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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Chairman N. Chandrasekaran may have ensured a 500 million pound grant for the Port Talbot facility’s transition, but given the risks and money involved, the exercise will test the Indian parent’s patience with the loss-making business.
Last week, Tata Steel scored a significant win for its operations in the UK, convincing the Labour government to give it a grant of 500 million pounds. The money will be used to transform the steelmaking technology of its plant at Port Talbot, Wales—from the present blast furnace to a greener electric arc furnace. Tata Steel’s share in the 1.2 billion pound project is 750 million pounds.
The deal to secure the grant, initially signed in September 2023 with the Conservative government, came under a cloud after the Labour party came to power in the recently held elections. The bone …
Government subsidies have drawn companies into basic chip packaging, where China and Malaysia already hold an edge. Moving up the value chain may prove to be a stiff task.
In a surprise move on Wednesday, the Tata Sons chairman announced he will exit Bombay House at the end of his tenure in February 2027. He leaves at what is one of the most crucial times for the group.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
