Friday, 23 June 2017

Practo, the health startup, is being investigated for supposed tax evasion


BENGALURU: Practo, the healthcare startup, is supposedly being investigated by the authorities to look into whether it has evaded tax through a cross-border corporate restructuring. The company has been summoned to explain the discrepancies between the different valuations.

You can read more here: Practo, the health startup, is being investigated for supposed tax evasion

Hindustan Zinc to sign agreement with Udaipur Smart City Limited for 40 mn litres Sewage Treatment Plant




You can read more here: Hindustan Zinc to sign agreement with Udaipur Smart City Limited for 40 mn litres Sewage Treatment Plant

Affordable housing finance space to grow to Rs 6 lakh crore in next five years


MUMBAI: The affordable housing finance segment is likely to grow to Rs 6 trillion in size in the next four years from Rs 1.5 trillion now, India Ratings said today. This will make the segment a major contributor to the overall housing finance activity.

You can read more here: Affordable housing finance space to grow to Rs 6 lakh crore in next five years

BASF Invests Heavily in U.S. Chemical Projects


SUGAR LAND--June 15, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--President Donald Trump took aim at Germany last month, tweeting that the U.S. trade deficit with Germany was "very bad for the U.S.

You can read more here: BASF Invests Heavily in U.S. Chemical Projects

Insolvency proceedings for stressed accounts may lead to consolidation in the steel sector


KOLKATA: Insolvency proceedings for stressed accounts may lead to consolidation in the steel sector. This could prompt stronger steel players with healthy financial profile to bid for these assets at attractive valuations and increase their market share, according to ratings agency, ICRA.

You can read more here: Insolvency proceedings for stressed accounts may lead to consolidation in the steel sector

Not big bang but gradual reforms have worked for India: Joshi


DK Joshi, Director & Chief Economist of CRISIL says big bag reforms are only a myth. India’s policy focus is more on raising the potential and trend rate of growth rather than pushing the cycle up, he adds. Excerpts from his interview to Mythili Bhusnurmath, Consulting Editor, ETNow.

You can read more here: Not big bang but gradual reforms have worked for India: Joshi

Debt-heavy stocks are high risk, high reward bets: Sandeep Shah


Sandeep Shah, Associate Director, Motilal Oswal Private Wealth Management, says very few IT companies will be able to adapt to the new environment of automation and digital and those stocks will make money. Excerpts from an interview with ETNow.

You can read more here: Debt-heavy stocks are high risk, high reward bets: Sandeep Shah

LetsVenture to make larger bets


BENGALURU: Early stage investment fund LetsVenture will now enable pre-series A and series A, B deals, and has brought on board Farooq Oomerbhoy to lead the initiative.

You can read more here: LetsVenture to make larger bets

Domestic non-ferrous metal companies likely to post improved business returns in FY18


KOLKATA: Domestic non-ferrous metal companies are likely to post improved business returns in FY18 compared to FY17 with current buoyancy in metal sales realisation expected to hold steady during the remaining part of the year, ICRA research has said.

You can read more here: Domestic non-ferrous metal companies likely to post improved business returns in FY18

Avoid JP & ilk if you can’t afford 15-20% loss in a day: Sharma


Independent market expert Pankaj Sharma analysed IT, pharma and Tata group stocks and discussed the potential impact of GST in an interview with ETNow. Excerpts:

You can read more here: Avoid JP & ilk if you can’t afford 15-20% loss in a day: Sharma

Oversubscription in IPOs does not help post-listing show: Jalan


Sumit Jalan, MD of Credit Suisse, says the post-listing performance of an IPI actually draws the distinction between hot money and high-quality money getting into it. Excerpts from an interview with ETNow.

You can read more here: Oversubscription in IPOs does not help post-listing show: Jalan

Thursday, 22 June 2017

New tax regime to create need for 1.3 mn professionals, India Inc rush to get GST math right


MUMBAI: GST has infused optimism in the job market. As the goods and services tax rollout date nears, companies across sectors are rushing to get their GST teams in place, leading to a jump in demand for tax and technology professionals.

You can read more here: New tax regime to create need for 1.3 mn professionals, India Inc rush to get GST math right

Telecom to banking, most services to be costlier with GST


NEW DELHI: For some days now, several service providers — from insurance and banking to telecom and hotels — have been sending emailers to customers warning of a GST-driven increase in prices starting July 1.

You can read more here: Telecom to banking, most services to be costlier with GST

Consumer-facing firms selling cars, electronics will be GST-ready only by mid-July


Consumer-facing companies selling groceries, medicines, cars and electronics could be ready for the new goods and services tax regime only by mid-July as a significant part of their ecosystem — dealers, wholesalers and retail stores — still lack basic IT infrastructure and licences for the trans

You can read more here: Consumer-facing firms selling cars, electronics will be GST-ready only by mid-July

Nobody is perfect: Some Uber employees balk at ouster of Kalanick


Uber and its investors are facing a backlash over Travis Kalanick's departure as chief executive — particularly from employees. Starting late Wednesday, Uber employees circulated a petition asking the company's board of directors to bring back Kalanick in an active role.

You can read more here: Nobody is perfect: Some Uber employees balk at ouster of Kalanick

Waymo hires ex-Tesla engineer to lead self-driving hardware


Waymo has hired Satish Jeyachandran, Tesla Inc.'s former director of hardware engineering, as the mobility division created by Google parent Alphabet Inc. moves closer to commercializing its self-driving vehicle technology.

You can read more here: Waymo hires ex-Tesla engineer to lead self-driving hardware

Indian GST is significantly unique, but is it better?


With the deadline of July 1 approaching, the GST regulation in India has started to take shape by finalisation of law and rules. This has been a long journey of over 17 years which began with the intent of unification of indirect tax regime in the country.

You can read more here: Indian GST is significantly unique, but is it better?

Cleartrip now speaks Arabic


BENGALURU: Online travel agency Cleartrip has launched an Arabic website to target natives in West Asia as part of a plan to increase its market share to more than 70% in the region.

You can read more here: Cleartrip now speaks Arabic

Myntra will give you cashback if you opt for delayed delivery


BENGALURU: Online fashion store Myntra will offer cashback to customers who opt for delayed delivery of items bought during the upcoming 'End of Reason Sale'. Myntra's 'End of Reason Sale' (EORS) will run from June 24 through 26.

You can read more here: Myntra will give you cashback if you opt for delayed delivery

RxPrism to set up hub in London


PUNE: RxPrism Health Systems, a customer engagement firm focusing on the healthcare sector, will be setting up an innovation hub in London with an investment of $2 million.

You can read more here: RxPrism to set up hub in London

Startups speak your lingo as mobiles learn your language


HYDERABAD: Startups, which are gearing up to facilitate the support of 22 Indian languages on mobile phones, are cranking up their efforts a notch higher to localise websites and enterprise software as well.

