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Mnuchin reportedly urged Trump to exempt Canada from steel, aluminum tariffs

Treasury Secretary Steve Mnuchin urged President Donald Trump to exempt Canada from metals tariffs during a trade meeting Tuesday, according to a report by ABC News......»»

Category: topSource: marketwatchJun 5th, 2018

Canada mulls aid for aluminum, steel industry after U.S. tariffs

Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs, just hours ahead of a scheduled meeting between Prime Minister Justin Trudeau and domestic industry leaders......»»

Category: topSource: moneycentralJun 4th, 2018

U.S. isolated at G7 meeting as tariffs prompt retaliation

WASHINGTON/WHISTLER, British Columbia (Reuters) - U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminum......»»

Category: topSource: reutersJun 1st, 2018

G-7 finance meeting in Canada to focus on Trump tariffs

Canada's finance minister says a meeting of officials of the seven major industrial countries will now be focused on trade after U.S President Donald Trump imposed tariffs on steel and aluminum imports on America's allies......»»

Category: topSource: foxnewsMay 31st, 2018

NCLAT asks Tata Steel if it would pay Bhushan Steel"s GST, income tax dues

The company law appellate tribunal today asked Tata Steel if it will clear the statutory dues like income tax and GST of Bhushan Steel, a company it had acquired in the insolvency proceedings earlier this month. The National Compan.....»»

Category: topSource: business-standardMay 30th, 2018

Tata Steel"s deliveries up 10.7% in FY18 against market average of 8%

The branded portfolio contributes 46% to the steel company's total sales, touching 2.5 million customers across the country.....»»

Category: topSource: business-standardMay 29th, 2018

Bhushan deal was done in 48-72 hours, reveals Tata Steel CEO T V Narendran

"Normally, one would have taken 10-15 days after the NCLT approval to get things done, but we got it done in 48-72 hours," said Narendran.....»»

Category: topSource: business-standardMay 23rd, 2018

Tata Steel"s Bhushan buy to raise net leverage over next 2-3 years: Fitch

Tata Steel's acquisition of a controlling stake in debt-laden Bhushan Steel is likely to raise the former's leverage over the next two to three years, Fitch Ratings said today. The move would also offset benefits to Tata Steel's cre.....»»

Category: dealsSource: nytMay 23rd, 2018

Metal shares under pressure; Tata Steel, JSPL, Vedanta down over 5%

Vedanta slipped 6% to Rs 254, its lowest level since July 4, 2017 on the NSE.....»»

Category: topSource: business-standardMay 23rd, 2018

YES Bank recovers Rs 1.84 bn, or 66% of original claim, from Bhushan Steel

Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.....»»

Category: topSource: business-standardMay 23rd, 2018

Tata Steel"s takeover of Bhushan Steel: IBC"s "operational" test case

Deal is the first to reach resolution under bankruptcy code, leaves the case of supplier-creditors partially unresolved. How this issue pans out will determine future cases.....»»

Category: dealsSource: nytMay 22nd, 2018

Tata Steel to raise Rs 165 billion debt to fund Bhushan Steel acquisition

The banks, according to industry experts, are expected to take a whopping haircut of about 30-35 per cent in the sale of BSL to an arm of Tata Steel.....»»

Category: topSource: business-standardMay 22nd, 2018

NCLAT refuses to stay Tata Steel"s acquisition of debt-laden Bhushan Steel

The National Company Law Appellate Tribunal (NCLAT) today declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process. An NCLAT bench headed by Chairman Justice S J Mulh.....»»

Category: topSource: business-standardMay 21st, 2018

Bank of India to get Rs 19.93 bn from Tata Steel-Bhushan Steel deal

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion.....»»

Category: topSource: business-standardMay 19th, 2018

Declare Tata Steel"s bid for Electrosteel "ineligible": Renaissance Steel

Renaissance Steel is contesting Rs 53200 million resolution plan by Vedanta group for Electrosteel, which was approved by the Kolkata bench of the NCLT, before the appellate tribunal.....»»

Category: topSource: business-standardMay 18th, 2018

Tata Steel completes acquisition of controlling stake in Bhushan Steel

Tata Steel said Rs 12,000 million will be paid to operational creditors of BSL over a period of 12 months as per their admitted claims and as per the terms of the approved resolution plan.....»»

Category: topSource: business-standardMay 18th, 2018

Insolvency: Tata Steel to seek loan for Bhushan Steel buy

The producer is in talks with banks about a six-month bridge facility.....»»

Category: topSource: business-standardMay 17th, 2018

Tata Steel reports consolidated Q4 net profit at Rs 146.88 billion

The Indian steelmaker saw an exceptional gain of 113.76 billion in the quarter.....»»

Category: topSource: business-standardMay 16th, 2018

NCLT rejects plea by Bhushan Steel employees, okays Tata Steel bid

The National Company Law Tribunal (NCLT) today approved Tata Steel's bid for debt-ridden Bhushan Steel. The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs.....»»

Category: topSource: business-standardMay 15th, 2018

Aadhaar case: SC judge recounts ailing mother"s pension hurdles; top points

A five-judge Constitution Bench, headed by CJI Dipak Misra, is hearing a batch of petitions challenging the constitutional validity of the Aadhaar scheme and its enabling law.....»»

Category: topSource: business-standardMay 10th, 2018