PBA semis: Magnolia avoids 0-3 hole, shuts down Rain or Shine late

first_imgPanelo: Duterte ‘angry’ with SEA Games hosting hassles Private companies step in to help SEA Games hosting SEA Games hosting troubles anger Duterte View comments Rookie Javee Mocon led all scorers with 18 points that went with nine rebounds but even he couldn’t break the Painters’ dry spell down the stretch.Mocon’s three-point play with 4:03 remaining that cut the Magnolia’s lead down to two, 76-74, turned out to be Rain or Shine’s final points.The Hotshots, who limited the Painters to just 11 points in the fourth quarter, go for the equalizer in Game 4 when the series resumes on Monday after the Holy Week break.ADVERTISEMENT Don’t miss out on the latest news and information. LATEST STORIES Hontiveros presses for security audit of national power grid Sports Related Videospowered by AdSparcRead Next Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venuecenter_img Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines—Magnolia put on a defensive clinic late to beat Rain or Shine, 85-74, in a must-win Game 3 in their Philippine Cup semifinals series Tuesday night at Araneta Coliseum.The Hotshots held the Elasto Painters scoreless in the final four minutes to close the game on a 9-0 run.ADVERTISEMENT Cayetano: Senate, Drilon to be blamed for SEA Games mess Philippine Arena Interchange inaugurated Louie Alas defends Phoenix big men: They’re physical but not dirty players DA eyes importing ‘galunggong’ anew PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss “We just tried to bring back Magnolia Hotshots basketball it’s a more defensive-minded team,” said Magnolia head coach Chito Victolero, whose squad made it a series after dropping Games 1 and 2.“We needed to bring back our aggressiveness and energy. Even though, we’re tried we have no choice but to go back to our identity. We were focused for 48 minutes.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsMagnolia big man Ian Sangalang came alive in the fourth quarter where he scored 12 of his 16 points after going scoreless in the first half.Paul Lee also scored 16 while Mark Barroca collected six points, 10 rebounds, six assists and two blocks for the Hotshots. MOST READlast_img read more

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India Incs Q1 earnings poorest in 3 years festive season may be

first_imgBENGALURU: India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy. More than 60 per cent of 125 firms that have reported so far, and are tracked by analysts, missed profit forecasts for the June quarter, the most since at least 2016, Refinitiv data shows. India’s biggest lenders and automakers have all sounded warning bells over the slower growth in demand and consumption. Also Read – Thermal coal import may surpass 200 MT this fiscal”It’s going to be a gloomy Diwali. Things are not going to change immediately in the next two or three months,” said Umesh Mehta, head of research at Samco Securities. The Indian festive season, which starts in September and runs through the end of the year, is the biggest sales season for companies. It typically peaks around Diwali, or the festival of lights, in October. But this time, the outlook for the period is subdued after India’s economy grew at the slowest pace in more than four years in the January-March quarter. An erratic monsoon, high rates of unemployment and a liquidity crisis in the shadow banking sector have added to the uncertainty. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boost”Consumers are currently postponing their purchases because of the general slowdown,” said Neeraj Dewan, director, Quantum Securities. Consumer goods giant Hindustan Unilever has warned demand will “remain subdued given macroeconomic conditions”. The benchmark Nifty index NSEI has dropped more than 10 per cent since hitting an all-time high in early June and is the fourth-worst performer among its major Asian peers so far this year. “The growth engine is slowing down, which is why we are seeing a sell-off,” Samco’s Mehta said. Automakers have been among the worst hit by the slump in demand, with monthly auto sales in India down 17-20 per cent since April. Preliminary data shows overall car sales in the country may have dropped as much as 30 per cent in July. Tata Motors, India’s top automaker by revenue, posted a bigger-than-expected loss for the June quarter. Rival Maruti Suzuki, which managed to top estimates aided by cost cuts, saw an 18 per cent drop in sales. Gopal Mahadevan, finance head at truck maker Ashok Leyland, has said the lower auto sales have “more to do with the general economic condition” and not a demand problem. Among the few bright spots for the quarter was Johnny Walker and Smirnoff maker Diageo, which reported an 8 per cent rise in sales in India, led by strong demand for scotch. Its subsidiary, United Spirits, posted a near 10 per cent rise in sales. “The lipstick effect, which indicates consumers spend more on low-ticket luxury and instant gratification items during a crisis, could be at play here,” said Gnanasundaram Saminathan, a research analyst at Spark Capital Advisors.last_img read more

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