Corus

  • Tata Steel swings to Rs 6,528 crore loss in Q4 May 23, 2013

    Mumbai: Tata Steel on Thursday posted consolidated net loss of Rs 6,528.51 crore for the quarter ended March 31, following a non-cash write down of Rs 8,355.91 crore related to European operations and fall in demand in the euro-zone. A significant portion of Rs 8,355.91 crore impairment charge relates to...
  • Tata Steel to shut UK technology centres, job cuts expected April 29, 2013

    London: Steel giant Tata Steel has reportedly warned the British government that it plans to shut down two research and development facilities in the country and shift them overseas including to India, resulting in 300-400 job cuts in the UK. In a move that will be seen as a major...
  • Ratan Tata to retire today, Cyrus Mistry to succeed him December 28, 2012

    New Delhi: Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $ 100 billion global conglomerate with high-profile acquisitions abroad, will retire on Friday ending 50-year run in one of India's oldest business empires. Marking a generational change, Tata, who turns 75 on...
  • Cyrus Mistry to succeed Ratan Tata on December 28 December 27, 2012

    Mumbai: Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a USD 100 billion global conglomerate with high-profile acquisitions abroad, will retire on December 28, ending a 50-year run in one of India's oldest business empires. Marking a generational change, Tata, who turns...
  • Tata's Clean Coal Tech close to a breakthrough July 28, 2012

    For a scientist who is passionate about history, Mark Denys appreciates the importance of the West Bokaro coalfields in the Indian clean coal technology space. It was in these coalfields in Jharkhand that Tata Steel set up the country's first coal washery in 1951. The washery reduced the coal's ash...
  • Harry Bhadeshia's steel connects UK, France February 28, 2012

    Every year, 17 million people use the Channel Tunnel, the undersea rail network that connects the United Kingdom with north of France. Considered as one of the Seven Wonders of the modern world, 37.9 km of the 50.5 km-long tunnel passes under the sea. To make sure that each and...
  • Anand crushes Kramnik, rises to third in Corus January 31, 2010

    WijK Aan Zee (The Netherlands): World champion Viswanathan Anand outmaneuvered Russian Vladimir Kramnik in the 12th round to rise to the third spot in the elite group 'A' of the Corus Chess Tournament here. After his second victory in three rounds, Anand moved to third spot in the overall standings on...
  • Corus chess: Anand draws with Smeets January 31, 2010

    Wijk Aan Zee (The Netherlands): After a lucky win in the previous round, world champion Viswanathan Anand was back to splitting points as he played out a quick draw against Dutch Jan Smeets in the 11th round of the Corus Chess Tournament here. Anand took his tally to six points out...
  • Anand lucky to beat Shirov in Corus Chess tourney January 28, 2010

    Wijk Aan Zee (The Netherlands): World champion Viswanathan Anand ended his long chain of draws with a lucky victory over Spaniard Alexei Shirov in the tenth round of the 'A' group of the Corus chess tournament here. Having drawn the first nine games, Anand yet again tried hard to be back...
  • Tata Corus to axe 1,700 jobs; mothball British plant December 4, 2009

    London: Corus, the European arm of Tata Steel, said on Friday it will cut 1,700 jobs and partially close a plant in Britain's Teesside region in the new year. The decision by the Anglo-Dutch company follows the failure of four international buyers to purchase 80 per cent of the Teesside...
  • Tata Steel's Corus to cut up to 3,500 jobs: report January 26, 2009

    London: Steelmaker Corus is poised to axe up to 3,500 jobs next week, The Sunday Times reported. The precise number of lay-offs at the Anglo/Dutch steelmaker, owned by India's Tata Steel, were being thrashed out over the weekend, according to the paper. The job cuts are part of a long-term...
  • Tata Corus cuts 400 jobs | Amex sacks employees November 7, 2008

    Economic recession has eaten into the resources of companies and Tat Corus is no exception. In its struggle to stay afloat, the UK and Ireland plants of the company will lay off 400 workers. ...
  • Tata-owned Corus to axe 400 jobs November 7, 2008

    London: 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" market. The proposed job losses will be spread across Britain, including 100 in the West Midlands, nearly 100 in North Wales, 50...
  • Tata-owned Corus, Jaguar Land Rover take a knock October 17, 2008

    London: Two companies owned by the Tata Group in Europe have taken cost-cutting steps in response to the financial crisis sweeping Britain and other wealthy countries. While Corus, Europe's biggest steelmaker that is owned by Tata Steel, announced a 20 per cent cut in production, Jaguar Land Rover - the iconic...
  • Deal with JLR puts two new jewels in Tata's crown March 26, 2008

    New Delhi: The Tatas have done it again! They've added the two top iconic automobile brands, after launching the world's cheapest car the Nano. On Wednesday, the Tatas officially bought over jaguar and land rover for $ 2.3 billion. The deal has finally come through after a struggle of nine...
  • A reversal of fortune? January 10, 2008

