Tata

Confiscation crusaders try

Mesecoy - Muslimchronicle

Tata gives hand signals for his men to drop to the rainforest floor as the searing whine of a chainsaw fades, their mission to save a critically endangered piece of paradise in the Philippines suddenly on hold. Former para-military leader Efren "Tata" Balladares has been leading the other flip flop-wearing environmental crusaders up and down the steep mountains of Palawan island forRead more

ThyssenKrupp steelworkers protest against Tata tie-up

Bochum - Muslimchronicle

Thousands of steelworkers hit the streets of Bochum in western Germany on Friday in opposition to industrial conglomerate ThyssenKrupp's plans to merge its steel division with India's Tata. "We aren't convinced that merging with Tata is the best and most appropriate path for ThyssenKrupp Steel," said Knut Giesler, a regional leader of powerful union IG Metall. ThyssenKrupp, whose products rangeRead more

India's Tata calls for final meeting to oust ex-chairman Mistry

Mumbai - Arab Today

India's salt-to-steel conglomerate Tata Sons Friday cranked up its legal tussle with ousted chairman Cyrus Mistry by calling for a shareholders' meeting to remove him from its board. "Tata Sons has called for an EGM on February 6th to remove Cyrus Mistry as the director after receiving numerous complaints from shareholders," Debashish Ray, a Tata Sons spokesman, told AFP. MistryRead more

India's Tata Steel kicks off formal sale of UK unit

London - AFP

Indian giant Tata Steel began the formal sale of its loss-making British arm on Monday, as it announced it was selling its Scunthorpe plant for a nominal fee. In the face of a political row over the potential loss of thousands of jobs, Tata Steel said it had agreed to sell some of its assets in Britain to Greybull Capital,Read more

India's Tata Steel confirms UK fraud probe

Mumbai - AFP

India's Tata Steel (BSE: TATASTEEL.BO - news) said Saturday that Britain's Serious Fraud Office is investigating a lapse in procedures at its steel-making site in Yorkshire, as the group seeks to sell its UK operations. In a filing to the Bombay Stock Exchange, Tata confirmed media reports of an SFO probe, saying it notified fraud investigators after discovering the problemsRead more

Blaming China for UK steel woes is misleading

London - Arab Today

Reports in the British media which pile blame on China for the difficulties of UK steel plants are misleading the public, according to analysts. Following news that Tata, the Indian industrial giant, wants to shut its steel mills at Port Talbot and elsewhere, media reports have been finger-pointing at China, alleging it is flooding the market with steel products atRead more

Tata Steel to sell UK business, thousands of jobs at risk

London - Arab Today

Indian steel giant Tata Steel on Wednesday put its British business up for sale, placing thousands of jobs at risk and striking a heavy blow to the crisis-hit steel industry. Tata said in a statement that trading conditions had "rapidly deteriorated" in Britain and Europe due to a global oversupply of steel, a "significant increase" in cheaper imports into Europe,Read more