Monday, 25 September 2017

LTTS sets up engineering development center in Chennai for Vestas


PUNE: L&T Technology Services (LTTS), a pure-play engineering R&D services company today announced the formal establishment of an engineering solutions delivery center in Chennai to support Danish wind energy firm Vestas.

You can read more here: LTTS sets up engineering development center in Chennai for Vestas

Sunday, 24 September 2017




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Shyam Sekhar on how to invest in financial and deleveraged themes


I think that financials especially those where the valuations are excess must be sold now. If you do not get out now you are only going to be watched. I would say this with and they may be the best of companies but you have to be ruthless when it comes to valuations.

You can read more here: Shyam Sekhar on how to invest in financial and deleveraged themes

Cherry-pick in 3 sectors for 20% y-o-y returns: Harendra Kumar, Elara Capital


Hindustan Copper among metals and BEML among infra stocks have billion dollar market cap. Other than that aviation is the third space that can give 20% return annually, says Harendra Kumar of Elara Capital .

You can read more here: Cherry-pick in 3 sectors for 20% y-o-y returns: Harendra Kumar, Elara Capital

One surprise standout for Uber: Food delivery


SAN FRANCISCO: For years, Bob Gordon, the owner of Footprints Cafe in Brooklyn, handled the delivery of his restaurant's meals, like his Caribbean-inspired "Rasta Pasta," to customers.

You can read more here: One surprise standout for Uber: Food delivery

Facebook fail is blow for Silicon Valley cult of founder control


Silicon Valley spent more than a decade finding ways to give company founders more control. When Facebook Inc. tried to follow suit, shareholders pushed back.

You can read more here: Facebook fail is blow for Silicon Valley cult of founder control

In battle for talent, one startup founder tries 'unlimited' pay


China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market -- and so far it's working. Beijing ByteDance Technology Co.

You can read more here: In battle for talent, one startup founder tries 'unlimited' pay

In battle for talent, one startup founder tries 'unlimited' pay


China may have a reputation for low wages and sprawling factories. But in a sign of changing times, one startup founder has embraced a strategy of paying top employees the highest salaries in the market -- and so far it's working. Beijing ByteDance Technology Co.

You can read more here: In battle for talent, one startup founder tries 'unlimited' pay

Tesla Motors can fly in China car market


For several decades, western automakers hoping to both build and sell vehicles in China have had to engage in a joint venture with a Chinese company. But it might soon allow foreign automakers to set up their own non-JV factories, to manufacture electric vehicles.

You can read more here: Tesla Motors can fly in China car market

Tech co Synup raises $6mn in Series A round


MUMBAI: Technology startup Synup, which helps local and small businesses manage their online presence, has raised $6 million (Rs 40 crore) in Series-A round of funding, led by Vertex Ventures. The round also saw the participation of its existing investor Prime Venture Partners.

You can read more here: Tech co Synup raises $6mn in Series A round

Some PE cos want to cut a cheque to this travel Firm


NEW DELHI: A clutch of blue-chip private equity firms are in discussions to invest in B2B travel platform Travel Boutique Online (TBO) and in the process potentially provide Naspers, the largest stakeholder in the company, with a blockbuster exit.

You can read more here: Some PE cos want to cut a cheque to this travel Firm

Any fiscal stimulus has to be of a reasonable size: Jahangir Aziz, JP Morgan


Once the economic expansion fell to a three-year low, the talk of booster dose is fast gaining currency. But any fiscal stimulus is adverse.

You can read more here: Any fiscal stimulus has to be of a reasonable size: Jahangir Aziz, JP Morgan

Build a Custom Frame for Large Art Pieces from Recycled Molding


For our 8th anniversary this year, Christy and I commissioned a large, non-traditional family portrait from an awesome Atlanta artist, Eugene Byrd. We had seen his work at a gallery show in College Park and were really impressed with his style.

You can read more here: Build a Custom Frame for Large Art Pieces from Recycled Molding

‘Amazon investment in Shoppers Stop is pure financial deal’


Amazon’s first investment in a brickand-mortar retailer in the country should not be considered a back-door entry by a foreign retailer into multibranded retailing, according to Shoppers Stop which has agreed to sell 5% stake to an investment arm of the US based online giant.

You can read more here: ‘Amazon investment in Shoppers Stop is pure financial deal’

Five-day festivity may see etail market top $1.7 bn in sales


BENGALURU: India’s online retail market is expected to have grown by over 50% during the festive sales in 2017, as the industry, led by Flipkart and Amazon India, is pegged to crossed $1.7 billion in sales in five days.

