Wednesday, 23 August 2017

Japanese Garden Bench


Combine five 2x4s, a handful of screws and a long afternoon to build a handsome and sturdy sitting spot for your deck or garden. My father always has had a knack for doing more with less. He built the first house on our farm using a Skil saw, a drill and a hammer.

You can read more here: Japanese Garden Bench

CCEA approves closure of BWEL


NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the Railway Ministry's proposal to close the Bharat Wagon and Engineering Co Ltd (BWEL).

You can read more here: CCEA approves closure of BWEL

India Implements WTO’s TFA – Boost to Trade Linkages, Ease of Doing Business


India has released a 76 point National Trade Facilitation Action Plan (NTFAP), under the WTO's Trade Facilitation Agreement (TFA). This article discusses how the TFA will ease doing business in India, reduce trading costs, and boost exports and imports.

The post India Implements WTO’s TFA – Boost to Trade Linkages, Ease of Doing Business appeared first on India Briefing News.

Retail could go the real estate way: Mahantesh Sabarad, SBI Cap Securities


We do not know which set of banks are going to be generally getting together for the merger but historically it is assumed that a strong bank will actually take in a weaker set of banks and therefore you will have such kind of mergers between a weak bank and a strong bank collectively both the b

You can read more here: Retail could go the real estate way: Mahantesh Sabarad, SBI Cap Securities

'Entrepreneurship a less desirable career choice in India'


NEW DELHI: Entrepreneurship is a less desirable career choice in India when compared to its peers in the least developed economies as well as in Brazil, China and South Africa, says a report.

You can read more here: 'Entrepreneurship a less desirable career choice in India'

Go for buy on dips and hold strategy: Rahul Shah, Motilal Oswal Financial Services


Talking to ET Now, Rahul Shah, Motilal Oswal Financial Services , says there a sideways to negative correction near term or time-wise correction for some more time cannot be ruled out.

You can read more here: Go for buy on dips and hold strategy: Rahul Shah, Motilal Oswal Financial Services

Dewalt Cordless Band Saw Review Model DCS371


If you are looking for a band saw, Dewalt has you covered.  Dewalt offers both a corded and cordless version depending upon your needs.  For today, let’s cover the cordless band saw 20V and more specifically the DCS371 cordless, so let’s jump in and go over the Dewalt cordless band saw review.

You can read more here: Dewalt Cordless Band Saw Review Model DCS371

Hitachi's Ramesh Srinivasan to join BankBazaar as CFO


BENGALURU: Financial marketplace BankBazaar has announced the appointment of Ramesh Srinivasan as its new CFO. Srinivasan comes with 22 years of experience in the banking and financial services Industry (BFSI) segment and was earlier the financial advisor at Hitachi Payment Services.

You can read more here: Hitachi's Ramesh Srinivasan to join BankBazaar as CFO

Bullish on 2 wealth creation ideas in mid-term: Siddharth Sedani, Anand Rathi


Betting on Voltamp Transformers and Kalpataru Power, says Siddharth Sedani, Anand Rathi , talking to ET Now. What would be the first stock that you would like to recommend?

You can read more here: Bullish on 2 wealth creation ideas in mid-term: Siddharth Sedani, Anand Rathi

PSB merger: There will be pain in merger in the short term, says DK Mittal


Discussing the PSU bank merger mechanism with ET Now, DK Mittal, Former Banking Secretary, says the benefits in terms of manpower, branches, technology optimisation is going to be much higher.

You can read more here: PSB merger: There will be pain in merger in the short term, says DK Mittal

We have our own reasons for welcoming the push towards PPP in metro: Vinayak Chatterjee, Feedback Infra


In a chat with ET Now, Vinayak Chatterjee, Feedback Infra , and YD Murthy, NCC , give their views on the metro economy. Edited excerpts: I want to simply focus on the metro economy today.

You can read more here: We have our own reasons for welcoming the push towards PPP in metro: Vinayak Chatterjee, Feedback Infra

From a medium term investment perspective, India remains an attractive story: Vivek Rajpal, Nomura India


In a chat with ET Now, Nomura India's Vivek Rajpal gives his views on the macro picture in India currently, the key risks to growth, and the resilience of the Indian economy. Edited excerpts:

You can read more here: From a medium term investment perspective, India remains an attractive story: Vivek Rajpal, Nomura India

PSU banks’ merger will help improve credit quality and address skill deficiency: Dinesh Kumar Khara, SBI


Talking to ET Now, Dinesh Kumar Khara, SBI, says an alternative mechanism has to be put in place for the PSB mergers. SBI’s merger with its five associate banks got through on April 1st.

You can read more here: PSU banks’ merger will help improve credit quality and address skill deficiency: Dinesh Kumar Khara, SBI

Survival 101: How ShopClues founder Sandeep Aggarwal kept his dreams afloat


Sandeep Aggarwal, founder of two well-funded startups, reflects on his outburst on social media earlier this year and lessons learnt from the experience. It’s been a tumultuous year for Sandeep Aggarwal, the founder of two prominent startups.

