Business
GFG teeters close to debt cliff edge – afr.com
A debt standstill agreement may buy some time for GFG Alliance, but two generations of billionaire Sanjeev Gupta’s family business are at risk.
Mr Guptas father, Parduman K. Gupta, who began a long climb to riches in 1955 by supplying fasteners to a bicycle factory in Ludhiana in India, is also named in the documents about the claim on shares by Greensill.
The documents refer to companies, partners or entities either directly or indirectly controlled or under common control of Sanjeev Gupta or Parduman K. Gupta. Parduman K. Gupta built up the SIMEC group of shipping, industrial, mining and energy businesses into a powerhouse over decades….
-
Business21 hours agoWhere will Berkshire Hathaway be in 1 year?
-
Noosa News24 hours agoPolice reject claims about detained protester; SEQ train lines to be disrupted; BlueCare to cut enrolled nurses
-
Noosa News23 hours agoNick Cave and The Bad Seeds Are Bringing Their ‘Wild God’ Tour to Australia and New Zealand in 2026
-
Noosa News16 hours agoTwo trapped and fighting for life after major three-vehicle crash in Brisbane