Milwaukee led by 18 in the third quarter before Philadelphia used a 23-9 run to tie the game at 108 mid-way through the final period.
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.
The RBI has this year cut interest rates by 110 basis points in four instalments but banks have passed only a part of it to borrowers. Before the last reduction earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.
Bankers say there is palpable fear among erring promoters that the banking system just cannot be taken for granted, and any delay in loan repayment could mean promoters losing business
Apart from easing the NPA pressure on domestic banks, the RBI's move can allow companies to raise cheap, long-term loans easily now.
CreditSights has dialed back on its language on debt levels at richest Indian Gautam Adani's group but has maintained that the group's leverage is elevated. In a new note published after discussions with the group's management, CreditSights, a Fitch group firm, said it "has discovered calculation errors" in its recent debt report on two Adani Group companies but these did not change its investment recommendations. On August 23, CreditSights stated that the Adani group was "deeply over-leveraged" and may "in the worst-case scenario" spiral into a debt trap and possibly a default.
India displayed its military might and vibrant cultural heritage on Rajpath on Wednesday with the grandest flypast with 75 aircraft to mark the 'Azadi ka Amrut Mahotsav' celebrations being the highlight of the 73rd Republic Day Parade, which was drastically scaled down in view of the Covid pandemic.
In a statement, the Federation of Resident Doctors' Association said the decision has been taken in view of the developments in the last few days in connection with the issue, and the death of chief of defence staff General Bipin Rawat and others in a helicopter crash on Wednesday.
'He's (Bumrah) is a superb bowler and at times we need to be realistic and accept that he bowled really well, that was world-class bowling.'
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
Consolidation has begun, due to which some are trying to trim the business and others are seeking an exit. The situation would worsen after August 31.
Observing that there is liquidity overhand of Rs 13 lakh crore in the system, RBI Governor Shaktikanta Das said on Friday that the exceptional measures undertaken during pandemic will be dealt in sync with macroeconomic developments to preserve financial stability. Since the onset of the pandemic, the Reserve Bank has maintained ample surplus liquidity to support a speedy and durable economic recovery, he said while announcing the outcome of the Monetary Policy Committee (MPC) meeting. The level of surplus liquidity in the banking system increased further during September 2021, with absorption under fixed rate reverse repo, variable rate reverse repo (VRRR) of 14 days and fine-tuning operations under the liquidity adjustment facility (LAF) averaging Rs 9 lakh crore per day as against Rs 7 lakh crore during June to August 2021, he said.
Even as lenders are getting ready to send more companies to bankruptcy courts from this week, several old cases are still awaiting resolution with no clarity on the completion of the process. This includes some high profile cases from the first list of 40 companies including Videocon Industries, Bhushan Power and Steel and Lavasa Corporation, sent by the Reserve Bank of India (RBI) for resolution. The delay is mainly due to litigation and late clarifications by various government agencies including the Reserve Bank of India and litigation by the Enforcement Directorate.
The Sensex, after touching a low of 19,542, ended at 19610 -- down 150 points ot 0.7%.
The actor, who was last seen in the film Dil Bechara Pyaar Ka Mara, is all set to tie the knot with TV actress Priyanka Chibber.
In the wake of boost from the Budget & RBI move on affordable housing, Tata Housing & Mahindra Lifespace, among others, plan new launches.
From data analysts to financial firms, everyone has their views on who could win the FIFA World Cup, starting in Brazil next month. Here are some interesting predictions by two international firms -- Opta and Goldman Sachs -- about the how tournament could pan out. Read on...
A comparative analysis of the two companies' rankings on three parameters reveals why ONGC slipped in ranking
Business Today in partnership with MDRA has released the results of the top 100 business schools in India. We bring you the top 10 schools as per their findings.
The first telephone booth set up in London way back in 1903.
The magic of compounding rewards early starters. Delay may make it impossible to attain your goal.
Indian batting icon Sachin Tendulkar was conferred the Order of Australia at a function in Mumbai on Tuesday. The Rajya Sabha MP is only the second Indian after former Attorney General Soli Sorabjee to get the honour.
"Sikh, Hindu, Muslim, and Arab American communities live with the knowledge that it only takes one unhinged hatemonger to cut their lives short. The FBI needs to keep track of these hate crimes so that we can have an accurate picture of the danger," Garamendi said in a statement as he joined other lawmakers in writing a letter to the FBI in this regard.
Oil & gas, banks and auto shares weigh on investor sentiments, IT stocks buck trend.
There is no proposal to bring the Delhi police under the Delhi government, the Centre said on Tuesday amid demands raised by Chief Minister Sheila Dikshit that certain aspects of policing in the capital should be handed over to the city administration.
Iran's Vice President Ali Saeedlou has cancelled his visit to Pakistan at the eleventh hour in an apparent indication of unease in bilateral ties, marking the second major diplomatic setback for Islamabad since Russian President Vladimir Putin called off a trip last month.
Do you prefer Madhuri's Dhak Dhak version or new one, featuring a sexy trio in Nautanki Saala?
A host of professions are opening up in the healthcare and primary sectors that yield very high levels of satisfaction. Read on...
Because a settled account will do more damage to your credit history than you can imagine.
Four persons, including two sleuths of the Central Bureau of Investigation, have been acquitted in a bribery case by a Delhi court which said the probe by the agency into the matter was done in a "mindless, disoriented and half-hearted" manner.
With 1,73,195 cases, Maharashtra has the highest number of active cases.
'We are working in association with the state government and other transmission companies to make sure that the city never experiences blackouts'
Through this love story, Janakiraman Subramaniam shares an inspiring message of patience and determination.
South Africa's Highveld Lions will look to inch closer to a semifinal berth when they take on struggling and injury-hit English side Yorkshire in a group B encounter of the Champions League Twenty20 in Johannesburg.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
Major international luxury goods manufacturers are riding high in China with the luxury goods market booming, despite a slowdown in economic growth.
They are realising unstructured data generated from social media and mobiles is vital for business decisions.
Team Anna on Monday rejected government's proposal of excluding lower bureaucracy from Lokpal's ambit, saying they must be covered to fight graft like alleged swindling by Group C employees of over Rs 30,000 crore worth of ration annually meant for poor.
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