Friday, 3 November 2017
Easy Entry Digital Woodworking – Outsource Perfect patterns
In the first post of this series, I explained the process that I use to make paper patterns for parts.
You can read more here: Easy Entry Digital Woodworking – Outsource Perfect patterns
Bullish on 2 themes for the long term: Mihir Vora, Max Life
The broad theme of financials will continue to yield result and stock specific investment in pharma will bear fruit, says Mihir Vora , Director & CIO, Max Life Insurance , Talking to ET Now, Vora says expects acceleration in GDP over FY19 but feels that as far as FY18 is concerned, neither earnings
You can read more here: Bullish on 2 themes for the long term: Mihir Vora, Max Life
Small, medium firms were limping back when GST added to pain: Stakeholders
NEW DELHI: The backbone of India's manufacturing sector -- micro, small and medium enterprises (MSMEs) -- had not yet recovered from the demonetisation move when the Goods and Services Tax (GST) came in to add to the pain, according to industry stakeholders.
You can read more here: Small, medium firms were limping back when GST added to pain: Stakeholders
The formal economy has no challenges from GST: Kishore Biyani, Future Group
Talking to ET Now, Kishore Biyani , CEO, Future Group , says the Future Group initially faced some challenges very early in the days on supply chain but that has corrected a long time back. What is the state of the economy and how is the Future Group faring?
You can read more here: The formal economy has no challenges from GST: Kishore Biyani, Future Group
Powerful tool: Why live videos matter for small businesses
Live video marketing has become a powerful game-changer, a new weapon in the marketing arsenal of today's online business community. It is urgent, interactive, and exclusive. It is also demanding.
You can read more here: Powerful tool: Why live videos matter for small businesses
Info Edge makes third investment in Meritnation
MUMBAI: Applect Learning Systems, which runs the e-learning website Meritnation has raised Rs 38 crore from Info Edge, the online classifieds portal said in a filing to the BSE.
You can read more here: Info Edge makes third investment in Meritnation
Why Ujjivan Financials CEO expects 20% growth in FY18
Talking to ET Now, Sudha Suresh, MD & CEO, Ujjivan Financials, says because of geographical diversification, have been able to contain the credit losses that other smaller MFIs with not so much diversification have faced. First walk us through the big picture.
You can read more here: Why Ujjivan Financials CEO expects 20% growth in FY18
Thursday, 2 November 2017
Growth in NBFCs not at cost of PSBs, the market has expanded: Tushar Pradhan, HSBC Global AM
One has to have an expanded view of the situation. I do not think it is ever black and white like these. While at the margin, clearly the public sector banks are out of the credit markets as of now.
You can read more here: Growth in NBFCs not at cost of PSBs, the market has expanded: Tushar Pradhan, HSBC Global AM
HCC JV bags Rs 497-crore order for Pune Metro
NEW DELHI: Hindustan Construction Company (HCC) today said its joint venture firm has bagged a contract worth Rs 497 crore for Pune Metro. The contract is for construction of nine elevated metro stations. The total length of Pune Metro-phase 1 is 32 km.
You can read more here: HCC JV bags Rs 497-crore order for Pune Metro
Excellent opportunities for apparel & textile industry in UAE: FIEO

Indian Income Tax Returns – Filing Date Extended to November 7 for FY 2016-17

India's federal tax body has extended the final date for filing income tax returns (ITR) and submitting reports for audit for FY 2016-17. This time around taxpayers will need to disclose their Aadhaar number, and additional banking and financial information.
The post Indian Income Tax Returns – Filing Date Extended to November 7 for FY 2016-17 appeared first on India Briefing News.
Shapoorji Pallonji JV to invest in three assets
MUMBAI: In less than month since its formation, the Allianz Group-Shapoorji Pallonji Group's joint platform for commercial properties has identified three assets spread over total 6 million sq ft for investment across the country, said two persons familiar with the matter.
You can read more here: Shapoorji Pallonji JV to invest in three assets
Bet on US recovery via metals, forging companies: Nischal Maheshwari, Edelweiss Securities
Talking to ET Now, Nischal Maheshwari , Head Institutional Equities, Edelweiss Securities , says traditional bets like IT and pharma have been suffering for the last few years and a quick recovery can’t be expected there.
