Tuesday 20 November 2018

How to create an awesome home woodshop

 
Whether woodworking is a new hobby or a source of income — or both — you can create a workshop right in your home with a little preparation and the right gear.
 
It all starts with defining your space, listing what you need, and making room for your personal sanctuary. This step-by-step guide will help you streamline the whole process so you can dive right into making your first piece of furniture or decor.
 
Defining Your Home Workshop (And Finding Space for It)
 
Before you start dragging in heavy-duty tools and installing pegboards on the walls, ask yourself:
 
  • What are the biggest projects I’ll work on in this room?
  • How often will I be in here?
  • What do I need to pull this off?
 
Your answers to those questions will help you create the blueprint for the perfect home workshop.
 
List What You Need 
 
Create two lists of the things you need for a great workshop — one for tools and accessories, and one for functional components.
 
Your tools and accessories list might look like this:
 
  • Stationary power tools. These woodworking tools — like your jointer, band saw, and wood lathe — will become permanent fixtures in your studio, so they’re among the most important to account for when you’re developing your plans.
  • Your workbench. Will you need a full-sized workbench, or will something smaller do? Are you building your own workbench, and if you are, can it double as a storage space?
  • Storage for hand tools and fire extinguishers. There are plenty of options for storing your gear, including hanging storage and pegboard, and now’s the time to start thinking about it. Make sure have the essentials covered — a good drill, hand planes (block plane, bench plane, jack plane, etc.), combination square, and your various saws chief among them.  
  • Shelving for materials. It wouldn’t be much of a woodshop if you didn’t make room to store wood so be sure to create a shelving system that will allow you to easily access whatever wood you need for a project, be it oak, rosewood, mahogany, etc.
 
Your list of functional components – the standards that your workshop needs to meet – might look like this:
 
  • A big enough door for large pieces and projects. You wouldn’t be the first person to build something too big to get out of a room, but do you really want to join those ranks?
  • Adequate lighting. Fine-tuning the details with a veneer saw requires you to be able to see – and so does operating a table saw, so make sure you have enough lighting to be able to reliably see what you’re doing.
  • Plenty of electrical outlets. You need enough outlets for power tools, your radio, and extra lamps.
  • Ventilation. Sawdust and paint or stain fumes require safe passage out of the room (and preferably not through your HVAC system, where they’ll get recycled through the house).
  • A moderately high ceiling. While you may not build projects so large that you’ll need an 8-foot ceiling, what happens when you need to flip over an 8-foot board? Make sure your ceiling is high enough to let you work comfortably.
  • A locking door. Curious kids and pets don’t belong in your workshop when you’re not there, so a locking door is a must-have. 

All these requirements can help you zero in on the perfect location for your home workshop, but if there’s no way you can fit it inside your home, you can use the She Shed concept and build your private enclave in the backyard.

Pen to Paper: Sketch Your Space

 
Grab a stack of graph paper and sketch out your total workspace to scale, using one block per square foot of the room or space you’re using. Cut out scaled cutouts of stationary tools, your workbench and the storage solutions you plan to use and experiment with different arrangements centered on a work triangle.
 
Pro tip: Plan for a wall-mounted TV, a radio or speakers in your space if you’re used to working with media playing in the background.
 
What is a Work Triangle? 
 
A work triangle makes it easier to work on projects in your space. The idea is that you’ll spend the majority of your time at one of three areas — your stationary power tools, your storage, or your workbench — all of which correspond to one of the three corners of the triangle.
 
Space-Saving Tricks That Give You More Room to Work
 
Even if you had unlimited space, it would be more convenient to store your tools and accessories efficiently. Use these space-saving secrets to make the most of every inch of your home workshop:
 
  • Invest in a pegboard. It’s the holy grail of shop organization, and it’s versatile enough that you can put it inside cabinets (or even just cabinet doors), mount it directly to the wall, or hang vertically in a pull-out drawer.
  • Build a fold-up workbench, like a Murphy bed. If you’re working on a project that doesn’t require you to sit at your workbench, you can tuck it away and give yourself instant floor space.
  • Use ceiling storage. Building slats along the ceiling where you can store clear bins of infrequently used tools and items can save you floor space while keeping your stuff within easy reach.
  • Put in recessed shelves. Removing drywall and putting shelves between studs can provide you with plenty of storage space for smaller items without cutting into your square footage.
  • Mount 45-degree-angled PVC pipe to a board. These round storage containers are perfect for thin items – pencils, paintbrushes and other accessories you need but are prone to losing.
Home Workshop Organization 
 
It’s normal to want to group things by type when you’re filling your workshop with all your woodworking essentials, but resist the urge – you can save yourself a lot of effort and make your time in the space much more efficient if you only pay attention to accessibility. Keep everything you use frequently within easy reach of your work triangle and put other things, even if they’re similar in nature to the tools or accessories you’re always using, in out-of-the-way locations.
 
What Does Your Dream Workshop Look Like? 
 
If you’re flexible enough, you can turn almost any space into your personal workshop. The key is laying it out so it works for you.
 
Have you created a woodworking shop in your house or backyard? Share your stories in the comments below to inspire others to carve out their own creative spaces.
 
Alejandra Roca is part of the content marketing team at Redfin Real-Time, a real-estate brokerage. She enjoys writing about home decor and real estate trends. Photos by Fox Mountain Woodworks.
 


from https://www.woodworkingnetwork.com/red-book/best-practices-guide/how-create-awesome-home-woodshop

Friday 9 November 2018

Infographic slideshow: Manufacturing talent shortage and what to do about it

A general shortage of unskilled and skilled labor is a big deal for the woodworking and manufacturing industries. 
 
Over the next decade, more than 3.5 million manufacturing jobs will likely need to be filled, but thanks to a skills gap, two million of these positions could go unfilled.
 
"The Skills Gap in U.S. Manufacturing", an in-depth report from Deloitte and the Manufacturing Institute, takes a deep dive into what will become of the issue over the next decade, as well as what executives can do to cope. We've summarized some of the report below and shown graphs highlighting the issue.
 
A major problem for manufacturers is to overcome how the manufacturing industry is perceived, says the report. The study found that most Americans consider manufacturing one of the most important domestic industries for maintaining a strong national economy, but rank it low as a career choice. Only 37 survey respondents in 2015 indicated they would encourage their children to pursue a manufacturing career. Those in the industry, however, are twice as likely to encourage their children to pursue manufacturing.
 
Seven out of 10 executives said it was hard to find workers with sufficient tech, computer, and technical training skills. More than 94 percent say internal employee training and development programs are the most effective for developing skilled workers and 72 percent say involvement with local schools and community colleges is effective.
 
Study authors say manufacturers should build robust community outreach programs, design curriculums in collaborations with technical and community colleges, and continue to invest in external relationships to attract talent. 
 
As you can expect, the effects of talent shortages are being felt. More than 75 percent of survey respondents believe the greatest impact of the skills shortage will be in maintaining or increasing production levels in line with customer demand. As manufacturers struggle to support production plants with insufficient human capital, existing resources tend to become stretched. Current data suggests annual working hours in manufacturing is 17 percent more than in all private industries. 
 


from https://www.woodworkingnetwork.com/management/infographic-slideshow-manufacturing-talent-shortage-and-what-do-about-it

Tuesday 25 September 2018

Sharpen your bandsaw blade on the mill

Through the years I have dulled a lot of bandsaw blades on my sawmill, and for the longest time, I have struggled with keeping them sharp. I have tried multiple tools and methods to get this done, but only within the last year do I feel like I have found a good solution.
 
The problem starts with the bandsaw blade itself. It is a finicky conglomeration of bent teeth, cut from a thin piece of flexible steel that is somehow supposed to cut a straight line, not only from front to back, but also side to side, and if it isn’t well machined and sharp, there isn’t a snowball’s chance that this is going to happen.
 
Early in my career, when a new saw blade dulled and started to cut waves, I would try things like adding tension to the blade, slowing down my feed rate or even adjusting my blade guides. No matter what I tried, a dull blade would still make a wavy cut. However, if I used the exact same setup but installed a new blade, the cut would be perfect again. As a matter of fact, almost every other adjustment could be less than perfect and a sharp blade would still make a good cut. From 15 years of experience, it is clear that I need to keep my saw blade sharp and touch nothing else.
 
My standard course of action is to put on a new or newly sharpened blade from Wood-Mizer when my cut starts getting wavy. This is a great way to live. Nothing cuts like a brand new blade, and it feels like a treat to put one on. Even the resharpened blades cut great since they get a complete factory treatment, including cleaning and full tooth grinding and setting. I have always had great results from Wood-Mizer, and I highly recommend their new blades and resharpening service. (Disclaimer: I am not being paid by Wood-Mizer and Wood-Mizer doesn’t know I’m writing this post – they probably don’t even know I exist.)
 
