Saturday, 18 November 2017

Businesses can edit August, September GSTR-3B returns from November 20


GST Network will launch a facility for businesses to make changes to their August and September GSTR-3B return forms beginning November 20, Bihar Deputy Chief Minister Sushil Modi said today.

You can read more here: Businesses can edit August, September GSTR-3B returns from November 20

Complex GST process hitting ecommerce startups: boodmo


NEW DELHI: Online sales of auto components have been hit by complex GST model for ecommerce players, online marketplace boodmo said.

You can read more here: Complex GST process hitting ecommerce startups: boodmo

L&T Construction bags Rs 8,650 crore order from MMRDA


NEW DELHI: Larsen & Toubro (L&T) today said its construction arm has bagged Rs 8,650 crore order from the Mumbai Metropolitan Region Development Authority (MMRDA).

You can read more here: L&T Construction bags Rs 8,650 crore order from MMRDA

Moody’s gives thumbs up to GST, demonetisation


NEW DELHI: Moody’s Investors Service has hailed wide-ranging economic and institutional reforms of the BJP government over the last three, citing them as the big reasons for the agency’s first upgrade of India’s sovereign rating in almost 14 years.

You can read more here: Moody’s gives thumbs up to GST, demonetisation

Moody’s India upgrade will lead to more flow from FIIs and DIIs: Bimal Jalan


Talking to ET Now, Bimal Jalan , Former Governor, RBI , says we have low inflation, we have resources in terms of technology. We are among the best in the world. The Moody’s upgrade for India ratings came after 14 years. What is your view?

You can read more here: Moody’s India upgrade will lead to more flow from FIIs and DIIs: Bimal Jalan

Eateries may land in soup for profiteering post GST


NEW DELHI: Unhappy with the price hike introduced by restaurants after a steep reduction in the goods and services tax (GST) , the government is looking to invoke anti-profiteering provisions.

You can read more here: Eateries may land in soup for profiteering post GST

Cement bag costs Rs 8000 at this border town in Arunachal


ITANAGAR: Believe it or not, people living in Vijoynagar town of Arunachal Pradesh pay Rs 8,000 for one bag of cement, that too if it is available. Vijoynagar, a sub-divisional town under Changlang district with just 1500 residents, has no proper surface communication.

You can read more here: Cement bag costs Rs 8000 at this border town in Arunachal

How not to handle a brand crisis and how to do it right


The recent Indigo Airlines incident is the inspiration for this piece. As an avid brand and consumer watcher, I analysed the events as they unfolded as news and social media chatter, and observed how the brand responded.

You can read more here: How not to handle a brand crisis and how to do it right

Food delivery apps now have city of joy's best-known names in their stable


Arghya Mitra couldn’t have found a better way to surprise his guests at his impromptu housewarming party.

You can read more here: Food delivery apps now have city of joy's best-known names in their stable

Friday, 17 November 2017

Unorganised but effective: The big wedding brands of Bharat


51-year-old Sanjay Sahni has given 30 years of his life to Beauty Palace — a jewellery company spread across two three-storeyed shops in the same lane of Ambala City’s Dashmesh Market.

You can read more here: Unorganised but effective: The big wedding brands of Bharat

Moody’s upgrade not enough to get private investment rolling: Sanjeev Sanyal


Talking to ET Now, Sanjeev Sanyal , Principal Economic Adviser, says as policymakers they have to focus on the real job of keeping reforms on track, getting investment growth up and running again and get growth back to where it was before the recent slowdown.

You can read more here: Moody’s upgrade not enough to get private investment rolling: Sanjeev Sanyal

Gang poses as sellers, cheats Flipkart off Rs 17 lakh


BENGALURU: Exploiting Flipkart's Seller Protection Fund (SPF), a gang posed as online sellers and cheated the Bengaluru-based e-commerce major to the tune of Rs 17 lakh. Flipkart filed a complaint with Koramangala police on Wednesday and named nine persons as suspects who are yet to be traced.

You can read more here: Gang poses as sellers, cheats Flipkart off Rs 17 lakh

Career in tech, business: Why liberal arts education in an uncertain economy is the answer


I met a student named Amy who is studying at the University of Michigan's College of Literature, Science, and the Arts, where I serve as dean. Amy was a wrestler in high school, and she enlisted in the United States military after she graduated.

You can read more here: Career in tech, business: Why liberal arts education in an uncertain economy is the answer

Moody’s upgrade: don't expect an aggressive onshore bond market rally, says Leong Lin-Jing, Aberdeen


We expect an initial rally in the onshore bond market from the positive sentiment after Moody's India upgrade.

You can read more here: Moody’s upgrade: don't expect an aggressive onshore bond market rally, says Leong Lin-Jing, Aberdeen

Peter Thiel out of Y Combinator, two-year partnership dissolved


Donald Trump champion and billionaire tech investor Peter Thiel built his career by getting to know startups early. That’s going to get more difficult. Y Combinator, a startup accelerator famous for launching Airbnb Inc., Stripe Inc. and Reddit -- has ended its affiliation with Thiel.

You can read more here: Peter Thiel out of Y Combinator, two-year partnership dissolved

Tesla Truck could threaten big chunk of oil demand, if it works


Tesla Inc.’s unveiling on Thursday of a new electric truck showed Elon Musk can match Steve Jobs’s ability to wow the tech crowd with a glimpse of the future. If he can equal the manufacturing prowess of Apple Inc.

You can read more here: Tesla Truck could threaten big chunk of oil demand, if it works

Land and labour reforms overstated as challenges for Indian economy: Arun Jaitley


Taking part in the India Development Debate at ET Now, Finance Minister Arun Jaitley says the Moody’s upgrade was expected and sooner than later, some form of upgrades and recognition of all these reforms and steps being taken would come from global agencies.

You can read more here: Land and labour reforms overstated as challenges for Indian economy: Arun Jaitley

This simple innovation can prevent 1.5 million child deaths every year & has UNICEF excited


They say everything tastes better when eaten with bare hands. A less appetising scoop is that 1.5 million children under the age of five die every year from infectious diseases like diarrhoea, which can easily be prevented by washing hands with soap.

