Make a Small Kitchen Look Bigger

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

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via Make a Small Kitchen Look Bigger

Improved maternity benefits could prove counterproductive: Survey

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

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via Improved maternity benefits could prove counterproductive: Survey

Celebrating Flipkarts hides disturbing truths about our internet economy

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

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via Celebrating Flipkarts hides disturbing truths about our internet economy

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

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

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

Institutional participation the biggest thing on agenda for fiscal 2018-19: Mrugank Paranjape, MCX

Talking to ET Now, Mrugank Paranjape, MD & CEO, MCX, says net-net, in the fourth quarter, profit has gone up by 82% and revenues are now at Rs 96 crore for the full quarter and profits are in excess of Rs 34 crore for the quarter. We have witnessed a very significant volume uptick.

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via Institutional participation the biggest thing on agenda for fiscal 2018-19: Mrugank Paranjape, MCX

The Complete Summer Home Maintenance Checklist

When the snows of winter have melted and the rain showers of spring have been replaced by sunshine, it’s time to start thinking about summer home maintenance. The changing seasons can take a toll on your home but basic maintenance can help keep things working properly.

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via The Complete Summer Home Maintenance Checklist

Simple Tips for Expanding Your Outdoor Living Space

We could all use a little bit more space, but the chances are good that your home is full enough already.

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The 5 DIY Summer Projects You Need to Add to Your To-Do List

Summer is a wonderful time of year and one where you just want to get out and enjoy the nice weather. Though you should certainly spend as much time enjoying the summer as possible, you should also take advantage of the opportunity to get some things done around the house.

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via The 5 DIY Summer Projects You Need to Add to Your To-Do List

Data localisation critical for security of India's payment systems: Paytm

NEW DELHI: With digital payment services growing at a phenomenal pace in the country, it is critical that players invest in data localisation to ensure privacy and security of consumer data, SoftBank-backed Paytm said on Monday.

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via Data localisation critical for security of India's payment systems: Paytm

When markets wait for correction, it generally does not come: Arun Thukral

In an interview to ET Now, Arun Thukral, MD & CEO, Axis Securities, talks about the volatility in the market and suggests some new areas where money can be made in the next few months. Why have the markets gained even when the macro indicators are not favourable?

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via When markets wait for correction, it generally does not come: Arun Thukral

RBL Bank experiencing both ROA and ROE expansion: Vishwavir Ahuja

In an interview with ET Now, Vishwavir Ahuja, MD & CEO, RBL Bank, says he is hopeful that in fourth quarter 2019, they should be able to exit at a higher ROA than now and at approximately 13.5% ROE, a significant improvement over today.

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via RBL Bank experiencing both ROA and ROE expansion: Vishwavir Ahuja

Bosch VISIMAX Lasers Review

Except for the Tower of Pisa, we expect things to be level in our world.  Our floors, our buildings or sidewalks, and even our pictures should have some level of straightness.

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via Bosch VISIMAX Lasers Review

Stay put on growth bets, forget contra: Arun Thukral

Metal stocks in India should continue to do well although there will be intermittent bouts of profit booking, says Arun Thukral, MD & CEO, Axis Securities, talking to ET Now.

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via Stay put on growth bets, forget contra: Arun Thukral

Ten Easy Tips for Summer Lawn Care

Nothing is more beautiful than a lush, green lawn. Unfortunately, keeping your lawn thick and green is not as easy as it might seem. You need to aerate, reseed, water, and fertilize if you want to keep your yard looking green.

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via Ten Easy Tips for Summer Lawn Care

I would not buy a lender if banker does not have the skin in the game: Raamdeo Agrawal

In an interview with ET Now, Raamdeo Agrawal, Jt MD, Motilal Oswal, explains that if bankers feel that they may not be able to recover the money or if there is deficiency in the recovery, they should have the wherewithal to figure out how to make it up. That is what is called skin in the game.

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via I would not buy a lender if banker does not have the skin in the game: Raamdeo Agrawal

Stay invested in right spaces, we are a part of a longer bull market: Atul Suri, Marathon Trends

Consumption and IT are emerging as trends. Again these are not going to be runaway index moves but rather they are going to be c alibrated moves, says Atul Suri, Marathon Trends – PMS, talking to ET Now.

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via Stay invested in right spaces, we are a part of a longer bull market: Atul Suri, Marathon Trends

E-commerce companies may need to prepare for withholding tax in two months

NEW DELHI: India Inc, in particular ecommerce platforms such as Amazon and Flipkart, may need to prepare for withholding tax provisions in two months under the goods and services tax (GST).

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In a volatile year, these three themes could hold sway: Atul Suri, Marathon Trends

In an interview with Atul Suri, Marathon Trends – PMS, says consumption, commodities and real estate are the three mega themes to focus on this year.

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via In a volatile year, these three themes could hold sway: Atul Suri, Marathon Trends

Unitus gets Rs 100 crore from Bill Gates, Dell

BENGALURU: Unitus Ventures, rechristened from Unitus Seed Fund, has raised Rs 100 crore towards the first close of its Rs 300-crore second fund from prominent investors including Bill Gates and Michael and Susan Dell Foundation.

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via Unitus gets Rs 100 crore from Bill Gates, Dell

Lending startup Rubique Technologies raises new round of funding

BENGALURU: Rubique Technologies, an online lending marketplace, has raised a new round of funding led by Japan’s Recruit Group and Russian venture capital management company Emery Capital, the company said. The funding round saw participation from Blacksoil and existing investor Kalaari Capital.

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via Lending startup Rubique Technologies raises new round of funding

Thriveni Earthmovers bid rejected, Lanco Infratech may be headed for liquidation

NEW DELHI: Lanco Infratech could end up going into liquidation with bankers rejecting the highest offer made by Thriveni Earthmovers. The resolution plan got just 16% support from the committee of creditors, people close to the development told ET.

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via Thriveni Earthmovers bid rejected, Lanco Infratech may be headed for liquidation

India, seven countries criticise EU safeguard move on steel imports

NEW DELHI: India and China, along with six other countries, have criticised the European Union’s decision to initiate a safeguard investigation on imports of certain steel products, saying it adds to the problem of growing protectionism worldwide.

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via India, seven countries criticise EU safeguard move on steel imports

Snapdeal posts Rs 4,647 crore net loss in 2016-17

NEW DELHI: E-commerce firm Snapdeal saw its losses mounting to Rs 4,647 crore for the fiscal ending March 2017, impacted by a provision for "impairment of goodwill" of Rs 1,797 crore.

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via Snapdeal posts Rs 4,647 crore net loss in 2016-17

Why some founders keep starting over

When Shachin Bharadwaj started online food ordering company Tasty Khana in Pune in 2007, he had little more than a big idea. “I had all the wrong notions about expectations of growth,” he says.

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via Why some founders keep starting over

Lending is the flavour of the month, but there’s enough space for us all: Piyush Khaitan

Before entering the lending business in 2011, Piyush Khaitan ran a payments processing company, Venture Infotek, which provided technology for swipe machines. That’s when he understood the problems merchants faced while processing transactions.

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via Lending is the flavour of the month, but there’s enough space for us all: Piyush Khaitan

Sometimes crazy ideas become successful: Suresh Prabhu on start-ups

PANAJI: Making a pitch for unconventional ideas for the growth of entrepreneurship, Union minister Suresh Prabhu said here today that there is a growing trend of school dropouts becoming successful start-up owners.

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via Sometimes crazy ideas become successful: Suresh Prabhu on start-ups

Lakshmi Mittal's hunt for steel in homeland

For more than a decade, Lakshmi Mittal, chairman and CEO of ArcelorMittal, has been trying to get a foothold in his homeland after creating a global steel empire from Kazakhstan to Brazil.

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via Lakshmi Mittal's hunt for steel in homeland

Nifty to go up substantially in next 12-18 months: Nilesh Shah, Envision Capital

The bottom is in place for the Nifty, but the best is yet to come -- Nilesh Shah, MD & CEO of Envision Capital is sticking his neck out and saying it in clear terms. He is also very sanguine about a double-digit earnings growth for 2018-19. He spoke to ET Now.

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via Nifty to go up substantially in next 12-18 months: Nilesh Shah, Envision Capital

Never buy a bad business is our investment philosophy and style: Nilesh Shah

Talking to Nikunj Dalmia, Chief Editor Financial Markets, ET Now, Nilesh Shah, MD & CEO, Envision Capital, highlights the nuances of investment strategy. He also talks about the sectors he would bet on. When you buy a stock, what are the three things you look at?

