Page 27 - Tata Steel

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Tata Steel to absorb 7 group companies, simplify holding structure

'Move would also drive synergies' and increase value for shareholders, says company

Investors poorer by Rs 5 trn as Sensex tanks 1,021 pts; Nifty near 17,300

CLOSING BELL: ith this, the indices have yet again turned negative for calendar year 2022. During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points

Five Tata Group stocks eye up to 25% upside; Tata Chemicals top pick

Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.

Tata Steel rallies 4%, shares of subsidiaries fall up to 9% on merger plan

Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.

Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod

Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.

Adani Group to foray into steel sector, eyes RINL bidding in January 2023

After an entry into the cement sector by acquiring Ambuja Cement and ACC, Adani Group is now eyeing the steel sector with a focus on green energy

Govt receives 75 applications under PLI scheme for specialty steel

The government has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official. Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said. "A significant number of applications have been received. There around 75 applications," the official said. However, no proposal has been received from any foreign entity, according to the official. After shortlisting the proposals, the government will come out with a final list which would take around 35-40 days, the official said. The government had set the final deadline on September 15 after several extensions for receiving proposals from manufacturers for benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. The Union Cabinet in July last year approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in India. The move is expected to attract an additi

Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info

Stocks to Watch: Investors Gray Birch, Plenty PE & Multiples PE may sell up to 7.74 per cent stake in PVR today in a price range of Rs 1,852-1,929/share, as per reports

Stocks to Watch: Reliance, ONGC, Tata Steel, Oil India, Anupam Rasayan

ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal

India Inc is beginning to take baby steps towards LGBTQ+ inclusion

Tata Steel, Godrej Consumer Products among those ushering in change

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Netherlands: Tata Steel to invest over 65 mn euros for hydrogen-based mfg

Tata Steel on Tuesday said it will invest more than 65 million euros for hydrogen-based steel manufacturing in the Netherlands. Hydrogen has the potential to decarbonise steel manufacturing. Tata Steel has inked pacts with three firms -- McDermott, Danieli and Hatch -- for the further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden. All three companies have their own specific proficiency that is needed together to assist Tata Steel in hydrogen-based steel manufacturing. "The cost for this first development step is in excess of 65 million euros and will result in an engineering package that forms the basis for a final permitting and project planning," the company said in a statement. The overall project is led by the Tata Steel internal project and sustainability team, with close support from the main delivery partners. McDermott is responsible for the construction input and support of the technical project management. Danieli will over

Tata Steel infuses around Rs 54 cr in TSML via additional shares

The funds will be used by TSML to meet capital expenditure requirements, a regulatory filing said.

TATA AIA Life announces record annual bonus of Rs 861 cr for policyholders

TATA AIA Life Announces Record Annual Bonus of INR 861 crores for its policyholders

Tata Steel, Vedanta look strong on charts, may resist China slowdown woes

Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.

TATA Steel PGTI Players Championship returns to Coimbatore after 8 years

The TATA Steel PGTI Players Championship 2022 return to the city after 8 years with the likes of Khalin Joshi, Manu Gandas, Shamim Khan and defending champion K Prabagaran leading the list of entries.

Tata Steel Europe: A tale of 2 plants and their transition to green future

Both the Netherlands and UK facilities have turned around but the transition to a green steel future may differ

Tata Steel to roll out 'First in India' seating system for Vande Bharat

Tata Group is planning to spend Rs 3,000 crore on R&D by FY26 and set to roll out the 'First in India' seating system for Vande Bharat Express trains from September 2022, a top official has said. The steel-to-salt conglomerate is also targeting to be among the top 5 technology firms in the steel industry globally by 2030. Tata Steel's Composites division bagged a Rs 145 crore bulk order for seating systems of the Vande Bharat express that includes the supply of complete seating systems for 22 train sets, with 16 coaches in each train set. "These are specially designed seats, which can rotate 180 degrees and have aircraft-style passenger amenities. This is first-in-India' kind of a supply, which will be executed over 12 months starting September 2022," Debashish Bhattacharjee, Vice President, Technology & New Materials Business, Tata Steel, told PTI. "Composites industry in India is dominated by institutional businesses and is largely dependent on infrastructure, industrial and

Tata Steel jumps 5% after turning ex-date for 1:10 stock split

The company had fixed Friday, July 29, 2022 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split from Rs 10 to Re 1.