You can read more here: This simple innovation can prevent 1.5 million child deaths every year & has UNICEF excited

Moody’s upgrade endorses reforms & govt’s economic policies: Deepak Parekh


HDFC chairman Deepak Parekh created a flutter when he said that he expected that India’s rating upgrade was coming and HDFC Life’s listing was timed accordingly. He spoke to Joel Rebello on Moody’s upgrade of India’s credit rating.

You can read more here: Moody’s upgrade endorses reforms & govt’s economic policies: Deepak Parekh

Betting on 2 stocks for trading on Monday: Kunal Saraogi, Equity Rush


Talking to Kunal Saraogi , CEO, Equity Rush , says DLF and United Spirits are the two stocks he is bullish on for Monday trading. What did you make of the price action in the week gone by? The fact is we did not quite sustain that opening gap, forget building on it, and ebbed off from there.

You can read more here: Betting on 2 stocks for trading on Monday: Kunal Saraogi, Equity Rush

PROJECT: Circular Jewelry Frame


Unique, beautiful and practical, this jewelry frame makes a great gift. It also makes a big use of a small amount of wood.

You can read more here: PROJECT: Circular Jewelry Frame

Ivanka Trump to lead American team for business summit in India: US


President Donald Trump's daughter and advisor Ivanka Trump will lead the US contingent to a global entrepreneurship summit in India this month, the state department announced today.

You can read more here: Ivanka Trump to lead American team for business summit in India: US

Bechtel's $152 Billion in Active Projects Fueled by Demand for LNG, Natural Gas-Fired Plants


SUGAR LAND--November 16, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Bechtel Group Incorporated (San Francisco, California) is maintaining its role as a top engineering, procurement and construction (EPC) provider for natural-gas fired, combined-cycle (NGCC) and liquefied nat

You can read more here: Bechtel's $152 Billion in Active Projects Fueled by Demand for LNG, Natural Gas-Fired Plants

First French technology hub in India to be set up in Bengaluru


BENGALURU: The first French Tech Hub in India would be established in Bengaluru with international collaborations on R&D under an MoU signed by the Karnataka government and Business France India.

You can read more here: First French technology hub in India to be set up in Bengaluru

'Startup policy can make entrepreneurship more comprehensive'


Startup India and Make in India programmes can make entrepreneurship more comprehensive by channelising energy from all elements of the ecosystem, including from entrepreneurs to investors, Union Minister Piyush Goyal has said.

You can read more here: 'Startup policy can make entrepreneurship more comprehensive'

This is the best time to buy a house: Keki Mistry, HDFC


Talking to ET Now, Keki Mistry , Vice Chairman & CEO, HDFC, says subsidy is now available for MIG 2 houses also which are up to 150 sq metre in size. What do you make of the government expanding the guideline of carpet area for this Pradhan Mantri Awas Yojna?

You can read more here: This is the best time to buy a house: Keki Mistry, HDFC

Hitachi Cordless Framing Nailer Review


Battery powered nailers have come a long way over the years.  While finish nailers have exceeded our expectations and can run neck and neck with its pneumatic counterpart, framing nailers are a little different.  Over the years power tool manufacturers have released cordless framing nailers.

You can read more here: Hitachi Cordless Framing Nailer Review

Uber launches four India specific features, to be rolled out globally


BENGALURU: Uber is piloting four new app features in India, including m.uber.com, a website version of Uber, request to book rides for a guest within and across cities, offline search for those with limited connectivity and a call to ride feature, for users to book rides without using the app.

You can read more here: Uber launches four India specific features, to be rolled out globally

Moody’s upgrade a thumbs up to the government: Ashish Chauhan, BSE


Talking to ET Now, Ashish Chauhan , MD & CEO, BSE , says in the long term, he expects India’s credit rating to go up even further. What is your view on the upgradation of India’s sovereign credit rating by Moody’s?

You can read more here: Moody’s upgrade a thumbs up to the government: Ashish Chauhan, BSE

Expect government and RBI to take steps to cool bond market: Indranil Sengupta, BofA ML


Talking to ET Now, Indranil Sengupta, BofA ML , says he expects RBI to buy forex reserves at every opportunity and sees Rupee at 66 in December.

You can read more here: Expect government and RBI to take steps to cool bond market: Indranil Sengupta, BofA ML

We are now positioning ourselves for decades of 7-8% growth: Jayant Sinha


We are shifting from third gear to fourth gear and it is very obvious when you take the longer term view, when you step back from the noise the signals that you are seeing, everything that is happening is really pointing to a very robust and sustainable long term growth and that is what really

You can read more here: We are now positioning ourselves for decades of 7-8% growth: Jayant Sinha

US Commerce Department establishes anti-dumping duties on imports of cold-drawn mechanical steel tubes


KOLKATA: The US Commerce Department has established preliminary anti-dumping duties on imports of cold-drawn mechanical steel tubes from a number of countries, including India, in a range of roughly 5%-209%. Germany, China, Switzerland, Italy and Korea are the other countries included in the list.

You can read more here: US Commerce Department establishes anti-dumping duties on imports of cold-drawn mechanical steel tubes

Faster improvement on fiscal metric can enhance credit profile further: Marie Diron, Moody's


In an interview with ET Now, Marie Diron, Moody's Investors Service , says the Baa2 or stable outlook shows that Moody’s sees the risk is probably balanced and do not envisage rating change in foreseeable future. What prompted Moody’s to finally recognise the India story.

You can read more here: Faster improvement on fiscal metric can enhance credit profile further: Marie Diron, Moody's

Musk reveals surprise cargo in Tesla Semi: The revived roadster


Elon Musk pulled off a Steve Jobs-ian "one more thing" surprise at the unveiling of Tesla Inc.’s Semi model, rolling a new Roadster sports car out of the back of a big rig on stage.

You can read more here: Musk reveals surprise cargo in Tesla Semi: The revived roadster

Thursday, 16 November 2017

Expect Indian rupee to continue outperforming broader Asia and EM block: Lin Jing Leong, Aberdeen AM


Talking to ET Now, Lin Jing Leong, Aberdeen Asset Management , says when there are increases in either government bond limits or corporate bond limits, you should see foreign investors slowly trickle through.

