Tuesday, 20 February 2018

Pace of fall has reduced, Bank Nifty could correct upwards: Deepak Jasani, HDFC Securities


Talking to ET Now, Deepak Jasani, HDFC Securities , says any corrective action that the RBI or the finance ministry takes in this regard, will be crucially watched.

You can read more here: Pace of fall has reduced, Bank Nifty could correct upwards: Deepak Jasani, HDFC Securities

Nasscom guidance in line with expectation: Apurva Prasad, HDFC Securities


Talking to ET Now, Apurva Prasad, HDFC Securities, says incrementally digital will continue to be driving growth ahead. Edited excerpts: Does the Nasscom projection of IT sector growth come in line with your estimates? Yes, it is pretty much there.

You can read more here: Nasscom guidance in line with expectation: Apurva Prasad, HDFC Securities

Government allows private companies to bid for coal mines for commercial production


Coal accounts for 70 percent of India's power generation, and the country has a target to produce 1 billion tonnes by 2022.

You can read more here: Government allows private companies to bid for coal mines for commercial production

Monday, 19 February 2018

To see what drives a tech company, look who has a desk near the boss


MOUNTAIN VIEW, California: If you want to understand the priorities of a technology company, first look at the seating chart. At Google’s Silicon Valley headquarters, the chief executive, Sundar Pichai, now shares a floor with Google Brain, a research lab dedicated to artificial intelligence.

You can read more here: To see what drives a tech company, look who has a desk near the boss

Walmart-Flipkart link may include a retail chain in India


BENGALURU: Walmart’s investment negotiations with Flipkart include a proposal to open a chain of retail stores in India, according to an investment banker familiar with the developments, which could finally allow the companies to realise their long-harboured ambitions.

You can read more here: Walmart-Flipkart link may include a retail chain in India

Negativity made me try harder: Sashank Rishyasringa, Capital Float


After returning from Stanford University, having completed my management degree, I was looking at various business opportunities across ecommerce, digital lending, transportation and others.

You can read more here: Negativity made me try harder: Sashank Rishyasringa, Capital Float

India, Canada pact to open a $19-trillion market for startups


MUMBAI: In a bid to boost cross-border exchange of technology talent, India has signed a bilateral agreement with Canada to facilitate market access for startups from both countries.

You can read more here: India, Canada pact to open a $19-trillion market for startups

Digital authentication startup eMudhra looks to make a mark abroad


BENGALURU: Digital signature and authentication startup eMudhra is banking on further digitisation of internal systems by corporate India to support its growth plans.

You can read more here: Digital authentication startup eMudhra looks to make a mark abroad

Amazon hires man who started Flipkart's 'pay later' scheme


BENGALURU: Amazon has roped in Mayank Jain, who was till recently a senior executive at rival Flipkart, where he was heading financial services for the company. He has joined Amazon’s payments team. Jain had quit Flipkart in July last year, after over four years with the Bengaluru-based company.

You can read more here: Amazon hires man who started Flipkart's 'pay later' scheme

Need to reskill workforce on disruptive technology: PM Narendra Modi


HYDERABAD: Prime Minister Narendra Modi has urged the salaried class to reflect on changing nature of jobs in the backdrop of increasing adoption of artificial intelligence and automation among corporates, and emphasised the need for reskilling existing workforce on emerging technologies.

You can read more here: Need to reskill workforce on disruptive technology: PM Narendra Modi

Japan’s Sumitomo to take joint venture route to enter Indian realty


MUMBAI: Tokyo-based diversified conglomerate Sumitomo Corporation is set to form a joint venture with an Indian company to build integrated township projects across the country, two persons familiar with the development said.

You can read more here: Japan’s Sumitomo to take joint venture route to enter Indian realty

India poised to lead next phase of product innovation: Shantanu Narayen, Adobe


Hyderabad-born Shantanu Narayen, chairman, Adobe, is one of the most famous Indian executives to lead US technology giants along with Sundar Pichai of Google and Satya Nadella of Microsoft.

