Tata steel

The BSE Sensex Thursday gained 2.70 percent on hopes for a surge in foreign fund inflows after the world's six major central banks moved to tame a liquidity crunch for European banks.2

Tata group is looking at the assets of Australia's New Hope Corp, a $5 billion coal miner that put itself up for auction last month.

Indian business executive Ratan Tata has blasted the work ethic of British employees and managers.

Rio Tinto is close to securing a majority of Riversdale Mining , after receiving acceptances ahead of its target level, just before a key deadline on its A$3.9 billion ($4 billion) bid.

Global miner Rio Tinto raised its offer for Mozambique-focused coal miner Riversdale Mining to $3.9 billion in a final bid to woo key shareholders who have held up the deal and gain control of coveted coal assets.

Global miner Rio Tinto raised its offer for Mozambique-focused coal miner Riversdale Mining to $3.9 billion to woo key shareholders who have held up the deal and gain control of coveted metallurgical coal assets.

Tata Steel, the world's No. 7 steelmaker, has raised its stake in Riversdale Mining to more than 27 percent, making it harder for miner Rio Tinto to seal its $3.9 billion bid for the Mozambique-focused coal miner.

The BSE Sensex edged 0.2 percent higher early on Wednesday, with Tata Steel rebounding after falling initially.

Rio Tinto's $3.9 billion bid for Africa-focused coal miner Riversdale gained steam on Monday after a representative of Riversdale's top shareholder Tata Steel backed the offer.

The BSE Sensex was up 0.8 percent on Monday led by financial firms, but trading was choppy a day before the Reserve Bank's monetary policy and mixed Asian markets.

The board of Africa-focused coal miner Riversdale, including a representative from top shareholder Tata Steel, unanimously backed a $3.9 billion takeover offer from Rio Tinto, Riversdale said on Monday.

Tata Steel has raised 5.08 billion rupees ($111.8 million) from anchor investors at the upper end of an indicated price range ahead of a public share offering, reflecting investor optimism in the company's prospects in India's fast-expanding economy.

Tata Steel, the world's seventh largest steel maker, could raise as much as 34.77 billion rupees ($769.5 million) in its follow-on public share sale.

Tata Steel, the world's seventh-largest steel maker, said on Friday that it would hold on to its shares in Australian miner Riversdale, calling it a strategic stake.

Tata Steel, the world's No. 7 steelmaker, has received government approval to raise 11 billion rupees through issue of warrants to overseas investors, the Press Information bureau said in a statement on Thursday.

Tata Steel, the world's seventh largest steel company, has said its consolidated net profit after tax increased 8.5 percent to 19.79 billion rupees ($440 million) for the second quarter higher than the profit of 18.25 billion rupees ($406 million) in Q1 FY’11.

Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.

ArcelorMittal , the world's top steelmaker, cautioned its markets would only recover slowly as it forecast higher shipments but lower selling prices in the early months of 2010, putting pressure on core profits.

At a time when the Bombay Stock Exchange Index showed major gains in 2009 with an 80 per cent return, several investors thought of coming back to the equity sector which they had left following the 2008 early 2009 setbacks.

India's Tata Steel is trying to bring down carbon dioxide emissions to 1.8 tonnes per tonne of steel produced by 2012 from 2 tonnes of carbon dioxide now, a top official said on Monday.

Brazil's CSN (CSNA3.SA) (SID.N) offered on Friday to buy Portuguese cement producer Cimpor (CPR.LS) for 3.86 billion euros ($5.6 billion) as the steelmaker slowly diversifies from its core business outside its home base.

Britain's climate efforts were questioned on Wednesday after it said it would auction off rather than cancel millions of carbon permits to come from a closed steel plant, equal to one percent of UK greenhouse gas emissions.

Tata Motors, India's biggest vehicle maker, reported a return to operating profit for its British Jaguar Land Rover unit on Friday, as cost cuts begin to bear fruit and new models attract buyers.

India's Reliance Industries has made a cash offer to buy bankrupt U.S. basedpetrochemicals firm LyondellBasell Industries.

Tata Steel Ltd, the world's No. 8 steel maker by output, on Wednesday reported a larger-than-expected 47 percent fall in June quarter profit from its Indian operations as realisations fell sharply on lower commodity prices.

India's Tata Motors Ltd reported an unexpected surge in first-quarter net profit, helped by a change in accounting policy, but concerns remain over its loss-making Jaguar Land Rover unit and how it will strengthen its balance sheet.

India's Tata Steel and Suzlon Energy Ltd launched global depositary share offers on Monday to raise a combined $575 million, sources said, leaning on a share market rally and rising foreign appetite for Indian offers.

India's Tata Steel, the world's sixth-largest steel maker, plans to sell global depositary receipts worth about $600 million, two sources with direct knowledge of the deal said on Thursday.

India's Tata Steel Ltd, the world's No. 6 steel maker, on Thursday missed forecasts with a 60 percent drop in consolidated net profit for the fiscal year ended March and said 2,045 jobs in Europe units were at risk.