You can read more here: Startups speak your lingo as mobiles learn your language

'Real broadband is still an illusion for many in India'


"Real broadband" is still an illusion for people in many parts of the country, said Ajay Sawhney , who has been appointed secretary to the ministry of electronics and IT.

You can read more here: 'Real broadband is still an illusion for many in India'

Biometrics, e-mandate and bigger transfers in UPI 2.0


BENGALURU: Almost a year after the unified payment interface (UPI) was launched, and having grown 100X in transaction volumes since then, the payments platform is set for a major upgrade. The National Payment Corporation of India (NPCI) is expected to release the new specifications for UPI 2.

You can read more here: Biometrics, e-mandate and bigger transfers in UPI 2.0

PremjiInvest writes to Snapdeal again for sale clarity


NEW DELHI | BENGALURU: Personal investment arm of Azim Premji wants to know how rights of minority shareholders will be protected in the event of the sale being finalised PremjiInvest, the personal investment arm of Wipro chairman Azim Premji that owns a minor stake in online marketplace Snapdeal

You can read more here: PremjiInvest writes to Snapdeal again for sale clarity

Palliser Furniture to acquire Casana casegoods


WINNIPEG, Manitoba -  Palliser Furniture Holdings Ltd. announced it has reached an agreement to purchase casegoods supplier Casana Furniture Co. Ltd., effective June 30. The acquisition will make Palliser the largest home furnishings manufacturer/supplier in Canada.

You can read more here: Palliser Furniture to acquire Casana casegoods

Uber hires law firm to probe how it handled India rape case


SAN FRANCISCO| NEW DELHI: Uber Technologies has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014.

You can read more here: Uber hires law firm to probe how it handled India rape case

State Bank of India gets mandate to take three steel companies to bankruptcy court


MUMBAI: State Bank of India, the country’s biggest bank, has been authorised to refer Essar Steel, Bhushan Steel and Electrosteel to the bankruptcy court raising the possibility that some of these companies could be merged in an effort to return them to health.

You can read more here: State Bank of India gets mandate to take three steel companies to bankruptcy court

Bosch Wants You To Jig Saw Nails?


Skip to main content Furniture By June 22, 2017 | 2:21 am EDT Print   Do you like to cut into wood full of metal with reckless abandon?   Do you forget your backups and only bring one blade to a job site?   Do you just wish your jig saw blades lasted longer?   Well Bosch cl

You can read more here: Bosch Wants You To Jig Saw Nails?

WhatsApp in talks with SBI and NPCI for payments via UPI


Messaging application WhatsApp has initiated discussions with Indian banks and other institutions to allow its users to make payments via United Payments Interface (UPI), which facilitates instant fund transfer between two bank accounts on the mobile platform.

You can read more here: WhatsApp in talks with SBI and NPCI for payments via UPI

Online lending startup LoanTap raises $4 million


Online lending startup LoanTap has raised $4 million from Kae Capital, India Quotient, IFMR and MAS Finance along with other angel investors, in a round that saw a mix of equity and debt instruments.

You can read more here: Online lending startup LoanTap raises $4 million

OneAssist raises Rs 118 crore in Series C


OneAssist Consumer Solutions – which provides protection for credit cards, smartphones and payment cards in case of loss or theft – has raised Rs 118 crore ($18 million) in its series-C round of financing, as per documents filed with the Registrar of Companies.

You can read more here: OneAssist raises Rs 118 crore in Series C

How 8 students helped Byju Raveendran build his multi-crore edtech business


Pravin Prakash was warned enough to refrain from addressing Byju Raveendran as ‘sir’ at a presser in Bengaluru last month. Byju’s, the edtech startup, was announcing an update to its learning app and Prakash was tasked with introducing Raveendran. Prakash found the diktat tough to follow.

You can read more here: How 8 students helped Byju Raveendran build his multi-crore edtech business

Woodworker’s Journal – July/August 2017


Find projects for your home, your shop and your summer excursions in the July/August issue of Woodworker’s Journal. A Prairie Style Box and an Odds and Ends Cabinet can both fulfill a variety of functions, while our Picnic Basket — with wheels! – is ready to hit the road.

You can read more here: Woodworker’s Journal – July/August 2017

July/August 2017 Issue Preview


Find projects for your home, your shop and your summer excursions in the July/August issue of Woodworker’s Journal. A Prairie Style Box and an Odds and Ends Cabinet can both fulfill a variety of functions, while our Picnic Basket — with wheels! – is ready to hit the road.

You can read more here: July/August 2017 Issue Preview

July/August 2017 What’s in Store Round-up


Whirlpool Gladiator GarageWorks EZ Connect Rack Shelving MicroJig MatchFit Dado Stop Cutting Half-Laps: Crosscutting: Magically Mother of Pearl and Crystal Calcite Mother of Pearl: Crystal Calcite:

You can read more here: July/August 2017 What’s in Store Round-up

Tata Steel’s Noamundi iron mine bags 'Most Innovative Environmental Project Award' in Biodivesity category


KOLKATA: Tata Steel’s Noamundi iron mine has bagged the 'Most Innovative Environmental Project Award' in Biodivesity category under the theme of "GREEN makes business sense", at the 6th GreenCO Summit organised by Confederation of Indian Industries (CII) in Pune on June 21, 2017.

You can read more here: Tata Steel’s Noamundi iron mine bags 'Most Innovative Environmental Project Award' in Biodivesity category

Dewan Housing, Tata Motors, Asian Paints are my big bets: Avinnash Gorakssakar


ET Now: Tata Power is a story that we are following right now. What do you make of this dispute? Avinnash Gorakssakar: This is going to take a long time.

You can read more here: Dewan Housing, Tata Motors, Asian Paints are my big bets: Avinnash Gorakssakar

Market to give modest returns from here on: Anish Tawakley


Anish Tawakley, Head of Research at ICICI Prudential AMC, said a pause in the market is not unjustified at this stage. In an interview with ETNow, he said one should expect relatively more modest returns from here on as long as the economy remains sluggish.

You can read more here: Market to give modest returns from here on: Anish Tawakley

Tally Solutions launches GST compliance software


NEW DELHI: While the government races to meet its July 1 deadline of rolling out the Goods and Services Tax (GST), the confusion regarding the myriad changes the overhaul would necessitate has not abated.

You can read more here: Tally Solutions launches GST compliance software

For Uber's Travis Kalanick, wrong turns led to a forced exit


Travis Kalanick’s final hours as Uber’s chief executive played out in a private room in a downtown Chicago hotel Tuesday. There, Kalanick, who was on a trip to interview executive candidates for Uber, was paid a surprise visit.

You can read more here: For Uber's Travis Kalanick, wrong turns led to a forced exit

Beware! IPOs can ditch in a bullish market: Rajen Shah


Rajen Shah, Chief Investment Adviser, Tradebulls, discussed the debt-heavy stocks, aviation stocks and IPOs in an interview with ETNow. Excerpts: ET Now: Jaiprakash Associates has risen from Rs 8 to Rs 15 and that is not just true for JP, but true for a lot of other debt-laden companies.

