close
This ad will auto close in 10 seconds
Tata Steel offers to pay millions for pension scheme revamp

Tata Steel offers to pay millions for pension scheme revamp

Tata Steel Ltd has offered to pay hundreds of millions of pounds to its pension scheme to release a guarantee the fund holds over its Dutch assets, as the Indian firm moves closer to merging its European assets with Germany`s Thyssenkrupp , the Financial Times reported.

Tata Steel signs pact with Liberty House Group for sale of UK Speciality Steels operations

Tata Steel signs pact with Liberty House Group for sale of UK Speciality Steels operations

Tata Steel on Monday clinched a pact with UK-based Liberty House Group that allows it to start exclusive talks for potential sale of its Speciality Steels business for an enterprise value of 100 million pounds subject to due diligence and corporate approvals.

Tata Steel to decide on future in UK in 4 weeks: Report

Tata Steel to decide on future in UK in 4 weeks: Report

Ratan Tata, who was appointed interim chairman of Tata Group after Cyrus Mistry's unceremonious exit recently, is keen to keep the UK steelworks part of the conglomerate and will make a decision in this regard within four weeks, a media report said on Friday.

Tata Steel says no change in European consolidation strategy

Tata Steel says no change in European consolidation strategy

Tata Steel today said it continues to pursue European consolidation strategy and is in talks with Thyssenkrupp AG for potential JV for European steel business, following purported disclosure from ousted chairman Cyrus Mistry that some group firms could face a potential writedown of USD 18 billion.

Tata Steel to resolve the pension dispute in UK

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

UK says still offers to take a stake in Port Talbot after Tata pauses sale

UK says still offers to take a stake in Port Talbot after Tata pauses sale

Britain said on Monday it could still take a stake in Tata Steel's largest assets, including the Port Talbot plant, or offer loans in order to find a buyer after the Indian steelmaker said it was pausing the sale.

Liberty to bid for Tata Steel units, Port Talbot sale on ice: Source

Liberty to bid for Tata Steel units, Port Talbot sale on ice: Source

Liberty House Group plans to bid for two units of Tata Steel`s British business - specialty steels and pipeline tubes - which operate independently of its Port Talbot plant and related assets that were put up for sale earlier this year, an industry source told Reuters. 

Tata Steel close to deal to keep UK business: Reports

Tata Steel close to deal to keep UK business: Reports

London:Tata Steel is believed to be close to striking a deal with the UK government to keep its British steelworks rather than sell it off, which would secure the future of 11,000 workers, UK media reports said on Friday.

Tata Steel UK completes sale of long products biz to Greybull

Tata Steel UK completes sale of long products biz to Greybull

New Delhi: Tata Steel on Wednesday said it has completed sale of its European long steel business, including the giant Scunthorpe plant, to Greybull Capital LLP.

Tata Steel says yet to shortlist bidder for UK plant

Tata Steel says yet to shortlist bidder for UK plant

Earlier this month, Tata Steel Europne announced that it had received seven expressions of interest to acquire the firm's UK ailing business.

UK talking 'intensively' with Tata Steel: David Cameron

UK talking 'intensively' with Tata Steel: David Cameron

The British government is "talking intensively" with Tata Steel and will work with it to create a shortlist of "serious" buyers of the Indian steel giant's loss making units in the UK, Prime Minister David Cameron has said.

Tata Steek UK gets two formal bids: Know who they are!

Tata Steek UK gets two formal bids: Know who they are!

A day after India-born businessman Sanjeev Gupta's Liberty House Group announced it had officially submitted its letter of Intent to acquire Tata Steek UK plant, another team has emerged with a bid to buy the loss-making assets.

India-born Sanjeev Gupta's Liberty House Group submits bid for Tata Steel UK

India-born Sanjeev Gupta's Liberty House Group submits bid for Tata Steel UK

Metals group Liberty House confirmed on Tuesday it had formally submitted a letter of intent to buy the British assets of Tata Steel.

UK government to buy 25% stake in Tata Steel

UK government to buy 25% stake in Tata Steel

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Tata Steel UK staff to bid for Welsh business

Tata Steel UK staff to bid for Welsh business

Tata Steel UK's senior staff are believed to be finalising plans to bid for a management buyout of the Indian group's troubled Welsh steelworks.

Tata Steel appoints StanChart for UK unit sale

Tata Steel Europe said on Monday it had asked Standard Chartered to work as an adviser alongside KPMG to look for interested buyers. The bank has links with Tata Group in India and is expected to be tasked with finding possible suitors in Asia, especially among Chinese steel producers.

Tata Steel reaches out to 190 parties for sale of UK assets

Tata Steel reaches out to 190 parties for sale of UK assets

Tata Steel Monday said it has reached out to 190 potential financial and industrial investors for selling its UK assets, while appointing Standard Chartered Bank as an additional advisor to scout for buyers in Asia and the Far East.

UK govt prevented immediate closure of Tata Steel's Wales unit

The UK government has secured a "reprieve" from Tata Steel to save thousands of jobs at its loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid told the Parliament Tuesday.

Tata Steel shares down 4% as co starts sale of UK biz

Tata Steel shares down 4% as co starts sale of UK biz

Shares of Tata Steel fell by almost 4 percent, a day after the company kickstarted the sale of its cash-guzzling UK arm with divestment of Long Products Europe business to investment firm Greybull Capital for a nominal amount of 1 pound.

UK government may co-invest to save Tata Steel's Welsh unit

The UK government may decide to co- invest with a steel buyer to help save thousands of jobs at Tata Steel's loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid said Monday.