You can read more here: Expect Indian rupee to continue outperforming broader Asia and EM block: Lin Jing Leong, Aberdeen AM

NetApp unveils new Hybrid Cloud services


NEW DELHI: Cloud firm NetApp on Friday introduced new Hybrid Cloud offerings to help customers efficiently use data for competitive advantage.

You can read more here: NetApp unveils new Hybrid Cloud services

Moody’s upgrade a sentiment booster but does not change fundamentals: Gautam Chhaochharia, UBS


Corporate India earnings will follow their own cycle depending on how the economic cycle recovers. Whatever little disruption we saw because of GST etc. should gradually be behind us and we will see some optical recovery based on base effect etc.

You can read more here: Moody’s upgrade a sentiment booster but does not change fundamentals: Gautam Chhaochharia, UBS

Moody’s India upgrade to make bond market stronger: Nimesh Shah, ICICI Pru AMC


Talking to ET Now, Nimesh Shah, ICICI Prudential AMC , says the Moody’s upgrade will make it easier for FIIs to justify their case for investing in India on the bonds, especially for corporate debt.

You can read more here: Moody’s India upgrade to make bond market stronger: Nimesh Shah, ICICI Pru AMC

The Moody’s India upgrade had been long overdue: Amitabh Kant, Niti Aayog


Talking to ET Now, Amitabh Kant , CEO, Niti Aayog , points out that no other country in the world has undertaken such vast reforms, no other country in the world has done this while ensuring a huge amount of fiscal discipline Edited excerpts: What is your first reaction to the Moody’s upgrade?

You can read more here: The Moody’s India upgrade had been long overdue: Amitabh Kant, Niti Aayog

Critics of the Modi government, please shut up: Rakesh Jhunjhunwala


Talking to ET Now, Rakesh Jhunjhunwala, Rare Enterprises , says Moody’s India upgrade is a recognition of the fact that whatever India is doing it is going to pay and it is paying and will pay very hefty dividend economically. What is your first reaction to the endorsement from Moody’s?

You can read more here: Critics of the Modi government, please shut up: Rakesh Jhunjhunwala

This biometric rear-view mirror allows you to start a car, casts a safety net


Step 1: Book a cab Step 2: Check if the driver matches the driver profile on app Step 3: Send location-tracking alert to your family or friends Step 4: Push the panic button in case of an emergency Step 5: Stay alert, in any case.

You can read more here: This biometric rear-view mirror allows you to start a car, casts a safety net

Moody’s India upgrade to bring cost of borrowing down for corporates, government: Madhusudan Kela


Talking to ET Now, Madhusudan Kela , market expert says the upgrade will send an extremely positive signal to various investment communities -- including FIIs. The Moody’s India upgrade is a great endorsement. This is more like a moment of glory for India’s economy.

You can read more here: Moody’s India upgrade to bring cost of borrowing down for corporates, government: Madhusudan Kela

Investors say startups have to take capital efficiency seriously


NEW DELHI: At The Economic Times Power of Ideas event, which was held in New Delhi on Saturday, leading industry stalwarts of India’s internet economy said that capital is only one of the differentiators against competition and not the most important one.

You can read more here: Investors say startups have to take capital efficiency seriously

A 'missed call' shopping network is taking VR retail to the villages


BENGALURU: A unique experiment is underway in a handful of villages across Shivamogga and Davangere districts of Karnataka. Every day, two vans snake across the weather beaten roads of these districts, selling products ranging from mobile phones to washing machines.

You can read more here: A 'missed call' shopping network is taking VR retail to the villages

Branson-backed Virgin Hyperloop One signs deal with K'taka to study feasibility


BENGALURU: Virgin Hyperloop One, a startup which makes high-speed pod-based transportation systems is partnering with the government of Karnataka to conduct a preliminary study to understand hyperloop’s feasibility and economic impact in the region.

You can read more here: Branson-backed Virgin Hyperloop One signs deal with K'taka to study feasibility

Myntra leverages its network of kirana stores for last-mile deliveries


BENGALURU: Fashion portal Myntra is aggressively leveraging its network of 'kirana' stores and other small shops to fulfil its last-mile deliveries.

You can read more here: Myntra leverages its network of kirana stores for last-mile deliveries

Moody’s upgrade acknowledges medium-term structural reforms: Nagaraj Kulkarni, Standard Chartered


Talking to ET Now, Nagaraj Kulkarni, Standard Chartered , says the announcement should give bond markets some comfort that there is an external independent endorsement of the reforms and not everything is bad with the country.

You can read more here: Moody’s upgrade acknowledges medium-term structural reforms: Nagaraj Kulkarni, Standard Chartered

Global payment firms ready to cut ore cheques in India


NEW DELHI|BENGALURU: Global payment majors are readying their cheque books, as they scout for deals in India, targeting ventures that will allow them to expand their bouquet of financial products and services to consumers in Asia’s third-largest economy.

You can read more here: Global payment firms ready to cut ore cheques in India

Mukesh Ambani's soft online approach may outsmart Amazon and Flipkart


The $200 billion e-commerce market Morgan Stanley is forecasting for India by 2027 just got a new contender -- with a very different plan. Energy tycoon Mukesh Ambani has already disrupted the country's telecom industry. His next big foray may be online retail.

You can read more here: Mukesh Ambani's soft online approach may outsmart Amazon and Flipkart

CIL mulls increase in prices to meet rise in wage costs


KOLKATA: Coal India is considering raising prices to meet the cost of the 20% wage hike. It last raised prices by 10% in May last year. He said the wage bill puts an additional burden Rs 5,800 crore annually, and another Rs 9,500 crore needs to be spent on expansion.

You can read more here: CIL mulls increase in prices to meet rise in wage costs

Govt to ensure rising steel prices don’t push up infrastructure project costs


KOLKATA: The government will ensure rising steel prices do not lead to increase in cost of infrastructure projects.

You can read more here: Govt to ensure rising steel prices don’t push up infrastructure project costs

How this startup's 3D cloud environment is helping users manage assets, do other operations


BENGALURU: Pradeep Kumar and Rajanish SD met in the National Institute of Technology Surathkal, more than a decade ago. They instantly connected, thanks to their shared love for gaming. Back then, strategy games such as Age of Empires were popular.

