NCLAT allows parties to settle dispute over Binani Cement sale

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) today asked the parties in dispute over sale of debt-ridden Binani Cement to amicably settle the conflict. The appellate tribunal was hearing a petition filed by Binani Industries, which holds 98.43 per cent share in Binani Cement.

You can read more here: NCLAT allows parties to settle dispute over Binani Cement sale

Adani forays into road infra, wins Rs 1,140 crore road project in Chhattisgarh

NEW DELHI: Adani Group today announced foray into transport infrastructure with a Rs 1,140-crore highway project won by a consortium led by its holding firm in Chhattisgarh from the National Highways Authority of India (NHAI).

You can read more here: Adani forays into road infra, wins Rs 1,140 crore road project in Chhattisgarh

RINL registered a 31% jump in turnover at over Rs 16,500 crore (provisional) in 2017-18 over 2016-17

Rashtriya Ispat Nigam Ltd, (RINL), the corporate entity of Visakhapatnam Steel Plant, registered a 31% jump in turnover at over Rs 16,500 crore (provisional) in 2017-18 over 2016-17, led by higher volumes of production and sales.

You can read more here: RINL registered a 31% jump in turnover at over Rs 16,500 crore (provisional) in 2017-18 over 2016-17

'Over 17 lakh e-way bills generated in 3 days'

NEW DELHI: Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1, an official said today. The number of e-way bills generated on its platform has been steadily rising with 2.

You can read more here: 'Over 17 lakh e-way bills generated in 3 days'

Can file transitional credit form by April 30: Fin Min

Taxpayers who could not submit transitional credit form Tran-1 on the GSTN portal due to technical glitches now have till April 30 to complete the process, the finance ministry said today.

You can read more here: Can file transitional credit form by April 30: Fin Min

Axalta inaugurates new coating manufacturing facility in India, doubles capacity

MUMBAI: Axalta a leading global supplier of liquid and powder coatings on wednesday inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India.

You can read more here: Axalta inaugurates new coating manufacturing facility in India, doubles capacity

Chakri Lokapriya on why he is sitting on 45% cash

Talking to ET Now, Chakri Lokapriya, CIO & MD, TCG AMC, says you could buy a few NBFCs and a HDFC, or a Kotak, but don’t bother with financials as a sector. Are you a buyer in ICICI Bank? It is a cheap stock.

You can read more here: Chakri Lokapriya on why he is sitting on 45% cash

US-China faceoff could have a longer term impact on global sentiments: Raymond Yeung, ANZ Bank

In an interview with ET Now, Raymond Yeung, ANZ Bank, says if the US continues to target China, then it will have no choice but to retaliate against the US measure on a much larger scale.

You can read more here: US-China faceoff could have a longer term impact on global sentiments: Raymond Yeung, ANZ Bank

Engineering business to grow at more than 20-25% CAGR: Kulin Lalbhai, Arvind Ltd

ET Now: What is the time line for the demerger plan, especially the ones laid out in the textiles and engineering business? Kulin Lalbhai: The demerger process is underway and will be completed around August-September. From the current one listed entity Arvind Ltd.

You can read more here: Engineering business to grow at more than 20-25% CAGR: Kulin Lalbhai, Arvind Ltd

BNP Paribas will enter corporate banks when these stocks bottom out: Anand Shah

Talking to ET Now, Anand Shah, Deputy CEO & CIO, BNP Paribas MF, says he is expecting an outperformance from passenger vehicle segment exposed to rural India. Also, Shah says he will gradually increase exposure to corporate banks. You are saying correction is inevitable post the 13-month rise.

You can read more here: BNP Paribas will enter corporate banks when these stocks bottom out: Anand Shah

For next 1-2 years, bullish on these 3 micro themes: Harendra Kumar

In a chat with ET Now, Harendra Kumar, MD-Institutional Equities, Elara Capital, says aviation, infrastructure and metals could set the tune for the market resurgence over next 12-24 months. The overall global scenario leading to a US-China trade war seems to be affecting us.

You can read more here: For next 1-2 years, bullish on these 3 micro themes: Harendra Kumar

FIAPO ties up with Boombox & Cookie Jar for vegan desserts, beverages

Over the last six months, the FIAPO has collaborated with brands like Cocoberry, Menchie's, Fruktville and Bakeshopand for vegan food products.

You can read more here: FIAPO ties up with Boombox & Cookie Jar for vegan desserts, beverages

Asset Homes to begin construction of projects worth Rs 925 crore

Kochi: Kerala-based builder Asset Homes plans to start construction of 16 residential projects across the state at a proposed outlay of Rs 925 crore in FY19. The company managing director V Sunil Kumar said these projects will have 1600 residential units with a total area of 18 lakh sq ft.

