
Tata Steel warns UK biz may cease to continue as going concern
The dim outlook comes after Tata Steel assessed the potential impact of the economic downturn in Europe.
The dim outlook comes after Tata Steel assessed the potential impact of the economic downturn in Europe.
Tata Steel to raise ₹2,150 crore via NCDs, which will be the second bond sale in the last five months.
How Chairman N. Chandrasekaran is transforming the 154-year-old Group by re-imagining legacy businesses, seeding new-age firms and a $90 billion investment boost.
As India’s fast-growing economy determined to achieve ‘aatmanirbharta’ throws up new business opportunities, Tatas need to tap them to stay ahead of the curve.
The steel major posted a consolidated net loss of ₹2,223.84 crore for Q3 FY23, against a profit of ₹9,572.67 crore in the same quarter last year.
Indian steel companies face a bumpy road ahead as the external environment becomes more challenging due to elevated inflation, energy prices and rising interest rates.
Elite top 500 club of India Inc. records best-ever topline growth of 35% to ₹119 lakh cr and impressive 60% jump in profit to ₹9.97 lakh cr. Hyper-growth narrative may, however, change next year.
US-led dollar bloc uses policy tightening to hit back at commodity producers led by Russia. Indian economy feels the heat.
Shares of JSW Steel, Hindalco, Tata Steel, Jindal Steel & Power dropped up to 2% even after the government rolled back export duty on steel and iron ore products.
The EBITDA per tonne of steel companies declined primarily due to steep fall in steel prices