Fast-fashion Zara goes online to get festive boost

NEW DELHI: Spanish fast-fashion retailer Zara opened its online store in India on Wednesday , seven years after opening its first physical store. But it's just in time for the festive season.

You can read more here: Fast-fashion Zara goes online to get festive boost

AI that can help you shop, order food and hire a cab

NEW DELHI: The battle between virtual assistants is set to escalate with Amazon launching its Alexa voice as sistant in India. India is the fourth market after US, UK and Germany where Amazon has launched the Alexa powered Echo, its smart speaker. Japan is next in line.

You can read more here: AI that can help you shop, order food and hire a cab

Myntra confident of turning profitable by fiscal-end

NEW DELHI: Flipkart-owned Myntra today said it is confident of hitting profitability by the end of this fiscal, as it ramps up offline presence for its partners like Mango and Esprit across the country.

You can read more here: Myntra confident of turning profitable by fiscal-end

Local recommendations platform Little Black Book raises Rs 6.5 crore

MUMBAI: Local recommendations platform for places, services and events Little Black Book (LBB) has raised Rs 6.5 crore in its third institutional funding round. The round, which was led by Blume Ventures, also saw participation from existing investors including IDG Ventures and Indian Angel Network.

You can read more here: Local recommendations platform Little Black Book raises Rs 6.5 crore

MRL Posnet's Kishore Kothapalli shows an old-fashioned way to riches

CHENNAI: For Kishore Kothapalli, an avowedly old-school entrepreneur discomfited by the mere thought of diluting his equity to get cash for operations, profitability ranked up there with technology and scalability as the cornerstones of his business.

You can read more here: MRL Posnet's Kishore Kothapalli shows an old-fashioned way to riches

Zefo goes for a makeover with Rs 60 crore from Sequoia

BENGALURU: Refurbished furniture and appliance marketplace Zefo has secured Series-B funding of Rs 60 crore from existing investors Sequoia Capital India, Helion Venture Partners and Beenext.

You can read more here: Zefo goes for a makeover with Rs 60 crore from Sequoia

Next great battle to wage between Google and Amazon over AI computing

Every new era of computing has had its hallmark rivalry. IBM versus Digital. Apple versus IBM. Mac versus Windows. iPhone versus Android.

You can read more here: Next great battle to wage between Google and Amazon over AI computing

Interoperability to soon give wings to mobile wallets like Paytm, MobiKwik

BENGALURU: You will finally be able to use digital wallets like how you use phones--in this case, to seamlessly make or receive payments to or from others irrespective of what digital wallets they use. But opinion is divided on whether this is a boost for wallet providers or if it has come too late.

You can read more here: Interoperability to soon give wings to mobile wallets like Paytm, MobiKwik

NCLT admits plea against Sirpur Paper, Nizam Deccan

HYDERABAD: The National Company Law Tribunal (NCLT) has admitted petitions to initiate insolvency proceedings against two Telangana-based companies — Sirpur Paper Mills and Nizam Deccan Sugars.

You can read more here: NCLT admits plea against Sirpur Paper, Nizam Deccan

PROJECT: Build a Mission Coffee Table

When a new couch and loveseat for our living room dictated a new coffee table to fit the L-shaped arrangement, she knew what was important. She often watches TV from that vantage point and wanted to be able to rest her legs on the table, in lieu of a vetoed recliner.

You can read more here: PROJECT: Build a Mission Coffee Table

How professors at IITs are improving India's solar power efficiencies

The IIT campus was not ready when Saroj Nayak moved to Bhubaneswar from the US in 2012. The condensed matter physicist had been a professor at Renssealer Polytechnic when IIT Bhubaneswar made him a job offer.

You can read more here: How professors at IITs are improving India's solar power efficiencies

PhonePe raises over Rs 254 crore from Flipkart Payments

NEW DELHI: PhonePe, the digital payments arm of e-commerce giant Flipkart, has raised over Rs 254 crore from Singapore-based Flipkart Payments, according to documents filed with the Corporate Affairs Ministry. According to the documents, Flipkart Payments has been allotted 17.