You can read more here: Survival 101: How ShopClues founder Sandeep Aggarwal kept his dreams afloat

11 states may see Rs 9,500 crore revenue loss this year under GST


MUMBAI: Even though as a whole states' revenue may clip past at a CAGR of 16.6 per cent in FY18 over FY16 under the GST, 11 of them may need an additional Rs 9,500 crore compensation from the Centre this year, says a report.

You can read more here: 11 states may see Rs 9,500 crore revenue loss this year under GST

GST to benefit lower, lower-middle income class: Asian Development Bank


NEW DELHI: The goods and services tax in India will benefit the lower and lower-middle income class as it is likely to reduce the tax rate on goods, a blog posted on Asian Development Bank's website said.

You can read more here: GST to benefit lower, lower-middle income class: Asian Development Bank

First quarter is never right to judge rating agencies: Rajesh Mokashi, CARE Ratings


Talking to ET Now, Rajesh Mokashi , MD, Care Ratings , says the fiscal of the government will start improving and that eventually will lead to a better economic recovery.

You can read more here: First quarter is never right to judge rating agencies: Rajesh Mokashi, CARE Ratings

Tuesday, 22 August 2017

Missing package? Delhivery's new software to automatically correct inaccurate addresses


Even as common sense dictates that inclement weather and traffic-choked streets can stymie the efforts of delivery firms, one may be surprised to learn that the real logistical challenge for them is to find the correct address.

You can read more here: Missing package? Delhivery's new software to automatically correct inaccurate addresses

Uber India is on road to overtake US parent: David Richter, SVP of business, Uber


India continues to be a high-priority market for Uber despite the management upheaval at the company.

You can read more here: Uber India is on road to overtake US parent: David Richter, SVP of business, Uber

We still remain very upbeat on India: Muhammad Auranganzeb, JP Morgan


Global investors are keen to invest in India as business confidence is at an all-time high amid a raft of reform meas ures, says Muhammad Aurangzeb, CEO ­ global corporate bank (Asia Pacific) at J P Morgan .

You can read more here: We still remain very upbeat on India: Muhammad Auranganzeb, JP Morgan

Bombay Shaving Gets Rs 14 crore funding


MUMBAI: Men’s consumer care product firm Bombay Shaving Company has raised Rs 14 crore from a clutch of investors led by Fireside Ventures to fuel its expansion plans.

You can read more here: Bombay Shaving Gets Rs 14 crore funding

L&T succession well-calibrated, to go smoothly: AM Naik


MUMBAI: Larsen & Toubro (L&T) chairman AM Naik believes that unlike Infosys and the Tata Group, the succession at the company would be smooth as it was transparent and well-calibrated.

You can read more here: L&T succession well-calibrated, to go smoothly: AM Naik

Modern Gateleg Table: A Contemporary-Looking Design That’s Really From the 18th Century


by Christopher Schwarz Pages 28 – 34 October 2017 Buy the issue here. If you’ve ever been dragged to Ikea by your spouse (few woodworkers go willingly – except to eat meatballs), you’ve probably seen a table similar to this gateleg one.

You can read more here: Modern Gateleg Table: A Contemporary-Looking Design That’s Really From the 18th Century

HCL to invest Rs 5,000 crore over 4 years


KOLKATA: Hindustan Copper is looking to invest around Rs 5,000 crore over the next four years as it makes a strategic shift to value-added products and ramps up mine capacity three-fold.

You can read more here: HCL to invest Rs 5,000 crore over 4 years

Green with Envy


Recently, one of my big sisters (I have three) cut down a really large dying birch tree at her cabin (it was almost 20 inches in diameter). Near its base, there was a large burl. Needless to say, this burl is now in my possession, and my goal is to turn a really large bowl from said burl.

You can read more here: Green with Envy

Encourage the Beginners


In last issue’s eZine, Rob talked of spending some time at a county fair, and checking out the youth woodworking projects. This reader had a philosophical approach to projects by beginning woodworkers. – Editor

You can read more here: Encourage the Beginners

Founders of Snapdeal-owned Unicommerce eSolutions quit


BENGALURU: The founders of Unicommerce eSolutions, the Snapdeal-owned, SaaS-based e-commerce solutions provider, have quit the company, two years after being acquired by the Gurgaon-based online marketplace in a cash-and-stock deal.

You can read more here: Founders of Snapdeal-owned Unicommerce eSolutions quit

VIDEO: Using Your Drill Press as a Sanding Machine


The drill press is great for boring holes, but it can also make a very effective sanding machine. We show you a few sanding accessories that you can easily use with your drill press to sand different shapes and surfaces.

You can read more here: VIDEO: Using Your Drill Press as a Sanding Machine

Rubique records 48.8 per cent in loan disbursed this quarter


PUNE: Fintech firm Rubique said today that it had disbursed loans worth Rs 488 crore in the last quarter, a 48.8 per cent increase over the corresponding quarter last year. It said that revenue for the quarter had also increased substantially.

You can read more here: Rubique records 48.8 per cent in loan disbursed this quarter

Druva raises $80 million funding from Riverwood Capital


BENGALURU: Druva, among the world’s biggest data protection startups, has secured $80 million (about Rs 513 crore) in funding led by US-based Riverwood Capital, bulking up capital as enterprises face frequent threats from increasingly sophisticated cyber attacks.

