Wednesday, 18 October 2017

Sajjan Jindal,T V Narendran elected to worldsteel key posts


NEW DELHI: JSW Steel CMD Sajjan Jindal has been elected treasurer and Tata Steel MD T V Narendran and ArcelorMittal chief L N Mittal as members of the global body World Steel Association (worldsteel). "The Board of Directors yesterday elected ...

You can read more here: Sajjan Jindal,T V Narendran elected to worldsteel key posts

JSW Steel eyes Italian long products company Aferpi


KOLKATA: JSW Steel is pursuing options to expand its presence into Europe and is eyeing Italian long products company Aferpi as part of its strategy.

You can read more here: JSW Steel eyes Italian long products company Aferpi

Anti-Corruption Laws in India – Compliance Requirements for Businesses


The festive season in India involves the exchange of gifts; however, companies should note that certain exchanges may attract liability under various domestic and foreign anti-corruption statutes. This article highlights key compliance strategies for firms to minimize such risk exposure.

The post Anti-Corruption Laws in India – Compliance Requirements for Businesses appeared first on India Briefing News.

Online consumer services pvt ltd raises $2,50,000 in 'pre-series A' round


BENGALURU : Bengaluru-based home maintenance services start-up, Gapoon Online Consumer Services Private Limited, has raised $2,50,000 in a 'pre-series-A' round.

You can read more here: Online consumer services pvt ltd raises $2,50,000 in 'pre-series A' round

Neither fiscal nor monetary stimulus is advisable for India: Sajjid Chinoy, JPMorgan


Talking to ET Now, Sajjid Chinoy, JPMorgan, says if global growth remains as strong and buoyant as the IMF forecast, then eventually that is going to spin over into India. We will see that later in the year and in 2018, our exports will do very well. The economy seems to have stalled.

You can read more here: Neither fiscal nor monetary stimulus is advisable for India: Sajjid Chinoy, JPMorgan

Balanced funds turning mainstream investments, here’s top 3: Dhirendra Kumar


In an interview with ET Now, Dhirendra Kumar, CEO, Value Research, says his top 3 recommendations among balanced funds are Aditya Birla Sun life Balanced 95, L&T India Prudence and Tata Balanced fund.

You can read more here: Balanced funds turning mainstream investments, here’s top 3: Dhirendra Kumar

Makita Cordless Track Saw Review


Before I get started I wanted to clarify something.  I called this review a Makita Track Saw review.  To be honest I am not sure if Track Saw is a registered name to Dewalt or a generic name.  The reason I say this is because Makita calls it a plunge cut saw.

You can read more here: Makita Cordless Track Saw Review

Here's the MF mantra from Kotak’s Nilesh Shah


Talking to ET Now, Nilesh Shah , MD, Kotak AMC , says go to a balanced fund if the market corrects and go on to large-cap or midcap if market corrects more. How do you make money in this market?

You can read more here: Here's the MF mantra from Kotak’s Nilesh Shah

Gold worth Rs 120 crore transacted within 6 months: Paytm


NEW DELHI: Mobile wallet company Paytm on Wednesday said gold worth Rs 120 crore has been transacted within six months of launch of sales on its platform and the number of buyers crossed one million mark on the Dhanteras day.

You can read more here: Gold worth Rs 120 crore transacted within 6 months: Paytm

Dipan Mehta’s four top mid-cap ideas for Samvat 2074


Talking to ET Now, Dipan Mehta, Member, BSE & NSE, says bullish on Mahindra Holidays, Team Lease, Zee Learn and UFO Moviez in Samvat 2074. The first disappointment this season has come in from Axis Bank. What has been your take on how the stock would get punished today?

You can read more here: Dipan Mehta’s four top mid-cap ideas for Samvat 2074

Next year, banks face heart attack from silent stress in mid corporates: Saurabh Mukherjea, Ambit Capital


Talking to ET Now, Saurabh Mukherjea, Ambit Capital , says there is a train-wreck line ahead of us. Somewhere between January and June 2018, some of the companies on insolvency list are going to go bankrupt. Plus, there is incremental stress from telecom and thermal sectors.

