Ten Popular Ideas About Sales That Aren’t Exactly True

first_imgThere are all kinds of ideas about what works and what doesn’t work in sales. Some of it contains a truth, but not the whole truth.Buyers are doing a ton of research. It’s true that buyers are doing research. Maybe some are 57%, 67%, or 117% through their buying process before they reach out to a salesperson. But many of your dream clients have bought what you sell before, have been called on by your competitors for years, and don’t do any research at all. Some are too busy. And why should they do so much research, your competitor’s phone call is coming in the next few minutes.The buying process matters. Your sales process doesn’t. Much of the current wisdom suggests that your sales process is no longer important and what matters now is the buyer’s buying process. It’s true your sales process needs to take account of your prospect’s buying process. But it’s criminal negligence to suggest you don’t need a sales process.Technology makes prospecting easier. Technology makes information acquisition easier. It might even allow you to warm up relationships. But prospecting is still the most difficult part of selling right now (ask anyone who has to open new opportunities). More still, the technology does little to help a salesperson that is unprepared to create enough value to command time. Bad prospecting is still bad prospecting.People don’t like being sold. It’s been a long time since I’ve seen anybody do what I would call a truly hard sell. It’s true that no one likes to be pressured to buy. But people do like working with smart, savvy, resourceful salespeople who can help them improve their results.Marketing is supposed to provide ready to buy leads. Marketing’s job is to drive awareness. It’s to help create demand. You could add more responsibilities here, but once you get so far down the continuum that you get to “ready-to-buy leads,” you’ve gone to far. If the lead was ready to sign the paperwork, marketing could email them and collect an e-signature (oh, wait, that’s Inside Sales). You take your leads as you find them. Pick them up and take them the rest of the way.The old stuff doesn’t work. The old stuff is the only stuff that works. Half of what you come across will tell you that the old ways we sold no longer work. They’ll tell you relationship selling doesn’t work, solutions selling is dead, as is consultative selling. And while that’s not exactly true, neither is true that only the shiny new, Sales 2.0 technology-aided sale works.Selling is all collaboration. It’s true that selling well is collaborative. But selling also carries some conflict. That conflict begins when you ask for your dream client’s time and they say no. If you do anything other than accept the “no” and hang up the phone, you have a necessary conflict. It’s true that it helps to turn conflict into an opportunity to collaborate, but isn’t true that it’s only collaborative.Everyone is buying on price. Not exactly true. It is true that globalization, disintermediation, and the recessions that started and closed the first decade of the 21st Century worked to try to commoditize everyone and everything. Yes; it’s true. But there as many buyers who want results, who want better, and who demand value. They’re still willing to pay for it—provided you can help them justify the higher price.Big data is the biggest daddy of them all. Is it going to revolutionize business? Is it going to change the way we sell? Sure. But for the individual salesperson right now, Little Data is every bit as important as Big Data. You already know a lot about your clients and prospects. They already know a lot about you. Right now, that’s more important.You’re supposed to be impartial. Being impartial doesn’t make you consultative. If what you sell doesn’t create value for your prospective, you’re supposed to disqualify them. If your client needs something you don’t sell, by all means advise them. But when you decide to pursue an opportunity, you better be damn partial.last_img read more

Read More

Fukushima report urges U.S. plant operators to take heed

first_imgTo avoid the kind of complacency over safety that led to the March 2011 disaster at the Fukushima Daiichi Nuclear Power Station in Japan, U.S. nuclear plant operators and regulators must be prepared to take timely action to upgrade plant safety features in line with advances in the understanding of natural hazards, states a report released today.The report, Lessons Learned from the Fukushima Nuclear Accident for Improving Safety of U.S. Nuclear Plants, was written by a committee of the National Academy of Sciences. The panel drew on Japanese and international investigations into the causes of the Fukushima disaster, precipitated by the magnitude-9 earthquake and tsunami of 11 March 2011.Sign up for our daily newsletterGet more great content like this delivered right to you!Country *AfghanistanAland IslandsAlbaniaAlgeriaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic of theCook IslandsCosta RicaCote D’IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and Mcdonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorwayOmanPakistanPalestinianPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalQatarReunionRomaniaRussian FederationRWANDASaint Barthélemy Saint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofVietnamVirgin Islands, BritishWallis and FutunaWestern SaharaYemenZambiaZimbabweI also wish to receive emails from AAAS/Science and Science advertisers, including information on products, services and special offers which may include but are not limited to news, careers information & upcoming events.Required fields are included by an asterisk(*)Like previous assessments, the academy’s report cites as a key contributing factor to the disaster the “failure of the plant owner [Tokyo Electric Power Co.] and the principal regulator [the Nuclear and Industrial Safety Agency] to protect critical safety equipment at the plant from flooding in spite of mounting evidence that the plant’s current design basis for tsunamis was inadequate.” The earthquake cut power from the electrical grid and the tsunami swamped the plant’s emergency generators, which were located in basements in the complex. The total loss of power deprived plant operators of reliable data on conditions within the reactors. They could not control key equipment, and therefore could not cool the reactors. Three of the plant’s six reactors suffered core meltdowns, hydrogen explosions damaged the facility, and the release of radioactive plumes led to the evacuation of about 100,000 nearby residents, many of whom remain in temporary housing.The report notes that plant personnel were inadequately trained and lacked sufficient manpower to cope with simultaneous crises at several reactors. The situation was exacerbated by the loss of communication lines between the plant and the headquarters in Tokyo.The report’s authors describe the disaster as a beyond-design-basis event, because several factors were more severe than anticipated by designers—particularly the earthquake and tsunami hazards. “The overarching lesson learned from the Fukushima Daiichi accident is that nuclear plant licensees and their regulators must actively seek out and act on new information about hazards that have the potential to affect the safety of nuclear plants,” the report concludes, adding that plant operators “must take timely actions to implement countermeasures when such new information results in substantial changes to risk profiles at nuclear plants.” The report cites a need to strengthen capabilities “for identifying, evaluating, and managing the risks from beyond-design-basis events,” including large earthquakes or floods that occur very infrequently.During a dial-in press conference to discuss the report, committee member B. John Garrick, a consultant in Laguna Beach, California, explained that there is also a need to assess how a severe accident, simultaneously affecting multiple reactors at one site and within a region, can complicate crisis management at a time when electricity, support, and emergency services from off-site could be disrupted, as happened at the Fukushima plant. In such circumstances, plant personnel must be trained to respond in an ad hoc manner to circumstances that are nearly impossible to completely predict, the report states.Among a number of specific lessons, the report identifies the need to ensure a continuing source of power for instrumentation and safety system control and to cool and depressurize reactors; to improve monitoring of radiation levels both on-site and in the surrounding community; and to provide more robust communication links between on-site and off-site support facilities.  Robert Bari, a physicist at Brookhaven National Laboratory in Upton, New York, noted that plant operators and regulators in the United States and other countries are already taking steps to upgrade plant systems, operating procedures, and operator training in response to the Fukushima disaster. But “it is too soon to evaluate their comprehensiveness, effectiveness, or status,” he said.  Norman Neureiter, acting director of the Center for Science, Technology, and Security Policy of AAAS, which publishes Science and ScienceInsider, chaired the committee of 21 experts.last_img read more