The problem for me was that time in between cutting like new and cutting like crap. I would have a blade that was cutting great, but I could feel it pulling hard and on the verge of cutting poorly. I didn’t want to pull it off of the saw because it was running so well, but at the same time, I knew my time was limited. If I could just get an edge back, I could keep cutting with the same blade and not have to mess with sending the blade off to be sharpened, and I would save $7 (by the way, I think $7 is a great price for the quality of service, but I would rather not spend it if I don’t have to). So, off I went, looking for a way to sharpen blades on my own.
 
In the past, I tried using a manual sharpener that came with my first bandsaw mill. It functioned like it was designed to, but the results weren’t great. Besides having to take the blade off of the mill and set it up in the sharpener, it used a stone that wore down quickly and wouldn’t maintain a flat, consistent face on the tooth (looking back, I probably should have tried some other stone options, but I didn’t).
 
Later, I tried a few other approaches. The first was using my chainsaw grinder, like the one below, which had a similar problem to the first grinder. The small stones would wear down quickly and the thin bandsaw blade would basically cut the stones in half.
 
This grinder is great for chainsaws but not for bandsaw blades because the stones wear down too fast.
The next attempt used a sanding disc on a drill. I liked the idea of using sandpaper because it maintained a flat surface during grinding – it would wear down, but not change shape. This one showed potential, but it was incredibly hard to control because the spinning motion pulled the drill up and away from the blade.
 
I finally gave up, feeling like I had exhausted every option cheaper than buying a fully automatic grinder like the factory has, but I never gave up on the idea of sandpaper as a good abrasive that doesn’t change shape.
 
Up to that point, all of my attempts focused on sharpening the saw by grinding the front of the tooth. There was nothing else I could think of that would fit between the teeth and grind the front of them. But, then I thought about grinding the top of the teeth. This surface is easier to get to and taking material off of the top will still lead to a sharp point – it doesn’t really matter which face gets ground down.
 
I started off with my 3″ Porter-Cable belt sander just to try things out and it worked great. I could sand the top edge of the tooth with control and the speed was slow enough to not feel like I was burning the metal (which softens the teeth). The only problem was the weight of the belt sander, which might as well have been 1,000 lbs. because there was no way I could hold it to sharpen all of the teeth on the blade.
 
At the time I didn’t own a small belt sander, so I took a gamble and purchased a Porter-Cable 371 compact belt sander. I figured that even if it didn’t work for the blade sharpening I would at least have another tool in my woodworking arsenal and that there were going to be plenty of times when a small belt sander would come in handy. Finding other uses for the new sander hasn’t been much of an issue though, because it works great to sharpen blades, and it is always parked (plugged in) right next to my saw, ready for the next dull one to come along.
 
I simply leave the blade on the saw and grind just enough off of the top of each tooth to get the edge back. I use my free hand to steady the blade and to advance the saw to the next tooth. In a matter of just a few minutes I can be back to cutting, feeling like I have beat the system.
 
I use my left hand to stabilize the blade and to advance it to the next tooth.
Now, there are limits to sharpening your saw like this. First off, no matter how good you get with the sander, the blade will not be as good as a new one or one that has had a full factory grind and set because this grinding is changing the geometry of the already finicky blade. And, it will do nothing to improve a blade that was just generally running badly or running badly for a specific reason like hitting a rock or metal (all of these problem blades get sent out for a full resharpening). It will, however, make a blade that was running well continue to run well and make flat, straight cuts for much longer.
 
Generally, it seems to work out that I touch up a blade with the sander a time or two and then send it out for full service or, for some of them, they keep working great and I keep sharpening them with the sander until they break. For all of the others, I hit something along the way (dirt, rocks, concrete, nails, hooks, cable, wire, screw-eyes, barbed wire, fence posts, screws, license plates, horseshoes, railroad spikes, chain, conduit, hangers) that either destroys the blade or dulls it enough that it needs a full regrind.
 
Even if I don’t use this method all of the time, it is nice to have another option to get back to cutting. If nothing else, I personally love the comfort of knowing that when I get down to my last new blade (and forgot for the second week in a row to order new ones) that I won’t be stuck cutting wavy lumber.
 


from https://www.woodworkingnetwork.com/management/sharpen-your-bandsaw-blade-mill

Friday 17 August 2018

How to fold up a bandsaw blade

Whenever I put a new blade on my sawmill, I fold up the old one to send it out for sharpening. I don’t find the process as awesome as I used to, but it still seems to intrigue others that haven’t seen me do it before. And, I must admit, when I know someone is watching that hasn’t seen me fold up a bandsaw blade before, I do it extra fast and super snappy to make it seem even more dazzling. With a quick flick of my wrists, the 50″ diameter loop of bandsaw blade is reduced to three loops at just 17″, making it easier to handle and ship out.
 
I learned how to coil a bandsaw blade like this pre-YouTube and over the phone from the kids at Wood-Mizer, who supply and sharpen my blades. It took a few tries to do it the first time and many more to get good at it, but I figured if I could learn it over the phone then I could certainly show others how to do it with visuals. The good news is that like learning to ride a bike, once you get it, you’ve got it.
 
To prepare, put on some gloves (without holes). Start by holding the blade with each of your hands on the outside of the blade, away from your body and parallel to the ground with the teeth facing up. Imagine that you are holding out a large basketball hoop in front of you waiting for someone else to take a shot. From there, whip the portion of the blade furthest from you towards the ground and just as the blade nears the ground give it a quick jerk up, with a snap. This motion will make the blade start to fold in half, with the teeth going away from you. At the same time that the blade starts to fold in half, simply twist both of your wrists towards the inside of the loop. If your timing is right, you will get to a certain point where the blade no longer wants to fight you and then it will just spring into three loops.
 
When first learning to coil a bandsaw blade, you can cheat by using the ground to help you get started.
 
When you are first learning this technique you may find it helpful to get a feel for it by cheating a bit. Start just as described above while standing on carpeting or grass or some other surface that is soft and will grab the teeth of the saw blade (I show it in the photos using a piece of lumber). Now, instead of whipping the blade towards the ground, just drop the end furthest away from you to the ground, so that the blade is now perpendicular to the ground. Use the soft and grabby surface to snag the teeth as you start to lift and push the blade up an away from you. Instead of getting the blade to fold in half with a whip motion, you are now going to get it to fold by pushing against the soft floor. As the blade starts to fold in half, with the teeth away from you, roll your wrists to the inside of the loop, just like described above. Using this method, you will be able to feel the exact point where the blade stops fighting you and happily coils into three loops. You should be able to get a feel for it after just a few times with this “cheating” method and then move on to the fancy, snappy method.
 
As the front of the blade starts to fold down and towards you, twist your wrists and push towards the inside of the loop.
 
When your hands move to the inside of the loop, the back of the blade (closest to you) will curve down.
 
After a certain point the blade will jump into three loops and stay there. Now you’ve got it!


from https://www.woodworkingnetwork.com/red-book/best-practices-guide/how-fold-bandsaw-blade

Thursday 10 May 2018

KITCO bags consultancy projects of BEL, HAL

KITCO Ltd, India’s premier technical consultancy organisation, has bagged major consultancy projects of public sector Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL). Read more here: KITCO bags consultancy projects of BEL, HAL
Read More Here: KITCO bags consultancy projects of BEL, HAL

SastaSundar.com opens their 200th Healthbuddy store in West Bengal

SastaSundar.com, one of the leading digital network of healthcare in India, announced the opening of their 200th Healthbuddy store in West Bengal. The SastaSundar. Read more here: SastaSundar.com opens their 200th Healthbuddy store in West Bengal
Read More Here: SastaSundar.com opens their 200th Healthbuddy store in West Bengal

Govt in talks with RBI to find ways for improving credit flow to MSMEs

NEW DELHI: The MSME ministry is in talks with the Reserve Bank to explore ways to improve credit flow to micro, small and medium enterprises across the country, a top government official said today. Read more here: Govt in talks with RBI to find ways for improving credit flow to MSMEs
Read More Here: Govt in talks with RBI to find ways for improving credit flow to MSMEs

Pricey crude bad news even for oil producers in long term: Faith Birol, IEA

In an exclusive interview with ET Now, Faith Birol, ED, International Energy Agency, tries to decode the dynamics of a dearer oil. Too high oil prices mean shale oil in the US and deep water in Brazil or Mexico would get a leg-up. Even deployment of electrical vehicles may speed up. Read more here: Pricey crude bad news even for oil producers in long term: Faith Birol, IEA
Read More Here: Pricey crude bad news even for oil producers in long term: Faith Birol, IEA

Tata Steel launches new website, Aashiyana

KOLKATA: Tata Steel has launched a new website, Aashiyana, to address the varied needs of Individual Home Builders (IHB), the core customer segment for its Rs 5,800-crore retail brand Tata Tiscon. Read more here: Tata Steel launches new website, Aashiyana
Read More Here: Tata Steel launches new website, Aashiyana

