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Security personnel stand guard outside Wistron Infocomm Manufacturing India Pvt Ltd, where a section of workers went on a rampage at its facility manufacturing Apple iPhones and other products over non-payment of promised wage, at Narasapura area in Bengaluru, Sunday, Dec. 13, 2020.(PTI)

Industry captains welcome hike in public spending

By Ishita Guha
PUBLISHED ON FEB 02, 2021 12:33 AM IST
“The government, through the budget, has clearly indicated that it is willing to spend to stimulate growth even if it means higher fiscal deficit,” said Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank Ltd.
Responding to a query from Mint, a Tata Steel spokesperson said, “Tata Steel confirms that discussions with SSAB are currently ongoing. We will disclose any further update only when it is appropriate to do so.”(Bloomberg Photo)
Responding to a query from Mint, a Tata Steel spokesperson said, “Tata Steel confirms that discussions with SSAB are currently ongoing. We will disclose any further update only when it is appropriate to do so.”(Bloomberg Photo)

Tata Steel’s plan to offload Dutch ops hits a roadblock

By Tanya Thomas, Deborshi Chaki, Livemint, Mumbai
UPDATED ON JAN 25, 2021 05:28 AM IST
In November, Tata Steel said it had begun talks with SSAB Sweden to sell its profitable division in the Netherlands where its IJmuiden plant has about 7.5 million tonnes of annual steel-making capacity.
He showed immense strength and courage when he stood unarmed and alone outside the Taj Hotel during the 26/11 terror attacks and coordinated the activities to help the victims. He also personally visited the families of all the 80 employees who were killed or injured during the attack in 2008.(Pradeep Gaur/ Mint)
He showed immense strength and courage when he stood unarmed and alone outside the Taj Hotel during the 26/11 terror attacks and coordinated the activities to help the victims. He also personally visited the families of all the 80 employees who were killed or injured during the attack in 2008.(Pradeep Gaur/ Mint)

Ratan Tata turns 83. Here is what the businessman is known for

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Nilavro Ghosh
PUBLISHED ON DEC 28, 2020 05:02 PM IST
Under his leadership, Tata Sons’ revenue grew over 40 times and profit over 50 times. He was instrumental in the business’ expansion and conceptualisation of popular cars like the Tata Nano and the Tata Indica.
Ratan Tata(Mohit Suneja)
Ratan Tata(Mohit Suneja)

Ratan Tata: Doyen of industry, leading philanthropist

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 21, 2020 08:15 PM IST
RATAN NAVAL TATA: This Tata Group ex-chairman was instrumental in the key acquisitions of Tetley, Jaguar Land Rover & Corus, that built a global brand. He is a Padma Bhushan & Padma Vibhushan awardee.

Sensex surges 224 points to finish at record peak; Nifty tops 13,700

Mumbai | By Press Trust of India | Posted by Arpan Rai
PUBLISHED ON DEC 17, 2020 04:04 PM IST
After touching its lifetime intra-day high of 46,992.57, the 30-share BSE index settled 223.88 points or 0.48 per cent higher at 46,890.34.
Former Tata Sons chairman Cyrus Mistry (left) and chairman emeritus Ratan Tata. Photo: PTI
Former Tata Sons chairman Cyrus Mistry (left) and chairman emeritus Ratan Tata. Photo: PTI

Tata rejects Mistry’s share-swap exit plan

Livemint | By Japnam Bindra, Deborshi Chaki
UPDATED ON DEC 11, 2020 07:20 AM IST
Conglomerate terms the separation plan as nonsense
The company is committed to deploy proceeds of any strategic restructuring towards additional deleveraging of the balance sheet(Reuters)
The company is committed to deploy proceeds of any strategic restructuring towards additional deleveraging of the balance sheet(Reuters)

Tata Steel in talks with SSAB to sell Dutch unit

Livemint, Mumbai | By Tanya Thomas
UPDATED ON NOV 14, 2020 07:05 AM IST
This leaves the UK operations, headquartered in Port Talbot in southern Wales, at the mercy of a UK government bailout
A Memorandum of Settlement was signed on Monday between the management of Tata Steel and Tata Workers’ Union (TWU) for the payment of the annual bonus, Tata Steel said in a statement.(File photo for representation)
A Memorandum of Settlement was signed on Monday between the management of Tata Steel and Tata Workers’ Union (TWU) for the payment of the annual bonus, Tata Steel said in a statement.(File photo for representation)

