BILT Graphic Paper gets insolvency breather from Delhi High Court

MUMBAI: The Delhi High Court has ordered IDBI Bank not to initiate insolvency proceedings against BILT Graphic Paper, which figures in the list of 29 companies that the Reserve Bank of India ordered banks to resolve through bankruptcy laws.

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via BILT Graphic Paper gets insolvency breather from Delhi High Court

5 Easy Ways To Prep Your Home For Spring

* This blog post is brought to you by 3-IN-ONE®. All home improvement tips and opinions about product are my own. You can click here for my full sponsorship disclosure policy.

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via 5 Easy Ways To Prep Your Home For Spring

Write Home Listing Descriptions That Secure Sales

The creative art of writing for real estate is a tricky one to master at best. It’s unlike any other form of copywriting, as you would expect for the biggest purchase the average person makes in their life.

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via Write Home Listing Descriptions That Secure Sales

Alteria Capital makes first close of maiden fund at Rs 356 crore

MUMBAI: Venture debt firm Alteria Capital has made the first close of its maiden Alteria Capital India Fund I with commitments of Rs 356 crore. The fund counts institutional investors such as IndusInd Bank and a large family office foundation as anchor investors.

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via Alteria Capital makes first close of maiden fund at Rs 356 crore

Association of Woodturners Appoints John Kelsey as New Editor of Woodturning FUNdamentals

(Saint Paul, February 21, 2018)-The American Association of Woodturners (AAW) is pleased to announce that its Board of Directors has rededicated Woodturning FUNdamentals, AAW’s digital publication for new and beginning woodturners, and appointed John Kelsey as its new editor.

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via Association of Woodturners Appoints John Kelsey as New Editor of Woodturning FUNdamentals

Tyazhpromexport looks to turn the corner, to harness tech knowledge bank

KOLKATA: Tyazhpromexport (TPE), a key member of Numetal Mauritius, the consortium that has bid for Essar Steel, has said it would harness its technical knowledge bank and expertise to engineer a swift turnaround of the debt-laden mill.

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via Tyazhpromexport looks to turn the corner, to harness tech knowledge bank

India struck off mining survey for skipping minimum questions

The survey for 2017 was conducted by Canada's Fraser Institute. "This year (2017) India has not been even included. In 2016, it was the least attractive destination. India is not in the reckoning for mining investment.

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via India struck off mining survey for skipping minimum questions

98.87 lakh MT minerals illegally mined in 5 Rajasthan districts in 5 yrs: CAG

JAIPUR: A whopping 98.

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via 98.87 lakh MT minerals illegally mined in 5 Rajasthan districts in 5 yrs: CAG

India not an attractive investment destination now: Himanshu Srivastava, Morningstar

Talking to ET Now, Himanshu Srivastava, Morningstar Advisers India , says if the rupee continues to depreciate going ahead and there is some more correction, we can see some money flowing into Indian markets. Edited excerpts: While FIIs bought net assets worth about $1.

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via India not an attractive investment destination now: Himanshu Srivastava, Morningstar

How to Joint Two Boards at Once with Your Router

You can use a router to joint two boards at once. This is a really handy trick if you don’t have a long-bed jointer or you don’t have a jointer at all, and you’re working with really long stock. The trick is to rout both boards at the same time, so the edges mirror each other.

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via How to Joint Two Boards at Once with Your Router

Steel demand picks up in first 9 months of FY18: ICRA

KOLKATA: A pick up in domestic steel demand paired with sustained buoyancy in the auto sector and a recovery in construction and capital goods alongwith consolidation in the sector as part of the insolvency resolution of stressed steel assets is tipped to favour production growth in steel sector, ac

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via Steel demand picks up in first 9 months of FY18: ICRA

Helly Hansen Review

If you live in the US, you might not be familiar with Helly Hansen.  At least I know I never heard of the company until Dan started buying a ton of these jackets.  Well, it turns out, Helly Hansen is a name that not only has a long history, but they are known for their quality jackets.

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via Helly Hansen Review

Demand for conventional cars will sustain even after EVs: R C Bhargava, Maruti

Talking to ET Now, R C Bhargava , Chairman, Maruti , discusses whether rural and semi-urban markets are the new avenues of growth, new buying trends and future of EVs. Edited excerpts: The larger part of the demand is now coming in from smaller markets.

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via Demand for conventional cars will sustain even after EVs: R C Bhargava, Maruti

Stallion Asset’s Amit Jeswani on sectors to pare and add to in portfolio

In a chat with ET Now, Amit Jeswani , CIO, Stallion Asset , says there will be a sector that will lead the next phase of the bull market and we will come to know that in the next three-four months. Meanwhile, he is paring weight in financials and is bullish on financials.

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via Stallion Asset’s Amit Jeswani on sectors to pare and add to in portfolio

Rupee to remain weak over next 6-12 months: Arvind Narayanan, DBS Bank

In a chat with ETNow, Arvind Narayanan of DBS Bank says the rupee will gradually move towards 66 levels and beyond. ET Now: We are seeing strength in the dollar and weakening in the rupee from a short-term perspective.

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via Rupee to remain weak over next 6-12 months: Arvind Narayanan, DBS Bank

Dilip Buildcon wins Rs 2,013-crore highway project in Andhra Pradesh

Highways builder Dilip Buildcon today said that NHAI has declared it as the lowest bidder for a Rs 2,013 crore highway project in Andhra Pradesh to be done under hybrid annuity mode.

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via Dilip Buildcon wins Rs 2,013-crore highway project in Andhra Pradesh

Razorpay to power UPI on IRCTC

NEW DELHI: Payment solutions company Razorpay has collaborated with Indian Railway Catering and Tourism Corporation (IRCTC) to help customers make online payments on latter's website and mobile app through UPI (Unified Payment Interface).

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via Razorpay to power UPI on IRCTC

Amazon Music launches in India as part of Prime

MUMBAI: India’s crowded music streaming market is all set to make room for another player as Amazon launches its music service in India.

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via Amazon Music launches in India as part of Prime

Worst is behind us in pharma, but it is better to wait and watch: Prashant Nair, Citi Research

In a chat with ET Now, Prashant Nair, Citi Research , says pharma is one sector where midcap companies have turned into largecap companies. That transition has happened fairly frequently.

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via Worst is behind us in pharma, but it is better to wait and watch: Prashant Nair, Citi Research

4 mega trends that are making Arvind’s Kulin Lalbhai gung-ho on future

In an interview with ET Now, Kulin Lalbhai , ED, Arvind Limited , explains that he is excited about the growing trend of global garmenting in India, growth of new verticals like sports and leasure wear, emergence of technical textiles and growth of brand-led plays.

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via 4 mega trends that are making Arvind’s Kulin Lalbhai gung-ho on future

Amazon buys video doorbell startup Ring

SAN FRANCISCO: Amazon confirmed Tuesday that it bought video doorbell startup Ring, in a move that could help the internet giant's delivery arm reach into people's homes. Financial terms of the acquisition were not disclosed, but online reports valued the deal at more than a billion dollars.

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via Amazon buys video doorbell startup Ring

DeWalt FlexVolt Miter Saw Review

I’m sure most of us use and own at least some cordless tools. Until recently, battery operated tools were only confined to drills, impacts, jobsite lights, and small saws. That has all changed in the last couple of years.

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via DeWalt FlexVolt Miter Saw Review

VC firm WaterBridge closes $30m maiden fund

WaterBridge Ventures has already announced six investments, but is also believed to have placed three more bets, which are yet to be disclosed. NEW DELHI: Early-stage venture capital firm WaterBridge Ventures has made the final close of its maiden fund at $30 million (about Rs 200 crore).

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via VC firm WaterBridge closes $30m maiden fund

Lok Capital eyes $50-m debt fund

NEW DELHI: Impact investor Lok Capital is on road to raise a debt fund with a target of $50 million (Rs 325 crore), people close to the matter said. It will make investments ranging from $1-3 million across a much broader range of companies than its equity funds.

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via Lok Capital eyes $50-m debt fund

Tracking the Track Saw

As a woodworking magazine dude, I have some serious advantages in the world of tools. I often get to try out new stuff that other people would have to buy in order to give it a spin. (In case you are feeling jealous, we usually have to send the tools back — a sad end when you really like a tool.

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via Tracking the Track Saw

Wooden “Solutions”

In the last issue, Rob asked you to share “unlikely wooden solutions to regular problems.” Here are the tales we heard. – Editor “I was remodeling two dormer room ceilings. I was installing new insulation and drywall due to damage done by tree limbs in a storm.

