Friday, 19 January 2018

The fall of Travis Kalanick was a lot weirder and darker than you thought


A year ago, before the investor lawsuits and the federal investigations, before the mass resignations, and before the connotation of the word "Uber" shifted from "world's most valuable startup" to "world's most dysfunctional," Uber's executives sat around a hotel conference room table in San Francis

You can read more here: The fall of Travis Kalanick was a lot weirder and darker than you thought

Flipkart can’t use ‘MarQ’ till February 5


NEW DELHI: A Delhi court has restrained Flipkart from using brand MarQ until February 5, dealing a blow to the ecommerce giant's large appliances private label.

You can read more here: Flipkart can’t use ‘MarQ’ till February 5

Five Box Joint Jig Reviews


While they may not have the panache or instant recognition of dovetails, there’s no denying that box joints exhibit their own curb appeal on furniture, drawers and boxes.

You can read more here: Five Box Joint Jig Reviews

Duke to Spend About $200 Million to Convert Four Coal-Fired Units


SUGAR LAND--January 18, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) plans to spend about $200 million to convert four coal-fired units at two stations in the Tar Heel State to burn partly or entirely na

You can read more here: Duke to Spend About $200 Million to Convert Four Coal-Fired Units

Centrum Research downgrades Tata Sponge (TSIL) to ‘Hold’


Centrum Research has downgraded Tata Sponge (TSIL) to 'Hold' saying the recent sharp run up leaves less room for growth with the company likely to deploy its surplus cash in setting up its proposed steel plant over FY19-20.

You can read more here: Centrum Research downgrades Tata Sponge (TSIL) to ‘Hold’

Panel looking into coal blocks auctions process to submit report in 6-8 months: Piyush Goyal


ET was the first to report on December 24, 2017 that the system of coal blocks allocation could undergo an overhaul, with New Delhi leaning towards the oil-and-gas industry model that involves sharing production or revenue instead of the existing practice of auctions.

You can read more here: Panel looking into coal blocks auctions process to submit report in 6-8 months: Piyush Goyal

Auction of mine leases expiring in 2020 to be taken up immediately: Narendra Singh Tomar


PANAJI: The process of auctioning of mining leases which expire in 2020 would begin with immediate effect to ensure mineral production does not come down in the future, Union Mines Minister Narendra Singh Tomar said today.

You can read more here: Auction of mine leases expiring in 2020 to be taken up immediately: Narendra Singh Tomar

Milwaukee Drill Bit Review


Milwaukee Tool is known for their cordless power tools however we tend to forget that they have a whole separate division that creates and produces power tool accessories such as drill bits.

You can read more here: Milwaukee Drill Bit Review

Want a credible Budget with productive expenditure: Manish Gunwani, Reliance Capital MF


Talking to ET Now, Manish Gunwani, Reliance Capital Mutual Fund , says over the long term, he still thinks that double digit returns should be possible. Two weeks from now, the Budget will be presented. This will be the last full Budget of the current government.

You can read more here: Want a credible Budget with productive expenditure: Manish Gunwani, Reliance Capital MF

Over 21,000 new registrations on Day 1 of e-way Bill portal launch


NEW DELHI: Over 21,000 new registrations were received by the e-way bill portal on the first day of opening registrations for the system in all the states of the country, the Goods and Services Tax Network (GSTN) said on Friday.

You can read more here: Over 21,000 new registrations on Day 1 of e-way Bill portal launch

Petchem to drive Reliance profits this quarter: Sudeep Anand, IDBI Capital


What is it that you are hoping to hear from Reliance on their GRM trajectory? We are expecting strong numbers once again from Reliance and this time it will be driven by petrochemical rather than refineries. In refineries, we are expecting a GRM of around $11.5 per barrel. Last year, it was $10.

You can read more here: Petchem to drive Reliance profits this quarter: Sudeep Anand, IDBI Capital

India Cements launches promotional scheme for consumers


CHENNAI: India Cements, a leading cement manufacturing company, today launched a promotional offer for consumers under which they stand to get Chennai Super Kings (CSK) merchandise and also an opportunity to meet the players.

You can read more here: India Cements launches promotional scheme for consumers

How Prakash Industries managed a turnaround


In an interview with ET Now, VP Agarwal , Chairman, Prakash Industries , says in the last quarter because of better sales realisation and a higher volume and cost savings, Q3 PAT improved from Rs 17 crore last year to Rs 101 crore this year.

You can read more here: How Prakash Industries managed a turnaround

With a good pipeline, a good order book, 2018 should be better than 2017: HCL Tech


In an interview with ET Now, C Vijayakumar , CEO and Anil Chanana , CFO, HCL Technologies , discuss the Q3 results and say going into FY19, they are very positive on their ability to grow especially on the Mode 2 and Mode 3 offerings.

You can read more here: With a good pipeline, a good order book, 2018 should be better than 2017: HCL Tech

Dilip Buildcon bags Rs 360-crore road project from Ircon


Infrastructure firm Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 360.58 crore in Karnataka from Ircon International Ltd. The project is for six laning of Davanagere-Haveri sector of NH-48.

You can read more here: Dilip Buildcon bags Rs 360-crore road project from Ircon

Government allows import of non-standard steel via two more ports


NEW DELHI: The commerce ministry has allowed imports of non-standard steel products through Nhava Sheva, Mumbai and ICD-Tughlakabad in the national capital. Earlier, import of these non-prime products called as seconds or defectives were not permitted through these ports.

