HCL aims Rs 5000 cr revenue by FY20', focus on profitability

KOLKATA: State owned copper major, Hindustan Copper Ltd (HCL) was aiming at four-fold jump in topline to Rs 5000 crore with higher profitability and return on assets, a top company official said today. Sharma has set his priorities for both short and medium term strategy.

You can read more here: HCL aims Rs 5000 cr revenue by FY20', focus on profitability

Nifty to go beyond 10K: Chakri Lokapriya, CIO & MD, TCG AMC

Chakri Lokapriya, CIO & MD, TCG AMC, believe that markets can hold up to 10K levels and will go beyond that. While talking to ET Now, he however said that significant private investment is unlikely in next one year or so.

You can read more here: Nifty to go beyond 10K: Chakri Lokapriya, CIO & MD, TCG AMC

Samsung launches portable SSD T5 in India

Samsung Electronics on Friday launched the Samsung Portable solid state drive (SSD) T5 with latest 64-layer V-NAND technology that enables it to deliver industry-leading transfer speed of up to 540MB/s with encrypted data security.

Rs 35 crore boost to Elevate state's top 100 startups

BENGALURU:The state government on Wednesday picked up 100 most innovative startups after following through a four-layered selection process. These startups will get a funding support of about Rs 35 crore from the government to pursue their tech-ideas and scale them up.

You can read more here: Rs 35 crore boost to Elevate state's top 100 startups

Slow GDP growth in Q1 disappoints India Inc

India Inc on Thursday expressed disappointment over slowing down of India's GDP growth to 5.7 percent in the June-ended first quarter of the current fiscal, as the industry was anticipating a rebound from low growth numbers.

Phone needs repair? This startup will collect, fix and deliver it back at your doorstep

When a draining phone battery can trigger a mini panic attack, a weeklong sabbatical to get repairs done is sure to send us into convulsions. While being cautious can prolong the life of a device, daily usage will make it susceptible to damage eventually.

You can read more here: Phone needs repair? This startup will collect, fix and deliver it back at your doorstep

We are the Bekshire Hathaway of Tech and we're global: Rajeev Misra of SoftBank

Former fixed income banker turned maverick investor Rajeev Misra, doesn’t chew on his words like the Cubanas that he puffed before. In his first interaction with Indian media, Misra (55), the chief executive of its colossal $100-billion Vision Fund talked about what he has in mind for Flipkart 2.

You can read more here: We are the Bekshire Hathaway of Tech and we're global: Rajeev Misra of SoftBank

Tougher screening awaits Uber drivers

NEW DELHI: Inline with its recent efforts to enhance the experience for both riders and drivers, Uber further tightened its screening process for its 4,50,000 driver network by launching a de-duplication feature.

You can read more here: Tougher screening awaits Uber drivers

Private brands turn Myntra profitable

BENGALURU: Myntra is looking to increase its sales (gross merchandise value) this festive season by 50% over last year through its private brands and readying several parallel strategies to meet the target.

You can read more here: Private brands turn Myntra profitable

Kumar Mangalam Birla looks for possible merger with Constellium, Aleris Corp.

Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV and Aleris Corp. as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said.

You can read more here: Kumar Mangalam Birla looks for possible merger with Constellium, Aleris Corp.

SoftBank Vision Fund hopes to make Ola and Uber ride together in India

MUMBAI: Japanese telecom and Internet conglomerate SoftBank is hoping "to make peace" between portfolio company Ola and its chief rival in the ride-hailing space, Uber, if its potential investment in the US-based company goes through.

You can read more here: SoftBank Vision Fund hopes to make Ola and Uber ride together in India

India’s FDI Policy for 2017: Startups and Single Brand Retail among Beneficiaries

India released its foreign investment policy for 2017 this week, which incorporate changes instituted in 2016 and provide sector-based regulatory clarifications. The article highlights the major updates to the policy.

The post India’s FDI Policy for 2017: Startups and Single Brand Retail among Beneficiaries appeared first on India Briefing News.

Essar Steel seeks another Rs 1,000 crore loan to keep itself running

MUMBAI: Essar Steel, which is managed by an insolvency professional pending resolution of Rs 45,655 crore debt, is seeking another Rs 1,000 crore in loans to keep the firm running, and easing of restrictions imposed by lenders on the use of funds, said two people familiar with the matter.

You can read more here: Essar Steel seeks another Rs 1,000 crore loan to keep itself running

We are the Bekshire Hathaway of Tech and we're global: Rajeev Misra of SoftBank

Former fixed income banker turned maverick investor Rajeev Misra, doesn’t chew on his words like the Cubanas that he puffed before. In his first interaction with Indian media, Misra (55), the chief executive of its colossal $100-billion Vision Fund talked about what he has in mind for Flipkart 2.

You can read more here: We are the Bekshire Hathaway of Tech and we're global: Rajeev Misra of SoftBank

1mg adds Dawailelo to its pill box

NEW DELHI: Sequoia Capital-backed online pharmacy 1mg has acquired Varanasi-based startup Dawailelo for an undisclosed amount. Dawailelo was founded by Aditya Agrawal (CEO) and Arpit Sarin (COO) in 2013.

You can read more here: 1mg adds Dawailelo to its pill box

Mfine bags $1.5 million from Stellaris Venture Partners

HYDERABAD: Health technology startup Mfine, founded by former Myntra executives Prasad Kompalli and Ashutosh Lawania, has raised $1.5 million in its first round of funding led by Stellaris Venture Partners.

You can read more here: Mfine bags $1.5 million from Stellaris Venture Partners

Residential furniture orders up 6% in June: Furniture Insights

HIGH POINT, N.C. - Residential furniture orders rose 6% in June compared to the year prior, following an 8% increase in May, according to the latest Furniture Insights survey of residential furniture manufacturers and distributors from Smith Leonard.

You can read more here: Residential furniture orders up 6% in June: Furniture Insights

Alstom appoints Alain Spohr as MD for India, South Asia

NEW DELHI: Alstom today said it has appointed Alain Spohr as the Managing Director for India and South Asia. Spohr joins Alstom from GE Energy India where he was the MD and CEO of the GE/Bharat Forge join venture and also the India country leader for steam power systems.

You can read more here: Alstom appoints Alain Spohr as MD for India, South Asia

Jaypee plans to raise Rs 2,000 crore, to sell Bhilai Jaypee Cement

NEW DELHI: Debt-ridden Jaiprakash Associates today said its proposed sale of entire 74 per cent stake in Bhilai Jaypee Cement Ltd for an enterprise value of Rs 1,450 crore is expected to be concluded by year-end and plans to raise up to Rs 2,000 crore through sale of securities.

You can read more here: Jaypee plans to raise Rs 2,000 crore, to sell Bhilai Jaypee Cement

Government considering 60 proposals for start-ups in Northeast

NEW DELHI: The Centre is considering over 60 proposals for start-ups in the Northeast, and will provide initial funds for such initiatives under a new scheme.

You can read more here: Government considering 60 proposals for start-ups in Northeast

IRB Infra's board approves sale of IPATRL for Rs 1,569 crore

NEW DELHI: IRB Infrastructure today said a committee of its board of directors has given nod for sale of special purpose vehicle IPATRL to IRB InvIT Fund for Rs 1,569 crore.

You can read more here: IRB Infra's board approves sale of IPATRL for Rs 1,569 crore

DIY Wood Burned Lawn Dice

You guys, I am SO excited to not only share an awesome project with you today, but also some really cool news.

You can read more here: DIY Wood Burned Lawn Dice

GFG Alliance completes acquisition of Arrium

MUMBAI: Indian entrepreneur Sanjeev Gupta led GFG Alliance on Thursday completed the acquisition of Australia’s leading integrated mining, recycling, steel manufacturing and steel distribution business, Arrium.

You can read more here: GFG Alliance completes acquisition of Arrium

Uber tightens screening process for its 4,50,000 driver network

NEW DELHI: In line with its recent efforts to enhance the experience for both riders and drivers, Uber further tightened its screening process for its 4,50,000 driver network by launching a deduplication feature.

You can read more here: Uber tightens screening process for its 4,50,000 driver network

Myntra says private brands portfolio MFB has turned profitable

BENGALURU: Fashion e-tailer Myntra today said its private brands portfolio 'Myntra Fashion Brands' (MFB) which contributes to about 24 per cent of the company's revenue had turned profitable.

You can read more here: Myntra says private brands portfolio MFB has turned profitable

Niki.ai partners with LazyPay to offer 'buy now, pay later' feature

BENGALURU: Niki.ai, an artificial intelligence based personal assistant app, has partnered with LazyPay, the deferred payment option by PayU India, to enable 'buy now, pay later' feature for its users. This eliminates the need for repeated OTPs, CVV numbers or net banking details.

