Bullish on 3 domestic themes: Pankaj Pandey, ICICIdirect.com

Talking to ET Now, Pankaj Pandey, HoR, ICICIdirect.com , says should continue to stay away from IT and pharma sectors. Besides Rallis and ENIL, the third stock Pandey is betting on is Federal Bank

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via Bullish on 3 domestic themes: Pankaj Pandey, ICICIdirect.com

$14.5 m in coins to grow this Bitcoin Blockchain Fund

AHMEDABAD: Bitcoin Growth Fund (BGF), a blockchain-based startup fund, closed its first fund raising with $14.5 million (approx Rs 95 crore) as part of its initial coin offering (ICO) in the last one month.

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via $14.5 m in coins to grow this Bitcoin Blockchain Fund

Worried techies rush to startups

CHENNAI: The recent IT layoffs have pushed software professionals to throng small and medium-sized IT companies and startups. In fear of being laid off, several techies are looking for new avenues, many settling for a similar pay or a taking a cut of up to 30%.

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via Worried techies rush to startups

Umbrellas & basketballs join sharing economy in China

BEIJING: China may be oversharing. First, a brutal and costly ride-hailing war drove Uber out of the country. Then a boom in bike-sharing blanketed city streets with unused bicycles. Today, Chinese startups want to share umbrellas, concrete mixers and mobile phone power banks.

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via Umbrellas & basketballs join sharing economy in China

March was a temporary blip, FY18 to be markedly better for economy: Keki Mistry

Talking to ET Now, Keki Mistry, VC & CEO, HDFC, says FY18 growth numbers will be certainly much higher than FY17’s but whether it is 7.5% or 7.8% or 8%, that is not clear. The numbers showed a 7.1% growth for the entire FY17 but as far as Q4 is concerned, the growth rate is only 6.1%.

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via March was a temporary blip, FY18 to be markedly better for economy: Keki Mistry

Flipkart focuses on AI-based products to grow its presence in Silicon Valley

BENGALURU: F7 Labs, Flipkart's US-based research arm, is looking at growing its presence in Silicon Valley as it focuses on building artificial intelligence-based products to help the Indian ecommerce giant improve business processes and customer interactions.

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via Flipkart focuses on AI-based products to grow its presence in Silicon Valley

It could soon take just a ring or a text to hail your Uber ride

NEW DELHI: Taxi hailing app Uber is considering the possibility of letting customers request for cabs using calls and text messages.

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via It could soon take just a ring or a text to hail your Uber ride

Uber posts $708 mn loss; finance head leaves

Uber Technologies Inc's head of finance is leaving as the ride-hailing company reported continued big losses for the first quarter, the Wall Street Journal reported on Wednesday. The ride-hailing company's first-quarter revenue was $3.

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via Uber posts $708 mn loss; finance head leaves

For industry to be sustainable, pricing discipline has to come: Alice Vaidyan, GIC

General Insurance Corporation, which posted robust growth last fiscal, will support all gov ernment schemes, its chairperson, Alice Vaidyan, said. In an interview with ET's Shilpy Sinha.

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via For industry to be sustainable, pricing discipline has to come: Alice Vaidyan, GIC

Undettered by high attrition rate, Ola and Uber banking on drivers in their 20s

BENGALURU: A large number of taxi drivers have quit Ola and Uber and not many new ones are signing up, but that might be a good thing.

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via Undettered by high attrition rate, Ola and Uber banking on drivers in their 20s

Chillr ready to offer micro credit, MFs and insurance products

BENGALURU: Sequoia-backed peer-topeer payment platform Chillr is set to offer its users the option to access micro credit, and will also expand into mutual funds and insurance soon.

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via Chillr ready to offer micro credit, MFs and insurance products

Popular Woodworking Magazine

This traditional finish from Denmark is simple, safe and tactile. When I tell fellow woodworkers and customers that I use soap as a finish on some of my tables and chairs, they think I’m joking.

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via Popular Woodworking Magazine

Famed actor, former NFL player Terry Crews designs modern furniture line

NEW YORK – Terry Crews, world renowned actor, former NFL player, and current star on Brooklyn Nine-Nine, has ventured into the world of furniture design – unveiling his first collection during the recent International Contemporary Furniture Fair (ICFF) in New York.

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via Famed actor, former NFL player Terry Crews designs modern furniture line

Paytm eyes 3X growth in train ticket bookings this year

NEW DELHI: Digital payments platform, Paytm today said it expects to clock over 3X growth in number of train tickets booked through its platform this financial year. The company is also strengthening its overall travel vertical and will hire more people over the next two quarters.

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via Paytm eyes 3X growth in train ticket bookings this year

Furniture maker Natuzzi goes into the red after losing employee lawsuit

SANTERAMO IN COLLE, Bari, Italy - Luxury furniture manufacturer Natuzzi said revenues fell four percent during the first quarter, but the results were worsened by an adverse legal settlement. The company, which is opening U.S.

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via Furniture maker Natuzzi goes into the red after losing employee lawsuit

ArcelorMittal, SAIL agree to mediator's proposal to advance Indian venture

NEW DELHI: ArcelorMittal and Steel Authority of India Ltd (SAIL) have agreed to a proposal to export a fifth of the auto-grade steel they aim to make under a planned $913 million joint venture, according to a document obtained by Reuters.

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via ArcelorMittal, SAIL agree to mediator's proposal to advance Indian venture

Startups most sought after category of workplaces in India: Report

MUMBAI: A LinkedIn study brought out a few days back had revealed that even after massive layoffs and uncertainty regarding the stability of startups, the category of businesses is still the most sought after category of workplaces in India.

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via Startups most sought after category of workplaces in India: Report

DeWalt 12V Drill Driver DCD700C2 Hammer Drill - Hammer Drills

DeWalt 12V Drill Driver DCD700C2 Hammer Drill - Hammer Drills #dewalt #india #bestprice #bestbuyindia #Anglegrinder #metalworking #fabrication #woodworking #construction #tools
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Milwaukee LDM – 3 Different LDM’s

Milwaukee took a leap and entered the LDM market a while back.  I have to admit when I first heard they were entering this market, I was a little skeptical.

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via Milwaukee LDM – 3 Different LDM’s

Orient Cement to acquire 2 units from Jaypee for Rs 1,946 cr

NEW DELHI: CK Birla Group firm Orient Cement Ltd today said it would acquire two entities, Bhilai Jaypee Cement and Nigrie Cement Grinding Unit, from Jaypee group firms for a total consideration of Rs 1,946 crore.

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via Orient Cement to acquire 2 units from Jaypee for Rs 1,946 cr

Buy Skil 6513 Smartset Power & Hand Tool Kit in Power Tool Kits - www.ToolDunia.com

WOW !! This branded toolkit is all you might need Check out WHY ??? #tooldunia #msme #skillindia #industrialsupply #diy #tooldunia
Check Details on Buy Skil 6513 Smartset Power & Hand Tool Kit in Power Tool Kits - www.ToolDunia.com By. http://www.tooldunia.com

Coal India to focus on marketing, renames sales and marketing wing

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via Coal India to focus on marketing, renames sales and marketing wing

India looking good on marco level: Jamal Mecklai of Mecklai Financial Services

Mythili Bhusnurmath , Consulting Editor, ET NOW and Jamal Mecklai , CEO of Mecklai Financial Services discouss GDP numbers, forex market and Indian economy. Edited Excerpts: ET Now: Let us start off really with the currency action.

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via India looking good on marco level: Jamal Mecklai of Mecklai Financial Services

Dumping from China a big worry in battery segment: Amritanshu Khaitan, MD, Eveready Industries

In battery segment, the most disturbing factor is the dumping by Chinese companies which has resulted in flattish growth in Q4, Amritanshu Khaitan, MD, Eveready Industries, told ET Now in an interview. The mainstay battery business continues to display sluggish growth for you.

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via Dumping from China a big worry in battery segment: Amritanshu Khaitan, MD, Eveready Industries

GST to boost India's GDP growth on a sustained basis: Marie Diron, Moody's

In an interview to ETNow , Marie Diron, associate managing director-Sovereign Risk Group at Moody's Investors Service , says Indian economy has been more resilient towards demonetisation. Edited Excerpts. ET Now: Take us through your global growth outlook.

