Since Ratan Tata , the patriarch of India's Tata Group, decided to splash out $13.1bn early in 2007 on Anglo-Dutch Corus, he has spent a lot of time with smooth-talking Frenchman Philippe Varin , who has run Corus for five and a half years.
The imposition of 15 per cent export duty on steel has suddenly altered the prospects of the sector to negative and led to a big sell-off in steel stocks. Iron ore and pellet exports have to face duties of 45-50 per cent, which means they become uncompetitive. The Ukraine war has led to a supply crunch in global markets and pushed up prices, with Europe, in particular, looking for replacements for Ukrainian and Russian exports.
Revenue from China contributed no more than 3 to 4 per cent to the company's total revenue in the latest fiscal.
The Tata Steel group - comprising Tata Steel and Corus Group, the European steel maker it acquired in January on Wednesday took decisive steps towards integration by setting up a new organisation structure that will become effective January 1, 2008.
The announcement evoked a sharp response from the UK and Ireland's largest trade union, Unite, which said it would fight for every job and demanded that there would be no compulsory redundancies from Tata Steel.
TMC leader Derek O'Brien highlights the Tata Group's presence and expansion in West Bengal, countering BJP claims about bringing Tata back to the state. Investments and expansions span IT, manufacturing, hospitality, and retail sectors.
Tata Steel was the top gainer in the Sensex pack, jumping around 4 per cent, followed by NTPC, PowerGrid, Reliance Industries and Bajaj Finserv.
Tata Steel, world's sixth largest steel maker on Wednesday said it has bagged the 'Golden Peacock' award for 2009 for its corporate social responsibility initiatives.
Indian benchmark equity indices, Sensex and Nifty, closed lower due to persistent geopolitical tensions in the Middle East and elevated crude oil prices, with investors remaining cautious ahead of fresh US sanctions on Iran.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade, with the ongoing US-Iran standoff cited as a major factor impacting investor sentiment and raising concerns about inflationary pressures and currency volatility for oil-importing nations like India. Track Sensex, Nifty on August 14, 2026.
The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.
Tata Steel Ltd on Thursday announced a 50:50 joint venture with Australian steel producer BlueScope Steel for setting up metallic coated steel production facility.
India's Vidit Gujrathi drew with Jan-Krzysztof Duda of Poland to take his tally to four points after the sixth round of Tata Steel Chess Tournament 2022.
The chairmanship of Tata Motors and Tata Steel after Ratan N Tata steps down at the end of 2012 appears to be an open question. It will be up to the new Tata group chairman, Cyrus Mistry, whether he decides to succeed Tata in heading two of the largest group companies or opt for new chairpersons for them.
Historically, Tata Steel has always been among the biggest companies in the group in terms of m-cap, revenue, and profit but its fortunes began to decline after 2010 due to a sharp decline in the profitability of its European operations that it had acquired in 2007. The company was hit by a sharp rise in its debt level after this acquisition. First, it lost out to Tata Motors in terms of revenue in FY11 and then in March 2015, Titan beat it to become the third-biggest firm in the group in terms of m-cap. In FY20, TCS reported higher revenue and Tata Steel had become the third biggest company in that terms.
The Indian steelmaker, which bought the Mozambique project with Australia-listed Riversdale Mining, sees the mine as essential in ensuring it has a sustainable supply of coking coal.
While companies in India are busy using the platform provided by movies to promote their brands and products, home-grown steel major Tata Steel has sponsored a commercial film to talk about environmental issues. Hello Zindagi, a movie venture supported by Tata Steel and Dhamra Port Company Ltd, which released on March 5, highlights the sensitive issue of the conservation of Olive Ridley turtles in the story.
Adding to its list of Ford, Maruti, Hyundai, Toyota, Tata Steel now boasts of Nissan and Volkswagen as buyers of Tata Steel.
Former Chairman and Managing Director of Tata Steel, Russi Mody, 96, passed away in Kolkata on Friday.
Six months after acquiring Anglo-Dutch steel giant Corus, Tata Steel has put the foreign company's aluminium business on the block.
The company stock ended up 4.49 per cent.
"Yes, we will continue to hold on to our stake," Tata Steel's Vice-Chairman B Muthuraman told reporters on the sidelines of an industry event in New Delhi.
Analysts sceptical whether company will sustain rise in operating profits.
Tata Steel, India's largest steelmaker, has consolidated all its overseas assets including Corus under a new holding company, Tata Steel Global, to raise funds for its overseas expansion including future acquisitions.
India's biggest steelmaker Tata Steel is set to merge its British unit Corus with itself by next year to save costs up to 350 million pounds, and the move is likely to put thousands of jobs at risk, a media report has said.
D Gukesh defeated Dutch Grandmaster Max Warmerdam to stay in sole lead on 7.5 points at the end of the 10th round of Tata Steel Chess tournament
The UK government has promised to put in place measures worth hundreds of millions of pounds to support any rescue deal for the Indian group's UK business.
Indian Grandmaster Nihal Sarin discusses fellow world champion D Gukesh's recent performance slump, attributing it to a lack of confidence rather than a decline in skill. Sarin expresses hope that the upcoming Chess Olympiad will help Gukesh regain his form. He also shares his views on the increasing role of AI in chess, the evolution towards faster formats, and potential improvements in the chess ecosystem.
With five points in his kitty from eight games, D Gukesh jointly leads the standings with Anish Giri of Holland.
Tata Steel on Wednesday said it has initiated the construction of a technical training institute near Gopalpur in Ganjam district of Orissa.
Indian benchmark indices Sensex and Nifty surged in early trade, driven by a rally in IT stocks and tempered expectations of US Federal Reserve monetary tightening following softer-than-expected US jobs data. Track Sensex, Nifty on July 3.
The 57-year-old Charudatta, a Tata Steel official, was constantly humiliated and harassed between May 2012 and May 2013 following which he took the drastic decision to end his life.
Tata Steel would expand the capacity of its Jamshedpur plant from five million tonne per annum to 10 million tonne by 2009-10, a company official said on Tuesday.
Newly listed companies Vedanta Aluminium Metal, SBI Funds Management and Manipal Health Enterprises have entered the Rs 1 trillion mcap list since March 2026.
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