You can read more here: PhonePe raises over Rs 254 crore from Flipkart Payments

Herman Miller named best place to work for working mothers

ZEELAND, Mich. - Michigan-based office furniture giant Herman Miller has been named to Working Mother's 100 Best Companies for Leadership in Family Benefits for the seventh time.

You can read more here: Herman Miller named best place to work for working mothers

DIY Wooden iPhone Docking Station

Now that I have an office, I’ve been looking for cool ways to decorate without breaking the bank. I’ve always admired simplistic design, and decided it was time to make a docking station for my iPhone.

You can read more here: DIY Wooden iPhone Docking Station

Indian-origin steel tycoon Sanjeev Gupta revives mothballed Tata unit in UK

LONDON: Indian-origin businessman Sanjeev Gupta today reactivated a unit at one of his British steelworks mothballed by Tata Steel UK at the height of a crisis in the global steel industry.

You can read more here: Indian-origin steel tycoon Sanjeev Gupta revives mothballed Tata unit in UK

Amazon to introduce Alexa, Echo speakers starting Rs 4499

Amazon on Wednesday announced that Alexa, the brain that powers Amazon Echo speakers, is coming to India, along with three Alexa-enabled devices - Echo, Echo Plus, and Echo Dot.

You can read more here: Amazon to introduce Alexa, Echo speakers starting Rs 4499

Government is supporting GIC in a big way: Alice G Vaidyan, GIC India

Talking to ET Now, Alice G Vaidyan, GIC India, says at this point in time, almost 30% of the total book of Rs 33741 crore is from international markets. You are a PSU insurer and you do enjoy the first right of refusal when it comes to reinsurance business.

You can read more here: Government is supporting GIC in a big way: Alice G Vaidyan, GIC India

In six months, a Paytm user can transact with a MobiKwik user

In six months a Paytm wallet user would technically be able to transact with a Mobikwik or Freecharge user and vice versa.

You can read more here: In six months, a Paytm user can transact with a MobiKwik user

Hilti Power Tools – The Hilti Media Event

If you are in the trades you have heard of Hilti Power Tools.  Chances are you have even used some of their tools on the jobsite.  For those who may be new to construction or looking to get in the Hilti line of power tools, you should know a couple things about Hilti.

You can read more here: Hilti Power Tools – The Hilti Media Event

A quarter per cent rate cut would not have made any major impact on demand: Keki Mistry, HDFC

Talking to ET Now, Keki Mistry, Vice Chairman & CEO, HDFC, says compared to October last year, rates are already down by 125-130 bps reduction. From your stand point, do you think the credit policy is more like a no event?

You can read more here: A quarter per cent rate cut would not have made any major impact on demand: Keki Mistry, HDFC

Godrej Agrovet plans to grow very rapidly both organically and non-organically, says MD

Post IPO, the promoter holding that is Godrej Industries and Godrej Family will be close to about 69%. Talking to ET Now, Balram Singh Yadav , MD, Godrej Agrovet , says in last 16 years, CAGR for Godrej Consumer Products is about 35% in valuation and about 40% in Godrej Industries and valuation.

You can read more here: Godrej Agrovet plans to grow very rapidly both organically and non-organically, says MD

India’s credit rating held back by relatively low fiscal strength compared to peers: William Foster, Moody's

Talking to ET Now, William Foster, Moody's Investors Service, points out that the debt level that India currently holds is at about 68% of GDP relative to about 44% for that peer group.

You can read more here: India’s credit rating held back by relatively low fiscal strength compared to peers: William Foster, Moody's

Shutting Down India’s Shell Companies – Government Continues Anti-Corruption Drive

The Prime Minister’s Office (PMO) recently formed a team of top law enforcement officials to crackdown on shell companies. The article discusses the government's latest moves in its anti-corruption drive.

The post Shutting Down India’s Shell Companies – Government Continues Anti-Corruption Drive appeared first on India Briefing News.

BHEL pays 79% dividend for 2016-17, highest in 3 years

NEW DELHI: State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has paid a final equity dividend of 39 per cent for 2016-17.

You can read more here: BHEL pays 79% dividend for 2016-17, highest in 3 years

Our growth rate has been higher than peers: VS Parthasarathy, M&M

Reports suggest that M&M plans to double global revenue from farm equipment to $5 billion by 2019. One would think that the string of pulse strategy that you followed would perhaps help in reaching that target.

