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Vijay Mallya faces bankruptcy proceedings in UK High Court

Tuesday, December 18, 2018, 5:47 PM

Embattled liquor tycoon Vijay Mallya's legal troubles continue to mount as he is set to face bankruptcy proceedings in the UK High Court next year, brought by a consortium of Indian banks in their attempt to recoup unpaid debt worth nearly 1.145-billion pounds. "We can confirm that we presented a bankruptcy petition against Mallya on behalf of the banks on 11-September-2018," said the source.
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India ranks 108th in WEF gender gap index 2018

Tuesday, December 18, 2018, 5:26 PM

India has been ranked 108th in World Economic Forum (WEF) gender gap index, same as 2017, while recording improvement in wage equality for similar work and fully closing its tertiary education gender gap for the first time. "It (India) needs to make improvements across the board, from women's participation to getting more women into senior and professional roles," WEF said.
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Australia beat India in second test in Perth to level test series

Tuesday, December 18, 2018, 10:04 AM

Australia on Tuesday defeated India in the second Test at Perth by 146 runs to end their six-match winless streak and level the four-match series 1-1. Australia had lost five and drawn one of their previous six matches and had last won a Test in March this year. Further, the victory is Australia's first under the captaincy of Tim Paine.

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