Defensive right now, focus is on these 2 sectors: Sunil Subramaniam

In an interview with ET Now, Sunil Subramaniam, CEO, Sundaram Mutual Fund, says he is focussing on consumption and IT sectors now. Subramaniam also raises red flags about OMCs whose margins are seen to be facing some squeeze. Earnings by and large have been factored in by largecaps. Read more here: Defensive right now, focus is on these 2 sectors: Sunil Subramaniam
Read More Here: Defensive right now, focus is on these 2 sectors: Sunil Subramaniam

Moms call the shots on online shopping for household: OLX survey

NEW DELHI: Women are calling the shots more than ever before by being the key influencers to household decisions on what to shop online, reveals a survey by OLX India, an online classifieds company. Read more here: Moms call the shots on online shopping for household: OLX survey
Read More Here: Moms call the shots on online shopping for household: OLX survey

Jindal Steel bets big on higher internal accruals, sale of overseas assets to reduce Rs 42,000 crore debt

Jindal Steel & Power Ltd (JSPL) said it will focus on paring its Rs 42,000 crore debt by half in the next three years. Read more here: Jindal Steel bets big on higher internal accruals, sale of overseas assets to reduce Rs 42,000 crore debt
Read More Here: Jindal Steel bets big on higher internal accruals, sale of overseas assets to reduce Rs 42,000 crore debt

Federal Bank growth intact, extra NPAs came from old accounts: CEO

Shyam Srinivasan, MD and CEO, Federal Bank, is clear that RBI’s NPA guidelines led to recognition of the slippages. Talking to ET Now, Srinivasan made the point that there is no need to raise funds as capital adequacy is stable and almost all of it is in tier I capital. Read more here: Federal Bank growth intact, extra NPAs came from old accounts: CEO
Read More Here: Federal Bank growth intact, extra NPAs came from old accounts: CEO

Entrepreneur 101: To nurture job growth, US universities seed startups

NEW YORK: A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities. Read more here: Entrepreneur 101: To nurture job growth, US universities seed startups
Read More Here: Entrepreneur 101: To nurture job growth, US universities seed startups

How to Build a Birdhouse

Birdhouses are one of those first projects that every kid remembers. As a child, I remember building some in Girl Scouts and I have already built several with my own kids. Read more here: How to Build a Birdhouse
Read More Here: How to Build a Birdhouse

Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore

MUMBAI: Venture debt firm Alteria Capital has made its latest bet in the country’s startup ecosystem, investing Rs 15.5 crore in education technology firm Toppr. Read more here: Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore
Read More Here: Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore

Innovaccer raises $25 million Series B led by Westbridge Capital

BENGALURU: San Francisco based Innovaccer Inc., a healthcare data platform company, has raised a Series B round of $25 million (approx Rs 168 crore) led by Westbridge Capital with participation from Lightspeed Ventures. Read more here: Innovaccer raises $25 million Series B led by Westbridge Capital
Read More Here: Innovaccer raises $25 million Series B led by Westbridge Capital

Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore

MUMBAI: Venture debt firm Alteria Capital has made its latest bet in the country’s startup ecosystem, investing Rs 15.5 crore in education technology firm Toppr. Read more here: Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore
Read More Here: Venture debt firm Alteria Capital backs Toppr with Rs 15.5 crore

Punit Lalbhai and Arvind's 3 pillars of growth

In an interview with ET Now, Punit Lalbhai, ED, Arvind, explains how verticality or vertical intergration, innovation and promotion of Arvind as a fabric brand will come together to boost the textile business. Read more here: Punit Lalbhai and Arvind’s 3 pillars of growth
Read More Here: Punit Lalbhai and Arvind's 3 pillars of growth

The antidote of Modi government's job crisis: Labour reforms in the MSME sector

The Micro, small and medium enterprises (MSMEs) are the backbone of the Indian economy, but the country’s myriad laws, regulations and bureaucracy has led to a peculiar problem where enterprises prefer not to scale and remain small. Read more here: The antidote of Modi government’s job crisis: Labour reforms in the MSME sector
Read More Here: The antidote of Modi government's job crisis: Labour reforms in the MSME sector

Supreme Court rejects Dalmia Bharat's plea challenging NCLT's Binani order

The Supreme Court has rejected Dalmia Bharat’s plea challenging the NCLT Kolkata bench order directing the lenders of the Binani Cement to consider Ultratech’s revised bid, ET Now reported. Read more here: Supreme Court rejects Dalmia Bharat’s plea challenging NCLT’s Binani order
Read More Here: Supreme Court rejects Dalmia Bharat's plea challenging NCLT's Binani order

Really sad to see Sachin leave Flipkart, co-founder Binny Bansal

NEW DELHI: They were considered the Jai-Veeru of Indian startup panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other. Read more here: Really sad to see Sachin leave Flipkart, co-founder Binny Bansal
Read More Here: Really sad to see Sachin leave Flipkart, co-founder Binny Bansal

Lenovo launches V-Series laptop for SMEs, startups in India

NEW DELHI: Chinese technology major Lenovo on Thursday launched a new V-series laptop “V330” for small and medium enterprises (SMEs) and startups with prices starting from Rs 48,000. Read more here: Lenovo launches V-Series laptop for SMEs, startups in India
Read More Here: Lenovo launches V-Series laptop for SMEs, startups in India

JSPL will cut debt by Rs 4,000-5,000 crore this year: CEO

In an interview with ET Now, Naushad A Ansari, CEO, Steel Business, JSPL, says it is a fairly healthy situation with a strong order book and requisite ramping up. Best of all, the margins are improving. A great top line growth to start with for Jindal Steel. Read more here: JSPL will cut debt by Rs 4,000-5,000 crore this year: CEO
Read More Here: JSPL will cut debt by Rs 4,000-5,000 crore this year: CEO

Walmart to open 50 new stores in India in 4 years

NEW DELHI: A day after announcing $16 billion investment in India’s largest online retailer Flipkart, Walmart Inc said on Thursday it will continue to grow its wholesale cash-and-carry business, adding 50 new stores in the next four-five years. Read more here: Walmart to open 50 new stores in India in 4 years
Read More Here: Walmart to open 50 new stores in India in 4 years

Aditya Puri’s retirement no big risk for HDFC Bank: Kunal Shah, Edelweiss

Talking to ET Now, Kunal Shah, Associate Director, Edelweiss Financial Services, says the succession process has been set and the successor would be identified 12 months prior to Puri’s retirement. Read more here: Aditya Puri’s retirement no big risk for HDFC Bank: Kunal Shah, Edelweiss
Read More Here: Aditya Puri’s retirement no big risk for HDFC Bank: Kunal Shah, Edelweiss

Wednesday 9 May 2018

PROJECT: Tabletop Fire Pit

Our weekend project will light your way to outdoor enjoyment. Brighten your backyard or patio with this fun-to-build project. Read more here: PROJECT: Tabletop Fire Pit
Read More Here: PROJECT: Tabletop Fire Pit

Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep

NEW DELHI: Lenders of bankrupt Jaypee Infratech today rejected a Rs 7,350 crore bid by , the highest bidder for the company, as they found it inadequate, multiple sources privy to the discussions said. Sources said 85 per cent of the lenders voted against the offer while only 6. Read more here: Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep
Read More Here: Jaypee Infratech lenders reject Rs 7,350 crore bid by Lakshwadeep

Walmart’s $16 billion India investment creates two billionaires

The world’s wealthiest family has just bestowed billionaire status on two of India’s most feted tech entrepreneurs. Walmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion. Read more here: Walmart’s $16 billion India investment creates two billionaires
Read More Here: Walmart’s $16 billion India investment creates two billionaires

ArcelorMittal hires Bank of America to sell European steel assets

The world’s largest steelmaker ArcelorMittal has hired Bank of America-Merrill Lynch to sell a number of its steel assets to secure antitrust clearance to acquire Italian peer Ilva. Read more here: ArcelorMittal hires Bank of America to sell European steel assets
Read More Here: ArcelorMittal hires Bank of America to sell European steel assets

E-commerce will grow at four times the pace of overall retail in India: Walmart

KOLKATA: Retail giant Walmart expects e-commerce will grow at four times the pace of overall retail in India over the next five years, as per the US-based retail giant’s investor presentation for its acquisition of majority stake in Flipkart. Read more here: E-commerce will grow at four times the pace of overall retail in India: Walmart
Read More Here: E-commerce will grow at four times the pace of overall retail in India: Walmart

Why Sachin Shah is betting on discretionary consumption

In a chat with ET Now, Sachin Shah, Fund Manager, Emkay Investment Managers, says discretionary spending and some bit of consumption demand is also coming back. It is said crisis first comes in currencies and then it trickles down to commodities and then lastly to equities and debt. Read more here: Why Sachin Shah is betting on discretionary consumption
Read More Here: Why Sachin Shah is betting on discretionary consumption

Amazon would be regretting about the two interns it had let go a decade ago

Walmart’s purchase of 77% stake in Flipkart has put Amazon against its biggest rival in India too. Amazon closely trailed Flipkart in GMV market share for 2017. Flipkart was seen to be no match for the American behemoth in the long term. Read more here: Amazon would be regretting about the two interns it had let go a decade ago
Read More Here: Amazon would be regretting about the two interns it had let go a decade ago

