Vedanta wins bid to acquire Electrosteel Steels

NEW DELHI: Anil Agarwal group-owned Vedanta today said it has won the bid to acquire bankrupt Electrosteel Steels Ltd in an insolvency auction. Vedanta said it has accepted the terms of the LoI.

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via Vedanta wins bid to acquire Electrosteel Steels

Indian-owned Swami fills Accra's accommodation gap with $12 million estate

ACCRA: As the Ghanaian government struggles to find a solution to the country's accommodation problem, Indian-owned Swami International has stepped in with a $12 million, 12.4 acre Paradise Estates township made up of 102 houses in the capital Accra.

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via Indian-owned Swami fills Accra's accommodation gap with $12 million estate

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HNIs investing globally is an upcoming trend to track: Vidhu Shekhar

Vidhu Shekhar, CFA, Country Head, India CFA Institute, spoke to ETMarkets.com, trying to break down the mental barrier to becoming an investment professional. Our viewers would like to know more about CFA (Chartered Financial Analyst). So, what does the CFA institute do?

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via HNIs investing globally is an upcoming trend to track: Vidhu Shekhar

Don’t fear this volatility; use it as an opportunity to invest: Vijay Kedia

ETMarkets.com: Can you throw some light on your investment philosophy? Vijay Kedia: My investment philosophy is very simple. You find a good, honest management and see the product in which the management is going to grow and outperform its peers and economy.

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via Don’t fear this volatility; use it as an opportunity to invest: Vijay Kedia

Proposition viable for NSE to move beyond Indian shores too: Ashok Chawla

The NSE is optimistic of its much-awaited IPO at the earliest. Chairman Ashok Chawla, in an interview with ETMarkets.com, revealed as much. For investors, he has a simple piece of advice -- rush in only with real understanding. He spoke at the recent ETMarkets Global Summit 2018.

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via Proposition viable for NSE to move beyond Indian shores too: Ashok Chawla

Gujarat firm GSFC to install fertilisers vending machines

VADODARA: Gujarat State Fertilizers Company (GSFC) today said it has got permission from the Centre to install fertilisers vending machines (FVMs) in three states.

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via Gujarat firm GSFC to install fertilisers vending machines

The pariah: Uber isolated by partners and competitors in aftermath of crash

Uber Technologies Inc. has found itself isolated a little more than a week after one of its self-driving SUVs hit and killed a pedestrian in Arizona.

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via The pariah: Uber isolated by partners and competitors in aftermath of crash

Credit due diligence a must as those who commit fraud leave a track behind: Ashok Wadhwa

A robust line of credit appraisal goes a long way in keeping fraudsters at bay. At the same time, financial intermediaries have a big role to play in making sure capital is appropriately allocated.

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via Credit due diligence a must as those who commit fraud leave a track behind: Ashok Wadhwa

CIL looks to offer coal at prices lower than private operators

KOLKATA: State-run miner Coal India will reduce manpower and leverage technology to increase productivity, as part of a roadmap outlined to keep prices low and compete better with private players.

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via CIL looks to offer coal at prices lower than private operators

Questions over lease extension to iron ore miner in Odisha

BHUBANESHWAR: Hrithik Roshan dances at an infant’s birthday bash and Priyanka Chopra drops in at a wedding for this family which has made big money from iron ore but has also been dogged by controversies — latest being the state’s opposition questioning how Serajuddin and Co’s lease for a gi

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via Questions over lease extension to iron ore miner in Odisha

Work Up a Sweat and Some Sawdust with Our New DVD

It’s time for the latest compilation offer from Woodworker’s Journal – our woodworking workout DVD! Officially titled The Way to Woodwork AND Work Out Woodworker’s Journal Woodworking Workout, our woodshop workout masters will have you sweating to the oldies in no time.

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via Work Up a Sweat and Some Sawdust with Our New DVD

Restoring Furniture Back to Its Original Form?

People often want to restore old pieces of furniture back to their showroom glory, but how would I go about restoring a table, chair or dresser all the way back to the original tree again? I’d just love to see where my furniture really, truly came from when Mother Nature was still calling the

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via Restoring Furniture Back to Its Original Form?

Roggler Table Saw Picket Fence

Are you tired of critters getting into your shop and messing up your cuts? Are your neighbors peeking in and offering unwanted suggestions? Keep those and other unwanted visitors out of your shop and away from your products and keep your saw cuts true.

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via Roggler Table Saw Picket Fence

Forsooth, Thy Bench Awaiteth

Lo, why sit thee hence with countenance fallen? Get thee to thy workbench and get thee busy. Neither shalt thou looketh afar for worthy endeavor — but with vigor, of youth or age it matters little, sawdust and joinery will be your meat.

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via Forsooth, Thy Bench Awaiteth

Kerala to host Asia's largest startup conclave on April 6, 7

Thiruvananthapuram: Asia s largest startup ecosystem congregation, Huddle Kerala, will be held at Kovalam near here on April 6 and 7.

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via Kerala to host Asia's largest startup conclave on April 6, 7

NBCC eyes 35% revenue growth from next fiscal: CMD A K Mittal

New Delhi: State-owned construction firm NBCC Ltd is targeting to achieve a higher growth of 30-35 per cent from next fiscal onwards on the back of a strong Rs 1 lakh crore order book, its CMD Anoop Kumar Mittal said today.

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via NBCC eyes 35% revenue growth from next fiscal: CMD A K Mittal

NuMetal to take control of strategic pipeline of Odisha

OSPIL is the largest slurry pipeline in India and transports iron ore from mines in Odisha for producing steel at the steel factory.

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via NuMetal to take control of strategic pipeline of Odisha

Adani Enterprises sells entire stake in subsidiary firm

The Adani Group, whose chairman Gautam Adani is pictured, received Rs 13.61 lakh from the sale of Adani Enterprises. Adani Enterprises today said it has sold 100 per cent stake in its wholly-owned subsidiary Adani Energy Ltd (AEnL) for Rs 13.61 lakh. "...

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via Adani Enterprises sells entire stake in subsidiary firm

Vedanta may see Rs 1,800 cr impairment due to mining halt

KOLKATA: Vedanta has said it is likely to face an impairment of Rs 1,500 crore to Rs 1,800 crore net of taxes due to a halt in mining activity in Goa following a February 7 directive of the Supreme Court.

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via Vedanta may see Rs 1,800 cr impairment due to mining halt

Milwaukee M12 Drill and Impact Review

As a professional your day to day tasks can change.  One day you might be drilling concrete and then next you might be hanging cabinets.  Just how there are different jobs, there are also different tools for these jobs.

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via Milwaukee M12 Drill and Impact Review

E-way bill mandatory for inter-state movement of goods from Sunday

NEW DELHI: Businesses and transporters moving goods worth over Rs 50,000 from one state to another will have to carry an electronic or e-way bill from April 1.

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via E-way bill mandatory for inter-state movement of goods from Sunday

IFC to back Nandan Nilekani's Fundamentum

BENGALURU: The International Finance Corporation, the investment arm of the World Bank, is set to back Nandan Nilekani’s Fundamentum, which he started with Helion’s Sanjeev Aggarwal.

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via IFC to back Nandan Nilekani's Fundamentum

ArcelorMittal says it sold stake in Uttam Galva before Essar Steel bid

KOLKATA: ArcelorMittal has said that its association with Uttam Galva has no relevance in its bid for Essar Steel since it had sold its stake in the former before putting in an offer for the latter.

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via ArcelorMittal says it sold stake in Uttam Galva before Essar Steel bid

Burns & McDonnell Adds Entergy Project to $3.8 Billion Slate in Texas, Louisiana

SUGAR LAND--March 28, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Burns & McDonnell Incorporated (Kansas City, Missouri) is adding to an already-impressive slate of projects in Texas and Louisiana.

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via Burns & McDonnell Adds Entergy Project to $3.8 Billion Slate in Texas, Louisiana

Imported business models break down beyond first 20m people

Canada’s second-largest pension fund and institutional investor, La Caisse de dépôt et placement du Québec (CDPQ), has made an initial investment of $20 million in the first growth fund of Nandan Nilekani’s Fundamentum, its first in a venture capital fund in India.

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via Imported business models break down beyond first 20m people

Hidaa Lifesciences: Fortifying roti and curry with Vitamin D extract from mushrooms

AHMEDABAD: What India’s scorching summers haven’t been able to do, maybe mushrooms can—help rid the country of its vitamin D deficiency problem.