You can read more here: Five-day festivity may see etail market top $1.7 bn in sales

Amazon India calls up Ashok Patni group for joint venture


Amazon has established a joint venture with the Ashok Patni Group to strengthen its customer service unit or call centre targeted at supporting the growing number of local-language customers as the online retail giant expands deeper into India.

You can read more here: Amazon India calls up Ashok Patni group for joint venture

Not just offers, Amazon and Flipkart also creat thousands of jobs in sale season


Temporary employment creation this festive season has shot up by as much as 25% over last year, providing a silver lining in an otherwise difficult job market that’s been hit by slowing GDP growth. Close to 1.

You can read more here: Not just offers, Amazon and Flipkart also creat thousands of jobs in sale season

Coal mine auction to count royalty offer, give price freedom


NEW DELHI: India is planning a simple, attractive system for auctioning coal blocks to private firms by the year end, a measure government officials believe will help accelerate the infrastructure industry and have a multiplier effect on the economy.

You can read more here: Coal mine auction to count royalty offer, give price freedom

Essar invests Rs 830 cr to double Vizag Port iron ore capacity


NEW DELHI: Essar Ports today said its Rs 830 crore expansion plan to almost double the iron ore handling capacity to 23 million tonne per annum (MTPA) at Vizag port is nearing completion.

You can read more here: Essar invests Rs 830 cr to double Vizag Port iron ore capacity

Indians on Google moon mission to blast off anthem on Monday


NEW DELHI: Bangalore-based TeamIndus -- the only Indian entrant in an international Google contest for landing a rover on the moon -- will start its countdown to the space race worth $30 million in prizes with an anthem to be released tomorrow.

You can read more here: Indians on Google moon mission to blast off anthem on Monday

Amazon sees growth in smartphone, fashion segments in festive sale


NEW DELHI: E-commerce major Amazon today said its ongoing festive sales have been the "biggest till date", driven by strong growth in segments like smartphones, large appliances and fashion.

You can read more here: Amazon sees growth in smartphone, fashion segments in festive sale

Government to set up 5 scrap-based steel plants, invest Rs 500 cr


NEW DELHI: The government is planning to set up five scrap-based steel plants at an investment of Rs 500 crore within a year to ensure that a chunk of the country's targeted 300 million tonne steel output is met through scrap.

You can read more here: Government to set up 5 scrap-based steel plants, invest Rs 500 cr

Supertech raises Rs 350 crore from L&T Finance for housing project


NEW DELHI: Realty firm Supertech has raised Rs 350 crore from L&T Finance to fund an ongoing housing project in Greater Noida.

You can read more here: Supertech raises Rs 350 crore from L&T Finance for housing project

Domestic finished steel export surges 36%, import 62% in August


NEW DELHI: India's total export of finished steel in August jumped 36 per cent to 0.923 million tonne, official data showed. In the same month last year, the corresponding figure was 0.679 million tonne (mt).

You can read more here: Domestic finished steel export surges 36%, import 62% in August

How mother’s milk becomes a bauble


CHENNAI: With her husband's birthday just round the corner, Swati Badri was scouring the internet for a gift that would be truly unique. And that's when the new mother hit upon an idea. On D-day , she presented her husband with a breast milk ring.

You can read more here: How mother’s milk becomes a bauble

Saturday, 23 September 2017

Startups are sharing top executives to save costs


CHENNAI: If Sridhar Subramanian had a LinkedIn profile, it would probably read: Monday, CFO at fintech startup, Tuesday, CFO at agri-tech startup, Wednesday, CFO at gaming company, and so on.

You can read more here: Startups are sharing top executives to save costs

Why millennials are checking into hotels in their hometowns


For the last six months, Gopal Sharma has spent nearly two days every week at a hotel in his hometown Kolkata. The 29-year-old IT engineer is far from being a high flyer.

You can read more here: Why millennials are checking into hotels in their hometowns

Uber ready to make concessions to reverse London licence decision: Report


LONDON: US taxi firm Uber is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its licence in the city, which represents a potentially big blow for the fast-growing company, a newspaper reported.

You can read more here: Uber ready to make concessions to reverse London licence decision: Report

5 Home Repair and Maintenance Ideas You can DIY


Managing your home is not simple because there are a lot of tasks that needs to be done. Every area and every corner needs to be checked for you to make sure that everything is in its perfect condition.

