MobiKwik glitch: Cops track those who transferred funds

GURUGRAM: A day after city-based digital wallet firm MobiKwik lost over Rs 19 crore owing to a technical glitch apparently in its own online payment system, the cyber crime unit, which is probing the case, has started raiding locations of people who have been deemed as offenders.

You can read more here: MobiKwik glitch: Cops track those who transferred funds

PNC Infra bags Rs 2,159 crore highway contract in Uttar Pradesh

NEW DELHI: PNC Infratech today said it has bagged Rs 2,159 crore contract for six-laning a highway stretch in Uttar Pradesh. The price bids were opened yesterday with PNC's bid being the lowest (L1), the company said in a BSE filing.

You can read more here: PNC Infra bags Rs 2,159 crore highway contract in Uttar Pradesh

Small reliefs are welcome Vajpayee style long-term decisions are needed: Rajan Mathews, DG, COAI

Talking to ET Now, Rajan Mathews, DG, COAI, says systematic financial issues of the industry need to be addressed as otherwise the government also continues to lose money. Edited excerpts:

You can read more here: Small reliefs are welcome Vajpayee style long-term decisions are needed: Rajan Mathews, DG, COAI

Can Cleartrip fight discounts with experience?

Can Cleartrip fight discounts with experience? Sandeep Murthy’s role as an investor is dual: placing calculated bets on potential winners and trying to ensure investee companies stay focused.

You can read more here: Can Cleartrip fight discounts with experience?

This startup gives disabled travellers in India a shot at dream vacations

Shravan Kumar from the Ramayana perhaps counts as an early precursor to Enable Travel: a devoted son who physically carried his blind, aged parents to pilgrimage spots. However, in Kalyug, where even the most caring child is typically time-strapped, such options are seldom on the cards.

You can read more here: This startup gives disabled travellers in India a shot at dream vacations

Why has MakeMyTrip turned all young and hungry?

An object at rest, states Newton’s first law of motion, stays at rest unless acted upon by an unbalanced force. The law, assert experts, helps understand inertia. Saujanya Srivastava too is doing his bit to understand inertia, though of a different sort.

You can read more here: Why has MakeMyTrip turned all young and hungry?

Most bizmen may be allowed to file GST returns quarterly

The government is looking to allow quarterly filing of goods and services tax (GST) returns by a vast majority of businesses, instead of monthly , as it seeks to ease the compliance burden on them and also unclog the system that has been facing glitches due to overload Sources told TOI that the move

You can read more here: Most bizmen may be allowed to file GST returns quarterly

Reduce long positions, be a seller at each high:Shrikant Chouhan, Kotak Securities

Shrikant Chouhan, Senior Vice President, Technical Research, Kotak Securities, says markets are not going to perform from these levels and there could be one more selloff in the next few days of time. Edited excerpts:

You can read more here: Reduce long positions, be a seller at each high:Shrikant Chouhan, Kotak Securities

Market is clutching at straws and giving excess multiples to niche businesses: Sanjiv Bhasin, IIFL

Talking to ET Now, Sanjiv Bhasin, EVP-Markets & Corp Affairs, IIFL, says among all car stocks, Tata Motors could actually be a dark horse given that it sells four times that of Ashok Leyland and there is a lot of traction on the CV side and in their new launch on the four wheeler on the passenger ve

You can read more here: Market is clutching at straws and giving excess multiples to niche businesses: Sanjiv Bhasin, IIFL

SoftBank plots seals to build $300 billion asset-management arm

SoftBank Group Corp. founder Masayoshi Son has made a name for himself building a telecommunications and technology empire. He’s now planning an expansion in asset management.

You can read more here: SoftBank plots seals to build $300 billion asset-management arm

Tug of war: Uber-Softbank deal has many conflicting objectives

If the Uber-SoftBank deal gets done, it may be one for the record books. With $10 billion changing hands, it could be the largest private stock sale ever. The people involved might remember it for a different reason, however: as the most contentious deal they've ever done.

You can read more here: Tug of war: Uber-Softbank deal has many conflicting objectives

GST: Small exporters exempt from giving bank guarantee

In a major relief to small exporters, the government has exempted them from furnishing bank guarantee for shipping goods and services.

You can read more here: GST: Small exporters exempt from giving bank guarantee

Deadline for selling pre-GST goods extended to December 31

NEW DELHI: Traders can now sell their unsold pre-GST stock with their revised MRP post the implementation of GST along with their old MRPs till December 31 this year, the department of consumer affairs has said.

You can read more here: Deadline for selling pre-GST goods extended to December 31

Uber's Kalanick says he appoints former Xerox, Merrill bosses to board

SAN FRANCISCO: Uber Technologies Inc co-founder Travis Kalanick on Friday said he had appointed two new board members, challenging Uber shareholders who have asked a court to stop the former chief executive from naming directors.

You can read more here: Uber's Kalanick says he appoints former Xerox, Merrill bosses to board

Uber CEO to visit UK after licence loss

SAN FRANCISCO: Uber Technologies chief executive officer Dara Khosrowshahi is flying into London next week for a diplomatic mission with city regulators in hopes of negotiating a deal that prevents the ride-hailing service from being banned in Europe's largest city.

You can read more here: Uber CEO to visit UK after licence loss

Ikea buys TaskRabbit; says you don't have to assemble furniture yourself

SAN FRANCISCO - TaskRabbit, the online on-demand services platform that lets users hire people to help them move, clean up, or assemble furniture, has been purchased by Ikea.

You can read more here: Ikea buys TaskRabbit; says you don't have to assemble furniture yourself

Coal India mulls entering minerals mining

NEW DELHI: World's largest coal miner Coal India is considering a proposal to diversify into mining of minerals like bauxite and iron ore as the company seeks to reduce dependence on mining of the dry fuel, an official said.

You can read more here: Coal India mulls entering minerals mining

How Do Mix Dyes to Create Inlays?

In your December 2016 issue, there is an article about mixing dyes with two-part epoxy to create inlays. It does not specify either water-based or solvent-based. Which should I use?

You can read more here: How Do Mix Dyes to Create Inlays?

Tata Steel-Thyssenkrupp deal a 'step in right direction': Fitch

NEW DELHI: Terming Tata Steel-Thyssenkrupp deal as a 'step in right direction', rating agency Fitch today said the pact will not only reduce the Indian firms's earnings volatility, but also improve its overall business profile. "Tata Steel's MoU for thyssenkrupp JV is step in right direction.

You can read more here: Tata Steel-Thyssenkrupp deal a 'step in right direction': Fitch

Shopping Festivals in India – A Key Promotional Tool for Retailers

The festive season presents a great opportunity for businesses to tap into India’s growing consumer market. In this article, we provide an overview of India’s popular festivals and their significance for businesses.

The post Shopping Festivals in India – A Key Promotional Tool for Retailers appeared first on India Briefing News.

The Lumber Rule

In addition to my truck and a pile of cash, there’s always one other thing I take to the lumberyard or mill – a lumber rule. Also known as a grading stick, a lumber rule is a simple tool that instantly shows how many board feet are in a piece of rough lumber.

You can read more here: The Lumber Rule

Follow bottoms up approach in 3 sectors: Mayuresh Joshi, Angel Broking

Buy selectively in banking and NBFC space, auro and ceramic space, says Mayuresh Joshi , Fund Manager, Angel Broking , talking to ET Now. The correction offers opportunity for long-term investors over the medium to long term.

You can read more here: Follow bottoms up approach in 3 sectors: Mayuresh Joshi, Angel Broking

Tata Steel-Thyssenkrupp deal will reduce exposure to structurally weaker business: Fitch

MUMBAI: Tata Steel's recently signed memorandum of understanding (MoU) with Thyssenkrupp AG to create a 50:50 JV in Europe will help the Indian steel major reduce exposure to a structurally weaker business, Fitch Ratings said.

You can read more here: Tata Steel-Thyssenkrupp deal will reduce exposure to structurally weaker business: Fitch

Win a Milwaukee High Torque Impact Wrench

How would you like to win a 1/2″ Milwaukee High Torque Impact Wrench?  Sure who wouldn’t want to win this awesome tool?  In case you aren’t familiar with the tool check out our review of the Milwaukee High Torque Impact Wrench.

You can read more here: Win a Milwaukee High Torque Impact Wrench

We are looking at a potential slippage of 30 bps in fiscal deficit from 3.2% to 3.5%: Shubhada Rao, Yes Bank

Consumption still remains relatively unimpaired I would say, some rural consumption in consumer durables is not seriously impaired. The automotive sector is doing well. Within the banking sector, personal credit is doing well. So consumption has been ticking but the robustness is yet to pick up.

