Tata Steel will transfer $3 billion of debt to the new entity, while Thyssenkrupp will move $4.5 billion of liabilities. Uttar Pradesh, with the fifth highest number of deaths at 125, accounted for 8.2% of all deaths due to consumption of illicit/spurious liquor. The number of jobs that would be lost due to a preliminary merger agreement of the European operations of Tata Steel and Thyssenkrupp. Tata Steel will transfer $3 billion of debt to the new entity, while Thyssenkrupp will move $4.5 billion of liabilities, which is expected to generate cost savings to the tune of 400-600 million euros per year, once the merger is completed. Tell me more: The 50:50 joint venture will be named Thyssenkrupp Tata Steel and this merger would help Tata Steel India to grow faster and double its capacity over the next five years.

Source: Mint September 21, 2017 09:00 UTC