Woodworking Tools in India: January 2018

Wednesday, 31 January 2018

Happiest Minds delays IPO as profit declines

BENGALURU: Happiest Minds Technologies may defer its plans for listing on the stock market by at least a year. The company, founded by former Mindtree chairman Ashok Soota in 2011, had earlier committed to become publicly-listed in financial year 2020. Read more here: Happiest Minds delays IPO as profit declines
Read More Here: Happiest Minds delays IPO as profit declines

Socially-mobile firms have finger on pulse

Dhruv Suyamprakasam, CEO, ICLINIQ: There are businesses which do quality content and it does go viral but a high spend is needed for them to boost the posts. Whereas there are their competitors who do sensational content which have bad taste. Read more here: Socially-mobile firms have finger on pulse
Read More Here: Socially-mobile firms have finger on pulse

We’re positive on private banks, consumer discretionary: Prasun Gajri, HDFC Life

Prasun Gajri , chief investment officer, HDFC Life , with assets under management of ₹1 lakh crore, is bullish on consumption, consumer discretionary and construction. Read more here: We’re positive on private banks, consumer discretionary: Prasun Gajri, HDFC Life
Read More Here: We’re positive on private banks, consumer discretionary: Prasun Gajri, HDFC Life

Ecommerce growth fell 26% in 2017: Forrester Research

The growth of online retail in the country has slowed drastically over the past two years from the peak of 2013-2015, with a forecast report by Forrester Research stating that the online retail growth rate fell 26.4% in 2017. Read more here: Ecommerce growth fell 26% in 2017: Forrester Research
Read More Here: Ecommerce growth fell 26% in 2017: Forrester Research

Budget 2018: Fintech startups have a wishlist ready for FM

BENGALURU: The fintech industry hopes the government will announce fresh measures in the Budget to help the sector maintain its growth momentum in the next financial year, senior executives said. Read more here: Budget 2018: Fintech startups have a wishlist ready for FM
Read More Here: Budget 2018: Fintech startups have a wishlist ready for FM

Ecommerce growth fell 26% in 2017: Forrester Research

Developments in Battery Technology

Cordless tools have been around a long time but have had limitations, like batteries that didn’t last long enough or weren’t powerful enough to allow cordless tools to take the place of their corded cousins. Read more here: Developments in Battery Technology
Read More Here: Developments in Battery Technology

Bhushan Steel promoter seeks recast of Rs 44k-cr debt under S4A scheme

MUMBAI: In a desperate bid to salvage his company from going under the hammer next week, Neeraj Singhal, vice-chairman of Bhushan Steel, has written to all lenders to consider restructuring the Rs 44,000 crore debt under the Sustainable Structuring of Stressed Assets (S4A) mechanism by dividing the Read more here: Bhushan Steel promoter seeks recast of Rs 44k-cr debt under S4A scheme
Read More Here: Bhushan Steel promoter seeks recast of Rs 44k-cr debt under S4A scheme

Ikea rents out and buys back furniture in new experiment

JAPAN - Ikea has undertaken a new business venture: renting out and buying back their own furniture. Read more here: Ikea rents out and buys back furniture in new experiment
Read More Here: Ikea rents out and buys back furniture in new experiment

India Auto Show will see highest number of startups participating this year

NEW DELHI: A dozen-odd startups from home and abroad will showcase their prowess alongside established vehicle manufacturers at the India Auto Show starting in Greater Noida next week, mirroring a trend that is catching up globally. Read more here: India Auto Show will see highest number of startups participating this year
Read More Here: India Auto Show will see highest number of startups participating this year

Stacking Tool Caddy – Adapt a Project to Make it Yours!

Stackable Socket Trays generated over 250 comments on Reddit. Once in a while I come across a Popular Woodworking inspired project on Reddit. It’s really interesting to see how people use the pages of our magazine to bring an idea to life. Read more here: Stacking Tool Caddy – Adapt a Project to Make it Yours!
Read More Here: Stacking Tool Caddy – Adapt a Project to Make it Yours!

