Monday, 11 December 2017

Uber's London licence appeal to be heard next year


LONDON: Uber will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market.

You can read more here: Uber's London licence appeal to be heard next year

India again becoming attractive to FIIs as valuations remain cheap: Mahantesh Sabarad, SBI Cap


Talking to ET Now, Mahantesh Sabarad, Head-Retail Research, SBI Cap Securities , says after the last few odd months where FIIs heavily sold the Indian market, he is not surprised that they would be back jumping on to the emerging markets bandwagon with equities becoming more attractive.

You can read more here: India again becoming attractive to FIIs as valuations remain cheap: Mahantesh Sabarad, SBI Cap

Start-up firm Chai Break to raise $1 million from venture capitalists


KOLKATA: Chai Break, a all day casual diners' chain, is raising $1 million (about Rs 5 crore) from venture capitalists to fund its expansion plans. The chain, valued at Rs 50 crore, is looking to dilute 10% of promoters share for raising the fund, Anirudh Poddar, one of the two directors, told ET.

You can read more here: Start-up firm Chai Break to raise $1 million from venture capitalists

Top 10 Power Tool Christmas Gifts for Under $25


Christmas is two weeks away so we figured we should release our yearly Christmas Gift Guides.  For each list, we are going to break it down into the top 10 items and each will have a different theme each day.  All the lists are power tool related, with the last day having no price tag limits.

You can read more here: Top 10 Power Tool Christmas Gifts for Under $25

Bullish on these 2 stocks in auto sector: Yogesh Mehta, Motilal Oswal Securities


Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities , says Mahindra & Mahindra in tractors and Bajaj Auto in two-wheelers is the preferred bet. It seems like pharma is seeing some renewed action.

You can read more here: Bullish on these 2 stocks in auto sector: Yogesh Mehta, Motilal Oswal Securities

Vivek Mahajan of Aditya Birla Money on 2 sectors to exit in 2018


Talking to ET Now, Vivek Mahajan, Aditya Birla Money says it is time to exit PSU banks and engine companies like Bosche, Force Motors as EVs are going to come in sooner than later. You are talking about 20 to 23% earnings growth over next two to three years.

You can read more here: Vivek Mahajan of Aditya Birla Money on 2 sectors to exit in 2018



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IFC, its AMC arm to invest $45 mn in Lighthouse's 3rd PE fund


NEW DELHI: International Finance Corporation (IFC), a part of the World Bank Group, and its asset management arm plan to invest USD 45 million in Lighthouse, a private equity firm focused on growth investments in India's consumer sector.

You can read more here: IFC, its AMC arm to invest $45 mn in Lighthouse's 3rd PE fund

The opportunity in biosimilars is here, one has to grab it: Debayan Ghosh, Epygen Biotech


In an interview with ET Now, Debayan Ghosh , Founder & President, Epygen Biotech , says in five years, biosimilars is going to throw up $60 billion in India alone. The world took notice of biosimilars when Biocon got that approval.

You can read more here: The opportunity in biosimilars is here, one has to grab it: Debayan Ghosh, Epygen Biotech

Cash Suvidha partners with HomeCapital to bring credit to first-time home buyers


MUMBAI: Fintech startup Cash Suvidha company has partnered with HomeCapital to extend credit to first time home buyers. Cash Suvidha which provides loans to SMEs, MSMEs and startups will offer unsecured credit at zero percent interest to first-time homebuyers through this partnership.

You can read more here: Cash Suvidha partners with HomeCapital to bring credit to first-time home buyers

Talaipalli coal block may start commercial production from 2019-20: NCC


HYDERABAD: Infra major NCC Ltd expects to start development and operation of Talaipalli coal block from 2019-20 onwards and contribute about Rs 190 crore to topline during the first year of its commercial operation.

You can read more here: Talaipalli coal block may start commercial production from 2019-20: NCC

For McDonalds, getting an option to pay a higher GST with input tax credit would help: Amit Jatia, Westlife Development


Talking to ET Now, Amit Jatia, Westlife Development , says has no plans to take over the north and east franchise for McDonald’s as they have their hands full with 500 million customers in West and South India.