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via GST to boost India's GDP growth on a sustained basis: Marie Diron, Moody's

GST will result in temporary setback: MS Unnikrishnan, MD & CEO, Thermax

GST will have a temporary setback but it won't hurt beyond a level, said MS Unnikrishnan, MD & CEO, Thermax to ET Now.

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via GST will result in temporary setback: MS Unnikrishnan, MD & CEO, Thermax

Buy CUMI Metabo HSS Twist Drills Brad Points Set in Drill Bitts / Brad Points - www.ToolDunia.com

Branded Cumi Metabo drill bits. #woodworking #indiandiy #msme #skillindia #carpentry #india
Check Details on Buy CUMI Metabo HSS Twist Drills Brad Points Set in Drill Bitts / Brad Points - www.ToolDunia.com By. http://www.tooldunia.com

Dewalt DWD014 Rotary Hammer Drill - Hammer Drills

Dewalt DWD014 Rotary Hammer Drill - Hammer Drills. #dewalt #india #bestprice #bestbuyindia #Anglegrinder #metalworking #fabrication #woodworking #construction #tools
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InvITs will see good pick up soon: Virendra Mhaiskar, CMD, IRB Infrastructure

InvITs are fairly new product and will pick up traction in future, believes Virendra Mhaiskar, CMD, IRB Infrastructure. What has led to the growth this time around and what were the key highlights of Q4?

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via InvITs will see good pick up soon: Virendra Mhaiskar, CMD, IRB Infrastructure

Incessant Technologies to acquire 55% interest in RuleTek

PUNE: Incessant Technologies, an NIIT Technologies, announced that it has signed a definitive agreement to acquire 55% interest in RuleTek LLC, a BPM architecture services company with a track record of successful implementations for Fortune 500 companies.

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via Incessant Technologies to acquire 55% interest in RuleTek

iSPIRT is split on core mission

BENGALURU: The split seems to be widening in iSPIRT, with some members calling for the organisation to be spun off into two initiatives -promoting India as a software product nation under the 'ProductNation' initiative and promoting IndiaStack, an API-led tech infrastructure, according to two sou

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via iSPIRT is split on core mission

Govt has resolved a lot of issues, but much more needs to be done: S N Subrahmanyan

S N Subrahmanyan, joint managing director, Larsen & Toubro, is not perturbed about taking the reins of the $16 billion behemoth from AM Naik in one of the most challenging times of the business.

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via Govt has resolved a lot of issues, but much more needs to be done: S N Subrahmanyan

Jyoti Bansal invests in marketing automation platform Leadsquared

BENGALURU: Silicon Valley-based tech entrepreneur Jyoti Bansal, who sold his performance management firm AppDynamics to Cisco for $3.

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via Jyoti Bansal invests in marketing automation platform Leadsquared

Father of Android Andy Rubin's 'Essential' smartphone looks stunning

Andy Rubin created the software that powers hundreds of millions of Android devices around the world. Now he has two gadgets of his own: the Essential Phone and the Essential Home. The phone's display fills most of the front, save for a camera cutout, slim bezels and a small chin at the bottom.

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via Father of Android Andy Rubin's 'Essential' smartphone looks stunning

Banks now bank on fintech companies for more customers

BENGALURU|MUMBAI: Banks are no longer fighting financial-technology startups, instead they are gaining from them in terms of acquiring more customers and reducing operational costs leading to a flurry of partnerships in recent months.

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via Banks now bank on fintech companies for more customers

Online education will be a $2 bn Industry in India by 2021: Google, KPMG

BANGALORE: Online education industry will be a $1.96 billion industry by 2021 according to a research conducted by KPMG, along with with insights from Google search. The report finds that the paid user base will grow 6X from 1.6 million users in 2016 to 9.6 million users in 2021.

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via Online education will be a $2 bn Industry in India by 2021: Google, KPMG

BookMyShow to bet on live events at the expense of movie business

BENGALURU: Entertainment ticketing company BookMyShow is planning to bring down the share of movies to about a third of its revenues in the next 3-5 years, as the Mumbai-based company increases investments in live events and content business, which include platforms like Daily Social and Movie Natio

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via BookMyShow to bet on live events at the expense of movie business

Flipkart's COO quits; Krishnamurthy's grip tightens

BENGALURU: Flipkart's chief operating officer Nitin Seth, one of the top ranking executives at the firm, has put in his papers, according to two sources familiar with the development.

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via Flipkart's COO quits; Krishnamurthy's grip tightens

New Tool Accessories

On my recent trip to the Home Depot Headquarters, I got the chance to test out a few cool tool accessories I thought the EHT readers would find interesting. Here are some highlights.

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via New Tool Accessories

Jindal Poly Films in talks to acquire European operations of DuPont Teijin Films

MUMBAI: India's largest polyester-based packaging film company Jindal Poly Films is in advanced negotiations to acquire the European operations of DuPont Teijin Films (DTF) for Rs 2,000 crore ($300 million), said several people with knowledge of the mater.

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via Jindal Poly Films in talks to acquire European operations of DuPont Teijin Films

Lightweight, modular furniture system connects like Legos

Movisi, a German furniture manufacturer, has launched Grow: a lightweight and modular furniture system based around a single component. Requiring no tools, the component module is connected to other modules like Legos. Made of polypropylene, the modules are antibacterial, sturdy, and waterproof.

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via Lightweight, modular furniture system connects like Legos

Snapdeal hit by another top executive exit; now HR Head Saurabh Nigam quits

NEW DELHI: Beleaguered online retailer Snapdeal continues to lose members from top leadership, the latest to join the list being its Human Resources Head Saurabh Nigam. Nigam's exit comes amid talks of a potential sale of the e-commerce firm to larger rival Flipkart.

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via Snapdeal hit by another top executive exit; now HR Head Saurabh Nigam quits

How to Turn a Bus Into a Home

Living out of a bus isn’t exactly a new idea — Volkswagen was so fond of the concept that they even created a factory live-in bus called the Westfalia in the ‘50s. If you’ve got one in good shape, they bring Lexus money in the right parts of Southern California these days.

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via How to Turn a Bus Into a Home

Share Your Work

As Rob revealed last week, he is off on a fishing excursion right now (and yes, the tales he tells when he gets back might best be described as … fishy). Which means that it’s my turn to write to our eZine readers.

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via Share Your Work

Clamp-on Workbench Storage Trays

These little 9″ x 3″ plastic organizer bins sure are handy to have around the shop, and you can find them at hardware or home decor stores. To make them even more useful, I screw a piece of 3/4″ scrap to one side of the bin, then fasten a longer strip of hardboard to the top of the scrap.

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via Clamp-on Workbench Storage Trays

Steel mills in India to benefit from cheap raw material: ICRA

KOLKATA: Domestic steel mills are likely to benefit from lower raw material costs iron ore and cooking coal in particular and definitive anti-dumping duty on flat products in FY2018, according to domestic rating agency ICRA.

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via Steel mills in India to benefit from cheap raw material: ICRA

Simple Scroll Saw Resawing

Here’s how I resaw small stock into thinner pieces at my scroll saw. I clamp my workpiece standing on edge to a 2″ x 2″ scrap block that’s long enough to support the wood and clamp. Leave a little space between the back edge of the wood and your C-clamp for the blade to exit the cut.

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via Simple Scroll Saw Resawing

Pantry Organizer

We got tired of endlessly moving around canned goods in the pantry to see what was in back. So I came up with this multiple lazy susan rack to facilitate inventory. As usual, I went metric in the design and layout.

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via Pantry Organizer

Make in India outreach has attracted many German SMEs: PM Modi

BERLIN: The Make in India Mittelstand (MIIM) launched to encourage German small and medium industry (SME) to India has evoked major interest in Germany, giving further boost to bilateral business ties, Prime Minister Narendra Modi said on Tuesday.

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via Make in India outreach has attracted many German SMEs: PM Modi

Rockler HVLP Finishing Sprayer

If you’ve been considering buying a spray gun system but have waited to find an easy-to-use, affordable option, Rockler’s new HVLP Finishing Sprayer might be the answer.