You can read more here: Our growth rate has been higher than peers: VS Parthasarathy, M&M

GST implementation going to be biggest trigger for next 6 months: Jinesh Gopani, Axis MF

Talking to ET Now, Jinesh Gopani , Head - Equities, Axis Mutual Fund , says It is better to play the corporate banks story rather than the leveraged plays and that one has to be very stock specific in pharma and consumer theme.

You can read more here: GST implementation going to be biggest trigger for next 6 months: Jinesh Gopani, Axis MF

GST implementation going to be biggest trigger for next 6 months: Jinesh Gopani, Axis MF

Talking to ET Now, Jinesh Gopani , Head - Equities, Axis Mutual Fund , says It is better to play the corporate banks story rather than the leveraged plays and that one has to be very stock specific in pharma and consumer theme.

You can read more here: GST implementation going to be biggest trigger for next 6 months: Jinesh Gopani, Axis MF

Uber CEO Dara Khosrowshahi tackles challenges with board battle, London regulator

SAN FRANCISCO: Uber Technologies Inc Chief Executive Dara Khosrowshahi, little more than a month on the job, on Tuesday addresses two big challenges - London's threat to ban the ride-hailing service and a board battle over the influence of co-founder Travis Kalanick and investment by Japan's SoftBan

You can read more here: Uber CEO Dara Khosrowshahi tackles challenges with board battle, London regulator

Uber board votes in favor of SoftBank deal, governance changes

SAN FRANCISCO: Uber Technologies Inc directors on Tuesday voted to allow Japan's SoftBank Group to invest in the ride services company and approved a series of governance changes that increases the independence of the board and decreases the influence of former Chief Executive Officer Travis Kalanic

You can read more here: Uber board votes in favor of SoftBank deal, governance changes

Microfinance institutions are struggling for survival. Here's why

Four summers back, the plain-speaking Reserve Bank of India deputy governor KC Chakrabarty declared in a Kolkata conference that micro lenders may become irrelevant if banks turn efficient.

You can read more here: Microfinance institutions are struggling for survival. Here's why

Advance Authority for Rulings in demand to clear doubts on GST

MUMBAI: A few senior tax officials and corporates have requested the government to start Advance Authority for Rulings as early as possible to clear doubts on goods and services tax (GST), as this will prevent companies and associations from approaching courts for clarity.

You can read more here: Advance Authority for Rulings in demand to clear doubts on GST

How do co-working spaces alter working styles of employees?

How much has your work style altered since you entered a co-working space?

You can read more here: How do co-working spaces alter working styles of employees?

iSPIRT co-founder Avinash Raghava joins Accel Partners

BENGALURU: Avinash Raghava, cofounder of software think tank iSPIRT, has joined Accel Partners as a community platform evangelist to mentor the venture capital firm's portfolio companies as well as other startups.

You can read more here: iSPIRT co-founder Avinash Raghava joins Accel Partners

IndiaMart has own payment gateway for suppliers, buyers

NEW DELHI: In a bid to promote adoption of digital payments among small and medium enterprises, IndiaMart has introduced a payment gateway for its 3 million suppliers and over 40 million buyers, reports Surabhi Agarwal.

You can read more here: IndiaMart has own payment gateway for suppliers, buyers

Paytm Bank sees Rs 2 crore sales, losses at Rs 30 crore

BENGALURU: Paytm Payments Bank has seen a turnover of Rs 2 crore, while its losses stood at Rs 30 crore for the period between August-end 2016 and March 2017, as per its financial documents. The firm was registered last year but started operations earlier this year in May.

You can read more here: Paytm Bank sees Rs 2 crore sales, losses at Rs 30 crore

You can read more here:

Japan's Digital Garage backs Bengaluru-based Elanic

NEW DELHI: Tokyo-based incubator and venture capital investor Digital Garage, which is an early investor in Twitter, has made an undisclosed round of investment in Bengaluru-based Elanic, an online platform that allows users to sell their used clothes online.

You can read more here: Japan's Digital Garage backs Bengaluru-based Elanic

Digital transaction preferred payment option during ecommerce sales

BENGALURU: Digital transactions trumped cash on delivery as India's preferred payment option for online purchases during this year's mega festive sales, signalling a maturing of customers and significant progression for the electronic marketplace and payments sectors.