You can read more here: Bet on US recovery via metals, forging companies: Nischal Maheshwari, Edelweiss Securities
B2B startups rise by 50% this year
Almost 50% of new startups this year operate in the B2B sector, up from 34% last year, according to the annual startup report, 'Indian Start-up Ecosystem Traversing the Maturity Cycle' by Nasscom.
You can read more here: B2B startups rise by 50% this year
ETRISE launches Biz Listings, aims to help Indian SMEs grow their business
As more and more consumers move online, having a web presence that can be easily discovered and generate visibility, leads and business becomes essential.
You can read more here: ETRISE launches Biz Listings, aims to help Indian SMEs grow their business
More volatility likely in 2018: Geoff Lewis, Manulife AM
Talking to ET Now, Geoff Lewis, Manulife AM, says that with Jerome Powell as Fed chair, markets are likely to assume that we will see a very gradual monetary policy in the US and that nothing much has changed.
You can read more here: More volatility likely in 2018: Geoff Lewis, Manulife AM
ET panel discussions on Power of Ideas start today
BENGALURU: The Economic Times kicks off a series of panel discussions across eight cities, beginning with Bengaluru and Mumbai, where India's top entrepreneurs will discuss their journey and how they tackle challenges while scaling up.
You can read more here: ET panel discussions on Power of Ideas start today
Survival of most evolved is the new normal in the B2B startup sector
It may not be a stretch to suggest that we are now into the second wave of the startup phenomenon. The segment has shown consistent high growth in terms of numbers aggregating 5,000 and counting. In the last couple of years, the B2B segment particularly has shown healthy growth.
You can read more here: Survival of most evolved is the new normal in the B2B startup sector
Fund crunch grounded some big dreams in startupland
BENGALURU: The frenetic rush to start up in Asia's third largest economy has slowed down somewhat, with the number of new technology ventures set up in 2017 dropping by over a quarter as a tough funding environment and the travails of well-known ecommerce companies dampened sentiment.
You can read more here: Fund crunch grounded some big dreams in startupland
Now use Paytm 'Inbox' to chat and transact all at once
MUMBAI: Preparing the field for the expected big bang entry of Facebook-owned Whatsapp into the digital payments space of India, the largest payment company Paytm has launched 'Inbox', a messaging service that will allow consumers to chat and transact, simultaneously.
You can read more here: Now use Paytm 'Inbox' to chat and transact all at once
Front-loading on NPLs is better than holding off: Andreas Dombret, Deutsche Bundesbank
Banking regulations increase compliance costs but banks benefit from regulations, says the member of the executive board of the German central bank.
You can read more here: Front-loading on NPLs is better than holding off: Andreas Dombret, Deutsche Bundesbank
Home services startups like UrbanClap, Quikr and Housejoy reel under big GST shock
NEW DELHI: Startups such as UrbanClap, Quikr and Housejoy that provide digital platforms for service providers such as plumbers, carpenters and cleaners are now faced with the challenge of keeping them on board.
You can read more here: Home services startups like UrbanClap, Quikr and Housejoy reel under big GST shock
CIL exploration arm asked to find out best assets
KOLKATA: The government has asked Coal India’s exploration arm to identify the best properties for coal exploitation to meet rising demand from the power and steel sectors.
You can read more here: CIL exploration arm asked to find out best assets
Spiritual startup Kalpnik Technologies raises funds from angel investors
NEW DELHI: Kalpnik Technologies has raised $500,000 (about Rs 3.25 crore) from a clutch of angel investors at Venture Catalysts.
You can read more here: Spiritual startup Kalpnik Technologies raises funds from angel investors
Kae Capital, Nazara Games invest in fantasy sports platform HalaPlay
BENGALURU: Kae Capital and Nazara Games have invested an undisclosed amount in HalaPlay, a daily fantasy sports platform.
You can read more here: Kae Capital, Nazara Games invest in fantasy sports platform HalaPlay
Web apps are about how you can help users: Anuvrat Rao, Head of Web Product Partnerships, Google
Google works with several startups to build progressive web apps that mimic regular mobile apps but do not take up as much internet bandwidth or space on mobile phones.
You can read more here: Web apps are about how you can help users: Anuvrat Rao, Head of Web Product Partnerships, Google
What Flipkart, Myntra, Ola and Swiggy have in common? Their bet on app-like mobile web pages
Amar Nagaram and his team of engineers at Flipkart were facing a unique challenge. The year was 2015 and India’s largest online marketplace had taken a stand to be accessible to its customers only through its mobile app.