You can read more here: Next year, banks face heart attack from silent stress in mid corporates: Saurabh Mukherjea, Ambit Capital

A personal air purifier wearable can be the answer to India’s air pollution woes


Early this year a Greenpeace report aptly titled 'Airpocalypse' stated that as many as 1.2 million deaths take place every year due to air pollution in India and Delhi is the country’s most polluted city.

You can read more here: A personal air purifier wearable can be the answer to India’s air pollution woes

We are, in a sense, scared bulls who are holding on: Manish Chokhani, Enam Holdings


Discussing the Street view for Samvat 2074, with Nikunj Dalmia & Ayesha Faridi of ET Now, Manish Chokhani , Director, Enam Holdings , says if you ask us for fresh new things to buy today, we would be a bit more sanguine but as long as the ride is there, you stay invested.

You can read more here: We are, in a sense, scared bulls who are holding on: Manish Chokhani, Enam Holdings

Tuesday, 17 October 2017

Odisha Mining Corp gets forest clearance to develop new bauxite mine in Kodingamali


Rayagada | Bhubaneshwar: The government has granted final forest clearance to develop a new bauxite mine in Odisha, which can potentially bring significant relief to Vedanta's ore-starved Lanjigarh refinery that is importing raw material despite being located in the mineral-rich state.

You can read more here: Odisha Mining Corp gets forest clearance to develop new bauxite mine in Kodingamali

Flipkart talking with Kishore Biyani to buy 8-10% stake in Future Lifestyle Fashions


Mumbai | Bengaluru: Flipkart has begun exploratory discussions with Kishore Biyani to pick up an 8-10 per cent stake in Future Lifestyle Fashions Ltd (FLF), the listed fashion arm of the Future Group.

You can read more here: Flipkart talking with Kishore Biyani to buy 8-10% stake in Future Lifestyle Fashions

Amazon leases 450,000 sq ft office space in Chennai


BENGALURU: The Indian unit of US retail giant Amazon has leased 450,000 sq ft of office space in Chennai, according to two people aware of the company’s plan, marking its second such deal this year.

You can read more here: Amazon leases 450,000 sq ft office space in Chennai

Number 500!


Thank you. Back in February of 2000 … the Paleozoic corollary of Internet ages … an odd little online newsletter was launched. The Woodworker’s Journal eZine started up with high aspirations but with no guarantee of success. And that is where you all came in.

You can read more here: Number 500!

Birch RV Table


Here is my RV table. It is 18″ wide, 36″ long fully opened and 18″ high. Birch was my wood choice, and I stained it a cherry flavor to match my motor home.

You can read more here: Birch RV Table

Readers on Nut Woods


Last week’s editorial was about nuts: tree nuts, in particular, and wood that comes from those trees. We heard about readers’ favorite nut woods for woodworking. – Editor

You can read more here: Readers on Nut Woods

VIDEO: How to Cut Circles with a Router Jig


You can easily cut perfect circles for your next woodworking project, using a router attached to a circle cutting jig. The circle jig acts as a compass, guiding the router around a central pivot point. All you have to do is set the position of the router and the depth of the bit.

You can read more here: VIDEO: How to Cut Circles with a Router Jig

Top/Bottom Finish for a Maple Countertop?


Against all advice, the client is insisting on a maple cutting-board style countertop for an island. (But then when could anyone tell his firstborn anything?) The countertop will be about 1-1/2 in.-thick maple and I’m planning on traditional breadboard ends of cherry.

You can read more here: Top/Bottom Finish for a Maple Countertop?

JessEm Master Doweling Jig Kit


JessEm’s Master Doweling Jig Kit produces strong, accurate dowel joinery with a handheld drill. Made in Canada, it’s constructed of precision CNC-machined aluminum, anodized for durability and laser engraved for fast setups.

You can read more here: JessEm Master Doweling Jig Kit

Johnstone Reflects on eZine’s 500-issue History


Prior to the eZine’s very first issue, back in February 2000 Woodworker’s Journal had only been a print magazine. What were your influences at that time to start an online newsletter? It was the late 1990s and people were trying to figure out what this Internet thing was all about.

You can read more here: Johnstone Reflects on eZine’s 500-issue History

Rockler Wireless Speaker Kit


This kit includes all of the necessary electronic components to craft a mini wireless speaker — you build the speaker cabinet in the shape and material of your choice.