You can read more here: Niki.ai partners with LazyPay to offer 'buy now, pay later' feature

Uber to allow driver-partners to share location

NEW DELHI: After riders, driver-partners of cab aggregator Uber will have the option of sharing their location to enable family and friends to keep a track of their movement.

You can read more here: Uber to allow driver-partners to share location

Australia India Centre of Excellence for mining training set up in Dhanbad

KOLKATA: The Australian Government in partnership with Indian School of Mines, Indian Institute of Technology, Dhanbad has recently set up the Australia India Centre of Excellence for Mining Training in the Indian School of Mines, Indian Institute of Technology (IIT), Dhanbad.

You can read more here: Australia India Centre of Excellence for mining training set up in Dhanbad

Coal India gives nod for Rs 60 cr tech projects from Australia

Kolkata, Aug 31 () The Coal India has approved around Rs 60 crore for technology development projects taken up by IIT Indian School of Mines (ISM) in association with Australian institutes.

You can read more here: Coal India gives nod for Rs 60 cr tech projects from Australia

Domestic coal miners stare at subdued demand in the medium to long term: ICRA

KOLKATA: ICRA expects aggregate domestic coal demand growth to witness a structural slowdown on the back of government’s large renewable energy capacity addition plans. Government’s renewable plan includes taking the capacity to 175 GW by 2022 from the current capacity of around 58.3 GW.

You can read more here: Domestic coal miners stare at subdued demand in the medium to long term: ICRA

ISB, SAP collaborate to empower high-impact social startups

MUMBAI: The Indian School of Business (ISB) and SAP Labs India have entered a collaboration to nurture technology-based start-ups in the social space, focusing on ventures which are working in areas that have relevance to national priorities.

You can read more here: ISB, SAP collaborate to empower high-impact social startups

We are confident that what we are doing is good for the US economy: Francisco D'Souza, Congnizant

ET Now: How is IT industry going through a transition? Francisco D'Souza: The IT industry is going through a transition.

You can read more here: We are confident that what we are doing is good for the US economy: Francisco D'Souza, Congnizant

Follow the money, financialisation is a mega trend: Ajay Bagga

Talking to ET Now, Ajay Bagga , Market Expert, says formalisation of Indian financial consumption has emerged as a mega trend in the market.

You can read more here: Follow the money, financialisation is a mega trend: Ajay Bagga

Post demonetisation, there has been a huge flow of money into MFs, insurance: Ajay Tyagi, UTI MF

Talking to ET Now, Ajay Tyagi, UTI MF, says he is in the camp which believes that demonetisation has had a positive impact though the shorter term impact of cash transactions going down and digital transactions going up may not have sustained.

You can read more here: Post demonetisation, there has been a huge flow of money into MFs, insurance: Ajay Tyagi, UTI MF

GST is a big complimentary step: Gaurav Kapur, IndusInd Bank

In an interview with ET Now, Gaurav Kapur, IndusInd Bank , said that, " GST collections are better than what the government had earlier estimated but we have not yet seen input tax credit so you do not really know where the final number would be.

You can read more here: GST is a big complimentary step: Gaurav Kapur, IndusInd Bank

CASHe ties up with Paisabazaar for quicker loan disbursals

MUMBAI: Digital lending marketplace Paisabazaar, has tied up with online lending platform CASHe to offer short term personal loans on the Paisabazaar platform to salaried millennials, who otherwise do not qualify for credit from traditional banks and financial institutions.

You can read more here: CASHe ties up with Paisabazaar for quicker loan disbursals

Luggage is in a good space in travel tourism sector: Dilip Piramal, VIP Industries

In an interview with ET Now, Dilip Piramal , Chairman, VIP Industries said that, "what we are planning now as far as Bangladesh goes, we are increasing our manufacturing operations there and our Bangladesh operations are mainly for the Indian market.

You can read more here: Luggage is in a good space in travel tourism sector: Dilip Piramal, VIP Industries

Prefer asset-heavy industries as they remain outperformers: Anish Damania, IDFC Securities

Talking to ET Now, Anish Damania, IDFC Securities, says clearly the asset heavy industries have started to outperform the asset light industry models. There is a buzz that NSE and BSE have agreed to extending market timings till 5:30 or even 7:30 in the evening.

You can read more here: Prefer asset-heavy industries as they remain outperformers: Anish Damania, IDFC Securities

Kuldip Kaura appointed as interim CEO of Vedanta Limited as Tom Albanese steps down

MUMBAI: The board of Vedanta Limited has on Thursday announced the appointment of Kuldip Kaura as the interim chief executive officer from September 1, 2017 as former CEO Tom Albanese steps down on August 31. In the meantime the search for a new CEO is going on.

You can read more here: Kuldip Kaura appointed as interim CEO of Vedanta Limited as Tom Albanese steps down

English learning startup raises funding from Dell Foundation, others

NEW DELHI: Kings Learning, a technology-driven spoken English learning startup, has raised a funding of $2.5 million from Michael & Susan Dell Foundation, together with other US based tech investors.

You can read more here: English learning startup raises funding from Dell Foundation, others

Increasing number of consumers didn’t pay service charge post-GST: Poll

NEW DELHI: The government's awareness drive against mandatory service charge at eateries is bringing significant change, though slowly. An online survey of consumers conducted in August has found that 30% consumers did not have to pay the charge post GST.

You can read more here: Increasing number of consumers didn’t pay service charge post-GST: Poll

We could look at distressed steel assets if it is feasible: Anil Agarwal, Vedanta

Talking to ET Now, Anil Agarwal , Founder & Chairman, Vedanta, says he is bullish on oil, zinc and copper. What do you think about the reforms undertaken by the government? India is on the move.

You can read more here: We could look at distressed steel assets if it is feasible: Anil Agarwal, Vedanta

Fiscal consolidation may be derailed due to GST, loan waivers and pay revisions

KOLKATA: Fiscal consolidation may come under threat at the central and state level due to the immediate effects of the goods and service tax (GST), loan waivers and pay revisions, putting pressure on the overall growth matrix, the Reserve Bank of India said in its annual report.

You can read more here: Fiscal consolidation may be derailed due to GST, loan waivers and pay revisions

NCLT process will cleanse the system; another Swachh India in the making: Uday Kotak

Talking to Ashwin Mohan of ET Now, Uday Kotak, Kotak Mahindra Bank , says there is enough incentive and pressure both on the borrower and the bankers as well to find a sustainable solution within this period for resolution.

You can read more here: NCLT process will cleanse the system; another Swachh India in the making: Uday Kotak

In the last three years, we have added projects worth more than Rs 80,000 crores: IS Jha, Power Grid Corp

ET Now: How do you see yourself growing along with the rise of the Indian power sector like I pointed out the focus is really moving from power deficit to power surplus, how can India make the transition?

You can read more here: In the last three years, we have added projects worth more than Rs 80,000 crores: IS Jha, Power Grid Corp

ABC Consultants acquires stake in QuezX.com

NEW DELHI: ABC Consultants has announced that it has acquired a significant stake in QuezX.com, an online recruitment aggregator.

You can read more here: ABC Consultants acquires stake in QuezX.com

Most organizations are not compliant to deal with cyberattack: Verizon 2017

PUNE: The Verizon 2017 Payment Security Report demonstrates a clear link between payment card security standard compliance and the ability to defend against cyberattacks.

You can read more here: Most organizations are not compliant to deal with cyberattack: Verizon 2017

Complexion of the market will change over next 4-5 years: Bharat Iyer, JP Morgan India

Talking to ET Now, Bharat Iyer, JP Morgan India, says sectors like education, healthcare, retailing, media, internet and even some old age sectors will be dominating by 2020. The macros are great, yes or no?

You can read more here: Complexion of the market will change over next 4-5 years: Bharat Iyer, JP Morgan India

From 1 GW in 10 years to its second in only 12 months, Greenko Group is now powering on

It took Greenko Group a decade to reach a gigawatt (GW) of capacity addition in the renewable energy space and then a mere 12 months to add its second GW. Part of the reason is the spotlight enjoyed by the sector after years of negligence, but there is more to this than meets the eye.

You can read more here: From 1 GW in 10 years to its second in only 12 months, Greenko Group is now powering on

New Uber CEO hints at 2019 IPO as he takes over troubled startup

One of Dara Khosrowshahi's first tasks at Uber Technologies Inc. will be coming up with a new set of core principles.

You can read more here: New Uber CEO hints at 2019 IPO as he takes over troubled startup

Flipkart focuses on larger in-house play for tighter control on inventory

SHENZHEN: Flipkart's upcoming flagship sales event, Big Billion Day, may well witness a surge in its own products across various segments. The ecommerce player has been working with various manufacturing and quality partners to ensure this.

