News Roundup: Tata Steel eyes sale of some UK assets

Tata Technologies (TTL) has signed definitive agreements to acquire U.S.-based Cambric Corporation, an engineering services company, for $32.5 million (around Rs.177 crore). Tata Technologies provides engineering services and manufacturing ...

The TATA Group will never favour a hostile takeover, its former chief Ratan Tata has said that "We spend a lot of time looking at the human chemistry." He added that "Yes, I've said that and what I mean is that if a company doesn't want us, we-re ...

Foreign fund Arisaig Partners Asia has consolidated its stake in Trent, the retail arm of Tata group, by acquiring an additional 4.37 lakh shares in the company for over Rs 44 crore.As p...

In 2007, Tata Steel created history of sorts by acquiring Anglo-Dutch steel maker Corus (now ) in a $13-billion deal. It was the biggest foreign acquisition by an Indian company ever. Its merits were there for all to see. In one stroke, Tata Steel ...

Tata Group flagship Tata Steel has announced a $1.6-billion goodwill impairment charge for the loss of value of Tata Steel Europe (TSE), formerly Corus, and other overseas assets in Thailand and South Africa in the wake of a slump in demand across ...

In April this year, when India's largest IT services provider, Tata Consultancy Services (TCS), announced the acquisition of France-based Alti, it hinted towards the next area of focus for the industry: continental Europe. Europe, excluding the UK, ...

Tata Consultancy Services Ltd has agreed to acquire Alti SA from CM-CIC LBO Partners for a total consideration of $97 million. Value: $97 million Parties involved Legal advisers Tata Consultancy Services Ltd Alti SA Orsay Avocats Associés CIC LBO ...

Eureka Forbes, a part of the Shapoorji Pallionji group, has entered into an agreement with Switzerland-based Lux International to acquire majority stake in Lux. The financial details of the transaction, however, were not disclosed. Lux International ...

Amsterdam is wooing the Tata Group to open a hotel in the city. In turn, the hotel group has asked the city to keep it posted on heritage buildings. In fact, one heritage building under consideration is a court in Amsterdam, which has shifted to a ...