Pi Datacenters in talks to raise $90 million for expansion

AMARAVATI: Cloud infrastructure provider Pi Datacenters is in talks with existing and new investors to raise $90 million (about Rs 575 crore) in series-B funding to fuel its expansion plans.

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via Pi Datacenters in talks to raise $90 million for expansion

Facebook acquires AI startup to make Messenger smarter

SAN FRANCISCO: To build out a more elaborate personal assistant for the Messenger users, Facebook has acquired an artificial intelligence (AI) startup Ozlo that specialises in understanding text-based conversations.

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via Facebook acquires AI startup to make Messenger smarter

Seed funding slows in Silicon Valley

SAN FRANCISCO: The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging US technology companies.

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via Seed funding slows in Silicon Valley

Flipkart completes eBay India merger

NEW DELHI: E-commerce major Flipkart on Tuesday said it has completed the merger with eBay India's operations. With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised $1.

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via Flipkart completes eBay India merger

Forget about your next free slice of Domino's pizza, companies will now be taxed on freebies

NEW DELHI: There's no such thing as free pizza — or 'free' anything — under GST, it would appear.

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via Forget about your next free slice of Domino's pizza, companies will now be taxed on freebies

IGST collection from imports rises about 60% in just one month of GST

NEW DELHI: The collection of Integrated Goods and Services Tax from imports crossed Rs 20,000 crore in July — the first month of the roll out of the new indirect tax regime, pointing towards a major jump in revenues.

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via IGST collection from imports rises about 60% in just one month of GST

3 key stocks to be in focus today: Yogesh Mehta, Motilal Oswal Securities

Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities , says Bharat Electronics, SBI and Shriram Transport Finance are the three stocks that will be in momentum today. What do you make of the InterGlobe Aviation numbers?

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via 3 key stocks to be in focus today: Yogesh Mehta, Motilal Oswal Securities

Indian startups scurry to learn from Silicon Valley scandals

As a spate of sexual harassment scandals rock Silicon Valley, half a world away in Bangalore startups are developing plans and strategies to avoid a similar disaster.

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via Indian startups scurry to learn from Silicon Valley scandals

SoftBank fund is said to be in talks to invest $2 billion in Flipkart

SoftBank Vision Fund, the technology investor founded by Masayoshi Son, is in talks to invest directly in India's Flipkart Online Services Pvt, according to people familiar with the matter, after talks to fold SoftBank-backed Snapdeal into Flipkart fell apart.

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via SoftBank fund is said to be in talks to invest $2 billion in Flipkart

Automation to take away jobs massively over next five years: Report

Professional training company Simplilearn has come up with a report titled How Automation is Changing Work ChoicesThe Future of IT Jobs in India, which says that jobs such as manual testing, infrastructure management, BPO and system maintenance will massively decline over the next five years.

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via Automation to take away jobs massively over next five years: Report

General direction of Modi's reforms has been positive: Randall Kroszner, University of Chicago

It will be valuable for the Fed to start cutting its balance sheet sooner rather than later so that they can do it gently in the back ground without scaring the mar kets like in 2013, said Randall S Kroszner , an economics professor at the University of Chicago's Booth School of Business.

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via General direction of Modi's reforms has been positive: Randall Kroszner, University of Chicago

InnoVen Capital appoints Chin Chao as interim CEO for India operations

MUMBAI: India's largest venture debt firm InnoVen Capital has appointed Chin Chao, chief executive officer of InnoVen, Singapore and Southeast Asia, as the interim CEO for its India operations.

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via InnoVen Capital appoints Chin Chao as interim CEO for India operations

Nandan Nilekani helped us get the right message out: Viral Shah, Julia Computing

In the run-up to the grand finale of the ET Startup Awards 2017, your favourite paper presents a special series on the lessons that some of India's most celebrated entrepreneurs have learnt from their mentors. I reach out to Nandan Nilekani quite often for various inputs.

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via Nandan Nilekani helped us get the right message out: Viral Shah, Julia Computing

Employees get the unkindest cut in Snapdeal 2.0 Reboot

BENGALURU | NEW DELHI: After snubbing the offer made by Flip snubbing the offer made by Flipkart and mediated by primary investor SoftBank, Snapdeal's parent Jasper Infotech has been hard at work chalking out a survival plan that likely entails letting go of a significant portion of its workforce.

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via Employees get the unkindest cut in Snapdeal 2.0 Reboot

How Kunal Bahl sold the idea of Snapdeal 2.0 and what's in store

NEW DELHI: It was a lengthy Power-Point presentation with more than 100 slides and inundated with pie charts, line graphs, column charts, scatter graphs and data points. That was the earliest prototype of Snapdeal 2.

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via How Kunal Bahl sold the idea of Snapdeal 2.0 and what's in store

VIDEO: Test Fit and Gluing Through Dovetails

How to test the fit of the through dovetail joints before final assembly and how to make dovetail clamping cauls that apply clamping force to the joint.

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via VIDEO: Test Fit and Gluing Through Dovetails

VIDEO: How to Saw Through Dovetail Tail Boards

In this In this episode of Hand Cutting Dovetails series, Ernie shows you how to saw the tails for a through dovetail joint. after making the saw cuts, he demonstrates how to use a chisel to remove the waste.

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via VIDEO: How to Saw Through Dovetail Tail Boards

Not the end: Can unhappy shareholders bring Snapdeal-Flipkart deal back to life?

Hours after Snapdeal announced it was ending merger talks with Flipkart and going solo, many shareholders of the company are voicing their concerns and have sent out emails regarding their disappointment with the deal being called off.

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via Not the end: Can unhappy shareholders bring Snapdeal-Flipkart deal back to life?

Here's what Snapdeal founders told employees after terminating the Flipkart deal

After snubbing rival Flipkart's offer to acquire the company, Snapdeal co-founder Kunal Bahl has assured employees of a second coming as the 'champion of all sellers'. He also said that Snapdeal 2.0 is set to clock in gross profits of Rs 150 crore over the next 12 months.

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via Here's what Snapdeal founders told employees after terminating the Flipkart deal

VIDEO: Transferring Through Dovetail Pin Layout

In this In this episode of Hand Cutting Dovetails series, Ernie shows you how to transfer the through dovetail  pin layout to the tail board. The dovetail may be the most iconic joint in woodworking. It is the perfect marriage of form and function – both strong and attractive.

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via VIDEO: Transferring Through Dovetail Pin Layout

VIDEO: Through Dovetail Pins – Chiseling the Waste

In this In this episode of Hand Cutting Dovetails series, Ernie shows you how to chisel the waste out when making the pins for a through dovetail joint. You’ll learn the chisel techniques Ernie uses to accurately chisel out the waste around the pins.

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via VIDEO: Through Dovetail Pins – Chiseling the Waste

VIDEO: Through Dovetails – Making the Pins – Pt. 1

In this In this episode of Hand Cutting Dovetails series, Ernie shows you how to saw and chop out the pins for a through dovetail joint. You’ll learn how Ernie likes to clamp the work pieces to the bench, how he saws the sides of the pins and how he sets up to chisel out the waste.

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via VIDEO: Through Dovetails – Making the Pins – Pt. 1

VIDEO: How to Lay Out Through Dovetails

The most common and simplest kind of dovetail joint is called a through dovetail. A through dovetail features pins that extend through the tails. In this In this episode of Hand Cutting Dovetails series, Ernie shows you how to lay out a through dovetail.

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via VIDEO: How to Lay Out Through Dovetails

IDCO sends Essar Steel and Essar power notices for pending land rent dues

BHUBANESHWAR: Industrial Development Corporation Odisha (IDCO) has issued a show-cause notice to Essar Steel and Essar Power for non-deposit of rent and cess dues to the tune of Rs 1.39 crore and Rs 25 lakh respectively.

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via IDCO sends Essar Steel and Essar power notices for pending land rent dues

VIDEO: Tools for Hand Cutting Dovetail Joints

It’s easier to cut dovetail joints that fit well and look nice when you have the right tools. In this episode of the Hand Cutting Dovetails series, Ernie shows you the tools that he uses to layout and cut dovetail joints.

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via VIDEO: Tools for Hand Cutting Dovetail Joints

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Disappointed & shocked with Snapdeal founders: Vani Kola to ET Now

Kalaari Capital managing director Vani Kola, one of e-commerce marketplace Snapdeal's earliest investors and a former board member expressed disappointment and shock with the founders decision to suspend merger talks with Flipkart and pursue an independent path.

