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The Latest Breaking News from Sanjeev Gupta

Troubled steelworks in refinance bid as pressure mounts

Whyalla's steelworks are "vigorously finalising new financing", as a premier intensifies pressure on its owners to pay tens of millions of dollars of debt.

AAP

Premier lifts pressure on steelworks as debts grow

A global company must pay its creditors and demonstrate its capacity to invest in the Whyalla steelworks, SA Premier Peter Malinauskas has warned.

AAP

Bureaucracy: ADG establishment changed in UP, Deepesh Juneja gets additional responsibilities, read all updates

In a significant development, UP govt announced the transfers of many officers ahead of Mahakumbh. Read further on Dynamite News:

Dynamite News

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Owners blasted as 'old tech' steel furnace restarts

The operators of Whyalla's steelworks say they have "rescued" the vintage plant but warn there is still a long way to go before it is stable and secure.

AAP

‘National disaster’ if troubled Whyalla steelworks falls over, SA premier warns

Peter Malinauskas calls situation ‘tricky’ but says state government will continue to monitor Sanjeev Gupta’s GFG Alliance and act where it can

The Guardian - AU

Green iron export bonanza: invest or look like 'morons'

A think tank urges Australia to bankroll green iron or concede market leadership to China, which is racing ahead on decarbonising steel supply lines.

AAP

It’s been seven years since the ‘saviour of steel’ arrived in Whyalla. But hopes for a green transition are fading

The global race to upgrade coal operations is proving difficult. At South Australia’s struggling steelworks, taken over by Sanjeev Gupta’s firm, jobs have been lost and promises to invest remain unfulfilled

The Guardian - AU

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Sanjeev Gupta prosecuted for failing to file accounts for more than 70 companies

Steel tycoon faces enforcement action from UK business regulator, which could lead to fine or disqualification

The Guardian - UK

‘Differences’ with Chief Election Commissioner Rajiv Kumar may have led to Arun Goel’s resignation

Sudden resignation of Election Commissioner Arun Goel amid differences with CEC Rajiv Kumar raises questions in India.

The Hindu

David Cameron’s activities at Greensill a ‘matter of interest’ in wider fraud inquiry

Exclusive: Sources claim SFO has questioned witnesses on ex-PM’s role at scandal-hit firm and its links to Indian conglomerate GFG

The Guardian - UK

Former head of bank linked to Greensill Capital fined by UK regulator

CEO of Wyelands Bank, part of steel magnate Sanjeev Gupta’s empire, committed ‘serious’ rule breaches

The Guardian - UK

HMRC examines if David Cameron failed to fully disclose Greensill private flights as taxable perks

Exclusive: Former PM, who became a life peer last week, under scrutiny over use of financier’s aircraft and offshore trust

The Guardian - UK

What is the Greensill scandal overshadowing David Cameron’s return to cabinet?

Inquiry found ex-PM had sent dozens of messages to former colleagues asking them to help his then employer

The Guardian - UK

Cluster seed funds for startups in Mysuru, other tier 2 cities to boost entrepreneurship

Tier-2 cities emerging as economic drivers; KDEM facilitating creation of mature startup ecosystems in these cities. 40 companies brought to 3 clusters in last 20 months; Govt. providing ₹25 crore each for Mysuru, Mangaluru, Belagavi & Hubballi-Dharwad. UoM has important role to play in fostering ecosystem; Govt. laying emphasis on…

The Hindu

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The Hindu

KDEM organises Women@Work conclave in Mysuru

KDEM, in association with KSDC, organised Women@Work (W@W) conclave in Mysuru to empower women and actively participate in the workforce. Sanjeev Gupta, CEO of KDEM, emphasised the importance of networking for women to bolster self-confidence, negotiate and achieve excellence. Panel discussions on ‘Reskilling and Upskilling’, ‘Women in India’s Tech and…

The Hindu

Cluster seed fund established for start-ups in Mysuru

Mysuru cluster has established a seed fund of ₹25 crore in partnership with State govt, banks and entrepreneurs to provide capital for eligible startups. This is part of Beyond Bengaluru initiative and the industry has grown exponentially in last two years. Reputed companies like IBM, Travancore Analytica, Nagaro, HHS, Proxelera,…

Evening Standard

From Liz Truss’ former adviser to Carrie Johnson’s pal — who’s who in bombshell new partygate video?

The explosive clip shows Tory officials dancing in Christmas jumpers and appearing to joke about Covid restrictions. Katie Strick unmasks the key figures caught on camera — and six new individuals exclusively identified for the Evening Standard

Daily Record

SNP coalition with Scottish Greens leaves voters believing they are 'in office but not in power' claims Fergus Ewing

Former government minister Fergus Ewing spoke to the Sunday Mail in an explosive interview claiming that Green driven policies are wedging a gap between the nation and the SNP.

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The Guardian - UK

Wyelands Bank rebuked by Bank of England for regulatory failings

Central bank decides against £8.5m fine because of collapsed firm’s ‘limited resources’

ABC News

Whyalla moves closer to emissions-free production as Liberty Steel signs electric furnace contract

The company behind the Whyalla steelworks signs a $485 million deal that could end the use of coal in making steel in Whyalla.

The New Daily

South Australian coal-based steel to go green

Liberty Steel is set to dump coal-based steelmaking at Whyalla in South Australia with a major investment in electrical and hydrogen-powered alternatives.

Birmingham Post

Rescue deal for Black Country steel firm

Sanjeev Gupta's GFG Alliance has acquired a 100 per cent share purchase of Aartee Bright Bar's owner

The Guardian - UK

Tory donors own UK properties via more than 150 offshore firms

People including property developers and peers who have collectively donated £21m named on new register

The Guardian - UK

Liberty Steel plans to cut 440 jobs in UK and reduce production

Union condemns Gupta group ‘switch from substantial investment’ to idling plant and curbing output

Wales Online

Hundreds of jobs at risk as Liberty Steel mothballs manufacturing sites in Wales

The firm will stop production at its sites in Newport and Tredegar

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