You can read more here: 5 Home Repair and Maintenance Ideas You can DIY

Why building moats that create profitability is important for startups


Over the past few years, many investors and entrepreneurs attempted to create value in startups purely on the back of investing large sums of money.

You can read more here: Why building moats that create profitability is important for startups

For well-funded big boys of ecommerce, profits can wait, discounts can’t


It’s been a windfall for online shoppers as they pocketed discounts as high as 90% in the fourday shopping festival that ends today. There’s, of course, a price to pay for — or, rather, a cost to be incurred by — those offering the goodies: the etailers.

You can read more here: For well-funded big boys of ecommerce, profits can wait, discounts can’t

How fund-starved ecommerce ventures have started getting bottom line-focused to stay in the game


For a long time it seemed as if the Indian online business universe was living by the Woody Allen principle. “If my films don’t show a profit, I know I’m doing something right,” the filmmaker, actor and musician had famously quipped.

You can read more here: How fund-starved ecommerce ventures have started getting bottom line-focused to stay in the game

Ultra-thin veneer, carbon fiber sandwich makes award-winning chair


The 0.6 Chair is a robust, long-lasting dining and café chair with an efficient yet simple production process. Using a new process of laminating wood, the chair is composed of a sandwich of wood veneer and carbon fiber that reduces the thickness of the chair to just 0.

You can read more here: Ultra-thin veneer, carbon fiber sandwich makes award-winning chair

Discounts on Amazon, Flipkart & Snapdeal illegal, in violation of FDI rules: Traders' body


NEW DELHI: Traders' body CAIT today urged the government to take action action against e-commerce firms like Amazon and Flipkart, alleging they have flouted FDI norms for such players by undertaking retail trading activities.

You can read more here: Discounts on Amazon, Flipkart & Snapdeal illegal, in violation of FDI rules: Traders' body

Amazon's investment arm to buy 5% stake in Shoppers Stop for Rs 180 crore


MUMBAI: Amazon's investment arm plans to buy 5 per cent stake in department chain Shoppers Stop for about Rs 180 crore, indicating its intention to use physical stores as one of its sales drivers in India.

You can read more here: Amazon's investment arm to buy 5% stake in Shoppers Stop for Rs 180 crore

Thyssenkrupp to set up working group with unions over Tata Steel merger


FRANKFURT: Thyssenkrupp AG is to set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel, it said in a statement on Saturday, issued after a supervisory board meeting.

You can read more here: Thyssenkrupp to set up working group with unions over Tata Steel merger

Nalco setting up 5th stream to boost capacity in refinery


BHUBANESWAR: National Aluminium Company (Nalco) is in the process of setting up a fifth stream in its existing alumina refinery in Odisha, an official said on Saturday. The refinery will add one million tonnes per annum (MTPA) to its existing capacity of 2.

You can read more here: Nalco setting up 5th stream to boost capacity in refinery

Only option that government has is to cut excise duties on petroleum: Jahangir Aziz, JP Morgan


Taking part in the India Development Debate with ET Now, Jahangir Aziz, Chief Asia Economist, JP Morgan, says India already has a significant amount of fiscal stimulus in play and the overall fiscal policy remains loose.

You can read more here: Only option that government has is to cut excise duties on petroleum: Jahangir Aziz, JP Morgan

No harm if we let the currency depreciate at this point: Bimal Jalan


Taking part in the India Development Debate with ET Now, Bimal Jalan, Former Governor, RBI, says taking everything into account, there are always tradeoffs in making policy but whether the rupee should be 64 or 66 is not an issue.

You can read more here: No harm if we let the currency depreciate at this point: Bimal Jalan

How societal norms work against women choosing STEM careers


Women who have achieved some measure of success in STEM (science/technology/engineering/mathematics) careers are often asked why there aren't more women in these fields. We get interviewed, held up as role models, invited to give talks and write blogs.

You can read more here: How societal norms work against women choosing STEM careers

The importance of integrating AI with Enterprise software


The era of artificial intelligence has begun but many businesses are yet to adopt it. Understandable, because there are myths surrounding the topic, such as AI taking over the world.

You can read more here: The importance of integrating AI with Enterprise software

System has enough capacity to handle filings: GSTN chief Ajay Bhushan Pandey


NEW DELHI: The Goods and Services Tax Network (GSTN) is a robust system capable of handling 1 lakh concurrent engagements and there is no need for repeated extensions regarding filing deadlines, GSTN chairperson Ajay Bhushan Pandey has said.