Fashion tech startup 6Degree raises $400,000 in pre-Series A funding round

NEW DELHI: Fashion technology startup 6Degreehas raised a fresh $400,000 pre-Series A round of funding, led by existing investor Indian Angel Network (IAN) and The Angel Network (TAN), the Mumbai-based company announced late on Tuesday. Read more here: Fashion tech startup 6Degree raises $400,000 in pre-Series A funding round
Read More Here: Fashion tech startup 6Degree raises $400,000 in pre-Series A funding round

Sidbi to offer concessional loans to small and micro enterprises

MUMBAI: For Small and Medium Enterprises there is yet another reason for smile - the Small Industries Development Bank of India, SIDBI, has begun directly to lend to companies instead of through banks. Read more here: Sidbi to offer concessional loans to small and micro enterprises
Read More Here: Sidbi to offer concessional loans to small and micro enterprises

Budget 2018: Ecommerce industry eyes significant changes in rules and taxes

With the effects of Demonetisation settling down and implementation of GST well on its way, Budget 2018 is expected to positively drive the different sectors of economy. Read more here: Budget 2018: Ecommerce industry eyes significant changes in rules and taxes
Read More Here: Budget 2018: Ecommerce industry eyes significant changes in rules and taxes

GST: E-way bill could prove to the final piece of the puzzle

The past 15 months have seen a significant structural shift in Indian businesses and the supply chain ecosystem. Demonetisation and Goods and Services Tax (GST) led to volume disruption, but made the business environment more digital and simpler for the long term. Read more here: GST: E-way bill could prove to the final piece of the puzzle
Read More Here: GST: E-way bill could prove to the final piece of the puzzle

Competition intensity is waning and market shares are improving: Sunil Duggal, Dabur India

In an interview with ET Now, Sunil Duggal , CEO, Dabur India , says two major reasons of volume growth are low base of last year and market share gains. To start with, your volumes have come in at 13%. Read more here: Competition intensity is waning and market shares are improving: Sunil Duggal, Dabur India
Read More Here: Competition intensity is waning and market shares are improving: Sunil Duggal, Dabur India

Focus on agri sector, corporate tax reduction needed: Arun Kumar, KPMG India

Talking to ET Now, Arun Kumar , Chairman & CEO, KPMG India , says why tinker with long-term capital gains tax especially at a time when foreign portfolio investors have many other places to look at including the United States where the stock markets are doing well and where a tax reform is underway. Read more here: Focus on agri sector, corporate tax reduction needed: Arun Kumar, KPMG India
Read More Here: Focus on agri sector, corporate tax reduction needed: Arun Kumar, KPMG India

E-commerce sector seeks greater push to digitisation in Union Budget

NEW DELHI:As the D-Day for the presentation of this year’s Union Budget inches closer, the e-commerce industry eagerly awaits a much-needed impetus to digitization and incentivising digital payments. Read more here: E-commerce sector seeks greater push to digitisation in Union Budget
Read More Here: E-commerce sector seeks greater push to digitisation in Union Budget

Cement demand is likely to grow by 2% in FY2018, says ICRA

Domestic cement demand has continued to remain weak in FY2018 due to various factors like weak real-estate activity, sand shortage and issues related to implementation of GST. According to an ICRA note, the cement off-take continued to be weak in 8M FY2018 and showed only a marginal increase of 0. Read more here: Cement demand is likely to grow by 2% in FY2018, says ICRA
Read More Here: Cement demand is likely to grow by 2% in FY2018, says ICRA

UltraTech Cement gets green nod for limestone mining project

NEW DELHI: UltraTech Cement has got the go- ahead for its limestone mining project in Bhavnagar district, Gujarat that would entail an investment of about Rs 60 crore, as per official documents. The proposal is to mine limestone in a lease area of 632 hectare with production capacity of 2. Read more here: UltraTech Cement gets green nod for limestone mining project
Read More Here: UltraTech Cement gets green nod for limestone mining project

Education reform startup Chrysalis raises pre-series A funding

CHENNAI: Chrysalis, incorporated as EZ Vidya Pvt. Ltd., a Chennai based educational reform startup, has raised a pre-series A funding round from Indian education sector focused investor Gray Matters Capital. Read more here: Education reform startup Chrysalis raises pre-series A funding
Read More Here: Education reform startup Chrysalis raises pre-series A funding

