Cyrus Mistry‘s honeymoon is over. After barely three months in the hot seat, the 44-year-old chairman of the Tata group is already squaring up to the biggest challenge of his tenure.
Tata Steel, India's second largest private steel marker, has differed with state-run SAIL on the need for setting up an equipment manufacturing facility in the country saying enough capacity is lying outside to be sourced from.
As Budget 2012 approaches, Tata Steel’s managing director HM Nerurkar thinks it's time the government takes a serious note of the industry's concerns, reports CNBC-TV18’s Amrita Panja.
Rising input costs and pressure from European operations led to dismal quarter, says Tata Steel.
Domestic steel majors are expected to hike prices further in October on the back of a likely upswing in industrial and infrastructure construction activities, according to a CMIE report.
All major investment in the current fiscal will be made in Tata Steel's Jamshedpur plant as the rest of the other greenfield projects are not making any significant progress.
Tata Steel is resizing its European operations to ensure Corus is geared to handle any economic environment in Europe. CNBC-TV18's Sajeet Manghat and Ashwin Mohan report on the company's plans at home and abroad.