Manpreet Badal inaugurates Max Speciality Films BOPP unit

CHANDIGARH: Max Speciality Films Limited, one of the leading manufacturers of BOPP packaging films, launched its fifth BOPP films manufacturing line today thus significantly increasing its capacity from 46.35 KTPA to 80.85 KTPA. Read more here: Manpreet Badal inaugurates Max Speciality Films BOPP unit
Read More Here: Manpreet Badal inaugurates Max Speciality Films BOPP unit

We are still overweight on government capex theme: Mihir Vora

In an interview with ET Now, Mihir Vora, Director & CIO, Max Life Insurance, says he has gone neutral to mildly overweight on IT, cutting down the earlier underweight stance on the sector. Read more here: We are still overweight on government capex theme: Mihir Vora
Read More Here: We are still overweight on government capex theme: Mihir Vora

3 consumption-linked firms that can offer 20% earnings growth: Amnish Aggarwal

The broad trend for FMCG is positive, but there is a large divergence which is visible. Dabur volume growth numbers were strong, however, Marico’s numbers didn’t look so encouraging. Emami was just about there and Jubilant FoodWorks’ same-store sales have been absolutely amazing. Read more here: 3 consumption-linked firms that can offer 20% earnings growth: Amnish Aggarwal
Read More Here: 3 consumption-linked firms that can offer 20% earnings growth: Amnish Aggarwal

HDFC Bank’s founding member Samir Bhatia tweaks business, raises $3 million

AHMEDABAD: HDFC Bank’s founding member Samir Bhatia, tweaks his marketplace venture, enters into fintech space, re-launched as fintech start-up – SMEcorner.com targeting India’s colossal retailers and shopkeepers’ segment. Read more here: HDFC Bank’s founding member Samir Bhatia tweaks business, raises $3 million
Read More Here: HDFC Bank’s founding member Samir Bhatia tweaks business, raises $3 million

NTPC unveils payment tracking app for vendors

NEW DELHI: State-run NTPC has unveiled a mobile phone application to help its micro and small vendors track payments for materials supplied by them. Around 3,500 vendors supply materials worth around Rs 1,000 crore every year to the power major. Read more here: NTPC unveils payment tracking app for vendors
Read More Here: NTPC unveils payment tracking app for vendors

NTPC unveils payment tracking app for vendors

NEW DELHI: State-run NTPC has unveiled a mobile phone application to help its micro and small vendors track payments for materials supplied by them. Around 3,500 vendors supply materials worth around Rs 1,000 crore every year to the power major. Read more here: NTPC unveils payment tracking app for vendors
Read More Here: NTPC unveils payment tracking app for vendors

Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal

Walmart Inc. on Wednesday announced its high profile acquisition of Flipkart for $16 billion for a valuation of over $20 billion, making it the largest ecommerce acquisition in the world. The Bentonville company has acquired 77% of the Bengaluru-based company, as per sources. Read more here: Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal
Read More Here: Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal

India can take stresses, concern on oil a bit premature: Prateek Agarwal

While the rupee remains in a spot of bother, monsoon outlook is a cause for cheer, says Prateek Agarwal of ASK Investment Manager. During an interaction with ET Now, he made his preference known, saying consumption should hold out well in coming days. Read more here: India can take stresses, concern on oil a bit premature: Prateek Agarwal
Read More Here: India can take stresses, concern on oil a bit premature: Prateek Agarwal

Bosch Blaze LDM Review

I know there are other power tool manufacturers that produce LDM’s but for me, I am sold on Bosch. Now I am not here to sell you on Bosch LDM’s, frankly, I don’t care if you buy one or not. But for me, this is one of those product lines I don’t think gets enough love. Read more here: Bosch Blaze LDM Review
Read More Here: Bosch Blaze LDM Review

Bosch Blaze LDM Review

I know there are other power tool manufacturers that produce LDM’s but for me, I am sold on Bosch. Now I am not here to sell you on Bosch LDM’s, frankly, I don’t care if you buy one or not. But for me, this is one of those product lines I don’t think gets enough love. Read more here: Bosch Blaze LDM Review
Read More Here: Bosch Blaze LDM Review

ULIPs sell more now but that would change in next 5-7 years: Amitabh Chaudhry, HDFC Life

In an interview with ET Now, Amitabh Chaudhry, MD & CEO, HDFC Life, says ULIP sales are easier to execute because of the transaction size. To get the kind of volume one gets from selling one ULIP product, you have to sell five protection policies. But all that will change over time. Read more here: ULIPs sell more now but that would change in next 5-7 years: Amitabh Chaudhry, HDFC Life
Read More Here: ULIPs sell more now but that would change in next 5-7 years: Amitabh Chaudhry, HDFC Life

'Oops': Walmart's biggest deal ever, announced by SoftBank's CEO

This isn’t the way multibillion-dollar deals usually get announced. Hours before Walmart Inc. was scheduled to unveil the largest acquisition in its history, Masayoshi Son, chief executive officer of SoftBank Group Corp., spilled the beans to a roomful of investors and journalists in Tokyo. Read more here: ‘Oops’: Walmart’s biggest deal ever, announced by SoftBank’s CEO
Read More Here: 'Oops': Walmart's biggest deal ever, announced by SoftBank's CEO

Lenskart invests $500,000 in California-based reading glasses maker ThinOptics Inc

NEW DELHI: Eyewear solutions company Lenskart Solutions has invested $500,000 (about Rs 3.37 crore) in California-based startup ThinkOptic Inc, the TPG Growth, International Finance Corp and PremjiInvest-backed company announced. Read more here: Lenskart invests $500,000 in California-based reading glasses maker ThinOptics Inc
Read More Here: Lenskart invests $500,000 in California-based reading glasses maker ThinOptics Inc

Dassault Systemes launches campaign to strengthen Indian SMEs

PUNE: With the aim to connect with small and medium enterprises (SMEs) and industrial hubs in tier II cities in India, 3D Experience major Dassault Systemes on Wednesday flagged off the “3DEXPERIENCE on WHEELS 2018” campaign in Pune to showcase the 3DEXPERIENCE platform. Read more here: Dassault Systemes launches campaign to strengthen Indian SMEs
Read More Here: Dassault Systemes launches campaign to strengthen Indian SMEs

Done deal! Softbank CEO confirms Walmart is buying controlling stake in Flipkart

NEW DELHI Global retail giant Walmart has formally agreed to buy a controlling stake in Flipkart. The deal, probably the biggest in the e-commerce space, was confirmed by Softbank CEO Masayoshi Son. Softbank is Flipkart’s largest investor. The deal is going to shake things up. Read more here: Done deal! Softbank CEO confirms Walmart is buying controlling stake in Flipkart
Read More Here: Done deal! Softbank CEO confirms Walmart is buying controlling stake in Flipkart

Vivek Mavani on why he would rather not buy these stocks

In a chat with ET Now, Vivek Mavani, owner, Vivek Mavani Financial Services, says Eicher is a good stock but could only be bought on decline as it is too expensive. Also he will keep away from corporate facing banks like Axis and ICICI Bank as he has no tolerance for factors beyond his control. Read more here: Vivek Mavani on why he would rather not buy these stocks
Read More Here: Vivek Mavani on why he would rather not buy these stocks

Ratan Tata backed startup, Niki.ai, reports 430% revenue growth

PUNE: Artificial intelligence startup Niki.ai has reported an 800 per cent year-on-year increase in gross merchandise value (GMV), resulting in revenue growth of 430%. The startup, backed by Ratan Tata, Unilazer Ventures and SAP. Read more here: Ratan Tata backed startup, Niki.ai, reports 430% revenue growth
Read More Here: Ratan Tata backed startup, Niki.ai, reports 430% revenue growth

Unitus Ventures invests $1 million in AI startup i3systems

NEW DELHI: Unitus Ventures has led a $1 million (Rs 6.75 crore) in healthcare and life insurance-focused artificial intelligence startup i3systems, the marquee impact investment firm announced on Wednesday. Read more here: Unitus Ventures invests $1 million in AI startup i3systems
Read More Here: Unitus Ventures invests $1 million in AI startup i3systems

E-way bill: All you need to know & experiences of the first month

India has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally managed to successfully roll out the E-way bill system for tracking goods movement under the Goods and Services Tax (GST) from April 1, 2018. Read more here: E-way bill: All you need to know & experiences of the first month
Read More Here: E-way bill: All you need to know & experiences of the first month

Trader gets GST notice for 17-pt decimal error

AHMEDABAD: In a case of extreme intolerance for any discrepancy in Good and Services Tax (GST) returns under scrutiny, the proprietor of a city-based engineering company, Sanjay Ghosh (name changed to protect privacy), has received a notice from the state tax department stating there was a discrepan Read more here: Trader gets GST notice for 17-pt decimal error
Read More Here: Trader gets GST notice for 17-pt decimal error

