The team behind a proposed management buyout of Tata's UK operations - Excalibur Steel - has issued a statement clarifying its plans.
Excalibur Steel UK Ltd was created as an entity to manage the financing of an employee and management led buy-out of Tata Steel UK Ltd. Recent media speculation has suggested that Excalibur is not pursuing this objective independently. This is incorrect. Excalibur is working alone and is not currently contemplating acting in conjunction with any third party.”
The First Minister of Wales has been seen leaving his hotel in Mumbai ahead of a meeting with Tata Steel bosses.
The steel giant is holding talks to draw up a shortlist of final bids at a meeting later today.
UK Business Secretary Sajid Javid MP is also in the country to hold the talks with company officials.
A march of hundreds of steelworkers and union representatives is taking place in Westminster calling for more action to be taken on the dumping of Chinese steel.
Wales manager Chris Coleman is wary of the threat Jamie Vardy will pose in their Euro 2016 showdown with England.
Coleman said in March that England would offer no tactical surprises when the two countries meet in Lens on June 16.
But the quicksilver Vardy has since scored in England's last three games and Coleman accepts that Leicester's 24-goal Premier League winner has provided his opposite manager Roy Hodgson with another attacking dimension.
Vardy is a good player. I was a defender myself and you don't want to be running back to your own goal the whole time.
He's like Craig Bellamy, all he wanted to do was run in behind. I don't care if you are the best defender on the planet and are quick, you don't want him (Vardy) running behind you all the time.
But where he comes from (non-league), and how he plays his football, he is very much old school. It's hard not to like him
Hundreds of steelworkers will march today to highlight the their industry crisis as a shortlist of bidders is drawn up for Tata's UK assets.Read the full story ›
The First Minister Carwyn Jones is under fire after claiming that the Tata Steel management buy-out team "has not yet raised the money".Read the full story ›