Last 3 years, India has consistently moved the bar : Junaid Ahmed, World Bank

Talking to ET Now, Junaid Ahmed , Country Director, World Bank , says by “hitting the century” and touching 100 in Global Ease of Doing Business ranking, India basically says we are now competing to be one of the best where businesses can come in.

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via Last 3 years, India has consistently moved the bar : Junaid Ahmed, World Bank

Baring Private Equity scores fourth exit in a month with Vardhman Textiles

NEW DELHI: Baring Private Equity Partners India has exited its portfolio company Vardhman Textiles, marking in the process, the fourth such transaction racked up by the domestic private equity firm over the course of the last one month.

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via Baring Private Equity scores fourth exit in a month with Vardhman Textiles

High GST rate on batteries to hit e-vehicle drive

NEW DELHI: High tax on batteries used in electric vehicles under the goods and services tax regime may prove a major roadblock to the government’s drive to push e-vehicles, industry insiders say.

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via High GST rate on batteries to hit e-vehicle drive

Cut GST in diamond B2B deals: Traders

KOLKATA: Diamond traders have approached the government to do away with the 3% goods and services tax (GST) on B2B transactions, arguing that sending polished diamonds from Surat manufacturing unit to their branch offices in Mumbai is attracting GST, making their business unprofitable, at a time whe

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via Cut GST in diamond B2B deals: Traders

GST may drive mega sale in December

MUMBAI: Some retail stores and chains are preparing for a year-end sale this December, with discounts up to 50% likely on branded clothes, gadgets, kitchen appliances and toys if they don’t get relief from a restriction imposed in the goods and services tax regime.

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via GST may drive mega sale in December

Reforms should help improve ease of biz ranking further next year: Subhash Chandra Garg, DEA Secy

Talking to ET Now, Subhash Chandra Garg , DEA Secy , says going forward, the slew of reforms which are in process should in my judgement result in a significant improvement. India has jumped 30 ranks in Ease of Doing Business index. What is the target next year?

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via Reforms should help improve ease of biz ranking further next year: Subhash Chandra Garg, DEA Secy

GST to have big impact on ease of business ranking next year: Ramesh Abhishek

India has vaulted substantially – a jump of 30 ranks – to occupy the 100th place this year in the World Bank’s ‘Doing Business’ report, bringing it closer to the target set by Prime Minister Narendra Modi to be in the top-50 countries.

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via GST to have big impact on ease of business ranking next year: Ramesh Abhishek

Recap to give state-run banks adequate room for provisioning: Rashesh Shah, Edelweiss Group

At least half of the government's proposed Rs 2.11 lakh crore capital boost for state-run banks will be used to write-off bad loans in highly leveraged companies that need restructuring to become viable, says Rashesh Shah , chairman and chief executive of Edelweiss group .

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via Recap to give state-run banks adequate room for provisioning: Rashesh Shah, Edelweiss Group

No agreement on valuation doesn't mean a deal can't happen in future: R Thyagarajan, Shriram Group

Any takeover transaction involves complexities, but nothing is more complicated than combining four listed entities and numerous other businesses. The Shriram Group and IDFC Bank aspired to do just that, but failed in the attempt.

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via No agreement on valuation doesn't mean a deal can't happen in future: R Thyagarajan, Shriram Group

With $75 million buy, Ebix plans to yake Via.com places

MUMBAI: US based software and services company Ebix has acquired online travel portal Via.com for $75 million. The acquisition will help Ebix expand its scope of offerings in the travel segment and add more than a lakh of retail outlets to the EbixCash family.

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via With $75 million buy, Ebix plans to yake Via.com places

Potential merger of Zomato and Swiggy on the cards?

MUMBAI: Food ordering and delivery platform Swiggy evaluated a potential stockbased merger with rival Zomato according to four people aware of the development, which signals the hectic parleys underway in the Indian internet industry as even competitors seek avenues for cooperation.

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via Potential merger of Zomato and Swiggy on the cards?

PhonePe eyes offline market with low-cost PoS devices

BENGALURU: Online retailer Flipkart's payments arm PhonePe launched on Tuesday a low-cost point-of-sale device, as part of the company's strategy to tap into the offline market, competing directly with Noida-based rival Paytm, which has a strong offline presence through its QR codes.

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via PhonePe eyes offline market with low-cost PoS devices

Good days may follow goods in highest tax slab, next big GST move could reduce prices of many items

NEW DELHI: India could review the application of the highest 28% slab under the goods and services tax (GST) and consider imposing a lower rate on items of frequent use, with policymakers supporting a move along these lines.

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via Good days may follow goods in highest tax slab, next big GST move could reduce prices of many items

Ashley Furniture plans to add 500 robots over next two years

MENOMONIE, Wisc. - Ashley Furniture is gearing up on the technology front, with plans for adding 500 robots to supplement the workforce on its production lines. Todd Wanek, president and CEO of Ashley Furniture Industries Inc.

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via Ashley Furniture plans to add 500 robots over next two years

Tata Steel rejigs roles of two key executives, move linked to merger with Thyssenkrupp

KOLKATA: Tata Steel’s decision to rejig the roles of two key executives — managing director (India & Southeast Asia) TV Narendran and group executive director and chief finance officer Koushik Chatterjee — is linked closely to its proposed merger with Thyssenkrupp in Europe and the focus to gr

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via Tata Steel rejigs roles of two key executives, move linked to merger with Thyssenkrupp

Tools: The Final Disposition

As our first response below reiterates, last week’s editorial raised the question of woodworkers’ plans for the final disposition of their tools. – Editor “’Where do your Tools go when you die?’ This is such an important question. I have been pondering this for a long time.

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via Tools: The Final Disposition

MobiKwik hires top executives for offline expansion and strengthening tech platform

MUMBAI: Digital payments major MobiKwik has hired a string of top level executives to manage its offline digital payments business and help the company to strengthen its technology platform to support such transactions.

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via MobiKwik hires top executives for offline expansion and strengthening tech platform

Pine Chest

Here are some pictures of a pine chest I made for my daughters wedding in October. As you can see it is lined with cedar on the inside and has oak slats on the outside.

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via Pine Chest

Video: Prepping Wood for Water Based Finishes

Water-based finishes can raise the grain fibers, leaving a rough surface. Before applying water-based finishes, it’s a good idea to wet the surface with water to intentionally raise the grain. Then sand the surface with 400 grit sandpaper to smooth the surface.

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via Video: Prepping Wood for Water Based Finishes

A-Hunting I Will Go!

I am aware that hunting is not a pastime that is well thought of by all. And if you are offended by it, I understand and I am sorry to bring this before you.

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via A-Hunting I Will Go!

Micro Jig: Ending Table Saw Injuries by 2020

No matter how experienced you are with a table saw or how much you believe that injuries can be avoided by just staying alert, they still happen with alarming frequency. The Consumer Products Safety Commission estimates that 54,800 table saw accidents occur annually.

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via Micro Jig: Ending Table Saw Injuries by 2020

How to Keep Catalpa from Darkening?

My husband made a bench from a catalpa limb we lost in a storm some years ago. The wood is very light colored and I would like to keep it that way. Is there a finishing product that might act like a “sunscreen” to keep the wood from getting darker with age? – Hanna Hofer

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via How to Keep Catalpa from Darkening?

Bosch FlexiClick™ 5-in-1 Drill/Driver

Bosch’s 12V Max FlexiClick™ 5-In-1 Drill/Driver System can help drill holes and drive screws in confined places that would be unreachable by larger tools. The 12-volt driver comes with four professional-grade attachments: a 3/8-in.

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via Bosch FlexiClick™ 5-in-1 Drill/Driver

DeWALT 20V Max* Jobsite Fan

In efforts to expand its 20V MAX* system of more than 100 cordless products, DeWALT is launching this 20V MAX* Jobsite Fan. It’s compatible with both 20V MAX* and FLEXVOLT® battery systems. With a 4.

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via DeWALT 20V Max* Jobsite Fan

EbixCash acquires online travel portal Via.com for $75 million

MUMBAI: US-based software and services company Ebix has acquired online travel portal Via.com for almost $75 million which will help expand Ebix’s distribution network to over 2,24,000 distribution outlets across India and other South East Asian countries.