You can read more here: Asset Homes to begin construction of projects worth Rs 925 crore

Automovil plans to raise $6 million to fund pan-India expansion

NEW DELHI: Bengaluru-based Automovil, which allows car-owners to get their vehicles serviced from home, is planning to raise as much as $6 million (around Rs 40 crore) to fund its expansion plan. The firm, founded by two Assamese engineers in Bengaluru, has already raised Rs 1.

You can read more here: Automovil plans to raise $6 million to fund pan-India expansion

Startup India Scheme: All You Need to Know

The government is keen to implement economic reforms to further boost the economy. As part of the Startup India Action Plan, we take a look at how to establish a startup in India, various procedures and regulations as well as the government's incentives and tax breaks for new startup ventures.

The post Startup India Scheme: All You Need to Know appeared first on India Briefing News.

Not tariffs, worried over non-tariff sanctions in US-China faceoff: Jahangir Aziz, JP Morgan

In an interview with ET Now, Jahangir Aziz, JP Morgan, says he is waiting for the next shoe to drop which has not been taken into account by analysts and others. The tariffs are not really the problem, the problem is non-tariff sanctions.

You can read more here: Not tariffs, worried over non-tariff sanctions in US-China faceoff: Jahangir Aziz, JP Morgan

JSW Steel posts record output

NEW DELHI: JSW Steel today posted its highest monthly and quarterly crude steel production as of March 31 - 1.52 million tonne (MT) and 4.31 MT, respectively. During the entire 2017-18, the company produced 16.27 MT, which also is its highest annual output, JSW Steel said in a statement.

You can read more here: JSW Steel posts record output

China's Meituan Dianping acquires bike-sharing firm Mobike for $2.7 billion

BEIJING: Meituan Dianping, China's largest provider of on-demand online services, is buying bike-sharing firm Mobike for $2.7 billion, in a deal that will intensify the rivalry of their common backer Tencent Holdings with Alibaba Group.

You can read more here: China's Meituan Dianping acquires bike-sharing firm Mobike for $2.7 billion

PayPal digitises FIRC process for ease of Indian sellers, freelancers

NEW DELHI: Digital payments platform PayPal on Wednesday said it has digitised the FIRC (foreign inward remittance certificate) application process for the ease of Indian sellers and freelancers by enabling the payment of the FIRC fee via NEFT (National Electronic Funds Transfer) as opposed to the p

You can read more here: PayPal digitises FIRC process for ease of Indian sellers, freelancers

Capacit'e Infra bags Rs 365.50 cr worth orders from Oberoi Realty group

Capacit'e Infraprojects has bagged construction contracts worth Rs 365.50 crore from Oberoi Realty Group entities. NEW DELHI: Capacit'e Infraprojects has bagged construction contracts worth Rs 365.50 crore from Oberoi Realty Group entities.

You can read more here: Capacit'e Infra bags Rs 365.50 cr worth orders from Oberoi Realty group

Expect AUM to reach Rs 20,000 crore at end of FY19 : V P Nandakumar, Manappuram Finance

Talking to ET Now, V P Nandakumar, MD & CEO, Manappuram Finance, says gold loan growth alone had been around 10 to 20%. You recently released your business plan for FY19. You plan to grow the AUM at 20% and the gold loan book at 10%.

You can read more here: Expect AUM to reach Rs 20,000 crore at end of FY19 : V P Nandakumar, Manappuram Finance

Amazon may offer to buy India's Flipkart: Report

Amazon.com Inc may make a rival offer to buy Indian e-commerce firm Flipkart, which is in tie-up talks with Walmart Inc, local media reported, as the two US retail giants jostle for dominance in India's booming online industry.

You can read more here: Amazon may offer to buy India's Flipkart: Report

Jio Payments Bank begins its operations

MUMBAI: The Reserve Bank said on Wednesday that Jio Payments Bank commenced its banking services from Tuesday. Reliance Industries Ltd was one of the 11 applicants which were issued in-principle approval for setting up a payments bank in August 2015.

You can read more here: Jio Payments Bank begins its operations

NBCC to construct bunkers along Indo-Pak border in J&K for Rs 415.73 cr

NEW DELHI: State-owned construction firm NBCC today said it has received sanction for the construction of 14,460 bunkers in villages along the Indo-Pak border in Jammu and Kashmir amounting to Rs 415.73 crore.

