Thursday, October 16, 2008

Bombay Stock Exchange, Sensex, negative cues, Asian, other markets

Jamshedpur: World's sixth largest steel maker Tata Steel today said that there would be no job cuts in the company following the global financial turmoil.
"Tata Steel has faced such a situation in the past boldly and will face the global financial crisis this time as well. It has prepared the strategy," company's Vice-President (corporate services) Partho Sengupta told said.
Tata Steel would continue to be the largest producer of steel in the world, he said on the sidelines of a function organised by the Jharkhand cricket academy.
To a query about the sliding steel prices, he said it was a global phenomena.
Soruce: www.mid-day.com

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