You can read more here: Government allows import of non-standard steel via two more ports

Thursday, 18 January 2018

Betting on private banks, HFCs & select private insurers: Sanjay Parekh, Reliance Nippon AM


Private banks, housing finance and select private insurance companies still offer secular growth opportunities, says Sanjay Parekh , senior fund manager (equity), Reliance Nippon Asset Management .

You can read more here: Betting on private banks, HFCs & select private insurers: Sanjay Parekh, Reliance Nippon AM

Change.org petition against Angel Tax weeks before Budget


BENGALURU: Sreejit Moolayil, cofounder of food brand TrueElements, has petitioned finance minister Arun Jaitley, through the Change.org platform, to bring his attention to angel tax weeks before the annual Budget next month.

You can read more here: Change.org petition against Angel Tax weeks before Budget

ShareChat raises $18.2 million from Xiaomi, ShunWei, others


BENGALURU: Social networking app ShareChat has raised $18.2 million in a series-B funding round led by Xiaomi and Chinese venture capital firm ShunWei Capital, according to MCA filings.

You can read more here: ShareChat raises $18.2 million from Xiaomi, ShunWei, others

Demonetisation impact? E-payments make up 60% of Amazon India’s business


BENGALURU: A little over a year after demonetisation, Amazon India says digital payments now account for over 60% of its total transactions as compared to less than 50% in 2016.

You can read more here: Demonetisation impact? E-payments make up 60% of Amazon India’s business

DIY Epoxy Countertop


Check out this video of a kitchen countertop makeover using epoxy to achieve a marble-like finish. Find out more about the process at Leggari.com.

You can read more here: DIY Epoxy Countertop

Filmmaker honors grandfather's woodworking legacy with documentary


BROOKLYN, N.Y. - New York based filmmaker, Will Mayo, created a short documentary to showcase woodworking projects done by his grandfather, Joe Henson, who suffers from primary progressive aphasia, a form of dementia marked by the progressive loss of speech and language.

You can read more here: Filmmaker honors grandfather's woodworking legacy with documentary

How to Build Your Own Bar


When it comes to installing a bar in your place of residence, you shouldn’t work from pictographs. Sorry, IKEA, but we get the feeling Steve McQueen and Ernest Hemmingway would be disappointed in a bar from a box. No, you’ve got to get out the woodworking tools and assemble your bar yourself.

You can read more here: How to Build Your Own Bar

How ecommerce-focussed logistics companies facing myriad challenges impeding their growth


It would appear that the chaotic traffic in India's major cities presents the biggest hurdles to logistics companies catering to ecommerce companies. But there are larger roadblocks.

You can read more here: How ecommerce-focussed logistics companies facing myriad challenges impeding their growth

Quikr India clocks Rs 64 crore in turnover for FY 17


FY17 has been a year of cheer for online classifieds portal Quikr India which has seen its turnover swell to Rs 63.8 crore. The Tiger Global and Kinnevik AB-backed company is yet to file it FY17 financials in detail. The turnover signals a 55% increase from the turnover of Rs 41.

You can read more here: Quikr India clocks Rs 64 crore in turnover for FY 17

Zoho Corp backed vTitan Corporation launches patented syringe infusion pumps


CHENNAI: Zoho Corporation funded healthcare start-up vTitan Corporation today launched its patented syringe infusion pumps designed for patients under critical care.

You can read more here: Zoho Corp backed vTitan Corporation launches patented syringe infusion pumps

India Transact Services joins Mobik to enable MSMEs create mobile presence under a minute


India Transact Services Ltd. (ITSL), an omni-channel merchant digital payment solutions company has entered into a strategic alliance with Mobik, an Israel-based mobile advertisement platform. Their objective is to empower MSMEs.

You can read more here: India Transact Services joins Mobik to enable MSMEs create mobile presence under a minute

Village Financial Services to diversify into affordable housing and SME segments


KOLKATA: Microfinance firm Village Financial Services (VFS) is looking to diversify into affordable housing and small and medium enterprises space to de-risk its portfolio, managing director Kuldip Maity said.

You can read more here: Village Financial Services to diversify into affordable housing and SME segments

Ping An plans IPO for second healthcare unit, SoftBank leads $1 billion funding


HONG KONG: China's Ping An Insurance Group has raised nearly $1 billion for a medical data collection and analysis business ahead of a Hong Kong IPO, two people familiar with the matter said, in what would be the second healthcare unit it plans to bring to market.

You can read more here: Ping An plans IPO for second healthcare unit, SoftBank leads $1 billion funding

Puneet Agarwal joins Mobikwik as its chief risk officer


"I am confident that our offering will transform the way Indians perceive and avail financial services," said Puneet Agarwal.

You can read more here: Puneet Agarwal joins Mobikwik as its chief risk officer

Bosch GLL 2 Laser Review


When it comes to measuring and lasers, Bosch is known for being one of the front-runners in this category.  Over the years we have done a fair amount of Bosch lasers and they have consistently performed in regards to durability and performance.  So let’s jump into the Bosch GLL 2 Laser Review.

You can read more here: Bosch GLL 2 Laser Review

India’s FDI Policy Amended: Single Brand Retail, Medical Devices Win Big


India recently amended its FDI Policy; major beneficiaries include single brand retailers and the medical devices industry. The government has sought to provide more clarity on compliance requirements and ease the investment process.

The post India’s FDI Policy Amended: Single Brand Retail, Medical Devices Win Big appeared first on India Briefing News.