Read More

Aizawl’s historic I-League triumph: It means everything for us

first_imgAizawl FC became the first team not only from their native Mizoram, but the first team from the whole of  northeast India to win the I-League.As the party and celebrations went deep into the night,Aizawl players sounded over the moon with the victory, but thanked God for their win.Scenes at full time as @AizawlFC wins the #HeroILeague. #LAJvAFC #HeroILeague #LAJ 1-1 #AFC pic.twitter.com/ifo2nhL3nW- Hero I-League (@ILeagueOfficial) April 30, 2017A happy Rohmingthanga said, “It means everything to us. We worked hard and luckily by the grace of god we were able to achieve the championship title. It is all our hard work and dedication.”When Kamo Stephane Bayi was asked about the win, the Ivorian forward said “I am very happy, It was a good challenge for us.”Another foreign import for Aizawl, Kingsley Obumneme said, “It feels great, I am happy about the whole achievement. This type of thing does not happen often it means a lot to me.”After an eventful season, @AizawlFC finishes at the top of the table followed by @Mohun_BaganAC and @eastbengalfc in the top 3 position. pic.twitter.com/q4uohuVxbz- Hero I-League (@ILeagueOfficial) May 1, 2017pic.twitter.com/zhKDeR8Mlc- Aizawl Football Club (@AizawlFC) April 30, 2017One of the smallest states in the country with the biggest heart victory for the North East, Salute !!!! pic.twitter.com/BvGUsYmxeQ- Thuammawia_Ralte (@thuammawia) April 30, 2017Celebrations from the locker room as @AizawlFC scripted a new chapter in the history of the #HeroILeague pic.twitter.com/hybSx5EKtaadvertisement- Hero I-League (@ILeagueOfficial) April 30, 2017Having beaten Mohun Bagan 1-0 last week, Aizawl FC were three points had on Mohun Bagan and needed a draw or a win to lift the title, which they got. William Lalnunfela was named the man of the match having scored for the team from Mizoram in the 67th minute.Lajong had taken the early lead when centre-forward Asier Pierrick Dipanda slammed home a header in the ninth minute.last_img read more

