In 3-5 years, we will see the real progress: Abizer Diwanji, EY India

Talking to ET Now, Abizer Diwanji, EY India , says the current flavour of the day is the NPA but tomorrow it could be operating performance.

You can read more here: In 3-5 years, we will see the real progress: Abizer Diwanji, EY India

More pain for pharma in next 2 qtrs; wait and buy on dips: Deepak Shenoy

Talking to ET Now, Deepak Shenoy , Founder, Capital Mind , says for a couple of quarters more, we are going to see a bit of damage on almost all pharma counters.

You can read more here: More pain for pharma in next 2 qtrs; wait and buy on dips: Deepak Shenoy

Nirma second time unlucky as Genesis Energy pips it to scoop Tronox Alkali for $1.3 billion

MUMBAI: US based Genesis Energy LP said it will buy Tronox Ltd's alkali business, the world's largest producer of natural soda ash, for about $1.33 billion in cash to expand into the chemicals sector beating Nirma in a closely fought race.

You can read more here: Nirma second time unlucky as Genesis Energy pips it to scoop Tronox Alkali for $1.3 billion

Anil Agarwal-led Vedanta among top companies in disclosure index

MUMBAI: Global diversified natural resources company Vedanta Limited has received one of the highest rankings in the "India Disclosure Index 2017" by the business advisory firm FTI Consulting.

You can read more here: Anil Agarwal-led Vedanta among top companies in disclosure index

I feel very optimistic about commercial markets: Anand Piramal, Piramal Group

In a chat with ET Now, Anand Piramal , ED, Piramal Group said that,"we have invested about Rs 2400 crores into the development of this complex. The first building actually is sold to our sister company Piramal Enterprises." Edited Excerpts:

You can read more here: I feel very optimistic about commercial markets: Anand Piramal, Piramal Group

For next 2-3 years, private banking players will have a clear home run: Rohit Agarwal, Kotak Life Insurance

Talking to ET Now, Rohit Agarwal, Equity Fund Manager, Kotak Life Insurance , says now private banks who have technology as their ally and digital as a medium, are leapfrogging into a different orbit. You have seen a stark reaction to the 25 bps rate cut by the RBI.

You can read more here: For next 2-3 years, private banking players will have a clear home run: Rohit Agarwal, Kotak Life Insurance

OMC stocks may get rerated: Prayesh Jain, IIFL India

Talking to ET Now, Prayesh Jain, IIFL India, says following the new government diktat on kerosene, LPG pricing, the only thing that will be different for OMCs is that they will collect the full amount from the customer rather than having it collected partially from the customer and then getting comp

You can read more here: OMC stocks may get rerated: Prayesh Jain, IIFL India

Rupee has outperformed all major currencies in this year: Ananth Narayan, Standard Chartered Bank

In a chat with ET Now, Ananth Narayan, Standard Chartered Bank said that,"when you have an inflation targeting monetary framework which keeps the rate higher than the market thinks it ought to be, that automatically has an impact on the currency.

You can read more here: Rupee has outperformed all major currencies in this year: Ananth Narayan, Standard Chartered Bank

Ryobi Chemical Sprayer Review

Ryobi’s line of products goes beyond just power tools. If you are a homeowner, there really isn’t another brand that can complete with Ryobi. They make anything from power tools to garage door openers and everything in between.

You can read more here: Ryobi Chemical Sprayer Review

Our credit losses have never exceeded 2%: Ramesh Iyer, Mahindra Finance

Talking to ET Now, Ramesh Iyer , VC & MD, Mahindra Finance , says not worried over the overall growth on the asset side because their reach and large customer base is a natural advantage. Your numbers were good, your stock has gone up 10%.

You can read more here: Our credit losses have never exceeded 2%: Ramesh Iyer, Mahindra Finance

Five GST Myths Busted

The goods and services tax (GST) – the biggest tax reform in India – finally came into existence on July 1, 2017, after 17 years of deliberations between successive ruling governments and opposition parties. This article notes five key facts for businesses to clear prevailing misconceptions and myths surrounding the GST.

The post Five GST Myths Busted appeared first on India Briefing News.

