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Month: November 2019

Tata Steel locks horns with union over 3,000 job cuts

Tata Steel locks horns with union over 3,000 job cuts

LONDON (Reuters) - Tata Steel Europe said on Wednesday it had begun talks with its workers on a "transformation programme" that involves up to 3,000 job cuts, prompting an angry response from union leaders who…

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Tata Steel plans to cut jobs across European operations

Tata Steel plans to cut jobs across European operations

Tata Steel plans to cut jobs across its European operations as it wrestles with excess supply and high costs, the company said on Monday. Following a weekend interview in the Financial Times with the group's…

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Tata Steel trims capex, debt reduction plans as demand crimps

Tata Steel trims capex, debt reduction plans as demand crimps

Weak demand, coupled with a sharp fall in prices, have forced Tata Steel to recalibrate its capex plans and scale down the debt reduction guidance of USD 1 billion for the fiscal. In May this…

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Sensex scores a new high on global sentiment

Sensex scores a new high on global sentiment

Mumbai: Indian stock indices rose for the seventh session in a row, with the BSE Sensex ending at a record close, amid better-than-expected corporate earnings and positive cues from the global markets. The stock market…

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Investor wealth up Rs 1.87 lakh crore in two-day market rally

Investor wealth up Rs 1.87 lakh crore in two-day market rally

Extending its record-setting streak for the second session, the Sensex gained 308.87 points in two days. During the day on Thursday, the index scaled its record peak of 41,163.79. Investor wealth rose Rs 1.87 lakh…

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Tata Steel Will Axe 3,000 Jobs Across Europe as Crisis Bites

Tata Steel Will Axe 3,000 Jobs Across Europe as Crisis Bites

(Bloomberg) -- Tata Steel Ltd. plans to axe about 3,000 jobs across its European operations to cut costs in the latest blow to the regions industry, with the move coming amid a heated general election…

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Stocks in News: Tata Motors, Yes Bank, Bharti Airtel, Tata Steel, GVK Power – Livemint

Stocks in News: Tata Motors, Yes Bank, Bharti Airtel, Tata Steel, GVK Power – Livemint

Here is a list of top stocks that are buzzing in early trade on Tuesday: Tata Motors: Shares extended Sundays gains during Diwali Muhurat trading, jumping nearly 14% in early deals due to the auto…

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Sensex retreats from lifetime high, ends 68 points lower; Nifty above 12,000

Sensex retreats from lifetime high, ends 68 points lower; Nifty above 12,000

After scaling its record intra-day high of 41,120.28, the 30-share BSE Sensex settled 67.93 points, or 0.17 per cent, lower at 40,821.30. (Image source: Getty/Thinkstock) Retreating from its record peak, market benchmark BSE Sensex ended…

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Sensex, Nifty scale fresh closing peaks; Yes Bank rallies over 7 per cent

Sensex, Nifty scale fresh closing peaks; Yes Bank rallies over 7 per cent

Yes Bank was the biggest gainer in the Sensex pack, rallying 7.65 per cent, followed by SBI which rose 2.43 per cent. Maruti gained 2.38 per cent, Sun Pharma 1.87 per cent and HUL by…

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Tata Steel faces battle with unions over plans to cut up to 3,000 European jobs

Tata Steel faces battle with unions over plans to cut up to 3,000 European jobs

Steelworkers in Britain and the Netherlands said they would fight Tata Steel's plans to cut up to 3,000 jobs across its European operations, as the sector wrestles with excess supply, weak demand and high costs.…

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