News for Tata Steel Long Products Limited (TATASTLLP.NS)

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.

TRF shareholders were to get for 17 shares of Tata Steel for 10 of the company, which was a 53 percent discount at the time. The discount had narrowed to 10 percent as per the closing price of February 6

In 2022, the Tata Steel board had approved a proposal to merge seven of its subsidiaries into itself.

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

Tata Steel approves share allocation, Honasa Consumer profits surge

Tata Steel board approves allotment of 7.58 cr shares to eligible shareholders; BSE, NSE impose fines on Adani Green Energy; Genesys International signs pact with Survey of India; USFDA pulls up Cipla for manufacturing lapses; Power Grid Corp board approves Rs 367 cr investment; CDSL crosses 10 cr demat accounts; CG Power files application for semiconductor facility; Servotech Power Systems bags order for 2,649 EV chargers; Sintex BAPL gets Odisha govt approval for Rs 479.47 cr investment; Mukta Arts enters into agreement with Al-Othaim; Mirae Asset Mutual Fund increases stake in Gujarat State Petronet; Shalby executes Amendment Agreement with Santacruz Residents Association; BCPL Railway Infrastructure bags electrification project; CE Info Systems board to consider fund raising proposal.

Walchandnagar Ind said there is a strike by the labour union at Walchandnagar unit and operations are partially affected. There is no strike at Maharashtra, Dharwad plants.

Tata Steel Long Products Ltd. On Thursday said that the company's shares will be suspended for trading w.e.f. Nov. 17 on account of Tata Steel merger.

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

Nifty futures on the NSE International Exchange traded 12 points, or 0.06 per cent, higher at 19,687, hinting at a flattish start for the domestic market on Friday.

Stocks to watch out for today: IRCON International, Maruti Suzuki, Infosys, HCL Tech, RITES, Paytm, Persistent Systems, IDBI Bank, Glenmark Pharmaceuticals, HDFC Asset Management Company, Sun Pharma, Advance Lifestyles and more

A short build-up was seen in 50 stocks, including Delta Corp, TCS, Infosys, Zydus Lifesciences, and BHEL

India Business News: Tata Steel on Monday said T V Narendran has been appointed again as the company's Chief Executive Officer & Managing Director for a period of five yea

A short build-up was seen in 70 stocks, including Delta Corp, Federal Bank, Power Grid Corporation of India, Chambal Fertilizers and Bata India. An increase in OI along with a price fall indicates a build-up of short positions.

With a rally of 105.50 per cent, TRF is the top grosser among the Tata group stocks. Shares of the company jumped to Rs 289.75 on September 29, 2022 from Rs 141 on December 31, 2021.

BSE Sensex and NSE Nifty 50 were trading flat with a positive bias on Wednesday, a day before weekly F&O expiry.

Benchmark indices extended gains on Monday on the back of buying in auto and construction stocks. The BSE Sensex rose over 450 points or 0.84% to 54,782, and the NSE Nifty 50 gained 104 points to 16,370.

The Sensex and Nifty are set to open flat to higher on Tuesday, following positive cues from Asian peers and muted trends at SGX Nifty futures.