You can read more here: System has enough capacity to handle filings: GSTN chief Ajay Bhushan Pandey

NMDC to divest at least 50% in Chhattisgarh plant


HYDERABAD: India's largest iron ore producer NMDC will divest at least manage ment control in its upcoming Nagarnar iron and steel plant in Chhattisgarh as part of government's strategic divestment plan, said its new MD N Baijendra Kumar.

You can read more here: NMDC to divest at least 50% in Chhattisgarh plant

If necessity is the mother of invention, dire necessity is the mother of Jugaad: Part 1


The word Jugaad describing a concept of being street smart has been in existence for the last several decades. It is a buzz word that has captured the imagination of generation next in India as well as across the world.

You can read more here: If necessity is the mother of invention, dire necessity is the mother of Jugaad: Part 1

GSTN ropes in 39 more companies as Suvidha providers


BENGALURU: The GST Network, the agency in charge of the technological infrastructure for the Goods and Services Tax regime, has selected 39 more companies to become GST Suvidha Providers (GSPs).

You can read more here: GSTN ropes in 39 more companies as Suvidha providers

GST, demonetisation impacted business confidence: NCAER


NEW DELHI: A premier think tank on Friday said that there is a sense of uncertainty in the business confidence of Indian firms since the demonetisation drive last year.

You can read more here: GST, demonetisation impacted business confidence: NCAER

Betting on 2 stocks for trading on Monday: Kunal Bothra


Talking to ET Now, Kunal Bothra , Independent Market Analyst, says he is bullish on Tata Motors and Asian Paints. What really transpired on Friday and what do you make of the 2.5% correction, the sub-10,000 close, the 3% fall in the small caps.

You can read more here: Betting on 2 stocks for trading on Monday: Kunal Bothra

Friday, 22 September 2017

Palliser furniture expands in Mexico with 65,000 sq. ft. plant


Skip to main content Canadian News By September 21, 2017 | 2:30 pm EDT Print COAHUILA, Mexico - Canadian furniture manufacturer Palliser has increased its presence in Mexico - opening a 65,000-square-foot manufacturing facility.

You can read more here: Palliser furniture expands in Mexico with 65,000 sq. ft. plant

Table Saw MegaSled


Most power-tool woodworkers have at least one table saw sled. And while a sled can make your work safer and more accurate, a well-thought-out sled can also do much more. Sometimes I call this one the “MegaSled,” other times the “Super Sled,” because its large size makes it so versatile.

You can read more here: Table Saw MegaSled

Amazon claims 14x value growth on first day of sale


BENGALURU: Amazon India said it has registered a 14x growth in value over business as usual on the first day of its Great Indian Festival sale on Thursday, on back of sales of smartphones, which could have likely taken the platform’s Day 1 sales to between Rs 1,100-1,400 crore.

You can read more here: Amazon claims 14x value growth on first day of sale

This desi girl is giving Manhattan a sugar rush with Malai Ice Cream


Ice cream with a 'flavour-able' twist. Hints of ginger, cinnamon and black pepper go to make the Masala Chai flavour, a perfect tea latte. Opt for Sweet Milk, which is simply condensed milk in an ice cream avatar.

You can read more here: This desi girl is giving Manhattan a sugar rush with Malai Ice Cream

MakeMyTrip India CEO Rajesh Magow rejoins Flipkart board


NEW DELHI: Rajesh Magow, chief executive and co-founder of MakeMyTrip, India's largest online travel operator, has rejoined the board of Flipkart, the country's largest online retailer, a little over two years after stepping down from the same.

You can read more here: MakeMyTrip India CEO Rajesh Magow rejoins Flipkart board

Why Is Your Linseed Oil Not Drying?


In the past, you’ve recommended boiled linseed oil on curly maple to enhance the grain. I put linseed oil on maple and burl veneer test pieces and let them dry for four days. On one test, I added General Finishes top coat, but after four more days it remains sticky and tacky. What should I do?

You can read more here: Why Is Your Linseed Oil Not Drying?

Maoists damage Essar Steel’s slurry pipeline from Dantewada to Vizag


The damage couldn't have come at a worse time for Essar Steel as company is facing insolvency proceedings.