You can read more here: India poised to lead next phase of product innovation: Shantanu Narayen, Adobe

Zo Rooms takes Oyo to court for 'data theft'


NEW DELHI: Tiger Global-backed online hospitality aggregator Zo Rooms has dragged Softbank-funded Oyo Rooms to a Gurugram court allegedly for stealing its data while conducting a due diligence of Zo Rooms as part of a failed acquisition attempt by Oyo.

You can read more here: Zo Rooms takes Oyo to court for 'data theft'

There are signs of credit growth and private capex: Shashank Joshi, Bank of Tokyo-Mitsubishi


The fraud at Punjab National Bank is unlikely to hurt global investor confidence, with the timebound bankruptcy resolution process helping reinforce the belief that funds and assets in India would now move to more productive managements, says Shashank Joshi , head of corporate banking at the Bank of

You can read more here: There are signs of credit growth and private capex: Shashank Joshi, Bank of Tokyo-Mitsubishi

As global juggernaut rolls into Indian digital payments, local peers fret and fuss over retaining position


Facebook is openly colonising our payments system and customising UPI for its benefit. UPI was built as an IndiaStack; now some American monopoly armtwists UPI for customer implementation.” This was no Valentine’s Day missive from Vijay Shekhar Sharma.

You can read more here: As global juggernaut rolls into Indian digital payments, local peers fret and fuss over retaining position

Startups that raised funds from angel investors face tax scrutiny


MUMBAI: The so-called angel tax may not be quite dead yet.

You can read more here: Startups that raised funds from angel investors face tax scrutiny

Startups find innovative ways to make new joinees feel at home


BENGALURU: A software professional who recently joined consumer lending startup MoneyTap as a senior Android developer was taken aback when asked to recount the most embarrassing incident from his life at an all-hands meeting during his first week at work.

You can read more here: Startups find innovative ways to make new joinees feel at home

England plans $31 million residential furniture expansion, will create 202 jobs


NEW TAZEWELL, Tenn. – England Furniture will invest $31 million to expand its New Tazewell, Tennessee, residential furniture operation, creating 202 jobs.

You can read more here: England plans $31 million residential furniture expansion, will create 202 jobs

Binani Industries approaches to NCLT over Binani Cement sale


NEW DELHI: Binani Industries has approached the National Company Law Tribunal (NCLT) seeking permission to participate in the decision making process for the sale of its debt ridden subsidiary Binani Cement Ltd by the Committee of Creditors.

You can read more here: Binani Industries approaches to NCLT over Binani Cement sale

SpringRole appoints Alex Waters as advisor


BENGALURU: SpringRole, the Bengaluru-based online reputation network powered by artificial intelligence and blockchain technology, has appointed Alex Waters, co-founder and head of ELM Labs, as an advisor.

You can read more here: SpringRole appoints Alex Waters as advisor

Tata Steel, JSW-Piramal JV bid for Bhushan Steel


Debt-laden Bhushan Steel Ltd today said Tata Steel, JSW Living Pvt Ltd and a consortium of the company's own employees have submitted bids to take over its assets.

You can read more here: Tata Steel, JSW-Piramal JV bid for Bhushan Steel

At lower points, expect FIIs to start buying good Indian stocks: Sanjeev Zarbade, Kotak Securities


Talking to ET Now, Sanjeev Zarbade , Vice President-PCG Research, Kotak Securities , says would be more positive on large-cap companies. He finds midcap spacy quite frothy. The overall markets are coming under quite a bit of pressure.

You can read more here: At lower points, expect FIIs to start buying good Indian stocks: Sanjeev Zarbade, Kotak Securities

Market giving PSU banks a step-motherly treatment right now: Yogesh Mehta, Motilal Oswal Securities


Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities , says already PSU banks have piled up huge NPAs. Barring one or two, the rest all are still bleeding. The price action is indicating that nobody is interested in buying PSU banks.