You can read more here: For McDonalds, getting an option to pay a higher GST with input tax credit would help: Amit Jatia, Westlife Development

SoftBank's Saudi connections could mean cash after crackdown


Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world’s biggest investor in technologies. The reason has to do with the main patron of Son’s $100 billion investment plan, Saudi Arabia’s Crown Prince Mohammed bin Salman.

You can read more here: SoftBank's Saudi connections could mean cash after crackdown

Sunday, 10 December 2017

Sustaining 30% growth for next 2-3 years is possible: Gagan Banga, Indiabulls Housing Finance


In an interview with ET Now, Gagan Banga, Indiabulls Housing Finance , says targeting a balance sheet north of Rs 2 two crore by 2020 and then give a fresh guidance. The numbers in terms of market cap, growth and dividend are extraordinary for Indiabulls Housing Finance.

You can read more here: Sustaining 30% growth for next 2-3 years is possible: Gagan Banga, Indiabulls Housing Finance

Traders want import duty at 60% to counter cheap sugar from Pakistan


NEW DELHI: Traders have requested the food ministry to increase the sugar import duty from 50 per cent to 60 per cent as the drop in local prices coupled with the influx of cheap sugar from neighbouring Pakistan is spoiling the party for farmers here.

You can read more here: Traders want import duty at 60% to counter cheap sugar from Pakistan

GST, infrastructure status lift spirit of logistics companies


India's logistics and supply chain sector is undergoing a wave of change as two big moves by the government—implementing GST and giving infrastructure status to the sector—has led companies to ascribe unprecedented importance to this aspect of business, making investments in it and hiring the be

You can read more here: GST, infrastructure status lift spirit of logistics companies

Startup Trukky uses tech to offer real time goods transport rates to SMEs


While entrepreneurs often face rough weather, getting roughed up is not really part of their learning curve. Subhasish Das and Saswat Sahu, however, are an exception. When Das and Sahu were looking to bring transporters on their platform, Trukky, some brokers took it as poaching of their business.

You can read more here: Startup Trukky uses tech to offer real time goods transport rates to SMEs

We are looking at multi-year, multi-decade growth ahead: Siddharth Bothra, Motilal Oswal Asset Management


Talking to ET Now, Siddharth Bothra , Senior VP-Fund Manager, MOSt Focused F25, Motilal Oswal Asset Management, says the entire portfolio is a bottom-up, built up fund and as and when they find something interesting, pharma will get represented in the funds.

You can read more here: We are looking at multi-year, multi-decade growth ahead: Siddharth Bothra, Motilal Oswal Asset Management

Internshala launches initiative to help women restart their careers


BENGALURU: Internship and online training platform Internshala has launched the ‘Internships for Women’ campaign to help women restart their career.

You can read more here: Internshala launches initiative to help women restart their careers

A Tesla-SpaceX merger would be the deal of the decade


Last year, Tesla merged with struggling SolarCity, making Elon Musk CEO of both companies. The tie-up hasn't hurt Tesla in 2017 as the company's stock has surged above $300 per share and the combined enterprise hit a market capitalization of over $50 billion.

You can read more here: A Tesla-SpaceX merger would be the deal of the decade

Bullish on 5 sectors but beware of pockets of froth in small-caps: Sunil Singhania, Reliance Capital


In an interview with ET Now, Sunil Singhania , Global Head - Equities, Reliance Capital , says bullish on corporate banks, infra, cement, steel and in consumer discretionary stocks in 2018 You believe that we should not rule out the possibility of strong double digit returns for 2018.

You can read more here: Bullish on 5 sectors but beware of pockets of froth in small-caps: Sunil Singhania, Reliance Capital

Uber agrees to settle civil lawsuit with Indian woman


Uber has agreed to settle a civil lawsuit with an Indian woman who accused the ride-hailing company and its top executives of "unlawfully" obtaining her medical records and engaging in offensive conspiracy theories after a company driver raped her, according to a media report.

You can read more here: Uber agrees to settle civil lawsuit with Indian woman

2018 to bring about earning growth, 2 sectors to lead market: Nischal Maheshwari, Edelweiss Securities


Talking to ET Now, Nischal Maheshwari, Edelweiss Securities , says government capex driven companies like L&T and banks will drive the market. It appears we have a crazy consensus on emerging markets for 2018 from UBS.