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via Disappointed & shocked with Snapdeal founders: Vani Kola to ET Now

Continue to prefer largecaps over the mid and small cap stocks: Daljeet Singh Kohli, IndiaNivesh

Talking to ET Now, Daljeet Singh Kohli , Head of Research, IndiaNivesh, says you should be cautious on the mid and small cap and you can still put that money into large-caps. What is the investment idea you have come out with in last one month?

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via Continue to prefer largecaps over the mid and small cap stocks: Daljeet Singh Kohli, IndiaNivesh

EBITDA margins for inorganic chemicals declined due to higher costs: RS Jalan, GHCL

In a chat with ET Now, RS Jalan, MD, GHCL, says the inorganic chemicals grew 17% in volume and value terms. He also said that the company is in position to maintain soda ash EBITDA margins of 27 per cent. Edited excerpts:

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via EBITDA margins for inorganic chemicals declined due to higher costs: RS Jalan, GHCL

Primary fertiliser sale was lower by nearly 7% in FY 2017: ICRA

Primary fertiliser sale was lower by nearly 7% in FY2017 driven by decline in sales of urea as well as non-urea fertilisers by 7% and 6% respectively, said ICRA in a report released on Monday.

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via Primary fertiliser sale was lower by nearly 7% in FY 2017: ICRA

Betting on domestic cyclicals in next 2 years: Sanjay Dongre, UTI AMC

Talking to ET Now, Sanjay Dongre , Fund Manager, UTI AMC , says from the next 18 to 24 months’ perspective, investors should position themselves in the domestic cyclical sectors. We are done with 10,000 on the Nifty, worldwide you are seeing equity markets creating record highs.

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via Betting on domestic cyclicals in next 2 years: Sanjay Dongre, UTI AMC

Expect micro finance to be 30% or below of overall business, by March-end: HKN Raghavan

In a chat with ET Now, HKN Raghavan, Equitas Small Finance Bank says that the stressed assets in MFI book is around Rs 121 crore and almost all 60% of it is provided. He also said that Micro Finance did see some issues post demonetisation. Edited excerpts:

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via Expect micro finance to be 30% or below of overall business, by March-end: HKN Raghavan

Betting on 2 mid and small-cap wealth creation ideas: Rajesh Agarwal, AUM Capital

Talking to ET Now, Rajesh Agarwal , Head of Research, AUM Capital , says midcap Birla Corporation and small-cap West Coast Paper are the two ideas he is bullish on. What is the first stock on your radar?

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via Betting on 2 mid and small-cap wealth creation ideas: Rajesh Agarwal, AUM Capital

Snapdeal undergoing major layoff, to slash 80 percent workforce

NEW DELHI: E-commerce major Snapdeal on Monday revealed that it is facilitating a major layoff in the company, with an agenda to cut down 80 percent of its employee strength.

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via Snapdeal undergoing major layoff, to slash 80 percent workforce

Hyderabad startup Invecas to acquire Nasdaq-listed company's subsidiary

HYDERABAD: Chip-design startup Invecas will acquire Nasdaq-listed Lattice Semiconductor Corporation's HDMI design team and its subsidiary Simplay Labs, which oversees standards compliance and interoperability testing services.

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via Hyderabad startup Invecas to acquire Nasdaq-listed company's subsidiary

Fork Media acquires majority stake in audio advertising platform Rappio

Adding to a slew of innovative native and premium advertising products on its platform, digital ad-tech company Fork Media has acquired a majority stake in digital audio advertising startup Rappio Advertising. The acquisition marks the entry of the company into large-scale audio-based advertising.

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via Fork Media acquires majority stake in audio advertising platform Rappio

Insecticides India plans Rs 30 cr investment on Dahej plant

HYDERABAD: India’s fifth largest agrochemicals company, Insecticides India Limited (IIL), plans to invest nearly Rs 30 crore in brown field expansion of its technicals facility at Dahej in the current fiscal, announced a top executive.

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via Insecticides India plans Rs 30 cr investment on Dahej plant

Hilti TE DRS-6-A Dust Removal System

As you know controlling dust on a job site is a job all by itself.  With new laws and regulations coming into play, it’s now more important than ever to control dust and dirt.

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via Hilti TE DRS-6-A Dust Removal System

India has already become a 4% inflation economy: Pranjul Bhandari, HSBC

Talking to ET Now, Mythili Bhusnurmath, Consulting Editor, and Pranjul Bhandari , Chief India Economist, HSBC , says inflation expectations that lie at the heart of inflation rate have actually been coming off over the last couple of years and they have got into a virtuous cycle and this cycle in it

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via India has already become a 4% inflation economy: Pranjul Bhandari, HSBC

Numbers are going to increase in the coming quarters: Tushar Kawedia, IRB InvIT Fund

You have clocked a revenue of Rs 151 crores of period of a 53 days in the first quarter.

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via Numbers are going to increase in the coming quarters: Tushar Kawedia, IRB InvIT Fund

It's final now: Snapdeal ends merger talks with Flipkart, will go solo

NEW DELHI: E-commerce firm Snapdeal today terminated talks for a takeover by larger rival Flipkart, saying it will "pursue an independent path" to continue its operations. The company was reported to be in talks for selling its business to Flipkart in a USD 900-950 million deal.

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via It's final now: Snapdeal ends merger talks with Flipkart, will go solo

Court summons Ola, Uber as accused

NEW DELHI: A Delhi court on Monday summoned as accused app-based cab service providers, including Ola and Uber, for allegedly violating permit rules.

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via Court summons Ola, Uber as accused

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Even a 25 bps rate cut will not change the dynamics of the economy: Jinesh Gopani, Axis MF

Talking to ET Now, Jinesh Gopani, Senior Fund Manager, Axis Mutual Fund, says looking into sectors where they have been underweight but still continue with the sectors with strong growth potential.

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via Even a 25 bps rate cut will not change the dynamics of the economy: Jinesh Gopani, Axis MF

After IPO is over, if Max is willing, we can start talks again: Amitabh Chaudhry, HDFC Life

Talking to ET Now, Amitabh Chaudhry, MD & CEO, HDFC Life , says from the IPO perspective tomorrow onwards all the merger discussions have to come to a stop and that is exactly what we intent to do. The HDFC-Max Life merger has finally been called off.

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via After IPO is over, if Max is willing, we can start talks again: Amitabh Chaudhry, HDFC Life

Core sector showing signs of god improvement: Siby Antony, Edelweiss ARC

Absolutely. Thr NPA problem is so huge so there is no quick fix for that. There is nearly Rs 10 lakh crore worth NPAs and so there is no quick fix on that. The recovery and revival of these companies will take around two to three years.

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via Core sector showing signs of god improvement: Siby Antony, Edelweiss ARC

FreeCharge staff to get retention bonus

BENGALURU: In an attempt to ensure the smooth integration of FreeCharge with Axis Bank, employees of the payments platform are being given a sixmonth retention bonus, according to people aware of the development.

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via FreeCharge staff to get retention bonus

Keep up with these non-Kardashians streaming live!

These days, many entrepreneurs are turning their lives into DIY reality shows. This spring, John Henry, a 24-year-old entrepreneur and the founder of a Harlem-based nonprofit, had a very strange first date.

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via Keep up with these non-Kardashians streaming live!

Lanco to sell office rental business for Rs 1,000 cr

Bengaluru: The debt-laden Lanco Group is holding advanced talks to sell its commercial office space business to southern builder Divyasree Developers for Rs 1,000 crore, or $160 million, people familiar with the matter said.

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via Lanco to sell office rental business for Rs 1,000 cr

Value added steel products to enrich product mix: Sail

NEW DELHI: State-owned is putting a premium on its 20 value added products for defence and construction that it expects will strengthen product mix and lead to better realisations, a company official has said.

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via Value added steel products to enrich product mix: Sail

Hope to keep Q2 slippages below Q1 levels: Ashwani Kumar, Dena Bank

In a chat with ET Now, Ashwani Kumar, CMD, Dena Bank says that the cost of deposits have come down substantially, the yield loan advances have gone by about 53 bps. He also said that the they are working on improving profitability and aim to turn positive by early FY19. Edited excerpt:

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via Hope to keep Q2 slippages below Q1 levels: Ashwani Kumar, Dena Bank

IIFL’s Abhimanyu Sofat on which stocks to steer clear of now

Talking to ET Now, Abhimanyu Sofat , VP-Research, IIFL, points out market volatility risk is highest when the VIX is at a low and not at a high. What is your take on L&T?

