KITCO bags consultancy projects of BEL, HAL

KITCO Ltd, India's premier technical consultancy organisation, has bagged major consultancy projects of public sector Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL).

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via KITCO bags consultancy projects of BEL, HAL

SastaSundar.com opens their 200th Healthbuddy store in West Bengal

SastaSundar.com, one of the leading digital network of healthcare in India, announced the opening of their 200th Healthbuddy store in West Bengal. The SastaSundar.

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via SastaSundar.com opens their 200th Healthbuddy store in West Bengal

Govt in talks with RBI to find ways for improving credit flow to MSMEs

NEW DELHI: The MSME ministry is in talks with the Reserve Bank to explore ways to improve credit flow to micro, small and medium enterprises across the country, a top government official said today.

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via Govt in talks with RBI to find ways for improving credit flow to MSMEs

Pricey crude bad news even for oil producers in long term: Faith Birol, IEA

In an exclusive interview with ET Now, Faith Birol, ED, International Energy Agency, tries to decode the dynamics of a dearer oil. Too high oil prices mean shale oil in the US and deep water in Brazil or Mexico would get a leg-up. Even deployment of electrical vehicles may speed up.

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via Pricey crude bad news even for oil producers in long term: Faith Birol, IEA

Tata Steel launches new website, Aashiyana

KOLKATA: Tata Steel has launched a new website, Aashiyana, to address the varied needs of Individual Home Builders (IHB), the core customer segment for its Rs 5,800-crore retail brand Tata Tiscon.

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via Tata Steel launches new website, Aashiyana

Defensive right now, focus is on these 2 sectors: Sunil Subramaniam

In an interview with ET Now, Sunil Subramaniam, CEO, Sundaram Mutual Fund, says he is focussing on consumption and IT sectors now. Subramaniam also raises red flags about OMCs whose margins are seen to be facing some squeeze. Earnings by and large have been factored in by largecaps.

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via Defensive right now, focus is on these 2 sectors: Sunil Subramaniam

Moms call the shots on online shopping for household: OLX survey

NEW DELHI: Women are calling the shots more than ever before by being the key influencers to household decisions on what to shop online, reveals a survey by OLX India, an online classifieds company.

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via Moms call the shots on online shopping for household: OLX survey

Jindal Steel bets big on higher internal accruals, sale of overseas assets to reduce Rs 42,000 crore debt

Jindal Steel & Power Ltd (JSPL) said it will focus on paring its Rs 42,000 crore debt by half in the next three years.

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via Jindal Steel bets big on higher internal accruals, sale of overseas assets to reduce Rs 42,000 crore debt

Federal Bank growth intact, extra NPAs came from old accounts: CEO

Shyam Srinivasan, MD and CEO, Federal Bank, is clear that RBI’s NPA guidelines led to recognition of the slippages. Talking to ET Now, Srinivasan made the point that there is no need to raise funds as capital adequacy is stable and almost all of it is in tier I capital.

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via Federal Bank growth intact, extra NPAs came from old accounts: CEO

Entrepreneur 101: To nurture job growth, US universities seed startups

NEW YORK: A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities.

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via Entrepreneur 101: To nurture job growth, US universities seed startups

How to Build a Birdhouse

Birdhouses are one of those first projects that every kid remembers. As a child, I remember building some in Girl Scouts and I have already built several with my own kids.

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via How to Build a Birdhouse

Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore

MUMBAI: Venture debt firm Alteria Capital has made its latest bet in the country’s startup ecosystem, investing Rs 15.5 crore in education technology firm Toppr.

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via Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore

Innovaccer raises $25 million Series B led by Westbridge Capital

BENGALURU: San Francisco based Innovaccer Inc., a healthcare data platform company, has raised a Series B round of $25 million (approx Rs 168 crore) led by Westbridge Capital with participation from Lightspeed Ventures.

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via Innovaccer raises $25 million Series B led by Westbridge Capital

Punit Lalbhai and Arvind's 3 pillars of growth

In an interview with ET Now, Punit Lalbhai, ED, Arvind, explains how verticality or vertical intergration, innovation and promotion of Arvind as a fabric brand will come together to boost the textile business.

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via Punit Lalbhai and Arvind's 3 pillars of growth

The antidote of Modi government's job crisis: Labour reforms in the MSME sector

The Micro, small and medium enterprises (MSMEs) are the backbone of the Indian economy, but the country's myriad laws, regulations and bureaucracy has led to a peculiar problem where enterprises prefer not to scale and remain small.

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via The antidote of Modi government's job crisis: Labour reforms in the MSME sector

Supreme Court rejects Dalmia Bharat's plea challenging NCLT's Binani order

The Supreme Court has rejected Dalmia Bharat's plea challenging the NCLT Kolkata bench order directing the lenders of the Binani Cement to consider Ultratech's revised bid, ET Now reported.

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via Supreme Court rejects Dalmia Bharat's plea challenging NCLT's Binani order

Really sad to see Sachin leave Flipkart, co-founder Binny Bansal

NEW DELHI: They were considered the Jai-Veeru of Indian startup panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.

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via Really sad to see Sachin leave Flipkart, co-founder Binny Bansal

Lenovo launches V-Series laptop for SMEs, startups in India

NEW DELHI: Chinese technology major Lenovo on Thursday launched a new V-series laptop "V330" for small and medium enterprises (SMEs) and startups with prices starting from Rs 48,000.

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via Lenovo launches V-Series laptop for SMEs, startups in India

JSPL will cut debt by Rs 4,000-5,000 crore this year: CEO

In an interview with ET Now, Naushad A Ansari, CEO, Steel Business, JSPL, says it is a fairly healthy situation with a strong order book and requisite ramping up. Best of all, the margins are improving. A great top line growth to start with for Jindal Steel.

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via JSPL will cut debt by Rs 4,000-5,000 crore this year: CEO

Walmart to open 50 new stores in India in 4 years

NEW DELHI: A day after announcing $16 billion investment in India's largest online retailer Flipkart, Walmart Inc said on Thursday it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years.

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via Walmart to open 50 new stores in India in 4 years

Aditya Puri’s retirement no big risk for HDFC Bank: Kunal Shah, Edelweiss

Talking to ET Now, Kunal Shah, Associate Director, Edelweiss Financial Services, says the succession process has been set and the successor would be identified 12 months prior to Puri's retirement.

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via Aditya Puri’s retirement no big risk for HDFC Bank: Kunal Shah, Edelweiss

PROJECT: Tabletop Fire Pit

Our weekend project will light your way to outdoor enjoyment. Brighten your backyard or patio with this fun-to-build project.

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via PROJECT: Tabletop Fire Pit

Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep

NEW DELHI: Lenders of bankrupt Jaypee Infratech today rejected a Rs 7,350 crore bid by , the highest bidder for the company, as they found it inadequate, multiple sources privy to the discussions said. Sources said 85 per cent of the lenders voted against the offer while only 6.

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via Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep

Walmart’s $16 billion India investment creates two billionaires

The world’s wealthiest family has just bestowed billionaire status on two of India’s most feted tech entrepreneurs. Walmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion.

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via Walmart’s $16 billion India investment creates two billionaires

ArcelorMittal hires Bank of America to sell European steel assets

The world's largest steelmaker ArcelorMittal has hired Bank of America-Merrill Lynch to sell a number of its steel assets to secure antitrust clearance to acquire Italian peer Ilva.

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via ArcelorMittal hires Bank of America to sell European steel assets

E-commerce will grow at four times the pace of overall retail in India: Walmart

KOLKATA: Retail giant Walmart expects e-commerce will grow at four times the pace of overall retail in India over the next five years, as per the US-based retail giant’s investor presentation for its acquisition of majority stake in Flipkart.

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via E-commerce will grow at four times the pace of overall retail in India: Walmart

Amazon would be regretting about the two interns it had let go a decade ago

Walmart's purchase of 77% stake in Flipkart has put Amazon against its biggest rival in India too. Amazon closely trailed Flipkart in GMV market share for 2017. Flipkart was seen to be no match for the American behemoth in the long term.

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via Amazon would be regretting about the two interns it had let go a decade ago

Why Sachin Shah is betting on discretionary consumption

In a chat with ET Now, Sachin Shah, Fund Manager, Emkay Investment Managers, says discretionary spending and some bit of consumption demand is also coming back. It is said crisis first comes in currencies and then it trickles down to commodities and then lastly to equities and debt.

