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New Delhi: Nearly 11.6 lakh women directors are currently associated with public and private companies in the country, the government informed the Parliament on Tuesday, as it continues to encourage women participation in decision-making at various levels in enterprises across the spectrum.
While 11,11,040 women are directors in private companies (including OPCs), 46,939 are associated with unlisted public companies and 8,672 with listed public companies, Minister of State for Corporate Affairs, Harsh Malhotra, told the Rajya Sabha in a written reply.
The MCA has included several provisions in the Companies Act, 2013, to boost the participation of women at top levels in companies, like making it mandatory for…
New figures released today by the government’s Insolvency Service (IS) reveal how almost 2,000 firms could no longer balance their books in November 2024 – a 13% rise on trends just a month before.
After seasonal adjustment, the month’s tally of registered company insolvencies in England and Wales stood at 1,966 in November 2024, which was 13% higher than in October 2024 (1,743) albeit 12% lower than the same month in the previous year (2,243 in November 2023).
A statement from the IS said: “The number of company insolvencies remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019.
“Company insolvencies in November 2024 consisted of 254 compulsory liquidations, 1,565 creditors’ voluntary…
Former Auburn deputy mayor Salim Mehajer has been declared bankrupt by the Federal Circuit Court.
The liquidator of his failed company SM Project Developments launched legal action against him in November over a $200,000 debt.
The bankruptcy application was supported by a range of creditors, including the Australian Tax Office and Prime Marble & Granite — the company that helped build an opulent staircase in his multi-million-dollar Lidcombe home.
The Greenacre business is still seeking payment but will now have to go through a trustee appointed by Judge Justin Smith.
Mr Mehajer’s lawyer claimed the bankruptcy notice was invalid, but that argument was rejected by Judge Smith.
The marble staircase in Salim Mehajer’s Lidcombe home. (Picture:…
2024 has not been the best year for airlines that serve smaller or faraway countries. Air Malta, Armenia’s FlyArna and the LIAT airline serving Antigua and Barbuda have all either formally filed for bankruptcy protection or simply closed up shop and ceased operations since the start of January.
Vanuatu, a South Pacific nation of 326,000 people, was left without an airline after its flagship carrier, Air Vanuatu, declared bankruptcy after struggling to find the capital to fund the “extended maintenance requirements” required for its four planes. With all its flights to and from the country canceled at a day’s notice, numerous tourists suddenly found themselves stranded and paying exorbitant fares for limited spots on flights by…
Cycling legend Sir Bradley owes £1m more than was first calculatedCredit: Getty
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Sir Bradley in his Tour de France heydayCredit: Getty
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Bradley Wiggins faces selling his own name after his debt spiralled to £2millionCredit: Getty
A team of liquidators raking through the wreckage of his firm Wiggins Rights Ltd had found that he owed just under £1m and earlier this year he was declared bankrupt.
But a new report filed this month to Companies House reveals that the debts have more than doubled.
Bank of England interest rate cuts now less likely
City traders are scrambling to readjust their expectations for UK interest rate cuts, following this morning’s acceleration in UK wage growth.
The money markets now indicate there’s just a 7% chance that the Bank of England cuts interest rates on Thursday, down from around 15% yesterday.
The markets no longer expect three cuts next year either. Bank rate, which is currently 4.75%, is now seen falling to around 4.1% in December 2025, meaning only two quarter-point rate cuts are fully priced in.
Yesterday it was expected to fall nearer to 4%, which had implied three quarter-point rate cuts next year.
UK RATE FUTURES POINT TO ABOUT 61 BASIS POINTS OF BANK OF ENGLAND RATE CUTS BY END OF 2025…
Dame Sarah Storey has shared her concern for fellow cyclist Sir Bradley Wiggins’ wellbeing, as she endeavors to emulate his achievement of winning BBC Sports Personality of the Year. Wiggins captured the nation’s heart in 2012, claiming victory in both the Tour de France and an Olympic gold in the time trial during a memorable summer in London.
However, as years passed, Wiggins faced financial difficulties and was declared bankrupt this past summer. Storey, who claimed her 18th and 19th Paralympic gold medals in Paris and is in contention for SPOTY,, expressed her sentiments on Wiggins’ situation: “No, I haven’t seen Bradley for a long time. I have followed his story and it is obviously really sad to see a former team-mate go through…