    A decade or so earlier it would have been unthinkable even to forecast when an Indian company would make acquisition of smaller firms in the West. A few years ago none of us thought that any true blue Indian entity could be in the running for taking over a big...
  • Tatas eyeing $ 50 bn turnover July 16, 2007

    Mumbai: Tata Group is on an expansion spree. The Indian conglomerate revealed its plans to more than double its turnover to USD 50 billion this fiscal with the acquisition of Anglo-Dutch steel firm Corus. "We should touch the USD 50 billion turnover mark in FY08. With a 30 per cent...
  • Lookahead: What's making news April 11, 2007

    New Delhi: Nithari accused Moninder Singh Pandher, Surendra Koli and Simranjeet Kaur's judicial remand runs out today, Tata Steel will make the payment for its $12 billion takeover of steel giant Corus and the budget session of Delhi Assembly starts today. Here is a look at what else is likely...
  • Tata Steel pooling funds for Corus April 10, 2007

    New Delhi: Tata Steel, the world's fifth-largest steel maker, will hold a Board meeting on April 17 to consider raising long-term funds for its 12 billion dollar takeover of Anglo-Dutch firm Corus Group Plc. The Indian steel giant, which is scheduled to make the final payments to Corus shareholders tomorrow, is...
  • Tata-Corus deal becomes effective April 2, 2007

    New Delhi: Tata Steel Ltd on Monday completed its $12 billion acquisition of Corus Group at a price of 608 pence per ordinary share in cash. “The joint company will have a pro forma crude steel production of 27 million tonnes in 2007 and will be the world's fifth largest...
  • Tata invests $1.1bn in Indonesian firm June 19, 2007

    New Delhi: After the much talked-about Corus bid, Tata group is ready to prove its mettle again—this time by prospective acquisition of two major Indonesian coal producing companies. Tata Power will acquire 30 per cent stakes in two major Indonesian thermal coal producers for Rs 4,840 crore ($1.1 billion), giving it...
  • Tata-Corus deal gets stamp of approval June 20, 2007

    New Delhi: Tata Steel on Wednesday received a thumping vote of confidence for its $12 billion takeover bid for Corus Group Plc, with shareholders having 96 per cent equity in the Anglo-Dutch company voting in support of the deal. The deal is expected to become effective on April 2. The deal is...
  • India gears up for steel price slash March 5, 2007

    New Delhi: Major steel companies are set to roll back their recent price hike after a meeting with the steel secretary. Price hikes in Europe and low inventory levels in developed markets had led Indian steelmakers to increase hot rolled steel prices, by an average of Rs 1,000 per...
  • Corus officials joins Tata celebration March 2, 2007

    New Delhi: To take part in the Founder's Day celebrations of Tatas to he held on Saturday, a high-level team of Anglo-Dutch steel maker Corus on Friday arrived at Tata Steel's Jamshedpur plant. Tata Steel chairman Ratan Tata accompanied the Corus team comprised of chairman Jim Leng, chief executive Philippe Varin...
  • Tata's acquisitions not satiated: Irani June 20, 2007

    New Delhi: A top Tata group official on Tuesday said that Tata Group's appetite for foreign acquisitions is not satiated. "Our appetite for foreign acquisitions is not satiated. Besides, we also have the appetite to grow in India," PTI quoted Tata Sons' Director, J J Irani as saying. The Tatas have...
  • Tata, a man of values and vision June 20, 2007

    Rajdeep Sardesai:: Mr Ratan Tata, first of all many, many congratulations on becoming the CNN-IBN Businessman of the Year. You are becoming quite a star. Ratan Tata:: Thank you. I think that’s a statement I would feel very awkward in even acknowledging, but I just want to say that I...
  • Singur is not our battle: Ratan Tata June 20, 2007

    New Delhi: In his first television interview since winning the Corus deal, Tata Group Chairman Ratan Tata told CNN-IBN that his company is caught in the political crossfire over Singur. “I think Singur is unfortunate. It's not our battle. We're caught in a crossfire that's political," Tata said. Ratan Tata also...
  • Adaptability's key for Tatas: Mittal February 3, 2007

    London: Tata's takeover of Corus has met with approval in the steel industry. Steel giant L N Mittal has said that though mergers and acquisitions pose many challenges, the Tatas would be successful in handling them. Applauding the consolidation in the steel industry world over, global steel tycoon Mittal on Friday...
  • I am not a gambler: Ratan Tata June 18, 2007

    New Delhi: Denying that he is a gambler and the acquisition of Corus involved the game of rush and rule, Tata Group Chairman Ratan Tata on Friday said that the Corus bid never reached such a level, which may be termed as “overbid”. “I am not a gambler,” said Ratan Tata,...
  • TATA gives India a winning edge February 2, 2007

    London: TATAs victory over Brazilian CSN for Corus is not just a win for TATAs but is a victory for India as well. The mood perhaps like India winning ODI against Pakistan. This will also pave the way for more Indian companies eyeing foreign takeovers. TATAS winning multi billion bid...