Tata Steel accepts $130-mn to settle UK plant loss

Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.The......

Teesside case: Tribunal rules in Tata's favour

Tata Steel on Tuesday announced that a tribunal had given a partial final award in its favour in an ongoing arbitration proceeding between its UK operations (formerly Corus) and a four-member group......

Corus plant closure: 10,000 jobs may face the heat

Nearly 10,000 jobs are under threat as Tata Steel's European arm Corus is mulling closing of one of its mills in England after a group of buyers terminated a contract to buy the unit's 80 per cent......

No option but to shut UK Corus unit: Tata

The British government has said it was "not prepared" to accept an announcement by Tata Steel and its European subsidiary, Corus, that there seemed no option but to indefinitely suspend operations......