Tata Steel launches India's first branded LD slag products


Tata Steel has launched two new products, Tata Aggreto and Tata Nirman, India's first branded LD slag products for applications in road, fly ash brick and clinker making.

You can read more here: Tata Steel launches India's first branded LD slag products

Why MOSL’s Yogesh Mehta is gung-ho on this theme in 2018


Talking to ET Now, Yogesh Mehta , VP, Group Leader - PCG Advisory, Motilal Oswal Securities Ltd , says as farm sector themed budget is expected this year, agri related stocks like Mahindra & Mahindra or Escorts and also some fertiliser companies can be looked at.

You can read more here: Why MOSL’s Yogesh Mehta is gung-ho on this theme in 2018

Both general and life insurance to grow over 15% in next 10 years: Santosh Singh, Haitong Securities


Talking to ET Now, Santosh Singh , BFSI and Head of Research, Haitong Securities , says one of the highest new business premium growth would be in HDFC Life and ICICI Pru would may be the third largest and SBI Life would be the second highest premium growth in the sector.

You can read more here: Both general and life insurance to grow over 15% in next 10 years: Santosh Singh, Haitong Securities

Costly oil and gold imports leading to worsening current account deficit: Sakshi Gupta, HDFC Bank


Talking to ET Now, Sakshi Gupta , India Economist, HDFC Bank , says the fiscal side of the story will continue to be under pressure this year given that oil prices continue to rise and we have a twin deficit problem. We have gold imports also that are rising in terms of value.

You can read more here: Costly oil and gold imports leading to worsening current account deficit: Sakshi Gupta, HDFC Bank

Coastal shipping of coal to double in 6 years: Crisil Research


KOLKATA: Crisil Research expects coastal transportation of coal to touch 63 million tonne per annum by fiscal 2022-23, from near 32 million tonnes per annum in 2016-17 as structural bottlenecks ease.

You can read more here: Coastal shipping of coal to double in 6 years: Crisil Research

Uber partners with taxi firm ComfortDelGro for new Singapore service


SINGAPORE: Uber Technologies and Singapore's top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab.

You can read more here: Uber partners with taxi firm ComfortDelGro for new Singapore service

Startup eco-system looks forward to the budget for addressing tax dilemma


NEW DELHI: The Indian startup eco-system is looking forward to the union budget eagerly for addressing the tax dilemma. With high-quality entrepreneurs, good ideas and the very important funding ecosystem, startups have become an integral part of the India's economic growth and job creation.

You can read more here: Startup eco-system looks forward to the budget for addressing tax dilemma

Next couple of years seem good for Indian and global equities: Neeraj Deewan, Quantum Securities


Talking to ET Now, Neeraj Deewan, Quantum Securities , says many positives build up, people who are feeling left out, start chasing the market. The markets are at fresh lifetime highs. Over a period of five years, this has been the most powerful rally coming into an event like the budget.

You can read more here: Next couple of years seem good for Indian and global equities: Neeraj Deewan, Quantum Securities

GST Council Meet: Ease of compliance expected, rate cut for goods & services


The GST Council is meeting for the 25th time today under the backdrop of declining collections, but is likely to come up with some sweeping changes. The most significant change expected is the reduction in the number of returns a taxpayer needs to fill every year.

You can read more here: GST Council Meet: Ease of compliance expected, rate cut for goods & services

Wednesday, 17 January 2018

Venture debt investors see scope to deploy Rs 2000-cr in startup market this year


MUMBAI: Last year has been a blowout year for the Indian startup ecosystem with venture capital investors having poured in over $2.8 billion into startups, not counting strategic investors.

You can read more here: Venture debt investors see scope to deploy Rs 2000-cr in startup market this year

MobiKwik reports 16% jump in losses despite digital payments boom


BENGALURU: Mobile wallet company MobiKwik has reported a 16% increase in its losses for the year ended March 2017 at Rs 132.8 crore despite it being a landmark year for digital payments in the country mainly because of muted revenue growth.

You can read more here: MobiKwik reports 16% jump in losses despite digital payments boom

E-retail players Amazon India, Flipkart seek time to adopt MRP norms


BENGALURU: Online retail players such as Amazon India, Flipkart and Snapdeal have asked the government for more time to adhere to the new rules that mandate them to display maximum retail price and expiry details of packaged products sold on their platforms.

You can read more here: E-retail players Amazon India, Flipkart seek time to adopt MRP norms

Allow honest promoters to bid for assets: Anil Agarwal, Vedanta Group Chairman


NEW DELHI: Promoters whose debt-laden companies are being auctioned by banks should be allowed to make a bid for their own firm if they have not siphoned off money, said Vedanta Group chairman Anil Agarwal, who has himself bid for Electrosteel which will help add 10%-20% value to his iron ore busine

You can read more here: Allow honest promoters to bid for assets: Anil Agarwal, Vedanta Group Chairman

JSW highest bidder for Binani Cement


MUMBAI: Sajjan Jindal's JSW Group has emerged as the highest bidder for Binani Cement, exceeding submissions from billionaire Rakesh Jhunjhunwala and UltraTech, said three people familiar with the development. JSW's bid is worth about Rs 5,900 crore, they said.

You can read more here: JSW highest bidder for Binani Cement

Burns & McDonnell Takes Part in Nearly $8 Billion in Project Kickoffs, Completions for 2018


SUGAR LAND--January 17, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering News-Record named Burns & McDonnell Incorporated (Kansas City, Missouri) its top design firm for 2017 in the Power Generation and Transmission & Distribution (T&D) sectors.