You can read more here: Rockler Wireless Speaker Kit

Bankbazaar raises $30 million from Experian


BENGALURU: Financial products marketplace BankBazaar has raised $30 million in a Series D round led by global credit rating agency Experian. This brings the Amazon-backed company’s total funding to $110 million.

You can read more here: Bankbazaar raises $30 million from Experian

Nalco plans 2 JVs with US, Russia-based companies


BHUBANESWAR: Aluminium major Nalco is planning to set up two joint ventures - one with US-based Almex and another with Russia's Rusal - at the upcoming Angul Aluminium Park in Odisha, a senior company official said.

You can read more here: Nalco plans 2 JVs with US, Russia-based companies

Traveling in India – Business Etiquette and Culture


India is one of the oldest civilizations in the world, and a complicated mixture of old and new traditions from the West and East. If you are planning to do business with or in India, it is important to try and understand its cultural intricacies.

The post Traveling in India – Business Etiquette and Culture appeared first on India Briefing News.

Uber loses another senior figure as European policy chief quits: Report


LONDON: Uber's European policy chief Christopher Burghardt has quit to join the electric vehicle charging network company Chargepoint, the latest senior figure to leave the taxi app, the Financial Times reported on Tuesday.

You can read more here: Uber loses another senior figure as European policy chief quits: Report

Not government or organised sector, bulk of the jobs are created by SMEs and by self employment: Arun Jaitley


And after demonetisation, I am sure you and the tax department have discovered that there are people who were not paying tax? You see as on 31st March 2017, the number of people inside the income tax net is something close to 6.22 crore.

You can read more here: Not government or organised sector, bulk of the jobs are created by SMEs and by self employment: Arun Jaitley

The 11% premium we paid for Bharat Financial is extremely fair: Romesh Sobti, IndusInd Bank


Talking to ET Now, Romesh Sobti, MD & CEO, IndusInd Bank, says Bharat Financial is probably the largest, the best- run microfinance institution in the country. The IndusInd- Bharat Financial merger has finally come through.

You can read more here: The 11% premium we paid for Bharat Financial is extremely fair: Romesh Sobti, IndusInd Bank

Bosch Flexiclick Review


As a tradesman, you are familiar with having to carry around too many tools.  You never know when the time may arise where you need that right angle drill.  Sure it might only be once a month, but you still have to carry it so you don’t miss a beat.

You can read more here: Bosch Flexiclick Review

Growth this quarter has come from fibre and cable business: Anupam Jindal, Sterlite Tech


Talking to ET Now, Anupam Jindal , CFO, Sterlite Tech , says the public sector business is quite small in overall revenue and main growth is coming from the private sector in both global and domestic markets.

You can read more here: Growth this quarter has come from fibre and cable business: Anupam Jindal, Sterlite Tech

September quarter Nifty earnings should be in double digits: Sunil Singhania, Reliance MF


Talking to ET Now, Sunil Singhania, Reliance MF , says it is very clear that investors are looking at India from a much longer structural perspective. How would you says the last year has been for investors?

You can read more here: September quarter Nifty earnings should be in double digits: Sunil Singhania, Reliance MF

Here’s our top 4 picks in pharma space: Abhimanyu Sofat, IIFL


Talking to ET Now, Abhimanyu Sofat , VP-Research, IIFL , says Aurobindo, Cipla, Rallis and Torrent are the four top pharma picks. Some interesting numbers have come in from Persistent. You have got a DCB as well which has come out very strongly.

You can read more here: Here’s our top 4 picks in pharma space: Abhimanyu Sofat, IIFL

Bullish on these 3 sectors for trading: Chakri Lokapriya, TCG AMC


Talking to ET Now, Chakri Lokapriya , CIO & MD, TCG AMC , says telecom, OMCs and IT can be good trading bets. The telecom sector has been catching everyone’s fancy of late after the Tata Tele deal with Bharti.

You can read more here: Bullish on these 3 sectors for trading: Chakri Lokapriya, TCG AMC

The real reason why Indian SMEs want to remain small


The lack of jobs is beginning to haunt the Modi government. The Reserve Bank of India's recent Consumer Confidence Survey shows that public perception is also beginning to take account of the fact that there are no jobs available in the economy. According to the survey, 43.