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via EbixCash acquires online travel portal Via.com for $75 million

AU Small Finance Bank, SIDBI come together to boost MSME financing

AU Small Finance Bank, one of the fast growing banks in India, signed a Memorandum of Understanding (MOU) with Small Industries Development Bank of India (SIDBI) on October 28 in Jaipur. This partnership seeks to provide an impetus to funding MSMEs.

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via AU Small Finance Bank, SIDBI come together to boost MSME financing

Carving Out a Pumpkin Pine Finish

We experimented to find the perfect recipe for this most-requested finish for pine – and it’s as easy as pie. Pumpkin pine is a developed patina that glows a warm orangy color similar to – you guessed it – a pumpkin.

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via Carving Out a Pumpkin Pine Finish

MSMEs an important chapter in Indian economy: Swiss diplomat

NEW DELHI: Small and medium enterprises account for over half of employment worldwide, Swiss envoy to India Andreas Baum said today, noting that this sector will continue to be an important chapter in the Indian economy.

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via MSMEs an important chapter in Indian economy: Swiss diplomat

Govt reforms and big bang projects giving leg-up to market sentiment: Sanjeev Zarbade, Kotak Securities

Talking to ET Now, Sanjeev Zarbade, Vice President-PCG Research, Kotak Securities , says there are no major triggers for the market because the market is trading at almost 18 times FY19 earnings. Axis Bank is up 8% at Rs 523, 39 bucks gained in a single session.

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via Govt reforms and big bang projects giving leg-up to market sentiment: Sanjeev Zarbade, Kotak Securities

Bond yields should stabilise in 6.85%-6.90% range: K Harihar, FirstRand Bank

Talking to ET Now, K Harihar, FirstRand Bank , says if the recap bonds come in as a NOHC borrowing, then it is seen as a below the line kind of borrowing and it will also be seen equivalent to say a National Housing Bank bond or REC bond.

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via Bond yields should stabilise in 6.85%-6.90% range: K Harihar, FirstRand Bank

Happy Halloween From Tools in Action

We would like to wish you a safe and happy Halloween from us to you.  We hope you get a ton of candy tonight.  Here is a pretty fun video to start off your day.

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via Happy Halloween From Tools in Action

Uber, Mphasis launch services to assist disabled passengers

MUMBAI: Global ride-hailing company Uber on Tuesday announced the launch of two new products uberACCESS and uberASSIST in Bengaluru, supported by Mphasis, a leading cloud and cognitive services provider, as a part of their Corporate Social Responsibility (CSR) initiative.

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via Uber, Mphasis launch services to assist disabled passengers

Amazon Prime to be available at Rs 999 from tomorrow - up from Rs 499

Discounts and deals have been fizzling out with e-commerce sale festivals wrapping up post Diwali. Although some offers still continue to loom on these platforms, Amazon is pulling back its subsidized subscription pf Prime.

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via Amazon Prime to be available at Rs 999 from tomorrow - up from Rs 499

Netmeds raises $14 million from Tanncam, Sistema Asia Fund

NEW DELHI: Online pharmacy Netmeds has raised $14 million (over Rs 90 crore) in the latest round of funding from Cambodian investment holding company Tanncam and venture firm Sistema Asia Fund.

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via Netmeds raises $14 million from Tanncam, Sistema Asia Fund

Shadowfax acquires assets of Peppertap owner NuvoEx logistics

BENGALURU: In a bid to focus on last-mile delivery, on-demand logistics company Shadowfax is set to acquire the business assets of NuvoEx, an e-commerce focused specialised logistics business, for an undisclosed amount.

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via Shadowfax acquires assets of Peppertap owner NuvoEx logistics

After New India issue, govt holding would come down to 85.5%, says CMD

Talking to ET Now, G Srinivasan , CMD, The New India Assurance Company , says 80% of the proceeds of the issue would go to the government, only 20% would come to the company. The additional funds raised would be used by the company to maintain the solvency ratio.

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via After New India issue, govt holding would come down to 85.5%, says CMD

Not ruling out possibility of deal with IDFC in future: R Thyagarajan, Shriram Group

We will still look at the possibilities of working together if we can work out the details, says R Thyagarajan, Chairman, Shriram Group, talking to ET Now. . Edited excerpts: The deal is off. What happened?

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via Not ruling out possibility of deal with IDFC in future: R Thyagarajan, Shriram Group

DriveOut Sale: Zoomcar offers 50% off on bookings for rentals

BENGALURU: To simplify the process of booking a rental, Zoomcar has launched a two-day DriveOut Sale from October 31, offering 50% discounts on trips all through November. This is one of the biggest self-drive offers by the company in India.

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via DriveOut Sale: Zoomcar offers 50% off on bookings for rentals

In 3-5 years, many consumer stocks will emerge as multibaggers: Vinay Khattar, Edelweiss Financial Services

Which are the stocks that HNIs playing in this recovery season? One of the favourite sectors for this particular segment has been on the infra construction side. If you were to look at what government has done in last three or four years infra construction has been one of the clear focus areas.

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via In 3-5 years, many consumer stocks will emerge as multibaggers: Vinay Khattar, Edelweiss Financial Services

3 top ideas to make money from Centrum Wealth’s Kunj Bansal

Talking to ET Now, Kunj Bansal , ED & CIO, Centrum Wealth Management , says is bullish on Cholamandalam Investment, Nilkamal as well as Techno Electric. The key talking point this morning is the backing that Axis Capital is potentially getting from Bain Capital.

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via 3 top ideas to make money from Centrum Wealth’s Kunj Bansal

Collateral benefit: Why self-driving cars owe a lot to Afghan, Iraq wars

The brief history of the self-driving car is parked in Pittsburgh. Robotic vehicles built by students and professors stand sentry on the campus green at Carnegie Mellon University.

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via Collateral benefit: Why self-driving cars owe a lot to Afghan, Iraq wars

Amazon teaches Alexa to speak Hinglish. Apple's Siri is next

The US e-commerce company is beginning to ship Echo speakers in India this week, about a year after bringing them to foreign markets like the UK and Germany.

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via Amazon teaches Alexa to speak Hinglish. Apple's Siri is next

Trouble for small businesses? Supreme Court ruling lets I-T department open closed cases

MUMBAI: Many individuals and small businesses could now find the tax office raking up old wounds and chasing tax demands they believed had been long forgiven.

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via Trouble for small businesses? Supreme Court ruling lets I-T department open closed cases

Restaurants hopeful of GST council approving rate cut

NEW DELHI: The restaurant industry is hopeful of the GST Council accepting a ministerial panel’s recommendation to reduce the rate under the GST composition scheme to 1% and levy a uniform tax rate for the rest of the sector.

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via Restaurants hopeful of GST council approving rate cut

All banks set to align digital payment solutions under Bhim

MUMBAI: Indian banks, both public and private, are set to bring their digital payment solutions under the umbrella of Bhim or the Bharat Interface for Money, in a move that could boost widespread adoption of the Unified Payments Interface (UPI).

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via All banks set to align digital payment solutions under Bhim

'GST filing may be tweaked to simplify it'

NEW DELHI: The government is considering a proposal to tweak the way people file their goods and services tax (GST) returns.

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via 'GST filing may be tweaked to simplify it'

Deal didn't go through as we could not agree on relative value: Rajiv Lall, IDFC Bank

Was the complex structure the reason behind the deal's collapse? It was complex no doubt. There are four listed companies. Now, in retrospect what I can say is we made the announcement because there were listed companies involved. It was impossible for any listed company to have open negotiations.

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via Deal didn't go through as we could not agree on relative value: Rajiv Lall, IDFC Bank

NCLT approves resolution plan for Prowess International

MUMBAI: The National Company Law Tribunal has approved a resolution plan for Prowess International, a Jamshedpur-based service provider to the iron and steel sector, after the company cited rising cash flows and a swelling order book to demonstrate before the dedicated bankruptcy court its ability t

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via NCLT approves resolution plan for Prowess International

MyPetrolPump to raise funds from central initiative

BENGALURU: City-based startup MyPetrolPump today said it was keen to avail benefits under a central government initiative to raise funds for extending their technology solutions to detect and prevent fuel adulteration.

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via MyPetrolPump to raise funds from central initiative

Freshmenu opens first front-facing kitchen, targets 2x revenue growth in FY18

MUMBAI: Food tech startup Freshmenu has opened its first front-facing kitchen at Bangalore airport as it looks to double down on expanding its order base.