You can read more here: Digital transaction preferred payment option during ecommerce sales

Ten days after first festival, Amazon relaunches 80% online sale

Just a mere 10 days after the first leg of its Great Indian Festival concluded, Amazon India has launched another round of online sales starting today. And much like its antecessor, the five-day festival is offering discounts up to 70% on a range of products across top brands.

You can read more here: Ten days after first festival, Amazon relaunches 80% online sale

Slap a Little Oil On It

I am curious about woodworkers and their finishing habits. One reason is that I get more questions about finishing than any other topic. And yet, when I tell people you should check out this book or watch that DVD to learn how to really do a good job finishing — there is really no interest.

You can read more here: Slap a Little Oil On It

Flipkart stole the show although Amazon ran twice as many ads

NEW DELHI | KOLKATA: Amazon India ran two times more television advertising than rival Flipkart during the festive season, according to latest data from television audience measurement firm BARC India, even though research reports suggest that Flipkart generated more than double the business of the

You can read more here: Flipkart stole the show although Amazon ran twice as many ads

VIDEO: How to Cut Half-Lap Joints

Chris Marshall explains the process of creating half-lap joints for frame joinery. Kimberly McNeelan used this technique to create her dog dish holder in the September/October issue of Woodworker’s Journal.

You can read more here: VIDEO: How to Cut Half-Lap Joints

Adani aims to tie-up funding for Australia project by March

MUMBAI: Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds.

You can read more here: Adani aims to tie-up funding for Australia project by March

Readers’ Project Drawing and Design Methods

In last issue’s eZine, Rob mentioned that he has not yet learned SketchUp – but plans to, in order to design his new shop. He wondered how other eZine readers draw and design their projects. We heard some praises of SketchUp. – Editor

You can read more here: Readers’ Project Drawing and Design Methods

InnoVen Capital names former GE Capital India CEO Ashish Sharma as its new country head

NEW DELHI: InnoVen Capital, the country’s largest venture debt provider, has named Ashish Sharma as the new chief executive of its Indian operations, a little over three months after two of its original co-heads quit the Temasek-backed firm.

You can read more here: InnoVen Capital names former GE Capital India CEO Ashish Sharma as its new country head

Chess Board

A slight variation on an old Woodworker’s Journal plan, but I was happy with end result. I added a piece between the drawer rail and outside rail on the ends to make it a little more stable.

You can read more here: Chess Board

Adani's Australian ventures have tax haven ties to British Virgin Islands: Report

CANBERRA: An investigation by the Australian Broadcasting Corporation (ABC) has alleged that the Adani Group's Australian operations have "previously unknown tax haven ties in the British Virgin Islands".

You can read more here: Adani's Australian ventures have tax haven ties to British Virgin Islands: Report

Roger Myers: Woodworking as a Second Career

For Roger Myers, woodworking is a second career.

You can read more here: Roger Myers: Woodworking as a Second Career

Kiewit Looks to More than $13 Billion in Fourth-Quarter Kickoffs, Completions

SUGAR LAND--September 28, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Kiewit Corporation (Omaha, Nebraska), a global provider of engineering, procurement and construction (EPC) services, is at work on a variety of projects in North America's Oil & Gas Production, Power Genera

You can read more here: Kiewit Looks to More than $13 Billion in Fourth-Quarter Kickoffs, Completions

Milwaukee M18 FUEL™ 7-1/4-in. Sliding Miter Saw

At only 28 lbs. with battery, the M18 FUEL™ 7-1/4-in. Dual Bevel Sliding Compound Miter Saw is designed for extreme portability.

You can read more here: Milwaukee M18 FUEL™ 7-1/4-in. Sliding Miter Saw

Best Coffee Table Finish?

I have just built a sycamore coffee table. I’m now confused on the finish. What would you suggest or do in my shoes please? Can you use pure olive oil as I have seen it done on YouTube? – Danny Barrow  Tim Inman: Sycamore, properly cured and dry, will finish much as any other hardwood.

You can read more here: Best Coffee Table Finish?

