In addition, the Company has several downstream product extensions with manufacturing facilities for Wires, Tubes, Bearings, Agriculture Equipment, and Industrial By-products. Tata Steel’s consolidated crude steel production capacity in India stands at 20.6 MnTPA with manufacturing facilities in Jamshedpur and Gamharia in Jharkhand, Kalinganagar and Meramandali in Odisha. Tata Steel’s manufacturing and downstream facilities are in India, the UK, the Netherlands, and Thailand, while its raw material mines are in India and Canada. Tata Steel group is spread across five continents with an employee base of over 65,000.įocussing on Innovation, Technology, Sustainability & People, the Company strives to be the global steel industry benchmark for value creation and corporate citizenship and become the most respected and valuable steel company globally. In what comes as a relief for Air India staff residing in housing colonies, the Bombay High Court on August 25 extended the time period of clearing out such residential colonies in Mumbai and Delhi till September 24.Tata Steel Limited, with a consolidated turnover of US $32,836 million in the financial year ending March 31, 2022, is the 10 th largest steel producer in the world with an annual crude steel production capacity of 34 MnTPA.Įstablished in Jamshedpur (Jharkhand, India) in 1907, the Company took shape from the vision of its founder Jamsetji Nusserwanji Tata and is today one of the world's most geographically diversified steel producers with operations and commercial presence across the world. Relief to Air India employees: Bombay HC gives time till September 24 to clear housing colonies
Edifice had already completed rigging of both the towers with explosives on August 22. Three days ahead of the demolition of Supertech's illegal twin towers, Edifice Engineering, the company responsible for carrying out the controlled implosion, has completed floor to floor interconnection of explosives in both the towers on August 25. Supertech Twin Towers Demolition: Edifice completes floor-to-floor interconnection work The private lender stated that it has entered into "an indicative and non-binding term sheet with Go Digit Life Insurance. HDFC Bank on August 25 announced it will invest Rs 49.9 crore to Rs 69.9 crore in Go Digit Life Insurance in two tranches to acquire up to a 9.94 percent equity stake in the company. HDFC Bank to buy nearly 10% stake in Go Digit Life Insurance The Union Cabinet on August 25 approved a proposal to amend the existing policy which exempts wheat or meslin flour from any form of export restrictions and bans, the Commerce and Industry Department said. With an eye on curbing fast-rising prices of wheat flour in the domestic market, and ensuring food security, the Centre has now brought in policy changes that can finally restrict the export of wheat flour, especially Atta. Analysts said markets have factored in an aggressive rate hike from the Federal Reserve, but nevertheless may remain volatile ahead of monthly expiry.Ĭabinet tweaks policy to allow ban of wheat flour exports as global demand shoots up At closing, the benchmark Sensex dropped 0.53 percent or 310 points to 58,774 while the Nifty lost 0.47 percent or 82 points to 17,522.
The benchmark Sensex and Nifty, which had risen as much as 0.7 percent each in morning trade, erased all its gains.
Indian markets erased all its morning gains and turned negative.
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