You can read more here: What Flipkart, Myntra, Ola and Swiggy have in common? Their bet on app-like mobile web pages
Stacking Tool Caddy
I designed this stacking tool caddy to hold small parts and a few tools. It’s comprised of three tool trays that stack and interlock together to form a single unit that can be carried wherever needed. Best of all, it stores my screws, nails and small tools so they’re all right at hand.
You can read more here: Stacking Tool Caddy
BRNL consolidates its holding in Guruvayoor Infrastructure
KOLKATA: Srei Infrastructure Finance-led Bharat Road Network Limited (BRNL) on Thursday said it has consolidated its holding in Guruvayoor Infrastructure Private Limited, engaged in construction of 260 kilometres of Thrissur-Angamali section of NH47 in Kerala.
You can read more here: BRNL consolidates its holding in Guruvayoor Infrastructure
Kimball Hospitality to acquire D'style furnishings
JASPER, Ind. - Kimball Hospitality announced plans to acquire furnishings supplier D’style Inc. and its subsidiary Allan Copley Designs for $20 million. News of the acquisition was announced Nov. 1. Based in Jasper, Indiana, Kimball Hospitality is a subsidiary of Kimball International, Inc.
You can read more here: Kimball Hospitality to acquire D'style furnishings
SPML Infra implemented S4A scheme to recast Rs 545.85 crore debt
Infrastructure company SPML Infra on Thursday said successful implementation of Scheme for Sustainable Structuring of Stressed Assets (S4A Scheme) would convert about half of its debt to optionally convertible debentures (OCD). Out of total debt of Rs 1,117 crore, a sum of Rs 545.
You can read more here: SPML Infra implemented S4A scheme to recast Rs 545.85 crore debt
Angel funding plunges 53% as complicated tax rules hit startups
BENGALURU: Complicated tax rules are hindering growth of start-ups as the angel companies are being muted, National Association of Software and Services Companies (NASSCOM) chairman Raman Roy said here today.
You can read more here: Angel funding plunges 53% as complicated tax rules hit startups
A year after exiting, Au Small Finance Bank plans to re-enter housing finance business
Au Small Finance Bank is planning to enter housing finance business, a year after selling its housing finance business firm Kedaara Capital and Swiss firm Partners Group for Rs 950 crore.
You can read more here: A year after exiting, Au Small Finance Bank plans to re-enter housing finance business
SRF acquires hydrofluorocarbon refrigerant from Mexichem for $10 million
Gurgaon based SRF Ltd, a chemical based multi-business entity that manufactures refrigerants in India has entered into a definitive agreement with global major Mexichem to acquire HFC 125, a hydrofluorocarbon refrigerant used in the air-conditioning industry for little over $10 million.
You can read more here: SRF acquires hydrofluorocarbon refrigerant from Mexichem for $10 million
Retail lending is currently the best available option for banks: Jose K Mathew, Federal Bank
“Retail lending has changed a lot during the last ten years. We’re now taking a more calculated and cautious approach than we did ten years ago,” admits Jose K Mathew, executive vice-president and head of retail business at Federal Bank.
You can read more here: Retail lending is currently the best available option for banks: Jose K Mathew, Federal Bank
Paper industry seeks govt support to curb cheap imports
Paper industry has sought government's support to check the flow of cheap imports, especially from Asean countries, so as to protect the domestic players. "One of the challenges faced by the paper industry is cheaper imports.
You can read more here: Paper industry seeks govt support to curb cheap imports
Alibaba revenue up 61 pct, beats estimates
Chinese e-commerce giant Alibaba Group Holding Ltd said on Thursday its quarterly revenue climbed 61 percent, beating analysts' estimates, helped by growth in its core e-commerce business. The firm, headed by billionaire entrepreneur Jack Ma, posted 55.12 billion yuan ($8.
You can read more here: Alibaba revenue up 61 pct, beats estimates
Nasscom announces the year's top ten startups to look out for at EMERGE 10 Awards
The marathon search spanning over a year for India's Most Innovative Top 50 Emerging Software Product Companies culminated in the announcement of Nasscom Emerge 10 2017 Awards on Thursday.
