Page 36 - Tata Steel
Tata Steel announces Rs 270.28 crore annual bonus for 2020-21
Private steel major Tata Steel will pay a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible employees of all applicable division /units of the company, a release said. A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers' Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said. The total payout for eligible employees of all applicable divisions/ units of the company will be Rs 270.28 crore. Out of this, various divisions at Jamshedpur including Tubes, an amount of Rs 158.31 crore will be given. The minimum and maximum annual bonus payable will be Rs 34,920 and Rs 3,59,029 respectively. T V Narendran, CEO & MD, Atrayee Sanyal, Vice President (HRM) and other senior executives signed on management's behalf while Sanjeev Kumar Choudhary, president, Tata Workers Union, Shailesh Kumar Singh, deputy president, Tata Workers' Union, Satish Kumar Singh, general
 "Tata Steel announces Rs 270.28 crore annual bonus for 2020-21")
Amid commodity boom, equity funds increase allocation for metals in July
Top ten metal stocks bought by the equity funds in July included Tata Steel and Hindalco Industries
 "Amid commodity boom, equity funds increase allocation for metals in July")
Maximl eyes global expansion to 20 countries, plans to raise over $10 mn
Firm says it is India's first connected worker platform for deskless workers, has expanded the past two years; clientele includes Tata Steel, RIL, BPCL and HPCL
 "Maximl eyes global expansion to 20 countries, plans to raise over $10 mn")
Tata Steel interested in acquiring Vizag-based RINL: CEO T V Narendran
Domestic steel giant Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Limited (RINL), the company's Chief Executive Officer (CEO) and Managing Director T V Narendran said.
 "Tata Steel interested in acquiring Vizag-based RINL: CEO T V Narendran")
Tata Steel soars 5%, hits new record high post June quarter results
In the past six months, the stock has zoomed 120 per cent, as compared to a 6.8 per cent rise in the S&P BSE Sensex
Domestic flat steel prices unlikely to go up anytime soon: Tata Steel CEO
In an interview with Business Standard, T V Narendran talks about the company's thrust on exports in 2021-22 (FY22), Europe operations becoming self-sufficient, and the domestic demand scenario
 "Domestic flat steel prices unlikely to go up anytime soon: Tata Steel CEO")
Favourable commodity cycle should keep Tata Steel stock in demand
Most analysts remain bullish on the stock
Ambitious again? Tata group entering too many global giants' turfs all at once
With its unrelated new initiatives, the group will enter the turfs dominated by the likes of Intel, Samsung, Tesla, Huawei, Amazon and Walmart- all of which are more focused than it - writes T N Ninan
Sensex soars 593 pts, ends above 55,400; Nifty at 16,529; IT stocks dazzle
On the contrary, broader indices underperformed and ended mildly lower
 "Sensex soars 593 pts, ends above 55,400; Nifty at 16,529; IT stocks dazzle")
Stocks to watch: Tata Steel, Eicher Motors, Hero Moto, SpiceJet, Dish TV
NMDC posted an over six-fold jump in its consolidated net profit to Rs 3,191.30 crore in the first quarter ended June
 "Stocks to watch: Tata Steel, Eicher Motors, Hero Moto, SpiceJet, Dish TV")
Tata Steel Q1 consolidated PAT at Rs 8,907 cr vs loss of Rs 4,416 cr YoY
Led by strong steel prices, top line or total revenue from operations in the period under review stood at Rs 53,372 crore, up 108 per cent from the same period last year
Top headlines: Enfield CEO resigns; Tata Steel posts Rs 9,768-cr Q1 profit
Business Standard brings you the top headlines this evening
 "Top headlines: Enfield CEO resigns; Tata Steel posts Rs 9,768-cr Q1 profit")
Tata Steel reports Q1 profit at Rs 9,768 cr; sales more than double
Even though the demand is seen recovering in India, domestic steel prices continue to be at a steep discount to China import parity prices, says CEO Narendran
Benchmarks end at closing peak; Nifty tops 16,350; broader indices outrun
The Nifty IT index jumped 3 per cent and ended around record high levels of 32,245.
 "Benchmarks end at closing peak; Nifty tops 16,350; broader indices outrun")
Stocks to watch: Hero Moto, Tata Steel, Essar Shipping, Bajaj Finserv, Bata
State-owned Power Grid Corporation of India board has decided to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services
 "Stocks to watch: Hero Moto, Tata Steel, Essar Shipping, Bajaj Finserv, Bata")
Tata Steel BSL sets up UV oxidation plant to treat cyanide in wastewater
Tata Steel BSL set up the world's first ultraviolet oxidation plant in the industry at its facility in Odisha's Dhenkanal to treat cyanide in coke oven wastewater, a deadly pollutant, the company said
 "Tata Steel BSL sets up UV oxidation plant to treat cyanide in wastewater")
Top headlines: Govt buries retro tax; Cipla Q1 net profit rises 24%
Business Standard brings you the top headlines on Thursday
 "Top headlines: Govt buries retro tax; Cipla Q1 net profit rises 24%")
Ahead of Q1 results, Tata Steel rallies on rare double ratings upgrade
An improving balance sheet is aiding the bullish sentiment as Tata Steel joins scores of Indian corporates who are using record-low interest rates to trim their liabilities.
 "Ahead of Q1 results, Tata Steel rallies on rare double ratings upgrade")
Tata Steel BSL posts Rs 2,478-crore consolidated net profit for June qtr
Tata Steel BSL Ltd on Wednesday returned to the black, posting a consolidated net profit of Rs 2,478 crore in the quarter ended June 30.
S&P upgrades Tata Steel's long-term issuer rating to 'BB' from 'BB-'
The outlook on ratings is stable and reflects the view that the company can adequately deleverage to reduce volatility in credit metrics during industry downturns
 "S&P upgrades Tata Steel's long-term issuer rating to 'BB' from 'BB-'")