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Month: May 2019

Tata Steel shares tank over 6% as co’s Thyssenkrupp deal faces regulatory hurdles in Europe; m-cap falls by Rs 6,648 cr

Tata Steel shares tank over 6% as co’s Thyssenkrupp deal faces regulatory hurdles in Europe; m-cap falls by Rs 6,648 cr

New Delhi: Shares of Tata Steel plunged over 6 percent on Friday amid reports that the company's proposed deal with German major ThyssenKrupp might face regulatory hurdles in Europe. "ThyssenKrupp and Tata Steel expect that…

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D-St Buzz: Over 200 stocks hit new 52-week low on BSE; Tata Motors, YES Bank fall 7-8% each

D-St Buzz: Over 200 stocks hit new 52-week low on BSE; Tata Motors, YES Bank fall 7-8% each

The Indian benchmark indices have slipped deep into the red once again in this afternoon session with Nifty down 54 points, trading at 11,167, while the Sensex fell 201 points and is trading at 37,116. Nifty IT added half a percent led by Infosys, Tata…

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Tata Steel shares zoom over 7% after Q4 results, biggest gainer on both key indices

Tata Steel shares zoom over 7% after Q4 results, biggest gainer on both key indices

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Tata Steel’s consolidated net profit nosedives over 84% to Rs 2,295 cr in Q4; announces merger of Bamnipal Steel

Tata Steel’s consolidated net profit nosedives over 84% to Rs 2,295 cr in Q4; announces merger of Bamnipal Steel

New Delhi: The largest alloy-maker Tata Steel on Thursday reported a sharp 84.37 percent fall in consolidated net income at Rs 2,295.25 crore for the three months to March due to high base last year.…

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Jaguar Woes Add to Challenges for India’s Most Indebted Empire

Jaguar Woes Add to Challenges for India’s Most Indebted Empire

(Bloomberg) -- Signs of a turnaround at its marquee Jaguar Land Rover unit may not be enough to ease the challenges facing Indias oldest and most-storied business empire. The Tata Group bought the British luxury…

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Elevator spin-off sends Thyssenkrupp short sellers running for cover

Elevator spin-off sends Thyssenkrupp short sellers running for cover

LONDON (Reuters) - Thyssenkrupp shares leapt 20 percent on Friday as investors rushed to cover bearish bets after the conglomerate announced plans to list its best business, a move long hoped-for by investors. The stock…

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Steelmaking History Counts for Little as Fresh Crisis Hits U.K.

Steelmaking History Counts for Little as Fresh Crisis Hits U.K.

(Bloomberg) -- In just two weeks, the steelmaking industry in Britain, a country that once supplied almost half the world, has been thrown back into crisis. The U.K. only has two primary steelmaking sites --…

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Sensex tops 39,500, Nifty hits new high of 11,883; TaMo slips 5%

Sensex tops 39,500, Nifty hits new high of 11,883; TaMo slips 5%

NEW DELHI: Riding on the optimism of exit poll outcomes, which predicted a victory for the BJP-led NDA, Nifty logged fresh highs at the open. Sensex too followed suit and hit an all-time high level…

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The Tata Steel BSL (NSE:TATASTLBSL) Share Price Is Down 93% So Some Shareholders Are Rather Upset

The Tata Steel BSL (NSE:TATASTLBSL) Share Price Is Down 93% So Some Shareholders Are Rather Upset

Tata Steel BSL Limited (NSE:TATASTLBSL) shareholders should be happy to see the share price up 15% in the last month. But that doesn't change the fact that the returns over the last half decade have…

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Jagannadham Thunuguntla on 5 stocks you can buy on dips

Jagannadham Thunuguntla on 5 stocks you can buy on dips

RBL Bank and HDFC Life from financials, Nestle and ITC from consumption and KEC International among midcaps should be accumulated in case of dips, said Jagannadham Thunuguntla, Senior Vice President and Head of Research, Centrum…

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