You can read more here: Nasscom announces the year's top ten startups to look out for at EMERGE 10 Awards
Confederation of All-India Traders asks for CBI inquiry into GST portal issues
BENGALURU: The Confederation of All-India Traders (CAIT) has put out a statement asking for an inquiry by the Central Bureau of Investigations into why Infosys and other companies involved in the creation of the GST portal have failed to ensure its satisfactory performance.
You can read more here: Confederation of All-India Traders asks for CBI inquiry into GST portal issues
Divi’s news not to boost pharma beyond tomorrow morning: Pankaj Sharma
Talking to ET Now, Pankaj Sharma , Market Expert, says people looking to find some excuses to invest in some of the names which are relatively attractive in terms of valuation.
You can read more here: Divi’s news not to boost pharma beyond tomorrow morning: Pankaj Sharma
Apple, Samsung most popular refurbished phone brands in India: Quikr
Bengaluru based online cross-category classifieds platform Quikr has seen a 154% growth in selling of refurbished smartphones than those manufactured in 2015 while Apple and Samsung led the most popular refurbished smartphone brands on the platform.
You can read more here: Apple, Samsung most popular refurbished phone brands in India: Quikr
India needs to develop 20-25% of steel capacity along coast by 2025 to meet export targets: Birender Singh
Steel minister Birender Singh has said India could aspire to develop 20-25% of its steel capacity along the country's coastline by 2025 to meet its export targets.
You can read more here: India needs to develop 20-25% of steel capacity along coast by 2025 to meet export targets: Birender Singh
Coal India misses production target by 15 mt
Coal India missed its production target for the period April-October by 5% and its sales target by 3% despite power companies complaining about non-availability of adequate coal.
You can read more here: Coal India misses production target by 15 mt
We have a 52% margin on an average: Ishani Ray, CFO, Khadim
Talking to ET Now, Ishani Ray , CFO, Khadim, says typically, the premiumised products give a margin of about 55-57% whereas the mother brand Khadim gives a margin of anywhere between 40 and 50%.
You can read more here: We have a 52% margin on an average: Ishani Ray, CFO, Khadim
And the Winner Is
Before we send out the tool, we will verify your information. You have to do two things to verify your information. Congratulations to everyone.
You can read more here: And the Winner Is
Over 1,000 tech startups added in 2017: Nasscom
MUMBAI: The country has seen an addition of over 1,000 startups this year, strengthening its position as the third largest startup ecosystem across the world, amidst intensifying competition from countries like UK and Israel.
You can read more here: Over 1,000 tech startups added in 2017: Nasscom
Dudleys looking to raise $1.5 million
NEW DELHI: Online fast-food delivery marketplace Dudleys is planning to raise funds of $1.5 million to fuel expansion of its all-night foods delivery business, co-founder Chetan Kaul said.
You can read more here: Dudleys looking to raise $1.5 million
In H1, we had highest-ever power generation: Prashant Jain, JSW Energy
Talking to ET Now, Prashant Jain, Joint MD & CEO, JSW Energy , says during the first half, the total net debt was reduced by Rs 1705 crore and the net interest cost came down by 84 bps. Give us a lowdown on the key highlights in the quarter gone by.
You can read more here: In H1, we had highest-ever power generation: Prashant Jain, JSW Energy
India's Adani in talks with Chinese engineering firm for Carmichael financing: Report
Indian conglomerate Adani Enterprises is in talks with China Machinery Engineering Corp (CMEC) for the financing of a controversial coal mine project in Australia, Reuters reported citing two sources with knowledge of the situation on Thursday. Adani is seeking A$2 billion ($1.
You can read more here: India's Adani in talks with Chinese engineering firm for Carmichael financing: Report
Move towards the exit the longer and higher the market goes up: Jamal Mecklai
It has been a full throttle focus on the currency given the kind of moves that we have seen of late. Rupee has been the second best gainer among Asian currencies pack in the last one month.
You can read more here: Move towards the exit the longer and higher the market goes up: Jamal Mecklai
Piyush Goyal exhorts Coal India employees to meet targets
Coal Minister Piyush Goyal made a fervent appeal to the employees of state-owned Coal India Ltd (CIL) to work towards meeting the two crucial production targets of 2018 and 2020. CIL has set a production target of 600 MT by 2018 and one billion tonnes by 2020.