Read More

Deepika Padukone at 32: How the Bengaluru girl came to rule Bollywood

first_imgWhen Deepika Padukone entered the Hindi film industry in 2007, with Farah Khan’s Om Shanti Om, it was a Big Bollywood debut many actors might have dreamt of. After all, the film had all going for it right from the word ‘Go!’. A massive budget, an ensemble cast, good music, crackling promos… and, to top it all, Shah Rukh Khan. The film broke several box office records and turned out to be the highest grossing Hindi film ever, back in 2007.BIG BOLLYWOOD DEBUT AND THE LULL THAT FOLLOWEDDeepika Padukone had a filmi debut, but that hardly made her the talk of the town back then. Like what had been done to several of her contemporaries, a few people almost made the mistake of writing Padukone off as a one-film wonder. But the patience paid off.ALSO READ: I couldn’t take my eyes off Deepika in Deewani Mastani, says Ranveer SinghAfter Om Shanti Om, Deepika’s filmography had names like Bachna Ae Haseeno (2008) and Chandni Chowk To China (2009), none of which did anything to boost her image as an actor. Her diction was made fun of in snooty circles, and her fashion sense ripped apart by the Nazis of the territory. She was called ‘mannequin-like’, ‘only ornamental in a film’ and so on. You get the drift. It was with Imtiaz Ali’s Love Aaj Kal (2009) that Deepika finally made an impact, befitting of her Om Shanti Om stint, on both her fans and detractors.Deepika Padukone turns 32 on January 5, 2018However, after Love Aaj Kal, Deepika faced a string of flops in the years in between, before re-surfacing like a phoenix in the 2012 Cocktail. There were films in this period which neither Deepika nor her fans would want to be reminded of. From Break Ke Baad to Lafangey Parindey, if she was lauded critically, the films failed at the box office and vice versa.advertisementALSO READ: Deepika looks hotter with me than with Ranbir, says Ranveer SinghCOCKTAIL OF SUCCESS AND HARD WORKPost Cocktail, Deepika’s oeuvre has been defined by numerous hits. While some have had the rare privilege of being both a success commercially and being applauded critically, a few failed to check both those boxes. One after the other, after Cocktail, Padukone had blockbusters. And who her co-star was in a particular film, no longer seemed to be a factor in the success of the film.SEE PIC: Ranbir Kapoor proposes to ex-girlfriend Deepika Padukone… again!Race 2 (2013), Yeh Jawaani Hai Deewani (2013), Chennai Express (2013), Happy New Year (2014), Piku (2015) are films which have tasted massive success at the box office, with a massive chunk of the success being Deepika’s handiwork. For example, 2013’s Goliyon Ki Rasleela Ram Leela. The actor also stepped out of her tried-and-tested roles and took a risk like Finding Fanny (2014) once in a while, which helped her nail that tricky side too.Deepika is currently looking at the release of PadmavatiBEING NUMBER ONEAs of 2018, Deepika Padukone is easily among the most successful female actors in the Hindi film industry. She has been there, right at the top, and has retained her position for a few years now. 2015 saw Deepika in the Shoojit Sircar film, Piku. The actor took home some rave reviews for the film. Despite the story being one on constipation, the harshest of Padukone’s critics were anything but constipated with their ratings.Padukone had two more films in 2015, both of which saw some oh-so-hot chemistry on the silver screen. Deepika reunited with her ex-boyfriend and good friend Ranbir Kapoor in Imtiaz Ali’s Tamasha in November 2015, followed by December 2015’s Bajirao Mastani, where she donned the garb of Mastani to her current boyfriend Ranveer Singh’s Bajirao.Both the films did their bit to whet the curious cat inside her fans and detractors alike. As for her on-film equation with the guys, it remains to be seen who takes the cake.GOING TO HOLLYWOOD2016 saw Deepika concentrating on her career in the West. She travelled to Hollywood. And left people like Vin Diesel and director DJ Caruso in awe. She made her big Hollywood debut as one of Vin Diesel’s love interests in January 2017’s xXx Return of Xander Cage. The film might not have been a money spinner at the international box office, but it got Deepika noticed. As the actor who spoke in ‘Indian English’ and did not borrow an accent from the West for her Hollywood debut.THE ASCENTDeepika’s ascent to numero uno has been peppered with the usual pitfalls, but the actor managed to outdo all her contemporaries put together. Her debut happened in the same year as Sonam Kapoor’s, but while Sonam is somewhere on the curve of success, Deepika happens to reside at the peak right now.advertisementIn the past, and as recently as last year, Sonam has taken several pot shots at Deepika with the occasional snide sneer here or the snarky fashion-related comment there. However, at the end of the day, like Deepika’s friend and co-star Shah Rukh Khan had once said, “Success has this beauty that it eradicates all personal and impersonal attacks. So, instead of saying, explaining, justifying – all I need to do is succeed.” Clearly, the mantra Deepika seems to abide by!Deepika made her Bollywood debut with the 2007 film Om Shanti OmA BENGALURU GIRL AT HEARTUnderneath all the glamour and designer clothes, something that has been a constant in Deepika Padukone’s interviews over the years is her reiteration of the fact that she is a simple person at heart. On the one hand, she has the task of fitting into the image that belongs to her, and on the other, is that of keeping her head on her shoulders. Not getting carried away by fame and success, after all, is one daunting task.”It’s very, very easy to get carried away by the fame, the success, the kind of love, appreciation and adulation that we get. Which is why it’s important to be surrounded by – I won’t say real people, but grounded people. Like my friends, my family, my sister, my parents. It’s like I go to work in the morning and I do what I have to do and they go to work and they do what they have to do, but when we come back, we are us and I am me. I am the same girl that I was in school for my friends. Or the same girl who grew up in Bengaluru.” (June 2015, DNA)And no, no privilege is at hand for the woman who is currently the North Star of the cloudy firmament that is women in the Hindi film industry. The actor has been quoted as saying,”When I go home, when we have no house help at dinner time, we lay our own table, make our own food, serve ourselves from the kitchen, sit at the table, eat and then we all have to wash up.  We divide the work. If my dad is clearing the table, I’ll wipe the table, and mum is washing the dishes, I might empty the dishes, put it back in the fridge, that’s how it is. In the Bengaluru house, it definitely works like that, even over here I am not dependent on my maids at all. If they are up, fine. If they are not, I can manage this house (her Mumbai house) on my own.” (June 2015, DNA)Padukone went to Hollywood with last year’s xXx Return of Xander CageDRIVE TO SUPERSTARDOMBack in school, Deepika Padukone’s life consisted of studies and sports. And goes without saying, being the daughter of the country’s first badminton star meant the elder daughter of the family would also pick up the racquet. But the apple of Prakash Padukone’s eye chose to give up the sport because she felt she was more inclined towards modelling. And thus began her tryst with the camera; first still, then motion. In 2006, after two years of modelling, Deepika made many of her admirers re-go gaga over her when she shot to fame with her print campaign for Kingfisher.advertisementHer surname did hardly anything to salvage her reputation as an actor when one after the other, flops marred Deepika’s career. In several interviews, Deepika has admitted that she ‘hated to say that she didn’t come from a film family’. She meandered to films from modelling, yes, but thereafter, it has been a solitary ride for this Bengaluru girl.THE DEPRESSION AND THE SOUL-BARINGIn 2010-11, Deepika’s career saw troughs of the kind probably even her contemporaries haven’t had to see yet. Despite the general perception that when a film star’s films fall flat, they are ‘depressed’, something quite the opposite happened to this star.In 2014, the actor addressed a session at the India Today Conclave. A session called ‘Being Number One’. Her entry to the stage made quite an imprint on the minds of people who’d seen her there: Standing tall in her six-inch heels and white dress, sinking her teeth into a sweet, was Deepika Padukone. She spoke at length about how she kept her feet on the ground despite her success and fame, and how she was thankful to her parents for being there for her. Back then, little did anyone know what was going on behind that peppy, awe-inspiring demeanour of this superstar.About a year after the conclave, in January 2015, Deepika lay bare some of the darkest recesses of her life. She had to battle depression and anxiety, and had to take medication and clinical counselling during that same time when she was speaking to the numerous people about being number one. “I felt empty,” was the one sentence that Deepika kept coming back to while talking about her depression struggles. And no, she did not have a film release at hand that could be construed as the reason behind her soul-baring of this level.Later, the actor founded an institution to help people battling mental health. She didn’t want anyone to go through what she had, was the reason she cited as being at the centre of it all.PADMAVATIIn 2017, Deepika was supposed to be seen in Sanjay Leela Bhansali’s historical drama, Padmavati. The film was initially slated for a December 1, 2017 release. But all hell broke loose right when the team of Padmavati began shooting. The director was attacked in Rajasthan, sets were vandalised and costumes were torched. Little did anyone know that that was just the beginning of the long battle that the Padmavati team had just embarked on.Over the last few months, Deepika (who plays the titular role, of Rani Padmavati of Chittor, in the film) has seen threats being issued to her: from goons saying that they would do a Soorpanakha on her, to getting special security. As of January 2018, the fate of Padmavati still hangs in the balance. The Central Board of Film Certification (CBFC) suggested modifications and asked for a title change (from ‘Padmavati’ to ‘Padmavat’, the 16th Century epic poem by Malik Muhammad Jayasi, on which the film is supposedly based). But that has not appeased the Rajput groups and political parties crying desecration of honour.It remains to be seen when – or if – Padmavati finally sees the light of the day.THE ROAD AHEADDeepika Padukone turned 32 yesterday. At 32, she will have had the rare luxury of saying that she has ‘been there, done that’. Her Bollywood debut might have happened alongside the most popular superstar of the country, but Padukone has done what many SRK heroines haven’t been able to: She has shouldered successes of films on her own. With a male superstar at times; despite one, at others. That fact doesn’t look like it is going to change any time soon.(The writer tweets as @ananya116)ALSO WATCH: Why Deepika is at the top of her gamelast_img read more