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via Hidaa Lifesciences: Fortifying roti and curry with Vitamin D extract from mushrooms

We'll remain market leader in coal mining, says CIL

State-owned Coal India Ltd (CIL) today exuded confidence that it will remain the market leader even after the entry of private players into commercial mining of the dry fuel.

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via We'll remain market leader in coal mining, says CIL

Tata Steel labour deal would threaten Thyssenkrupp JV: Union

Thyssenkrupp and Tata Steel last year announced plans to combine their European steel operations to create the continent's second-largest player after ArcelorMittal, including up to 4,000 job cuts.

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via Tata Steel labour deal would threaten Thyssenkrupp JV: Union

Jaypore sets aside Rs 10 crore for offline expansion

Online artisanal e-commerce platform Jaypore has joined the omni-channel wave in the country’s retail landscape setting aside Rs 10 crore for the first phase of its offline expansion.

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via Jaypore sets aside Rs 10 crore for offline expansion

Dilip Buildcon wins Rs 1,004 crore highway project in Madhya Pradesh from NHAI

NEW DELHI: Highways builder Dilip Buildcon (DBL) today said it has won a Rs 1,004 crore road contract from the National Highways Authority of India (NHAI) in Madhya Pradesh.

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via Dilip Buildcon wins Rs 1,004 crore highway project in Madhya Pradesh from NHAI

Investors, beware of greed, it has bad consequences, say market mavens

At the ET Markets Global Summit 2018, Mythili Bhusnurmath, Consulting Editor, The Economic Times & ET Now, in discussion with Ashok Wadhwa, Founder & Group CEO, Ambit Pvt.

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via Investors, beware of greed, it has bad consequences, say market mavens

German brand Lamy partners with former cricketer Dilip Doshi

German pen brand Lamy has appointed former cricketer-turned-entrepreneur Dilip Doshi as its exclusive retail partner for India which will open nearly 15-20 concept stores in the next three years. The producer of popular writing instruments said it also plans to open online store in next few weeks.

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via German brand Lamy partners with former cricketer Dilip Doshi

Interest rates set to harden from here on, says Dhiraj Relli

Indian markets of late have been on a see-saw, reflecting the global trend. Many issues are at play, including the threat of an all-out trade war, the prospect of central banks tightening policies, the oil trajectory, long term capital gains tax back home and frauds at state-owned banks.

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via Interest rates set to harden from here on, says Dhiraj Relli

Nandan Nilekani's Fundamentum gets $20 million from Canadian pension fund CDPQ

BENGALURU: Canadian pension fund and institutional investor La Caisse de dépôt et placement du Québec (CDPQ), has made an initial investment of $20 million in the first growth fund of Nandan Nilekani's Fundamentum, a $100 million fund that he had set up last year with Helion's Sanjeev Aggarwal.

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via Nandan Nilekani's Fundamentum gets $20 million from Canadian pension fund CDPQ

Commonfloor cofounder Sumit Jain launches voice-based social app

Commonfloor cofounder Sumit Jain is back with his new startup Opentalk, a voice-based social platform that connects people over their topics of interest.

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via Commonfloor cofounder Sumit Jain launches voice-based social app

GoDaddy to migrate its workload on AWS Cloud platform

SAN FRANCISCO: Global web-hosting and Cloud company GoDaddy is migrating almost all of its workload to Amazon Web Services (AWS) as part of a multi-year transition, AWS announced on Thursday.

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via GoDaddy to migrate its workload on AWS Cloud platform

O2O-focused fashion marketplace Fynd raises fresh capital in round led by Google

NEW DELHI: Shopsense Retail Technologies, which owns and operates online-to-offline fashion portal Fynd, has closed its Series C round of funding, which has been led by search giant Google, the Mumbi-based company announced on Thursday.

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via O2O-focused fashion marketplace Fynd raises fresh capital in round led by Google

How brick-and-mortar stores are joining hands with ecommerce biggies to target India’s 1.3-billion customers

One rainy day in January, Future Group’s Kishore Biyani spent nearly an hour with Amazon chief Jeff Bezos at his Seattle headquarters, surprisingly, not discussing retail.

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via How brick-and-mortar stores are joining hands with ecommerce biggies to target India’s 1.3-billion customers

SoftBank eyes 25 percent stake in Swiss Re worth $9.billion: Bloomberg

TOKYO/ZURICH: Japan's SoftBank Group Corp is looking to buy a 25 percent stake in Swiss Re AG worth about $9.6 billion as the firms' talks over a potential deal advance, Bloomberg reported.

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via SoftBank eyes 25 percent stake in Swiss Re worth $9.billion: Bloomberg

Udacity to build KUKA Robot Learning Lab and Udacity Universe to provide real-time experience to students

Udacity, the life-long learning platform will build KUKA Robot Learning Lab and Udacity Universe to provide students a unique opportunity to learn in real-time.

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via Udacity to build KUKA Robot Learning Lab and Udacity Universe to provide real-time experience to students

Softbank reviving Ola-Uber India merger talks?

MUMBAI: Taxi-hailing services Ola and Uber have once again revived talks to merge their businesses here, in a deal being brokered by Japanese investment firm Softbank that is an investor in both the companies.

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via Softbank reviving Ola-Uber India merger talks?

Uber seen girding for battle with Ola in India ahead of IPO

NEW DELHI: Uber's decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it's locked in a fierce battle with local rival, Ola, industry analysts say.

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via Uber seen girding for battle with Ola in India ahead of IPO

Uttam Galva's minority shareholders file petition against ArcelorMittal's declassification bid

KOLKATA: ArcelorMittal's move to sell off its stake in Uttam Galva before bidding for Essar Steel met with opposition from an unlikely quarter on Wednesday.

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via Uttam Galva's minority shareholders file petition against ArcelorMittal's declassification bid

In next 10 years, there will be many multi baggers in real estate space: Amit Jeswani

Talking to ET Now, Amit Jeswani, CIO, Stallion Asset, says for organised real estate, just choose the best builders, branded builders in every micro market that is where big money will be made for the next 5-10 years.

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via In next 10 years, there will be many multi baggers in real estate space: Amit Jeswani

Freecharge goes live on UPI: Joins Paytm and PhonePe

BENGALURU: Mobile wallet application Freecharge, has gone live on BHIM UPI (Unified Payment Interface) on its application. Freecharge users now have the convenience to use all UPI based payment services via their @freecharge UPI ID.

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via Freecharge goes live on UPI: Joins Paytm and PhonePe

Will invest whatever we have to for success in India: Uber CEO

NEW DELHI: Uber's deal with Grab will help the US-based cab aggregator increase investments in its core markets like India towards ramping up products as well as growing new businesses like Uber Eats, chief executive Dara Khosrowshahi said.

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via Will invest whatever we have to for success in India: Uber CEO

UltraTech Cement gets competition regulator's nod for Binani bid

UltraTech offered on March 19 to buy Binani Cement Ltd, days after a group comprising cement maker Dalmia Bharat. India's top cement maker UltraTech Cement Ltd, part of the Aditya Birla conglomerate, said that the Competition Commission of India (CCI) approved its $1.

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via UltraTech Cement gets competition regulator's nod for Binani bid

Like internet, cryptocurrencies cannot be regulated by a central authority: Benson Samuel

Talking to Rahul Oberoi on the sidelines of ETMarkets Global Summit 2018, Benson Samuel, CTO & Co-founder, Coinsecure, says he is optimistic about the future of cryptocurrencies. How do you see the future of cryptocurrencies in India?

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via Like internet, cryptocurrencies cannot be regulated by a central authority: Benson Samuel

Fund managers over next 10-20 years will outperform the index in India: Rajesh Sehgal

At the ETMarkets Global Summit 2018, Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company and Rajesh Sehgal, Managing Partner, Equanimity Investments, discuss how fund managers in the foreseeable future will completely outperform the index here.

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via Fund managers over next 10-20 years will outperform the index in India: Rajesh Sehgal

“It is time our top banks, insurance, FMCG cos are owned by Indian investors, not foreign funds”

At the ETMarkets Global Summit 2018, Nikunj Dalmia, Executive Editor, Financial Markets of ET Now, discusses the topic of expanding investor participation & financing India Inc.

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via “It is time our top banks, insurance, FMCG cos are owned by Indian investors, not foreign funds”

In India alone, we expect to make over 7 million tonnes of steel in FY19: Naushad A Ansari, JSPL

Talking to ET Now, Naushad A Ansari of JSPL discusses how it plans to work towards increasing its production to optimum realisation. JSPL’s QIP has received a very good response and was oversubscribed more than two times.