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via Wooden “Solutions”

A Video Guide to Measuring Tools in the Workshop

Over the last few weeks, I’ve made several posts about measuring tools in the series Precision Instruments for Woodworkers. The purpose of the series is to introduce the idea of precision through establish standards for your measuring tools and to test all your measuring tools.

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via A Video Guide to Measuring Tools in the Workshop

How to Build a New Patio This Spring

Talk about a win-win. Spring is in the air, and you’re ready to welcome the warm weather by building a new patio.

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via How to Build a New Patio This Spring

MedPlus founder launches online venture for lifestyle products

HYDERABAD: Serial entrepreneur and founder of MedPlus, Dr Madhukar Gangadi on Tuesday announced the launch of Batchtag.com, an online platform for lifestyle products and building materials, selling at factory direct prices, thus saving them 40-80% on market operating prices. BatchTag.

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via MedPlus founder launches online venture for lifestyle products

Security solutions provider myGate aims to tap 7 cities in 2 years

HYDERABAD: Mobile-based security management solutions provider myGate on Tuesday announced its plan to tap two million homes across the top seven cities within the next two years.

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via Security solutions provider myGate aims to tap 7 cities in 2 years

Balsa and Cedar Surfboard Project

My first hollow wooden surfboard from balsa ply and cedar. 7′ fun board with thruster fins and a vent to allow airflow. It is about 15 lbs out of the water but floats very similar to a foam board. Cant wait to build the next one. I’m going bigger!

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via Balsa and Cedar Surfboard Project

VIDEO: Edge Gluing a Panel

When you make a project that includes a panel, you can use a piece of plywood, but it is often a better option to make the panel from solid wood.

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via VIDEO: Edge Gluing a Panel

Numaligarh Refinery Ltd finds new market in US for wax

GUWAHATI: Assam-based Numaligarh Refinery Limited (NRL) has made an entry into the North American market, dispatching a consignment of 80 metric tonnes (MT) of wax to the United States.

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via Numaligarh Refinery Ltd finds new market in US for wax

India to have 1 lakh startups by 2025: Mohan Das Pai

India will have one lakh startups by 2025, employing 3.25 million people, Manipal Global Education Chairman T V Mohan Das Pai said today. He further said startup ecosystem will facilitate creating USD 10 trillion economy in India by 2030. Besides, startups will help solve the country's problems.

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via India to have 1 lakh startups by 2025: Mohan Das Pai

Hitachi EC28M Ultra Quiet Air Compressor

Hitachi’s One-Gallon Oil-Free Ultra Quiet Air Compressor (Model EC28M) is the first in the company’s new Low Noise Series. It produces only 59 dB of sound when it cycles, which is below the level of a normal conversation.

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via Hitachi EC28M Ultra Quiet Air Compressor

RYOBI 18V 6-Gallon Wet/Dry Vac

RYOBI promises corded performance and cordless convenience with the new ONE+ 18-volt, 6-Gallon Wet/Dry Vacuum. Powered by a single ONE+ lithium-ion tool battery (sold separately), this cordless vacuum draws 80 cubic feet of air per minute through its 7-ft., 1-7/8-in.-dia. hose.

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via RYOBI 18V 6-Gallon Wet/Dry Vac

How to Eliminate Mice Odors?

This cabinet was custom-made to accept the drawers, which came from my grandfather’s grocery store.  The drawers were refinished, but they still maintain an odor inside from mice nests from the past.

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via How to Eliminate Mice Odors?

BORA, PortaMate, Now One Brand

In mid December of last year, Affinity Tool Works, LLC, a privately owned global tool company based in Troy, Michigan, announced that it had streamlined two of its established product lines — BORA® Tool and PortaMate — into BORA PortaMate to reflect one cohesive category brand.

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via BORA, PortaMate, Now One Brand

Dalmia Bharat consortium emerges as highest bidder for Binani Cement

After a four-hour meeting held in Mumbai on Tuesday, lenders led by Bank of Baroda decided to vote for the Dalmia Bharat consortium as the highest bidder, said two senior officers aware of the development.

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via Dalmia Bharat consortium emerges as highest bidder for Binani Cement

Nifty earnings to grow 12% in FY19, expect maximum earnings growth in these 2 sectors: Citibank

Talking to ET Now, Abhinav Khanna and Richard Heyes of CitiBank share their outlook on the global equities, themes to play at earnings expectations. Citi expects financial and consumption sector earnings to grow most in FY19. Edited excerpts: Abhinav, you got ears close to the ground.

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via Nifty earnings to grow 12% in FY19, expect maximum earnings growth in these 2 sectors: Citibank

Continue to be bullish on these 2 sectors in market: Prasun Gajri, HDFC Life

In a chat with ET Now, Prasun Gajri , CIO, HDFC Life Insurance Company , explains why he is optimistic towards NBFCs and the auto sector.

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via Continue to be bullish on these 2 sectors in market: Prasun Gajri, HDFC Life

Creditors to take final call on JSW-Aion Capital bid for Monnet Ispat in 2-3 weeks

NEW DELHI: The resolution plan for Monnet Ispat proposed by the Aion Capital-JSW Steel consortium is being reviewed by legal advisors presently and the creditors committee will take a final call on the offer in two-three weeks, sources said.

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via Creditors to take final call on JSW-Aion Capital bid for Monnet Ispat in 2-3 weeks

We expect to launch electrical vehicle in next 3-4 years: Prashant Jain, JSW Energy

Talking to ET Now, Prashant Jain , Joint MD & CEO, JSW Energy , says they wanted to venture into the new generation businesses and thereby decided to enter into electric vehicle as well as the energy storage businesses.

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via We expect to launch electrical vehicle in next 3-4 years: Prashant Jain, JSW Energy

Karix Mobile launches cloud communication platform as a service

Mumbai-based messaging solution and mobile engagement company— Karix Mobile (formerly known as mGage India) has announced the launch of its cloud communications platform as a service (CPaaS) – karix.io.

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via Karix Mobile launches cloud communication platform as a service

Capitalworld launches new product to help MSMEs

BENGALURU: CapitaWorld a digital platform that automates the entire loan value chain has rolled out the first version of a ‘Smart Loan -Disintermediation Ecosystem’, a fully integrated lending system which can reduce the loan approval process by 70% thereby increasing possibilities for the MSME

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via Capitalworld launches new product to help MSMEs

20% of HNIs allocations going towards alternate investments: Nitin Jain, Edelweiss Group

Talking to ET Now, Nitin Jain , CEO, Global Asset & Wealth Management, Edelweiss Group , says if the 10-year G-sec in the US moves to say 4-4.5% in a year to year-and-a-half, that might spook the market but otherwise the scenario is benign.

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via 20% of HNIs allocations going towards alternate investments: Nitin Jain, Edelweiss Group

Cement demand to see 4.5% growth in FY19

Cement demand in India is likely to grow about 4.5 per cent in 2018-19 on the back of pick-up in housing segment, and higher infrastructure spend, rating agency ICRA said today. Domestic cement production during April-December 2017-18 stood at 216.5 million metric tonne (MMT), higher by 2.

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via Cement demand to see 4.5% growth in FY19

SBI, Google Tez to focus on digital payments for its customers

MUMBAI: Google on Tuesday announced a deeper integration with State Bank of India for its mobile payments app Tez. The integration will allow Tez users to now create a SBI UPI Id - @oksbi and get access to exclusive offers for SBI customers.

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via SBI, Google Tez to focus on digital payments for its customers

Underwater robotics startup Planys Technologies raises Series-A funding

CHENNAI: Planys Technologies, a start-up incubated at IIT Madras Incubation Cell, and an Original Equipment Manufacturer (OEM) of underwater robots (Remotely Operated Vehicles or ROVs) that can perform underwater inspections, closed a INR 14 Crores round of Series A Funding.

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via Underwater robotics startup Planys Technologies raises Series-A funding

We plan to take gas distribution network across India: DK Sarraf, PNGRB

Talking with ET Now, DK Sarraf , Chairperson, Petroleum and Natural Gas Regulatory Board (PNGRB) , highlights the importance of cleaner fuel and how the government's decision to start the ninth round of bidding process for City Gas Distribution Network will help the nation to achieve its target by 2

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via We plan to take gas distribution network across India: DK Sarraf, PNGRB

Ezetap launches Aadhaar enabled payment terminal

BENGALURU: Ezetap has launched EzeSmart an open-platform, smart GPRS terminal enabled with Aadhaar pay and eKYC. EzeSmart, which runs on Ezetap’s universal payment acceptance platform,is capable of accepting all payment modes including UPI, Bharat QR and Aadhaar Pay.