You can read more here: Market giving PSU banks a step-motherly treatment right now: Yogesh Mehta, Motilal Oswal Securities

Pay utility bills now with Google 'Tez'


NEW DELHI: Google India on Monday announced that people can now pay water, electricity, DTH and mobile bills with its "Tez" digital payment app without any transaction charges.

You can read more here: Pay utility bills now with Google 'Tez'

Nasscom launches platform FutureSkills to reskill 2 million IT workers


BENGALURU: The National Association of Software and Services Companies launched a platform - FutureSkills - through which is hopes to reskill two million existing IT employees and another two million potential employees and students over the next few years.

You can read more here: Nasscom launches platform FutureSkills to reskill 2 million IT workers

Why Mark Mobius still prefers govt-owned cos in India & China


In an exclusive interview with ET Now, Mark Mobius , Former Executive Chairman, Templeton Emerging Market Group , says it is going to be more about which consumer stocks are utilising the new technology, which banks are using fintech and that is the kind of thing we have to look at.

You can read more here: Why Mark Mobius still prefers govt-owned cos in India & China

E-retailing may log in 2.5 times growth in three years


MUMBAI: The booming e-retail market is likely to surge over twofold over the next three years, as players will be forced to shift their focus from discounts to consolidation, geographical diversification, business realignment and enhancing customer stickiness, says a report.

You can read more here: E-retailing may log in 2.5 times growth in three years

PM Modi at World Congress: Digital India has become a way of life


Addressing the World Conference on Information Technology via video conference, PM Modi stressed on the importance of technology in today's world. Digital India has not remained merely a Government initiative, but has become a way of life, said Modi.

You can read more here: PM Modi at World Congress: Digital India has become a way of life

RBI seems to have forgotten its supervisory role and became an inflation targeter: Mythili Bhusnurmath


Talking to ET Now, Mythili Bhusnurmath , Consulting Editor, says bank frauds and government bailouts are common all over the world.

You can read more here: RBI seems to have forgotten its supervisory role and became an inflation targeter: Mythili Bhusnurmath

We have cracked the Rs 8-20 lakh housing segment: Arun Nanda, Mahindra LifeSpace


Talking to ET Now, Arun Nanda , Chairman, Mahindra LifeSpace , says for the affordable segment, the GST will have to be reduced if the prime minister’s vision of housing for all for 2022 has to be met.

You can read more here: We have cracked the Rs 8-20 lakh housing segment: Arun Nanda, Mahindra LifeSpace

TiE's white paper resulted in the Startup India policy: Anand Desai


Fuelled by the availability of funding and evolving demand, the startup ecosystem in India has witnessed strong traction in a very short time.

You can read more here: TiE's white paper resulted in the Startup India policy: Anand Desai

Industry cites glitches in GSTN portal as major concern: Survey


NEW DELHI: Glitches in the GSTN portal, cumbersome procedures and documentation as well as the cost of compliance are major areas of concern that need to be addressed to make the Goods and Services Tax (GST) a success, a Ficci survey said today.

You can read more here: Industry cites glitches in GSTN portal as major concern: Survey

Large corporate banks will have their share of pain in Q4: Sanjay Parekh, Reliance MF


Talking to ET Now, Sanjay Parekh, Reliance Mutual Fund , says RBI’s guidelines for recognising asset quality pain via upfront provisioning getting higher coverage, augurs well for the banking system in the long term. Let us first start with what is happening in the banking space.

You can read more here: Large corporate banks will have their share of pain in Q4: Sanjay Parekh, Reliance MF

2018 is not like 2008 but one should worry about tier-1 bonds issued by PSBs


Ramesh Damani , Member, BSE, in discussion with S Naren, ICICI Prudential, Anoop Bhaskar, IDFC MF, Navneet Munot, SBI Mutual Fund and Nilesh Shah, MD, Kotak AMC on the state of the market.

You can read more here: 2018 is not like 2008 but one should worry about tier-1 bonds issued by PSBs

India's high-flying graphite electrode firms face curbs


Indian manufacturers of graphite electrodes used in electric arc furnaces are booming on the back of China's pollution crackdown, but soaring prices have set the companies on a collision course with government and steelmakers.