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via IIFL’s Abhimanyu Sofat on which stocks to steer clear of now

Travis plotting a comeback, split board hampers Uber's search for new CEO

SAN FRANCISCO: Some members of Uber's eight-person board were excited about the idea of Meg Whitman becoming the ride-hailing company’s next chief executive.

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via Travis plotting a comeback, split board hampers Uber's search for new CEO

Registrations under GST likely to hit 1 crore this fiscal

NEW DELHI: The government estimates that total registrations, old and new, under the goods and services tax (GST) will add up to between 90 lakh and one crore by the end of the financial year, substantially increasing the tax base and ushering in greater compliance.

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via Registrations under GST likely to hit 1 crore this fiscal

GST Council may raise e-way bill floor from Rs 50,000 to prevent harassment

NEW DELHI: The Rs 50,000 threshold for e-way bills under the goods and services tax (GST) regime may be raised in order to reduce the scope for harassment and return of the so-called inspector raj.

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via GST Council may raise e-way bill floor from Rs 50,000 to prevent harassment

GST impact: Auto sales hit a speed breaker in July

NEW DELHI: To India's automakers, the single producer tax appears to have given mixed signals. Ahead of its introduction, the Goods and Services Tax (GST) had triggered what is called 'pre-buying' in June.

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via GST impact: Auto sales hit a speed breaker in July

GST has big positive on economy, benefits can be seen within a month: Narendra Modi in Mann Ki Baat

NEW DELHI: The benefits of goods and services tax (GST) can be seen within a month of its implementation as it has produced a "big positive effect" on the economy, and has bolstered the economic progress, Prime Minister Narendra Modi said in his 'Mann ki Baat' address on Sunday.

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via GST has big positive on economy, benefits can be seen within a month: Narendra Modi in Mann Ki Baat

GST not an easy reform to implement, says Arun Jaitely

CHENNAI: The Goods and Services Tax was not an "easy reform to implement" but it has evoked "great" public support with the government deciding not to blink in the face of opposition to the new taxation measure, Union Finance Minister Arun Jaitley said today.

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via GST not an easy reform to implement, says Arun Jaitely

Fundamentals driving the market and not geopolitical deterrence: James E Glassman, JPMorgan Chase

Talking to ET Now, James E Glassman , MD, JPMorgan Chase, says with the US economy out of recession, there is no imminent crisis and it is very hard to see how the political system will make progress and apparently that does not seem to bother people.

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via Fundamentals driving the market and not geopolitical deterrence: James E Glassman, JPMorgan Chase

Brian Chesky showed me the force of community: Amanpreet Bajaj, Airbnb India

In the run-up to the grand finale of the ET Startup Awards 2017, your favourite newspaper presents a special series on the lessons that some of India's most celebrated entrepreneurs have learnt from their mentors.

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via Brian Chesky showed me the force of community: Amanpreet Bajaj, Airbnb India

Aye raises Rs 10 crore by selling part of SME portfolio to M&M Fin Services

NEW DELHI: Aye Finance, a startup focused on giving loans to small and medium enterprises, has raised Rs 10 crore by selling part of its SME loan portfolio under a securitisation deal to Mahindra & Mahindra Financial Services. The deal was facilitated by IFMR Capital.

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via Aye raises Rs 10 crore by selling part of SME portfolio to M&M Fin Services

Payment gateway services provider PayU joins UPI

MUMBAI: Payment gateway services provider PayU is the latest player to join the Unified Payments Interface (UPI) bandwagon having launched its own facility. The Citrus UPI app is growing at a much faster rate.

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via Payment gateway services provider PayU joins UPI

Startups to enable citizen participation in public governance with data

MUMBAI: Chandrapur district in Maharashtra - rich in natural resources of lime and coal - boasts of one of Asia's largest thermal power plants and several cement factories. Yet, the district is among the most backward ones in India. People walk miles to find mobile phone network.

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via Startups to enable citizen participation in public governance with data

Flipkart to co-create products in partnership with domestic manufacturers

BENGALURU: India's biggest ecommerce player Flipkart has started co-creating products in partnership with domestic manufacturers, as it looks to push its new brand `Billion' as a made-in-India option for its users.

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via Flipkart to co-create products in partnership with domestic manufacturers

Asset management firm marks up Flipkart's valuation by up to 64%, Ola's by 12%

BENGALURU: Vanguard, one of the world's largest asset management company, has marked up the valuation of two poster boys of Indian startup ecosystem - online retailer Flipkart and cab-hailing app Ola - according to filings made by one of the funds managed by the firm.

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via Asset management firm marks up Flipkart's valuation by up to 64%, Ola's by 12%

Snapdeal Flipkart deal falling apart after six months of hard negotiations

NEW DELHI: A crucial meeting to settle the proposed merger of beleaguered online marketplace Snapdeal with market leader Flipkart, due to take place in Bengaluru over Monday and Tuesday, has been called off, said three people aware of the developments.

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via Snapdeal Flipkart deal falling apart after six months of hard negotiations

Amazon expands logistics solution to registered sellers

KOLKATA | NEW DELHI: Amazon is betting big on delivering irrespective of whether the order is placed on its own website or not.

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via Amazon expands logistics solution to registered sellers

On the Right Track

Track saws are a favorite among on-site installers and carpenters, for breaking down sheet goods, trimming floors, and other operations common on the job. Their portability and accuracy make them a godsend for contractors.

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via On the Right Track

Sail plants CEOs, experts to monitor unit's progress

NEW DELHI: To monitor progress of the plants under , the government is devising a mechanism wherein pacts will be inked by the CEOs of each mill of the company with government-appointed experts, a top official said.

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via Sail plants CEOs, experts to monitor unit's progress

Snapdeal to send Flipkart's proposal to shareholders this week

NEW DELHI: Snapdeal is likely to send Flipkart's USD 900-950 million buyout proposal to its shareholders this week to seek their views on the plan, according to sources. The Board wants to get the shareholders' opinion on the proposed deal, two people aware of the developments said.

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via Snapdeal to send Flipkart's proposal to shareholders this week

These startups are demystifying blockchain

Blockchain, the technology behind bitcoins, is now seen as having applications across a wide range of areas, from financial services to land registries and healthcare records ­ any space where trust is important. Several entrepreneurs are trying to cash in with innovative solutions

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via These startups are demystifying blockchain

Flipkart's first customer almost didn't get his book

Ten years ago, a Mahbubnagar resident ordered a book online. He had no idea then that he was the first customer on a site that would go on to become India's biggest retailer V V K Chandra, a freelance web consultant in Mahbubnagar, was also a tech blogger and voracious reader.

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via Flipkart's first customer almost didn't get his book

Why Amazon is making headlines

YES, I KNOW BEZOS WAS THE RICHEST MAN, FOR A WHILE. Well, he is the second-richest now. Anyway, we are not talking about Bezos here.

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via Why Amazon is making headlines

OYO cuts losses to Rs 325 cr in FY17

NEW DELHI: Online hotel aggregator OYO has said it has cut losses to an estimated Rs 325 crore in FY17 from Rs 496 crore in the previous fiscal, mainly on account of increase in booking revenue.

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via OYO cuts losses to Rs 325 cr in FY17

Unlike 2007, earnings have not kept pace in 2017: Mahesh Patil, Birla Sun Life MF

Talking to ET Now, Mahesh Patil , Co-CIO, Birla Sun Life MF , says over the next two-three years, there is enough scope to be optimistic for the markets even from these levels. How are you approaching this market? It has been really a historic series.

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via Unlike 2007, earnings have not kept pace in 2017: Mahesh Patil, Birla Sun Life MF

There’s earnings risk in FY18, focus on FY19: Surendra Goyal, Citi India

I cannot really comment on specific stocks but if you divide them into categories, what the retail focussed private sector banks offer you is high visibility, high growth and we have seen very good consistence and that I think is what is reflected in the multiples also and which is why the stocks

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via There’s earnings risk in FY18, focus on FY19: Surendra Goyal, Citi India

Jabong brings 70% flat discount on 'Big Brands' sale

The last two months has seen Flipkart and Amazon offering one sale after another and now online fashion marketplace Jabong has launched one of its biggest sale event.

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via Jabong brings 70% flat discount on 'Big Brands' sale

Cheaper HFCs still look attractive in BFSI space for trading: Anand Tandon

Talking to ET Now, Anand Tandon, Independent Analyst, says NBFCs look reasonably overpriced and private sector banks are the most crowded place though smaller private sector banks have been doing very well. You cannot take your eyes away from banks and in particular the highfliers.