You can read more here: 2018 to bring about earning growth, 2 sectors to lead market: Nischal Maheshwari, Edelweiss Securities

Wireless technology without batteries? This startup is powering IoT devices - using air!


Life may throw you a curveball every now and then, but one of the most humbling experiences can still be successfully finding keys that go absconding at exactly the wrong time.

You can read more here: Wireless technology without batteries? This startup is powering IoT devices - using air!

What happens when the government uses Facebook as a weapon?


Maria Ressa, cofounder of the Philippines’ largest online news site, Rappler had invited five candidates for the 2016 Philippine presidential election to a forum called #TheLeaderIWant. Only Rodrigo Duterte showed up.

You can read more here: What happens when the government uses Facebook as a weapon?

Paytm's offline sale festival to launch second edition


BENGALURU In a bid to further combine its online platform and offline network, Paytm is launching the second edition of its annual ‘12/12’ festival on Tuesday — would see its 5 million offline merchants offering deals and cashback of up to 50% to shoppers who pay using Paytm.

You can read more here: Paytm's offline sale festival to launch second edition

Google targets small merchants, stores to push payment arm Tez


BENGALURU: Internet major Google’s payment arm Tez, having generated very strong volume growth in peer-to-peer payments, plans to diversify into merchant payments strongly.

You can read more here: Google targets small merchants, stores to push payment arm Tez

Vahdam Teas raises Rs 11 crore from Fireside Ventures, others


MUMBAI: Premium online tea brand Vahdam Teas has raised Rs 9 crore ($1.4 million) in its second round of institutional funding led by consumer focussed fund Fireside Ventures. The round also saw participation from existing investors - Singapore Angel Network, Mumbai Angels and some HNI investors.

You can read more here: Vahdam Teas raises Rs 11 crore from Fireside Ventures, others

Why startup exits could signal the beginning of the next big thing


Return on an investment is a thing to be celebrated. Far too much has been written about money raised and paper valuations that may or may not get returns on investments.

You can read more here: Why startup exits could signal the beginning of the next big thing

Uber heads to court in fight for London survival


LONDON: Uber will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market.

You can read more here: Uber heads to court in fight for London survival

Payment companies Paytm, MobiKwik look to commuters to drive growth


BENGALURU: Peer-to-peer transactions and merchant payments have been at the vanguard of India’s digital journey. But another cash-heavy sector involving payments for commuter services, such as rides in buses and metros and tickets at toll plazas, is slowly moving away from currency notes.

You can read more here: Payment companies Paytm, MobiKwik look to commuters to drive growth

Chase value, not price, in an expensive market like this: Raamdeo Agrawal


Valuations of Indian stocks are overstretched, but investors can still make money by buying growth and quality stocks, said Raamdeo Agrawal , joint managing director, Motilal Oswal Financial Services .

You can read more here: Chase value, not price, in an expensive market like this: Raamdeo Agrawal

Amazon claims 1.5 times faster growth than Flipkart in GST era


BENGALURU: Flipkart and Amazon India both said their ecommerce businesses grew sharply in the three months ended September, registering a significant recovery from the months before the government introduced the goods and services tax.

You can read more here: Amazon claims 1.5 times faster growth than Flipkart in GST era

Indian startup ecosystem ahead of China: Michael Marks, investor in Twitter, SpaceX


Michael Marks, whose investments include Twitter and SpaceX, said that India is ahead of countries like China and Israel in having a robust and deep startup ecosystem.

You can read more here: Indian startup ecosystem ahead of China: Michael Marks, investor in Twitter, SpaceX

Trade unions to make case for CIL contract workers' wage hike


After an average wage revision of 20 per cent for around 2.98 lakh permanent employees of Coal India Ltd, trade unions are now readying to pitch for a similar wage agreement for contractual workers of the miner.

You can read more here: Trade unions to make case for CIL contract workers' wage hike

Saturday, 9 December 2017

Coal India to leverage mining expertise for diversification


NEW DELHI: Making a case for Coal India's foray into metal and mineral mining, the government has said the state-owned firm being the biggest miner in the world would like to leverage the expertise for diversification.

You can read more here: Coal India to leverage mining expertise for diversification

Mines auction: Government mulls setting up SPVs for speedy clearances


The mines ministry is looking at setting up special purpose vehicles (SPVs) that will acquire necessary project clearances, including environmental, for the mineral blocks before bidding, a move that may add pace to the auction process, an official has said.

