E-PaperBritish Steel News
JSW Steel weighs British Steel’s prospects ahead of likely bid
The steelmaker is examining a proposal by the UK firm’s liquidation advisor EY, but is yet to make an offerJSW is unlikely to make a bid for all the assets of British Steel and may cherrypick a few, analysts say
3 min read6 Jun 2019British Steel collapses, costing thousands of jobs
Some 5,000 people are employed by British Steel and an estimated 20,000 more have links to the firm's supply chainThe High Court in London ordered British Steel Limited into compulsory liquidation
1 min read22 May 2019New Tata Steel UK pension scheme to be set up after meeting minimum criteria
The trustee of the British Steel Pension Scheme (BSPS), a 124,000 member final salary scheme from previous owner British Steel, said in a statement the new BSPS would go ahead on 28 March as planned
1 min read14 Mar 2018Tata Steel inches closer to Europe JV as pension woes set to end
Tata Steel Ltd and the trustee of the British Steel Pension Scheme have agreed to terms to separate the plan from the Indian steelmaker's UK unit
1 min read11 Aug 2017Tata Steel confirms UK workers have voted in favour of pension proposal
The formal pension consultation is expected to conclude in the coming days, Tata Steel said in a BSE filing
1 min read16 Feb 2017Tata Steel UK workers vote to accept cuts to pension benefits
The vote allows Tata Steel UK to close its $18.7 billion BSPS to future accrual and replace the final salary scheme with a less generous defined contribution scheme
2 min read16 Feb 2017Tata Steel’s UK pensions trustee warns deficit to surge
Tata Steel has held talks to merge its European assets with Thyssenkrupp, but the success of those talks hinges on Tata being able to separate itself from its UK pension scheme
2 min read27 Jan 2017British Steel to reverse Tata Steel pay cuts at UK plant: report
The 'Guardian' reports British Steel lost 80 million in the final year of Tata Group's ownership but is on course to cover 39 million of investment and turn a profit
2 min read26 Jan 2017Tata Steel UK pension reform to clear way for ThyssenKrupp JV?
If an exit from UK is not on the cards, sharing the burden is a more palatable outcome
2 min read12 Dec 2016Sanjeev Gupta of Liberty House: Salvager of distressed assets
Liberty House founder Sanjeev Gupta on the formula behind turning around firms successfully and his diversification strategy
10 min read23 Sep 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared