Today’s “Phrase of the Day” is “throw in the towel” and its meaning is “admit defeat, concede defeat, give up, give in, surrender, capitulate, give way, back down”.
Example Sentence: Still, the prospects of the (telecom) sector diminishing to a duopoly remain high. With Vodafone Group CEO Nick Read categorically telling analysts in July that the firm would not be investing any additional equity into India and Mr. Birla throwing in the towel last month, the Centre’s relief may be too little, too late.
This phrase is present in The Hindu article Delaying the inevitable: On relief to telcos and click here to read it.
Courtesy: The Hindu
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