Read More

ARBOR: RISC-based Panel PC for IoV, IIoT applications

first_imgARBOR introduced the new IoT-800N RISC-based panel PC with built-in OBD II for vehicle application. With Rich I/O and wireless options, the IoT-800N is a suitable device for fleet management, driver fatigue monitoring and Industrial Automation. The IoT-800N is powered by Rockchip PX30 ARM-Based processor. With 2GB of soldered-on DDR4 memory, this new quad-core processor translates to a 45% performance improvement over the previous generation.In fleet management, IoT-800N’s built-in OBD II function can communicate with the in-vehicle applications, such as display status information and data collection. The data can easily transmit to the cloud or server for monitoring management and analysis.The new IoT-800N integrated all-in-one LTE module that enables GPS and voice-call to immediately communicate with the fleet management without the need of additional devices.Using an onboard 8 megapixel camera, the IoT-800N can be used in fleet management for driver fatigue monitoring to help reduce safety risks. For wireless connectivity, IoT-800N is capable of supporting Bluetooth 4.0, Wi-Fi, GPS and LTE.The new 8 inch touch display is the perfect size to provide operators a better viewing angle and brightness range to allow for more flexibility on mounting and placement designs. IoT-800N can withstand operating temperatures between -20-70°C. Wide-range power input and IGN power management allows for versatile usability in various industrial scenarios. The IoT-800N has built-in RS232/422/485 COM ports, 3x DI/DO, USB ports and a LAN port and also supports large capacity MicroSD Cards up to 128GB, suitable for Industrial Automation.Share this:TwitterFacebookLinkedInMoreRedditTumblrPinterestWhatsAppSkypePocketTelegram Tags: Boards & Modules Continue Reading Previous Advantech unveils 1U desktop system EPC-T2286Next Abaco, RTI and Wind River partner on COTS DO-254 and DO-178C solution for airborne systemslast_img read more

Read More

3rd Test: Williamson-Nicholls stand helps New Zealand dictate terms vs Pakistan on Day 4

first_imgCaptain Kane Williamson and Henry Nicholls combined in a terrific double-century stand to propel New Zealand’s lead against Pakistan to a valuable 198 runs in the third Test on Thursday.Williamson, who resumed on the fourth day on 14, batted the entire day and grafted an unbeaten 139 off 282 balls with 13 fours.Left-hander Nicholls overcame a jittery start to be 90 not out off 243 deliveries as New Zealand overcame being 60-4 in the morning to reach 272-4 at stumps and regain the advantage. Pakistan let it slip away through lapses in the field and taking a defensive approach.New Zealand was still trailing Pakistan in its second innings by 14 runs when Nicholls joined Williamson before lunch. But they batted with determination and luck in an unbroken 212-run, fifth-wicket stand to leave Pakistan worried about what total it may be chasing to win the series on the last day Friday.New Zealand will be in charge and favored for the series win when it will probably decide to end its second innings and leave enough time to bowl out Pakistan.Pakistan does not have happy memories at Abu Dhabi’s Sheikh Zayed Stadium, where New Zealand won the first Test by just four runs after setting Pakistan a target of 176.Pakistan made a perfect start to the fourth day when legspinner Yasir Shah became the quickest bowler to reach 200 Test wickets in his 33rd Test by dismissing nightwatchman Will Somerville for 4.But Shah dropped Williamson on 80 and 106.And Imam-ul-Haq couldn’t hold onto a sharp reflex catch of Nicholls close to the wicket on the leg side soon after the left-hander completed his half-century before tea.advertisementShah could have dismissed Nicholls on 3, but Pakistan didn’t go for the leg before wicket referral. Video replays showed the ball would have crashed onto the leg stump.Nicholls survived another chance on 9 when he successfully overturned an lbw decision against him off Shah’s sharp turning delivery from round the wicket.New Zealand resumed on 26-2 and Shah got Somerville to reach 200 wickets and break the 82-year-old record of Australia legspinner Clarrie Grimmett, who got his 200th wicket in his 36th Test in 1936 against South Africa at Johannesburg.Ross Taylor’s overly aggressive approach ultimately led to his downfall on 22 off 14 balls when he was caught in the deep as New Zealand slumped to 60-4.Taylor smashed three boundaries in Shaheen Afridi’s one over and was undone by Afridi’s pace in the next over and holed out at deep mid-wicket.Williamson and Nicholls then dug in well on a slow pitch and gradually increased the lead as Pakistan fielders let chances slip away.Williamson completed his 19th Test century off 154 balls with a crisp cover driven boundary off Hasan Ali just before tea. By stumps he’d endured 100 overs.He and Nicholls, closing on his third Test century, scored 87 in the second session and 73 in the last session. Pakistan had a chance to take the new ball over the last 24 overs but declined, setting defensive fields to keep down New Zealand’s run rate.The run rate came down, but Williamson and Nicholls still took the game away from a tired Pakistan attack.(With AP inputs)Also Read | Pakistan vs New Zealand 3rd Test Day 4: As it happenedAlso Watch:last_img read more

Read More

India vs Australia: Mitchell Johnson ‘disgusted’ to see fans at MCG abuse Mitch Marsh

first_imgFormer Australia fast bowler Mitchell Johnson joined Travis Head in criticising the cricket fans who abused and heckled Mitchell Marsh during the third Test against India on Boxing Day.A section of the crowd at the jam-packed Melbourne Cricket Ground booed Marsh on the field after he replaced Peter Handscomb in the Australian playing XI for the Boxing Day Test.Johnson termed their behaviour as disgusting and asked the fans to support Marsh instead of abusing him.”This is disgusting, agree with what Saker says. Marsh doesn’t pick the teams, give him some support ffs & those that are saying it’s banter, what a load of rubbish. Constant booing and abuse daily has an effect on people. And yes they get paid well but still no excuse to abuse,” Johnson wrote on Twitter.This is disgusting, agree with what Saker says. Marsh doesn’t pick the teams, give him some support ffs & those that are saying it’s banter, what a load of rubbish. Constant booing and abuse daily has an affect on people. And yes they get paid well but still no excuse to abuse https://t.co/xjP7kuvJBkMitchell Johnson (@MitchJohnson398) December 26, 2018Australia batsman Head on Wednesday was also disappointed to see Marsh being booed by the crowd, who were unhappy with the West Australian being preferred over local star Handscomb.The MCG crowd started booing Marsh once Marsh’s name was announced on the public address system when he came onto bowl on Wednesday morning.”I don’t think it’s great. Obviously we’ve seen it with Kohli as well but for Mitch, who worked his bum off today, I thought he bowled exceptionally well. I thought he created pressure in tough conditions and fought really hard. I don’t think any Australian cricketer in Australia deserves to be booed,” Head said after the first day’s play.advertisementHead said that he understood the sentiments that Marsh was preferred over a Victorian.”I understand the Victorian crowd, Petey obviously missing out, but I think it’s pretty poor for Mitchy to cop that,” he added.According to a report in ESPN Cricinfo, “A Facebook page was set up ahead of the Test which encouraged fans to boo Marsh, who was the most economical of Australia’s bowlers, conceding 23 runs off his 15 overs”.Australia’s fast bowling coach David Saker revealed after the day’s play that Marsh was affected by the booing from fans.”It’s disappointing. I know that Victorian cricket fans are passionate about Pete Handscomb but Mitch came into the change room at lunch and said that’s not really how you want to get a reaction on Boxing Day,” Saker was quoted by ABC Grandstand.It’s disappointing. I know that Victorian cricket fans are passionate about Pete Handscomb but Mitch came into the changerooms at lunch and said that’s not really how you want to get a reaction on Boxing DayDavid Saker on Mitch Marsh being booed at the MCG. #AUSvIND pic.twitter.com/rft16vBFCHABC Grandstand (@abcgrandstand) December 26, 2018(With PTI inputs)Also Read | Boxing Day Test: Travis Head slams MCG crowd for booing Mitchell MarshAlso Read | Boxing Day Test: Kohli, Pujara look to pile on the agony for Australia on Day 2Also Read | India vs Australia 3rd Test Day 2 in Melbourne: Live Bloglast_img read more

