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Iran-Israel conflict not to have much impact on Tata Steel unless it lasts long: MD a& CEO T V Narendran
Economic Times
·
22d ago
Medial
Tata Steel CEO T.V. Narendran stated that the Iran-Israel conflict currently has little impact on the company, as 95% of sales are domestic. However, prolonged conflict could impact global markets and Tata Steel. Narendran highlighted that increased oil prices and logistic costs could affect trade if tensions persist. Even though Tata Steel's primary exports are to Europe and the US, any extended conflict may present challenges in trade, logistics, and costs.
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Recycling industry to be bigger than mining sector by 2050: Tata Steel MD T V Narendran
Economic Times
·
21d ago
Medial
Tata Steel MD T.V. Narendran predicts that the recycling industry will overtake the mining industry by 2050. Speaking at the Singhbhum Chamber of Commerce and Industry's platinum jubilee, Narendran highlighted opportunities in recycling and urban mining, given India's limited critical minerals and growing electronic consumption. Tata Steel itself is investing in recycling, foreseeing significant growth in managing by-products and recycling steel. Digital advancements also enable smaller companies to succeed through customization.
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Job cuts in Tata Steel's UK operations inevitable: CEO T V Narendran
YourStory
·
1y ago
Medial
Tata Steel's CEO, T V Narendran, has stated that around 2,500 workers at the company's UK operations will inevitably lose their jobs as the firm transitions to the low-emission electric arc furnace (EAF) process. This move is part of Tata Steel's decarbonisation plan and will reduce production costs and CO2 emissions. However, unions are protesting against the job losses. In September 2023, the company and the UK government agreed on a joint investment plan of £1.25 billion ($1.75 billion) to implement decarbonisation measures at the Port Talbot steel-making facility.
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Tata Steel CEO says job cuts in Britain ‘least bad option,’ will continue talks
Livemint
·
1y ago
Medial
Tata Steel CEO, TV Narendran, has stated that the planned job cuts in the UK were the "least bad option" for the company. Tata Steel intends to close its two blast furnaces in Britain, resulting in up to 2,800 job losses. Despite the plan being rejected by trade unions, Narendran hopes to reach a conclusion through continued talks. He emphasized that the company is not profitable and restructuring is necessary. Tata Steel is also looking into India's ongoing auction of critical minerals and expects strong steel demand in the country.
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Iran-Israel conflict swells again: 4 films to watch that decode the rivalry
Economic Times
·
1m ago
Medial
Israel and Iran's conflict escalated as Israel targeted Iranian air-defense sites to weaken Tehran’s missile capabilities, prompting threats of a stronger response from Iran. The enduring rivalry, fueled by decades of proxy confrontations, is explored through films like "Atomic Falafel," "Rita Jahan Foruz," "One Wish for Iran, Love Israel," and "The Impossible Spy." These films offer insights into the geopolitical and cultural complexities of the conflict, highlighting human stories amidst the tensions.
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Iran says 'all options on the table' in case of US intervention
Economic Times
·
27d ago
Medial
Iran has warned the United States against intervening in support of Israel, with Deputy Foreign Minister Kazem Gharibabadi stating that Iran is prepared to defend itself if necessary. The warning reflects tensions due to a potential US involvement in the Israeli conflict. Iran emphasizes its readiness to act, with military decision-makers having all options available. This comes amid heightened geopolitical tensions in the region involving Iran, the US, and Israel.
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Ajit Ranade: West Asia’s upheaval intensifies India’s challenges of geopolitics
Livemint
·
1m ago
Medial
The escalating Israel-Iran conflict intensifies geopolitical challenges for India, notably impacting oil stability and global trade dynamics. This turmoil presents an opportunity for India to diversify its trade policies to strengthen its economy. The conflict escalated when Israel launched unexpected attacks on Iran, targeting nuclear facilities and key figures, due to perceived existential threats posed by Iran's advancing nuclear capabilities. This tension increases complexities for New Delhi amidst global economic instability.
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'I gave Iran chance after chance to make a deal': Trump warns Iran to act quickly, urges end to violence amid Israel conflict
Economic Times
·
1m ago
Medial
Former U.S. President Donald Trump warned Iran to make a deal amid rising tensions with Israel, following Israeli airstrikes in Iran. He stressed urgency, stating that a deal should be made before further destruction occurs. His comments preceded scheduled talks between Iran and the U.S. in Oman regarding Iran's nuclear program. The conflict involves longstanding hostilities between Israel and Iran, further intensified since the 2023 Gaza war began. Trump ended his statement urging for peace.
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Better equipped to tackle supply chain woes from lessons learnt during chip crisis: Tata Motors
Economic Times
·
22d ago
Medial
Tata Motors has improved its ability to manage supply chain challenges, having learned from the semiconductor crisis during COVID-19. Despite global issues like the Israel-Iran conflict, China's export restrictions on rare earth, and a US tariff hike affecting Jaguar Land Rover, Tata Motors is equipped to navigate these disruptions. The company is not planning to establish a US manufacturing unit. It is focused on demand management and leveraging alternative sources to maintain its production schedule and EV launch plans.
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WhatsApp 'concerned' services to be blocked after Iran calls to delete app
Economic Times
·
28d ago
Medial
WhatsApp expressed concern over potential blockage in Iran after state TV urged deleting the app, alleging data sharing with Israel. Iran banned internet-fueled apps amidst conflict with Israel, claiming security threats. WhatsApp refuted allegations, emphasizing end-to-end encryption and lack of personal data tracking or government data provision. Amid ongoing tensions and protests, Iran imposed internet restrictions and advised minimal online equipment use for public safety, affecting accessibility of services and apps.
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Iran attack on Israel: Dangerous escalation could spell dire implications for India’s oil supply
Money Control
·
1y ago
Medial
Iran launched a counter-strike against Israel with armed drones and missiles. Though most of the attacks were intercepted, an Israeli airforce base was reportedly hit. This escalation in conflict has implications for India, as it has close relations with both Iran and Israel. The conflict spreading to the Gulf could impact global oil prices, with India heavily dependent on oil imports from the region. India has issued a travel advisory to citizens, and there are concerns for the safety of Indian crew members on a seized vessel in the Hormuz Strait. The situation remains volatile and could draw the US into the conflict.
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