You can read more here: NBCC to construct bunkers along Indo-Pak border in J&K for Rs 415.73 cr

Rationalizing your plant layout

If your company is experiencing healthy growth of revenues and profits, you may be attending IWF 2018 to purchase new process machinery. In that case you should be completing a study that justifies the prospective investment.

You can read more here: Rationalizing your plant layout

Babcock & Wilcox's 10 Top-Valued Projects Span Ethylene, Coal-Fired and Waste-to-Fuel Facilities

SUGAR LAND--April 2, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--A look at Babcock & Wilcox Enterprises Incorporated's (NYSE:BW) (B&W) (Charlotte, North Carolina) 10 highest-valued projects shows it is maintaining a rare balancing act in today's industry: providing services f

You can read more here: Babcock & Wilcox's 10 Top-Valued Projects Span Ethylene, Coal-Fired and Waste-to-Fuel Facilities

Furniture retailer wins $1.3 million bid to take over Toys R Us location

PARAMUS, N.J. - Raymour & Flanigan Furniture, the largest furniture retail chain in the Northeastern U.S., has bid $1.3 million to take over the lease of a Toys R Us store in New Jersey.   The bid was the third-highest received in an auction for 157 Toys R Us locations throughout the U.S.

You can read more here: Furniture retailer wins $1.3 million bid to take over Toys R Us location

NCLT adjourns hearing over Bhushan Steel sale to April 5

The National Company Law Tribunal (NCLT) today adjourned the hearing to April 5 over sale of debt-ridden firm Bhushan Steel to Tata Steel by the Committee of Creditors (CoC). The matter, which was listed for hearing today, would now come before the Principal bench on April 5.

You can read more here: NCLT adjourns hearing over Bhushan Steel sale to April 5

RSP records "best-ever" performance in productivity in FY18

BHUBANESWAR: Rourkela Steel Plant (RSP) today said the company registered its "best-ever" performance since inception in all major production areas of hot metal, crude steel and saleable steel in the 2017-18 fiscal. With production of 3.32 mt of hot metal, RSP has posted a growth of about 7.

You can read more here: RSP records "best-ever" performance in productivity in FY18

Binani Cement lenders to meet on April 4, consider out-of-court settlement

The lenders' committee of Binani Cement Ltd is slated to meet tomorrow to explore the possibility of an out-of-court settlement, in line with the observations made by the NCLT Kolkata bench. "We cannot say anything now. We are reviewing all the aspects," a senior Binani official said.

You can read more here: Binani Cement lenders to meet on April 4, consider out-of-court settlement

Woodworking: He’s Covered in It

As a child, Oscar DeLaminated hated anything to do with wood. The child of 60s parents who had gone into plastics, he grew up in an artificially created environment filled with styrofoam, vinyl and polypropylene. Anything that could be dyed orange, was. When he grew up, he rebelled.

You can read more here: Woodworking: He’s Covered in It

Dr. Jekyll’s Hyde Glue: The Vegan’s Alternative

When Ahm Sari started woodworking as a hobby, everyone told him that hide glue was far and away the best glue he could use. However, as a devout Jain who abhorred killing animals, the thought of using glue made from animals quite literally turned his stomach.

You can read more here: Dr. Jekyll’s Hyde Glue: The Vegan’s Alternative

Compact Project Storage

I’ve been woodworking for about 60 years now and have made literally hundreds and hundreds of projects. Some of them I’ve sold, many have been given as gifts — but some are so dear that I have not been able to part with them.

You can read more here: Compact Project Storage

Shop-made Sandpaper

After years and years of fattening the pockets of those corner office execs at Norton and 3M, I could kick myself for not thinking of this trick sooner. Make your own sandpaper, fellow shop rats! That’s what I do now, and I take those savings STRAIGHT TO THE BANK.

You can read more here: Shop-made Sandpaper

Expiration Date on Stones?

I’ve made a table featured in a previous issue of Woodworker’s Journal, and it looks great. All that’s left for me to do is finish and polish. I’ve been told that I should use rotten stone to polish. So I went out and bought some stone and left it sitting out on my counter.

You can read more here: Expiration Date on Stones?

Phroyd Answers Miniaturists’ Call with Quarter Cutter

Miniaturists frustrated by the desire to cut quartersawn lumber for their tiny Arts & Crafts doll furniture, but without a suitable micro-sized blade for the job, take heart! Phroyd’s new “Quarter Cutter” is just the blade for you.

You can read more here: Phroyd Answers Miniaturists’ Call with Quarter Cutter

Chee-Ya Project Kits

Are you faced with the begrudging chore of knocking out those “honey-do” projects and never getting around to building that Chippendale highboy or Sam Maloof rocker you’ve always dreamed about? Well, the good folks at Rockler feel your pain.

You can read more here: Chee-Ya Project Kits

More Foolin’

Fooled ya once … well, actually, many times in the past. If you saw our email on April 1 this year, you’ll notice that our annual April Fool’s missive this year was not quite as full of Fool-ishness as it’s been in the past.

You can read more here: More Foolin’

Are My Wood Grains Gluten-Free?

I’m trying to lose weight, and I’ve gotten hooked on this “Gluten-Free” diet. It’s been great, but I keep reading about finding “gluten-free grains.

You can read more here: Are My Wood Grains Gluten-Free?

Thriftee Woodworker’s Bake-A-Biskits

These days, each penny pinched is a penny closer to that new 220-volt whatjamajigger you’ve got your eye on.

You can read more here: Thriftee Woodworker’s Bake-A-Biskits

Slick Willy’s® Snake Oil Blade Lube

Whoever says a dirty, pitch-encrusted blade can’t be restored to tiptop cutting condition has never tried Slick Willy’s® Snake Oil Blade Lube.

You can read more here: Slick Willy’s® Snake Oil Blade Lube

Uncovering the Past: Hidden Butt Joint Society

Recently, I attended a meeting of woodworking enthusiasts who have made it their mission to advance a form of traditional joinery to its properly respected former glory.

You can read more here: Uncovering the Past: Hidden Butt Joint Society

Myntra appoints Mithun Sundar as Chief Revenue Officer

NEW DELHI: Online fashion retailer Myntra today said it has appointed former PepsiCo executive Mithun Sundar as its Chief Revenue Officer. He will assume office in June and report to CEO Ananth Narayanan, Myntra said in a statement.

You can read more here: Myntra appoints Mithun Sundar as Chief Revenue Officer

Exterior Spring Cleaning Checklist

Football on the lawn, bar-b-ques and backyard picnics are some of the best parts of spring, but coming out of the winter months, our homes aren’t always ready to entertain. Even if you don’t have a backyard, spring is the time to freshen up your home’s exterior as the weather brightens up.

You can read more here: Exterior Spring Cleaning Checklist

Mahagiri Chromite Mines gets India's first 'Rescue Room' to deal with unforeseen situations

KOLKATA: The first ever ‘Rescue Room’ was inaugurated in Odisha's Sukinda Valley on Monday inside IMFA’s Mahagiri Underground Chromite Mines by A K Sinha, Deputy Director General of Mines Safety, DGMS.

You can read more here: Mahagiri Chromite Mines gets India's first 'Rescue Room' to deal with unforeseen situations

Fund tracker or beta strategy? The debate is on

In a conversation with Nikunj Dalmia of ET Now, Saurabh Mukherjea, Ambit Capital, Ashish Kumar Chauhan, MD & CEO, BSE and Samit Vartak, SageOne Investment Advisors, discuss whether the Coffee Can investment strategy based on smart beta or index based ETFs are the better way to invest.

You can read more here: Fund tracker or beta strategy? The debate is on

Amazon Business launches B2B global selling program for Indian exporters

BENGALURU: Amazon Business today announced expansion of its global selling programme by launching B2B selling for Indian exporters. The programme will get the sellers in front of decision makers of Fortune 500 companies, as well as medium and small corporations across the world, he added.

You can read more here: Amazon Business launches B2B global selling program for Indian exporters

Focus on these 2 themes in a volatile market: Jyoti Vaswani, Future Generali

In an interview with ET Now, Jyoti Vaswani, Future Generali, says the rural theme and the consumption theme are going to play out in this financial year. Edited excerpts: Everyone said beware of the ides of March and it did turn out to be volatile.

You can read more here: Focus on these 2 themes in a volatile market: Jyoti Vaswani, Future Generali

India can do a Silicon Valley in 5 years, innovation ecosystem needs a boost: World Bank

NEW DELHI: India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

You can read more here: India can do a Silicon Valley in 5 years, innovation ecosystem needs a boost: World Bank

Ridgid GEN5X Cordless ½ in. Impact Review

Ridgid is one of Home Depot’s house brands, which produces a multitude of tools from pipe wrenches to hand-held power tools all the way up to full-size tools such as planers and band saws. This Ridgid GEN5X Cordless ½ in.