You can read more here: Flipkart focuses on larger in-house play for tighter control on inventory

Commerce ministry's integrated FDI allows startups to issue convertible notes for investments

NEW DELHI: The government's decision to allow convertible notes as a fundraising option for startups from foreign individuals is expected to provide a major push to investments into early-stage companies, say experts.

You can read more here: Commerce ministry's integrated FDI allows startups to issue convertible notes for investments

For GSP, Flipkart ups its paid-up capital to Rs 2.18 crore

BENGALURU: Flipkart has increased its paid-up capital in order to reapply to become a GST Suvidha Provider (GSP). The ecommerce company aims to use the GSP licence to help its sellers become compliant under the goods and services tax (GST) and offer tax-filing services to them.

You can read more here: For GSP, Flipkart ups its paid-up capital to Rs 2.18 crore

If market grows at 10%, L&T Fin will grow at 20%: Dinanath Dubashi, L&T Finance

L&T Finance , which was left behind in the bull run of NBFCs till last year, has moved up the ladder with the changes brought in by new CEO Dinanath Dubashi . The organisation has cut down costs and exited many businesses where it was losing money.

You can read more here: If market grows at 10%, L&T Fin will grow at 20%: Dinanath Dubashi, L&T Finance

Fertilizer smugglers may be jobless after India reforms subsidy

For the first time, farmer Kapil Kumar was required to have his fingers scanned to buy fertilizers from a grain market in the north Indian state of Haryana.

You can read more here: Fertilizer smugglers may be jobless after India reforms subsidy

Indus OS partners Ola to extend on-demand services

BENGALURU: Indus OS has partnered with cab aggregator Ola to extend on-demand services to users of the smartphone operating system maker. With this partnership, Ola becomes the first mobility provider for all Indus OS users.

You can read more here: Indus OS partners Ola to extend on-demand services

Michael and Susan Dell Foundation plans an incubator

BENGALURU: The Michael and Susan Dell Foundation is looking to set up an incubator for startups with solutions for the underserved and the unserved segments. The foundation is in talks with IIM-Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) for the same.

You can read more here: Michael and Susan Dell Foundation plans an incubator

Snapdeal plans ad blitz for the festive season

NEW DELHI: Ecommerce firm Snapdeal is planning a multimedia advertising campaign for the festive season in India, seeking to stay relevant after fending off a merger with larger rival Flipkart, which would have enriched it.

You can read more here: Snapdeal plans ad blitz for the festive season

Startups enhance India's growing e-vehicle ecosystem

E-vehicles are a whole new arena for India’s new age corporate gladiators. Be it a promise to convert conventional fuel guzzler into EVs, as these vehicles are popularly known, or to provide the EV batteries that power it, startups have taken up the echallenge.

You can read more here: Startups enhance India's growing e-vehicle ecosystem

PROJECT: Mid-century Inspired Sideboard

How to build this stunning piece of contemporary design features straightforward joinery and a surprising but beautiful interior use of walnut hardwood.

You can read more here: PROJECT: Mid-century Inspired Sideboard

Popular Woodworking Magazine

Instead of storing your freshly sharpened scrapers loose in a drawer (or tight in a wallet), this easy-to-make storage unit, shared with me by my friend Bob Lee, holds them at the ready over the bench. A thin piece of stock front and back captures a C-shaped piece with a wedge in its bottom arm.

You can read more here: Popular Woodworking Magazine

This wine cellars firm is ahead of the curve

It was a combined love of fine wine and fine woodworking that led to the creation of Genuwine Cellars in 1995. That, and a bet. As co-founder Robb Denomme tells it, he and Lance Kingma “were drinking with a wine writer who wanted a wine cellar for his home.

You can read more here: This wine cellars firm is ahead of the curve

What to Look for When Shopping for New Windows

Installing new windows can save you a lot of money on energy efficiency and they can transform the outward appearance of your home. Because windows are such a major investment, you should take the time to carefully consider your options.

You can read more here: What to Look for When Shopping for New Windows

Six Creative Uses for Old Tires

If you use a little bit of creativity, you can transform even the most useless of things into something with purpose. For example, used tires can be turned into everything from custom outdoor seating to planters, wreaths, and more.

You can read more here: Six Creative Uses for Old Tires

Karnataka picks up 100 most innovative startups, to give Rs 35 Cr in funding

BENGALURU: The State Government on Wednesday picked up 100 most innovative start-ups after following through a four-layered selection process. These startups will get a funding support of about Rs 35 crore from the government to pursue their tech-ideas and scale them up.

You can read more here: Karnataka picks up 100 most innovative startups, to give Rs 35 Cr in funding

Component producer Bierson to use Valinge click furniture technology

CENTRAL POINT, Ore. – Bierson Corp., a producer of three-dimensional laminate components, has signed a license agreement with Valinge for the use of Threespine click furniture technology. Bierson met Valinge at IWF in Atlanta a year ago and saw the technology.

You can read more here: Component producer Bierson to use Valinge click furniture technology

PET bottles recycling a Rs 3500 crore industry now: Report

MUMBAI: Recycling of PET bottles has grown to become a Rs 3,500-crore industry and nearly 70 per cent of PET waste is reprocessed in the country, a report said here.

You can read more here: PET bottles recycling a Rs 3500 crore industry now: Report

Puma’s online business grows 15 times in the last 5 years

German sports apparel company has grown its online business 15 times in the last 5 years benefitting from its partnership with India’s largest e-commerce company Flipkart. Puma’s association with Flipkart goes back to 2012 when sportswear maker first started business with the marketplace.

You can read more here: Puma’s online business grows 15 times in the last 5 years

UK entrepreneur to invest Rs 1500 crore in waste to energy plants in South India

KOCHI: A UK-based entrepreneur specialising in converting waste to energy has proposed to invest Rs 1500 crore in several South Indian cities to set up plants in the next five years with advanced technology to tackle the waste menace.

You can read more here: UK entrepreneur to invest Rs 1500 crore in waste to energy plants in South India

Wedged Sliding Mortise Gauge

Make your own copy of this precision vintage tool. Even after two years of working alone, I can still hear the visitors to my museum shop where I worked for 20 years: “My grandpa was a carpenter….” It’s a line I heard a lot.

You can read more here: Wedged Sliding Mortise Gauge

Adani project moving at slow pace, says Australian trade minister

NEW DELHI: Australia’s trade minister on Wednesday said that Adani Group's $16.5-billion Carmichael coal project is moving ahead but slower than what his government would have liked.

You can read more here: Adani project moving at slow pace, says Australian trade minister

Green shoots in select sectors for medium to long-term investors: Pankaj Murarka

Bullish on private sector banks and auto industrials, says Pankaj Murarka , Market Expert. Talking to ET Now, Murarka says we should see a recovery in earnings going forward from the second half of this year and hopefully accelerate going into the next year.

You can read more here: Green shoots in select sectors for medium to long-term investors: Pankaj Murarka

Makita Cordless Router Review

Routers are one of my favorite power tools.  A router is a great way to take a finished project and turn it into a master piece.  With a router, you can pretty much add any detail and completely change the look of it.

You can read more here: Makita Cordless Router Review

UP earmarks Rs 1,000 crore for startups: Yogi Adityanath

LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday made a strong pitch for startups and flagged off a "Start-up Bus Yatra" from the scientific convention centre in the state capital.

You can read more here: UP earmarks Rs 1,000 crore for startups: Yogi Adityanath

India’s Logistics Industry Modernizing with Tax Reform, Technology, and Infrastructure

India’s logistics industry is undergoing a transformative period. In this article, we discuss the current state of the sector, and how the GST – coupled with technological innovation and infrastructure development – is reshaping the industry in India.

The post India’s Logistics Industry Modernizing with Tax Reform, Technology, and Infrastructure appeared first on India Briefing News.

Hero Electronix eyes $1-billion business in next 4 years

MUMBAI: Hero Electronix, a company set up by the Hero Group over two years ago to tap into emerging digital opportunities, is targeting annual revenue of $1 billion (Rs 6,400 crore) in the next four years.

You can read more here: Hero Electronix eyes $1-billion business in next 4 years

Tata Steel's Sukinda Chromite Mine bags 4 awards from DGMS

BHUBANESWAR: Sukinda Chromite Mine (SCM) of Tata Steel in Jajpur district of Odisha bagged four awards at the safety week organised by the Directorate General of Mines Safety (DGMS).