Bullish on 2 big pockets of opportunity for next three-four years: Manish Sonthalia, Motilal Oswal Asset Management

Where are you allocating capital disproportionately? What is that three-year secular theme or any business which is at an inflexion point and which you are happy to own? I will not give you the opportunity to talk about unorganised sector becoming organised sector because we have discussed this i

You can read more here: Bullish on 2 big pockets of opportunity for next three-four years: Manish Sonthalia, Motilal Oswal Asset Management

GST sends services activity plunging in July, PMI at 4-year low

NEW DELHI: Business conditions in India’s service economy deteriorated markedly in July following the implementation of the goods and services tax (GST), a private survey showed on Thursday. The Nikkei India Services PMI Business Activity Index plunged from June’s eight-month high of 53.

You can read more here: GST sends services activity plunging in July, PMI at 4-year low

​A good monsoon will bring overall cheer to the rural economy: MR Rao, Bharat Financial

In an interview with ET Now, MR Rao , MD & CEO, Bharat Financial said that," there is no alternative to microfinance companies for the rural poor as of now at least for the small ticket size loans.

You can read more here: ​A good monsoon will bring overall cheer to the rural economy: MR Rao, Bharat Financial

India can lead in terms of approach towards startups: John Chambers, Cisco

In an interview with ET Now's Nayantara Rai, John Chambers , Chairman, Cisco said that he trusts in PM Narendra Modi's leadership and believes that the next 10 years will be excellent for India. Edited Excerpts:

You can read more here: India can lead in terms of approach towards startups: John Chambers, Cisco

Grassroot economy doing very well, expect AUM to touch Rs 50000 cr in 3 years: V Vaidyanathan, Capital First

Talking to ET Now, V Vaidyanathan, Founder & Chairman, Capital First, says nobody is taking anybody’s share. What is happening is the pie at the grassroot is actually growing and that is where the real action is. Why are NBFCs growing at a time when banks are flushed with liquidity?

You can read more here: Grassroot economy doing very well, expect AUM to touch Rs 50000 cr in 3 years: V Vaidyanathan, Capital First

27 lakh business yet to complete GST registration process: GSTN

NEW DELHI: As many as 27 lakh businesses are yet to complete registration on the GSTN portal and the process has to be completed before they file their returns by August 20, the GST Network said today.

You can read more here: 27 lakh business yet to complete GST registration process: GSTN

GST roils gold demand as buyers adjust

Gold demand in India, which vies with China as the world’s biggest user, will hold below a five-year average in 2017 as buyers adjust to a new uniform tax regime, according to the World Gold Council.

You can read more here: GST roils gold demand as buyers adjust

Best yet to come, bullish on 3 themes: Vikas Khemani, Edelweiss Securities

Betting on infra, consumer and BFSI space, says Vikas Khemani , President & CEO, Edelweiss Securities . Talking to ET Now, Khemani says from a long-term investment perspective, it is better to remain invested than do a tactical profit booking kind of move.

You can read more here: Best yet to come, bullish on 3 themes: Vikas Khemani, Edelweiss Securities

Shailendra taught me to focus on sustainability: Bipin Preet Singh, MobiKwik

In the run-up to the grand finale of the ET Startup Awards 2017, your favourite newspaper presents a special series on the lessons that some of India's most celebrated entrepreneurs have learnt from their mentors.

You can read more here: Shailendra taught me to focus on sustainability: Bipin Preet Singh, MobiKwik

Quantifying growth of smartphone adoption in India

With smartphone adoption gaining pace in India, a new report says India is set to increase its domestic localisation rate from 6.1% in 2016 to 25.8% in 2019, which translates to Rs 31,000 crore in value generated through local sourcing and assembly.

You can read more here: Quantifying growth of smartphone adoption in India

Early investors including Nexus onboard with Snapdeal reboot

NEW DELHI: Early investors in Snapdeal have come out in support of the online marketplace's decision to terminate its merger talks with larger rival Flipkart earlier this week, and move forward as an independent entity.

You can read more here: Early investors including Nexus onboard with Snapdeal reboot

VCs baffled by SoftBank's massive $100 billion tech fund

Venture capitalists across Europe are "baffled" and "bewildered" by the size and frequency of the tech investments being made by Japanese tech giant SoftBank.

You can read more here: VCs baffled by SoftBank's massive $100 billion tech fund

Alteria Capital to launch Rs 1000 crore venture debt fund

MUMBAI: Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country's biggest venture debt fund with a corpus of Rs 1,000 crore.

You can read more here: Alteria Capital to launch Rs 1000 crore venture debt fund

Fintech startups like Lendingkart, KredX move towards hybrid lending model

BENGALURU: Several digital lending companies are moving towards a hybrid model that will have them disbursing loans both on their own as well as through financial partners such as banks.

You can read more here: Fintech startups like Lendingkart, KredX move towards hybrid lending model

Amazon, two others get nod for FDI in food retail

NEW DELHI: The government has approved three foreign direct investment proposals in food retail, including that of ecommerce major Amazon, commerce and industry minister Nirmala Sitharaman told Parliament on Wednesday.

You can read more here: Amazon, two others get nod for FDI in food retail

Amish furniture start-up leans on Google trends and market research for launch

LANCASTER, Pa. - What happens when millennial consumer meet Amish traditions? At Wood Pro Expo, business founder Steve Riehl will detail the thinking behind his July 1 launch of Knot & Ore.

You can read more here: Amish furniture start-up leans on Google trends and market research for launch

Digital payments company MobiKwik raises Rs 225 crore from Bajaj Finance

BENGALURU: Digital payment company Mobikwik has raised Rs 225 crore from Bajaj Finance Ltd. The value of the transaction is approximately Rs. 225 Crores, the company said, adding that the conclusion of the transaction is subject to fulfillment of certain conditions in due course.

You can read more here: Digital payments company MobiKwik raises Rs 225 crore from Bajaj Finance

What's driving India Inc's cross-pollination with Israel's cutting-edge technologies?

As the flight descends upon Tel Aviv, the blue coastline parallel to the small city is striking. It's hard to believe there is just one nonstop flight from India to Israel (El Al), considering the number of Indian delegations that have flown to Tel Aviv in the past 18 months.

You can read more here: What's driving India Inc's cross-pollination with Israel's cutting-edge technologies?

Tata Steel to focus on India going forward: N Chandrasekaran

NEW DELHI: Tata Steel's strategic priorities going forward will be to focus on India while pursuing pension restructuring programme in the UK, which it is hopeful of concluding soon, according to company Chairman N Chandrasekaran.

You can read more here: Tata Steel to focus on India going forward: N Chandrasekaran

Odisha illegal mining: Supreme Court asks firms to pay 100 per cent penalty

NEW DELHI: The Supreme Court today said that mining companies in Odisha operating without environmental clearance will have to pay a 100 per cent penalty to the state on the price of illegally extracted iron and manganese ores with effect from 2000-01.

You can read more here: Odisha illegal mining: Supreme Court asks firms to pay 100 per cent penalty

'Snapdeal 2.0' could leave company with 500-600 staffers

NEW DELHI: Snapdeal may trim its workforce to half from the current 1,200 employees over the next few months as it pursues an "independent" path post calling off merger with bigger rival Flipkart, according to company sources.

You can read more here: 'Snapdeal 2.0' could leave company with 500-600 staffers

L&T bags Rs 3,375 crore metro rail project in Mauritius

MUMBAI: Larsen & Toubro has bagged an order worth Rs 3,375 crore to build a metro rail project for the government of Mauritius, the engineering major said on Wednesday. L&T has been upbeat on metro rail projects and is already executing projects in Riyadh and Doha, and 17 locations in India.

You can read more here: L&T bags Rs 3,375 crore metro rail project in Mauritius

Amazon India to set up three more 'Fulfillment Centres'

INDORE: E-commerce major Amazon India will set up three more 'Fulfillment Centres' in the country as a part of its expansion programme by Diwali, it said today.

You can read more here: Amazon India to set up three more 'Fulfillment Centres'

Now own a piece a prime real estate investing a few thousands

RealX, a pune-based fintech start-up, has completed India’s “first fractional ownership” deal in real estate sector. The platform has bought a commercial property in Karad (Maharashtra) by pooling in investments from about 19 investors, RealX officials claimed.

You can read more here: Now own a piece a prime real estate investing a few thousands

RBI cutting rates by 25 bps was the best course to take: B Prasanna, ICICI Securities

Talking to ET Now, B Prasanna, ICICI Securities , says RBI wants to be a little cautious in the stance it takes and make sure that a decision once taken is sustainable with the current economic factors in play.

You can read more here: RBI cutting rates by 25 bps was the best course to take: B Prasanna, ICICI Securities

Steel Authority of India's steel plant posts highest ever production

KOLKATA: Steel Authority of India's IISCO Steel Plant (ISP) posted its highest ever production of crude steel at 146025 tonne in July taking its total saleable steel figure to an all time high of 140401 tonne.

You can read more here: Steel Authority of India's steel plant posts highest ever production

Wipro invests undisclosed amount in automated testing co Tricentis

BENGALURU: Wipro said its venture capital arm had made a strategic investment in automated testing company Tricentis as part of a partnership to boost its quality engineering business.

You can read more here: Wipro invests undisclosed amount in automated testing co Tricentis

L&T, Reliance Infrastructure to bag Mumbai metro orders of rs 1,300 crore each

MUMBAI: Larsen & Toubro and Reliance Infrastructure are set to bag orders worth Rs 1,300 crore each for Mumbai metro project jobs, people close to the development told ET.

You can read more here: L&T, Reliance Infrastructure to bag Mumbai metro orders of rs 1,300 crore each

25 bps cut is on expected lines: Rajnish Kumar, SBI

Talking to the ET Now, Rajnish Kumar , MD, SBI , says of the committee which RBI is going to appoint is to look at the rigidity which is built into the formula for base rate and MCLR. A 25 bps rate cut is here the stance remains neutral.

You can read more here: 25 bps cut is on expected lines: Rajnish Kumar, SBI

I am glad that RBI has stuck to the script: SK Ghosh, SBI

In an exclusive chat with ET Now, SBI's SK Ghosh said that 25 bps rate cut was as per the market expectation.

You can read more here: I am glad that RBI has stuck to the script: SK Ghosh, SBI

Room for rates to go down further, but it may be delayed: Nilesh Shah, Kotak AMC

Talking to ET Now, Nilesh Shah, MD, Kotak AMC, says D-Street will be divided on rate cut.

You can read more here: Room for rates to go down further, but it may be delayed: Nilesh Shah, Kotak AMC

'Rate cut of 25 bps not exactly a very strong kind of policy'

On the RBI credit policy, Mythili Bhusnurmath, Consulting Editor, ET NOW, said market will feel some sort of disappointment. ET Now: I want your reaction very quickly they have pretty much played by the script.

You can read more here: 'Rate cut of 25 bps not exactly a very strong kind of policy'

Possibility of another 25% cut if inflation continues to remain low: Keki Mistry, HDFC

In an exclusive chat with ET Now, Keki Mistry, VC & CEO, HDFC said we are unlikely to see any significant pick up in private sector investment.

You can read more here: Possibility of another 25% cut if inflation continues to remain low: Keki Mistry, HDFC

Thyssenkrupp works council chief unaware of any breakup options

FRANKFURT: The works council chief of Thyssenkrupp is not aware of any examination by the German industrial group of a possible break-up, he told Reuters on Wednesday.

You can read more here: Thyssenkrupp works council chief unaware of any breakup options

Skilsaw Reciprocating Saw Review – SPT44A-00

Skilsaw is a manufacturer that has been around for decades.  In fact, they created the worm drive saw.  The worm drive is the saw that built America.  If you aren’t familiar with their story, Bosch recently sold them to a company called Chervon.

You can read more here: Skilsaw Reciprocating Saw Review – SPT44A-00

We have been growing at 38% a year for 24 quarters now: Rashesh Shah, Edelweiss Financial

Talking to ET Now, Rashesh Shah, Edelweiss Financial, says that along with credit, they also have a very robust franchise and advisory business which really boosted the ROE and the quality of earnings.

You can read more here: We have been growing at 38% a year for 24 quarters now: Rashesh Shah, Edelweiss Financial

Bullish on four-wheelers in near as well as long term: Sanjay Sinha, Citrus Advisors

Talking to ET Now, Sanjay Sinha , Founder, Citrus Advisors , says he would wait for a couple of months before being fully convinced that we are seeing a strong rebound in the sale of two-wheelers.

You can read more here: Bullish on four-wheelers in near as well as long term: Sanjay Sinha, Citrus Advisors

Stage set for 25 bps cut but RBI forward guidance very important: Upasna Bhardwaj, Kotak Mahindra Bank

Talking with ET Now, Mythili Bhusnurmath , Consulting Editor and Upasna Bhardwaj , Economist, Kotak Mahindra Bank discuss the expectations from the monetary policy and the impact of a rate cut in capital flows into India.