Education reform startup Chrysalis raises pre-series A funding

iNurture raises Rs 28 crore from Ventureast, others

NEW DELHI: iNurture, a provider of formal higher education programmes in India, on Wedensday said it has raised Rs 28 crore in funding, led by . Existing investors Bertelsmann India Investments and Ascent Capital also participated in the Series C funding round. Read more here: iNurture raises Rs 28 crore from Ventureast, others
Read More Here: iNurture raises Rs 28 crore from Ventureast, others

We expect a great deal of improvement in vehicle financing in Q4: N Srinivasan, Chola Investments

Talking to ET Now, N Srinivasan , Executive VC & MD, Chola Investments , says in Q3 have been able to improve collections and reduce the NPA therefore there has been overall growth this quarter. Edited excerpts: It is a strong set of numbers with good PAT growth of over 53%. Read more here: We expect a great deal of improvement in vehicle financing in Q4: N Srinivasan, Chola Investments
Read More Here: We expect a great deal of improvement in vehicle financing in Q4: N Srinivasan, Chola Investments

Financial engineering like ONGC-HPCL deal is a sign of bad times: Yashwant Sinha

Talking to ET Now, Yashwant Sinha, Former Finance Minister, says being the penultimate Budget, it will see some tinkering here and there but it will not set a direction for the future. Read more here: Financial engineering like ONGC-HPCL deal is a sign of bad times: Yashwant Sinha
Read More Here: Financial engineering like ONGC-HPCL deal is a sign of bad times: Yashwant Sinha

Tuesday, 30 January 2018

Budget 2018: Retail sector wants FDI issues to be addressed

When India announced sweeping relaxations in foreign direct investment (FDI) rules in single-brand retail early January, a section of the large retail industry expressed serious concern and reservations. Read more here: Budget 2018: Retail sector wants FDI issues to be addressed
Read More Here: Budget 2018: Retail sector wants FDI issues to be addressed

These are the 3 top picks in energy sector: Nischal Maheshwari, Edelweiss Securities

Talking to ET Now, Nischal Maheshwari, Edelweiss Securities , says going ahead, if oil cools off, then I do not see much issue as far as global markets are concerned. Edited excerpts: Global markets have started correcting. Read more here: These are the 3 top picks in energy sector: Nischal Maheshwari, Edelweiss Securities
Read More Here: These are the 3 top picks in energy sector: Nischal Maheshwari, Edelweiss Securities

Twins found a winning tune with AI travel app

BENGALURU: The only thing the twins Swapnil Shinde and Snehal Shinde, cofounders of travel assistant startup Mezi, disagree on is their choice of Hindi movie superstar. Swapnil is a Salman Khan fan and Snehal, the older one by five minutes, is devoted to Shah Rukh Khan. Read more here: Twins found a winning tune with AI travel app
Read More Here: Twins found a winning tune with AI travel app

Consumption picking up, will lead to investments: Shyam Srinivasan, Federal Bank

In the past three years, Federal Bank’ s growth rate and profitability have been higher, CEO Shyam Srinivasan told Joel Rebello. Read more here: Consumption picking up, will lead to investments: Shyam Srinivasan, Federal Bank
Read More Here: Consumption picking up, will lead to investments: Shyam Srinivasan, Federal Bank

need2know: 11 macro cues for your day on D-Street

Here’s a lowdown on top macro triggers that may move market on Wednesday. This report was compiled from agency feeds. PSB Recap Bonds to be Issued at 7.35-7. Read more here: need2know: 11 macro cues for your day on D-Street
Read More Here: need2know: 11 macro cues for your day on D-Street

Tiger Global Management benefits the most from Flipkart’s secondary share sale

BENGALURU: New York-based hedge fund Tiger Global Management has surfaced as the main beneficiary following the buyback of Flipkart shares by Japan’s SoftBank in 2017. Tiger Global has made a $424 million exit, followed by Accel India at $113. Read more here: Tiger Global Management benefits the most from Flipkart’s secondary share sale
Read More Here: Tiger Global Management benefits the most from Flipkart’s secondary share sale

India provides diversification to bond portfolio: Geoffrey Lunt

Geoffrey Lunt has a first hand feel of what global bond investors do. While the rates are climbing in developed markets, there’s nothing much to worry for India as it stands out irrespective of what happens in the rest of the world, he says in an interview. Edited excerpts: Read more here: India provides diversification to bond portfolio: Geoffrey Lunt
Read More Here: India provides diversification to bond portfolio: Geoffrey Lunt