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via Why Sachin Shah is betting on discretionary consumption

Manpreet Badal inaugurates Max Speciality Films BOPP unit

CHANDIGARH: Max Speciality Films Limited, one of the leading manufacturers of BOPP packaging films, launched its fifth BOPP films manufacturing line today thus significantly increasing its capacity from 46.35 KTPA to 80.85 KTPA.

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via Manpreet Badal inaugurates Max Speciality Films BOPP unit

We are still overweight on government capex theme: Mihir Vora

In an interview with ET Now, Mihir Vora, Director & CIO, Max Life Insurance, says he has gone neutral to mildly overweight on IT, cutting down the earlier underweight stance on the sector.

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via We are still overweight on government capex theme: Mihir Vora

HDFC Bank’s founding member Samir Bhatia tweaks business, raises $3 million

AHMEDABAD: HDFC Bank’s founding member Samir Bhatia, tweaks his marketplace venture, enters into fintech space, re-launched as fintech start-up – SMEcorner.com targeting India’s colossal retailers and shopkeepers’ segment.

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via HDFC Bank’s founding member Samir Bhatia tweaks business, raises $3 million

3 consumption-linked firms that can offer 20% earnings growth: Amnish Aggarwal

The broad trend for FMCG is positive, but there is a large divergence which is visible. Dabur volume growth numbers were strong, however, Marico’s numbers didn’t look so encouraging. Emami was just about there and Jubilant FoodWorks’ same-store sales have been absolutely amazing.

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via 3 consumption-linked firms that can offer 20% earnings growth: Amnish Aggarwal

NTPC unveils payment tracking app for vendors

NEW DELHI: State-run NTPC has unveiled a mobile phone application to help its micro and small vendors track payments for materials supplied by them. Around 3,500 vendors supply materials worth around Rs 1,000 crore every year to the power major.

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via NTPC unveils payment tracking app for vendors

Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal

Walmart Inc. on Wednesday announced its high profile acquisition of Flipkart for $16 billion for a valuation of over $20 billion, making it the largest ecommerce acquisition in the world. The Bentonville company has acquired 77% of the Bengaluru-based company, as per sources.

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via Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal

India can take stresses, concern on oil a bit premature: Prateek Agarwal

While the rupee remains in a spot of bother, monsoon outlook is a cause for cheer, says Prateek Agarwal of ASK Investment Manager. During an interaction with ET Now, he made his preference known, saying consumption should hold out well in coming days.

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via India can take stresses, concern on oil a bit premature: Prateek Agarwal

Bosch Blaze LDM Review

I know there are other power tool manufacturers that produce LDM’s but for me, I am sold on Bosch.  Now I am not here to sell you on Bosch LDM’s, frankly, I don’t care if you buy one or not. But for me, this is one of those product lines I don’t think gets enough love.

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via Bosch Blaze LDM Review

ULIPs sell more now but that would change in next 5-7 years: Amitabh Chaudhry, HDFC Life

In an interview with ET Now, Amitabh Chaudhry, MD & CEO, HDFC Life, says ULIP sales are easier to execute because of the transaction size. To get the kind of volume one gets from selling one ULIP product, you have to sell five protection policies. But all that will change over time.

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via ULIPs sell more now but that would change in next 5-7 years: Amitabh Chaudhry, HDFC Life

'Oops': Walmart's biggest deal ever, announced by SoftBank's CEO

This isn’t the way multibillion-dollar deals usually get announced. Hours before Walmart Inc. was scheduled to unveil the largest acquisition in its history, Masayoshi Son, chief executive officer of SoftBank Group Corp., spilled the beans to a roomful of investors and journalists in Tokyo.

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via 'Oops': Walmart's biggest deal ever, announced by SoftBank's CEO

Lenskart invests $500,000 in California-based reading glasses maker ThinOptics Inc

NEW DELHI: Eyewear solutions company Lenskart Solutions has invested $500,000 (about Rs 3.37 crore) in California-based startup ThinkOptic Inc, the TPG Growth, International Finance Corp and PremjiInvest-backed company announced.

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via Lenskart invests $500,000 in California-based reading glasses maker ThinOptics Inc

Dassault Systemes launches campaign to strengthen Indian SMEs

PUNE: With the aim to connect with small and medium enterprises (SMEs) and industrial hubs in tier II cities in India, 3D Experience major Dassault Systemes on Wednesday flagged off the "3DEXPERIENCE on WHEELS 2018" campaign in Pune to showcase the 3DEXPERIENCE platform.

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via Dassault Systemes launches campaign to strengthen Indian SMEs

Done deal! Softbank CEO confirms Walmart is buying controlling stake in Flipkart

NEW DELHI Global retail giant Walmart has formally agreed to buy a controlling stake in Flipkart. The deal, probably the biggest in the e-commerce space, was confirmed by Softbank CEO Masayoshi Son. Softbank is Flipkart's largest investor. The deal is going to shake things up.

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via Done deal! Softbank CEO confirms Walmart is buying controlling stake in Flipkart

Vivek Mavani on why he would rather not buy these stocks

In a chat with ET Now, Vivek Mavani, owner, Vivek Mavani Financial Services, says Eicher is a good stock but could only be bought on decline as it is too expensive. Also he will keep away from corporate facing banks like Axis and ICICI Bank as he has no tolerance for factors beyond his control.

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via Vivek Mavani on why he would rather not buy these stocks

Ratan Tata backed startup, Niki.ai, reports 430% revenue growth

PUNE: Artificial intelligence startup Niki.ai has reported an 800 per cent year-on-year increase in gross merchandise value (GMV), resulting in revenue growth of 430%. The startup, backed by Ratan Tata, Unilazer Ventures and SAP.

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via Ratan Tata backed startup, Niki.ai, reports 430% revenue growth

Unitus Ventures invests $1 million in AI startup i3systems

NEW DELHI: Unitus Ventures has led a $1 million (Rs 6.75 crore) in healthcare and life insurance-focused artificial intelligence startup i3systems, the marquee impact investment firm announced on Wednesday.

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via Unitus Ventures invests $1 million in AI startup i3systems

Trader gets GST notice for 17-pt decimal error

AHMEDABAD: In a case of extreme intolerance for any discrepancy in Good and Services Tax (GST) returns under scrutiny, the proprietor of a city-based engineering company, Sanjay Ghosh (name changed to protect privacy), has received a notice from the state tax department stating there was a discrepan

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via Trader gets GST notice for 17-pt decimal error

GST digital discounts may cost Rs 15,000 crore

NEW DELHI: The government has estimated that the Centre and the states may have to forgo up to Rs 15,000 crore in offering discounts of up to Rs 100 on GST for every digital transaction, including those done using credit or debit cards or mobile wallets and mobile and net banking.

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via GST digital discounts may cost Rs 15,000 crore

E-way bill: All you need to know & experiences of the first month

India has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally managed to successfully roll out the E-way bill system for tracking goods movement under the Goods and Services Tax (GST) from April 1, 2018.

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via E-way bill: All you need to know & experiences of the first month

Manish Sonthalia has just gone overweight on these 4 stocks

In an interview with ET Now, Manish Sonthalia, Head-Equities, Motilal Oswal Asset Management-PMS, explains why he reduced 14-15% allocation on HPCL to 5% and reallocated the extra 10% among Federal Bank, Bayer Cropscience, Godrej Industries and Aegis Logistics.

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via Manish Sonthalia has just gone overweight on these 4 stocks

GTL lenders look to sell debt

In a regulatory filing on Tuesday, the company said that “in view of the recent sector developments, options to right-size the debt either through an ARC debt sale process initiated by lenders or in accordance with the revised RBI guidelines dated February 12, 2018 are being envisaged”.

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via GTL lenders look to sell debt

Conducting an Informal Energy Audit

With spring solidly on the way, it’s the perfect time to perform an energy audit on your house. These highly detailed investigations can tell you exactly where you’re wasting energy in your home and fixing them can save you hundreds of dollars each year in power bills.

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via Conducting an Informal Energy Audit

Landscape Help: Tree and Shrub Identification Made Easy

Being able to identify the trees and woody shrubs on your property isn’t just an asset, it’s a matter of safety and practicality.