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via In India alone, we expect to make over 7 million tonnes of steel in FY19: Naushad A Ansari, JSPL

Use volatility as an opportunity to invest in good companies: Pankaj Tibrewal

In an interview with ET Now, Pankaj Tibrewal, VP & Fund Manager (Equity), Kotak Mutual Fund says, “the broader picture looks extremely exciting.

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via Use volatility as an opportunity to invest in good companies: Pankaj Tibrewal

Here is how you can save on taxes: TP Ostwal

As the financial year comesto an end, Talking to ET Now, TP Ostwal, Tax Expert, explains how to save taxes while planning for the next fiscal. ET Now: Tell us how under 80c can we help save taxes?

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via Here is how you can save on taxes: TP Ostwal

Coal India’s new pricing may raise fuel cost, consumers complain

Coal India’s new pricing system may raise fuel costs because the monopoly would end up charging for moisture content in consignments, its consumers have complained. But executives of the state-run miner said the new pricing would make an insignificant difference.

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via Coal India’s new pricing may raise fuel cost, consumers complain

Anand Mahindra scouts for home-grown social networking firm, to assist with seed capital

New Delhi: Leading industrialist Anand Mahindra has said he is willing to put in seed capital for a social networking company built out of India. The comments come at a time when there is a global outrage over breach of user data on social networking platform Facebook.

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via Anand Mahindra scouts for home-grown social networking firm, to assist with seed capital

Keep on Trucking

Woodworking, as we get more into it, comes with one unique challenge. If you want to build projects of a certain size, the materials with which you work are, well — big. This can be a problem within your shop, but most of us have addressed how to break down sheet goods and big chunks of lumber.

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via Keep on Trucking

Counterweighted Sofa Table

Not everyone has the room for end tables next to the sofa. My wife asked for a table she could use that didn’t block off the living room entry. Our sofa sits tight to the floor all around so I made a table with a counterweight to keep it stable.

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via Counterweighted Sofa Table

Another Option for CA Glue?

After using cyanoacrylate (CA) glue in my shop for some 13 years, I have developed an allergy/sensitivity to it and can no longer use the stuff.

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via Another Option for CA Glue?

VIDEO: Why Use a Table Saw Crosscut Sled

Every table saw comes with a miter gauge, and they’re made for making crosscuts and angled cuts. So why do you need a crosscut sled? There are four good reasons why a crosscut sled can improve your safety and accuracy at the table saw. Chris Marshall will show you all four in this video.

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via VIDEO: Why Use a Table Saw Crosscut Sled

OLX launches Webwise, an initiative to promote online safety

NEW DELHI: To create awareness among users on safe and secure online practices, internet classifieds platform OLX has launched its consumer safety initiative, OLX Webwise. T The program aims to inform users about measures to keep them safe while transacting online.

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via OLX launches Webwise, an initiative to promote online safety

There's a feeling RBI may go for status quo at next policy meet

The government may have done a good job by going for a lower borrowing plan in the first half of the next fiscal. But Bhaskar Panda, Senior Vice-President, Treasury Advisory Group, HDFC Bank, and Mythili Bhusnurmath, Consulting Editor, ET Now, are a little unsure about the path forward.

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via There's a feeling RBI may go for status quo at next policy meet

April Make-And-Take Classes

To celebrate National Woodworking Month, Rockler Woodworking and Hardware stores nationwide will be offering hands-on project classes throughout April in which participants can learn new woodworking skills while handcrafting items they can take home after each class.

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via April Make-And-Take Classes

Hitachi Renamed Metabo HPT

In a news release dated March 12, Hitachi Power Tools announced that it has changed its name to Metabo HPT for its full line of power tools, fasteners, accessories and outdoor power equipment products for North America.

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via Hitachi Renamed Metabo HPT

HC directs DMRC to pay Rs 306 crore to Reliance Infra arm to save it from turning into NPA

The Delhi High Court has directed state-run Delhi Metro Rail Corporation (DMRC) to pay Rs 306 crore to the lenders of Reliance Infrastructure's subsidiary Delhi Airport Metro Express (DAMEPL) so that the account does not turn into a non-performing asset, the Reliance Group company said on Tuesday.

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via HC directs DMRC to pay Rs 306 crore to Reliance Infra arm to save it from turning into NPA

Entrepreneurship development programme TiE GRAD to expand scope in 2018

Hyderabad chapter of The Indus Entrepreneurs (TiE) on Tuesday announced the launch of its second edition of TiE GRAD, a year-long initiative to foster and nurture entrepreneurship among college students, and has expanded the scope this time by bringing in more number of partner colleges.

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via Entrepreneurship development programme TiE GRAD to expand scope in 2018

We are still cautious on housing finance segment: Shibani Sircar Kurian

Edited excerpts: The bond yields have really cooled off. The 10-year yield is at a two-month low at this point of time on back of lower than expected H1 borrowing.

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via We are still cautious on housing finance segment: Shibani Sircar Kurian

Marginal dip in February GST numbers, collection up to March 26 at Rs 85,174 crore

The government has collected Rs 85,174 crore in GST for the month of February (up to March 26), official data released by the ministry of finance stated. That's a marginal dip from the January numbers.

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via Marginal dip in February GST numbers, collection up to March 26 at Rs 85,174 crore

Larsen & Toubro wins Rs 747 crore contract from NPCIL

Engineering and construction major Larsen & Toubro (L&T) today said it has won a Rs 747-crore order from Nuclear Power Corporation of India Ltd (NPCIL) to supply steam generators.

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via Larsen & Toubro wins Rs 747 crore contract from NPCIL

Pradosh Kumar Rath to be new chairman cum managing director of RINL

Pradosh Kumar Rath has been shortlisted as the new chairman cum managing director of RINL. Rath, who is currently Director (Operations) at RINL, emerged as the top choice of the Public Enterprises Selection Board on Tuesday.

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via Pradosh Kumar Rath to be new chairman cum managing director of RINL

SAP to collaborate with NITI Aayog’s Atal Innovation Mission

SAP on Tuesday signed a Statement of Intent (SOI) with NITI Aayog’s Atal Innovation Mission (AIM), a flagship programme of the Government of India to promote a culture of innovation and entrepreneurship.

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via SAP to collaborate with NITI Aayog’s Atal Innovation Mission

Expecting very high single digit volume growth in next fiscal: Sunil Duggal, Dabur India

Talking to ET Now, Sunil Duggal, CEO, Dabur India, says considers consumer healthcare as a long-term driver of growth and profitability. This is where the infrastructure building will happen. Edited excerpts: Last time we spoke to you was immediately after your Q3 numbers.

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via Expecting very high single digit volume growth in next fiscal: Sunil Duggal, Dabur India

PSU banks a no-no, better to stay away: Sunil Subramaniam

ET Now: What are making of some of the primary market offerings given they have not found the subscription that they intended to? Bandhan is seeing a bit of pop today.

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via PSU banks a no-no, better to stay away: Sunil Subramaniam

FPIs emerging as new investors in Indian bond market: Vivek Rajpal, Nomura

Talking to ET Now, Vivek Rajpal of Nomura talks about how the recent H1 borrowing announcement by government will positively impact the indian bond markets.

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via FPIs emerging as new investors in Indian bond market: Vivek Rajpal, Nomura

In China payment war, Walmart places bet on Tencent

BEIJING/SHANGHAI: Walmart Inc has placed a bet on Tencent Holdings Ltd's mobile payment system, giving the tech giant a boost in its battle with Alibaba Group Holding Ltd for pole position in China's fast-growing payments market.

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via In China payment war, Walmart places bet on Tencent

ONGC-HPCL merger, a win-win deal: RS Sharma, Former CMD, ONGC

In an interview to ET Now, RS Sharma, Former CMD, ONGC says that the worry whether the government will be able to maintain status quo or not, is what will disturb the sentiment about OMCs. ET Now: Oil prices in India at retail level are completely decontrolled.

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via ONGC-HPCL merger, a win-win deal: RS Sharma, Former CMD, ONGC

Bandhan Bank should be a good wealth creator in next 3-5 years: Jagannadham Thunuguntla

Talking to ET Now, Jagannadham Thunuguntla, Centrum Broking, says having a listing gain in this kind of market conditions, shows the kind of confidence the market has on Bandhan bank.

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via Bandhan Bank should be a good wealth creator in next 3-5 years: Jagannadham Thunuguntla

As Uber bows out to Grab, drivers and riders bemoan loss of choice

SINGAPORE: A mix of concern and disappointment met Uber Technologies Inc's deal to sell its Southeast Asian business to bigger regional rival Grab, as drivers and users of the ride-hailing firms took in the prospect of sharply reduced competition.

