Biz Briefs

Tata Steel for Corus

NEW DELHI: India’s Tata Steel is likely to increase its bid offer for Anglo-Dutch steel maker Corus Group PLC to 600 pence a share. Tata Steel, locked in a takeover battle with Brazil’s Companhia Siderurgica Nacional, or CSN, will decide on the final pricing of its bid before the January 30 deadline set by the UK. — AP

Yukos valued at $20b

MOSCOW: Court-appointed evaluators have put a $20 billion price tag on the remaining assets of the bankrupt Yukos oil group that are to be liquidated, the Vedomosti daily reported on Friday, after a politically char-ged government campaign brought the company to its knees and put its former CEO behind bars. — AFP