You can read more here: Tata Steel's Sukinda Chromite Mine bags 4 awards from DGMS

There’s no trigger to push the Nifty past 10,000: Andrew Holland, Avendus Capital

Talking to ET Now, Andrew Holland, CEO, Avendus Capital, says the earnings outlook continues to be quite poor, all forecasts have been reduced drastically and in GST I am not sure I understand the numbers that the finance minister is throwing out.

You can read more here: There’s no trigger to push the Nifty past 10,000: Andrew Holland, Avendus Capital

VC transactions in Asia 47% of global deals in 2017

NEW DELHI: Global venture capital transactions witnessed significant uptrend this year with deals worth $47 billion in the April-June quarter, says a report.

You can read more here: VC transactions in Asia 47% of global deals in 2017

July GST collections of Rs 92,000 crore exceeded target: Finance Minister Arun Jaitley

Goods and services tax (GST) collections have exceeded estimates in the first month of the landmark levy's rollout despite a significant number of assessees not having filed returns yet. "We seem to be comfortable...

You can read more here: July GST collections of Rs 92,000 crore exceeded target: Finance Minister Arun Jaitley

Union Cabinet okays hike in GST cess on luxury cars, SUVs to 25 percent

NEW DELHI: The Cabinet today gave its nod for hike in cess on mid-size, large cars and SUVs to 25 per cent from 15 per cent under the new GST regime. Prices of most SUVs were cut between Rs 1.

You can read more here: Union Cabinet okays hike in GST cess on luxury cars, SUVs to 25 percent

Precise blood testing from a fingerprick? Tanay Tandon & Deepika Bodapati thinks it's possible

This is not the story of turtleneck-wearing Elizabeth Holmes's Theranos Inc. -- which soared to fame and then just as spectacularly crashed to Earth two years ago. With this new startup, some investors believe, things will be different.

You can read more here: Precise blood testing from a fingerprick? Tanay Tandon & Deepika Bodapati thinks it's possible

Room rent in hospitals exempted from GST

NEW DELHI: Rent paid by patients for hospital rooms will be exempted from the Goods and Services Tax (GST), the government said today.

You can read more here: Room rent in hospitals exempted from GST

I expect exports to grow by around 15%: Anil Gupta, KEI Industries

In a chat with ET Now, Anil Gupta, CMD, KEI Industries , gives his view on what led the growth on the turnkey projects business on the top line as well as the profitability side. Edited excerpts:

You can read more here: I expect exports to grow by around 15%: Anil Gupta, KEI Industries

Basant Maheshwari on how to invest in HFCs

Talking to ET Now, Basant Maheshwari, Basant Maheshwari Wealth Advisers, points out that without earnings and without growth, a stock is like an orphan on a street nobody bothers to look at it. The fact that you have bought into HFC stocks, pretty much symbolises what the potential of HFCs is.

You can read more here: Basant Maheshwari on how to invest in HFCs

Housing finance companies enjoy about 37% share: Vinay Sah, LIC Housing

In an chat with ET Now, Vinay Sah, MD & CEO, LIC Housing , talks about the boom in housing finance and what it means for companies like LIC Housing. Edited excerpts:

You can read more here: Housing finance companies enjoy about 37% share: Vinay Sah, LIC Housing

Some action needs to be taken at Infosys over next few weeks: Mayuresh Joshi, Angel Broking

Talking to ET Now, Mayuresh Joshi , Fund Manager, Angel Broking , says at this point at least 15-20% of incremental money can go in qualitative stocks on any significant decline.

You can read more here: Some action needs to be taken at Infosys over next few weeks: Mayuresh Joshi, Angel Broking

Accident cover for 4.5 lakhs Uber drivers

NEW DELHI: Uber has tied up with ICICI Lombard General Insurance to provide accidental cover for its 4,50,000 driver network.

You can read more here: Accident cover for 4.5 lakhs Uber drivers

Boardroom drama: The inside story of how Uber chose its new CEO

SAN FRANCISCO: By last Friday afternoon, most of Uber's eight directors had gathered in San Francisco for a board meeting. Their agenda was simple: Pick a new chief executive for the ride-hailing company. What unfolded over the next 72 hours was anything but straightforward.

You can read more here: Boardroom drama: The inside story of how Uber chose its new CEO

With Rs 50 crore, Orkla eyes a bite of food-tech startups

BENGALURU: Orkla Group, the parent company of MTR Foods, has Rs 50-crore venture fund with set up a an aim to make early-stage investments in startups. The fund, christened MTR Seed Fund, will invest mainly in food tech-related startups in India over 2017 and 2018.

You can read more here: With Rs 50 crore, Orkla eyes a bite of food-tech startups

Uber finally confirms Dara Khosrowshahi as Chief Executive Officer

The ride-hailing company made the announcement late Tuesday, confirming reports by Bloomberg and others, as well as comments he made to the press. The selection of Expedia Inc's outgoing CEO concludes a months-long search to replace Travis Kalanick.

You can read more here: Uber finally confirms Dara Khosrowshahi as Chief Executive Officer

Coverfox shifts focus to term life insurance business

MUMBAI: Online insurance brokerage firm Coverfox is looking to shift its focus to the term life insurance business that it launched two months ago, as it charts a path to capture more than half the online insurance market in the next year.

You can read more here: Coverfox shifts focus to term life insurance business

Investors book a spot in Treebo with Rs 226 crore

NEW DELHI: Ruptub Solutions, which owns and operates budget hotel chain Treebo Hotels, has raised $34 million (about Rs 226 crore) in fresh round of funding that was led by Hong Kong-based hedge funds Ward Ferry Management and Karst Peak Capital.

You can read more here: Investors book a spot in Treebo with Rs 226 crore

Rs 80 crore stake in Practo may be up for grabs

NEW DELHI: A chunk of equity in one of India's most richly-valued startups, Practo Technologies, is up for sale, with some stakeholders of the Bengaluru-based digital healthcare platform looking to sell their shares.

You can read more here: Rs 80 crore stake in Practo may be up for grabs

US probes Uber for possible bribery law violations

SAN FRANCISCO: Uber Technologies said on Tuesday it was cooperating with a preliminary investigation led by the US Department of Justice into possible violations of bribery laws.

You can read more here: US probes Uber for possible bribery law violations

Coal India yet to get a new chairman

KOLKATA: Coal India chairman Sutirtha Bhattacharya is slated to retire in two days, which may leave the company without a full-time chief executive at a time when the company’s profit has been falling and the future of coal is threatened by renewable energy.

You can read more here: Coal India yet to get a new chairman

Paytm launches payments bank on iOS app

BENGALURU: Paytm on Tuesday launched its payment bank digitally on its mobile app, starting in beta mode on iOS. The beta version will also be available on Android on by later this week.

You can read more here: Paytm launches payments bank on iOS app

Easy Tool Oil Applicator

I like to put a coat of camellia oil or jojoba oil on all of my hand tools, such as planes, saws and chisels, to protect them from rust.

You can read more here: Easy Tool Oil Applicator

PVC Corner Cauls

Strap-type web clamps are a handy way to close the four corners of a box during glueups. A caul at each corner can help direct the clamping pressure even better without smearing the glue. I make mine from thick-walled, 2″-diameter PVC pipe.

You can read more here: PVC Corner Cauls

Ouch in the Shop

Here is a topic that is uncomfortable to think about and experience: injuries in the shop. As a person who has been a woodworker for 40 years, I have had my share of accidents, some of which ended up badly. Hit in the face with a 4×4: broken cheekbone.

You can read more here: Ouch in the Shop

Learn Before You Turn? The Birch Burl Dilemma

In last eZine’s editorial, Rob questioned whether he should study up, or barge ahead, when turning a really large bowl from a recently acquired birch burl. Here’s what eZine readers had to say. Most were fully in the “do your research” camp. – Editor

You can read more here: Learn Before You Turn? The Birch Burl Dilemma

Backyard Greenhouse

We built a 16′ x 10′ cedar greenhouse in our backyard here in Colorado.

You can read more here: Backyard Greenhouse

How Do I Fix An Orange-peeled Finish?

I am finishing a maple burl veneer tabletop that has now developed significant orange peel in the new finish (see my photo, above).

You can read more here: How Do I Fix An Orange-peeled Finish?

AFM Safecoat Paints and Finishes: Healthier Alternatives

Today’s building products, which include the paints, stains and finishes we use for woodworking and DIY, are a chemical soup, according to Andrew Pace, founder of The Green Design Center/Building for Health.

You can read more here: AFM Safecoat Paints and Finishes: Healthier Alternatives

RYOBI 18V ONE+ONE 10-in. Dual Bevel Sliding Miter Saw

This summer, RYOBI introduced the first tool in its ONE+ONE lineup: the new 18-volt, 10-in. Cordless Brushless Dual Bevel Sliding Miter Saw. It is powered by two ONE+ 18-volt batteries (sold separately; two are required) to deliver a full 36 volts of maximum power at a no-load speed of 4,000 RPM.

