Get latest articles and stories on Business at LatestLY. The amalgamation of seven business units of Tata Group with Tata Steel will help reduce costs and won t have any material impact on the company s credit profile, CreditSights, part of the rating agency Fitch, said in a report on Tuesday. Business News | Tata Steel Amalgamation Won t Have Material Impact on Credit Profile: CreditSights.
The Sensex had lost 953.70 points or 1.64 per cent on Monday. The broader Nifty 50 of the National Stock Exchange closed 8.90 points or 0.05 per cent down at 17,007.40 points against its previous day`s close at 17,016.30 points.
Extending the losses to the fifth consecutive session, the Indian stock market s benchmark Sensex closed 38 points down in a volatile session on Tuesday.
Get latest articles and stories on Business at LatestLY. Extending the losses to the fifth consecutive session, the Indian stock market s benchmark Sensex closed 38 points down in a volatile session on Tuesday. Business News | Sensex Extends Losses to 5th Day, Closes 38 Points Lower.
Merger of seven entities with Tata Steel will allow simplification of management and help with sharper focus on the business, Koushik Chatterjee, CFO of the steel giant, said.