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via Never buy a bad business is our investment philosophy and style: Nilesh Shah

Reduce 'infant mortality' rate among startups: Suresh Prabhu

PANAJI: The official figure of existing startups in India was 20,000, but their actual number is much more than that, Union Commerce and Industry Minister Suresh Prabhu said on Saturday.

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via Reduce 'infant mortality' rate among startups: Suresh Prabhu

Reliance definitely is on course to be in the $100 billion club: Sanjiv Bhasin, IIFL

ET Now: The ARPU number for Jio is at Rs 134, which is very impressive if you compare it with Bharti. I am not sure how Reliance arrived at it given a lot of freebies being distributed with Jio plan. What’s your take? Sanjiv Bhasin: Bharti’s ARPU stood at Rs 116 this quarter.

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via Reliance definitely is on course to be in the $100 billion club: Sanjiv Bhasin, IIFL

Upbeat on these two stocks for long-term play: Thunuguntla

In a chat with ET Now, Jagannadham Thunuguntla, Senior VP and Head of Research, Centrum Broking, says rising bond yields not necessarily should reflect into weak equity markets.

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via Upbeat on these two stocks for long-term play: Thunuguntla

Honeywell at Work on $31 Billion in Projects, Fueled by Growth in LNG, Refineries

SUGAR LAND--April 23, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Honeywell International (NYSE:HON) (Morris Plains, New Jersey), which specializes in engineering and automation, walked into 2018 with a confident stride as improving energy markets boosted demand for some of t

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via Honeywell at Work on $31 Billion in Projects, Fueled by Growth in LNG, Refineries

Kunal Bothra puts out two top trading bets for Monday

In an interview with ET Now, Kunal Bothra, independent market analyst lists his two stock picks for Monday. ET Now: For Nifty, it was a touch and go to the 10,700 mark on Friday.

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via Kunal Bothra puts out two top trading bets for Monday

An AI bot wrote a movie script. The outcome paints the future of work

Technology has always created more jobs than it ever destroyed. And interestingly, the first ones to fly off the job boards have been the mundane, the laborious and the risky ones. This is testament to the desire of human beings to be employed in tasks that are less manual and more intellectual.

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via An AI bot wrote a movie script. The outcome paints the future of work

Providing services outside India? This may not be an export and may attract GST

With every passing day, transactions between enterprises outside India are increasing. In the simplest form, providing services outside India is said to be Export of services. The best thing about these exports is, it attracts Zero rate of taxes.

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via Providing services outside India? This may not be an export and may attract GST

Quoting Unique Identity Number on GST invoice is mandatory

Quoting of the Unique Identity Number (UIN) allotted to diplomats and multilateral agency officials serving in India is necessary on the sale invoice, the government said on Friday. "It has been noticed many big brands for groceries, clothing, superstores etc.

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via Quoting Unique Identity Number on GST invoice is mandatory

Ikea promises up to Rs 2,000cr investments for West Bengal Kolkata

Swedish retail giant Ikea Group has written to West Bengal Chief Minister Mamata Banerjee seeking appointment next month to discuss multi-crore investment plans for the state. Ikea plans to open up to 2 stores in the state entailing an investment of up to Rs 2,000 crore.

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via Ikea promises up to Rs 2,000cr investments for West Bengal Kolkata

Income Tax department to consider ITAT's Flipkart ruling

Income tax authorities will closely examine the decision of the Income Tax Appellate Tribunal (ITAT) in the Flipkart discount case and decide the next course of action accordingly.

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via Income Tax department to consider ITAT's Flipkart ruling

Drying Bowl Blanks with Desiccant

Dave Hout explains his new product for drying turned bowls, how to use it and how it works to draw the moisture from the wood. The desiccant will be available at Rockler starting June 20, 2018.

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via Drying Bowl Blanks with Desiccant

Woodworker’s Journal – May/June 2018

This issue includes plans for a Tabletop Fire Pit, Delaware Chair and a Bike Rack, as well as instructions for Installing a Router Lift, using a Table Saw and Drying Bowl Blanks.

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via Woodworker’s Journal – May/June 2018

Govt restricts manufacture of oxytocin for domestic use to public sector only

As part of its efforts to check the misuse of oxytocin by dairy operators and some farmers, the Ministry of Health has restricted its manufacture for domestic use to public sector only.

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via Govt restricts manufacture of oxytocin for domestic use to public sector only

We have done much better than last year: RC Bhargava

ETNow: What are your views on fourth quarter earnings? RC Bhargava: There is actually not a drop in profitability.

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via We have done much better than last year: RC Bhargava

For delta returns, you can look at corporate private sector banks: Sanjay Dongre, UTI Asset Company

Talking to ET Now, Sanjay Dongre, Fund Manager, UTI Asset Company, says after RBI’s February circular, most coporate-faced banks will declare all the stress in the balance sheets and start with a clean slate for FY19 and FY20.

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via For delta returns, you can look at corporate private sector banks: Sanjay Dongre, UTI Asset Company

Expecting better price realisation in industrial and commercial space: SM Ranade, Mahanagar Gas

Talking to ETNow, SM Ranade, CFO, Mahanagar Gas, talks about the growth potential in oil and gas sector and highlights the growth margins of Mahanagar Gas in recent times.

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via Expecting better price realisation in industrial and commercial space: SM Ranade, Mahanagar Gas

Liberty House trump's Tata Steel bid for Bhushan Power

UK's Liberty House group has trumped a bid by Tata Steel to buy bankrupt Bhushan Power and Steel, according to people directly briefed on the matter.

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via Liberty House trump's Tata Steel bid for Bhushan Power

Will be surprised if AU Small Fin fails to grow at 30% in next 5 years: Sanjay Agarwal, CEO

In an interview with ET Now, Sanjay Agarwal, MD & CEO, AU Small Finance Bank says, “Our profits are stable in spite of so many costs and we have managed our ROE around mid-teens, as we had promised two years ago.

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via Will be surprised if AU Small Fin fails to grow at 30% in next 5 years: Sanjay Agarwal, CEO

Ryobi Vacuum Review

When it comes to homeowners tools, I am a huge fan of Ryobi.  They have a huge lineup and are all sold for a very reasonable price.  About a month ago we reviewed the Ryobi Stick Vac and loved that vacuum.  One of our favorite stick vacs.

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via Ryobi Vacuum Review

Crude and inflation outlook remain biggest concerns for India: Chidu Narayanan

Talking to ET Now, Chidu Narayanan, Standard Chartered Bank, says fiscal pressure and how that turns around over the next 12 months is an evolving theme. Brent price is at more than $74 per barrel.

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via Crude and inflation outlook remain biggest concerns for India: Chidu Narayanan

Woman alleges rape, Ola driver arrested in Greater Noida

A woman employee of a private firm in Noida in Uttar Pradesh has accused an Ola cab driver's accomplice of raping her here. The two men were arrested on Friday, police said. The woman told the police that at around 4.30 p.m.

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via Woman alleges rape, Ola driver arrested in Greater Noida

Travel startup RailYatri raises series B funding

NEW DELHI: Fast growing travel startup RailYatri on Friday announced that it has raised an undisclosed amount in series B funding led by Omidyar Network.

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via Travel startup RailYatri raises series B funding

Job scene has improved over last 6 months but it is a sectoral story

Talking to ET Now, Hitesh Oberoi, MD & CEO, Info Edge, says according to Naukri Jobspeak index, sectors like healthcare, education, hotels, financial services, restaurants, travel, tourism, airlines, auto and industrial products have been doing well.

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via Job scene has improved over last 6 months but it is a sectoral story

Swiggy expands footprints, launches operations in Nagpur

NAGPUR: Largest food ordering and delivery platform, Swiggy, will expand its services here, offering customers better restaurant choices and variety at the touch of a button.

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via Swiggy expands footprints, launches operations in Nagpur

Complaints related to FDI norm violation by e-tailers sent to ED: DIPP Secy

NEW DELHI: Complaints related to alleged violation of FDI norms by e-commerce players have been forwarded to the Enforcement Directorate (ED) for appropriate action, a top government official said on Friday.

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via Complaints related to FDI norm violation by e-tailers sent to ED: DIPP Secy

HDFC Bank will be next to join $100-bn club; we will have 100 plus $10-bn companies soon: Vikas Khemani

In an interview with ET Now, Vikas Khemani, President & CEO, Edelweiss Securities, says it might have taken long to get a $100 million market cap, but you will start seeing many more coming over the next five to seven years.

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via HDFC Bank will be next to join $100-bn club; we will have 100 plus $10-bn companies soon: Vikas Khemani

Average monthly GST collection at Rs 89,885 cr: FinMin

The government has collected Rs. 89,885 crore on an average in the last eight months under GST, the Ministry of Finance said today. The total collection in the last nine months stood at Rs 7.41 lakh crore, it added.

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via Average monthly GST collection at Rs 89,885 cr: FinMin

Startups now hunting for talent across the world

Several Indian startups are hunting for talent in artificial intelligence, machine learning, robotics and big data across the world to overcome a big demand-supply mismatch for talent with knowledge of futuristic technologies.

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via Startups now hunting for talent across the world

Rampa launches new site for furniture fastener products

BARRIE, Ont. -- Rampa Tec Inc. has a new web shop where customers can place orders and requests based on their U.S. or Canada location through a quick registration process. Rampa Tec is the North American subsidiary of the German manufacturer Hans Bruegmann GmbH & Co.

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via Rampa launches new site for furniture fastener products

After Delhi, Android app Linq plans to make Jaipur and Dehradun WiFi enabled

The app helps users discover WiFi hotspots within 500 meters of their location on an interactive map. MUMBAI: Newly launched android app Linq is eyeing cities like Dehradun and Jaipur in its aim to make cities WiFi enabled after covering more than half of the national capital Delhi with its service.

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via After Delhi, Android app Linq plans to make Jaipur and Dehradun WiFi enabled

Essar Steel: Numetal moves NCLAT ahead of bankers' meet on Friday

MUMBAI: Ahead of the lenders' meeting tomorrow which may ask for fresh bids for the bankrupt Essar Steel's assets, Numetal today approached the National Company Law Appellate Tribunal (NCLAT).

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via Essar Steel: Numetal moves NCLAT ahead of bankers' meet on Friday

Every month, we are adding 100,000 investors and 1.25 lakh SIPs: Sundeep Sikka

There is a very big opportunity in both debt and equity, but our focus is on equity, says Sundeep Sikka, ED & CEO, Reliance Nippon Life AMC, talking to ET Now. Your revenue growth this time around has been around 17% but the profit growth is almost double of that.

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via Every month, we are adding 100,000 investors and 1.25 lakh SIPs: Sundeep Sikka

Amazon India adds 5 more fulfillment centres

BENGALURU: Amazon has expanded it network of fulfillment centres to a total of 67 across 13 states, announcing the addition of five more such centres on Thursday. With this, the total storage capacity of the company had increased to 20 million cubic feet, a 1.5X growth from 2017.

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via Amazon India adds 5 more fulfillment centres

ABB inaugurates microgrid with battery-storage at Vadodara facility

ABB on Thursday inaugurated a microgrid solution at its Vadodara facility that will harness solar power and reduce its carbon footprint. This is the first of its kind to be installed at a manufacturing campus in India, the company said.

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via ABB inaugurates microgrid with battery-storage at Vadodara facility

Uber to update 'bug bounty' policies after 2016 data breach

SAN FRANCISCO: Uber on Thursday plans to announce changes to how it rewards cyber researchers who report flaws in its software, a company executive told Reuters, as part of the ride-hailing firm's response to concerns raised about the way it handled a data breach in 2016.

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via Uber to update 'bug bounty' policies after 2016 data breach

We are a significant player for every OEM operating out of rural market: Ramesh Iyer, M&M Financial

We had a low base in commercial vehicles and small construction equipment but we are seeing a phenomenal growth out ther e, says Ramesh Iyer, MD, M&M Financial Services, talking to ET Now. FY18 disbursements are up 19%, AUM now stands at about Rs 55000 crore.

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via We are a significant player for every OEM operating out of rural market: Ramesh Iyer, M&M Financial

Pine Labs appoints Vicky Bindra as Chief Executive Officer

MUMBAI: Digital retail payments platform Pine Labs has appointed Vicky Bindra as the Chief Executive Officer. Bindra who has worked extensively in the financial services and fintech sector, has served in several roles at Visa, MasterCard, Citi Bank and GE Capital.

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via Pine Labs appoints Vicky Bindra as Chief Executive Officer

Bet on these two stocks in consumption space: Dhaval Dama, Equirus

ET Now: With the fairly decent quarter from Yes Bank, the bar is set high.

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via Bet on these two stocks in consumption space: Dhaval Dama, Equirus

I do not see rupee at 68: Bhaskar Panda, HDFC Bank

What factors you would attribute to the rupee depreciation and where do you see the rupee heading? The depreciation in the rupee in the last 10 or 11 trading sessions have been very-very dramatic.

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via I do not see rupee at 68: Bhaskar Panda, HDFC Bank

Things are changing for good in rural India, cash flows to sustain in election year: Ramesh Iyer, M&M Financial

If the borrowing cost was to keep rising. there is always a scope to pass it on to the consumer, says Ramesh Iyer, MD, M&M Financial Services, talking to ET Now. It has been a strong performance. Your cumulative spreads have improved, profits are up.

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via Things are changing for good in rural India, cash flows to sustain in election year: Ramesh Iyer, M&M Financial

More then one change per day made by Govt in GST: Export promotion council for SEZs

NEW DELHI: Government has made 376 changes in the Goods and Services Tax (GST) since its inception in July last year by amending rules, issuing clarifications and circulars related to refund, exemption and rates, Export Promotion Council for EOUs & SEZs (EPCES) has said.

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via More then one change per day made by Govt in GST: Export promotion council for SEZs

Fintech marketplace BankBazaar eyes 400 mn visits in FY'19

CHENNAI: BankBazaar.com revealed on Thursday that the financial marketplace has recorded 90 million visitors in the final quarter of FY18. With 400M visits expected in FY19, the company is looking to make 800 new hires across its locations in the current financial year.

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via Fintech marketplace BankBazaar eyes 400 mn visits in FY'19

How to Build Wood Wall Art

For our next project in the Mother’s Day Series, we are going to do something totally different. There is something about art that in general that I have never understood. I don’t think of myself as unrefined but the workings of Picasso get a bit lost on me.

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via How to Build Wood Wall Art

Expansions will give GHCL 12% volume growth: RS Jalan

In an interview with ET Now, RS Jalan, MD, GHCL, says the company made a cash profit of around Rs 464 crore this year after tax. Out of that, they invested around Rs 281 crore into capex to take care of our growth in the future.

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via Expansions will give GHCL 12% volume growth: RS Jalan

After three quarters, rural growth has come back: Sumit Malhotra, Bajaj Corp

Talking to ET Now, Sumit Malhotra, MD, Bajaj Corp, points out that while last year there was a 14% VAT, this year they had 18% GST and lost 4.5% because of taxation. Your numbers seem a little muted. Let us start with the top line which despite the low base has grown 5% in the fourth quarter.

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via After three quarters, rural growth has come back: Sumit Malhotra, Bajaj Corp

Dairy startup Happy Cow Dairy raises Rs 4 crore from angel investors

MUMBAI: Dairy startup Happy Cow Dairy Co has raised about Rs 4 crore in its seed round of funding from a clutch of angel investors including former executive at Citi Bank and serial entrepreneur Mahendra Mehta and others. The Mumbai-based startup will use the capital to further expand on operations.

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via Dairy startup Happy Cow Dairy raises Rs 4 crore from angel investors

“Wipro digital order book is the highest ever, deal sizes are increasing too”

ET Now in conversation with Abidali Z. Neemuchwala, CEO, Jatin Dalal, CFO, Bhanumurthy BM, President & Chief Operating Officer and Saurabh Govil, President & Chief Human Resources Officer, Wipro about the future growth trajectory of the company.

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via “Wipro digital order book is the highest ever, deal sizes are increasing too”

India key market for private equity, venture capital tech activity: Report

NEW DELHI: India is one of the key markets for investors looking to capitalise on the fast-evolving tech sector as it has accounted for 56 per cent of deal value of the total PE and VC tech activity in the Indian and Southeast Asian markets since 2015, says a report.

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via India key market for private equity, venture capital tech activity: Report

May/June 2018 Issue Preview

The May/June issue of Woodworker’s Journal has projects that will help you scratch that itch to get outside in the springtime: a quick-to-build Tabletop Fire Pit for your backyard gatherings and a Folding Bike Rack that has your wheels at the ready.

