S&P; cuts ArcelorMittal ratings to junk status
August 3rd, 2012 - 5:49 pm ICT by IANS
London, Aug 3 (IANS) Ratings agency Standard & Poor's Friday cut Lakshmi Mittal-led steel firm ArcelorMittal's ratings to junk, saying the slowdown in the global economy, especially in Europe, ... Read more...
Posted in Business |
Tata Steel Q4 net slips about 90 percent
May 18th, 2012 - 11:39 pm ICT by IANS
Kolkata, May 18 (IANS) Tata Steel, India's largest private sector steel major, Friday reported a 89.64 percent slide in its consolidated net profit at Rs.4.33 billion for the quarter ending ... Read more...
Posted in Business |
Elevator crashes at mine in eastern China, killing 13
March 17th, 2012 - 2:14 am ICT by BNO News
LUCHENG TOWNSHIP, China (BNO NEWS) -- Thirteen mine workers were killed on early Thursday morning when an elevator fell out of control and slammed into the bottom of an iron ore mine ... Read more...
Posted in World News |
Kobelco Cranes mulls capacity expansion
February 2nd, 2012 - 10:50 pm ICT by IANS
Chennai, Feb 2 (IANS) Crane manufacturer Kobelco Cranes India Pvt Ltd, a Japanese subsidiary, plans to increase its production capacity by 2013 and roll out higher capacity crawler cranes, said ... Read more...
Posted in Business |
Chinese steel plant accident toll rises to 12
October 6th, 2011 - 4:49 pm ICT by IANS
Beijing, Oct 6 (IANS) The toll in a Chinese steel plant accident in which molten iron spilled out of a furnace has risen to 12, an official said.With rescuers retrieving ... Read more...
Posted in World |
Tata steel to increase Chinese investments by five percent
May 3rd, 2011 - 1:25 pm ICT by ANI
Beijing, May 3 (ANI): Tata Steel Limited, the world's 10th-largest steel company in terms of production and a subsidiary of the Tata Steel Group, plans to increase its investment in China by ... Read more...
Posted in World |
Tata Steel evaluating Rio Tinto’s offer for Riversdale
December 24th, 2010 - 8:15 pm ICT by IANS
Mumbai, Dec 24 (IANS) Tata Steel Ltd Friday said it was evaluating Rio Tinto's $3.91 billion takeover offer for Riversdale Mining."Tata Steel will evaluate the takeover bid in the context of other ... Read more...
Posted in Business |
Tata Steel posts Rs.1,978.81 crore profit
November 12th, 2010 - 10:08 pm ICT by IANS
Mumbai, Nov 12 (IANS) Tata Steel Friday reported Rs.1,978.81 crore net profit for the second quarter of current fiscal as against Rs.2,707.25 crore loss during the corresponding quarter last year, on a ... Read more...
Posted in Business |
Some Congress stalwarts may face rough weather in Haryana
October 7th, 2009 - 2:31 pm ICT by IANS
Chandigarh, Oct 7 (IANS) The ruling Congress in Haryana may be eyeing a win in the Oct 13 assembly elections but some of its top leaders, including ministers, may not find ... Read more...
Posted in Politics |
Asia’s largest iron ore deposit discovered in China
June 25th, 2009 - 3:53 pm ICT by ANI
New Delhi, June 25 (ANI): Geologists have discovered 'Asia's largest' iron ore deposit in northeast China's Liaoning province, with an estimated reserve of more than 3 billion tons.The newly-found deposit, mainly between ... Read more...
Posted in Business |
Tata Steel resets covenants on Corus loan
May 30th, 2009 - 5:12 pm ICT by IANS
Mumbai, May 30 (IANS) Tata Steel has reached an agreement with lenders of Tata Steel UK for resetting the covenants on the 3.7 billion pound loan raised for the acquisition of Anglo-Dutch ... Read more...
Posted in Business |
Big Chinese firms squeeze payroll of top executives
February 1st, 2009 - 12:18 pm ICT by IANS
Beijing, Feb 1 (Xinhua) More Chinese firms are slashing executive pay and having tighter budgets to get through the economic crisis, the State-owned Assets Supervision and Administration Commission of Shanghai has said. ... Read more...
Posted in World |
Tata-owned Corus to axe 400 jobs
November 7th, 2008 - 11:18 am ICT by IANS
London, Nov 7 (IANS) Corus, owned by the Tata Steel Group, has announced plans to cut 400 jobs at its distribution arm, saying it had been operating in a "volatile and fluctuating" ... Read more...
Posted in Uncategorized |
ArcelorMittal sets up JV with Chinese steel group
August 13th, 2008 - 10:25 pm ICT by IANS
Luxembourg, Aug 13 (IANS) ArcelorMittal, the world's biggest steelmaker, Wednesday said it has signed a joint venture agreement with Hunan Valin Steel Group of China to produce and sell electrical (silicon) steel. ... Read more...
Posted in Business |
ArcelorMittal steel group sells off US steel mill
May 11th, 2008 - 2:53 pm ICT by admin
Paris, May 11 (ANI): The worlds largest steel group ArcelorMittal has said that it has finalised the 810 million dollars sale of a plant in the United States to Russian Steelmaker ... Read more...
Posted in National |
Tata Steel to join mining project in Australia
May 7th, 2008 - 9:10 pm ICT by admin
Mumbai, May 7 (IANS) Tata Steel, along with Brazilian mining giant Vale and other partners, will undertake a major expansion of the Carborough Downs Coal Mine in Australia. The project will help ... Read more...
Posted in Business |
Malaysian firm close to securing contract in India
April 2nd, 2008 - 5:39 pm ICT by admin
Kuala Lumpur, April 2 (IANS) Malaysian water concessionaire Ranhill Utilities Bhd is part of a consortium that is close to securing a water treatment contract at Haldia in West Bengal. Chief executive ... Read more...
Posted in World |