The corporate family ratings (CFRs) are opinions of a corporate group's ability to honour all of its financial obligations, according to Moody's. "Moody's Investors Service has upgraded Tata Steel's CFR to Ba2 from Ba3.
Growth in the Tata group’s market cap has beaten that of the Nifty, but several weak spots remain.
T S Global Minerals Holding Pte Ltd has on Monday concluded the divestment of its entire stake in Black Ginger
TS Global Minerals Holding Pte Ltd, an indirect wholly owned subsidiary of Tata Steel, had entered into a pact with IMR Asia Holding Pte Ltd to divest its entire stake in Black Ginger.
While the details are not yet available, the deal would also be looked from the perspective of immediate scalability, working capital, synergy benefits and adjoining land bank
Tata Steel has a bearish dark cloud cover pattern on a falling trendline. A double signal to short the stock
The steel joint venture is a key part of Thyssenkrupp's transformation plan, which also includes a planned spin-off of its elevator, car parts and plant engineering units to form a separately listed entity.
On its part, the company has also been making efforts to simplify and explain the earnings nuances to analysts through multiple presentations.
Jha was also an Executive Director on the Board of Tata Steel Europe, and a member of the Executive Committee
Prabhudas Lilladher is bullish on Tata Steel has recommended buy rating on the stock with a target price of Rs 780 in its research report dated February 11, 2019.
JP Morgan maintained overweight call on Tata Steel post Q3 results but reduced its target to Rs 880 from Rs 980 earlier
Tata Steel’s joint venture with Thyssenkrupp is a much anticipated event but it needs to clear the EU’s anti-trust hurdle. An update is due this week.
The revenue has risen 23 percent at Rs 41,219 crore versus Rs 33,446.6 crore that was posted by the company last year.
Steel producers have asked for a hike in import duties, to protect the domestic industry. Help may be at hand. Iron ore prices have been rising sharply, due to Vale’s regulatory issues. Eventually, steel prices will too, giving steel producers relief.
The top gainers from NSE included Zee Entertainment, Tech Mahindra, Tata Steel, Grasim Industries and Bajaj Finance while the top losers included Dr Reddy's Labs, Adani Ports, Bharti Airtel, IndusInd Bank and Titan Company.
The top gainers from NSE included Zee Entertainment, Titan Company, Dr Reddy's Labs, UPL and Bajaj Auto while the top losers included Bharti Infratel, Tata Motors, Coal India, Tata Steel and Indian Oil Corporation.
The top gainers from NSE included Titan Company, Eicher Motors, ONGC, Bajaj Auto and Reliance Industries while the top losers included Tata Steel, Hindalco Industries, YES Bank, HPCL and Bharti Airtel.
As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, the domestic steel giant Monday signed an agreement to sell 70 per cent stake each in its two Southeast Asian arms to the HBIS Group of China for around USD 480 million.
Vale's move comes after disaster struck after one of Vale's tailing dams in Brazil burst, killing at least 65 people with hundreds still missing.
The breadth of the market favoured the advances with 928 stocks advancing and 737 declining while 392 remained unchanged. On the BSE, 1183 stocks advanced, 1002 declined and 150 remained unchanged.
The life extension project of Blast Furnace 5, described by the Indian steel giant as the "biggest single investment" in its European operations in over five years, is seen as a critical part of its long-term strategy to strengthen its operations in the UK.
As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, Tata Steel Monday signed an agreement to sell 70 per cent stake each in its two Southeast Asian arms to the HBIS Group of China for around USD 480 million.
Tata Steel's profitability will improve after the sale of its South East Asian steel business, letting its management focus on the country that matters the most to its future—India.