You can read more here: Ridgid GEN5X Cordless ½ in. Impact Review

Ashok Leyland likely to see another 10% growth in coming year: Gopal Mahadevan

ET Now: With the growth momentum in the CV industry going strong, would you say it is because of changes at the macro level or is there a change in consumer preference at play? Gopal Mahadevan: It has been a good year for the Indian M&HCV industry. We have posted about 14% growth in volumes.

You can read more here: Ashok Leyland likely to see another 10% growth in coming year: Gopal Mahadevan

Noida gets another co-working space, Let’s Work set to start operations

Co-working space, Let’s Work, on Tuesday said it is all set to inaugurate its new facility in Noida on April 7, 2018 with 100% occupancy. Let’s Work has been founded by Abhishek Kumar Gupta, enabler of Start-up Delhi and Kushagra Awasthi, founder Furnish Your Dream.

You can read more here: Noida gets another co-working space, Let’s Work set to start operations

I will hold my shares but I will not invest further in this market: Vijay Kedia

In an interview with ET Now, Vijay Kedia, MD, Kedia Securities, says he is not putting incremental cash in the markets because he is bearish but remains fully invested.

You can read more here: I will hold my shares but I will not invest further in this market: Vijay Kedia

NCLAT allows parties to settle dispute over Binani Cement sale

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) today allowed the parties in dispute over selling of debt-ridden Binani Cement to amicably settle the dispute.

You can read more here: NCLAT allows parties to settle dispute over Binani Cement sale

SSG Capital may be dark horse in race for Essar Steel

KOLKATA | MUMBAI: With the deadline for Essar Steel rebids ending on Monday, the stage is set for an intense fight to acquire one of India's largest private steel players.

You can read more here: SSG Capital may be dark horse in race for Essar Steel

Ola acquire public transport ticketing and commuting app Ridlr

BENGALURU: India's largest ride hailing application Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app. The deal marks Ola's expansion as a broader transportation company as it gets into public transport as well. The deal is primarily a stock transaction.

You can read more here: Ola acquire public transport ticketing and commuting app Ridlr

E-way bill: Rollout schedule for the intrastate movement of goods to be announced soon

The government may soon announce the rollout schedule for electronic way bills in intra-state sales under the goods and services tax regime, buoyed by the smooth implementation of the system for inter-state movement on April 1.

You can read more here: E-way bill: Rollout schedule for the intrastate movement of goods to be announced soon

Rajat Jain on where to look for comfort in a volatile market

In an interview with ET Now, Rajat Jain, CIO, Principal PNB AMC, says he is keeping his portfolio unchanged this quarter and that well-run large PSU banks are as good as private sector counterparts.

You can read more here: Rajat Jain on where to look for comfort in a volatile market

Seed funding dries, but gush of early & mid-stage infusion

Venture capital funding is seeing early signs of a turnaround with deals into early- and midstage startups picking up pace as risk-capital investors hunt for the next big winners in sectors such as financial technology and digital media.

You can read more here: Seed funding dries, but gush of early & mid-stage infusion

Essar Steel bid is Vedanta’s cup of tea: Anil Agarwal

Anil Agarwal, chairman of Vedanta Resources in an exclusive interview over phone talks about the reasons behind his decision to bid for Essar Steel. “It was there in the pipeline but when I spoke to people in Delhi, the bankers, everybody urged us to bid.

You can read more here: Essar Steel bid is Vedanta’s cup of tea: Anil Agarwal

Facor may go into liquidation as creditors reject all resolution plans

KOLKATA: Facor, one of India’s oldest producers of ferro alloys, is likely to be liquidated after the NCLT Kolkata bench was informed on Monday that its Committee of Creditors has rejected all bids.

You can read more here: Facor may go into liquidation as creditors reject all resolution plans

Lenders to mull over Binani Cement’s out-of-court settlement plea

KOLKATA: The Kolkata Bench of National Company Law Tribunal (NCLT) on Monday adjourned the hearing on Binani Cement insolvency proceedings to April 9 to give the committee of creditors time to consider parent Binani Industries’ application for a settlement outside the tribunal.

You can read more here: Lenders to mull over Binani Cement’s out-of-court settlement plea

NMDC Ltd and Indian Rare Earth Limited signs a MoU

KOLKATA: NMDC Ltd and Indian Rare Earth Limited (IREL) signed a MoU on Monday to jointly explore opportunities in rare earth elements in India and abroad. The two partners will also look at opportunities in setting up downstream value chain for rare earth products.

You can read more here: NMDC Ltd and Indian Rare Earth Limited signs a MoU

Paytm Mall raises Rs 2,900 crore from SoftBank, Alibaba

NEW DELHI: Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that values the online shopping venture of Paytm at USD 2 billion.

