Craig McDermott was a formidable fast bowler but was later forced to file for bankruptcy after a business venture went wrong

An Australian Ashes hero who terrorised English batsmen with feisty, high-pace fast bowling was declared bankrupt over tens of millions in debt from a failed property business. Craig McDermott spearheaded the Australian attack in the late 1980s and early 1990s.

He claimed eight five-wicket hauls in Ashes Tests – including record figures of 8/97 and a remarkable 32 wickets in his final full series before injuries took their toll.

But life after cricket proved a far stickier wicket for McDermott, who turned…

Jamshedpur: Vedanta Limited has issued a strong public notice asserting its legal ownership over the property and premises belonging to Incab Industries Limited, following approval of a Resolution Plan by the National Company Law Tribunal (NCLT), Kolkata Bench. The notice, prominently displayed at the site, warns the public against any form of unauthorized occupation, encroachment, or transaction related to the property.

According to the notice, Incab Industries Limited was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The NCLT, Kolkata, through its order dated 3 December 2025, approved the Resolution Plan submitted by Vedanta Limited in the matter titled “Jayanta…

MoneyMagpie Editor and financial expert Vicky Parry warns that people need to act now to become debt-free in 2026

If your credit card is feeling the pinch as we reach the end of the year and your Christmas plans have cost more than you planned, you’re not alone.

Starting a new year in debt is hard but inevitable for many of us. But there are things you can do to save money and get yourself on track for a debt-free future.

The following tips should not be seen as financial advice and is more to suggest possible options you may want to consider. Always seek free debt advice from organisations such as National Debtline if you are really struggling.

Transfer your credit card…

Hard work and courage can bend even the toughest mountains, and Govinda’s life is proof of that saying. One of Hindi cinema’s most charismatic performers, Govinda’s journey did not begin with glamour or privilege. He was born into poverty at a time when his family had fallen on hard days, forced to move from a haveli into a modest Mumbai chawl. Few would have imagined then that the boy lovingly called Chichi would go on to rule Bollywood through the 1990s.

A fallen legacy and a difficult childhood

Govinda was born to Arun Ahuja, a popular actor of the 1940s who appeared in films like Aurat and Ek Hi Raasta. Arun later turned producer, but his films failed commercially, pushing the family into financial distress. It…

Mike Repole, the billionaire entrepreneur who cofounded and sold beverage giants Glaceau and BodyArmor to Coca-Cola for a combined $9.7 billion, has an unexpected message for aspiring business owners: Don’t do it.