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via Cheaper HFCs still look attractive in BFSI space for trading: Anand Tandon

Not just banks, your unpaid supplier of goods or services can now initiate bankruptcy proceedings

Indian banks are saddled with bad debt and as the banking industry goes about recovering about Rs 8 lakh crore in doubtful loans, the new Insolvency and Bankruptcy Code is expected to provide the much needed teeth to the financial institutions.

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via Not just banks, your unpaid supplier of goods or services can now initiate bankruptcy proceedings

After demonetisation, GST woes plague jewellery sector

The jewellery sector, which was recovering from the demonetization slump, has now been hit by GST. The grouse is not about the tax rate but the procedural issue related to movement of goods.

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via After demonetisation, GST woes plague jewellery sector

GST has not impacted consumer offtake, says HUL

MUMBAI: FMCG major Hindustan Unilever (HUL) today said the new tax regime of goods and services tax (GST) has not impacted the consumer offtake and expects the price cuts undertaken by it to drive sales. "I don't think GST has impacted the consumer offtake.

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via GST has not impacted consumer offtake, says HUL

Machine learning and AI: Can it be the butler that can change user experience?

As companies talk seriously about the workplace role of adaptive intelligence, machine learning, artificial intelligence, and natural language understanding, it is time to talk about the fundamental shift in user experience (UX) these emerging technologies could also bring about.

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via Machine learning and AI: Can it be the butler that can change user experience?

Understanding valuation under GST: When consideration is not in money

Valuation of goods and services is an important aspect which determines the amount of tax to be levied. If goods and services are undervalued, it leads to short-payment of tax, leading to non-compliance and resultant legal implications.

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via Understanding valuation under GST: When consideration is not in money

For social innovations failing to scale, human centric design thinking is the new buzzword

Much has been said about the scaling challenges of startups, especially those aiming to address underserved segments of society in emerging markets.

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via For social innovations failing to scale, human centric design thinking is the new buzzword

BoI has been aggressive in making provisions: Dinabandhu Mohapatra

The new managing director of Bank of India¸ Dinabandhu Mohapatra , is confident it will not face Reserve Bank of India's (RBI) restrictions despite posting a huge loss for two years as the bank has taken various steps for a turnaround.

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via BoI has been aggressive in making provisions: Dinabandhu Mohapatra

Kunal Bothra's 3 trading picks for Monday

Talking to ET Now, Kunal Bothra , Independent Market Analyst, says JSW Energy, Bharat Finance and UBL are the three stocks he is bullish about.

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via Kunal Bothra's 3 trading picks for Monday

Fresh Wood design winner inspired by both music and wood

WEST JORDAN, Utah – Sarah Provard’s love for music inspired her award-winning furniture design.

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via Fresh Wood design winner inspired by both music and wood

India to remain biggest focus outside North America: Amazon

BENGALURU: Amazon has reiterated that India will remain its biggest focus outside North America although the company’s hefty investments in the country dragged its international business to its worst quarterly loss.

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via India to remain biggest focus outside North America: Amazon

IL&FS wins J&K's Zojila tunnel project in re-bidding

Last year, the Road Transport and Highways Ministry had ordered "rebidding" for the project awarded to IRB Infrastructure. The project aims at providing all-weather connectivity between Kashmir valley and Ladakh, which remains cut-off from the rest of the world during winters due to heavy snowfall.

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via IL&FS wins J&K's Zojila tunnel project in re-bidding

FreeCharge sale adds to Snapdeal founders’ arsenal; says time to 'seize opportunity’

NEW DELHI: The sale of Snapdeal’s digital payments platform FreeCharge to Axis Bank for Rs 385 crore has provided chief executive officer Kunal Bahl with added ammunition in his battle to retain control over the embattled online marketplace and possibly prevent its sale to rival Flipkart.

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via FreeCharge sale adds to Snapdeal founders’ arsenal; says time to 'seize opportunity’

Top student designs awarded at AWFS Fair

LAS VEGAS − Cody Campanie, a student at Seattle Central College won The Best of Show Award, in the 2017 AWFS Fresh Wood Competition after judges reviewed the projects of 41 finalists from 16 different high schools and colleges in the U.S. and Canada at the 2017 AWFS Fair.

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via Top student designs awarded at AWFS Fair

Bandhan Bank CEO Chandra Shekhar Ghosh advices MSME units to select best CAs

"The signature of a reputed CA or CA firm boosts banks' confidence. I have also seen MSME units approach banks through agents. That is not the right way. Banks are not comfortable with agents. Connect to the banks directly and you will receive all possible support," Ghosh said.

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via Bandhan Bank CEO Chandra Shekhar Ghosh advices MSME units to select best CAs

SAIL launches awareness programme to boost steel use in rural areas

KOLKATA: SAIL has launched a series of awareness programmes aimed at increasing steel consumption. The move was initiated by the company's northern region marketing group beginning from Rewari, Haryana.

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via SAIL launches awareness programme to boost steel use in rural areas

On track of doubling profitability in next three years: Sanjiv Goenka, Chairman, CESC

In an exclusive chat with ET Now , Sanjiv Goenka , Chairman, CESC spoke about the prospects of demerger and also on the company's plan in the power sector.

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via On track of doubling profitability in next three years: Sanjiv Goenka, Chairman, CESC

Amazon Q2 net profit down 77%; remains committed to India

NEW DELHI: E-tailing giant Amazon's net profits tanked 77 per cent to USD 197 million (Rs 1,264 crore) in the June quarter hurt by wider losses in international operations, but said it remains committed to investing in India.

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via Amazon Q2 net profit down 77%; remains committed to India

Betting on 2 cement stocks going forward: Mayuresh Joshi, Angel Broking

Talking to ET Now, Mayuresh Joshi, Fund Manager, Angel Broking , says JK Cement and The Ramco Cement are the two stocks he is betting on. What have you made of the kind of movement that we have witnessed in the equity markets? Is the resilience here to stay?

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via Betting on 2 cement stocks going forward: Mayuresh Joshi, Angel Broking

Believe company on a path of recovery; have seen a solid Q1: Manoj Nerurkar, Syngene International

In an exclusive conversation with ET Now Manoj Nerurkar , COO, Syngene International spoke about the future plans of the company and the factors that impacted the numbers in Q1 FY1. Edited excerpts:

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via Believe company on a path of recovery; have seen a solid Q1: Manoj Nerurkar, Syngene International

Jet’s metal neutrality plans to help create networks, not necessarily capital flows: Kapil Kaul, CAPA

Talking to ET Now, Kapil Kaul, CAPA, says Jet Airways joining the mega global alliance between Delta, KLM and Virgin Atlantic, means a virtual merger on routes and does not necessarily include capital flows.

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via Jet’s metal neutrality plans to help create networks, not necessarily capital flows: Kapil Kaul, CAPA

Expect to reduce net debt by about Rs 500 crore: Glenn Saldanha, Glenmark Pharmaceuticals

In an exclusive conversation, Glenn Saldanha , CMD, Glenmark Pharmaceuticals spoke about the company's impressive set of earnings in line with the expectations. Edited excerpts: It has been a great set of earnings for you.

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via Expect to reduce net debt by about Rs 500 crore: Glenn Saldanha, Glenmark Pharmaceuticals

Scope exists for consolidating GST rates: Asim Dasgupta

KOLKATA: Former West Bengal Finance Minister Asim Dasgupta, who chaired the Empowered Committee of State Finance Ministers that prepared the first draft of the Goods and Services Tax (GST) framework in 2009, says there is "scope for consolidating existing GST rates" to improve the present structure

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via Scope exists for consolidating GST rates: Asim Dasgupta

SpaceX is now one of the world's most valuable privately held companies

SAN FRANCISCO — SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world.

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via SpaceX is now one of the world's most valuable privately held companies

Makita 36V Blower Review

I know what you are thinking, didn’t we take a look at the Makita XBU02?  Good catch and that is a sign of a true TIA fan. So why are we looking at it again?  Since we first took a look at this blower, we have seen a ton of blowers from different manufacturers come and go.

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via Makita 36V Blower Review

GST: Global FMCG heads back reform, talk of short blip

MUMBAI|NEW DELHI: India’s goods and services tax (GST) has a found mention in the quarterly earnings calls and statements of global chiefs of nearly half a dozen consumer goods MNCs, as they cited the disruption caused by the transition to the new tax regime in a market whose profile has risen ste

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via GST: Global FMCG heads back reform, talk of short blip

Are you filing the correct GST return?

Under GST, a regular taxpayer needs to furnish monthly returns and one annual return.

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via Are you filing the correct GST return?