You can read more here: Burns & McDonnell Takes Part in Nearly $8 Billion in Project Kickoffs, Completions for 2018

PROJECT: Stickley-inspired Bookcase


There seems to be a cyclical nature to shop sizes — most woodworkers start small when they take up the craft, then end with small shops again late in life.

You can read more here: PROJECT: Stickley-inspired Bookcase

How startup lessons from Israel can turn India to an innovation economy


With India and Israel in the spotlight now, it is the most appropriate time to note how technological innovations have driven growth all over the world and brought prosperity to all countries. To be competitive in the world arena, it is important to nurture an 'Innovation Economy'.

You can read more here: How startup lessons from Israel can turn India to an innovation economy

Puravankara to invest Rs 600 crore on low-cost housing project


NEW DELHI: Realty firm Puravankara Ltd today said it will invest Rs 600 crore to construct an affordable housing project in Bengaluru.

You can read more here: Puravankara to invest Rs 600 crore on low-cost housing project

Zerodha’s client base grows over 6 lakhs, Gujarat tops the list


AHMEDABAD: Zerodha, technology-driven zero brokerage startup, shared its overall growth numbers for this financial year, where it announced that its current customer/user based has grown over 6 lakh compared from 2.

You can read more here: Zerodha’s client base grows over 6 lakhs, Gujarat tops the list

Come chop or churn, Madhu Kela is bullish on 2 spaces in long term


Talking to ET Now, Madhu Kela , Market Expert, says PSU banks and economy related construction plays over next three years. And yes, he does not see a massive market correction internationally at least in first half of 2018. The dream run continues.

You can read more here: Come chop or churn, Madhu Kela is bullish on 2 spaces in long term

InMobi hires Marc Steifman as chief financial officer


BENGALURU: Mobile advertising platform InMobi has announced the appointment of Marc Steifman as the company's chief financial officer, said a company statement issued today. Steifman has over two decades of experience working in investment banking focused on growth companies.

You can read more here: InMobi hires Marc Steifman as chief financial officer

Milwaukee Wrench Review


As you know Milwaukee Tool isn’t shy about releasing new tools.  Now, this is probably an exaggeration but it seems like Milwaukee releases more tools each year than all other power tool manufacturers combined.

You can read more here: Milwaukee Wrench Review

Edtech sector growing fast; poor digital infra big challenge


NEW DELHI: Online education is growing fast in India as candidates take the e-route to gain new skills but poor digital infrastructure and low completion rates are the top challenges facing this sector, say experts.

You can read more here: Edtech sector growing fast; poor digital infra big challenge

Expect fiscal deficit for year at around 3.4% of GDP: Upasna Bhardwaj, Kotak Mahindra Bank


Talking to ET Now, Upasna Bhardwaj , Economist, Kotak Mahindra Bank , says , we expect a reversal in trend and crude should probably stabilise somewhere around $65 as against current range of $69 to $71 as winter ends.

You can read more here: Expect fiscal deficit for year at around 3.4% of GDP: Upasna Bhardwaj, Kotak Mahindra Bank

Tata CLiQ, Unicommerce forge strategic partnership for omnichannel service


MUMBAI: Tata group's e-commerce venture Tata Cliq has entered into a strategic partnership with omni-channel solution provider Unicommerce to further enhance its omni-channel capabilities for brands registered its platform.

You can read more here: Tata CLiQ, Unicommerce forge strategic partnership for omnichannel service

Top 3 trends managers are bullish on in CY18: Kaustubh Belapurkar, Morningstar Investment


In an interview with ET Now, Kaustubh Belapurkar, Morningstar Investment, says the three trends that fund managers are bullish in calender year 2018 are financials, utility space including NTPC and GAIL and the third trend is contra play in 3 sectors - specific stocks in telecom, pharma and IT.

You can read more here: Top 3 trends managers are bullish on in CY18: Kaustubh Belapurkar, Morningstar Investment

Grab acquires Indian payments startup iKaaz


NEW DELHI: Southeast Asian ride-hailing firm Grab today said it has acquired Bengaluru-based payments startup iKaaz to strengthen its payments platform.

You can read more here: Grab acquires Indian payments startup iKaaz

If crude prices go above $70-80, all the math goes out of the window: R Sreesankar, Prabhudas Lilladher


Talking to ET Now, R Sreesankar , Head-Institutional Equities, Prabhudas Lilladher , says this year, with an election budget, the government could throw caution to the winds as far as fiscal consolidation is concerned.

You can read more here: If crude prices go above $70-80, all the math goes out of the window: R Sreesankar, Prabhudas Lilladher

AxisRooms completes integration and connectivity to Goomo.com


NEW DELHI: With the aim of ramping up its hotel business, AxisRooms has completed its integration with online travel agent Goomo. Mutual customer hotels can now update rate and availability on the online booking channel and receive reservations in their PMS in real-time.

You can read more here: AxisRooms completes integration and connectivity to Goomo.com

Paytm Mall looks to recruit 150 engineering and management graduates


BENGALURU: Paytm Mall, owned by Paytm Ecommerce, has announced its plans to strengthen its team by hiring top talent from India's premier technology and management institutions, said a company statement on Wednesday.

