|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||760.10 - 782.75|
|52 Week Range||428.00 - 782.75|
|PE Ratio (TTM)||16.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Reuters) - Indian shares rose on Thursday as state-run lenders rallied late in the session after the government sought approval from parliament to inject 800 billion rupees ($12.62 billion) into the sector ...
Tata Steel Limited (NSEI:TATASTEEL) is trading with a trailing P/E of 58.9x, which is higher than the industry average of 22.9x. Although some investors may jump to the conclusion thatRead More...
Tata Steel Ltd. has sounded out banks about raising the equivalent of $5.1 billion through loan facilities and a bond issue to help refinance debt, according to people familiar with the matter.
A pensions scandal involving Port Talbot steelworkers’ defined benefit schemes that has been described as akin to the “Grenfell Towers” of South Wales by a campaign group, which lobbies the finance industry. It comes after some IFAs and pension providers appear to have behaved in predatory manner.
Thyssenkrupp could halve its stake in a planned European steel joint venture with Tata Steel if they list it on the stock market by end-2024, a board member of the German industrial group said on Friday. The two have committed to holding equal stakes for the first six years of the company's existence, Thyssenkrupp personnel chief Oliver Burkhard told journalists on a call. In case of a stock market listing, they are to retain at least a 50.1 percent stake, he said, meaning Thyssenkrupp could reduce its stake to 25.05 percent.
DUESSELDORF/FRANKFURT (Reuters) - Workers on Thursday struck a deal with German industrial company Thyssenkrupp to secure steel plants and jobs, a big step towards a planned merger of the group's European steel business with that of India's Tata Steel. The deal removes a major obstacle to the merger, planned for next year, which will create Europe's second-largest steel group after ArcelorMittal and continue Thyssenkrupp's efforts to transform itself into a more technology-focused company. The workers' approval for the deal, first announced in September, is seen as key to getting the deal done and shows Thyssenkrupp's commitment to seek workers' consent for far-reaching structural changes.
German engineering and steel group Thyssenkrupp said it was possible that the planned steel joint venture with Tata Steel could be listed on the stock exchange within the next six years. "Thyssenkrupp will hold an interest in the joint venture for at least six years. At the same time a change to the shareholder structure, possibly as the result of an IPO, is not ruled out during this period," the group said on Thursday.
Surging steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers for more than $26 billion of the sector’s most-coveted assets.
Today we’re going to take a look at the well-established Tata Steel Limited (NSEI:TATASTEEL). The company’s stock saw a decent share price growth in the teens level on the NSEIRead More...
(Reuters) - India's Tata Steel Ltd has approved a rights issue to raise up to 128 billion rupees ($2 billion) to fund capacity expansion at a plant in the eastern state of Odisha, and to cut debt. The ...
Tata Steel Ltd. plans to raise as much as 128 billion rupees ($2 billion) in a rights offer to help add capacity in India, where demand for the alloy is forecast to almost triple by the end of the next ...
The deal will give the Sajjan Jindal-controlled steel giant access to a 4 million tonne per annum (mtpa) pellet plant and a 4.7 mtpa iron ore beneficiation plant in the eastern state of Odisha, and a 230 kilometres long pipeline connecting both, where the group has been trying to get a foothold for a long time. Tata Steel terminated an agreement with Aryan Mining in October to acquire the eastern India-based Brahmani in the absence of regulatory approvals.
Thyssenkrupp (TKAG.DE) has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel (TISC.NS) to merge their European steel operations, several people close to labour union IG Metall said. German industrial group Thyssenkrupp and India's Tata Steel agreed in September to merge their European steel operations, creating the continent's second largest steelmaker with revenues of 15 billion euros (13.22 billion pounds).
Thyssenkrupp (TKAG.DE) has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel (TISC.NS) to merge their European steel operations, several people close to labor union IG Metall said. German industrial group Thyssenkrupp and India's Tata Steel agreed in September to merge their European steel operations, creating the continent's second largest steelmaker with revenues of 15 billion euros ($17.7 billion).
Thyssenkrupp (TKAG.DE) is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel (TISC.NS) to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo. "We are prepared to make wide-ranging commitments on the topics that are most important to our employees," the paper quoted Thyssenkrupp personnel chief Oliver Burkhard as telling managers in the memo.
Germany’s biggest union has given Thyssenkrupp AG until Dec. 22 to guarantee jobs and investments before the labor group will give its blessing to a joint venture with Tata Steel Ltd.
German labour union IG Metall has given Thyssenkrupp until Dec. 22 to agree guarantees on jobs, plants and investment if the company is to get the union's backing for its deal with Tata Steel to merge their European steel operations. The deadline puts further pressure on Thyssenkrupp Chief Executive Heinrich Hiesinger, who has said he wants the approval of shop stewards for the plan to merge the group's European steel business with that of India's Tata Steel. Hiesinger, in the job since 2011, is trying to transform Thyssenkrupp into a technology group focused on car parts and elevators and workers say the company is shirking its responsibilities towards them by hiving off the steel business.
Titan Co., an Indian maker of branded jewelry and premium watches, has overtaken Tata Steel Ltd. to become the third most-valuable firm in the Tata conglomerate. Strong second-quarter results and tailwinds ...
Labour representatives have piled pressure on Thyssenkrupp in talks over the group's planned European steel joint venture with India's Tata Steel, saying they remained concerned over jobs and plants. Thyssenkrupp and Tata Steel in September announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. Earlier this month, IG Metall, Germany's largest trade union called on management to provide guarantees for jobs, plants and future investments and has requested an independent review over whether the joint venture will be able to survive on its own.
IG Metall, Germany's largest trade union called on Thyssenkrupp's (TKAG.DE) management to provide guarantees for jobs, plants and future investments in relation to a planned European steel tie-up with Tata Steel (TISC.NS). In an information leaflet seen by Reuters, IG Metall said management had failed to address employees' concerns about their future once the joint venture goes ahead next year. Under these circumstances we cannot approve of this joint venture," IG Metall said, adding it expected management to respond to its demands by Nov. 10.
REUTERS - Tata Steel Ltd (TISC.NS) has promoted T.V. Narendran as chief executive officer and managing director globally, the company said on Tuesday. Narendran, 52, a company veteran who joined the Tata ...
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(Reuters) - India's Tata Steel Ltd posted a Sept-quarter profit, boosted by strong volume growth following the ramp-up of its Kalinganagar plant in India. Consolidated quarterly total steel deliveries ...
Nov.23 -- Heinrich Heisinger, chief executive officer at Thyssenkrupp, discusses his growth outlook, a possible supply squeeze next year, their new deal with Tata Steel and the possible synergies with the company. He speaks on "Bloomberg Daybreak: Europe."