India's Tata Steel shares plunge on higher offer price for Corus
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Shares in India's Tata Steel have plunged more than four percent after it raised an offer to buy Anglo-Dutch steelmaker Corus by nearly 10 percent.
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India's Tata Steel would not comment on whether it was staying in the race for Corus Group after investors allied to Brazilian steelmaker CSN were reported to have scaled up their combined stake in the Anglo-Dutch company to more than 15 percent.
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Mumbai, Aug. 22: Ratan Tata rousted industry shoguns out of their Sunday siestas with the announcement that Tata Steel would reduce prices by Rs 2,000 per tonne in a decision that takes immediate effect.
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Indian tycoon Ratan Tata said he could give no guarantees over the safety of jobs, following his firm's successful bid for Anglo-Dutch steelmaker Corus Group Plc.
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CHICAGO - Shares of steel companies tumbled Thursday, after a published report detailed the threat of a global steel oversupply due to China&#39;s new position as a net exporter.
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Retailer's stock sinks after investors agree to sell their shares at a lower-than-expected price.
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LONDON/MUMBAI  - Brazilian steelmaker CSN has agreed to buy Anglo-Dutch rival Corus Group for 4.9 billion pounds ($9.6 billion) in cash, trumping an offer agreed only hours earlier with India's Tata Steel.
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Anglo-Dutch steel firm Corus says it is accepting a revised Â£4.7bn takeover offer from Indian rival Tata Steel.
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Anglo-Dutch steelmaker Corus CS.L   CS.AS met forecasts with a 32 percent decline in first-half   core earnings but its shares fell after it warned there was no   sign of a let-up in cost pressures.
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Shares in Reliance Power fall 17% on their first day of trading in India's biggest stock market flotation.
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Indian software and services giant Tata Consultancy Services (TCS) made its stock market debut today, jumping 16 per cent over the day as investors piled money into the firm.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group   with a 6.2 billion pounds ($12 billion) offer.
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MUMBAI, Aug 25. - The Tata Consultancy Services stock was today listed at Stock Exchange, Mumbai at Rs1,050 and at National Stock Exchange at Rs 1,198.
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India's biggest private steel firm Tata Steel confirmed that it was mulling a possible takeover of Anglo-Dutch steel giant Corus Group.
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LONDON/MUMBAI  - India's Tata Steel  is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group  with a 6.2 billion pounds ($12 billion) offer.
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Brazilian steelmaker CSN  said on  Monday it had agreed to buy Anglo-Dutch rival Corus  for  4.9 billion pounds ($9.6 billion), trumping an offer from  India's Tata Steel  announced only hours before.
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7 billion-dollar bid.