Tata Steel Ltd. has acquired stake worth Rs 7,324.41 crore in T Steel Holdings Pte. The company has acquired 557 crore shares, with a face of $0.157 each, the steelmaker said in an exchange filing on Monday. After the acquisition, T Steel Holdings will continue to be a wholly owned subsidiary of the Indian steel …
Tata Steel India’s crude steel production saw a 5% year-on-year jump at 5.25 million tonne in the first quarter of this fiscal, according to a provisional business update released by the company. However, the production was lower sequentially due to planned maintenance shutdowns. Tata Steel Ltd.’s Indian deliveries grew 3% year-on-year to 4.94 million tonne, …
Buy or sell stocks: As investors shifted their bets ahead of next week’s national elections, the domestic benchmark indices, the Nifty 50 and the Sensex, wavered between gains and losses on Friday, closing marginally higher but recording their first weekly decrease in three. The S&P BSE Sensex rose by 0.1% to 73,961 points, while the …
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, ended Monday’s trading session on a positive note with modest gains led by metal stocks on the back drop of robust China data, news about Tata Steel block deals, and copper prices that were at a record high globally. The 30-share BSE …