You can read more here: Beware! IPOs can ditch in a bullish market: Rajen Shah

ftcash to hire 500 new employees in next 18 months


NEW DELHI: Financial technology firm ftcash has announced its plans to hire around 500 people across verticals in the next 18 months.

You can read more here: ftcash to hire 500 new employees in next 18 months

​ Market share story playing out for PSU banks now: Tibrewal


Pankaj Tibrewal, SVP & Fund Manager for Equities at Kotak Mutual Fund, says he is positive on retail-oriented NBFCs but very cautious on certain names where valuations have become frothy. Excerpt from an interview with ETNow.

You can read more here: ​ Market share story playing out for PSU banks now: Tibrewal

Nissan plans driverless ride-hailing service to beat off startup competition


TOKYO: Nissan Motor Co Ltd on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services.

You can read more here: Nissan plans driverless ride-hailing service to beat off startup competition

ECO Rent A Car starts operations across 50 countries


NEW DELHI: Ground transportation service provider ECO Rent A Car has commenced car rental service at 550 locations across 50 countries.

You can read more here: ECO Rent A Car starts operations across 50 countries

HCL, Infosys, TechM good stocks to buy for long-term investors: Nangra


Sarabjit Kour Nangra of Angel Broking says given the challenges for the IT industry, Nasscom’s 7-8 per cent growth projection looks decent. Excerpts from an interview with ETNow.

You can read more here: HCL, Infosys, TechM good stocks to buy for long-term investors: Nangra

Once liquidity bubble ends, lot of negatives will haunt us: Holland


Andrew Holland , CEO, Avendus Capital Alternate Strategies, says the market has been ignoring the negatives because we are in a liquidity-driven market. Excerpts:

You can read more here: Once liquidity bubble ends, lot of negatives will haunt us: Holland

Why people think this woman can fix the sexist bro culture at Uber


NEW DELHI: Uber CEO Travis Kalanick's unceremonious ouster due to scandals and toxic work culture leaves the company board with a limited choice to find his replacement—someone who is seen as humane and morally upright.

You can read more here: Why people think this woman can fix the sexist bro culture at Uber

GST impact to be neutral in short term: Abhijit Bhave, Karvy Private Wealth


Abhijit Bhave, CEO, Karvy Private Wealth believes that the overall impact of GST on various sectors would be neutral in the short term, with some teething troubles initially. Excerpt from an interview: How do you view the rather dovish tone of RBI in its policy statement?

You can read more here: GST impact to be neutral in short term: Abhijit Bhave, Karvy Private Wealth

GST effect: AC, first class train fares to go up marginally


NEW DELHI: With the Goods and Services Tax (GST) coming into effect from July 1, train passengers will have to pay a bit more to travel AC and first class. Service tax on ticket charges is set to hike from 4.5 per cent to 5 per cent after the GST implementation.

You can read more here: GST effect: AC, first class train fares to go up marginally

Wednesday, 21 June 2017

Fintech startup Kissht raises $2 million from early-stage tech fund


NEW DELHI: Fintech startup Kissht has raised $2 million from early-stage technology-focused fund Endiya Partners and Ventureast. Kissht is also in the process of raising its series-B round of investment.

You can read more here: Fintech startup Kissht raises $2 million from early-stage tech fund

Sean Blagsvedt, Vir Kashyap will quit combined Quikr-Babajob entity


BENGALURU: Sean Blagsvedt and Vir Kashyap, founders of job listing company Babajob Services which has been acquired by online classifieds portal Quikr, have said they will continue as advisors in the combined entity.

You can read more here: Sean Blagsvedt, Vir Kashyap will quit combined Quikr-Babajob entity

Julia Computing raises $4.6 million in funding


BENGALURU: Computing, the company founded by the creators of open-source programming language Julia, has raised $4.6 million (about Rs 30.6 crore) from US-based General Catalyst and Founder Collective. It plans to use the money to accelerate product development.

You can read more here: Julia Computing raises $4.6 million in funding

SAIF Partners to raise $350 million for third India-dedicated fund


BENGALURU: Venture capital firm SAIF Partners, an early investor in digital payments and mobile wallet player Paytm, is raising its third India-dedicated fund of $350 million, according to a filing made with US markets regulator Securities and Exchange Commission.

You can read more here: SAIF Partners to raise $350 million for third India-dedicated fund

How Hema Murthy taught your smartphone Indian languages


BENGALURU: If you are using an Indus OS-based smartphone in India, chances are that you will be able to convert text-to-speech (TTS) in a native Indian language with the click of a button.

You can read more here: How Hema Murthy taught your smartphone Indian languages

Will Uber pull brakes on India with 'brilliant jerk' Travis Kalanick's exit?


BENGALURU/NEW DELHI: A “brilliant jerk“ is how one of the employees at Uber's India operations describes Travis Kalanick, who resigned as CEO of the San Francisco-based cab-hailing company earlier on Wednesday.

You can read more here: Will Uber pull brakes on India with 'brilliant jerk' Travis Kalanick's exit?

Building a Mini Tabletop Workbench


Watch artist/designer/maker Laura Kampf as she builds a Mini Tabletop Workbench, a great mobile work surface for any shop. Step-by-step instructions to build this project are featured in the July/August 2017 issue of Woodworker’s Journal.

You can read more here: Building a Mini Tabletop Workbench

Box Joint Jig Roundup


Chris Marshall takes a quick look at five different store-bought options for cutting box joints if you don’t want to make your own or want something a little more versatile.

You can read more here: Box Joint Jig Roundup

Uber saga shows investors’ growing role in startups


MUMBAI | BENGALURU: The abrupt resignation of Travis Kalanick as Uber’s CEO under pressure from investors has focused the spotlight on the role of the governing boards of Internet companies in India as well.

You can read more here: Uber saga shows investors’ growing role in startups

How to Make Zero Clearance Throatplates


Reduce tearout on wide cuts by making a zero clearance throat plate for your table saw. They’re easy to make and a handy addition to your shop’s table saw. Chris Marshall explains why and how to make one.

You can read more here: How to Make Zero Clearance Throatplates

Options for Adding Drawer Dividers


Do you have a bunch of small parts, odds and ends in your workshop that could use some organization? Chris Marshall offers a few options for creating some drawers with divided compartments.

You can read more here: Options for Adding Drawer Dividers

Making a Spoon with Two-Axis Woodturning


Ernie Conover demonstrates his method for two-axis woodtruning, using faceplate and spindle turning to create a spoon.

You can read more here: Making a Spoon with Two-Axis Woodturning

Woodworker’s Journal – July/August 2017 Issue Preview


Find projects for your home, your shop and your summer excursions in the July/August issue of Woodworker’s Journal. A Prairie Style Box and an Odds and Ends Cabinet can both fulfill a variety of functions, while our Picnic Basket — with wheels! – is ready to hit the road.