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via May/June 2018 Issue Preview

PROJECT: Building a Delaware Chair

The inspiration for this chair came from an original built in Delaware in the 1700s. The design, a transition between elaborate carvings and simpler styles, was built, unchanged, for nearly a century.

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via PROJECT: Building a Delaware Chair

Weaving a Splint Seat

The Delaware chair in the May/June 2018 issue of Woodworker’s Journal features a unique seat. Once you’ve completed the project, check out author Kerry Pierce’s instructions on how to create the traditional splint seat.

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via Weaving a Splint Seat

VIDEO: How to Install a Router Lift

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

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via VIDEO: How to Install a Router Lift

How to Assemble and Light the Tabletop Fire Pit Project

This little tabletop fire pit project plan is featured in the May/June 2018 issue of Woodworker’s Journal. This video demonstrates how to set up and light the fire.

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via How to Assemble and Light the Tabletop Fire Pit Project

How to Route Aluminum

You may think of your router as a tool only for woodworking, but Chris Marshall explains how you can use it for metal pieces as well. He shows the jig he used to set up the cut and explains the bit and router setup to make the cuts.

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via How to Route Aluminum

May/June 2018 What’s in Store Round-up

See the link above for a closer look at the DeWALT 20V MAX* DCB230 Battery. Lake Erie Toolworks, Inc. ClampGAUGE System

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via May/June 2018 What’s in Store Round-up

Inspired by HMT, two Bengaluru techies launch a fine-watch brand

All it took was an introspective six-month sabbatical from their tech jobs to give-up comfortable paycheques and turn into ecommerce entrepreneurs.

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via Inspired by HMT, two Bengaluru techies launch a fine-watch brand

A new set of winners emerging, our job is to identify them: Devesh Kumar, CIMB Securities

Talking to ET Now, Devesh Kumar, MD & Country Head, CIMB Securities, says irrespective of whichever party comes to power, whatever reforms have been seen on GST, demonetisation, or the banking clean-up drive, all will have a multiplier effect playing out in the times to come.

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via A new set of winners emerging, our job is to identify them: Devesh Kumar, CIMB Securities

FICCI, TiE partner to mentor women entrepreneurs in Chennai

CHENNAI: The Chennai chapter of the women’s wing of Federation of Indian Chamber of Commerce & Industry (FICCI), FLO Chennai today announced a partnership with TiE Chennai to encourage female entrepreneurship in the city.

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via FICCI, TiE partner to mentor women entrepreneurs in Chennai

Worried about macro but micro is better; betting on 2 mega themes: Shibani Sircar Kurian, Kotak MF

Talking to ET Now, Shibani Sircar Kurian, VP & Head - Equity Research, Kotak MF, says bullish on two mega themes of consumption and infra. Today most of the participants are talking about how bond yields in US are moving higher.

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via Worried about macro but micro is better; betting on 2 mega themes: Shibani Sircar Kurian, Kotak MF

GST Council meet on May 4, simplifying returns on agenda

NEW DELHI: Finance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect tax regime rules.

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via GST Council meet on May 4, simplifying returns on agenda

India ride-hailing firm Jugnoo eyes Singapore as Uber drives off

SINGAPORE: Indian ride-hailing firm Jugnoo plans to enter the Singapore market next month, its chief executive said on Wednesday, joining other companies eyeing the city state as Uber Technologies prepares to leave. Uber's app will continue to operate in Singapore until May 7, although the U.S.

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via India ride-hailing firm Jugnoo eyes Singapore as Uber drives off

Milwaukee Blower Review – Model 2724

When it comes to Milwaukee you probably think of them as a power tool manufacturer powerhouse.  A company who puts out a ton of professional power tools and one of the leaders in the cordless markets.  However have you ever thought of them as an OPE manufacturer?  Probably not.

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via Milwaukee Blower Review – Model 2724

By the end of FY19, we are opening another 1,300 rooms: Patanjali Keswani, Lemon Tree Hotel

In an interview with ET Now, Patanjali Keswani, CMD, Lemon Tree Hotel, says going forward, they want to go asset light and will also be evaluating ways to reduce asset ownership through JVs or through sale and lease back.

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via By the end of FY19, we are opening another 1,300 rooms: Patanjali Keswani, Lemon Tree Hotel

Rashtriya Ispat Nigam Limited targets Rs 19,000 cr turnover in FY 19

HYDERABAD: Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant is targeting Rs 19,000 crore revenues and also net profit during the current fiscal, after suffering losses for the past few years, a senior official said.

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via Rashtriya Ispat Nigam Limited targets Rs 19,000 cr turnover in FY 19

Value of new business grew 90%, persistency is a clear focus for us: Sandeep Batra, ICICI Pru Life Insurance

ET Now: What has led to improved margins and rise in value of the new business? Sandeep Batra: The value of the new business has grown significantly during the year. We have had a growth of over 90% and the VNB for this fiscal year is 12.86 billion as compared to 6.66 billion.

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via Value of new business grew 90%, persistency is a clear focus for us: Sandeep Batra, ICICI Pru Life Insurance

GST rollout was done keeping in mind the size of the Indian economy: Suresh Nandlal Rohira, Grant Thornton

Talking to ETNow, Suresh Nandlal Rohira, Partner, Grant Thornton breaks down the mechanism behind GST rollout and explains the benefits of e-way bill introduction. Do you think that GST rollout has been done in a great way or is it all smoke and mirror?

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via GST rollout was done keeping in mind the size of the Indian economy: Suresh Nandlal Rohira, Grant Thornton

Infratel-Indus Towers deal a win-win for all: Sanjiv Bhasin, India Infoline

Talking to ET Now, Sanjiv Bhasin, India Infoline, says the need of the hour is to raise cash because the price war has hurt the incumbents tremendously and they would be able to raise the resources after this merger.

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via Infratel-Indus Towers deal a win-win for all: Sanjiv Bhasin, India Infoline

Discounts are not capital expenditure: ITAT rules in favour of Flipkart

MUMBAI: In a relief to Flipkart the Income Tax Appellate Tribunal (ITAT) in Bengaluru on Tuesday rejected the revenue department’s argument that discounts dolled out by the e-commerce major should be reclassified as capital expenditure.

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via Discounts are not capital expenditure: ITAT rules in favour of Flipkart

How technology is opening up the gates of bigger opportunities for India

India’s recent growth has been impressive – its 7.2% GDP growth makes it one of the fastest growing economies globally, and government initiatives such as Digital India and Make in India, as well as increasing FDI limits, are also generating massive opportunity.

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via How technology is opening up the gates of bigger opportunities for India

Kotak’s Sanjeev Prasad on where to look for a dark horse in this market

In an interview with ET Now, Sanjeev Prasad, Kotak Institutional Equities, says banking sector could prove to be the dark horse. The present situation is a curious combination of very bad macro and decent micro.

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via Kotak’s Sanjeev Prasad on where to look for a dark horse in this market

E-commerce policy framework to be ready in 6 months

New Delhi: India will come out with a framework for a national policy on e-commerce in the next six months to deal with issues including competition, regulation, data privacy, taxation and technical aspects such as localisation of servers and technology transfer.

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via E-commerce policy framework to be ready in 6 months

Dilip Buildcon signs agreement with NHAI for Rs 2,992 cr projects

The company said another Rs 1,218.50 crore project pertains to four-laning of the Tumkur-Shivamogga section will be executed by Ashoka Karadi Banwara Road Pvt Ltd SPV. NEW DELHI: Highways builder Dilip Buildcon today said its SPV has entered into a pact with NHAI for Rs 2,991.

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via Dilip Buildcon signs agreement with NHAI for Rs 2,992 cr projects

Dust-Free Bandsaw – Tricks of the Trade

We recently had a reader, Michael Wygmans, submit their build of the Dust-free Bandsaw article from American Woodworker. This article first appeared in 2004 as a solution to the anemic dust collection on 14″ Delta bandsaws.

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via Dust-Free Bandsaw – Tricks of the Trade

JSJ Corp. to close Michigan office furniture maker izzy+

GRAND HAVEN, Mich. -- JSJ Corp. is planning to close office furniture maker izzy+ after 17 years of operation.

