News for Tata Metaliks Limited (TATAMETALI.BO)

Aug 10, 2023 / 06:30AM GMTParvatheesam Kanchinadham - Tata Steel Limited - Company Secretary, Compliance Officer & Chief Legal Officer(Corporate&Compliance) Goo

India Business News: Tata Steel has decided to call off the merger with TRF due to the significant improvement in its business performance. Find out more about this development and its impact on Tata Steel.

The five companies being integrated are Tata Steel Mining Ltd, Tata Steel Long Products Limited, S&T Mining Company Limited, The Tinplate Company of India Ltd, and Tata Metaliks Limited.

Tata Steel's proposed merger with TRF called off due to improved operations, while other mergers are underway.

Tata Metaliks Limited dropped from S&P Global BMI Index...

The company is one of the few manufacturers of CRS-grade rebars and supplies to the Indian armed forces as well as to other national infrastructure projects.

Tata Steel Limited (OTC:TATLY) Q3 2024 Earnings Conference Call January 25, 2024 3:30 AM ETCompany ParticipantsT.V.

Tata Steel approved the merger of its subsidiary Indian Steel and Wire Products along with the amalgamation of six more subsidiaries in 2022.

China’s exports hit global steel prices as well as profitability, Tata Steel CEO Narendran says

Tata Metaliks Ltd has been sanctioned by the National Company Law Tribunal for amalgamating into Tata Steel, causing the cancellation of a board meeting to announce the subsidiary's financial results. The merger will be considered alongside Tata Steel's results for the quarter and nine months ended December 31, 2023.

According to a regulatory filing by Tata Metaliks, the board meeting, scheduled for January 12, to declare company's financial results has been cancelled.

A long build-up was seen in 58 stocks, which included Delta Corp, HDFC Asset Management Company, Gujarat Gas, Torrent Pharmaceuticals, and Mahanagar Gas.

The RBI has set the redemption price at Rs 6,132 per gram which is a 128% (Rs 3,448) premium over the issue price of Rs 2,684 per gram, the interest income is calculated over the issue price at 2.5% per annum for the maturity period of eight years

The last Tata firm to go public was TCS in 2004. Since then, Titan Company has seen the biggest gains, jumping a whopping 49,395 per cent

The profits have risen despite lower revenues on declining material costs.

Based on the OI percentage, 64 stocks were on the short-covering list. These included Sun TV Network, Torrent Pharma, Balkrishna Industries, Bosch, and ABB India.

Stocks to watch out for today: Delta Corp, Vedanta, TCS, Infosys, HCL Tech, RVNL, Patanjali Foods, Vascon Engineers, Pricol, Suzlon Energy and more

A short build-up was seen in 50 stocks, including ICICI Prudential Life Insurance Company, Bank of Baroda, IndiaMART InterMESH, Balrampur Chini Mills, and Coforge.

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