You can read more here: Woodworker’s Journal – July/August 2017 Issue Preview

GST impact to be neutral in short term: Abhijit Bhave, Karvy Private Wealth


Abhijit Bhave, CEO, Karvy Private Wealth believes that the overall impact of GST on various sectors would be neutral in the short term, with some teething troubles initially. Excerpt from an interview: How do you view the rather dovish tone of RBI in its policy statement?

You can read more here: GST impact to be neutral in short term: Abhijit Bhave, Karvy Private Wealth

Building Homes with Products Made in the USA


MILLS RIVER, N.C. – Made in the USA Day on July 2nd serves as the ideal time to focus on the benefits of constructing homes with Made in America products. According to the National Association of Manufacturers, there are 12.3 million manufacturing workers in the United States.

You can read more here: Building Homes with Products Made in the USA

Stance offers new drum table for intensive use environments


KITCHENER, Ontario – Stance Healthcare has launched Resilia, a new version of their drum table surfaced with Marmoleum. The launch was made before its showing at NeoCon. Resilia was designed for behavioral health facilities and was intended to be durable and easy to clean.

You can read more here: Stance offers new drum table for intensive use environments

Airlines stocks in for good times on crude cooloff, volume growth


Mayuresh Joshi, Fund Manager, Angel Broking, discussed aviation, Tata group, real estate stocks in an interview with ETNow. Excerpts ET Now: What does crude cooloff mean? Typically, one has seen the benefits for the aviation pack.

You can read more here: Airlines stocks in for good times on crude cooloff, volume growth

GST may lead to one quarter of earnings whitewash: Jinesh Gopani


Jinesh Gopani, Senior Fund Manager, Axis Mutual Fund, says there might be a time correction in the market for another quarter or a two because of the GST coming into play. Excerpts from an interview with ETNow.

You can read more here: GST may lead to one quarter of earnings whitewash: Jinesh Gopani

Digital commerce market estimated to touch Rs 220,330 crore by December 2017: IAMAI


NEW DELHI: The digital commerce market is estimated to touch Rs. 220,330 crore by December 2017, according to the Digital Commerce report 2016, published by the Internet and Mobile Association of India (IAMAI) and IMRB Kantar.

You can read more here: Digital commerce market estimated to touch Rs 220,330 crore by December 2017: IAMAI

RBI targeting 3% inflation is signal that rates will fall further: Anshu Kapoor


Anshu Kapoor, Head-Private Wealth Management, Edelweiss Broking, says interest rates have to go down structurally over the next six to 12 months given the macro-economic dispensation India has arrived at. Excerpts from his interview to Mythili Bhusnurmath, Consulting Editor, ETNow.

You can read more here: RBI targeting 3% inflation is signal that rates will fall further: Anshu Kapoor

Demonetisation is concerning more the currency area of the bank: SS Mundra, RBI, Deputy governor


In the massive cleanup against bad loans, you have identified 12 cases to begin with it has been referred to the IBC my question really is what kind of resolution are you expecting on this front?

You can read more here: Demonetisation is concerning more the currency area of the bank: SS Mundra, RBI, Deputy governor

Coalesse embraces creativity and expression at NeoCon


CHICAGO -- Coalesse showed new design-driven products to celebrate creative work and expression at NeoCon 2017.

You can read more here: Coalesse embraces creativity and expression at NeoCon

A timeline of Uber CEO Travis Kalanick's bumpy ride


NEW DELHI: After trying hard to contain the damage caused by countless allegations of sexism, malpractices and his own behavioural problems, Uber CEO Travis Kalanick was forced to step down by the global ride-hailing company's investors on Wednesday.

You can read more here: A timeline of Uber CEO Travis Kalanick's bumpy ride

Agri, rural top themes to play in this market: Nitasha Shankar


In an interview with ETNow, Nitasha Shankar, Head – Research at YES Securities, shares her take on impact of crude glut on OMCs, banks' NPA action, market outlook and more. Edited excerpts:

You can read more here: Agri, rural top themes to play in this market: Nitasha Shankar

Paytm introduces zero cancellation-handling fees for flight tickets


NEW DELHI: Paytm has waived off cancellation-handling fee for flight tickets booked on its platform. Customers cancelling flight tickets booked on Paytm will only be charged a cancellation fee from their respective airline and no additional handling or processing fee.

You can read more here: Paytm introduces zero cancellation-handling fees for flight tickets

Fino Payments Bank board gets RBI approval, Rishi Gupta to be the bank’s MD & CEO


MUMBAI: Payments Bank licensee Fino Paytech has announced that it has received approval for a 9- member Board of Fino Payments Bank, from RBI. The regulator has also given its nod to appoint Rishi Gupta as the chief of the soon to be launched payments bank.

You can read more here: Fino Payments Bank board gets RBI approval, Rishi Gupta to be the bank’s MD & CEO

I am very positive on the FMCG space, GST is a positive for them: Mehraboon Irani, Market analyst


In an interview with ET Now, Mehraboon Irani of Nirmal Bang securities talks about aviation, pharma, FMCG stocks and more. We interacted with some experts about how it will be a full circle for the Tata Group going back to the aviation space.

You can read more here: I am very positive on the FMCG space, GST is a positive for them: Mehraboon Irani, Market analyst

Top wealth-creation ideas by Rajesh Agarwal of AUM Capital


In an interview with ETNow, Rajesh Agarwal, Head of Research at AUM Capital, talks about two of his top wealth-creation ideas. Edited excerpts: ET Now: Graphite India saw quite a rally coming. What is your rationale?

You can read more here: Top wealth-creation ideas by Rajesh Agarwal of AUM Capital

Courier cos say e-way bills defeat the GST spirit


MUMBAI: Express logistics players on Wednesday hit out against the e-way bills provision under GST, saying the extra paperwork and processes is contrary to the spirit of the tax reform and threatens the industry's survival.

You can read more here: Courier cos say e-way bills defeat the GST spirit

Here's the list of top executives quit Uber recently


Uber Technologies Inc Chief Executive Travis Kalanick resigned on Tuesday, following increasing pressure from investors over his leadership.

You can read more here: Here's the list of top executives quit Uber recently

GST: Government launches webpage to facilitate IT, electronic goods taxpayers


NEW DELHI: In order to ensure preparedness for the Goods and Services Tax (GST) roll-out from July 1, the Ministry of Electronics & Information Technology has launched a dedicated webpage for facilitating taxpayers with regard to addressing issues related to IT services and electronic goods.

You can read more here: GST: Government launches webpage to facilitate IT, electronic goods taxpayers

Filing GST Returns in India


The GST gets rolled-out on July 1, and will replace India's current system of indirect tax. In this article, we provide a brief description of the types of returns that will need to be filed once the goods and services tax is launched, and the various categories of tax payers recognized by the GST system.

The post Filing GST Returns in India appeared first on India Briefing News.

Honor 8 Pro coming to India in mid-July


Chinese smartphone major Huawei's much-awaited 6GB "Honor 8 Pro" is coming to India in mid-July and according to industry sources, the device will cost somewhere between Rs 32,000 to Rs 36,000.