You can read more here: Paytm Mall raises Rs 2,900 crore from SoftBank, Alibaba

Zomato posts 45% growth in FY18 revenue at USD 74 mn

"We are now live in food ordering in 15 cities in India and five cities in the Middle East. We hit 5.5 million monthly food orders in March 2018," Goyal said.

You can read more here: Zomato posts 45% growth in FY18 revenue at USD 74 mn

Pune-based enterprise productivity start-up Keito raises seed round

AHMEDABAD: Keito, a enterprise productivity focused start-up in stealth mode, that provides solution for improving human productivity at work using AI, has closed its undisclosed amount of seed round. The fund will be used to enter Singapore or the US market by end of the year.

You can read more here: Pune-based enterprise productivity start-up Keito raises seed round

Tata Steel to pay Rs 35,200 crore cash for Bhushan Steel; to convert remaining debt to equity

Tata Steel has offered Rs 35,200 crore in cash and conversion of the remaining debt of about Rs 27,000 crore into equity to take over Bhushan Steel, the counsel for the Committee of Creditors (CoC) informed NCLT today. The creditors would get 12.

You can read more here: Tata Steel to pay Rs 35,200 crore cash for Bhushan Steel; to convert remaining debt to equity

SAIL, RINL spent Rs 7,804 cr on maintenance of plants during 2015-18

"SAIL and RINL have paid approximately Rs 2.89 crore as compensation to the injured persons and families of deceased during 2015-18," the minister said.

You can read more here: SAIL, RINL spent Rs 7,804 cr on maintenance of plants during 2015-18

Essar Steel bids not to be opened till NCLT order as deadline for submission ends: ET Now

The bidding process for Essar Steel has ended today at 5 pm with major players entering the fray, ET Now reported. ArcelorMittal which wants to enter the Indian steel market submitted its bid along with Japan's Nippon Steel and Sumitomo Metal.

You can read more here: Essar Steel bids not to be opened till NCLT order as deadline for submission ends: ET Now

GST collection on an upswing, exceeded FY18 target for direct tax: Finance secretary

Addressing a press conference, finance secretary Hasmukh Adhia said that the government has achieved the budgeted estimate for direct tax for FY18. The finance secretary said that total GST collections are on an upswing and the February mop up came in at Rs 89,260 crore.

You can read more here: GST collection on an upswing, exceeded FY18 target for direct tax: Finance secretary

Meeting regulatory expectation is the biggest challenge brokers are facing right now​: Uttam Bagri

Talking to Rahul Oberoi on the sidelines of ETMarkets Global Summit 2018, Uttam Bagri, Chairman, BSE Brokers' Forum, says technology is getting things together like never before and that is creating a lot of pressure on the brokers.

You can read more here: Meeting regulatory expectation is the biggest challenge brokers are facing right now​: Uttam Bagri

RP submits Vedanta offer for Electrosteel to NCLT

The Resolution Professional (RP) today submitted the Anil Agarwal group-owned Vedanta Ltd offer for bankrupt Electrosteel Steels Ltd before the Kolkata bench of National Company Law Tribunal (NCLT) for approval. According to reports, Vedanta's offer is around Rs 4,500-5,000 crore.

You can read more here: RP submits Vedanta offer for Electrosteel to NCLT

Why Yogesh Mehta is gung-ho on these two spaces

Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities, says other than private banks, he continues to be more positive on the four-wheeler space in the auto sector.

You can read more here: Why Yogesh Mehta is gung-ho on these two spaces

With an eye on MSMEs, SIDBI launches a slew of consumer connect programmes

Steps were also taken in commencing Bancassurance services for MSMEs. An MoU was signed with The New India Assurance and two MSMEs were issued insurance policies.

You can read more here: With an eye on MSMEs, SIDBI launches a slew of consumer connect programmes

Capital markets have a huge role to play in SMEs: Manish Kumar, GREX & REALX

Speaking on the sidelines of ETMarkets Global Summit 2018, Manish Kumar, Co-Founder, GREX & REALX, says opening up of SMEs and enthusiasm that has really been shown of late in the SMEs is a good indication that this market can be developed and cultivated very well.

You can read more here: Capital markets have a huge role to play in SMEs: Manish Kumar, GREX & REALX

Ryobi Cordless Brad Nailer Review

Another member of the Ryobi Airstrike family of Cordless Nailers is the Brad Nailer. Ryobi has really changed the cordless nailer market with their Airstrike Nailers. Operating on their ever popular 18V ONE+ line of batteries, Ryobi continues to bring budget-friendly tools to their lineup.

