Net sales for the October-December quartet rose 15% to Rs. 329.64bn versus Rs. 286.06bn in the October-December quarter of FY11, Tata Steel said.
Shares of Tata Steel spurted on Friday despite announcing an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins.
Tata Steel reported a net loss of Rs. 6.87bn for its fiscal third quarter ended December, compared with a net profit of Rs. 9.49bn in the same period a year...Read Full Story
India's Tata Steel, the world's seventh-largest steelmaker, on Thursday announced a consolidated quarterly loss, from profit a year earlier, as raw material costs rose and demand from Europe weakened. The firm, which bought Anglo-Dutch company Corus for $13.7 billion in 2007, reported a net loss of 6.03 billion rupees ($120 million) for the three months to December, from a profit of 10.03 billion rupees a year earlier. The earnings -- the company's first quarterly loss in more than two years...Read Full Story
India's Tata Steel, the world's seventh-largest steelmaker, on Thursday announced a consolidated quarterly loss, from profit a year earlier, as raw material costs rose and demand from Europe weakened. The firm, which bought Anglo-Dutch company Corus for $13.7 billion in 2007, reported a net loss of 6.03 billion rupees ($120 million) for the three months to December, from a profit of 10.03 billion rupees a year earlier. The earnings -- the company's first quarterly loss in more than two years...Read Full Story
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If somebody discusses bribing a public servant - is that a private conversation, the Supreme Court Tuesday asked industrialist Ratan Tata while the government said that the versions published in the media of the controversial conversations of corporate lobbyist Niira Radia did not match the original tapes.
The court was informed by the government in a report given in a sealed cover in the course of the hearing...Read Full Story
New Delhi, Feb 2: Industrialist Ratan Tata Thursday urged the Supreme Court to direct the central government to provide him the confidential report on the leakage of corporate lobbyist Niira Radia's taped conversations. - Indiatalkies.comRead Full Story
"This is the first big step that the Indian industry has taken in the international marketplace and equipped itself as a global player. The underlying driver for the acquisition was that, if you are hungry for growth, you look at national and overseas boundaries." - Rata Tata, patriarch and chairman of the Tata Group
"The Corus acquisition fits in with Tata Steel's strategy of achieving global reach in Europe and synergies with low-cost intermediaries in India." - Tata Group spokesperson a press conference in Mumbai on Jan. 31
Tata Steel Ltd., India’s biggest producer, jumped the most in four weeks as prospects for higher alloy prices and lower input costs attracted investors undeterred by a loss from writing down inventory.
Feb. 10 (Bloomberg) -- Tata Steel Ltd., India’s biggest producer, jumped the most in more than a week as prospects for higher alloy prices and lower input costs attracted investors undeterred by a loss from writing down inventory. The Mumbai ...
In a chat with ET Now, Rajat Bose, rajatkbose.com, shares his views on Tata Steel. What is the call on Tata Steel? Tata Steel despite showing disappointing numbers if it is showing so much of traction, means the market has already that kind of a ...
Tata Steel earned 138 crore from sources other than its main business, the company said. Tata Steel Europe Chief Executive Officer Karl-Ulrich Koehler in November predicted a "difficult" third quarter. The European unit, which buys all the raw ...
Tata Steel Europe chief executive Karl-Ulrich Koehler's prediction of a difficult third quarter proved true yesterday as interim results for the Tata Steel Group worldwide showed it to have made a loss of £72m in the three month period compared to a ...
62,230 crore and the operating profit dipped 37.9 per cent to Rs.1,631 crore. Tata Steel Europe MD & CEO, Karl-Ulrich Kohler said, “The December quarter marked the height of the cyclical cost-price squeeze. Tata Steel was one of the first steel companies ...
Tata Steel Europe chief executive Karl-Ulrich Köhler said: "The December quarter marked the height of the cyclical cost-price squeeze." Managing director H.M. Nerurkar said he expects "demand for steel to improve on expectations of India's ...
Tata Steel is India's largest integrated private sector steel company. Established in 1907, its steel plant at Jamshedpur produces four million tonnes of hot and cold rolled flat and long products.
The company is backward integrated with owned iron ore mines and collieries. With its competitive advantage in raw materials, efficient operations and the benefits of a recently-completed $2.3 billion programme of modernisation, Tata Steel is among the lowest cost steel producers in the world.
The steel major has won the Prime Minister's Trophy four times. This award is instituted by the Indian ministry of steel and awarded to the country's best integrated steel plant. In 2000, it became the first Tata company to win the JRD Tata QV award, given to the company with 'world class' operations under the Group's Tata Business Excellence Model.