Tata

Key Week for Tata Tussle as Mistry Faces Tata Motors Board

By Aditi Shah and Abhirup Roy MUMBAI, Nov 14  – Tata Motors, owner of Jaguar Land Rover and makers of India‘s cheapest car, will on Monday become the latest piece of the Tata empire to be dragged into a battle over its future, in a test case for parent Tata Sons’ efforts to tighten control.

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Feud at India’s Top Conglomerate Shocks a Proud Community

By Sankalp Phartiyal and Abhirup Roy MUMBAI, Nov 1 – The bitter public feud between the Tata family, which controls India’s most respected conglomerate, and its now ousted chairman Cyrus Mistry has created an unwelcome stir in the tiny Parsi community to which both sides belong. There are only about 58,000 Parsis in India, a

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Ousted Tata Boss’s Hostile Defence Takes Boardroom Battle Public

By Aditi Shah and Rupam Jain NEW DELHI, Oct 27 – Days after he was ejected as chairman of Tata Sons, Cyrus Mistry has stunned India with a hostile 5-page letter outlining governance failures, poor decisions and looming writedowns at one of the country’s most revered conglomerates. Mistry’s emailed parting shot, leaked late on Wednesday,

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Tata Steel Sells UK Scunthorpe Plant to Greybull Capital

By Guy Faulconbridge and Sarah Young LONDON, April 11 – India’s Tata Steel agreed to sell part of its British business to investment firm Greybull Capital on Monday, preventing thousands of job losses, and freeing it up to focus on the sale of its other big plant, in Wales. The British government has been under

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Tata’s UK Steel Exit Raises Expectations of European Mergers

By Georgina Prodhan FRANKFURT, March 31 – Tata Steel’s plan to sell its British steelmaking business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity. Since the multi-billion-euro takeovers of Europe’s Arcelor and Corus by Indian giants Mittal andTata in 2006 and 2007, dealmaking

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Britain’s Cameron to Chair Meeting on Steel Industry Crisis

LONDON, March 31 – British Prime Minister David Cameron will hold an emergency meeting to tackle the crisis hitting the country’s steel industry on Thursday after India’s TataSteel said it would pull out, putting thousands of jobs at risk. The government is facing criticism over its response to the news, with opposition lawmakers saying it

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India’s Tata Steel Puts British Business Up for Sale

By Promit Mukherjee MUMBAI, March 30 – India’s Tata Steel, Britain’s largest steelmaker, put its entire UK business up for sale to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain’s declining steel industry. After a marathon board meeting in Mumbai, the steel giant said the financial

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Caste Protests Cut Water to India’s Capital, Hit Industry

By Douglas Busvine NEW DELHI, Feb 21 – India deployed thousands of troops in a northern state on Sunday to quell protests that have severely hit water supplies to Delhi, a city of more than 20 million people, forced factories to close and killed 10 people. The rioting in Haryana by the Jats, a rural

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