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via Ezetap launches Aadhaar enabled payment terminal

Times Internet and GirnarSoft to offer marketers access to 27 million in-market vehicle buyers

MUMBAI: Times Internet, has partnered with GirnarSoft, parent company of CarDekho.com, BikeDekho.com, Gaadi.com and Zigwheels.

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via Times Internet and GirnarSoft to offer marketers access to 27 million in-market vehicle buyers

Essar Steel gives ArcelorMittal a chance to be part of the growing Indian economy: Brian Aranha

We have an undisputed reputation as a steel company which acquires and grows steel businesses, says Brian Aranha , Executive VP & Global Strategy Head, ArcelorMittal , talking to ET Now. Laxmi Mittal was here over the weekend to attend the Economic Times Global Business Summit.

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via Essar Steel gives ArcelorMittal a chance to be part of the growing Indian economy: Brian Aranha

You will not lose money in mobile wallets: RBI

MUMBAI: The Reserve Bank of India has allayed apprehension over mobile wallet money and said, customers will not lose money even if wallet companies remain non-compliant to its full KYC (Know Your Customer) guidelines after the last deadline expires on Wednesday.

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via You will not lose money in mobile wallets: RBI

Airbnb has had incredible growth among Indian guests and hosts: Nathan Blecharczyk

Airbnb, the 10-year old tech-hospitality platform that started in 2008 in a flat in San Francisco, California, out of a necessity to pay rent, has now turned into one of the world’s largest platforms for accommodation. With 4.

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via Airbnb has had incredible growth among Indian guests and hosts: Nathan Blecharczyk

Offline mechanism too for delayed GST refunds to exporters

The government has created an alternative offline mechanism to address the issue of delayed goods and services tax (GST) refunds to exporters, which gives them an opportunity to approach a customs officer to correct errors that may have caused the delay.

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via Offline mechanism too for delayed GST refunds to exporters

Tech envisions the ultimate startup: An entire city

SAN FRANCISCO — For all the optimism, innovation and wealth that are produced here, the Bay Area can also feel like a place that doesn’t work quite right. The cost of housing has priced out teachers and line cooks. Income inequality is among the widest in the nation.

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via Tech envisions the ultimate startup: An entire city

Tech investors should enjoy its deal spree: SoftBank's Rajeev Misra

The venture capital community has been fretting about the impact SoftBank Group Corp.’s giant tech fund has on deal prices. The Japanese company says be grateful.

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via Tech investors should enjoy its deal spree: SoftBank's Rajeev Misra

As fintech revolution takes root, banks keen to work with startups developing disruptive solutions

BENGALURU: After large rounds of funding from global investors, India’s digital lending startups are seeing a pickup in debt funding activity from a larger cross-section of banks.

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via As fintech revolution takes root, banks keen to work with startups developing disruptive solutions

How India's oldest accounting software got a new lease of life after GST

Until October 2016, the product and engineering teams at Bengaluru-headquartered software company Tally Solutions were developing a point of sale (PoS) technology solution. Their eye was on the retail opportunity— an estimated 20 million shopkeepers. But the project went on the backburner.

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via How India's oldest accounting software got a new lease of life after GST

How VR tech is changing reality thick and fast

BENGALURU: Virtual Reality (VR) is expected to bring about a lot of change across industries like education, health, real estate and gaming. Companies like Facebook-owned Oculus, HTC, Google, Samsung and others have put in large investments to further VR.

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via How VR tech is changing reality thick and fast

Privatisation is not the panacea for PSU banks’ issues: Rajnish Kumar, SBI

State-run banks have been taking it on the chin due to the ₹11,300 crore fraud at Punjab National Bank.

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via Privatisation is not the panacea for PSU banks’ issues: Rajnish Kumar, SBI

VIDEO: How to Edge Glue a Wood Panel

Learn how to glue up a wood panel. This is an basic woodworking skill that every woodworker should know. When you make a project that includes a panel, you can use a piece of plywood, but it is often a better option to make the panel from solid wood.

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via VIDEO: How to Edge Glue a Wood Panel

Individual angels may get tax relief too

NEW DELHI: The government is considering exempting investments made by individuals in certain startups from the so-called angel tax to provide a level playing field with other angel investors and to nudge high net worth individuals to back innovation.

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via Individual angels may get tax relief too

Bhushan insolvency process: NCLT asks RP to submit stand on Liberty bid by March 2

MUMBAI: A dedicated bankruptcy court finalising the insolvency of Bhushan Power and Steel has asked the resolution professional (RP) to submit his stand by March 2 on opening the Liberty House bid that came in after the deadline for the debt-laden company had ended.

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via Bhushan insolvency process: NCLT asks RP to submit stand on Liberty bid by March 2

Amazon opens 15 warehouses for AmazonNow in 4 cities

NEW DELHI: Global e-tailing giant Amazon.in today announced a specialised network of 15 warehouses for AmazonNow, an app-only service with speedy delivery of daily essentials items, in Bangalore, Mumbai, New Delhi and Hyderabad.

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via Amazon opens 15 warehouses for AmazonNow in 4 cities

ACC, Ambuja say not proceeding with merger plan

NEW DELHI: ACC Ltd and Ambuja Cements, the two Indian units of LafargeHolcim, today said they are not proceeding with the merger at this juncture. The company is therefore not proceeding with the merger at this juncture, though this remains the ultimate objective, it added.

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via ACC, Ambuja say not proceeding with merger plan

MakeMyTrip and OYO rekindle partnership; Latter to list all properties across MMT platforms

NEW DELHI: MakeMyTrip, India’s largest online travel operator, will, once again, list SoftBank-backed OYO’s chain of hotels across its two primary platforms, more than two years after it removed the online budget hotel aggregator from the same, citing strategic overlaps.

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via MakeMyTrip and OYO rekindle partnership; Latter to list all properties across MMT platforms

Bhushan Steel bid: Liberty House makes case before NCLT

NEW DELHI: UK-based Liberty House, which saw its bid for acquiring Bhushan Power and Steel being rejected, said it has made a case before National Company Law Tribunal (NCLT) today and March 5 has been fixed as the next date of hearing.

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via Bhushan Steel bid: Liberty House makes case before NCLT

National level vendor development programme begins in Siliguri today

SILIGURI: With an objective to build a stronger bondage between MSME sector and entities like large scale enterprises, a national level Vendor Development Programme–cum-exhibition (NLVDP) has begun on Monday at Siliguri.

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via National level vendor development programme begins in Siliguri today

Reliance Infrastructure wins Rs 292 crore in arbitration against Goa on non-payment of power bill

MUMBAI: Reliance Infrastructure has won an arbitration award of Rs 292 crore against the government of Goa in a case relating to non-payment of dues for electricity supplied by the former, the Anil Ambani-led company said Monday.

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via Reliance Infrastructure wins Rs 292 crore in arbitration against Goa on non-payment of power bill

Expect these sectors to help manufacturing raise its share to 25% of GDP by 2025: Samiran Chakraborty, Citibank

In an exclusive chat with ET Now, Samiran Chakraborty , Chief Economist, Citibank , says he is optimistic about India's growth prospects and that industries like food processing, chemicals including pharmaceuticals, petrochemicals, textiles and apparels are the ones which could be the next sector le

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via Expect these sectors to help manufacturing raise its share to 25% of GDP by 2025: Samiran Chakraborty, Citibank

Husky Portable Workbench Review

Husky seems to be a name that has consistently earned high praise for their durability and rugged construction. I have to say I agree, and the brand has yet to disappoint me overall. The Husky Portable Workbench had me intrigued.

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via Husky Portable Workbench Review

Citi Ventures, PNC invest $6 million in HighRadius

HYDERABAD: Venture capital firm Citi Ventures and financial services major PNC have invested nearly $6-10 million in HighRadius, a business-to-business (B2B) payments and receivables software provider, in a bid to tap the changing payment landscape in banks and enterprises, according to industry sou

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via Citi Ventures, PNC invest $6 million in HighRadius

Equirus has the skills we are looking for: Ganesh Sankaran, Federal Bank

In an interview with ET Now, Ganesh Sankaran , Executive Director, Federal Bank , talks about the recent acquisition of Equirus Capital, the company’s growth trajectory and future M&A opportunities.