GST digital discounts may cost Rs 15,000 crore

NEW DELHI: The government has estimated that the Centre and the states may have to forgo up to Rs 15,000 crore in offering discounts of up to Rs 100 on GST for every digital transaction, including those done using credit or debit cards or mobile wallets and mobile and net banking. Read more here: GST digital discounts may cost Rs 15,000 crore
Read More Here: GST digital discounts may cost Rs 15,000 crore

Manish Sonthalia has just gone overweight on these 4 stocks

In an interview with ET Now, Manish Sonthalia, Head-Equities, Motilal Oswal Asset Management-PMS, explains why he reduced 14-15% allocation on HPCL to 5% and reallocated the extra 10% among Federal Bank, Bayer Cropscience, Godrej Industries and Aegis Logistics. Read more here: Manish Sonthalia has just gone overweight on these 4 stocks
Read More Here: Manish Sonthalia has just gone overweight on these 4 stocks

Tuesday 8 May 2018

GTL lenders look to sell debt

In a regulatory filing on Tuesday, the company said that “in view of the recent sector developments, options to right-size the debt either through an ARC debt sale process initiated by lenders or in accordance with the revised RBI guidelines dated February 12, 2018 are being envisaged”. Read more here: GTL lenders look to sell debt
Read More Here: GTL lenders look to sell debt

Album Premiere: Luke Winslow-King, ‘Blue Mesa’

via Timbre
Read More Here: Album Premiere: Luke Winslow-King, ‘Blue Mesa’

Landscape Help: Tree and Shrub Identification Made Easy

Being able to identify the trees and woody shrubs on your property isn’t just an asset, it’s a matter of safety and practicality. Read more here: Landscape Help: Tree and Shrub Identification Made Easy
Read More Here: Landscape Help: Tree and Shrub Identification Made Easy

Conducting an Informal Energy Audit

With spring solidly on the way, it’s the perfect time to perform an energy audit on your house. These highly detailed investigations can tell you exactly where you’re wasting energy in your home and fixing them can save you hundreds of dollars each year in power bills. Read more here: Conducting an Informal Energy Audit
Read More Here: Conducting an Informal Energy Audit

Garage Door Maintenance Made Easy

Your garage door is the largest moving part in your home and may go up and down up to 1,000 times each year. That’s more wear and tear than almost any other part of the house. When it’s in good condition, your garage door offers you security and convenience. Read more here: Garage Door Maintenance Made Easy
Read More Here: Garage Door Maintenance Made Easy

Cork Your Glue Bottle

Even though I try to be careful, I often lose the little caps that come on some carpenter’s glue bottles. When I do, I have a simple trick for replacing them. I drill holes in both ends of a synthetic wine bottle cork about 1/2″ deep. Then, I cut the cork in half to make two glue bottle caps. Read more here: Cork Your Glue Bottle
Read More Here: Cork Your Glue Bottle

'Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart'

NEW DELHI: Flipkart founders Sachin and Binny Bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts. Read more here: ‘Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart’
Read More Here: 'Flipkart founders may be liable for 20% capital gains tax after stake sale to Walmart'

Amazon India gets Rs 2600 crore infusion for marketplace

BENGALURU: Amazon India has received a fresh infusion of Rs 2,600 crore from its parent company for its marketplace business, one of the largest by the Seattle firm in its India business, just as rival Flipkart is to be acquired by Walmart. Read more here: Amazon India gets Rs 2600 crore infusion for marketplace
Read More Here: Amazon India gets Rs 2600 crore infusion for marketplace

Quick Check for Band Saw Table Squareness

Every now and then, it’s a good idea to check your band saw table for squareness to the blade. Here’s the quick method I like to use: take a piece of flat, square-edged scrap and cut a shallow kerf into one edge. Now pivot the block around so the kerf faces the back of the blade. Read more here: Quick Check for Band Saw Table Squareness
Read More Here: Quick Check for Band Saw Table Squareness

Reader’s Favorite Exotic Domestic Woods

Last issue, Rob asked for your favorite regional or exotic North American woods. You responded in droves with some pretty cool choices! Here are some choices, starting with the overwhelming favorite: Mesquite. – Editor Read more here: Reader’s Favorite Exotic Domestic Woods
Read More Here: Reader’s Favorite Exotic Domestic Woods

Tata Steel moves NCLAT over Liberty House bid for Bhusan Power

Tata Steel has moved the National Company Law Appellate Tribunal (NCLAT) challenging the order of NCLT, which had last month directed the CoC of debt ridden Bhushan Power & Steel to consider the bid of UK-based Liberty House. Read more here: Tata Steel moves NCLAT over Liberty House bid for Bhusan Power
Read More Here: Tata Steel moves NCLAT over Liberty House bid for Bhusan Power

Protecting Your Garden Against the Last Frosts of the Season

Every gardener gets itchy fingers early in the spring, wanting to dig into the soil and plant their first seeds and seedlings. Read more here: Protecting Your Garden Against the Last Frosts of the Season
Read More Here: Protecting Your Garden Against the Last Frosts of the Season

Resolution Professional allows representation of Binani's operational creditors

The Resolution Professional of the Binani Committee of Creditors (CoC) has allowed representation of the operational creditors of Binani Cement, despite no provision of the same under existing norms. Read more here: Resolution Professional allows representation of Binani’s operational creditors
Read More Here: Resolution Professional allows representation of Binani's operational creditors

Walmart's grocery delivery partnerships with Uber, Lyft fail to take off

Walmart Inc’s online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer’s ambitions to challenge Amazon.com Inc head-on with speedy delivery of groceries to people’s homes. Read more here: Walmart’s grocery delivery partnerships with Uber, Lyft fail to take off
Read More Here: Walmart's grocery delivery partnerships with Uber, Lyft fail to take off

Eying opportunities beyond steel also: L N Mittal

Looking beyond steel, ArcelorMittal is evaluating opportunities that complement its existing business and asset base, Chairman Lakshmi N Mittal has said. Read more here: Eying opportunities beyond steel also: L N Mittal
Read More Here: Eying opportunities beyond steel also: L N Mittal

Hardware Galore!

Tomorrow, the 2018 National Hardware Show begins in Las Vegas, Nevada … and your’s truly will be there with bells on. Not actual bells, unless I find some real cool ones on the show floor. Read more here: Hardware Galore!
Read More Here: Hardware Galore!

Apollo Campaign Supports Wounded Warrior Project®

In celebration of Memorial Day and Independence Day, Apollo Sprayers International, Inc., has announced two special HVLP sprayer offers that will help support the Wounded Warrior Project. Read more here: Apollo Campaign Supports Wounded Warrior Project®
Read More Here: Apollo Campaign Supports Wounded Warrior Project®

GuidePRO Band Saw Guide

Applying even and constant pressure to a workpiece when resawing on a band saw can be difficult. Read more here: GuidePRO Band Saw Guide
Read More Here: GuidePRO Band Saw Guide

Best Finish for a Saltwater Aquarium?

I’m building a stand for a saltwater aquarium and would like to know what you think would be the best finish to put on it? There will be a cap on top of the aquarium that would be exposed to the salty air coming off the water. The project is being made out of red oak. Read more here: Best Finish for a Saltwater Aquarium?
Read More Here: Best Finish for a Saltwater Aquarium?

IT as a pack will continue to do well next year also: Chakri Lokapriya

Talking to ET Now, Chakri Lokapriya, CIO & MD, TCG AMC, says if there is some relaxation in RBI rules. One can expect a huge rerating of PSU banks and SBI in particular. You are bullish on Phillips Carbon. Read more here: IT as a pack will continue to do well next year also: Chakri Lokapriya
Read More Here: IT as a pack will continue to do well next year also: Chakri Lokapriya

SAIL's first blast furnace ‘Parvati’ successfully blown in

Steel Authority of India Ltd’s (SAIL) first blast furnace ‘Parvati’ situated at Rourkela Steel Plant (RSP) which was rebuilt under company’s modernization and expansion program, was successfully blown in on Tuesday. Read more here: SAIL’s first blast furnace ‘Parvati’ successfully blown in
Read More Here: SAIL's first blast furnace ‘Parvati’ successfully blown in

Why Sonam Udasi is not afraid of oil rally, finds pockets to multiply wealth

In an interview with ET Now, Sonam Udasi, HoR, Tata Mutual Fund, says looking for opportunities in consumer and banking sectors. Read more here: Why Sonam Udasi is not afraid of oil rally, finds pockets to multiply wealth
Read More Here: Why Sonam Udasi is not afraid of oil rally, finds pockets to multiply wealth

If rupee remains around 67, all traditional sectors of export will gain: Ajay Sahai, FIEO

In an interview with ET Now, Ajay Sahai, DG & CEO, FIEO, says we can provide 3% to 4% more competitiveness to export by halving transaction cost alone. Read more here: If rupee remains around 67, all traditional sectors of export will gain: Ajay Sahai, FIEO
Read More Here: If rupee remains around 67, all traditional sectors of export will gain: Ajay Sahai, FIEO

Already bullish, a little push from Trump could set oil on fire: Jonathan Barratt