Supreme Court asks Odisha to take coercive action against defauting mines

BHUBANESHWAR: The Supreme Court on Tuesday directed Odisha to take “coercive action” against miners who failed to comply with the court’s orders to reimburse the state for violating environmental laws while extracting iron ore between 2000-2010. Read more here: Supreme Court asks Odisha to take coercive action against defauting mines
Read More Here: Supreme Court asks Odisha to take coercive action against defauting mines

Walmart in talks to buy a significant minority stake in Flipkart

NEW DELHI: Walmart Stores Inc, the world’s biggest retailer, is in advanced talks to acquire a significant minority stake in leading ecommerce marketplace Flipkart, two people with knowledge of the development told ET. Read more here: Walmart in talks to buy a significant minority stake in Flipkart
Read More Here: Walmart in talks to buy a significant minority stake in Flipkart

Crystal Crop Protection to buy Solvay’s specialty chemical unit

MUMBAI: Crystal Crop Protection, backed by South Asia-focused private equity fund Everstone Capital, has agreed to acquire the specialty chemical manufacturing business of the world’s largest chemicals firm, Solvay SA, in India as part of the Belgium-based conglomerate’s strategic decision to discon Read more here: Crystal Crop Protection to buy Solvay’s specialty chemical unit
Read More Here: Crystal Crop Protection to buy Solvay’s specialty chemical unit

DIY Canvas Lights

If you’re feeling crafty today, we have the right project for you! This DIY tutorial shows you how to turn that plain wall in your kids’ bedroom into something magical with beautiful canvas lights. This DIY canvas light craft is an awesome way to turn a drab corner into a fab accent wall. Read more here: DIY Canvas Lights
Read More Here: DIY Canvas Lights

The One-inch Uh-Oh!

My cousin and I were lifting a cabinet that I had built to modify what was once a porch into a kitchen. It was a pro bono job; the apartment was going to be used by a young doctor who would be working with the Minneapolis Society for the Blind, doing low vision research. Read more here: The One-inch Uh-Oh!
Read More Here: The One-inch Uh-Oh!

Majority of UK workers join new pension plan backed by Tata Steel

LONDON: A majority of the 122,000 workers affected by the closure of a crisis-hit 15-billion-pound pension scheme have signed up to a deal to switch to a new pension plan backed by Tata Steel UK. Read more here: Majority of UK workers join new pension plan backed by Tata Steel
Read More Here: Majority of UK workers join new pension plan backed by Tata Steel

Mahindra forays into sprayers biz by acquiring stake in MITRA

Mahindra & Mahindra (M&M) today said it has forayed into the sprayers business by acquiring 26 per cent stake in Maharashtra-based agri tech firm MITRA. Read more here: Mahindra forays into sprayers biz by acquiring stake in MITRA
Read More Here: Mahindra forays into sprayers biz by acquiring stake in MITRA

Yatra reports stronger Q3 revenue, but adjusted operating loss widens

NEW DELHI: Nasdaq-listed online travel operator Yatra Online Inc posted a 40% jump in third quarter revenue, but also reported a wider adjusted operating loss for the three-month period ended December 31. Read more here: Yatra reports stronger Q3 revenue, but adjusted operating loss widens
Read More Here: Yatra reports stronger Q3 revenue, but adjusted operating loss widens

VIDEO: Turn a Natural Edge Bow

Learn the basic process of woodturning a live edge bowl. A live edge or natural edge bowl features the bark left as the top edge of the bowl. This is a great woodworking project to learn lathe skills. Read more here: VIDEO: Turn a Natural Edge Bow
Read More Here: VIDEO: Turn a Natural Edge Bow

Material is the mechanism in new Steelcase high-tech chair

NEW YORK – Steelcase has introduced SILQ, a new seating design that uses high-tech materials. Through an innovation in materials science and a patent-pending process, Steelcase designers and engineers created a new high-performance polymer material that emulates the qualities of carbon fiber. Read more here: Material is the mechanism in new Steelcase high-tech chair
Read More Here: Material is the mechanism in new Steelcase high-tech chair

Art Deco Table

This is an Art Deco inspired table that I recently designed and built. Also included, is a photo of my original drawing next to a photo of the finished product (sort of a “concept-to-creation” photo). It may be a project that is challenging, easy to build, and useful all at the same time. Read more here: Art Deco Table
Read More Here: Art Deco Table