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via Landscape Help: Tree and Shrub Identification Made Easy

Garage Door Maintenance Made Easy

Your garage door is the largest moving part in your home and may go up and down up to 1,000 times each year. That’s more wear and tear than almost any other part of the house. When it’s in good condition, your garage door offers you security and convenience.

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via Garage Door Maintenance Made Easy

Cork Your Glue Bottle

Even though I try to be careful, I often lose the little caps that come on some carpenter’s glue bottles. When I do, I have a simple trick for replacing them. I drill holes in both ends of a synthetic wine bottle cork about 1/2″ deep. Then, I cut the cork in half to make two glue bottle caps.

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via Cork Your Glue Bottle

Amazon India gets Rs 2600 crore infusion for marketplace

BENGALURU: Amazon India has received a fresh infusion of Rs 2,600 crore from its parent company for its marketplace business, one of the largest by the Seattle firm in its India business, just as rival Flipkart is to be acquired by Walmart.

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via Amazon India gets Rs 2600 crore infusion for marketplace

'Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart'

NEW DELHI: Flipkart founders Sachin and Binny Bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts.

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via 'Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart'

Quick Check for Band Saw Table Squareness

Every now and then, it’s a good idea to check your band saw table for squareness to the blade. Here’s the quick method I like to use: take a piece of flat, square-edged scrap and cut a shallow kerf into one edge. Now pivot the block around so the kerf faces the back of the blade.

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via Quick Check for Band Saw Table Squareness

Reader’s Favorite Exotic Domestic Woods

Last issue, Rob asked for your favorite regional or exotic North American woods. You responded in droves with some pretty cool choices! Here are some choices, starting with the overwhelming favorite: Mesquite. – Editor

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via Reader’s Favorite Exotic Domestic Woods

Tata Steel moves NCLAT over Liberty House bid for Bhusan Power

Tata Steel has moved the National Company Law Appellate Tribunal (NCLAT) challenging the order of NCLT, which had last month directed the CoC of debt ridden Bhushan Power & Steel to consider the bid of UK-based Liberty House.

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via Tata Steel moves NCLAT over Liberty House bid for Bhusan Power

Protecting Your Garden Against the Last Frosts of the Season

Every gardener gets itchy fingers early in the spring, wanting to dig into the soil and plant their first seeds and seedlings.

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via Protecting Your Garden Against the Last Frosts of the Season

Resolution Professional allows representation of Binani's operational creditors

The Resolution Professional of the Binani Committee of Creditors (CoC) has allowed representation of the operational creditors of Binani Cement, despite no provision of the same under existing norms.

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via Resolution Professional allows representation of Binani's operational creditors

Walmart's grocery delivery partnerships with Uber, Lyft fail to take off

Walmart Inc's online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer's ambitions to challenge Amazon.com Inc head-on with speedy delivery of groceries to people's homes.

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via Walmart's grocery delivery partnerships with Uber, Lyft fail to take off

Eying opportunities beyond steel also: L N Mittal

Looking beyond steel, ArcelorMittal is evaluating opportunities that complement its existing business and asset base, Chairman Lakshmi N Mittal has said.

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via Eying opportunities beyond steel also: L N Mittal

Hardware Galore!

Tomorrow, the 2018 National Hardware Show begins in Las Vegas, Nevada … and your’s truly will be there with bells on. Not actual bells, unless I find some real cool ones on the show floor.

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via Hardware Galore!

Apollo Campaign Supports Wounded Warrior Project®

In celebration of Memorial Day and Independence Day, Apollo Sprayers International, Inc., has announced two special HVLP sprayer offers that will help support the Wounded Warrior Project.

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via Apollo Campaign Supports Wounded Warrior Project®

Best Finish for a Saltwater Aquarium?

I’m building a stand for a saltwater aquarium and would like to know what you think would be the best finish to put on it? There will be a cap on top of the aquarium that would be exposed to the salty air coming off the water. The project is being made out of red oak.

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via Best Finish for a Saltwater Aquarium?

GuidePRO Band Saw Guide

Applying even and constant pressure to a workpiece when resawing on a band saw can be difficult.

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via GuidePRO Band Saw Guide

IT as a pack will continue to do well next year also: Chakri Lokapriya

Talking to ET Now, Chakri Lokapriya, CIO & MD, TCG AMC, says if there is some relaxation in RBI rules. One can expect a huge rerating of PSU banks and SBI in particular. You are bullish on Phillips Carbon.

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via IT as a pack will continue to do well next year also: Chakri Lokapriya

SAIL's first blast furnace ‘Parvati’ successfully blown in

Steel Authority of India Ltd's (SAIL) first blast furnace ‘Parvati’ situated at Rourkela Steel Plant (RSP) which was rebuilt under company’s modernization and expansion program, was successfully blown in on Tuesday.

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via SAIL's first blast furnace ‘Parvati’ successfully blown in

Why Sonam Udasi is not afraid of oil rally, finds pockets to multiply wealth

In an interview with ET Now, Sonam Udasi, HoR, Tata Mutual Fund, says looking for opportunities in consumer and banking sectors.

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via Why Sonam Udasi is not afraid of oil rally, finds pockets to multiply wealth

If rupee remains around 67, all traditional sectors of export will gain: Ajay Sahai, FIEO

In an interview with ET Now, Ajay Sahai, DG & CEO, FIEO, says we can provide 3% to 4% more competitiveness to export by halving transaction cost alone.

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via If rupee remains around 67, all traditional sectors of export will gain: Ajay Sahai, FIEO

Already bullish, a little push from Trump could set oil on fire: Jonathan Barratt

In an interview with ET Now, Jonathan Barratt, CIO, AyersAlliance, says if Donald Trump takes a real hardline approach to the Iran nuclear deal, then crude at $75-80 could be the new normal.

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via Already bullish, a little push from Trump could set oil on fire: Jonathan Barratt

Ryobi Project Light Review

When it comes to homeowner tools, Ryobi is the leader.  They have a large line of cordless tools that work off a single 18V battery.  If you take an older tool, even the newer batteries work and that is one reason people love Ryobi, not to mention the professional features for a homeowner price.

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via Ryobi Project Light Review

Look for new opportunities as these 2 trends play out: Raunak Onkar, PPFAS MF

Talking to ET Now, Raunak Onkar, Research Head, PPFAS MF, explains that banking and technology are the two trends continuing to play out in the market and new opportunities can be found there. Edited excerpts: You are one of the few people or one of the few funds that invest globally.

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via Look for new opportunities as these 2 trends play out: Raunak Onkar, PPFAS MF

We have just scratched the surface of flexi staffing, enough scope of growth for many years: Ravi Vishwanath, Teamlease

In an interview with ET Now, Ravi Vishwanath, CFO, Teamlease, says only about 1.5% of the total unorganised employment is with flexi staffing companies and there is a long runway left still.

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via We have just scratched the surface of flexi staffing, enough scope of growth for many years: Ravi Vishwanath, Teamlease

Nobody has ever made much money out of airlines stocks, says JPMorgan strategist

In an interview with ET Now, Adrian Mowat, EM Equity Strategist, JPMorgan, says they continue to be sceptical about Indi an corporates generating mid-teen earnings growth.

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via Nobody has ever made much money out of airlines stocks, says JPMorgan strategist

Southern Company Plans Five-Year, $35 Billion Capital Program

SUGAR LAND--May 7, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Southern Company (NYSE:SO) (Atlanta, Georgia) plans to make capital investments totaling about $35 billion over the next five years, company officials told investors May 2 during its quarterly ea

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via Southern Company Plans Five-Year, $35 Billion Capital Program

Jaypee promoters submit over Rs 10K crore revival plan for Jaypee Infratech

NEW DELHI: Jaypee group promoter Manoj Gaur today made a Rs 10,000 crore offer to pay off bank loans and complete the stuck housing projects as part of plans to bring Jaypee Infratech out of bankruptcy, sources said.

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via Jaypee promoters submit over Rs 10K crore revival plan for Jaypee Infratech

How to Dig a Drainage Ditch

Whether it’s leaking into your basement or standing in the yard, you’re ready to hit the trenches to protect your home and property from water damage. Adding efficient drainage doesn’t have to put you back serious time or money.