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via Freshmenu opens first front-facing kitchen, targets 2x revenue growth in FY18

Cement prices to rise in North India following petcoke ban by Supreme Court: India Ratings

Cement prices in northern states of India are expected to rise on the back of rising costs brought about by a ban on the use of petcoke in the Delhi NCR region from November 1, according to India Ratings and Research. Petcoke is a key raw material that goes into the making of cement.

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via Cement prices to rise in North India following petcoke ban by Supreme Court: India Ratings

SAIL to raise capacity of iron ore mines in Jharkhand

KOLKATA: Steel Authority of India Limited (SAIL), one of the largest state-owned steel makers, is poised to raise the capacity of its iron ore mines in Jharkhand.

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via SAIL to raise capacity of iron ore mines in Jharkhand

Only top four-five public sector banks can be looked at: Ajay Bagga

Talking to ET Now, Ajay Bagga , Market Expert, says recap and infra announcements have led to some amount of rerating in PSU banks and industrials.

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via Only top four-five public sector banks can be looked at: Ajay Bagga

Milwaukee Tower Light Review

When it comes to lighting, Milwaukee owns the market.  Milwaukee offers anything from a simple pen light to this tower light.  No other power tool manufacturer can compete with Milwaukee.

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via Milwaukee Tower Light Review

More hits than misses this earnings season: Vivek Mahajan, Aditya Birla Money

Talking to ET Now, Vivek Mahajan , HoR, Aditya Birla Money , says regarding recapitalisation of PSBs, the amount provided is inadequate. The very fact that it is going to be invested over the next two years may not be enough.

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via More hits than misses this earnings season: Vivek Mahajan, Aditya Birla Money

Government extends GSTR-2 & GSTR-3 to Nov 30 and Dec 11

To facilitate trade, the government has extended the last date for filing GSTR-2 & GSTR-3 for July 2017 extended to Nov 30 and Dec 11, 2017 respectively.

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via Government extends GSTR-2 & GSTR-3 to Nov 30 and Dec 11

Snapdeal threatens legal action against GoJavas parent company

NEW DELHI: Jasper Infotech, which owns and operates online marketplace Snapdeal and logistics venture Vulcan Express, has responded to the claims made by Quickdel Logistics, which owns logistics venture GoJavas, terming them false and extortionary.

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via Snapdeal threatens legal action against GoJavas parent company

New earthquake-resistant concrete to be tested in India

TORONOTO: Researchers plan to retrofit a school building in quake-prone Uttarakhand with a novel concrete coating that can dramatically enhance the earthquake resistance of seismically vulnerable structures.

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via New earthquake-resistant concrete to be tested in India

Rebound of cement demand delayed to 2018: ICRA

As cement offtake remained weak in the first half of the current fiscal ending September, ratings agency ICRA forecasts demand to bounce back from the last quarter, pinning hopes on housing and infrastructure to revive demand.

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via Rebound of cement demand delayed to 2018: ICRA

Oil price beyond $60/ barrel a huge challenge: Sunil Kumar Sinha, India Ratings

Talking to ET Now, Mythili Bhusnurmath , Consulting Editor, ET NOW and Sunil Kumar Sinha , Principal Economist, India Ratings, discuss rising oil prices, global growth recovery and the impact on India. The rising crude is not going to augur well for the fisc.

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via Oil price beyond $60/ barrel a huge challenge: Sunil Kumar Sinha, India Ratings

EdGE Networks raises $4.5 million funding led by Kalaari Capital

Bengaluru-based HR tech solutions company EdGE Networks has secured $4.5 million in Series A funding led by Kalaari Capital with Ventureast as co-investor.

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via EdGE Networks raises $4.5 million funding led by Kalaari Capital

We would like the microfinance book to grow 40%-50% in next 2-3 years: Ashish Damani, Bharat Financial

Talking to ET Now, Ashish Damani, CFO, Bharat Financial , says for loans disbursed 1st January onwards, the collection efficiency is at 99.8%. A profit of Rs 120 crore this time around. Are you seeing normalcy in your overall operations and what really attributed to this kind of a number?

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via We would like the microfinance book to grow 40%-50% in next 2-3 years: Ashish Damani, Bharat Financial

Indian markets attractive for investors with medium to long-term view: Siddharth Bothra, Motilal Oswal AM

Talking to ET Now, Siddharth Bothra , Senior VP/Fund Manager, Motilal Oswal Asset Management , says once we see the economy revive, corporate banks could provide good opportunities again.

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via Indian markets attractive for investors with medium to long-term view: Siddharth Bothra, Motilal Oswal AM

Decathlon products to be available on Flipkart now

BENGALURU: In a bid to strengthen its sports offerings, online retailer Flipkart has partnered with sports retail giant Decathlon to sell its sports merchandise on the Flipkart platform.

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via Decathlon products to be available on Flipkart now

Deep-sea crawler to help mine minerals

After plunging into the depths of earth, Indian scientists are developing technology to retrieve minerals from the heart of the ocean. The technology will help mine polymetallic nodules some 6,000km from the country's shoreline at a depth of 6km in the Central Indian Ocean Basin.

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via Deep-sea crawler to help mine minerals

Ola extends 'Auto-Connect WiFi' to its 3-wheeler service

BENGALURU: Cab-hailing service Ola on Monday announced to extend its complimentary "Auto-Connect WiFi" service to its Ola autorickshaw facility across 73 cities in the country. Wi-Fi connectivity for existing Ola customers begins as soon as the trip starts.

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via Ola extends 'Auto-Connect WiFi' to its 3-wheeler service

We should target 40% loan growth for next 2-3 years: Sanjay Agarwal, AU Small Finance Bank

Talking to ET Now, Sanjay Agarwal , MD, AU Small Finance Bank , says 85% of the assets are retail and they will add on housing from April onwards. Profit growth has been flat for the quarter gone by. What led to the flat profit growth?

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via We should target 40% loan growth for next 2-3 years: Sanjay Agarwal, AU Small Finance Bank

This small Kolkata-based manufacturer is giving Modi's Clean Ganga project a big fillip

Cleaning the mighty Ganga is now a National Mission, but the task is not an easy one. Casualty of decades of pollution, Ganga and in fact most water bodies in India are under severe threat of being an ecological disaster.

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via This small Kolkata-based manufacturer is giving Modi's Clean Ganga project a big fillip

In NBFCs, men will be separated from boys: Nilesh Shah, Kotak AMC

In an interview with ET Now, Nilesh Shah, MD, Kotak AMC, says those NBFCs which are focussed on certain niches and where banking sector will not be able to compete by virtue of the restrictions, will continue to create value for shareholders.

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via In NBFCs, men will be separated from boys: Nilesh Shah, Kotak AMC

GoM for 12% GST on AC eateries, composition scheme tax cut

NEW DELHI: The Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent. At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent.

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via GoM for 12% GST on AC eateries, composition scheme tax cut

Yes Bank to perform better than ICICI Bank over next 1 year: P Phani Sekhar, Karvy Stock Broking

Talking to ET Now, P Phani Sekhar , Fund Manager - PMS, Karvy Stock Broking , says over the next two to three quarters, as things settle down a little bit, there is going to be a turnaround in the corporate banking segment. ICICI Bank is one story.

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via Yes Bank to perform better than ICICI Bank over next 1 year: P Phani Sekhar, Karvy Stock Broking

Betting on internet of money

With a current market cap of over $143 billion, cryptocurrencies are changing the way we understand finance and economics. For perspective, Facebook has a value of $496 billion, or 3.46 times the entire market capitalisation of all cryptocurrencies worldwide.

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via Betting on internet of money

How InstaOffice is partnering with landlords to disrupt commercial real estate space

One could be forgiven for thinking that with the proliferation of co-working solutions in India, the problem of finding an office space would be over. While functional workstations may be in supply, the demand for high quality productive spaces at affordable rates is still not being met.

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via How InstaOffice is partnering with landlords to disrupt commercial real estate space

Rivigo's total revenue for FY17 zooms 170% to Rs 402 crore

BENGALURU: Logistics startup Rivigo Services clocked a 170% jump in total evenue to Rs 402 crore during revenue to Rs 402 crore during FY17 from Rs 149 crore in the previous year, while the company's losses soared by 2,400% to Rs 137 crore from Rs 5.