Read More

Silva left out of Man City squad

first_imgManchester City Silva out of Manchester City squad for Shakhtar as youngsters get nod Dom Farrell Last updated 1 year ago 02:47 12/5/17 FacebookTwitterRedditcopy Comments(0) DavidSilva - cropped Getty Images Manchester City UEFA Champions League Shakhtar Donetsk Shakhtar Donetsk v Manchester City With an eye on the derby against Manchester United, Pep Guardiola is expected to field a weakened team in midweek David Silva has been left out of Manchester City’s travelling party for the Champions League Group F game at Shakhtar Donetsk.A statement on City’s official website noted the Spain playmaker was “not fully fit” despite scoring an 83rd-minute winner in Sunday’s Premier League game against West Ham at the Etihad Stadium.City have already secured their progress as group winners after winning five out of five in the round robin stage and there is an expectation manager Pep Guardiola will field a weakened line-up, with an eye on Sunday’s Manchester derby at Old Trafford. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Teenagers Phil Foden and Brahim Diaz made their Champions League debuts as substitutes in the 1-0 win over Feyenoord last time out, while fellow academy products Tosin Adarabioyo and Daniel Grimshaw are also included.Kevin De Bruyne is suspended after collecting three bookings in the competition but Silva is the only additional senior player missing from the squad, alongside injury absentees Benjamin Mendy and John Stones.A winning strike from our magic man!@21LVA’s goal against the Hammers from Every Angle…WATCH  https://t.co/cMKyrOv2iy #mancity pic.twitter.com/s5ckAcMIWj— Manchester City (@ManCity) December 4, 2017″I said to the players in the locker room that the guy who does not want to play against Shakhtar, let me know please,” Guardiola said after the West Ham game, insisting the forthcoming fixture in Ukraine would not be an afterthought.”The moment we take the bus and the plane to go to Ukraine I am going to prepare the game to win the game – out of respect for Shakhtar, respect for Napoli and respect for the competition.”It is a big opportunity to get 18 points out of 18, which is prestigious for the club. The best way to prepare for the United game is playing good against Shakhtar.”Shakhtar have nine points and currently occupy second place in Group F, having traded victories with Napoli, whose two defeats to City leave them on six points.United will be without Paul Pogba for the derby after the influential midfielder was sent off during Sunday’s win over Arsenal. City are top of the Premier League, eight points clear of their neighbours in second.last_img read more

Read More

Duke Using Avery Johnson “Standard” Quote For Marketing Purposes

first_imgAvery johnsons smiles at alabama podium.avery johnson alabamaFormer NBA point guard and head coach Avery Johnson was recently hired to take over the reins of the Alabama basketball program, which has reached just one NCAA Tournament in the past nine seasons. Johnson has a tall task ahead of him, but he has lofty goals for his new squad, saying during his introductory press conference his program will try and live up to the standard set by Duke, the 2014-15 national champions. “Duke University, that’s the standard for us here at the University of Alabama and our basketball program,” Johnson said. “The way they play defense and offense. The way they move the ball, that’s the standard. Nobody else is the standard. That’s the standard. Duke University. That’s why I’m here.”If imitation is the most sincere form of flattery, it also makes for good publicity in this case. Judging by its Instagram post this morning, the Duke program is using Johnson’s quote to its marketing advantage.An obvious, but savvy move by Duke. We’re sure Johnson isn’t the only coach looking to get his program on the level of the Blue Devils but it’s easier said than done.last_img read more

Read More

The Latest Michigan panel OKs Great Lakes pipeline tunnel

first_imgTRAVERSE CITY, Mich. — The Latest on a Michigan panel’s consideration of a proposal to allow construction of an oil pipeline tunnel beneath the waterway linking Lakes Huron and Michigan (all times local):5:10 p.m.A plan to build an oil pipeline tunnel beneath a channel linking Lakes Huron and Michigan has won final approval.One week after it was established, a Michigan panel approved an agreement between outgoing Republican Gov. Rick Snyder’s administration and the Canadian pipeline company Enbridge. It calls for drilling the 4-mile (6.4 kilometre) tunnel through bedrock under the Straits of Mackinac.The new pipeline segment will replace twin pipes along the lake bed. They are part of Enbridge’s Line 5. The pipeline carries oil and natural gas liquids between Superior, Wisconsin, and Sarnia, Ontario.The unanimous approval from the three-member Mackinac Straits Corridor Authority accomplishes Snyder’s goal of sealing the deal before leaving office this month. His successor, Democrat Gretchen Whitmer, has criticized the tunnel plan.___8:50 a.m.A recently established state panel in Michigan could give final approval to a proposed oil pipeline tunnel beneath a crucial section of the Great Lakes.The Mackinac Straits Corridor Authority is scheduled to meet for the first time Wednesday in St. Ignace.The three-member panel is expected to consider recent agreements between Michigan Gov. Rick Snyder’s administration and Enbridge Inc. The Canadian company wants to drill a tunnel through bedrock under the straits area connecting Lake Huron and Lake Michigan.The tunnel would hold a new section of Enbridge’s Line 5, which carries oil and natural gas liquids between Superior, Wisconsin, and Sarnia, Ontario.It would replace a more than 4-mile-long (6.4-kilometre-long) dual segment of pipe that runs along the lakebed.Environmental groups oppose the tunnel and want Line 5 shut down.The Associated Presslast_img read more