You can read more here: We are looking at a potential slippage of 30 bps in fiscal deficit from 3.2% to 3.5%: Shubhada Rao, Yes Bank

Unitech independent director Ghanshyam Roopchand Ambwani quits

New Delhi, Sep 29 () Realty firm Unitech today said its independent director Ghanshyam Roopchand Ambwani has resigned due to old age and health concerns.

You can read more here: Unitech independent director Ghanshyam Roopchand Ambwani quits

Uber CEO Dara Khosrowshahi to travel to London to discuss ban

LONDON: London's transport authority says its commissioner will meet with the chief executive of Uber next week. The meeting with Uber CEO Dara Khosrowshahi comes after transit authorities decided to strip the ride-hailing service of its license to operate in the city.

You can read more here: Uber CEO Dara Khosrowshahi to travel to London to discuss ban

India’s consumption trajectory is very unique: Arvind K Singhal, Technopak Advisors

Taking to ET Now, Arvind K Singhal , CMD, Technopak Advisors , says in India, there is enough headroom available for every brand and every kind of retailer as India is grossly underretailed.

You can read more here: India’s consumption trajectory is very unique: Arvind K Singhal, Technopak Advisors

Pesticide producers have offered to voluntarily reduce prices: Rajju Shroff, UPL

Talking to ET Now, Rajju Shroff , Chairman, UPL, said company going modern with newer technologies where there is minimum use of pesticides and maximum efficacy is offered. A big congratulations. UPL is now part of the Nifty, a first for an agrochemical company and a stamp from the markets.

You can read more here: Pesticide producers have offered to voluntarily reduce prices: Rajju Shroff, UPL

Expectations from market as well as economy getting more realistic: Anand Shah, BNP Paribas MF

Taking to ET Now, Anand Shah, BNP Paribas MF , says both on the fundamental and technical side, this was a much required correction for a sustained upmove. Is the decline already done with or is there a fair chance that we could test levels lower than 9700?

You can read more here: Expectations from market as well as economy getting more realistic: Anand Shah, BNP Paribas MF

Some short-term hiccups due to long-term beneficial moves: Sunil Garg, JP Morgan

With Indian corporate earnings sluggish and European dividend yields high, there is little incentive to buy Indian stocks, says Sunil Garg , head of international equity research, at JP Morgan .

You can read more here: Some short-term hiccups due to long-term beneficial moves: Sunil Garg, JP Morgan

PROJECT: Making Live-Edge Floating Shelves

We’ll sow to make make floating shelves using live edge lumber, including tips for how to prepare the live edge lumber, smoothing the faces, and removing the bark without changing the natural contours of the edge.

You can read more here: PROJECT: Making Live-Edge Floating Shelves

Uber-SoftBank deal ensures limits on Kalanick’s power

SoftBank Group has overcome a major obstacle to its planned multi billion-dollar investment in Uber Technologies.

You can read more here: Uber-SoftBank deal ensures limits on Kalanick’s power

Now there's a marketplace to trade unused industrial capacity

NEW DELHI: No factory owner wants idle industrial capacity — it's a drain on costly capital investment — and a Pune-based startup appears to have found a solution to this problem along with a scalable business model. For the past few months, Shareconomy.

You can read more here: Now there's a marketplace to trade unused industrial capacity

Young e-commerce furniture startup relocates with grant

HILLSBOROUGH, N.C. - Cardinal Workshop, an e-commerce furniture startup led by recent University of North Carolina graduates, is relocating its headquarters after receiving a small business grant.

You can read more here: Young e-commerce furniture startup relocates with grant

Startups are still hot with employees: TimesJobs study

Startups are still hot with employees, despite testing times. Compared with the last two years where over 60% young professionals preferred starting their career with large organisations, 55% of them in 2017 opt to work for startups, according to a TimesJobs study.

You can read more here: Startups are still hot with employees: TimesJobs study

How India's two largest angel investor groups are fine tuning their funding strategies

For India's growing startup ecosystem, while on one hand there is a lot of untapped money sloshing around to find its place, on the other hand the number of investment opportunities in high-quality entrepreneurs has dramatically increased the last few years.

You can read more here: How India's two largest angel investor groups are fine tuning their funding strategies

Cement demand growth expected to be around 3.5%-4% during FY18: ICRA

MUMBAI: Cement demand growth is expected to be around 3.5%-4% during the current financial year, a downward revision against the earlier estimate of 5% as there has been a delay in the revival of cement demand during the first half of FY2018, ICRA said.

You can read more here: Cement demand growth expected to be around 3.5%-4% during FY18: ICRA

GST tax portal to handle 3 lakh users per second from next month: Government

The government on Thursday said the GSTN network would be scaled up to handle more than double the current load within a month and cater to about three lakh users per second from the current capacity of about 1.2 lakh.

You can read more here: GST tax portal to handle 3 lakh users per second from next month: Government

Bullish on these two sectors: Mahantesh Sabarad, SBI Cap Securities

Talking to ET Now, Mahantesh Sabarad, Head-Retail Research, SBI Cap Securities, says betting on PSU banks and consumer discretionary spaces. Would you give a bull call on ONGC primarily on account of the crude trade?

You can read more here: Bullish on these two sectors: Mahantesh Sabarad, SBI Cap Securities

FCRA Compliance in India: How 24,000 NGOs Lost Their License

In September this year, the Indian government cancelled licenses for 4,800 NGOs in India. Here we discuss the fall out of the stringent implementation of reporting and auditing rules for NGOs that receive foreign funding by the Modi administration.

The post FCRA Compliance in India: How 24,000 NGOs Lost Their License appeared first on India Briefing News.

The India story has not changed: Lalit Nambiar, UTI Mutual Fund

Talking to ET Now, Lalit Nambiar, UTI Mutual Fund , says the bigger picture that needs to be maintained on the macro front is whether the India story has dramatically changed.

You can read more here: The India story has not changed: Lalit Nambiar, UTI Mutual Fund

From an audio medium, we are transforming into an audio-video medium: Prashant Panday, ENIL

Talking to ET Now, Prashant Panday , MD & CEO, ENIL , says Radio broadcasters who stick to audio will have a problem in the digital world. But radio broadcasters who leverage the talent to create video content should actually do well.

You can read more here: From an audio medium, we are transforming into an audio-video medium: Prashant Panday, ENIL

Hilti TE 6-A36 4th Generation 36V Rotary Hammer

When it comes to concrete, Hilti is one of the top dogs.  While Hilti offers a wide range of tools and products, their bread and butter is the stop solution for concrete.

You can read more here: Hilti TE 6-A36 4th Generation 36V Rotary Hammer

ShopClues legal tussle: Delhi High Court passes 'No coercive action order'

MUMBAI/NEW DELHI: Two days after Sandeep Aggarwal, founder of ecommerce major ShopClues, filed an an FIR against the existing cofounders, including his estranged wife and chief business officer Radhika Ghai Aggarwal and CEO Sanjay Sethi, the Delhi High Court has passed an order forbidding any coerci

You can read more here: ShopClues legal tussle: Delhi High Court passes 'No coercive action order'

Expecting 10-year yields to hover at 6.50-6.75: Pankaj Sharma, DSP BlackRock

I just wanted to understand about FII flows as far as debt markets are concerned. In the last three years, one would say earnings have not come, flows have been decent, rates have continuously gone down and still the flows have been decently strong in equities as well as debt markets.

You can read more here: Expecting 10-year yields to hover at 6.50-6.75: Pankaj Sharma, DSP BlackRock

How to survive a perfect storm in pharma sector: Ravi Dharamshi, ValueQuest

For viewers who are willing to put in their time to research, what could be a good pharma bet? Lupin.

You can read more here: How to survive a perfect storm in pharma sector: Ravi Dharamshi, ValueQuest

Not bothered about caps, we go where opportunity is: Raunak Onkar, PPFAS Mutual Fund

That was a capital intensive business unlike this one. The whole idea behind Google and Facebook if they are regulated is what are you going to add? You are going to add up a lot of barrier for somebody else to come in because they have to comply with the same regulations as they have.

You can read more here: Not bothered about caps, we go where opportunity is: Raunak Onkar, PPFAS Mutual Fund

Fluor to Service $1.87 Billion in Projects Set to Begin Construction in Fourth Quarter

SUGAR LAND--September 22, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) firm Fluor Corporation (NYSE:FLR) (Irving, Texas) is involved in $1.

You can read more here: Fluor to Service $1.87 Billion in Projects Set to Begin Construction in Fourth Quarter

Expect 15% growth this festival season against 25% last year: B Thiagarajan, Blue Star

Talking to ET Now, B Thiagarajan , ED, Blue Star , says it is not a bad year but it could have been better if not for the GST related glitches and commodity prices.