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via As Uber bows out to Grab, drivers and riders bemoan loss of choice

OMC lost opportunity to earn Rs 1838.98 cr revenue: CAG

BHUBANESWAR: A CAG report has said the Odisha Mining Corporation (OMC) lost an opportunity to earn revenue of Rs 1,838.98 crore as it could not achieve the targeted production of ores during 2012-17, despite having set a low target.

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via OMC lost opportunity to earn Rs 1838.98 cr revenue: CAG

Don’t go by themes, pick stocks by valuations and quality: Vetri Subramaniam

In an interview with ET Now, Vetri Subramaniam, Group President & Head of Equity, UTI AMC, says trade wars and other top of the news issues are temporary in nature. Valuations and quality of the business are better determinants of where you want to be and equally where you do not want to be.

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via Don’t go by themes, pick stocks by valuations and quality: Vetri Subramaniam

In a trade war, aviation giant Boeing could be a sitting duck

CHARLESTON, UNITED STATES: The sparkling new Boeing 787s bound for China Southern Airlines and Air China are waiting to be delivered, but the prospect of a trade war could make for a less rosy future.

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via In a trade war, aviation giant Boeing could be a sitting duck

European Commission safeguard probe into steel may hit India

The European Commission (EC) has initiated safeguard investigation on steel products to ascertain whether import tariffs imposed by the US need to be countered to prevent Asian producers from flooding the European market, a move that may have a significant bearing on India’s steel exports.

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via European Commission safeguard probe into steel may hit India

We aren't eligible to participate in Essar Steel re-bid: Sajjan Jindal

MUMBAI: JSW Steel is not eligible to participate in the re-bidding process for bankrupt Essar Steel as bankers have decided to allow only those who submitted expressions of interest for the first round of bidding, group chairman Sajjan Jindal said today.

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via We aren't eligible to participate in Essar Steel re-bid: Sajjan Jindal

Dilip Buildcon bags Rs 4,114-crore projects in Karnataka, Maharashtra

Highway developer Dilip Buildcon (DBL) today said it has bagged projects worth a total Rs 4,114 crore from state-run NHAI in Karnataka and Maharashtra. The projects are to be built on 'Hybrid Annuity Mode', the company added.

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via Dilip Buildcon bags Rs 4,114-crore projects in Karnataka, Maharashtra

JSW Steel to invest $500 million in Texas unit, to treble capacity

MUMBAI: The JSW Group will invest up to USD 500 million more in its steel pipes and plates facility in Texas, helping it achieve the full 1-million tonne installed capacity of the plant it had bought in 2007 and stop sourcing raw steel from Latin America and India.

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via JSW Steel to invest $500 million in Texas unit, to treble capacity

Rs 8,297.77-crore demand notices slapped on Coal India firm

Coal India on Monday said that demand notices amounting to Rs 8,297.77 crore were received for 17 projects of its subsidiary firm, Mahanadi Coalfields Ltd (MCL), for production beyond approved limits for the period between 2000-01 and 2010-11.

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via Rs 8,297.77-crore demand notices slapped on Coal India firm

Xiaomi to invest Rs 6000-7000 crore in 100 Indian startups

Chinese smartphone major Xiaomi today said it will invest Rs 6,000-7,000 crore in around 100 startups in India in the next five years to strengthen its hardware and software ecosystem. "Till 2017 the net investment of the company was Rs 3,000 crore.

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via Xiaomi to invest Rs 6000-7000 crore in 100 Indian startups

Bechtel Takes on $155 Billion in Active Projects, with $33 Billion to Kick Off, Wrap Up in 2018

SUGAR LAND--March 23, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Bechtel Corporation (San Francisco, California), the largest construction company in the U.S., was once again ranked No.

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via Bechtel Takes on $155 Billion in Active Projects, with $33 Billion to Kick Off, Wrap Up in 2018

Quess Corp Limited appoints new Deputy CEO

Quess Corp Limited has appointed Neeraj Tandon as deputy CEO of Conneqt Business Solutions. Conneqt Business Solutions Ltd (Conneqt), formerly known as Tata Business Support Services (TBSS), is a subsidiary of Quess Corp Ltd.

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via Quess Corp Limited appoints new Deputy CEO

10-15% correction from top is not enough as fundamentals have changed: Mukul Kochhar

Talking to ET Now, Mukul Kochhar, Investec Capital Services, says if valuations were 30% or 15%-20% lower, he would be less worried and bet on an earnings recovery. Edited excerpts: Let us start by talking about this recovery of sorts that we have seen in the markets.

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via 10-15% correction from top is not enough as fundamentals have changed: Mukul Kochhar

ArcelorMittal moves NCLT agasint Resolution Professional over rejection of Essar Steel bid

The battle for Essar Steel entered into a decisive legal phase with Arcelor Mittal, one of the two original bidders, deciding to file an application at the NCLT Ahmedabad challenging the March 23 decision of the resolution professional declaring its bid as ineligible.

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via ArcelorMittal moves NCLT agasint Resolution Professional over rejection of Essar Steel bid

Adani Enterprises signs coal mining pact with NLC India

NEW DELHI: Adani Enterprises today said it has signed a coal mining agreement with NLC India Ltd for development and operation of Talabira II and III coal block.

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via Adani Enterprises signs coal mining pact with NLC India

KEC International wins Rs 2,419 crore new contracts

NEW DELHI: Infrastructure firm KEC International today said it has won new orders worth Rs 2,419 crore across its businesses. "KEC International Ltd..., an RPG Group Company, has secured new orders of Rs 2,419 crore across its businesses.

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via KEC International wins Rs 2,419 crore new contracts

Going forward, there will be 2-4 players in mid market hotel space: Patanjali Keswani, Lemon Tree

Talking to ET Now, Patanjali Keswani, Chairman & MD, Lemon Tree, says the hotel supplies 9% of mid-market hotel rooms in India and that proportion will rise to 10% by FY21. Your PAT margins have improved from negative 10% in FY13 to about negative 2% in FY17.

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via Going forward, there will be 2-4 players in mid market hotel space: Patanjali Keswani, Lemon Tree

Cash Suvidha raises $1 million in pre-series A

Delhi based fintech company Cash Suvidha has raised pre-series A funding of $1 million from Initia Holdings, Viin Agarwal, Partner in India Industrial Growth Fund and others. Earlier in February this year, the company had raised 42.5 million in debt financing.

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via Cash Suvidha raises $1 million in pre-series A

Affordable housing growing, but premium housing may take time to bloom: Ashwini Kumar Hooda

Talking to ET Now, Ashwini Kumar Hooda, Deputy Managing Director, Indiabulls Housing Finnace, says he is optimistic about the prospects of growth in entry level housing segment. ET Now: The Q3 AUM growth was about 32 per cent.

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via Affordable housing growing, but premium housing may take time to bloom: Ashwini Kumar Hooda

Need resolution in trade conflicts for oil prices to come down: Jonathan Barratt

Talking to ET Now, Jonathan Barratt, CIO, AyersAlliance, says ever since Brent broke through $65-66 a barrel and while there are these unknown conflicts out there in the market, it is very hard to short it.

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via Need resolution in trade conflicts for oil prices to come down: Jonathan Barratt

Paslode Cordless Brad Nailer Review

Manufacturers have come up with multiple ways to drive nails on the cordless platform. As with all new technologies, they each come with their own inherent pros and cons. Paslode led the charge in the 1980’s with their fuel cell technology and that has not changed much today.

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via Paslode Cordless Brad Nailer Review

JSW Steel disallowed by lenders to participate for Essar Steel rebid

MUMBAI: JSW Steel will not be participating in the rebid for Essar Steel as the company was not part of the initial group that submitted expressions of interest in the first round of bidding, Sajjan Jindal said on Monday after he got a definitive reply from lenders disallowing the company to bid on

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via JSW Steel disallowed by lenders to participate for Essar Steel rebid

After HSIL demerger, expect faster growth: Sandip Somany

Talking to ET Now, Sandip Somany, Vice Chairman & MD, HSIL, says it will take a year or two for the actual shift from unorganised to organised sector to make a significant difference, but the shift has already started. Let us talk about your demerger scheme.

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via After HSIL demerger, expect faster growth: Sandip Somany

Uber’s India doom is written after Singapore falls to Grab

From Apple Inc. to Google, when global CEOs want to showcase their commitment to the Indian market, they no longer look for photo-ops against the famous marble mausoleum of a long-dead emperor's wife. Instead they take a selfie with India's reigning movie king.