Post-Season Woodworking

In the last issue, Rob lamented the Minnesota Vikings football team’s loss – at the game which, if they had won, would have taken them to a hometown SuperBowl. He comforted himself with woodworking. Some of readers either shared in the misery, or tried to offer their own form of ‘comfort. Read more here: Post-Season Woodworking
Read More Here: Post-Season Woodworking

WORX BladeRunner® Crosscut Sled

The new WORX Crosscut Sled accessory for BladeRunner X2 portable benchtop saws can help you make accurate crosscuts in dimensional lumber, to improve and simplify a range of woodworking projects and home fixes. The sled measures 17 in. long by 10-½ in. wide and is constructed of durable plastic. Read more here: WORX BladeRunner® Crosscut Sled
Read More Here: WORX BladeRunner® Crosscut Sled

HomeRight® Small Spray Shelter

Small projects are often good candidates for spray finishes, and now HomeRight offers a convenient way to help contain the overspray and mess with its tent-style Small Spray Shelter. This portable, lightweight shelter has three sides that set up to 35 in. wide x 30 in. deep by 30 in. tall. Read more here: HomeRight® Small Spray Shelter
Read More Here: HomeRight® Small Spray Shelter

Dowelmax: Joinery Made Simple and Strong

At some point in our woodworking hobby, most of us develop a love/hate relationship with dowel joinery, and it probably leans more to the latter emotion than the former. Read more here: Dowelmax: Joinery Made Simple and Strong
Read More Here: Dowelmax: Joinery Made Simple and Strong

How to Color Match Birch with Cherry or Walnut?

I am going to build a liquor cabinet. I will use either cherry or walnut for the frame, stiles and so forth. Due to the local availability, I will be using birch plywood for the panels. I would like to use water-soluble dye to stain the plywood. Read more here: How to Color Match Birch with Cherry or Walnut?
Read More Here: How to Color Match Birch with Cherry or Walnut?

American Express acquires personal assistant app Mezi

BENGALURU: Mezi, an artificial intelligence-powered travel app developed by Pune-born twins, has been acquired by multinational financial services company American Express in an all-cash deal. Read more here: American Express acquires personal assistant app Mezi
Read More Here: American Express acquires personal assistant app Mezi

PeeSafe raised $1 million via CCD

AHMEDABAD: Toilet hygiene startup PeeSafe, raised $1million via Compulsory Convertible Debentures (CCD) notes from its existing investors and new investors. The fund will be deployed for accelerate its growth by expanding into international markets of US & South Africa. Read more here: PeeSafe raised $1 million via CCD
Read More Here: PeeSafe raised $1 million via CCD

These tech startups can help you reduce your employee transportation cost

NEW DELHI: Higher fuel cost and carbon footprints have created an environment of stress over the years. Along with the harmful emissions in the nature, people are also troubling with bigger numbers on their commutation bills. Read more here: These tech startups can help you reduce your employee transportation cost
Read More Here: These tech startups can help you reduce your employee transportation cost

PeeSafe raised $1 million via CCD

These tech startups can help you reduce your employee transportation cost

Zoho launches two new products, upgrades DIY website builder

CHENNAI: Enterprise software company Zoho has launched two new products - Zoho PageSense and Zoho Flow - along with a new version of its DIY website builder, Zoho Sites. Read more here: Zoho launches two new products, upgrades DIY website builder
Read More Here: Zoho launches two new products, upgrades DIY website builder

Stick to 1-5-year bonds as 10-yr bonds proving to be volatile: R Sivakumar, Axis MF

In a chat with ET Now, R Sivakumar, Axis MF , says the better opportunity is at the short-end of the yield curve between the one and five-year segment rather than at the long end. This is much less volatile and has today much higher yield than long term government security. Read more here: Stick to 1-5-year bonds as 10-yr bonds proving to be volatile: R Sivakumar, Axis MF
Read More Here: Stick to 1-5-year bonds as 10-yr bonds proving to be volatile: R Sivakumar, Axis MF