Tata Steel announces Rs 235-cr bonus payout to employees for 2019-20

New Delhi | By Press Trust of India
UPDATED ON SEP 14, 2020 10:39 PM IST
Tata Steel on Monday said it will pay Rs 235.54 crore in bonus to its employees for FY 2019-20.
In the previous session, the Sensex closed at 38,220.39, down 394.40 points or 1.02 per cent, while the broader Nifty slumped 96.20 points or 0.84 per cent to finish at 11,312.20.(REUTERS)
In the previous session, the Sensex closed at 38,220.39, down 394.40 points or 1.02 per cent, while the broader Nifty slumped 96.20 points or 0.84 per cent to finish at 11,312.20.(REUTERS)

Sensex rallies over 300 points in early trade; Nifty tops 11,400

Mumbai | By Press Trust of India| posted by Susmita Pakrasi
PUBLISHED ON AUG 21, 2020 10:55 AM IST
The BSE Sensex was trading 330.76 points or 0.87 per cent higher at 38,551.15; while NSE Nifty was up 98.05 points or 0.87 per cent at 11,410.25.
SBI was the top gainer in the Sensex pack, rising around 2 per cent, followed by L&T, M&M, ICICI Bank, Sun Pharma, Axis Bank, ITC and Bajaj Auto.(AP)
SBI was the top gainer in the Sensex pack, rising around 2 per cent, followed by L&T, M&M, ICICI Bank, Sun Pharma, Axis Bank, ITC and Bajaj Auto.(AP)

Sensex jumps over 200 points in early trade; Nifty tests 11,450

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 19, 2020 10:00 AM IST
The BSE Sensex was trading 217.77 points or 0.57 per cent higher at 38,746.09; while NSE Nifty was up 63.60 points or 0.56 per cent at 11,448.95.
Author and activist Parmesh Shahani has penned anecdotes and highlighted milestones for the LGBTQIA+ community in his second book.
Author and activist Parmesh Shahani has penned anecdotes and highlighted milestones for the LGBTQIA+ community in his second book.

Coming out stronger: Parmesh Shahani releases his second book, Queeristan

Hindustan Times | By Karishma Kuenzang
UPDATED ON AUG 16, 2020 11:03 AM IST
In his second book, Parmesh Shahani embraces LGBTQIA+ inclusion in the corporate world with stories and solutions.
The central bank opted for a status quo and left interest rates unchanged at the latest monetary policy meet.(PTI)
The central bank opted for a status quo and left interest rates unchanged at the latest monetary policy meet.(PTI)

Sensex rallies over 500 points after RBI policy outcome; Nifty tops 11,200

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 06, 2020 01:57 PM IST
Tata Steel was the top gainer in the 30-share Sensex pack, rising around 2 per cent, followed by HDFC Bank, Bajaj Finance, HCL Tech, Infosys, Kotak Bank, TCS and Reliance Industries.
The dedicated Covid-19 hospital of BCCL has a capacity of 100 beds, which, however, got overcrowded with a total of 104 patients at the hospital till Thursday .(Twitter)
The dedicated Covid-19 hospital of BCCL has a capacity of 100 beds, which, however, got overcrowded with a total of 104 patients at the hospital till Thursday .(Twitter)

Crisis at Dhanbad’s Covid-19 hospital as doctors skip duty

Hindustan Times, Ranchi | By Subhash Mishra
UPDATED ON JUL 11, 2020 12:29 PM IST
Covid-19 hospital nodal officer cum senior medical officer of the district’s health department Dr Alok Viswakarma admitted that doctors of the BCCL Central Hospital did not report for duty in the first shift, which starts from 6am.
May 18, 2015 - Kolkata, India : Commercial Head Office building of Tata Steel in Kolkata. Photographed by(Indranil Bhoumik/Mint)
May 18, 2015 - Kolkata, India : Commercial Head Office building of Tata Steel in Kolkata. Photographed by(Indranil Bhoumik/Mint)

Workers divided into ‘Pod’ at Jamshedpur Tata Steel

Hindustan Times, Ranchi | By HT Correspondent
UPDATED ON JUL 09, 2020 12:14 PM IST
Pod concept is modularization of the workforce into pods. The idea is to divide the staff seating arrangement into small units, called pods, thereby restricting inter-pod movement.
After opening at 33,371.52, the 30-share index turned choppy to trade 52.46 points, or 0.16 per cent, lower at 33,455.46.(PTI)
After opening at 33,371.52, the 30-share index turned choppy to trade 52.46 points, or 0.16 per cent, lower at 33,455.46.(PTI)