You can read more here: Mines auction: Government mulls setting up SPVs for speedy clearances

Coal imports rise 40% on restocking demand in November


Coal imports surged by 40 per cent to 19.18 million tonnes (MT) in November, mainly due to pick up in demand for winter restocking and low coal stock position in power plants. The higher volume of imports is mainly due to 4.

You can read more here: Coal imports rise 40% on restocking demand in November

‘Indian product startups focus on consumers, but in US, it’s hardware that’s key’


Sateesh Kumar Srinivasan joined Amazon's Seattle headquarters in 2009 in a product managerial role but in 5 years, he got the opportunity to work for Amazon's different verticals including the the premium membership account Amazon Prime, and check-out free grocery store Amazon Go.

You can read more here: ‘Indian product startups focus on consumers, but in US, it’s hardware that’s key’

Why startups think they're too small to be hacked


CHENNAI/BENGALURU: By the end of 2012, Sanjiv Singhal and his two co-founders had everything in place to launch their mutual funds startup Scripbox, but decided to hold off for a month until they were sure they were safe from every kind of cyber attack.

You can read more here: Why startups think they're too small to be hacked

How the carts of fruit chaatwallahs drive many an entrepreneurial idea


I got a last-minute call from the Startup India team to showcase our startup innovation with green jackfruit at the India International Trade Fair at Pragati Maidan in Delhi.

You can read more here: How the carts of fruit chaatwallahs drive many an entrepreneurial idea

GE Appliances’ arm to set up incubator FirtsBuild at T-Works


US based GE Appliances on Saturday signed an agreement with the Telangana government to set up its incubator FirstBuild India at the larger hardware incubator planned by the government called the T-Works.

You can read more here: GE Appliances’ arm to set up incubator FirtsBuild at T-Works

Friday, 8 December 2017

Kunal Saraogi's 2 top trading ideas for Monday morning


Talking to ET Now, Kunal Saraogi, CEO, Equity Rush , says Tata Motors DVR and SAIL are the two stocks he is ready to bet on for Monday trading.

You can read more here: Kunal Saraogi's 2 top trading ideas for Monday morning

ArcelorMittal, SAIL Steel JV to Come Up in Andhra


HYDERABAD: The much-awaited joint venture between ArcelorMittal and Steel Authority of India (SAIL) to make high-end steel for the automobile industry, with about ?15,000 crore of investment, will come up in Andhra Pradesh, said Union steel minister Chaudhary Birender Singh.

You can read more here: ArcelorMittal, SAIL Steel JV to Come Up in Andhra

Sudip Bandyopadhyay's top trading picks in pharma & aviation


In a chat with ET Now, Sudip Bandyopadhyay, Inditrade Capital , says bullish on Strides Shasun in pharma and SpiceJet among pharma stocks. The big thing on everyone's mind next week is going to be the Gujarat elections.

You can read more here: Sudip Bandyopadhyay's top trading picks in pharma & aviation

Jaypee home buyers seek clarity on resolution plan from IRP


Jaypee Infratech homebuyers have requested the interim resolution professional (IRP) to give them access to relevant portions of the resolution plan dealing with their interests or upload those parts of the broader revival proposal on a website.

You can read more here: Jaypee home buyers seek clarity on resolution plan from IRP

Oyo changes business model from aggregation to franchise


HYDERABAD: Soft Bank-backed hospitality startup Oyo on Friday said it has changed its business model from aggregation to franchise, or operating hotels under the Oyo brand. The hotels that were part of the aggregation model have converted into franchises.

You can read more here: Oyo changes business model from aggregation to franchise

PROJECT: Waney-edged Box


One man’s trash is another man’s treasure — or so the old saying goes. In the case of the small piece of wood that was used on the top of this little box, that saying was spot-on.

You can read more here: PROJECT: Waney-edged Box

Ola appoints Nitin Gupta as CEO of Ola Money


NEW DELHI: Cab hailing app Ola has appointed PayU India co-founder Nitin Gupta as the chief executive officer of its wallet service, Ola Money. When contacted, an Ola spokesperson confirmed that Gupta is joining Ola Money.