You can read more here: Stage set for 25 bps cut but RBI forward guidance very important: Upasna Bhardwaj, Kotak Mahindra Bank

Cost of funds at 5.1% lowest in the industry: Sunil Mehta, PNB

In an exclusive interview with ET Now, Sunil Mehta, MD & CEO, PNB, said lower cost of funds and better yields have contributed to growth in NII. ET Now: Congratulations, it seems like a good set of numbers the profits have grown better at 12.

You can read more here: Cost of funds at 5.1% lowest in the industry: Sunil Mehta, PNB

State of Startups 2017

State of Startups 2017

You can read more here: State of Startups 2017

Zoomcar launches HOP, one-way intercity self-drive

Self-drive car rental company, Zoomcar, on Tuesday launched Hop - the one-way intercity self-drive service.

You can read more here: Zoomcar launches HOP, one-way intercity self-drive

GST Timeline: 2000-2017

A historical timeline of the key developments and concerns, including political actors involved, legislative decision-making, constitutional amendments, and economic judgments — that culminated in the implementation of the Goods and Services Tax (GST) in India from July 1, 2017.

The post GST Timeline: 2000-2017 appeared first on India Briefing News.

State of Startups: India's top funded companies for 2017

In the investing and venture capital community, there is a concept of spray and pray. This is essentially about making a lot of investment, mostly smaller in size, across many companies and hoping some of the bets you placed yield substantial result.

You can read more here: State of Startups: India's top funded companies for 2017

Coal India's April-July output at 155 mt, misses target by 13 mt

NEW DELHI: State-owned Coal India (CIL) produced 155.4 million tonnes of coal in April-July of 2017- 18, missing the target by 12.6 mt. The production goal for April-July was 168 mt, Coal India said in a filing to the BSE today.

You can read more here: Coal India's April-July output at 155 mt, misses target by 13 mt

Betting on 2 themes; big flows coming in large-cap, multi-cap and hybrid funds: Mahesh Patil, Birla Sun Life MF

What is at inflection point, which company, sector, theme or earnings pocket is at an inflection point? We have seen the consumer and consumer discretionary sector is clearly at the inflection point.

You can read more here: Betting on 2 themes; big flows coming in large-cap, multi-cap and hybrid funds: Mahesh Patil, Birla Sun Life MF

This startup has a breakthrough alternative for lithium-ion batteries

SAN FRANCISCO: A startup company is trying to turbocharge a type of battery that has been a mainstay for simple devices like flashlights and toys, but until now has been ignored as an energy source for computers and electric cars.

You can read more here: This startup has a breakthrough alternative for lithium-ion batteries

Click2Clinic acquires Home Health Care for Rs 4 crore

HYDERABAD: Health technology startup Click2Clinic has acquired Home Health Care, an agency that offers home healthcare services in Bengaluru, for approximately Rs 4 crore in an all-stock deal, reports Our Bureau.

You can read more here: Click2Clinic acquires Home Health Care for Rs 4 crore

Shekhar Kirani showed me how to look at ideas from different angles: Girish Mathrubootham, Freshworks

In the run-up to the grand finale of the ET Startup Awards 2017, your favourite newspaper presents a special series on the lessons that some of India's most celebrated entrepreneurs have learnt from their mentors. My first mentor was Zoho co-founder Kumar Vembu.

You can read more here: Shekhar Kirani showed me how to look at ideas from different angles: Girish Mathrubootham, Freshworks

Edutech startup Leverage raises seed funding

BENGALURU: Education technology platform Leverage has secured an undisclosed amount in seed funding from a clutch of investors, including Apple finance executive Arjun Mehta; Hypertrack founder Kashyap Deorah and VRL Logistics managing director Anand Sankeshwar.

You can read more here: Edutech startup Leverage raises seed funding

Flipkart takes over eBay.in after merger talks conclude

BENGALURU: Flipkart took over eBay.in on Tuesday, after the two companies concluded the merger announced in April at the time of the Indian ecommerce company raising a $1.4-billion funding from eBay, Microsoft and Tencent.

You can read more here: Flipkart takes over eBay.in after merger talks conclude

Expect GST to reduce costs: Seshagiri Rao, JSW Steel

In an exclusive interview with ET Now, Seshagiri Rao, Joint MD & Group CFO, JSW Steel, said he expects at least 0.25 rate cut would happen. Seshagiri Rao: In fact because GST was coming in from 1st of July, we had seen lot of destocking which has happened starting from June.