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via Rivigo's total revenue for FY17 zooms 170% to Rs 402 crore

Nasscom Product Council opens a DeepTech Club

BENGALURU: Nasscom Product Council (NPC), the IT lobby’s platform for software product companies to showcase products and connect with peers, will focus on artificial intelligence (AI) and machine learning (ML) in the upcoming conclave to be held in Bengaluru.

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via Nasscom Product Council opens a DeepTech Club

FirstCry parent's revenue rises to Rs 239 crore in FY17

BENGALURU: In a financial year that it acquired Mahindra Retail, BrainBees Solutions, which owns online baby products retailer FirstCry, saw losses soar to Rs 393 crore in FY 2017, from Rs 277 crore in FY 16.

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via FirstCry parent's revenue rises to Rs 239 crore in FY17

Mahindra, Infuse Ventures sow $2 million Seed Fund in Gold Farm

BENGALURU: Gold Farm, a supply chain-focussed aggregation platform for farm equipment, has raised a seed fund of $2 million from Mahindra and venture capital fund Infuse Ventures.

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via Mahindra, Infuse Ventures sow $2 million Seed Fund in Gold Farm

Digital push will help startups try new things: Steve Ellis

The digital infrastructure that the Indian government is building will assist startups to try new things, says Steve Ellis, executive vice-president at Wells Fargo.

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via Digital push will help startups try new things: Steve Ellis

Festive spirit keeps e-wallets on a high

MUMBAI: When the call of duty kept a soldier in Jammu and Kashmir this Diwali, he used his Paytm digital wallet to transfer a gift of Rs 1,001 to his family in Raipur.

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via Festive spirit keeps e-wallets on a high

Our marketing margins have been steady at Rs 3000-cr plus: Sanjiv Singh, Indian Oil

Talking to ET Now, Sanjiv Singh , Chairman, Indian Oil , say sees continuous demand growth in double digits for LPG which we expect will continue for quite some time. How has Indian Oil fared?

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via Our marketing margins have been steady at Rs 3000-cr plus: Sanjiv Singh, Indian Oil

Festive spirit keeps e-wallets on a high

MUMBAI: When the call of duty kept a soldier in Jammu and Kashmir this Diwali, he used his Paytm digital wallet Rs 1,001 to to transfer a gift of his family in Raipur.

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via Festive spirit keeps e-wallets on a high

We've been feeding capital to HDFC Life, it's time to return: Deepak Parekh, HDFC

Deepak Parekh , chairman of Housing Development Finance Co . ( HDFC ), is back in the IPO market. Parekh, who gave HDFC Bank to Indian investors, is coming up with HDFC Life's share sale next month.

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via We've been feeding capital to HDFC Life, it's time to return: Deepak Parekh, HDFC

Anil Agarwal plans Rs 10,000 crore investment in Jharkhand

KOLKATA: Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant. Agarwal, who hails from the region, said the project will mark his entry into steel.

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via Anil Agarwal plans Rs 10,000 crore investment in Jharkhand

Mittal's SAfrican steel company seeks new CEO

JOHANNESBURG: ArcelorMittal SA, the embattled South African subsidiary in the global portfolio of steel magnate Lakshmi Mittal, has been seeking its fourth chief executive after its current CEO Wim de Klerk announced his retirement.

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via Mittal's SAfrican steel company seeks new CEO

Private power plants to CIL: Increase supplies from Korba fields

NEW DELHI: Private power producers have asked Coal India for more rakes to alleviate the shortage of coal at their plants from its arm South Eastern Coalfields' Korba fields.

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via Private power plants to CIL: Increase supplies from Korba fields

Businesses under composition scheme to soon start filing GST returns

Businesses which opted for composition scheme in the July-September quarter will get to file their maiden GST returns soon.

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via Businesses under composition scheme to soon start filing GST returns

Odisha confident of mega project on land earmarked to Posco

Unfazed by 's move of suspending its plan to set up a Rs 52,000-crore steel plant in Odisha, the state government said a project "with huge investment" is expected as many big companies are showing interest in the land allotted to the Korean steel major.

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via Odisha confident of mega project on land earmarked to Posco

Essar Group, Tatas, ArcelorMittal eye Essar Steel

Top global players including Tata Steel, Essar Group and ArcelorMittal are learnt to have submitted bids to acquire debt-laden Essar Steel which is going through the insolvency resolution process.

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via Essar Group, Tatas, ArcelorMittal eye Essar Steel

Government plans mega event to mark Entrepreneurship Day on November 9

In a bid to augment the business ecosystem, the government plans to celebrate November 9 as the National Entrepreneurship Day and hold events and activities dedicated to the prospective entrepreneurs of the country.

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via Government plans mega event to mark Entrepreneurship Day on November 9

Stage 3 goes in for more funding, eyes $2.5 mn in fresh round

Stage 3, a platform for renting and buying designer outfits at a discounted price, is looking to raise USD 2.5 million in a fresh round of funding as it ramps up operations and opens offline stores.

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via Stage 3 goes in for more funding, eyes $2.5 mn in fresh round

For these startups, less VC cash made more sense

Nitish Mittersain was seven when he wrote the code for his first game. Hailing from a Marwari family, he was expected to run a business but his family of textile traders didn't think he would pick a gaming business. Straight out of college in 2000, he set up Nazara Games.

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via For these startups, less VC cash made more sense

'You refine your idea daily, not quarterly like a listed company'

After spending more than two decades in corporate hospitals, Vishal Bali branched out and set up healthcare services provider Medwell Ventures in 2014 with Ferzaan Engineer, Lalit Pai and Himanshu Shah.

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via 'You refine your idea daily, not quarterly like a listed company'

How a seaweed is providing Sea6 Energy and its four founders from IIT-Madras with opportunities

The founders of Sea6 Energy know in their bones that the company owes its existence to a series of coincidences early in its history. The first of these was in 2009, when founders Sailaja Nori, Nelson Vadasseri, Sayash Kumar and Sowmya Balendiran were students at IIT-Madras.

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via How a seaweed is providing Sea6 Energy and its four founders from IIT-Madras with opportunities

Here is how young entrepreneurs are making sure you have the great Indian coffee experience

You wish you could sit all day at Koinonia Coffee Roaster’s tiny café at Chuim Village in Khar (West), Mumbai, surrounded by the smell of freshly ground coffee and the gentle hum of espresso machines.

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via Here is how young entrepreneurs are making sure you have the great Indian coffee experience

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We will focus on companies’ guidance for next year: Sunil Subramaniam, Sundaram MF

Talking to ET Now, Sunil Subramaniam, CEO, Sundaram Mutual Fund, says the consumption numbers which the market was anticipating are broadly coming through in terms of the top line numbers at least. Edited excerpts:

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via We will focus on companies’ guidance for next year: Sunil Subramaniam, Sundaram MF

Sarvendra Srivastava's 2 top trading bets for next week

Talking to ET Now, Sarvendra Srivastava, Independent Market Analyst, says he has a buy on Engineers India and Glenmark. ET Now: It is 10,300 here on Nifty, knocking on 10,350. What does the new series have in store for us?

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via Sarvendra Srivastava's 2 top trading bets for next week

GST to fuel growth of grocery products incrementally: Euromonitor

Daily-use products including soap, tooth paste, instant noodles and edible oil, among others could see a 2-5% increase in demand over the next 12 months, according to a report by global research and analytics firm Euromonitor, as lower levies on these items under GST is seen fuelling consumption and

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via GST to fuel growth of grocery products incrementally: Euromonitor

Startup India will encourage youths to be 'job givers' not 'job seekers': JK minister

JAMMU: The central government's 'Startup India' scheme will give a new dimension to entrepreneurship in the country wherein youngsters will be encouraged to become 'job givers' rather than 'job seekers', Jammu and Kashmir minister Priya Sethi has said.

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via Startup India will encourage youths to be 'job givers' not 'job seekers': JK minister

Publishers versus authors: Who will pay GST on royalty?

Indian authors— both of fiction and subjects more prosaic —are closely monitoring a court case filed in the Delhi High Court.

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via Publishers versus authors: Who will pay GST on royalty?

High single-digit growth for banks in FY18 seen: Shibani Sircar Kurian, Kotak MF

Talking to ET Now, Shibani Sircar Kurian, Kotak MF, says the whole PSU banks capitalisation plan will lead to NPA resolution and will prove to be good from a sector perspective and for the corporate banking space as a whole.

