UK government appoints Credit Suisse to chart out Tata Steel rescue plan
Tue, Sep 8, 2020 5:53 PM

UK government appoints Credit Suisse to chart out Tata Steel rescue plan

Get it on Google Play
The British government has brought in investment bankers to salvage Tata Steel’s UK business to preserve thousands of jobs, after parent company Tata Steel said it would be unable to fund the European unit’s losses. The country’s biggest steelmaker employs 8,000 people in the UK, including 3,500 at Port Talbot in south Wales.

More great flips

Fuel prices at an all-time high; petrol price in Mumbai near Rs99

Fuel prices at an all-time high; petrol price in Mumbai near Rs99

Fuel prices in India stayed flat on May 17 after setting a new record high the previous day. Mumbai is just a rupee away from Rs100 per litre petrol mark. In Delhi, on Monday, per litre petrol is valued at Rs92.58, while diesel is priced at Rs83.22 a litre. Meanwhile, in Mumbai, per litre diesel at Rs90.40. In Chennai, petrol is available at Rs94.31 per litre and diesel at Rs88.07 per litre.

Open Flip
Hero MotoCorp restarts production at three plants from today

Hero MotoCorp restarts production at three plants from today

Hero MotoCorp is gearing up towards a gradual resumption of operations by starting single shift production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in the northern hill state of Uttarakhand – from Monday onwards. Additionally, these plants will also have an enhanced focus on catering to the Global Business (GB) markets across the world.

Open Flip
Dr Reddy's confirms 8-9 states have approached for Sputnik V vaccine

Dr Reddy's confirms 8-9 states have approached for Sputnik V vaccine

Dr Reddy's on May 17 announced that 8-9 states have approached the vaccine maker for purchase of Sputnik V COVID-19 vaccine. The company named Andhra Pradesh and Telangana, among the states that have reached out to them. Dr Reddy's had announced that the imported doses of Russia's Sputnik V COVID-19 vaccine have been priced at Rs 948 plus 5% GST or Rs 995.40 per dose.

Open Flip

Join our Smart Investment Community

More than 250,000 users are using FlipItNews to stay updated about the business and finance world! Join FlipItNews now and take smart investment decisions!
Icon