Daily turnover of indian forex market
DAILY BRIEFING: German factory orders fall daily turnover of indian forex market. THE PRUDENT INVESTOR: Why I’m ditching lousy fund managers who can’t even beat a robot!
Is this the man who can save British steel? Read this: Is this the man who can save British steel? Sanjeev Gupta is away on business in Dubai but he is keeping a close eye on the meltdown of Tata Steel’s UK operations. Gupta has already agreed to buy Tata’s unwanted sites at Dalzell and Clydebridge in Scotland, and he says he may be interested in some of Indian steelmaker’s other sites in Rotherham, Corby and Shotton, which are also now up for sale. Britain’s steel industry may be on its deathbed but Gupta’s Liberty House has bucked the trend. It re-opened a steel mill in Newport, South Wales, last year and snapping up the rump of Lord Paul’s ailing Carparo Industries from administration.
What has he seen that others may have missed? Gupta, 44, runs his hand over his shiny head and smiles. We want to bring it back to full glory,’ he says of the steel works in Newport. It is going to be a tough journey.
Chinese product that has halved the global price of steel. Are we witnessing end of British steel? As a result, steelmaking in Britain is unprofitable. The squeeze on domestic producers has forced plants to close and thousands of jobs have been axed. Gupta puts part of the blame on Brussels and the time it takes for the European Union to act. His view on the EU is timely. As a world, we need to integrate more.
The Government doesn’t have the freedom to act because it has to go through Brussels. Gupta urges the Government to take further action to lower the cost of power for energy-intensive industries. They have already done a bit with the refund to energy-intensive industries,’ he says. Married to Nicola with three children. After A levels Gupta took a gap year and sold bicycles in Turkey for his father’s business, Victor Cycles. He then studied economics and management at Cambridge where he set up Liberty House, a commodities trading firm, in 1992. He was trading commodities from his halls of residence at Cambridge but the business distracted him from his studies and it took a large amount of cramming in his final year for him to graduate with a 2.