You can read more here: India's high-flying graphite electrode firms face curbs

Sunday, 18 February 2018

MSCI has one standard for US, one for China and one for India: Nilesh Shah, Kotak AMC


Talking to ET Now, Nilesh Shah , MD, Kotak AMC , says MSCI should be pragmatic and fair to India and give India its due weightage.

You can read more here: MSCI has one standard for US, one for China and one for India: Nilesh Shah, Kotak AMC

The rise and fall of self-employment in India


Every morning, in front of the DDA park in Delhi’s Mayur Vihar, she loads her cart with fresh vegetables. Tomatoes and peas, cucumbers and radishes, and bunches of coriander leaves. Her regular customers trickle in, calling her Amma. Her cart almost empties out by evening.

You can read more here: The rise and fall of self-employment in India

Betting on these 2 midcap ideas for now: Santosh Singh, Haitong Securities


Talking to ET Now, Santosh Singh , BFSI & Head of Research, Haitong Securities , says he is bullish on Symphony and Max Financial.

You can read more here: Betting on these 2 midcap ideas for now: Santosh Singh, Haitong Securities

Retailers accused of levying GST over MRP


Consumers have been left in distress as a result of retailers charging Goods and Services Tax (GST) over and above the maximum retail price (MRP) of a commodity.

You can read more here: Retailers accused of levying GST over MRP

We managed to block 2 out of 3 cyber breaches; third one under litigation in China: N Kamakodi, City Union Bank


Talking to ET Now, N Kamakodi , MD & CEO, City Union Bank , says the bank had faced three international hacking incidents. Two of these payments could be blocked and the third is identified and under litigation in China.

You can read more here: We managed to block 2 out of 3 cyber breaches; third one under litigation in China: N Kamakodi, City Union Bank

Fintech startup Aye Finance raises Rs 25 cr from Vivriti Capital


Fintech company focussed on the MSME sector Aye Finance has raised Rs 25 crore through a securitisation deal facilitated by Vivriti Capital. Three investors participating in this deal include Hinduja Leyland Finance and Intellegrow.

You can read more here: Fintech startup Aye Finance raises Rs 25 cr from Vivriti Capital

The rise and fall of the Compact Disc


Amid all the talk of music streaming and the renaissance of vinyl, the plummeting of CD sales hasn’t been getting a lot of attention in recent years.

You can read more here: The rise and fall of the Compact Disc

Pallavi Shroff joins Paytm’s board of directors


BENGALURU: Paytm has appointed Pallavi Shroff, founder and managing partner of Shardul Amarchand Mangaldas law firm, to its board of directors, saying her addition is key to the growth plans around its financial services business such as lending, insurance and wealth management.

You can read more here: Pallavi Shroff joins Paytm’s board of directors

ShareChat Talkies switches on regional language videos


Regional language social networking app ShareChat has launched a vernacular video series through its platform ShareChat Talkies, which focuses on partnerships with film studios to onboard exclusive content to distribute to users.

You can read more here: ShareChat Talkies switches on regional language videos

Infibeam tweaks business to keep up with 4G wave


AHMEDABAD: Infibeam, India’s first listed ecommerce player, made a major shift in its business strategy by migrating from subscription-based ecommerce to transactional-based ecommerce as the internet user base increased with the advent of cheaper 4G.

You can read more here: Infibeam tweaks business to keep up with 4G wave

Why India's startup ecosystem may be showing 'sepoy syndrome'


Vijay Shekhar Sharma, the outspoken and charismatic CEO of Paytm, minced no words in alleging special treatment to WhatsApp for its UPI-linked payments feature. But social media began writing obituaries on Paytm.

You can read more here: Why India's startup ecosystem may be showing 'sepoy syndrome'

What is preventing women from turning entrepreneurs?


MUMBAI: Fewer women than men are turning entrepreneurs because startups led by them are finding it tougher to get funding.

You can read more here: What is preventing women from turning entrepreneurs?