Read More

Boyzone to perform in Sri Lanka as part of farewell tour

“We all feel that we should now call time on our lives together as Boyzone and go out on a real high,” said the group in a statement, according to the BBC.Formed in 1993, the group had UK number ones with such hits as Words, No Matter What and All That I Need. Irish band Boyzone will be performing live in Sri Lanka in August as part of their farewell tour.The band is scheduled to perform at the CR&FC Grounds on August 16th. “It was a bittersweet experience to hear all our voices together again. It’s the closest the five of us will ever get to being in a room together again making music.” Boyzone have announced they are to split after releasing a “final” album and staging the farewell tour. Yet they also experienced heartbreak when much-loved band member Stephen Gately died in 2009.In advance of their Thank You & Goodnight album, out in November, the band have released a new track called I Can Dream that features his vocals.“We came across a demo that he originally recorded for his solo album in 2002 and we’ve had the opportunity to re-work the song and add our harmonies alongside his lead vocal,” said the band. 444.lk is the official ticketing partner of the event and a sponsor. Organisers said that tickets are selling fast so log into 444.lk and book your tickets soon. The four surviving members – Ronan Keating, Keith Duffy, Michael “Mikey” Graham and Shane Lynch – will sign off with 13 dates in January and February.“We would love for you to raise the roof one last time as we head out on our farewell UK and Ireland arena tour,” they wrote in a message to their fans. (Colombo Gazette)This story first appeared on Leisure Plus<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> read more

Read More

Security Council president says Mideast crisis will top August agenda

The ongoing crisis in the Middle East is expected to dominate the Security Council’s work this month, said Ambassador Nana Effah-Apenteng of Ghana, which holds the Council presidency for August, but African issues will also receive priority attention.“It is evident that the Mideast crisis, particularly Lebanon, is going to feature prominently on our agenda,” he said, noting that the Council expected to receive Secretary-General’s report on the attack on the Lebanese city of Qana within a week and would “most likely” hold closed-door talks on it.Asked about the need for action on the issue, he said all Council members appreciate the sense of urgency, but cautioned that careful preparation is needed. “The Council on such a crucial issue would be better serving the international community if it acts unanimously and presents a united position and therefore we don’t think that they should take any course of action that would cause more division.”African issues were also expected to play a significant role on the Council agenda. A preliminary briefing on the recent elections in the Democratic Republic of the Congo (DRC) is slated for tomorrow, said Ambassador Effah-Apenteng. On the topic of Sudan, discussions would continue on progress in carrying out the Darfur Peace Agreement and other developments.He said it was also important for the Council to monitor the implementation of the road map in Côte d’Ivoire in the hope that elections would go ahead as scheduled for the end of October. Ghana would also chair a ministerial-level open debate on peace consolidation in West Africa on 9 August.In other work, Mr. Effah-Apenteng noted that the mandates of several UN missions were expiring in August, including those in Iraq, Haiti and Timor-Leste. He said all of those mandates would be reviewed and extended. With Kofi Annan’s second and final five-year term as Secretary-General set to expire at the end of this year, the Council president said it had not been decided whether there would be another straw poll on his replacement, but added that if it were to be held, it would probably take place towards the end of the month. read more

Read More

UN environment head calls for better balance between trade and natural resources

Better balance is needed between liberalizing trade and protecting natural resources, the head of the United Nations environment agency has said, warning that such “natural capital” is being exhausted at an alarming rate and calling for “intelligent” globalization that guarantees sustainability for future generations.“Money may make the world go round. But we know what makes a significant amount of that money is natural capital – the goods and services provided by nature. We also know… that a great deal of this capital is being run down,” Achim Steiner, Under-Secretary General and Executive Director of the UN Environment Programme (UNEP) told the World Trade Organization (WTO) yesterday.“It is clear that a better balance is needed that capitalizes on the benefits of trade liberalization with the absolute necessity of maintaining and re-investing in the global natural resource base… what we really need is ‘intelligent’ rather than benevolent globalisation – one that produces sustainable markets through sustainable trade.” He acknowledged that the challenges of making international trade work sustainably for everyone is a key goal of the WTO, as well as for UNEP, while also emphasizing that environmental policy, far from being a brake on trade, is “emerging as a powerful new force generating new kinds of trading opportunities.”Citing various examples of environmental agreements, including the Kyoto Protocol on Climate Change, he said that these were expanding the notion of trade as a powerful force for sustainable development, pointing out for example that the Kyoto agreement has triggered new flows of funds from developing to developed countries.“Poverty is not only a challenge to the environment and sustainable development; it is an obstacle to trade. So environmental treaties like Kyoto can, by bringing development and wealth to the poor, create billions of new consumers on continents like Africa, Asia and Latin America who can genuinely participate in the global market place.”Mr. Steiner also highlighted the sustainability and trade aspects of other initiatives, as well as raising the possibility of payments for ecosystem services, noting that some economists argue that the amount of carbon removed from the atmosphere by tropical forests may be worth up to hundreds of billions of dollars per year but the countries whose forests remove this pollution are paid nothing.“So why do we not pay communities in the tropics for maintaining forests and the ecosystem services they provide in terms of carbon removal? Could we extend payment for ecosystem services further or develop flexible trade-related mechanisms – like those developed for Kyoto – further to more sustainably manage other natural resources.” read more

