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Tata Steel UK’s Chief Executive Bimlendra Jha Resigns

Easterneye.Biz Staff
By Easterneye.Biz StaffFeb 14, 2019
Easterneye.Biz Staff
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TATA STEEL UK’s chief executive officer Bimlendra Jha has reigned, media reports said.

Tata Steel UK is a unit of Tata Steel Europe, and has operations in the UK, Sweden, and Canada.

Jha was at the helm of the company since 2016. He was also an executive director on the board of Tata Steel Europe, and a member of the executive committee.

Jha joined Tata Steel as a engineering graduate trainee in 1990, after completing his degree from Banaras Hindu University.

In 2010, he was elevated as vice president, long products, and later he was shifted to the European operations. Later he was appointed as executive chairman, long steel, UK.

Jha was reportedly reluctant to disclose his future plan soon after his resignation. However, he said that he would return to India and accept a new role.

Tata Steel is set to merge its European business with German steel giant Thyssenkrupp AG to create a 50-50 joint venture. The proposed venture will be called ThyssenKrupp Tata Steel and headquartered in Amsterdam.

bimlendra jhatatatata steeltata steel uk

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  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
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The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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