Sunak's wife Akshata Murty decides to liquidate investment venture in UK
London (PTI), British Prime Minister Rishi Sunak's wife Akshata Murty has decided to liquidate her investment company Catamaran Ventures UK Ltd, according to official company filings with the UK's Companies House this week.
The 43-year-old businesswoman had incorporated the venture in 2013 with her husband as one of the directors, before he resigned in 2015.
According to the latest financial statement for the year ended December 2022 available for the company on Wednesday, Murty as the only director of the firm has now decided to wind down her firm as a going concern.
"During the year, the directors have decided to liquidate the Company," notes the Companies House filing statement.
"Accordingly, the financial statements have been prepared on a basis other than going concern and no adjustments were necessary in these financial statements to reduce assets to their realisable values or to provide for liabilities arising from that decision," it reads.
The value of the company's investments for the period was stated at just over GBP 3.8 million, up from just over GBP 3.5 million in 2021 and the funds becoming due to Murty amounted to just over GBP 4.6 million.
Catamaran Ventures UK Ltd has been operating as an investment vehicle for funds from her shares in Infosys, the Indian software giant co-founded by her father N.R. Narayana Murthy. However, the ventures it has invested in have not had the best run.
According to an analysis by The Times' newspaper, education start-up Mrs Wordsmith backed by Catamaran closed less than six months after receiving GBP 650,000 from the UK government's pandemic support scheme called Future Fund.
The New Craftsmen, a Catamaran-backed furniture company which closed in November 2022, also benefited from the fund. And, Digme Fitness, a boutique London fitness chain of which Murty was a director, failed in 2021.
Study Hall, an education technology business in which Catamaran has a stake, was given a government grant of GBP 349,976 via state body Innovate UK last year, prompting questions from the Opposition Labour Party benches.
Murty's investments outside Catamaran also came under the spotlight this year when it emerged she had shares in Koru Kids one of six childminder agencies in England that stood to benefit from a new Budget scheme announced by the Sunak-led government. It led to a declaration of interest inquiry by the UK parliamentary watchdog, which concluded last month that Sunak's failure to reference his wife's shares in Koru Kids arose out of "confusion and was accordingly inadvertent".
"I apologise for these inadvertent errors and confirm acceptance of your proposal for rectification," Sunak wrote in a letter to the Parliamentary Commissioner for Standards, Daniel Greenberg.
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Mirabai carries Indian weightlifting as juniors rise but doping woes persist in 2025
New Delhi (PTI): Indian weightlifting once again revolved around the enduring brilliance of Mirabai Chanu, whose World Championships silver was the single biggest achievement for the sport in a year marked by doping concerns and senior-level stagnation.
Returning after an injury-forced hiatus of over a year, the Tokyo Olympics silver medallist claimed Commonwealth Championships gold on home soil.
She then added a World Championships silver in the 48kg category, reaffirming her status as the sport's flag-bearer even as the elusive 90kg snatch lift remained out of reach for her.
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Mirabai Magic
Chanu, who had been side-lined since the Paris Games in 2024, marked a successful return to competition by claiming the gold at the Commonwealth Championships in Ahmedabad in August, albeit against a weak field.
She sustained the momentum by adding a third World Championships medal to her glittering trophy cabinet.
The silver at Forde, Norway was achieved with a total lift of 199kg, 84kg in the snatch and 115kg in the clean and jerk section.
However, not only did the coveted 90kg snatch continue to elude her, the Manipuri lifter failed to even improve her personal best performance.
"In the context of Mirabai, this year has been good. She came to competition after a long time, and won a silver medal at the World Championships which was uplifting after the failure of Paris Olympics," chief coach Vijay Sharma told PTI.
In what can be construed as a fresh challenge for her, the International Weightlifting Federation changed the Olympic weight categories for the second time in a year.
In the latest reshuffle, Chanu's current 48kg category was dropped from the Olympic programme.
As a result, she will eventually have to move up to the 53kg class, the lowest women's category at the Los Angeles Games.
For now, she will continue competing in the 48kg division, with an eye on the Asian Games scheduled for next year, an event where a medal has remained out of her grasp.
Beyond Chanu, there were no other standout performances from the senior lifters during the season.
While Indians managed medals at the Commonwealth Championships against an inferior field, none of the performances came close to world-class standards.
At the Asian Championships too, Nirupama Devi finished fourth in the women's 64kg while Dilbag Singh was ninth in the men's 96kg category competition, reflecting that the Commonwealth level remains the only arena where India can consistently assert dominance.
Dope cheats galore
The persistent menace of doping once again cast a long shadow over Indian weightlifting.
India was flagged by the World Anti-Doping Agency (WADA) as the worst doping offender for the third consecutive year, based on 2024 data, with weightlifting accounting for the second-highest number of violations.
The gravity of the situation was evident at the Khelo India University Games earlier this month, where several lifters reportedly went missing in action after entering their names.
The competition witnessed a spate of DNSs (Did Not Start) entries following the arrival of anti-doping officials.
Juniors make a mark
Amid the gloom, the rise of junior and youth lifters offered genuine hope as Indian weightlifting headed into a crucial year with the Asian Games and Commonwealth Games scheduled next season.
"The second line is developing well. The juniors did very well at the Commonwealth Championships.
"There were youth world records and their totals were very good, equal to what the senior national champions are lifting," Sharma said.
Koyel Bar set two youth world records at the Commonwealth Championships on home soil in August, while Priteesmita Bhoi broke the youth world record in clean and jerk on her way to winning gold in the girls' 44kg category at the Youth Asian Games later in the year.