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via Equirus has the skills we are looking for: Ganesh Sankaran, Federal Bank

Hindustan Zinc to commission two mills in Rajasthan at Rs 600 crore investment

KOLKATA: Hindustan Zinc is set to commission two new mills in Rajasthan at an investment of Rs 600 crore. The two mills will have a combined ore treatment capacity of three million tonne (mt). The first mill of 1.

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via Hindustan Zinc to commission two mills in Rajasthan at Rs 600 crore investment

India must not get complacent, continue with reforms: William Thomas, KPMG

Talking to ET Now, William Thomas , Global Chairman, KPMG , says there is no place for complacency as the reforms are great but they are the start and not the end.

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via India must not get complacent, continue with reforms: William Thomas, KPMG

The uptrend could continue for next four to seven sessions: Deepak Jasani, HDFC Securities

Talking to ET Now, Deepak Jasani , Head Retail Research, HDFC Securities , says in case you want to accumulate stocks over a medium-term perspective, realty is a good sector to be in.

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via The uptrend could continue for next four to seven sessions: Deepak Jasani, HDFC Securities

Ola announces launch of mobility services in Aizawl

GUWAHATI: Homegrown cab-hailing company, Ola announced the launch of the company’s mobility services alongside its larger transportation technology ecosystem in Aizawl, Mizoram state’s capital city.

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via Ola announces launch of mobility services in Aizawl

Why Citi is betting on these 4 sectors this year

In a conversation with ET Now, at the Citi Investor Conference 2018, Surendra Goyal , Director & Head, India Equity Research, Manish Shukla , Director, Equities Research and Jamshed Dadabhoy , Citigroup Global Markets discuss whether the present blip is a buying opportunity or should one patiently w

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via Why Citi is betting on these 4 sectors this year

Paytm looks for insurance licence in growth push

BENGALURU: Online payments major Paytm plans to apply for a licence to operate as a life and general insurer, people aware of the matter said. Paytm, which has set up two separate entities named Paytm Life Insurance and Paytm General Insurance, will file an application with IRDAI.

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via Paytm looks for insurance licence in growth push

Women sound the alarm over 'blockchain bros'

PALO ALTO: When a cryptocurrency startup that promised to revolutionize the fruit and vegetable industry shut down last month, it left behind one word on its website: penis.

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via Women sound the alarm over 'blockchain bros'

Bhushan Steel: Ours is a good proposition and we would like to be considered, says Sanjeev Gupta, Liberty House

Talking to ET Now, Sanjeev Gupta , Executive Chairman, Liberty House , says the company have turned around dozens of steel businesses in the UK, US and Australia and are at least one of the best candidates to look at the steel companies in India.

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via Bhushan Steel: Ours is a good proposition and we would like to be considered, says Sanjeev Gupta, Liberty House

OYO and ZO trade barbs via legal counsels

NEW DELHI: Online hotel aggregators OYO and Zostel Hospitality, which owns the Zo Rooms brand of budget hotels, traded barbs through their legal representatives on Sunday, with the former claiming that a court had rejected the startup’s suit alleging data theft, and reneging on an earlier agreemen

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via OYO and ZO trade barbs via legal counsels

Flipkart ahead of Amazon in smartphone 2017 sales

Flipkart now sells more than half the smartphones online, taking a bigger lead over Amazon in the crucial category.

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via Flipkart ahead of Amazon in smartphone 2017 sales

Machines no match for human brain: Apple cofounder Wozniak

NEW DELHI: Years before tech visionaries such as Bill Gates and Elon Musk sounded warnings about artificial intelligence (AI), Stephen Wozniak, the cofounder of Apple, had raised an alarm over its increasing use and possible threat to humankind.

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via Machines no match for human brain: Apple cofounder Wozniak

India should never be a digital colony like Europe: Naspers CEO Bob van Dijk

NEW DELHI: Naspers chief says India needs to make sure that it builds an ecosystem for the success of local businesses or risk being another Europe, stuck in a decade of nothing Africa’s biggest company, media and Internet conglomerate Naspers, has become one of the world’s largest investors in

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via India should never be a digital colony like Europe: Naspers CEO Bob van Dijk

India is a key part of international subscription growth: Netflix

NEW DELHI: Streaming service Netflix is disrupting the entertainment business across the world, producing cult hits like ‘House of Cards’ and ‘Stranger Things’ with a budget of $8 billion to produce original shows in 2018. With over 117.

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via India is a key part of international subscription growth: Netflix

We expect 26% earnings growth for Nifty50 companies next fiscal: Sanjeev Prasad, Kotak Institutional Equities

Valuations in the largecap space look reasonable compared to midcaps, where in some cases over-valuation is in the range of 15-30%, said Sanjeev Prasad, co-head, Kotak Institutional Equities .

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via We expect 26% earnings growth for Nifty50 companies next fiscal: Sanjeev Prasad, Kotak Institutional Equities

need2know: 9 market-moving macro triggers to watch today

Here’s a lowdown on top macro triggers that may move market on Monday. This report was compiled from agency feeds.

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Tata Steel seeks UK government funds for Wales plant: Report

LONDON: Tata Steel is seeking UK government backing for a 60-million-pound project at its Port Talbot steelworks in Wales, according to a media report today.

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via Tata Steel seeks UK government funds for Wales plant: Report

JSW set to acquire Italian Aferpi for Rs 600 crore: Reports

NEW DELHI: Private steel maker JSW Steel is close to acquire Italy-based Aferpi steel firm, a for Rs 600 crore, a source in the know of the matter said. "The deal is almost finalised.

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via JSW set to acquire Italian Aferpi for Rs 600 crore: Reports

Bhushan Power bid: Liberty House plans to move NCLT this week

Hit by rejection of its bid to acquire Bhushan Power and Steel, UK-based Liberty House plans to move NCLT this week to direct creditors and resolution professional to consider its offer.

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via Bhushan Power bid: Liberty House plans to move NCLT this week

Govt may allow only commercial mining of coal in future: Secy

The government may in the near future scrap the present system of allocating coal mines for captive use and instead only auction mines for commercial use to private as well as foreign companies with a view to boosting domestic product and cutting imports, a top official said.

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via Govt may allow only commercial mining of coal in future: Secy

Two brothers look to harness AI to improve lives of poor farmers, rural health care workers

SAN FRANCISCO: As debate swirls on whether artificial intelligence will be a boon or a curse for humanity, two Indian-American entrepreneur brothers are out to ensure the emerging technologies don't just benefit the richest in society.

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via Two brothers look to harness AI to improve lives of poor farmers, rural health care workers

Is the ascent of deep-pocketed global cos Amazon, Alibaba hindering rather than helping India's startup ecosystem?

Early in February, WhatsApp, the messaging service with over 200 million users in India, unveiled an in-app payments service to select users.

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via Is the ascent of deep-pocketed global cos Amazon, Alibaba hindering rather than helping India's startup ecosystem?

Local knowledge is our competitive edge, say top startups at ET GBS

At The Economic Times, Global Business Summit 2018 startup stalwarts in a panel discussion debated sustainability challenge for Indian startups. The panelists included Flipkart’s Kalyan Krishnamurthy, Bhavish Aggarwal of Ola Cabs, Deep Kalra of MakeMyTrip, Sanjeev Bikhchandani of Naukri.com.

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via Local knowledge is our competitive edge, say top startups at ET GBS

Tech taking over our privacy, becoming a losing battle: Apple Co-founder Steve Wozniak

While the world is increasingly losing the battle between the increasing pervasiveness of technology and privacy, the Apple cofounder and the engineering legend Steve Wozniak believes that we should have as much privacy as we think we have.

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via Tech taking over our privacy, becoming a losing battle: Apple Co-founder Steve Wozniak

E-way bill for inter-state goods movement from April 1, recommends GoM

NEW DELHI: The GST provision requiring transporters to carry an electronic way bill or e-way bill when moving goods between states should be implemented from April 1, a group of state finance ministers recommended today.

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via E-way bill for inter-state goods movement from April 1, recommends GoM

ESAF Small Finance Bank plans to open 100 branches

CHENNAI: Kerala-based ESAF Small Finance Bank plans to open 100 branches by March as part of expanding presence across the country, a top official said. "With an aim to build a pan India presence, ESAF Small Finance Bank will have a total of 100 branches by March this year.

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via ESAF Small Finance Bank plans to open 100 branches

Despite failed promises, Elon Musk is my favourite entrepreneur: Apple co-founder Steve Wozniak

Silicon Valley legend and Apple Cofounder Steve Wozniak says Elon Musk almost always never delivers on what he promises and much of what he pledges to provide is hyped up, but the Tesla CEO is still his favourite entrepreneur. “I like Elon Musk very much.