You can read more here: Expect 15% growth this festival season against 25% last year: B Thiagarajan, Blue Star

Black & Veatch Plays Role in $5.4 Billion in Fourth-Quarter Project Kickoffs, Completions

SUGAR LAND--September 26, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Black & Veatch (B&V) (Overland Park, Kansas) is performing design work and engineering, procurement and construction (EPC) services on about $1.

You can read more here: Black & Veatch Plays Role in $5.4 Billion in Fourth-Quarter Project Kickoffs, Completions

Amazon bets big on machines, artificial intelligence to push market share in India

BENGALURU: Online giant Amazon, which has invested over Rs 13,800 crore in India, is relying heavily on machine learning and artificial intelligence (AI) to goose up market share in the country.

You can read more here: Amazon bets big on machines, artificial intelligence to push market share in India

PROJECT: Standing Laptop Desk

The perfect height for laptop users on the run, this unique standing desk serves as a fitting frame for a classically dovetailed drawer.

You can read more here: PROJECT: Standing Laptop Desk

E-commerce startsups launch a lobby group Indiatech.org

BENGALURU: India's most valued Internet companies — Flipkart and Ola — are grouping together with peers including travel portal MakeMyTrip to launch an industry body that will represent the interests of local ventures and aim to create a moat against deep-pocketed global rivals, in one of the wo

You can read more here: E-commerce startsups launch a lobby group Indiatech.org

Virtual manufacturing & zero inventory furniture firm gets $1.5 million investment

NEW YORK - The Inside, a direct-to-consumer home decor brand has received a $1.5 million investment from Forerunner Ventures, a commerce and retail venture capital fund.

You can read more here: Virtual manufacturing & zero inventory furniture firm gets $1.5 million investment

AirAsia, Zoomcar partner for rental car service

MUMBAI: Malaysian budget carrier AirAsia today said it has teamed up with self-drive car rental company Zoomcar to provide mobility solutions to its customers to and from airports. The facility will be available to all group airlines including AirAsiaIndia.

You can read more here: AirAsia, Zoomcar partner for rental car service

Amazon India launches 'Amazon Business' for SMBs

NEW DELHI: E-commerce major Amazon India today launched a new marketplace -- Amazon Business -- to cater to the requirements of the small and medium businesses (SMBs) in the country.

You can read more here: Amazon India launches 'Amazon Business' for SMBs

Government to work with startups on tech support for agri schemes

NEW DELHI: The government today decided to work in tandem with agri startups for technologies required for efficient implementation of its flagship programmes like soil health card, irrigation and crop insurance, among others.

You can read more here: Government to work with startups on tech support for agri schemes

Raamdeo Agrawal is bullish on these 2 sectors, here's why

Talking to Supriya Shrinate of ET Now, Raamdeo Agrawal , MD & Co-Founder, MOFSL says affordable housing and private banks remain long-term bets. Is it time for the big ticket investment to start breaking ground?

You can read more here: Raamdeo Agrawal is bullish on these 2 sectors, here's why

You can read more here:

'Telecom industry to generate $38.25 bn by 2017'

With exponential data consumption, the telecom industry is expected to generate revenue of USD 38.25 billion by 2017-end, registering a compounded annual growth rate of 5.2 percent between 2014 and 2017, Communications Minister Manoj Sinha said on Wednesday.

Economy seems to have bottomed out in July 2017, expect upturn now: Rajiv Kumar, NITI Aayog

I believe strongly that the revenue deficit target should be met and if possible even be improved upon by measures like direct benefit transfers, cutting out leakages in subsidy payments, by doing the JAM trinity etc, says Rajiv Kumar , Vice Chairman, NITI Aayog , talking to ET Now.

You can read more here: Economy seems to have bottomed out in July 2017, expect upturn now: Rajiv Kumar, NITI Aayog

Milwaukee Vehicle Charger

Milwaukee has been growing their market share by leaps and bounds over the last 10 years.  Ask any contractor if they have a cordless Milwaukee tool and I am sure the answer will be yes.  While battery technology has advanced, we are still far away from having a battery that lasts forever.

You can read more here: Milwaukee Vehicle Charger

ICICI Lombard got listed price to book of about 7.7 on June book: Debasish Purohit, BofA ML

Could you also just give us a perspective on general insurance? What is the penetration level here, what is it globally or what is in markets which have already seen such high growth in this sector?

You can read more here: ICICI Lombard got listed price to book of about 7.7 on June book: Debasish Purohit, BofA ML

Zoomcar, AirAsia India tie up to go the extra mile

BENGALURU: Zoomcar and AirAsia India today announced its partnership whereby special offers will be provided to the airliner's customers. With this arrangement, they will be able to book a Zoomcar for local and inter-city travel on its website.

You can read more here: Zoomcar, AirAsia India tie up to go the extra mile

We are building this franchise for the next 100 years: Bhargav Dasgupta, ICICI Lombard

Talking to ET Now, Bhargav Dasgupta , MD & CEO, ICICI Lombard, says if there is an inorganic opportunity that we find valuable, we might look at that and if for that we need capital that is a different story altogether. The ICICI Lombard got listed on the stock markets today.

You can read more here: We are building this franchise for the next 100 years: Bhargav Dasgupta, ICICI Lombard

Fairly confident 80% of REC book may never see NPAs: PV Ramesh

The power sector overall, across the power spectrum and number of areas, one is of course is the generation. The government has a strong commitment to push towards 175 additional gigawatts of green power. That is a massive investment and it is on track.

You can read more here: Fairly confident 80% of REC book may never see NPAs: PV Ramesh

India will lead fourth industrial revolution: Mukesh Ambani

India will lead the fourth industrial revolution with the telecom and IT industry coming together to lay the foundation of empowering 1.3 billion Indians, Reliance Industries Chairman Mukesh Ambani said here on Wednesday.

Bhilai Steel Plant appoints MDO to develop Rowghat mines

KOLKATA: Bhilai Steel Plant of the Steel Authority of India Ltd (SAIL) has signed an agreement for engagement of a Mines Developer and Operator (MDO) for development and operation of its 14 million tonne per annum (mtpa) iron ore mines at Rowghat in Chhattisgarh.

You can read more here: Bhilai Steel Plant appoints MDO to develop Rowghat mines

BHEL's Trichy Ancillary Units seek rehabilitation package from lenders

CHENNAI: Engineering ancillary units around the Bharat Heavy Electricals factory in Trichy -beset by mounting losses and debt -are seeking a rehabilitation package from lenders that will allow them to bid for their share of orders from the public sector unit that is seeing a steady rise in business

You can read more here: BHEL's Trichy Ancillary Units seek rehabilitation package from lenders

6 best MFs suited for conservative investors: Dhirendra Kumar

Balanced funds have a great advantage.

You can read more here: 6 best MFs suited for conservative investors: Dhirendra Kumar

Registering your Indian Employment Visa

After obtaining an Indian visa, registering the visa at an FRRO is often an afterthought for expatriates. Unfortunately, failing to register a visa within the specified time period can result in a fine, and in some cases, an investigation.

The post Registering your Indian Employment Visa appeared first on India Briefing News.

Transerve Technologies raises $1.6 mn from IL&FS and Omidyar Network

PUNE: Transerve Technologies, a company that offers geospatial technology-based SaaS solutions for urban planning, has raised USD 1.6 million from IL&FS Investment Managers and Omidyar Network in a Series A round of funding.

You can read more here: Transerve Technologies raises $1.6 mn from IL&FS and Omidyar Network

Our strategy is to file 8-10 ANDAs per year: Laurus Labs founder

Talking to ET Now, Satyanarayana Chava , Founder & CEO, Laurus Labs , says the major drivers for growth in the next two years will be formulations, launched as and when ANDAs get approved and the second ramp from our custom synthesis business.

You can read more here: Our strategy is to file 8-10 ANDAs per year: Laurus Labs founder

Coal India’s INTUC unit declares 3-day strike

The Indian National Trade Union Congress (INTUC) unit at Coal India has declared a 3-day strike from Oct 6 to seek more favourable terms from the management over employment of family members of accident victims, gratuity and pension amounts, overtime and a 25% salary hike.

You can read more here: Coal India’s INTUC unit declares 3-day strike

Another quarter per cent cut in interest rate likely from RBI: BofA-ML India MD Jayesh Mehta

Both the rupee and bond yields have been at their volatile best in several quarters due to fears over growth and fiscal position. Jayesh Mehta, MD & country treasurer of Bank of America-Merrill Lynch India and a three-decade-old market veteran, shares his views in a discussion with ET journalists.

