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Tata Steel gained 1.32% to Rs 557.70 at 12:21 IST on BSE, after steel sales from the company's Indian operations rose 9% to 5.56 lakh tonnes in January 2010 over January 2009.

MUMBAI - Tata Steel denied a newspaper report it was in talks to raise 50 billion rupees ($1.1 billion) in equity and an equal amount in debt, saying its board had not passed any such resolution.

NEW DELHI - Tata Steel Ltd, the world's eighth-largest steel maker, expects its European unit Corus to be operating at full capacity by the end of the fiscal year in March, a top official said on Wednesday.

Tata Steel plunged 6.53% to Rs 430 at 15:30 IST after the company reported a net loss of Rs 2208.68 crore in Q1 June 2009 on consolidated basis as against a net profit of Rs 3900.90 crore in Q1 June 2008.