You can read more here: Piyush Goyal exhorts Coal India employees to meet targets
SoftBank joins hands with Saudi Arabia's wealth fund to frame solar energy plan for the kingdom
BENGALURU: SoftBank has joined hands with Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) to frame a 'Solar Energy Plan 2030' for the kingdom and set up a giant 3000 MW solar project there.
You can read more here: SoftBank joins hands with Saudi Arabia's wealth fund to frame solar energy plan for the kingdom
We will be able to maintain 15% growth this year: Umesh Revankar, Shriram Transport Finance
Talking to ET Now, Umesh Revankar , MD & CEO, Shriram Transport Finance , says this quarter was quite good for them as there was a pent-up demand resulting from the introduction of BS-III, BS-IV and the GST. Your second quarter has been slightly better with the AUM growth of 13.5%.
You can read more here: We will be able to maintain 15% growth this year: Umesh Revankar, Shriram Transport Finance
It has been the worst quarter for media & entertainment industry in a long time: Prashant Panday, ENIL
Talking to ET Now, Prashant Panday, ENIL , says overall the revenue numbers are down just 2%, but on a same station basis, business is down by about Rs 9 crore or about 8-9%. It is the new stations which have made good and saved from a bad revenue drop. The numbers are muted.
You can read more here: It has been the worst quarter for media & entertainment industry in a long time: Prashant Panday, ENIL
Prime Securities’ N Jayakumar on where to find the next multibagger
What about this concept of cosy trades? Close your eyes and buy private banks, close your eyes and bet on Eicher Motors or a buy a Bosch. Do you think those cosy trades now will see cracks? What has not changed is that recapitalisation addresses the ability to lend.
You can read more here: Prime Securities’ N Jayakumar on where to find the next multibagger
Wednesday, 1 November 2017
Flipkart, Amazon hit 100 million downloads
BENGALURU: Amazon India and Flipkart mobile apps have touched the 100-million, or 10-crore, download mark on Google Play Store. Google updates the data occasionally and the number of downloads is categorised in ranges - it does not provide an absolute number.
You can read more here: Flipkart, Amazon hit 100 million downloads
Manufacturing slows in October as GST rollout hits flow of new orders
NEW DELHI: Manufacturing activity slowed in October following a drop in new orders, a private survey said, but firms hired workers at a high pace to service greater volumes of outstanding business.
You can read more here: Manufacturing slows in October as GST rollout hits flow of new orders
Paytm looks to be largest digital bank in the world, says 10 mln customers ready to bank
Payments bank is still at a very ascent stage in India, but Paytm is confident of cornering a major part of the market share and in fact looking at the records book to make a mark.
You can read more here: Paytm looks to be largest digital bank in the world, says 10 mln customers ready to bank
Investment in food processing to surpass Rs 65,000 crore: Food processing minister
Already Rs 65,000 crore private investment has been committed in the food processing sector and more is expected during the mega global food event to begin from November 3, the government said today.
You can read more here: Investment in food processing to surpass Rs 65,000 crore: Food processing minister
Cotton traders wait for price to fall
Indian traders have not signed new cotton export contracts in the past one week as domestic prices may take a little longer to decline to get export parity.
You can read more here: Cotton traders wait for price to fall
The moment it clicks! Digital buy trends
Social commerce via smartphones is growing by leaps and bounds, and now the market is taking notice. Social ecommerce ecosystem is rapidly evolving, thanks to the willingness of merchants to accept most modes of payments.
You can read more here: The moment it clicks! Digital buy trends
Talking tees, magic mirrors to come out of Myntra Innovation Labs soon
BENGALURU: Imagine a T-shirt that can talk or a mirror that can provide fashion recommendations to users from their own wardrobe based on what they are wearing. These are some of the products that Myntra is building in its futuristic innovation labs in the Bengaluru office.
You can read more here: Talking tees, magic mirrors to come out of Myntra Innovation Labs soon
Centre allows drones to be used for commercial purposes
NEW DELHI: Companies such as Amazon and Flipkart will soon be able to use drones to deliver packages in India, as the aviation ministry on Wednesday unveiled a proposed policy to allow commercial use of these unmanned aerial vehicles.
