Tata Steel buys Usha Martin’s Steel division for Rs 6,600 crore. The business transfer agreement regarding the purchase is executed today. Tata Steel buys MTPA Plant, whether wire rope division stays with Usha Martin. Earlier five companies have shown interest in buying Usha Martin’s Steel business. JSW Steel, Tata Steel,[Read More…]
Tag: Tata Steel
Electrosteel takeover: Lenders validate eligibility of Vedanta, Tata Steel
Kolkata: In a battle for taking over insolvent Electrosteel Steels, lenders to the steel producer on Thursday decided to go ahead with Vedanta, rejecting objections raised by the Renaissance Steel on the eligibility of the former to bid for the debt-laden company. The Kolkata bench of the National Company Law Tribunal[Read More…]
Wipro, Tata Steel among 135 most ethical companies
New York: IT services and outsourcing provider Wipro Limited and Tata Steel Ltd are the two Indian firms that have been selected among 135 world’s most ethical companies for 2018 by the US-based think tank Ethisphere Institute. The 135 companies dedicated to “defining and advancing the standards of ethical business practices”[Read More…]
Kolkata hotel: At least two people charred to death in fire; 32 evacuated
A fire broke out at a hotel in south Kolkata, killing at least two people on Thursday. Many others got injured in the accident. The fire reminds the incident of December 2011 AMRI Hospital blaze that took lives of over 90. The deceased has been identified as Chamar Kishan and[Read More…]
Ratan Tata trying to save British Steel at the cost of Tata Steel: Nusli Wadia
Nusli Wadia criticized Ratan Tata for ‘destroying’ the tradition built by JRD Tata and working to protect British Steel in a letter to Tata Steel shareholders. Wadia also claimed that Tata Steel was set up by Tata Group founder Jamshetji Tata to fight British Steel. “Ratan Tata is trying to[Read More…]
Cyrus Mistry was out to destroy core values of company: Tata loyalists
After Monday’s abrupt removal of Cyrus Mistry as the chairman of Tata Sons, rumours have been afloat about the reason behind the removal. The Economic Times now claims to have unearthed the reason – On August 26, the Tata Sons board was expanded by inducting Piramal Enterprises Chairman Ajay Piramal[Read More…]