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via Rockler HVLP Finishing Sprayer

Best Method for Infilling Tabletop Hollow With Epoxy?

I am currently putting together a hollowed-out tabletop with the intent of inserting a ship profile that will be back-filled with clear epoxy.

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via Best Method for Infilling Tabletop Hollow With Epoxy?

Paul Schurch: Marquetry Plus Wood Fashions

During a recent trip to Santa Barbara, California, I was greeted with gloriously floral fresh ocean air, delicious tacos, and a marquetry focused woodshop that is now turning out wooden apparel!  My dear old friend, Michael Cullen, and I were going to visit Paul Schurch, another woodworker and

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via Paul Schurch: Marquetry Plus Wood Fashions

Rohto Pharma invests $5 million in SastaSundar Healthbuddy

NEW DELHI: Japanese firm Rohto Pharmaceutical Co has invested USD 5 million (over Rs 32 crore) to acquire 13 per cent stake in SastaSundar Healthbuddy Ltd. The Indian firm is looking at launching operations in the national capital with plans to expand in 12 states across the country.

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via Rohto Pharma invests $5 million in SastaSundar Healthbuddy

Snapdeal crosses 50-million-mark on Google Play Store

NEW DELHI: Online marketplace Snapdeal on Tuesday announced that it has crossed 50 million downloads on the Google Play Store. Over the last few months, Snapdeal has continually introduced features that make the user's experience faster and relevant.

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via Snapdeal crosses 50-million-mark on Google Play Store

Expect a lot of more of bad news than good in pharma: Deepak Shenoy, Capital Mind

In a chat with ET Now, Deepak Shenoy, Founder, Capital Mind, says some stocks in the metal space continue to be attractive. For instance, Nalco is still lower in terms of price change compared to a Hindalco

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via Expect a lot of more of bad news than good in pharma: Deepak Shenoy, Capital Mind

My Home enters solar power segment with PuREnergy, aims for 50MW projects in a year

HYDERABAD: Abja Power, part of the diversified My Home Group, has forayed into solar power generation in collaboration with a start-up and plans to execute 50 megawatt projects in the next 12 months, said a senior company official.

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via My Home enters solar power segment with PuREnergy, aims for 50MW projects in a year

Good fundamentals prompting funds flow into market: Himanshu Srivastava, Morningstar Advisers India

Talking to ET Now, Himanshu Srivastava, Morningstar Advisers India , says he expects the trend of FIIs pumping in money to continue going forward as well especially for the remaining of 2017. May has been nothing short of spectacular with the markets at new highs.

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via Good fundamentals prompting funds flow into market: Himanshu Srivastava, Morningstar Advisers India

This year we can see double digit growth coming through: Bharat Madan, Escorts

In a chat with ET Now, Bharat Madan , Escorts said that, "We have been able to move up the market share by about 0.5%, so in which terms the markets in north and central India the share has gone up by about 1% last year.

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via This year we can see double digit growth coming through: Bharat Madan, Escorts

2 stocks that will help create wealth in next 3-4 quarters: Rajesh Agarwal, AUM Capital

In a chat with ET Now, Rajesh Agarwal, AUM Capital, says he is bullish on Phillips Carbon Black and Marico. What is the first stock that you will recommend and why?

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via 2 stocks that will help create wealth in next 3-4 quarters: Rajesh Agarwal, AUM Capital

Modi 3.0: NPA and lack of private capex are two misses so far, says DK Joshi, Crisil

Talking to ET Now, DK Joshi, Director & Chief Economist, Crisil, says the good part is that the macro numbers are fairly attractive and that is what is attracting capital into the economy. Let us just talk about the hits and misses on macro level for Modi 3.0.

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via Modi 3.0: NPA and lack of private capex are two misses so far, says DK Joshi, Crisil

TiE Hyderabad-Woxsen B-school launches accelerator program for startups

Hyderabad chapter of The Indus Entrepreneurs (TiE) and Woxsen School of Business together have launched an accelerator program for nurturing start-ups in the city, said a senior executive.

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via TiE Hyderabad-Woxsen B-school launches accelerator program for startups

Indian petrochemical company to increase investment in Egypt

CAIRO: India's largest investor in Egypt's chemical business is planning to increase its investments in the Middle Eastern country to USD 1.5 billion, the company's top executive has said. The petrochemicals giant TCI Sanmar's current investments in Egypt are estimated at USD 1.

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via Indian petrochemical company to increase investment in Egypt

Naspers leads $80 million delivery for Swiggy

BENGALURU: Food ordering and delivery platform Swiggy has closed $80 million (Rs 517 crores approximately) in Series E funding led by Naspers, with participation from existing investors including Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Par

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via Naspers leads $80 million delivery for Swiggy

Buy Dewalt DW810 Angle Grinder Metal Polisher in Metal Polisher - www.ToolDunia.com

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After Kerala and North-East, monsoon to advance more on west coast: KJ Ramesh, IMD

In a chat with ET Now, KJ Ramesh, DG, IMD, says expects monsoon to reach Goa on the west coast by 7th or 8th June. The monsoon has hit the Kerala coast. Can you give us more details as to what we can anticipate and what would be the region wise outlook on the monsoon and rain?

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via After Kerala and North-East, monsoon to advance more on west coast: KJ Ramesh, IMD

We are confident of raising money from domestic and international markets: Kulamani Biswal, NTPC

In a chat with ET Now, Kulamani Biswal , Director-Finance, NTPC said that "NTPC has invested Rs 975 crore in our Ratnagiri gas project, GAIL also invested a similar amount, now we are going for demerger, we are going for separating power business from the gas business." Edited excerpts:

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via We are confident of raising money from domestic and international markets: Kulamani Biswal, NTPC

We would be happy if the crude prices are low: Utpal Bora, Oil India

ET Now: Let us talk about the key highlights for the quarter gone by? Utpal Bora: Actually we had to bear an amount of Rs 1152 crores as a differential royalty payment to the government of Assam and Arunachal Pradesh for the period of February 20114 to March 2016.

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via We would be happy if the crude prices are low: Utpal Bora, Oil India

It is very difficult to predict the crude trajectory: K Sivakumar, BPCL says

In a chat with ET Now, K Sivakumar , Director-Finance, BPCL says, "we see the crude in the range of between 50-55 and definitely it is the geopolitical considerations will determine the price of crude." Edited excerpts: ET Now: Your GRM is at $6.

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via It is very difficult to predict the crude trajectory: K Sivakumar, BPCL says

Making money: Will GST make SMEs more profitable

The arrival of Goods and Services Tax (GST), a single window taxation system, is supposed to help SMEs which are often burdened with taxes and its compliance.

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via Making money: Will GST make SMEs more profitable

Bullish on four themes right now: Shiv Puri, TVF Capital

Talking to E Now, Shiv Puri, Founder & MD, TVF Capital, says continuing to bet on high quality private sector financial firms, HFCs, auto sector and early stage capital goods companies.

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via Bullish on four themes right now: Shiv Puri, TVF Capital

Agarbatti makers seek GST relief

NEW DELHI: From agarbatti makers to publishers of children activity books and pickle makers, everyone is invoking interests of the common man and a possible adverse impact on employment to seek a waiver or reduction in the proposed GST rate.

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via Agarbatti makers seek GST relief

Audio app AmpMe looks to acquire 5 mn users in India

BENGALURU: Canadian startup AmpMe, an audio-syncing app, plans to enter the Indian market between June and July with plans of acquiring smartphone music streaming users through a partnership with leading Indian music streaming apps Gaana, Saavn or Hungama.

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via Audio app AmpMe looks to acquire 5 mn users in India

Carpediem Capital invests Rs 23 cr in medical devices distributor Collateral Medical

BENGALURU: Collateral Medical, a pan-India online distributor of medical devices, has raised $3.5 million (about Rs 23.3 crore) in a Series-A investment from Carpediem Capital.

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via Carpediem Capital invests Rs 23 cr in medical devices distributor Collateral Medical

Logistics tech co LoadShare raises funding from Matrix Partners India

BENGALURU: Logistics technology company LoadShare has raised an undisclosed amount from Matrix Partners India in a pre-Series A round.