You can read more here: Centre allows drones to be used for commercial purposes
In 3-6 months, portfolio shift towards PSU banks will get over: Rahul Singh, Ampersand
Talking to ET Now, Rahul Singh , Managing Partner, Ampersand Investment Advisors , says we would still be cautious unless you have a specific conviction on a specific stock.
You can read more here: In 3-6 months, portfolio shift towards PSU banks will get over: Rahul Singh, Ampersand
OneAssist gets a funding from former Vodafone CEO
MUMBAI: OneAssist Consumer Solutions, which provides protection for credit cards, smartphones and payment cards in case of loss or theft, has raised an undisclosed amount from former CEO of Vodafone Group Arun Sarin. The investment is a part of the company's Series-C fund raise held in June.
You can read more here: OneAssist gets a funding from former Vodafone CEO
With a new country manager, Quora has big plans for India
BENGALURU: Quora has appointed Gautam Shewakramani as its country manager for India, which the US-based question-and-answer site views as an increasingly important market.
You can read more here: With a new country manager, Quora has big plans for India
Paytm parent logs Rs 814 crore in revenues
MUMBAI: One97 Communications, which is the parent entity of digital payments company Paytm, has reported a net revenue of Rs 813.8 crore for the financial year 2016-17 and the company's net worth stood at Rs 2,376.6 crore, according to a data accessed from business information platform Tofler.
You can read more here: Paytm parent logs Rs 814 crore in revenues
Gobasco gets funds from Matrix Partners
BENGALURU: Agriculture supply chain technology startup Gobasco has raised an undisclosed amount in seed funding from Matrix Partners India. Gobasco combines large-scale data integration with proprietary technology to bring transparency to commodity supply from farm to fork.
You can read more here: Gobasco gets funds from Matrix Partners
Right strategies to help IDBI Bank come out of red: MK Jain
IDBI Bank on Tuesday shocked the market by re porting that one-fourth of its book has turned sour, the highest in the banking industry.
You can read more here: Right strategies to help IDBI Bank come out of red: MK Jain
PayPal's India Pay to open for business in a week
MUMBAI: Global digital payments pioneer PayPal is set to offer domestic payment services in India from next week, said people aware of the matter, entering a market rapidly overcrowding with domestic and global companies.
You can read more here: PayPal's India Pay to open for business in a week
UPI clocks almost 77 million transactions in October
MUMBAI: Unified Payments Interface, the Reserve Bank of India promoted instant payment mechanism has shown a more than 100% growth for the month of October against September of this year.
You can read more here: UPI clocks almost 77 million transactions in October
Acrylic Block Versus Glass Block -Pros and Cons
Offering design appeal and privacy, block windows have been used in homes and commercial projects for more than a century. What started as the inclusion of heavy true glass block windows has evolved over the years to the embracement of lighter-weight acrylic block windows.
You can read more here: Acrylic Block Versus Glass Block -Pros and Cons
The Right and Wrong Way to Seal Your Windows for Winter
Depending what part of the country you live in, the winter brings cold weather and it’s not always easy to keep the cold outside where it belongs. If you want to keep your home warm this winter, learn the difference between the right ways and the wrong ways to seal your windows.
You can read more here: The Right and Wrong Way to Seal Your Windows for Winter
Six Festive Holiday Crafts Using Pinecones
Making holiday crafts always seems like a great idea until you read the list of supplies and realize that you’re going to spend a small fortune at the craft store. To save yourself some money, start with the one supply you already have in abundance come winter – pinecones.
You can read more here: Six Festive Holiday Crafts Using Pinecones
Five DIY Holiday Gifts for the Pet Lover in Your Life
Buying holiday gifts for all of the special people in your life can quickly add up. If you want to show your loved ones you care without breaking the bank, consider making some DIY gifts this year! Here are five simple gift ideas for the pet lover in your life:
You can read more here: Five DIY Holiday Gifts for the Pet Lover in Your Life
Amazon delays rollout of online food retail venture
NEW DELHI: Amazon’s online food retail venture, which was expected to start during Diwali, is getting delayed as the company needs to keep this separate from its marketplace, which functions as a platform to connect sellers with buyers, said people with knowledge of the matter.
You can read more here: Amazon delays rollout of online food retail venture
MakeMyTrip Q2 net loss at $62.3 mn, revenue at $152.9 million
Online travel firm MakeMyTrip today reported a net loss of $62.3 million (over Rs 400 crore) for the quarter ended September 30, 2017. The company had posted a net loss of $39.
