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Asian businesses in UK to lead fight in global recession

Asian businesses in UK to lead fight in global recession
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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Tata Steel takes Liberty Steel to court in UK over 'missed payments

Tata Steel takes Liberty Steel to court in UK over missed payments
Tata Steel takes Liberty Steel to court in UK over missed payments
Indian steel major Tata Steel has filed a commercial court claim in the UK against British Indian steel tycoon Sanjeev Gupta led GFG Alliance, which owns Liberty Steel, over alleged missed payments from an acquisition dating back to 2017.
Liberty Steel had stepped in to acquire Tata s Speciality Steels business employing more than 1,700 people in Yorkshire, Lancashire and the West Midlands in an estimated 100 million pounds deal, which Tata Steel announced as complete in May 2017.
Now, it has emerged that payments have been missed in that transaction resulting in Tata launching proceedings against Liberty Speciality Steels, Liberty House Group PTE and Speciality Steel UK - all parts of GFG Alliance, The Daily Telegraph first reported. ....

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Tata Steel takes Liberty Steel to court in UK over missed payments'

Indian steel major Tata Steel has filed a commercial court claim in the UK against British Indian steel tycoon Sanjeev Gupta led GFG Alliance, which owns Liberty Steel, over alleged missed payments from an acquisition dating back to 2017.
Liberty Steel had stepped in to acquire Tata s Speciality Steels business employing more than 1,700 people in Yorkshire, Lancashire and the West Midlands in an estimated 100 million pounds deal, which Tata Steel announced as complete in May 2017.
Now, it has emerged that payments have been missed in that transaction resulting in Tata launching proceedings against Liberty Speciality Steels, Liberty House Group PTE and Speciality Steel UK all parts of GFG Alliance, The Daily Telegraph first reported. ....

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NRI business chiefs in UK welcome 'pathbreaking' Union Budget

Updated Feb 01, 2021 | 19:31 IST
The extension of tax holiday for start-ups and increased allocation for research and development will encourage innovation. Tax relief provided to non-resident investors is a welcome move
NRI business chiefs in UK welcome pathbreaking Union Budget
London: Two leading NRI business chiefs in the UK welcomed the Union Budget tabled by finance minister Nirmala Sitharaman as a promising and pathbreaking initiative.
Hinduja Group Co-Chairman Gopichand P Hinduja said the proposed capital expenditure of Rs 5.54 lakh crores, 34.5 per cent higher than the current year, augurs well for the infrastructure, manufacturing industry and job creation and also welcomed the hike in the foreign direct investment (FDI) cap for the insurance sector. ....

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Bull Moose Tube Announces Completion of Capital Investment Upgrades at its Two Largest Facilities

Bull Moose Tube Announces Completion of Capital Investment Upgrades at its Two Largest Facilities
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CHESTERFIELD, Mo., Jan. 12, 2021 /PRNewswire/ Bull Moose Tube Company ( BMT ), a Caparo Bull Moose subsidiary, today announced completion of major capital investment projects at its two largest tubular facilities in Elkhart, IN and Trenton, GA. The multi-million dollar investments in new high-performance equipment will optimize both facilities operational capabilities.
The projects involved leading edge upgrades to the drive and automation control system, installation of a new induction unit, upgrades to the sizing section of the mill with state-of-the-art quality assurance capabilities, and upgraded cutoff quality and length accuracy. The upgrades will enhance product quality, increase production efficiency and reliability, and add operational flexibility. ....

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