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via Logistics tech co LoadShare raises funding from Matrix Partners India

GST rollout: GST Network seeing several cyber threats, taking strong steps to ward them off

BENGALURU: When GST Network (GSTN), in charge of technological infrastructure for the new goods and services tax regime, opened its portal to taxpayer registration in November, it saw Distributed Denial of Service (DDOS) — a cyber attack aimed at disrupting services and bringing down the host syst

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via GST rollout: GST Network seeing several cyber threats, taking strong steps to ward them off

GST: A worry for some ahead of festive sales

NEW DELHI | KOLKATA: Faced with an early festive season, consumer goods and durables companies are concerned about smooth and quick implementation of the goods and services tax (GST), to avoid any negative trade impact in the crucial third quarter.

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via GST: A worry for some ahead of festive sales

Use the dip to add midcaps in these 2 sectors: Deven Choksey

Talking to ET Now, Deven Choksey, MD, KR Choksey Investment Managers, says the price correction in midcaps is ideal for picking up good quality agri related and power T&D stocks. How would you rate BHEL and L&T numbers? The FY18 guidance from L&T is not rosy at all.

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via Use the dip to add midcaps in these 2 sectors: Deven Choksey

Valley bigwigs pour Rs 10 crore into daily consumables startup Supr Daily

MUMBAI: Daily consumables subscription firm Supr Daily has raised Rs 10 crore from a clutch of Silicon Valley heavyweights.

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via Valley bigwigs pour Rs 10 crore into daily consumables startup Supr Daily

Facing flak, iSPIRT shuts down the alleged trolling platform Sudham

BENGALURU: Sharad Sharma, the founder of iSPIRT that has been under attack for anonymously trolling those voicing concerns over Aadhaar, has acknowledged that 'Sudham', which critics alleged was iSPIRT's programme to troll anti-Aadhaar activists, has been dissolved.

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via Facing flak, iSPIRT shuts down the alleged trolling platform Sudham

In a bid to match Swiggy, Zomato plans to deliver on its own

MUMBAI: Online food discovery and delivery platform Zomato is evaluating the option of fulfilling deliveries on its own for a small set of restaurants, said its largest investor Info Edge in a call with analysts.

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via In a bid to match Swiggy, Zomato plans to deliver on its own

Business services provider Quess wants Rs 1,000 crore to expand

BENGALURU: Business services provider Quess Corp plans to raise about Rs 1,000 crore from institutional investors to fund its expansion, including through acquisitions, according to company and banking industry executives aware of the matter.

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via Business services provider Quess wants Rs 1,000 crore to expand

How e-meal vouchers and tech offer you much more than just a lunch

MUMBAI: Remember the days when you would go to a grocer or a cafe and regret not carrying your office meal vouchers that could have been redeemed there? Today with advances in technology you could even check which grocer is giving the best deal against your vouchers even after leaving home.

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via How e-meal vouchers and tech offer you much more than just a lunch

Faircent.com introduces semi-secure student loan product on its platform

Leading P2P lending platform, Faircent.com, on Monday said it has introduced a semi-secure student loan product in collaboration with Bangalore-based micro-lending startups. According to Faircent the product will help students avail fast and easy personal loans at a reasonable cost.

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via Faircent.com introduces semi-secure student loan product on its platform

Struggling Snapdeal gets Rs 113 crore funding

Struggling online retail firm Snapdeal has received Rs113 crore in an emergency financing round from existing investor Nexus Venture Partners and the company’s co-founders Kunal Bahl and Rohit Bansal, according to a Livemint report. Nexus, one of Snapdeal’s earliest backers, has put in Rs96.

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via Struggling Snapdeal gets Rs 113 crore funding

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Hindustan Zinc sets up mining academy to train youth

KOLKATA: Hindustan Zinc (HZL) has set up a mining academy to train youth in mining. The company will invest Rs 30 crore in next 5 years to train some 500 personnel in response to a growing need for skilled technical manpower in the country’s natural resources sector.

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via Hindustan Zinc sets up mining academy to train youth

Bottomfish in midcap IT space: Siddharth Sedani, Anand Rathi

In a chat with ET Now, Siddharth Sedani, VP- Equity Sales Advisory, Anand Rathi, says prefers midcaps in IT Space and in the largecap space, HCL Tech is the only company which has beaten hands down performance of biggies like Infosys or TCS.

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via Bottomfish in midcap IT space: Siddharth Sedani, Anand Rathi

Bullish on 3 pharma largecaps for next year: Sanjiv Bhasin, India Infoline

We were chatting earlier and you believed that the markets are in euphoric territory currently but for the long haul do you think a sharper than expected correction is on the cards? We have held that view above 9300-9350.

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via Bullish on 3 pharma largecaps for next year: Sanjiv Bhasin, India Infoline

Overweight on cyclicals, underweight on defensives in next 2 years: Sanjay Dongre, UTI AMC

Talking to ET Now, Sanjay Dongre , Fund Manager, UTI Asset Management Company , says at this point of time, purely from the risk reward perspective, mid and small caps are not greatly positioned vis-à-vis the largecaps.

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via Overweight on cyclicals, underweight on defensives in next 2 years: Sanjay Dongre, UTI AMC

Queensland says won't oppose infra funds for Adani's coal mine

MELBOURNE: The Queensland government said today it will not oppose any direct infrastructure fund transfer from the Australian federal government for Adani group's controversy-hit Carmichael coal mine project, which is in limbo. "We will not stand in the way of those arrangements.

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via Queensland says won't oppose infra funds for Adani's coal mine

JK Lakshmi Cement eyes double digit sales growth this fiscal

NEW DELHI: JK Lakshmi Cement is targeting double digit sales growth this fiscal with the cement industry likely to benefit from increased demand from infrastructure projects and housing sector.

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via JK Lakshmi Cement eyes double digit sales growth this fiscal

Expect Q4 growth in 7.3-7.7% range: R Kannan, Hinduja Group

Mythili Bhusnurmath, Consulting Editor, ET NOW and R Kannan, Hinduja Group, discuss GST, GDP data coming out and more macro cues.

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via Expect Q4 growth in 7.3-7.7% range: R Kannan, Hinduja Group

E-Commerce deals up after year-long decline

Deals to e-commerce startups worldwide increased for the first time since the first quarter of 2016, reaching 190 deals in the first quarter of 2017. Funding also increased, more than doubling the $2.3 billion seen in Q4 2016.

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via E-Commerce deals up after year-long decline

HP, KPMG introduce 'GST Solution' for traders, MSMEs

NEW DELHI: HP India, in collaboration with KPMG, on Monday launched a secure and affordable invoicing platform called "GST Solution" to help millions of traders and micro, small and medium enterprises (MSMEs) move seamlessly to the new GST regime.

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via HP, KPMG introduce 'GST Solution' for traders, MSMEs

How I got my startup idea

Eureka moment: When she was at IIT Guwahati in 2008, the suicide of a batchmate upset Richa Singh. The classmate hadn't been able to take the pressure. "The college had psychologists, but students were hesitant to get help," she says.

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via How I got my startup idea

Snap acquires drone manufacturing firm for $1 mn

SAN FRANCISCO: Snap Inc, the parent company of popular photo-sharing app Snapchat, has acquired Los Angeles-based small drone manufacturer Ctrl Me Robotics for nearly $1 million.

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via Snap acquires drone manufacturing firm for $1 mn

East Europe's tech entrepreneurs draw investors from across world

Tech entrepreneurs in central and south-eastern Europe, many of whom have experience of launching businesses, are now having more success at enticing global investors the second time around.

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via East Europe's tech entrepreneurs draw investors from across world

We hope Equitas will be amongst the best banks, in terms CASA ratio: Vasudevan PN, Equitas Micro Finance

In a chat with ET Now, Vasudevan PN , MD & CEO, Equitas Micro Finance says,"traditionally microfinance operates at a very lower NPA, normally it is less than 1% and the provisionally it will be typically around 0.5% to 0.75% per annum.