You can read more here: Maoists damage Essar Steel’s slurry pipeline from Dantewada to Vizag

SAIL to install a 3 mtpa Hot Strip Mill at Rourkela Steel Plant by 2018


KOLKATA: Steel Authority of India (SAIL) is poised to install a new 3 million tonne per annum (mtpa) Hot Strip Mill at Rourkela Steel Plant (RSP) by 2018 in a bid to enlarge its basket of value added products.

You can read more here: SAIL to install a 3 mtpa Hot Strip Mill at Rourkela Steel Plant by 2018

SAIL eyes higher market share on surging steel demand: Chairman


NEW DELHI: Armed with latest technologies and higher product mix, aims to tap big into the steel demand in India, which is projected to become "the fifth- largest economy" this year, its Chairman P K Singh said today.

You can read more here: SAIL eyes higher market share on surging steel demand: Chairman

FinMin dispels concerns over high GST transition credit


NEW DELHI: The finance ministry today sought to dispel concerns about Rs 65,000 crore transitional credit claims saying that the Centre's revenue kitty will not go down because of these claims. Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore in July.

You can read more here: FinMin dispels concerns over high GST transition credit

Looking at 18-20% growth in the year ahead: Ajay Bijli, PVR


Talking to ET Now, Ajay Bijli , Chairman & MD, PVR , says it has been slightly disappointing to be clubbed in GST structure with luxury and sin tax. It should have been about 18% but it has come to 28%. You anticipate a relatively better ad growth on strong content.

You can read more here: Looking at 18-20% growth in the year ahead: Ajay Bijli, PVR

Consumption to drive growth revival in next couple of quarters: Sunil Subramaniam, Sundaram Mutual


Talking to ET Now, Sunil Subramaniam, CEO, Sundaram Mutual, says the government is now thinking that while the private sector is getting its act in order, it should maybe do a little bit more and that can only happen through a stimulus, through borrowing.

You can read more here: Consumption to drive growth revival in next couple of quarters: Sunil Subramaniam, Sundaram Mutual

Uber stripped of its licence to operate in London


LONDON: London's transport regulator on Friday stripped Uber of its licence to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app. The final day of Uber's licence will be on Sep. 30.

You can read more here: Uber stripped of its licence to operate in London

Iron ore demand, price under pressure due to Chinese factors: NMDC Limited


HYDERABAD: State-owned NMDC Limited today said iron ore prices and demand may come under pressure due to factors such as subdued production in China and ramping up production by some of the large mines across the globe.

You can read more here: Iron ore demand, price under pressure due to Chinese factors: NMDC Limited

Milwaukee High Torque Impact Wrench Review


Milwaukee is known for their robust line of powerful cordless tools.  So when Milwaukee announced the release of their 1/2″ High Torque Impact Wrench, it wasn’t a surprise.  Here is what’s cool.  You can now lose the air hose.

You can read more here: Milwaukee High Torque Impact Wrench Review

There’s little chance of a 2013 like selloff: Manoj Rane, BNP Paribas India


Talking to ET Now, Mythili Bhusnurmath , Consulting Editor, Manoj Rane , MD, Head-Global Market & Treasury, BNP Paribas India and Khoon Goh , Senior FX strategist, ANZ discuss the fall of the rupee vis-à-vis dollar, pump priming of the Indian economy and the possibility of widening of the fiscal de

You can read more here: There’s little chance of a 2013 like selloff: Manoj Rane, BNP Paribas India

India's crude steel output rises 4% to 8.4 MT in August


NEW DELHI: India's crude steel production registered a growth of 4 per cent to 8.4 million tonnes (MT) in August this year, according to the latest report of World Steel Association. The steel output stood at 8.1 MT in August last year, it said.

You can read more here: India's crude steel output rises 4% to 8.4 MT in August

Will diversify portfolio for next wave of growth, says BHEL


NEW DELHI: State-owned power equipment maker BHEL today said it will create a diversified portfolio for its next wave of growth that will include areas like solar energy, transportation and water business.

You can read more here: Will diversify portfolio for next wave of growth, says BHEL

GST was a blip, our target is to grow in strong double digits: Sunil A D’Souza, Whirlpool


Number one, we have created a flagship store online where our entire range is available to consumers and we are backing it up with very efficient delivery and service. Other than that, we are partnering with the big guys to make sure that as they grow in scale, we grow with them.

You can read more here: GST was a blip, our target is to grow in strong double digits: Sunil A D’Souza, Whirlpool

A year from now, SBI Life will have 16% free float: Arijit Basu


SBI and Cardiff could be looking at further dilution maybe two-three years down the line, says Arijit Basu , CEO, SBI Life . Talking to ET Now, Basu says other than 12% being sold now, another 4% lying with marquee investors will become open a year from now.

