With the worst in terms of pricing pressures behind Tata Steel, its outlook is expected to improve. Europe has seen hot rolled coil prices rise this January after the European Union's (EU's) carbon border adjustment mechanism (CBAM) kicked in and further price improvements may be on the cards once import quotas come into play in June.
AS Roma took a big step towards qualifying for the Europa League last 16 with a 2-0 win over VfB Stuttgart on Thursday.
Tata Steel's two Dutch subsidiaries are facing a 1.4 billion lawsuit in the Netherlands alleging health and property damage caused by emissions from the company's steelmaking operations, a charge which the Indian conglomerate labelled as "unsubstantiated and speculative". In an exchange filing, Tata Steel said that environmental group Stichting Frisse Wind.nu (SFW) has served a writ of summons on Tata Steel Nederland BV and Tata Steel IJmuiden BV on December 19.
Lyon thump Maccabi Tel Aviv to go top, Forest keep on winning
There is positive sentiment for Tata Steel on the basis of strong domestic demand, a turnaround of European operations and moderate valuations. A combination of capacity expansion, efficiency gains, higher asset utilisation, and improved operating leverage may lead to margin expansions.
'The steel industry has a multiplier effect on direct and indirect employment, national security on the supply chain, technology access etc.'
'Due to tariff uncertainty, automotive customers reduced their steel uplift by almost 15 per cent.'
Nottingham Forest reached the FA Cup quarter-finals as they beat fellow Premier League club Ipswich Town on penalties after the City Ground clash ended 1-1 after extra time on Monday.
Images from Saturday's FA Cup quarter-finals.
A summary of Saturday's action in the FA Cup third round.
A US District court has sentenced former Worldcom executive Buford T Yates to one year in prison for his role in the company's $11 billion fraud.
Multiple polling stations and municipal buildings received hoax bomb threats across the battleground states of Pennsylvania, Arizona and Georgia, disrupting the polling in these states.
Tata Steel is in the process of filing a curative petition in the Supreme Court in connection with the apex court ruling which said that states have the power to levy cess on mining and mineral-use activities. The petition by the steel manufacturing firm is aimed at seeking remedy to the order, passed by a 9-judge Constitution Bench of the Supreme Court on July 25. However, Tata Steel's managing director and chief executive officer T V Narendran told Business Standard that there was no demand note on the firm.
Team Sky sports director Sean Yates is retiring from cycling but there is no link between his decision and the team's zero-tolerance anti-doping charter, the British outfit said on Sunday.
The Labour government in the UK has cleared the decks for a 500 million grant to Tata Steel, paving the way for decarbonisation of the company's British business and a sustainable financial future. In a statement, Tata Steel said that it has signed a 500 million Grant Funding Agreement (GFA) with the UK government, allowing it to "proceed at pace with the project to install a state-of-the-art electric arc furnace (EAF) at the Port Talbot steelworks in Wales". This is part of the 1.25 billion green steel project in Port Talbot, of which Tata Steel's investment is to the tune of 750 million.
Round-up of matches from the opening weekend of the English Premier League 2024-25
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
I am happy I didn't knock anyone down, driving recklessly or trying to show off. However, in one instance of road rage (the consequence of arguing with a driver who disrespected my right to cross the road peacefully) I did find a man in a SUV taking his anger out on me by driving his vehicle over my feet, recalls Shyam G Menon.
'When you look at reviving private sector capex, I don't think there's a better story than steel.'
In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India's top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21.
Mohamed Salah scored a late equaliser from a penalty kick as Liverpool escaped Old Trafford with a single point in a 2-2 draw with Manchester United to climb to even on points with Premier League leaders Arsenal.
IMAGES from Premier League matches played on Saturday.
Burnley earned their first point since returning to the Premier League but were left frustrated by a 1-1 draw at Nottingham Forest on Monday after having a late goal ruled out.
Manchester United climb into sixth place with 3-0 West Ham win
There was an acceptable domestic performance in India but there continues to be concerns about the Europe business and that overshadows the local performance. The consolidated revenues for the Q2FY24 stood at Rs 55,682 crore with an operating profit of Rs 4,315 crore and an operating profit margin of 8 per cent.
IMAGES from Saturday's action in the English Premier League.
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure that it has enough resources to meet enhanced needs.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Manchester City face Inter Milan in the Champions League final in Istanbul on Saturday.
Star India batter Cheteshwar Pujara hit 22 runs in an over en route to a scintillating 107 off 79 balls for Sussex in the Royal London One-Day Cup in Birmingham on Friday. However, his fine innings went in vain as Sussex fell short by four runs while chasing Warwickshire's 310 for 6.
Briton Adam Yates retained the overall leader's yellow jersey after staying tucked in the main peloton, which crossed the line with a deficit of 2:53.
Stage eight winner Nans Peters had long crossed the line when fellow Frenchman Thibaut Pinot's ordeal ended after the Groupama-FDJ rider, highly fancied to become the first local winner of the race in 35 years, had been dropped in the second ascent of the 141-km trek through the Pyrenees.
Briton Adam Yates retained the overall leader's yellow jersey.
Belgian Jasper Philipsen took second place with France's Christophe Laporte finishing third, eight seconds behind.Overall, Van Aert leads compatriot Yves Lampaert (Quick Step Alpha Vinyl) by 25 seconds and defending champion Tadej Pogacar (UAE Emirates) by 32.
Warwickshire captain Will Rhodes will lead the County Select XI to play India at the Emirates Riverside in Durham.
'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.
Spain's Gorka Izagirre took second place and Yates finished third, 15 seconds behind.
'It's a big emotion because I've won on the Tour. I haven't won (a race) since the start of the season. It's great to make it. It was tough but I'm super happy to have won.'
Lahiri squeezed himself into the top 60 as the final qualifier on the list published by the International Golf Federation on Tuesday.
Team Ineos's Luke Rowe and Lotto Jumbo-Visma's Tony Martin were both kicked out of the race following an altercation, just under 14 kilometres from the finish.
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