In an interview with ET Now, Jonathan Barratt, CIO, AyersAlliance, says if Donald Trump takes a real hardline approach to the Iran nuclear deal, then crude at $75-80 could be the new normal. Read more here: Already bullish, a little push from Trump could set oil on fire: Jonathan Barratt
Read More Here: Already bullish, a little push from Trump could set oil on fire: Jonathan Barratt

Ryobi Project Light Review

When it comes to homeowner tools, Ryobi is the leader. They have a large line of cordless tools that work off a single 18V battery. If you take an older tool, even the newer batteries work and that is one reason people love Ryobi, not to mention the professional features for a homeowner price. Read more here: Ryobi Project Light Review
Read More Here: Ryobi Project Light Review

Look for new opportunities as these 2 trends play out: Raunak Onkar, PPFAS MF

Talking to ET Now, Raunak Onkar, Research Head, PPFAS MF, explains that banking and technology are the two trends continuing to play out in the market and new opportunities can be found there. Edited excerpts: You are one of the few people or one of the few funds that invest globally. Read more here: Look for new opportunities as these 2 trends play out: Raunak Onkar, PPFAS MF
Read More Here: Look for new opportunities as these 2 trends play out: Raunak Onkar, PPFAS MF

We have just scratched the surface of flexi staffing, enough scope of growth for many years: Ravi Vishwanath, Teamlease

In an interview with ET Now, Ravi Vishwanath, CFO, Teamlease, says only about 1.5% of the total unorganised employment is with flexi staffing companies and there is a long runway left still. Read more here: We have just scratched the surface of flexi staffing, enough scope of growth for many years: Ravi Vishwanath, Teamlease
Read More Here: We have just scratched the surface of flexi staffing, enough scope of growth for many years: Ravi Vishwanath, Teamlease

Nobody has ever made much money out of airlines stocks, says JPMorgan strategist

In an interview with ET Now, Adrian Mowat, EM Equity Strategist, JPMorgan, says they continue to be sceptical about Indi an corporates generating mid-teen earnings growth. Read more here: Nobody has ever made much money out of airlines stocks, says JPMorgan strategist
Read More Here: Nobody has ever made much money out of airlines stocks, says JPMorgan strategist

Monday 7 May 2018

Southern Company Plans Five-Year, $35 Billion Capital Program

SUGAR LAND–May 7, 2018–Written by John Egan for Industrial Info Resources (Sugar Land, Texas)–The Southern Company (NYSE:SO) (Atlanta, Georgia) plans to make capital investments totaling about $35 billion over the next five years, company officials told investors May 2 during its quarterly ea Read more here: Southern Company Plans Five-Year, $35 Billion Capital Program
Read More Here: Southern Company Plans Five-Year, $35 Billion Capital Program

Album Premiere: The Bones of J.R. Jones, ‘Ones to Keep Close’

via Timbre
Read More Here: Album Premiere: The Bones of J.R. Jones, ‘Ones to Keep Close’

Jaypee promoters submit over Rs 10K crore revival plan for Jaypee Infratech

NEW DELHI: Jaypee group promoter Manoj Gaur today made a Rs 10,000 crore offer to pay off bank loans and complete the stuck housing projects as part of plans to bring Jaypee Infratech out of bankruptcy, sources said. Read more here: Jaypee promoters submit over Rs 10K crore revival plan for Jaypee Infratech
Read More Here: Jaypee promoters submit over Rs 10K crore revival plan for Jaypee Infratech

How to Dig a Drainage Ditch

Whether it’s leaking into your basement or standing in the yard, you’re ready to hit the trenches to protect your home and property from water damage. Adding efficient drainage doesn’t have to put you back serious time or money. Read more here: How to Dig a Drainage Ditch
Read More Here: How to Dig a Drainage Ditch

Binani CoC likely to discuss UltraTech bid on May 9

The Binani (CoC) is likely to meet on May 9 and discuss the revised bid of Ultra Tech Cement valued at around Rs 7900 crore for the debt-laden Binani Cement. Ultra Tech has already submitted its revised offer with the Resolution Professional but the exact bid value is not known. Read more here: Binani CoC likely to discuss UltraTech bid on May 9
Read More Here: Binani CoC likely to discuss UltraTech bid on May 9

Nitin Chandel to head BNY Mellon Technology, India

Investments firm BNY Mellon today announced that it had appointed Nitin Chandel as Head of BNY Mellon Technology, India. He will report to Bridget Engle, Chief Information Officer of BNY Mellon, and will be based in Pune. Read more here: Nitin Chandel to head BNY Mellon Technology, India
Read More Here: Nitin Chandel to head BNY Mellon Technology, India

MTR Food makes first investment from Rs 50 cr seed fund in children's food brand Timios

MTR Foods Pvt. Ltd. has made its first investment from its Rs 50 crore seed fund in early stage start-up FirmRoots Pvt. Ltd., mainly for the latter’s children-packaged food brand Timios. Read more here: MTR Food makes first investment from Rs 50 cr seed fund in children’s food brand Timios
Read More Here: MTR Food makes first investment from Rs 50 cr seed fund in children's food brand Timios

Specialty chemical sector may double market size by FY25: Report

The domestic specialty chemical sector is expected to grow by about 10 per cent annually to almost double the market size by FY25, driven by growth in end-user industries, a report said. Read more here: Specialty chemical sector may double market size by FY25: Report
Read More Here: Specialty chemical sector may double market size by FY25: Report

Yes Securities still betting on these 2 upstream oil companies

Talking to ET Now, Nitasha Shankar, Yes Securities, says still bullish on ONGC as well as Oil India and neutral as far as the OMCs are concerned. Read more here: Yes Securities still betting on these 2 upstream oil companies
Read More Here: Yes Securities still betting on these 2 upstream oil companies

OboPay takes fintech services to Mexico

BENGALURU: Expanding its fintech services for the first time ever to Latin America Bengaluru based payments company OboPay has partnered with Mexico based GoRed Telecommunications. OboPay will provide its Evolys payment platform services to GoRed. Read more here: OboPay takes fintech services to Mexico
Read More Here: OboPay takes fintech services to Mexico

Between TPG and Manipal, we are looking at investing between Rs 4,500-5,000 cr in Fortis: Ranjan Pai

In an interview with ET Now, Ranjan Pai, MD & CEO, Manipal Group, says instead of merging Fortis into Manipal group, it has offered to merge Manipal group into Fortis because investors did not want the company to be broken into two parts and wanted people to go directly into the company. Read more here: Between TPG and Manipal, we are looking at investing between Rs 4,500-5,000 cr in Fortis: Ranjan Pai
Read More Here: Between TPG and Manipal, we are looking at investing between Rs 4,500-5,000 cr in Fortis: Ranjan Pai

Milwaukee Inflator Review

This is one of those tools that I am surprised more companies don’t release. Yes, I know there are a lot of inflators in the marketplace, but not too many that I trust to invest my money into. Over the past couple of years, I have been using the Ryobi like crazy and love it. Read more here: Milwaukee Inflator Review
Read More Here: Milwaukee Inflator Review

Godrej Properties sales grew 150% during the year to over Rs 5,000 cr: Pirojsha Godrej

Talking to ET Now, Pirojsha Godrej, Executive Chairman, Godrej Properties, says the company had sales of over Rs 1000 crore, in terms of booking value, for the fourth consecutive quarter. Read more here: Godrej Properties sales grew 150% during the year to over Rs 5,000 cr: Pirojsha Godrej
Read More Here: Godrej Properties sales grew 150% during the year to over Rs 5,000 cr: Pirojsha Godrej

R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

RInfa said the other bidders in the fray were L&T-Samsung JV and Hyundai Development Company-ITD JV. Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai. Read more here: R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai
Read More Here: R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

Rupee could touch 68/69 near term but will bounce back in 6-9 months: Shilan Shah, Capital Economics (Asia)

Talking to ET Now, Shilan Shah, Capital Economics (Asia), says rupee weakness is partly result of strength of dollar index vis-à-vis the Emerging Market currency pack and partly result of high crude prices. Read more here: Rupee could touch 68/69 near term but will bounce back in 6-9 months: Shilan Shah, Capital Economics (Asia)
Read More Here: Rupee could touch 68/69 near term but will bounce back in 6-9 months: Shilan Shah, Capital Economics (Asia)

How MSMEs will fire up India’s defence system

CHENNAI: Sundaram R has been manufacturing military aircraft components for nearly three decades, but the owner of the unit from Salem has never had it easy. Read more here: How MSMEs will fire up India’s defence system
Read More Here: How MSMEs will fire up India’s defence system

Investments made in digital has paid off in last 2 quarters: Parthasarathy NS, MindTree

In an interview to ET Now, Parthasarathy NS, Executive Vice Chairman and COO, MindTree, points out that the size of the companies no longer play a big role in terms of customers choosing partners. Read more here: Investments made in digital has paid off in last 2 quarters: Parthasarathy NS, MindTree
Read More Here: Investments made in digital has paid off in last 2 quarters: Parthasarathy NS, MindTree

Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 crore

AHMEDABAD: Ahmedabad-based Infibeam Incorporation, India’s first listed ecommerce player, is acquiring Snapdeal’s wholly owned subsidiary Unicommerce, a cloud-based inventory management company. Read more here: Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 crore
Read More Here: Infibeam to acquire Snapdeal’s Unicommerce for upto Rs 120 crore

‘Realty and infra may lead bear to bull market move’

In an interview with ET Now, Gautam Shah, Associate Director & Technical Analyst, JM Financial, says he would strongly recommend investors to allocate at least 15% of the portfolio in some of the popular names in the infra and realty space. Read more here: ‘Realty and infra may lead bear to bull market move’
Read More Here: ‘Realty and infra may lead bear to bull market move’

Meet the startup that polices YouTube for twerk-averse advertisers

Everyone close to Google’s YouTube has had a rough year as a string of controversies plagued the world’s largest online video site. Everyone but Mike Henry. Henry runs OpenSlate, a company that screens and grades YouTube videos for marketers. Read more here: Meet the startup that polices YouTube for twerk-averse advertisers
Read More Here: Meet the startup that polices YouTube for twerk-averse advertisers

Walmart plans $2-3 billion push for Flipkart

NEW DELHI: Global retail giant Walmart plans to pump $2-3 billion (over Rs 13,000 crore) as fresh equity into Flipkart to strengthen its hold on the e-commerce company, while buying existing shareholders for a majority control in a deal that is expected to be announced this week. Read more here: Walmart plans $2-3 billion push for Flipkart
Read More Here: Walmart plans $2-3 billion push for Flipkart

These 3 sectors to lead next leg of market rally: Gautam Shah, JM Financial

In an interview to ET Now, Gautam Shah, Associate Director & Technical Analyst, JM Financial, explains that the next leg of the rally from here to lifetime highs is going to be led by the banking stocks, capital goods stocks and FMCG stocks. Read more here: These 3 sectors to lead next leg of market rally: Gautam Shah, JM Financial
Read More Here: These 3 sectors to lead next leg of market rally: Gautam Shah, JM Financial

Sunday 6 May 2018

Indian e-commerce market sees M&A deals worth $2.1 bn in 2017

NEW DELHI: As much as USD 2.1 billion worth of M&A (merger and acquisition) transactions were inked in 2017 in the booming Indian e-commerce industry, which may soon witness its largest-ever deal - the proposed Flipkart-Walmart nuptial. Read more here: Indian e-commerce market sees M&A deals worth $2.1 bn in 2017
Read More Here: Indian e-commerce market sees M&A deals worth $2.1 bn in 2017

Lenskart earmarks USD 3 million to invest in 'eye-tech' startup

Online eyewear firm Lenskart today said it has earmarked about USD 2-3 million to invest in companies that are working on either products or technologies that can help provide affordable eyecare solutions. As part of this strategy, the Ratan Tata-backed firm has invested USD 500,000 (about Rs 3. Read more here: Lenskart earmarks USD 3 million to invest in ‘eye-tech’ startup
Read More Here: Lenskart earmarks USD 3 million to invest in 'eye-tech' startup

As borrowing habits change, loan startups hit payday

There’s a funding surge to alternative lending startups this year that is reminiscent of 2015’s food tech boom. Read more here: As borrowing habits change, loan startups hit payday
Read More Here: As borrowing habits change, loan startups hit payday

Coal India boosts supplies to power plants by 14% in April

State-run Coal India (CIL) revved up fuel supplies to power plants by 14.4 per cent to 40.30 million tonnes in April compared to the same month last year ahead of the monsoon season, according to an official. Coal supplies to the power sector from CIL in April 2017 were 35.20 million tonnes (MT). Read more here: Coal India boosts supplies to power plants by 14% in April
Read More Here: Coal India boosts supplies to power plants by 14% in April

Saturday 5 May 2018

How Indian startups gear up to take on the voice assistants of Apple, Amazon and Google

Subodh Kumar, a tech entrepreneur in his early 30s, has spent almost half a decade of his career working in artificial intelligence (AI) and analytics in New York, Hong Kong and Singapore. Read more here: How Indian startups gear up to take on the voice assistants of Apple, Amazon and Google
Read More Here: How Indian startups gear up to take on the voice assistants of Apple, Amazon and Google

Welspun Corp gets tax demand of Rs 179 crore

Gujarat government’s tax department has slapped a demand of 178.79 crore on Welspun Corp for two financial year – 2009-10 and 2010-11, the company said in a regulatory filing. Read more here: Welspun Corp gets tax demand of Rs 179 crore
Read More Here: Welspun Corp gets tax demand of Rs 179 crore

There are plenty of companies in India that Warren Buffett could focus on: Mario Gabelli, Gamco Asset Management

In an interview with ET Now’s Tanvir Gill, hours before the Berkshire Hathaway AGM at Omaha, Mario Joseph Gabelli, CEO, Gamco Asset Management, talks about what he expects to hear from Buffett, his investments, India as an investment destination and more. Read more here: There are plenty of companies in India that Warren Buffett could focus on: Mario Gabelli, Gamco Asset Management
Read More Here: There are plenty of companies in India that Warren Buffett could focus on: Mario Gabelli, Gamco Asset Management

Leadership in the bull market will keep shifting, watch these 2 sectors: N Jayakumar

In an exclusive interview with Nikunj Dalmia of ET Now, N Jayakumar, MD, Prime Securities, says it is true that leadership comes in as some of the larger players become larger and IT and banking sector could find the new market leaders. Read more here: Leadership in the bull market will keep shifting, watch these 2 sectors: N Jayakumar
Read More Here: Leadership in the bull market will keep shifting, watch these 2 sectors: N Jayakumar

Are employees deriving positive experiences from the workplace? Here's how you can find out

“People will forget what you said, people will also forget what you did but people will never forget how you made them feel” famously said by Maya Angelou, an American poet and civil rights activist holds great relevance today in an organizational context. Read more here: Are employees deriving positive experiences from the workplace? Here’s how you can find out
Read More Here: Are employees deriving positive experiences from the workplace? Here's how you can find out

How Nykaa has changed the way beauty products are added to the cart in India

Radhika Sharma, a media consultant, doesn’t recall the last time she picked up her favourite shade of lipstick from a retail store. For Sharma, the staff at stores are often overbearing, and the experience of buying beauty products often leads to disappointment. Read more here: How Nykaa has changed the way beauty products are added to the cart in India
Read More Here: How Nykaa has changed the way beauty products are added to the cart in India

Popular Woodworking Magazine

If you can build a box, you can build this planter. It’s much sturdier than most commercial versions, so it should last for many years. It’s also the perfect opportunity for you to try your hand at shingling. The opening accommodates a 30″ drop-in plastic window-box planter. Read more here: Popular Woodworking Magazine
Read More Here: Popular Woodworking Magazine

NFL to invest Rs 1,250 crore in 2 years on new plant, energy-saving projects

NEW DELHI: State-owned fertiliser firm NFL will invest Rs 1,250 crore over the next two years on energy saving projects in its five existing plants and setting up a new factory in Madhya Pradesh to produce di-nitrogen tetroxide, its CMD Manoj Mishra said. Read more here: NFL to invest Rs 1,250 crore in 2 years on new plant, energy-saving projects
Read More Here: NFL to invest Rs 1,250 crore in 2 years on new plant, energy-saving projects

Friday 4 May 2018

Shinedown Frontman Brent Smith Urges Us To Regain Our Humanity on ‘ATTENTION ATTENTION’

via Timbre
Read More Here: Shinedown Frontman Brent Smith Urges Us To Regain Our Humanity on ‘ATTENTION ATTENTION’

How to Stay Safe When Working With Electricity

Electricity arguably shaped the modern world — we often take it for granted when we plug in our cell phones, turn on our lights or turn down the air conditioner on a hot afternoon. Read more here: How to Stay Safe When Working With Electricity
Read More Here: How to Stay Safe When Working With Electricity

PROJECT: Folding Bike Rack

Build a bicycle rack for two that provides convenient storage and folds flat. Read more here: PROJECT: Folding Bike Rack
Read More Here: PROJECT: Folding Bike Rack

Flipkart & Amazon brace up for mid-year mega sales battle

The Flipkart-Amazon rivalry is set to reach a high once again when both of them will commence their mid-year mega sales, with Flipkart deciding to host its “Big Shopping Days” sale between May 13-16 and rival American firms too going to be around the same time, two senior industry executives sai Read more here: Flipkart & Amazon brace up for mid-year mega sales battle
Read More Here: Flipkart & Amazon brace up for mid-year mega sales battle

Adani unable to provide viable coal off-take agreement for Carmichael: Report

Its analysis came a day after Adani Power Ltd, a part of Adani Group, announced its financial results for the quarter and financial year ended on March 31. Read more here: Adani unable to provide viable coal off-take agreement for Carmichael: Report
Read More Here: Adani unable to provide viable coal off-take agreement for Carmichael: Report