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via How to Dig a Drainage Ditch

Binani CoC likely to discuss UltraTech bid on May 9

The Binani (CoC) is likely to meet on May 9 and discuss the revised bid of Ultra Tech Cement valued at around Rs 7900 crore for the debt-laden Binani Cement. Ultra Tech has already submitted its revised offer with the Resolution Professional but the exact bid value is not known.

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via Binani CoC likely to discuss UltraTech bid on May 9

Nitin Chandel to head BNY Mellon Technology, India

Investments firm BNY Mellon today announced that it had appointed Nitin Chandel as Head of BNY Mellon Technology, India. He will report to Bridget Engle, Chief Information Officer of BNY Mellon, and will be based in Pune.

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via Nitin Chandel to head BNY Mellon Technology, India

MTR Food makes first investment from Rs 50 cr seed fund in children's food brand Timios

MTR Foods Pvt. Ltd. has made its first investment from its Rs 50 crore seed fund in early stage start-up FirmRoots Pvt. Ltd., mainly for the latter's children-packaged food brand Timios.

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via MTR Food makes first investment from Rs 50 cr seed fund in children's food brand Timios

Specialty chemical sector may double market size by FY25: Report

The domestic specialty chemical sector is expected to grow by about 10 per cent annually to almost double the market size by FY25, driven by growth in end-user industries, a report said.

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via Specialty chemical sector may double market size by FY25: Report

Yes Securities still betting on these 2 upstream oil companies

Talking to ET Now, Nitasha Shankar, Yes Securities, says still bullish on ONGC as well as Oil India and neutral as far as the OMCs are concerned.

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via Yes Securities still betting on these 2 upstream oil companies

OboPay takes fintech services to Mexico

BENGALURU: Expanding its fintech services for the first time ever to Latin America Bengaluru based payments company OboPay has partnered with Mexico based GoRed Telecommunications. OboPay will provide its Evolys payment platform services to GoRed.

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via OboPay takes fintech services to Mexico

Between TPG and Manipal, we are looking at investing between Rs 4,500-5,000 cr in Fortis: Ranjan Pai

In an interview with ET Now, Ranjan Pai, MD & CEO, Manipal Group, says instead of merging Fortis into Manipal group, it has offered to merge Manipal group into Fortis because investors did not want the company to be broken into two parts and wanted people to go directly into the company.

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via Between TPG and Manipal, we are looking at investing between Rs 4,500-5,000 cr in Fortis: Ranjan Pai

Milwaukee Inflator Review

This is one of those tools that I am surprised more companies don’t release.  Yes, I know there are a lot of inflators in the marketplace, but not too many that I trust to invest my money into.  Over the past couple of years, I have been using the Ryobi like crazy and love it.

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via Milwaukee Inflator Review

Godrej Properties sales grew 150% during the year to over Rs 5,000 cr: Pirojsha Godrej

Talking to ET Now, Pirojsha Godrej, Executive Chairman, Godrej Properties, says the company had sales of over Rs 1000 crore, in terms of booking value, for the fourth consecutive quarter.

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via Godrej Properties sales grew 150% during the year to over Rs 5,000 cr: Pirojsha Godrej

R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

RInfa said the other bidders in the fray were L&T-Samsung JV and Hyundai Development Company-ITD JV. Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

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via R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

Rupee could touch 68/69 near term but will bounce back in 6-9 months: Shilan Shah, Capital Economics (Asia)

Talking to ET Now, Shilan Shah, Capital Economics (Asia), says rupee weakness is partly result of strength of dollar index vis-à-vis the Emerging Market currency pack and partly result of high crude prices.

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via Rupee could touch 68/69 near term but will bounce back in 6-9 months: Shilan Shah, Capital Economics (Asia)

How MSMEs will fire up India’s defence system

CHENNAI: Sundaram R has been manufacturing military aircraft components for nearly three decades, but the owner of the unit from Salem has never had it easy.

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via How MSMEs will fire up India’s defence system

Investments made in digital has paid off in last 2 quarters: Parthasarathy NS, MindTree

In an interview to ET Now, Parthasarathy NS, Executive Vice Chairman and COO, MindTree, points out that the size of the companies no longer play a big role in terms of customers choosing partners.

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via Investments made in digital has paid off in last 2 quarters: Parthasarathy NS, MindTree

Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 crore

AHMEDABAD: Ahmedabad-based Infibeam Incorporation, India’s first listed ecommerce player, is acquiring Snapdeal’s wholly owned subsidiary Unicommerce, a cloud-based inventory management company.

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via Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 crore

Meet the startup that polices YouTube for twerk-averse advertisers

Everyone close to Google’s YouTube has had a rough year as a string of controversies plagued the world’s largest online video site. Everyone but Mike Henry. Henry runs OpenSlate, a company that screens and grades YouTube videos for marketers.

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via Meet the startup that polices YouTube for twerk-averse advertisers

‘Realty and infra may lead bear to bull market move’

In an interview with ET Now, Gautam Shah, Associate Director & Technical Analyst, JM Financial, says he would strongly recommend investors to allocate at least 15% of the portfolio in some of the popular names in the infra and realty space.

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via ‘Realty and infra may lead bear to bull market move’

Walmart plans $2-3 billion push for Flipkart

NEW DELHI: Global retail giant Walmart plans to pump $2-3 billion (over Rs 13,000 crore) as fresh equity into Flipkart to strengthen its hold on the e-commerce company, while buying existing shareholders for a majority control in a deal that is expected to be announced this week.

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via Walmart plans $2-3 billion push for Flipkart

These 3 sectors to lead next leg of market rally: Gautam Shah, JM Financial

In an interview to ET Now, Gautam Shah, Associate Director & Technical Analyst, JM Financial, explains that the next leg of the rally from here to lifetime highs is going to be led by the banking stocks, capital goods stocks and FMCG stocks.

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via These 3 sectors to lead next leg of market rally: Gautam Shah, JM Financial

Indian e-commerce market sees M&A deals worth $2.1 bn in 2017

NEW DELHI: As much as USD 2.1 billion worth of M&A (merger and acquisition) transactions were inked in 2017 in the booming Indian e-commerce industry, which may soon witness its largest-ever deal - the proposed Flipkart-Walmart nuptial.

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via Indian e-commerce market sees M&A deals worth $2.1 bn in 2017

Lenskart earmarks USD 3 million to invest in 'eye-tech' startup

Online eyewear firm Lenskart today said it has earmarked about USD 2-3 million to invest in companies that are working on either products or technologies that can help provide affordable eyecare solutions. As part of this strategy, the Ratan Tata-backed firm has invested USD 500,000 (about Rs 3.

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via Lenskart earmarks USD 3 million to invest in 'eye-tech' startup

As borrowing habits change, loan startups hit payday

There’s a funding surge to alternative lending startups this year that is reminiscent of 2015’s food tech boom.

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via As borrowing habits change, loan startups hit payday

Coal India boosts supplies to power plants by 14% in April

State-run Coal India (CIL) revved up fuel supplies to power plants by 14.4 per cent to 40.30 million tonnes in April compared to the same month last year ahead of the monsoon season, according to an official. Coal supplies to the power sector from CIL in April 2017 were 35.20 million tonnes (MT).

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via Coal India boosts supplies to power plants by 14% in April

How Indian startups gear up to take on the voice assistants of Apple, Amazon and Google

Subodh Kumar, a tech entrepreneur in his early 30s, has spent almost half a decade of his career working in artificial intelligence (AI) and analytics in New York, Hong Kong and Singapore.

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via How Indian startups gear up to take on the voice assistants of Apple, Amazon and Google

Welspun Corp gets tax demand of Rs 179 crore

Gujarat government's tax department has slapped a demand of 178.79 crore on Welspun Corp for two financial year -- 2009-10 and 2010-11, the company said in a regulatory filing.

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via Welspun Corp gets tax demand of Rs 179 crore

There are plenty of companies in India that Warren Buffett could focus on: Mario Gabelli, Gamco Asset Management

In an interview with ET Now’s Tanvir Gill, hours before the Berkshire Hathaway AGM at Omaha, Mario Joseph Gabelli, CEO, Gamco Asset Management, talks about what he expects to hear from Buffett, his investments, India as an investment destination and more.

