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

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.

Govt plans to sell 10% stake in Rashtriya Ispat Nigam

Last Updated: Friday, July 25, 2014, 13:42

The government is also planning to sell a 5 percent stake in state-run Steel Authority of India Ltd this fiscal year to shore up its finances.

Dwayne Bravo defends sending Nicholas Pooran in Super over

Last Updated: Thursday, July 24, 2014, 10:24

Red Steel skipper Dwayne Bravo has defended his decision to allow 18-year-old Nicholas Pooran to take on Sunil Narine in a Super Over against the Guyana Amazon last week.

SAIL to tap overseas markets

Last Updated: Wednesday, July 23, 2014, 16:29

State-run SAIL plans to export higher volumes of steel after commissioning new facilities under modernisation and expansion plan, Minister of State for Steel Vishnu Deo Sai said Wednesday.

Russian steelmaker Severstal announces sale of US plants

Last Updated: Monday, July 21, 2014, 14:31

Russia`s steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of USD2.3 billion (1.7 billion euros).

SAIL, RINL spend Rs 7,000 cr for plants' maintenance in 3 years

Last Updated: Monday, July 21, 2014, 13:54

State-owned SAIL and RINL together incurred average expenditure of more than Rs 7,000 crore towards maintenance of different plants in the last three financial years, the government said today.

NTPC-SAIL Power Company pays Rs 86.28 crore dividend

Last Updated: Saturday, July 19, 2014, 15:45

NTPC-SAIL Power Company, a joint venture between state-run NTPC and SAIL, paid a dividend of over Rs 86 crore to the government.

FTAs with Japan,S Korea resulted in cheaper steel imports: Sai

Last Updated: Wednesday, July 16, 2014, 17:59

Free trade agreements (FTA) with Japan and South Korea have resulted in cheaper imports of steel and has not impacted the domestic production, Parliament was informed today.

WTO faults US over duties on Chinese, Indian steel goods

Last Updated: Tuesday, July 15, 2014, 09:25

World Trade Organisation judges said on Monday the United States broke its rules in imposing hefty duties on Chinese steel products, solar panels and a range of other goods that Washington argues enjoyed government subsidies.

WTO panel faults US duties on Indian steel

Last Updated: Monday, July 14, 2014, 22:17

The United States broke global trade rules by slapping import duties on Indian steel products, a WTO panel ruled on Monday, calling on Washington to fall into line.

Steel consumption inches up by 0.7% in Q1

Last Updated: Sunday, July 13, 2014, 12:22

The country had consumed 18.69 MT steel in the April-June quarter of last fiscal, showed data compiled by Joint Plant Committee.