Flipkart yet to finalise stake sale deal with Walmart: Sources

MUMBAI/BENGALURU: Indian e-commerce firm Flipkart’s board is yet to finalize a deal to sell a stake to Walmart Inc, two sources with direct knowledge of the matter said on Friday, adding that a deal could just be days away. Read more here: Flipkart yet to finalise stake sale deal with Walmart: Sources
Read More Here: Flipkart yet to finalise stake sale deal with Walmart: Sources

Apac and Europe major drivers of growth in Q1: R Srikrishna, Hexaware

In a chat with ET Now, R Srikrishna, CEO, Hexaware, says the first problem area to fix last year was the manufacturing and consumer vertical. It is among the top two growing verticals this quarter. Edited excerpts: This was a strong quarter led by sales execution. Read more here: Apac and Europe major drivers of growth in Q1: R Srikrishna, Hexaware
Read More Here: Apac and Europe major drivers of growth in Q1: R Srikrishna, Hexaware

M N Dastur & Co. and World Steel Dynamics announces partnership

KOLKATA: Dastur International Inc, USA, a subsidiary of metals, mining and energy engineering consultancy M N Dastur & Co. Read more here: M N Dastur & Co. and World Steel Dynamics announces partnership
Read More Here: M N Dastur & Co. and World Steel Dynamics announces partnership

Now book an Ola from your Mobikwik App

NEW DELHI: In a bid to reiterate its commitment to the government’s push towards digital transactions in India, MobiKwik, one of India’s leading digital financial services platform, and Ola, leading ride-sharing company, recently announced a first-of-its-kind partnership. Read more here: Now book an Ola from your Mobikwik App
Read More Here: Now book an Ola from your Mobikwik App

Now book an Ola from your Mobikwik App

NEW DELHI: In a bid to reiterate its commitment to the government’s push towards digital transactions in India, MobiKwik, one of India’s leading digital financial services platform, and Ola, leading ride-sharing company, recently announced a first-of-its-kind partnership. Read more here: Now book an Ola from your Mobikwik App
Read More Here: Now book an Ola from your Mobikwik App

GSTN to be made a government body: GST Council

The 27th meeting of the GST Council has approved that the GSTN will be converted into a government holding. Read more here: GSTN to be made a government body: GST Council
Read More Here: GSTN to be made a government body: GST Council

HCC is to receive Rs 2000 cr more from banks: Ajit Gulabchand

Banks are required to give HCC 75% of Rs 4,800-crore award which comes to Rs 3,600 crore The company has received only Rs 1,400 crore of this amount and still gets Rs 2,000 crore more. Read more here: HCC is to receive Rs 2000 cr more from banks: Ajit Gulabchand
Read More Here: HCC is to receive Rs 2000 cr more from banks: Ajit Gulabchand

Bosch 360 Laser Review

Bosch is always the first name to come to mind when I think of Lasers. Sure there are other power tool companies that make them out there, and maybe Bosch wasn’t the first, but they are the best today. Read more here: Bosch 360 Laser Review
Read More Here: Bosch 360 Laser Review

Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA

NEW DELHI: The under-works $12-billion Flipkart-Walmart deal has left merchants selling products through the e-commerce platform jittery as they claim to be clueless about the ongoing negotiations and its possible impact on their business. Read more here: Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA
Read More Here: Sellers on Flipkart jittery ahead of deal with Walmart: AIOVA

By 2021, Radico Khaitan will be a debt-free company: Dilip Kumar Banthiya

In an interview with ET Now, Dilip Kumar Banthiya, CFO, Radico Khaitan, says the company’s topline grew by 8.5% during the year and by 22.5% in Q4. Gross profit has improved by 35% during the quarter, the PAT has improved by 105% in this period. Read more here: By 2021, Radico Khaitan will be a debt-free company: Dilip Kumar Banthiya
Read More Here: By 2021, Radico Khaitan will be a debt-free company: Dilip Kumar Banthiya

Bombay High Court quashes Goa government order allowing transportation of iron ore

PANAJI: In a setback to the mining industry in Goa, the Bombay High Court today set aside the state government’s order allowing the transportation of royalty-paid iron ore lying outside the lease areas. Read more here: Bombay High Court quashes Goa government order allowing transportation of iron ore
Read More Here: Bombay High Court quashes Goa government order allowing transportation of iron ore

Pepperfry to focus on decor and utility category in 2018 to build next leg of growth

MUMBAI: After having established a market leadership in the organised online furniture market in the country, Pepperfry is looking to expand its home decor and utility category and has set aside 1/3rd of the year’s expenses to build the category. For marketing alone, Pepperfry will invest Rs 8. Read more here: Pepperfry to focus on decor and utility category in 2018 to build next leg of growth
Read More Here: Pepperfry to focus on decor and utility category in 2018 to build next leg of growth

Flipkart board is said to approve $15 billion deal with Walmart

The board of Flipkart Online Services Pvt has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the American retailer on international expansion. Read more here: Flipkart board is said to approve $15 billion deal with Walmart
Read More Here: Flipkart board is said to approve $15 billion deal with Walmart

IRB picked up Rs 9,000-crore worth orders from road ministry in Q4: Virender D Mhaiskar

In an interview to ET Now, Virender D Mhaiskar, Chairman & MD, IRB, explains that they have the ability to undertake all facets of infra play in roads like construction, operation maintenance and tolling. Read more here: IRB picked up Rs 9,000-crore worth orders from road ministry in Q4: Virender D Mhaiskar
Read More Here: IRB picked up Rs 9,000-crore worth orders from road ministry in Q4: Virender D Mhaiskar

Swift decision on Essar in interest of all stakeholders: ArcelorMittal

FRANCE: Keen to gain a firm foothold in India through acquisition of debt-laden Essar Steel, ArcelorMittal today said “a swift decision” on the case will be in the best interest of all stakeholders. Read more here: Swift decision on Essar in interest of all stakeholders: ArcelorMittal
Read More Here: Swift decision on Essar in interest of all stakeholders: ArcelorMittal

IDFC Bank ties up with ePayLater, facilitates loan disbursals through UPI

BENGALURU: Mumbai based instant credit facilitating startup ePayLater has partnered with private sector lender IDFC Bank to introduce instant credit through the BHIM UPI railroads, thereby allowing merchants accepting UPI payments to start accepting transactions through ePaylater as well. Read more here: IDFC Bank ties up with ePayLater, facilitates loan disbursals through UPI
Read More Here: IDFC Bank ties up with ePayLater, facilitates loan disbursals through UPI

'We now have almost Rs 7500 cr plus monthly flows in SIPs'

NPAs, provident fund and SIP flows together will put between Rs 1,10,000 crore and Rs 1,25,000 crore in mutual funds this year, says Nilesh Shah, MD, Kotak AMC, talking to ET Now. Read more here: ‘We now have almost Rs 7500 cr plus monthly flows in SIPs’
Read More Here: 'We now have almost Rs 7500 cr plus monthly flows in SIPs'

We are done for the year but still bullish on 2 themes : Basant Maheshwari

In an interview with ET Now, Basant Maheshwari of Basant Maheshwari Wealth Advisers, says Nifty can go up to 11000 but that is not where money is made or lost. Money was lost in small caps and it would be recovered from the small cap index. Read more here: We are done for the year but still bullish on 2 themes : Basant Maheshwari
Read More Here: We are done for the year but still bullish on 2 themes : Basant Maheshwari

Thursday 3 May 2018

Fireside Ventures invests Rs 6 crore in audio product brand boAt

NEW DELHI: Fireside Ventures, the early-stage consumer brand-focused investment firm, has invested Rs 6 crore in Delhi-based consumer technology lifestyle venture Imagine Marketing, which owns and operates audio product maker boAt. Read more here: Fireside Ventures invests Rs 6 crore in audio product brand boAt
Read More Here: Fireside Ventures invests Rs 6 crore in audio product brand boAt

Flipkart aims to reduce returns further by 10-15% this year

E-commerce major Flipkart today said it aims to reduce returns on its platform by another 10-15 per cent as it engages more with its sellers to help the latter enhance their quality of products and increase sales. Read more here: Flipkart aims to reduce returns further by 10-15% this year
Read More Here: Flipkart aims to reduce returns further by 10-15% this year

Table Saw Basics – I Can Do That

Hey! In our last episode of I Can Do That, we introduced the table saw. This time, we’re covering three table saw basics that will take your woodworking to the next level. Subscribe to get notifications of new videos! http://bit.ly/2JMeK0W Read more here: Table Saw Basics – I Can Do That
Read More Here: Table Saw Basics – I Can Do That

Walmart inches closer to sealing deal with Flipkart

Global retail giant Walmart is inching close to sealing the deal to buy a majority stake in Flipkart for as much as USD 12 billion, even though rival Amazon is still jostling to turn the deal in its favour. Read more here: Walmart inches closer to sealing deal with Flipkart
Read More Here: Walmart inches closer to sealing deal with Flipkart
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