SPML Infra bags orders worth Rs 642 crore


NEW DELHI: SPML Infra has received new orders of Rs 642 crore for irrigation projects, water supply scheme and power infrastructure development in various states. It received an order of Rs 500.14 crore from UND Irrigation Division, Jamnagar, Gujarat for water irrigation project, SAUNI Yojana.

You can read more here: SPML Infra bags orders worth Rs 642 crore

Here's why GST could fester into a messy swamp


Next month, the government will roll out its biggest tax reform aimed at bringing more people into the tax net, treating the country as one tax-administrated unit.

You can read more here: Here's why GST could fester into a messy swamp

Crude oil prices should remain soft in near term: David Lennox


David Lennox of Fat Prophets says crude output has been going up all year and it is only now that the market has taken note of it and prices crashed. Excerpts from an interview with ETNow.

You can read more here: Crude oil prices should remain soft in near term: David Lennox

We’ll retire debt first, then borrow to expand biz: GTPL Hathway COO


As the IPO of GTPL Hathway opens, COO Shaji Mathews explains the business matrix and the company’s plans going forward. Excerpts from an interview with ETNow.

You can read more here: We’ll retire debt first, then borrow to expand biz: GTPL Hathway COO

Tuesday, 20 June 2017

Gautam Mago resigns as MD of Sequoia Capital India


BENGALURU: Gautam Mago, a managing director at Sequoia Capital India, has put in his papers at the venture capital firm and will transition out of the role in the next few months.

You can read more here: Gautam Mago resigns as MD of Sequoia Capital India

Fashion ecommerce portal Fynd raises Rs 21 crore in Series A


MUMBAI: Fashion discovery and ecommerce portal Fynd has closed its series-A round at Rs 21 crore ($3.4 million). The round was led by IIFL Seed Ventures and saw participation from early investor Kae Capital along with Singularity Ventures, US-based Rocketship.vc and FJ Labs.

You can read more here: Fashion ecommerce portal Fynd raises Rs 21 crore in Series A

Innov8 looks to raise Rs 100 crore in series-A funds


NEW DELHI: Guerrilla Infra Solutions, which owns and operates the Innov8 brand of coworking spaces, has hit the market to raise about Rs 100 crore ($15 million) in series-A funds, two people aware of the development said.

You can read more here: Innov8 looks to raise Rs 100 crore in series-A funds

Digital payments triggered by demonetisation have declined: Report


While digital payments has become the buzzword post demonetisation, the hype seems to have died down when it comes to actual transactions.

You can read more here: Digital payments triggered by demonetisation have declined: Report

In metros, builders are holding on to rates: Vinay Sah


Vinay Sah, MD of LIC Housing Finance expects growth of 15-16 per cent this year for the company, but not necessarily from affordable housing.

You can read more here: In metros, builders are holding on to rates: Vinay Sah

Software service companies launch products to help SMEs get GST-ready


BENGALURU: Indian software service players catering to international customers have found a customer acquisition opportunity back home in the goods and services tax (GST) regime. They are launching a range of products and campaigns to help small and medium businesses (SMBs) get GSTready.

You can read more here: Software service companies launch products to help SMEs get GST-ready

Mark Zuckerberg, Bill Gates try opposite paths to education tech in India


Rushi Parmar lives in Keshod, a Western Indian town so small it has one park, a single-screen movie hall and no shopping mall.

You can read more here: Mark Zuckerberg, Bill Gates try opposite paths to education tech in India

How gaming startups like Games2win, Nazara Games are riding the Jio 4G wave


BENGALURU: If more people seem locked for hours into their smartphones recently, that's probably because they are playing digital cricket or poker or making seemingly impossible leaps at exotic locations -made feasible by a data pricing war triggered by Reliance Jio.

You can read more here: How gaming startups like Games2win, Nazara Games are riding the Jio 4G wave

Kathy Ireland line expands into commercial furniture with BBF


JAMESTOWN, N.Y. -- Bush Business Furniture has announced that Kathy Ireland Worldwide has expanded into the professional office with a pair of commercial furniture collections through a partnership with BBF. The new Echo and Method lines were displayed at NeoCon in Chicago.

You can read more here: Kathy Ireland line expands into commercial furniture with BBF

Eliminating cables, NuCraft embeds electronics into tables and casegoods


CHICAGO – The spaces in which we gather to work today are diverse and changing. At NeoCon 2017, Nucraft is inviting guests to experience the variety of unique and innovative solutions developed by Nucraft to help organizations thrive as they meet the challenges of change.

You can read more here: Eliminating cables, NuCraft embeds electronics into tables and casegoods

Power plants seek Coal India’s e-auction calendar


KOLKATA: Power plants holding longterm power purchase agreements with consumers have asked Coal India for a 12-month e-auction calendar, to help them plan operations better. But Coal India auctions depend on availability after making contracted supplies.

You can read more here: Power plants seek Coal India’s e-auction calendar

Check Us Out!


Sometimes a person gets so close to something that it kind of becomes invisible. For that reason I want to briefly call attention to what Woodworker’s Journal has to offer. You all know about the eZine.

You can read more here: Check Us Out!

Hike in talks with e-tailers for integrating its wallet solution


Instant messaging service Hike is in talks with some major ecommerce players and mobile applications, including Flipkart, Amazon, Ola, Uber and Zomato, for integrating its wallet solution as a payment option.

You can read more here: Hike in talks with e-tailers for integrating its wallet solution

Amazon India registers 225% net growth in sports products in 2016


BENGALURU: Leading e-tailer Amazon has witnessed a net growth of over 225 per cent on its sports category in 2016 as compared to the last fiscal, the company said in a statement on Tuesday.

You can read more here: Amazon India registers 225% net growth in sports products in 2016

Barriers for transition to cashless for MSMEs


A survey of over 1,700 consumers post demonetisation by consulting firm BCG indicated that a majority of the 50 odd MSMEs it surveyed indicated a preference for reverting to cash instead of migrating to digital mode as they faced several barriers which include lack of clarity on digital transacti

You can read more here: Barriers for transition to cashless for MSMEs

VIDEO: Weaving Sides on a Wooden Picnic Basket


Sandor Nagyszalanczy shows his process to cut and weave the interlaced sides of a traditional picnic basket.

You can read more here: VIDEO: Weaving Sides on a Wooden Picnic Basket

Can Fin, SpiceJet have more steam left: Deepak Shenoy


Deepak Shenoy, Founder, Capital Mind, shared his views on home finance and airlines stocks and Tata group firms in a chat with ETNow. Excerpts:

You can read more here: Can Fin, SpiceJet have more steam left: Deepak Shenoy

Real estate to witness a major shakeup in 2-3 years: V Srivatsa


V Srivatsa, EVP & Fund Manager (Equities) at UTI Mutual Fund, analyses the recent trends in aviation, real estate and PSU bank sectors. Excerpts from his interview with ETNow.