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via Uber’s India doom is written after Singapore falls to Grab

Indian earnings estimates too high, some downside still left in the market: Sanjay Mookim

In an interview with ET Now, Sanjay Mookim, India Equity Strategist, BofA ML, says valuation excesses are not as high as it used to be on the index but there is still some way to go.

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via Indian earnings estimates too high, some downside still left in the market: Sanjay Mookim

JSW to set up facility in Texas with USD 500 mn investment

The plant will come up at Baytown in the minerally rich state, that is the largest exporter from the US. MUMBAI: JSW Group today announced an investment of up to USD 500 million to set up a one million tonne steel pipe and plates facility at Texas in the US.

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via JSW to set up facility in Texas with USD 500 mn investment

Indian online shoppers pay most on Fridays between 3pm and 6pm: study

BENGALURU: Online consumers in India pay the most on Fridays between 3pm and 6pm, with transactions driven mainly by mobile wallet payments and airline ticket bookings, followed at a distance by retail payments, according to a report by Chennai-based payment gateway company FSS Payments shared exclu

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via Indian online shoppers pay most on Fridays between 3pm and 6pm: study

Uber agrees to sell Southeast Asia business to Grab after costly battle

SINGAPORE/SAN FRANSICO: Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said in a statement on Monday, marking the U.S. company's second retreat from an Asian market. As part of the transaction, Uber will take a 27.

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via Uber agrees to sell Southeast Asia business to Grab after costly battle

Furniture etailers move on to newer revenue channels from discounting

BENGALURU|MUMBAI: As the noose tightens around vertical ecommerce players to plug cash and burn and build efficiency around operations, discounting is making way for newer revenue channels for players in the furniture retail space that are turning to product-catalogue expansion and a deeper omni-cha

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via Furniture etailers move on to newer revenue channels from discounting

Naspers hits the market with $10 bn from Tencent stake sale

BENGALURU|MUMBAI: Naspers, one of the largest investors in the Indian internet market, will be actively scouting the market for opportunities to deploy the $10-billion proceeds from the sale of 2% stake in Chinese internet conglomerate Tencent.

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via Naspers hits the market with $10 bn from Tencent stake sale

Business with nil tax liability may get to file GST returns bi-annually

NEW DELHI: Businesses having zero tax liability for six consecutive months under GST may soon get relief once the proposal to allow such entities to file returns only twice a year gets the GST Council's nod.

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via Business with nil tax liability may get to file GST returns bi-annually

Earnings will be much better from here on: Manish Gunwani

Investors will get low-double digit compounding from stocks for 3 years if cumulative earnings growth of 50% happens in three years and PE reverts to the long-term mean of 15-17 times, said Manish Gunwani, CIO (Equity Investments), Reliance Mutual Fund, in an interview with Prashant Mahesh.

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via Earnings will be much better from here on: Manish Gunwani

Indiabulls in talks with private equity majors to sell Chennai asset for Rs 1,200 crore

MUMBAI: Realty developer Indiabulls Real Estate is in advanced talks with global private equity (PE) majors including Blackstone Group, Brookfield Asset Management and Xander Group to sell its Chennai commercial asset One Indiabulls Park for around Rs 1,200 crore, said two persons with direct inform

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via Indiabulls in talks with private equity majors to sell Chennai asset for Rs 1,200 crore

Metal companies feed spike in demand, prices with fund infusion

KOLKATA/MUMBAI: Metal companies such as Vedanta, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL) have all been raising funds in the past month.

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via Metal companies feed spike in demand, prices with fund infusion

Quona Capital plans to raise $150-200 million Fund III

NEW DELHI: Emerging markets focused fintech impact investor Quona Capital which has been making investments in Indian companies from its Fund II worth $142 million is now on road to raise its Fund III. “We want to raise a larger fund to write bigger cheques.

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via Quona Capital plans to raise $150-200 million Fund III

NCLT advances Essar Steel hearing to Tuesday

MUMBAI: The National Company Law Tribunal has advanced the hearing on Essar Steel dispute to Tuesday, March 27, from April 4 as the ruling needs to be pronounced before the second round of binding bids takes place.

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via NCLT advances Essar Steel hearing to Tuesday

Coal India to adopt more transparent pricing system

KOLKATA: Coal India will adopt a new pricing system from April 1, which the company’s chairman said will be more customer friendly, transparent and aligned with global norms.

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via Coal India to adopt more transparent pricing system

Dhoot Transmission set to buy UK’s Parkinson Harness

NEW DELHI: Dhoot Transmission, an Indian wiring harness manufacturer, is acquiring UK-based Parkinson Harness Technology in a deal likely to be announced this week, people close to the development said. Dhoot Transmission declined to share the financial details of the transaction.

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via Dhoot Transmission set to buy UK’s Parkinson Harness

ShopClues sees 60% revenue growth, eyes profits in 12-18 months

E-commerce platform ShopClues today said its revenues have grown by 60 per cent this fiscal, while losses have been trimmed by almost 40 per cent compared to the previous year as it focusses on growing business from categories like fashion and strengthening position in tier III cities and beyond.

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via ShopClues sees 60% revenue growth, eyes profits in 12-18 months

Fino Paytech to further dilute equity to raise Rs 250 crore

MUMBAI: Financial services firm Fino Paytech is targeting to raise up to Rs 250 crore in equity for expanding its flagship payments bank and also the non-bank finance business, a top official has said. "We're in discussions to raise Rs 200-250 crore.

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via Fino Paytech to further dilute equity to raise Rs 250 crore

Dezertfox in talks to raise funds; to open 20 cafes in 1 year

NEW DELHI: Dessert brand startup Dezertfox is in talks with investors to raise funds to fuel its expansion plans of opening 20 new stores in Delhi in a year.

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via Dezertfox in talks to raise funds; to open 20 cafes in 1 year

EaseMyTrip to open branches in UK, US

NEW DELHI: Online travel portal EaseMyTrip is in the expansion mode looking to double its revenue and market share on the back of addition in itineraries and entry into new markets such as the US, the UK and Australia, a top company official said.

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via EaseMyTrip to open branches in UK, US

Sebi looks to boost startup funding, plans to ease rules for angel funds

NEW DELHI: Looking to provide an impetus to the early-stage startup ecosystem, markets regulator Sebi plans to increase the maximum investment by angel funds in venture capital undertakings to Rs 10 crore from the current Rs 5 crore.

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via Sebi looks to boost startup funding, plans to ease rules for angel funds

Rajasthan is a big market for us, says Zoomcar CEO Greg Moran

JAIPUR: Huge tourism opportunities in Rajasthan make the state one of the major markets for the growth of car and bicycle rental firm Zoomcar, the company's CEO and co-founder Greg Moran said. He was here to participate in the Rajasthan Digifest 2018.

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via Rajasthan is a big market for us, says Zoomcar CEO Greg Moran

India Inc is helping social startups get business savvy

BENGALURU: One might mistake 58-year-old Dapu Khan for a small-time Rajasthani folk artist. And in some ways, that’s what he was till three years ago. Khan had played the kamaicha — one of the world’s oldest bowed instruments — at the entrance of Jaisalmer fort for most of his life.

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via India Inc is helping social startups get business savvy

Pet care comes of age in the country with state-of-the-art vet hospitals

Renuka Bali, a software engineer, is nervously waiting outside the operation theatre of CGS Hospital in Gurgaon. Her five-year-old, Lucy, is having an emergency surgery. Bali’s husband, Alok, too, is getting jittery. After an hour, the surgery is over.

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via Pet care comes of age in the country with state-of-the-art vet hospitals

Bharatchain: The key digitisation pivot for improving India's public sector effectiveness

Digital disruption, tightened purse strings and changing citizen demands are driving the need for transformation in government - especially how public information is stored and accessed.

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via Bharatchain: The key digitisation pivot for improving India's public sector effectiveness

Tips from top fund managers for investing in equities

In a conversation with Nikunj Dalmia of ET Now, Nilesh Shah, MD, Kotak AMC, Navneet Munot, CIO, SBI Mutual Fund and Tushar Pradhan, CIO, HSBC Global AMC, discuss the guidelines for investing in equities. I am not looking at stock market tips but tips for investing.

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via Tips from top fund managers for investing in equities

On course: Equip yourself today for the future of tomorrow

Something interesting is happening in Japan. The elderly - one-third of the population - are in need of or will need assistive care. With shrinking families the need for external caregivers is logical. But human caregivers are slowly but steadily being edged out by 'carebots' or robots.