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via There are plenty of companies in India that Warren Buffett could focus on: Mario Gabelli, Gamco Asset Management

Leadership in the bull market will keep shifting, watch these 2 sectors: N Jayakumar

In an exclusive interview with Nikunj Dalmia of ET Now, N Jayakumar, MD, Prime Securities, says it is true that leadership comes in as some of the larger players become larger and IT and banking sector could find the new market leaders.

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via Leadership in the bull market will keep shifting, watch these 2 sectors: N Jayakumar

Are employees deriving positive experiences from the workplace? Here's how you can find out

"People will forget what you said, people will also forget what you did but people will never forget how you made them feel" famously said by Maya Angelou, an American poet and civil rights activist holds great relevance today in an organizational context.

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via Are employees deriving positive experiences from the workplace? Here's how you can find out

How Nykaa has changed the way beauty products are added to the cart in India

Radhika Sharma, a media consultant, doesn’t recall the last time she picked up her favourite shade of lipstick from a retail store. For Sharma, the staff at stores are often overbearing, and the experience of buying beauty products often leads to disappointment.

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via How Nykaa has changed the way beauty products are added to the cart in India

Popular Woodworking Magazine

If you can build a box, you can build this planter. It’s much sturdier than most commercial versions, so it should last for many years. It’s also the perfect opportunity for you to try your hand at shingling. The opening accommodates a 30″ drop-in plastic window-box planter.

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via Popular Woodworking Magazine

NFL to invest Rs 1,250 crore in 2 years on new plant, energy-saving projects

NEW DELHI: State-owned fertiliser firm NFL will invest Rs 1,250 crore over the next two years on energy saving projects in its five existing plants and setting up a new factory in Madhya Pradesh to produce di-nitrogen tetroxide, its CMD Manoj Mishra said.

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via NFL to invest Rs 1,250 crore in 2 years on new plant, energy-saving projects

How to Stay Safe When Working With Electricity

Electricity arguably shaped the modern world — we often take it for granted when we plug in our cell phones, turn on our lights or turn down the air conditioner on a hot afternoon.

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via How to Stay Safe When Working With Electricity

PROJECT: Folding Bike Rack

Build a bicycle rack for two that provides convenient storage and folds flat.

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via PROJECT: Folding Bike Rack

Flipkart & Amazon brace up for mid-year mega sales battle

The Flipkart-Amazon rivalry is set to reach a high once again when both of them will commence their mid-year mega sales, with Flipkart deciding to host its “Big Shopping Days” sale between May 13-16 and rival American firms too going to be around the same time, two senior industry executives sai

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via Flipkart & Amazon brace up for mid-year mega sales battle

Adani unable to provide viable coal off-take agreement for Carmichael: Report

Its analysis came a day after Adani Power Ltd, a part of Adani Group, announced its financial results for the quarter and financial year ended on March 31.

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via Adani unable to provide viable coal off-take agreement for Carmichael: Report

Flipkart yet to finalise stake sale deal with Walmart: Sources

MUMBAI/BENGALURU: Indian e-commerce firm Flipkart's board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away.

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via Flipkart yet to finalise stake sale deal with Walmart: Sources

Apac and Europe major drivers of growth in Q1: R Srikrishna, Hexaware

In a chat with ET Now, R Srikrishna, CEO, Hexaware, says the first problem area to fix last year was the manufacturing and consumer vertical. It is among the top two growing verticals this quarter. Edited excerpts: This was a strong quarter led by sales execution.

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via Apac and Europe major drivers of growth in Q1: R Srikrishna, Hexaware

M N Dastur & Co. and World Steel Dynamics announces partnership

KOLKATA: Dastur International Inc, USA, a subsidiary of metals, mining and energy engineering consultancy M N Dastur & Co.

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via M N Dastur & Co. and World Steel Dynamics announces partnership

Now book an Ola from your Mobikwik App

NEW DELHI: In a bid to reiterate its commitment to the government's push towards digital transactions in India, MobiKwik, one of India's leading digital financial services platform, and Ola, leading ride-sharing company, recently announced a first-of-its-kind partnership.

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via Now book an Ola from your Mobikwik App

GSTN to be made a government body: GST Council

The 27th meeting of the GST Council has approved that the GSTN will be converted into a government holding.

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via GSTN to be made a government body: GST Council

HCC is to receive Rs 2000 cr more from banks: Ajit Gulabchand

Banks are required to give HCC 75% of Rs 4,800-crore award which comes to Rs 3,600 crore The company has received only Rs 1,400 crore of this amount and still gets Rs 2,000 crore more.

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via HCC is to receive Rs 2000 cr more from banks: Ajit Gulabchand

Bosch 360 Laser Review

Bosch is always the first name to come to mind when I think of Lasers.  Sure there are other power tool companies that make them out there, and maybe Bosch wasn’t the first, but they are the best today.

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via Bosch 360 Laser Review

Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA

NEW DELHI: The under-works $12-billion Flipkart-Walmart deal has left merchants selling products through the e-commerce platform jittery as they claim to be clueless about the ongoing negotiations and its possible impact on their business.

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via Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA

By 2021, Radico Khaitan will be a debt-free company: Dilip Kumar Banthiya

In an interview with ET Now, Dilip Kumar Banthiya, CFO, Radico Khaitan, says the company’s topline grew by 8.5% during the year and by 22.5% in Q4. Gross profit has improved by 35% during the quarter, the PAT has improved by 105% in this period.

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via By 2021, Radico Khaitan will be a debt-free company: Dilip Kumar Banthiya

Bombay High Court quashes Goa government order allowing transportation of iron ore

PANAJI: In a setback to the mining industry in Goa, the Bombay High Court today set aside the state government's order allowing the transportation of royalty-paid iron ore lying outside the lease areas.

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via Bombay High Court quashes Goa government order allowing transportation of iron ore

Pepperfry to focus on decor and utility category in 2018 to build next leg of growth

MUMBAI: After having established a market leadership in the organised online furniture market in the country, Pepperfry is looking to expand its home decor and utility category and has set aside 1/3rd of the year’s expenses to build the category. For marketing alone, Pepperfry will invest Rs 8.

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via Pepperfry to focus on decor and utility category in 2018 to build next leg of growth

Flipkart board is said to approve $15 billion deal with Walmart

The board of Flipkart Online Services Pvt has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the American retailer on international expansion.

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via Flipkart board is said to approve $15 billion deal with Walmart

IRB picked up Rs 9,000-crore worth orders from road ministry in Q4: Virender D Mhaiskar

In an interview to ET Now, Virender D Mhaiskar, Chairman & MD, IRB, explains that they have the ability to undertake all facets of infra play in roads like construction, operation maintenance and tolling.

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via IRB picked up Rs 9,000-crore worth orders from road ministry in Q4: Virender D Mhaiskar

Swift decision on Essar in interest of all stakeholders: ArcelorMittal

FRANCE: Keen to gain a firm foothold in India through acquisition of debt-laden Essar Steel, ArcelorMittal today said "a swift decision" on the case will be in the best interest of all stakeholders.

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via Swift decision on Essar in interest of all stakeholders: ArcelorMittal

IDFC Bank ties up with ePayLater, facilitates loan disbursals through UPI

BENGALURU: Mumbai based instant credit facilitating startup ePayLater has partnered with private sector lender IDFC Bank to introduce instant credit through the BHIM UPI railroads, thereby allowing merchants accepting UPI payments to start accepting transactions through ePaylater as well.

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via IDFC Bank ties up with ePayLater, facilitates loan disbursals through UPI

'We now have almost Rs 7500 cr plus monthly flows in SIPs'

NPAs, provident fund and SIP flows together will put between Rs 1,10,000 crore and Rs 1,25,000 crore in mutual funds this year, says Nilesh Shah, MD, Kotak AMC, talking to ET Now.

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via 'We now have almost Rs 7500 cr plus monthly flows in SIPs'

We are done for the year but still bullish on 2 themes : Basant Maheshwari

In an interview with ET Now, Basant Maheshwari of Basant Maheshwari Wealth Advisers, says Nifty can go up to 11000 but that is not where money is made or lost. Money was lost in small caps and it would be recovered from the small cap index.

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via We are done for the year but still bullish on 2 themes : Basant Maheshwari

Fireside Ventures invests Rs 6 crore in audio product brand boAt

NEW DELHI: Fireside Ventures, the early-stage consumer brand-focused investment firm, has invested Rs 6 crore in Delhi-based consumer technology lifestyle venture Imagine Marketing, which owns and operates audio product maker boAt.