You can read more here: Another quarter per cent cut in interest rate likely from RBI: BofA-ML India MD Jayesh Mehta

Paytm Mall looks to raise Rs 4,000 crore

BENGALURU: Paytm Mall has initiated discussions to raise a fresh round of Rs 3,000-4,000 crore ($460-610 million), said two people aware of the development.

You can read more here: Paytm Mall looks to raise Rs 4,000 crore

HomeShop18 set to acquire Shop CJ; Providence to exit

MUMBAI: HomeShop18, part of Network18 Media & Investments, is set to acquire 74% stake in Shop CJ Network — an equal joint venture between private equity investor Providence Equity Partners and Korean firm CJ O Shopping. ET was first to report on June 23 that the two parties are in talks.

You can read more here: HomeShop18 set to acquire Shop CJ; Providence to exit

How to Cut Half-Lap Joints

Learn how to cut the half-lap joints that were used to make the dog dish holder project in the September/October 2017 issue of Woodworker’s Journal.

You can read more here: How to Cut Half-Lap Joints

Watson Furniture provides transparency in its product materials

POULSBO, Wash. – Watson Furniture is a manufacturer of office and contract furniture, including tables, desks, storage products, markerboards, dividers and furniture collections

You can read more here: Watson Furniture provides transparency in its product materials

How Do You Draw?

As an old dog, I have been resisting some new tricks lately. One of them is learning to use SketchUp, the free 3D drawing system from Google. I have downloaded the files — twice. I have opened the program a couple of times in the last few years and played with it.

You can read more here: How Do You Draw?

Tasmanian Oak and Redgum Sideboard

My wife decided we need a sideboard in the dining room so I got to building this one. The light timber is called Tasmanian Oak, actually a Eucalypt species (E. regnans) and the top is Redgum, another Eucalypt species (E. camaldulensis). Eucalypt hardwoods are very common in Australian timber yards.

You can read more here: Tasmanian Oak and Redgum Sideboard

Making Wood Filler with Coffee Grounds

If you need a wood filler for darker woods like walnut, give your morning coffee grounds a try. First, dry them thoroughly. Then pack them into the crack, knothole or nail hole you want to fill. Soak the coffee with thin-formula cyanoacrylate glue, and spritz it with accelerator to lock it in place.

You can read more here: Making Wood Filler with Coffee Grounds

Ganging Clamping Cauls on Stands

When building large casework like entertainment centers, I install both cauls and clamps across the carcass to distribute clamping pressure evenly along my dado joints. But, all those cauls and clamps can be difficult to juggle with two hands when you work alone.

You can read more here: Ganging Clamping Cauls on Stands

5 Different Ways to Redo the Exterior of Your House

Your home exterior renovation has the potential to check off two boxes simultaneously. The first is increased functionality, thanks to protective layer updates. The second is added appeal, especially if distinctive architectural features highlight your choice of materials.

You can read more here: 5 Different Ways to Redo the Exterior of Your House

Lenskart invests $1 million in US start-up Ditto

NEW DELHI: Online eyewear firm Lenskart today said it has invested USD 1 million in Ditto to pick up a minority stake in the US-based start-up. Lenskart already uses Ditto's 3D try-on services on its website and app.

You can read more here: Lenskart invests $1 million in US start-up Ditto

FIR lodged against co-founders of Shopclues in alleged fraud

NEW DELHI: An FIR has been filed against two co-founders of online shopping firm 'Shopclues' on a complaint lodged by its founder Sandeep Aggarwal, who alleged in a city court that he has been cheated by them.

You can read more here: FIR lodged against co-founders of Shopclues in alleged fraud

WorkTunes™ Wireless Hearing Protector with Bluetooth®

New from 3M™, the WorkTunes™ Connect Wireless Hearing Protector with Bluetooth® Technology allows you to stream the entertainment of your choice from your smartphone or other mobile device, while providing protection from noisy environments.

You can read more here: WorkTunes™ Wireless Hearing Protector with Bluetooth®

What Constitutes a Good Workbench?

There was no doubt that Rob’s inquiry last week about the types of workbenches you use would get lively response — and you did not disappoint! Many love the workbenches they currently have. – Editor

You can read more here: What Constitutes a Good Workbench?

Laguna Acquires SuperMax Tools

Last week on Sept. 18, SuperMax Tools — a manufacturer of drum sanders and dust collection solutions — announced that it has been acquired by Irvine, California-based Laguna Tools. Laguna manufactures CNC machinery, award-winning bandsaws, table saws, edgebanders and other woodworking equipment.

You can read more here: Laguna Acquires SuperMax Tools

Smooth, Shiny Finish for Cedar?

I am trying to find the secret to getting a highly smooth, highly shiny finish on a cedar fence post that I have turned on a lathe. Please see the photo, below, for the kind of finish I want to achieve on my workpiece. Got any ideas? I cannot find an answer to this anywhere on the Internet.

You can read more here: Smooth, Shiny Finish for Cedar?

ArcelorMittal's focus on other assets may hit $1 billion Indian JV

NEW DELHI: ArcelorMittal's interest in buying debt-ridden Indian steel companies could derail its planned $1 billion joint venture with Steel Authority of India Ltd (), a steel ministry report showed.

You can read more here: ArcelorMittal's focus on other assets may hit $1 billion Indian JV

Walmart launches 2nd edition of women empowerment programme

NEW DELHI: Walmart India launched the second edition of Women Entrepreneurial Development Program (WEDP) as part of its women empowerment initiatives here.

You can read more here: Walmart launches 2nd edition of women empowerment programme

We are 12-18 months away from earnings cycle regrowth: Prasanth Prabhakaran, Yes Securities

Talking about ET Now, Prasanth Prabhakaran , Sr President & CEO, Yes Securities , says it is time to consolidate and he would prefer a move on the downside and then consolidation for a longer period of time where we catch up with the fundamentals rather than keep on having premium valuations without

You can read more here: We are 12-18 months away from earnings cycle regrowth: Prasanth Prabhakaran, Yes Securities

On rise or decline, Avenue Supermart a long-term investment bet: Yogesh Mehta, Motilal Oswal Securities

Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities , says valuation wise, Avenue Supermart is extremely expensive right now with their projection of Rs 79.5 EPS for FY19 or may be a 20% growth for FY20. One leader in today’s market has been Avenue Supermart.

You can read more here: On rise or decline, Avenue Supermart a long-term investment bet: Yogesh Mehta, Motilal Oswal Securities

Flipkart acquires mobile and repair services company F1 Info Solutions

BENGALURU: Homegrown online retailer Flipkart has acquired mobiles and IT repair services company F1 Info Solutions, said the company on Tuesday.

You can read more here: Flipkart acquires mobile and repair services company F1 Info Solutions

Rupee could depreciate another 50 to 70 paise: Arvind Narayanan, DBS Bank

Talking to ET Now, Arvind Narayanan, DBS Bank , says if funds flows keep coming in and if US rates do not go up as fast as people expect, that would ensure that rupee investments would look a lot more attractive.

You can read more here: Rupee could depreciate another 50 to 70 paise: Arvind Narayanan, DBS Bank

Sebi has been proactive in developing commodity market: Mrugank Paranjape, MCX

Talking to ET Now, Mrugank Paranjape , MD & CEO, MCX , says this fiscal year, very confident of seeing a few more categories of institutional investors being permitted. You are absolutely correct, it is a phenomenally big day for the commodity markets in general and very specifically for MCX.

You can read more here: Sebi has been proactive in developing commodity market: Mrugank Paranjape, MCX

Kreg Accu Cut Review

When it comes to making your woodworking life easier, Kreg is one of the forefront companies with their jigs and more.  Kreg has been known to create quality and easy to use jig systems.  They find a woodworking process that is rather complicated and design a way to make it easier.

You can read more here: Kreg Accu Cut Review

Expecting our topline to be over Rs 6000-6300 cr this year: Rohan Suryavanshi, Dilip Buildcon

Talking to ET Now, Rohan Suryavanshi , Director Strategy & Planning, Dilip Buildcon , says the fact that we have elections in one and a half to two years from now, makes us confident that the government will be coming out with a lot ordering and that gives us a lot of comfort and optimism.

You can read more here: Expecting our topline to be over Rs 6000-6300 cr this year: Rohan Suryavanshi, Dilip Buildcon

We invest without an exit time horizon in mind, says Naukri's Sanjeev Bikhchandani

We have seen uptick in traffic in all our businesses led by the data boom. I think the data boom has just begun.

You can read more here: We invest without an exit time horizon in mind, says Naukri's Sanjeev Bikhchandani

Don't want to lose money in market? Here's how

But that is the option value, is n’t it? That is the good part or the sexy part of the balance sheet? That is true but it can go anywhere.

