Corus, owned by the Tata Steel Group, has announced plans to cut 400 jobs at its distribution arm, saying it had been operating in a "volatile and fluctuating" market. The proposed job losses will be spread across Britain, including 100 in the West Midlands, nearly 100 in North Wales, 50 in South Wales and 50 in Leeds, the steel giant said on Thursday.
The rates came down to Rs 12,000 per 10 gram in Delhi.
http://www.ibnlive.com/news/gold-tumbles-globally-cheapest-glitter-in-delhi/61652-7.html
With rupee getting stronger, India asks tourists to stop paying in dollars.
http://www.ibnlive.com/news/no-dollars-please-india-tells-tourists/55507-26.html
Pakistan has diverted American military aid to get weapons used against India.
http://www.ibnlive.com/news/pak-uses-us-aid-to-get-weapons-against-india-nyt/54955-2.html
Tourists visiting monuments must pay fixed local rupee rate rather than in dollars.
http://www.ibnlive.com/news/thanks-but-no-thanks-india-curbs-tourist-dollars/52421-7.html
Dogs are now laying paws on our money!
http://www.ibnlive.com/news/naughty-dog-chews-up-800-in-cash/45226-13.html
Tata Steel will hold a Board meeting to consider raising long-term funds for its $12 billion takeover of Anglo-Dutch firm Corus.
http://www.ibnlive.com/news/tata-steel-pooling-funds-for-corus/38205-7.html
Sarin hoped Ruias will stay invested in the Hutch-Essar venture and said he will make all the efforts to placate them.
http://www.ibnlive.com/news/we-want-ruias-support-arun-sarin/33611-7.html
UK's Vodafone acquired India's fourth largest mobile venture for an estimated enterprise value of 19-20 billion dollars.
http://www.ibnlive.com/news/vodafone-wins-hutchessar-bid/33314-7.html
TATAs victory over Brazilian CSN for Corus is not just a win for TATAs but is a victory for India as well.
http://www.ibnlive.com/news/tata-gives-india-a-winning-edge/32608-7.html
A day after Brazilian steel giant CSN offered a higher bid than the Tatas to acquire Corus, the Anglo-Dutch steel maker announced postponement of the December 20 EGM.
http://www.ibnlive.com/news/corus-defers-egm-to-allow-formal-bid/28349-7.html
A price war between Tata Steel and Brazilian steel-maker CSN appears to be on the cards for takeover of Corus.
http://www.ibnlive.com/news/takeover-battle-for-corus-looms-large/26778-7.html
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