You can read more here: Expect GST to reduce costs: Seshagiri Rao, JSW Steel

BookMyShow acquires audio and video on-demand platform Nfusion

MUMBAI: Online entertainment ticketing company BookMyShow is all set to sing a new tune. The Mumbai-based firm has acquired audio and video on-demand platform Nfusion for an undisclosed amount in an all-cash deal.

You can read more here: BookMyShow acquires audio and video on-demand platform Nfusion

Top exits begin at Snapdeal as deal with Flipkart gets called off

NEW DELHI: After the announcement of major layoff with an agenda to cut down 80% of its employee strength in the company, Snapdeal on Tuesday witnessed exit from many senior members from technology, product and engineering division.

You can read more here: Top exits begin at Snapdeal as deal with Flipkart gets called off

Paytm to launch chat feature in mobile app

BENGALURU: Digital payments company Paytm will launch a chat facility built into its mobile app which will allow user-to-user communication. The feature is expected to be launched later this month, a person aware of the development told ET.

You can read more here: Paytm to launch chat feature in mobile app

Our book size will be Rs 10,000 crore in 5 years: Govind Singh, Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is looking to tap into multiple opportunities after it started operations in January as the first commercial bank head quartered in the Hindi heartland, its managing director Govind Singh told Joel Rebello in an interview.

You can read more here: Our book size will be Rs 10,000 crore in 5 years: Govind Singh, Utkarsh Small Finance Bank

We are clearly a couple of years away from peak equity valuations: S Naren, ICICI Pru AMC

S Naren, executive director at ICICI Prudential AMC , believes that asset allocation is very important as shares race to record highs almost every day. The lights are not flashing red yet, he says using a traffic light analogy. But they are not green either.

You can read more here: We are clearly a couple of years away from peak equity valuations: S Naren, ICICI Pru AMC

TJMax ventures into off-price furniture with new Homesense chain

FRAMINGHAM, Mass. - Homesense, a new off-price home concept from The TJX Companies, Inc. (NYSE: TJX), will open its initial U.S. store this August in Framingham, MA.   With four store openings planned by the end of 2017, Homesense will offer on-trend, high-quality home merchandise at a great value.

You can read more here: TJMax ventures into off-price furniture with new Homesense chain

Supreme Court to decide on Odisha's mining matter

BHUBANESHWAR: The fate of some of the country’s largest iron ore mines, and a Rs 60,000 crores claim the Odisha government is seeking from them, will be decided by the Supreme Court. Whichever way it goes, Wednesday's order will have far-reaching repercussion for India’s mining sector.

You can read more here: Supreme Court to decide on Odisha's mining matter

Sales may surge to $1.5 billion as Flipkart, Amazon plan flagship sales in September

BENGALURU: If you are looking forward to an extended annual festive season this year, so are Amazon India and Flipkart.

You can read more here: Sales may surge to $1.5 billion as Flipkart, Amazon plan flagship sales in September

Residential furniture orders up 8% in May

HIGH POINT, N.C. - Residential furniture orders rose 8% in May compared to the year prior, and 7% higher than April orders, 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 8% in May

DIY Mid-Century Modern Media Cabinet

As of recently, I have been finding myself completely obsessed with mid-century modern sideboards and media cabinets. It’s almost like a disease. I just stare at them and wish I could afford the upwards of $1,000 price tag that exists on some of these beautiful units.

You can read more here: DIY Mid-Century Modern Media Cabinet

Wooden Shoes

As my friend Ian Kirby has told me, there was a time that we used wood for nearly everything we needed. Buckets, kitchen utensils, wheels, sidewalks — you name it. Now we have materials and manufacturing methods that make wood obsolete for many things.

You can read more here: Wooden Shoes

NCLT to pronounce Essar Steel’s insolvency order on Wednesday

AHMEDABAD: National Company Law Tribunal (NCLT), Ahmedabad will pronounce its order on Wednesday on petitions filed by State Bank of India (SBI) and Standard Chartered Bank (SCB) for initiating of insolvency proceeding under Insolvency & Bankruptcy Code (IBC) against the steel major, Essar Steel.

You can read more here: NCLT to pronounce Essar Steel’s insolvency order on Wednesday

Festool Begins Guide Rail Production in America

After 11 years, it’s finally happened: Festool officially announced last month that it has begun to make its aluminum guide rails for track saws, routers and jigsaws in its Lebanon, Indiana, headquarters. This marks the first Festool products that are made in America.