You can read more here: Don't want to lose money in market? Here's how

Exporters in India Suffer under GST Regime – Delays in Refund Processing, Malfunctioning System

Exporters in India are facing a major working capital crunch under refund rules of GST law and the malfunctioning of the GSTN system. We briefly discuss these challenges and the government response.

The post Exporters in India Suffer under GST Regime – Delays in Refund Processing, Malfunctioning System appeared first on India Briefing News.

We invest without an exit time horizon in mind, says Naukri's Sanjeev Bikhchandani

We have seen uptick in traffic in all our businesses led by the data boom. I think the data boom has just begun.

You can read more here: We invest without an exit time horizon in mind, says Naukri's Sanjeev Bikhchandani

Demand is even better than pre-GST levels: Sunil Duggal, Dabur India

Talking to ET Now, Sunil Duggal, CEO, Dabur India, says seeing restocking and also end-demand perking up. But he cautioned against taking the sustainability of this demand as a given. Will you say the demand has picked up to pre GST levels?

You can read more here: Demand is even better than pre-GST levels: Sunil Duggal, Dabur India

Gayle picks up minority stake in Bengaluru-based FlippAR App

BENGALURU: After a series of investments in businesses including startups, dashing West Indian opening batsman Chris Gayle has yet again made an investment by picking up a minority stake in city-based augmented reality venture FlippAR.

You can read more here: Gayle picks up minority stake in Bengaluru-based FlippAR App

We are in a slumber bull market, says Atul Suri, Marathon Trends PMS

Of course, it is nothing but I am just saying from a viewer’s standpoint if they are asking what is the bottom to this selling? One does not know if 9700 will crack.

You can read more here: We are in a slumber bull market, says Atul Suri, Marathon Trends PMS

Indian markets may not crash; odds favour rally: Robert Baur, Principal Global Investors

Robert Baur , chief global economist at Principal Global Investors , says Indian market valuations are high in part because earnings have not kept up with optimism in the market.

You can read more here: Indian markets may not crash; odds favour rally: Robert Baur, Principal Global Investors

Online lending co Rupeek set to get $12 mn in early stage funding

BENGALURU: Rupeek, a digital lending company offering gold loans, is set to raise about $12 million (about Rs 79 crore) in an early-stage funding round led by Accel India and financial inclusion-focused investment firm Lok Capital, according to two people familiar with the development.

You can read more here: Online lending co Rupeek set to get $12 mn in early stage funding

After two years of talks, here's how Chandra clinched the Tata-Thyssenkrupp deal in just one meeting

With negotiations going nowhere even after almost two years of long-drawn consultations, it needed that extra push from the principal shareholders to get merger talks going again.

You can read more here: After two years of talks, here's how Chandra clinched the Tata-Thyssenkrupp deal in just one meeting

Round II of online discounts on cards

KOLKATA: Consumers could look forward to eye-popping shopping benefits once again in the first week of October when the country’s two biggest Web market places, Flipkart and Amazon, engage in this festive season’s second discounting duel.

You can read more here: Round II of online discounts on cards

Flipkart may put eBay to good use for used goods

Flipkart is finalising another use for eBay India after deciding to employ it as a global sales platform for its thousands of vendors — to sell used or refurbished products.

You can read more here: Flipkart may put eBay to good use for used goods

E-commerce companies rake in Rs 9K crore during festive sale: RedSeer

NEW DELHI: E-commerce companies generated sales of an estimated Rs 9,000 crore (USD 1.5 billion) in the festive sale offered last week on most platforms, research firm RedSeer Consulting today said.

You can read more here: E-commerce companies rake in Rs 9K crore during festive sale: RedSeer

Kerala Startup Mission to provide fund for ideas from colleges

KOCHI: The Kerala Startup Mission (KSUM) has initiated a financial aid project, Idea Day, to provide a fund for innovative projects, ideas and products from college campuses.

You can read more here: Kerala Startup Mission to provide fund for ideas from colleges

SAIL organises a one day workshop on environmental and forest issues

KOLKATA: The Raw Materials Division (RMD) of Steel Authority of India Limited (SAIL) in association with ministry of environment & forest and climate change (MoEF&CC) organised a one-day workshop in Kolkata recently.

You can read more here: SAIL organises a one day workshop on environmental and forest issues

At this point, stagger the buying: Neeraj Deewan, Director, Quantum Securities

Talking to ET Now, Neeraj Deewan , Director, Quantum Securities , says Jindal Stainless is one stock which has corrected now but which has the ability for a 25-30% upside from these levels. Are you buying the fall or are you waiting for better entry points?

You can read more here: At this point, stagger the buying: Neeraj Deewan, Director, Quantum Securities

GAIL plans to set up petrochemical complex in Andhra Pradesh

HYDERABAD: State-owned GAIL Limited has approached the ministry of Environment, Forest and Climate Change for setting up a 1-million-tonne per annum capacity Greenfield Petrochemical Complex in East Godavari of Andhra Pradesh.

You can read more here: GAIL plans to set up petrochemical complex in Andhra Pradesh

New Drawback Duty Rates for Exporters, Aadhaar Linkage Deadlines – India Regulatory Brief

In this week's Regulatory Brief, we briefly discuss the drawback duty rates for exporters in India under the GST regime, the new deadlines for linking the Aadhaar biometric identification with all other identity proofs in India, and the government's move to rank states based on their startup ecosystem.

The post New Drawback Duty Rates for Exporters, Aadhaar Linkage Deadlines – India Regulatory Brief appeared first on India Briefing News.

Expect stimulus in exports, MSME, bank capitalisation and rail and road infra: Arun Thukral, Axis Sec

Talking to ET Now, Arun Thukral, MD & CEO, Axis Securities, says there is some buzz on the power sector also as the electrification is going to help rural consumption. Everyone is talking about the expected fiscal stimulus.

You can read more here: Expect stimulus in exports, MSME, bank capitalisation and rail and road infra: Arun Thukral, Axis Sec

Uber CEO tells London: I'm sorry for the mistakes we've made

LONDON: Uber's Chief Executive apologised on Monday for the taxi app's mistakes in London and promised to change as the firm fights a decision by the city not to renew its licence.

You can read more here: Uber CEO tells London: I'm sorry for the mistakes we've made

Zomato invests in meal delivery firm Tinmen

NEW DELHI: Online restaurant guide and food ordering firm Zomato on Monday said it has made an investment into Hyderabad based home-cooked meal delivery app Tinmen. The company did not share the amount of investment it has made.

You can read more here: Zomato invests in meal delivery firm Tinmen

Siemens sells Worli office property for Rs 610 crore

NEW DELHI: Engineering and technology firm Siemens today said it has sold its Worli office property for Rs 610 crore to Whispering Heights Real Estate Pvt Ltd, a joint venture of Reco Solis Pte Ltd and K Raheja Corp Group.

You can read more here: Siemens sells Worli office property for Rs 610 crore

Eureka! -E-Cell IIT Bombay's business model competition hunts for the next big startup

Eureka is one of the most commonly used words in our lives. Now let’s think of what first comes to your mind when you hear this word “Eureka”? Eureka! is the one of the most popular International Business Model competition held by entrepreneurship cell of IIT Bombay.

You can read more here: Eureka! -E-Cell IIT Bombay's business model competition hunts for the next big startup

L&T Technology services sets up development centre in Chennai

CHENNAI: Larsen and Toubro Technology Services Ltd today announced the setting up of an "engineering solutions delivery centre" in the city, strengthening its collaboration with global wind power major Vestas.

You can read more here: L&T Technology services sets up development centre in Chennai

Government must spend faster, not more: Saugata Bhattacharya, Axis Bank

Mythili Bhusnurmath , Consulting Editor, ET NOW, talk with Saugata Bhattacharya , Economist, Axis Bank and Anil Razdan , Former Power Secretary about the probable measures for economy boost being planned by the government. What are expecting to hear from the prime minister today?

You can read more here: Government must spend faster, not more: Saugata Bhattacharya, Axis Bank

Milwaukee SDS Rotary Hammer – M18 – 1 9/16 in. SDS-Max

Before we jump into the Milwaukee SDS Max Rotary Hammer, I have to make a confession.  When it comes to concrete, I think Bosch and Hilti are the powerhouses in this category.  However, I wasn’t surprised that Milwaukee jumped into this category.

You can read more here: Milwaukee SDS Rotary Hammer – M18 – 1 9/16 in. SDS-Max

Digital advertising to grow 25% and 30% in next 3-4 years: Aashish Bhasin, Dentsu

Talking to ET Now, Aashish Bhasin , CEO, Dentsu , says players who get the content right on digital in the long run they will be the survivors after this initial euphoria is over. Do you believe that the Indian ad spend at 0.