You can read more here: How this startup's 3D cloud environment is helping users manage assets, do other operations

Global investors heading to India are beginning to make a stopover at Bangladesh


When Waseem Alim, a Wharton graduate, decided to move back home in 2013 and launch an ecommerce company, there was zero buzz around startups on the streets of Bangladesh. Alim hoped to change that.

You can read more here: Global investors heading to India are beginning to make a stopover at Bangladesh

As Mumbai bench of NCLT rules in favour of Monnet Ispat


The Mumbai bench of the National Company Law Tribunal (NCLT) on Thursday cited the ongoing bankruptcy resolution process to suspend arbitration proceedings on a credit transaction involving the debtladen Monnet Ispat and an overseas vendor. Monnet owed about Rs 2.

You can read more here: As Mumbai bench of NCLT rules in favour of Monnet Ispat

ArcelorMittal, Tata Steel evince interest in Bhushan Steel


Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings.

You can read more here: ArcelorMittal, Tata Steel evince interest in Bhushan Steel

DIY Wood Burned Fall Centerpiece


Thanksgiving is almost here! That means tons of food, family time, and adorable fall decor! This Thanksgiving, I am lucky enough to partner with my friends at Bernzomatic to create a rustic, wood burned centerpiece for our Thanksgiving table.

You can read more here: DIY Wood Burned Fall Centerpiece

Indian state committee recommends expansion of Vedanta's alumina refinery


An Indian state committee on Thursday recommended the expansion of Vedanta Ltd's Lanjigarh Alumina refinery from 1 million tonnes to 6 million tonnes, an investment that would cost the company 64.83 billion Indian rupees ($993 million).

You can read more here: Indian state committee recommends expansion of Vedanta's alumina refinery

Microsoft launches new application suite for SMBs, millennials


With an aim to capture a larger share of the over 50 million small and medium enterprises in the country, Microsoft has launched a sleek version of its Enterprise 365 application suite called the Microsoft 365 Business.

You can read more here: Microsoft launches new application suite for SMBs, millennials

Over 30,000 crore lined up for petrochemical MSMEs in east India: Dharmendra Pradhan


BHUBANESWAR: Over Rs 30,000 crore would be pumped in to set up MSMEs in petrochemical sector in eastern India over the course of two years, Union Petroleum Minister Dharmendra Pradhan said today.

You can read more here: Over 30,000 crore lined up for petrochemical MSMEs in east India: Dharmendra Pradhan

Over 30,000 crore lined up for petrochemical MSMEs in east India: Dharmendra Pradhan


BHUBANESWAR: Over Rs 30,000 crore would be pumped in to set up MSMEs in petrochemical sector in eastern India over the course of two years, Union Petroleum Minister Dharmendra Pradhan said today.

You can read more here: Over 30,000 crore lined up for petrochemical MSMEs in east India: Dharmendra Pradhan

GoDaddy set to provide online security awareness programme for SMEs


NEW DELHI: An Online Security Awareness Programme for November and December was launched on Thursday by GoDaddy. This initiative will entail GoDaddy's engagement with small businesses through online and offline channels with the objective to highlight the need to create a secure online identity.

You can read more here: GoDaddy set to provide online security awareness programme for SMEs

Stashfin partners with Paisabazaar for cards and loans


MUMBAI: Digital lending venture StashFin has entered into a marketplace tie-up with Paisabazaar.com, for loans and cards. With this partnership the company hopes that it will provide more borrowers a greater flexibility in availing credit and ensure quicker disbursements.

You can read more here: Stashfin partners with Paisabazaar for cards and loans

Rolling Magnetic Sweeper Review


A magnetic sweeper is one of those tools that you really don’t think about.  Most guys are quick to brag about their drill, saw or impact, but not so much when it comes to a sweeper.  It’s one of those tools that doesn’t get the respect it should.

You can read more here: Rolling Magnetic Sweeper Review

If crude crosses $70, I do not know what options govt will have: Kamlesh Rao, Kotak Securities


Because of crude oil price rise or probably CPI moving northwards, we have started seeing bond yields increasing to 7% or so.

You can read more here: If crude crosses $70, I do not know what options govt will have: Kamlesh Rao, Kotak Securities

Reliance Nippon Life AM has zero exposure to debt equity of R-Comm: Sundeep Sikka


Talking to ET Now, Sundeep Sikka , ED & CEO, Reliance Nippon Life AM , says the total number of SIPs have crossed 20 lakhs and they are adding roughly about Rs 6,000 crore per annum. Are you happy with your results?

You can read more here: Reliance Nippon Life AM has zero exposure to debt equity of R-Comm: Sundeep Sikka

We still say we do not need any bailout: PS Jayakumar, BoB


The other issue is how that is going to play out. These are large accounts dealing with steel exposure, power sector exposure etc. As far as a smaller accounts are concerned, that is really the area of focus for us because that is within our control and so we are working on them.

You can read more here: We still say we do not need any bailout: PS Jayakumar, BoB

Only 10 mining leases start operations in Goa post-monsoon


PANAJI: After the end of the monsoon season, iron ore extraction activity has started in Goa but the pace has been slow. Of the total 89 mines, only ten have started their operations, a senior Goa government official said today.

You can read more here: Only 10 mining leases start operations in Goa post-monsoon

What do you do when your SME is not making money?


While there may be ample data on SMEs that do not make money, what should be done when that dull period actually strikes? This is a question that leads to some further questions - to explain why the business does not make money and what pre-emptive measures could be taken to tackle it.

You can read more here: What do you do when your SME is not making money?

HDFC Opportunities Fund will invest 80% in equity and 20% in debt: Srinivas Rao Ravuri


Talking to ET now, Srinivas Rao Ravuri, Senior Fund Manager - Equities, HDFC AMC, says while the Opportunities fund would be betting on low-cost housing theme, it will be very broad-based and focus won’t be on HFCs.

You can read more here: HDFC Opportunities Fund will invest 80% in equity and 20% in debt: Srinivas Rao Ravuri

MG Drives Innovation, TiE Delhi come together to collaborate with technology startups


AHMEDABAD: MG Motor India on Thursday said it has joined hands with TiE Delhi, a nonprofit association that mentors’ startup founders, to launch the ‘MG Drives Innovation’ program.