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via JSJ Corp. to close Michigan office furniture maker izzy+

How to Use an HVLP Sprayer

An HVLP spray system is a great way to apply a finish. Learn the basics of using an HVLP sprayer. The letters HVLP stands for high volume low pressure. HVLP systems consist of a spray gun, a turbine, and a hose.

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via How to Use an HVLP Sprayer

Another Way to Store Individual Router Bits

I like to recycle items that would otherwise end up in a landfill. When I purchase individual router or drill bits, they usually don’t come with a proper way to store them.

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via Another Way to Store Individual Router Bits

Clean Swipe Solution for Hardware Marking

I’ve tried various ways to mark furniture or cabinet doors and drawers for hardware locations before installing it, but this is my favorite method. I use a fine-tip marker that’s made to be erasable. Either a “wet-erase” or “dry-erase” marker will work well.

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via Clean Swipe Solution for Hardware Marking

Your Go-to Tool

If you were stranded on a desert island, which happened to have a small woodworking shop nestled next to the Professor and Mary Ann’s thatched huts, what tool could you not live without?

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via Your Go-to Tool

Denny Carson: Wooden Fly Fishing Supplies

Denny Carson’s woodworking these days focuses on fly fishing: wood-handled fishing nets, fly boxes and accompanying accessories. It stemmed from a class he took about 13 years ago with woodworking instructor David Marks, focused on bent laminations.

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via Denny Carson: Wooden Fly Fishing Supplies

How Do I Prevent Gouging with a Belt Sander?

Normally, with practice, I can get the hang of any tool I’ve tried. Not so with small, handheld belt sanders. I’m forever gouging wood. Even when I go slow and think I’m level, I’m not. What am I doing wrong? – Kimberly Sutherland Tim Inman: It’s all in the wrist.

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via How Do I Prevent Gouging with a Belt Sander?

Four New Wagner FLEXiO™ Paint Sprayers

Wagner SprayTech recently has launched four new models of FLEXiO paint sprayers with refined features and fewer parts to clean.

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via Four New Wagner FLEXiO™ Paint Sprayers

A Glimpse of Outdoor Projects

In the last issue, we asked you to tell us about your outdoor projects this year, in the hopes of getting a glimpse of spring after our April blizzard in Minnesota. Some readers obliged. – Editor So true. – Editor

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via A Glimpse of Outdoor Projects

Want to play the monsoon theme? Look at these 3 spaces: Mahantesh Sabarad

Talking to ET Now, Mahantesh Sabarad, Head-Retail Research, SBI Cap Securities, says with normal monsoon predicted this year, consumption stocks including consumer durables, agro-chemicals and vehicle financing stocks are likely to be in limelight.

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via Want to play the monsoon theme? Look at these 3 spaces: Mahantesh Sabarad

DIY Plywood Mountain Wood Art

One of my favorite parts about being a DIY blogger is that I get to be part of a community of insanely talented makers.

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via DIY Plywood Mountain Wood Art

Bosch Cordless Grinder Review

When it comes to cordless grinders, a consumer has plenty of options to pick from.  All most every major and no name power tool manufacturers have a grinder in their lineup.  Like anything else in this world, we have brands we love and brands we want to avoid.

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via Bosch Cordless Grinder Review

We should be able to double the book within 3 years: Murali M Natrajan, DCB Bank

In an interview with ET Now, Murali M Natrajan, MD & CEO, DCB Bank, says there was some improvement in our gross and net NPA in the fourth quarter based on the strong recoveries and upgrades. Edited excerpts: Great performance, this quarter.

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via We should be able to double the book within 3 years: Murali M Natrajan, DCB Bank

Market is struggling to absorb G-Secs supply: R Siva Kumar, Axis Mutual Fund

What is your own assessment on what oil prices would do to inflation? How that would get translated in the RBI commentary when it comes to rates? RBI will going to be very sensitive to the trajectory of inflation and of course the oil price feeds into that.

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via Market is struggling to absorb G-Secs supply: R Siva Kumar, Axis Mutual Fund

Expect volatility in aluminium and broader commodities' pricing: David Lennox, Fat Prophets

In an interview with ET Now, David Lennox, Fat Prophets, says there has been a decline in aluminium and alumina inventories over last 12 months and that would have provided a good tailwind for the prices earlier.

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via Expect volatility in aluminium and broader commodities' pricing: David Lennox, Fat Prophets

Kalaari Capital's seed fund launches Kstart Fellowship 2.0

KOLKATA: Kalaari Capital is launching the Kstart Fellowship 2.0. The fellowship’s goal is to develop future leaders in the venture capital and entrepreneurial ecosystem.

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via Kalaari Capital's seed fund launches Kstart Fellowship 2.0

Bond yields are rising, but why? Dhawal Dalal of Edelweiss has the answer

Dhawal Dalal, CIO (Fixed Income), Edelweiss AMC says the bond market has given up all the gains generated between the last week of March and first week of April.

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via Bond yields are rising, but why? Dhawal Dalal of Edelweiss has the answer

Softbank, Google join $1.9 billion investment in China truck-hailing firm

BEIJING/SHANGHAI:Japan's Softbank Group and Alphabet Inc's venture capital fund CapitalG are among investors pouring $1.9 billion into a truck hailing service platform Manbang, the Chinese company said in a statement on Tuesday.

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via Softbank, Google join $1.9 billion investment in China truck-hailing firm

HNI Corp. CEO Askren to retire, Lorenger named president

MUSCATINE, Iowa - HNI Corp. has announced changes to the contract furniture manufacturer's executive staff. Stan Askren plans to retire as CEO and chairman by the end of the year. HNI Corp.

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via HNI Corp. CEO Askren to retire, Lorenger named president

We can grow even 70-80%, the market can absorb it: MR Rao, Bharat Financial

In FY19, we will grow at the rate of 40% to 50%, backed by 30% fresh customer acquisition and a marginal increase of ticket size, says MR Rao, MD & CEO, Bharat Financial, talking to ET Now.

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via We can grow even 70-80%, the market can absorb it: MR Rao, Bharat Financial

Amazon’s food retail plan hits a hurdle

NEW DELHI: Amazon’s plans to take its wholly owned food retail business nationwide has hit a snag, with the government asking the US ecommerce giant to keep separate equipment, machinery and warehouses for its food products and not to mix or share anything with its marketplace business.

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via Amazon’s food retail plan hits a hurdle

Five Things You Can’t Throw in the Trash After a Home Renovation

Home renovations are exciting, perhaps daunting, but most importantly, they need management from the start to the end of the process. But the real end of the process is not the final nail in the wood, but the proper disposal of all the waste products generated throughout the renovation.

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via Five Things You Can’t Throw in the Trash After a Home Renovation

Naukri.com invests Rs 3 crore in ShoeKonnect

Naukri.com (Info Edge India) invested Rs 3 crore in ShoeKonnect, a B2B marketplace startup for global footwear industry. The funding will be deployed for strengthening its technology base to scale up operations and expansion in terms of the userbase of footwear buyers and sellers across India.

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via Naukri.com invests Rs 3 crore in ShoeKonnect

Steel handling begins at Odisha's Dhamra Port

Steel handling at Odisha's Dhamra Port has started with the receipt of the first rack from Tata Steel's Kalinga Nagar plant by the train route, an official statement said on Monday.

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via Steel handling begins at Odisha's Dhamra Port

SAIL, AAI sign MoU over use of SAIL airstrips

Steel Authority of India Ltd (SAIL) and Airports Authority of India (AAI) entered into a memorandum of understanding (MoU) on Monday for utilization of SAIL airstrips at Rourkela, Bokaro and Burnpur under the Regional Connectivity Scheme (RCS) –UDAN.

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via SAIL, AAI sign MoU over use of SAIL airstrips

Vedanta's acquisition of Electrosteel credit positive: Moody's

Moody's Investors Service today termed mining giant Vedanta's acquisition of bankrupt Electrosteel Steels through insolvency process as "credit positive", saying the move would augment the former's business profile and revenue generation.

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via Vedanta's acquisition of Electrosteel credit positive: Moody's

With demand for Gold soaring, Zomato turns subscription program to invite only

Less than 6 months after it launched its premium subscription program Gold in India, Zomato is all set to turn it to an invite-only program, citing the need to ensure service quality as demand grows.

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via With demand for Gold soaring, Zomato turns subscription program to invite only

Four more states, one union territory to implement e-way bill from April 25

The government on Monday said four new states and one union territory will switch over to the e-way bill system for intra-state movement of goods from April 25. As per the decision of the GST Council, the e-Way Bill system for intra-state movement of goods was rolled out on April 1.

