Greensill cited ‘political steers’ on Gupta loans, probe findsGreensill collapsed in March after a key partner refused to extend crucial trade credit insurance that backed loans it made to a number of ...
07 Jul, 2021, 09.12 AM IST
JSW Steel examining bid for Sanjeev Gupta's British business: SourcesGupta has been scrambling to refinance after his go-to source of funding, British supply chain finance firm Greensill, filed for insolvency...
22 May, 2021, 10.37 AM IST
India's JSW Steel examining bid for Sanjeev Gupta's British business: ReportJSW's interest, which extends to plants including Gupta's Adhunik steel mill in eastern India, could mark yet another chapter for Britain's...
21 May, 2021, 09.27 PM IST
GFG Alliance faces potential collapse in UK but says it won’t hit India businessGFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailo...
15 Apr, 2021, 07.28 AM IST
Sanjeev Gupta's Liberty Steel to restart operations, in talks with British governmentGupta's conglomerate GFG Alliance said earlier this month it was in talks with administrators of Greensill over a standstill agreement. On ...
29 Mar, 2021, 08.25 PM IST
British ministers reject Sanjeev Gupta's bailout plea, media reports sayGFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed ...
28 Mar, 2021, 06.38 PM IST
Greensill Capital files for insolvency, administrators appointedGreensill Capital filed for insolvency after losing insurance coverage for its debt repackaging business and said in a court filing that it...
09 Mar, 2021, 06.35 PM IST
British metal magnate Sanjeev Gupta targets string of smaller steel buys in IndiaGupta has been on a buying spree in recent years, acquiring debt-laden steel and aluminum assets during the 2015 and 2016 commodity crisis....
21 Aug, 2020, 12.58 PM IST
UK high court orders British Steel into liquidationThe development follows the company's failure to secure emergency government funding. With this, some 5,000 direct jobs and another estimat...
23 May, 2019, 03.35 PM IST
NCLT Ahmedabad clears ArcelorMittal's Rs 42,000 crore resolution plan for Essar SteelClearing ArcelorMittal's bid, NCLT says it cannot impose judicial view over banks' wisdom.
09 Mar, 2019, 06.35 AM IST
Liberty House secures financing to acquire Rio Tinto's aluminium smelter in FranceThe loan for the aluminium smelter which the company has received the commitment has been secured on a "standard financial terms" and provi...
09 Nov, 2018, 07.45 PM IST
Liberty House misses deadline to pay Amtek, Adhunik lendersLiberty House had won the assets in July and was expected to pay lenders Rs 4,810 crore by October.
04 Nov, 2018, 11.45 PM IST
Tata Steel UK severs links with British Steel Pension Scheme"Tata Steel UK has received confirmation from the pensions regulator that it has approved a regulated apportionment arrangement in respect ...
12 Sep, 2017, 12.04 AM IST
Tata Steel UK reworks pension scheme, reignites Thyssenkrupp deal hopesTata Steel and Thyssenkrupp have been in talks for nearly a year now with experts suggesting that the £15 billion pension scheme was a majo...
12 Aug, 2017, 01.27 AM IST
Tata Steel could merge some of its subsidiaries: MD, TV NarendranTata Steel has 22 subsidiary companies, including listed companies such as Tata Sponge and Tata Metaliks. About half of these were loss mak...
26 Jun, 2017, 11.03 AM IST
Tata Steel plans $663 mn payout for one-time UK pension settlement under new schemeThe company is finalising terms with British regulators to clear all pension liabilities, a move that would ring fence the business, derisk...
19 Apr, 2017, 06.23 AM IST
Tata Steel to pay millions into UK pension fund: ReportThe infusion of funds into the 130,000-member pension scheme is aimed at releasing a guarantee the fund holds over the Indian steel major's...
13 Jan, 2017, 04.39 PM IST