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via Fireside Ventures invests Rs 6 crore in audio product brand boAt

Flipkart aims to reduce returns further by 10-15% this year

E-commerce major Flipkart today said it aims to reduce returns on its platform by another 10-15 per cent as it engages more with its sellers to help the latter enhance their quality of products and increase sales.

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via Flipkart aims to reduce returns further by 10-15% this year

Table Saw Basics – I Can Do That

Hey! In our last episode of I Can Do That, we introduced the table saw. This time, we’re covering three table saw basics that will take your woodworking to the next level. Subscribe to get notifications of new videos! http://bit.ly/2JMeK0W

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via Table Saw Basics – I Can Do That

Walmart inches closer to sealing deal with Flipkart

Global retail giant Walmart is inching close to sealing the deal to buy a majority stake in Flipkart for as much as USD 12 billion, even though rival Amazon is still jostling to turn the deal in its favour.

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via Walmart inches closer to sealing deal with Flipkart

Binani Cement creditors laud NCLT order allowing fresh UltraTech bid

The operational creditors (OCs) of debt-ridden Binani Cement today lauded the NCLT order which directed the lenders to consider the revised bid of UltraTech Cement and reiterated its demand for forensic audit of the insolvency resolution process.

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via Binani Cement creditors laud NCLT order allowing fresh UltraTech bid

NPS subscribers allowed to partially withdraw fund for education, setting up business

NEW DELHI: Pension fund regulator PFRDA today said NPS subscribers will now have the option to partially withdraw funds from their accounts for pursuing higher education or setting up new business.

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via NPS subscribers allowed to partially withdraw fund for education, setting up business

Jaypee Infratech lenders to meet on May 7 to consider Lakshadweep bid

NEW DELHI: Lenders of Jaypee Infratech will meet on May 7 to consider Lakshadweep Pvt Ltd's Rs 7,350 crore bid to acquire the debt-laden firm, banking sources said. Jaypee Infratech is facing insolvency proceedings after it defaulted on loan repayments.

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via Jaypee Infratech lenders to meet on May 7 to consider Lakshadweep bid

Amazon India launches Weavesmart on its marketplace

AHMEDABAD: Amazon India launched Weavesmart, the e-commerce store for handlooms in India and an e-marketing partner for the Ministry of Textiles for promoting India Handloom Brand and Handloom Mark products, on its marketplace.

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via Amazon India launches Weavesmart on its marketplace

IPR of Lanco Infratech awaits tribunal decision

HYDERABAD: Lanco Infratech today said its interim resolution professional (IRP) has sought the approval of the National Company Law Tribunal for liquidation of the company or a takeover by Thriveni Earthmovers which has submitted a revised 'resolution plan.

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via IPR of Lanco Infratech awaits tribunal decision

Expecting the market to correct 2-3%: Neeraj Dewan, Quantum Securities

Talking to ET Now, Neeraj Dewan, Quantum Securities, says the correction if any would be shallow as there will be people who are willing to buy at lower levels. Edited excerpts: We have seen grinding movements in the market for some time.

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via Expecting the market to correct 2-3%: Neeraj Dewan, Quantum Securities

ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'

MONTATAIRE: The world's largest steel maker ArcelorMittal today asserted that its bid for debt-laden Essar Steel is "eligible" and indicated that any pay off towards outstanding dues of Uttam Galva, a firm in which it was a minority shareholder till sometime back, would be a "goodwill gesture".

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via ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'

Pension Fund regulator allows non-government subscribers to invest up to 75% in equities

In an interview with ET Now, Hemant G Contractor, Chairman, Pension Fund Regulatory & Development Authority, says for government subscribers, talks are on with government to raise equity component to 50% from 15%.

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via Pension Fund regulator allows non-government subscribers to invest up to 75% in equities

ICRA upgrades Jindal Steel and Power Limited’s outlook to stable

Kolkata: ICRA Limited has upgraded Jindal Steel and Power Limited’s (JSPL's) long-term and short-term credit ratings on expectations of a "stable outlook". The rating upgrade includes long-term and short-term bank facilities amounting to Rs. 25,288 crore and long-term rating for the Rs 1549.

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via ICRA upgrades Jindal Steel and Power Limited’s outlook to stable

Truebil hits Rs 100 crore in annualised revenue run rate

MUMBAI: Online marketplace for used cars Truebil has crossed Rs 100 crore in annualised revenue run rate as of March 2018.

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via Truebil hits Rs 100 crore in annualised revenue run rate

How to Build a Wine Barrel Stave Tea Light Candle Holder

A few weeks ago, Sarah asked me if I would help her out with a simple “how to” series for Mother’s Day.  The idea was to come up with a simple build that could be done in a weekend and given away as a Mother’s day gift.  I thought this was a great idea and of course, I was on board.

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via How to Build a Wine Barrel Stave Tea Light Candle Holder

Macros weakening, rupee could touch 67.5-68: Indranil Pan, IDFC Bank

In an interview with ET Now, Indranil Pan, group economist, IDFC Bank, says since oil prices have consistently moved higher and the Brent crude is now sitting above the $70 a barrel mark, some of the macro fundamentals for India are definitely weakening. There has been a spike in GST revenue.

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via Macros weakening, rupee could touch 67.5-68: Indranil Pan, IDFC Bank

Modi mapping invisible jobs to help measure India's real growth

For those trying to solve the Indian economy jigsaw puzzle, reliable jobs data has been one crucial missing piece. Prime Minister Narendra Modi has a plan to fix that defect.

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via Modi mapping invisible jobs to help measure India's real growth

Lenders to get 7.6 pc in Electrosteel after Vedanta takeover

Lenders will get 7.6 per cent stake in Jharkhand-based steel mill Electrosteel if Vedanta Ltd's bid to take over the company goes through. Mining baron Anil Agarwal-led Vedanta Resources plc, which owns 50.

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via Lenders to get 7.6 pc in Electrosteel after Vedanta takeover

Another cess coming? GST Council may approve imposition of Sugar cess

Running against the principles of the Goods and Services Tax, the Council’s 27th meeting being held via video-conferencing on Friday may clear the imposition of a 5% Sugar cess.

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via Another cess coming? GST Council may approve imposition of Sugar cess

The biggest action is in infra-focussed stocks: N Jayakumar

Talking to ET Now, N Jayakumar, MD, Prime Securities, says expensive stocks will remain expensive because people are drifting to quality. Who is buying into some of these consumer staple stocks? In last three years, they have become wildly expensive.

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via The biggest action is in infra-focussed stocks: N Jayakumar

This summer, Manpasand wants to capture 20% of mango juice market

If we can capture at least some of the remaining 20-25-30 lakh outlets in coming days, it will be a very good achievement, says Abhishek Singh, Director, Manpasand Beverages, talking to ET Now.

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via This summer, Manpasand wants to capture 20% of mango juice market

Forget IndiGo result, aviation is the space to be in: N Jayakumar

In an interview with ET Now, N Jayakumar, MD, Prime Securities, says pricing power has returned to aviation space because travelling by air has become a habit and can go for the sector as a whole.

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via Forget IndiGo result, aviation is the space to be in: N Jayakumar

No link with Vakrangee, CBI has not questioned us: Sanjeev Bhatia, PC Jeweller

Talking to ET Now, Sanjeev Bhatia, CFO, PC Jeweller, says stocks falling due to rumours and Fidelity which was had taken nearly 10% stock in the past one and a half months, has sold it off. That has also created some more selling pressure.

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via No link with Vakrangee, CBI has not questioned us: Sanjeev Bhatia, PC Jeweller

Amazon’s Flipkart bid just not high enough

BENGALURU: Amazon’s bid for a majority stake in Flipkart will cut no ice with some of the biggest investors as well as the top management team of India’s largest online retailer, as the American giant’s offer—made on Wednesday— is not high enough to cover the potential risks, said two peop

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via Amazon’s Flipkart bid just not high enough

Numetal, ArcelorMittal meet banks to prove eligibility

MUMBAI: The committee of creditors (CoC) of bankrupt Essar Steel today discussed the eligibility issues with Numetal and ArcelorMittal for bidding for the 10-million steel mill at Hazira that owes around Rs 49,000 crore to over 30 banks, say sources.

