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...The industry said that while the quota for EU steel is underutilised, the quota for “other countries” had been fully used for two quarters by Tata....
...Labour met the boss of Tata Sons in Mumbai on Wednesday and urged him to give a stay of execution to traditional steelmaking at Port Talbot, holding out the promise of more state support should the party...
...The UK government has pledged £500mn towards the transformation, while Tata intends to invest £750mn....
...Meanwhile, Tata is also set to reap the benefits from a strong home market....
...The struggling nearby town lost its Corus works 23 years ago, with Tata Steel acquiring Corus in 2007....
...Tata employs about 8,000 people across the UK....
...Tata Steel is part of Tata Group, which is a big employer in the UK, with businesses ranging from Jaguar Land Rover to Tetley Tea....
...Last September, the government agreed a £500mn grant with Tata Steel to help it switch to greener forms of steelmaking....
...The plans have triggered enough concern in Labour’s top ranks that it dispatched Jonathan Reynolds, shadow business secretary, to meet Tata Sons’ chair, Natarajan Chandrasekaran, in Mumbai last week, urging...
...Tata Steel will invest about £750mn in its UK operations as part of the deal with the government....
...UK Prime Minister Rishi Sunak held secret talks in May with Natarajan Chandrasekaran, chair of parent company Tata Sons, in an attempt to kick-start Britain’s efforts to join the global race for electric...
...MG’s EV sales in India are a distant second to Tata, which controls roughly 70 per cent of the nascent market, according to GlobalData....
Yesterday / Here Comes The Son / Help!
...Goto said Son is “exploring AI strategy . . . but anything that he likes to do always leads to Arm”....
...Tata operates two blast furnaces at its Port Talbot plant in south Wales....
...Tata’s joint venture with American group Sikorsky has been delivering “indigenous” cabins for the S-92 helicopter and associated parts to Lockheed Martin in the US....
...Tata said in a statement: “Agratas, Tata Sons’ new global battery business, will design, develop and manufacture batteries at the new gigafactory.”...
...When the new Somerset battery factory was announced last month, Tata said that “Agratas, Tata Sons’ new global battery business, will design, develop and manufacture batteries at the new gigafactory.”...
...Just two months ago, the government, which ditched its official industrial strategy in 2021, pledged £500mn in subsidies to Tata Motors, another subsidiary of India’s Tata Group, to support a new £4bn battery...
...Rishi Sunak, prime minister, held secret one-to-one talks in May with Natarajan Chandrasekaran, chair of the parent company Tata Sons, in an attempt to kick-start Britain’s efforts to join the global race...
...UK prime minister Rishi Sunak unveiled the deal on Wednesday with Natarajan Chandrasekaran, chair of parent company Tata Sons, at JLR’s factory at Gaydon in Warwickshire....
...Fresh allegations have been made against current and former News Corp executives, including Rupert Murdoch’s son James and Rebekah Brooks....
...If Son can lift the taboo on down-rounds and make valuation compromises palatable to other companies and venture capital firms, he may be the hero that the IPO market needs....
...They want Tata to consider closing the blast furnaces only once the electric arc ones are already in place....
...Laurence’s son Francois Graff, now CEO, recalls that he had doubts about how she would be received, even if he was “passionate” about the concept....
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