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via Despite failed promises, Elon Musk is my favourite entrepreneur: Apple co-founder Steve Wozniak

Bank frauds killing entire ease of doing business efforts, says Arun Jaitley

In an exclusive interview with Bodhisatva Ganguli, Executive Editor, The Economic Times at the Economic Times Global Business Summit (ETGBS ), Finance Minister Arun Jaitley discusses lack of ethical practices of a section of the business community, the electoral bonds, simultaneous election and what

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via Bank frauds killing entire ease of doing business efforts, says Arun Jaitley

Is your brand ready for #DesiRevival?

As I travel the nooks and crannies of the great Indian market, looking at what makes brands tick, I run into this and that. Most of ‘this’ is anecdotal. And some of ‘that’ too niche and narrow to base a sustainable brand and business proposition on.

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via Is your brand ready for #DesiRevival?

VR, AI, will diminish the role of the actor in films: Shah Rukh Khan

Instead of films being based in physical geography, they will be based in social and psychological geography in the future, according to Shah Rukh Khan, often addressed as the king of the Hindi film industry. Khan attributed this anticipated revolution in cinema to digitisation.

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via VR, AI, will diminish the role of the actor in films: Shah Rukh Khan

Manas Jaiswal’s 2 top picks for Monday morning trade

Talking to ET Now, Manas Jaiswal, Manas Jaiswal Technical Research Group , says he is betting on Hindustan Zinc and Kaveri Seeds for trading next week. How are you reading the way markets moved in Friday’s session? We have started off the March series on a strong note.

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via Manas Jaiswal’s 2 top picks for Monday morning trade

Stay away from just cheap value plays: H Nemkumar, IIFL Institutional Equities

Mid-cap and small-cap indices, which have outperformed in recent years could underperform the large caps, or even yield a negative return this year, said H Nemkumar , head, IIFL Institutional Equities .

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via Stay away from just cheap value plays: H Nemkumar, IIFL Institutional Equities

India will remain important for Uber: Dara Khosrowshahi, CEO, UBER

Uber chief executive Dara Khosrowshahi called India an important market for the cab aggregator, not just because of the $1 billion it has so far invested here, but also because it acts as a lab to test products. “Indian customers are very different.

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via India will remain important for Uber: Dara Khosrowshahi, CEO, UBER

India can help us set the stage for next 6 billion consumers: Uber chief executive Dara Khosrowshahi

Uber chief executive Dara Khosrowshahi called India an important market for the cab aggregator, not just because of the $1 billion it so far invested here, but also as it acts as a laboratory to test its products. “Indian customers are very different.

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via India can help us set the stage for next 6 billion consumers: Uber chief executive Dara Khosrowshahi

IFU and DSG invest Rs 30 crore in Saraf Foods

AHMEDABAD: Vadodara-based Saraf Foods Ltd. has raised its second round of funding worth Rs. 30 crore from a consortium comprising of existing investors -Saraf family, PEDORIA and DSG Consumer Partners - and an additional stake has been picked up by Danish Investment Fund -- IFU.

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via IFU and DSG invest Rs 30 crore in Saraf Foods

CB&I's $5.8 Billion in 2017 Contract Awards Fuels Hope for Better 2018

SUGAR LAND--February 22, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) leader Chicago Bridge & Iron Company N.V.

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via CB&I's $5.8 Billion in 2017 Contract Awards Fuels Hope for Better 2018

Jindal plans Namibia's second iron ore mine: Documents

NAMIBIA: Plans to open Namibia's second iron ore mine are being pursued by an Indian-controlled company called Blake Trading, documents seen by Reuters on Friday show.

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via Jindal plans Namibia's second iron ore mine: Documents

The next 100 mn users of Netflix will come from India: Netflix CEO Reed Hastings

Buoyed by the adoption of Netflix in the country, the entertainment company’s co-founder, Chairman and CEO, Reed Hastings on Friday said that not he sees the next 100 million subscribers for the company coming from India.

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via The next 100 mn users of Netflix will come from India: Netflix CEO Reed Hastings

Narendra Modi is my favourite entrepreneur: Uber CEO Dara Khosrowshahi

NEW DELHI: Who does the global CEO of the world’s largest ride-hailing platform look towards for inspiration? Not another global CEO but the Prime Minister of India Narendra Modi, who he says is his "favourite entrepreneur”.

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via Narendra Modi is my favourite entrepreneur: Uber CEO Dara Khosrowshahi

Startup India poised to create global tech giant: KPMG’s William Thomas

NEW DELHI: India is very capable of developing a tech giant in the next few years, William B Thomas, chairman of KPMG International, said at the ET Global Business Summit on Friday, acknowledging the Startup India initiative as the most exciting aspect of the government’s current reform agenda.

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via Startup India poised to create global tech giant: KPMG’s William Thomas

TiE Coimbatore to conduct 'FundingCarnival' for startups

COIMBATORE: TiE Coimbatore is conducting a 'FundingCarnival " (Mudaleetu Thiruvizha) on March 31 here with an idea of bringing start-ups and young ventures, among others, on a common platform with investors.

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via TiE Coimbatore to conduct 'FundingCarnival' for startups

Doodhwala receives seed investment of $ 2.2 million by Omnivore

BENGALURU: Doodhwala, a micro delivery service for fresh groceries, said it has received a seed investment of $2.2 million by , a venture capitalist firm, for a minority stake in the company.

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via Doodhwala receives seed investment of $ 2.2 million by Omnivore

We are not overly bearish on markets: Vinit Bolinjkar, Ventura Securities

Talking to ET Now, Vinit Bolinjkar , Head Research, Ventura Securities , says that he does not expect the corrections in the markets to get steeper and that there will be a gradual grinding up soon.

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via We are not overly bearish on markets: Vinit Bolinjkar, Ventura Securities

Sadbhav Engineering wins Rs 981 crore Uttar Pradesh highway project

NEW DELHI: Sadbhav Engineering today said it has been selected as the lowest bidder by (NHAI) for a highway project in Uttar Pradesh for which it has quoted a price of Rs 981 crore.

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via Sadbhav Engineering wins Rs 981 crore Uttar Pradesh highway project

Betting on these 4 stocks in auto space: Nitasha Shankar, YES Securities

Talking to ET Now, Nitasha Shankar , Head – Research, YES Securities , says Bajaj Auto would be the top pick, followed closely by , Hero MotoCorp and finally TVS Motors.

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via Betting on these 4 stocks in auto space: Nitasha Shankar, YES Securities

For valuation to justify, Eicher volume has to grow 15% for next 15 years: Hitesh Goel, Kotak Securities

Talking to ET Now, Hitesh Goel , Senior Analyst, Kotak Securities , says while the Eicher stock is still holding on, next year, if this volume growth comes down to 8-10 per cent the valuations can correct further.

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via For valuation to justify, Eicher volume has to grow 15% for next 15 years: Hitesh Goel, Kotak Securities

India a bigger market for paid content than China: Netflix CEO Reed Hastings

In town for the ET GBS, Reed Hastings, the co-founder, Chairman and CEO of Netflix talks to EconomicTimes.com about business in India, his view on India’s content creators and the possibility of creating regional content. Edited excerpts:

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via India a bigger market for paid content than China: Netflix CEO Reed Hastings

Dewalt Pro Organizer Review

There are two kinds of people in this world, those who like to stay organized and those who don’t.  For the people of the earlier category, Dewalt has a pretty cool organizer for your small parts such as nuts, bolts, screws, nails and more.

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via Dewalt Pro Organizer Review

Restrictive H1-B visa norms to hurt US economy: R Chandrashekhar, Nasscom

Talking to ET Now, R Chandrashekhar , President, Nasscom , explained the impact of the new H1-B Visa norms on the Indian IT sector and the global markets India can look to tap into.

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via Restrictive H1-B visa norms to hurt US economy: R Chandrashekhar, Nasscom

Stay short, stay in corporate bonds: R Sivakumar, Axis Mutual Fund

Talking to ET Now, R Sivakumar, Axis Mutual Fund , says one lakh crores of market stabilisation bills are due for maturity in March. So, actually a surge of liquidity will be coming back into the system from here to end of March.

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via Stay short, stay in corporate bonds: R Sivakumar, Axis Mutual Fund

Flying cars or Hyperloop: Uber, Tesla fight it out on Twitter

NEW DELHI: In a tug of war over flying taxis versus Hyperloop transport system, Uber CEO Dara Khosrowshahi and Tesla CEO Elon Musk came out in the open on the micro-blogging site Twitter when the former took a swipe at Tesla over the need to dig tunnels for its Next-Gen mobility dream.