See full recovery from GST impact in second half of 2017: Arun Chandavarkar, Biocon

The management of represented by Arun Chandavarkar , CEO & Joint MD, Biocon in an exclusive conversation with ET Now spoke about the margin pressure and the expenses that came in the company's operations at the Malaysian facility. Edited excerpts:

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via See full recovery from GST impact in second half of 2017: Arun Chandavarkar, Biocon

Net margin fell to around 18% in Q1, to catch up the rest of the year: Raamdeo Agrawal, MOFSL

Talking to ET Now, Raamdeo Agrawal , Co-Founder, MOFSL , discusses the consolidated Motilal Oswal Financial Services numbers. First quarter shows some good growth in the consolidated Motilal Oswal numbers driven by AMC, by fund based income segments.

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via Net margin fell to around 18% in Q1, to catch up the rest of the year: Raamdeo Agrawal, MOFSL

Rs 28,000 crore investment plan over five years: Anant Goenka, CEAT

Stock market has given Anant Goenka , MD, CEAT a thumbs up after he took over the reins of the company five years ago.The company has diversified into SUVs and two wheeler segments.

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via Rs 28,000 crore investment plan over five years: Anant Goenka, CEAT

Time to focus on continuing Snapdeal journey: Kunal Bahl

NEW DELHI: The sale of Freecharge to Axis Bank will provide Snapdeal the "necessary boost in resources" to continue its e-commerce journey, Snapdeal CEO Kunal Bahl said.

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via Time to focus on continuing Snapdeal journey: Kunal Bahl

NPCI gets final nod from RBI to process BBPS payments

MUMBAI: National Payments Corporation of India (NPCI), the umbrella organisation for all retail payment systems in the country has received the final authorisation from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment Central Unit (BBPCU) and operate the Bharat Bill Payment Sys

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via NPCI gets final nod from RBI to process BBPS payments

Housing loans biz to be a huge growth driver: Vellayan Subbiah, Cholamandalam Investment

Talking to ET Now, Vellayan Subbiah , MD, Cholamandalam Investment , says in this market I do not see any challenge with asset growth in the range of 22% which then translates to 25% plus profit growth for the next five years.

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via Housing loans biz to be a huge growth driver: Vellayan Subbiah, Cholamandalam Investment

Growth may come back in e-comm segment but at a lower rate: Aneel Gambhir, Blue Dart

It was a weak quarter for Blue Dart and profit has halved on year on year basis. In a chat with ET Now, Aneel Gambhir, CFO , Blue Dart speaks about the precedence that lead to such a result for the logistic company. Edited excerpts:

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via Growth may come back in e-comm segment but at a lower rate: Aneel Gambhir, Blue Dart

Go for turnaround infra cos but read the annual reports first: Porinju Veliyath

Talking to ET Now's Nikunj Dalmia, Porinju Veliyath , MD, Equity Intelligence India , says there is once in a life-time opportunity to pick companies which are turning around, which are changing dramatically in their style of management, in the way they are taking care of the minority shareholders e

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via Go for turnaround infra cos but read the annual reports first: Porinju Veliyath

Paytm karo for daily dose of news & action

BENGALURU: Online wallet firm Paytm is tying up with digital content providers and partners to provide in-app TV news, live match broadcast and news aggregation partners to cash in on user engagement.

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via Paytm karo for daily dose of news & action

Manish taught me to keep doing what I do right: Jasminder S Gulati, CEO, NowFloats

There are a lot of people in the industry who advice and provide guidance. Manish Sharma, cofounder of Printo, has been a guide.

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via Manish taught me to keep doing what I do right: Jasminder S Gulati, CEO, NowFloats

50% of India's internet users, rural; 40% will be women by 2020: BCG

BENGALURU: Half of India's internet users will be rural and 40% will be women by 2020, a report by the Boston Consulting Group said. It also said Indian companies are underestimating and under-investing in the country's digital potential.

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via 50% of India's internet users, rural; 40% will be women by 2020: BCG

India increases Amazon's international losses five fold to $724 million in Q2

BENGALURU: Amazon founder Jeff Bezos may have lost the tag of the 'world’s richest man' he held briefly for a few hours on Thursday, following the company’s second quarter results, in which net income plummeted to $197 million from $857 million in second quarter 2016.

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via India increases Amazon's international losses five fold to $724 million in Q2

GE’s Jeffrey Immelt is said to be on Uber CEO’s shortlist

Jeffrey Immelt, the outgoing chief executive officer at General Electric Co., is on a narrowing list of candidates to take over as head of Uber Technologies Inc., two people familiar with the matter said.

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via GE’s Jeffrey Immelt is said to be on Uber CEO’s shortlist

We are seeing an increase in localised business models: SAIF Partners

SAIF Partners, early backer of companies like Paytm and MakeMyTrip, has raised its third India-focused fund of $350 million, taking its total assets under management to $1billion. ET was the first to report that SAIF Partners was raising the fund in May this year.

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via We are seeing an increase in localised business models: SAIF Partners

Axis Bank board is doing an orderly succession planning: Shikha Sharma

Axis Bank's chief executive, Shikha Sharma , has been aggressive in whatever she did -be it acquisition of Enam or lending to infrastructure. The board gave her a fourth term till 2021. In an interview with Saloni Shukla and MC Govardhana Rangan, she talks about her plans.

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via Axis Bank board is doing an orderly succession planning: Shikha Sharma

Indian coal utilities seek state funds or tariff hike to cut emissions

NEW DELHI: Indian power companies are seeking billions of dollars of federal funding to retrofit coal-fired plants to cut emissions, saying hefty tariff increases would otherwise be needed to pay for the technology, according to internal documents.

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via Indian coal utilities seek state funds or tariff hike to cut emissions

Popular Woodworking Magazine

Using a CNC and 3D CAD design to create a carved workbench vise chop.

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via Popular Woodworking Magazine

Vedanta sees golden opportunity to buy Deccan Gold Mines

MUMBAI: Just months after launching an audacious raid to buy into rival London miner Anglo American, Vedanta Resources is betting on gold, an area which is relatively new for the Anil Agarwal-promoted company.

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via Vedanta sees golden opportunity to buy Deccan Gold Mines

Startup accelerators need to focus on nurturing India’s next big startups

Seven years after launching the country’s first startup accelerator and supporting 82 companies, The Morpheus founders Sameer Guglani and Nandini Hirianniah realised it was time to shut after a boom of accelerators left them with little value to add.

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via Startup accelerators need to focus on nurturing India’s next big startups

Up in the air: Monitoring microbes

BENGALURU: Janani Venkatraman was at biotech startup Bugworks Research, which is into drug discovery for superbugs, or bacteria that have become resistant to antibiotic drugs, when she thought there was a need for a preventive non-drug method to kill microbes. Thus, she started Biomoneta Research.

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via Up in the air: Monitoring microbes

Vine-Like Robot for Construction Sites and More

Stanford scientists have developed the first snaking robot that moves like a vine. Its ability to grow across distances without moving its whole body could be useful in construction, search-and-rescue, and medical applications.

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via Vine-Like Robot for Construction Sites and More

Portea Medical to raise $25 million from Sabre Capital, Accel

MUMBAI: Home healthcare service provider Portea Medical, part of serial entrepreneurs K Ganesh and Meena Ganesh’s startup factory GrowthStory, is in advanced talks to raise $25 million or Rs 160 crore in its Series C round.

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via Portea Medical to raise $25 million from Sabre Capital, Accel

DIY Floating Picture Frames

Riddle me this: what do you get when you have a massive pile of scrap wood in your shop and also have a large collection of photos from a recent trip? Well, if you’re me, you get picture frames out of the deal! Upon returning from my recent vacation to the midwest, I realized that I had an abund

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via DIY Floating Picture Frames

PROJECT: Make a Dovetailed Puzzle Box

This dovetailed puzzle box is challenging to make and fun to solve! Our expert’s scrap stock turns into a baffling dovetailed box challenge.

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via PROJECT: Make a Dovetailed Puzzle Box

India's Q1 coal imports fall 8.1 per cent

NEW DELHI: India's coal imports fell 8.1 percent to 52.70 million tonnes in the first quarter of fiscal year 2018, Coal Minister Piyush Goyal told lawmakers on Thursday, as the world's third largest consumer of coal looks to cut dependence on imports.

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via India's Q1 coal imports fall 8.1 per cent

Zeta enables corporate employees to make payments with their ID cards

MUMBAI: Digital payments startup Zeta has launched Zeta Super ID that enables an employee's existing company ID card to make payments. Using Radio Frequency Identification (RFID), Zeta has converted the office ID card into a Super ID and enable cashless payments at office cafeterias.