You can read more here: Digital advertising to grow 25% and 30% in next 3-4 years: Aashish Bhasin, Dentsu

Flipkart named most preferred ecommerce stop during festive sales: Report

With the first leg of the e-commerce festive season having just concluded, homegrown player Flipkart's Big Billion Days (BBD) has been named the most preferred online shopping destination, as per a consumer study conducted by research firm RedSeer Consulting.

You can read more here: Flipkart named most preferred ecommerce stop during festive sales: Report

Stay away from D-St for next 2 months, pharma only place to hide: Gautam Shah, JM Financial

Gautam Shah , Associate Director and Chief Technical Analyst, JM Financial Services , says the market appears to have made a ceiling for the near term. Excerpts from an interview with ET Now.

You can read more here: Stay away from D-St for next 2 months, pharma only place to hide: Gautam Shah, JM Financial

Wellness vertical Arogyam contributing towards 35-40% growth: A Velumani, Thyrocare

Talking to ET Now, A Velumani, Chairman, CEO & MD, Thyrocare, says nobody can grow by investing only in acute sickness care and that he is not afraid to cut rates more if necessary. What is the per capita spend on healthcare in India and that in other developed nations.

You can read more here: Wellness vertical Arogyam contributing towards 35-40% growth: A Velumani, Thyrocare

FinMomenta introduces corporate HR loans

PUNE: Digital lending firm FinMomenta, has introduced a corproate HR loans on its digital lending platform Tachyloans in India. Naveen Madgula, COO and Co-Founder said, "Digital lending is a paradigm shift for the entire financial industry.

You can read more here: FinMomenta introduces corporate HR loans

CarDekho.com ties up with Hero FinCorp for used car financing

NEW DELHI: Auto portal CarDekho.com on Monday said it has partnered with Hero FinCorp to provide financing options to its used car buyers. CarDekho.com is a portal of Girnar Software founded in March 2008.

You can read more here: CarDekho.com ties up with Hero FinCorp for used car financing

Currently, no plan of extending the 5% Amazon investment in Shoppers Stop, says MD Govind Shrikhande

Talking to ET Now, Govind Shrikhande, MD, Shoppers Stop, says association with Amazon will give a multiplier effect to their sales. What is your view on the tieup with Amazon?

You can read more here: Currently, no plan of extending the 5% Amazon investment in Shoppers Stop, says MD Govind Shrikhande

GSFC clarifies, says all plants operating perfectly

NEW DELHI: State-owned Gujarat State Fertilisers and Chemicals (GSFC) today cleared the air that all its plants are operating perfectly and information of their shutdown in social media is false and baseless.

You can read more here: GSFC clarifies, says all plants operating perfectly

Captive coal output goes up 7.2% in 5 months

KOLKATA: Captive coal production in India rose 7.2% to 14 million tonnes in the five months to August, according to data compiled by the Coal Controllers Office. The output was 13.45 million tonnes in the year-ago period. Data showed that Sasan Power produced 7.

You can read more here: Captive coal output goes up 7.2% in 5 months

Gayatri Projects bags Rs 1,483-crore order in Telangana

NEW DELHI: Gayatri Projects has bagged a Rs 1,483-crore irrigation project in Telangana. The order is part of Kaleshwaram Lift Irrigation project.

You can read more here: Gayatri Projects bags Rs 1,483-crore order in Telangana

Prices have come down for a lot of our products following GST: Rakesh Biyani, Future Group

Talking to ET Now, Rakesh Biyani, Future Group , says wants to rework the supply chain and are currently working with all our partners to identify the kind of changes that they will carry out. Future Group stocks have seen such a phenomenal rally this year.

You can read more here: Prices have come down for a lot of our products following GST: Rakesh Biyani, Future Group

LTTS sets up engineering development center in Chennai for Vestas

PUNE: L&T Technology Services (LTTS), a pure-play engineering R&D services company today announced the formal establishment of an engineering solutions delivery center in Chennai to support Danish wind energy firm Vestas.

You can read more here: LTTS sets up engineering development center in Chennai for Vestas

You can read more here:

Shyam Sekhar on how to invest in financial and deleveraged themes

I think that financials especially those where the valuations are excess must be sold now. If you do not get out now you are only going to be watched. I would say this with and they may be the best of companies but you have to be ruthless when it comes to valuations.

You can read more here: Shyam Sekhar on how to invest in financial and deleveraged themes

Cherry-pick in 3 sectors for 20% y-o-y returns: Harendra Kumar, Elara Capital

Hindustan Copper among metals and BEML among infra stocks have billion dollar market cap. Other than that aviation is the third space that can give 20% return annually, says Harendra Kumar of Elara Capital .

You can read more here: Cherry-pick in 3 sectors for 20% y-o-y returns: Harendra Kumar, Elara Capital

One surprise standout for Uber: Food delivery

SAN FRANCISCO: For years, Bob Gordon, the owner of Footprints Cafe in Brooklyn, handled the delivery of his restaurant's meals, like his Caribbean-inspired "Rasta Pasta," to customers.

You can read more here: One surprise standout for Uber: Food delivery

Facebook fail is blow for Silicon Valley cult of founder control

Silicon Valley spent more than a decade finding ways to give company founders more control. When Facebook Inc. tried to follow suit, shareholders pushed back.

You can read more here: Facebook fail is blow for Silicon Valley cult of founder control

In battle for talent, one startup founder tries 'unlimited' pay

China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market -- and so far it's working. Beijing ByteDance Technology Co.

You can read more here: In battle for talent, one startup founder tries 'unlimited' pay

In battle for talent, one startup founder tries 'unlimited' pay

China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market -- and so far it's working. Beijing ByteDance Technology Co.

You can read more here: In battle for talent, one startup founder tries 'unlimited' pay

Tesla Motors can fly in China car market

For several decades, western automakers hoping to both build and sell vehicles in China have had to engage in a joint venture with a Chinese company. But it might soon allow foreign automakers to set up their own non-JV factories, to manufacture electric vehicles.

You can read more here: Tesla Motors can fly in China car market

Tech co Synup raises $6mn in Series A round

MUMBAI: Technology startup Synup, which helps local and small businesses manage their online presence, has raised $6 million (Rs 40 crore) in Series-A round of funding, led by Vertex Ventures. The round also saw the participation of its existing investor Prime Venture Partners.

You can read more here: Tech co Synup raises $6mn in Series A round

Some PE cos want to cut a cheque to this travel Firm

NEW DELHI: A clutch of blue-chip private equity firms are in discussions to invest in B2B travel platform Travel Boutique Online (TBO) and in the process potentially provide Naspers, the largest stakeholder in the company, with a blockbuster exit.

You can read more here: Some PE cos want to cut a cheque to this travel Firm

Any fiscal stimulus has to be of a reasonable size: Jahangir Aziz, JP Morgan

Once the economic expansion fell to a three-year low, the talk of booster dose is fast gaining currency. But any fiscal stimulus is adverse.

You can read more here: Any fiscal stimulus has to be of a reasonable size: Jahangir Aziz, JP Morgan

Build a Custom Frame for Large Art Pieces from Recycled Molding

For our 8th anniversary this year, Christy and I commissioned a large, non-traditional family portrait from an awesome Atlanta artist, Eugene Byrd. We had seen his work at a gallery show in College Park and were really impressed with his style.

You can read more here: Build a Custom Frame for Large Art Pieces from Recycled Molding

‘Amazon investment in Shoppers Stop is pure financial deal’

Amazon’s first investment in a brickand-mortar retailer in the country should not be considered a back-door entry by a foreign retailer into multibranded retailing, according to Shoppers Stop which has agreed to sell 5% stake to an investment arm of the US based online giant.

You can read more here: ‘Amazon investment in Shoppers Stop is pure financial deal’

Five-day festivity may see etail market top $1.7 bn in sales

BENGALURU: India’s online retail market is expected to have grown by over 50% during the festive sales in 2017, as the industry, led by Flipkart and Amazon India, is pegged to crossed $1.7 billion in sales in five days.

You can read more here: Five-day festivity may see etail market top $1.7 bn in sales

Amazon India calls up Ashok Patni group for joint venture

Amazon has established a joint venture with the Ashok Patni Group to strengthen its customer service unit or call centre targeted at supporting the growing number of local-language customers as the online retail giant expands deeper into India.

You can read more here: Amazon India calls up Ashok Patni group for joint venture

Not just offers, Amazon and Flipkart also creat thousands of jobs in sale season

Temporary employment creation this festive season has shot up by as much as 25% over last year, providing a silver lining in an otherwise difficult job market that’s been hit by slowing GDP growth. Close to 1.

