highest spender, best project in various project categories and creation of assets of national importance. The CSR awards, which are likely to be announced in a month, would be given away by the Prime Minister or the finance minister, sources said. The companies which spent over and above the prescribed 2% limit during FY16 included Reliance Industries, NTPC, Tata Steel, Maruti Suzuki, Tata Motors, TVS Motor, IBM, Wipro, Tech Mahindra, Ambuja Cement and L&T. ...
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St on fresh high on earnings optimism 25.7.2018 DNA: Urban Tales
The equity benchmark indices continued with their North-bound run on Tuesday and closed at life-time high levels as investor sentiment was boosted on robust earnings first quarter growth. Sensex continued with its record run for the second day and ended at 36825.10 soaring 106.50 points or 0.29%. The 30-share barometer also scaled a new record trading high of 36902.06 points in day trade. It had hit its previous record intra-day high of 36749.69 on Monday. The broader Nifty also settled at a fresh record high of 11134.30 rising 49.55 points, or 0.45%. The 50-share index surpassed its previous record closing of 11130.40 hit on January 29. Among Sensex pack, Larsen and Toubro, Asian Paints, Vedanta, Adani Ports and Tata Steel surged as much as 3.36%, contributing most to the index. 32 out of 50 stocks advanced in Nifty.  However, Hero Motor Corp, Kotak Mahindra Bank, Bajaj-Auto, Hindustan Unilever and Wipro were the biggest laggard on Sensex falling as much as 1.97%. The BSE Midcap (1.77%) and Smallcap ...
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Sensex, Nifty scale new peaks on earnings optimism 24.7.2018 Rediff: Business
Major gainers include L & T, Asian Paints, Vedanta, Tata Steel, Coal India, Infosys, M & M, Adani Ports, Maruti Suzuki, Axis Bank, HDFC, Power Grid, ONGC, Tata Motors, Sun Pharma, ITC, IndusInd Bank, HDFC Bank and SBI
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Kolkata Police, MedicaSuperspecialty Hospital, EIHF Collaborate: KARMA, a saviour for RTA Victims in Kolkata 24.7.2018 Sify Finance
[West Bengal], July 24 (Businesswire-India): The Honorable Supreme Court of India had made an observation in 2016 by stating, "For a nation on the cusp of economic development, India can well avoid
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Sensex retreats from fresh record high to trade in red 18.7.2018 Sify Finance
After touching a fresh all-time high of 36,747.87 points, the benchmark BSE Sensex retreated and traded on a negative note during the afternoon session on Wednesday.
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WPI numbers topples Sensex off 200 points; Nifty off from 11000 mark 16.7.2018 Sify Finance
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Asian cues, inflation subdue equity indices; Nifty50 ends below 11,000 16.7.2018 Sify Finance
Weak Asian cues and rise in wholesale inflation subdued the key Indian equity indices on Monday, with the wider Nifty50 closing below the 11,000-mark.
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Equity indices trade lower on weak Asian cues 16.7.2018 Sify Finance
The key Indian equity indices traded in the negative territory on Monday afternoon tracking weak Asian markets.
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Tata Steel wants to make ThyssenKrupp joint venture sustainable first, says T V Narendran 16.7.2018 DNA: Money
Tata Steel has been in the midst consolidating its businesses across continents. T V Narendran, global CEO and managing director of the steel major, tells Praveena Sharma that after clinching the bankrupt Bhushan Steel acquisition under the Insolvency and Bankruptcy Code (IBC) and inking a pact with ThyssenKrupp in Europe, the company is all set to gain from the revival in steel demand. Tata Steel's deal with ThyssenKrupp makes it the second-largest steel producer in Europe after ArcelorMittal. What are your plans to expand capacity in that market to overtake your bigger rival? This is not the ambition. At 22 million tonne per annum (mtpa), we have good enough steel for the (European) market, which is not growing so much. The European market is growing at 1-1.5% a year. We just want to have significant relevant size. As of now, the intention is to make the (ThyssenKrupp-Tata Steel) joint venture (JV) work, and make it profitable and sustainable. This market is not a growth market where you build ...
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Sensex hits all time high, leaps 300 points; Nifty cracks 11000 with a 100 point gain 12.7.2018 Sify Finance
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Equity indices rise on firm global cues; banking, auto stocks lead 10.7.2018 Sify Finance
The key Indian equity indices traded in the green on Tuesday afternoon supported the broadly positive global markets.
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Cyrus Mistry 'disappointed, not surprised' by NCLT ruling 9.7.2018 Sify Finance
[India], July 9 (ANI): Former Tata Group chairman Cyrus Mistry in a statement said he was "disappointed" but not surprised by the National Company Law Tribunal's (NCLT) dismissal of his petition.
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Tata Steel subsidiary TCIL evaluating growth plans 3.7.2018 Sify Finance
Tata Steel subsidiary, The Tinplate Company of India Ltd (TCIL), is evaluating its growth plan and will take another 6-12 months to finalise it, an company official said Tuesday.
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Tata Metaliks in process of finalising its growth strategy 3.7.2018 Sify Finance
Leading producer of pig iron (PI) and ductile iron (DI) pipes, Tata Metaliks is in the process of finalising its growth strategy and is looking at both organic and inorganic options, an official said here in Monday.
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Will continue to evaluate, pursue growth opportunities in India, says Tata Steel 1.7.2018 DNA: Wide Angle
Terming the takeover of Bhushan Steel as "strategic investment", Tata Steel has said it will continue to pursue growth opportunities in India through both the organic and inorganic routes in future. "The acquisition of Bhushan Steel is a strategic investment which has the potential to enhance Tata Steel's product portfolio and market competitiveness in the near future," the steel firm said in its annual report. The company, it said, will continue to evaluate and pursue growth opportunities in India through organic and inorganic options in the future to grow in line with the underlying Indian economy. In addition to the organic growth strategy, Tata Steel also expressed its interest and bid for multiple assets that were put up for sale under the Insolvency and Bankruptcy Code. "Following a rigorous and transparent process...the company was identified as the highest bidder for the acquisition of controlling interest in Bhushan Steel Ltd," Tata Steel said in its Annual Report 2017-18. In Europe, the company ...
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Tata Steel, Thyssenkrupp AG ink pacts to combine businesses in JV 30.6.2018 Sify Finance
Tata Steel and Thyssenkrupp AG on Saturday signed definitive agreements to combine their European steel businesses in a 50:50 joint venture (JV) in a new company.
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Tata Steel agrees to joint venture with Thyssenkrupp to create Europe's second largest steelmaker 30.6.2018 DNA: Recent Columns
 Tata Steel today said its board has approved joint venture (JV) with German steel major Thyssenkrupp AG to combine the European steel business of both the firms. The JV between two of the world's major steel companies will combine Thyssenkrupp and Tata Steel's European steel operations to create Europe's second-largest steelmaker after steel tycoon Lakshmi N Mittal's ArcelorMittal. "The Board of Tata Steel has approved the terms to create a 50:50 joint venture which will combine the European steel businesses of Tata Steel and thyssenkrupp AG and has adopted resolutions for the signing of the definitive agreement," Tata Steel said in a BSE filing. The step follows the signing of a Memorandum of Understanding in this regard in September 2017. The formal execution of the definitive agreements, it said, is expected shortly. Both the companies had in September last year announced plans to combine their European operations and form an equal joint venture. German steel giant Thyssenkrupp has said last year ...
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