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via Four more states, one union territory to implement e-way bill from April 25

Pradip Kumar Mishra new Director (Commercial) of NALCO

A postgraduate in English literature from Utkal University, Mishra started his professional career as a Management Trainee in SAIL. Pradip Kumar Mishra (57) took charge as the new Director (Commercial) of National Aluminium Company Limited (NALCO) on Monday.

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via Pradip Kumar Mishra new Director (Commercial) of NALCO

NCLT asks Bhushan Steel creditors to consider Liberty House bid

The National Company Law Tribunal (NCLT) today asked the lenders of Bhushan Power & Steel, led by PNB, to consider the bid submitted by UK-based Liberty House for the debt-ridden company.

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via NCLT asks Bhushan Steel creditors to consider Liberty House bid

TCS has always effectively reinvented itself: S Ramadorai

Talking to ET Now, S Ramadorai, Former VC, TCS, says there is plenty of business out there so long as the organisation is willing to reinvent itself with capabilities. Edited excerpts: I distinctly remember the day TCS went public.

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via TCS has always effectively reinvented itself: S Ramadorai

Amit Jeswani on where to look for big alpha this year

Talking to ET Now, Amit Jeswani, CIO, Stallion Asset, says alcohol stocks, hotel stocks, aviation stocks will be trending next and create the big alpha. We are seeing a sudden blowout in the markets in the last couple of sessions.

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via Amit Jeswani on where to look for big alpha this year

Ryobi Cordless Finish Nailers Review

It comes as no surprise that I am a fan of the Airstrike line of Ryobi Cordless Nailers. I have picked these apart endlessly trying to find something wrong with them, and honestly, I just can’t come up with anything to say that is significantly negative.

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via Ryobi Cordless Finish Nailers Review

Outlook for TCS and IT sector as a whole to improve going forward: Urmil Shah, IDBI Capital

Talking to ET Now, Urmil Shah, IDBI Capital, says investors may want to go for higher weightage on IT in he future. Edited excerpts: What is the view on TCS emerging as a $100-billion company? Infosys has the strategy meet today.

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via Outlook for TCS and IT sector as a whole to improve going forward: Urmil Shah, IDBI Capital

A new industrial policy will soon be announced, emphasis on MSME: Suresh Prabhu

It looks like the SME sector and the Indian economy in general will soon see significant changes as a new industrial policy will soon be introduced by the Government. "We will soon announce the details of a new industrial policy that is being worked upon by this government.

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via A new industrial policy will soon be announced, emphasis on MSME: Suresh Prabhu

TCS’ feat impressive as it is about modern India: Vallabh Bhansali

Talking to ET Now, Vallabh Bhansali, Chairman, Enam Group, says TCS is some steel or textile company. Yet, it employs more than 400,000 people. It is a lesson in what we can achieve if we are progressive and believe in ourselves.

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via TCS’ feat impressive as it is about modern India: Vallabh Bhansali

Australia's Ichthys project to import LNG cargo to cool plant ahead of startup

SINGAPORE/TOKYO: Japan's Inpex Corp and its partners have bought a cargo of liquefied natural gas (LNG) to cool their Ichthys LNG plant in Australia ahead of a potential startup of the much delayed facility, a company spokesman said on Monday.

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via Australia's Ichthys project to import LNG cargo to cool plant ahead of startup

GoldBell Group and Blume Ventures invest Rs 10 crore in after-sales car service startup Pitstop

MUMBAI: After sales car service provider Pitstop has raised Rs 10 crore ($1.6 Mn) as part of its Pre-Series A funding from existing investors led by Singapore-based Goldbell Group & Blume Ventures.

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via GoldBell Group and Blume Ventures invest Rs 10 crore in after-sales car service startup Pitstop

Bidding for Fortis, we are putting our money where our mouth is: Mohit Burman, Dabur

In an interview with ET Now, Mohit Burman, Director, Dabur, says once the Munjal-Barman combine puts in the first round of funding, they want two board seats after which they will have an eye in the company. The only difference will be that we would have already put our money where our mouth is.

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via Bidding for Fortis, we are putting our money where our mouth is: Mohit Burman, Dabur

Mumbai, Bangalore led residential sales, launches in Q1, report

MUMBAI: Residential property markets of Mumbai and Bangalore have emerged as the front-runners among key markets in terms of both sales and new housing supply infusion during the quarter ended March.

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via Mumbai, Bangalore led residential sales, launches in Q1, report

Why Morgan Stanley’s Swanand Kelkar expects 30% appreciation in this sector

Talking to ET Now, Swanand Kelkar, ED, Morgan Stanley Investment Management, says growth is not a challenge for private sector banks because two-third of the banking industry dominated by PSU banks is not doing much.

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via Why Morgan Stanley’s Swanand Kelkar expects 30% appreciation in this sector

Ola censures VHP member who cancelled ride by Muslim driver

Responding to a tweet by a Vishwa Hindu Parishad (VHP) member over a ride he cancelled because the driver was a Muslim, Ola unambiguously stated that it does not "discriminate (its) driver partners or customers basis their caste, religion, gender or creed.

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via Ola censures VHP member who cancelled ride by Muslim driver

For earnings growth, focus on these 2 sectors: Pramod Gubbi, Ambit Capital

Talking to ET Now, Pramod Gubbi, Ambit Capital, says commodities and private sector financials including retail banks are the two sectors where he expects earnings growth. The market has made a smart comeback! Crude is at $70 plus, bond yields at 7.

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via For earnings growth, focus on these 2 sectors: Pramod Gubbi, Ambit Capital

Australia competition regulator flags scrutiny of Uber Eats

SYDNEY: The head of Australia's competition regulator said on Monday it will scrutinise contracts between Uber Technologies Inc and restaurants that use its food delivery app Uber Eats.

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via Australia competition regulator flags scrutiny of Uber Eats

Software firm Zendesk taps India SMEs for its $1-billion goal

BENGALURU: India will play a key role in NYSE-listed customer service software firm Zendesk becoming a $1-billion business by 2020, a top executive told ETtech. “India is a very significant market for us and a high priority in terms of investment.

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via Software firm Zendesk taps India SMEs for its $1-billion goal

Business 4.0 strategy: TCS CEO sees no threat to margins in medium term

Tata Consultancy Services (TCS) sees little competition in the medium term on its new Business 4.0 strategy, which is helping it win large deals and defend its margins.

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via Business 4.0 strategy: TCS CEO sees no threat to margins in medium term

DIY Live Edge Resin Table

As a woodworker and a maker, one of the projects I have had on my bucket list for a while has been a resin and wood end table. I have spent months scouring lumber yards and the internet for the perfect piece in need of TLC. And, well, when you wish and try hard enough dreams do come true.

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via DIY Live Edge Resin Table

DST Global in talks to invest in Swiggy

DST Global, which counts Facebook and Alibaba in its investment portfolio, is likely to join the ongoing round of fund-raising at online food delivery platform Swiggy. The investment, for which talks are in an advanced stage, will see the startup’s valuation cross the $1-billion threshold.

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via DST Global in talks to invest in Swiggy

Twitter co-founder invests in Delhi-based health start-up that rides on AI

NEW DELHI: Twitter co-founder Biz Stone has invested in his "personal capacity" in a Delhi-based health start-up that uses an artificial intelligence-based bot in its app as he wants to contribute to a future where AI is seen as a "positive enhancement of humanity".

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via Twitter co-founder invests in Delhi-based health start-up that rides on AI

Govt will roll out red carpet to foreign steel cos: Official

NASHIK: The government will roll out a red carpet to big foreign players who want to set up greenfield steel projects and the country's steel manufacturing capacity is expected to rise to 150 million tonnes by 2020, according to a senior official.

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via Govt will roll out red carpet to foreign steel cos: Official

Ola gears up for the Australian market

On a warm April morning, Kostas Karras picks up a passenger from The Rocks in the shadow of the Sydney Harbour Bridge in Australia. On the windshield of his blue Mazda CX7, the 42-year-old genial driver has put a new sticker with a greenish yellow circle: Ola.

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via Ola gears up for the Australian market

Here is what's most challenging for global-minded startups

Startups such as Flipkart and Paytm, which are focused on India’s burgeoning consumer class, have hogged a disproportionate share of the headlines over the past decade.