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via High single-digit growth for banks in FY18 seen: Shibani Sircar Kurian, Kotak MF

How Amazon turns earnings report into marketing event

Big technology companies had a wonderful romp in after-hours trading. Following Thursday's third-quarter earnings, most of the big names were up. Microsoft jumped as much as 4.6 percent; Alphabet was up around 3 percent.

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via How Amazon turns earnings report into marketing event

Modified bikes move out of small garages, take the highway to India

MUMBAI: The chopper, or the modified bike, started as a trend in California in the 1950s. In India, while small bike garages have started modifying motorcycles to meet the demand for fancy machines, it is for the first time that an Indian company has decided to launch bespoke choppers.

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via Modified bikes move out of small garages, take the highway to India

Matte Finishing Techniques

A flat or matte finish is perfect for those who prize the look of natural wood. Unlike shiny finishes, which can be distracting, flat or matte finishes leave a silky-smooth surface while capturing all the rich colors wood has to offer.

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via Matte Finishing Techniques

Turnover has grown 21%, average discount per vehicle has fallen: RC Bhargava, Maruti

Talking to ET Now, RC Bhargava, Chairman, Marut i, says though he does not know what the margins will be in the next two quarters, there is no reason why the automobile major should not be profitable Edited excerpts: Maruti Suzuki reported a profit of Rs 2,484 crore for the second quarter ended 30

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via Turnover has grown 21%, average discount per vehicle has fallen: RC Bhargava, Maruti

DJUBO ties up with TripAdvisor to make search for budget hotels in India easier

NEW DELHI: India based hotel tech startup, DJUBO announced that it has tied up with TripAdvisor to enable travellers to better discover more value options when looking to stay at budget hotels in India.

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via DJUBO ties up with TripAdvisor to make search for budget hotels in India easier

Total mobile wallet transactions in India to reach Rs 800 billion this year, says GlobalData

MUMBAI : Total mobile wallet transactions in India are on track to reach INR800bn in 2017, a growth of 113% on the previous year, according to GlobalData, a leading data and analytics company.

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via Total mobile wallet transactions in India to reach Rs 800 billion this year, says GlobalData

Jaypee Infra insolvency: IRP floats EoI for resolution plans

Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice.

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via Jaypee Infra insolvency: IRP floats EoI for resolution plans

Milwaukee Power Source Review

Every time I open my email, Milwaukee is coming out with something new to make our lives easier.  I will give it to Milwaukee, they don’t just sit around and talk about ideas. They have an idea and aren’t afraid to bring it to market.

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via Milwaukee Power Source Review

FY18 is turning out to be a year of growth for us: Nitin Rakesh, Mphasis

In a chat with ET Now , Nitin Rakesh , CEO, and V Suryanarayanan , CFO, Mphasis, discuss how it came about better than expected profits for Q2 and future growth plans. The technology company reported 4.

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via FY18 is turning out to be a year of growth for us: Nitin Rakesh, Mphasis

Mobile wallets will become strong players: Paytm official

NEW DELHI: Mobile wallets will become strong players in the financial ecosystem as the RBI guidelines on prepaid instruments will allow more features like unlimited transfer of funds between a bank account and a wallet, a top official of Paytm Payments Bank said.

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via Mobile wallets will become strong players: Paytm official

OYO calls off acquisition talks with ZO Rooms

NEW DELHI:Hospitality firm OYO on Friday said it has called off all discussions on acquiring online budget accommodation aggregator ZO Rooms.

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via OYO calls off acquisition talks with ZO Rooms

Amazon set to expand to 238 cities across North America

Amazon said this week it had received proposals from 238 cities and regions across North America that are vying for its new, second headquarters, called HQ2.

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via Amazon set to expand to 238 cities across North America

Yen likely at 150 to a dollar in 2018, to impact emerging markets: Russell Napier

In an exclusive interview with Tanvir Gill of ET Now, Russell Napier, Independent Investment Strategist, says Japan is running out of savings on which it ran for nearly three decades. There is breakout coming for Japan and the data point for that would be the Bank of Japan’s balance sheet.

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via Yen likely at 150 to a dollar in 2018, to impact emerging markets: Russell Napier

There is lack of money not only in India, but across the world: Russell Napier

There is shortage of money as bond finance is taking over from bank finance, says Russell Napier, Independent Investment Strategist, in an exclusive interview with Tanvir Gill of ET Now. Napier says the official number for the growth in broad money in India is at the lowest level since 1963.

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via There is lack of money not only in India, but across the world: Russell Napier

15% growth likely in overall AUM this year even as microfinance dips 30%: PN Vasudevan, Equitas

Talking to ET Now, PN Vasudevan , MD, Equitas , says expects NPA to come down to March 2017 level by end of the second half of this year. Disappointing performance, what happened?

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via 15% growth likely in overall AUM this year even as microfinance dips 30%: PN Vasudevan, Equitas

Sumeet Nagar on the stock that could become a multibagger

And they are third party manufacturers? They are third party manufacturers but for innovator drugs.

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via Sumeet Nagar on the stock that could become a multibagger

Self-driving startups race down a narrowing road

DETROIT/SAN FRANCISCO: Lei Xu and Justin Song once worked at electric carmaker Tesla Inc, one of the hottest companies in Silicon Valley. But with interest and investments in autonomous vehicles mounting, they left to pursue what they see as the next big thing.

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via Self-driving startups race down a narrowing road

Guardians of the Internet: An inside view from Microsoft's Digital Crimes Unit

In an unmarked building in central Delhi, a group of techies are fixated on their screens as a set of numbers and heat maps keeps them interested. "Some of the data pertain to IP addresses of infected computers.

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via Guardians of the Internet: An inside view from Microsoft's Digital Crimes Unit

See 10%-15% upside in United Spirits in next 1 year: Abneesh Roy, Edelweiss

Talking about ET Now, Abneesh Roy, Edelweiss, says United Spirits’ premiumisation policy has played off and that he expects the company to gain market share in the Prestige and Premium categories. What a fab performance it has been, strong results in a difficult operating scenario.

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via See 10%-15% upside in United Spirits in next 1 year: Abneesh Roy, Edelweiss

Small and medium sized solar manufacturers float industry body

NEW DELHI: A group of small and medium-sized solar module manufactures have formed a new industry association by the name North India Module Manufacturer Association (NIMMA) in a bid to voice their concerns.

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via Small and medium sized solar manufacturers float industry body

Betting on this theme for investment: Mukul Kochhar, Investec Capital Services

Talking to ET Now, Mukul Kochhar, Investec Capital Services , says he is bullish on sectors like two-wheelers, white goods and media within the overall theme of consumer discretionaries. What is going on with Yes Bank? How do you read into what they have disclosed and indicated yesterday?

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via Betting on this theme for investment: Mukul Kochhar, Investec Capital Services

Amazon's international losses nearly double to $936 million while India continues to see most investments

BENGALURU: Amazon's international losses continued to grow into the third quarter fueled by the company’s aggressive push in India, swelling to $936 million compared to $541 million in the September quarter of 2016. The nine month losses form international businesses grew nearly threefold to $2.

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via Amazon's international losses nearly double to $936 million while India continues to see most investments

Govt extends date to claim GST transition credit till Nov 30

NEW DELHI: The government today extended the deadline by a month till November 30 for businesses to claim credit of transitional stock in the Goods and Services Tax (GST) regime.

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via Govt extends date to claim GST transition credit till Nov 30

OfBusiness secures additional debt funding worth Rs 25 crore from Kotak Bank

NEW DELHI: Matrix Partners-backed SME financing and product fulfilment platform OfBusiness has secured an additional debt funding worth Rs 25 crore from Kotak Mahindra Bank.

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via OfBusiness secures additional debt funding worth Rs 25 crore from Kotak Bank

Why US elections may become turning point in the way big tech firms function

CALIFORNIA: The tech giants are too big. They're getting bigger. We can stop them. But in all likelihood, we won't. The history of American business is one of repeated cycles of unfettered, sometimes catastrophic growth followed by periods of reflection and regulation.

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via Why US elections may become turning point in the way big tech firms function

Original4Sure secures $400,000 from clutch of investors

AHMEDABAD: Original4Sure, which offers anti-counterfeiting and original product identification solutions, has secured $400,000 from a clutch of investors led by Venture Highway, Startup Buddy and Nirav Chokshi.

