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Seven junk bond sales raise close to $4 billion this fiscal

Last Updated: Monday, August 18, 2014, 21:27

Seven companies led by Tata Motors and Tata Steel together raised close to USD 4 billion this year, by selling high yielding bonds or below investment grade debt to overseas investors, taking overall forex debt raising by domestic corporates to below a tad USD 15 billion.

Unfortunate that steel, iron-ore are imported: Narendran

Last Updated: Friday, August 15, 2014, 11:32

Pitching for proper utilisation of resources, Tata Steel MD (India and South East Asia) T V Narendran today said it is "unfortunate" that steel and iron ore are being imported by a country blessed with rich mineral reserves.

Tata Steel plans Rs 14,000-crore capex during this fiscal

Last Updated: Thursday, August 14, 2014, 22:38

Steel major Tata Steel Ltd has chalked out a Rs 12,000 crore to Rs 14,000 crore capital expenditure plan to fund expansion of its Kalinganagar plant during the current financial year.

Tata Steel's consolidated profit plunges 70% to Rs 337 cr in Q1

Last Updated: Wednesday, August 13, 2014, 16:53

Global steel giant Tata Steel's consolidated net profit plunged by 70.38 percent to Rs 337.33 crore in the April-June quarter, mainly due to Rs 1,577 crore write-down in a project.

SC quashes criminal complaint against Tata Steel ex joint MD J J Irani

Last Updated: Friday, August 08, 2014, 11:53

J J Irani stepped down on turning 75, from the company's board in 2011.

Tata Steel launches new automotive steel for crash-protection

Last Updated: Monday, August 04, 2014, 23:14

Tata Steel on Monday launched an innovative high-strength steel product here which will allow automotive manufacturers to make lighter components and create relatively complex shapes.

Fitch Ratings assigns BB+ to Tata Steel $1.5 billion notes

Last Updated: Tuesday, July 29, 2014, 19:08

The notes were issued by Singapore-based ABJA Investments Co Pte Ltd, a wholly owned subsidiary of TSL, and unconditionally and irrevocably guaranteed by India-based TSL.

Tata Steel raises $1.5 billion in overseas bond sale

Last Updated: Friday, July 25, 2014, 16:16

This is the it the largest such deal by the Tata group firm.

Tata Steel's UK plant to cut 400 jobs

Last Updated: Tuesday, July 01, 2014, 18:22

The proposed changes are aimed at enabling the UK Strip Products business to compete in Europe's lower market demand era by reducing costs.

Adani completes acquisition of Dhamra Port in Odisha

Last Updated: Monday, June 23, 2014, 21:10

Adani Ports is country's largest port operator with its flagship Mundra Port in Gujarat being the largest commercial port in India.

Tata zoo takes measures for monsoon

Last Updated: Friday, June 20, 2014, 15:11

The Tata Steel Zoological Society (TSZS) here has taken all precautionary measures to prevent any inconvenience to animals as well as visitors in the zoo during monsoon.

IMG to meet next week to review BGs of 61 coal blocks

Last Updated: Wednesday, June 11, 2014, 17:32

The meeting of inter-ministerial group (IMG) on coal blocks to look into the issue of bank guarantees related to 61 mines alloted to firms such as ArcelorMittal, Tata Steel and JSPL which was to be held today has been postponed to next week.