Tag: tata steel

Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag

October 1, 2024 admin

According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…

Business

Tata Steel, UK Announce 1.25 Billion Pound Joint Investment Plan

September 15, 2023 admin

London/New Delhi: The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country’s largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. The government’s grant has been dubbed as one of…

Business

UK To Pump $621 Million Into Tata Steel To Secure Steel Industry

September 15, 2023 admin

UK To Pump 1 Million Into Tata Steel To Secure Steel Industry

Britain said the new electric furnaces would cut the country’s entire emissions by around 1.5%. London: Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country’s steel industry but which puts as many as 3,000 jobs at…

World

Tata Steel to pay ₹314.70 crore as annual bonus to employees

September 5, 2023 admin

Private steel major Tata Steel announced a total payout of ₹314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers’ Union (TWU) in Jamshedpur. As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of…

Business

Tata Steel CEO says prices to ease in Q2

July 26, 2023 admin

India’s Tata Steel Ltd. expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on July 25. “In India, the Q2 [July-September] realisation will be about 3,000-3,100 rupees per tonne [$36.65-$37.87] lower…

Business

Tata Steel Q1 net profit falls over 93% to ₹524.85 crore

July 24, 2023 admin

FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui TPX IMAGES OF THE DAY/File Photo | Photo Credit: DANISH SIDDIQUI Tata Steel on July 24 posted over 93% decline in consolidated net profit to ₹524.85 crore for…

Business