You can read more here: MG Drives Innovation, TiE Delhi come together to collaborate with technology startups

Wednesday, 15 November 2017

Retail and personal lines growth driving the market: G Srinivasan, New India Assurance


Talking to ET Now, G Srinivasan, Chairman cum Managing Director, New India Assurance, says health and motor were challenge areas for the Indian general insurance industry and we have seen substantial improvements happening in the recent months.

You can read more here: Retail and personal lines growth driving the market: G Srinivasan, New India Assurance

Restaurants fall in line on GST as new rates kick in


NEW DELHI: Restaurants across the country on Wednesday complied with the lower goods and services tax (GST) rate of 5 per cent after initial reluctance to do so, at least from some quarters.

You can read more here: Restaurants fall in line on GST as new rates kick in

No GST on advance taken by FMCG companies


NEW DELHI: In a big relief to all FMCG companies and others that take advance from dealers before they supply goods, no goods and services tax (GST) would be levied on such advance.

You can read more here: No GST on advance taken by FMCG companies

GSTN utility for exporters to claim refunds to go live tonight


Merchant exporters can start claiming tax refunds using the new utility that will be activated on the GST Network portal tonight, GSTN CEO Prakash Kumar said.

You can read more here: GSTN utility for exporters to claim refunds to go live tonight

Londoners to eat out of a Royal Enfield food-bike thanks to this Indian startup


BENGALURU: BBQ Ride India, a Bengaluru-based food-bike startup, is revving to make a start overseas after a year of domestic operation. Come March 2018 and Londoners could be eating out of a 500-cc Royal Enfield food-bike dishing out grills around Hyde Park.

You can read more here: Londoners to eat out of a Royal Enfield food-bike thanks to this Indian startup

Time of plentiful multibaggers over, now look for compounders: Porinju Veliyath


Lots of things have happened since we chatted before Diwali. From 10,500, we are just about struggling at 10,100. Should we be worried or would you say this is just routine profit taking going on in the market?

You can read more here: Time of plentiful multibaggers over, now look for compounders: Porinju Veliyath

Paytm partners with ICICI Bank for quick credit


MUMBAI: Digital payments platfrom Paytm has partnered with the country's largest private sector lender ICICI Bank for a short term credit product for its customers.

You can read more here: Paytm partners with ICICI Bank for quick credit

City girl makes it to Forbes list with tool to combat addictions


CHENNAI: For the second year in a row, a Chennai native is among the innovators and entrepreneurs in the Forbes’ ‘30 under 30’ list in the area of healthcare. The 2018 edition includes Akshaya Shanmugam, 29, the CEO of Lumme Inc.

You can read more here: City girl makes it to Forbes list with tool to combat addictions

China will continue to effect metal prices: R Sreesankar, Prabhudas Lilladher


Talking to ET Now, R Sreesankar , Head Institutional Equities, Prabhudas Lilladher , says China will play a big role in terms of price direction of a lot of commodity stocks especially industrial commodities, no doubt about it.

You can read more here: China will continue to effect metal prices: R Sreesankar, Prabhudas Lilladher

Cosmic ambitions: Team Indus is attempting something even ISRO has not tried


Man's cosmic quests may still be few and far between, but there is no contending the fact that giant leaps have been made in conjuring motion picture abstractions of the same. From Gravity and Interstellar to Martian and the Guardians of the Galaxy, a vast Space Odyssey has been explored.

You can read more here: Cosmic ambitions: Team Indus is attempting something even ISRO has not tried

India remains a very good long-term investment for EM investors: Geoff Dennis, UBS


Talking to ET Now, Geoff Dennis , Head-Global EM Strategy, UBS , says it has been very strong in emerging markets and really a pause here is not a bad thing and not all that surprising. What is your take on the way how markets have sold off in last couple of days?

You can read more here: India remains a very good long-term investment for EM investors: Geoff Dennis, UBS

ET Power of Ideas: Pune to emerge as fintech incubation centre for India


MUMBAI: If Bengaluru has already emerged as the technology hub for the country, Pune with its favourable weather conditions and rich technology resources could be playing catch up provided the infrastructure issues plaguing the western city get addressed soon.

You can read more here: ET Power of Ideas: Pune to emerge as fintech incubation centre for India

This $5 billion startup made its first Cancer vaccine - for just one person


For Moderna Therapeutics, the road to a cancer breakthrough begins on the back of a FedEx truck.

You can read more here: This $5 billion startup made its first Cancer vaccine - for just one person

Online retailer Infibeam gets RBI nod for B2B payment service


AHMEDABAD: Online retailer Infibeam said on Wednesday that it has been granted an in-principle licence by the RBI for B2B payment of utility and services bills across the country through its CCAvenue payments platform, reports Vishal Dutta.

You can read more here: Online retailer Infibeam gets RBI nod for B2B payment service

Bain Capital, GIC to Sell 10 million shares in Genpact


BENGALURU: Genpact’s investors Bain Capital and GIC Private have offered to sell 10 million common shares taking their holding in the company down to 25%, the business process management company said in a filing with the US Securities and Exchange Commission.

You can read more here: Bain Capital, GIC to Sell 10 million shares in Genpact

Five technologies that will spin your world


After the Russian hacking of the 2016 US election, many people worry that technology has gone too far. And yet it continues to evolve rapidly. Largely because of the success of companies like Google, Facebook and Amazon, investment in tech research continues to climb.

You can read more here: Five technologies that will spin your world

Facebook begins trial of service that will compete with Quikr, Olx


MUMBAI: Facebook is testing Marketplace, its service for connecting local buyers and sellers in India for the first time. “In India, we are seeing more and more people who are using social media to buy and sell goods.

You can read more here: Facebook begins trial of service that will compete with Quikr, Olx

20 Clever Inventions You Probably Didn't Know Were Made By Indians

Invent something today.

Details: 20 Clever Inventions You Probably Didn't Know Were Made By Indians

India will reap benefits of demographic dividend: Indranil Sengupta, BoA-ML


After disruptions caused by demonetisation and implementation of the new tax regime, the economy is well on its path to stabilisation.

You can read more here: India will reap benefits of demographic dividend: Indranil Sengupta, BoA-ML

SoftBank plans to invest up to $25 billion in Saudi Arabia


Japan's SoftBank Group Corp plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday, citing people familiar with the matter.