You can read more here: Not just offers, Amazon and Flipkart also creat thousands of jobs in sale season

Coal mine auction to count royalty offer, give price freedom

NEW DELHI: India is planning a simple, attractive system for auctioning coal blocks to private firms by the year end, a measure government officials believe will help accelerate the infrastructure industry and have a multiplier effect on the economy.

You can read more here: Coal mine auction to count royalty offer, give price freedom

Essar invests Rs 830 cr to double Vizag Port iron ore capacity

NEW DELHI: Essar Ports today said its Rs 830 crore expansion plan to almost double the iron ore handling capacity to 23 million tonne per annum (MTPA) at Vizag port is nearing completion.

You can read more here: Essar invests Rs 830 cr to double Vizag Port iron ore capacity

Indians on Google moon mission to blast off anthem on Monday

NEW DELHI: Bangalore-based TeamIndus -- the only Indian entrant in an international Google contest for landing a rover on the moon -- will start its countdown to the space race worth $30 million in prizes with an anthem to be released tomorrow.

You can read more here: Indians on Google moon mission to blast off anthem on Monday

Amazon sees growth in smartphone, fashion segments in festive sale

NEW DELHI: E-commerce major Amazon today said its ongoing festive sales have been the "biggest till date", driven by strong growth in segments like smartphones, large appliances and fashion.

You can read more here: Amazon sees growth in smartphone, fashion segments in festive sale

Government to set up 5 scrap-based steel plants, invest Rs 500 cr

NEW DELHI: The government is planning to set up five scrap-based steel plants at an investment of Rs 500 crore within a year to ensure that a chunk of the country's targeted 300 million tonne steel output is met through scrap.

You can read more here: Government to set up 5 scrap-based steel plants, invest Rs 500 cr

Supertech raises Rs 350 crore from L&T Finance for housing project

NEW DELHI: Realty firm Supertech has raised Rs 350 crore from L&T Finance to fund an ongoing housing project in Greater Noida.

You can read more here: Supertech raises Rs 350 crore from L&T Finance for housing project

Domestic finished steel export surges 36%, import 62% in August

NEW DELHI: India's total export of finished steel in August jumped 36 per cent to 0.923 million tonne, official data showed. In the same month last year, the corresponding figure was 0.679 million tonne (mt).

You can read more here: Domestic finished steel export surges 36%, import 62% in August

How mother’s milk becomes a bauble

CHENNAI: With her husband's birthday just round the corner, Swati Badri was scouring the internet for a gift that would be truly unique. And that's when the new mother hit upon an idea. On D-day , she presented her husband with a breast milk ring.

You can read more here: How mother’s milk becomes a bauble

Startups are sharing top executives to save costs

CHENNAI: If Sridhar Subramanian had a LinkedIn profile, it would probably read: Monday, CFO at fintech startup, Tuesday, CFO at agri-tech startup, Wednesday, CFO at gaming company, and so on.

You can read more here: Startups are sharing top executives to save costs

Why millennials are checking into hotels in their hometowns

For the last six months, Gopal Sharma has spent nearly two days every week at a hotel in his hometown Kolkata. The 29-year-old IT engineer is far from being a high flyer.

You can read more here: Why millennials are checking into hotels in their hometowns

Uber ready to make concessions to reverse London licence decision: Report

LONDON: US taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its licence in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported.

You can read more here: Uber ready to make concessions to reverse London licence decision: Report

5 Home Repair and Maintenance Ideas You can DIY

Managing your home is not simple because there are a lot of tasks that needs to be done. Every area and every corner needs to be checked for you to make sure that everything is in its perfect condition.

You can read more here: 5 Home Repair and Maintenance Ideas You can DIY

Why building moats that create profitability is important for startups

Over the past few years, many investors and entrepreneurs attempted to create value in startups purely on the back of investing large sums of money.

You can read more here: Why building moats that create profitability is important for startups

For well-funded big boys of ecommerce, profits can wait, discounts can’t

It’s been a windfall for online shoppers as they pocketed discounts as high as 90% in the fourday shopping festival that ends today. There’s, of course, a price to pay for — or, rather, a cost to be incurred by — those offering the goodies: the etailers.

You can read more here: For well-funded big boys of ecommerce, profits can wait, discounts can’t

How fund-starved ecommerce ventures have started getting bottom line-focused to stay in the game

For a long time it seemed as if the Indian online business universe was living by the Woody Allen principle. “If my films don’t show a profit, I know I’m doing something right,” the filmmaker, actor and musician had famously quipped.

You can read more here: How fund-starved ecommerce ventures have started getting bottom line-focused to stay in the game

Ultra-thin veneer, carbon fiber sandwich makes award-winning chair

The 0.6 Chair is a robust, long-lasting dining and café chair with an efficient yet simple production process. Using a new process of laminating wood, the chair is composed of a sandwich of wood veneer and carbon fiber that reduces the thickness of the chair to just 0.

You can read more here: Ultra-thin veneer, carbon fiber sandwich makes award-winning chair

Discounts on Amazon, Flipkart & Snapdeal illegal, in violation of FDI rules: Traders' body

NEW DELHI: Traders' body CAIT today urged the government to take action action against e-commerce firms like Amazon and Flipkart, alleging they have flouted FDI norms for such players by undertaking retail trading activities.

You can read more here: Discounts on Amazon, Flipkart & Snapdeal illegal, in violation of FDI rules: Traders' body

Amazon's investment arm to buy 5% stake in Shoppers Stop for Rs 180 crore

MUMBAI: Amazon's investment arm plans to buy 5 per cent stake in department chain Shoppers Stop for about Rs 180 crore, indicating its intention to use physical stores as one of its sales drivers in India.

You can read more here: Amazon's investment arm to buy 5% stake in Shoppers Stop for Rs 180 crore

Thyssenkrupp to set up working group with unions over Tata Steel merger

FRANKFURT: Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel, it said in a statement on Saturday, issued after a supervisory board meeting.

You can read more here: Thyssenkrupp to set up working group with unions over Tata Steel merger

Nalco setting up 5th stream to boost capacity in refinery

BHUBANESWAR: National Aluminium Company (Nalco) is in the process of setting up a fifth stream in its existing alumina refinery in Odisha, an official said on Saturday. The refinery will add one million tonnes per annum (MTPA) to its existing capacity of 2.

You can read more here: Nalco setting up 5th stream to boost capacity in refinery

Only option that government has is to cut excise duties on petroleum: Jahangir Aziz, JP Morgan

Taking part in the India Development Debate with ET Now, Jahangir Aziz, Chief Asia Economist, JP Morgan, says India already has a significant amount of fiscal stimulus in play and the overall fiscal policy remains loose.

You can read more here: Only option that government has is to cut excise duties on petroleum: Jahangir Aziz, JP Morgan

No harm if we let the currency depreciate at this point: Bimal Jalan

Taking part in the India Development Debate with ET Now, Bimal Jalan, Former Governor, RBI, says taking everything into account, there are always tradeoffs in making policy but whether the rupee should be 64 or 66 is not an issue.

You can read more here: No harm if we let the currency depreciate at this point: Bimal Jalan

How societal norms work against women choosing STEM careers

Women who have achieved some measure of success in STEM (science/technology/engineering/mathematics) careers are often asked why there aren't more women in these fields. We get interviewed, held up as role models, invited to give talks and write blogs.

You can read more here: How societal norms work against women choosing STEM careers

The importance of integrating AI with Enterprise software

The era of artificial intelligence has begun but many businesses are yet to adopt it. Understandable, because there are myths surrounding the topic, such as AI taking over the world.

You can read more here: The importance of integrating AI with Enterprise software

System has enough capacity to handle filings: GSTN chief Ajay Bhushan Pandey

NEW DELHI: The Goods and Services Tax Network (GSTN) is a robust system capable of handling 1 lakh concurrent engagements and there is no need for repeated extensions regarding filing deadlines, GSTN chairperson Ajay Bhushan Pandey has said.

You can read more here: System has enough capacity to handle filings: GSTN chief Ajay Bhushan Pandey

NMDC to divest at least 50% in Chhattisgarh plant

HYDERABAD: India's largest iron ore producer NMDC will divest at least manage ment control in its upcoming Nagarnar iron and steel plant in Chhattisgarh as part of government's strategic divestment plan, said its new MD N Baijendra Kumar.

You can read more here: NMDC to divest at least 50% in Chhattisgarh plant

If necessity is the mother of invention, dire necessity is the mother of Jugaad: Part 1

The word Jugaad describing a concept of being street smart has been in existence for the last several decades. It is a buzz word that has captured the imagination of generation next in India as well as across the world.

