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The Latest Breaking News from TATA

Tata agrees Port Talbot deal with National Grid despite union criticism

New furnaces will be powered by electricity from 2027 but up to 2,800 workers will be made redundant

The Guardian - UK

India's Tata Nexon EV Is A Simple, Affordable Solution To A Complex Problem

The 2024 Tata Nexon EV is spearheading the EV revolution in India, one of the world’s most polluted countries.

InsideEVs

Tata Steel rejects union plan to save jobs and keep Port Talbot furnace open

Rejection of plan to keep one blast furnace open while building electric replacement ends hopes of avoiding as many as 2,800 job losses

The Guardian - UK

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Benchmark indices open in red after 3-day rally

Stock market indices opened on Thursday in decline after a three-day rally. The Nifty 50 index declined 60 points to 22,341 at the opening trading session today while the Sensex slumped 190 points to 73,663. Read further on Dynamite News:

Dynamite News

Tesla Wants To Pivot To Robotaxis. It Still Won't Answer One Key Question

Today on Critical Materials: Tesla's robotaxi liability, Nissan picks up gigacasting and solid-state batteries, plus Tesla and Tata strike a deal.

InsideEVs

Nepo Baby Billionaires: Forbes' Youngest Are All Heirs

There are no self-made billionaires under the age of 30 on Forbes' list of the world's richest, for the first time in 15 years.

Kiplinger

Pilot discontent spills over ahead of Air India merger

Two trade unions of Air India pilots joined cause with Vistara’s cockpit crew and said in a letter addressed to Tata Sons Chairman N Chandrasekaran that concerns over a revised pay structure and hectic rosters extended to all Tata Group airlines, where crew were being treated as “bonded labour”.

The Hindu

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This Indian SUV beat all Japanese & Korean rivals to emerge as best-seller

For the third consecutive year, the Tata Nexon has emerged as the largest-selling SUV in India, beating its Japanese and Korean rivals in FY24. The SUV has retained its numero uno position despite its sales taking a hit in August 2023 as the facelift model was about to be launched…

Dynamite News

The collapse of Port Talbot’s steelworks is a death knell for industrial, working-class Britain

UK industrial towns offered not only well-paid jobs, but a whole working-class culture. A radical alternative is desperately needed, says former coalminer Keith Gildart

The Guardian - UK

Tata would ‘push on with Port Talbot job losses even with Labour subsidy’

Exclusive: Sources close to Tata say thousands of steelworks redundancies would still go ahead despite promise of support

The Guardian - UK

South Wales ‘heading for Thatcher-era shock’ as Port Talbot closures loom

Labour says fallout from Tata decision to close blast furnaces at steelworks will be felt for decades

The Guardian - UK

‘Am I going to be homeless in June?’: Port Talbot workers fear return to 1980s

Employees believe closure of steelworks’ coke oven will accelerate end of blast furnaces, with loss of up to 2,800 jobs

The Guardian - UK

Unions condemn Tata Steel decision to shut Port Talbot coke ovens early

Union condemns decision as ‘massive blow’ and comes after firm confirmed closure of blast furnaces by end of year

The Guardian - UK

Cabinet approves three semiconductor proposals in Gujarat, Assam

Union Cabinet approves setting up three semiconductor units by Tata Group and Renesas to reduce India's chip import dependence.

The Hindu

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International Business Times

'I Need To Fight': UK Steelworkers In Fear As Less Pollution Means Less Jobs

In the dim light of a pub in the steel-producing Welsh town of Port Talbot, Jason Wyatt sips his beer, his voice laden with worry.

The Guardian - UK

UK officials recommend extending post-Brexit steel quotas

Kemi Badenoch to make final decision on protections amid British industry fears of possible flood of imports

The Guardian - UK

If the government really cared about keeping Britain safe, it would care about Port Talbot and steel

In a precarious world, we can safeguard supplies – and meet net zero too, says Sharon Graham, general secretary of Unite

The Hindu

In a first, Tata Motors cuts its EV car prices

Tata Motors, the market leader in electric passenger vehicles, has reduced prices for two EV cars in India.

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news in one place.

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The Guardian - UK

Post-Brexit watchdog ‘ready’ to investigate flood of cheaper Chinese electric cars

Remarks by head of trade authority come amid fears UK firms could be undercut ‘to extinction’

InsideEVs

In Vietnam, VinFast's Critics Face The Police

At least two different critics have been questioned by Vietnamese authorities for criticizing VinFast. What does this mean for the brand's U.S. aspirations?

The Guardian - UK

Jaguar tells ministers stopping car thefts more important than tax cuts

As JLR reveals highest quarterly profit since 2017, its boss calls for UK to spend more on policing

The Guardian - UK

Tata Steel boss defends decision to cut thousands of jobs at Port Talbot

TV Narendran says shareholders in Indian-listed firm had grown weary of billions of pounds being spent on plant

The Guardian - UK

Tata Steel ‘open to more UK investment’ despite Port Talbot job cuts

Exclusive: Steelworks owner to float possibility of new, smaller plant as it prepares to defend redundancies in Wales to MPs

The Guardian - UK

‘Hypocrisy’: Tata builds vast India furnace despite Port Talbot emissions claims

Owner says shutting Welsh blast furnaces will cut emissions, but it is opening a new one in India

The Guardian - UK

Hundreds of millions of pounds extra investment needed in Tata steel, Welsh economy minister warns – as it happened

Rolling coverage of the latest economic and financial news, as steel workers head to parliament to press MPs over job cuts at Port Talbot

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