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via Original4Sure secures $400,000 from clutch of investors

Don't care about being compared since we're running a different race: Amit Agarwal, Amazon

Amit Agarwal is indignant about Amazon India's performance being measured against Flipkart's. The homegrown ecommerce marketplace claimed the top position at this year's month-long festive season sales in terms of the gross value of goods sold.

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via Don't care about being compared since we're running a different race: Amit Agarwal, Amazon

Startups all set to engineer hiring rush at tech colleges

The upcoming placement season may be muted compared to last year’s recruitment drive, but engineering graduates still have reason to cheer. Startups across sectors are heading to the Indian Institutes of Technology and other engineering colleges to pick the best and brightest of talent.

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via Startups all set to engineer hiring rush at tech colleges

We were not trying to hide anything on bad loans: Shikha Sharma, Axis Bank

Axis Bank has been facing flak from investors and regulators on bad loans. In an interview with Saloni Shukla and MC Govardhana Rangan, the bank's chief executive Shikha Sharma discusses the divergence, what went wrong, and how she aims to fix the problems.

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via We were not trying to hide anything on bad loans: Shikha Sharma, Axis Bank

5 Ideas to market your business: WOOD 100 Strategies for Success

Working with celebrity designers, giveaways and expanded showrooms are just some of the ways the 2017 WOOD 100 companies are spreading the word about their products and services.

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via 5 Ideas to market your business: WOOD 100 Strategies for Success

5 Ways to attract customers: WOOD 100 Strategies for Success

Online promotions as well as traditional marketing efforts are among the ways these WOOD 100 companies are keeping their name at the forefront of customers' minds.

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via 5 Ways to attract customers: WOOD 100 Strategies for Success

23 Successful business strategies: WOOD 100

A corporate culture, product diversification, networking and acquisitions are just a few of the ways in which these WOOD 100 firms grew their profits. Also offering advanced training and empowering employees helps ensure a stable, and happy, workforce.

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via 23 Successful business strategies: WOOD 100

29 Ways woodworking technology helps grow sales: WOOD 100 Strategies for Success

New technology helps keep production rolling by reducing time, labor and improving quality – and essential factors in helping these WOOD 100 firms finish first in their field.

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via 29 Ways woodworking technology helps grow sales: WOOD 100 Strategies for Success

22 Tips to improve woodworking productivity: WOOD 100 Strategies for Success

These woodworking manufacturers are at the top when it comes to optimizing productivity. In addition to lean manufacturing, new technology and training methods, a successful strategy requires a commitment by all employees to the process.

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via 22 Tips to improve woodworking productivity: WOOD 100 Strategies for Success

10 Strategies for creating hot products: WOOD 100

Check out some of the strategies used by the 2017 WOOD 100 companies to develop innovative products.

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via 10 Strategies for creating hot products: WOOD 100

6 Service strategies for obtaining & retaining customers: WOOD 100

Good customer service is a vital component to success. Today's wood products manufacturers must also work harder, smarter and faster than their competitors.

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via 6 Service strategies for obtaining & retaining customers: WOOD 100

Japan's incubate fund backs fintech startup Olly-credit

Japan’s Incubate Fund has invested an undisclosed amount in Delhi based startup Olly-Credit, a fintech startup that offers micro credit cards with a dynamic credit limit of upto Rs 20,000.

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via Japan's incubate fund backs fintech startup Olly-credit

Paytm mall warns vendors against using unicommerce services

NEW DELHI: E-commerce firm Paytm Mall has told its sellers not to use services of Snapdeal-owned e-commerce management firm Unicommerce eSolutions and warned that any breach in this could result in either termination of contract or legal action for infringement of its legal rights.

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via Paytm mall warns vendors against using unicommerce services

Extraaedge: This firm helps educational institutions in admissions

BENGALURU: Abhishek Ballabh and Sushil Mundada had always been passionate about education and even spent time teaching kids, for free, during their previous jobs.

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via Extraaedge: This firm helps educational institutions in admissions

Next few months could be fantastic for PSU banks: Dipan Mehta

Talking to ET Now, Dipan Mehta, Member, BSE & NSE, says expectation will be high that the worst is over and these are solid turnaround stocks and of course there is dilution comfort which will attract many investors.

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via Next few months could be fantastic for PSU banks: Dipan Mehta

Still not sweet on PSBs as a pack, could give SBI a try: Jonathan Schiessl, Ashburton Investments

Talking to ET Now, Jonathan Schiessl, CIO, Ashburton Investments, says there are too many structural issues for the PSU bank pack as such and a lot of work needs to be done to clean up the whole PSU banking space.

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via Still not sweet on PSBs as a pack, could give SBI a try: Jonathan Schiessl, Ashburton Investments

450 entrepreneurs from 35 countries attend the 2017 EO Hyderabad University event

NEW DELHI/HYDERABAD: Entrepreneurs' Organization (EO) has kicked-off its bi-annual learning event, the EO Global University in Hyderabad this week.

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via 450 entrepreneurs from 35 countries attend the 2017 EO Hyderabad University event

Profits may have been below estimates but it was a great quarter for us: Ramesh Iyer, M&M Financial

Talking to ET Now, Ramesh Iyer, VC & MD, M&M Financial, says if had not moved to 90 day DPD, the gross NPA would be lower than what it was in June.

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via Profits may have been below estimates but it was a great quarter for us: Ramesh Iyer, M&M Financial

Franklin Sensor T6 Review

Since we aren’t all like Superman where we can see behind walls, manufacturers have created a tool that does this for us.  A wall scanner or stud finder is a handy tool that lets us become Superman for a couple of minutes.

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via Franklin Sensor T6 Review

Australia wrote letter to China to dispel misinformation against Adani's project

MELBOURNE: The Australian government today admitted writing a letter to China backing Indian mining giant Adani's controversy-hit Carmichael coal mine project in a bid to dispel "misinformation" campaign from the "radical left" to stop the 16.5 billion dollars venture, media reports said.

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via Australia wrote letter to China to dispel misinformation against Adani's project

ClearTax launches easy-to-use offline GST Calculator for SMEs

BENGALURU: ClearTax has launched an offline calculator to help SMEs, startups determine their monthly GST payout. The GST Calculator can be downloaded on any computer which has basic functionality and is capable of being used offline.

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via ClearTax launches easy-to-use offline GST Calculator for SMEs

'GST a gamechanger for economy, teething troubles expected'

New Delhi, Oct 26 () The introduction of GST is bound to be a "gamechanger" for India's economy despite the expected initial hiccups, which are being addressed by the government, a top official said today. "Implementation of GST this year is going to be a gamechanger for the economy and logistics.

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via 'GST a gamechanger for economy, teething troubles expected'

L&T construction arm bags orders worth Rs 3,551 crore

NEW DELHI: Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 3,551 crore across business segments.

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via L&T construction arm bags orders worth Rs 3,551 crore

Don’t think PSBs are out of the woods and will continue on a golden path: Pradip P Shah, IndAsia Fund Advisors

I remember a conversation we had about pharma a couple of quarters ago and you were quite optimistic about what Sun Pharma and Lupin were doing.

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via Don’t think PSBs are out of the woods and will continue on a golden path: Pradip P Shah, IndAsia Fund Advisors

We are looking at upwards of 20% margin: Sanjay Gupta, EIL

Talking to ET Now, Sanjay Gupta, CMD, EIL, says never before in the history of EIL, has the company booked such kind of orders. It has been a steady quarter for you. What would you say attributed to this kind of revenue growth and can these kind of numbers be sustained?

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via We are looking at upwards of 20% margin: Sanjay Gupta, EIL

KEC International bags orders worth Rs 1,931 crore

NEW DELHI: Engineering, procurement and construction major KEC International today said it has won new orders worth Rs 1,931 crore. The company has secured a new order of Rs 1,756 crore, KEC International said in a BSE filing.

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via KEC International bags orders worth Rs 1,931 crore

We are pitching for 30% growth even in the future: Vishwavir Ahuja, RBL Bank

Talking to ET Now, Vishwavir Ahuja, MD & CEO, says RBL Bank is on its own track and on its journey with its own momentum and that it may not be affected by PSU bank recapitalisation.

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via We are pitching for 30% growth even in the future: Vishwavir Ahuja, RBL Bank

AG opposes Jaypee plan in Supreme Court

NEW DELHI: Attorney General KK Venugopal on Tuesday strongly opposed in the Supreme Court a proposal by Jaiprakash Associates to hive off the Yamuna expressway to a Singapore-based company to raise Rs 2,000 crore it had been asked to deposit to meet refund demands by homebuyers for projects.

