Times News Network
Moody’s Investors Service has changed Tata Steel’s outlook to positive from stable. The outlook change to positive shows the domestic steel giant’s track record of delivering a solid operating performance while maintaining conservative financial policies and the likelihood that upward rating pressure will build over the next 12 months if the recent performance and credit … Read More “Moody’s changes Tata Steel’s outlook to positive from stable” »
Tata Steel Mining has completed the acquisition of remaining 10 per cent equity stake in Rohit Ferro-Tech (RFT) for Rs 20 crore, according to a company statement. On April 12, Tata Steel said its subsidiary Tata Steel Mining Ltd (TSML) has completed the acquisition of 90 per cent stake in RFT in accordance with the … Read More “Tata Steel Mining completes 100 pc acquisition of Rohit Ferro-Tech” »
Domestic stock markets opened with gains on Thursday morning, mirroring global cues but failed to hold the up-move and witnessed volatility. S&P BSE Sensex, after opening 500 points higher, was down 200 points around noon. NSE Nifty 50 breached 15,800 earlier in the day but was now below 15700. While indices traded volatile 50 stocks … Read More “Tech Mahindra, Tata Steel, Wipro among 79 BSE stocks to hit fresh 52-week lows, 50 scrips at fresh highs” »
BSE Sensex and NSE Nifty 50 were trading flat with a positive bias on Wednesday, a day before weekly F&O expiry. Market participants were keenly eyeing the outcome of the FOMC meet, which is scheduled to be released tonight. So far in the day, BSE Sensex has hit a day’s low of 52,538.51, while NSE … Read More “Tata Steel, Tech Mahindra, BPCL, HPCL among 79 BSE stocks to hit new 52-week lows; Varun Beverages at new high” »
After opening on a weak note, Indian equity markets recouped lost ground on Tuesday, led by recovery in IT and metals. In late-morning trades, the BSE Sensex rose 150 points to reclaim the 53,000-mark and the NSE Nifty 50 was up 60 points to 15,830. Both the indices recovered 500 and 170 points, respectively, from … Read More “LIC, Tata Steel among 139 stocks to hit 52-week low on BSE, 37 scrips at fresh highs” »
Indian equity markets are likely to extend losses on Tuesday amid weak global cues. Early trends on SGX Nifty indicated a negative start for benchmark indices, with a loss of 100 points or 0.63%. The Nifty futures were trading around 15,678.50 level on the Singaporean Exchange. Asian shares tumbled in early trade after Wall Street … Read More “Bajaj Finance, Tata Steel, Zydus Lifesciences, Bharti Airtel, Crompton Greaves stocks in focus” »
Tata Steel has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business. The investment will go into a new slitter which will allow the Hartlepool site to process coils of … Read More “Tata Steel unveils green investment plan for UK steel tube mill” »
BSE Sensex and Nifty 50 tanked nearly 3 per cent on Monday, on the back of inflation concerns, fears of aggressive interest rate hikes by the US Fed, volatile crude oil prices, Indian Rupee freefall, and FII outflows. So far in the trade BSE Sensex hit a day’s low of 52,734.98, while NSE Nifty fell … Read More “52-week high, 52-week low: Tata Steel, UltraTech, LIC, among 165 BSE at new 52-week lows; these hit new highs” »
Dalal Street remained within reach and marred by volatility as headline indices and broader markets continued to be involved in a tug of war between bulls and bears. The S&P BSE Sensex opened lower today before turning positive, the NSE Nifty 50 index stays above the 16,400 zone – which the charters see as a … Read More “Hindustan Unilever, HDFC AMC, Tata Steel, Asian Paints among stocks that will soon go without dividends; check out the full list” »
Tata Steel has proven to be the most profitable company after Reliance Industries and ONGC in FY22 with over a fivefold increase in earnings. The company has left the group’s cash cow, Tata Consultancy Services (TCS) and HDFC Bank in profitability. Tata Steel reported a record net profit of Rs 40,154 crore in FY22, aided … Read More “Tata Steel most profitable company after RIL & ONGC” »
