The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a mill in Brinsworth.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
TCS still ace in the pack
Tata Steel, others sell assets abroad after taking massive impairments.
Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
Ahmedabad-based Adani Group is said to be the frontrunner to buy out both Tata Steel and Larsen & Toubro's stake in Dhamra.
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.
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
Airtel acquired African telecom operator Zain in 2010 for $10.7 billion.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
Gupta has expressed an intent to buy Port Talbot, Britain's biggest steelworks
The British government has been under pressure to help a sale process go through after Tata said it would sell its British business.
In March, Tata Steel announced its intention to sell the entire 10.5 million-tonne UK assets.
Firms to find alternative export routes or face increased trade barriers
The company agrees to discussions for long-product division with Swiss group Klesch.
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
For the past few years the top brass at Pearson did pretty well to grapple with the threat of digital disruption.
India Inc's investments abroad in April-June 2015 have once again risen to $1.3 billion.
Only a handful of overseas acquisitions by Indian firms have survived the bloodbath, says Bhupesh Bhandari.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
