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The Latest Breaking News from Sanjeev Gupta

PwC fined £2.9m over audit of Sanjeev Gupta’s Wyelands Bank

FRC severely reprimands accountancy group and one of its former main auditors after ‘serious failings’ in 2019

The Guardian - UK

The ‘scary’ state of Whyalla steelworks’ bank balance revealed by administrators

Scathing assessment shows operation was losing $1.5m a day, running low of critical materials and owed creditors more than $1.3bn

The Guardian - AU

Morning Mail: Vance calls immigration ‘greatest threat’, public school fees surge, Rubiales found guilty over kiss

US vice-president warns of danger of allowing in ‘unvetted foreign migrants’

The Guardian - AU

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Nation grinds to a halt without steel, industry warns

Rescuing Whyalla's steelworks is essential to maintain sovereign steel capability - vital to the economy and national security, the industry peak body says.

AAP

Sanjeev Gupta was once seen as Whyalla’s ‘saviour of steel’. Seven years later, he may walk away

Government intervention has placed the plant in administration, stripping the magnate’s GFG Alliance of control. Will he fight back?

The Guardian - AU

What went wrong at Whyalla steelworks and will it end with SA government in legal fight with UK billionaire?

Issues between GFG, Sanjeev Gupta and SA government grumbled along for years, before dramatic events forced company into administration

The Guardian - AU

With Whyalla steelworks forced into administration, Australia has crucial decisions to make on the future of its steel industry

Whyalla is a proud steel town. The steelworks physically dominates the townscape, and most jobs in the town are either directly at the steelworks or heavily reliant on it.

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Taxpayers to the rescue of Aussie steel

Safeguarding sovereign steel production is a key factor in a $2.4 billion government package to keep a major steelworks running while a new owner is found.

AAP

Steelworks forced into administration to 'save' future

South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.

AAP

Billionaire to sell coal mine to prop up steelworks

Proceeds from a coal mine sale will be used to pump cash into the troubled Whyalla steelworks in a major debt deal.

AAP

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

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

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The Guardian - AU

‘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

AAP

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.

The Guardian - AU

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 - UK

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

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The Hindu

‘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 Guardian - UK

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 Hindu

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

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…

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