Tata Steel on Tuesday said it will sell equity shares worth $2.3 billion in domestic and overseas markets, besides $6.1 billion in debt to fund acquisition of Anglo-Dutch firm Corus Group Plc.
Domestic steel prices have seen an increase over the past couple of months in anticipation of a safeguard duty, but a looming global trade war is likely to weigh as threat of import rises and prospect of export flounders. Data from BigMint showed that in March 2025, hot rolled coil (HRC) prices ex-Mumbai increased by Rs 600 per tonne month-on-month (M-o-M), rising from Rs 48,400 per tonne in February to Rs 49,000 per tonne.
Riding on rising steel prices and sales, the world's sixth-largest steel firm, Tata Steel reported 41 per cent jump in its net profit for the quarter ended March 2007 at Rs 1,104 crore (Rs 11.04 billion) on sales of Rs 4,980 crore (Rs 49.8 billion).
India's Pentala Harikrishna secured two wins on the last day but could only finish second, half a point behind Japanese-American wizard Hikaru Nakamura who lived up to his top billing to clinch the Tata Steel Chess India Rapid tournament, in Kolkata, on Sunday.
Tata Steel on Wednesday reported Rs 916.77 crore (Rs 9.16 billion) consolidated net profit for the July-September quarter of the current fiscal on higher income.
'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'
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.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
From the Sensex firms, Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were the major gainers. Sun Pharma, however, tanked over 5 per cent.
Taking advantage of the current boom in the steel sector, India's largest private steel manufacturer Tata Steel on Wednesday announced a whopping investment of up to Rs 25,000 crore (Rs 250 billion) over the next five years to become a 15 million ton
Viswanathan Anand had to be content with a joint third place finish following a draw with compatriot Vidit Gujrathi in the 13th and final round of the Tata Steel Masters, in Wijk Aan Zee, The Netherland.
The Global Business Coalition on HIV/AIDS hailed its expansion from 17 to 114 companies and praised member firms like Standard Chartered Bank PLC, Tata Steel and Daimler-Chrysler.\n
Gukesh will have to carry with him the tag of world champion and along with it loads of expectations and increased scrutiny. But the 19-year-old is prepared to stand in the limelight.
World champion Viswanathan Anand played out an easy draw with Grandmaster Peter Leko of Hungary to remain second after the ninth round of the Tata Steel Chess tournament in Wijk Aan Zee, The Netherlands.
World champion Viswanathan Anand played out an easy draw with Grandmaster Peter Leko of Hungary in the ninth round of Tata Steel Chess tournament, in Wijk Aan Zee on Tuesday.
World Champion Viswanathan Anand scored an emphatic victory over world number two Levon Aronian of Armenia to jump to joint lead with two others after the fourth round of the Tata Steel chess tournament, at Wijk Aan Zee, The Netherlands, on Wednesday.
The Indian operations continued their steady performance against a backdrop of lacklustre demand in the market place and increasing imports.
Profit in the three months ended September 30, excluding unit Corus, rose to Rs 1,787.81 crore (Rs 17.87 billion) from from Rs 1,190.83 crore (Rs 11.9 billion). Prices per tonne of steel may fall by as much as Rs 4,000 by December, said Koushik Chatterjee, chief financial officer. Demand from makers of trucks and buses have fallen, while supplies to cars and other light vehicle have remained flat.
Reigning world champion D Gukesh continued to turn adversity into opportunity as he wriggled out of a virtually intractable position to beat compatriot Arjun Erigaisi for the first time ever in a classical game and jump to sole second position after round 7 of the Norway Chess.
The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.
Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.
The company was also in the process of preparing the vision document for the year 2015.
This amendment is proposed to be made retrospectively effective from FY16 onwards.
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
While the maximum bonus will be Rs 130,463, the minimum will be Rs 26,610.
NatSteel Asia Pte Ltd (NSA), the Singapore-based subsidiary of Tata Steel, said on Thursday it has acquired two new steel-bar rolling plants in Vietnam for $41 million as part of strategy to expand in the Asia-Pacific.
The steel plant is planned to set up in the Alton North light industrial area of Richards Bay, situated about 150 km north of Durban.
For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.
The youngest-ever world champion, Gukesh Dommaraju will take on Magnus Carlsen, the world's highest-rated player, in a highly-anticipated contest at next year's Norway Chess.
R Praggnanandhaa split points with Czech hero David Navara while compatriot Aravindh Chithambaram escaped with a draw with another local star Nguyen Thai Dai Van in the first round of the Prague Masters.
European Union steel prices hit their lowest since 2004
World champion Viswanathan Anand slipped to the second position after he was held to an easy draw by tail-ender Ivan Sokolov of Holland in the eighth round of 75th Tata Steel Chess tournament Wijk Aan Zee, The Netherlands.
State Bank of India, Tech Mahindra, Larsen & Toubro, Tata Steel, Sun Pharma, Infosys, HCL Tech, Axis Bank, Tata Consultancy Services and NTPC were among the biggest laggards among Sensex shares. Nestle, Hindustan Unilever, Titan, Power Grid, UltraTech Cement and ITC were among the gainers.
Five-time World champion Viswanathan Anand gave a fine endgame lesson to young Alireza Firouzja, jumping to joint sixth position at the end of 11th round of Tata Steel Masters, in Wijk Aan Zee, The Netherlands, on Saturday. With his second victory, Anand clawed his way back to a fifty percent score and will now hope to end the tournament on a high. At just 16 years, Firouzja is less than one third of Anand's age, and the Indian ace showed that the Iranian still has a lot to learn.
World No 3 Shakhriyar Mamedyarov of Azerbaijan, current World Cup winner Levon Aronian and India number two Harikrishna shared the lead with two points apiece.
Net losses of Rs 6,528 crore is entire due to deliberate decision by company to reduce value of its European assets.