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via Zeta enables corporate employees to make payments with their ID cards

Opt out of inflated financial stocks and invest in select underperformers: Rajat Sharma, Sana Securities

Talking to ET Now, Rajat Sharma , CEO, Sana Securities , says he would be a little cautious on the sectors that seem to be doing extremely well right now because one never knows when the tide turns. This is fresh money, fresh appetite, fresh set of buyers that have kicked in.

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via Opt out of inflated financial stocks and invest in select underperformers: Rajat Sharma, Sana Securities

Any fall in Maruti price is a chance for accumulation: V Srivatsa, UTI MF

Talking to ET Now, V Srivatsa, EVP & Fund Manager (Equities), UTI MF, says one needs to really see through the GST issue and see what is the outlook for the next two to three years and that has not changed at all.

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via Any fall in Maruti price is a chance for accumulation: V Srivatsa, UTI MF

Zomato shares a ride with Ola

NEW DELHI: Online restaurant guide and food ordering app Zomato has partnered homegrown cab aggregator, Ola that will allow users to book rides and pay using the latter's mobile wallet. Earlier, Zomato had a similar tie-up with Ola's US-based rival, Uber.

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via Zomato shares a ride with Ola

Hilti Universal Vacuum Cleaner VC 40-UE

As you know job sites have changed over time.  Not too long ago, it was okay to work on a site and not worry about any type of safety.  Well as time has gone on, things have changed.  Now you wear safety glasses, ear protection and a mask.

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via Hilti Universal Vacuum Cleaner VC 40-UE

Betting on this wealth creation idea: Avinnash Gorakssakar, Joindre Capital

What is the stock that you are recommending to the viewers? I would like to recommend a packaging company called Uflex Ltd. Uflex Ltd is a well diversified company with a pan India presence which is also a global player and has a very well diversified product basket.

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via Betting on this wealth creation idea: Avinnash Gorakssakar, Joindre Capital

Positive outlook result of reforms implemented by Indian government: Marie Diron, Moody’s

Talking to ET Now, Marie Diron , Associate MD, Risk Group, Moody's Investors Service , says investment is still relatively weak and that the economy with stronger and more sustained investment would achieve greater growth potential which in turn will feed into the government’s fiscal metrics and a

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via Positive outlook result of reforms implemented by Indian government: Marie Diron, Moody’s

Coal India Asks Five Arms to Save 40 mt for Auction under Shakti Scheme

KOLKATA: Coal India has asked five of its seven subsidiaries to keep aside a total of 40 million tonnes of coal for auction to independent power producers under the Shakti scheme.

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via Coal India Asks Five Arms to Save 40 mt for Auction under Shakti Scheme

Axis Bank acquires FreeCharge for Rs 385 crore

BENGALURU: Axis Bank announced the acquisition of digital payment company FreeCharge from Snapdeal for Rs 385 crore on Thursday. It was an all cash transaction.

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via Axis Bank acquires FreeCharge for Rs 385 crore

Hoping to beat industry growth rates: Mphasis Management

In an exclusive chat with ET Now, CEO Nitin Rakesh and CFO V Suryanarayanan of Mphasis, said that the company is focused on deal closures.

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via Hoping to beat industry growth rates: Mphasis Management

I see a strong demand growth in coming quarters: Deepak Khetrapal, Orient Cement

In an exclusive chat with ET Now, Deepak Khetrapal, MD & CEO, Orient Cement, said Q3 and Q4 should be satrong quarter for the company.

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via I see a strong demand growth in coming quarters: Deepak Khetrapal, Orient Cement

Trying to be midcap champion? Be Arjun, not Abhimanyu: Basant Maheshwari

A standard format is you buy the good quality names, stay with them. When the story becomes bad, you lose 10-20% but that is the way to move about it.

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via Trying to be midcap champion? Be Arjun, not Abhimanyu: Basant Maheshwari

Will continue with 50% profit allocation to shareholders: HCL Management

In an exclusive chat with ET Now, Anil Chanana, CFO & Karan Puri, Senior Corporate VP - Consumer and Commercial Services of HCL Technologies, said that the company is on track to achieve FY18 guidance on both revenue and profit. Anil Chanana: I think you saw a very good growth 3.

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via Will continue with 50% profit allocation to shareholders: HCL Management

India very good in long term, but overbought in short term: Geoff Dennis, UBS

We are recommending investors rotate into energy, rotate into banks, also telecom. This means India has to come under a significant pressure, says Geoff Dennis, Head-Global EM Strategy, UBS, talking to ET Now.

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via India very good in long term, but overbought in short term: Geoff Dennis, UBS

1,700 startups look to get elevated from Karnataka

BENGALURU: As many as 1,397 startups from Bengaluru have responded to the Karnataka government's ambitious initiative to identify the 100 most promising startups under its ELEVATE-100 programme. The two-week window period, which was open until July 21, saw about 1,700 registrations.

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via 1,700 startups look to get elevated from Karnataka

Google for help if you want a hand on artificial intelligence, machine learning

SAN FRANCISCO: Machine learning and AI-based startups can Google for help as the search giant launches its Google Developers Launchpad Studio Accelerator Programme for startups to build and scale their products across the globe.

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via Google for help if you want a hand on artificial intelligence, machine learning

Ravi Adusumalli taught me to go big or go home: Vijay Shekhar Sharma, CEO, Paytm

Ravi Adusumalli was our first institutional investor and our relationship has transcended from that of investor and investee to business partners and great friends. I have said it many times even earlier: I consider Ravi to be a cofounder more than an investor.

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via Ravi Adusumalli taught me to go big or go home: Vijay Shekhar Sharma, CEO, Paytm

In Series-C, digital health platform 1mg Tech gets a Rs 100-crore pill

BENGALURU: Digital health platform 1mg Technologies has secured $15 million (about Rs 100 crore) in series-C funds from a clutch of investors led by HBM Healthcare Investments. The money will be used to fuel 1mg Technologies' expansion plans, said CEO Prashant Tandon.

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via In Series-C, digital health platform 1mg Tech gets a Rs 100-crore pill

Amazon opens its wallet for India

NEW DELHI: Amazon has an eye-popping offer for its mobile wallet – a 10% cash-back even on items returned. The ecommerce giant’s payment vehicle, Amazon Pay India is wooing local consumers with this promotional: “Select Amazon Pay balance, get 10% extra as refund amount.

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via Amazon opens its wallet for India

Tencent in talks to invest $400 million in Ola

BENGALURU: Chinese internet conglomerate Tencent is in advanced talks to invest in India’s largest ride hailing app Ola, according to four people aware of the talks, which if successful could result in an investment of $400 million providing the Bengaluru company with more cash to stave off the ch

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via Tencent in talks to invest $400 million in Ola

Why more and more consumers now prefer to share rather than buy

Technology has redefined the concepts of sharing and renting, as Netflix has done with videos, Uber with transportation and Airbnb in hospitality. That may be just the beginning.

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via Why more and more consumers now prefer to share rather than buy

Former Ellen's Design Challenge contestant hosts Boomtown Builder on DIY Network

JEROME, Arizona - Tim McClellan, furniture maker, designer as well as founder and former owner of Western Heritage Furniture, is now the host of DIY Network's new show, Boomtown Builder, which premiered July 25. The pilot episode was filmed in Jerome, Arizona.

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via Former Ellen's Design Challenge contestant hosts Boomtown Builder on DIY Network

Bhushan Steel, BSPL case: NCLT nod for insolvency proceedings

NEW DELHI: National Company Law Tribunal today gave go-ahead to banks to start insolvency proceedings against Bhushan Steel Ltd and Bhushan Steel & Power Ltd (BSPL) to recover loans the companies have defaulted on.

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via Bhushan Steel, BSPL case: NCLT nod for insolvency proceedings

Snapdeal board clears the decks for sale of FreeCharge to Axis Bank

NEW DELHI: The board of Snapdeal (Jasper Infotech), which owns and operates FreeCharge, has agreed to sell the digital payments platform to Axis Bank, India’s third-largest private sector lender according to two people aware of the development.

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via Snapdeal board clears the decks for sale of FreeCharge to Axis Bank

Grofers gets DIPP approval for online trading of food products

NEW DELHI: Online grocery firm Grofers today said it has received government nod for retailing food products in India and will invest $40 million to expand operations in the country.

