Ore and coking coal to come from Tata mines in Canada, Africa.
Vishwanathan Anand outplayed Peter Leko in the fifth round to take sole lead at the Corus Grandmasters tournament
Tata Steel said on Tuesday its Board will meet on April 17 to discuss plans for funding the $12 billion acquisition of Anglo-Dutch firm Corus Group Plc.
Grandmaster Krishnan Sasikiran defeated Commonwealth champion and former World championship finalist Nigel Short of England in the fifth round of the 'B' group in the Corus International chess tournament, in Wijk Aan Zee (The Netherlands), on Thursday.
Speaking on the sidelines of CII annual regional meeting in Kolkata on Tuesday, Tata Steel group CFO Koushik Chatterjee confirmed that production cut continues to be around 40 per cent. Exuding confidence that the company will be able to save 600 million pounds by March as envisaged, Chatterjee said, "The cost saving measures are on track at Corus in line with the target."
Tata Steel's European arm, Corus, the second-largest steel maker on that continent, has appointed Citibank to help find a suitable buyer for its beleaguered Teesside Cast Products factory in northeast Britain.
While admitting that $12-billion deal to acquire the Anglo-Dutch steel maker Corus was 'expensive', Tata, however, said he was hopeful of a turnaround by the struggling European steel giant.
International Master Martin Breutigam, a longtime contributor to German newspaper Suddeutsche Zeitung, accused Topalov of soliciting help from his manager Silvio Danailov through gestures and signals during some of the games.
The company was also in the process of preparing the vision document for the year 2015.
Tata Steel may opt for a rights issue to raise funds to finance its $13.13 billion purchase of the Corus group
Brazilian steel maker CSN might have lost the bidding war for Corus to India's Tata Steel but it still stands to gain over $520 million on the virtue of its failure only.
Corus Group Plc on Friday said it will list 46.8 million additional equity shares for trading on the London Stock Exchange.
India Inc on Wednesday welcomed Tata Steel's acquisition of Anglo-Dutch steel maker Corus while expressing concern that the deal might re-rate the entire steel industry, making steel companies over-valued.
Even as Tata Steel mulls over its next move in the race for Corus Group, its rival suitor Companhia Siderurgica Nacional
Bankers familiar with the development said CSN, which announced on Friday that it might trump a 455-pence-a-share offer from Tata with a bid worth 475 pence, was prepared to offer "much more" for Corus if needed.
Tata Steel was prepared to make a hostile bid of £4.2 billion (nearly $7.79 billion) if its favoured option of a friendly merger was rejected, the UK newspaper reported.
The market is both taking a short-term view and a harsh view. We often damn a company when it makes a loss in a single year.
Do you think this acquisition further fortifies the belief that India is a rising giant? Are you happy with the Tatas managing to beat Brazil's CSN to buy Corus? Do you think the Tata Group is set for big growth in the future? Tell us.
The nine-round auction called by the UK Takeover Panel to decide the winner between the two suitors began at 2200 hrs Indian time (1630 hrs GMT) and will end the slugfest that has been on for three months.
'It might not have a direct impact on the domestic steel industry but will improve India's position in the global market.'
Brazilian steel firm Companhia Siderurgica Nacional wants to make a rival bid for Corus before the Anglo-Dutch group's shareholders meet on December 4 to consider an offer from India's Tata Steel, a report said.
Shares of Corus Group Plc, surged by 1.12 per cent in trading on Friday on reports that Tata Steel may revise its takeover offer, but stocks of the Indian company fell 1.67 per cent on the bourses.
World champion Viswanathan Anand will start his campaign with black pieces against defending champion Grandmaster Sergey Karjakin of Ukraine in the first round of the Corus Chess tournament.
The victory will also help him cross the magical 2800 Elo barrier for the first time in his career.
Corus spokesperson did not respond to an email query sent by PTI at the time of releasing the story. However, a senior company official said that direct and indirect job losses are imminent with closure of industrial operations, though he did not confirm to such a figure.
Corus postpones EGM and court meeting over Tata Steel's takeover bid to December 20 from December 4 to give more time to CSN.
Victory eluded Viswanathan Anand for the seventh successive round as he drew with Italian Fabiano Caruana in the elite 'A' group of the Corus Chess Tournament in Wijk Aan Zee.
World champion Viswanathan Anand registered his second straight draw after being held by England's Nigel Short and was placed tied-fourth at the end of the second round in Group 'A' of the Corus Chess tournament. Grandmaster Alexei Shirov of Spain emerged sole leader after his victory over last year's Group 'B' winner Fabiano Caruana of Italy.
World champion Viswanathan Anand failed to replicate his superb form of the last few rounds as he drew his final game in the 'A' group against Loek van Wely of Holland to finish joint fourth in the Corus Chess tournament in Wijk Aan Zee, The Netherlands.
World champion Viswanathan Anand ended his long chain of draws with a lucky victory over Spaniard Alexei Shirov in the tenth round of the 'A' group of the Corus chess tournament in Wijk Aan Zee.
Viswanathan Anand's hunt for an elusive victory in the 'A' group continued as he played out his sixth draw on the trot but former world junior champion Abhijeet Gupta won an exciting game in the 'C' group of the Corus Chess Tournament in Wijk Aan Zee.
In an interview published in the Sunday Times on Sunday, Ratan Tata admitted with hindsight that he might have gone too far too fast, but that nobody saw the economic recession coming.
The Indian GM demolished Jan Timman in the 11th round of the Corus Chess tournament.
The world's 14 top-ranked players are taking part in the tournament.
Close on the heels of the Tatas revising their bid for Corus to $9.2 billion by offering a price of 500 pence per share, the Brazilian steel firm CSN offered 515 pence a share for acquiring Corus.
Judit Polgar of Hungary continues to breathe down Anand's neck.
World champion Viswanathan Anand split points with Russian Vladimir Kramnik in the 13th and final round to share the third spot in Group A at the end of the Corus International Chess tournament on Monday.
Rude defeats for World champion Viswanthan Anand and fellow Grandmaster Koneru Humpy summed up a pathetic day for the Indians in the first round of Corus Chess tournament.
Anand settled for a quick draw against Vassily Ivanchuk. He shares the lead with Judit Polgar and Evgeny Bareev.
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