You can read more here: The real reason why Indian SMEs want to remain small

Monday, 16 October 2017

MoEF grants forest clearance for Kodingamali bauxite mine


RAYAGADA/BHUBANESHWAR: The government has granted final forest clearance to develop a new bauxite mine in Odisha, which can potentially bring significant relief to Vedanta’s ore-starved Lanjigarh refinery that is importing raw material despite being located in the mineral-rich state.

You can read more here: MoEF grants forest clearance for Kodingamali bauxite mine

Flipkart again beats Amazon in festive season sale


BENGALURU: Flipkart clinched the crown again at the annual ecommerce festive season stakes, increasing its lead over Amazon India in a market where total sales are estimated to have surged by up to 40 per cent over last year’s events.

You can read more here: Flipkart again beats Amazon in festive season sale

DIY Tombstone Candy Holder


October is my favorite month… mostly because I’m obsessed with Halloween! So, you can imagine my excitement when my friends at The Home Depot asked me to help out with their Do-It-Herself Workshops for Halloween this year! Today I’m sharing my spook-tacular version of Home Depot’s Tombston

You can read more here: DIY Tombstone Candy Holder

SAIL supplied defence grade steel plates for anti-submarine warship INS Kiltan


KOLKATA: Steel Authority of India Ltd. (SAIL) has supplied defence grade DMR 249A steel plates for the indigenously built Anti-Submarine Warfare (ASW) stealth corvette INS – Kiltan which was commissioned into the Indian Navy on Monday.

You can read more here: SAIL supplied defence grade steel plates for anti-submarine warship INS Kiltan

Happy Loans disburses 4000 micro loans within six months of launch


Digital microlending venture Happy Loans, has disbursed 4000 micro loans worth Rs 10 crore ($1.7 million) within six months of launch, the company said in a statement.

You can read more here: Happy Loans disburses 4000 micro loans within six months of launch

Ayurveda, Natural Consumer Segments Expand, Foreign Players Enter Wedding Industry – India Market Watch


In this week's Market Watch, we take a look at the natural and Ayurvedic consumer segments in India's FMCG industry, the entry of foreign firms in India's lucrative wedding business, and the steady popularity of secondhand smartphones, which has diversified the mobile market.

The post Ayurveda, Natural Consumer Segments Expand, Foreign Players Enter Wedding Industry – India Market Watch appeared first on India Briefing News.

DeMo didn’t hurt us, expect 30% growth in H2: Rajeev Jain, Bajaj Finance


Talking to ET Now, Rajeev Jain, Bajaj Finance , says urban India shops during last 7 days before the festival. If the next 10-15 days are good, then we are well on course to deliver a good year as a company yet again. Again a steady show by Bajaj Finance.

You can read more here: DeMo didn’t hurt us, expect 30% growth in H2: Rajeev Jain, Bajaj Finance

This quarter, all the four businesses grew 5% odd sequentially: Shyam Srinivasan, Federal Bank


Talking to ET Now, Shyam Srinivasan , MD & CEO, Federal Bank , says he is not a fan of focusing on one sector at the cost of another. We have geographic presence across the country and segmentally we are going after what we call the corporate, retail, SME and middle market, all are doing well.

You can read more here: This quarter, all the four businesses grew 5% odd sequentially: Shyam Srinivasan, Federal Bank

Crop protection and dairy are our key focus areas: Balram Yadav, Godrej Agrovet


Talking to ET Now, Balram Yadav , MD, Godrej Agrovet , says will have negligible debt by the end of this financial year. So ROE and ROCE will maintain a very healthy trend in future also. Congratulations on a solid listing after all those road shows. Now the focus turns to execution.

You can read more here: Crop protection and dairy are our key focus areas: Balram Yadav, Godrej Agrovet

JSW Cement commences manufacturing of Concreel HD cement at its Dolvi unit; announces expansion


MUMBAI: JSW Cement has commenced manufacturing of Concreel HD cement at its Dolvi unit in Maharashtra, a move that will help the company expand its retail presence in West India. The cement division of the Sajjan Jindal-led JSW Group is also increasing capacity at its Dolvi plant from 1 MTPA to 2.