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via On course: Equip yourself today for the future of tomorrow

From small to big, agriculture to corporate, all the right moves for Indian logistics

Continuing with the pledge to propel India as one of the fastest growing economies in the world, the 2018 Union Budget announcement by Finance Minister Arun Jaitley, highlighted the government's focus on agriculture and the rural economy.

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via From small to big, agriculture to corporate, all the right moves for Indian logistics

Dropbox shares leap in IPO, and Silicon Valley smiles

Dropbox, the file-sharing company and Silicon Valley darling, had a strong market debut Friday, a reassuring sign for the technology industry and for the investors who have billions locked up in other highly valued but privately held startups.

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via Dropbox shares leap in IPO, and Silicon Valley smiles

How to Clean A Bird Feeder in Preparation for Spring

The first sign of spring is often the chirping of birds filling the crisp morning air. As the snow melts and the sun sticks around a little bit longer, it’s time to start prepping your home for spring.

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via How to Clean A Bird Feeder in Preparation for Spring

Project: Civil War Officer’s Chair

A piece of classic Americana, this folding chair holds a place in our nation’s history.

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via Project: Civil War Officer’s Chair

Black & Veatch Engineers $32 Billion in Active Projects, Led by Natural Gas

SUGAR LAND--March 20, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Black & Veatch (B&V) (Overland Park, Kansas) is performing design work and engineering, procurement and construction (EPC) services on nearly $32 billion in projects, according to Industrial Info's project data

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via Black & Veatch Engineers $32 Billion in Active Projects, Led by Natural Gas

CBI arrests promoters of Totem Infrastructure in Rs 1,394 cr fraud case

NEW DELHI: The CBI today arrested Tottempudi Salalith and Tottempudi Kavita, the promoters of Totem Infrastructure Ltd, in connection with an alleged Rs 1,394-crore fraud perpetrated against a consortium of eight banks, officials said today.

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via CBI arrests promoters of Totem Infrastructure in Rs 1,394 cr fraud case

Vedanta unlikely to participate in rebidding of Essar Steel

NEW DELHI: Metals and mining giant Vedanta Ltd is unlikely to participate in the second round of bidding for debt-laden Essar Steel, according to a source.

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via Vedanta unlikely to participate in rebidding of Essar Steel

We are selectively bullish in these 4 sectors: Rajesh Kothari

Talking to ET Now, Rajesh Kothari, CIO, AlfAccurate Advisors, says they have always avoided commodities and that is a good thing in the present trade war like scenario. Kothari prefers auto ancillaries, big private sector banks, consumer banking NBFCs and a few non-consumer durables.

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via We are selectively bullish in these 4 sectors: Rajesh Kothari

MEP Infrastructure wins Rs 3,000 cr highway projects in Maharashtra

NEW DELHI: MEP Infrastructure Developers (MEP) today said it has won projects worth Rs 2,921.83 crore in Maharashtra through a joint venture (JV) with Long Jian Road & Bridge Company Ltd. The company now has a total of 9 projects on hybrid annuity mode (HAM) valued at Rs 6,758.77 crore, it said.

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via MEP Infrastructure wins Rs 3,000 cr highway projects in Maharashtra

US move part of Trump's negotiation tactics to get $100 bn of bilateral surplus from China: Rob Camell, ING

"If China approves the piling up of US’s liquefied natural gas and in return asks for laying off the tariff, then that could be one way out. But it is a very risky way to conduct trade policy.

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via US move part of Trump's negotiation tactics to get $100 bn of bilateral surplus from China: Rob Camell, ING

NHAI awards Rs 1,395 crore contract for highway in Karnataka

NEW DELHI: NHAI has awarded two projects worth Rs 1,395.38 crore in Karnataka to Ashoka Concessions and Dilip Buildcon for widening of stretches of NH 4A, an official statement said today.

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via NHAI awards Rs 1,395 crore contract for highway in Karnataka

We are more focussed on hunting for values in large caps: Siddharth Bothra

Talking to ET Now, Siddharth Bothra, Senior VP Fund Manager, Motilal Oswal Asset Management, says he finds the risk reward more attractive in large caps. How are you using today's decline? Are you using the fear on the street or you are being cautious?

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via We are more focussed on hunting for values in large caps: Siddharth Bothra

Yen will appreciate if risk aversion sentiment continues: Qi Gao

Talking to ET Now, Qi Gao, Asia FX Strategist, Scotiabank, says he expects the two largest economies to find a solution through talks but before that happens, we could see risk aversion intensify in the market.

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via Yen will appreciate if risk aversion sentiment continues: Qi Gao

Comm Min notifies exemption from IGST, compensation cess under advance authorisation, EPCG scheme

NEW DELHI: The commerce ministry today notified exemption from IGST (Integrated Goods and Service Tax) and compensation cess for procurement under advance authorisation and EPCG scheme till October 1, 2018.

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via Comm Min notifies exemption from IGST, compensation cess under advance authorisation, EPCG scheme

MEP Infra bags 3 Maha road projects worth Rs 2,922 crore

MUMBAI: Road toll management firm MEP Infrastructure Developers today said it, along with its JV partner LongJian Road & Bridge Company, has bagged three road projects in Maharashtra worth Rs 2,921.83 crore from the NHAI.

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via MEP Infra bags 3 Maha road projects worth Rs 2,922 crore

Ryobi Cordless Circular Saw Review

Ryobi continues to expand their 18v cordless tool line and keeping their price points among the best in the power tool business. One of their latest addition is the 7 1/4 inch circular saw.

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via Ryobi Cordless Circular Saw Review

MakeMyTrip launches 'Pay Later' for select customers

NEW DELHI: Online travel firm MakeMyTrip on Friday said it has rolled out 'Pay Later' feature for travel payments which currently will be available to select users.

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via MakeMyTrip launches 'Pay Later' for select customers

Liquidity, not trade war, biggest market concern: Ajay Srivastava

In an interview with ET Now, Ajay Srivastava, CEO, Dimensions Consulting says, “we will get many more opportunities in next three months to buy stocks.

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via Liquidity, not trade war, biggest market concern: Ajay Srivastava

Expect WTI crude at $70-80 and Brent at $74-84 by end of CY18: David Lennox

Talking to ET Now, David Lennox, Fat Prophets, says with summer coming when demand rises and production cuts OPEC suggesting lasting beyond 2018, oil prices are going to push higher in the near term.

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via Expect WTI crude at $70-80 and Brent at $74-84 by end of CY18: David Lennox

ArcelorMittal plans to rebid for Essar Steel

NEW DELHI: World's largest steel maker Arce lorMittal, whose bid for Essar Steel was rejected by lenders, today said it plans to re-bid for the debt-laden firm undergoing insolvency proceedings.

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via ArcelorMittal plans to rebid for Essar Steel

We are focusing on Electrosteel, not keen on Essar Steel: Anil Agarwal

Talking to ET Now, Anil Agarwal, Executive Chairman, Vedanta, says as world goes protectionist, India should also learn to provide protection to local industry. Edited excerpts: The US has sounded the gong on trade wars. Two of the biggest trading countries are at war.

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via We are focusing on Electrosteel, not keen on Essar Steel: Anil Agarwal

BHEL to make space grade cells for ISRO

BENGALURU: State-run Bharat Heavy Electricals Ltd (BHEL) would make space grade lithium-ion (Li-Ion) cells for the Indian Space Research Organisation (ISRO) under technology transfer, the space agency said on Friday. The agreement was signed on Thursday in the presence of ISRO Chairman K.

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via BHEL to make space grade cells for ISRO

How MSMEs can get the most out of exports and imports through Forex

In the current global trade, there are certainly no geographical boundaries. After all, every business ultimately wants to expand its operations across the globe.

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via How MSMEs can get the most out of exports and imports through Forex

Look to adding these metals stocks on dips: Abhimanyu Sofat

Talking to ET Now, Abhimanyu Sofat, VP- Research, IIFL, says at lower levels, one can look at adding stocks like Tata Steel, Hindalco, JSW Steel. Post correction, you could see market doing pretty well.

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via Look to adding these metals stocks on dips: Abhimanyu Sofat

We are always focused on high quality, high growth spaces: Prateek Agarwal

Talking to ET Now, Prateek Agarwal, Business Head & CIO, ASK Investment Manager, says invests in domestic consumption driven sectors and he does not believe that gets impacted because of what has happened.

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via We are always focused on high quality, high growth spaces: Prateek Agarwal

Hopes afloat for Dalmia Bharat in bid to acquire Binani Cement

KOLKATA: Hopes seem to have brightened for the Dalmia Bharat Group in its quest to acquire Binani Cement, after the Committee of Creditors (CoC) today downplayed the alleged fraud by Binani's promoters, saying it was not related to the sale process. "All the details are in the data room.