Black+Decker™ LIGHTDRIVER™ Screwdriver

The BLACK+DECKER ™ LightDriver™ is a new 4V MAX* lithium-ion screwdriver with an integrated LED flashlight for working in dark project areas like cabinets and drawers. The battery will hold a charge for up to 18 months so that the screwdriver is ready for last-minute projects.

You can read more here: Black+Decker™ LIGHTDRIVER™ Screwdriver

Expect market to be in range over next 6-9 months: Pankaj Sharma

Talking to ET Now, Pankaj Sharma , Market Expert, says he does not expect market to give a plus/minus 10% in next 6 months. Do you sense a 5% upside for the index in this festive month of Diwali festivities?

You can read more here: Expect market to be in range over next 6-9 months: Pankaj Sharma

E-commerce Wins Big in Festive Shopping Season, Gujarat Hub for E-Vehicles – India Market Watch

In this week's Market Watch, we discuss the boost to India's retail segments coming from the long festive season from September, the country's ranking by the WEF, and India's push for making and using electric vehicles.

The post E-commerce Wins Big in Festive Shopping Season, Gujarat Hub for E-Vehicles – India Market Watch appeared first on India Briefing News.

Insurance space to throw up multibaggers over next 5-10 yrs: Sunil Subramaniam, Sundaram MF

In a chat with Sid Bhamre of ET Now , Sunil Subramaniam , CEO, Sundaram Mutual Fund , says over the next 6-12 months will see a sharp revival in good quality housing and housing finance companies are going to be at the forefront in capturing that demand.

You can read more here: Insurance space to throw up multibaggers over next 5-10 yrs: Sunil Subramaniam, Sundaram MF

Milwaukee Packout Review

Everyone is looking for better ways to store, protect and transport their tools from point A to point B.  Almost all power tool manufacturers have designed and developed products to help tackle this problem.

You can read more here: Milwaukee Packout Review

RComm looking at monetisation of tower, fibre & real estate assets and optimisation of spectrum portfolio

Talking to ET Now, Punit Garg , ED, Reliance Communications , says PIL before SC and lawsuits by unsecured creditors as well as DoT objection took their toll on the proposed deal and both the parties decided to opt out of it.

You can read more here: RComm looking at monetisation of tower, fibre & real estate assets and optimisation of spectrum portfolio

Zomato waives off reservation fee for restaurants as it looks to widen its restaurant base

MUMBAI: Zomato is using every trick in the book to stay ahead in the food tech race against Naspers-backed Swiggy.

You can read more here: Zomato waives off reservation fee for restaurants as it looks to widen its restaurant base

Both SBI Life channels growing at almost double the industry rate, says CEO

Talking to ET Now, Arijit Basu, MD & CEO, SBI Life Insurance, says if the growth rate of about 30-35% continues, then may be three years down the line, they have to review whether additional capital is needed or not to sustain the solvency ratio.

You can read more here: Both SBI Life channels growing at almost double the industry rate, says CEO

Economy is going to pick up in the second half: Rajesh Mokashi, CARE Ratings

Talking to ET Now, Rajesh Mokashi , MD & CEO, CARE Ratings , says there is already a huge uptick in the bond markets and substantial substitution of bank finance with bank bond markets, NCDs and capital market instruments, even commercial paper has become an important source of issuance.

You can read more here: Economy is going to pick up in the second half: Rajesh Mokashi, CARE Ratings

Designing chips for the world

BENGALURU: In 2013, Sudhakar Palisetti, 47, thought it would be an ideal time to start a venture in India that would design chips for US tech giants.The two-and-a-half decade old veteran in the semiconductor industry saw that American entrepreneurial interest in the sector was dwindling.

You can read more here: Designing chips for the world

Mahindra forays into construction equipment space

NEW DELHI: Mahindra and Mahindra (M&M) today announced foray into construction equipment business by launching its first motor grader. The Mumbai-based company today rolled out its first motor grader -- Mahindra RoadMaster G75 -- under the business vertical.

You can read more here: Mahindra forays into construction equipment space

For every tender, Chinese players are bidding at ridiculously low prices: Vinod Kumar Dasari,Ashok Leyland

Talking to Vinod Kumar Dasari, MD, Ashok Leyland, says in electrical vehicles, the volume will come in later but he hopes that in short-term, the government does not give the tax-payer based incentives to Chinese companies.