You can read more here: RYOBI 18V ONE+ONE 10-in. Dual Bevel Sliding Miter Saw

Uber ties with ICICI Lombard to provide accidental cover to its 4,50,000 drivers

NEW DELHI: Uber has tied up with ICICI Lombard General Insurance to provide accidental cover for its 4,50,000 driver network.

You can read more here: Uber ties with ICICI Lombard to provide accidental cover to its 4,50,000 drivers

Paytm Mall eyes $4 billion GMV run-rate this fiscal

NEW DELHI: Alibaba-backed Paytm Mall today said it expects to clock a gross merchandise value (GMV) run rate of USD 4 billion by the end of March next year on the back of strong growth in transactions on its platform.

You can read more here: Paytm Mall eyes $4 billion GMV run-rate this fiscal

270 startups slugging it out for Karnataka’s 100 most innovative startups tag

BENGALURU: Two hundred and seventy startups from across Karnataka are vying for the top 100 slots in Karnataka government’s startup hierarchy. A slot would mean generous government support including mentoring and funding.

You can read more here: 270 startups slugging it out for Karnataka’s 100 most innovative startups tag

SAIL inks long-term tariff pact with Railways

KOLKATA: Steel Authority of India Ltd. (SAIL) and Indian Railways have entered into a strategic agreement on Long Term Tariff Contract (LTTC). The agreement will involve fifteen of the sixteen zones under Indian Railways for transportation of iron & steel and other related commodities.

You can read more here: SAIL inks long-term tariff pact with Railways

OMA Emirates to pump in $23m to grow Indian fintech sector

MUMBAI: Payments and financial technology company OMA Emirates Group today announced the launch of a dedicated fund for emerging and potential financial technology companies and startups in the country.

You can read more here: OMA Emirates to pump in $23m to grow Indian fintech sector

Unless earnings show a change, a fundamental upside unlikely: Deepak Shenoy

Talking to ET Now, Deepak Shenoy , Founder, Capital Mind , says in India, foreign investors have invested Rs 13,000 crore in debt this month while taking out 14,000 crore in equity.

You can read more here: Unless earnings show a change, a fundamental upside unlikely: Deepak Shenoy

HPCL stock had been doing well over a last few months: MK Surana, HPCL

In a chat with ET Now, MK Surana, CMD, HPCL , gives his views on the company's recent inclusion in the Nifty 50. Edited excerpts: Congratulations on getting the Nifty 50 slot. What does this mean for HPCL? MK Surana: Yes, it is good to see our stock in the Nifty.

You can read more here: HPCL stock had been doing well over a last few months: MK Surana, HPCL

Ridgid Cordless Vacuum Review

Let’s face it, no matter how well you perform your job, if you leave a mess, that is what the client will remember.  It’s important to clean up after you are done, but we all know this can be a pain.  We have to grab the large 5-gallon vacuum, haul it inside and mess around with the cord.

You can read more here: Ridgid Cordless Vacuum Review

India’s Minimum Wage Structure: A Brief Explainer

Understanding India's minimum wage structure is a complicated matter, especially for foreign businesses. This article intends to serve as a brief explainer: addressing frequently asked queries on how India views the minimum wage, how it is fixed, and how it is implemented.

The post India’s Minimum Wage Structure: A Brief Explainer appeared first on India Briefing News.

MSMEs form backbone of industrial landscape: Kant

JAMSHEDPUR: The importance of the MSME sector cannot be underestimated as it forms the backbone of the industrial landscape of the country, a senior CII functionary has said.

You can read more here: MSMEs form backbone of industrial landscape: Kant

Here's how 12 homemakers became millionaires

NEW DELHI: Stories of 12 homemakers who, in spite of having no prior experience in business, managed to build successful empires defying all stereotypes are featured in a new book.

You can read more here: Here's how 12 homemakers became millionaires

3 NBFC stock picks for next 18 months: Digant Haria, Antique Stock Broking

Talking to ET Now, Digant Haria, Antique Stock Broking , says betting on Muthoot Finance, JM Financials and Shriram Transport for next 12-18 months. JM Financials is a company where you have given a buy rating. What is the rationale?

You can read more here: 3 NBFC stock picks for next 18 months: Digant Haria, Antique Stock Broking

MedGenome secures $30 million funding led by Sequoia India, Sofina

NEW DELHI: Genomics research and diagnostics company MedGenome has secured $30 million (around Rs 192 crore) in Series C funding led by Sequoia India and Sofina and aims to accelerate adoption of cost-effective genetic diagnostics.

You can read more here: MedGenome secures $30 million funding led by Sequoia India, Sofina

Prateek Agarwal is betting on 4 stocks for long-term growth, here's why

This is something that we have spoken about. We invest into businesses where compounding of EPS seems to be of a high order because we seek to make most of our money from compounding.

You can read more here: Prateek Agarwal is betting on 4 stocks for long-term growth, here's why

India could grow by 9% or 10% for the next 10 to 15 years: Lord Jim O'Neill, UK Government

In a chat with ET Now, Lord Jim O'Neill, Former Commerce Secretary, UK Government, talks about what he makes of the rise with India theme and how strongly he believes in India's future. Edited excerpts:

You can read more here: India could grow by 9% or 10% for the next 10 to 15 years: Lord Jim O'Neill, UK Government

GST like new daughter-in-law, needs time to adjust: Arjun Ram Meghwal

NEW DELHI: Union Minister Arjun Ram Meghwal today said the GST is like a new "daughter-in-law" who takes time to adjust to the family and the government has brought this new law for the country's growth.

You can read more here: GST like new daughter-in-law, needs time to adjust: Arjun Ram Meghwal

GST to have a positive impact on state government finances

MUMBAI: Implementation of goods and services tax (GST) will have a positive impact on state governments’ finances in the medium to long term, according to a report by ratings firm India Ratings. Even in the short term, the impact on individual states varies across states, it said .

You can read more here: GST to have a positive impact on state government finances

FDI consolidated policy includes startups, allows 100% FVCI

NEW DELHI: India unveiled a new foreign direct investment policy framework that for the first time comprises provisions specific to startups, a sector that is top on the government’s agenda.

You can read more here: FDI consolidated policy includes startups, allows 100% FVCI

Look at 3 growth sectors In India: Manish Singh, Crossbridge Capital

Talking to ET Now, Manish Singh, Crossbridge Capital , says for a growth country like India, one has to look at growth sectors – finance, technology and manufacturing. How do you look at the Indian investment scene?

You can read more here: Look at 3 growth sectors In India: Manish Singh, Crossbridge Capital

Uber India staff has a wishlist for new boss Khosrowshahi

BENGALURU: Uber had barely offered its top job to Expedia chief executive Dara Khosrowshahi, when the company's executives in India started drawing up a wishlist.

You can read more here: Uber India staff has a wishlist for new boss Khosrowshahi

New chief challenged to steady the wheel at Uber

SAN FRANCISCO: Uber appeared on Monday to have found a new hand to steady the wheel at the smartphone-summoned ride service, which has skidded from one controversy to another.

You can read more here: New chief challenged to steady the wheel at Uber

Amazon taken to High Court for alleged non-payment of rental dues

NEW DELHI: A Mumbai-based firm has dragged Amazon India to the Bombay High Court for alleged nonpayment of rental dues for a premise that the Mumbai-based firm had leased out to the US e-commerce giant.

You can read more here: Amazon taken to High Court for alleged non-payment of rental dues

Freshworks acquires marketing software startup, Zarget

BENGALURU: Cloud-based business software provider Freshworks has acquired Zarget, a marketing software startup, in its ninth acquisition over the past two years.

You can read more here: Freshworks acquires marketing software startup, Zarget

Paytm Mall, Alibaba may invest $200 million in BigBasket

BENGALURU: Online marketplace Paytm Mall and its main backer Alibaba, which are in talks to pick up a significant stake in online grocer BigBasket, have extended the exclusivity period of their negotiations by two weeks, according to two people familiar with the developments.

You can read more here: Paytm Mall, Alibaba may invest $200 million in BigBasket

Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billion

MUMBAI: India’s leading renewables company Greenko is in talks with Anil Ambani-led Reliance Infrastructure to acquire its Mumbai electricity business for an enterprise value of Rs 10,000-13,000 crore ($1.75-2 billion), people aware of the discussions said.