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via We hope Equitas will be amongst the best banks, in terms CASA ratio: Vasudevan PN, Equitas Micro Finance

2 sectors that will generate alpha over 3-5 years: Chintan Haria, ICICI Pru AMC

Accumulate IT and pharma over the next two years while they get beaten down by fear and you can expect bounty in long term as they turn alpha in three to five years , says Chintan Haria, ICICI Pru AMC.

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via 2 sectors that will generate alpha over 3-5 years: Chintan Haria, ICICI Pru AMC

PSP Projects should reach to Rs 1500 crore turnover by 2020: PS Patel, PSP Projects

In a chat with ET Now, PS Patel , Chairman & MD , PSP Projects said the basic difference between his peers and him was that PSP was more known in the Rs 20 crore to Rs 150 crore range. ​ Edited excerpts:

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via PSP Projects should reach to Rs 1500 crore turnover by 2020: PS Patel, PSP Projects

Next 18-24 months, forget pharma, metal could be outliers: Harendra Kumar, Elara Capital

Metal stocks will have a good run over the next two years says Harendra Kumar, MD-Institutional Equities, Elara Capital. Talking to ET Now, Kumar says Hindalco and Tata Steel are the two stocks he is betting on

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via Next 18-24 months, forget pharma, metal could be outliers: Harendra Kumar, Elara Capital

3 stocks that will improve every year from FY18 onwards: Nischal Maheshwari, Edelweiss Securities

Talking to ET Now, Nischal Maheshwari, Head-Institutional Equities, Edelweiss Securities, says two private banks YES Bank and IndusInd Bank and Reliance are his top picks for stocks where FY18 will be better than FY17, FY19 will be better than FY18 and FY20 will be a grand year.

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via 3 stocks that will improve every year from FY18 onwards: Nischal Maheshwari, Edelweiss Securities

East Europe's tech entrepreneurs draw investors from across the world

Tech entrepreneurs in central and south-eastern Europe, many of whom have experience of launching businesses, are now having more success at enticing global investors the second time around.

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via East Europe's tech entrepreneurs draw investors from across the world

How GST impacts FMCG firms

The new Goods and Services Tax (GST) regime will bring several benefits for the economy, and could particularly vitalise the fast-moving consumer goods (FMCG) industry.

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via How GST impacts FMCG firms

Various tax slabs under GST worry traders: CAIT

NEW DELHI: Classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country, Confederation of All India Traders said today.

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via Various tax slabs under GST worry traders: CAIT

Natural gas production will grow quite significantly: DK Sarraf, ONGC

In a chat with ET Now, DK Sarraf , CMD, ONGC said that,"we have been maintaining our capex at about Rs 30,000 crores for last couple of years.This year again we have the same plan of about Rs 30,000 crores." Edited excerpts:

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via Natural gas production will grow quite significantly: DK Sarraf, ONGC

Expect earnings growth from second half of FY18: Rajesh Kothari

Talking to CEO, Rajesh Kothari, CIO, AlfAccurate Advisors, says hold on for longer term and there is significant wealth creation yet to happen.

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via Expect earnings growth from second half of FY18: Rajesh Kothari

How startup founders are compensating employees for lack of job security

When Anuraj Poopathy set up DreamBig, a printing startup in 2015, the first thing he did after landing a customer was buy health insurance for his employees and their families. “They joined me on pure faith.

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via How startup founders are compensating employees for lack of job security

Investopad: How the brother duo are giving young startups a chance

Taking up the baton in a family business comes with its own sets of challenges, and these struggles are perhaps magnified for first generation entrepreneurs starting from scratch.

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via Investopad: How the brother duo are giving young startups a chance

Unitus Seed Fund hires Milind Shah as healthcare venture partner

NEW DELHI: Early-stage impact-focused venture fund Unitus Seed Fund has roped in Milind Shah, the India managing director of global healthcare company Medtronic as its healthcare venture partner.

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via Unitus Seed Fund hires Milind Shah as healthcare venture partner

Brookfield Asset Management in talks to buy towers of Idea, Vodafone

MUMBAI: Canadian alternative asset manager Brookfield Asset Management is in advanced talks with Idea Cellular and Vodafone India to buy the standalone telecom towers business of the two mobile phone companies in a combined deal, three people familiar with the matter said.

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via Brookfield Asset Management in talks to buy towers of Idea, Vodafone

Flipkart launches another 'Summer Sale' with up to 80% discounts as e-commerce battle intensifies

Flipkart's second summer sale following the four-day Big 10 sale two weeks back may be relatively muted in its launch, but like the previous one, is pulling out all stops to offer customers enviable deals.

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via Flipkart launches another 'Summer Sale' with up to 80% discounts as e-commerce battle intensifies

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We see Nifty at 10,350, rupee at 62 by year-end: Laurence Balanco, CLSA

Indian markets look constructive on charts from a longer term perspective, with the Nifty likely to test 10,350 lev els by the end of this year, said Laurence Balanco, global technical analyst at CLSA.

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via We see Nifty at 10,350, rupee at 62 by year-end: Laurence Balanco, CLSA

Is China outsmarting America in AI?

HONG KONG: Sören Schwertfeger finished his postdoctorate research on autonomous robots in Germany , and seemed set to go to Europe or the US, where artificial intelligence was pioneered and established. Instead, he went to China.

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via Is China outsmarting America in AI?

PayU India wants $100-million in its wallet this fiscal

NEW DELHI: PayU India, the domestic arm of the Naspers-owned payment service provider, is targeting revenue of $100 million by the end of this fiscal year, which, if achieved, will make the country the largest market for the fintech company.

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via PayU India wants $100-million in its wallet this fiscal

Startups like SaleBhai, Sagoon raise capital from customers

MUMBAI: Some investors may have become wary and tight-fisted over the past year, but startups have discovered they can always turn to their customers for funds. Last year, SaleBhai, an online marketplace for sweets and snacks, raised Rs 25 crore from customers in two fundraising rounds.

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via Startups like SaleBhai, Sagoon raise capital from customers

Amazon Pay plans to sign up with govt bodies for bigger cut of payments

BENGALURU: US-based online retailer Amazon is looking to ramp up its payment play in the Indian market, as it plans to sign up government institutions such as electricity boards and insurance companies to create use cases for Amazon Pay outside its online marketplace.

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via Amazon Pay plans to sign up with govt bodies for bigger cut of payments

Helion's Rahul Chandra floats a $100-million venture capital

BENGALURU: Helion Venture Partners' managing director Rahul Chandra has floated a new venture capital called Unitary Helion, which is planning to raise a $100-million fund focused on deals in the financial technology space.

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via Helion's Rahul Chandra floats a $100-million venture capital

OYO plans to hire 5,000 people in eight months

MUMBAI: Budget hotel room aggregator OYO Rooms, which is tweaking its asset-light marketplace model to add a full-stack hotelier model, will hire 5,000 people over the next eight months, a person with knowledge of the plans said.

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via OYO plans to hire 5,000 people in eight months

ePayLater to Help IRCTC in providing buy now, pay later service.

BENGALURU: Mumbai-based fintech company ePayLater has partnered with IRCTC to offer the 'buy now, pay later' service. This will allow eligible customers to purchase railway tickets without making a payment at the time of the transaction.

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via ePayLater to Help IRCTC in providing buy now, pay later service.

Startup fund looks for fresh capital infusion

NEW DELHI: The Fund of Funds (FoF) created by the government for pumping money into startups is in need of a fresh infusion.

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via Startup fund looks for fresh capital infusion

High GST on cement is a missed opportunity to spur growth: CMA

NEW DELHI: The government has missed out on an opportunity to spur growth of the struggling cement and housing segment by putting the commodity at the highest tax slab of 28 per cent under GST, according to industry body CMA.

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via High GST on cement is a missed opportunity to spur growth: CMA

Indian on right path to becoming global steel player: ISA

NEW DELHI: India turned net exporter of steel this year and the trend is expected to continue as the metal's quality has become globally competitive, according to Indian Steel Association. This the beginning for India to become a global player, the association said.

