Andreas Goss will be the future chief executive officer of Tata Steel Europe's planned joint venture with European steel maker Thyssenkrupp, Tata Steel said in a press release today, announcing the senior management executives of the joint venture. He will also chair the management board of Thyssenkrupp Tata Steel BV, the joint venture. Goss is currently chief executive officer of Thyssenkrupp's steel division.

The Gujarat government is set to lose as-much-as Rs.1,150Cr if the dedicated bankruptcy court upholds the committee of creditors' recommendation to accept the resolution plan of ArcelorMittal to acquire Essar Steel Ltd, said two senior officials close to the development. These dues are classified as operational creditors and ArcelorMittal's proposal has not made any provision for payment to such creditors, they said, requesting anonymity.