You can read more here: A year from now, SBI Life will have 16% free float: Arijit Basu

Boxx.ai targets 40% topline impact for ecommerce customers with new product


PUNE: Software firm Boxx.ai said that it was using artificial intelligence to help ecommerce companies realise upto 40% more benefits from their customer engagement activities. Ajay Kashyap, co-founder, Boxx.

You can read more here: Boxx.ai targets 40% topline impact for ecommerce customers with new product

There is a huge headroom available for organised market to grow, says Prataap Snacks CEO


Talking to ET Now, Amit Kumat , MD & CEO, Prataap Snacks , says of the Rs 55,000 crore market in India, the organised market is only Rs 22,000 crore and there is huge scope to grow.

You can read more here: There is a huge headroom available for organised market to grow, says Prataap Snacks CEO

Won't mind growing slower if we can step up execution: R Shankar Raman, L&T


Larsen & Toubro CFO R Shankar Raman gives a score of three on 10 to demonetisation in capturing black money, says GST was a rushed exercise, and that both government actions, although good in intent, have combined to slow the business down, dry up cash flows, and make customers jittery.

You can read more here: Won't mind growing slower if we can step up execution: R Shankar Raman, L&T

Bull market may continue with 5-10% intermittent corrections: Nilesh Shah, Envision Capital


We have had some investment in areas like engineering, real estate. That is the kind of pack where we probably might want to just use this current opportunity to raise a bit of cash. We are not saying that the best is over, you are not going to see this bull market sustain for a longer term.

You can read more here: Bull market may continue with 5-10% intermittent corrections: Nilesh Shah, Envision Capital

Usha Martin eyes debt reduction through sale of wire ropes unit


KOLKATA: Usha Martin, the beleaguered steel company caught in the midst of a bitter tussle between two of its promoters, has appointed a consultant to sell wire and wire ropes business to reduce its Rs 3,300-crore debt burden.

You can read more here: Usha Martin eyes debt reduction through sale of wire ropes unit

Thursday, 21 September 2017

Won't mind growing slower if we can step up execution: R Shankar Raman, L&T


Larsen & Toubro CFO R Shankar Raman gives a score of three on 10 to demonetisation in capturing black money, says GST was a rushed exercise, and that both government actions, although good in intent, have combined to slow the business down, dry up cash flows, and make customers jittery.

You can read more here: Won't mind growing slower if we can step up execution: R Shankar Raman, L&T

Razorpay looks to cash in with new pay products


BENGALURU: Online payments platform Razorpay is betting big on its new suite of payment products to boost its revenues as merchant discount rate (MDR) on debit transactions continue to remain at low levels after demonetisation in November 2016.

You can read more here: Razorpay looks to cash in with new pay products

Matrimony.com makes a weak public debut on D Street


MUMBAI: It's second time lucky for online matchmaking service provider Matrimony.com, which listed on the bourses on Thursday, becoming one of the very few internet companies to go public. Matrimony.

You can read more here: Matrimony.com makes a weak public debut on D Street

Flipkart claims lead over Amazon in smartphones


BENGALURU: Flipkart has kept its lead over Amazon India on smartphone sales, even as both platforms claimed more than doubling of sales in the category on the second day of festive sales. Flipkart claimed to have sold 1.

You can read more here: Flipkart claims lead over Amazon in smartphones

Foreigners, it seems, are more optimistic about India than Indians themselves: Jamie Dimon, JP Morgan Chase


It has been that way for a couple of years.I think it's wrong that inflation at 1.7% or 1.5% is bad and 2% is good ....People are making a huge deal about a very small difference.

You can read more here: Foreigners, it seems, are more optimistic about India than Indians themselves: Jamie Dimon, JP Morgan Chase

ET Young Leaders enters final lap with 92 candidates


MUMBAI: The Economic Times Young Leaders programme has entered its final lap where the shortlisted candidates are now being evaluated by India’s top business leaders.

You can read more here: ET Young Leaders enters final lap with 92 candidates

Vedanta power plant closure: Odisha green board revokes order


Vedanta Ltd today said it will resume power generation at three power plant units after Odisha State Pollution Control Board (SPCB) revoked its earlier order to close mining conglomerate's five such units.