You can read more here: Druva raises $80 million funding from Riverwood Capital

Alibaba's UC Browser under govt scanner over data leaks


NEW DELHI: Alibaba's UC Browser has come under the government's scanner for alleged leak of mobile data of its Indian users and may be banned in the country if found guilty, a senior IT ministry official said today.

You can read more here: Alibaba's UC Browser under govt scanner over data leaks

Tarik Yousef: Harmonious Designs in Modern (and more) Styles


Tarik Yousef was introduced to woodworking in middle school shop class, and “I just took to it really well and really enjoyed it. It didn’t take long for me to start buying tools and messing around with stuff.”

You can read more here: Tarik Yousef: Harmonious Designs in Modern (and more) Styles

Small Shop Chair Production


Reader Miroslav Jovanovic from Germany wrote in to share photos of his woodworking studio and some of the furniture he’s produced there.

You can read more here: Small Shop Chair Production

DeWALT 20V MAX* XR 18-ga. Cordless Brad Nailer


DeWALT’s XR 18-gauge Cordless Brad Nailer drives brad nails from 5/8- to 2-1/8-in. long, using a single 20V MAX* battery. It provides the freedom of a cordless tool while eliminating the need for an air hose, compressor or the gas cartridges required for other nailers.

You can read more here: DeWALT 20V MAX* XR 18-ga. Cordless Brad Nailer

Porter-Cable Restorer Kit


Porter-Cable’s Restorer boasts many of the benefits of both a belt sander and an angle grinder. When compared to a belt sander, it is lighter and easier to handle. It’s also more versatile, thanks to the wide variety of sanding and abrasive sleeves available for it. Weighing 4.5 lbs.

You can read more here: Porter-Cable Restorer Kit

Restoring Teak Bench’s Wood Color?


I recently bought a solid teak bench that has not been maintained for years. What is the best method for restoring the wood and removing the gray, old, oxidized wood layer? Scraping? Sanding? – Kimberly J. Sutherland

You can read more here: Restoring Teak Bench’s Wood Color?

Pepperfry aiming at Rs 5000 crore sales by 2020


KOCHI: Leading Indian online furniture and home products marketing company Pepperfry is expanding its offline presence through its exclusive units as part of plan to strengthen its omni-channel strategy to achieve a sales turnover of Rs 5000 crore by 2020.

You can read more here: Pepperfry aiming at Rs 5000 crore sales by 2020

Indo-Israeli innovation accelerator launched in India


NEW DELHI: Collaborative Intelligence (CI), an Indian Technology company, has partnered with Israel Tal Catran from TC Holdings, to launch the first Indo-Israeli Innovation Accelerator.

You can read more here: Indo-Israeli innovation accelerator launched in India

Market is in an expensive territory but not a crazy territory: Howard Marks


You may say well why now, not six months ago? This is not a magic time but markets have gone higher and that means that prospective returns have moved lower at a time in my opinion when the risks have increased.

You can read more here: Market is in an expensive territory but not a crazy territory: Howard Marks

To us the Rosneft deal signifies our ability to build assets: Prashant Ruia, Essar Group


In an interview with ET Now, Prashant Ruia, Director, Essar Group , talks about the group's deal with Russia's Rosneft. Edited excerpts: Prashant Ruia: This is not so much only about debt. It is about the ability of the Essar Group to create an asset from scratch in 1995 when we started Essar Oil.

You can read more here: To us the Rosneft deal signifies our ability to build assets: Prashant Ruia, Essar Group

Nandan Nilekani is probably the only voice of reason Narayana Murthy listens to: Shriram Subramanian, InGovern


As we have been saying this over the last five minutes, this would be music to the ears of shareholders across given Nilekani’s repute, what he has done with Aadhaar, I mean there is no taking away from the fact that he has great execution skills when it comes to a moment of crisis?

You can read more here: Nandan Nilekani is probably the only voice of reason Narayana Murthy listens to: Shriram Subramanian, InGovern

Expect Infosys to appreciate over 12 to 15 months: Dilip Bhat, Prabhudas Lilladher


Talking to ET Now, Dilip Bhat, Joint MD, Prabhudas Lilladher , says on a risk return basis, Infosys looks pretty good. One should accumulate it around the current levels. How did you see the whole Infosys saga play out and it is still unfolding as the transition takes place.

You can read more here: Expect Infosys to appreciate over 12 to 15 months: Dilip Bhat, Prabhudas Lilladher

Milwaukee Workskin Performance Shirt Review


We all know what it’s like in the dead of summer, working outside with the sun beating down on us.

You can read more here: Milwaukee Workskin Performance Shirt Review

Betting on these 2 wealth creation ideas: Avinnash Gorakssakar, Joindre Capital


In a chat with ET Now, Avinnash Gorakssakar, Joindre Capital , says bullish on Capital First and RCI Industries. What is the first stock that you would recommend?

You can read more here: Betting on these 2 wealth creation ideas: Avinnash Gorakssakar, Joindre Capital

Forex policy does not impact our margins: Adhish Patil, CFO, Aarti Drugs


In an interview with ET Now, Adhish Patil, CFO, Aarti Drugs , gives his take on the company's Q1 numbers and how the GST transition impacted the company. Edited excerpts: Let us talk to you first about the results.