Odisha govt's new campaign to encourage budding entrepreneurs

BHUBANESWAR: Chief Minister Naveen Patnaik on Tuesday launched a new campaign under the central government’s Startup India programme to encourage and inspire budding entrepreneurs. Read more here: Odisha govt’s new campaign to encourage budding entrepreneurs
Read More Here: Odisha govt's new campaign to encourage budding entrepreneurs

Tools in Action Newsletter

Are you looking for a way to stay up to date on the latest and greatest in the power tool world? If so check out the Tools in Action Newsletter. Best of all, it’s FREE and delivered right to your inbox, which means you don’t even have to walk to the end of the driveway to pick it up. Read more here: Tools in Action Newsletter
Read More Here: Tools in Action Newsletter

If you are very selective with a large-cap bias, this market for you: Gautam Sinha Roy, Motilal Oswal AMC

Talking to ET Now, Gautam Sinha Roy, Motilal Oswal AMC , says expects fiscal stimulus will be used in a very productive way in this budget. Edited exercpts: How are you analysing the market positioning ahead of the Budget 2018? This is perhaps the last full Budget by the current government. Read more here: If you are very selective with a large-cap bias, this market for you: Gautam Sinha Roy, Motilal Oswal AMC
Read More Here: If you are very selective with a large-cap bias, this market for you: Gautam Sinha Roy, Motilal Oswal AMC

Market expects a stimulus package on rural economy in Budget 2018: Tushar Mahajan, Nomura

In an interview with ET Now, Tushar Mahajan, Nomura , says the market will look to see how the overall infrastructure spend pans out outside the roads sector, specifically for airports, ports, railways, etc, Read more here: Market expects a stimulus package on rural economy in Budget 2018: Tushar Mahajan, Nomura
Read More Here: Market expects a stimulus package on rural economy in Budget 2018: Tushar Mahajan, Nomura

Uber sells vehicle lease portfolio of unit to startup firm Fair

Ride-hailing firm Uber on Tuesday said it would sell vehicles and the existing lease portfolio of its auto-leasing business Xchange Leasing to startup digital car marketplace Fair. The companies did not disclose financial terms. Read more here: Uber sells vehicle lease portfolio of unit to startup firm Fair
Read More Here: Uber sells vehicle lease portfolio of unit to startup firm Fair

Chief minister Navin Patnaik launches Startup India-Odisha Yatra

BHUBANESWAR: Odisha Chief Minister Naveen Patnaik on Tuesday launched the Startup India-Odisha Yatra. He said the Yatra van would travel to 60 educational institutions across the 16 districts of the state. Read more here: Chief minister Navin Patnaik launches Startup India-Odisha Yatra
Read More Here: Chief minister Navin Patnaik launches Startup India-Odisha Yatra

Microsoft acquires gaming startup PlayFab

SAN FRANCISCO: Microsoft has acquired gaming start-up PlayFab for an undisclosed sum and will integrate its services into Azure platform to help developers build better games. PlayFab powers more than 1,200 live games and has served over 700 million players. Read more here: Microsoft acquires gaming startup PlayFab
Read More Here: Microsoft acquires gaming startup PlayFab

Betting on these 3 stocks right now: Abhimanyu Sofat, IIFL

Talking to ET Now, Abhimanyu Sofat , VP- Research, IIFL, says he is bullish on Indian Energy Exchange and also a couple of real estate stocks like Godrej Properties and Brigade. Read more here: Betting on these 3 stocks right now: Abhimanyu Sofat, IIFL
Read More Here: Betting on these 3 stocks right now: Abhimanyu Sofat, IIFL

Monday, 29 January 2018

Fitness network Strava, which released online heatmap of 1 billion workouts, inadvertently reveals activity of US soldiers

LONDON: Over the weekend a company called Strava, a social network for athletes, updated an online heatmap which mapped out the routes of 1 billion workouts in 2017. But in doing so, it seems to have exposed secret US military in Turkey, Syria, and Yemen. Read more here: Fitness network Strava, which released online heatmap of 1 billion workouts, inadvertently reveals activity of US soldiers
Read More Here: Fitness network Strava, which released online heatmap of 1 billion workouts, inadvertently reveals activity of US soldiers

