User: subbu Topic: Companies
Category: Tata Steel
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After two years of talks, here's how Chandra clinched the Tata-Thyssenkrupp deal in just one meeting 26.9.2017 ET: Steel
Tata Sons chairman N Chandra’s trip to Germany in August to meet the founding families of Thyssen and Krupp was key to salvaging the mega alliance.
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Thyssenkrupp to raise capital ahead of Tata deal 26.9.2017 Sify Finance
BERLIN (Reuters) - Germany's Thyssenkrupp will increase its capital by 10 percent in a sale of new shares to bolster its balance sheet ahead of a planned deal with India's Tata Steel.
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ThyssenKrupp to raise capital by 10% ahead of Tata Steel deal 25.9.2017 News
Thyssenkrupp plans to issue 56,593,794 new no-par-value bearer shares
Suspended chairman heads Bhushan Steel AGM 25.9.2017 Business Standard: News Now
Last week, Brij Bhushan Singhal, 81, chaired the annual general meeting (AGM) of the company he founded, Bhushan Steel. Not a cause for concern in the normal course but this event assumes significance because this is one of the 12 large accounts that have been referred to the insolvency process, by Reserve Bank order. The National Company Law Tribunal (NCLT) admitted the plea on July 26. One of the key implications of admission of an insolvency plea is that the board of directors gets suspended and a committee of creditors (CoC) takes over. Further, day to day affairs come under a Resolution Professional (RP), answerable to the CoC. An e-mail seeking comments sent to the RP of Bhushan Steel remained unanswered.However, statements made by the company to the stock exchanges state that apart from Singhal, Nitin Johari and P K Aggarwal, erstwhile wholetime directors of the company were present at the AGM on September 16 here. Present were 158 shareholders, including the directors who ...
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Negative global cues, profit booking subdue equities (Third Lead) 25.9.2017 All News-IANS Stories
Key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- descended sharply on Monday to provisionally close in the red as negative global cues on the back of prevailing geo-political tensions, coupled with heavy selling pressure in index heavyweights like Adani Ports, Tata Steel and ITC, subdued investors' sentiments.
Negative global cues subdue equities, Sensex plunges over 300 points 25.9.2017 All News-IANS Stories
Negative global cues on the back of prevailing geo-political tensions, coupled with heavy selling pressure in index heavyweights like Adani Ports, Tata Steel and Larsen & Toubro, dragged the key Indian equities lower for the fifth consecutive trade session on Monday.
Morning News Call - India, September 25 25.9.2017 Sify Finance
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_09252017.pdf If you would like to receive this newsletter via
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Thyssenkrupp to form union panels on Tata deal 24.9.2017 Hindu: Business
Workers have fiercely opposed merger with the Indian firm
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Thyssenkrupp reaches out to unions after workers protest Tata Steel merger 23.9.2017 News
Tata-Thyssenkrupp steel merger could cut up to 4,000 job cuts
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Thyssenkrupp to set up working group with unions over Tata Steel merger 23.9.2017 Sify Finance
FRANKFURT (Reuters) - Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel, it said in a statement on
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Thyssenkrupp to set up working group with unions over Tata Steel merger 23.9.2017 ET: Steel
Opposition from Thyssenkrupp's workforce could mean prolonged negotiations with management and delay any approval of the plan by the supervisory board, scheduled for early next year.
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Hard choice 22.9.2017 HBL: Opinion
The Tata Steel-Thyssenkrupp merger is proof that hard commercial considerations must ultimately prevail in overseas acquisitions
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Germany steel workers protest against ThyssenKrupp-Tata steel merger plan 22.9.2017 Business Standard: Companies & Industry
Demonstrators protested against up to 4,000 job cuts that will be made should the joint venture go ahead
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Thyssenkrupp Tata Steel merger set to gain pricing power 22.9.2017 Sify Finance
FRANKFURT (Reuters) - Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say.
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Thyssenkrupp Tata Steel merger set to gain pricing power 22.9.2017 TOI: Intl Business
THYSSENKRUPP-TATA-STEEL:Thyssenkrupp Tata Steel merger set to gain pricing power
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Indian Corporate Bonds dealt-Sep 22 22.9.2017 TOI: Intl Business
INDIA-BONDS-CORPORATE/DEALT (TABLE):TABLE-Indian Corporate Bonds dealt-Sep 22
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Tata Steel to create another Jamshedpur at Kalinganagar 22.9.2017 Business Standard: News Now
Tata Steel plans to develop an eco-system for ancillary and downstream units in the vicinity of its Kalinganagar project in Odisha's Jajpur district. It has operationalised a capacity of three million tonnes a year in the first phase.The proposed complex for ancillary and downstream steel units is set to be developed on 400 acres. It seems likely to be modelled on the Adityapur Industrial Area in Jamshedpur, the company's original base. Located eight km from the steel city there, the Adityapur Industrial Area Development Authority is home to nearly 800 large, medium, small and tiny enterprises. Together, these provide direct employment to about 28,000 people (an estimated 11,500 tribals and locals); the latest annual turnover was Rs 3,550 crore.Tata Steel is believed to have started negotiations with select downstream and ancillary makers. At a recent meet organised jointly with the Odisha government at Kalinganagar, it had invited around 40 companies in the sector."Tata Steel is ...
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Fed announcement throws Sensex a massive 440 volt shock 22.9.2017 Sify Finance
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Morning News Call - India, September 22 22.9.2017 TOI: All Headlines
Morning News Call - India, September 22
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‘Innovation key to improving quality’ 22.9.2017 Hindu: Visakhapatnam
It should not be confined to production alone, says VSP official
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