You can read more here: Paytm Mall looks to recruit 150 engineering and management graduates

3 reasons one should remain nervous on FX and bonds: Ananth Narayan


In an interview with ET Now, Ananth Narayan , money market expert, says , the uncertainty in the fiscal space, the commodity price and the global context, the question mark about bond yields and monetary policy will remain despite the relief you are seeing today.

You can read more here: 3 reasons one should remain nervous on FX and bonds: Ananth Narayan

Facebook and YouTube helping MSMEs drive business growth


BENGALURU: Facebook and YouTube have become the platforms of choice for the Indian Micro, Small and Medium Enterprises (MSMEs), accounting for 80 per cent of their total social media traffic, followed by , Blogger and Quora, a report said on Wednesday.

You can read more here: Facebook and YouTube helping MSMEs drive business growth

Budget 2018: Secondary steel makers demand removal of import duty on scrap


Secondary steel industry body All India Induction Furnaces Association (AIIFA) has urged the government to remove 2.5 per cent import duty on steel melting scrap in the upcoming budget.

You can read more here: Budget 2018: Secondary steel makers demand removal of import duty on scrap

Aluminium players seek government salve to heal cost wounds


BHUBANESWAR: Indian aluminium players are seeking government intervention to mitigate an increase in costs that has negated any benefit that could be reaped from the record high global prices prevailing for the past few quarters.

You can read more here: Aluminium players seek government salve to heal cost wounds

Tuesday, 16 January 2018

Look at fiscal deficit with a long-term view: Daniel Pinto, JPMorgan


Global growth is likely to sustain its momentum but investors should guard against complacency in financial markets, said Daniel Pinto , head of JPMorgan's corporate and investment banking.

You can read more here: Look at fiscal deficit with a long-term view: Daniel Pinto, JPMorgan

Silicon Valley-based company charts tax-free route for angel investors in India


BENGALURU: AngelList, the Silicon Valley-based crowdfunding platform, is set to offer angel investors in India a route to invest in startups which will not be liable for angel tax, an issue that has impacted angel investing in India.

You can read more here: Silicon Valley-based company charts tax-free route for angel investors in India

PM Modi, Netanyahu to inaugurate entrepreneurship centre in Ahmedabad


AHMEDABAD: A little over six years ago, a group of entrepreneurs was granted a 15-minute window to pitch its idea of an incubator to the then chief minister of Gujarat, Narendra Modi, and highlight the importance of entrepreneurship and an ecosystem for startups.

You can read more here: PM Modi, Netanyahu to inaugurate entrepreneurship centre in Ahmedabad

Fashion ecommerce firms like Flipkart, Myntra uncover fake product returns


BENGALURU: The fledgling online fashion retailer was no match for the fraudulent ingenuity of the engineering students from Kanpur. The students would order branded clothes, stitch the labels on inferior locally made replicas, and claim a refund on the imitations citing bad fit.

You can read more here: Fashion ecommerce firms like Flipkart, Myntra uncover fake product returns

need2know: 9 macro triggers that should matter for market today


Hello! Here's a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds.

You can read more here: need2know: 9 macro triggers that should matter for market today

Bayer confident of Monsanto acquisition


NEW DELHI: German chemicals giant Bayer is confident of its acquisition of US-based Monsanto, as it awaits approval from the Competition Commission of India (CCI) to go ahead with the $66 billion merger, a top executive of the company has said.

You can read more here: Bayer confident of Monsanto acquisition

Online housekeeping services cos UrbanClap, Quikr seek tax parity with offline players


MUMBAI: Online housekeeping services startups such as UrbanClap, Housejoy and Quikr have approached the government seeking a leeway on goods and services tax, either in the form of a concessional rate or inclusion in the composition scheme where the rate is lower and flat.

You can read more here: Online housekeeping services cos UrbanClap, Quikr seek tax parity with offline players

Bring petroleum and natural gas products under GST: CII


Industry body Confederation of Indian Industry (CII) on Tuesday sought the inclusion of petroleum and natural gas products under the unified indirect tax regime GST at the earliest.

Days are Getting Longer


Here on the tundra, we keep a close eye on the hours of sunlight per day. It is a great hope for the coming of spring as each day we get a couple minutes more of sunshine.

You can read more here: Days are Getting Longer

Making Raised Panel Doors with a Table Saw


Learn how to make a raised panel door using cuts from your standard table saw. We’ll show all the small steps you’ll need to make this project a breeze.

You can read more here: Making Raised Panel Doors with a Table Saw

Tiger Wood Cabinet


This is a cabinet I made from scrap tiger-wood decking offcuts and is 72″ wide x 24″ deep and 31″ high.

You can read more here: Tiger Wood Cabinet

Woodworkers’ New Year’s Resolutions


In last week’s Woodworker’s Journal Weekly, we asked about your woodworking New Year’s resolutions. As we suspected, among woodworkers, “learn a new skill” ranks much higher than the fifth place overall it gets when lumped in with the general resolution-making populace. – Editor

You can read more here: Woodworkers’ New Year’s Resolutions

Steel makers misusing protectionist measures: EEPC India


NEW DELHI: Apex engineering export organisation EEPC India has alleged that domestic steel producers are taking undue advantage of the protectionist measures taken by the government.

You can read more here: Steel makers misusing protectionist measures: EEPC India

How to Control Your House From Your Phone


Imagine feeding your fish from thousands of miles away with an app on your smartphone. Smartphones have led to the development of smart devices and applications to control them. While it may seem unnecessary to control your coffeemaker from your smartphone, you can do it.