State-owned fuel pumps to top up digital payments companies


BENGALURU: One of the major sectors where the government is promoting digital payments is fuel retailing and digital payment companies are targeting the state-owned fuel retailing agencies for rapid digitisation of fuel pumps, which can push up transaction numbers and also create consumer stickiness

You can read more here: State-owned fuel pumps to top up digital payments companies

Talks on with DIPP to secure legal status for angel groups


NEW DELHI: The country’s top angel networks are in active consultations with the Department of Industrial Policy and Promotion (DIPP) on giving formal recognition to angel groups.

You can read more here: Talks on with DIPP to secure legal status for angel groups

Looking for prices to stabilise... Nifty can hit 12,338 by Q2 of ’19: Peter Brandt, Factor LLC


The Indian markets are likely to stabilise after the recent sharp fall and the Nifty could go as high as 12,338 by the first or second quarter of 2019, said Peter Brandt , CEO at Factor LLC .

You can read more here: Looking for prices to stabilise... Nifty can hit 12,338 by Q2 of ’19: Peter Brandt, Factor LLC

Tata Steel frontrunner to acquire Bhushan Power with Rs 24,500 crore offer


NEW DELHI: Tata Steel has emerged a frontrunner to acquire debt-laden Bhushan Power and Steel after lenders to the company decided that they would only consider Tata Steel’s offer of Rs.

You can read more here: Tata Steel frontrunner to acquire Bhushan Power with Rs 24,500 crore offer

Amazon becomes first foreign ecommerce firm to enter food retail venture in India


NEW DELHI: Amazon has rolled out its own food retailing business in India with a pilot in Pune, becoming the first foreign ecommerce firm to stock and sell food items directly to consumers. “Amazon is now a vendor on Amazon.

You can read more here: Amazon becomes first foreign ecommerce firm to enter food retail venture in India

Dalmia Bharat consortium leads race for Binani Cement with highest offer


MUMBAI: A Dalmia Bharat-Bain Piramal Resurgence Fund consortium leads bids for debt-laden cement maker Binani Cement, exceeding Aditya Birla-led UltraTech Cement’s offer by a few hundred crore rupees, said several people aware of the matter.

You can read more here: Dalmia Bharat consortium leads race for Binani Cement with highest offer

ET GBS 2018: Shared mobility a fix for urban transport woes, says Uber CEO


It’s no secret that India is grappling with the consequences of rapid urbanisation. As the country’s cities have grown, they have faced many challenges, especially in transportation.

You can read more here: ET GBS 2018: Shared mobility a fix for urban transport woes, says Uber CEO

PNB fraud: Assocham calls for privatising PSBs


In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority control of banks, which should be allowed to function like private sector lenders.

Uncertainty looms over mega petrochemical project in AP


The proposed petrochemical complex at Kakinada in Andhra Pradesh, a joint project of GAIL and HPCL, seems to have hit a roadblock with the Centre asking the state government to pay Rs 5,000 crore upfront in the form of viability gap funding (VGF).

You can read more here: Uncertainty looms over mega petrochemical project in AP

DLF plans to sell Rs 15,000 crore completed flats in 3-4 years


NEW DELHI: Realty major DLF will focus on selling ready-to-move-in flats worth Rs 15,000 crore over the next 3-4 years and launch new projects for sale only after reaching advanced stage of construction.

You can read more here: DLF plans to sell Rs 15,000 crore completed flats in 3-4 years

Amazon India crosses 3-lakh sellers mark on its marketplace


NEW DELHI: E-commerce major Amazon.in today said it has crossed the 3-lakh seller base in less than five years of the companya s operations in India. Of this, one lakh new merchants were on-boarded in seven months.

You can read more here: Amazon India crosses 3-lakh sellers mark on its marketplace

Saturday, 17 February 2018

‘Opportunity is everywhere, you need common sense to spot it’


Musthafa PC is on his way back home to Bengaluru after addressing conferences at Harvard and MIT in the US — and it’s the humble idli-dosa that’s taken the co-founder of ID Fresh Food places.