You can read more here: Vedanta power plant closure: Odisha green board revokes order

Customer experience Flipkart's biggest focus area: Kalyan Krishnamurthy, CEO


For a well-funded Flipkart, the focus is back on boosting customer acquisition, especially from small towns and cities.

You can read more here: Customer experience Flipkart's biggest focus area: Kalyan Krishnamurthy, CEO

Flipkart's small town push for Big Billion sale


NEW DELHI: A few weeks before the Big Billion Day's sale began, Flipkart’s team handling the crucial smartphone category did a survey among customers to know what they are looking for in terms of products, offers, and prices, according to Arvind Charanyan and Abhaya Srivatsan, members of Flipkart

You can read more here: Flipkart's small town push for Big Billion sale

Winterthur classic chair inspires award-winning Lane Venture design


WINTERTHUR, Del. -- An 1819 classical-revival klismos armchair inspired the winning chaise lounge of the 2017 International Casual Furnishings Association competition. The original armchair was in the collection of Winterthur Museum, Garden & Library.

You can read more here: Winterthur classic chair inspires award-winning Lane Venture design



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How to Install Lid Supporting Torsion Hinges


Large box or chest lids can be heavy and if they are not supported, they can fall and make a startling noise, or worse, cause an injury. One of the best ways to support a box lid is with a torsion hinge. Torsion hinges feature an internal resistance mechanism that helps prevent the lid from falling.

You can read more here: How to Install Lid Supporting Torsion Hinges

Bosch, Ford Mobility in talks with Get My Parking to enter India


HYDERABAD: Digital parking facility providers Bosch and Ford Mobility are in talks with Get My Parking for a possible collaboration under the Smart Cities initiative, informed a senior company official. They will be jointly bidding for tenders rolled out under this initiative.

You can read more here: Bosch, Ford Mobility in talks with Get My Parking to enter India

Ravi Uppal to step down as MD, group CEO of JSPL


NEW DELHI: Ravi Uppal will step down as the Managing Director & Group CEO of debt-laden steel maker JSPL by the month-end after a 5-year term.

You can read more here: Ravi Uppal to step down as MD, group CEO of JSPL

Anil Agarwal to boost Anglo American stake, invest $2 billion


NEW DELHI: Mining billionaire Anil Agarwal plans to purchase up to 1.5 billion pounds worth of additional stake in blue-chip British miner Anglo American Plc to become its largest shareholder with over 21 per cent holding, his family trust said.

You can read more here: Anil Agarwal to boost Anglo American stake, invest $2 billion

Usha Martin mulls selling either steel or wire rope business


The Usha Martin Limited, currently in financial distress, is contemplating selling its wire rope or steel business for which it has appointed a consultant. "We have hired a consultant which will prepare a roadmap for the company.

You can read more here: Usha Martin mulls selling either steel or wire rope business

Overweight on pharma, betting on IT as hedge against weak rupee: Sanjiv Bhasin, IIFL


Infosys, TCS, Tech Mahindra and HCL Tech could be good proxy to a weak rupee, says Sanjiv Bhasin , EVP-Markets & Corp Affairs, India Infoline , talking to ET Now Cannot take eyes off from the kind of recovery that the pharma sector has seen.

You can read more here: Overweight on pharma, betting on IT as hedge against weak rupee: Sanjiv Bhasin, IIFL

Greaves Cotton ties up with two others for 3-wheeler engines


NEW DELHI: Engineering major Greaves Cotton today said it has inked a pact with MLR Auto and Continental Engines to develop engines for three wheelers. The partnership aims at developing a new generation of powertrains for three-wheelers, catering to both passenger and cargo mobility solutions.

You can read more here: Greaves Cotton ties up with two others for 3-wheeler engines

Nexon is linked to Tata Motors' aspiration, says CEO Guenter Butschek


Are you pinning lots of hope on Nexon, you new compact SUV product?

You can read more here: Nexon is linked to Tata Motors' aspiration, says CEO Guenter Butschek

India’s Bankruptcy Law Reinforced by Supreme Court Judgment


India’s Supreme Court recently delivered its first detailed judgment pertaining to the interpretation of the Insolvency and Bankruptcy Code, 2016 (Code). This article discusses the key takeaway – the Code will supersede all other insolvency related laws in existence in India.

The post India’s Bankruptcy Law Reinforced by Supreme Court Judgment appeared first on India Briefing News.

For this wealth manager, consumption remains a key theme


Talking to ET Now, Sanchita Mukherji, Private Wealth Manager, Blue Edge , says overweight on funds which invest into sectors like financials, cement, capital goods, engineering, auto ancillary, media and consumer discretionary because consumption is a key theme.