You can read more here: Greenko eyes Reliance Infrastructure's Mumbai power business for $2 billion

Ola ties up with YuppTV, users can now watch live television during their ride

BENGALURU: Homegrown cab hailing application Ola has partnered with OTT platform YuppTV to add live TV options for the company's in-car entertainment service Ola Play. End users will have access to various television channels, including live news.

You can read more here: Ola ties up with YuppTV, users can now watch live television during their ride

Salary hikes, arrears to put pressure on Coal India profit

KOLKATA: Coal India’s profit may come under pressure this year as the company will have to cough up more than the amounts provisioned for salary increases and arrears.

You can read more here: Salary hikes, arrears to put pressure on Coal India profit

How to Make a DIY KanJam Set

KanJam is like a cooler version of disc golf, horseshoes or bean bag toss – fast paced and easy for any beginner to learn. KanJam is quickly becoming a classic backyard game. It’s perfect for end of summer fun, while the family cooks out on the grill.

You can read more here: How to Make a DIY KanJam Set

La-Z-Boy's net income drops 15 percent, considers selling on Amazon

MONROE, Mi. - From $13.8 million to $11.7 million, Furniture giant La-Z-Boy Inc. reported a 15.16 percent decrease in net income for the first quarter of its 2018 fiscal year compared to last year’s first quarter.

You can read more here: La-Z-Boy's net income drops 15 percent, considers selling on Amazon

DLF looking at Mumbai, Bengaluru to build commercial assets

NEW DELHI: Buoyed by the joint venture deal with global investment firm GIC, realty major DLF today said it will accelerate development of commercial properties and may foray into cities like Mumbai and Bengaluru.

You can read more here: DLF looking at Mumbai, Bengaluru to build commercial assets

JSW Steel in talks with Cevital to acquire mill for $100 mn

NEW DELHI: Sajjan Jindal-owned JSW Steel is in talks with Algeria's Cevital Group to acquire its Aferpi steel mill in Italy for USD 100 million, a source said today. The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini.

You can read more here: JSW Steel in talks with Cevital to acquire mill for $100 mn

Domestic steel production increases by 5.4% in January-July of 2017

KOLKATA: Domestic steel production increased by 5.4% in the January-July period of 2017 to 58.01 million tonne (mt) over 55.

You can read more here: Domestic steel production increases by 5.4% in January-July of 2017

India's crude steel output up 3.5% to 8.36 MT in July

NEW DELHI: India's crude steel production grew 3.5 per cent to 8.36 million tonnes (MT) in July this year, says the latest report by World Steel Association. The steel output stood at 8.08 MT in the same month last year, it said.

You can read more here: India's crude steel output up 3.5% to 8.36 MT in July

At current prices Infosys buyback arbitrage will be a bit risky: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, Inditrade Capital says that there will be no short-term improvement in the price of Infosys. He also said that at current prices, trying that arbitrage will be a bit risky. Edited excerpts:

You can read more here: At current prices Infosys buyback arbitrage will be a bit risky: Sudip Bandyopadhyay

Rupee will gradually drift weaker in rest of FY18: Upasna Bhardwaj

In chat with Mythili Bhusnurmath, Upasna Bhardwaj, Kotak Mahindra Bank says Ruppe may outperform most of its EM peers. She also said that CAD in FY18 to widen to $33.6 billion. Edited experts: Should banks link the home loan rates to the repo rates.

You can read more here: Rupee will gradually drift weaker in rest of FY18: Upasna Bhardwaj

Uber adds in-app chat, multi-destination feature in India

NEW DELHI: Cab aggregator Uber today said it has rolled out two new features -- 'in-app chat' and 'multi- destination' -- to improve experience for its riders in India. Using the in-app chat feature, riders can provide information like their exact location without incurring any call charges.

You can read more here: Uber adds in-app chat, multi-destination feature in India

Privacy Ruling Impacts Aadhaar, Rules for Power Grid, Telecom Tightened – India Regulatory Brief

In this week’s Regulatory Brief, we briefly discuss the Supreme Court’s landmark judgment on right to privacy and its implications, a ban on gold exports, and power and telecom industry regulations.

The post Privacy Ruling Impacts Aadhaar, Rules for Power Grid, Telecom Tightened – India Regulatory Brief appeared first on India Briefing News.

Have grown at CAGR of 20 per cent over last 5 years: Ramesh Iyer

In a chat with ET Now, Ramesh Iyer, VC & MD, Mahindra Finance said he believes rural growth story in India will provide good demand and monsoon drives positive sentiment in rural India. Edited excerpts:

You can read more here: Have grown at CAGR of 20 per cent over last 5 years: Ramesh Iyer

Urban Ladder receives single brand licence from DIPP

HYDERABAD: Online furniture marketplace Urban Ladder has been granted the single brand retail trade (SBRT) licence by the Department of Industrial Policy & Promotion (DIPP). This governmental nod, the company believes, will help them build a strong offline presence across the country.

You can read more here: Urban Ladder receives single brand licence from DIPP

Still underweight on IT, prefer retail banks: Sanjay Dongre, UTI AMC

Talking to ET Now, Sanjay Dongre , Fund Manager, UTI Asset Company , says banks where he has exposure are more towards the end of stress cycle rather than in the middle or the start of the stress recognition cycle. If I look at UTI Master Equity, with HDFC Bank allocation od 9.

You can read more here: Still underweight on IT, prefer retail banks: Sanjay Dongre, UTI AMC

Every Indians should have an SIP just like a bank account, insurance: Nilesh Shah

In a chat with ET Now, Nilesh Shah, MD, Kotak AMC, A Balasubramanian, CEO, Aditya Birla Sun Life Mutual Fund and Madhu Kela, Chief Investment Strategist at Reliance Capital discuss how an average Indian can participate in Rise with India movement and they also expect Indian economy to be over $5 tri

You can read more here: Every Indians should have an SIP just like a bank account, insurance: Nilesh Shah

Ryobi Score Speaker Review

Music is a daily part of our lives.  We hear it in the elevator, in commercials and almost any store we walk into.  Whether you listen to music for the beat, the words or to have some background noise, it’s something we can’t escape.

You can read more here: Ryobi Score Speaker Review

Bullish on these 2 wealth creation ideas: Rajesh Agarwal, AUM Capital

In a chat with ET Now, Rajesh Agarwal, AUM Capital , says betting on Asahi Songwon and Berger Paints for next 2-3 quarters. What is your first wealth creation idea? What is the rationale behind choosing that stock?

You can read more here: Bullish on these 2 wealth creation ideas: Rajesh Agarwal, AUM Capital

I attribute a lot of growth of Piramal Enterprises to what is happening in India: Ajay Piramal

The fact that a lot of approvals in the past were given to real estate companies which were not legally done is another issue. All these have meant that the real estate space has actually been a lot in the news for all the wrong reasons. I believe that this is an opportunity.

You can read more here: I attribute a lot of growth of Piramal Enterprises to what is happening in India: Ajay Piramal

L&T Construction secures job orders worth Rs 1,975 crore

NEW DELHI: L&T Construction, an arm of infrastructure major Larsen and Toubro (L&T), has won orders worth Rs 1,975 crore across business segments.

You can read more here: L&T Construction secures job orders worth Rs 1,975 crore

SC rejects FIMI, Vedanta plea against e-auction of iron ore

NEW DELHI: The Supreme Court today rejected the pleas of the Federation of Indian Mineral Industries (FIMI) and Vedanta seeking scrapping of e-auction of iron ore in Karnataka.

You can read more here: SC rejects FIMI, Vedanta plea against e-auction of iron ore

Large pool of alpha will come from small and mid-cap cos: A Balasubramanian, Birla Sun Life AMC

Talking to ET Now, Nilesh Shah, MD, Kotak AMC, and A Balasubramanian, CEO, Birla Sun Life AMC, discuss how the economy actually is going deeper and more and more companies are operating out of the regions also are going to become actually powerful value creator for the industry.

You can read more here: Large pool of alpha will come from small and mid-cap cos: A Balasubramanian, Birla Sun Life AMC

Adani says to start Australian coal mine with own funds

SYDNEY: India's Adani Enterprises said on Monday it will start work in October on its Carmichael coal project in Australia using A$400 million ($317 million) of its own funds, even as it looks to lock in financing for the controversial mine.

You can read more here: Adani says to start Australian coal mine with own funds

Government mulling 2 per cent relief on GST for digital payments

NEW DELHI: You may soon need to shell out less if you pay digitally. The government is looking at giving a 2% incentive over the applicable GST tax rate in case of digital payments where the bill is up to Rs 2,000, in a move aimed at discouraging cash payments.