You can read more here: ‘Opportunity is everywhere, you need common sense to spot it’

About 5 crore jobs to be created by next year: MSME Minister Giriraj Singh


NAGPUR: Union Minister of State for Micro, Small and Medium Enterprises Giriraj Singh today said five crore employment opportunities would be created in the country by next year, adding that employement creation was not being perceived because of the country's large population.

You can read more here: About 5 crore jobs to be created by next year: MSME Minister Giriraj Singh

Government creating aspiration for electric mobility: Anand Mahindra


A firm believer in last-mile solutions, Mahindra Group Chairman Anand Mahindra told ET Now that the group is positioning the ATOM and the UDO as concepts of future mobility in cities. Edited excerpts: Nayantara Rai: You love Simcity. You started off by studying architecture.

You can read more here: Government creating aspiration for electric mobility: Anand Mahindra

Rourkela Steel Plant initiates project to use waste plastic in road construction


Steel Authority of India's Rourkela Steel Plant has initiated a new project of utilising waste plastic in road construction, the first such initiative taken up in Odisha.

You can read more here: Rourkela Steel Plant initiates project to use waste plastic in road construction

In the next 6-12 months, you will see an economic recovery: Anand Mahindra


Anand Mahindra, Chairman, Mahindra Group , is fairly optimistic that the bankruptcy code, the NCLT and the RERA mechanism are going to pay off and will lead to business consolidation. He spoke to ET Now.

You can read more here: In the next 6-12 months, you will see an economic recovery: Anand Mahindra

Friday, 16 February 2018

Bhushan steel promoter questions NCLT auctions


KOKATA: On a day when the Tatas were seen emerging as a frontrunner for Bhushan Steel, the company’s promoter Neeraj Singal questioned the whole process of auctioning off defaulting steel companies through NCLT (National Company Law Tribunal).

You can read more here: Bhushan steel promoter questions NCLT auctions

Wallet companies feel the pinch of full KYC guidelines


BENGALURU: The Payments Council of India, a lobby group for mobile wallet companies, has asked the Reserve Bank of India to withdraw full know-yourcustomer requirements for them, claiming they would otherwise lose customers.

You can read more here: Wallet companies feel the pinch of full KYC guidelines

Tatas seen edging out JSW in race for Bhushan Steel


MUMBAI: Tata Steel trumped JSW with an aggressive allcash bid for 5 million tonne Bhushan Steel and Power, one of the largest non-performing assets in the Indian banking system, said people with knowledge of the matter. It has offered an upfront cash payment of Rs 35,200 crore and 12.

You can read more here: Tatas seen edging out JSW in race for Bhushan Steel

What All Can You Do With an Air Compressor?


Unlike water, air can be compressed. If that sounds like a trivial fun fact, it’s not. Compressed air is a convenient resource to have around, and the best way to keep a supply close at hand is by having an air compressor.

You can read more here: What All Can You Do With an Air Compressor?

Spray Can Finishing Roundup


Woodworkers who don’t have spray equipment but still want to spray finishes have long relied on aerosol cans. Even those who do own spray guns may find some of the newer aerosol options rather alluring.

You can read more here: Spray Can Finishing Roundup

NPCI says that all set procedures to be followed for Whatsapp Payments launch in India


The National Payments Corporation of India, the umbrella body for all digital payments in the country and the one which manages the Unified Payments Interface protocol, said that every participating organisation has to follow well defined UPI guidelines and stick to the aim of making the platform in

You can read more here: NPCI says that all set procedures to be followed for Whatsapp Payments launch in India

This is the time to buy but don’t waste money on value destroyers: Ajay Bagga


Talking to ET Now, Ajay Bagga , Market Expert, says the best thing would be if the government merges and gets out of the banking business and professionals run it or offers them up for sale to professional managements Edited excerpts: The PNB scam is really getting escalated and murkier day by day.