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via Grofers gets DIPP approval for online trading of food products

Mined metal output at Zinc India rises 84%: Vedanta Resources

NEW DELHI: Mining giant Vedanta Resources today said the production of mined metal at its Indian zinc unit increased by 84 per cent to 2,33,000 tonnes in the first quarter of the ongoing fiscal.

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via Mined metal output at Zinc India rises 84%: Vedanta Resources

Bhushan Steel, Bhushan Power face insolvency action

NEW DELHI: The National Company Law Tribunal today allowed banks to initiate insolvency proceedings against Bhushan Steel and another firm, Bhushan Steel and Power.

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via Bhushan Steel, Bhushan Power face insolvency action

Snapdeal board gives nod to Flipkart's bid, but obstacles remain: Reports

MUMBAI: The board of e-commerce firm Snapdeal has agreed to a deal with bigger rival Flipkart for up to $950 million, two sources said on Wednesday, bringing the two a step closer to forming a combine to challenge Amazon.com's domestic growth.

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via Snapdeal board gives nod to Flipkart's bid, but obstacles remain: Reports

300 startup women enterpreneurs register for mentorship& funds

BENGALURU: As many as 300 startup women entrepreneurs have registered for mentorship and funds under the Rs 400-crore 'Elevate 2017' scheme to help themselves turn their ideas into successful businesses, Karnataka IT Minister Priyank Kharge said today.

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via 300 startup women enterpreneurs register for mentorship& funds

Market is poised for maximum risk-taking: Sanjiv Bhasin, India Infoline

Talking to ET Now, Sanjiv Bhasin, India Infoline , says euphoria in stressed asset stocks like JP Associates shows that after touching 10,000, money is now chasing stocks with 2-3 year potential.

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via Market is poised for maximum risk-taking: Sanjiv Bhasin, India Infoline

IT sector jobs may return if growth bounces back: Sanjeev Bikhchandani, Founder and Vice Chairman, Info Edge

In an interview to ET Now, Sanjeev Bikhchandani, Founder and Vice Chairman, Info Edge talks about growth, demonetisation , GST, RERA, job situation in the country etc. Edited Excerpts: What has been the key drivers of growth for you in this quarter?

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via IT sector jobs may return if growth bounces back: Sanjeev Bikhchandani, Founder and Vice Chairman, Info Edge

India's crude steel production dips to 7.9 MT in June

NEW DELHI: The country's crude steel production declined marginally by 1.1 per cent to 7.9 million tonnes (MT) in June, according to the latest report by World Steel Association. The steel output stood at 8 MT in the same month last year, it said.

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via India's crude steel production dips to 7.9 MT in June

In a recovery situation, commodities hold well: Rahul Chadha, Mirae Asset Global

Talking to ET Now, Rahul Chadha , Co-CIO, Mirae Asset Global , says Chinese government is fairly keen to cut the excess capacity and that is helping the sentiment. Broadly Asia is up about 25%. China has done slightly better than this number.

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via In a recovery situation, commodities hold well: Rahul Chadha, Mirae Asset Global

Court to pass order on July 29 in plea against Ola, Uber

NEW DELHI: A Delhi court has reserved its order on a plea seeking prosecution of app-based cab service providers, including Ola and Uber, for allegedly not adhering to rules to raise fares.

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via Court to pass order on July 29 in plea against Ola, Uber

SAIL supplies 6.2 lakh tn rails to Indian Railways in FY17

NEW DELHI: Steel Authority of India Ltd () has supplied 6.20 lakh tonnes of rails to the Indian Railways in 2016-17, Parliament was informed today.

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via SAIL supplies 6.2 lakh tn rails to Indian Railways in FY17

Bullish on consumption and super bullish on dairy space: Vivek Mahajan, Aditya Birla Money

Talking to ET Now, Vivek Mahajan , HoR, Aditya Birla Money , says staying clear of PSU banks while private sector banks continue to be a favourite.

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via Bullish on consumption and super bullish on dairy space: Vivek Mahajan, Aditya Birla Money

We are working towards financial education for students: SS Mundra, Deputy Governor, RBI

In an interview with ET Now, SS Mundra , Deputy Governor, RBI talks about initiative taken by the central bank to educate young minds of the country, setting up banking kiosks. Edited excerpts:

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via We are working towards financial education for students: SS Mundra, Deputy Governor, RBI

We are witnessing a lopsided growth recovery led by consumption: Tanvee Gupta Jain, UBS Investment Bank

Talking to ET Now, Tanvee Gupta Jain, UBS Investment Bank , says in agriculture, we are expecting a growth of 3.3% for FY18. This is on top of the 4.9% growth which we saw last financial year.

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via We are witnessing a lopsided growth recovery led by consumption: Tanvee Gupta Jain, UBS Investment Bank

Makita Cordless String Trimmer Review

When it comes to Outdoor Power Equipment (OPE), you wouldn’t expect a power tool company to be a leading OPE manufacturer.  In fact, Makita is one of the leading cordless OPE companies in the marketplace.

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via Makita Cordless String Trimmer Review

iQuippo wants to get 100,000 'live' customers by 2020

KOLKATA: A spurt in infrastructure projects in the past few months seems to have boosted the prospects of iQuippo, India's first digital marketplace for construction equipment, machinery and services.

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via iQuippo wants to get 100,000 'live' customers by 2020

Revealed! Coal India's 'secret' plan to make reverse auction process transparent

Data on different sources of coal and its quality to be offered under the Shakti scheme for the reverse auction for private generators with power purchase agreements will be a closely guarded secret until a few minutes before auction, Coal India officials said.

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via Revealed! Coal India's 'secret' plan to make reverse auction process transparent

For now, our entire focus is in developing our current business in India: Rituraj Sinha, Group MD, SIS India

In an interview with ET Now, Rituraj Sinha, Group MD, SIS India talks about their balance sheet, making their presence stronger in India and future plans. Edited excerpts:

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via For now, our entire focus is in developing our current business in India: Rituraj Sinha, Group MD, SIS India

Greatest risk of correction in BFSI stocks: Saurabh Mukherjea, Ambit Capital

Talking to ET Now, Saurabh Mukherjea, Ambit Capital , says for the first time in seven years I the weakest 30% of the BSE 500, whose annual reports we struggle to believe, outperforming the top 30%. Yes. It is always like this with bull markets.

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via Greatest risk of correction in BFSI stocks: Saurabh Mukherjea, Ambit Capital

Faircent launches Auto Invest feature to make P2P lending easier

P2P lending platform Faircent.com has launched a new feature for registered lenders on its platform.

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via Faircent launches Auto Invest feature to make P2P lending easier

Swiggy rubbishes anonymous blog post claiming company fudged numbers

MUMBAI: Caught in the eye of a storm over allegations of fabricated financials, online food delivery firm Swiggy denied the claims calling them an act to malign the company.

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via Swiggy rubbishes anonymous blog post claiming company fudged numbers

Our NIM is better than other major banks: P Mukherjee, MD & CEO, Lakshmi Vilas Bank

In an interview to ET Now, P Mukherjee, MD & CEO, Lakshmi Vilas Bank talks about the slippage numbers, stressed accounts and how they plan to recover the loans. Edited excerpt:

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via Our NIM is better than other major banks: P Mukherjee, MD & CEO, Lakshmi Vilas Bank

Hold on to large caps and look out for midcaps: Nischal Maheshwari, Edelweiss Securities

Talking to ET Now, Nischal Maheshwari, Edelweiss Securities , says there are still some midcap stocks out there which are yet to reach peak valuations.

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via Hold on to large caps and look out for midcaps: Nischal Maheshwari, Edelweiss Securities

Snapdeal board approves Flipkart's $900-$950 million takeover offer: Sources

MUMBAI: The board of Indian online marketplace Snapdeal accepted bigger rival Flipkart's revised takeover offer of $900 million-$950 million last week, two sources familiar with the matter said on Wednesday.

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via Snapdeal board approves Flipkart's $900-$950 million takeover offer: Sources

We would let our current businesses grow before venturing out for new ones: Jairam Sridharan, CFO, Axis Bank

Axis Bank CFO, Jairam Sridharan , in an interview to ET Now, talks about the bank's nature of recovery assets and additional provisioning for the coming quarter. Edited Excerpts: Everyone on the street wants to know about the watch list.

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via We would let our current businesses grow before venturing out for new ones: Jairam Sridharan, CFO, Axis Bank

This startup connecting lower-income workers to lenders says it's scaling fast

NEW DELHI: A startup that connects factory workers unable to secure bank loans to alternative lenders says it has grown its loan book size from Rs 30 lakh at the start of this calendar year to Rs 2.5 crore as of July.

