Uk Business

Narendran who is also the Managing Director of Tata Steel made the remarks in reply to a question on stance on exiting the UK business.

Tata Steel to take a call on UK biz post government's response: CEO T V Narendran

Tata Steel is seeking support from the UK government in two forms. In policy terms by encouraging the transition to green steel and ensuring a cost competitive landscape, and partnership in financing of the project given the size of investment and the financially constrained position of the UK business.

Tata Steel rises 4% on buzz of UK biz merger completion by May

Tata Group firm said to be in talks with Thyssenkrupp and the deal has reached price negotiation phase. Due diligence between the companies have been completed.

Tata Steel board put sale of UK steel business on hold

Tata Steel after its board meeting today announced that it has decided to look at alternative and more sustainable portfolio solutions for the European businesses.

Tata Steel may delay biz sale; how UK govt, unions will react

CNBC-TV18's Sanjay Suri tells us how the unions and the UK government will react if Tata Steel delays sale of its UK business.

Is Tata Steel UK asset sale under reconsideration?

The Tata Steel Workers Union is holding a march in London currently but a section of the employee's Union believe that the Tata‘s may not sell their UK business.

JSW Steel joins the race for Tata Steel's UK assets

Confirming its interest, JSW Steel said it is evaluating several opportunities, including the current opportunity of UK steel facilities.

Tata Steel Europe committed to seeking all credible options

The steelmaker declined to reveal whether it has received any proposal for a management buyout of its Port Talbot plant, the largest steel-making facility in Britain.

Tata's Port Talbot steelworks in possible management buyout

Tata Steel said it was not publicly naming or confirming any potentially interested investors or bidders.

Uncertainty on sale of Tata Steel UK may delay credit recovery

The planned sale of Tata Steel's long product Europe business to Greybull Capital LLP will help lower cash burn and will be credit positive, Ind-Ra said in a statement.

Tata Steel working with StanChart for UK unit sale: Source

The steel business was put up for sale on March 30, but has failed to attract the attention of most major British investment banks.

Tata Steel workers confront British business minister

British Business Secretary Sajid Javid, who rushed back from Australia soon after Tata Steel announced its decision, urged the company to push on with selling its UK business.

UK biz sale to ease pressure on Tata Steel's ops: Moody's

"Potential sale of UK operations is credit positive for Tata Steel and TSUK Holdings, because it would dispose of loss making assets, against the backdrop of a challenging operating environment," said Moody's Vice President and Senior Analyst Kaustubh Chaubal.

Tata Steel to consider sale of entire UK business to stem losses

After a marathon board meeting in Mumbai, the steel giant said in a statement in the early hours of Wednesday that the financial performance of its UK arm had deteriorated substantially in recent months, after years of weak conditions.

UK biz a concern; see margins at 26%: Prime Focus

Vikas Rathee, group chief financial officer, Prime Focus says the company's depreciation and amortization (D&A) charges were high due to a negative acquisition.