You can read more here: How to Control Your House From Your Phone

BORA Pedestal Roller Duo


BORA Portamate has two new solutions to provide extra workpiece support when using table saws and other shop machinery: the Adjustable Pedestal Roller (model PM-5090) and Tri-Function Multi-Directional Pedestal Roller (model PM-5093).

You can read more here: BORA Pedestal Roller Duo

RYOBI 18V Airstrike Pin Nailer


RYOBI’s new P318 23-gauge Pin Nailer works with Airstrike Technology: this 18-volt cordless tool requires no compressor, gas cartridges or hoses for operation. The P318 accepts 1/2- to 1-3/8-in. pin nails and has the capacity to drive up to 3,500 on a single battery charge.

You can read more here: RYOBI 18V Airstrike Pin Nailer

Best Glue for-gluing Table Legs?


My mother-in-law has an old table with three legs that attach by dowels and glue to a center spindle. These legs have come unglued. The table is very old as it was a hand-me-down from her grandmother, and I assume that the glue is hide glue, but I am not sure.

You can read more here: Best Glue for-gluing Table Legs?

Milwaukee Tool Expands Brookfield Facility


In a continuing effort to meet the demands of its growing workforce, Brookfield, Wisconsin-based Milwaukee Tool recently completed a 200,000-sq.-ft., four-story addition to its headquarters. At a cost of more than $33 million, the project effectively doubles the company’s office space footprint.

You can read more here: Milwaukee Tool Expands Brookfield Facility

Diablo Hole Saw Review


Almost every power tool manufacturer has some sort of power tool accessory such as a hole saw.  But as you know they are not all created equal.  Over the years we have reviewed some great hole saw kits and others that probably shouldn’t be on the market.

You can read more here: Diablo Hole Saw Review

Assocham seeks 10 per cent import duty on chemical pulp


Industry body Assocham today urged the Centre to impose 10 per cent customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) to encourage domestic pulp production.

You can read more here: Assocham seeks 10 per cent import duty on chemical pulp

Former IFMR executives’ run Kaleidofin partners with SEWA Bank


MUMBAI: Fintech firm Kaleidofin has partnered with SEWA Bank to provide digital financial solutions to the bank's customer base.

You can read more here: Former IFMR executives’ run Kaleidofin partners with SEWA Bank

Snapdeal-HDFC Bank credit card crosses 1.5 lakh users


Frequency of purchases for Snapdeal card holders too shot up by 1.5 times, with the buyers moving away from cash-on-delivery for orders. MUMBAI: E-commerce portal Snapdeal's co-branded credit card with HDFC Bank has crossed over 1.5 lakh users since inception in August 2016.

You can read more here: Snapdeal-HDFC Bank credit card crosses 1.5 lakh users

Our business is very sticky and 72-80% comes from existing accounts: Virender Jeet, Newgen Software


Talking to ET Now, Virender Jeet , Senior VP, Newgen Software , says so far they are present only in a very small part of the market including India, Middle East and Asia Pacific. As the market opens in North America and Europe, a large addressable space gets available.

You can read more here: Our business is very sticky and 72-80% comes from existing accounts: Virender Jeet, Newgen Software

Betting on these 3 big themes in 2018: Gautam Duggad, Motilal Oswal Securities


Talking to ET Now, Gautam Duggad , Head Of Research, Motilal Oswal Securities Ltd ( MOSL), says bullish on three big themes of consumption, cyclical financials and gradual recovery in private capex from CY18 perspective.

You can read more here: Betting on these 3 big themes in 2018: Gautam Duggad, Motilal Oswal Securities

JSW commits Rs 10,000 crore investment in Bengal


KOLKATA: JSW Group will make fresh investments of Rs 10,000 crore in Bengal, Sajjan Jindal chairman of the steel, cement and power conglomerate announced on Tuesday.

You can read more here: JSW commits Rs 10,000 crore investment in Bengal

Monday, 15 January 2018

More than meets the eye: A simple, low-cost paper device can tell if you need a pair of glasses


During the screening programs in villages and camps, Veerendranath Pesala, an Optometrist at the LV Prasad Eye Institute (LVPEI) was bothered by the lack of effectiveness of the traditional on-the-field methods to diagnose problems related to eyesight.

You can read more here: More than meets the eye: A simple, low-cost paper device can tell if you need a pair of glasses

JD.com targets $2-billion fundraising for logistics unit


HONG KONG: China’s second biggest ecommerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said. JD.

You can read more here: JD.com targets $2-billion fundraising for logistics unit

Sandeep Ramchandani appointed Global CEO of Radix


BENGALURU: Radix, the Dubai-headquartered domain registry and a subsidiary of Directi group founded by Bhavin and Divyank Turakhia, has appointed its business head Sandeep Ramchandani as the global CEO. Ramchandani has been with Directi since 2003 and with Radix since it was launched in 2012.

You can read more here: Sandeep Ramchandani appointed Global CEO of Radix

Chinese bicycle-sharing platform Ofo to be available on Paytm app


BENGALURU: Ofo, the Chinese bicycle-sharing platform operated via a mobile app, which has launched across multiple cities in the country, will be supported in India on the Paytm app. Both companies share a common investor in Alibaba. Ofo has operations in over 250 cities across 20 countries.