You can read more here: Ryobi Cordless Brad Nailer Review

Sajjan Jindal's JSW entering Essar Steel battle with Numetal?

Sajjan Jindal's JSW may enter one of India's fiercest corporate battles fought in recent times, that is the take over of Essar Steel. ET Now exclusively learns JSW is getting set to partner the Numetal consortium to bid for Essar Steel.

You can read more here: Sajjan Jindal's JSW entering Essar Steel battle with Numetal?

We are seeing green shoots in rural areas and expect it to continue this year: Saugata Gupta, Marico

FMCG companies are posting great growth numbers on volumes and revenues. Is this attributable to the low base and the restocking or is underlying demand actually coming back? It is a mix of two. The companies had a very low base of the demonetisation quarter in the preceding Q3.

You can read more here: We are seeing green shoots in rural areas and expect it to continue this year: Saugata Gupta, Marico

Pradip P Shah on where to find opportunity for investment

Talking to ET Now, Pradip P Shah, Chairman, IndAsia Fund Advisors, says there will be smaller size investments and you may have to look a little further in terms of midcap space to invest. There’s opportunity in smaller midcap space, be stock specific, says Shah.

You can read more here: Pradip P Shah on where to find opportunity for investment

Looking to diversify into fuel pumps segment: Jayant Davar, Sandhar Tech

ET Now: Sandhar Technologies got a fairly decent response, but are you satisfied with it? Jayant Davar: I was a little anxious keeping in mind the market volatility but the message that we tried to convey to prospective investors went well. We are satisfied this time.

You can read more here: Looking to diversify into fuel pumps segment: Jayant Davar, Sandhar Tech

Samsung Venture invests $4.6 million in Israeli tech firm

SEOUL: Samsung Venture Investment Corp, an affiliate of Samsung Electronics that specialises in fostering startups, said on Monday that it has invested $4.6 million in an Israel-based firm Audioburst. Audioburst specialises in Artificial Intelligence (AI) technology, Yonhap news agency reported.

You can read more here: Samsung Venture invests $4.6 million in Israeli tech firm

Fintech eco-system is moving to blockchain and AI: Rajat Gandhi, Faircent

Speaking on the sideline of the ETMarkets Global Summit 2018, Rajat Gandhi, Founder & CEO, Faircent.com, says they enable people and retail lenders to lend as little as Rs 750 and that requires cutting-edge technology. Edited excerpts: A lot of players have come into the fintech space.

You can read more here: Fintech eco-system is moving to blockchain and AI: Rajat Gandhi, Faircent

Reliance Infra bags Rs 441 crore EPC contract from government

MUMBAI: Reliance Infrastructure has won an engineering, procurement and construction (EPC) contract for Rs 441 crore from the Ministry of Road Transport and Highways for the upgrading of National Highway 66 in the Kashedi Ghat section which includes execution of three by three lane twin tunnels of t

You can read more here: Reliance Infra bags Rs 441 crore EPC contract from government

BHEL bags Rs 4400 cr contract from Uttar Pradesh

State-run Bharat Heavy Electricals Ltd (BHEL) has bagged Rs 4,400 crore order from Uttar Pradesh for setting up 1320-mw supercritical thermal power plant. The order has been placed on BHEL by Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), an official statement said.

You can read more here: BHEL bags Rs 4400 cr contract from Uttar Pradesh

Bank of India has recovered Rs 7000-8000 cr from different NPA accounts, says MD & CEO

In an interview with ET Now, Dinabandhu Mohapatra, MD & CEO, Bank of India, says next quarter, not only NPA will come down, the risk weighted asset will also come down. Post the notification from the Reserve Bankm the pressure has eased off on yields.

You can read more here: Bank of India has recovered Rs 7000-8000 cr from different NPA accounts, says MD & CEO

Experts strike a discordant note on Saavn, Jio $1-b deal

BENGALURU| MUMBAI: India’s largest company Reliance Industries set the country’s digital sector aflutter late last month, by announcing that its music streaming unit would merge with Saavn India, creating a new entity deemed to be worth $1 billion.

You can read more here: Experts strike a discordant note on Saavn, Jio $1-b deal

BHIM UPI transactions touch Rs 1 trillion in FY18

BENGALURU: Fiscal 2017-18 has been a year of transformation for BHIM Unified Payments Interface (UPI) transactions and activity on the platform is expected to further increase this fiscal.

