London: Indian major Tata Steel has been fined 500,000 pounds over the death of worker who fell into a stream of molten liquid at the then Corus-owned plant in Wales. The incident happened in 2006 at its Port Talbot plant, when it was owned by Corus. Tata Steel acquired the plant in 2010. Tata admitted to health and safety charges in the Swansea Crown Court, and has taken steps to...
04:42 AM, Aug 01, 2012
Hanoi: In a bid to break a four-year deadlock involving Tata Steel's $five billion project, Vietnam has sought financial assistance of $100 million from India towards payment of land compensation cost. "Government of Vietnam has requested Indian government to assist by giving USD 100 million for site clearance for the project," Vice Minister of Industry and Trade of Vietnam Le Xuan Quang said. The project has been stalled after the...
03:40 AM, Jul 30, 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 content from as much as 35 per cent to 18 per cent, improving the fuel's efficiency and extending the life...
04:29 PM, Jul 28, 2012
When Rahul Dravid announced his retirement from the international cricket arena, for days there was a flurry of writings, interviews and pictures, all giving an ode to the cricketer, who has retired as a 'great' and the man who remains to be as gentle and balanced as ever. The book 'Timeless Steel' comes across as another ode to the man. But this one, being a great compilation of what the...
02:08 PM, Jul 28, 2012
New Delhi: Standard & Poor's on Thursday lowered the outlook of Tata Steel and its UK-based subsidiary TSUKH to 'negative' from 'stable' citing continued weak performance. "We assess Tata Steel on a consolidated basis, including Tata Steel UK Holdings (TSUKH), which represents about half of the company's total consolidated assets. We expect the company's consolidated profit margin to continue to be weak, resulting in its debt-to-EBITDA ratio staying above 4...
10:09 AM, Jul 27, 2012
Kolkata: The plan mooted in 2007 by Tata Steel to export semi-finished products from India to Europe did not materialise, but five years later the company is set to import high-end products from Europe to the Indian markets. The sluggish global steel market has encouraged Tata Steel to take the decision to improve capacity of the European operation. "We will look to import high end products from Europe to Indian...
10:02 AM, Jul 27, 2012
After 'The Dark Knight Rises', it's time to shift focus on the man with the blue body suit and red cape. Here's a sneak peek of the next Superman flick. ...
04:29 PM, Jul 24, 2012
New Delhi: The trailer of 'Man of Steel' is out. Directed by Zack Snyder, the film stars Henry Cavill, Amy Adams, Michael Shannon, Kevin Costner, Diane Lane, Laurence Fishburne, Antje Traue, Ayelet Zurer, Christopher Meloni, and Russell Crowe in prominent roles. ...
04:13 PM, Jul 24, 2012
Raigarh: Nearly five people died and five others were trapped under debris after a tower in a steel factory in Raigarh, Chhattisgarh, collapsed. Rescue operations are said to be on. There were no reports on what caused the tower to collapse. ...
01:51 PM, Jul 22, 2012
Jamshedpur: A man was mauled and seriously injured by a tiger after he sneaked into the animal's enclosure at the Tata Steel Zoological Society in Jamshedpur, police said on Tuesday. The man, whose identity is yet to be established, had entered the enclosure of Raghav, the full grown tiger, on Monday night and was found unconscious inside the cage by zoo staff on Tuesday morning. The victim was removed from...
04:12 PM, Jul 17, 2012
New Delhi: EK Bharat Bhushan, who was abruptly shunted out as the Director General of Civil Aviation recently, is being shifted to the Steel Ministry, official sources said on Friday. Bhushan will take over as Additional Secretary and Financial Adviser (AS&FA) in the Steel Ministry, swapping postings with Machendranathan who would join the Civil Aviation Ministry in his position as Additional secretary. Both Bhushan and Machendranathan belong to the 1979...
08:28 PM, Jul 13, 2012
The Cabinet deferred the stake sale in SAIL since Steel Minister Beni Prasad Verma is not present in Delhi. ...
01:40 PM, Jul 12, 2012
New Delhi: The Cabinet on Thursday deferred a decision on selling 10.82 per cent stake in Steel Authority of India Ltd (SAIL) as Steel Minister Beni Prasad Verma was away on official tour. The Steel Minister is in Tokyo on an official tour and could not attend the Cabinet meeting. In the absence of Verma and Steel Secretary, who is also in Tokyo, the Cabinet did not take up the...
12:19 PM, Jul 12, 2012
New York: Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100. Out of the eight, five are state-run entities. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year. Mukesh Ambani-led Reliance Industries is the first Indian...
09:08 PM, Jul 09, 2012
Despite leading India to major number of victories, the team members felt threatened by Dravid's success, said former India coach Greg Chappell. ...
05:21 PM, Jul 05, 2012
Ranchi: A Jharkhand-based tribal body today said it would continue to oppose steel tycoon LN Mittal's project in the state. "We will not allow any new steel company in Jharkhand. They (industrialists) are out to destroy forest and fertility of agricultural land. Forty villages in Gumla and Khunti districts will be affected by the ArcelorMittal project," Adivasi Moolvasi Astitva Raksha Manch chief convener Dayamani Barla said here. His statement came...
03:42 PM, Jul 05, 2012
New Delhi: At the heart of erotica 'Fifty Shades of Grey' that describes, sometimes in graphic details, the relationship of a submissive and her much older master, is an old fashioned love story of understanding and acceptance. Author Erika Mitchell, 49, who uses the pen name EL James, has taken the world by storm, playing on what critics have termed 'mid-life frustration' and outsold the Harry Potter books to become...
08:23 PM, Jul 02, 2012
New Delhi: Steel minister Beni Prasad Verma on Sunday said NRI billionaire LN Mittal should stop "maligning" India and its government, asking why the steel baron was not setting up his plants in the country. "He should stop maligning India and the Indian government. Why is he not beginning work on his projects," Verma said. Mittal, chairman and CEO of world's largest steel company, ArcelorMittal, had said in New York...
02:57 PM, Jul 01, 2012
New Delhi: Prime Minister Manmohan Singh has kept the Finance Ministry with himself, while making Vilasrao Deshmukh the additional in-charge of the Steel Ministry, sources said on Tuesday. Pranab Mukherjee resigned as Finance Minister on Tuesday. The UPA's Presidential candidate said he was honoured at his nomination. Meanwhile, the PM has forwarded Pranab Mukherjee's resignation to President Pratibha Patil who will demit office on July 24. While forwarding his resignation,...
07:59 PM, Jun 26, 2012
New Delhi: Joining the likes of NR Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire Lakshmi N Mittal has said the country is potentially condemning millions to remain in poverty by not helping industrialisation. "Industrialisation is an important part of every major economy's development and by risking progress in this way, India is potentially condemning hundreds of millions to remain in poverty...
08:59 AM, Jun 21, 2012
