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Tata warns UK steel-making needs ‘big profits’ to survive

Bloomberg The smoking towers of the Port Talbot steelworks have dominated the South Wales skyline for more than a century. If they’re to continue to do so for decades to come, they’ll need to make more money. The past decade has seen some of the most traumatic years for the plant. Hurt by the global financial crisis and then by ...

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Indian billionaire KM Birla says he’s hungry for deals

Bloomberg Kumar Mangalam Birla, the billionaire chairman of the acquisitive Indian conglomerate that bears his name, said he’s hungry for more deals after creating the nation’s biggest mobile-phone operator. His Aditya Birla Group continues to look for targets in the US, Europe and India that make business sense and are likely to add value, the 51-year-old said at Bloomberg’s India ...

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India plans doubling of sugar export aid

Bloomberg India, the world’s top sugar producer after Brazil, is considering a proposal to provide 45 billion rupees ($617 million) assistance to sugar mills to boost exports and cut domestic surplus next year. The government plans to provide a subsidy of 13.88 rupees per 100 kilograms of cane to sugar mills in the year starting from October 1, compared with ...

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