You can read more here: For every tender, Chinese players are bidding at ridiculously low prices: Vinod Kumar Dasari,Ashok Leyland

CAG's report on GST will be totally paperless

The Comptroller and Auditor General (CAG) will come out with its first digital audit report, a complete paperless exercise, with its performance appraisal of the Goods and Services Tax, expected to come out sometime towards the end of this calendar year.

You can read more here: CAG's report on GST will be totally paperless

Uber's Dara Khosrowshahi to meet London transport chief in bid to keep licence

LONDON: Uber's new global boss Dara Khosrowshahi will meet London's transport regulator on Tuesday in the taxi hailing app's bid to keep its licence in one of its most important foreign markets.

You can read more here: Uber's Dara Khosrowshahi to meet London transport chief in bid to keep licence

Uber board set for contentious meeting over ex-CEO Travis Kalanick's power

SAN FRANCISCO: The board of Uber Technologies Inc, including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a multibillion-dollar investment, sour

You can read more here: Uber board set for contentious meeting over ex-CEO Travis Kalanick's power

Internet of Things: Wave of future is at home

The Internet of Things is set to disrupt the way we live and work. Imagine that you're cooking dinner, and you ask Alexa, voice assistant on Amazon Echo, to read you today's news so that you can focus on chopping vegetables.

You can read more here: Internet of Things: Wave of future is at home

To create an impact, Aavishkar's next milestone is Rs 5200 crore

MUMBAI: Impact investing firm Aavishkar Intellecap Group is targeting Rs 5,000-5,200 crore in assets under management (AUM) across its various entities in the fiscal year ending March 2018.

You can read more here: To create an impact, Aavishkar's next milestone is Rs 5200 crore

HomeCapital gets funds from Venture Catalysts

NEW DELHI: Funding and incubation platform Venture Catalysts has facilitated an undisclosed amount of seed investment in fintech startup HomeCapital, which is focussed on providing down payment assistance to first time home buyers.

You can read more here: HomeCapital gets funds from Venture Catalysts

FundTonic to create stronger pipeline of startups to fund

PUNE: Mumbai-based FundTonic is working on creating a stronger pipeline of startups it could potentially fund.

You can read more here: FundTonic to create stronger pipeline of startups to fund

Fino Payments Bank looks to acquire fintech startups

HYDERABAD: Fino Payments Bank is looking to acquire startups in the area of banking and mobile technology products and distribution platforms, apart from roping in strategic investors for the next phase of growth over the next six months.

You can read more here: Fino Payments Bank looks to acquire fintech startups

DocsApp looks to cure fund woes with Rs 36 crore from Bessemer

CHENNAI: Digital medical consultation platform DocsApp is close to finalising its Series-A fundraise of about Rs 36 crore ($5.5 million) from Bessemer Venture Partners to enable the IIT-Madras-incubated startup expand its roster of services and get more visibility in the Indian market.

You can read more here: DocsApp looks to cure fund woes with Rs 36 crore from Bessemer

Why HoloLens is Microsoft's biggest bet under virtual reality

NEW DELHI: In the interiors of Punjab, Swiss food packaging giant Tetra Pak is experimenting with a technology that can help solve a complex glitch in its manufacturing line within a matter of minutes, without the need to fly down a specialist.

You can read more here: Why HoloLens is Microsoft's biggest bet under virtual reality

Is 25 billion digital transaction target for 2017-18 too steep to achieve?

On September 18, the world's largest internet company, Google, launched digital payments app Tez in India. Tez is yet another payments platform that joins a long list of cashless payment platforms — from BHIM to AadhaarPay — offered since demonetisation 11 months ago.

You can read more here: Is 25 billion digital transaction target for 2017-18 too steep to achieve?

Our base case target for Nifty is 9,000 by Dec-end: Gautam Chhaochharia, UBS

Gautam Chhaochharia , head of India research at UBS foresees further cuts to consensus earnings estimates for the current financial year even as Nifty earnings forecasts for the year have already come down by 10%.