You can read more here: Forex policy does not impact our margins: Adhish Patil, CFO, Aarti Drugs

Australia court dismisses appeal against Adani coal mine project


MELBOURNE: Indian mining giant Adani Group's 16.5 billion dollar controversy-hit coal mine project in Australia has cleared another hurdle with Brisbane Supreme Court dismissing an appeal filed by indigenous group against the project. The project involves dredging 1.

You can read more here: Australia court dismisses appeal against Adani coal mine project

Over one year, Bharat 22 index has outperformed Sensex: Koel Ghosh, S&P Dow Jones Indices


While the Bharat 22 has shown a 20% return in the one year, the Sensex have shown a 17.4% return, says Koel Ghosh, S&P Dow Jones Indices, talking to ET Now.

You can read more here: Over one year, Bharat 22 index has outperformed Sensex: Koel Ghosh, S&P Dow Jones Indices

Australian Investment into India: Skill India, Clean Energy Market


Australian growth prospects in India are growing. In this article, we focus on opportunities emerging in two key industries – education and clean energy. Finally, we discuss the benefits of investors approaching India on a state-by-state basis.

The post Australian Investment into India: Skill India, Clean Energy Market appeared first on India Briefing News.

MFs had poured 40% of money in tech sector in Infosys: Kaustubh Belapurkar, Morningstar India


Talking to ET Now, Kaustubh Belapurkar, Morningstar India, says since March, large-caps have actually marginally done better than the mid and small caps. The Infosys the stock is down 15% in August. Your research is indicating that in July mutual funds bought aggressively into Infosys.

You can read more here: MFs had poured 40% of money in tech sector in Infosys: Kaustubh Belapurkar, Morningstar India

India's June quarter GDP to see modest recovery at 6.6%: Nomura


NEW DELHI: India is expected to see a modest recovery in GDP growth at 6.6 per cent for the April-June quarter as compared to 6.1 per cent in January-March, which was affected by demonetisation, says a Nomura report.

You can read more here: India's June quarter GDP to see modest recovery at 6.6%: Nomura

April-June quarter sees PE investments of $6.3 billion: Report


NEW DELHI: Private equity investment activity in India remained buoyant in the April-June quarter with investments worth $6.3 billion, a 51 per cent rise in deal value over a year-ago period, says a report.

You can read more here: April-June quarter sees PE investments of $6.3 billion: Report

FMCG dealers seek to recover GST cost from companies


NEW DELHI: Companies in FMCG and consumer durable space are facing a surprise bouncer from their dealers experiencing goods and services tax (GST) transition blues.

You can read more here: FMCG dealers seek to recover GST cost from companies

Government gets Rs 42,000 crore tax so far in first filing under GST


NEW DELHI: As much as Rs 42,000 crore has already come in as taxes so far in the first monthly filing under the new Goods and Services Tax (GST) regime and the revenues are expected to swell further as the filing cycle closes this later this week.

You can read more here: Government gets Rs 42,000 crore tax so far in first filing under GST

Monday, 21 August 2017

Right time to bottom pick quality names: Deven Choksey


Talking to ET Now, Deven Choksey, KR Choksey Securities, says . this is a typically bull market correction and individual stocks may provide opportunity to enter at lower levels.

You can read more here: Right time to bottom pick quality names: Deven Choksey

Why Amazon, Disney and Uber are courting this two-year-old startup


What does Amazon, Disney and Uber have in common? Aside from being large corporations drawing billions of dollars every year, their collaboration with a two-year-old startup bands them together - or rather sets them apart - in the tech-led business landscape.

You can read more here: Why Amazon, Disney and Uber are courting this two-year-old startup

GE's Jeffrey Immelt tops list to replace Travis Kalanick as Uber CEO


Jeffrey Immelt, the former CEO of GE, is now the top candidate to become the new CEO of Uber, Recode reported on Saturday, citing "numerous" unnamed sources.

You can read more here: GE's Jeffrey Immelt tops list to replace Travis Kalanick as Uber CEO

Zomato Treats crosses 21,500 subscriptions in four months


NEW DELHI: Restaurant discovery and food delivery company Zomato has crossed 21,500 subscriptions for Zomato Treats in the four months since the service's launch in India, having served 1 lakh treats.

You can read more here: Zomato Treats crosses 21,500 subscriptions in four months

Uber appoints Vishpala Reddy as Chief People Officer-India


BENGALURU: Uber has appointed former American Express executive Vishpala Reddy as the Chief People Officer for India and South Asia.

You can read more here: Uber appoints Vishpala Reddy as Chief People Officer-India

Capital Float raises Rs 293 crore in Series C


BENGALURU: Digital lending startup Capital Float has raised Rs 293 crore in its Series-C round led by US-based fintech investor Ribbit Capital. Existing investors Sequoia Capital, SAIF Partners and Creation Investments also participated in the round.

You can read more here: Capital Float raises Rs 293 crore in Series C

Paytm Mall to put $35 million in tech to strengthen logistics


HYDERABAD: Paytm Mall, which is run by Paytm Ecommerce, will invest $35 million in technology and infrastructure to strengthen its logistics network.

