tata steel

Moody's upgrades Tata Steel's corporate family rating to Ba2

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.

Two years of Tata boss Chandrasekaran — Will the journey ahead be more exciting?

Growth in the Tata group’s market cap has beaten that of the Nifty, but several weak spots remain.

Tata Steel gains on divestment of stake in Black Ginger

T S Global Minerals Holding Pte Ltd has on Monday concluded the divestment of its entire stake in Black Ginger

Tata Steel sells indirect subsidiary 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.

First Cut | How costly is JSW Steel’s acquisition of Bhushan Power & Steel's assets?

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

Cash Market | A bearish pattern in Tata Steel

Tata Steel has a bearish dark cloud cover pattern on a falling trendline. A double signal to short the stock

Thyssenkrupp employees will not support Tata Steel JV at any price

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.

Why increasing business complications are eroding Tata Steel's predictability

On its part, the company has also been making efforts to simplify and explain the earnings nuances to analysts through multiple presentations.

Exclusive: Bimlendra Jha, CEO of Tata Steel UK, resigns

Jha was also an Executive Director on the Board of Tata Steel Europe, and a member of the Executive Committee

Buy Tata Steel; target of Rs 780: Prabhudas Lilladher

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.

Tata Steel Consolidated December 2018 Net Sales at Rs 41,219.91 crore, up 23.24% Y-o-Y

Tata Steel Standalone December 2018 Net Sales at Rs 17,173.87 crore, up 10.12% Y-o-Y

Tata Steel rallies post Q3 results, but brokerages cut target; buy, sell or hold?

JP Morgan maintained overweight call on Tata Steel post Q3 results but reduced its target to Rs 880 from Rs 980 earlier

Comment | Tata Steel-Thyssenkrupp: Drawing a line in the sand

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.

Tata Steel Q3 profit surges 53% YoY to Rs 1,751 crore; India biz revenue up 10%

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.

Comment | Imports may cease to bother steel producers if iron ore continues its upward march

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.

D-Street Buzz: Nifty Media outshines led by Zee Entertainment; Tata Steel jumps 3%, Tech Mahindra rallies

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.

D-Street Buzz: Dr Reddy's Labs, Titan jump 3% each; Tata Motors down 2%, Jubilant Food most active

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.

D-Street Buzz: Metal, pharma stocks fall led by Tata Steel, Lupin; ONGC jumps 3%, Titan rallies

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.

Stake sale in SE Asia biz will improve Tata Steel's leverage profile: Fitch Ratings

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.

Comment | Iron ore prices spike after Vale output cut, steel prices may be next

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.

D-Street Buzz: Banks gain led by Axis Bank, ICICI Bank; Tata Steel jumps 3%, DHFL extends losses

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.

Tata Steel restarts blast furnace at UK steelworks

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.

Stake sale in SE Asia biz will help Tata Steel reduce debt: S&P

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.

Quick Take | Tata Steel's SE Asia sale will sharpen its India focus

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.