There is not much demand for loans from corporates: Keki Mistry, HDFC

Rates will remain stable from RBI’s policy perspective for some time if the fiscal deficit is kept under control and fiscal deficit is in line with the target Loan growth for HDFC came from economically weaker sections and the low income group even as its corporate loan demand remained complacent. Read more here: There is not much demand for loans from corporates: Keki Mistry, HDFC
Read More Here: There is not much demand for loans from corporates: Keki Mistry, HDFC

Economic Survey: Ecommerce will grow 19% to $33b this fiscal

BENGALURU: Discounts, festival offers, speedy delivery and better telecom bandwidth appear to have helped the ecommerce sector register an impressive growth. Read more here: Economic Survey: Ecommerce will grow 19% to $33b this fiscal
Read More Here: Economic Survey: Ecommerce will grow 19% to $33b this fiscal

How AllMusic Reviewed the Grammy Winners

via Timbre
Read More Here: How AllMusic Reviewed the Grammy Winners

- Extreme How-To Blog

Inspecting a home’s foundation is an exercise which needs to be done very carefully and thoroughly. The knowledge in carrying out this inspection is essential as it guides you to carry out the inspection process confidently. Most people are usually doubtful while inspecting a home. Read more here: - Extreme How-To Blog
Read More Here: - Extreme How-To Blog

Dalmia Bharat set to acquire Kalyanpur Cement

MUMBAI: Dalmia Bharat, India’s second-oldest cement company, is set to acquire Patna-based Kalyanpur Cement after lenders approved a debt resolution plan aimed at reviving the entity that used to employ more than 300 people, two people familiar with the matter told ET. Read more here: Dalmia Bharat set to acquire Kalyanpur Cement
Read More Here: Dalmia Bharat set to acquire Kalyanpur Cement

Canada's South Shore Furniture invests $8 million in El Paso plant

EL PASO, Texas - Canadian furniture manufacturer South Shore Furniture will build a 130,000-square-foot warehouse and transfer center in El Paso to ease growing demand for its products in Juarez, Mexico. South Shore will invest $8 million in the warehouse, which will employ 18. Read more here: Canada’s South Shore Furniture invests $8 million in El Paso plant
Read More Here: Canada's South Shore Furniture invests $8 million in El Paso plant

Reliance Infrastructure EPC wins contract for Rs 882 crore NHAI road project

MUMBAI: Reliance Infrastructure has bagged the contract for the six-laning of the Aurangabad-Bihar-Jharkhand border section of NH-2 in Bihar after it emerged as the lowest bidder quoting Rs 882 crore. Read more here: Reliance Infrastructure EPC wins contract for Rs 882 crore NHAI road project
Read More Here: Reliance Infrastructure EPC wins contract for Rs 882 crore NHAI road project

Government policy, global prices led to rise in steel export: Economic Survey

KOLKATA: A mix of policy preference for locally made steel, rise in global steel prices and a slew of measures undertaken by the government to rein in cheap imports led to an unprecedented 53% rise in steel exports in April-December 2017 to 7.6 million tonne (mt), with consumption rising 5. Read more here: Government policy, global prices led to rise in steel export: Economic Survey
Read More Here: Government policy, global prices led to rise in steel export: Economic Survey

MSME sector faces major problem in availing credit: Survey

NEW DELHI: India’s MSME sector faces a major problem in terms of getting adequate credit for expansion of business activities, the Economic Survey said today. Read more here: MSME sector faces major problem in availing credit: Survey
Read More Here: MSME sector faces major problem in availing credit: Survey

Tooldunia - Safety Equipment Price List | 3m | jacky | Kimberly Clark | Godrej | Hillson

Check the new safety equipment in the store. #safety Select from a huge variety of safety equipment and compare prices across various online stores. Compare prices of Power Tools in India Here.
Read More Here: Tooldunia - Safety Equipment Price List | 3m | jacky | Kimberly Clark | Godrej | Hillson

Bankruptcy proceedings: JSW Steel offers Rs 3,700 cr for Monnet Ispat

NEW DELHI: JSW Steel has offered Rs 3,700 crore for Monnet Ispat which is undergoing the insolvency resolution proceedings that are expected to be completed by mid-February, sources said. Read more here: Bankruptcy proceedings: JSW Steel offers Rs 3,700 cr for Monnet Ispat
Read More Here: Bankruptcy proceedings: JSW Steel offers Rs 3,700 cr for Monnet Ispat