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via Indian on right path to becoming global steel player: ISA

DLF's sales booking down 63 per cent at Rs 1,160 cr in FY17

NEW DELHI: Realty major DLF's net sales bookings fell sharply by 63 per cent to Rs 1,160 crore during the last fiscal due to demand slowdown in the property market.

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via DLF's sales booking down 63 per cent at Rs 1,160 cr in FY17

Mother of Uber CEO Travis Kalanick killed in California boating accident

The mother of ride-hailing firm Uber's chief executive has died in a boating accident near Fresno, California on Friday, the Fresno County Sheriff's Office said on Saturday Uber CEO Travis Kalanick's parents Bonnie Kalanick, 71, and Donald Kalanick were on Pine Flat Lake when their boat struck a roc

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via Mother of Uber CEO Travis Kalanick killed in California boating accident

What a bunch of Indian startups have in common with Elon Musk's Tesla: Energy-efficiency ventures

Three hundred and fifty million Indians could enjoy uninterrupted electricity supply if factories and other commercial establishments wasted it less, a brighteyed Arjun Gupta surmised in his report as a research assistant at the Lawrence Berkeley National Laboratory in Berkeley, California, one of t

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via What a bunch of Indian startups have in common with Elon Musk's Tesla: Energy-efficiency ventures

Why MobiKwik is attempting to morph into a financial services provider

The chances of beating the odds, reckons Bipin Preet Singh, increase manifold for an “underdog”. The cofounder of India’s second largest mobile wallet, MobiKwik, knows the kind of odds stacked against him: the Alibaba-backed largest wallet player Paytm, which recently raised $1.

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via Why MobiKwik is attempting to morph into a financial services provider

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Remain long and buy on dips: Dr CK Narayan, Chart Advise

In a chat with ET Now, Dr CK Narayan, Founder, Chart Advise, says the market is signalling a great deal of strength and we should respect that and should remain steadfastly long in. What is the call that you are making on the index?

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via Remain long and buy on dips: Dr CK Narayan, Chart Advise

Synchronised global macro giving legs to risk-on rally: Ajay Bagga

In a chat with ET Now, Ajay Bagga, Market Expert, says dollar index going down consistently is helping the risk assets but geopolitical developments remain the biggest risk. You ended on the question mark.

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via Synchronised global macro giving legs to risk-on rally: Ajay Bagga

Uber's new pricing model charges some passengers more

Uber drivers have been complaining that the gap between the fare a rider pays and what the driver receives is getting wider. After months of unsatisfying answers, Uber Technologies Inc. is providing an explanation: It’s charging some passengers more because it needs the extra cash.

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via Uber's new pricing model charges some passengers more

We want to buy growth, not recovery: Karan Bhagat, IIFL Wealth & Asset Management

Talking to Nikunj Dalmia of ET News, Karan Bhagat, Founder, MD & CEO, IIFL Wealth & Asset Management, says he will stick to quality and in some sectors definitely it is not only about picking up the right smallcap or the mid-cap stock, it is also about the big becoming bigger.

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via We want to buy growth, not recovery: Karan Bhagat, IIFL Wealth & Asset Management

Acquisitions accelerate as tech giants seek to build AI smarts

SAN FRANCISCO: A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights.

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via Acquisitions accelerate as tech giants seek to build AI smarts

Seven awesome apps and hacks to improve office productivity

Whether you are doing a nine-to-five job or running a business, being productive is a must. But with the profusion of technology, information, websites, apps, and work pressure, staying focused and organized is becoming difficult.

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via Seven awesome apps and hacks to improve office productivity

Five small financial mistakes that you should nip in the bud

Handling finances, personal or a company's, involves so many things that it is easy to make small mistakes. However, there are some mistakes that can have big repercussions and one should guard against. Listed below are five common small mistakes that most make.

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via Five small financial mistakes that you should nip in the bud

Do payment wallets have a business case for India? If not, what's next for them?

MUMBAI: The payments ecosystem, much like food-ordering and ecommerce marketplaces, has the life expectancy of a character from a George RR Martin novel: high mortality and fast-changing fortunes, are a given.

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via Do payment wallets have a business case for India? If not, what's next for them?

It continues to be a goldilocks scenario for India: Karan Bhagat, IIFL Wealth & Asset Management

Talking to Nikunj Dalmia of ET News, Karan Bhagat, Founder, MD & CEO, IIFL Wealth & Asset Management, says it is a goldilocks scenario for India in terms of emerging markets.

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via It continues to be a goldilocks scenario for India: Karan Bhagat, IIFL Wealth & Asset Management

Google will soon find you a job as the tech giant refines its mastery over AI

Looks like Google I/O, their annual developer conference is now likely to stay at their backyard at Shoreline Amphitheatre as opposed to Moscone center in San Francisco where eight of their previous conferences were held.

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via Google will soon find you a job as the tech giant refines its mastery over AI

What happened when women in rural India wanted to use payment apps

MUMBAI: If one is even a tiny bit of a Luddite, the mere thought of using online mechanisms to carry out day-to-day transactions ought to be terrifying. Losing humanity to Facebook and its kind was bad enough.

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via What happened when women in rural India wanted to use payment apps

Why you must install an anti-virus and not trust e-wallets with safety

DELHI & MUMBAI: Sonam Chauhan follows a strict thumb rule when it comes to mobile wallets: never park more money. The reason: Last August, her account was hacked and Rs 9,000 'vanished' in a few seconds.

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via Why you must install an anti-virus and not trust e-wallets with safety

For mobile wallet players, it's survival of the fittest, not the fastest

DELHI: Pictures might tell a story, but numbers instil life into it. Take, for instance, mobile wallet startup MobiKwik. Since last November, it's been adding 10,000 merchants every day.

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via For mobile wallet players, it's survival of the fittest, not the fastest

Infosys, HDFC, Big 4 in queue with startups for GST Suvidha Providers licence

BENGALURU: The new Goods and Services Tax regime is attracting businesses from across sectors, with Infosys, HDFC Bank, audit firms and startups joining a long queue of applicants seeking to offer tax-filing solutions to as many as 8 million entities.

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via Infosys, HDFC, Big 4 in queue with startups for GST Suvidha Providers licence

Government to allay India Inc's GST fears via interactive sessions

NEW DELHI: The government will soon call companies from specific industry groups to explain how the goods and services tax (GST) will lead to a decrease in the taxes they’ll need to pay and hear them out.

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via Government to allay India Inc's GST fears via interactive sessions

Invest in a staggered way over next few weeks: Mayuresh Joshi, Angel Broking

In a chat with ET Now, Mayuresh Joshi, Fund Manager, Angel Broking, says any sharp correction into the markets is going to get bought into and that stands out in terms of the largecap universe or selectively qualitative mid-cap names as well.

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via Invest in a staggered way over next few weeks: Mayuresh Joshi, Angel Broking

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E-taxi policy may incentivise both aggregators and drivers

New Delhi: The government may soon drive in a separate electric taxi policy for cab aggregators, under which fleet owners as well as driver partners will be incentivised for running cabs on electric mobility.

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via E-taxi policy may incentivise both aggregators and drivers

State Bank of India suspends car loans for Uber and Ola

Mumbai|New Delhi: The State Bank of India has suspended car loans for Uber and Ola taxis across most of the country amid a rise in defaults by their drivers .

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via State Bank of India suspends car loans for Uber and Ola

SoftBank nominates Rajeev Misra, its $100-billion Vision Fund CEO, to board

NEW DELHI: SoftBank Group has nominated India-born Rajeev Misra, the chief executive of its mega $100-billion technology-focused Vision Fund, to its board, the Tokyo-based telecom-to-technology investor announced on Friday.

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via SoftBank nominates Rajeev Misra, its $100-billion Vision Fund CEO, to board

Airbnb co-founder debuts snap-together furniture line at ICFF 2017

NEW YORK - Airbnb and office furniture collided this week at New York's 2017 International Contemporary Furniture Fair (ICFF) when Airbnb co-founder Joe Gebbia unveiled a 38-piece snap-together furniture collection.

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via Airbnb co-founder debuts snap-together furniture line at ICFF 2017

Government in talks with SoftBank for funding 2 lakh e-buses

NAGPUR: To promote electric vehicles on a mass scale, the government is holding initial talks with Japanese investment firm SoftBank for low interest funding of 2 lakh electric buses for public transport, Union Minister Nitin Gadkari said here today.