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via Flying cars or Hyperloop: Uber, Tesla fight it out on Twitter

Mahindra invests $10 mn in Porter, To merge it with SmartShift to create one entity

MUMBAI: On-demand logistics player Porter is all set to merge with Mahindra group incubated logistics aggregator platform SmartShift in a move that aims to create greater operational efficiency for the latter.

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via Mahindra invests $10 mn in Porter, To merge it with SmartShift to create one entity

CoLive raises Rs 12 crore in latest funding round

BENGALURU: CoLive, a technology-driven platform for rentable branded and serviced homes, has raised Rs 12 crore in its latest funding round.

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via CoLive raises Rs 12 crore in latest funding round

PNC Infra gets Rs 60 cr bonus for early completion of road project

Infrastructure firm PNC Infratech today said it has received an amount of about Rs 60 crore as bonus from the Uttar Pradesh government for early completion a section on Agra-Lucknow expressway.

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via PNC Infra gets Rs 60 cr bonus for early completion of road project

NCLT issues moratorium order against Orissa Minerals Development Co

Orissa Minerals Development Company is engaged in production and mining of iron ore, manganese ore and sponge iron.

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via NCLT issues moratorium order against Orissa Minerals Development Co

There is no exposure in PNB LOUs for gems and jewellery clients: PS Jayakumar, Bank of Baroda

Talking to ET Now, PS Jayakumar , MD & CEO, Bank of Baroda , says “maybe 18 months back, we concluded we really did not have too much of expertise and underwriting in gems and jewellery segment and so we took a decision to cap our lending there”.

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via There is no exposure in PNB LOUs for gems and jewellery clients: PS Jayakumar, Bank of Baroda

IT mid-caps to continue to outperform: R Sreesankar, Prabhudas Lilladher

Talking to ET Now, R Sreesankar , Head-Institutional Equities, Prabhudas Lilladher , says if the currency depreciates, that will be a tailwind for even IT and probably pharma. Edited excerpts: Analysing the outperformance in IT, we see a large part of the gains have already been made.

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via IT mid-caps to continue to outperform: R Sreesankar, Prabhudas Lilladher

Uday Kotak: Do we need so many PSU banks?

As Asia’s richest banker, Uday Kotak has an interesting job at a very interesting time in India’s financial history.

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via Uday Kotak: Do we need so many PSU banks?

Venture capital firms $2 billion fund hunt no walk in park

NEW DELHI: More than a half-dozen venture capital firms have hit the road to raise at least $2 billion for their new funds this year, but they may be in for a rough ride as the industry emerges from its lows.

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via Venture capital firms $2 billion fund hunt no walk in park

India key market, here for a long ride: Uber CEO Dara Khosrowshahi

NEW DELHI: Uber CEO Dara Khosrowshahi said India was a core market for the cab aggregator, accounting for 10% of its trips globally and added that it could be a laboratory for new business streams, seeking to squelch speculation about the company exiting the country.

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via India key market, here for a long ride: Uber CEO Dara Khosrowshahi

JSW Group offers highest bid for Jaypee Infratech

MUMBAI: The JSW Group has emerged as the highest bidder for Jaypee Infratech, offering little over Rs 9,900 crore to banks amid claims from home buyers that they should be considered on a par with financial lenders in the resolution plan for the debt-laden company.

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via JSW Group offers highest bid for Jaypee Infratech

Popular Woodworking Magazine

Recently I needed to install two thumb screws into a makeshift fence that was intended for my petite table saw. By threading a hole in the wooden fence I was able to provide my hardware of choice (thumb screws) sufficient purchase to attach the new fence to the one supplied by the manufacturer.

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via Popular Woodworking Magazine

Airbnb eyes to host 1 bn annual guests by 2028

SAN FRANCISCO: Airbnb, the company best known for cheaper accommodation options and home stays, is eyeing to make the service more mainstream by adding new property types, including hotels, as well as new tiers and collections in order to catapult the company to the largest accommodation platform wi

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via Airbnb eyes to host 1 bn annual guests by 2028

FULL Plan Download: Tall Outdoor Chair

This version of Chris Marshall’s complete Tall Outdoor Chair plan includes more construction drawings and complete building instructions.

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via FULL Plan Download: Tall Outdoor Chair

March/April 2018 What’s in Store Round-up

UFP-Edge™ Charred Wood from Universal Forest Products, Inc. See the link above for a closer look at the Rockler Mini Sure Foot Converstion Kits.

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via March/April 2018 What’s in Store Round-up

VIDEO: How to Cut Glass or Mirror

Many woodworking projects, such as a picture frame or cabinet door, require a piece of glass. Learn how to cut glass yourself using a simple glass cutting tool. We show you several tips that will help you make clean cuts in glass.

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via VIDEO: How to Cut Glass or Mirror

Video: Overview of the Gyro G700 Dust Processor

Take a closer look at the Harvey Industries G700 Gyro Air Dust Processor. This is a new dust collection solution that’s unlike any we’ve ever seen.

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via Video: Overview of the Gyro G700 Dust Processor

Uber sees driverless cars hitting Indian roads within a year

World's largest ride hailing company Uber today said its driverless car may be on roads in less than a year as it works with leading automobile manufacturers on technology for self-driving vehicles. Uber is also betting big on India, which it says could be its leading tech centre in 10 years.

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via Uber sees driverless cars hitting Indian roads within a year

VIDEO: Turning a Bird’s Mouth Bowl

Woodturning expert Ernie Conover explains how to turn a fresh tree limb into a bird’s mouth bowl, the perfect way to get rid of some of the low hanging branches in your yard.

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via VIDEO: Turning a Bird’s Mouth Bowl

VIDEO: What Size Lathe Should You Buy?

What is the best lathe for your workshop? Choosing the best lathe depends on what types of woodturning projects you like to make. If you only turn pens, then a mini lathe is the perfect choice. But, if you want to turn large bowls, then you’ll need a full-size lathe.

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via VIDEO: What Size Lathe Should You Buy?

VIDEO: Tall Outdoor Chair Build

Chris Marshall takes you through his alternate take on the classic adirondack chair and shows you the step-by-step process he used to build these attractive tall chairs.

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via VIDEO: Tall Outdoor Chair Build

March/April 2018 Issue Preview

In the March/April issue of Woodworker’s Journal, you’ll find projects like a Track Saw Jig to optimize your shop and a new take on the Adirondack chair for spring, with two of them built at barstool height.

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via March/April 2018 Issue Preview

Uber to stay invested in India; looks to grow 10x: CEO

Ride hailing firm Uber today said it will continue to invest in India as it looks to grow business in the "incredibly important and core market" by up to 10 times in a decade.

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via Uber to stay invested in India; looks to grow 10x: CEO

India Ratings and Research revises outlook on steel sector

KOLKATA: India Ratings and Research (Ind-Ra) has revised the outlook on the steel sector to stable for FY19 from negative in FY18, led by demand growth in domestic and global markets.

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via India Ratings and Research revises outlook on steel sector

Now, pre-order your meals with Swiggy Scheduled

This convenience does not come at an additional cost as there will be no delivery charges on the service. NEW DELHI: Food ordering and delivery platform Swiggy on Thursday announced the launch of its brand-new offering, 'Swiggy Scheduled', allowing users to plan and order their meals in advance.

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via Now, pre-order your meals with Swiggy Scheduled

Bullish on these 4 sectors in next 12-14 months: Pankaj Murarka

Talking to ET Now, Pankaj Murarka , Founder, Renaissance Investment Managers , says we are at present in a two-speed bull market and he is excites about capital goods, corporate banks, consumer durables and select pockets of healthcare especially pharma CRAM space.

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via Bullish on these 4 sectors in next 12-14 months: Pankaj Murarka

Retail getting stronger as most retailers are investing in digital space: S Subramaniam, Titan

Talking to ET Now, S Subramaniam , CFO, Titan , says GST and the move towards a formalised economy is going to help companies like theirs. Edited excerpts: It must be a great feeling to be a part of the Nifty-50 elite! Well, it is.

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via Retail getting stronger as most retailers are investing in digital space: S Subramaniam, Titan

We are selling ULIPs mostly to financially literate HNIs: Arijit Basu, SBI Life

Talking to ET Now, Arijit Basu , MD & CEO, SBI Life , explains how the company aims is to focus on quality with high profitability and how their agency channel is their core strength. You have the highest private market share in the entire new business premium segment.