You can read more here: Ola appoints Nitin Gupta as CEO of Ola Money

India's steel capacity is targeted to reach 150 million tonne by 2020: Steel secretary


She also said the steel industry is aiming to achieve the status of a 'zero waste' industry by minimizing pollution across the gamut of activities ranging from mining of minerals to the final steelmaking process.

You can read more here: India's steel capacity is targeted to reach 150 million tonne by 2020: Steel secretary

Mid-Atlantic Region Prepares for Nearly $50 Billion in 2018 Project Starts


SUGAR LAND--December 6, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--The Mid-Atlantic market region, which includes Maryland, North Carolina, South Carolina, Virginia and West Virginia, is preparing for $49.8 billion in industrial project starts in 2018.

You can read more here: Mid-Atlantic Region Prepares for Nearly $50 Billion in 2018 Project Starts

OYO opens tech development centre in Hyderabad


HYDERABAD: OYO today opened its new tech development centre here, which would grow to 300 engineers by next year-end, the company said. This facility is focused on developing innovative products for customers, partners and employees, the hospitality company said.

You can read more here: OYO opens tech development centre in Hyderabad

JSW Steel crude steel production up 11% at 13.6 lakh ton in November


Sajjan Jindal-led JSW Steel today said that it has achieved 11 per cent growth in crude steel production at 13.62 lakh tonne in November this year. Its crude steel production stood at 12.27 lakh tonnes in the year-ago period, JSW Steel said in a BSE filing.

You can read more here: JSW Steel crude steel production up 11% at 13.6 lakh ton in November

Merry Christmas Early – 20% Off all TIA Gear


While Christmas might not be here yet, it’s right around the corner.  However, don’t let the fact that you have to wait to open gifts from Santa deter you from enjoying Christmas early. You can now show off your true colors with Tools in Action TIA Gear.

You can read more here: Merry Christmas Early – 20% Off all TIA Gear

From RBI, I see a long pause with a slight bias towards tightening beyond 2018: Radhika Rao, DBS


Talking to ET Now, Radhika Rao , India Economist, DBS , says we are looking at growth going back gradually to 6.5% and to about 7% in fiscal 2019.

You can read more here: From RBI, I see a long pause with a slight bias towards tightening beyond 2018: Radhika Rao, DBS

Expect to raise share of exports to 10% of revenues in next 2-3 years: MV Gowtama, BEL


In an interview with ET Now, MV Gowtama , CMD, BEL , says expects non- defence revenue to touch about 20% of revenues this year and defence to be around 80%.

You can read more here: Expect to raise share of exports to 10% of revenues in next 2-3 years: MV Gowtama, BEL

Ola ropes in PayU India's Nitin Gupta to lead financial services business


BENGALURU: Cab hailing major Ola has roped in PayU India co-founder Nitin Gupta as CEO of Ola Money, as it looks to build out a financial services business after raising over $1 billion over the last one year.

You can read more here: Ola ropes in PayU India's Nitin Gupta to lead financial services business

Flexiloans raises Rs 45 crore in debt financing from multiple financial institutions


BENGALURU: Digital lending startup FlexiLoans.com has raised institutional debt fund of Rs 45 crore from multiple financial institutions, said the company in a statement to the media. The lending startup plans to use the funds to expand its loans and supply chain financing segment.

You can read more here: Flexiloans raises Rs 45 crore in debt financing from multiple financial institutions

Sudhir Singh taking over as CEO to help in transforming NIIT Tech, says Arvind Thakur


In an interview with ET Now, Arvind Thakur , CEO & Joint MD, NIIT Technologies , says expects to end Q4 with 18% EBITDA margins in Q4.

You can read more here: Sudhir Singh taking over as CEO to help in transforming NIIT Tech, says Arvind Thakur

Manufacturing is the big theme and within it, 4 sectors to lead in long-term: Ashwani Kumar, Reliance Mutual Fund


Defence, smart cities, metals and mining are going to top areas within manufacturing theme that are going to do very well in next 3-7 years, says Ashwani Kumar , Senior Fund Manager - Equity Investments, Reliance Mutual Fund Edited excerpts: What is your overall outlook on the markets and how do y

You can read more here: Manufacturing is the big theme and within it, 4 sectors to lead in long-term: Ashwani Kumar, Reliance Mutual Fund

Thursday, 7 December 2017

SoftBank to invest $300 million in food delivery firm DoorDash


SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported. The investment will be made from SoftBank's Vision Fund, which has raised close to $100 billion to invest in technology companies, Recode also reported.