Sensex, Nifty open on tepid note; financial stocks drag

Mumbai | By Press Trust of India | Posted by Jasra Afreen
UPDATED ON JUN 18, 2020 11:09 AM IST
Equity benchmark Sensex dropped over 100 points in early trade on Thursday tracking weakness in index-heavyweights ICICI Bank, HDFC Bank and TCS amid muted cues from global markets and unabated foreign fund outflows.
Import of coal in May stood at 18.93 MT (provisional) as compared to 17.09 MT (revised) in April 2020, mjunction said.(HT file photo. Representative image)
Import of coal in May stood at 18.93 MT (provisional) as compared to 17.09 MT (revised) in April 2020, mjunction said.(HT file photo. Representative image)

Coal import drops by 20% to nearly 19 million tonnes in May, says report

New Delhi | By Press Trust of India| Posted by: Harshit Sabarwal
PUBLISHED ON JUN 07, 2020 02:39 PM IST
The government is planning to bring the country’s ‘avoidable coal imports’ to zero by 2023-24. Demand for coal import is expected to remain subdued in the short-term given the high coal stock levels in pithead and power plants, according to mjunction.
Likewise, Tata Steel has struggled to maintain production levels, with capacity utilisation at its mills falling to less than half in the first month of the lockdown and is seeking a government bailout for its European operations.(AFP)
Likewise, Tata Steel has struggled to maintain production levels, with capacity utilisation at its mills falling to less than half in the first month of the lockdown and is seeking a government bailout for its European operations.(AFP)

Tatas scrap asset sale plan to shore up funds

Hindustan Times, Mumbai | By Jayshree P Upadhyay
PUBLISHED ON JUN 06, 2020 05:01 AM IST
The holding company of Tata group, in a statement on Friday, said it is well-capitalised and prepared to take on the challenges posed by the countrywide lockdown since March 25, which has brought economic activity to a near- standstill.
A Tata Steel sign is seen outside their plant in Scunthorpe northern England.(REUTERS)
A Tata Steel sign is seen outside their plant in Scunthorpe northern England.(REUTERS)

Tata Steel leaves Indian Steel Association

New Delhi | By Press Trust of India
UPDATED ON MAY 05, 2020 02:05 PM IST
An ISA President is elected for a period of two years.
Tata Steel has withdrawn its membership from the Indian Steel Association (ISA), a spokesperson said.(Bloomberg Photo)
Tata Steel has withdrawn its membership from the Indian Steel Association (ISA), a spokesperson said.(Bloomberg Photo)

Tata Steel CEO TV Narendran resigns as Indian Steel Association president

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON MAY 04, 2020 11:15 PM IST
An ISA official also confirmed the development of T V Narendran stepping down as the president of the association but said the reason for his resignation is not known yet.
According to traders, besides weak cues from global markets amid rising concerns over coronavirus outbreak beyond China, heavy foreign fund outflow too weighed on market sentiment here. (ANI photo)
According to traders, besides weak cues from global markets amid rising concerns over coronavirus outbreak beyond China, heavy foreign fund outflow too weighed on market sentiment here. (ANI photo)

Sensex tanks nearly 400 pts in opening session; Nifty near 11,700

Mumbai | By Press Trust of India
UPDATED ON FEB 26, 2020 09:53 AM IST
Top losers in the Sensex pack included Sun Pharma, Bharti Airtel, Tata Steel, Reliance Industries and HDFC shedding up to 2 per cent.
Market benchmark Sensex dropped over 150 points in morning session on Monday(Anshuman Poyrekar/HT Photo)
Market benchmark Sensex dropped over 150 points in morning session on Monday(Anshuman Poyrekar/HT Photo)

Sensex drops over 150 points; Nifty below 11,700

Mumbai | By Press Trust of India
UPDATED ON FEB 03, 2020 10:26 AM IST
After swinging over 300 points in early session, the 30-share BSE index was trading 125.45 points or 0.32 per cent lower at 39,610.08, and the broader NSE slipped 21.30 points, or 0.18 per cent, to 11,640.55.
A view of the stock prices displayed on a digital screen outside BSE building in Mumbai(PTI Photo)
A view of the stock prices displayed on a digital screen outside BSE building in Mumbai(PTI Photo)