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via We are selling ULIPs mostly to financially literate HNIs: Arijit Basu, SBI Life

Demand in cement sector will go up by 10% YoY: HM Bangur, Shree Cement

Talking to ET Now, HM Bangur , MD, Shree Cement , highlights the demand trends for the cement sector in the coming year.

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via Demand in cement sector will go up by 10% YoY: HM Bangur, Shree Cement

Sumitomo announces $2 billion real estate project with Krishna Group

Japanese conglomerate Sumitomo Corp today announced USD 2 billion township project in Gurgaon as it forayed into Indian real estate sector in collaboration with local partner Krishna Group.

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via Sumitomo announces $2 billion real estate project with Krishna Group

Long-term buy and hold policy must for investing in mid and small-cap stocks: Sunil Subramaniam, Sundaram MF

In a chat with ET Now, Sunil Subramaniam , CEO, Sundaram MF , explains why he is bullish on midcap and smallcap stocks. Edited excerpts: There is a big question mark on where the midcap and smallcap stocks are headed.

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via Long-term buy and hold policy must for investing in mid and small-cap stocks: Sunil Subramaniam, Sundaram MF

Reliance Infrastructure bags Rs 3,647 crore contract for thermal power project in Tamil Nadu

NEW DELHI: Reliance Infrastructure (RInfra) today said it has won a Rs 3,647 crore contract from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for work related to Uppur Thermal power project.

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via Reliance Infrastructure bags Rs 3,647 crore contract for thermal power project in Tamil Nadu

FourKites raises $35 million for geographic, product expansion

NEW DELHI: Predictive supply chain platform, FourKites on Thursday said it has raised $35 million (about Rs 227.80 crore) in Series B funding to further its geographic and product expansion.

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via FourKites raises $35 million for geographic, product expansion

Rupee may depreciate, bond yields unlikely to correct: Upasna Bhardwaj, Kotak Mahindra Bank

Talking to ET Now, Upasna Bhardwaj, Kotak Mahindra Bank , says with global conditions being adverse and our own balance of payment gradually turning to the negative side, we are expecting a depreciation in the rupee.

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via Rupee may depreciate, bond yields unlikely to correct: Upasna Bhardwaj, Kotak Mahindra Bank

I would sell now as we are unlikely to go up as fast as before: Mark Matthews, Julius Baer

Talking to ET Now, Mark Matthews, Julius Baer , says the game of passing the hot potato is over in the sense that we are unlikely to have a repeat of last year where every consecutive month saw a positive return for the S&P.

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via I would sell now as we are unlikely to go up as fast as before: Mark Matthews, Julius Baer

Project: Decorative Wedged Tenon Bench

A shop-made jig gives the decorative loose tenons in this bench the appearance of classic wedged mortise-and-tenon joinery.

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via Project: Decorative Wedged Tenon Bench

Liberty House says it is the highest bidder for Bhushan Power & Steel, will go to court for it

The gloves are off. UK’s Liberty House is all set to fight “the system” to buy out bankrupt Bhushan Power & Steel. Liberty House told ET Now that it will move the NCLT to direct the Committee of Creditors to open its bid, which it said was “superior in every way” and a “higher offer”.

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via Liberty House says it is the highest bidder for Bhushan Power & Steel, will go to court for it

Is Coal India's monopoly really going to end?

Recently in Davos, an exasperated GM Rao, chairman of the eponymous infrastructure conglomerate, was seen telling his old friend, Anil Agarwal of Vedanta, that after putting in $7 billion to build a sizeable power portfolio, he has learnt life’s lesson the hard way.

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via Is Coal India's monopoly really going to end?

Bhushan Power lenders ask Tatas to revisit conditions

New Delhi: The consortium of lenders to Bhushan Power & Steel has asked Tata Steel to waive certain conditions in its offer for the company and rejected a late bid by the UK’s Liberty House, people briefed on the matter said.

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via Bhushan Power lenders ask Tatas to revisit conditions

Odisha new Bauxite linkage policy to benefit Vedanta

BHUBANESHWAR: In a move that will benefit aluminium maker Vedanta, the Odisha cabinet on Wednesday approved a long-term linkage policy for bauxite. Anil Agarwal’s Vedanta has had a long and difficult wait for the key raw material used to make aluminium.

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via Odisha new Bauxite linkage policy to benefit Vedanta

Furnish details of funds invested in projects: SC to Amrapali

NEW DELHI: The Supreme Court today asked the embattled real estate firm Amrapali Group to furnish by tomorrow details of 47 residential towers, which are nearing completion, and how much money it had taken from flat buyers as well the amount invested.

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via Furnish details of funds invested in projects: SC to Amrapali

Inside family offices: Of families, funds & their future

Almost a decade after he sowed the seeds of a VC fund, Ranjan Pai has a happy problem. The $100 million Aarin Capital, which he co-runs with former Infosys CFO Mohandas Pai, has backed around 40 tech-intensive ventures. But it is eating into his already busy schedule.

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via Inside family offices: Of families, funds & their future

Creditors reject Liberty House bid for Bhushan Power and Steel

The has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a source said. Liberty House had submitted the bid yesterday, he said.

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via Creditors reject Liberty House bid for Bhushan Power and Steel

DBT to impact fertiliser industry's working capital: Report

Bringing the fertilizer subsidy payout under the direct benefit transfer (DBT) scheme is likely to have a negative impact on the working capital cycle of the industry in the near term, says a report.

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via DBT to impact fertiliser industry's working capital: Report

Indian Industry should mimic US recommendation of imposing duty on imports of steel and aluminium: Sajjan Jindal

MUMBAI: Chairman of India's largest steel producer, JSW Steel has pleaded for India to follow the recent recommendation of duty on steel imports in the US citing that protection from unfair imports will add a fillip to the growth of Indian industry.

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via Indian Industry should mimic US recommendation of imposing duty on imports of steel and aluminium: Sajjan Jindal

New iron ore mining policy to be formulated soon: Goa minister

PANAJI: The Goa Legislative Assembly today discussed the crisis in the state's iron ore mining sector with the government assuring legislators of a new mining policy to address it.

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via New iron ore mining policy to be formulated soon: Goa minister

Debjani Ghosh to take charge at Nasscom, will be the first woman to head tech body in 30 yrs

In a sign of the times, the organization that speaks for and champions India’s $167 billion IT services industry will soon get its first female head. Intel Corp.

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via Debjani Ghosh to take charge at Nasscom, will be the first woman to head tech body in 30 yrs

Equity still the place to be if you want to invest for 3-5 years: Rajat Jain, PNB AMC

Talking to ET Now, Rajat Jain , CIO, Principal, PNB AMC , says India is at 18 times in terms of PE multiples in FY19, India is neither in a bubble territory, nor is it cheap and market will have more of sideways movement and not a great fall.

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via Equity still the place to be if you want to invest for 3-5 years: Rajat Jain, PNB AMC

Milwaukee Tape Measure Review

In this Milwaukee Tape Measure Review we see how their 16’ tape (Model: 48-22-6616) performs and whether it will be a good addition to your tool box, belt, bag, apron, glove box, or even desk drawer. Traditionally, for me anyway, I normally think of Stanley when you mention tape measures.

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via Milwaukee Tape Measure Review

Milwaukee Tape Measure Review

In this Milwaukee Tape Measure Review we see how their 16’ tape (Model: 48-22-6616) performs and whether it will be a good addition to your tool box, belt, bag, apron, glove box, or even desk drawer. Traditionally, for me anyway, I normally think of Stanley when you mention tape measures.

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via Milwaukee Tape Measure Review

DBT to negatively impact fertiliser industry’s working capital cycle in the near term: ICRA

PUNE: The Direct Benefit Transfer (DBT) was recently rolled out on a pan India basis from February 1, 2018 after completion of the pilot stage that was implemented across 19 districts.

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via DBT to negatively impact fertiliser industry’s working capital cycle in the near term: ICRA

Amrita TBI intends to invest in three startups

CHENNAI: Three startups have emerged winners in the recently concluded PitchFest 2018 organised at Amrita Vishwa Vidyapeetham Technology Business Incubator. The startups selected were Yellow Messenger, Linksmart DNA, Bookmydiamond.com.

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via Amrita TBI intends to invest in three startups

Milkbasket to hire 2,000 employees

NEW DELHI: Micro delivery platform Milkbasket today said the company plans to hire at least 2,000 employees within the next 12-18 months. Milkbasket was launched in early 2015. It has a daily reach to over 35,000 households in Gurgaon.