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via Hopes afloat for Dalmia Bharat in bid to acquire Binani Cement

CarDekho owner Girnar Software Raises Rs 16 crore from Sequoia Capital in internal round

MUMBAI: Girnar Software, which owns and runs auto classified portal CarDekho.com has raised Rs 16 crore from Sequoia Capital in an internal round of financing.

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via CarDekho owner Girnar Software Raises Rs 16 crore from Sequoia Capital in internal round

Binani Cement says followed processes diligently, case adjourned till March 27

MUMBAI: The Kolkata bench of the National Company Law Tribunal (NCLT) has adjourned the Binani Cement case to March 27, said lawyers who were present at the court during a hearing Thursday.

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via Binani Cement says followed processes diligently, case adjourned till March 27

Dining tables, seating lead move to outdoor spaces

HIGH POINT, N.C. — According to new research, consumers use their outdoor rooms for just about everything they can do indoors, from using cellphones for calls and games to working on computers, watching TV, eating, exercising and relaxing.

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via Dining tables, seating lead move to outdoor spaces

Vedanta's Rs 1240 crore Odisha aluminium smelter expansion proposal in final stage

NEW DELHI: Anil Agarwal's Vedanta Ltd’s Rs 1,240 crore proposal to expand capacity of its aluminium smelter unit at Jharsuguda in Odisha to 1.8 mmtpa has been recommended for final approval to a high level clearance authority headed by chief minister Naveen Patnaik.

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via Vedanta's Rs 1240 crore Odisha aluminium smelter expansion proposal in final stage

T-Hub has incubated 346 startups in two years: IT Minister

HYDERABAD: T-Hub, the start-up incubator set up at the initiative of the Telangana government, has incubated 346 start-ups and 835 'associated start-ups' in the two years of its existence, state IT Minister K T Rama Rao said here today.

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via T-Hub has incubated 346 startups in two years: IT Minister

Ola partners with SCR, launches 'Ola kiosks' at three railway stations

HYDERABAD: Cab aggregator Ola has entered into a partnership with South Central Railway (SCR) to facilitate last mile connectivity for the railway passengers at three key railway stations in the city.

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via Ola partners with SCR, launches 'Ola kiosks' at three railway stations

IRB Infra bags Rs 3,400-crore road project from NHAI in UP

MUMBAI: IRB Infrastructure Developers has bagged a Rs 3,400-crore road project from the NHAI in Uttar Pradesh to be developed on build, operate and transfer basis. The scope of the work includes six laning of the 99.

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via IRB Infra bags Rs 3,400-crore road project from NHAI in UP

Right time to pick good stocks at lower price; look at these 3 sectors: Pankaj Murarka

Talking to ET Now, Pankaj Murarka, Market Expert, says this is a very good time to invest into some good quality businesses. Healthcare and CRAMS in particular, infra and capital goods are the three sectors Murarka is bullish on. You are bullish on the market.

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via Right time to pick good stocks at lower price; look at these 3 sectors: Pankaj Murarka

Qbera disburses Rs 30 crore in loans, aims Rs 200 crore by end of FY 19

BENGALURU: Bengaluru based digital lending startup Qbera has disbursed Rs 30 crore of loans to over 2,000 customers, with an average ticket size of Rs 1.6 lakh, Qbera currently disburses Rs 4 crore worth of credit each month, registering a revenue of Rs 1 crore in the previous year.

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via Qbera disburses Rs 30 crore in loans, aims Rs 200 crore by end of FY 19

For FY19, expect Rupee in a 64-67 range: Upasna Bhardwaj

Talking to ET Now, Upasna Bhardwaj, Economist, Kotak Mahindra Bank, says the liquidity squeeze that we are gradually approaching by end of 2018 and early 2019, is going to cause much more jitters in the emerging economies.

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via For FY19, expect Rupee in a 64-67 range: Upasna Bhardwaj

Zomato CEO claims $100 million in annualised revenue run rate; 40% growth in last 2 months

MUMBAI: Online restaurant discovery and food delivery platform Zomato has hit $100 million in annual revenue run rate as of March with the company having grown 40% in just the last 2 months, wrote CEO Deepinder Goyal on micro blogging site Twitter.

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via Zomato CEO claims $100 million in annualised revenue run rate; 40% growth in last 2 months

Lifestyle launches new gift card in partnership with Qwikcilver

"With the all new Lifestyle Gift Card, we will be able to reach out to more shoppers and serve them with an enjoyable experience,” said Kabir Lumba.

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via Lifestyle launches new gift card in partnership with Qwikcilver

Ryobi Devour Sweeper Review

Today, it seems like you can’t turn on a TV without seeing some DIY or Home Improvement program.  These type of shows have been inspiring and empowering homeowners of every skill level to pick up a hammer and a drill to add their own personal touches to their homes.

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via Ryobi Devour Sweeper Review

Swiggy, PhonePe join hands for simplified payment

NEW DELHI: Food ordering and delivery platform Swiggy has partnered with Flipkart's arm PhonePe to enable a new payment option for customers.

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via Swiggy, PhonePe join hands for simplified payment

Aavishkaar to invest Rs 35 crore in packaged foods brand ‘Soulfull’

MUMBAI: India’s leading impact investor Aavishkaar, part of the Aavishkaar-Intellecap Group, is set to invest Rs 35 crore into packaged foods startup Kottaram Agro Foods that markets products under the brand ‘Soulfull’.

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via Aavishkaar to invest Rs 35 crore in packaged foods brand ‘Soulfull’

Strategic investor in commercial ops will help Indiabulls pare debt: Ajit Kumar Mittal

In an interview with ET Now, Ajit Kumar Mittal, Executive Director, Indiabulls Real Estate, says bringing in strategic investor in commercial operations will generate funds which will be used to pare down the debt at the parent level and partly used for further growth of business.

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via Strategic investor in commercial ops will help Indiabulls pare debt: Ajit Kumar Mittal

ICICI Securities IPO raised Rs 1,717 cr anchor money from both domestic and FII investors: Shilpa Kumar

Talking to ETNow, Shilpa Kumar, MD & CEO, ICICI Securities highlights details of the IPO and also talks about the future plans of the company. Can you tell us more about the IPO.

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via ICICI Securities IPO raised Rs 1,717 cr anchor money from both domestic and FII investors: Shilpa Kumar

India story more affected by domestic plays; global cues play little role: S Krishna Kumar

ET Now: With crude nearing $70, how do you think it would impact the macros? And what would be its impact on equities? S Krishna Kumar: There is definitely some amount of strength that has to come into the crude.

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via India story more affected by domestic plays; global cues play little role: S Krishna Kumar

Discoms score better, but efficiency some way off: PV Ramesh

Talking to ET Now, PV Ramesh, CMD, REC, says discoms across the country have shown progress and they are marching in the right direction. The government has imposed a restriction on lending to discom sector.

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via Discoms score better, but efficiency some way off: PV Ramesh

Deadly crash raises questions about Uber self-driving system

TEMPE: Video of a deadly self-driving vehicle crash in suburban Phoenix shows a pedestrian walking from a darkened area onto a street just moments before an Uber SUV strikes her.

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via Deadly crash raises questions about Uber self-driving system

Cynosure fits exceptionally well with Zensar's return digital strategy: Sandeep Kishore

Talking to ET Now, Sandeep Kishore, CEO & MD, Zensar Technologies, says $33 million is a fair valuation for a high growth sector. Edited excerpts: Walk us through your acquisition of Cynosure.

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via Cynosure fits exceptionally well with Zensar's return digital strategy: Sandeep Kishore

Binani owners foiling IBC move: Dalmia CEO

MUMBAI: The promoters of Binani Cement are trying to “thwart the IBC process” by getting out of the resolution process and stalling the attempt of the government to find a solution for the Rs 4 lakh crore worth of stressed assets, a senior executive at Dalmia Bharat said on Wednesday.

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via Binani owners foiling IBC move: Dalmia CEO

JSW Steel keen to participate in Essar bidding process

KOLKATA: JSW Steel is keen to participate in the rebidding process for Essar Steel. The Essar bidding is poised to be the biggest in the current round of auction of stressed steel assets and is likely to involve anywhere between Rs 45,000-50,000 crore.

