logo
Jeff McCloy, former Newcastle Lord Mayor and influential businessman, passes away at 75

Jeff McCloy, former Newcastle Lord Mayor and influential businessman, passes away at 75

Time of India3 hours ago

Jeff McCloy
, former
Newcastle Lord Mayor
and influential businessman, has passed away after battling with
motor neurone disease
(MND). He lost his battle with MND, which was diagnosed about 12 months ago, on Friday (June 27, 2025). He ended his life with
voluntary assisted dying
(VAD), according to ABC News. He only stood down as chair of the family business in January 2025 to focus on his health.
Following McCloy's death, the City of Newcastle said in a statement that he will be remembered as a prominent business leader and icon of the Hunter's development and construction industries, whose life's work made a significant contribution to the city's growth and infrastructure.
McCloy grew up in Belmont. He studied at the University of Newcastle (UoN), where he earned a degree in civil engineering. In the 1970s he joined the Belmont-based construction company DF McCloy, founded by his father, Don McCloy. Later he took over the reins of the company in the mid-80s. He served as Newcastle lord mayor between 2012 and 2014.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas For Sale in Dubai Might Surprise You
Dubai villas | search ads
Get Deals
Undo
Besides being a businessman, McCloy was also a renowned philanthropist who was dedicated to providing support to charitable organisations, education and welfare groups, medical research, and sports teams and clubs, while his passion for public art enriched communities across the region, according to NewCastle Weekly. He received the City of Newcastle Medal in 2009 for highly distinguished service to the city and community.
During his two-year stint as Lord Mayor, he campaigned for the removal of the heavy rail line through the city centre and Newcastle's urban renewal. He was known for being an outspoken advocate for bringing development and prosperity to the CBD, too.
Live Events
Ross Kerridge, current Lord Mayor, paid tribute to McCloy for his contribution. 'Jeff was one of the region's most successful businesspeople of recent years,' he said.
'His drive, his can-do attitude, and his passion for the community were all hallmarks of his success. A particular achievement was his leadership and resolve that enabled his team to finish construction of the John Hunter Hospital well ahead of schedule after the 1989 earthquake. This was crucial to Newcastle's recovery and reconstruction. His enthusiasm for his hometown was demonstrated by his widespread involvement in many community matters, including, notably, being the Lord Mayor,' he said.
'Less well-known is that he was a significant donor to various local charities and to public art and sculpture. He also quietly and discreetly helped out many Novocastrians in personal difficulties. Like all big achievers, he had his critics, but no one can deny his passion and positive commitment to the community,' he further stated.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NCAER pitches for investment in skilling to increase jobs
NCAER pitches for investment in skilling to increase jobs

Time of India

time35 minutes ago

  • Time of India

NCAER pitches for investment in skilling to increase jobs

New Delhi: A paper by economic think tank NCAER has made a case for investment in skilling of workforce to increase employment in the labour intensive sectors by 2030. The paper titled 'The Landscape of Employment in India: Pathways to Jobs' said inter-sectoral linkages can have a multiplicative effect on employment in the aggregate economy, increasing employment by up to 200 per cent relative to existing scenario. "On the supply side, we show that increasing the share of skilled workforce by 12 percentage points through investment in formal skilling could lead to more than a 13 per cent increase in employment in labour intensive sectors by 2030," it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like a adad Undo On an average, the paper said labour-intensive manufacturing accounts for 44.1 per cent of total manufacturing employment, while labour-intensive services account for 54.2 per cent of total services employment. "Our demand-side simulations indicate that we can significantly bridge the employment gap by increasing the size of the manufacturing and services sectors, particularly through a focus on labour intensive industries therein," the paper said. Live Events Outlining some of the policy prescriptions, the paper's author Farzana Afridi said there is need for a multi-pronged approach to increase production capacity in labour-intensive manufacturing and services sectors, including stimulating domestic demand through higher government expenditure and lowering of taxes. The paper also laid stress on adoption of international best practices and implementation of national quality benchmarks for training and reskilling or upskilling existing workers. Referring to the Production-Linked Incentive (PLI) scheme, the paper pointed out that it is primarily focused on expanding production of high value products with backward linkages which require high-skilled labour. "But the highest number of jobs under the scheme has been created in the food processing and pharmaceuticals industry. This reflects a mismatch between budgetary allocation under PLI and potential for employment creation," the paper said adding productivity and quality of workforce have to be increased significantly to improve labour quality. It cited the Future of Jobs Report 2025 which highlights that 63 per cent of India's workforce will need reskilling or upskilling by 2030 to remain competitive. Among others, the paper suggested incorporating soft skills, digital literacy and Information and Communication Technology ( ICT ) skills into training programmes to enhance employability, particularly within services sub-sectors. "Improving training quality, along with increasing the share of formally trained workers, can lead to higher employment gains," it added. Since labour-intensive manufacturing and services sectors account for over half of total employment in India, the paper advocated significant policy focus on expanding labour-intensive manufacturing and services, along with a systemic overhaul of the education system to enhance the human capital of the labour force.