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via Government in talks with SoftBank for funding 2 lakh e-buses

Excessive lead paint forces massive Pier 1 chair recall

WASHINGTON - Pier 1 Imports, the Texas-based retailer of imported home furniture, is recalling 2,575 of its Temani wicker outdoor pieces sold in the U.S. and Canada due to a violation of federal lead paint standard.   Containing an excessive amount of lead   The U.S.

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via Excessive lead paint forces massive Pier 1 chair recall

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How to Start a Landscaping Business

Lawns may be going away, but landscaping is not. In fact, beautifying an area of your yard without adding considerable amounts of the green stuff can be quite the challenge. If you have an eye for shaping landscapes to complement homes and commercial buildings, there’s money to be made.

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Kerala startup launches new technology to help people in distress

KOCHI: A Kerala based start-up V -Care 24X7 has come out with a novel technology to help those in emergencies with the click of a button, which it claims to be the first of its kind in the country.

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via Kerala startup launches new technology to help people in distress

Very pleased with the BJP government: Anil Agarwal, Vedanta

In an interview with the ET Now, Anil Agarwal of Vedanta said that he is very pleased with the BJP government for their focus on natural resources and exhorted the administration to go ahead with the disinvestment process.

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via Very pleased with the BJP government: Anil Agarwal, Vedanta

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Pharma looking much worse than IT: Vallabh Bhanshali, Chairman, Enam Group

In the next 12 months, India will see higher growth as more investment will come, believes Vallabh Bhanshali , Chairman of Enam Group. In an interview with ET Now, he also cautioned investors against an euphoric market. Here is an Edited Excerpt of that interview.

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via Pharma looking much worse than IT: Vallabh Bhanshali, Chairman, Enam Group

No royalty holiday for Adani's coal mine in Australia

MELBOURNE: The Queensland government today decided not to grant a royalty holiday to Adani's controversy- hit Carmichael mine project in Australia, a setback to the Indian energy giant which said it would review the Cabinet's decision.

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via No royalty holiday for Adani's coal mine in Australia

SoftBank inducts India-born Rajeev Misra in its board of directors

A week after launching its $100 billion Vision Fund, SoftBank on Friday announced the induction of the fund's head Rajiv Misra into the company's Board of Members. India-born Misra currently holds the position of the chief executive officer of SoftBank Investment Advisers.

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via SoftBank inducts India-born Rajeev Misra in its board of directors

It is not going to be all smooth-sailing from here: Lalit Nambiar, UTI Mutual Fund

Talking to ET Now, Lalit Nambiar, Senior Vice President & Fund Manager - Equity, UTI Mutual Fund, says metals is coming out of a very bad phase to a not so bad phase and that is probably being seen in the stock prices and the multiples.

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via It is not going to be all smooth-sailing from here: Lalit Nambiar, UTI Mutual Fund

Investors are confident about Modi government’s reformist ways: Nirmal Jain, IIFL

Talking to ET Now, Nirmal Jain, Chairman, IIFL, says the government is getting confident, people are getting confidence in the government and so it is a good situation to be in.

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via Investors are confident about Modi government’s reformist ways: Nirmal Jain, IIFL

2 stocks ideas for wealth creation: Avinnash Gorakssakar, Joindre Capital

In a chat with ET Now, Avinnash Gorakssakar, Joindre Capital, sys Dewan Housing Finance and Pushkar Chemicals & Fertlisers are two stocks he is betting on with a time period of 12-18 months. What is your number one wealth creation idea?

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via 2 stocks ideas for wealth creation: Avinnash Gorakssakar, Joindre Capital

JSPL to commission India's largest blast furnace taking capacity to 6 million tonnes

BHUBANESWAR: Jindal Steel and Power (JSPL) is ready to commission India’s largest blast furnace taking its capacity at Angul to 6 million tonnes of steel annually, past everyone else in Odisha.

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via JSPL to commission India's largest blast furnace taking capacity to 6 million tonnes

Buy on dips as flows into financial assets are strong: Atul Bhole, DSP Blackrock

Strong flows into financial assets will ensure any market corrections are bought into, says Atul Bhole, Vice President-Investments at DSP Blackrock in an interview. The way the market is moving ahead, do you feel there is complacency in the market? Is any correction on the cards?

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via Buy on dips as flows into financial assets are strong: Atul Bhole, DSP Blackrock

There are opportunities in metals, infra: Amandeep Chopra, UTI MF

In a chat with ET Now, Amandeep Chopra, Group President & Head - Fixed Income, UTI MF, says the credit cycle has bottomed out and is improving and we do see enough opportunities. There is a crucial meet today that the RBI is having with a bunch of bankers.

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via There are opportunities in metals, infra: Amandeep Chopra, UTI MF

Not looking at investing start-ups: Madhavan Menon, Chairman & MD, Thomas Cook (India)

Thomas Cook (India) is building an omni channel presence for travel products and right now it is acquiring technology that allows it to function both in online as well as in the brick and mortar spaces, said Madhavan Menon , Chairman & MD, Thomas Cook (India), in an interview to ET Now.

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via Not looking at investing start-ups: Madhavan Menon, Chairman & MD, Thomas Cook (India)

Stay invested and keep on investing regularly: Krishna Kumar Karwa, Emkay Global Financial

In a chat with ET Now, Krishna Kumar Karwa, MD, Emkay Global Financial, says investors should be looking at more from longer term perspective and looking at more compounded returns than worrying about the short term. Edited excerpts: Markets are stretched, global markets are shaky.

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via Stay invested and keep on investing regularly: Krishna Kumar Karwa, Emkay Global Financial

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India is well positioned in the cotton space: KK Lalpuria, ED, Indo Count Industries

In an interview with ET Now, KK Lalpuria, ED, Indo Count Industries said that with changing lifestyle, the made ups are well positioned for the upcoming years. The next three years look quite positive with the kind of government we have.

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via India is well positioned in the cotton space: KK Lalpuria, ED, Indo Count Industries

Govt includes non-tech companies under startups

CHENNAI/MUMBAI: Entities having a scaleable business model, which has a 'high' potential of employment generation or wealth creation, can now be eligible for recognition as a startup.

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via Govt includes non-tech companies under startups

My biggest multibagger pick has been Narendra Modi: Porinju Veliyath

Talking to ET New, Porinju Veliyath, MD, Equity Intelligence India, says nobody can be bearish on India and its economy for the next at least three-years’ time. I remember the first time we met about 10 years back.

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via My biggest multibagger pick has been Narendra Modi: Porinju Veliyath

In rush to be GST ready, companies leaving security loopholes

MUMBAI: On the surface, the link between the Goods and Services Tax (GST), India’s biggest-ever tax reform, and ransomware Wanna-Cry appears tenuous.

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via In rush to be GST ready, companies leaving security loopholes

How Goods and Service tax will benefit the nation

After a long wait of 10 years, the goods and services tax (GST) is now a reality. Most of the work required for implementation of GST from July 1 has been completed. Trade and industry outreach programmes are in full swing.

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via How Goods and Service tax will benefit the nation

Consolidation of banks needn't be based on balance sheets: Rohit Sawhney, India Ratings

The Indian economy is doing well though there are some pain points, such as the high NPAs in the banking sector, which will take three to four years to resolve, Rohit Sawhney , CEO of credit rating agency India Ratings , told Joel Rebello and MC Govardhana Rangan in an interview.

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via Consolidation of banks needn't be based on balance sheets: Rohit Sawhney, India Ratings

PharmEasy looks to hire 200 people in next three months

BENGALURU: Pharmacy aggregator PharmEasy is hiring for its top deck as it looks to rejig its technology stack. The company has hired Nishu Goyal as its chief technology officer. Goyal previously led the engineering team at global ecommerce retailer Fab.com.

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via PharmEasy looks to hire 200 people in next three months

Quikr is in talks to buy Babajob

BENGALURU: Online classifieds portal Quikr is in advanced talks to acquire Babajob, which connects blue-collar workers, said two sources familiar with the development.