You can read more here: Government mulling 2 per cent relief on GST for digital payments

21000, 32000, 100000, wherever the index is, I will make money for investors: Nilesh Shah, Kotak AMC

Talking to ET Now, Nilesh Shah, MD, Kotak AMC, and A Balasubramanian, CEO, Birla Sun Life AMC, say India going to deliver in the longer term better than what the global economy is going to deliver. As shareholders, you should be very happy about Nandan Nilakani coming back to Infosys.

You can read more here: 21000, 32000, 100000, wherever the index is, I will make money for investors: Nilesh Shah, Kotak AMC

3 top investment picks for the week: Yogesh Mehta, Motilal Oswal Securities

Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities, says Aurobindo Pharma, IndusInd Bank and Yes Bank are the top investment ideas for the week. Are you telling your clients to go and buy Infosys or is Infosys still one of those ideas where you are not confident of giving a buy call?

You can read more here: 3 top investment picks for the week: Yogesh Mehta, Motilal Oswal Securities

The world's largest two-wheeler manufacturer is prepping for a new ride in renewable energy space

It is almost ironical that on one hand the Munjal family, with Hero MotoCorp, is the largest two-wheeler manufacturer in the world and on the other it wants to be the biggest player in the renewable energy market in the country.

You can read more here: The world's largest two-wheeler manufacturer is prepping for a new ride in renewable energy space

Battle-hardened defence personnel enter brave new world of startups

BENGALURU: Like entrepreneurs, exservicemen also apparently know how to take risks and survive, says retired Major Niranth Bymana. The 33-year-old short commission service officer quit the Indian army four years ago to become an entrepreneur.

You can read more here: Battle-hardened defence personnel enter brave new world of startups

Saama Tech to dive into deep learning in Pune centre

PUNE: California-headquar tered data analytics firm Saama Technologies is setting up a deep learning centre in Pune as it attempts to build on its expertise in the data analytics space.

You can read more here: Saama Tech to dive into deep learning in Pune centre

Doxper gets $750,000 in Seed Round

BENGALURU: Health tech startup Doxper, which has created a digital pen and coded paper system for doctors to record patient information, has raised $750,000 in a seed round led by health insurance company Vidal Healthcare and early-stage investment firm GrowX Ventures.

You can read more here: Doxper gets $750,000 in Seed Round

Aadhaar helped disburse Rs 83,000 cr via DBT: ASSOCHAM

Biometric cards have facilitated disbursement of as much as Rs 83,184 crore to beneficiaries of Direct Benefit Transfer (DBT) schemes without the notorious leakages of the past, industry body ASSOCHAM said on Sunday, citing its report on the matter.

Companies fear losing credit over GST filing errors

NEW DELHI: A company with Rs 100-crore credit in lieu of taxes paid in the past regime, risks losing it now under the goods and services tax (GST) reign simply because of the 'fat finger,' as it is popularly called.

You can read more here: Companies fear losing credit over GST filing errors

$7 million funding in Mobikon's plate

MUMBAI: Marketing and customer engagement platform for restaurants Mobikon has raised about Rs 45 crore ($7 million) in its third round of institutional funding from a three-member investor consortium, including Sistema Asia Fund (proprietary fund of Russian conglomerate Sistema JSFC), Qualgro & C31

You can read more here: $7 million funding in Mobikon's plate

CBSE looks to open a fresh chapter on entrepreneurship

AHMEDABAD: Flipkart, Ola, BigBasket, OYO Rooms, CarDekho and ShopClues are just some of the successful Indian startup case studies that may soon enter classrooms as the Central Board of Secondary Education (CBSE) authorities emphasise on creating an entrepreneurial aptitude among secondary and highe

You can read more here: CBSE looks to open a fresh chapter on entrepreneurship

CureFit raises fresh funding of $25 million

BENGALURU: Health and fitness platform CureFit, which was founded by Myntra cofounder Mukesh Bansal and former Flipkart executive Ankit Nagori, has raised a fresh round of funding of $25 million from existing investors Accel Partners, Kalaari Capital , IDG Ventures and UC-RNT fund, a joint investmen

You can read more here: CureFit raises fresh funding of $25 million

Paytm puts Postcard in festive envelope

HYDERABAD: Digital payments and ecommerce company Paytm has rebranded Postcard, its digital version of gifting money in an envelope on festive occasions, to Lifafa (which means envelope in Hindi) after India Post sent a notice to the company to stop using the term 'postcard'.

You can read more here: Paytm puts Postcard in festive envelope

SoftBank has $34 billion Vision Fund jackpot in sight

HONG KONG: SoftBank could have a $34 billion jackpot in sight. The company is readying the Vision Fund, an unprecedented $100 billion war chest to plough into artificial intelligence, robotics, and other emerging technologies.

You can read more here: SoftBank has $34 billion Vision Fund jackpot in sight

Season may be right for Sequoia to exit Pine Labs

MUMBAI/NEW DELHI: Sequoia Capital is exploring the sale of its portfolio company Pine Labs, one of the country's largest point-of-sale (PoS) solutions provider.

You can read more here: Season may be right for Sequoia to exit Pine Labs

Medlife has $30 million prescription to scale up business

NEW DELHI: Bengaluru-based epharmacy Medlife, which was founded by one of the founders of pharma company Alkem Laboratories, has planned an internal investment of $30 million to scale up its epharmacy business.

You can read more here: Medlife has $30 million prescription to scale up business

Centre gets maximum complaints against e-commerce giants over consumer issues

NEW DELHI: The Centre received the maximum complaints against e-commerce giants last year, prompting the Quality Council of India (QCI) to suggest that the government should “name and shame” such companies with total number of pending customer grievances.

You can read more here: Centre gets maximum complaints against e-commerce giants over consumer issues

Uber board selects Expedia CEO Dara Khosrowshahi to lead company out of crisis

Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi as chief executive officer of the global ride-hailing leviathan, two people familiar with the matter said.

You can read more here: Uber board selects Expedia CEO Dara Khosrowshahi to lead company out of crisis

Jeff Immelt says not pursuing Uber CEO job

Former General Electric CEO Jeffrey Immelt has taken himself out of the running to lead Uber as the ride-hailing giant seeks to overcome its ethical scandals and turn itself into a profitable business. Immelt announced Sunday on Twitter: "I have decided not to pursue a leadership position at Uber.

You can read more here: Jeff Immelt says not pursuing Uber CEO job

Dirty Business: How washing laundry can transform this startup into a Rs 100 crore company

The first thing that strikes you about Wassup Laundry is that it is a funky name for a business. In a sector, on-demand laundry service, which has proved to be a graveyard for many startups, clever word play is not the only thing going right for Wassup Laundy.

You can read more here: Dirty Business: How washing laundry can transform this startup into a Rs 100 crore company

Digital wallets may soon run out of cash

In the months after demonetisation, e- wallets rode a wave as customers short of cash quickly downloaded apps to pay digitally for everything from mobile phone recharges and cabs to groceries and flight tickets.

You can read more here: Digital wallets may soon run out of cash

We were driven by the excitement of proving critics wrong: Capital Float's Gaurav Hinduja

Gaurav Hinduja and Sashank Rishyasringa met and became friends at Stanford Business School. In 2013, excited by opportunities they saw in India, they decided to move back to the country and start a business.

You can read more here: We were driven by the excitement of proving critics wrong: Capital Float's Gaurav Hinduja

IISCO steel plant to capture 10% market in long products: SAIL

NEW DELHI: State-owned today said that its IISCO steel plant in Burnpur will help the PSU's long product market share to 10 per cent from 7 per cent at present.

You can read more here: IISCO steel plant to capture 10% market in long products: SAIL

WittyFeed’s platforms spreads awareness on Swachh Bharat Abhiyaan

World’s second largest content marketing, WittyFeed, on Saturday said it has got associated with Government’s initiative of “Swachh Bharat Abhiyaan with the Minister for Rural Development and Panchayati Raj, Narendra Singh Tomar, using the platform to address youth on the importance of cleanli

You can read more here: WittyFeed’s platforms spreads awareness on Swachh Bharat Abhiyaan

Power of social media: A win-win marketing strategy for SMEs

Traditional media, like newspapers, radio, and television, are effective ways to reach out to large audiences. However, traditional media is broadcast-messages go out, but there is little interaction with the target audience or customers.

You can read more here: Power of social media: A win-win marketing strategy for SMEs

Go contrarian on IT, 75% of growth drivers normalising: Abhay Laijawala, Deutsche Equities

Talking to ET Now, Abhay Laijawala , Head-India Research, says Deutsche Equities is overweight on IT but continues to be underweight on pharma as further price erosion is seen in next few months. Is it time to buy the fear into IT? Let us be clear here.