You can read more here: Chinese bicycle-sharing platform Ofo to be available on Paytm app

Sidbi India Opportunities Fund invests in Corporatedge


BENGALURU: Sidbi India Opportunities Fund, the venture capital arm of the Small Industries Development Bank of India, has invested in Corporatedge, which provides fully-serviced offices, virtual offices, meeting rooms and coworking spaces for companies ranging from startups to multinational co

You can read more here: Sidbi India Opportunities Fund invests in Corporatedge

Truecaller users can now backup contacts on Google Drive


NEW DELHI: Truecaller on Monday launched ‘Truecaller Backup’ feature for Android devices which allows users to backup and restore their contacts, call history, block list and settings to Google Drive.

You can read more here: Truecaller users can now backup contacts on Google Drive

With new clothes as cheap as used ones, Panipat’s recycling industry goes out of fashion


For decades, the donation bin has offered consumers in rich countries a guilt-free way to unload their old clothing.

You can read more here: With new clothes as cheap as used ones, Panipat’s recycling industry goes out of fashion

Markets appear overvalued, India is no exception: Rupal Bhansali, Ariel Investments


Rupal Bhansali , chief investment officer-international and global equities, Ariel Investments , said complacency is manifesting itself in global markets in the form of low volatility and low liquidity, and one should watch out for the US high yield market to assess the market's risk appetite.

You can read more here: Markets appear overvalued, India is no exception: Rupal Bhansali, Ariel Investments

WeChat’s tipping button to return after Apple deal


HONG KONG: China’s largest social media platform WeChat plans to resurrect its “tipping” feature used to send cash to content creators, after removing it from Apple’s iOS devices last year over an app-store rules dispute with the US firm.

You can read more here: WeChat’s tipping button to return after Apple deal

Social media influencers find a perfect picture on instagram feed


BENGALURU: First, there were the bloggers helping fashionistas keep track of the latest in global trends or foodies chase the newest restaurant in town, and making good money off that. Now, there are Instagrammers making careers out of posting photographs online.

You can read more here: Social media influencers find a perfect picture on instagram feed

Bhavin Turakhia-promoted Zeta puts funds in PeopleStrong HR Services


NEW DELHI: Digital payments and meal vouchers company Zeta, which is promoted by Bhavin Turakhia, has invested an undisclosed sum in Gurugram-based PeopleStrong HR Services for a minority stake, according to a senior executive.

You can read more here: Bhavin Turakhia-promoted Zeta puts funds in PeopleStrong HR Services

Razorpay gets $20 million to fend off rivals like PayPal, Stripe


BENGALURU: Payments company Razorpay has raised $20 million in a round led by existing investors Y Combinator and Tiger Global as well as Matrix Partners, as it looks to fight off competition from global players such as PayPal and Stripe. Razorpay had earlier raised $11.

You can read more here: Razorpay gets $20 million to fend off rivals like PayPal, Stripe



You can read more here:

UIDAI adds another security layer to Aadhaar, introduces face recognition


NEW DELHI: The Unique Identification Authority of India (UIDAI) has introduced face recognition, in addition to existing modes, in order to provide more choice to citizens using Aadhaar for authentication.

You can read more here: UIDAI adds another security layer to Aadhaar, introduces face recognition

need2know: 9 macro cues for your day on D-Street


Hello! Here's a lowdown on top macro triggers that may move market on Tuesday. This report was compiled from agency feeds.

You can read more here: need2know: 9 macro cues for your day on D-Street

Ruias ready forces for a comeback at Essar Steel


MUMBAI: Essar Steel promoters Shashi and Ravi Ruia are working toward setting up a consortium to bid for the company that's in the midst of bankruptcy proceedings at the National Company Law Tribunal (NCLT), said several people aware of the matter.

You can read more here: Ruias ready forces for a comeback at Essar Steel

Rakesh Jhunjhunwala, Radhakishan Damani team up as race for Binani Cement intensifies


MUMBAI: Billionaires Rakesh Jhunjhunwala and D-Mart promoter Radhakishan Damani teamed up to bid for Binani Cement, two senior executives in the know of the matter said, intensifying the race for the company which is facing bankruptcy proceedings from its lenders.

You can read more here: Rakesh Jhunjhunwala, Radhakishan Damani team up as race for Binani Cement intensifies

Reclaimed wood: Bringing the old back to life


Unless you have been trapped under a rock for the past decade, anyone interested in woodworking is already well aware of the meteoric rise that reclaimed wood has seen.

You can read more here: Reclaimed wood: Bringing the old back to life

Ontario’s Chervin benefits from connectivity in move to Industry 4.0


CHARLOTTE, N.C. -- Chervin is located in an area of traditional furniture making, but is seeking to move into the future of manufacturing. The complete custom kitchen and hotel furniture manufacturing company is located in Hawkesville, Ontario, near Kitchener.

You can read more here: Ontario’s Chervin benefits from connectivity in move to Industry 4.0

HGTV's Joanna Gaines wants $150K/hr to sit in on furniture lawsuit


HGTV and Fixer Upper star Joanna Gaines wants $150,000 an hour to sit in on a lawsuit deposition involving her Magnolia Home furniture line.

You can read more here: HGTV's Joanna Gaines wants $150K/hr to sit in on furniture lawsuit

India increases engagement with Myanmar


GUWAHATI: Assam based Numaligarh Refinery Limited (NRL) has exported 20 Metric Tonnes of Wax to Myanmar, a development that underlines India's increasing engagement with its eastern country. Earlier NRL has exported diesel to Myanmar.