You can read more here: Paytm Mall to put $35 million in tech to strengthen logistics

Amazon, Flipkart ringing new bells to lift smartphone sales


NEW DELHI: Stagnation in the share of online segment in the smartphone retail market is making top ecommerce firms Flipkart and Amazon to work on new strategies, as they try to push sales of a category of products that brings the most revenue to them.

You can read more here: Amazon, Flipkart ringing new bells to lift smartphone sales

EasyGov gets funds from Rajan Anandan, Social Alpha, others


BENGALURU: EasyGov, a software as-a-service (SaaS) startup that provides cloud services to improve efficiency, transparency and effectiveness in delivery of government welfare schemes and services, has raised an undisclosed funding from an angel round led by Social Alpha, a Tata Trusts initiative, a

You can read more here: EasyGov gets funds from Rajan Anandan, Social Alpha, others

Uber in pact with Axis, HDFC Bank for UPI-based payments


MUMBAI: The worldwide cab hailing firm Uber has tied up with Axis Bank and HDFC Bank for UPI (Unified Payments Interface)-based payments. The announcement is expected in a couple of days.

You can read more here: Uber in pact with Axis, HDFC Bank for UPI-based payments

5 Ways to Use Wood to Create Warmth in Your Home


Wood adds a bit of natural warmth to a home, but knowing when and where to use it can be a challenge.

You can read more here: 5 Ways to Use Wood to Create Warmth in Your Home

Lift a 20-Ton Block


How to Make Sure You’re Not Buying a Money PitCentipede Sawhorse Video SpotlightSawStop Jobsite Saw Video SpotlightShadoe Track Hidden Deck Fasteners (Video)Video: Install Shadoe Track Hidden Deck FastenersNail Gun News for the DIY’er

You can read more here: Lift a 20-Ton Block

Standoff between Coal India, unions over salary hikes


KOLKATA: Coal India management has said it cannot afford the extent of salary hike its unions are asking because its fund position would not permit.

You can read more here: Standoff between Coal India, unions over salary hikes

Eight startups picked for IIMB Non-Profit Incubator


MUMBAI: The NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management (IIM) Bangalore has selected eight early-stage non-profits for an 18-month incubation programme.

You can read more here: Eight startups picked for IIMB Non-Profit Incubator

We got excellent support from Indian banks: Tony Fountain, Chairman, Essar Oil


In a chat with ET Now, Tony Fountain, Chairman, Essar Oil, talks about the Rosneft-Essar Oil deal. Edited excerpts: ET Now: Was it difficult to convince investors?

You can read more here: We got excellent support from Indian banks: Tony Fountain, Chairman, Essar Oil

Fino ties up with FIS for financial services technology


FIS will provide a fully integrated banking and payments platform through a completely outsourced delivery model.

You can read more here: Fino ties up with FIS for financial services technology

LoanAdda launches LoanSwift for analysis of non traditional credit data


MUMBAI: Fintech platform LoanAdda has launched LoanSwift which will enable it to analyze vast amounts of non-traditional credit data to increase loan approval rates and reduce the risk of credit decisions, particularly for millennials who are mostly accessing credit for the first time.

You can read more here: LoanAdda launches LoanSwift for analysis of non traditional credit data

ItzCash owner Ebix acquires YouFirst Money Express


BENGALURU: Ebix, which recently acquired a majority stake in Indian payment company ItzCash, has acquired YouFirst Money Express, a subsidiary of YouFirst Ventures Pvt. Ltd, promoted by former Citibanker and Reliance Capital executive Vikrant Gugnani.

You can read more here: ItzCash owner Ebix acquires YouFirst Money Express

Markets likely to remain volatile till mid-October: Sanjeev Zarbade


In a chat with ET Now, Sanjeev Zarbade, Vice President-PCG Research, Kotak Securities, gives his market outlook. Edited excerpts: ET Now: What sense are you getting from some of your HNI and PMS clients? Are you getting a sense that they are in a mood to book profit?

You can read more here: Markets likely to remain volatile till mid-October: Sanjeev Zarbade

FMCG Firms Target India’s Rural Markets, Metro Rail for New Cities Ahead of Elections – India Market Watch


In this week's Market Watch, we discuss leading FMCG firm Mondelez's business strategy in India in the wake of demonetization and GST, the termination of McDonald’s India subsidiary franchise agreement with Connaught Plaza Restaurants Pvt. Ltd, and the expansion of metro rail across multiple states.

The post FMCG Firms Target India’s Rural Markets, Metro Rail for New Cities Ahead of Elections – India Market Watch appeared first on India Briefing News.

Digital lending startup Capital Float raises Rs 293 crore in Series C


BENGALURU: Digital lending startup Capital Float has raised Rs 293 crore in its Series C round led by US-based fintech investor Ribbit Capital. Existing investors Sequoia Capital, SAIF Partners and Creation Investments also participated in the round.

You can read more here: Digital lending startup Capital Float raises Rs 293 crore in Series C

Narayana Murthy never doubted Vishal Sikka's performance: V Balakrishnan, former CFO, Infosys


In a chat with ET Now, V Balakrishnan, Former CFO, Infosys, talks about the turbulence in the IT bellwether. Edited excerpts: ET Now: There is news that the founders will participate in the buyback?

