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Tata Steel shares surge nearly 7% in early trade Tata Steel shares surge nearly 7% in early trade Shares of Tata Steel on Friday surged nearly 7 percent even as the company reported a consolidated net loss of Rs 6,528.51 crore for the quarter ended March 2013.
BSE Sensex regains early momentum; up 53 points BSE Sensex regains early momentum; up 53 points The 30-share index, which had lost 612 points in the previous four sessions, rose by 53 points to 19,727.
Tata Steel swings to loss of Rs 6,528.51 cr in Q4 Tata Steel swings to loss of Rs 6,528.51 cr in Q4 The Tata group company had reported a consolidated net profit of Rs 433.46 crore for the same quarter of 2011-12.
Tata Steel's $1.6 bn write off not to impact rating: Moody's Tata Steel's $1.6 bn write off not to impact rating: Moody's "The decision...Has no immediate impact on its ratings," Moody's said in a statement.
Tata Steel to write down $1.6 bn of goodwill and assets Tata Steel to write down $1.6 bn of goodwill and assets "...The company expects non-cash write down of the goodwill and assets in the consolidated financial statements for the year ended March 31, 2013 of around USD 1.6 billion," it said in a statement.
Tata Steel to shut UK technology centres, job cuts expected Tata Steel to shut UK technology centres, job cuts expected A source told 'The Sunday Times' that Tata Steel may then shift this research to the Netherlands and India, resulting in 300-400 job cuts in the UK.
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