You can read more here: Real estate to witness a major shakeup in 2-3 years: V Srivatsa

VIDEO: Check Your Fire Extinguisher


Is your woodworking shop equipped with a fire extinguisher? Chris Marshall has some tips on buying, placing and keeping this critical piece of shop equipment maintained.

You can read more here: VIDEO: Check Your Fire Extinguisher

Banks agree to initiate corporate insolvency proceeding on Monnet Ispat


MUMBAI: Bankers and metals maker Monnet Ispat & Energy agreed on Tuesday to reorganise the company under the Insolvency and Bankruptcy Code after it defaulted on its Rs. 12,000 crore even as its equity valuation remained less than a 12th of its total obligations to banks.

You can read more here: Banks agree to initiate corporate insolvency proceeding on Monnet Ispat

Steel Minister rules out SAIL taking over Monnet Ispat


NEW DELHI: Amid speculations that public sector Steel Authority of India Ltd (SAIL) may take over debt-ridden Monnet Ispat & Energy Ltd, Steel Minister Chaudhary Birender Singh has ruled out any such possibility.

You can read more here: Steel Minister rules out SAIL taking over Monnet Ispat

Mahogany Grandfather Clock


I built this from plans around 1969 shortly after I got out of the Air Force. I didn’t have much money, at the time, so I went to the lumber yard to buy the wood needed to make the clock. I wanted walnut, which is my favorite wood, but it cost $66 at the time.

You can read more here: Mahogany Grandfather Clock

What Are My Scroll Saw Blade Options?


I just bought an Excalibur Scroll Saw (Model ex 21) from a thrift shop, in like-new condition at a price you won’t believe ($147). My old Craftsman would vibrate enough to lose weight while cutting. With this one, you can set a coin on end while the saw runs, and the coin will not fall over.

You can read more here: What Are My Scroll Saw Blade Options?

General Tools 2-in-1 Laser Tape Measure


At times, having the ability to measure distances up to 50 ft. is necessary for household and DIY projects. But more typically, woodworking and home improvement tasks involve measurements under 16 ft.

You can read more here: General Tools 2-in-1 Laser Tape Measure

JET Discusses Updates to Drum Sanders, Band Saws


Even though JET has been building woodworking machinery for more than a half century, its engineers still find opportunities to innovate. For instance, just last year the company rolled out two new drum sanders — its JWDS-1632, which can sand workpieces up to 32 in.

You can read more here: JET Discusses Updates to Drum Sanders, Band Saws

Re-Grip Tool Handle Grips


Re-grip enables you to add a shock-absorbent grip to virtually any cylindrical tool handle with its easy-to-install system: just fit Re-grip over a handle, pull on the end of the yellow spiral core and watch the grip clamp itself onto the handle as the core unravels.

You can read more here: Re-Grip Tool Handle Grips

Startup Banyan Nation wins the Intel & DST Challenge 2.0; bags Rs 20 lakh


HYDERABAD: Hyderabad-based waste management startup Banyan Nation emerged as the winner for the Intel & DST Innovate for India Challenge 2.0, for creating a zero-waste platform to streamline and automate urban recycling operations at every stage.

You can read more here: Startup Banyan Nation wins the Intel & DST Challenge 2.0; bags Rs 20 lakh

Infosys veterans launch new age solution for GST regime


BENGALURU: Infosys veterans on Tuesday launched GSTSTAR, a comprehensive solution catering to Goods and Services Tax (GST) regime needs of businesses, professionals and large organisations. "It caters to the GST needs of small and big enterprises.

You can read more here: Infosys veterans launch new age solution for GST regime

BEL, KNR Constructions hold promise: Gaurang Shah


Gaurang Shah, Head Investment Strategist, Geojit Financial Services, shared two long-term investment ideas in an interaction with ETNow. Excerpts: ET Now: Which is the first stock on your radar? Gaurang Shah: BEL is the stock we have been positive on for a very long time.

You can read more here: BEL, KNR Constructions hold promise: Gaurang Shah

Ather Energy ropes in Venkatesh Padmanabhan as CEO


NEW DELHI Bengaluru-based electric two- wheeler startup Ather Energy, in which Hero MotoCorp is an investor, announced appointment of Venkatesh Padmanabhan as its Chief Operating Officer on Tuesday.

You can read more here: Ather Energy ropes in Venkatesh Padmanabhan as CEO

Gartner’s research director Aman Munglani joins GrowthEnabler


MUMBAI: London-based startup intelligence company GrowthEnabler has appointed Aman Munglani, former research director at Gartner, as vice-president, insights and intelligence.

You can read more here: Gartner’s research director Aman Munglani joins GrowthEnabler

Hike rolls out India's first payment wallet within messaging platform


MUMBAI: Indian instant messaging platform Hike rolled out an in-app electronic payments wallet on Tuesday in a bid to cash in on rising digital transactions, replicating similar services offered by its backer Tencent Holdings in China.

You can read more here: Hike rolls out India's first payment wallet within messaging platform

India needs its MSMEs to go cashless: Report


NEW DELHI: Almost eight months after demonetisation, India is slinking back to using cash as its primary mode of financial transactions.

You can read more here: India needs its MSMEs to go cashless: Report

FIPB is Abolished – What Does it Mean for Foreign Investors?


Last month, the Indian government eliminated the foreign investment promotion board (FIPB), established 25 years ago as a single-window clearance for all foreign direct investment. In this article, we explain the new regulatory landscape for foreign investment in a post-FIPB era.

The post FIPB is Abolished – What Does it Mean for Foreign Investors? appeared first on India Briefing News.

Things are turning for Tata Steel: Kohli


Daljeet Singh Kohli, Head of Research at IndiaNivesh, shared his views on Tata Steel and engineering stocks in an interview with ETNow. Excerpts:

You can read more here: Things are turning for Tata Steel: Kohli

We are waiting for bad news to buy in this market: Jaipuria


Jyotivardhan Jaipuria, Founder & MD, Veda Investment Managers, says India Inc s still struggling somewhere at the bottom of the earning cycle, and the market is pricing in an imminent rebound. Excerpts from his interview with ETNow.

You can read more here: We are waiting for bad news to buy in this market: Jaipuria

Here's how GST complicates the employee-employer relationship


'Why should it be such a big problem?' I wondered. Until I realised the nuances of such a transaction. Is the car capitalised in the books of the company? Is it registered in the company's or employee's name?

You can read more here: Here's how GST complicates the employee-employer relationship

Will be switching to GST regulation from June 30 midnight: FM Arun Jaitley


Finance Minister Arun Jaitley on Tuesday reaffirmed that the GST rollout is well and truly on track. "All GST Council decisions have been taken through consensus. SGST has been approved by all states barring J&K and Kerala. Kerala govt will pass SGST this week," he said.

You can read more here: Will be switching to GST regulation from June 30 midnight: FM Arun Jaitley

Flush with local money, Dalal Street shakes off fears over GST and Fed policy tightening


MUMBAI: The Sensex closed at a record high on Monday led by bank shares as the Reserve Bank of India’s decision to ask lenders to start bankruptcy proceedings against big defaulters raised hopes of a speedy resolution to the bad loans issue.