You can read more here: Narayana Murthy never doubted Vishal Sikka's performance: V Balakrishnan, former CFO, Infosys

Uber gets new Chief People Officer for India, South Asia


NEW DELHI: Uber, has appointed Vishpala Reddy as the Chief People Officer for India and South Asia. Prior to joining Uber, Reddy was vice president and the HR head for American Express in India. During her 12-year stint with American Express, she held diverse roles in HR.

You can read more here: Uber gets new Chief People Officer for India, South Asia

We are upbeat on these 2 themes: Lalit Nambiar, UTI Mutual Fund


It has been all about Infosys ever since Friday when the news came about that Vishal Sikka has called it quits.

You can read more here: We are upbeat on these 2 themes: Lalit Nambiar, UTI Mutual Fund

Tech feasibility issues hurt Volkswagen alliance plan: Guenter Butschek, Tata Motors


In a chat with ET Now, Guenter Butschek, CEO & MD, Tata Motors, talks about his company. Edited excerpts: ET Now: With the Volkswagen deal falling through, it must be a big setback at least in terms of pruning your cost structure.

You can read more here: Tech feasibility issues hurt Volkswagen alliance plan: Guenter Butschek, Tata Motors

Betting on 2 stocks for wealth creation: Gaurang Shah, Geojit Financial Services


Talking to ET Now, Gaurang Shah , Head Investment Strategist, Geojit Financial Services Ltd , says bullish on TCI and RBL Bank for making money. What is the first idea that you have for us?

You can read more here: Betting on 2 stocks for wealth creation: Gaurang Shah, Geojit Financial Services

Ryobi Garage Camera Review


Ryobi is a power tool manufacturer brand that is sold exclusively through The Home Depot. Their target market is the homeowner.  As far as I am concerned, Ryobi is the only brand that I feel a homeowner should invest in.

You can read more here: Ryobi Garage Camera Review

Flipkart's products now available to global customers


BENGALURU: Products on Flipkart will now be available to online shoppers in nearly 200 countries through the Indian ecommerce company's partnership with eBay. Flipkart has launched a global programme to allow its sellers to sell to customers globally in partnership with eBay.

You can read more here: Flipkart's products now available to global customers

Essar-Rosneft deal is a major milestone in oil and gas industry: RS Sharma, Former CMD, ONGC


In a chat with ET Now, RS Sharma, Former CMD, ONGC, talks about the Essar-Rosneft deal. Edited excerpts: ET Now: Rosneft has finally checked into Essar Oil. The deal has been complete and Rosneft will now be owning about 98% in Essar Oil. Your initial thoughts on this deal completion.

You can read more here: Essar-Rosneft deal is a major milestone in oil and gas industry: RS Sharma, Former CMD, ONGC

Big thrust on better quality FMCG cos: S Krishna Kumar, Sundaram MF


Talking to ET Now, S Krishna Kumar, Sundaram MF , says the kicker would come in the next 12-18 months in the FMCG space that is what the market is betting on. Everything in the market is priced to perfection.

You can read more here: Big thrust on better quality FMCG cos: S Krishna Kumar, Sundaram MF

Expect consumers to get used to fewer liquor outlets: Shekhar Ramamurthy, United Breweries


In a chat with ET Now, Shekhar Ramamurthy, MD, United Breweries, talks about his company's Q1 numbers. Edited excerpts: ET Now: The quarter gone by was in a sense an extraordinary quarter for you.

You can read more here: Expect consumers to get used to fewer liquor outlets: Shekhar Ramamurthy, United Breweries

Sikka's exit from Infosys unfortunate but not unexpected: Experts


A day after the dramatic departure of technocrat Vishal Sikka as Chief Executive of Infosys, industry experts on Saturday said while his exit was unfortunate, it was not unexpected as he became an unintended victim of the boardroom battles with the co-founders.

GST to enable brand licensing industry to grow in India


The implementation of GST will enable brand licensing industry to grow in India and also allow retail industry to start respecting intellectual property rights, an official said on Sunday.

Uber hikes Hong Kong fees amid legal troubles


HONG KONG: Uber Technologies Inc on Monday hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub.

You can read more here: Uber hikes Hong Kong fees amid legal troubles

Corporate profits downslide continues in Q1 of 2017-18 due to GST


Another quarterly results season has ended with lacklustre numbers from India Inc. The aggregate net profit of 2,418 companies fell 8.63% in the first quarter of 2017-18, compared to the same period last year.

You can read more here: Corporate profits downslide continues in Q1 of 2017-18 due to GST

Infosys is a complete avoid except for traders: Kunj Bansal, Centrum Wealth


A few sectors which are at the high are supporting the market and a few sectors despite market being high, are at significantly lower levels. That is where a lot of investment opportunities are coming in because one is not clear whether the market will continue to go up. At least I am not clear.

You can read more here: Infosys is a complete avoid except for traders: Kunj Bansal, Centrum Wealth

Sunday, 20 August 2017

Share corporate and common brand values with Mars Food: Ashok Vasudevan, Tasty Bite


In a chat with ET Now, Ashok Vasudevan, Chairman & CEO, Tasty Bite, talks about his company's plans after the Mars- Preferred Brands deal. Edited excerpts: ET Now: What prompted this ownership rejig and what was the initial trigger?

