Company News - Tata Steel [more headlines]

What the Tata Steel write-off reveals
Wed, 22 May 2013 19:51:00 +0100
In 2007, Tata Steel created history of sorts by acquiring Anglo-Dutch steel maker Corus (now Tata Steel Europe) in a $13-billion deal. It was the biggest foreign acquisition by an Indian company ever. Its merits were there for all to see.


Tata Steel profit may lag estimates - StarMine
Mon, 20 May 2013 06:44:33 +0100
Reuters Market Eye - Tata Steel Ltd(TISC.NS) may miss January-March profit consensus forecasts when it reports results on Thursday, according to Thomson Reuters StarMine data. StarMine's SmartEstimates, ...


Unions to push Tata Steel for talks on future
Sat, 18 May 2013 00:40:03 +0100
Since 2007, the market has dropped by almost 30 per cent. It was in April 2007 when the Mumbai-based steelmaker paid a reported 6.4 billion for the former Corus business, which included the Scunthorpe works. A Tata Steel spokesman said slow growth in the ...


Tata Steel favours EU funds to soften impact of plant closures - ...
Fri, 17 May 2013 19:21:33 +0100
This is Scunthorpe - The regional head of Tata Steel, which has more than half of its production in Europe, in the UK and the Netherlands, also expressed his concerns about unattainable targets the EU was imposing on the steel industry for cuts in carbon emissions. Should ...


Tata Steel favours EU funds to soften impact of plant closures
Fri, 17 May 2013 19:09:52 +0100
BRUSSELS (Reuters) - Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, regional chief executive Karl-Ulrich Khler ...


Goodwill hunting
Thu, 16 May 2013 22:51:11 +0100
Hewlett-Packards $18 billion write-off in 2012 was a repudiation of a decade of mistakes, including the 2011 takeover of Autonomy, a software firm, but also of Compaq, a rival hardware maker, way back in 2002. Rio Tinto, a mining giant, booked a $14 ...


Tata Steel in US$1.6b asset write-down
Tue, 14 May 2013 18:31:26 +0100
NEW DELHI: Tata Steel announced a US$1.6 billion (RM4.78 billion) asset write-down on Monday, blaming slumping demand in its main European market.


Tata Steel makes 1bn writedown
Tue, 14 May 2013 17:58:52 +0100
Fresh fears over the future of steel jobs were raised after India's Tata Steel, which operates in Rotherham and Scunthorpe, wiped 1 billion from the value of its European operations.


Tata Steel $1.6 bn writedown sparks investor worries
Tue, 14 May 2013 17:42:27 +0100
The Tata Steel France Rail plant in the French northeastern town of Hayange, on September 29, 2011. Shares of India's Tata Steel, one of the world's leading steel producers, fell nearly three percent on ...


Steel jobs 'in no immediate danger'
Tue, 14 May 2013 15:00:45 +0100
What does drop in Tata Steel's value mean for jobs in Wales


Tata Steel Limited : Joda East Iron Mine Bags Mining Innovation Award ...
Tue, 14 May 2013 13:36:00 +0100
Joda East Iron Mine (JEIM) of Tata Steel received the Mining Innovation Award 2012 for introduction and adoption of innovative systems with efficient techniques, and sustainable development for optimal iron ore mining. Mr R R Satpathy, Chief,Joda ...


Tata Steel Writedown Sparks Jobs Fears
Tue, 14 May 2013 12:35:30 +0100
India's Tata Steel has wiped 1bn from the value of its European operations, sparking fresh fears over the future for steel manufacturing jobs in the UK.


Fears for UK jobs as Tata Steel wipes 1bn from value of Europe ...
Tue, 14 May 2013 11:37:20 +0100
Fresh fears over the future of UK steel jobs were raised today after India's Tata Steel wiped 1 billion from the value of its European operations.


Tata Steel writedown sparks fund-raising worries
Tue, 14 May 2013 09:37:26 +0100
By Prashant Mehra and Umesh Desai MUMBAI/HONG KONG (Reuters) - Shares in Tata Steel(TISC.NS) recovered from early losses on Tuesday, after the company booked a heavy impairment charge, amid concerns that ...


Tata Steel reveals $1.6bn writedown - Financial Times
Tue, 14 May 2013 05:39:19 +0100
Business Standard - “Tata Steel has kept faith with the steel industry in Britain and particularly in Port Talbot. It is critically important to the region,” he said. The Indian group's decision follows an even larger €3.6bn writedown taken by German steelmaker ...