You can read more here: Flush with local money, Dalal Street shakes off fears over GST and Fed policy tightening

Uber of skies JetSetGo soars high, records 700% growth in revenue


Buoyed by the rapid growth in the Indian aviation sector, JetSetGo has recorded 700% growth in revenue during the last financial year, says company Co-founder and CEO, Kanika Tekriwal.

You can read more here: Uber of skies JetSetGo soars high, records 700% growth in revenue

Top Chinese firm signs MoU with Adani group to invest $300 million


BEIJING: Indian conglomerate Adani Group has signed an MoU with one of China's largest private companies to invest $300 million in a manufacturing unit of an Indian port.

You can read more here: Top Chinese firm signs MoU with Adani group to invest $300 million

Steel lobby seeks changes to stressed assets scheme


KOLKATA: The Indian Chamber of Commerce, which represents some of the debt-laden steel firms based in the eastern region, has urged the Reserve Bank of India (RBI) governor to consider amending the Scheme for Sustainable Structuring of Stressed Assets (S4A) to cover cases where sustainable debt is b

You can read more here: Steel lobby seeks changes to stressed assets scheme

Monday, 19 June 2017

Darwinbox gets $4 million in Series A led by Lightspeed


HYDERABAD: Darwinbox, a human resources software-as-a-service startup, has raised $4 million (about Rs 25 crore) in a series-A round of funding led by Lightspeed India Partners, the India-dedicated fund of California-based Lightspeed Venture Partners.

You can read more here: Darwinbox gets $4 million in Series A led by Lightspeed

Myntra now adds a social reason to shop this season


BENGALURU: Online fashion portal Myntra has launched a social shopping feature ahead of its sixth End of Reason Sale (EORS) which will run from June 24-26. Myntra Shopping Groups will offer an additional 15% discount valid for six months after the sale concludes.

You can read more here: Myntra now adds a social reason to shop this season

Headhunters see up to 90% jump in mid-level tech resumes


Headhunters across the country are seeing an unprecedented jump in the resumes of mid-management IT professionals with firms reporting a spike of anywhere between 15% to 90% with one firm witnessing an increase of as much as 250% over the previous year.

You can read more here: Headhunters see up to 90% jump in mid-level tech resumes

IITs, IIMs and Bennett University look to ignite entrepreneurial spark


MUMBAI/NEW DELHI: Next month, nine students from Bennett University will head to Babson College for a two-week startup boot camp to learn about entrepreneurship and brainstorm ideas with about 300 other college students from around the world.

You can read more here: IITs, IIMs and Bennett University look to ignite entrepreneurial spark

We have around 99% of lending book as secured: Sanjay Agarwal


Jaipur-based AU Small Finance Bank is all set to hit the equities market on June 28 with an public is sue closing on June 30.

You can read more here: We have around 99% of lending book as secured: Sanjay Agarwal

Paytm Payments Bank to go live on UPI by August


BENGALURU: The newly-launched Paytm Payments Bank will go live on the unified payment interface (UPI) by August. This will allow its customers to transact using a virtual payment address issued by the bank.

You can read more here: Paytm Payments Bank to go live on UPI by August

Turning to seniors is passe for India's new entrepreneurs


BENGALURU: Who would you turn to for advice if things were not going according to plan at the workplace? Somebody much older and wiser who has been there, done that, and you can look up to? Well, many young entrepreneurs do not seem to be settling for this seemingly default option.

You can read more here: Turning to seniors is passe for India's new entrepreneurs

New owners left us out in cold, say Housing.com's founders


A battle is brewing between the founders of Housing.com and the online realty search platform’s new owners. Eight of the dozen founders of Housing.

You can read more here: New owners left us out in cold, say Housing.com's founders

We would love it, if Airbnb was a daily app: CMO Jonathan Mildenhall


From being a destination for budget travellers to book accommodation on the cheap, Airbnb is moving towards all aspects of travel from luxury holidays to exclusive experiences to a daily update on what’s interesting in a particular destination, CMO Jonathan Mildenhall tells Ravi Balakrishnan on th

You can read more here: We would love it, if Airbnb was a daily app: CMO Jonathan Mildenhall

Meet Ashok Soota, this 74-year-old believes IT still has the zing


Picture a tech entrepreneur in Bengaluru whose five-year-old startup clocked Rs 352 crore ($54 million) revenues in 2015-16 — Rs 5 crore in profit. He’s now talking a $75-million revenue run rate based on the latest quarter. He single-handedly raised $53 million of venture capital.

You can read more here: Meet Ashok Soota, this 74-year-old believes IT still has the zing

Debt reduced by Rs 4k crore in FY17, Rs 6.2k crore since April: Vedanta


NEW DELHI: Turning the corner on financial front, mining major Vedanta today said its gross debt has come down by over Rs 4,000 crore during the 2016-17 fiscal and further reduced by Rs 6,200 crore since April 1 this year.

You can read more here: Debt reduced by Rs 4k crore in FY17, Rs 6.2k crore since April: Vedanta

Government spend picked up early this year, helping liquidity in system: Badrish Kulhalli


Badrish Kulhalli, Fund Manager for Fixed Income at HDFC Life, analysed the bond market signals and inflation expectations in an interview with ETNow. Excerpts:

You can read more here: Government spend picked up early this year, helping liquidity in system: Badrish Kulhalli

Unbxd raises $12.5 million in funding led by eight roads ventures


BENGALURU: Unbxd, a cloud-based product discovery platform for ecommerce, has raised $12.5 million in a series C funding round, which was led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd.

You can read more here: Unbxd raises $12.5 million in funding led by eight roads ventures

Do You Need a Cordless String Trimmer?


Cordless string trimmers are beginning to catch on with the general public. If you’re interested in adding them to your arsenal of lawn care tools, but aren’t quite ready to make a decision, consider renting one for a one-time project first.

You can read more here: Do You Need a Cordless String Trimmer?

6 Time Saving Techniques For Painting Your Home


If I had a dollar for every person who I have heard say they love painting their house, I would probably have zero dollars. Painting is a total process. It’s time consuming, messy, and inconvenient.

You can read more here: 6 Time Saving Techniques For Painting Your Home

Catch new trend, you'll lose sight of Sensex: Madhu Kela


Madhusudan Kela, Chief Investment Strategist at Reliance Capital, shares his big ideas for the next five-seven years and also analysed the current market dynamics in an interview with ETNow. Excerpts...

You can read more here: Catch new trend, you'll lose sight of Sensex: Madhu Kela

Uber to pilot 'UberPASS' in 4 Indian metros


NEW DELHI: US-based cab aggregator Uber will pilot 'UberPASS' in the four Indian metro cities of Delhi, Mumbai, Kolkata and Chennai, which will allow customers to choose top rated drivers and get discounted fares.