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via Here is what's most challenging for global-minded startups

How a clutch of sub-unicorn Indian startups has found niche global markets

As far as offbeat business destinations go, Lithuania is as distant as it gets for entrepreneurs running startups in India. But for Arvind Lakshmikumar, CEO and founder of Tonbo Imaging, the capital of the Baltic nation, Vilnius, is the key to the firm’s fortunes.

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via How a clutch of sub-unicorn Indian startups has found niche global markets

'We are building the future of urban transport': Taxify CEO

Taxify has been called Uber killer in the Australian market, despite being a new player. Do you think there’s space in the market for two or more players? Taxify was the first ride-hailing company to break Uber’s monopoly in the Australian market.

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via 'We are building the future of urban transport': Taxify CEO

Getting more women into formal workforce is priority for India: IMF

UNITED NATIONS: India must focus as a priority on ensuring that more women work in the formal sector as it continues with labour reforms, according to Ken Kang, the deputy director in International Monetary Fund (IMF) Asia Pacific Department.

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via Getting more women into formal workforce is priority for India: IMF

Talk of oil at $100 exaggeration as of now: A Prasanna, ICICI Securities

ET Now: If bond yields rise and rupee goes to the 66 level, it will make our macro look vulnerable. Does it mean investors would stay away? A Prasanna: In terms of bond market, the volatility is much higher than what we are used to, so there is some amount of exaggeration there.

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via Talk of oil at $100 exaggeration as of now: A Prasanna, ICICI Securities

IMA for Electrosteel Steels till Vedanta gets control

PricewaterhouseCoopers (PwC) will be the (IMA) for Electrosteel Steels Ltd and will monitor the company till its new promoter, Vedanta Ltd, gets control.

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via IMA for Electrosteel Steels till Vedanta gets control

Robot assembles IKEA hardwood chair all by itself

NANYANG, Singapore -  Scientists created a robot that can identify the parts and positions of an IKEA hardwood chair and figure out how to best to assemble it in just 8 mins and 55 seconds.

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via Robot assembles IKEA hardwood chair all by itself

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via

Coal India to offer 45 mt for stressed power Gencos

KOLKATA: Coal India has drawn up a special forward e-auction calendar for 2018-19 under which it would be offering 45 million tonnes of coal for power companies that do not have regular coal supply contracts with the coal company.

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via Coal India to offer 45 mt for stressed power Gencos

Time to look at below-par sectors with positive triggers: Jimeet Modi

Karnataka election a big known unknown, says Jimeet Modi, CEO and Founder, Samco Securities, and the market will be in range till the results are out. Going forward, IT and FMCG remain his favourites, he disclosed this during an interaction with ET Now.

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via Time to look at below-par sectors with positive triggers: Jimeet Modi

Japan-based Komori eyes Rs 200 crore business in India

NEW DELHI: Tokyo-based Komori Corporation the second largest manufacturer of printing presses in the world -- is aiming for over Rs 200 crore business in India this year, top company executives said here on Friday.

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via Japan-based Komori eyes Rs 200 crore business in India

Maharashtra software couple chucks Rs 30 lakh pay packet to open 'tea shop'

NAGPUR: This is one couple who decided to give up the comfort zone of fat-pay packets, Rs 30 lakh annualy between them to venture into an unknown realm - starting a tea shop The duo - Nitin V Biyani, 36 and wife Pooja, 34 - embarked on their journey after considerable thought and intellectual inputs

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via Maharashtra software couple chucks Rs 30 lakh pay packet to open 'tea shop'

Paytm sees 3-fold jump in gold sales on Akshaya Tritiya

Maximum sales were reported in Bengaluru, Delhi NCR, Hyderabad, Mumbai and Kolkata. Over 1.5 million customers transacted 20 kg of gold items, mainly 24 carat gold coins, on its platform on the Akshaya Tritiya day this year, compared with 6.

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via Paytm sees 3-fold jump in gold sales on Akshaya Tritiya

We have the levers & confidence to be focussed on our preferred band: V Ramakrishnan

Talking to ET Now, V Ramakrishnan, CFO, and Ajoyendra Mukherjee, EVP and Head Global HR, TCS, discuss why digital business will keep growing and how automation will bring a structural change. ET Now: Q4 has been a slow quarter historically, but this time there has been a big sequential jump in Q4.

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via We have the levers & confidence to be focussed on our preferred band: V Ramakrishnan

We don't buy into RBI's Goldilocks economy thesis: Andrew Holland, CEO, Avendus Capital Alternate Strategies

PSU banks are a tough nut to crack, given the kind of uncertainties that are dogging them, says Andrew Holland, CEO, Avendus Capital Alternate Strategies. He sees 67 as the likely near-term target for the rupee in a scenario of pricey oil. He spoke to ET Now.

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via We don't buy into RBI's Goldilocks economy thesis: Andrew Holland, CEO, Avendus Capital Alternate Strategies

Might look at raising bid for Fortis after due diligence: Abhay Soi, Radiant Life

Talking to ETNow, Abhay Soi, CMD, Radiant Life, says legal and regulatory issues may force them to back out of the Fortis bid. Edited Excerpts: ET Now: Outline to us your interest in Fortis? Abhay Soi: Well I think it has a great bunch of assets and it is a great management.

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via Might look at raising bid for Fortis after due diligence: Abhay Soi, Radiant Life

Provisions made in quarters after DeMo seeing recoveries: Romesh Sobti

Talking to ET Now, Romesh Sobti, MD & CEO, IndusInd Bank, says the lender’s macro finance book is performing in a robust manner. Edited excerpts:

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via Provisions made in quarters after DeMo seeing recoveries: Romesh Sobti

If oil prices head north, Indian economy will be under great pressure: Jahangir Aziz

Jahangir Aziz: It would be an understatement given that the vast majority of the MPC members had views quite contradictory to the language and tone of the monetary policy review. Also, I believe we were probably more surprised by the policy review than by the minutes of the MPC meeting.

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via If oil prices head north, Indian economy will be under great pressure: Jahangir Aziz

Banking on digital business to improve our margins: Rajesh Gopinathan, TCS

In an interview with ET Now, Rajesh Gopinathan, CEO & MD, TCS and NG Subramaniam, COO & ED talk about company's future trajectory.

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via Banking on digital business to improve our margins: Rajesh Gopinathan, TCS

TCS is focussed on getting back to double-digit growth: Subramaniam

India's IT behemoth is at the start of a digital investment cycle. Bottoming out of the BFSI pain is also good news for the software major. Rajesh Gopinathan, CEO & MD, TCS, and N G Subramaniam, COO & ED, spoke about this and much more during an interview with ET Now.

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via TCS is focussed on getting back to double-digit growth: Subramaniam

AI researchers are making more than $1 million, even at a nonprofit

SAN FRANCISCO: One of the poorest-kept secrets in Silicon Valley has been the huge salaries and bonuses that experts in artificial intelligence can command. Now, a little-noticed tax filing by a research lab called Open AI has made some of those eye-popping figures public.

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via AI researchers are making more than $1 million, even at a nonprofit

These technologies from IIT-D have potential to become big businesses

Startups incubated at the Indian Institute of Technol og y, Delhi ’s Technology Business Incubator (TBI) could be the future IBMs of the world, says its director, V Ramgopal Rao. Currently, the institute harbours about 20 startups at its Foundation for Innovative and Technology Transfer (FITT).

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via These technologies from IIT-D have potential to become big businesses

Ultratech commissions greenfield plant in Manawar in record time and cost

Mumbai: Ultratech commissioned its greenfield clinker plant at Manawar in Madhya Pradesh as it aims to tap into the rising demand for cement in the state. The 3.5 MTPA plant has been commissioned in less than a year and has been set up at a cost of $90/tonne- the lowest globally.

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via Ultratech commissions greenfield plant in Manawar in record time and cost

China's bicycle sharing firm ofo gets over 1.1 million orders in India

BEIJING: Chinese bicycle-sharing company, ofo has received more than 1.1 million orders in India in the first quarter of 2018, the company said, adding that India needs more such environmentally-friendly public transport solutions.

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via China's bicycle sharing firm ofo gets over 1.1 million orders in India

Shilpa Shetty Kundra invests $250,000 in mom and baby care startup Mamaearth

MUMBAI: Mom and baby care consumer startup Mamaearth has raised $250,000 (about Rs 1.6 crore) from actor and entrepreneur Shilpa Shetty Kundra. Mamaearth is backed by consumer-focussed ventue capital firm Fireside Ventures and offers natural, toxin-free products for mother and baby care.