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via AG opposes Jaypee plan in Supreme Court

PROJECT: Simple Red Oak Bookcase

Build this Arts & Crafts-inspired oak bookcase with a few power tools and standard-sized home center lumber.

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via PROJECT: Simple Red Oak Bookcase

VIDEO: Cutting a Circular Frame with a Band Saw

Chris Marshall shows off his technique for turning a segmented frame into a smooth circle using a bandsaw without a jig.

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via VIDEO: Cutting a Circular Frame with a Band Saw

Popular Woodworking Magazine

Click any image to view a larger version. 1. Chisel sockets come in many different sizes, so you’ll need to take some measurements before turning the handle. Start by cutting a piece of notebook paper about 4” square. Roll it up around a pencil.

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via Popular Woodworking Magazine

SIDBI chairman hails government support for MSMEs

SIDBI has hailed the government’s move to mandatorily bring all major public sector companies to register themselves in Trade Receivables electronic Discounting System (TReDS) platform in the next 90 days.

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via SIDBI chairman hails government support for MSMEs

State oil firms offer Rs 44 crore support to startups

State oil firms have agreed to offer a financial support of Rs 44 crore to about 32 startups working on technological or business innovations that could solve some of oil industry’s problems.

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via State oil firms offer Rs 44 crore support to startups

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NBFCs to be hit most as PSU banks find favour: Amit Khurana, Dolat Capital

Talking to ET Now, Amit Khurana , Head Equites & Head of Research, Dolat Capital Market Pvt Ltd ., says that while private sector banks will face some pressure but they will eventually stabilise at a certain price range.

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via NBFCs to be hit most as PSU banks find favour: Amit Khurana, Dolat Capital

Ivanka to interact with entrepreneurs during Hyderabad visit

HYDERABAD: US President Donald Trump's daughter and adviser Ivanka Trump would interact with entrepreneurs and will get to know about Hyderabadi culture during her visit here next month, officials said.

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via Ivanka to interact with entrepreneurs during Hyderabad visit

From bank perspective, recap move a credit positive: Srikanth Vadlamani, Moody's

Talking to ET Now, Srikanth Vadlamani, Moody's Investors , says the recapitalisation will ensure that the banks will be compliant with Basel III requirements, that they will have sufficient capital to clean up their balance sheets and also have a buffer for growth capital.

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via From bank perspective, recap move a credit positive: Srikanth Vadlamani, Moody's

Recapitalisation meets the need for both risk and growth capital: Rajnish Kumar, SBI

Talking to ET Now, Rajnish Kumar, Chairman, SBI, says the liquidity in the system is enough but the banking sector’s capability to lend has been impaired by provisioning. Profits are under severe stress and a one-time cleanup is expected.

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via Recapitalisation meets the need for both risk and growth capital: Rajnish Kumar, SBI

Milwaukee 11 in 1 Driver Review

Milwaukee has grown their hand tool market by leaps and bounds over the years.  What was once a small category for Milwaukee has turned in a colossal line of hand tools.  They pretty much have a hand tool for every tradesman that will help make their job easier.

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via Milwaukee 11 in 1 Driver Review

"Hope to be the fastest growing IT company in FY18"

In an interview with ET Now, C Vijayakumar, CEO, and Anil Chanana, CFO, HCL Technologies, discuss the performance and say they are focussed on opportunities in digital, analytics, cloud and are looking at potential targets in those areas. How would you evaluate your performance?

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via "Hope to be the fastest growing IT company in FY18"

There is a great deal of expectation from government on MSME front: Anshula Kant, SBI

Talking to ET Now, Anshula Kant , CFO, SBI , says does not anticipate any pressure or any push towards great lending to particular sectors following recapitalisation.

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via There is a great deal of expectation from government on MSME front: Anshula Kant, SBI

Recap bonds to be anti-inflationary and cash neutral: Rajiv Kumar, Banking Secretary

Talking to ET Now, Rajiv Kumar, Banking Secretary , says the banks have to be absolutely responsive to the needs and responsible in their lending and in their assessments quickly. The markets want to know more about the recapitalisation bonds.

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via Recap bonds to be anti-inflationary and cash neutral: Rajiv Kumar, Banking Secretary

We have a market share of 13.7% in H1: Sandeep Batra, ICICI Pru Life

Talking to ET Now, Sandeep Batra, ICICI Pru Life, says the insurance industry has been growing a little ahead of the nominal GDP. With the structural shift towards financialisation of savings, that the pace is expected to increase.

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via We have a market share of 13.7% in H1: Sandeep Batra, ICICI Pru Life

Recapitalisation of public sector banks to create confidence among foreign investors: Keki Mistry, HDFC

Talking to ET Now, Keki Mistry, Vice Chairman & CEO, HDFC, says though Rs 1.35 lakh crore is not a small amount, but there is so much of liquidity today that the markets will likely be able to absorb it.

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via Recapitalisation of public sector banks to create confidence among foreign investors: Keki Mistry, HDFC

We have moved PSU banks from neutral to overweight: Gautam Chhaochharia, UBS

Talking to ET Now, Gautam Chhaochharia , Head of India Research, UBS, says even after the price moves, our view would be that many of these banks will not necessarily be in the zone where we would call them rich or fully valued.

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via We have moved PSU banks from neutral to overweight: Gautam Chhaochharia, UBS

Not all, stick to top five PSU banks: Madhusudan Kela

Talking to ET Now, Madhusudan Kela , Market Veteran, says fund managers have been so negative in PSB space that even a 2-3% shift in favour of public sector banks would mean a huge buying. You have been making a case for PSU banks, saying they were too cheap, they offered a lot of value.

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via Not all, stick to top five PSU banks: Madhusudan Kela

Cash ban, GST disruptions to cool India's GDP growth to a 4-year low

BENGALURU India's economy will likely grow at its slowest pace in four years this fiscal year, a Reuters poll showed, as a currency ban and the new goods and services tax (GST) have disrupted business activity and dampened consumer demand. Asia's third-largest economy will grow at 6.

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via Cash ban, GST disruptions to cool India's GDP growth to a 4-year low

Recapitalisation is a very bold step by the government: Vinod Kathuria, Union Bank of India

Talking to ET Now, Vinod Kathuria, Union Bank of India , says wants provisioning ratio to improve at least to 60%. Whatever capital is received from the government, will definitely help. The challenge for good banks and large banks like SBI and Union Bank is growth.

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via Recapitalisation is a very bold step by the government: Vinod Kathuria, Union Bank of India

SAIL told to raise production at Bhilai rail mill

Expressing displeasure over SAIL’s slow progress in crucial areas of strategic importance, steel minister Chaudhary Birender Singh has asked the company to increase output from its new rail mill in Bhilai and meet all the requirements of its major customers.

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via SAIL told to raise production at Bhilai rail mill

India may topple no. 2 Japan in crude steel production

KOLKATA: World crude steel production increased 5.6% to 141.4 million tonnes in September from a year earlier. India, which is tipped to topple Japan and emerge as the second-largest global steel producer, produced 8.2 million tonnes of the alloy last month, up 1.9%.

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via India may topple no. 2 Japan in crude steel production

L&T loses government order to supply 2.5m smart meters in reverse bid

NEW DELHI: Infrastructure major Larsen & Toubro (L&T) has lost the government's order to supply 2.5 million smart meters in a reverse bid conducted by Energy Efficiency Services Ltd (EESL), where government body ITI Ltd emerged as the lowest bidder for supplying smart meters.

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via L&T loses government order to supply 2.5m smart meters in reverse bid

Flipkart investment in marketplace shrinks to Rs 27 lakh, Amazon’s falls to Rs 2,010 cr in FY17

Amazon has invested 79% more in its flagship marketplace in India than Flipkart has in its retail platform, demonstrating the Seattle-based ecommerce giant’s aggressive push to wrest market leadership in the world’s fastest-growing major economy.

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via Flipkart investment in marketplace shrinks to Rs 27 lakh, Amazon’s falls to Rs 2,010 cr in FY17

Where Do Your Tools Go When You Die?

