1) Which TATA Steel mine has won a Green Future leadership award?
a. Bokaro
b. Dhanbad
c. Katamati
d. None of the above
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Answer
Explanation
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ANSWER: Katamati
Explanation:
Tata Steel's Katamati iron mine was felicitated with the Best Green Organisation of the Year Award at the Global Green Future Leadership Awards in recognition of its environmental protection measures.
The award was presented at a function organised by World CSR Day on February 18 in Mumbai.
Rahul Kishore, Head (Mining Operations), Katamati Iron Mine, Tata Steel received the award on behalf of Tata Steel from Jordan Reeves, Consul General of Canada in Mumbai/
Katamati iron mine has been engaged in environmental protection efforts for years. It has successfully implemented Environmental Management System as per the requirements of ISO 14001:2004.
TATA Steel has always been committed towards the environment protection.
The focus has always been responsible environmental practices and optimal resource utilisation while upgrading skills of workmen through training as technologies evolve.
The Global Green Future Leadership Awards is for any organisation that participates in environmentally friendly or green activities.
It is awarded to ensure that all processes, products, and manufacturing activities adequately address environmental concerns while maintaining a profit.
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2) TATA Steel UK has announced its sale of Long Products EU business to which company?
a. RedBull
b. GreyBull
c. GreenBull
d. None of the above
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Answer
Explanation
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ANSWER: GreyBull
Explanation:
Tata Steel UK has announced the completion of the sale of Long Products Europe business to Greybull Capital LLP. - Greybull has said it will invest 400 million pounds in the new business
- Long Products Europe business has implemented a transformation plan including portfolio restructuring of assets underpinned by committed support from employees and TUs
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3) TATA Steel Europe announced appointment of which executive committee member as CEO of Tata Steel UK?
a. MP Singh
b. Cyrus Mistry
c. Bimlendra Jha
d. None of the above
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Answer
Explanation
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ANSWER: Bimlendra Jha
Explanation:
TATA Steel Europe has announced the appointment of executive committee member Bimlendra Jha as the CEO of Tara Steel UK to expedite the sale of the loss making business in the country. He will report to Hans Fischer, CEO of Tata Steel Europe.
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4) Tata Steel Europe is currently the ______ largest steel maker in the EU
a. second
b. third
c. fourth
d. fifth
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Answer
Explanation
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ANSWER: second
Explanation:
After acquiring Corus to become EU’s second largest steel maker, Tata Steel has announced plans to sell the UK business. Board of one of the largest steelmakers in the world met to assess what to do regarding the deteriorating financial position of the company.
- Tata acquired Corus, now Tata Steep Europe in April 2007
- European major was formed by merger of British Steel and Dutch firm Koninklijke Hoogovens in 1999.
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5) Which TATA executive is stepping down from his post?
a. Chairman Emeritus Ratan Tata
b. TATA Chief Cyrus Mistry
c. TATA STEEL EU CEO Karl Koehler
d. None of the above
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Answer
Explanation
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ANSWER: TATA STEEL EU CEO Karl Koehler
Explanation:
TATA STEEL CEO, Karl Koehler is stepping down as the chief executive of the European unit. He will take a leadership position with a large privately owned industrial company in Germany. Koehler will be replaced by Hans Fischer, Chief Technical Officer at TATA STEEL Europe effective from March 1st, 2016. Koushik Chatterjee, group executive director and board member will become the TATA STEEL ED for EU.
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6) TATA Steel has sold shares worth USD 2500 crore in which group company in September 2015?
a. TATA Tea
b. TATA Consultancy Services
c. TATA Motors
d. None of the above
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Answer
Explanation
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ANSWER: TATA Motors
Explanation:
TATA Steel has sold shares equalling INR 2500 crore in TATA Motors in 2 separate transactions of INR 1250 crore as per the term sheet of the deal. Largest private sector for steelmaker, TATA group owned 5.54% stake in TATA Motors in June 2015 and sold 1.33% stake in block deal at average price of INR 324.5 per share to raise INR 1250 crore. TATA Steel continues to hold 2.88% in TATA Motors as per the analysis. TATA Steel has a debt of INR 69,000 crore in FY15 and has sold 2.18% of its stake in Titan to TATA Sons for INR 637 crore.
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