You can read more here: BHIM UPI transactions touch Rs 1 trillion in FY18

Startup lobby group loses its chief executive

NEW DELHI: A former bureaucrat hired by founders of some home-grown tech titans such as Flipkart, Ola and Make-MyTrip to spearhead a think tank and lobby group for domestic startups has quit due to differences with promoters over the direction of the fledgling organisation.

You can read more here: Startup lobby group loses its chief executive

Bet on small-caps with good earnings growth: Shankar Sharma, First Global

Shankar Sharma, Vice-Chairman and Joint Managing Director, First Global talks about how the current correction in stock markets and factors affecting this volatility. Is the correction phase over? The current correction—it’s a correction, not a bear market—is expected to be over by April.

You can read more here: Bet on small-caps with good earnings growth: Shankar Sharma, First Global

Expect earnings growth to touch 20%-plus in FY19, too: Saion Mukherjee, Nomura

Volatility can intensify in the coming months due to political uncertainties but the long-term view on Indian equities remains positive, says Saion Mukherjee, head of India equity research at Nomura Financial Advisory & Securities (India).

You can read more here: Expect earnings growth to touch 20%-plus in FY19, too: Saion Mukherjee, Nomura

Paytm presses the refresh button to take on its rivals

BENGALURU: Paytm has tweaked its app’s user experience and brought multiple payment methods, including bank-to-bank transactions under its ‘Money Transfers’ option, as it seeks to overpower WhatsApp and Google’s payment businesses in the country.

You can read more here: Paytm presses the refresh button to take on its rivals

need2know: 11 macro triggers that should matter for market today

Here’s a lowdown on top macro triggers that may move market on Monday. This report was compiled from agency feeds.

You can read more here: need2know: 11 macro triggers that should matter for market today

RP changes bidding rules to keep Ruias out of race for Essar Steel

MUMBAI: Ahead of fresh bids for Essar Steel on Monday, the resolution professional (RP) has incorporated a “new legal addendum” in the request for proposal (RFP) that may force VTB and other members of the Numetal consortium to exclude Rewant Ruia’s Aurora Enterprise Mauritius from the groupin

You can read more here: RP changes bidding rules to keep Ruias out of race for Essar Steel

CIL misses FY 18 production target by 5%

State-run Coal India Ltd ( CIL) on Sunday reported that it has missed the production target for 2017- 18 ( FY 18) by five per cent but it achieved a 2.4 per cent growth in the fuel production over last year.

You can read more here: CIL misses FY 18 production target by 5%

Western Coalfields sees record 46.22 mt production in FY18

NAGPUR: Western Coalfields (WCL), a Coal India (CIL) subsidiary, has registered a rise in coal production for the fourth consecutive year with 46.22 million tonne during 2017-18, surpassing its own record of 45.7 mt coal production during 2009-10.

You can read more here: Western Coalfields sees record 46.22 mt production in FY18

India one of our healthiest markets: Uber CEO

Uber chief executive Dara Khosrowshahi is committed to investing further in the Indian market but also keeping a sharp eye on "eventual profitability", as the US-based cab aggregator ramps up operations in the country.

You can read more here: India one of our healthiest markets: Uber CEO

Layoffs to save $34 million annually: Snap Inc

Snap Inc, the parent company of Snapchat, has said that its recent layoffs of about 220 employees will save it $34 million per year in salaries and taxes, as well as a one-time benefit of $31 million related to stock-based comp forfeitures.

You can read more here: Layoffs to save $34 million annually: Snap Inc

Microsoft Ventures keen on desi startups

MUMBAI; Global tech major Microsoft is looking at investing in Indian tech startups through its venture funding arm, a senior official has said. "Microsoft Ventures is not here yet. We intend to come to this market...

You can read more here: Microsoft Ventures keen on desi startups

Tata Steel production down marginally at 3.02 mt in Q4 FY18

CEO & MD of Tata Steel, TV Narendran speaks during the CII HR Excellence Award Confluence 2017-18 in New Delhi. Tata Steel's provisional India production in the last quarter previous fiscal ending March 2018 was marginally down at 3.02 million tonnes, compared to 3.

You can read more here: Tata Steel production down marginally at 3.02 mt in Q4 FY18

Coal India sets 20 GW solar power generation target in next 10 yrs

NEW DELHI: Government-owned miner Coal India Ltd is planning to generate about 20,000 megawatt (MW) in the next 10 years as part of its diversification plan, a senior company official has said. India has set a target to generate 100 GW of solar power by 2022.

You can read more here: Coal India sets 20 GW solar power generation target in next 10 yrs