You can read more here: Our base case target for Nifty is 9,000 by Dec-end: Gautam Chhaochharia, UBS

AIS boosts furniture edge quality with dedicated machine

AIS needed a dedicated machine to produce a tapered edge that its customers were asking for. The Leominster, Massachusetts, company makes commercial office furniture and seating, and it consolidated several manufacturing locations into an efficient, cell-based, lean workplace in 2015.

You can read more here: AIS boosts furniture edge quality with dedicated machine

Yardmax YW7565 Chipper Shredder

The EHT staff recently tested the new YW7565 Chipper Shredder from Yardmax. Designed for the DIY landscaper, this model is built to last, and it’s easy to use and transport.

You can read more here: Yardmax YW7565 Chipper Shredder

Tencent finalises its $400-million investment in Ola, values startup at over $3.8 billion

BENGALURU: Chinese internet conglomerate Tencent has finalised its $400-million investment in ride-hailing major Ola, valuing the Bengaluru-based startup at over $3.8 billion.

You can read more here: Tencent finalises its $400-million investment in Ola, values startup at over $3.8 billion

Diwali bonus for Flipkart staff: Board approves $100 million ESOP repurchase plan

BENGALURU: The board of Flipkart has approved a plan to repurchase employee stock options in a move that could benefit close to 6,000 current and former employees at India's largest online retailer, according to two people familiar with the development.

You can read more here: Diwali bonus for Flipkart staff: Board approves $100 million ESOP repurchase plan

How a sales-obsessed company has been developing its tech muscle

It's not like Hitesh Oberoi to talk technology. Like any sales maven, the 45-year-old CEO of Info Edge has been numbers-driven. He hasn't lost that FMCG fervour he discovered at Unilever India, where he worked for almost four years until late 1999. When he joined Naukri.

You can read more here: How a sales-obsessed company has been developing its tech muscle

Residential furniture orders, shipments gain in July

Smith Leonard reports that its recent survey of residential furniture manufacturers and distributors continued the last few months of positive news. New orders in July were up 11 percent over July 2016, following increases of 6 percent in June, 8 percent in May and 7 percent in April.

You can read more here: Residential furniture orders, shipments gain in July

Ola said to raise $2 billion from SoftBank, Tencent

Ola scored $2 billion in new funding from a group of investors including SoftBank Group Corp. and Tencent Holdings Ltd., according to a person familiar with the matter, helping to bankroll Uber Technologies Inc.'s fiercest rival in India.

You can read more here: Ola said to raise $2 billion from SoftBank, Tencent

RINL Vizag Steel bags order for supplying TMT Rebars for cricket stadium at Agartala

KOLKATA: RINL Vizag Steel (VSP) has bagged a project sales order for supplying TMT Rebars for construction of a cricket stadium at Agartala. The project is being spearheaded by Tripura Cricket Association and the Board for Cricket Control in India (BCCI).

You can read more here: RINL Vizag Steel bags order for supplying TMT Rebars for cricket stadium at Agartala

GIC seeks CCI nod for Rs 9K cr deal with DLF promoters

NEW DELHI: Singapore's sovereign wealth fund GIC has approached fair trade regulator CCI seeking approval for its deal to acquire stake in DLF rental arm for Rs 8,900 crore and form joint venture with the realty firm. GIC had in late August agreed to buy 33.

You can read more here: GIC seeks CCI nod for Rs 9K cr deal with DLF promoters

Thyssenkrupp-Tata merger puts fate of UK's top steel plant at risk amid dismal earnings

LONDON/FRANKFURT: Plagued by poor earnings, Britain's biggest steel plant, located in Port Talbot, is likely to be first in line for job and output cuts after the planned European merger of Thyssenkrupp and Tata Steel, industry sources told Reuters.

You can read more here: Thyssenkrupp-Tata merger puts fate of UK's top steel plant at risk amid dismal earnings

Adani's $3.5 billion debt-funded 'investment' in Australia at risk: Report

NEW DELHI: The Adani Group's entire A$3.5 billion (Rs 178 billion) debt-funded 'investment' in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday.

You can read more here: Adani's $3.5 billion debt-funded 'investment' in Australia at risk: Report

Skilsaw Table Saw Review

Over the years we have tested a wide variety of Table Saws.  We have tested corded table saws as well as cordless table saws.  We have tested your traditional table saws and new hybrid protecting saws.