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via Quikr is in talks to buy Babajob

Krishnamurthy takes charge of Flipkart HR

BENGALURU: The human resource department at Flipkart, India's largest ecommerce company, will now report directly to chief executive officer Kalyan Krishnamurthy.

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via Krishnamurthy takes charge of Flipkart HR

Just Dial goes back to the basics to spur growth

MUMBAI: At a time when innovation is king for online businesses to beat the competition and stay ahead in the numbers game, one of India's oldest and the first listed online classifieds player Just Dial is going back to the basics to spur growth.

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via Just Dial goes back to the basics to spur growth

Indian richie rich saddened by Tesla Model 3's delayed India entry

NEW DELHI: Tesla chief Elon Musk may have hinted at a likely delay in the proposed launch of his company’s much-awaited Model 3 in India, but that has in no way diminished the fevered anticipation among Indian technology entrepreneurs and executives who have signed up to buy the iconic vehicle.

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via Indian richie rich saddened by Tesla Model 3's delayed India entry

Mining companies need innovation to catch up: Survey

MUMBAI: The beleaguered mining industry is banking on “disruptive innovation” to achieve the government's vision of selfsufficiency and this burden lies on the companies, according to a survey by the University of Western Australia and global consulting firm VCI.

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via Mining companies need innovation to catch up: Survey

Ex-employees petition Snapdeal; fear their esops may go worthless

BENGALURU | MUMBAI: A group of former Snapdeal employees are asking the Delhi-based company what the worth of their employee stock options will be once the beleaguered company is sold to market leader Flipkart at a steep discount and investors snag the first payouts from the estimated sale proceed o

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via Ex-employees petition Snapdeal; fear their esops may go worthless

This startup is eyeing a healthy dose of medical tourism

BENGALURU: When Shashank Shrivastava spent almost three months at a hospital in Mumbai in 2014 taking care of his grandfather, he met patients from various parts of the world, including Bangladesh and Africa.

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via This startup is eyeing a healthy dose of medical tourism

Ikea appoints new CEO after Agnefjall resigns

LEIDIN, The Netherlands - Company veteran Jesper Brodin will lead the Swedish furniture giant starting in September, when he takes over as president and CEO. Brodin will replace Peter Agnejfall, who will leave the company.

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via Ikea appoints new CEO after Agnefjall resigns

Family office of Lahari Music invests in two startups

NEWDELHI: The family office of Lahari Music, one of South India’s record labels, invested an undisclosed amount in two startups, a move that is aimed at diversifying its businesses beyond music.

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via Family office of Lahari Music invests in two startups

JSPL forays into emission control manufacturing in India

NEW DELHI: Jindal Steel and Power subsidiary Power Plant Engineers has forayed into emission control manufacturing by signing a technical cooperation agreement with Germany's VPC.

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via JSPL forays into emission control manufacturing in India

Nalco targets 700 crore more in revenue this fiscal

KOLKATA: National Aluminium Company Limited (Nalco) has targeted a revenue of Rs 8,100 crore from operations in 2017-18, which is nearly Rs 700 crore higher than the previous year, according to a MoU signed between the company and the union mines ministry for the current financial year.

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via Nalco targets 700 crore more in revenue this fiscal

Digitally-engaged SMBs grow twice in comparison to offline: Google-KPMG study

CHANDIGARH: To empower small and medium businesses, Google India today showcased a range of programs and products in Chandigarh region for the SMBs through which they can leverage the power of internet and technology to become successful.

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via Digitally-engaged SMBs grow twice in comparison to offline: Google-KPMG study

Government tweaks startup definition, benefits to now flow for 7 years

NEW DELHI: The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan.

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via Government tweaks startup definition, benefits to now flow for 7 years

Knowledge hub for women entrepreneurs launched

NEW DELHI: There are lot of women who want to become entrepreneurs, but quite often struggle to get right information on how to go about starting, running and scaling their ventures. Now women entrepreneurs across the globe have a new online address, www.weatwork.

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via Knowledge hub for women entrepreneurs launched

Laser Accuracy with the Bosch Blaze GLM 42

Among the EHT staff’s favorite modern tool innovations is the laser measuring devices that are suited for the light-duty contractor and DIY’er. These tools are also called distance-meters, ranger finders or laser “tape” measures, depending on manufacturer (or construction crew).

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via Laser Accuracy with the Bosch Blaze GLM 42

Lower tax on coal under GST to help CIL clear stockpile: Official

NEW DELHI: The 5 per cent GST on coal will help state-owned CIL to find consumers for its 62 million tonnes of stock piled up at its pithead, an official said. Coal pithead is where the mine is located and the mined coal is kept usually before being transported to power companies.

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via Lower tax on coal under GST to help CIL clear stockpile: Official

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SAIL supplied 30,000 tonnes of steel to country’s longest bridge

KOLKATA: Steel Authority of India Ltd. (SAIL) supplied most of the steel that went into construction of the country’s longest bridge 'Dhola-Sadiya’ built on river Lohit in Assam.

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via SAIL supplied 30,000 tonnes of steel to country’s longest bridge

3 stocks to take a bet on at this level: Neeraj Dewan, Quantum Securities

In a chat with ET Now, Neeraj Dewan, Quantum Securities, points out that Jamna Auto, Jindal Stainless and Venky’s are his three favourites as these have come out with god results and also have gone through a price correction. It is a breath-taking move.

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via 3 stocks to take a bet on at this level: Neeraj Dewan, Quantum Securities

GST: Anyone whose rate has gone up is going to complain, says Arvind Subramanian

Talking to ET Now, Arvind Subramanian, CEA, Ministry of Finance, says we need to bring in land and real estate, health, education, power and petroleum under GST. GST is all set to roll out on July 1. What is your view on the tax rates that have been fixed so far?

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via GST: Anyone whose rate has gone up is going to complain, says Arvind Subramanian

ixigo claims it is the most used travel app

NEW DELHI: Ixigo said that its train app has become India's most used train travel app with over 20 million cumulative installs and 5 million monthly active users.

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via ixigo claims it is the most used travel app

Believe it! There's a new, sustainable home in town

BENGALURU: Rajat Kukreja, the founder of Cuckoo Hostel ­ a community living and learning space in Kormangala ­ has been living in a house that cost just Rs 50,000 to build. His 100-sqft micro home has amenities including a bed, study table, basic electric connection and appliances.

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via Believe it! There's a new, sustainable home in town

CallHealth in talks with insurers to help bring down claims ratio

HYDERABAD: CallHealth, an integrated healthcare services startup, is in talks with insurers to help them value-add preventive care services to customers. The move aims to improve wellness, helping insurers significantly bring down claims ratio and eventually the cost of health insurance.

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via CallHealth in talks with insurers to help bring down claims ratio

Post-note ban 12.54 lakh PoS terminals added in Q4

NEW DELHI: Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.

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via Post-note ban 12.54 lakh PoS terminals added in Q4

I’ll still say Sensex will reach 100,000 by 2024: Mark Galasiewski, Elliott Wave International

Give us the levels to watch out for and what are the Sensex targets that you are forecasting? The Sensex and Nifty are both in very long-term uptrends.

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via I’ll still say Sensex will reach 100,000 by 2024: Mark Galasiewski, Elliott Wave International

We are not seeing gross capital formation taking place in the economy: Nasser Munjee, DCB Bank

In a chat with ET Now, Nasser Munjee , Chairman, DCB Bank said that," we do not intend to change the profile of our lending as we see that the economy is changing." Edited excerpts: ET Now: Now the bank has recently raised capital of about 380 to about 400 crore.

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via We are not seeing gross capital formation taking place in the economy: Nasser Munjee, DCB Bank

It is time to buy risk but be cautious on smallcaps and midcaps: Karan Bhagat, IIFL Wealth & Asset Management

In a chat with ET Now, Karan Bhagat, Founder, MD & CEO, IIFL Wealth & Asset Management, says in these kind of markets, you not only need to get your exit right, you also need to get your entry back in right. What do you think of the markets at this juncture?

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via It is time to buy risk but be cautious on smallcaps and midcaps: Karan Bhagat, IIFL Wealth & Asset Management

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