Industrial conglomerate Tata Sons on Saturday said that it will acquire the entire stake of Tata Steel held in Tata Motors on or after June 23. According to a BSE filing, Tata Sons will acquire 83,637,697 ordinary shares or 2.85 per cent stake in Tata Motors owned by Tata Steel. The automobile major's scrip had...
June 17, 2017India is seen as a "bright spot" for the global steel production growth on account of the government's push to augment capacity and demand from the construction, automotive and infra sectors, says a report. The firms like SAIL and Tata Steel are expected to drive the steel output growth, according to the report by BMI...
June 8, 2017Arunima Sinha, a former national level volleyball and football player is now the world's first female amputee and first Indian amputee to climb the Mount Everest. 29 year old Arunima lost her one leg in a tragic incident in 2011 while she was going from Lucknow to Delhi, when few thieves pushed her on the...
May 20, 2017Tata Steel's former Managing Director JJ Irani on Friday said acquisition of Britain-based steel major Corus by the Indian steel producer was an "aspirational mistake". On the recent spat between Ratan Tata and Cyrus Mistry, he said the former had never interfered in the board's decision. "Acquisition of Corus was a mistake. Not an intentional...
April 22, 2017Amid weak economic data and lower opening of European markets, domestic benchmark indices closed Thursday’s trading session with declines. The BSE Sensex closed 182 points or 0.61 per cent down at 29,461 while the NSE Nifty ended 53 points or 0.57 per cent lower at 9,151. However, broader markets closed in the positive zone. BSE...
April 13, 2017Tracking mixed Asian markets, domestic benchmark indices closed Wednesday’s trading session on a lower note. The BSE Sensex closed 145 points or 0.49 per cent down at 29,643 while the NSE Nifty ended 34 points or 0.36 per cent lower at 9,203. In the broader markets, BSE Midcap and Smallcap indices declined 0.2 per cent...
April 12, 2017Tracking negative global cues, domestic equity markets closed Monday’s trading session in the negative zone with metal shares declining the most. The Sensex at the BSE closed 184 points or 0.63 per cent down at 29,237 and the Nifty at the NSE ended 63 points or 0.69 per cent lower at 9,045. In the broader...
March 27, 2017Tracking negative global cues, domestic equity markets closed Monday’s trading session in the negative zone with metal shares declining the most. The Sensex at the BSE closed 184 points or 0.63 per cent down at 29,237 and the Nifty at the NSE ended 63 points or 0.69 per cent lower at 9,045. In the broader...
March 27, 2017Domestic equity markets touched all-time high in the first half of trade on Thursday following positive global markets after the US Federal Reserve raised interest rates by 25 bps signaling gradual rate hike in future. The broader Nifty hit fresh record high of 9152, surpassing 9,122 levels reached on March 14, post BJP's UP election...
March 16, 2017Tracking mixed Asian and European equity markets, domestic bourses closed Tuesday’s volatile trading session on a marginally lower note. The Sensex at the Bombay Stock Exchange (BSE) ended 49 points down at 29,000 and the Nifty at the National Stock Exchange (NSE) closed 17 points lower at 8,947. However, in the broader markets, BSE Midcap...
March 7, 2017Extending gains for third-straight session amid positive global cues, domestic equity markets started Wednesday’s trading session on a higher note. At 9.45 am, the Sensex at the BSE was trading 126 points higher at 27,501 and the Nifty at the NSE was trading 39 point up at 8,515. In the broader markets, BSE Midcap and Smallcap...
January 25, 2017About 3,200 enthusiasts took part in Tata Steel Bhubaneswar Half Marathon here on Sunday. The half marathon was organised by the steel major in association with Odisha Sports and Youth Services Department. The winners of the half marathon which covered a distance of 21.1 km, were felicitated by Tourism Minister Ashok Panda and other dignitaries....
January 8, 2017