ICAI CA Final May 2025 results likely to be announced between July 3 and 4; here's how to check at icai.org
ICAI CA Final May 2025 results likely to be announced between July 3 and 4; here's how to check at icai.org

Time of India

time41 minutes ago

  • Time of India

ICAI CA Final May 2025 results likely to be announced between July 3 and 4; here's how to check at icai.org

ICAI CA Final results 2025: Early July declaration expected before campus placement registrations. (AI Image) ICAI CA Final results 2025: The Institute of Chartered Accountants of India (ICAI) is expected to declare the CA Final results for the May 2025 session in early July. Although the official date has yet to be confirmed, former Central Council Member Dhiraj Khandelwal has suggested that the results may be announced between July 3 and 4. This estimate is based on past trends and the academic calendar. Students are eagerly awaiting the announcement, as the results will determine eligibility for the upcoming campus placement drives scheduled for August and September. The timing of the results is crucial for candidates planning to register for placements, as registrations are set to begin shortly after the anticipated result dates. — kdhiraj123 (@kdhiraj123) Campus placement registrations hint at early results The registration window for ICAI's campus placement drive is from July 10 to July 20, indicating that the CA Final May 2025 results are likely to be released before July 10. This is to ensure that qualified candidates can participate in the placement process on time. Candidates who cleared the November 2024 exam but missed the earlier placement registration will also be eligible for this upcoming drive. Past trends support early July announcement Looking at the previous years' data, the CA Final results for the May session have typically been declared in early to mid-July, with the exception of the pandemic year 2021. Here is a table summarising the release dates: Year Result date 2024 July 11, 2024 2023 July 5, 2023 2022 July 15, 2022 2021 September 13, 2021 (pandemic delay) 2020 February 1, 2020 How to check ICAI CA Final May 2025 results online Step 1: Visit the official ICAI websites: or by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo Step 2: Click on the link for the CA Final May 2025 results once it is live. Step 3: Enter your six-digit roll number in the required field. Step 4: Provide your registration number as requested. Step 5: Submit the details to view and download your scorecard for future reference. Students are advised to keep their login credentials ready and regularly check the official websites for timely updates on the result declaration. Passing criteria and top performers To clear the CA Final examination, candidates must secure at least 40 per cent marks in each paper and maintain an aggregate of 50 per cent in each group. In the 2024 session, a total of 20,446 candidates qualified. Shivam Mishra topped the exam with 83.33 per cent, followed by Varsha Arora and a tie for third place between Kiran Manral and Ghilman Saalim Ansari. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.

HDB Financial among most subscribed billion dollar Indian IPOs in 4 years
HDB Financial among most subscribed billion dollar Indian IPOs in 4 years

Time of India

time42 minutes ago

  • Time of India

HDB Financial among most subscribed billion dollar Indian IPOs in 4 years

HDB Financial Services Ltd.'s $1.5 billion initial public offering is set to become India's most sought after large listing in at least four years on heavy bidding from foreign and domestic investors. The offering from the shadow-lending unit of the country's top private bank got bids for a little over two billion shares as of Friday afternoon in Mumbai, versus the 130.4 million shares available, according to data on the BSE's website. Global investors, domestic mutual funds and financial institutions made up the bulk of the demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later! [Video] getfittoday Undo Individual investors who bid for more than 1 million rupees of shares were also among the biggest backers of the stock. The portion reserved for small investors was also fully subscribed. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The over 15 times-demand for HDB shares is the biggest since food delivery firm Eternal Ltd .'s $1.4 billion IPO was subscribed more than 29 times, exchange data showed. The share sale comes amid a rebound in the benchmark NSE Nifty 50 Index, and may signal strong appetite for large Indian issuances ahead. The index is now less than 5% shy of its peak in September. Live Events There are some potentially bigger deals expected later this year, including those of Tata Capital Ltd. and LG Electronics Inc.'s domestic unit.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store