You can read more here: Share corporate and common brand values with Mars Food: Ashok Vasudevan, Tasty Bite

Expect margins to be back on track from Q2 onwards: Achal Bakeri


In a chat with ET Now, Achal Bakeri, promoter, Symphony, talks about GST's impact on his company's Q1 numbers. Edited excerpts: ET Now: Has GST hurt your Q1 numbers?

You can read more here: Expect margins to be back on track from Q2 onwards: Achal Bakeri

I am a great believer in India’s future: Howard Marks, Oaktree Capital Management


Talking to ET Now, Howard Marks, Co-Chairman, Oaktree Capital Management, says Iif you are buying a great thing at a modest price, it is wonderful. If you are buying a great thing at a eye-popping price, it may be a mistake.

You can read more here: I am a great believer in India’s future: Howard Marks, Oaktree Capital Management

Betting on these 3 spaces right now: Harendra Kumar, Elara Capital


Talking to ET Now, Harendra Kumar , MD-Institutional Equities, Elara Capital , says likes Vedanta in metals, the aviation pack as well as the gas and oil stocks like GAIL, Gujarat Petronet, or Gujarat Gas. What is your take on Infosys buyback? Will that act as a back support for the market?

You can read more here: Betting on these 3 spaces right now: Harendra Kumar, Elara Capital

Need instant personal loan? CASHe will scan your Facebook friends' list to decide if you are worthy


Name of the Company: CASHe Launch date: April 2016 Founding team: V Raman Kumar Location: Mumbai Funding Raised in 2017: $3.

You can read more here: Need instant personal loan? CASHe will scan your Facebook friends' list to decide if you are worthy

Aadhaar a big boost for financial services firms: Capital First


The Narendra Modi-led government is having substantial impact on startups, particularly with Aadhaar boosting growth for financial services companies, Capital First chairman V Vaidyanathan said in closing remarks at The Economic Times Startup Awards on Friday.

You can read more here: Aadhaar a big boost for financial services firms: Capital First

With Vishal Sikka's exit, all eyes on Infosys' Narayana Murthy at ET Startup Awards


BENGALURU: All eyes were on India's most-storied tech entrepreneur, Infosys co-founder NR Narayana Murthy, at The Economic Times Startup Awards. The day had been rocky with Infosys' first external chief executive, Vishal Sikka, quitting amid unceasing tensions with the `promoter' camp.

You can read more here: With Vishal Sikka's exit, all eyes on Infosys' Narayana Murthy at ET Startup Awards

Startups should adopt 10-20 villages for digital innovation: Ravi Shankar Prasad


Digital India is designed to bridge the digital divide between the digital haves and the have nots. Therefore, the govt always says that digital inclusion is very important.

You can read more here: Startups should adopt 10-20 villages for digital innovation: Ravi Shankar Prasad

ET Startup Awards: 'India to be digitally-rich before being economically wealthy'


As India's startup sector pads up for its next phase of growth, some of the country's top entrepreneurs and investors took the dais at The Economic Times Startup Awards to discuss a burning issue -`Growing Pains: Managing Culture, Scale and Returns.

You can read more here: ET Startup Awards: 'India to be digitally-rich before being economically wealthy'

It's prudent to book some profits: Krishna Memani, Oppenheimer Funds


Indian markets could see a bigger correction than other markets in case flows into emerging markets suffer due to lack of earnings growth support, said Krishna Memani, chief investment officer at OppenheimerFunds .

You can read more here: It's prudent to book some profits: Krishna Memani, Oppenheimer Funds

Country's top entrepreneurs praise government's steps to boost startup activity


BENGALURU: Values and perseverance, ambition and vision are attributes that entrepreneurs must possess in plenty, according to a galaxy of stalwarts who gathered to celebrate the spirit of enterprise at India's de facto startup summit in Bengaluru on Friday.

You can read more here: Country's top entrepreneurs praise government's steps to boost startup activity

Coal India seeks to limit wage outgo


KOLKATA: The Coal India is targeting to limit its financial outgo in the latest wage negotiations -- National Coal Wage Agreement X -- which led to inconclusive outcome at the three-day-long intense marathon meeting.

You can read more here: Coal India seeks to limit wage outgo

For this startup, GST is good business


Name of the Company: GSTSTAR Launch date: January 2016 Founding team: Shailesh Kumar Agrawal, Balaji GS Rao, Badrinarayan Sahoo and Chaithanya Mohana Anisetti Location: Bengaluru Funding raised in 2017: $1 million Overall funding raised since starting up: $1 million Strength of the company: 70

You can read more here: For this startup, GST is good business

Finished steel export surges 64 pc in Jul, import too picks up


NEW DELHI: Finished steel export jumped by 64.2 per cent to 0.770 million tonne (mt) in July compared to 0.469 mt in the same month last year, says a report. Import of finished steel also shot up by 42.2 per cent at 0.798 mt in July this year compared to 0.