You can read more here: India increases engagement with Myanmar

JSW Cement inaugurates 2.4 mtpa manufacturing unit at Salboni


KOLKATA: JSW Cement announced the inauguration of its 2.4 million tonne per annum (mtpa) manufacturing unit at Salboni in West Bengal. State chief minister, Mamata Banerjee, inaugurated the state-of-the-art cement manufacturing unit at a function on Monday.

You can read more here: JSW Cement inaugurates 2.4 mtpa manufacturing unit at Salboni

PE investments in realty up 17% in '17,dips 29% in residential


MUMBAI: Private equity investments in residential real estate declined almost 29 per cent in 2017 to Rs 15,600 crore as against 2016, mainly due to subdued market sentiment and implementation of various reforms that resulted in delay of home launches, a recent study said.

You can read more here: PE investments in realty up 17% in '17,dips 29% in residential

Jaarvis Accelerator shuts India operations, write-off investments


Hong Kong-based startup accelerator Jaarvis is shutting down its India operations, a person privy to the development told ET online. The accelerator, which had set up its shop in India in 2015, is also in the process of writing off investments in its portfolio.

You can read more here: Jaarvis Accelerator shuts India operations, write-off investments

There could be be a lot of surprises on the negative side this year: Prasanth Prabhakaran, Yes Securities


Talking to ET Now, Prasanth Prabhakaran , Sr President & CEO, Yes Securities , says in next year, spend 4% to 5% of the gains that you have garnered to buy protection.

You can read more here: There could be be a lot of surprises on the negative side this year: Prasanth Prabhakaran, Yes Securities

Therm Pro TP-08 Review


I know we are a power tool website, but that doesn’t mean we don’t have other hobbies. One of my favorite things to do (besides hanging out with my family) is smoking meat and having a BBQ.

You can read more here: Therm Pro TP-08 Review

Amazon Prime signs content deal with Zee Music Company


MUMBAI: Ecommerce major Amazon has signed a content deal with Zee Music Company for its upcoming music streaming service, Amazon Prime Music.

You can read more here: Amazon Prime signs content deal with Zee Music Company

Our target is 12000 for Nifty by March 2019: Nirav Sheth, SBICAPS Securities


Talking to ET Now, Nirav Sheth , Head - Institutional Equities, SBICAPS Securities, says the real great thing that has happened in the last six months is that growth seems to be accelerating across the world.

You can read more here: Our target is 12000 for Nifty by March 2019: Nirav Sheth, SBICAPS Securities

Choosing an Investment Model for India’s Medical Devices Industry


India’s medical devices industry can attract up to 100 percent FDI. However, companies should be careful when planning their entry strategy and must have a thorough understanding of the industry’s regulations.

The post Choosing an Investment Model for India’s Medical Devices Industry appeared first on India Briefing News.

Paytm's senior vice president Krishna Hegde quits


Months after being appointed as the head of the lending business of Paytm, senior vice-president Krishna Hegde has quit the Noida-based company. The development was confirmed by sources inside the company and ET Rise has reached out to both Paytm and Hegde for their comments.

You can read more here: Paytm's senior vice president Krishna Hegde quits

The trend to move to asset-heavy stocks will continue: Anish Damania, IDFC Securities


Talking to ET Now, Anish Damania, IDFC Securities , says we have started seeing the asset heavy industries performing and the valuation gap between the asset heavy industries and the asset light industries is significantly higher both globally as well as in India. Edited excerpts:

You can read more here: The trend to move to asset-heavy stocks will continue: Anish Damania, IDFC Securities

India-Israel-US strengthen trilateral ties at Nasscom's Tech Triangle Summit


NEW DELHI: Building on the growing convergence between India and Israel, the Tech Triangle Summit today saw a gathering of entrepreneurs, government officials and investors from the two nations and the US.

You can read more here: India-Israel-US strengthen trilateral ties at Nasscom's Tech Triangle Summit

Larsen & Toubro wins Rs 1,310 crore contracts


NEW DELHI: Engineering giant Larsen & Toubro (L&T) today said its construction arm has won contracts worth Rs 1,310 crore in various business segments.

You can read more here: Larsen & Toubro wins Rs 1,310 crore contracts

Govt can abolish dividend distribution tax for cos, but tax the recipient: R Shankar Raman, L&T


The biggest lever that the government has in its budgetary plan is the tax revenue receipts. Abolishing dividend distribution tax on companies and taxing the recipients instead and taxing rich agriculturists can be a solution, says R Shankar Raman , CFO, L&T , in an interview with ET Now.

You can read more here: Govt can abolish dividend distribution tax for cos, but tax the recipient: R Shankar Raman, L&T

Razorpay raises $20 million from Tiger Global, others


NEW DELHI: Payments solutions firm Razorpay on Monday said it has raised $20 million in funding led by Tiger Global and Y Combinator. The series B round also saw participation from Matrix Partners. The company has raised $31.5 million till date, including from the present round.

You can read more here: Razorpay raises $20 million from Tiger Global, others

Budget won’t affect market much, but rising yields would hit liquidity: Ajay Srivastava, Dimensions Consulting


Talking to ET Now, Ajay Srivastava , CEO, Dimensions Consulting , says if the yields start to move dramatically up and the banks start to borrow money back at 8%, 9%, 10% rate, you will see some amount of slowing down in the liquidity in the market.

You can read more here: Budget won’t affect market much, but rising yields would hit liquidity: Ajay Srivastava, Dimensions Consulting

The fall of Travis Kalanick was a lot weirder and darker than you thought

A year ago, before the investor lawsuits and the federal investigations, before the mass resignations, and before the connotation of the wo...