You can read more here: This is the time to buy but don’t waste money on value destroyers: Ajay Bagga

ArcelorMIttal mulling 600 MW solar farm in Karnataka


KOLKATA: ArcelorMIttal, which earlier this week submitted a bid to acquire Essar Steel, has said it exploring the possibility of establishing a 600 MW solar farm by utilizing the land in Karnataka originally allotted to it for a proposed $6.

You can read more here: ArcelorMIttal mulling 600 MW solar farm in Karnataka

Kreg Rip Cut Review


We all know Kreg for their pocket hole jigs, but what about some of their other innovations? Cutting plywood can be difficult no matter what your experience level is. Outside of getting a massive panel saw you’re left with a lot of measuring, marking and praying.

You can read more here: Kreg Rip Cut Review

We need to stabilise before Pepsi gives us more territories or products: Ravi Kant Jaipuria


Talking to ET Now, Ravi Kant Jaipuria , Chairman, Varun Beverages , says they have acquired five new states (territories) and have also started distribution of Tropicana, Gatorade, Lipton tea and Quaker Oats. Third quarter results are out.

You can read more here: We need to stabilise before Pepsi gives us more territories or products: Ravi Kant Jaipuria

How to Flatten Large Boards in a Planer


I grew up working in my dad’s custom woodworking shop standing in a pile of shavings on the outfeed side of a 24″ planer. Oh sure, we had dust collection, but we (me) frequently got too lazy to go empty the ten-foot-cubed collector into fifty-five gallon drums and drag them to the dumpster.

You can read more here: How to Flatten Large Boards in a Planer

India needs more "clean coal" investors: Global coal body


NEW DELHI: India needs to do more to attract foreign investment in technologies that can cut emissions from burning coal, a global coal trade association said on Friday, given that the fuel will be a main source of electricity in the country for decades.

You can read more here: India needs more "clean coal" investors: Global coal body

PhonePe partners with IOCL for deployment of PoS terminals


"We are well on course to meet our target of installing a million POS devices across 50 cities in India in 2018,” said Pradeep Dodle, head of business, PhonePe.

You can read more here: PhonePe partners with IOCL for deployment of PoS terminals

PNB fraud, Fortis issue could lead to higher risk premium: Sunil Subramaniam, Sundaram MF


Talking to ET Now, Sunil Subramaniam, CEO, Sundaram Mutual Fund, says valuations will be revisited by market participants based on these kinds of unintended risks. Unintended risks can never be priced in and the overall market has to bear the brunt of a slight increase in the risk premium.

You can read more here: PNB fraud, Fortis issue could lead to higher risk premium: Sunil Subramaniam, Sundaram MF

Ola investigating HR head on fraud charges


BENGALURU: Home-grown ride-hailing application Ola has ordered an investigation into fraud allegations against the company’s HR and administration head, Yugantar Saikia, who was allegedly involved in favouring select recruitment vendors and in return receiving money estimated to be worth millions

You can read more here: Ola investigating HR head on fraud charges

Walmart in talks to buy more than 40 percent of Flipkart: Sources


MUMBAI: Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday. In what would be one of its biggest overseas deals, the U.S.

You can read more here: Walmart in talks to buy more than 40 percent of Flipkart: Sources

Greaves Cotton optimistic about next two quarters: Nagesh Basavanhalli


Talking to ET Now, Nagesh Basavanhalli , MD & CEO, Greaves Cotton , says there has been a lot of belt-tightening in terms of operational efficiencies and expected a double digit top line and bottom line in the last quarter.

You can read more here: Greaves Cotton optimistic about next two quarters: Nagesh Basavanhalli

Hyosung Corp to invest Rs 3,000 crore in Maharashtra spandex project


Hyosung Corporation of South Korea, the largest global spandex producer, is likely to invest around Rs 3,000 crore in a manufacturing facility in Maharashtra, a top government official said today.

You can read more here: Hyosung Corp to invest Rs 3,000 crore in Maharashtra spandex project

Pace of fall has reduced, Bank Nifty could correct upwards: Deepak Jasani, HDFC Securities

Talking to ET Now, Deepak Jasani, HDFC Securities , says any corrective action that the RBI or the finance ministry takes in this regard, w...