You can read more here: JSW Cement commences manufacturing of Concreel HD cement at its Dolvi unit; announces expansion

Reliance Retail to be biggest threat to Amazon, Flipkart: Mohandas Pai


HYDERABAD: Reliance Retail will pose the biggest challenge to top e-commerce players Amazon and Flipkart next year due to its wider reach and tremendous penetration of telecom arm Jio, said an IT industry veteran.

You can read more here: Reliance Retail to be biggest threat to Amazon, Flipkart: Mohandas Pai

Betting on these 4 stocks in December: Anish Damania, IDFC Securities


Having said that, we are extremely bullish on Ashok Leyland as we believe the commercial vehicle business will continue to pick up. We do not cover standalone tractor plays but M&M is one of the plays which we cover and we are bullish on that as well.

You can read more here: Betting on these 4 stocks in December: Anish Damania, IDFC Securities

Makita 7″ Angle Grinder Review


Grinders are the cornerstone for many jobs, like ripping down concrete.  While many manufacturers offer various types of grinders, there is a limited amount that offers powerful 7″ grinders to get some serious work done.

You can read more here: Makita 7″ Angle Grinder Review

Rubique lays out ambitious growth plans for next year


MUMBAI: Mumbai-based fintech company Rubique plans to expand operations across 100 cities by March 2018 and quadruple the credit disbursed by the company by that time period. Rubique is currently operational in 27 cities and has disbursed Rs 2000 crore since starting operations.

You can read more here: Rubique lays out ambitious growth plans for next year

Here’s the latest bet from contra investor Amitabh Sonthalia of SKS Cap


At the start of the year when we were doing a market dipstick, 2017 was expected to be a rather dull year but it has turned out to be a dream year.

You can read more here: Here’s the latest bet from contra investor Amitabh Sonthalia of SKS Cap

China emerges as a major destination for engineering exports


China has emerged as a major destination for engineering exports, occupying its place among the top four ports of call for the Indian shipments , hugely steered by non-ferrous metals, an EEPC India data analysis for August shows.

You can read more here: China emerges as a major destination for engineering exports

15% return should be a base case from this Samvat to next: Sandeep Bhatia, Macquarie Capital


Talking to ET Now, Sandeep Bhatia, Macquarie Capital , says if rates start going up elsewhere, then the whole context of growth changes and probably export driven growth can come into play if the currency starts correcting downwards. A pre-festive bash is on at Dalal Street right now.

You can read more here: 15% return should be a base case from this Samvat to next: Sandeep Bhatia, Macquarie Capital

Bharat Financial will be a wholly-owned subsidiary of IndusInd, we will all remain on its payroll: MR Rao


Would any of the management or anybody be a part of the board of IndusInd Bank? No, none of us will be on the board of IndusInd Bank.

You can read more here: Bharat Financial will be a wholly-owned subsidiary of IndusInd, we will all remain on its payroll: MR Rao

Nifty on course to hit 12,000 in the long term, banks to outperform: Laurence Balanco, CLSA


The benchmark Nifty is likely to remain in a range of 9700 to 10,200 in the short term but the longer term target of 12,000 remains intact, said Laurence Balanco , global technical analyst at CLSA .

You can read more here: Nifty on course to hit 12,000 in the long term, banks to outperform: Laurence Balanco, CLSA

Not government or organised sector, bulk of the jobs are created by SMEs and by self employment: Arun Jaitley


And after demonetisation, I am sure you and the tax department have discovered that there are people who were not paying tax? You see as on 31st March 2017, the number of people inside the income tax net is something close to 6.22 crore.

You can read more here: Not government or organised sector, bulk of the jobs are created by SMEs and by self employment: Arun Jaitley

Sunday, 15 October 2017

State power companies seek to import coal to tide over supply crisis


KOLKATA: Some state-owned power producers, who had stopped imports, are now looking at importing coal at a time when the Centre’s focus is on reducing imports and eventually bringing it down to zero.