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via Numetal, ArcelorMittal meet banks to prove eligibility

KI furniture sells to employees, becomes one of nation's largest ESOP firms

GREEN BAY, Wi. - KI, a commercial & office furniture, casegoods, and panel systems manufacturer, is another industry firm to become 100 percent employee-owned.   As of April 27, the company is owned through an employee stock ownership plan, or ESOP.

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via KI furniture sells to employees, becomes one of nation's largest ESOP firms

Mold technology bends wood like shaping plastic

Kartell, an Italian company known for producing plastic furniture, has unveiled its first wooden furniture line - and it's made the same way as plastic furniture.

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via Mold technology bends wood like shaping plastic

Paytm Mall launches PoS solution; partners with Asus for exclusives

Further boosting its online-to-offline play, Paytm Mall today launched a connected PoS (Point of Sale) solution for retail stores enabling shopkeepers to manage their offline and online customers.

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via Paytm Mall launches PoS solution; partners with Asus for exclusives

NCLT orders Binani Cement lenders to consider UltraTech bid

The Kolkata bench of National Company Law Tribunal (NCLT) ordered Binani Cement Committee of Creditors (CoC) to consider revised offer submitted by UltraTech. Dalmia Bharat Cement and UltraTech are competing to take over the assets of the company.

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via NCLT orders Binani Cement lenders to consider UltraTech bid

Binani war to drag further, Dalmia may contest NCLT order

KOLKATA: The Dalmia Bharat Group expressed surprise over the NCLT Kolkata bench order to Committee of Creditors (CoC) of Binani Cement today to consider the revised bid of Ultra Tech Cement and hinted at contesting it at a higher forum. "We are surprised by the order passed by NCLT today.

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via Binani war to drag further, Dalmia may contest NCLT order

Mining major NMDC inaugurates Remote Sensing & GIS lab at its headquarters

Mining major NMDC inaugurated a Remote Sensing & GIS Lab at its headquarters in Hyderabad on Wednesday. This is part of a larger initiative by the state owned miner to go fully digital in areas of exploration and boost its mineral exploration activity.

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via Mining major NMDC inaugurates Remote Sensing & GIS lab at its headquarters

Coal India achieves 17% production growth in April

Coal India increased supplies to power sector by 14% on the back of a 17% rise in production and a 13% growth in sales during April. According to data released by Coal India, all its coal producing subsidiaries have recorded production and sales growth during the month.

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via Coal India achieves 17% production growth in April

Maker Spotlight: Rob Robillard, Carl Jacobson and Bob Clagett

Online publishing has made it much easier for anyone to share their building tips and projects. But as the costs were removed, in some cases, so were the quality filters.

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via Maker Spotlight: Rob Robillard, Carl Jacobson and Bob Clagett

MNCs getting serious about India could be wealth creators: Safir Anand

In an interview with ET Now, , Safir Anand, Investor & Strategist, says opportunities will keep coming from the transition of technology, from transition of business models, strengthening of business models, movement away from asset heavy like in the hospitality industry to asset light models, E

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via MNCs getting serious about India could be wealth creators: Safir Anand

Government approves restructuring of Indian Bureau of Mines

NEW DELHI: The government today approved the restructuring of Indian Bureau of Mines to reform the mineral sector regulation.

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via Government approves restructuring of Indian Bureau of Mines

Maithan Alloys board okays setting up manufacturing unit in West Bengal

KOLKATA: The board of Maithan Alloys Limited (MAL), a leading producer and exporter of manganese alloys has approved the company’s decision to set up a greenfield ferro alloy manufacturing unit in West Bengal at an investment of Rs 275 crore.

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via Maithan Alloys board okays setting up manufacturing unit in West Bengal

Investor Safir Anand on how he plays consumption theme and why he loves tyre stocks

In an interview, Safir Anand, Investor & Strategist, says some consumption play is left in migration to GST side while he finds potential in midcap IT stocks. However, he has solid respect for the tyre industry.

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via Investor Safir Anand on how he plays consumption theme and why he loves tyre stocks

We never had a large base in traditional services and that is a big advantage: HCL Tech management

Talking to ET Now, C Vijayakumar, CEO and Anil Chanana, CFO, HCL Tech, say the momentum of the company centres around next generation services.

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via We never had a large base in traditional services and that is a big advantage: HCL Tech management

Seven things Wall Street wants Elon Musk to talk about today

Tesla Inc. reports first-quarter earnings Wednesday after the market closes. Between now and then, investors, customers, followers and doubters will be chattering about what Chief Executive Officer Elon Musk has in store come late afternoon.

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via Seven things Wall Street wants Elon Musk to talk about today

Here’s why Rupesh Patel of Tata Asset Management is still bullish on private sector banks

In an interview with ET Now, Rupesh Patel, Fund Manager, Tata Asset Management, talks about the prospects of the private sector banks and relative merit of the construction space.

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via Here’s why Rupesh Patel of Tata Asset Management is still bullish on private sector banks

Base effect, investments in infra prove to be good for auto sector: Rupesh Patel, Tata Asset Management

In a chat with ET Now, Rupesh Patel, Fund Manager, Tata Asset Management Ltd, highlights reasons behind good auto numbers this quarter.

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via Base effect, investments in infra prove to be good for auto sector: Rupesh Patel, Tata Asset Management

Bizongo raises Rs 139 crore from B Capital, IFC and others

MUMBAI: Packaging solutions provider Bizongo has raised Rs 139 crore (about $21 million) from Facebook co-founder Eduardo Saverin’s technology-focused venture capital firm B Capital Group and International Finance Corporation (IFC), a member of the World Bank Group.

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via Bizongo raises Rs 139 crore from B Capital, IFC and others

Newair Beverage Cooler Review

This is one of those products I have wanted for years.  I am not sure why because I have two refrigerators, one in our kitchen and another in the basement for drinks.  I think it’s just one of those cool looking products that look cool and can spice up an area to make it look good.

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via Newair Beverage Cooler Review

There is no stress in 85% of REC loan book: PV Ramesh

Talking to ET Now, PV Ramesh, CMD, REC, says 85% of REC loans go to the public sector, distribution, generation and transmission of the government power utilities -- both central and state -- and there is no stress here.

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via There is no stress in 85% of REC loan book: PV Ramesh

Fintech startup OpenTap raises more than Rs 3 crore in latest round of funding

BENGALURU: Chennai based growth stage fintech startup OpenTap has raised more than Rs 3 crore in funding from a clutch of high net worth individuals. The company plans to use the funds to expand operations across the country and widen the reach of its financial services network.

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via Fintech startup OpenTap raises more than Rs 3 crore in latest round of funding

Tariff hike can be avoided if billing efficiency goes up: Ajay Kumar Bhalla, Power Secy

In an interview with ET Now, power secretary Ajay Kumar Bhalla says in order to bring down T&C losses, state governments have been advised to put up meters everywhere. If the billing efficiency goes up, tariff increase could be avoided.

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via Tariff hike can be avoided if billing efficiency goes up: Ajay Kumar Bhalla, Power Secy

Amazon offers to buy 60 percent stake in Flipkart

Amazon.com Inc has made a formal offer to buy a 60 percent stake in Indian online retailer Flipkart CNBC reported on Wednesday, citing sources.

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via Amazon offers to buy 60 percent stake in Flipkart

Vivek Mavani on 3 ways to play the rural theme

Talking to ET Now, Vivek Mavani, Vivek Mavani Financial Services, says agriculture equipment, auto and consumer durables are the three sectors where the rural theme will be played out well. You were bullish on TCS and that turned out to be a good call.

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via Vivek Mavani on 3 ways to play the rural theme

Penniless cities offer land to host Hyperloop tests

After President Emmanuel Macron scrapped plans for a high-speed rail connection to Limoges, a city in central France, local entrepreneur Fabien Thibaut picked up his phone to call Elon Musk and talk about the Hyperloop -- Musk’s idea for superfast trains zooming in tubes.

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via Penniless cities offer land to host Hyperloop tests

Shyam Sekhar's market mantra: When to buy and when to hold a stock

Shyam Sekhar, Chief Ideator & Founder, ithought, says agri value chain is where opportunities will come back during corrections and that should be viewed as an opportunity to re-enter these stocks or to again add to existing positions.