You can read more here: SoftBank plans to invest up to $25 billion in Saudi Arabia

BookMyShow signs strategic tie-up with PVR Pictures for Vkaao


Online entertainment ticketing platform BookMyShow has partnered with PVR Pictures' online screening-on-demand service Vkaao to offer curated and on-demand content to consumers.

You can read more here: BookMyShow signs strategic tie-up with PVR Pictures for Vkaao

Ascent Health racks up multiple acquisitions post Rs 400 crore Everstone Capital funding


NEW DELHI: Everstone Capital-backed Ascent Health and Wellness has racked up multiple acquisitions across the country as the Mumbai-based company pushes deeper into the pharmaceutical distribution space. The four-year-old company is targeting more buyouts by the end of the current fiscal.

You can read more here: Ascent Health racks up multiple acquisitions post Rs 400 crore Everstone Capital funding

Coal India loads record 250 rakes on Tuesday


KOLKATA: Coal India, in collaboration with the Indian Railways managed to load 250 rakes of coal on Tuesday – the highest in November which is a new record. It is now targeting to load 266 rakes a day to achieve its targeted average loading of 250 rakes a day for the year.

You can read more here: Coal India loads record 250 rakes on Tuesday

Why Rahul Shah of MOFSL is gung ho on ICICI Bank


Talking to ET Now, Rahul Shah , AVP, Group Leader-Equity Advisory Group, MOFSL, says the fall in metal price is a reflection of global developments and one can expect some kind of support, another 2-3% lower from the current price.

You can read more here: Why Rahul Shah of MOFSL is gung ho on ICICI Bank

Bernzomatic TS8000 Review


In 1876, Otto Bernz created a company to sell plumbers’ tools, furnaces and torches. His goal was simple, quality products. Over time, Bernzomatic has grown to a much larger company, but they haven’t changed their goal – quality products.

You can read more here: Bernzomatic TS8000 Review

We have 2-4 more months of pain ahead: Anish Damania, IDFC Securities


Talking to Ajay Sharma of ET Now at the sidelines of the conference organised by IDFC Security, Anish Damania says given the fact that there was a very large impact of demonetisation and GST in FY18, the base becomes very low for growth to take off.

You can read more here: We have 2-4 more months of pain ahead: Anish Damania, IDFC Securities

Crude prices likely to continue around $60: Vikash Jain, CLSA


Talking to ET Now, Vikash Jain, Oil Analyst, CLSA, says we generally like the upstream companies more than the downstream ones and once that is tested, there could be a rerating for ONGC and some of the other companies like that.

You can read more here: Crude prices likely to continue around $60: Vikash Jain, CLSA

Hot Startups: 50 companies to watch out for in 2018


At the recent Nasscom Product conclave in Bangalore, about 45 minutes were spent discussing, , "Is the Indian startup ecosystem disruptive enough?".

You can read more here: Hot Startups: 50 companies to watch out for in 2018

The GST in India: Tax Rates Slashed, Some Compliance Relaxed


Last week, the GST Council announced several revisions to the indirect tax regime, making it more business-friendly. In this article, we highlight the most significant changes announced.

The post The GST in India: Tax Rates Slashed, Some Compliance Relaxed appeared first on India Briefing News.

We will maintain 20-25% growth in FY18: Paresh Mehta, Ashoka Buildcon


Talking to ET Now, Paresh Mehta , CFO, Ashoka Buildcon , says they have an order book of Rs 6100 crore of which Rs 1700 crore is in the power sector and Rs 4400 crore in the road sector. What kind of long-term growth are you pitching to investors?

You can read more here: We will maintain 20-25% growth in FY18: Paresh Mehta, Ashoka Buildcon

No capex plan across portfolio of businesses: Adi Godrej


Talking to ET Now, Adi Godrej , Chairman, Godrej Industries , says expects better growth than in the second quarter and overall the Indian economy will also do well in H2. There has been a fairly strong performance in realty, palm oil and your dairy business.

You can read more here: No capex plan across portfolio of businesses: Adi Godrej

Buying groceries? Make sure to check GST 'discounts'


From Wednesday, consumers would do well to check their shopping bills closely.

You can read more here: Buying groceries? Make sure to check GST 'discounts'

FedEx Express sets into motion road module for India


Global logistics major FedEx Express today launched a road assessment programme for India to address safety concerns as part of its CSR mandate.

You can read more here: FedEx Express sets into motion road module for India

Betting on these 4 stocks in road sector: Shirish Rane, IDFC Securities


Talking to ET Now, Shirish Rane , Head of Research, IDFC Securities , says bullish on Ashoka Buildcon, NCC, PNC Infratech and Sadbhav Engineering in the road sector. The big talking point has been that the macros are now dwindling a wee bit.

You can read more here: Betting on these 4 stocks in road sector: Shirish Rane, IDFC Securities

Tuesday, 14 November 2017

Any company that did not do double digit growth in Q2 is in serious trouble: Varun Berry, Britannia Industries


Talking to ET Now, Varun Berry , MD, Britannia Industries , says hopefully, things should come back to a sustained growth from a top line perspective, especially now that the company was on MSCI index. You have made it to the prestigious MSCI Index.

You can read more here: Any company that did not do double digit growth in Q2 is in serious trouble: Varun Berry, Britannia Industries

GirnarSoft brings on board former HR head of Yatra as its Chief People Officer


MUMBAI: GirnarSoft, which owns and operates automobile portals CarDekho, Gaadi, and Zigwheels has appointed Pragya Kumar as its Chief People Officer. Kumar will join GirnarSoft from Yatra.com where she served as the head for human resources for 7 years.

You can read more here: GirnarSoft brings on board former HR head of Yatra as its Chief People Officer

Betting on long-term compounders to take care of any PE rerating: Gautam Sinha Roy, Motilal Oswal AMC


Talking to ET Now, Gautam Sinha Roy, Motilal Oswal AMC , says going forward over the next three years, there will be some sort of PE rerating in markets. What is your take on the market? You must be noticing what is happening on the macro front -- yields are at 7%, crude is at $61.

