Stock Market Updates: Energetic buying in the last hour of trading helped domestic stock markets close unchanged Wednesday amid losses in select IT and financial stocks. The top-line S&P BSE Sensex and Nifty50 indices broke below their psychological levels of 51,000 and 15,000 to hit an intraday low of 50,846 …
Read More »Steel Stocks Extend Higher; JSW Steel and Tata Steel hit new 52-week highs
Steel company shares continued their move north with industry giants Tata Steel and JSW Steel hitting their respective 52-week highs on Thursday after they reported strong gains during the recently concluded quarter. JSW Steel gained 5 percent to trade at Rs 354 and Tata Steel rallied 4 percent to Rs …
Read More »Tata Steel prepares to sell Dutch assets
Tata Steel Ltd is preparing to split its European operations in half as it begins talks with Scandinavian steel sheet maker SSAB Sweden to sell its profitable division in the Netherlands. This leaves the UK operations, based in Port Talbot in South Wales, at the mercy of a UK government …
Read More »Tata Steel’s Second Quarter Consolidated Net Income Down 60% to ₹ 1,635 cr
New Delhi: Tata Steel reported a 60% decrease in net profit on Friday at ₹Rs 1,635 crore for the quarter ended September 30, 2020. The mill reported a net profit of ₹4,044 million rupees in the prior year period. The India operations generated an EBITDA of ₹6,025 cr and Tata …
Read More »Tata Steel’s Second Quarter Consolidated Net Income Down 60% to ₹ 1,635 cr
New Delhi: Tata Steel reported a 60% decrease in net profit on Friday at ₹Rs 1,635 crore for the quarter ended September 30, 2020. The mill reported a net profit of ₹4,044 million rupees in the prior year period. The India operations generated an EBITDA of ₹6,025 cr and Tata …
Read More »Tata Group seeks potential investors for a new digital platform: Report
India’s Tata Group is in talks with potential investors about the possibility of participating in a new digital platform, said people familiar with the matter, who are looking to modernize their consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani join the incipient e-commercial market. Tata Sons …
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