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via JSW Steel keen to participate in Essar bidding process

Resawing: Basic Hows and Whys

So you can use a band saw to slice thin pieces of wood from bigger pieces of wood … what’s the benefit? Why not buy your wood sliced thin to begin with, or just plane or sand it to thickness? Here are five good reasons right off the top of my head: First, you’ll get the best use out of exp

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via Resawing: Basic Hows and Whys

Digital payments player paytm wants slice of P2P lending

BENGALURU: Paytm, the country’s largest digital payments company, is trying to enter the lending space and is seeking a licence from RBI to become a peer-to-peer lending platform.

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via Digital payments player paytm wants slice of P2P lending

No violation in Rs 7,266 cr bid for Binani Cement under IBC, says UltraTech

NEW DELHI: Aditya Birla group firm UltraTech Cement today said that it has not violated the IBC in offering a Rs 7,266 crore bid to acquire debt ridden Binani Cement (BCL), which was already set to be sold to the Dalmia Bharat group by its creditors.

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via No violation in Rs 7,266 cr bid for Binani Cement under IBC, says UltraTech

Dalmia Bharat, UltraTech remain keen in Binani despite 'fraud'

KOLKATA: The takeover war for Binani Cement between Dalmia Bharat group and UltraTech declines to ease as both the bidders remain unperturbed despite the revelation of alleged fraud on the stressed asset, and both remain fully committed for acquisition.

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via Dalmia Bharat, UltraTech remain keen in Binani despite 'fraud'

Increased coal usage a serious setback for carbon reduction in Indian steel ind: Moody's

MUMBAI: Global rating agency Moody's today said that Indian steel industry is yet to introduce more stringent emission regulations, and an increase in coal usage poses a serious limitation to the potential for carbon reduction.

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via Increased coal usage a serious setback for carbon reduction in Indian steel ind: Moody's

60 per cent startups may fail amid lack of market: T V Mohandas Pai

JAIPUR: All startups have a bright future, but 60 per cent of them may fail owing to lack of market and other factors, according to IT veteran T V Mohandas Pai. The former Infosys director said India has about 30,000 startups employing about 3.

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via 60 per cent startups may fail amid lack of market: T V Mohandas Pai

Interior designer inks furniture deal with Pottery Barn

SAN FRANCISCO - Interior designer and author Jamie Durie will sell a branded line of furniture exclusively through home furnishings retailer Pottery Barn.

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via Interior designer inks furniture deal with Pottery Barn

NuMetal moves NCLT to stay eligible for Essar Steel

NEW DELHI: In a move that may complicate Essar Steel's auction, Russia's VTB Capital-owned NuMetal said it has has moved the Ahmedabad bench of the National Company Law Tribunal (NCLT) to reinforce its eligibility to bid for the stressed steel company.

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via NuMetal moves NCLT to stay eligible for Essar Steel

Salt association drags startup Puro Wellness into court for its TV commercial

AHMEDABAD: Former executive director of Torrent Pharma’s Ruchir Modi wellness start-up – Puro Wellness, has run into legal tussle with Indian Salt Manufacturers Association (ISMA).

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via Salt association drags startup Puro Wellness into court for its TV commercial

We are betting on 3 sectors right now: Rahul Shah

Talking to ET Now, Rahul Shah, AVP, Group Leader-Equity Advisory Group, MOFSL, says bullish on private financials and housing finance, oil marketing companies and metal stocks.

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via We are betting on 3 sectors right now: Rahul Shah

No other company is working in Rs 5 and Rs 10 segments: Abhishek Singh, Manpasand Beverages

Talking to ET Now, Abhishek Singh, Manpasand Beverages, says planning to double to market share of Mango Sip to 20%. Edited excerpts: We are bracing for a hotter and drier summer.

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via No other company is working in Rs 5 and Rs 10 segments: Abhishek Singh, Manpasand Beverages

ATS group to invest Rs 2,000 cr on building affordable homes

NEW DELHI: Realty firm ATS's founder Getamber Anand today launched a new venture HomeKraft to develop mid-income and affordable housing projects and will invest Rs 2,000 crore over the next five years to build about 6,500 units.

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via ATS group to invest Rs 2,000 cr on building affordable homes

Byju's targets Rs 1300 crore revenue next year

KOCHI: Byju’s, the creator of leading educational app in the country, is expecting a quantum jump in its revenue for the next fiscal given the rapid growth of its users. The billion dollar startup hopes to more than double its revenue next year.

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via Byju's targets Rs 1300 crore revenue next year

11 mines allotted to Coal India to add 225 MT in annual output

NEW DELHI: Allocation of 11 mines to Coal India (CIL) arms - ECL, WCL and BCCL - will enhance its annual output by 225 million tonnes (MT), Parliament was informed today.

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via 11 mines allotted to Coal India to add 225 MT in annual output

Patel, Shah kings of Gujarat's MSME sector: Study

AHMEDABAD: The quintessential Gujarati surnames of Patel and Shah rule Gujarat's Micro, Small and Medium Enterprises (MSMEs), reveals a study by Takashi Shinoda, professor of economics with Japan's Daito Bunka University.

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via Patel, Shah kings of Gujarat's MSME sector: Study

BASIX Sub-K raises Rs 350 million from Accion and Nordic Microfinance Initiative

BASIX Sub-K iTransactions Ltd, a Hyderabad based company focused on financial inclusion, has raised Rs.

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via BASIX Sub-K raises Rs 350 million from Accion and Nordic Microfinance Initiative

WD-40 Specialist Cleaner & Degreaser

Pretty much everyone has heard of WD-40 and its flagship Multi-Use Product.  It’s one of those products that is a staple in every household.  The company started back in the 50’s and has been a part of our lives ever since.

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via WD-40 Specialist Cleaner & Degreaser

Midcap and smallcap stocks may correct further: Tushar Mahajan

Talking to ET Now, Tushar Mahajan of Nomura Financial Advisory & Securities, says one could start nibbling into some of the more beaten down large cap names.

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via Midcap and smallcap stocks may correct further: Tushar Mahajan

Essar Steel to see new round of bidding after Numetal, ArcelorMittal's bids are declared ineligible

The committee of lenders met on Wednesday to discuss the option of going for a second round of bidding for Essar Steel.

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via Essar Steel to see new round of bidding after Numetal, ArcelorMittal's bids are declared ineligible

Bankruptcy: Guiding principle should be for lenders to minimise losses in a transparent manner : Uday Kotak

Can you throw light on the confused state of affairs that have set in the resolution proceedings of a prominent cement maker's bidding process?

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via Bankruptcy: Guiding principle should be for lenders to minimise losses in a transparent manner : Uday Kotak

Free trading should be allowed on all listed companies: Shriram Subramanian

In the Sebi meet scheduled for 28th March, the crucial amendments to the Insolvency and Bankruptcy Code would be up for discussion.

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via Free trading should be allowed on all listed companies: Shriram Subramanian

Ola checks into Hyderabad, Secunderabad stations, partners SCR

HYDERABAD: App-based ride-hailing firm Ola on Wednesday announced a partnership with the South Central Railways (SCR) to set up dedicated Ola kiosks and parking spaces at Hyderabad, Secunderabad and Kacheguda railway stations to facilitate last mile connectivity for passengers.

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via Ola checks into Hyderabad, Secunderabad stations, partners SCR

By 2020, M&M will have a new set of EVs on road: VS Parthasarathy

Talking to ET Now, VS Parthasarathy, Group CFO & Group CIO, M&M, says $3 billion worth upcoming businesses could be the value creators in the next three years. The early projections hint at a below normal monsoon right now.

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via By 2020, M&M will have a new set of EVs on road: VS Parthasarathy

Niti Aayog to come out with national policy on artificial intelligence soon

NEW DELHI: The Niti Aayog will soon come out with a national policy on artificial intelligence, outlining the scope of research and for the adoption and commercialisation of the technology to counter China's thrust towards AI.

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via Niti Aayog to come out with national policy on artificial intelligence soon

Numetal approaches NCLT to reinforce its eligibility to bid for Essar Steel

KOLKATA: Numetal has said it has approached NCLT Ahmedabad bench to reinforce its eligibility to bid for Essar Steel. Any decision by the Committee of Creditors meeting on Wednesday on Numetal’s resolution will be subject to final order of NCLT, it said in an official statement.

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via Numetal approaches NCLT to reinforce its eligibility to bid for Essar Steel

Paytm more preferred by Indian professionals than Google: LinkedIn

NEW DELHI: Professionals in India prefer home-grown tech and mobile Internet companies like Directi, Flipkart and One97 Communications (Paytm) more than global giants like Google and Amazon as their workplace, revealed a new LinkedIn report on Wednesday.

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via Paytm more preferred by Indian professionals than Google: LinkedIn