POSCO SYNERGIZES WITH TATA STEEL FOR A FUTURISTIC HIGH SPEED HYPERLOOP TRAIN SYSTEM

• POSCO is all geared up to develop a hyperloop train system, an eco-friendly futuristic transportation method.
• To further this, POSCO has recently inked a deal with Tata Steel Europe to cooperate in the overall hyperloop business field, including developing steel materials ...

NO BAILOUT FOR JAGUAR LAND ROVER AND TATA STEEL FROM UK GOVERNMENT

HIGHLIGHTS

• Talks between the UK's Treasury and two Tata Group companies have broken off.
• British government concluded that Indian firms were sufficiently financed.
• Hence, Jaguar Land Rover and Tata Steel did not qualify for taxpayer sup...

INDIAN STOCKS REACH DAY’S HIGH: SENSEX AT 36,700, NIFTY OVER 10,800

Highlights

• The S&P BSE Sensex is trading at 36,785.94 points, while the broader Nifty50 is at 10,836.35 levels

• Tata Steel was the top Sensex gainer with growth of 3 percent, followed by HCL Tech and Britannia Industries, both going up by 2 percent each

SENSEX JUMPS 350 POINTS: RIL, TECH MAHINDRA TOP GAINERS

Highlights

• The S&P BSE Sensex is trading at 36,870.31 points, while the benchmark Nifty50 index was at 10,844.70 points

• Reliance Industries Limited (RIL), Tata Steel and Tech Mahindra were the top Sensex gainers in the morning session with growth of 3 percent...

SENSEX JUMPS 300 POINTS, NIFTY AT 10,750

Highlights

• The S&P BSE Sensex is at 36,642 points and the benchmark Nifty50 index at 10,798.70 levels

• Bajaj Finance was the top Sensex gainer with growth of 4 percent, followed by Tata Steel as it went up 3 percent

• Total 19 companies includin...

SENSEX GAINS 150 POINTS, NIFTY RECLAIMS 10,400 LEVELS

Highlights

• The S&P BSE Sensex is trading at 35,125.07 levels, while the benchmark Nifty50 is at 10,358.60 levels

• With 4 percent growth, Tata Steel was the top Sensex gainer in the early morning trading session on Tuesday followed by IndusInd Bank, Bajaj Finan...

VOLATILE TRADING AFFECTS NIFTY, SENSEX STABLE AT 34,000

Highlights

• All the Nifty sectoral indices are trading in the green except the FMCG sector

• FMCG sector has been impacted by the losses incurred by Hindustan Unilever, Britannia, Marico and ITC

• Senses is hovering near the 34,000 mark, while the bro...

SENSEX RALLIES 1,100 POINTS, NIFTY TOPS 9,900

Highlights

• At present, the S&P BSE Sensex is standing at 33,507.82 levels, while the benchmark Nifty50 index is trading at 9,885.80 levels

• Tata Steel and Axis Bank emerged as top Sensex gainers with rise of 6 percent

• According to the March qu...

EUROPEAN STEELMAKERS HALT PRODUCTION: FIRST CONSEQUENCE OF AUTOMOBILE INDUSTRY SHUTDOWN?

Highlights

• Steel giants Tata and Thyssenkrupp shut down majority of plants

• Automobile industry consumes 1/5 of total steel consumption

As an impact of shutdown of car plants, the European steelmakers have ceased production.  Due to global coronavir...

Tata Steel Europe has no alternative but to reduce costs by reducing jobs

Tata Steel may seem to be a stern move to cut approximately 3,000 jobs across its European operations, but more lay-offs are expected under current market conditions, given the company's limited choices, analysts said. The current production capacity for Tata Steel Europe is at 12.5 million t...

Tata steel a good investment

The stock markets have been pretty much stable since the last couple of weeks, and the growth of the stock markets has returned after a year-long absence, which is supposed to be the driest and the most hurting decline streak that the markets of India have seen in a long time. So the markets of I...

Magnus Carlsen emerges on top

The Tata Steel Chess tournament has been organized in the city of Kolkata and is being dominated by Magnus Carlsen in the nine-round rapid-fire series with six wins and three draws for the Grandmaster. He started out his campaign against Vishwanathan Anand, which was their first clash in India po...

Tata Steel plans to cut 3,000 jobs across Europe operations

For its European business, Tata Steel plans to lay off 3000 jobs. Tata Steel is India’s largest steel company. The step has come as a part of their restructuring and transformation programme wherein it attempts to ensure that it thrives in a severe market. Two third of these 3000 jobs are e...