The Corus deal could change the dynamics of global steel. But it has already turned the relationship between the Tata and Ambani groups on its head.
“In the next few years we will come to think of this as a very visionary step, which will have long term repercussions very positive for India,” said Ratan Tata, [...]

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Early morning it was all quiet outside Mumbai’s Tata House, unmindful that it had become part of history that had just been made thousands of miles away.
Global steel major Corus had been taken over by the Tata’s in a long drawn out bidding war with Brazilian steel major CSN.
CSN’s highest bid had been 603 pence [...]

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Tata Steel is moulding a brand new future for itself but it is turning out to be a trial by fire. At least as far as Dalal Street goes, inside dealing rooms, news of Tata Steel’s victory was greeted with pessimism.
CLSA immediately downgraded Tata Steel, giving it a sell recommendation. BRICS also put a sell [...]

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Exuberant after a thriller deal to acquire Anglo-Dutch steel giant Corus for $11.3 billion, Tata Group supremo Ratan Tata dubbed the victory as “a moment of fulfillment for India.”
“This will prove to be a visionary move,” Tata said within hours of Tata Steel making a winning bid of 608 pence a share for Corus to [...]

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IIM Bangalore has set the ball rolling, beginning with the new academic year. It will be hiking fees for all its courses starting with a Rs 25,000 fee hike for its Post Graduate program and following it up with a similar hike on its other courses.
“Fees will be hiked from Rs 1.75 lakh to Rs [...]

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The battle for Anglo Dutch steel maker Corus has entered its final stages.
Bidding began at around 10:00 pm (IST) on Tuesday with Tatas and CSN of Brazil trying to outdo each other on share price and evaluations.
Tatas are expected to raise their bid from their current 500 pence a share to outdo CSN’s 515 pence [...]

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