Ah, October. The leaves are falling, snow is in the forecast in Minnesota, and the neighbors are decorating their yards with ghosts in their trees and skeletons perched in tire swings. That last is a reminder that all of us have a finite lifespan on this earth, before we go the way of all flesh.

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via Where Do Your Tools Go When You Die?

EESL to procure energy efficient powerlooms for small and medium units

Energy Efficiency Services Limited (EESL) will procure in bulk energy efficient powerlooms among other equipment to supply to the small and medium powerloom units in the country, as part of the government’s initiative for sustainable and accelerated adoption of efficient textile technologies to he

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via EESL to procure energy efficient powerlooms for small and medium units

VIDEO: How to Cut Tenons with a Table Saw

Learn how to cut accurate tenons using a table saw. You can use a regular saw blade or a dado set to cut the tenons for mortise and tenon joints.

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via VIDEO: How to Cut Tenons with a Table Saw

Jo Schwartz: Woodburning Realistic Portraits

A few years ago, Jo Schwartz was looking for a hobby. “I would tell people, ‘I don’t paint, I don’t draw – and it turns out, I can’t whittle, either.” She did know, however, that she liked working with wood. “I’ve always had a love for the different grains and things like that.

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via Jo Schwartz: Woodburning Realistic Portraits

Red Oak Railing System

I built this railing system for my son and his fiancée’s new home in Cedar Rapids, Iowa. We designed this system to use Red Oak as the base material, and then chose walnut for the top and bottom accents. The Zebra wood top accents on columns were my new daughter-in-law’s idea.

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via Red Oak Railing System

North American Power Development: The Pause Before the Surge

SUGAR LAND--October 23, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Call 2017 the pause before the surge for North American Electric Power developers, who are expected to begin construction on about 27,722 megawatts (MW) of new generating capacity in the U.S.

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via North American Power Development: The Pause Before the Surge

RIKON Helical-cutterhead Jointers

Helical cutterheads make sharpening and setting jointer knives unnecessary, because they feature replaceable carbide inserts instead of steel knives. The helical cutterheads on these two new jointers from RIKON have four-edged inserts that cut on the shear angle, for superior surface smoothness.

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via RIKON Helical-cutterhead Jointers

Refinishing a Grill Table?

Last year I built this grill table for my son using riftsawn white oak, and in just that amount of time, the finish has deteriorated as you can see (below).

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via Refinishing a Grill Table?

SAIL supplied 33,500 metric tonnes of steel for Agra - Lucknow expressway

Steel Authority of India (SAIL) supplied 33,500 metric tonnes of steel for the construction of the Agra - Lucknow expressway which facilitated the touch-and-go landing of planes of the Indian Air Force, on Tuesday.

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via SAIL supplied 33,500 metric tonnes of steel for Agra - Lucknow expressway

Bharatmala project implementation could see significant upper hitting for infra stocks: Chakri Lokapriya, TCG AMC

Talking to ET Now, Chakri Lokapriya , CIO & MD, TCG AMC , says EPC companies have seen a slowdown of late because of stalled road and various infra projects. There is an Asian Paints which has done well.

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via Bharatmala project implementation could see significant upper hitting for infra stocks: Chakri Lokapriya, TCG AMC

World crude steel production saw a 5.6 per cent jump

KOLKATA: World crude steel production saw a 5.6% increase its biggest ever in months to 141.4 million tonne (mt) in September 2017, compared to September 2016.

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via World crude steel production saw a 5.6 per cent jump

GST collections at Rs 92,150 crore in September

The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today. Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore.

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via GST collections at Rs 92,150 crore in September

Nobody is looking at real estate as an investment option anymore: Shubham Jain, ICRA

Talking to ET Now, Shubham Jain , VP & Sector Head - Real Estate, ICRA , says while cumulative sales volumes have really grown by around 40 odd per cent, out of a sample of 11 companies, only four companies have shown positive growth in volumes whereas other seven have still shown a declining trend.

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via Nobody is looking at real estate as an investment option anymore: Shubham Jain, ICRA

Milwaukee Sweatshirt Review

It’s not a mystery which power tool manufacturer offers the most job site workwear.  Ever since Milwaukee first introduced their heated jacket, other companies have been playing catch-up and no one has come close to Milwaukee’s vast array of jobsite workwear.

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via Milwaukee Sweatshirt Review

Jyotivardhan Jaipuria is betting big on these 2 themes, here’s why

In an interview with ET Now, Jyotivardhan Jaipuria , Founder & MD, Veda Investment Managers , says he is betting big on the rural theme and specially tractor and agrochem companies as 2019 elections near. The other theme he is betting on are companies that are getting operating leverage.

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via Jyotivardhan Jaipuria is betting big on these 2 themes, here’s why

We distribute our geographical risk rather than focusing on one market: KK Bangur, Graphite India

Talking to ET Now, KK Bangur, Chairman, Graphite India, says for specialty grade graphite, US is one of the markets. Graphite India is selling in about 50 countries across the globe and we are present in almost all markets.

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via We distribute our geographical risk rather than focusing on one market: KK Bangur, Graphite India

Toppr raises Rs 45 crore from SAIF Partners, Helion Ventures and FIL Capital Management

BENGALURU: Edtech startup Toppr has raised Rs 45 crore in its second round of Series B funding, led by its existing investors SAIF Partners, Helion Ventures and FIL Capital Management. Toppr had raised a cumulative $12 million in May 2014 and May 2015 in its Seed and Series B funding rounds.

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via Toppr raises Rs 45 crore from SAIF Partners, Helion Ventures and FIL Capital Management

We will not actively pursue customers from other players: Sudhin Choksey, Gruh Finance

Talking to ET Now, Sudhin Choksey , MD, Gruh Finance , says continues to keep focus on their niche segment. The incremental disbursement average ticket loan size is Rs 9.5 lakh and there has been a good demand.

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via We will not actively pursue customers from other players: Sudhin Choksey, Gruh Finance

Govt waives fine for delayed filing of August, September GST returns

NEW DELHI: The government today waived penalty on delayed filing of initial GST returns for the months of August and September. He said that the late fee which has been already charged to businesses will be credited back to taxpayers' accounts.

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via Govt waives fine for delayed filing of August, September GST returns

Coal India produces one of the cheapest coal available in the world: Gopal Singh

We have requested our customers to give their projected demand, so that we can plan our production accordingly, says Gopal Singh , CMD, Coal India , talking to ET Now. There have been issues with the lack of supply coal by a Coal India subsidiary -- Mahanadi Coalfields.

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via Coal India produces one of the cheapest coal available in the world: Gopal Singh

Awards like TECH Rocketships strengthen India-UK relationship, startups play a big role

TECH Rocketships awards look to connect India's fast-rising tech stars with the UK's world-leading growth ecosystem of VC's, advisors, customers and support networks.

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via Awards like TECH Rocketships strengthen India-UK relationship, startups play a big role

In tepid manufacturing, warehouses warm up to e-tail

BETHLEHEM, PENNSYLVANIA: Ellen Gaugler remembers driving her father to the Bethlehem Steel mill, where he spent his working years hauling beams off the assembly line and onto rail cars.

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via In tepid manufacturing, warehouses warm up to e-tail

This is how telecom startups view the industry and here's what they expect

NEW DELHI: Telecom is a difficult sector for startups due to the requirement of building large, scalable, and robust operator-grade systems for telco customers while competing with other large established product vendors that operate in this market.

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via This is how telecom startups view the industry and here's what they expect

H2 will be definitely better than H1: Anil Rai Gupta, Havells India

Talking to ET Now, Anil Rai Gupta, CMD, Havells India, says overall demand is yet to pick up but generally speaking because of seasonality, H2 is better than H1 and H1 this year for example had a special June as well because of destocking.

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via H2 will be definitely better than H1: Anil Rai Gupta, Havells India

As business shifts to larger enterprises, micro & small ventures feel GST squeeze

To reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia recently said some rejig in GST rate structure and there are indications that the next GST Council meet on November 10 will announce significant changes.

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via As business shifts to larger enterprises, micro & small ventures feel GST squeeze

Shyam Sekhar’s contrarian bets with Nifty at 10,200

In an exclusive interview with ET Now, Shyam Sekhar , Chief Ideator & Founder, iThought , explains why IT and steel are two contra bets according to him. As for today’s redults, there is not going to be any positive surprises which are going to really shake up the market, says Sekhar.

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via Shyam Sekhar’s contrarian bets with Nifty at 10,200