You can read more here: Betting on long-term compounders to take care of any PE rerating: Gautam Sinha Roy, Motilal Oswal AMC

Indians need tools to succeed


If India is to live up the expectations of its own people and become a successful middle-income country in a few decades, the country has multiple problems to solve -- its sclerotic politics, its clogged infrastructure, its choked judicial system, its lack of investable capital, its interfering and

You can read more here: Indians need tools to succeed

Yale professors race Google and IBM to the first quantum computer


SAN FRANCISCO: Robert Schoelkopf is at the forefront of a worldwide effort to build the world’s first quantum computer. Such a machine, if it can be built, would use the seemingly magical principles of quantum mechanics to solve problems today’s computers never could.

You can read more here: Yale professors race Google and IBM to the first quantum computer

Maharashtra bars construction within 100 feet of hill ranges


MUMBAI: There can be no new construction within 100 feet of foothills across the state. The area will have to be maintained as an open space and reserved as a no-development zone.

You can read more here: Maharashtra bars construction within 100 feet of hill ranges

Why Angel Broking’s Mayuresh Joshi is betting on these 2 stocks


Talking to ET Now, Mayuresh Joshi , Fund Manager, Angel Broking . Explains why he is bullish on Amara Raaja and Shree Pushkar. The macro environment is getting a little challenging now and the bond yields are already reflective of that fear.

You can read more here: Why Angel Broking’s Mayuresh Joshi is betting on these 2 stocks

GST: Tax aftershock widens gap between bigger companies and smaller firms


India’s biggest tax overhaul since independence has driven a wedge between companies that have adapted to the new levies and a vast swath of small businesses, representing almost half the economy, that are struggling.

You can read more here: GST: Tax aftershock widens gap between bigger companies and smaller firms

Geopolitical risks remain quite significant for global markets: Jaideep Khanna, Barclays


Financial markets and Indian banking industry are in a flux, thanks to normalisation of monetary policy by the Federal Reserve and India’s new bankruptcy laws and staterun banks’ recapitalisation.

You can read more here: Geopolitical risks remain quite significant for global markets: Jaideep Khanna, Barclays

Golflan gets $1.2-million to swing big now


BENGALURU: Delhi-based startup GolfLan, which offers an online golf community and marketplace, has raised $1.2 million from Dubai-based entrepreneur Deven Lakshmi Chand Bebhia. In November,2016, the company had raised $1 million from YourNest Angel Fund and African IT/ITES group iSON.

You can read more here: Golflan gets $1.2-million to swing big now

ET Power Of Ideas: Kolkata just needs a bridge to reach its startup potential


KOLKATA: The eastern part of India seldom gets a mention when the country’s vibrant startup ecosystem is a topic of discussion.

You can read more here: ET Power Of Ideas: Kolkata just needs a bridge to reach its startup potential

Active.Ai raises over $8 million in Series-A round


MUMBAI: Singapore-based fintech platform Active-.Ai has raised $8.25 million in a series-A round, which was led by Vertex Ventures, Creditease Holdings and Dream Incubator. Existing investors Kalaari Capital and IDG Ventures also participated.

You can read more here: Active.Ai raises over $8 million in Series-A round

Global investment bank Nomura picks six Indian startups


MUMBAI: Global investment bank Nomura has closed the first edition of its ‘Voyager Nomura Fintech Partnership’, a global accelerator cum cocreation platform, having selected eight startups from across the world to build products and solutions specifically for capital markets and investment banki

You can read more here: Global investment bank Nomura picks six Indian startups

VDeliver acquires food delivery app Towny


HYDERABAD: Corvus Ventures and Boss Consulting-backed hyperlocal logistic firm VDeliver has acquired the Towny app, which is into food delivery and other services, in a cash-and-stock deal for an undisclosed consideration.

You can read more here: VDeliver acquires food delivery app Towny

Naspers lines up billions for tech investments


Naspers Ltd. is keen to continue its search for e-commerce and tech investments, with Africa’s biggest company happy to deploy a sizable war chest in its hunt for deals.

You can read more here: Naspers lines up billions for tech investments

Swiggy sees a big pie in delivering ads to customers


MUMBAI | BENGALURU: Online food delivery startup Swiggy said it plans to start ramping up its advertisement business next year, targeting to generate as much as a fourth of its overall revenue from that segment by 2020.

You can read more here: Swiggy sees a big pie in delivering ads to customers

Here comes a truckload of Amazon money: Rs 2,900 crore!


BENGALURU: Amazon has pumped in another Rs 2,900 crore into Amazon Seller Services, making its single-biggest infusion into its India marketplace during a year when rival Flipkart mopped up nearly $4 billion (about Rs 26,180 crore) in funding.

You can read more here: Here comes a truckload of Amazon money: Rs 2,900 crore!

EPC Firms Wrestle with Changing Power Market


SUGAR LAND--November 13, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Trump administration's repeal of the Clean Power Plan has not led to increased interest in new-build coal-fired power projects, attendees at the 4th Annual Western Power Summit told Industrial

You can read more here: EPC Firms Wrestle with Changing Power Market

We Are Back!


To those of you who visit the Woodworker’s Journal website regularly, you may have noticed a bit of a hiccup in the last few days. The gremlins of the ether were hard at work messing with our website, and it went down for several days.

You can read more here: We Are Back!

CIL in talks with railways to hike rake loading


KOLKATA: Coal India is talking to the railways to increase rake loading from an average of 216 so far since April to 250 by the end of the fiscal year, as it seeks to meet increased demand with both power and non-power sectors facing a short-supply of the dry fuel.

You can read more here: CIL in talks with railways to hike rake loading

After changing telecom's face forever, Jio now sets sights on a grand entry in ecommerce


AHMEDABAD: Reliance Jio, after successfully disrupting India’s telecom industry, is preparing to wade into the crowded ecommerce market leveraging its vast network and hundreds of millions of subscribers, according to two persons aware of matter.

You can read more here: After changing telecom's face forever, Jio now sets sights on a grand entry in ecommerce

VIDEO: Turning Hollow Vessels


A hollow vessel is a turned piece that features an opening that is smaller than the lower part of the vessel. The swan neck shaft of the Carbide Hollowing Tool is specially contoured for making blind cuts and undercuts inside of turned vessels.