You can read more here: Festool Begins Guide Rail Production in America

Snapdeal's first investor Kenneth Glass backs founders

Kenneth Glass, one of the first investors in Snapdeal told ET NOW in an email statement that he is excited about the company introducing Snapdeal 2.0, a strategy that will see a stripped down version of Snapdeal with far fewer resources and focus on profitability.

You can read more here: Snapdeal's first investor Kenneth Glass backs founders

Holding Down Smaller Nails

Short brads can be difficult to hold with your fingers in order to start with a hammer, so here’s one solution to spare you a bruised thumb: Just fold a piece of painter’s tape over on itself and push the nail through it.

You can read more here: Holding Down Smaller Nails

Quick Caps for Clamps

If the adjustable jaws of your F-style or C-clamps don’t have a protective cover on their heads, I’ve found that the caps of soft drinks or bottled water can fit quite well. They’ll prevent the metal clamp head from marring the wood, and they’re actually quite durable for this application.

You can read more here: Quick Caps for Clamps

All-in-one Cabinet – Small Shop Storage

The “All-in-one Cabinet for the Small Shop” shown here is from the April 2001 issue of Popular Woodworking Magazine. And although the design looks a bit outdated (which could be easily addressed by simply changing out the handles), we still use this cabinet in our shop.

You can read more here: All-in-one Cabinet – Small Shop Storage

Rockler Material Mate Panel Cart

The Rockler Material Mate Panel Cart/Shop Stand provides a safe, easy way to transport 4 x 8 sheet goods from your truck or lumber rack to your table saw. Its tilting top allows convenient loading if you store your sheet stock on edge — a common space-saving practice in small shops.

You can read more here: Rockler Material Mate Panel Cart

Rob, What Shop Floor Will You Pick?

What is Rob planning to use for the floor in his new shop? I will be moving in a year or so (downsizing) and will have a concrete floor. In my current shop, I had an epoxy put down and it has held up well. Now I am wondering if hardwood or tile might be better. Your thoughts? – Jim Malach

You can read more here: Rob, What Shop Floor Will You Pick?

Homemade Wooden Putter

Here’s how I’ve combined my two hobbies, golf and woodworking. I use a lot of reclaimed and found wood in my projects, breaking down old, damaged furniture, pianos, sheds , etc, into usable lumber.

You can read more here: Homemade Wooden Putter

Companies Act (Amendment) Bill, 2017 Approved by Lower House of Parliament

The lower house of India's parliament has approved the Companies Act (Amendment) Bill, 2017. In this article, we highlight some of the important amendments proposed to the Companies Act of 2013 as the 2017 Bill heads to the upper house for the next phase in the law-making process.

The post Companies Act (Amendment) Bill, 2017 Approved by Lower House of Parliament appeared first on India Briefing News.

Tata Steel completes the sale of pipe mills to Liberty House Group

Tata Steel UK has said it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.

You can read more here: Tata Steel completes the sale of pipe mills to Liberty House Group

Healthtech startup Click2Clinic acquires home health care service agency for Rs 4 crore

Health technology startup Click2Clinic has acquired Home Health Care, an agency which offers home health care services in Bengaluru, for approximately Rs 4 crore in an all-stock deal.

You can read more here: Healthtech startup Click2Clinic acquires home health care service agency for Rs 4 crore

BookMyShow acquires Nfusion to boost audio entertainment offerings

MUMBAI: Online entertainment ticketing company BookMyShow is all set to sing a new tune. The Mumbai-based firm has acquired audio and video on-demand platform Nfusion for an undisclosed amount in an all cash deal.

You can read more here: BookMyShow acquires Nfusion to boost audio entertainment offerings

We will continue to keep our focus on the value added product: AS Mehta, JK Paper

In an interview with ET Now,AS Mehta, President, JK Paper said that,"as far as the paper industry and the growth outlook is concerned India is going to be the fastest growing paper market so the Indian paper industry will see a growth of something around 6% to 7%.

You can read more here: We will continue to keep our focus on the value added product: AS Mehta, JK Paper

For long-term gain, we need to remain invested in equities: Amit Nigam, Peerless MF

Talking to ET Now, Amit Nigam , Head-Equity, Peerless MF , says the first quarter was a first bit of disruption where the trade channel was not so aware of how the business would be conducted in times to come. The market clearly seems to be on steroids right now.

