Sanjeev Gupta’s GFG Alliance to infuse £50m to restart UK steel operationsGupta, founder chairman of the $20-billion revenue GFG Alliance, was fighting his biggest battle to save his metals-to-energy conglomerate ...
11 Oct, 2021, 09.54 AM IST
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
Fearing predators, Credit Suisse seeks new look or even merger: SourcesNew chairman, Antonio Horta-Osorio, announced a strategic review in late April, telling investors he would take time in reaching hard decis...
25 Jun, 2021, 11.59 AM IST
Sanjeev Gupta's Liberty Steel to sell UK plant in restructuring planGupta, who heads the wider Gupta Family Group (GFG) Alliance, and his newly-formed Restructuring and Transformation Committee held advanced...
24 May, 2021, 06.50 PM IST
UK's anti-fraud agency probes Sanjeev Gupta-led GFG Alliance"The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business...
14 May, 2021, 05.27 PM IST
Sanjeev Gupta sued by Tata Steel for late payments linked to $139 million dealThe London lawsuit centers on the 2017 sale of Tata’s specialty steel business to Liberty House Group for 100 million pounds.
07 May, 2021, 05.24 PM IST
Credit Suisse serves investors thin gruel as Wall Street feasts on dealsCredit Suisse has emerged as the bank hardest-hit from its exposure to Archegos, which collapsed when it couldn't meet margin calls.
19 Apr, 2021, 12.03 PM IST
Credit Suisse sued over risk exposure to Greensill Capital, ArchegosThe pension fund, City of St. Clair Shores Police & Fire Retirement System, based in St. Clair Shores, Michigan, filed the class action law...
17 Apr, 2021, 01.25 PM IST
As Sanjeev Gupta rose from trader to tycoon, several banks backed awayFour banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they perceived...
16 Apr, 2021, 01.21 PM IST
UK former PM David Cameron says Greensill lobbying should have been through formal channelsCameron, who was prime minister from 2010 to 2016, appointed the Australian banker as an adviser when he was in Downing Street. After leavi...
12 Apr, 2021, 12.17 AM IST
Credit Suisse scandal toll goes ever higher as rivals thriveLast month's Archegos disaster prompted sweeping management changes at the Swiss bank Tuesday and cast fresh doubt on its checkered record ...
07 Apr, 2021, 04.41 PM IST
Sanjeev Gupta is fighting a tough battle to keep GFG afloatWith his back to the wall, metals maven Sanjeev Gupta, the founder chairman of the $20 billion revenue GFG Alliance, is fighting his bigges...
07 Apr, 2021, 08.57 AM IST
Liberty Steel owner Gupta tells creditors: Don't pull the plugLiberty Steel owner Sanjeev Gupta said it was natural that lenders wanted to protect their position and said there were positive discussion...
01 Apr, 2021, 01.55 PM IST
Liberty Steel is an important asset, need to distinguish from ownership: UK minister"I think it's a really important national asset and what we have to do is to distinguish between Liberty Steel and the company that sits ab...
30 Mar, 2021, 01.51 PM 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
Credit Suisse, under regulatory scrutiny, rejigs asset managementIn its annual report, the lender said Swiss regulator FINMA was one watchdog looking into the matter, and was reviewing it in relation to t...
18 Mar, 2021, 01.06 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