You can read more here: For this wealth manager, consumption remains a key theme

Bootstrapped adtech firm Collectcent eyes expansion to China & Japan


BENGALURU: Data-driven performance advertising company Collectcent is looking to expand to China and Japan by the third quarter of 2017. “We already have high quality and volume of traffic in China and have signed deals with some of our global clients who work with us in India.

You can read more here: Bootstrapped adtech firm Collectcent eyes expansion to China & Japan

Skilsaw Medusaw Review


Skilsaw is a manufacturer that has been around and has a long history.  In fact, one of their flagship products, the circular saw worm drive is said to be the saw that built America. The worm drive saw, while heavy, is extremely powerful.

You can read more here: Skilsaw Medusaw Review

Usha Martin mulls selling either steel or wire rope business


The Usha Martin Limited, currently in financial distress, is contemplating selling its wire rope or steel business for which it has appointed a consultant. "We have hired a consultant which will prepare a roadmap for the company.

You can read more here: Usha Martin mulls selling either steel or wire rope business

Inflation uptick likely to be seasonal and transient: Mythili Bhusnurmath


Mythili Bhusnurmath , Consulting Editor, ET NOW says there is a great deal the government can do to pump prime the economy and it should do so and move fast.

You can read more here: Inflation uptick likely to be seasonal and transient: Mythili Bhusnurmath

We are yet to strike a deal with CDPQ or anybody else: Irfan Razack, Prestige Estates


Talking to ET Now, Irfan Razack , CMD, Prestige Estates , says though no deal has been struck yet, it cannot be ruled out in future. Is it true that CDPQ is actively looking to invest into your commercial arm?

You can read more here: We are yet to strike a deal with CDPQ or anybody else: Irfan Razack, Prestige Estates

Earnings rebound in 2018 may not be as robust as expected: Andrew Holland, Avendus Capital


Talking to ET Now, Andrew Holland , CEO, Avendus Capital , says the rupee may touch 66 level sooner than later as US gears up for tightening the balance sheet and that will be good for IT, pharma sectors Edited excerpts : Over the last few months, with reforms as well as growth slowdown being a bit

You can read more here: Earnings rebound in 2018 may not be as robust as expected: Andrew Holland, Avendus Capital

Senior level management changes in Magicpin


BENGALURU: Local discovery and commerce platform magicpin has announced the appointment of Nipun Bhatia as its chief technology officer and promoted Abhishek Awasthi to senior vice-president of engineering.

You can read more here: Senior level management changes in Magicpin

Indians want BMW-class luxury for Rs 7 lakh, says Maruti chairman


It does not necessarily mean that if there are fewer players, margins will be higher because if margins are higher, in a competitive market that would mean either there is a shortage of vehicles in the market or there is some form of cartelisation.

You can read more here: Indians want BMW-class luxury for Rs 7 lakh, says Maruti chairman

L&T looks to N Africa to offset hydrocarbon slip at home


Engineering major Larsen & Toubro is reviewing its 2017-18 order target for hydrocarbon business as domestic orders have slowed post implementation of GST and orders from the Middle East are taking time in getting final ised, a top executive told ET.

You can read more here: L&T looks to N Africa to offset hydrocarbon slip at home

Great Indian Festival: Amazon India website suffers outages on heavy demand


Amazon India website is facing outages as high demand during its Great Indian Festival has led to a spike in users. Many users found it difficult to transact on the site as it crashed intermittently.

You can read more here: Great Indian Festival: Amazon India website suffers outages on heavy demand

Matrimony.com MD's advice for investors


Talking to ET Now, Murugavel Janakiraman , MD, Matrimony.com , says expects EBITDA margins to grow 25%.this year: the growth is fuelled by the matchmaking business growing at around 15% and wedding services business growing at a healthy pace.

You can read more here: Matrimony.com MD's advice for investors

RiseSmart looks like hire 100 employees in Pune


BENGALURU: Career transition services provider RiseSmart is in the process of expanding its outplacement and redeployment support to Indian corporations. The organisation has recently expanded its offices with a move to a 20,000 sq.

You can read more here: RiseSmart looks like hire 100 employees in Pune

LTTS sets up engineering development center in Chennai for Vestas

PUNE: L&T Technology Services (LTTS), a pure-play engineering R&D services company today announced the formal establishment of an e...