You can read more here: SoftBank to invest $300 million in food delivery firm DoorDash

Mark Mobius still thinks 10% growth is on cards and he is bullish on PSU banks


Let us talk about India’s growth potential. We have seen the numbers hit a bottom at 5.7%. The last print had come in at 6.3%. What kind of sustainable growth trend do you expect from India?

You can read more here: Mark Mobius still thinks 10% growth is on cards and he is bullish on PSU banks

Iron Man tech: Play video games, present a slideshow, or work on Word with hand gestures


Anyone who has watched Iron Man will recollect Robert Downey Jr. using hand gestures to create and control designs in the films. If you wished the same technology could work for you, a less technologically advanced version can soon become available.

You can read more here: Iron Man tech: Play video games, present a slideshow, or work on Word with hand gestures

Allahabad Bank eyes MUDRA, SME category for business growth


HYDERABAD: Allahabad Bank is looking to grow its business by focussing on SME, MUDRA and other loan categories along with emphasising on recovery of dues, announced the bank's top executive.

You can read more here: Allahabad Bank eyes MUDRA, SME category for business growth

Your expression is cue for movie makers to create a blockbuster


BENGALURU: Riddle me this: If movie makers had scene-by-scene feedback from the audience while shooting a film, wouldn’t every film have a shot at being a blockbuster.

You can read more here: Your expression is cue for movie makers to create a blockbuster

Offline growth helps lift Pepperfry’s topline, losses come down 17%.


MUMBAI: Furniture and home furnishing marketplace Pepperfry has wrapped up FY17 in style with topline growing steadily even as losses have taken a step backwards. The Goldman Sachs and Norwest Venture Partners-backed company has clocked Rs 127.

You can read more here: Offline growth helps lift Pepperfry’s topline, losses come down 17%.

RBI should ensure fair MDR share: ePayment companies


BENGALURU: While the Reserve Bank of India’s latest guidelines on merchant discount rates (MDR) have brought some respite to the digital payments industry, many payment executives ET spoke to feel that the central bank needs to ensure equitable distribution of MDR between the various participants

You can read more here: RBI should ensure fair MDR share: ePayment companies

Revised debit card fee to pinch small traders, kirana stores


NEW DELHI: Retailers across the board criticised the Reserve Bank of India’s decision to link debit card charges to revenue — a move aimed at encouraging small shops to accept plastic — saying it will increase their cost of doing business and likely undermine the government’s push toward a d

You can read more here: Revised debit card fee to pinch small traders, kirana stores

Government may help organic farmers tie up with etailers


NEW DELHI: The agriculture ministry is discussing a proposal to help organic farmers’ organisations tie up with e-commerce companies with state government help, according to a senior official.

You can read more here: Government may help organic farmers tie up with etailers

8 Great Christmas Gifts for the DIY Enthusiast


Santa’s not the only one tinkering in his workshop this season! Your friend or family may not necessarily be a toymaker like the man in the red suit, but they love to DIY. And because of this, you want to pick out a Christmas gift that inspires even more hands-on projects this holiday and beyond.

You can read more here: 8 Great Christmas Gifts for the DIY Enthusiast

It’s an exciting time to look at impact investing in India, says Maya Chorengel


US-based private equity firm TPG Growth’s social impact vehicle, The Rise Fund, recently raised $2 billion for global investments and is exploring big-ticket deals in areas such as education, energy, food and agriculture, including in India. Edited excerpts from an interview:

You can read more here: It’s an exciting time to look at impact investing in India, says Maya Chorengel

Despite 50 exits in the last 7 years, how India’s impact investors are scaling up the fund pool


Vishal Mehta, a social investing veteran who runs impact fund Lok Capital, spells out his exit strategy. “What has worked for us is that we have been very disciplined about exits. For the stage of investments, we are into, we cannot really rely on IPOs.

You can read more here: Despite 50 exits in the last 7 years, how India’s impact investors are scaling up the fund pool

Dairy supply chain startup MilkLane ensures high quality milk for consumers


MUMBAI: In yet another instance of startups solving India-focussed problems garnering investors’ attention, dairy supply chain startup MilkLane has raised Rs 27 crore in its first institutional round of fundraise.