You can read more here: Uber to pilot 'UberPASS' in 4 Indian metros

Facebook hosts India's largest student startup delegation to Silicon Valley


NEW DELHI: Under the 'Start In College' programme instituted by the Startup Village Collective (SV.CO) in partnership with Facebook, thirty-one student startup founders from six states will be going on a week-long visit to Silicon Valley to pitch their ideas.

You can read more here: Facebook hosts India's largest student startup delegation to Silicon Valley

Cabinet nod for setting up Rs 2000 crore startup fund by next month


NEW DELHI: The Union Cabinet is expected to approve setting up of a Rs 2,000-crore credit guarantee fund by July-end with a view to provide funding facilities to startups, a top official said today.

You can read more here: Cabinet nod for setting up Rs 2000 crore startup fund by next month

Seeing growth in home loan and consumer finance: Rajesh Kothari, CIO, AlfAccurate Advisors


In an interview to ET NOW, Rajesh Kothari, CIO, AlfAccurate Advisors, explains how the earnings growth will be closely monitored over the next two quarters. We are stuck in a range, my question is for how long?

You can read more here: Seeing growth in home loan and consumer finance: Rajesh Kothari, CIO, AlfAccurate Advisors

India plans SAARC meet for startups: Nirmala Sitharaman


NEW DELHI: India is planning to organise a meet of startups of the South Asian region for exchange of new ideas and promoting interaction among them. Commerce and Industry Minister Nirmala Sitharaman also sought views of Indian startups to hold this programme.

You can read more here: India plans SAARC meet for startups: Nirmala Sitharaman

India Regulatory Brief: Filing GST Returns, Aadhaar Mandatory for Banking and Financial Transactions


In this week's Regulatory Brief, we look at the relaxed timelines for filing GST returns for the first two months after the GST rollout in India, the revised GST rates and rules passed till June 18, 2017, the new law making it mandatory to link all existing and new bank accounts with the Aadhaar biometric identification number, and the daily pricing system introduced for the fuel market.

The post India Regulatory Brief: Filing GST Returns, Aadhaar Mandatory for Banking and Financial Transactions appeared first on India Briefing News.

31 startup founders from 6 states on visit to Silicon Valley


KOCHI: Thirty-one student startup founders from six states are on a week-long visit to Silicon Valley to pitch, network and learn from the best at the tech Mecca under a flagship #StartInCollege programme instituted by the Startup Village Collective SV.CO in partnership with Facebook.

You can read more here: 31 startup founders from 6 states on visit to Silicon Valley

NBFCs are proxy plays on infra, affordable housing: Arun Sarin


Anil Sarin, CIO-Equity, Edelweiss Global Asset Management, shared his views on textiles, NBFCs and specialty chemicals stocks in an interview with ETNow. Excerpts: ET Now: You said textile manufacturing is moving away from China.

You can read more here: NBFCs are proxy plays on infra, affordable housing: Arun Sarin

As Uber leaders step aside, Arianna Huffington’s influence grows


SAN FRANCISCO: In April, Wan Ling Martello, the head of Nestlé in Asia, found herself seated across from Arianna Huffington, an Uber director and a founder of The Huffington Post, at the Union Square Cafe in Manhattan.

You can read more here: As Uber leaders step aside, Arianna Huffington’s influence grows

Myntra expects to gain 4 lakh new customers during its three-day sale


BENGALURU: Online fashion portal Myntra expects to gain 4 lakh new customers and a 25-time jump in daily sales during its three day End of Reason Sale (EORS) from June 24 to 26.

You can read more here: Myntra expects to gain 4 lakh new customers during its three-day sale

We’re overweight on auto, private sector financials & capital goods: Prasun Gajri


Prasun Gajri, CIO, HDFC Life Insurance Company, says GST and June quarter earnings will be key near-term triggers for the market. Excerpts from an interview with ETNow. ET Now: While the market is still floating around lifetime highs, triggers are drying up.

You can read more here: We’re overweight on auto, private sector financials & capital goods: Prasun Gajri

BEML will be something that I would vouch for out of the three: Abhimanyu Sofat, VP-Research, IIFL,


The stock which I want to throw at you is BEML and Shipping Corporation along with Dredging Corporation. I mean the common theme here is that government is looking at selling strategic stake in all three of them.

You can read more here: BEML will be something that I would vouch for out of the three: Abhimanyu Sofat, VP-Research, IIFL,

BankBazaar appoints Visa’s Vipin Kalra to spearhead international business


BENGALURU: Continuing to drive its presence across South East Asian markets, online financial services marketplace BankBazaar is foraying into Malaysia. The company has appointed Vipin Kalra to further scale and steer its international operations, said a company statement issued today.

You can read more here: BankBazaar appoints Visa’s Vipin Kalra to spearhead international business

Old moat is gone; look at stocks differently now: Neelkanth Mishra, Credit Suisse


Neelkanth Mishra, Managing Director and the India Equity Strategist at Credit Suisse, says GST will disrupt the economy in more way than we can foresee and the market will start baking in those dynamics in the days ahead. Excerpts from his interview with ETNow.

You can read more here: Old moat is gone; look at stocks differently now: Neelkanth Mishra, Credit Suisse

How startup CoinTribe is helping SMEs get loans quickly


Having spent most of their professional life in the banking and financial sector, Amit Sachdev, Rohit Lohia and Manish Chaudhari finally decided to start their own financial services company. The three had had a particularly close look at SME lending.

You can read more here: How startup CoinTribe is helping SMEs get loans quickly

CDSL CEO gives sneak peek into the business & key growth drivers


As the CDSL IPO opens, MD & CEO PS Reddy explains the business arithmetic of the company and lays out his vision for the near term. Excerpts: ET Now: Your top line has grown in teens over FY15 to FY17 because of a stable revenue base while bottom line has grown faster.

You can read more here: CDSL CEO gives sneak peek into the business & key growth drivers

L&T arm bags job orders worth Rupees 2,231 crore


NEW DELHI: Engineering conglomerate Larsen and Toubro's (L&T) arm has won contracts worth Rs 2,231 crore across various business segments.

You can read more here: L&T arm bags job orders worth Rupees 2,231 crore

125 startups to vie for funding opportunity in TiE event in Hyderabad


HYDERABAD: TiE-Hyderabad today announced their second edition of The Guardian Angel - a live instant funding event inspired by popular TV series "Shark Tank", here on June 24. It has received more than 125 applications, TiE Hyderabad said in a statement.

You can read more here: 125 startups to vie for funding opportunity in TiE event in Hyderabad

Startup boom: Evolution of successful entrepreneurs in India


Prior to economic liberalisation, the Indian business scenario was dominated by family-based companies or people opting for government jobs, instilled with the notion of being financially secure. There was very little or no success in being an entrepreneur.

You can read more here: Startup boom: Evolution of successful entrepreneurs in India

Practo, the health startup, is being investigated for supposed tax evasion

BENGALURU: Practo, the healthcare startup, is supposedly being investigated by the authorities to look into whether it has evaded tax throu...