User: manuj Topic: Companies
Category: Tata Steel
Last updated: Jun 15 2018 12:34 IST RSS 2.0
 
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Sensex, Nifty open in green amidst mixed Asian cues 15.6.2018 DNA: Recent Columns
The BSE Sensex recovered by over 66 points to 35,666.07 in opening trade today, aided by continuous buying by domestic investors amid mixed Asian cues. The 30-share index advanced 66.25 points, or 0.18 per cent, to 35,666.07. It had lost 139.34 points in the previous session. Sectoral indices such as healthcare, IT, teck, consumer durables, realty, metal and banking, ruled higher, rising by up to 0.96 per cent. Similarly, the broader 50-share NSE Nifty moved up 15.75 points, or 0.14 per cent, at 10,823.80. Unabated buying by domestic institutional investors (DIIs) and scattered buying by retail investors helped trading sentiment, traders said. DIIs bought equities worth Rs 576.19 crore, while foreign portfolio investors (FPIs) sold shares worth a net Rs 1,372.84 crore yesterday, as per provisional data. In the Sensex pack, Dr Reddy's, Sun Pharma, RIL, TCS, Infosys, ICICI Bank, Tata Steel, Wipro, Tata Motors, Coal India and Axis Bank were the major gainers, advancing by up to 2.77 per cent. In the Asian ...
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Sensex, Nifty open in green 15.6.2018 DNA: Urban Tales
The BSE Sensex recovered by over 66 points to 35,666.07 in opening trade today, aided by continuous buying by domestic investors amid mixed Asian cues. The 30-share index advanced 66.25 points, or 0.18 per cent, to 35,666.07. It had lost 139.34 points in the previous session. Sectoral indices such as healthcare, IT, teck, consumer durables, realty, metal and banking, ruled higher, rising by up to 0.96 per cent. Similarly, the broader 50-share NSE Nifty moved up 15.75 points, or 0.14 per cent, at 10,823.80. Unabated buying by domestic institutional investors (DIIs) and scattered buying by retail investors helped trading sentiment, traders said. DIIs bought equities worth Rs 576.19 crore, while foreign portfolio investors (FPIs) sold shares worth a net Rs 1,372.84 crore yesterday, as per provisional data. In the Sensex pack, Dr Reddy's, Sun Pharma, RIL, TCS, Infosys, ICICI Bank, Tata Steel, Wipro, Tata Motors, Coal India and Axis Bank were the major gainers, advancing by up to 2.77 per cent. In the Asian ...
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Hopes of healthy macro data, global cues lift equity indices 12.6.2018 Sify Finance
Global cues and expectations of a healthy macro-economic industrial production data aided the key Indian equity indices to provisionally close Tuesday's trade session on a positive note.
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Markets cautious ahead of inflation data 12.6.2018 Sify Finance
[India], June 12 (ANI): Market indices traded cautiously on Tuesday morning, ahead of the announcement of inflation and industrial production data.
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Profit taking subdues equity indices to end flat; metal stocks fall 11.6.2018 Sify Finance
Profit booking and weak global markets subdued the key Indian equity indices to provisionally close Monday's volatile trade session on a flat-to-positive note.
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Bankruptcy code brings good news for SBI 11.6.2018 Rediff: Business
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
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Sensex up 184 pts, Nifty tops 10,800 amid positive global cues 11.6.2018 DNA: Urban Tales
The BSE Sensex rebounded by 184 points while the Nifty recaptured the 10,800-mark in early trade today on sustained buying by domestic institutional investors amid positive global cues. Asian markets were trading in the green as investors were looking ahead to US President Donald Trump's meeting with North Korean leader Kim Jong Un. The 30-share Sensex rose by 184 points, or 0.52 %, to 35, 628.57.37 at 10.25 AM. The gauge had shed 19.41 points in the previous session on Friday. All the sectoral indices, led by healthcare, realty, and power, were trading in the green with gains of up to 0.86%. The broad-based NSE Nifty went up by 57 points to 10825.30 at 10.25 AM. Major gainers that supported the recovery were Adani Ports, RIL, Bharti Airtel, IndusInd Bank, SBI, Yes Bank, Coal India, Dr Reddy's, Asian Paints, Kotak Bank, NTPC, Tata Steel and Bajaj Auto, rising up to 1.81%. Brokers said buying by domestic institutional investors amid a firm trend at other Asian bourses led the markets higher. Domestic ...