Sensex drops over 70 points in early trade; Nifty below 12,200

Mumbai | By Press Trust of India
UPDATED ON JAN 24, 2020 09:54 AM IST
Top losers in the Sensex pack included PowerGrid, Kotak Bank, Infosys, TCS, Tata Steel and Bharti Airtel.
A view of the stock prices displayed on a digital screen outside BSE building in Mumbai.(PTI Photo)
A view of the stock prices displayed on a digital screen outside BSE building in Mumbai.(PTI Photo)

Sensex drops nearly 200 points; Nifty near 12,300 in early trade

Mumbai | By Press Trust of India
UPDATED ON JAN 15, 2020 11:13 AM IST
IndusInd Bank, Tata Steel, UltraTech Cement, SBI, Infosys, Axis Bank and ICICI Bank were the among the top losers in the Sensex pack, shedding up to 3 per cent.
Market benchmark BSE Sensex jumped over 250 points on Friday(REUTERS)
Market benchmark BSE Sensex jumped over 250 points on Friday(REUTERS)

Sensex rises over 250 points on strong global cues; Nifty above 12,000

Mumbai | By Press Trust of India
UPDATED ON DEC 13, 2019 09:59 AM IST
After rising 284 points in early session, the 30-share index was trading 244.04 points or 0.60 per cent higher at 40,825.75. Similarly, the broader Nifty was trading 66.20 points or 0.55 per cent up at 12,038.
Market benchmark BSE Sensex on Wednesday climbed 74 points backed by gains in select private bank, financial and metal stocks amid easing global crude prices.(REUTERS)
Market benchmark BSE Sensex on Wednesday climbed 74 points backed by gains in select private bank, financial and metal stocks amid easing global crude prices.(REUTERS)

Sensex gains 74 points in early trade as crude oil eases

Mumbai | By Press Trust of India
UPDATED ON DEC 11, 2019 10:38 AM IST
The 30-share index was trading 74.04 points or 0.18 per cent higher at 40,313.92 in morning trade. The broader Nifty was trading 29.50 points or 0.25 per cent up at 11,886.30.
Tata Steel on Monday said it has introduced a new human resource policy that enables its employees from the LGBTQ+ community to declare their partners and avail all HR benefits permissible under the law.(HT Photo)
Tata Steel on Monday said it has introduced a new human resource policy that enables its employees from the LGBTQ+ community to declare their partners and avail all HR benefits permissible under the law.(HT Photo)

Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits

Hindusatan Times, Jamshedpur | By Debashish Sarkar
UPDATED ON DEC 11, 2019 08:48 AM IST
With its vision to provide equal opportunity to the employees, it has been an endeavour of the company to create an enabling workforce for all diverse groups, respecting and embracing the differences in the individuals, the steel maker said in a statement.
The job cuts were announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry.(Bloomberg)
The job cuts were announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry.(Bloomberg)

Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off

London | By Press Trust of India
PUBLISHED ON NOV 28, 2019 01:33 PM IST
Tata Steel Europe has begun consultations with the European Works Council (EWC) on restructuring plans for its business, which would include up to 3,000 job losses - 1,000 of which will be in the UK.
The European steel industry has faced growing headwinds this year amid declining demand, slowing growth and the consistent threat from supplies from overseas(Bloomberg)
The European steel industry has faced growing headwinds this year amid declining demand, slowing growth and the consistent threat from supplies from overseas(Bloomberg)

Tata Steel plans to axe 3,000 jobs across Europe as crisis bites

Bloomberg | By Jake Lloyd-Smith
UPDATED ON NOV 19, 2019 06:46 AM IST
About two-thirds of the estimated reduction in staff would be office-based, or white-collar, positions, according to a statement. The company didn’t give a detailed breakdown of where the job losses would take place
Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge.(REUTERS)
Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge.(REUTERS)

Market turns jittery on weak macro data, global cues

Mumbai | By Press Trust of India
UPDATED ON NOV 14, 2019 10:16 AM IST
After opening on a positive note, the 30-share index turned choppy to trade 54.61 points, or 0.14 per cent, lower at 40,061.45.
The company was acquired by Tata Steel in May 2018 and was renamed Tata Steel BSL.(HT image)
The company was acquired by Tata Steel in May 2018 and was renamed Tata Steel BSL.(HT image)

Bhushan steel irregularities case: Singhals paid salary in cash, fudged invoices, says probe

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON OCT 10, 2019 04:49 AM IST
The Singhals are accused of diverting BSL money; SFIO arrested Neeraj in August and his father filed an anticipatory bail plea in the Delhi high court last month.
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