You can read more here: Finished steel export surges 64 pc in Jul, import too picks up

Saturday, 19 August 2017

5 things founders should know about investors


MUMBAI: There is always a gap between what an investor thinks is fair — whether the terms of funding or valuation — and what a founder thinks he ought to get. Founders, especially first time entrepreneurs, can find negotiations with angel investors and early stage ventures challenging.

You can read more here: 5 things founders should know about investors

'We have no fancy titles like CEO or MD': Baskar Subramanian, co-founder, Amagi Media Labs


CHENNAI: Baskar Subramanian, K A Srinivasan and Srividhya Srinivasan worked together for three years at Texas Instruments soon after graduating in computer science.

You can read more here: 'We have no fancy titles like CEO or MD': Baskar Subramanian, co-founder, Amagi Media Labs

​L&T Chairman Anil Manibhai Naik: 75, not out


Anil Manibhai Naik, chairman of Larsen & Toubro, walks in for lunch and looks at his watch. It is 1.33 pm, and his next meeting is at 1.38 pm. “I will have to finish in 10 minutes,” he says, sitting down at the table nearest to the vegetarian spread laid out in a buffet.

You can read more here: ​L&T Chairman Anil Manibhai Naik: 75, not out

From Flipkart vs Amazon to MakeMyTrip vs Yatra, two-horse races in the online world


Nearly 16 hours or 740 km north of Delhi is the cold desert mountain valley of Spiti, nestled among the Trans-Himalayas. It is often cut off from the mainland by snow drifts from early October every year.

You can read more here: From Flipkart vs Amazon to MakeMyTrip vs Yatra, two-horse races in the online world

Government extends last date for filing and payment of GST by 5 days


NEW DELHI: The government has extended the last date for payment of Goods and Services Tax and filing of the simplified return — Form 3B for the month of July to August 25 as technical glitch hit the GSTN portal making filing difficult on the last day.

You can read more here: Government extends last date for filing and payment of GST by 5 days

Confusion among traders as GST filing site stops functioning


NEW DELHI: Traders across the country faced problems on Saturday as the Goods and Services Tax (GST) filing website stopped functioning for some time, a day ahead of the last date for filing GST returns. "The GST site has been working intermittently since 12 noon.

You can read more here: Confusion among traders as GST filing site stops functioning

Kunal Bothra's 2 trading picks for Monday


Talking to ET Now, Kunal Bothra, Independent Market Analyst, says bullish on Bharat Finance and SAIL for Monday trading. ET Now: It has been a choppy volatile ride. We have had patches of consolidation. Markets have reacted to global weakness as well in the week gone by.

You can read more here: Kunal Bothra's 2 trading picks for Monday

We have moved Infosys from our top pick to number four: Ravi Menon, Elara Capital


Talking to ET Now, Ravi Menon, Elara Capital, says he is looking at Sikka's exit as being disastrous for Infosys and thinks he had done a fantastic job. With him, Infosys has lost a product visionary.

You can read more here: We have moved Infosys from our top pick to number four: Ravi Menon, Elara Capital

Infosys buyback offer not exciting enough to change market sentiment: Deven Choksey


Talking to ET Now, Deven Choksey, MD, KR Choksey Investment Managers, says the Infosys stock price is likely to stay in range and investors will wait for a board restructuring or the selection of a proven CEO.

You can read more here: Infosys buyback offer not exciting enough to change market sentiment: Deven Choksey

Lack of corporate governance is sure path to destruction for cos: NR Narayana Murthy


Talking to ET Now at the sidelines of the ET Startup Awards, NR Narayana Murthy, Co-Founder, Infosys, says that if we lose transparency, if we lose fairness, if we lose accountability, that is the absolutely sure path to quick destruction.

You can read more here: Lack of corporate governance is sure path to destruction for cos: NR Narayana Murthy

Can Complan com-back?


In the nicest sense of the term, Vikramjeet Singh, CMO, KraftHeinz is a marketing nerd.

You can read more here: Can Complan com-back?

'I'll be replaced as the face of Trivago if the ads don't work'


People generally put a face to a name. On March 22, 2017, Brand Equity put a name to a face, and gave direction to a lot of people’s angst. This was the face of Trivago India’s TV commercials. The face that has received more brickbats than Ram Gopal Varma Ki Aag can manage in six lifetimes.

You can read more here: 'I'll be replaced as the face of Trivago if the ads don't work'

Catch the rabbit: Prepare your business for AI


Isaac Asimov, the founding father of literature on artificial intelligence and robotics, one of my favourite authors said, "The first step in making rabbit stew is catching the rabbit". You may go on and ask what is the connection between rabbit and AI.

You can read more here: Catch the rabbit: Prepare your business for AI



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Buyback to give opportunity to exit Infosys stocks: Dipan Mehta, BSE & NSE


Talking to ET Now, Dipan Mehta, Member, BSE & NSE, says latest developments have made Infosys that much more unattractive compared to other IT companies. ET Now: As a market expert, what do you make of the latest saga at Infosys. What does it mean for people who hold shares in Infosys today?

You can read more here: Buyback to give opportunity to exit Infosys stocks: Dipan Mehta, BSE & NSE

Japanese Garden Bench

Combine five 2x4s, a handful of screws and a long afternoon to build a handsome and sturdy sitting spot for your deck or garden. My father ...