You can read more here: Go contrarian on IT, 75% of growth drivers normalising: Abhay Laijawala, Deutsche Equities

Microsoft ready to take 50 million SMBs on 'intelligent' Cloud

GURUGRAM: As over 50 million Small and Medium Businesses (SMBs) in India look to move to a secure Cloud, Microsoft -- with its end-to-end offerings with New-Age capabilities -- is set to help them evolve and adopt an "intelligent" Cloud, says Microsoft India President Anant Maheshwari.

You can read more here: Microsoft ready to take 50 million SMBs on 'intelligent' Cloud

Finally, demat shares can be locked-in under system

The shares and other securities of a company can be held either in physical form (in the form of share certificates) or in a de-materialised form (electronic form). Securities of listed companies are normally in demat form.

You can read more here: Finally, demat shares can be locked-in under system

In the fast lane, pedestrian footpaths make a comeback

Due to my job, I travel abroad quite frequently. Whenever I am outside India in another city, there is one element of the city that always hits me more than anything else - the amazing pedestrian footpaths.

You can read more here: In the fast lane, pedestrian footpaths make a comeback

IoT and the new role for network service providers

For today's young millennial, mobile phone and broadband internet services are basic needs. However, a quick glance at the history of telecom shows that these services are just over a hundred years old.

You can read more here: IoT and the new role for network service providers

Next bull market to be based on rural economy: Abhay Laijawala, Deutsche Equities

In the last three months, for example, Chinese steel prices have improved by as much as $100 per ton, the last I checked, Chinese steel prices were at $580 per ton.

You can read more here: Next bull market to be based on rural economy: Abhay Laijawala, Deutsche Equities

No Flipkart or Amazon for EzCred; this startup wants to pursue offline shoppers

One of most noteworthy innovations in the consumer finance scheme has been the concept of 'No cost EMI', where purchases are converted into monthly instalments without any interest being charged on it. For consumers this meant expensive, quality products suddenly became lucrative and affordable.

You can read more here: No Flipkart or Amazon for EzCred; this startup wants to pursue offline shoppers

3 top trading ideas for Monday morning: Ashish Chaturmohta

In a chat with ET Now, Ashish Chaturmohta , Technical Expert, says Havells, CESC and Bharat Electronics are the top three tradng ideas for Monday. Let us talk about Infosys, back above Rs 900.

You can read more here: 3 top trading ideas for Monday morning: Ashish Chaturmohta

Look for pockets, betting on this stock: Sudip Bandyopadhyay, Inditrade Capital

Talking to ET Now, Sudip Bandyopadhyay, Inditrade Capital, says bullish on Godrej Industries at the present market level. It has been a sideways session with only news dominating this entire week with regards to Infosys. What is going to dictate the market mood come next week?

You can read more here: Look for pockets, betting on this stock: Sudip Bandyopadhyay, Inditrade Capital

FICCI suggests four pillars medical devices policy

Apex industry body FICCI has suggested the Government to adopt a 4 pillar balanced approach while drafting the National Medical Device Policy to assure the sustainable growth of this nascent industry in New Delhi.

Woodworker’s Journal – September/October 2017

If you’ve got a taste for great woodworking, you’ll love the projects in the September/October 2017 issue of Woodworker’s Journal. We have plans for a dining table, a mini kitchen cabinet and a dog feeding station, and more!

You can read more here: Woodworker’s Journal – September/October 2017

Cutting lead and setup time with cell-based CNC: Baker Furniture

Baker Furniture has a commitment to quality furniture, and to making that furniture in North Carolina.   The company became part of Samson International recently, and plans to continue its reputation as a producer of high-end residential furniture.

You can read more here: Cutting lead and setup time with cell-based CNC: Baker Furniture

Designing a Mid-Century Sideboard

Chris Marshall explains how he designed and built his Mid-Century Sideboard project (from the September/October issue of Woodworker’s Journal), including discussion on his wood choice and the tools and techniques he used.

You can read more here: Designing a Mid-Century Sideboard

DLF promoters to sell entire stake in rental arm for Rs 12,000 crore

NEW DELHI: DLF promoters will sell their entire 40 per cent stake in the company's rental arm for Rs 11,900 crore, making it the biggest deal in the Indian real estate sector. The promoters -- K P Singh and family -- would sell 33.

You can read more here: DLF promoters to sell entire stake in rental arm for Rs 12,000 crore

How to Turn a Bowl Without a Scroll Chuck

Most woodturners use a scroll chuck to hold the wood blank when turning a bowl. But, if you don’t have a scroll chuck, you can still turn a bowl using only a faceplate to mount the wood on the lathe.

You can read more here: How to Turn a Bowl Without a Scroll Chuck

Mobile wallet transactions to touch Rs 32 trillion by 2022

MUMBAI: The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022 and the value of the same will be Rs 32 trillion, said a report.

You can read more here: Mobile wallet transactions to touch Rs 32 trillion by 2022

Just Buy Live raises $100 million from Dubai-based Ali Cloud Investments

Just Buy Live, an online distribution platform connecting brands with retailers and small and medium enterprises, on Thursday said it has raised a Series-B round of $100 million from Ali Cloud Investments, a Dubai-based boutique investment firm.

You can read more here: Just Buy Live raises $100 million from Dubai-based Ali Cloud Investments

India Starts Free Trade Negotiations with the Eurasian Economic Union

The Eurasian Economic Union and India will sign a deal this Saturday paving the way for negotiations on a future free trade zone agreement. This article discusses the latest developments and their impact on India - Russia trade and business relations.

The post India Starts Free Trade Negotiations with the Eurasian Economic Union appeared first on India Briefing News.

Milwaukee Laser Distance Meter Review

A while back we introduced you to the new Milwaukee LDM (Laser Distance Meter).  At the time we covered the 65′ and the 150′.  This time we want to take a look at a strong meter with our Milwaukee laser distance meter review, the 330′.

You can read more here: Milwaukee Laser Distance Meter Review

Payment firms ask PM Narendra Modi to make NPCI a neutral agency

BENGALURU: Several leading entreprenuers in the payments sector, including Paytm’s Vijay Shekhar Sharma and PhonePe’s Sameer Nigam, recommended to the Prime Minister and the government that the National Payment Corporation of India (NPCI) be made a neutral body to ensure a level-playing field be

You can read more here: Payment firms ask PM Narendra Modi to make NPCI a neutral agency

Meet heavylifters of startupland

Over the past five years, 79 per cent of the startup deals have come from companies based in Bengaluru, Delhi and Mumbai, with Bengaluru and Delhi claiming a majority of the country’s 10 unicorns, according to venture capital database CB Insights.

You can read more here: Meet heavylifters of startupland

Tiger Global plans to lead $15-million round of funding in Inshorts

BENGALURU: New York-based investment firm Tiger Global Management is in advanced talks to lead a $10-15-million round of funding in its portfolio company, news media startup Inshorts, according to two people familiar with the development.

You can read more here: Tiger Global plans to lead $15-million round of funding in Inshorts

Smartworks: This startup packages services into co-working spaces

KOLKATA: Neetish Sarda and Harsh Binani dreaded having to drag themselves out of bed each morning to go to work. So they took it upon themselves to challenge workplace orthodoxy by offering buzzy co-working spaces with funky furnishings and a collegiate atmosphere.

You can read more here: Smartworks: This startup packages services into co-working spaces

Pollaro Furniture announces Teak + Titanium Exterior Collection

Over the years, Pollaro Furniture has had many requests from clients to create an exterior line of deck furniture for both yacht and residential applications.  This year at the Monaco Yacht Show, Pollaro will unveil the Pollaro Teak + Titanium Collection.

You can read more here: Pollaro Furniture announces Teak + Titanium Exterior Collection

Predictability a challenge in subscription model: Hari Menon, CEO, Bigbasket

BigBasket, India’s largest online grocer, plans to test the subscription model shortly, CEO Hari Menon said in an interview. Edited excerpts: Do you think you have perfected the grocery delivery model? The model is fairly perfected.

You can read more here: Predictability a challenge in subscription model: Hari Menon, CEO, Bigbasket

283 young managers shortlisted for on-ground evaluation of ETYL

MUMBAI: As many as 283 young professionals out of more than 26,000 applicants were shortlisted for on-ground assessments in the 2017 edition of The Economic Times Young Leaders (ETYL) Programme, a platform to reward and recognize young managers across India.

You can read more here: 283 young managers shortlisted for on-ground evaluation of ETYL

Grocery startups: Subscription-based services may prove cost-efficient

Online delivery of grocery has been the toughest model to crack for startups owing to multiple reasons. The top among the reasons are high costs of delivery, wafer-thin margins and highly perishable inventory.

You can read more here: Grocery startups: Subscription-based services may prove cost-efficient