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Sensex ends 284.20 points higher; Nifty at 10768.35 7.6.2018 Sify Finance
[India], June 7 (ANI): Market indices on Thursday ended on a positive note amid favourable cues on the domestic and international front.
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Market indices extend gains post RBI policy 7.6.2018 Sify Finance
[India], June 7 (ANI): Market indices extended gains from the previous closing on account of the Reserve Bank of India (RBI) monetary policy statement released on Wednesday.
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Fascinating story of how Tata Steel sealed the Bhuhsan deal 3.6.2018 Rediff: Business
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
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Fascinating story of how Tata Steel sealed the Bhusan deal 1.6.2018 Rediff: Interviews
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel's acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V Narendran tells Ishita Ayan Dutt how this deal moved so quickly while others are still mired in controversies.
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Tata Steel's Kalinganagar plant creates employment for over 21k 1.6.2018 Sify Finance
Tata Steel's Kalinganagar plant has generated direct and indirect employment opportunities for more than 21,000 persons, said a statement on Friday.
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Will Modi's big ticket reforms help the banking sector? 29.5.2018 Rediff: Business
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
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Markets continue to sink as Karnataka tussle sours risk appetite 21.5.2018 Rediff: Business
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
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After Bhushan Steel buy, Tata Steel looks at Odisha expansion 20.5.2018 DNA: Popular News
Tata Steel, which is in the process of ramping up its capacity through acquisitions as well as organic route to meet the surging demand, is in talks with manufacturers who have approached the steelmaker for its metal. The firm, which is adding capacities worth Rs 60,000 crore, last week completed the purchase of debt-ridden Bhushan Steel under the Insolvency and Bankruptcy Code mechanism, which will add another 5.6 million tonne per annum (mtpa) to its production capacity of 13 mtpa. "We are in discussion with Tata Steel for an industrial park at Kalinganagar (in Odisha). The idea is that if we can get the mother plant on board, it would be able to provide the hot metal to the units which would come up within the park. We are now reaching out to downstream companies who have given us suggestions and we are working out the details and we will then discuss them with Tata Steel," Sanjeev Chopra, principal secretary, industries, Odisha, told DNA Money. Tata Steel has also announced the expansion of its ...
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Tata Steel subsidiary completes BSL acquisition 19.5.2018 Sify Finance
Tata Steel on Friday said its wholly-owned subsidiary Bamnipal Steel Ltd has completed the acquisition of 72.65 per cent stake in Bhushan Steel Ltd (BSL) in accordance with the approved resolution plan under the corporate insolvency resolution process (CIRP).
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Tata Steel acquires 72% stake in Bhushan Steel 19.5.2018 Sify Finance
Tata Steel's wholly-owned subsidiary Bamnipal Steel Ltd on Friday acquired 72.65 per cent stake in Bhushan Steel Ltd (BSL) in accordance with the approved resolution plan under the corporate insolvency resolution process (CIRP).
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Market recovering post clarity in Karnataka 17.5.2018 Sify Finance
[India], May 17 (ANI): Following the swearing-in ceremony of Bharatiya Janata Party's (BJP) B.S. Yeddyurappa, market indices began to recover on Thursday morning, post a nearly 200-point plunge in
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Tata Steel clears NCLT hurdle in Bhushan Steel acquisition bid 15.5.2018 DNA: Mumbai
Tata Steel may well become the first company to complete the process of acquiring debt-ridden Bhushan Steel Ltd under the Insolvency and Bankruptcy Code (IBC) with the National Company Law Tribunal (NCLT) clearing its resolution plan on Tuesday. Kumar Saurabh Singh, partner at law firm Khaitan & Co, told DNA Money that the road was now clear for Tata Steel to implement its plan unless somebody challenges it in the National Company Law Appellate Tribunal (NCLAT). "Unless somebody challenges this (the approval by NCLT) in the NCLAT on any ground, the path is clear for Tata Steel to complete the process of acquisition now," he said. Mining and metal firm Vedanta Ltd was the first company to get NCLT's clearance for its resolution plan for taking over Electrosteel Steels but it has been challenged by Renaissance Steel. Bhushan Steel was one of the 12 non-performing asset (NPA) accounts notified by the Reserve Bank of India (RBI) last year. On Tuesday, NCLT also dismissed a plea by Bhushan Steel Employees ...
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The UK businessman saving Indian companies from insolvency 12.5.2018 Rediff: Business
Sanjeev Gupta of Liberty House, a global supplier of metals and engineering solutions, who has emerged front-runner for a number of stressed companies, plans to fund a string of companies through a mix of equity and debt.
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