You can read more here: Dairy supply chain startup MilkLane ensures high quality milk for consumers

ArcelorMittal's $1 bln India joint venture to get green light next week: Sources


State-owned Steel Authority of India Ltd () is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters.

You can read more here: ArcelorMittal's $1 bln India joint venture to get green light next week: Sources

Uber paid 20-year-old Florida man to keep data breach secret: Sources


SAN FRANCISCO/WASHINGTON: A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called "bug bounty" program normally used to identify small code vulnerabilities, three people familiar with the even

You can read more here: Uber paid 20-year-old Florida man to keep data breach secret: Sources

Ridgid Sawhorse Review


There is a lot of equipment that is overlooked on a job site.  We tend to really only worry about our power tools, batteries, and the tools that get the job done.

You can read more here: Ridgid Sawhorse Review

GoDaddy improves online security for SMEs in India


NEW DELHI: Cloud platform GoDaddy on Thursday launched "Website Security" platform and added McAfee protections for small, independent businesses in India. Powered by security platform Sucuri, "Website Security" offers malware removal and website protection.

You can read more here: GoDaddy improves online security for SMEs in India

Blacksoil Capital invested Rs 15 crore in eShakti.com


AHMEDABAD: Blacksoil’s NBFC arm, Blacksoil Capital, has invested Rs15 crores in the US-focused online fashion retailer eShakti.com which is backed by IDG & Ivy Cap Ventures. The loan will be used by eShakti to grow the business by introducing new products for the Spring season ahead.

You can read more here: Blacksoil Capital invested Rs 15 crore in eShakti.com

We are keeping out of consumer staples & OMCs: Nilesh Shetty, Quantum AMC


Talking to ET Now, Nilesh Shetty , Associate Fund Manager (Equity), Quantum Asset Management Company Pvt Ltd , says the fund has not made an allocation to consumer staples for almost five years now.

You can read more here: We are keeping out of consumer staples & OMCs: Nilesh Shetty, Quantum AMC

16 million mined, 5 million remaining. Approaching Bitcoin threshold fuel crypto frenzy


As Bitcoin surpassed $15,000 for the first time ever on Thursday, more and more people are becoming aware of the cryptocurrency, which in turn is further fueling its price. "For many years cryptocurrencies like Bitcoins was the domain of cyberpunks or deep technologist.

You can read more here: 16 million mined, 5 million remaining. Approaching Bitcoin threshold fuel crypto frenzy

Mobycy launches dockless bike-sharing service app


GURGAON: Taking on ride-hailing platform Ola, Gurgaon-based Green Tech startup Mobycy on Thursday launched dockless bicycle sharing app on Google Play Store. Ola introduced its own dockless bike-sharing service earlier this month.

You can read more here: Mobycy launches dockless bike-sharing service app

We are beginning to see the beginnings of a credit growth: Shanti Ekambaram, Kotak Mahindra Bank


Talking to ET Now, Shanti Ekambaram, Kotak Mahindra Bank , says ratewise, the way I would look at it is it is an extended pause and perhaps they would look at a lot of pointers that would come in the budget.

You can read more here: We are beginning to see the beginnings of a credit growth: Shanti Ekambaram, Kotak Mahindra Bank

How PeeSafe is making Indian restrooms more women-friendly


NEW DELHI: Personal hygiene brand PeeSafe has launched its 'PeeSafe Sanitized Washroom' program to counter lack of hygiene across washrooms in the country.

You can read more here: How PeeSafe is making Indian restrooms more women-friendly

Indian steel firm's mining plans in lush forest may be nixed: Sources


NEW DELHI - India's environmental authorities are likely to cancel a plan by a state steel company to dig for more iron ore from a massive reserve located in a lush green forest roamed by elephants, sources said, as the government aims to halt mining in the area.

You can read more here: Indian steel firm's mining plans in lush forest may be nixed: Sources

2018 will not be an index story, look at 2 sectors to pick multibaggers: Gautam Shah, JM Financial


Even the private sector banks in the last seven days, for the first time have shown some weakness in the heavyweights like HDFC and HDFC Bank.

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Uber's London licence appeal to be heard next year

LONDON: Uber will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and strippe...