Read More

Lance Stephenson Takes Less to Sign With Hornets After

Lance Stephenson, who blew into LeBron James’ ear during a playoff game, drawing criticism from around the NBA, blew $17 million by signing with the Charlotte Hornets instead of re-signing with the Indiana Pacers.Stephenson apparently considered the Pacers’ five-year, $44 million offer an insult and instead signed on with the Hornets for a deal worth $27 million, according to league sources.The mercurial swingman met with Hornets owner Michael Jordan, general manager Rich Cho, head coach Steve Clifford and associate head coach Patrick Ewing on Tuesday night in Las Vegas. The move ends Stephenson’s productive yet controversial time in Indiana.Stephenson, who led the league in triple-doubles, felt the Pacers’ offer was “low ball.” The Charlotte contract pays him $200,000 more per year, but the overall value is much lower than what Indiana offered him. At the end of the day, he left $17 million in guaranteed money on the table.There is a chance this could end up being a smart move for Stephenson. He will be just 26 when his contract with the Hornets is up in the summer of 2017. With the salary cap set to skyrocket in the wake of the league’s new TV rights deals, Stephenson could be well positioned to cash in if he continues to grow as a player.“Reports throughout the negotiation process with Indiana have often strayed from the truth, but suffice it to say that it was less about the money,” Stephenson’s agent Alberto Ebanks said in a statement. “Lance will miss the city, the team and the mentor who helped transform him into the dynamic player he has become. He looks forward to making a strong contribution and beginning a new chapter with the Charlotte Hornets. … While we tried our best to come to the best possible terms for both sides, there was not sufficient flexibility in the terms of the contract, particularly the length of the contract.”The Pacers were unwilling to offer Stephenson a shorter deal, spanning two or three years, sources said. Indiana was also unwilling to increase its offer.Stephenson, who challenged James in the regular season and fought with teammate Evan Turner in practice, would have signed a two-year deal with the Dallas Mavericks for $20 million had the Houston Rockets matched the Mavs’ offer to Chandler Parsons. But the Rockets let Parsons go, opening the way for Jordan and the Hornets.Like many teams, the Hornets, while fans of Stephenson’s play, had concerns about his antics and attitude. But sources say those concerns were alleviated in Tuesday’s face-to-face meeting. read more

Read More

Nessie unmasked Why the Loch Ness monster is such a slippery customer

A giant eel lurking in the depths of Loch Ness may be the creature behind sightings of the fabled monster, scientists have said. The loch contains “surprise” amounts of eel DNA that could explain the enduring legend, according to the first study of its waters. Researchers from New Zealand extracted genetic samples at different depths all over the loch in a bid to establish what lives within. In a blow for Nessie hunters, they found no evidence of reptilian DNA which ruled out the past theories of a Jurassic-era plesiosaur. The findings also failed to support the idea that a large fish, such a sturgeon or a catfish, could be lingering in the depths, or that a wandering Greenland shark may be living…

Read More

Tánaiste Budget cut of €31 billion not necessary to meet deficit targets

first_imghttp://www.youtube.com/watch?v=67A1ZdLYhOsTÁNAISTE EAMON GILMORE has said that a Budget adjustment of €3.1 billion is not necessary in order for the State to reach a deficit to GDP ratio of 5.1 per cent next year.Speaking to the media ahead of a Cabinet meeting in Dublin today, Gilmore said that no figure had yet been agreed but said he has been maintaining since the summer that the Troika-mandated target could be met without taking €3.1 billion out of the economy in spending cuts and tax rises.He said that the final figure cannot be agreed until closer to the Budget on 15 October when more economic information is available.Speaking a short time later, his Labour colleague and Public Expenditure and Reform Minister Brendan Howlin acknowledged the difficulties created by an earlier Budget.“Some of the projections we’re doing are less firm than normal because they’re not end of year figures. It’s going to be very difficult,” he said.- with reporting and videos by Nicky RyanBudget 2014: “It’s going to be a difficult budget” – Richard BrutonMore: IBEC president calls for tax rises to be droppedNoonan: VAT rate for restaurants likely to riselast_img read more

Read More

Alerte Météo France orange le verglas toujours présent dans 19 départements du

first_imgAlerte Météo France orange : le verglas toujours présent dans 19 départements du NordVendredi, Météo France a prolongé son alerte orange sur 19 départements du nord de la France où le verglas reste très présent. Le préfet de Police de Paris a lui conseillé aux Franciliens d’éviter de se déplacer en voiture.L’épisode neigeux était exceptionnel mais il peine à s’effacer sur le nord de la France. Depuis mardi, les températures restent très fraiches sur tout l’Hexagone, maintenant la présence d’amas de neige et de verglas dans plusieurs départements. Ainsi, Météo France a de nouveau prolongé l’alerte orange qu’elle avait déclenché il y a quelques jours : 19 départements sont donc toujours en vigilance verglas. Les départements concernés se situent en Basse-Normandie, en Haute-Normandie, dans l’Ile-de-France, dans le Nord-Pas-de-Calais et en Picardie. Une liste à laquelle s’ajoute l’Eure-et-Loire. “Après une nuit encore glaciale, une perturbation atlantique s’annonce sur la façade atlantique et en bordure de Manche. Sous un ciel de plus en plus nuageux et avec le renforcement du vent de sud-ouest, quelques pluies faibles arriveront en début de journée sur les régions du littoral atlantique et de la Manche”, explique Météo France sur son site.La voiture déconseillée en Ile-de-France Il est donc toujours recommandé aux automobilistes de faire preuve de la plus grande vigilance lorsqu’ils prennent la route. Du côté de l’Ile-de-France, le préfet de Police de Paris a lui recommandé d’éviter de prendre la voiture. Dans un communiqué, il souligne que le niveau 3 de vigilance est maintenu “en raison des températures très basses attendues la nuit prochaine (-1°à -5°C localement) et de la persistance du verglas”. À lire aussi(VIDÉO) Un radar détecte un nuage de coccinelles de 80 kilomètres de large”En conséquence, pour la journée du vendredi 15 mars, il est recommandé aux franciliens d’éviter si possible les déplacements en voiture” et de “privilégier les transports en commun”. “Il est également vivement rappelé aux conducteurs d’adapter leur vitesse aux conditions de circulation car le risque de plaques de verglas localisées est avéré”, insiste le préfet cité par l’AFP. Celui-ci a rappelé qu’il y a “un risque très important de pluies verglaçantes et de brouillards givrants” durant toute la journée de vendredi.  Alerte vent levée dans le sud Côté températures, “les gelées sont sévères ce matin et descendent entre -4 et -8 degrés sur une grande partie du pays”, ajoute Météo France bien que les températures commenceront à nettement remonter dans les régions de l’ouest. Par ailleurs, l’alerte déclenchée jeudi sur trois départements du sud en raison de vents violents a été levée. Les rafales restent encore importantes mais le vent faiblira au cours de la journée. Le 15 mars 2013 à 10:09 • Maxime Lambertlast_img read more

