Page 26 - Tata Steel
Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits
Tata Steel on Monday said it has introduced a new human resource policy that enables its employees from the LGBTQ+ community to declare their partners and avail all HR benefits permissible under the law. With its vision to provide equal opportunity to the employees, it has been an endeavour of the company to create an enabling workforce for all diverse groups, respecting and embracing the differences in the individuals, the steel maker said in a statement. "Partners mean people of same-sex living like a married couple," it said. LGBTQ+ refers to lesbian, gay, bisexual, transgender, questioning and related communities. Under the expanded diversity and inclusion (D&I) policy, Tata Steel employees and their partners will be able to avail a host of benefits including health check-up, medical facilities, adoption leave, new-born parent and child care leave, and inclusion in employee assistance programme (EAP). Employees will also get financial assistance for gender ...
 "Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits")
Tata Steel confirms 3,000 job cuts in Europe, 1,000 of those in UK
The job cuts had been announced by Tata Steel last week as part of a wider transformation programme
 "Tata Steel confirms 3,000 job cuts in Europe, 1,000 of those in UK")
Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off
The job cuts were announced by the Indian steel major last week as part of a wider transformation programme as it blamed ongoing losses and continued global headwinds faced by the steel industry
 "Tata Steel confirms 1,000 job cuts in UK as talks with workers kick off")
Analysts see Tata Steel stock rising in 2020 as firm revamps Europe biz
Tata Steel has been closing and selling plants in the UK since the 2008 financial crisis to make its business there more profitable
Probe finds Tata Steel, SKF, Schaeffler units colluded on bearings prices
Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014.
 "Probe finds Tata Steel, SKF, Schaeffler units colluded on bearings prices")
Tata Steel's cost rationalisation plan for Europe credit positive: Moody's
The European operations made up 35% of Tata Steel's total shipments in H1 of FY20, but generated only 2.4% of its reported consolidated EBITDA
 "Tata Steel's cost rationalisation plan for Europe credit positive: Moody's")
Metal stocks gain; Tata Steel, Hindalco up 4%, Jindal Steel climbs 5%
Investor sentiment perked up after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year
Metal companies may trim capex further to avert cash-flow mismatch
Tata Steel has revised its planned capex for 2019-20 to Rs 8,000 crore, from the earlier Rs 12,000 crore
 "Metal companies may trim capex further to avert cash-flow mismatch")
Amid layoff reports, workers' unions to hold Tata Steel to its job pact
Tata Steel on Monday said it planned to cut 3,000 jobs at its European operations, as the sector wrestles with excess supply, weak demand and high costs.
 "Amid layoff reports, workers' unions to hold Tata Steel to its job pact")
Tata Steel to cut 3,000 European jobs due to excess supply, high costs
The company says there will be no plant closures; the aim is to ensure long-term future
How scrap recycling has opened a door for steel makers to meet high demand
Tata Steel is making an entry into scrap recycling business to give a push to formalising the steel scrap generation industry for the benefit of secondary sector
 "How scrap recycling has opened a door for steel makers to meet high demand")
Tata Steel beats auto sector blues with higher sales in branded products
During April-September of FY20, Tata Steel's sales volumes in industrial products and projects moved up by eight per cent year-on-year (y-o-y)
 "Tata Steel beats auto sector blues with higher sales in branded products")
Nifty view & two stocks that Sameet Chavan of Angel Broking is bullish on
Stock calls and Outlook on Nifty by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd
 "Nifty view & two stocks that Sameet Chavan of Angel Broking is bullish on")
Near-term margin pressure may prevail for Tata Steel
Profitability may remain subdued in December quarter, even as some benefit accrues on account of softness in raw material prices
 "Near-term margin pressure may prevail for Tata Steel")
Tata Steel shares fall 4% after September quarter revenue decline
The company though reported a 5.9 per cent rise in consolidated net profit for the quarter
Tata Steel reports pre-tax loss of Rs 6.5 crore, net sales down 15.4%
During the quarter, the company tied up $525 million of foreign currency loans which will help lengthen the debt maturity profile
 "Tata Steel reports pre-tax loss of Rs 6.5 crore, net sales down 15.4%")
Tata Steel gets export boost in Sep quarter; net up 6% at Rs 3,302 crore
The sharp slowdown in the automotive sector, particularly in the commercial vehicle segment, was offset by higher export, Tata Steel said
 "Tata Steel gets export boost in Sep quarter; net up 6% at Rs 3,302 crore")
Tata Steel subsidiary to sell entire stake in NatSteel Vina for Rs 36 crore
Tata Steel said the deal is worth Rs 36 crore for sale of 56.5 per cent stake held by NSH in NSV
Explained: How Tata Steel put its soul into debt-laden Bhushan Steel
The first of a four-part series takes a look at how erstwhile Bhushan Steel is faring as Tata Steel BSL under a new command
Tata Steel to continue to take tough decisions for Europe operations
Like all European steelmakers, Tata Steel Europe continues to experience challenging market conditions
