The bulk of the terminations will be in technology and operations units

As part of the comprehensive set of proposals, Tata Steel Europe intends to lower employment costs

CCI began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector

President of Tata Steel's European works council Frits van Wieringen said it would take time to work out detail, but warned of 'a very serious confrontation in the Netherlands'

Tata Steel, which launched a transformation programme in June to strengthen its European business, has operations including steelmaking in the Netherlands and Wales

There will be no plant closures but the aim is to shield the company against the \"huge number of challenges\" it faces, the company said

The gross debt of Tata Steel group increased 10.6 per cent to Rs 1.12 lakh crore in the first two quarters of this financial year. The net debt stood at Rs 1.07 lakh crore in September 2019

Tata Steel will downsize across its plants situated in Belgium, England, France and Netherlands.

Hero MotoCorp has announced a capex cut of up to 20 per cent or Rs 300 crore. Around 3,000 Maruti Suzuki temporary workers have lost their jobs. Tata Motors, Ashok Leyland and TVS group companies are also planning plant shutdowns

The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was \"unable to find a way forward\" for the business

Cumulative operational losses of Tata Steel Europe stand at Rs 48,000 crore over 10 years against the group debt at Rs 95,000 crore

UK court rejects Nirav Modi's bail plea for third timeThe Westminster Magistrates' Court in London rejected the third bail plea presented by fugitive diamantaire Nirav Modi on Wednesday. Chief Magistrate Emma Arbuthnot heard Modi's fresh bail application yesterday. The next hearing in his extradition proceedings has been scheduled for May 30. He will now be taken back to Wandsworth prison where he can discuss further course of action with his legal team.Rooh Afza shortage during Ramzan spoils...

Amidst challenging economic environment Chandrasekaran had an action packed one year, settling issues in telecom, steel and automobiles sectors.

Thyssenkrupp has been in talks with Tata Steel for about a year and a half for merging their European steel operations to cut costs and fight overcapacity.

Will the NDA government, whose economic programme hinges on boosting the manufacturing sector, be able to bring about the required change? The coming Union Budget may provide some of the answers.

The company's UK-based Long Products division has written to its suppliers asking for an immediate 10 per cent price cut which must go up to 30 per cent in the long term.

Tata, which posted a surprise 22 per cent rise in second-quarter net profit, is trying to revive its struggling British operation and has cut thousands of jobs since buying Anglo-Dutch Corus in 2007.

Tata plans to halt production of steel plate, which would lead to about 900 job losses in Scunthorpe in northern England and 270 in Scotland.

The company has been forced to cut costs and jobs following its ill-timed entry into Europe, where steel demand has languished after the financial crisis and clients have turned to cheaper imports.