You can read more here: For long-term gain, we need to remain invested in equities: Amit Nigam, Peerless MF

Paytm to launch chat feature, takes on Whatsapp

BENGALURU: Paytm is expected to launch a chat messenger in its app to allow its user base of over 230 million to communicate more seamlessly within its network, according to sources familiar with the development.

You can read more here: Paytm to launch chat feature, takes on Whatsapp

Financial services to dominate for some time: Ajay Piramal, Piramal Enterprises

Talking to ET Now, Ajay Piramal, Piramal Enterprises, says among BSE 100 companies, is amongst the top five in a five-year period in terms of top line as well as profitability. How has Piramal Enterprises performed?

You can read more here: Financial services to dominate for some time: Ajay Piramal, Piramal Enterprises

Milwaukee M18 Hedge Trimmer 2726-21HD

Ah, the hedge trimmer.  The hedge trimmer is like finish carpentry.  You can mow your grass, blow everything off the walks, but it’s not until you clean up your bushes do you really have the final touches on your lawn.  Well, Milwaukee is here to help with their new M18 hedge trimmer.

You can read more here: Milwaukee M18 Hedge Trimmer 2726-21HD

US small business borrowing highest in nearly two years

Borrowing by small US companies hit a nearly two-year high in June, driven by restaurants and hotels, PayNet Inc said on Tuesday, as businesses invested to meet customer demand. The Thomson Reuters/PayNet Small Business Lending Index for June rose to 139.

You can read more here: US small business borrowing highest in nearly two years

Former Snapdeal Senior VP Vivek Patankar joins TFS as CFO

MUMBAI: As the news of Snapdeal trimming its worksforce following its withdrawal from a deal with Flipkart gathers steam, the beleaguered e-commerce firm's Senior VP Vivek Patankar has joined Travel Food Services (TFS) as its CFO.

You can read more here: Former Snapdeal Senior VP Vivek Patankar joins TFS as CFO

We are confident of maintaining very healthy growth rates: Anil Pant, Aptect

In an interview with ET Now, Anil Pant , MD & CEO, Aptech said that, "we have a 100% placement record in our media and entertainment business in aviation, hospitality and retail, in banking and finance." Edited excerpts:

You can read more here: We are confident of maintaining very healthy growth rates: Anil Pant, Aptect

Betting on 2 long-term wealth creation ideas: Ashish Kapur, Invest Shoppe India

Talking to ET Now, Ashish Kapur , CEO, Invest Shoppe India , says bulish on Kridhan Infra and Axiscades Engineering in the long term. What is your first pick?

You can read more here: Betting on 2 long-term wealth creation ideas: Ashish Kapur, Invest Shoppe India

GST impact of destocking is between 15 to 20 crores: Mithun Chittilappilly, V-Guard Industries

ET Now: Q1 has looked rather weak.

You can read more here: GST impact of destocking is between 15 to 20 crores: Mithun Chittilappilly, V-Guard Industries

In the last five years we have grown at 2% more than the industry: Apurva Purohit, Music Broadcast

ET Now: Employee cost was significantly higher but the margins came in at 31.5% growing with profits are healthy 10.8 crore.

You can read more here: In the last five years we have grown at 2% more than the industry: Apurva Purohit, Music Broadcast

Didi Chuxing announces tie-up with Uber's European rival Taxify

HONG KONG: Chinese ride-sharing firm Didi Chuxing said on Tuesday it would invest and collaborate with European ride-sharing firm, Taxify, in a strategic partnership. Taxify, a rival to San Francisco-based Uber Technologies, is an Estonian company founded in 2013 that has 2.

You can read more here: Didi Chuxing announces tie-up with Uber's European rival Taxify

Markets are heading for a bubble: Pramod Gubbi, Ambit Capital

Where do you think there is either a burst, bubble or a blow out about to happen.

You can read more here: Markets are heading for a bubble: Pramod Gubbi, Ambit Capital

We have been able to restructure most of our network business: CP Gurnani, Tech Mahindra Management

In an exclusive conversation with ET Now, CP Gurnani , MD & CEO and Manoj Bhat , Deputy CFO of Tech Mahindra Management talks about the company's earnings, their future plans and more. Edited excerpts: ET Now: Tech Mahindra churned out strong set of numbers in the first quarter.

You can read more here: We have been able to restructure most of our network business: CP Gurnani, Tech Mahindra Management