You can read more here: VIDEO: Turning Hollow Vessels

Top executives from HCL, Hero, Lenskart, Freshworks amongst marquee investors to invest in Josh Talks


Josh Talks, a two year old start-up that provide motivational platform to showcase people from diverse backgrounds through conferences & online video content; raised undisclosed angel funding to fuel its foray into vernacular language targeting Tier-2 & other smaller cities youths.

You can read more here: Top executives from HCL, Hero, Lenskart, Freshworks amongst marquee investors to invest in Josh Talks

Zomato launches subscription-based 'Zomato Gold' in India


NEW DELHI: Online restaurant guide and food ordering app Zomato today launched its 'Zomato Gold' programme -- a paid subscription-based service -- in India.

You can read more here: Zomato launches subscription-based 'Zomato Gold' in India

Larsen & Toubro Infotech to acquire Syncordis SA


Larsen & Toubro Infotech (LTI) today said it will acquire Luxembourg-based Syncordis SA along with its subsidiaries in France, UK, Luxembourg and India for 15 million euros (about Rs 115.28 crore).

You can read more here: Larsen & Toubro Infotech to acquire Syncordis SA

Shaper Tools: The Origins of Origin


During last summer’s AWFS fair in Las Vegas, Woodworker’s Journal had the opportunity to interview Joe Hebenstreit, CEO of Shaper Tools, Inc., and see the company’s revolutionary Origin tool for the first time.

You can read more here: Shaper Tools: The Origins of Origin

Maple End Table


The popular dimensions for this type of table displayed in a bedroom are 18″ x 18″ x 24″ height. I settled for 16″ depth, 17″ width, 22″ height, for and put it in the corner of a dinning room. The piece is made from 3/4″ soft maple.

You can read more here: Maple End Table

Hardwood and Plywood Bench Top?


I am preparing to build a workbench and would like a properly thick top of hardwood. But I am hoping to save some money by cutting my hardwood into 1-1/2-in. strips, then gluing them together on-edge to a base of two 3/4-in. sheets of plywood, ending up with a 3-in.-thick top.

You can read more here: Hardwood and Plywood Bench Top?

Shaper Tools: The Origins of Origin


During last summer’s AWFS fair in Las Vegas, Woodworker’s Journal had the opportunity to interview Joe Hebenstreit, CEO of Shaper Tools, Inc., and see the company’s revolutionary Origin tool for the first time.

You can read more here: Shaper Tools: The Origins of Origin

Milwaukee Fixed Blade Knives


Milwaukee Tool has expanded its cutting solutions by introducing two fixed blade knives that are built to deliver uncompromising performance and extreme blade durability: the Tradesman Fixed Blade Knife and Hardline™ Fixed Blade Knife.

You can read more here: Milwaukee Fixed Blade Knives

Micro Fence Launches New Website


Celebrating its 24th anniversary of producing the Micro Fence Edge Guide System for rotary tools and compact routers, the Micro Fence company is launching a new and improved website.

You can read more here: Micro Fence Launches New Website

Earnings season mostly in line with expectations: Kashyap Pujara, Axis Capital


Talking to ET Now, Kashyap Pujara , ED-Midcap, Axis Capital , says we have seen close to 9% earnings growth in H1 and 54% of this growth has been led by global commodities like oil and metals. Start off with your outlook on the earning season.

You can read more here: Earnings season mostly in line with expectations: Kashyap Pujara, Axis Capital

Higher CPI, pushes back chances of rate cut by RBI: Rupa Rege, L&T Finance Services


Talking to ET Now, Rupa Rege, L&T Finance Services, says RBI’s hands will be tied because growth figures in USA are quite robust. They have lost the opportunity and now any rate reduction looks difficult. CPI is at a seven-month high but nevertheless, the IIP number was decent.

You can read more here: Higher CPI, pushes back chances of rate cut by RBI: Rupa Rege, L&T Finance Services

Electrosteel Steels reports increased loss after beginning insolvency resolution process


MUMBAI: Debt-laden company Electrosteel Steels, that is undergoing insolvency resolution, reported a quarterly increase in losses for the quarter ending September, which is when the company started the resolution process with a court-appointed resolution practitioner.

You can read more here: Electrosteel Steels reports increased loss after beginning insolvency resolution process

Q4 will have maximum foreign reinsurance premium treaty renewals: Alice G Vaidyan, GIC


Talking to ET Now, Alice G Vaidyan , Chairman & MD, GIC, says going forward, GIC will show higher solvency level. How has GIC been performing?

You can read more here: Q4 will have maximum foreign reinsurance premium treaty renewals: Alice G Vaidyan, GIC

Yes Bank ties up with Centre Denmark India for fintech collaboration


MUMBAI: Private sector lender Yes Bank has signed a Memorandum of Understanding (MoU) with Innovation Centre Denmark India (ICDK India), a partnership between the Ministry of Foreign Affairs of Denmark and the Danish Ministry of Higher Education and Science to bring fintech innovations and startups

You can read more here: Yes Bank ties up with Centre Denmark India for fintech collaboration

Investing in child’s future, check out these funds: Dhirendra Kumar


Talking to ET Now, Dhirendra Kumar , CEO, Value Research , says one has to plan more meticulously and be more methodical about it and give it as much time as possible.

You can read more here: Investing in child’s future, check out these funds: Dhirendra Kumar

GST glitches likely to hit exports in October


NEW DELHI: Exports are expected to shrink in October after several months of increase, with exporters blaming issues related to the implementation of goods and services tax (GST) as well as front-loading of shipments in September to avail of higher duty drawback rates, which are meant to be refunds

You can read more here: GST glitches likely to hit exports in October

We are 50: 50 focused on salaried & non-salaried: R Varadarajan, Repco Home Finance


Talking to ET Now, R Varadarajan, MD, Repco Home Finance, says the niche focus on non-salaried in tier 2 and 3 cities will continue. You have a good set of numbers, we are seeing your disbursements pick up and margin expansion as well. What would you say has led to this kind of performance?

You can read more here: We are 50: 50 focused on salaried & non-salaried: R Varadarajan, Repco Home Finance

Businesses can edit August, September GSTR-3B returns from November 20

GST Network will launch a facility for businesses to make changes to their August and September GSTR-3B return forms beginning November 20,...