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via Shyam Sekhar's market mantra: When to buy and when to hold a stock

How to Put a Putting Green in Your Backyard

Professional and aspiring golfers alike can up their game by having a putting green in their backyard. While there several installation options, many find that they get the optimal results from installing the putting green themselves.

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via How to Put a Putting Green in Your Backyard

Largest FDMC 300 contract furniture companies work in $18 billion market.

Despite changes in the workplace and the way people work, most contract and office furniture manufacturers had a strong year in 2017, although there were some sales declines.

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via Largest FDMC 300 contract furniture companies work in $18 billion market.

Odd American Woods

One thing many of us woodworkers are drawn to is beautiful, natural wood. The lovely hue of the wood interacting with the grain’s pattern and the project’s design are infinitely variable and, for that reason, fascinating.

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Mitchell Gold + Bob Williams furniture needs a new CEO

TAYLORSVILLE, N.C. – Mitchell Gold + Bob Williams (MGBW) furniture is conducting a search for a new CEO as part of an effort to support its growing retail store network.

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via Mitchell Gold + Bob Williams furniture needs a new CEO

Installing a Router Lift in a Table Saw Extension

Rob Robillard walks you through the process of creating a router plate template and installing a router lift in your table saw extension. The Router Lift that he’s using the Rockler Pro Lift Router Lift.

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via Installing a Router Lift in a Table Saw Extension

NCLAT directs status quo in Electrosteel sale case

The National Company Law Appellate Tribunal (NCLAT) today directed that status quo be maintained in the case pertaining to the sale of debt ridden Electrosteel Steels to Vedanta Ltd.

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via NCLAT directs status quo in Electrosteel sale case

Desert Island Tool Choices

In the last issue, Rob asked what what would be your can’t-live-without-it desert island tool (assuming a table saw, jointer, band saw and drill press were givens). For many readers, basic hand tools made the list. – Editor

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via Desert Island Tool Choices

What’s the Purpose of Straight, Curved Draw Knives?

What is the difference between a straight draw knife and a curved draw knife, and why is one used over the other? Is there a particular application or process where a curved draw knife is preferable to a straight knife? I own both versions in excellent condition through a lucky antique store visit.

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via What’s the Purpose of Straight, Curved Draw Knives?

M18™ Random Orbit Sander

Milwaukee’s new M18 Random Orbit Sander delivers cordless power on par with a corded tool, while providing other features you expect from a random-orbit sander.

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via M18™ Random Orbit Sander

Free Mother’s Day Project Class

Rockler stores nationwide will hosting Make and Take classes on Saturday, May 5, in which participants can learn basic woodworking skills while handcrafting a simple wooden jewelry tree. It’s a great gift idea for Mother’s Day.

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via Free Mother’s Day Project Class

Rockler Router Bit Storage Inserts

Router’s Router Bit Storage Inserts let you mount your router bit collection wherever it’s most convenient: on the wall, in a shelf, at your workbench or router table or in a drawer.

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via Rockler Router Bit Storage Inserts

Buffett may be sitting on $135-bn cash, but is still unlikely to invest in India

Raamdeo Agrawal, co-founder and fund manager, Ashish Somaiya, MD &CEO, an d Gautam Sinha Roy, Senior VP- Fund Manager, Motilal Oswal AMC, discuss Warren Buffett, the Oracle of Omaha and whether he is going to change his policy of not investing in India with ET Now’s Tanvir Gill before the Berkshir

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via Buffett may be sitting on $135-bn cash, but is still unlikely to invest in India

How Buffett uses $135-bn cash and talks on changing valuation model expected at Omaha: Raamdeo Agrawal

Raamdeo Agrawal, co-founder and fund manager, Ashish Somaiya, MD &CEO, and Gautam Sinha Roy, Senior VP- Fund Manager, Motilal Oswal AMC, discuss Warren Buffett, the Oracle of Omaha, and his changing style of investment with ET Now’s Tanvir Gill before the Berkshire Hathaway AGM at Omaha on Saturda

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via How Buffett uses $135-bn cash and talks on changing valuation model expected at Omaha: Raamdeo Agrawal

Shopmatic introduces initiative to encourage entrepreneurs setup online shop for $1

AHMEDABAD: International e-commerce company Shopmatic has introuduced a new initiative to encourage entrepreneurship in India on a massive scale.

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via Shopmatic introduces initiative to encourage entrepreneurs setup online shop for $1

GST@1 lakh crore: No need to get over excited as financial years end with higher collections, says Vanaja Sarna, CBEC

Talking to ET Now, Vanaja Sarna, CBEC Chairperson, says GST collections should be going up from here. We need to have a few more people filing taxes. Edited excerpts: GST collections have crossed Rs 1 lakh crore for the first time.

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via GST@1 lakh crore: No need to get over excited as financial years end with higher collections, says Vanaja Sarna, CBEC

Milwaukee M18 Radius Compact Light Review

Milwaukee has had a focus on worksite lighting for a few years now ranging from spotlights, task lights, flood lights and area lights.  This year they have introduced yet another option, the Milwaukee M18 Radius Compact Site Light.

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via Milwaukee M18 Radius Compact Light Review

GST@1 lakh crore: No need to get over excited as financial years end with higher collections, says Vanaja Sarna, CBEC

Talking to ET Now, Vanaja Sarna, CBEC Chairperson, says GST collections should be going up from here. We need to have a few more people filing taxes. Edited excerpts: GST collections have crossed Rs 1 lakh crore for the first time.

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via GST@1 lakh crore: No need to get over excited as financial years end with higher collections, says Vanaja Sarna, CBEC

Airtel holding its ground, maintaining its revenues and margins: Rajan Mittal

Talking to ET Now, Rajan Mittal, Promoter, Bharti Group, says while the industry is growing, the sector is facing challenges. What is your view on the state of the telecom sector? There are three players now left and the industry is growing.

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via Airtel holding its ground, maintaining its revenues and margins: Rajan Mittal

Here's how two rural entrepreneurs are powering Centre's 'gobar-dhan' scheme

KARNAL (HARYANA): "Poo to Power" may sound awkward and impractical, but Aditya Aggarwal and his brother Amit have done it in Karnal, Haryana.

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via Here's how two rural entrepreneurs are powering Centre's 'gobar-dhan' scheme

Digital marketing strategies followed by top consumer brands that MSMEs can use

The digital world today is swamped with cutting-edge technologies such as big data, cloud technology, the Internet of Things, and the mobile internet. These technologies, along with the right digital marketing strategies can help organizations of all sizes become successful.

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via Digital marketing strategies followed by top consumer brands that MSMEs can use

FY19 will see return to quality, look in these 4 pockets: Pankaj Tibrewal, Kotak MF

Look for growth in auto and auto ancillaries, speciality chemicals, cement and construction and engineering, says Pankaj Tibrewal, Senior Vice President and Equity Portfolio Manager, Kotak Mutual Fund, talking to ET Now.

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via FY19 will see return to quality, look in these 4 pockets: Pankaj Tibrewal, Kotak MF

Make a Small Kitchen Look Bigger

If you have a small kitchen, don’t despair. There are ways to make it look and feel better through a few home improvement projects that you could try.

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via Make a Small Kitchen Look Bigger

Improved maternity benefits could prove counterproductive: Survey

A little over one year after India increased the maternity leave benefit to 26 weeks from 12 weeks, a survey said the move could be counterproductive to the cause of a diverse workplace in certain sectors unless other support measures are also undertaken.

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via Improved maternity benefits could prove counterproductive: Survey

Celebrating Flipkarts hides disturbing truths about our internet economy

Flipkart will likely be sold to US retail behemoth, Walmart. Walmart-bought Flipkart will battle it out with another Indian play of another US retail giant, Amazon. So, the biggest story in one of the world’s biggest online markets is that two foreign businesses will fight for supremacy.

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via Celebrating Flipkarts hides disturbing truths about our internet economy

May 4 GST meeting to influence market significantly: Madan Sabnavis, CARE Ratings

Talking to ET Now, Madan Sabnavis, CARE Ratings, says it is very important that the collections coming from GST remain optimal and it needs to move forward as soon as possible. Edited excerpts: Let us talk about the GST collections.

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via May 4 GST meeting to influence market significantly: Madan Sabnavis, CARE Ratings