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via This startup connecting lower-income workers to lenders says it's scaling fast

FabHotels secures $25 million Series B funding led by Goldman Sachs Investment Partners

NEW DELHI: FabHotels, a technology-driven budget hotel franchise, announced today that it has raised $25 million in a Series B investment led by Goldman Sachs Investment Partners. Accel Partners, an existing investor, also participated in the round.

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via FabHotels secures $25 million Series B funding led by Goldman Sachs Investment Partners

Sweet makers find GST a tough nut to crack

CHENNAI: Would it bother you if halwa were designated 'jelly', and dhokla 'cake'? It is worrying mithai makers, though, as the goods and services tax (GST) has made taxation of sweets and savouries a minefield.

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via Sweet makers find GST a tough nut to crack

Trucks cover 30 per cent more distance a day post-GST

NEW DELHI: The distance travelled by trucks per day has increased by at least 30% post the rollout of goods and services tax (GST), according to a document prepared by the road transport ministry on the impact of GST on logistics sector.

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via Trucks cover 30 per cent more distance a day post-GST

'GST reduced taxes for commodities consumed by weaker section'

NEW DELHI: The Goods and Services Tax (GST) regime has reduced the tax rates of most commodities consumed by the weaker section of society, Parliament was informed today.

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via 'GST reduced taxes for commodities consumed by weaker section'

Long term, there is only one theme left in the market now: P Phani Sekhar, Karvy Stock Broking

Talking to ET Now, P Phani Sekhar , Fund Manager - PMS, Karvy Stock Broking , says if you have a lot of money to allocate and are taking a three to four year perspective, rural recovery is the only theme left in the market.

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via Long term, there is only one theme left in the market now: P Phani Sekhar, Karvy Stock Broking

GST impact: Small grocers shift away from unorganised trade, sign up with wholesale majors

MUMBAI: While last November’s demonetisation choked the cash-based unorganised retail trade in the country, the game-changing Goods and Services Tax (GST) is rewiring the retail eco system in other ways.

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via GST impact: Small grocers shift away from unorganised trade, sign up with wholesale majors

Amazon pumps Rs 1,381 crore into Indian data unit

BENGALURU: Ecommerce major Amazon.com has invested about Rs 1,381 crore in its data services unit in November, regulatory filings showed. New Delhi-registered Amazon Data Services India raised over Rs 1,367 crore from A100 Row and close to Rs 14 crore from Amazon.

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via Amazon pumps Rs 1,381 crore into Indian data unit

Zoho’s new product wraps all in one app

Bengaluru: Business software maker Zoho Corp has launched Zoho One, a bundled offering of its entire suite of business software products in one of its most aggressive bid to beat competition that it faces against giants, including Salesforce and Microsoft, in the enterprise software market.

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via Zoho’s new product wraps all in one app

Changing fares & sops make the ride bumpy for TN cabbies

Chennai: Drivers attached to new-age cab aggregators are grudgingly getting accustomed to a new normal of frequently changing fares and incentives as these startups continue experimenting towards the ideal payment model.

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via Changing fares & sops make the ride bumpy for TN cabbies

Paytm delists 6 logistics partners

Bengaluru: Ecommerce platform Paytm Mall has delisted six of its 14 logistics partners and 30 courier aggregation centres, and restricted delivery to 17,000 pin codes instead of 26,000 earlier, as part of a move to get its "house in order".

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via Paytm delists 6 logistics partners

Ola investor Softbank considering investment in Uber

SAN FRANCISCO: SoftBank, the Japanese technology and media giant, is weighing an investment in Uber at a time when the ride-hailing company's leadership is in flux, according to three people with knowledge of the talks.

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via Ola investor Softbank considering investment in Uber

AXA wants to be among top 10 players in India in a couple of years: Thomas Buberl

French insurer AXA expects the two insurance joint ventures with Bharti to be in the top 10 in the coming years as the Indian JV partner takes control of the business.

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via AXA wants to be among top 10 players in India in a couple of years: Thomas Buberl

US-based Ebix puts aside $100m for India play

Bengaluru: US-based Ebix, which recently acquired 80% stake in Mumbai-based fintech firm ItzCash for Rs 800 crore, has committed $100 million, or about Rs 644 crore, for investments and acquisitions in India.

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via US-based Ebix puts aside $100m for India play

Bhatnagar taught me to leave real value for the buyer: Jitendra Gupta, MD, PayU India

During the formative years of Citrus Pay (which PayU bought in September), Mohit Bhatnagar (MD, Sequoia India) really helped hone the business. Mohit is known for asking tough questions on revenues, unit economics, etc.

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via Bhatnagar taught me to leave real value for the buyer: Jitendra Gupta, MD, PayU India

Class act: Tencent’s $40 m added to Byju’s books

BENGALURU: Education-technology startup Byju’s has continued its fundraising spree, closing a new round of financing from Chinese internet conglomerate Tencent Holdings.

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via Class act: Tencent’s $40 m added to Byju’s books

Car companies, Ola approach state governments to introduce e-taxis

NEW DELHI: Taxi aggregators, auto makers and component companies are betting big on India’s electric vehicle market, with ambitious plans to fit battery-powered systems in taxis, auto-rickshaws and buses with attractive funding options.

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via Car companies, Ola approach state governments to introduce e-taxis

National Curb Appeal Month Tips for Enhancing A Home’s Curb Appeal

Never underestimate the power of curb appeal. A whopping 99 percent of National Association of Realtors members believe it’s important in attracting a buyer. August is National Curb Appeal Month, and the perfect time for homeowners to make upgrades.

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via National Curb Appeal Month Tips for Enhancing A Home’s Curb Appeal

Titebond Expert Discusses Chemistry of, Uses for Quick and Thick Glue

Bob Behnke, technical service manager for Titebond, shares the chemistry and best uses for Titebond’s newest PVA wood glue option, Quick and Thick. Behnke also explains the practical differences between Quick and Thick and Titebond Original, II and III formulations.

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via Titebond Expert Discusses Chemistry of, Uses for Quick and Thick Glue

Punjab launches 'Apni Gaddi Apni Rozgar' scheme

CHANDIGARH: The Punjab government on Tuesday announced the launch of its flagship 'Apni Gaddi Apna Rozgar' scheme by flagging off over 100 uberMOTO bikes. Under the scheme the state government will be providing commercial two wheelers and four wheelers to unemployed youth at subsidised rates.

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via Punjab launches 'Apni Gaddi Apni Rozgar' scheme

SuperMax Tools Launches 16-32 Drum Sander

Sporting a patented Quick Adjust Lever that raises and lowers the drum assembly without cranking, a built-in digital readout and newly designed turbo vented dust port to increase dust collection efficiency, SuperMax’s new 16-32 model will sand panels or slabs up to 32 in. wide in two passes.

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via SuperMax Tools Launches 16-32 Drum Sander

GREX Boosts Pinner Power, Launches New Brad Nailer

GREX’s Raymond Wong discusses updated and more powerful P650LX 23-gauge pin nailer, ideal for smaller compressor use. He also introduces the new H850LX 21-gauge brad nailer. It shoots 3/8- to 2-in.

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via GREX Boosts Pinner Power, Launches New Brad Nailer

VIDEO: Baking Soda Blade Cleaner

Looking for a safe, non-toxic way to clean your saw blades? The solution might already be in your kitchen cupboard.

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via VIDEO: Baking Soda Blade Cleaner

Leaving Las Vegas

It was with a bit of relief, but also a touch of sadness, that I flew home from the AWFS show last Friday. As often happens, I head off to the trade show with a feeling of world-weariness, thinking I have so been there and done that, and then find out that I really like woodworking trade shows.

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via Leaving Las Vegas

2017 Indianapolis Adventures in Wood

The 2017 annual Adventures in Wood Contest at the Rockler Woodworking and Hardware’s Indianapolis store had a diverse group of entries and participants. The opening was bustling with the woodworkers, the respective proud friends and family, and store customers.

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via 2017 Indianapolis Adventures in Wood

MSU's furniture institute reorganizes in lieu of closure

STARKVILLE, Ms. - The Mississippi State University’s Franklin Furniture Institute’s former director said the center would close due to budget cuts, but university officials said it would, instead, reorganize.

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via MSU's furniture institute reorganizes in lieu of closure

Hand Saw Sharpening Kit

I live in Arizona and my brother, who is 13 years younger than me, still lives on part of our old family farm in northeastern Ohio. He and I both do hobby woodworking. His 59th birthday was coming up and I wanted to create a special gift for him.

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via Hand Saw Sharpening Kit