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Corus Ceo Kirby Adams

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Corus inks draft Teesside sale

After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products plant to Thailand's Sahaviriya Steel Industries for a price of 320 million......

Corus to invest Rs 1,355 cr in UK

Tata Steel-owned Corus on Tuesday said it will invest 185 million pound ( 1,355 crore) in the No 4 blast furnance at Port Talbot steelworks in Wales, that will increase capacity by 400,000 tonnes a......

Tata Steel asks Brit MP to be less critical

Tata Steel Vice-Chairman B Muthuraman has asked a member of British Parliament not to be "over-critical" about the company's strategy in dealing with problems in Corus. Muthuraman on Tuesday wrote......

India Inc discovers the power of two

When United States-based drug major Merck bought Schering-Plough early this month, it decided to go off the beaten track. Instead of having one managing director for the merged entity, it decided......

Corus to cut 2,045 more jobs

Corus Group, Europe's second-largest steel maker and a subsidiary of Tata Steel, announced 2,045 fresh job cuts, mostly in three of its plants in the United Kingdom. These will be over and above......

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