Read More

Deposit 18000 crore to travel abroad Delhi High Court tells Naresh Goyal

first_img Naresh Goyal quits as Jet Airways chairman, stake slashed to 25% Close Goyal’s advocate argued that not allowing his client to travel abroad is a violation of his fundamental rights. ReutersThe Delhi High Court on Tuesday asked Naresh Goyal to deposit Rs 18,000 crore, which his cash-strapped airline Jet Airways owes to lenders, if he wishes to leave India. The court, expressing apprehension that the founder and former chairman of the airline may not return like others facing allegations of frauds said, “I won’t name but some people are sitting outside the country, and India is not able to bring them back.”Refusing interim relief to Goyal, the high court’s single-judge bench of Justice S.K. Kait sought centre’s response on Goyal’s plea challenging a lookout circular (LOC) issued against him. The court will hear the case again on August 23. Centre had informed the court about the investigation by the Serious Fraud Investigation Office against Goyal, regarding fraud of Rs 18,000 crore. Notices to the ministry of home affairs, ministry of corporate affairs and ministry of law and justice were also issued, seeking their response on the date of the next hearing.In Goyal’s petition challenging the LoC, he said that no case was registered against him on May 25, when he and his wife Anita were deboarded from a flight to Dubai. Senior advocate Maninder Singh, appearing for Goyal, argued that there was no material to show that there was any attempt by Goyal to evade investigation. As Goyal is a non-resident Indian (NRI), he is required to travel abroad for a certain period.  Singh also said that not allowing his client to travel abroad is a violation of his fundamental rights. However, the court opposed the argument and said that the rights of a person to travel abroad are limited. Goyal quit as the chairman of Jet Airways in March after the airlines defaulted on payments to banks and aircraft lessors. The troubles for the airline had started with problems in debt servicing and were followed by the grounding of aircraft, flight cancellations, delayed salaries and pilot strike over pay.It was expected that UAE’s Etihad Airways, a major shareholder in Jet, would come to the airline’s rescue. However, Etihad wanted Goyal to step down as chairman and slash the holdings from 51 per cent.It was being speculated in May that promoters of the defunct airline, including Goyal, may face criminal charges if an ongoing examination of its books reveals financial fraud. The Registrar of Companies (RoC) inspecting the airline company’s books could recommend government action if primary evidence of fund diversion were found.center_img IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:02/1:02Loaded: 0%0:02Progress: 0%Stream TypeLIVE-1:00?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading …last_img read more

Read More

Housing lender DHFL warns it may not survive

first_imgA woman walks past a signboard of Dewan Housing Finance Corporation Ltd. (DHFL) outside its office on the outskirts of Mumbai, January 31, 2019.ReutersShares in one of India’s biggest home loan and property finance companies, Dewan Housing Finance Ltd (DHFL), are expected to fall sharply on Monday after the lender reported dismal results and warned about its grim financial situation.DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday. It also said it had defaulted on the interest payments due on two non-convertible debentures.”The share price would be impacted significantly. I expect it to be down around 10-15% when markets open as their business has been significantly affected,” said Arun Kejriwal, founder of independent advisory firm Kejriwal Research.The company’s ability to raise funds has been substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements, DHFL said in the note accompanying the results.”The most concerning thing in the result is that increased provisioning amount of 32.8 billion rupees ($478.5 million), which has suddenly come up in Q4FY19,” said Hemindra Hazari, an independent banking analyst, adding this implies either a sudden asset deterioration or that stressed assets are finally getting recognised.”This is not a great sign,” said Hazari.DHFL’s results are the latest sign of growing stress in India’s finance sectors as state-owned banks grapple with bad debts and a recent liquidity crunch in the shadow banking industry.This, in turn, has hurt economic growth, which in the March quarter fell to its lowest level in more than four years, presenting a challenge to Prime Minister Narendra Modi, who recently won a second term in office.RESTRUCTURING PLAN DHFL has said it is talking to bankers and other lenders on restructuring its borrowings and is in discussions to sell its retail and wholesale portfolio.The company will submit a resolution plan shortly, which may include extending the tenure of loans, converting debt into equity, seeking additional working capital and inducting a new management team and financial investors, sources who attended a meeting with its lenders on Thursday told Reuters.”We are in constant touch with the DHFL management and we’re confident that a resolution plan can be worked out in the coming days,” said one of the bankers involved in the recovery process, requesting anonymity.Still, investors say the company’s dire warnings about its financial situation raising doubts around the “ability of the company to continue as a going concern,” will remain in focus when markets open on Monday.”The losses are not surprising but the quantum is definitely surprising,” SP Tulsian, an independent investment adviser told television channel CNBC TV18.”I don’t accept these arguments about the company finding a solution in the next couple of months as that seems unlikely,” he said, noting that DHFL’s management has been trying to sell assets for the last four to six months.last_img read more

Read More

Fuel Fund Baltimore Mayor RawlingsBlake BGE Help Homeless Clear Utility Debt

first_imgBaltimore Mayor Stephanie Rawlings-Blake Feb. 25 announced she has joined with the Fuel Fund of Maryland and Baltimore Gas and Electric (BGE) to help local homeless persons overcome a major obstacle to permanent housing—overdue (BGE) bills. The mayor unveiled the Power of Home, a Fuel Fund program to address unpaid utility bills that block the move from a homeless shelter into permanent housing. Overdue utility bills are frequently part of the cascade of calamities that result in homelessness, according to homeless advocates. “The Power of Home is another step in the right direction toward making homelessness rare and brief in Baltimore,” Rawlings-Blake said at a news conference. “Taking practical steps like resolving past-due utility bills removes a huge barrier that keeps too many families from transitioning from a shelter to permanent housing.” The Journey Home, the mayor’s initiative to end homelessness, is contributing $5,000 to the Power of Home to the effort to clear up unpaid utility bills. BGE is providing $20,000 in bill credits and the Weinberg Foundation is donating $20,000 toward the cause. The mayor said, “This is a powerful example of the Baltimore community coming together to assist our most vulnerable residents.” In data underscoring this winter’s brutal toll on ratepayers, Power of Home officials said one-third of the non-profit’s clients average outstanding BGE debt of $1,268, with some outstanding bills exceeding $5,000. Baltimore Gas and Electric Senior Vice President for regulatory and external affairs Calvin G. Butler Jr. said during the news conference, “at BGE, we are committed to supporting the communities in which we live and work and are pleased to be a part of the tremendous work being done by the Baltimore City Journey Home campaign.” Butler said last fall he heard, first-hand, success stories of city residents who made their way out of homelessness. “I couldn’t help being moved by the strength and determination these individuals displayed to overcome the tough breaks that life can sometimes send our way.” “When those who have endured homelessness are able to take the steps needed to put a roof over their heads, BGE is pleased to support them in their efforts by providing bill credits to these individuals, through The Power of Home program, to help them in their efforts to get their families into a new home,” Butler said.last_img read more

Read More