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via Milkbasket to hire 2,000 employees

It is the time to wait and watch, forget bottom fishing: Jimeet Modi, Samco Securities

In an interview with ET Now, Jimeet Modi, Samco Securities, says only time will tell whether the current correction is a part of a larger bull market rally or whether it marks a trend reversal.

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via It is the time to wait and watch, forget bottom fishing: Jimeet Modi, Samco Securities

Next four-five years should be a golden period for Escorts: Bharat Madan

Talking to ET Now, Bharat Madan of Escorts , talks about his Vision for 2022 and how the coming years will be golden period for the company. Vision 2022 by Escorts does not sound impossible but is very ambitious.

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via Next four-five years should be a golden period for Escorts: Bharat Madan

In ARCs, the sweet spot is in the medium and medium large cases: Siby Antony, Edelweiss ARC

Talking to ET Now, Siby Antony , MD, Edelweiss ARC , says asset reconstruction companies (ARCs) are a great platform for resolution of assets.

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via In ARCs, the sweet spot is in the medium and medium large cases: Siby Antony, Edelweiss ARC

Rupee to be volatile, current account deficit to be above 2% in FY18: Teresa John, Nirmal Bang

Talking to ET Now, Teresa John , Economist, Nirmal Bang , says the rally in the rupee in the first half of FY18 was largely on the back of foreign portfolio flows into the debt market and now we are seeing that taper off as well. Edited excerpts: The rupee has weakened yet again.

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via Rupee to be volatile, current account deficit to be above 2% in FY18: Teresa John, Nirmal Bang

Flick2know Technologies gives exit to IIM Ahmedabad incubator CIIE initiatives

Ahmedabad: Flick2Know Technologies, a tech startup developing SaaS-based mobility solutions for businesses, has given full-exit to Centre for Innovation, Incubation and Entrepreneurship (CIIE) - the technology business incubator of IIM Ahmedabad and a seed investor in the startup.

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via Flick2know Technologies gives exit to IIM Ahmedabad incubator CIIE initiatives

Capillary Tech raises $20 million from Warburg, Sequoia

BENGALURU: Capillary Technologies, a cloud-based software solutions company, has raised around $20 million, over the past year, from existing investors Warburg Pincus and Sequoia Capital and others.

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via Capillary Tech raises $20 million from Warburg, Sequoia

Now, Adi Godrej says it is time govt privatised PSU banks

In an interview with ET Now, Adi Godrej, Chairman, Godrej Industries, says while it is true that things often go wrong for private companies also, but it is always more controlled in the private sector and it is better managed.

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via Now, Adi Godrej says it is time govt privatised PSU banks

Prataap Snacks to invest Rs 150-200 crore in next 2-3 years: Amit Kumat

Talking to ET Now, Amit Kumat , MD & CEO, Prataap Snacks , chalks out his plans of launching new products and capital investment in near future.

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via Prataap Snacks to invest Rs 150-200 crore in next 2-3 years: Amit Kumat

Gautam Duggad of MOSL on why it may be time to exit metal pack now

Talking to ET Now, Gautam Duggad, MOSL , says if you exit metals early, maybe 10-15-20% you will miss but it is better to do that in stocks or sectors which have had a very strong rally and where incrementally you are hitting the peak range or the long-period average valuations.

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via Gautam Duggad of MOSL on why it may be time to exit metal pack now

Telcos with payments bank licences like Jio, Airtel need to do fresh KYC

BENGALURU: Telecom companies, who have a payments bank licence, would need to do the KYC formalities of its customer base independently since KYC done by them for their telecom user base will not be valid under RBI guidelines.

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via Telcos with payments bank licences like Jio, Airtel need to do fresh KYC

RBI’s strict KYC rules may empty digital wallets

BENGALURU: Digital wallet companies may be staring at the end of the road as the Reserve Bank of India’s February-end deadline approaches for them to meet full know-your-customer norms for all their users.

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via RBI’s strict KYC rules may empty digital wallets

Nasscom sees single-digit growth for India’s IT sector

HYDERABAD: India’s IT sector will see single digit growth for the third-consecutive year and jobless growth for the second year as software exporters continue to struggle with declining business from traditional services.

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via Nasscom sees single-digit growth for India’s IT sector

Government wants an AI class from Coursera founder Andrew Ng

HYDERABAD: As the government goes about drawing a blueprint for artificial intelligence (AI) in the country, Niti Aayog — which has been tasked with the job — has invited the cofounder of Google Brain and former chief scientist at Baidu to lend his expertise for India.

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via Government wants an AI class from Coursera founder Andrew Ng

Udaan gets $50 million in Series-B round to take off

BENGALURU: Business-to-business (B2B) ecommerce-platform Udaan has raised $50 million in Series-B financing led by Lightspeed Venture Partners, Lightspeed India and DST Global founder Yuri Milner’s personal investment vehicle Apoletto, making it one of the biggest funding rounds at an early stage

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via Udaan gets $50 million in Series-B round to take off

Next-gen tech giants from China gear up to invade India

MUMBAI: A young trio of Chinese internet companies that is challenging the order of Baidu, Alibaba and Tencent in its home country is spreading wings in India as well, promising to bring advanced technology chops to domestic startups.

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via Next-gen tech giants from China gear up to invade India

Time for aggressive privatisation of PSU banks: Nirmal Jain, IIFL

The best way to solve the problems of public sector banks is to privatise them aggressively, said Nirmal Jain , chairman of IIFL Group .

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via Time for aggressive privatisation of PSU banks: Nirmal Jain, IIFL

Coal India monopoly to end as decks cleared for mining by private players

NEW DELHI: The private sector will soon be able to mine coal and sell it to power plants, steel mills and other users, ending the decades-old monopoly of state-run Coal India Ltd (CIL) and its affiliates, marking a long-expected reform aimed at boosting investment and output.

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via Coal India monopoly to end as decks cleared for mining by private players

10 Maintenance Must-do’s To Make Garage Doors Last Longer

Garage doors are opened and closed multiple times a day, yet few homeowners conduct regular checks and inspections on it. In fact, they are often the most neglected part of a house, even though they are frequently used and make up a large portion of a home’s outward appearance.

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via 10 Maintenance Must-do’s To Make Garage Doors Last Longer

Get Free Lumber For Your Woodworking Project

You may be struggling to find affordable wood to use for your projects. With deforestation being one of the biggest global environmental problems, new policies have set an all-time high for retail lumber prices, which have increased by up to 30-percent since fall in 2017. 

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via Get Free Lumber For Your Woodworking Project

VR player Digital Domain to host VR Hackathon on March 10-11 in Hyderabad

HYDERABAD: Digital Domain India on Tuesday announced a Virtual Reality Hackathon on March 10-11 to spread awareness about the career opportunities and to attract talent from other industries mainly the developer community. Candidates can apply through https://goo.

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via VR player Digital Domain to host VR Hackathon on March 10-11 in Hyderabad

Gun concealment furniture maker tries to keep up with orders

NORWOOD, Mo. – A Missouri maker of gun concealment furniture is struggling to keep up with orders for its solid wood products, according to media reports. Rough Country Rustic Furniture makes concealment tables, lamps, wall inserts and bedroom sets to hide firearms.

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via Gun concealment furniture maker tries to keep up with orders

How to Perform Yearly Maintenance on Your House

Home maintenance is an ongoing process. Things inevitably break down and need to be repaired or replaced — but there are more than a few things that we often overlook. Giving your house a yearly inspection is a great way to get ahead of little problems before they become big ones.

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via How to Perform Yearly Maintenance on Your House

PROJECT VIDEO: Building a Classic Bookcase

This step-by-step project video shows you how to build a classic oak bookcase. This bookcase can be built using dimension lumber that can be purchased at any home center. You only need a circular saw and router to build it, plus a way to make dowel joints.

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via PROJECT VIDEO: Building a Classic Bookcase

Taping Before Scraping Prevents Damage

After applying some hardwood edge banding to a worktop covered with plastic laminate, I needed a way to shave the edging flush with the laminate. I worried that using a hand plane or a router and flush-trim bit would be too aggressive and might damage the laminate surface.

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via Taping Before Scraping Prevents Damage

Smoking-hot Glue Holder

I’m always looking for a good reusable container to hold a small amount of glue when I need to brush it onto joint parts, dowels and so forth. Here’s the best solution I’ve found so far: old ashtrays.

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via Smoking-hot Glue Holder

Knock on Wood

Have you ever heard the saying, “If the only tool you own is a hammer, all your problems begin to look like nails”? First, let me confess that I not only own several hammers, but a wealth of other tools.

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via Knock on Wood