Business
Gupta seeks $307m lifeline from British government – The Australian Financial Review
British officials are reportedly hesitant to act unless Sanjeev Gupta’s GFG Alliance goes into administration, but the company insists it will pull through.
We are in close contact with the South Australian government, and are in regular conversation with GFG, including directly with owner Sanjeev Gupta, Ms Andrews said.
GFG reportedly wrote to the British government on Thursday night (Friday AEDT) saying the cash injection was required for working capital something in short supply since Greensill filed for insolvency on March 8 and to fund operating losses.
Sanjeev Guptas GFG Alliance says most of its businesses are cashflow positive. Bloomberg
The…
-
General24 hours agoAsia stocks plunge, HK suffers steepest fall since 1997
-
General24 hours agoPoliticians asked how to Trump-proof Australia’s fragile economy on Q+A
-
Business16 hours ago2 Low Cost Active ASX ETFs to consider
-
Noosa News15 hours agoSXSW Sydney Has Announced the First 40 Speakers That’ll Be Taking to the Stage at Its 2025 Conference