On Monday, Anil Agarwal's diversified commodities empire takes a bold step as four of its companies make their debut listings. This strateg...

Germany's Thyssenkrupp is in talks with India's Jindal Steel International for a phased sale of its steel division. The deal could see Jind...

Thyssenkrupp faces internal conflict. Juergen Kerner will oppose CEO Miguel Lopez's contract renewal. This stems from dissatisfaction with ...

Thyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...

"The re-organisation will help the firm streamline the sourcing function and service each of the business units better," said a person priv...

The elevator-to-submarines group said it had reached a deal with Germany's powerful IG Metall union to cut 2,000 jobs over the next three y...

The healthy profitability at India-based Tata Steel Ltd (BB-/stable) is in line with our expectations and supports the company's credit qua...

The proposed deal will stop Tata Steel's cash losses from the LP division and help somewhat improve profitability for the Europe operations...

The order copy will thereafter be filed with the office of Registrar of Companies, NCT of Delhi and Haryana, it added.

Mistry's plan to turn around Tata Steel’s lossmaking Europe business became more difficult with Anglo-American Gary Klesch pulling out of t...

Tata Steel Europe has already put its long products business on the block and is narrowing down its focus on promising business units in Eu...

The approval has been sought through postal ballot. Last month, the company received stock exchanges' nod for the proposed demerger.

Jindal Stainless today said it has received approval from stock exchanges to restructure its businesses, a move aimed at boosting profitabi...

JSL would continue to have its Odisha-based stainless steel manufacturing operation, ferro alloys plant and captive power plant, Verma said.

The group said 580 jobs would go in south Wales with the rest being cut in England as part of proposals to restructure its management.

The Tata Group may use a large tract of land in suburban Mumbai as a sales and marketing hub for the conglomerate’s manufacturing operation...

The Baba Kalyani Group is undergoing a restructuring exercise which would entail the consolidation of its investment arms. The group is loo...