You can read more here: Skilsaw Table Saw Review

Follow SOPs to avoid future mishaps: Government to steel companies

NEW DELHI: Worried over the recent accidents at JSPL and SAIL plants, the government has asked the industry to stick to Standard Operating Procedures to avoid any further mishaps, saying there will be "no compromise" on that. "(There should be) no negligence.

You can read more here: Follow SOPs to avoid future mishaps: Government to steel companies

Truck aggregator Freightbazaar introduces features for truck drivers

Logistics startup Freightbazaar, which allows companies to book trucks online, is now working at making life easy for the truckers and drivers on its platform. The company has recently completed its GPS integration which can work with any third-party GPS and launched a cashless payments card.

You can read more here: Truck aggregator Freightbazaar introduces features for truck drivers

Uber's path to win back London: data, fines and fees

If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service's future in one of its most important markets.

You can read more here: Uber's path to win back London: data, fines and fees

Tencent is the top dog in mobile gaming now

In eSports, Chinese company Tencent has blown away the competition with revenues of $7.4 billion from mobile gaming in the first half of 2017. Tencent has stakes in legendary games like League of Legends, Call of Duty and World of Warcraft.

You can read more here: Tencent is the top dog in mobile gaming now

Chqbook gets funding from Startup Buddy and others

AHMEDABAD: Chqbook, a fintech startup that allows customers to explore, compare, book and get personal finance products such as home loans, personal loans and credit cards, raises undisclosed funds from YouWeCanbacked Startup Buddy, Apurva Chamaria, global head of corporate marketing at HCL, Sachin

You can read more here: Chqbook gets funding from Startup Buddy and others

Paytm Mall now supports 10 regional languages

BENGALURU: Alibaba-backed Paytm Mall has introduced 10 regional languages on its platform with an expectation to increase its flow of customers by 30-40%. Prior to this, the mobile application was only available in English.

You can read more here: Paytm Mall now supports 10 regional languages

Startup India is now open to feedback on project progress

NEW DELHI: The Startup India official website has opened up a feedback mechanism for all stake holders of the startup ecosystem to submit their views on ranking of states and union territories on the basis of the achievements made in the implementation of their startup policies.

You can read more here: Startup India is now open to feedback on project progress

Flipkart's Ekart gets Rs 641 cr funding from group dirm Klick2Shop

BENGALURU: Serious ecommerce players are strengthening the scaffolding on which their businesses operate — their logistics arms.

You can read more here: Flipkart's Ekart gets Rs 641 cr funding from group dirm Klick2Shop

Cycle-sharing firm Ofo will reach your streets by 2018

BENGALURU: One of China's hottest startups, the bicyclesharing venture Ofo that is valued at $2 billion, aims to enter the Indian market by the first half of 2018, according to multiple people aware of the development.

You can read more here: Cycle-sharing firm Ofo will reach your streets by 2018

GNFC expects Dahej DCP project to be completed by December 2018

Leading fertiliser player Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) expects its 2 lakh mtpa di-calcium phosphate (DCP) project at Dahej to be completed by December 2018, according to its annual report.

You can read more here: GNFC expects Dahej DCP project to be completed by December 2018

Otis to manufacture escalators in India from next year

MUMBAI: US-headquartered Otis will start manufacturing escalators in India from next year as it expects demand to rise due to rapid urbanisation and modernisation of railway stations, a top company official said. "We will start manufacturing escalators next year.

You can read more here: Otis to manufacture escalators in India from next year

CIL to invest Rs 15,000 cr in FY18 for capex, other projects

NEW DELHI: The world's largest coal miner, CIL, is lining up nearly Rs 8,500 crore as capital expenditure and Rs 6,500 crore for various other projects in the ongoing fiscal. The projects include a supercritical thermal power plant, solar energy and coal gasification.

You can read more here: CIL to invest Rs 15,000 cr in FY18 for capex, other projects

Travis Kalanick's board appointments widen divisions in Uber

SAN FRANCISCO: The divisions between Uber and its former chief executive, Travis Kalanick, are widening. For the past few weeks, Kalanick, who had resigned as chief executive in June, kept a low profile.

You can read more here: Travis Kalanick's board appointments widen divisions in Uber