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via Shilpa Shetty Kundra invests $250,000 in mom and baby care startup Mamaearth

Thyssenkrupp announces that they will be producing cold-rolled grain oriented electrical steel in India

KOLKATA: German steel major Thyssenkrupp on Thursday announced that they will be producing cold-rolled grain oriented (CRGO) electrical steel for the first time in India. The company is the only manufacturer of CRGO in the country presently.

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via Thyssenkrupp announces that they will be producing cold-rolled grain oriented electrical steel in India

Thyssenkrupp: JV with Tata Steel to be finalised by 2018-end

German steel giant Thyssenkrupp expects its proposed joint venture with Tata Steel Europe to be finalised by the end of this calendar year, a senior company official said here today.

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via Thyssenkrupp: JV with Tata Steel to be finalised by 2018-end

This sector has the potential to be a multi-year story: Anshul Saigal, Kotak Mahindra AMC

Talking to ET Now, Anshul Saigal, Kotak Mahindra AMC, says in consumption-related businesses, one would not have to worry about near-term volatility or demand-supply patterns in the short term but worry about three-five years and then make bets here.

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via This sector has the potential to be a multi-year story: Anshul Saigal, Kotak Mahindra AMC

NCLT rules second round of bids for Essar Steel invalid

The Ahmedabad bench of the National Company Law Tribunal (NCLT) today said invitation of second round of bids for bankrupt Essar Steel was invalid. It said the resolution professional had not followed due procedure.

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via NCLT rules second round of bids for Essar Steel invalid

Food companies are safe stocks to buy unless you are speculating: Sunil Alagh

In an interview with ET Now, Sunil Alagh, Chairman, SKA Advisors, says it is an election year and Mr Modi is bound to make it work. He sees a big boost in the second half. Edited excerpts: Pro-growth stance and the sops from the government are a sure shot recipe for strong rural demand.

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via Food companies are safe stocks to buy unless you are speculating: Sunil Alagh

Sanjay Manyal is betting on these FMCG counters

In an interview with ET Now, Sanjay Manyal, Senior Research Analyst, ICIC Securities says that sales growth for FMCG companies will be volume driven than price.

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via Sanjay Manyal is betting on these FMCG counters

Fortis bid: This is an offer nobody can refuse, says SK Munjal

Talking to ETNow, SK Munjal, Joint MD, Hero MotoCorp talks about the revised bid for Fortis Healthcare and how it is an offer difficult to refuse. Hero Motocorp and Dabur have revised their bid for Fortis Healthcare. What are the changes you have made in the offer?

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via Fortis bid: This is an offer nobody can refuse, says SK Munjal

How to Make a Cutting Board

For our next Mother’s Day project idea, we are going to make a gift that all mothers would love to have…… a custom hand built cutting board.  I’ve been making cutting boards for quite a few years now and every board I make is unique.

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via How to Make a Cutting Board

HDFC Life has been focussing on innovations: Vibha Padalkar

Talking to ET Now, Vibha Padalkar, Exec Director-CFO, HDFC Life, says a lot of new products, especially in the deferred annuity and the pension space have been introduced.

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via HDFC Life has been focussing on innovations: Vibha Padalkar

Big action seen in 6-12 months as profit, economy and credit cycles catch up: Madhav Dhar, GTI Capital

In an interview with ET Now, Madhav Dhar, Managing Partner, GTI Capital, says that there is not enough pain in market for a meaningful upmove. For the market to go higher at 22 times earnings, either more fear or tremendous positive impetus is needed and both are absent.

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via Big action seen in 6-12 months as profit, economy and credit cycles catch up: Madhav Dhar, GTI Capital

Reliance Infra debuts in railway space, bags EPC contract

MUMBAI: Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Constr

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via Reliance Infra debuts in railway space, bags EPC contract

Bullish on India recovery, Mirae’s Rahul Chadha bets contra on this sector

In an interview with ET Now, Rahul Chadha, Co-CIO, Mirae Asset Global, expects earnings recovery to be strong with normal GDP pick up. And yes, he is betting contra on telecom. Despite a lot of negative news flows, Indian markets are still in the green.

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via Bullish on India recovery, Mirae’s Rahul Chadha bets contra on this sector

Chai Point raises $20 million in series C round led by Paragon Partners

MUMBAI: Organised tea firm Chai Point has raised $20 million in latest funding round led by private equity firm Paragon Partners. The series C round also saw participation from all its existing investors including Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG Consumer partners.

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via Chai Point raises $20 million in series C round led by Paragon Partners

AkzoNobel shows updated 2018 color trends for wood coatings

HIGH POINT, N.C. -- AkzoNobel experts on wood coatings design are presenting a newly updated exhibit on color and styling trends at the Spring 2018 High Point International Home Furnishings Market.

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via AkzoNobel shows updated 2018 color trends for wood coatings

PROJECT: Patio Garden Cart

Flowers, veggies and herbs will thrive in this mobile cart. Made from cedar, it can be built in a weekend. This easy-to-build patio cart will get your garden started early.

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via PROJECT: Patio Garden Cart

Focusing on high governance, low leverage in large midcap space: Anshul Mishra, Union AMC

Talking to ET Now, Anshul Mishra, Equity Fund Manager, Union AMC says he is overweight on retail oriented private sector banks and has avoided public sector banks.

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via Focusing on high governance, low leverage in large midcap space: Anshul Mishra, Union AMC

Uber Eats mobile food delivery app launched in Kolkata

Uber Eats, a mobile app, was launched in the city today enabling the gourmet to order food from 250 favourite eating joints on the click of a button. Kolkata is the 11th city in the country to get this facility.

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via Uber Eats mobile food delivery app launched in Kolkata

Uber doubling down on India investments after exiting SE Asia

NEW DELHI: Ride-hailing giant Uber Technologies Inc is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday. India accounts for more than 10 percent of Uber rides globally and the U.S.

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via Uber doubling down on India investments after exiting SE Asia

Hold off buying corporate and PSU banks till results are out: Chakri Lokapriya

Talking to ET Now, Chakri Lokapriya, CIO & MD, TCG AMC, says the list will contain SBI, Union Bank, Canara Bank among the PSUs and ICICI and Axis on the private side. But remember, Axis and ICICI also have management issues.

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via Hold off buying corporate and PSU banks till results are out: Chakri Lokapriya

You can’t have a silent board, it must lead from the front: M Damodaran

Talking to ET Now, M Damodaran, Ex-Chairman, Sebi, says the job of the board is not to support the management, it is to challenge the management.

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via You can’t have a silent board, it must lead from the front: M Damodaran

Flows and sentiment bringing rupee down: Jamal Mecklai

Talking to ETNow, Jamal Mecklai, CEO, Mecklai Financial Services talks about the recent downturn in rupee and also his views on the market volatility. We are seeing a weakness in the rupee. On the other hand, there is news flowing about cash crunch in different pockets of the country.

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via Flows and sentiment bringing rupee down: Jamal Mecklai

We have delivered 11-12% growth while the market has grown 6-8%: Mathew Job, CG Consumer Electricals

Talking to ET Now, Mathew Job, CEO, Crompton Greaves Consumer Electricals, says the company is using consumer insight to launch successful products. We understand that the strategy for differentiated products in air coolers and water heaters will be implemented in the near term.

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via We have delivered 11-12% growth while the market has grown 6-8%: Mathew Job, CG Consumer Electricals

Why Neeraj Dewan continues to bet on midcap stocks

In an interview with ET Now, Neera Deewan of Quantum Securities talks about the reasons that led to market recovery, the rural theme and three midcap stock picks. Edited excerpts:

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via Why Neeraj Dewan continues to bet on midcap stocks

Peak traffic hours in 4 Indian cities costing $22 billion a year: Uber

NEW DELHI: The top four Indian cities are today 149 per cent more congested than comparable cities in Asia and the country is losing over $22 billion a year in peak traffic hours compared to travel time during non-peak hours in those cities, an Uber-commissioned study revealed on Wednesday.

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via Peak traffic hours in 4 Indian cities costing $22 billion a year: Uber

Alibaba confirms developing self-driving vehicles

BEIJING: Chinese e-commerce giant Alibaba Group has confirmed that it has been working on autonomous driving technology, the China Daily reported on Wednesday.

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via Alibaba confirms developing self-driving vehicles