You can read more here: If necessity is the mother of invention, dire necessity is the mother of Jugaad: Part 1

GSTN ropes in 39 more companies as Suvidha providers

BENGALURU: The GST Network, the agency in charge of the technological infrastructure for the Goods and Services Tax regime, has selected 39 more companies to become GST Suvidha Providers (GSPs).

You can read more here: GSTN ropes in 39 more companies as Suvidha providers

GST, demonetisation impacted business confidence: NCAER

NEW DELHI: A premier think tank on Friday said that there is a sense of uncertainty in the business confidence of Indian firms since the demonetisation drive last year.

You can read more here: GST, demonetisation impacted business confidence: NCAER

Betting on 2 stocks for trading on Monday: Kunal Bothra

Talking to ET Now, Kunal Bothra , Independent Market Analyst, says he is bullish on Tata Motors and Asian Paints. What really transpired on Friday and what do you make of the 2.5% correction, the sub-10,000 close, the 3% fall in the small caps.

You can read more here: Betting on 2 stocks for trading on Monday: Kunal Bothra

Palliser furniture expands in Mexico with 65,000 sq. ft. plant

Skip to main content Canadian News By September 21, 2017 | 2:30 pm EDT Print COAHUILA, Mexico - Canadian furniture manufacturer Palliser has increased its presence in Mexico - opening a 65,000-square-foot manufacturing facility.

You can read more here: Palliser furniture expands in Mexico with 65,000 sq. ft. plant

Table Saw MegaSled

Most power-tool woodworkers have at least one table saw sled. And while a sled can make your work safer and more accurate, a well-thought-out sled can also do much more. Sometimes I call this one the “MegaSled,” other times the “Super Sled,” because its large size makes it so versatile.

You can read more here: Table Saw MegaSled

Amazon claims 14x value growth on first day of sale

BENGALURU: Amazon India said it has registered a 14x growth in value over business as usual on the first day of its Great Indian Festival sale on Thursday, on back of sales of smartphones, which could have likely taken the platform’s Day 1 sales to between Rs 1,100-1,400 crore.

You can read more here: Amazon claims 14x value growth on first day of sale

This desi girl is giving Manhattan a sugar rush with Malai Ice Cream

Ice cream with a 'flavour-able' twist. Hints of ginger, cinnamon and black pepper go to make the Masala Chai flavour, a perfect tea latte. Opt for Sweet Milk, which is simply condensed milk in an ice cream avatar.

You can read more here: This desi girl is giving Manhattan a sugar rush with Malai Ice Cream

MakeMyTrip India CEO Rajesh Magow rejoins Flipkart board

NEW DELHI: Rajesh Magow, chief executive and co-founder of MakeMyTrip, India's largest online travel operator, has rejoined the board of Flipkart, the country's largest online retailer, a little over two years after stepping down from the same.

You can read more here: MakeMyTrip India CEO Rajesh Magow rejoins Flipkart board

Why Is Your Linseed Oil Not Drying?

In the past, you’ve recommended boiled linseed oil on curly maple to enhance the grain. I put linseed oil on maple and burl veneer test pieces and let them dry for four days. On one test, I added General Finishes top coat, but after four more days it remains sticky and tacky. What should I do?

You can read more here: Why Is Your Linseed Oil Not Drying?

Maoists damage Essar Steel’s slurry pipeline from Dantewada to Vizag

The damage couldn't have come at a worse time for Essar Steel as company is facing insolvency proceedings.

You can read more here: Maoists damage Essar Steel’s slurry pipeline from Dantewada to Vizag

SAIL to install a 3 mtpa Hot Strip Mill at Rourkela Steel Plant by 2018

KOLKATA: Steel Authority of India (SAIL) is poised to install a new 3 million tonne per annum (mtpa) Hot Strip Mill at Rourkela Steel Plant (RSP) by 2018 in a bid to enlarge its basket of value added products.

You can read more here: SAIL to install a 3 mtpa Hot Strip Mill at Rourkela Steel Plant by 2018

SAIL eyes higher market share on surging steel demand: Chairman

NEW DELHI: Armed with latest technologies and higher product mix, aims to tap big into the steel demand in India, which is projected to become "the fifth- largest economy" this year, its Chairman P K Singh said today.

You can read more here: SAIL eyes higher market share on surging steel demand: Chairman

FinMin dispels concerns over high GST transition credit

NEW DELHI: The finance ministry today sought to dispel concerns about Rs 65,000 crore transitional credit claims saying that the Centre's revenue kitty will not go down because of these claims. Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore in July.

You can read more here: FinMin dispels concerns over high GST transition credit

Looking at 18-20% growth in the year ahead: Ajay Bijli, PVR

Talking to ET Now, Ajay Bijli , Chairman & MD, PVR , says it has been slightly disappointing to be clubbed in GST structure with luxury and sin tax. It should have been about 18% but it has come to 28%. You anticipate a relatively better ad growth on strong content.

You can read more here: Looking at 18-20% growth in the year ahead: Ajay Bijli, PVR

Consumption to drive growth revival in next couple of quarters: Sunil Subramaniam, Sundaram Mutual

Talking to ET Now, Sunil Subramaniam, CEO, Sundaram Mutual, says the government is now thinking that while the private sector is getting its act in order, it should maybe do a little bit more and that can only happen through a stimulus, through borrowing.

You can read more here: Consumption to drive growth revival in next couple of quarters: Sunil Subramaniam, Sundaram Mutual

Uber stripped of its licence to operate in London

LONDON: London's transport regulator on Friday stripped Uber of its licence to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app. The final day of Uber's licence will be on Sep. 30.

You can read more here: Uber stripped of its licence to operate in London

Iron ore demand, price under pressure due to Chinese factors: NMDC Limited

HYDERABAD: State-owned NMDC Limited today said iron ore prices and demand may come under pressure due to factors such as subdued production in China and ramping up production by some of the large mines across the globe.

You can read more here: Iron ore demand, price under pressure due to Chinese factors: NMDC Limited

Milwaukee High Torque Impact Wrench Review

Milwaukee is known for their robust line of powerful cordless tools.  So when Milwaukee announced the release of their 1/2″ High Torque Impact Wrench, it wasn’t a surprise.  Here is what’s cool.  You can now lose the air hose.

You can read more here: Milwaukee High Torque Impact Wrench Review

There’s little chance of a 2013 like selloff: Manoj Rane, BNP Paribas India

Talking to ET Now, Mythili Bhusnurmath , Consulting Editor, Manoj Rane , MD, Head-Global Market & Treasury, BNP Paribas India and Khoon Goh , Senior FX strategist, ANZ discuss the fall of the rupee vis-à-vis dollar, pump priming of the Indian economy and the possibility of widening of the fiscal de

You can read more here: There’s little chance of a 2013 like selloff: Manoj Rane, BNP Paribas India

India's crude steel output rises 4% to 8.4 MT in August

NEW DELHI: India's crude steel production registered a growth of 4 per cent to 8.4 million tonnes (MT) in August this year, according to the latest report of World Steel Association. The steel output stood at 8.1 MT in August last year, it said.

You can read more here: India's crude steel output rises 4% to 8.4 MT in August

Will diversify portfolio for next wave of growth, says BHEL

NEW DELHI: State-owned power equipment maker BHEL today said it will create a diversified portfolio for its next wave of growth that will include areas like solar energy, transportation and water business.

You can read more here: Will diversify portfolio for next wave of growth, says BHEL

GST was a blip, our target is to grow in strong double digits: Sunil A D’Souza, Whirlpool

Number one, we have created a flagship store online where our entire range is available to consumers and we are backing it up with very efficient delivery and service. Other than that, we are partnering with the big guys to make sure that as they grow in scale, we grow with them.

You can read more here: GST was a blip, our target is to grow in strong double digits: Sunil A D’Souza, Whirlpool

A year from now, SBI Life will have 16% free float: Arijit Basu

SBI and Cardiff could be looking at further dilution maybe two-three years down the line, says Arijit Basu , CEO, SBI Life . Talking to ET Now, Basu says other than 12% being sold now, another 4% lying with marquee investors will become open a year from now.

You can read more here: A year from now, SBI Life will have 16% free float: Arijit Basu

Boxx.ai targets 40% topline impact for ecommerce customers with new product

PUNE: Software firm Boxx.ai said that it was using artificial intelligence to help ecommerce companies realise upto 40% more benefits from their customer engagement activities. Ajay Kashyap, co-founder, Boxx.

You can read more here: Boxx.ai targets 40% topline impact for ecommerce customers with new product