You can read more here: MakeMyTrip Q2 net loss at $62.3 mn, revenue at $152.9 million
VIDEO: Dovetail Series Conclusion
This is the final episode of the Hand Cutting Dovetails series.
You can read more here: VIDEO: Dovetail Series Conclusion
VIDEO: How to Repair Dovetail Joints
In this episode of Hand Cutting Dovetails series, Ernie shows you how to repair the most common errors or damage that occurs when making or restoring dovetail joints, such as broken pins or sockets that are too wide. The dovetail may be the most iconic joint in woodworking.
You can read more here: VIDEO: How to Repair Dovetail Joints
VIDEO: Cutting Full-Blind Dovetails
In this episode of Hand Cutting Dovetails series, Ernie demonstrates how to cut secret dovetails, which are also called full-blind dovetails. Full-blind dovetails are a type of dovetail joint that is completely concealed when the joint is assembled.
You can read more here: VIDEO: Cutting Full-Blind Dovetails
Odisha seeks to recover Rs 20,169 crore from Mahanadi Coalfield
BHUBANESWAR: The Odisha government has sent show cause notices to the tune of Rs 20,169-crore to Coal India subsidiary Mahanadi Coalfields for alleged violation of environmental norms, its biggest claim since the Supreme Court imposed 100% penalty on illegal mining.
You can read more here: Odisha seeks to recover Rs 20,169 crore from Mahanadi Coalfield
PROJECT: Folding Table
Our easy-to-make folding table with its vintage styling is a great addition for the holidays!
You can read more here: PROJECT: Folding Table
Tips for Keeping Your Walkway Ice-Free this Winter
When winter weather finally settles in, it can be a struggle to keep your walkway free of ice. Maybe you’ve tried every trick in the book to no avail – here are some simple tips you may not have tried before. Who knows, maybe one of them will be just what you’ve been looking for!
You can read more here: Tips for Keeping Your Walkway Ice-Free this Winter
Paytm Payments Bank appoints Sudhanshu Jain as CFO
Paytm Payments Bank (PPB) today said it has appointed former ICICI Bank executive, Sudhanshu Jain as its Chief Financial Officer.
You can read more here: Paytm Payments Bank appoints Sudhanshu Jain as CFO
Coal India to take up clean coal technologies in a big way
KOLKATA: Coal India would be taking up clean coal technologies like coal to liquid, coal to poly-chemicals and coal to methanol in a big way said coal secretary Susheel Kumar. They were addressing employees at the 43rd Coal India Foundation Day in Kolkata on Wednesday.
You can read more here: Coal India to take up clean coal technologies in a big way
GSTN launches offline utility for filing purchase returns GSTR-2
GST Network, which developed the technology backbone for new indirect tax regime, today said it has launched an offline tool for filing purchase returns GSTR-2. The tool would allow taxpayers to export data of GSTR-2 to excel.
You can read more here: GSTN launches offline utility for filing purchase returns GSTR-2
We are going to raise Rs 2250 cr, there will be no equity dilution: Ramesh Iyer, M&M Financial
Talking to ET Now, Ramesh Iyer , VC & MD, M&M Financial , says this is going to be growth capital and will not be used for write-offs or higher provisions.
You can read more here: We are going to raise Rs 2250 cr, there will be no equity dilution: Ramesh Iyer, M&M Financial
Odisha slaps Rs 20,169cr penalty notice on Mahanadi coalfields
The Odisha government has sent a Rs 20,169-crore show cause notice on Coal India subsidiary Mahanadi Coalfields for alleged violation of environmental norms, in its biggest claim since the Supreme Court’s August 2 order imposing 100% penalty on illegal mining.
You can read more here: Odisha slaps Rs 20,169cr penalty notice on Mahanadi coalfields
Travel marketplace ixigo launches travel currency
NEW DELHI: Travel marketplace ixigo has launched a virtual travel currency which the company claims is industry's first that works across multiple OTAs and airlines that are partners with ixigo.
You can read more here: Travel marketplace ixigo launches travel currency
The IT Sector: Time to Invest in India

In this edition of India Briefing Magazine, we make the case for why now is the right time for foreign firms to invest in India’s IT sector. India is the world’s leading outsourcing destination, and its IT sector is updating its SMAC capabilities, and up-skilling the existing labor pool.
