Mumbai: Tata Steel Ltd shares fell as much as 2.5 per cent on Tuesday morning after it said it will book a $1.6 billion impairment charge for the financial year ended March 31.
The company said it is taking the charge due to weak economic and market conditions in Europe.
Tata Steel shares were down more than 2 per cent as of 9:30 am. The steel maker made the announcement late on Monday.
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09:45 AM, May 14, 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 blow to Britain's already struggling industrial base, the company plans to close its technology centres on Teesside, in the north-east...
12:36 PM, Apr 29, 2013
Anand suffered a shocking last-round defeat against Wang Hao of China and had to be content with a joint third finish. ...
10:25 AM, Jan 28, 2013
Carlsen took his tally to an unassailable 9.5 points and remains 1.5 points ahead of Anand and Levon Aronian of Armenia. ...
11:42 AM, Jan 27, 2013
Desperately in need of some big wins, Viswanathan Anand will take on Yifan Hou in Tata Steel Chess tournament. ...
06:20 PM, Jan 25, 2013
Viswanathan Anand could not breach the solid defenses of Sergey Karjakin of Russia and played out another draw. ...
02:30 PM, Jan 24, 2013
Anand played out an easy draw with Peter Leko of Hungary in the ninth round of Tata Steel Chess tournament. ...
09:43 PM, Jan 22, 2013
Viswanathan Anand slipped to the second position after he was held to an easy draw by tail-ender Ivan Sokolov. ...
12:07 PM, Jan 21, 2013
Anand outsmarted Van Wely to come back in joint lead after the seventh round of the 75th Tata Steel Chess tournament. ...
11:33 AM, Jan 20, 2013
World champion Viswanathan Anand played out a draw with compatriot P Harikrishna and slipped to second spot at the end of the sixth round of Tata Steel Chess tournament here on Saturday. ...
05:07 PM, Jan 19, 2013
World champion Viswanathan Anand played out an easy draw with world number one Magnus Carlsen of Norway. ...
03:14 PM, Jan 18, 2013
Anand will be up against world number one Carlsen in a much-awaited fifth-round clash. ...
11:00 AM, Jan 17, 2013
World number one Magnus Carlsen of Norway and Russian Sergey Karjakin share the lead with the Indian world champion. ...
10:37 AM, Jan 16, 2013
World champion Viswanathan Anand played out a quick draw with Hikaru Nakamura of United States. ...
07:39 PM, Jan 13, 2013
India's salt-to-software conglomerate Tata Group plans to invest more than Rs 450 billion over the next two years, its newly appointed Chairman Cyrus Mistry wrote in an internal mail on Wednesday. ...
08:43 PM, Jan 02, 2013
Cyrus Mistry will have pretty big shoes to fill as Ratan Tata retires as the Chairman of the Tata Group. But he has not come out of nowhere. His family firm owns 18 per cent of Tata Sons, the largest shareholder after the Tata Trusts. ...
01:59 PM, Dec 28, 2012
Ratan Tata is set to retire on Friday after 21 years as the group Chairman of the diversified conglomerate Tata Group. He has been responsible for making Tata Group a $ 100 billion empire. When he took over in 1991, the group had a revenue of about Rs 14,000 crore. ...
01:05 PM, Dec 28, 2012
Nine persons, including a photo journalist, were injured during a clash between contract labourers and security guards at Tata Steel who opened fire at the agitated workers here on Monday. The trouble started when the security guards, in accordance with a new company circular, asked the labourers to board company buses instead of riding bicycles to the site, which the labourers resisted. ...
03:45 PM, Dec 24, 2012
New Delhi: Tata Sons, the promoter of major operating companies of the salt-to-software conglomerate, on Tuesday announced appointment of Cyrus P Mistry as its Chairman with effect from December 28 following retirement of Ratan N Tata. "The Board of Directors of Tata Sons today announced the appointment of Cyrus P Mistry as the Chairman of the Board after Ratan N Tata retires on December 28, 2012," Tata Sons said in...
02:15 PM, Dec 18, 2012
London: Tata Steel on Friday said it will cut 900 jobs in the UK and close 12 sites as part of major restructuring of European operations to make it an "all-weather" steel producer, capable of succeeding in difficult economic conditions. "The proposed changes are expected to lead to a net loss of 900 jobs in the UK, including 580 in South Wales, 155 in Yorkshire, 120 in the West Midlands...
08:20 PM, Nov 23, 2012