You can read more here: State power companies seek to import coal to tide over supply crisis

JSPL repays about Rs 650 crore interest dues by selling two oxygen plants


KOLKATA: The Naveen Jindal flagship, Jindal Steel and Power Ltd (JSPL), has managed to repay its outstanding interest dues to lenders, using a large part of the proceeds of the Rs 1,121- crore sale of two of its oxygen plants to SREI Equipment Finance last week.

You can read more here: JSPL repays about Rs 650 crore interest dues by selling two oxygen plants

Four months post Gorkhaland agitation, Darjeeling’s tea gardens still reeling from trouble


DARJEELING: The narrow path to the Tindharia Tea Estate off the picturesque National Highway 55 is a dirt track even in the best of times.

You can read more here: Four months post Gorkhaland agitation, Darjeeling’s tea gardens still reeling from trouble

How tech has relaxed Mumbai's monopoly on finance


CHENNAI/BENGALURU: Six months after he founded payment gateway company Razorpay in 2013, Harshil Mathur was looking to shift his headquarters from Jaipur. Of his three options — Delhi, Mumbai or Bengaluru, Mathur chose the tech hub of Bengaluru over the financial capital, Mumbai.

You can read more here: How tech has relaxed Mumbai's monopoly on finance

Saturday, 14 October 2017

How Instalocate helps aggrieved flyers get compensation from airlines


It was around last Diwali when the Jains stumbled on their eureka moment. The travel buffs were stuck at San Francisco airport when a flight to Delhi was delayed due to a technical problem for over six hours.

You can read more here: How Instalocate helps aggrieved flyers get compensation from airlines

Furlenco uses a mix of functional and fun content to turn millennials into renters for life


Furlenco has big ambitions. In typical startup speak, a la the ‘Uber of X’, the Bengaluru-based furniture rental company wants to be the Netflix/Airbnb/ Hotstar of furniture.

You can read more here: Furlenco uses a mix of functional and fun content to turn millennials into renters for life

Why SMEs on growth trajectory should consider outsourcing HR requirements


SMEs face numerous challenges, but issues around human resources is one of the biggest challenges for small business. In a conversation with ET.com, Sumit Sabharwal, Managing Director (India & SAARC) of Excelity Global spells out challenges SMEs face in the domain of HR and how they can counter it.

You can read more here: Why SMEs on growth trajectory should consider outsourcing HR requirements

GST: Tax department seeks details of transitional credit data


MUMBAI: The tax department has sought explanations from banks and financial institutions, including multinationals, on transitional credit claimed by them in July under the goods and services tax (GST) regime, two people with direct knowledge of the matter said.

You can read more here: GST: Tax department seeks details of transitional credit data

2 stocks you can buy on Monday: Gaurav Bissa, LKP Securities


Talking to ET Now, Gaurav Bissa, LKP Securities, says betting on Axis Bank and Jain Irrigation.

You can read more here: 2 stocks you can buy on Monday: Gaurav Bissa, LKP Securities

Trade stock-specific in these 4 sectors in midcap space: Neeraj Deewan, Quantum Securities


Neeraj Deewan, Director, Quantum Securities, says metals, chemicals, auto and auto ancillaries sectors are going to grow further. ET Now: Is it time to worry whether midcaps and small caps are looking frothy? What should you buy next?

You can read more here: Trade stock-specific in these 4 sectors in midcap space: Neeraj Deewan, Quantum Securities

Unemployment at 17.8 million: India needs to look at skills development through multiple lenses


There is a constant demand to create jobs and improve skill sets across developing nations. As per a UN report, unemployment in India is estimated to be 17.8 million in 2017. Further, there is a need to upgrade the skill sets of people significantly.

You can read more here: Unemployment at 17.8 million: India needs to look at skills development through multiple lenses

How Good Earth created a brand with no advertising


When every fledgling or established brand in the Home D├ęcor category is either taking the “branded content” route or telling the audience how "Setting is Everything" on national TV, one brand is creating four-minute-long videos on the making of a handcrafted luxury quilt.

You can read more here: How Good Earth created a brand with no advertising

Sajjan Jindal,T V Narendran elected to worldsteel key posts

NEW DELHI: JSW Steel CMD Sajjan Jindal has been elected treasurer and Tata Steel MD T V Narendran and ArcelorMittal chief L N Mittal as mem...