The post The IT Sector: Time to Invest in India appeared first on India Briefing News.
MOFSL’s Rahul Shah is betting on these 2 stocks, find out why
Talking to ET Now, Rahul Shah , AVP, Group Leader-Equity Advisory Group, MOFSL , says is bullish on M&M in auto and JSW Steel in metals. He expects another 20% upside in metal companies like JSW, Hindalco, Hindustan Zinc can be expected.
You can read more here: MOFSL’s Rahul Shah is betting on these 2 stocks, find out why
We inherit a profit positive microfin business: Jaspal Bindra, Centrum Group
The Jaspal Bindra -led Centrum Group is acquiring FirstRand Bank's (FRB's) microfinance business. In an interview with ET Now, Bindra says it will allow them to lend to customers between Rs 10,000 and Rs 1,00,000 ticket size and it is in their financial inclusion agenda to embark on MFI business.
You can read more here: We inherit a profit positive microfin business: Jaspal Bindra, Centrum Group
Just be a little patient and good things will happen: Sanjeev Sanyal, Ministry of Finance
Talking to ET Now, Sanjeev Sanyal , Principal Eco Adviser, Ministry of Finance , says these are once-in-many-lifetime reforms and these reforms have been introduced with a little bit of a slowdown in the economy. But there was no better time for this.
You can read more here: Just be a little patient and good things will happen: Sanjeev Sanyal, Ministry of Finance
Google cloud region goes live in Mumbai
MUMBAI: Google has announced that its cloud region in the financial capital has gone live, marking India's entry of the global online advertising giant's offerings in the emerging area, where it trails Amazon and Microsoft. This is the first Google Cloud Platform (GCP) region in the country.
You can read more here: Google cloud region goes live in Mumbai
Business environment in India still relatively difficult compared with peers: Thomas Rookmaaker, Fitch Ratings
Talking to ET Now, Thomas Rookmaaker, Fitch Ratings , says the business environment is not just a function of the ease of doing business indicator and they look at it from a broader perspective. We have seen a lot of structural reforms in the past – GST, demonetisation..
You can read more here: Business environment in India still relatively difficult compared with peers: Thomas Rookmaaker, Fitch Ratings
GST will further boost India's ranking in 'ease of doing business': Bankers
With the improvement in India's ranking in the World Bank's Ease of Doing Business report to the 100th place, bankers and experts have expressed hope that GST will strengthen the country's position in future.
You can read more here: GST will further boost India's ranking in 'ease of doing business': Bankers
Our accounting profits for H1 have grown 26%: Arijit Basu, SBI Life Insurance
Cost ratios have trended down. I believe commissions have grown about 51% year on year driven by 45% year on year growth in individual new businesses return but pretty much considered under operating expenses.
You can read more here: Our accounting profits for H1 have grown 26%: Arijit Basu, SBI Life Insurance
With 217 million Indian users, Facebook to help businesses drive growth
MUMBAI: Facebook with over 217 million monthly active users in India is closely working with marketers and advertisers to discuss how the social media giant can help businesses drive growth. With 2.
You can read more here: With 217 million Indian users, Facebook to help businesses drive growth
Mahesh Patil on how to invest your money over short and long-term
Is it getting challenging looking for new ideas in the market or do you think the underdogs are now beginning to catch up? There is sporadic moves in pharma, telecom doesn’t quite seem to be a turnaround story but at least you are seeing some traded bounces over there.
You can read more here: Mahesh Patil on how to invest your money over short and long-term
Make in India: Still Falling Short after Three Years

Make in India was launched in 2014 by Prime Minister Modi to transform India into a manufacturing powerhouse, and boost investor interest. Here we assess what has been Make in India's real impact on the ground - what has worked for the program and what needs to get done.
The post Make in India: Still Falling Short after Three Years appeared first on India Briefing News.
Life insurers earn more in Oct selling lesser policies
The 24-company Indian life insurance industry closed last month with new business of Rs 22,776.03 crore, up by 31.87 per cent over the prev...
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If you have a small kitchen, don’t despair. There are ways to make it look and feel better through a few home improvement projects that you...
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In an interview with ET Now, N Jayakumar, Prime Securities , says as people feel more comfortable about putting in SIP kind of flows into t...