Budegt 2018: Refractory industry hopes changes in the duty structure

Rs 6,500-crore industry expects the govt to provide necessary policy intervention to enable the industry to benefit from growing demand in the Indian market. Read more here: Budegt 2018: Refractory industry hopes changes in the duty structure
Read More Here: Budegt 2018: Refractory industry hopes changes in the duty structure

Budget 2018: Non-ferrous metals sector wants govt to reduce import duty on raw materials

The non-ferrous metals sector is pinning its hopes on the budget this year to remove a key pain point like reduction in import duty on major raw materials while stepping up allocation in infrastructure spends to boost demand for metals & minerals. Read more here: Budget 2018: Non-ferrous metals sector wants govt to reduce import duty on raw materials
Read More Here: Budget 2018: Non-ferrous metals sector wants govt to reduce import duty on raw materials

Milwaukee Collated Screw Gun Attachment Review

Hanging drywall or performing other applications that take a ton of fastening can be a chore when using an impact driver. Lucky for us, manufacturers have created screw guns which make setting fasteners simple. Read more here: Milwaukee Collated Screw Gun Attachment Review
Read More Here: Milwaukee Collated Screw Gun Attachment Review

Govt should take a leaf out of Trump’s book, start reducing corporate tax: KVS Manian, Kotak Mahindra Bank

Talking to ET Now, KVS Manian, President -Corporate and Investment Bank, Kotak Mahindra Bank , says expects some changes in the PM Awas Yojana Scheme and further push in terms of the size and value of the properties there. Read more here: Govt should take a leaf out of Trump’s book, start reducing corporate tax: KVS Manian, Kotak Mahindra Bank
Read More Here: Govt should take a leaf out of Trump’s book, start reducing corporate tax: KVS Manian, Kotak Mahindra Bank

3 drivers for breaching Eco Survey expectations of 7.5% growth in FY19: Rajiv Kumar, Niti Aayog

In an interview with ET Now, Rajiv Kumar, Vice Chairman, Niti Aayog, says pickup in investment cycle, export growth and rise in domestic consumption demand, could see return to higher growth than envisaged by Economic Survey in FY19. The headline growth number for fiscal year 2018 is at 6. Read more here: 3 drivers for breaching Eco Survey expectations of 7.5% growth in FY19: Rajiv Kumar, Niti Aayog
Read More Here: 3 drivers for breaching Eco Survey expectations of 7.5% growth in FY19: Rajiv Kumar, Niti Aayog

Economic Survey: How India can become a global science & technology leader

As India emerges as one of the world’s largest economies, the Economic Survey 2017-2018 has cautioned that it needs to gradually move from being a net consumer of knowledge to becoming a net producer. Read more here: Economic Survey: How India can become a global science & technology leader
Read More Here: Economic Survey: How India can become a global science & technology leader

Alibaba, Foxconn lead $350 million funding in electric car startup

BEIJING: Alibaba Group Holding Ltd and Foxconn Technology Co Ltd have led a 2.2 billion yuan ($347.74 million) funding round in Chinese electric car maker Xiaopeng Motors as competition escalates in the new energy vehicle (NEV) market. Read more here: Alibaba, Foxconn lead $350 million funding in electric car startup
Read More Here: Alibaba, Foxconn lead $350 million funding in electric car startup

Steel exports rise 53% on govt measures in Apr-Dec 2017: Survey

A slew of measures adopted by the government helped steel exportsThe survey, tabled by Finance Minister Arun Jaitley in Parliament today, also noted that in the backdrop of a slowing world economy and over-capacity of steel production, India has been witnessing rise in imports of cheap steel from co Read more here: Steel exports rise 53% on govt measures in Apr-Dec 2017: Survey
Read More Here: Steel exports rise 53% on govt measures in Apr-Dec 2017: Survey

Economic survey says not many people are taking up houses in Mumbai

Despite the shortage of housing in urban India (more than 18 million households in 2012) (MHUPA, 2016), there is also a trend increase in vacant houses: from 6.5 million in 2001 to 11.1 million in 2011, says the Economic Survey 2017-18 which was tabled in the Parliament today. Read more here: Economic survey says not many people are taking up houses in Mumbai
Read More Here: Economic survey says not many people are taking up houses in Mumbai

Oil price willing, 6.75% growth for FY18 and 7-7.5% in FY 19 is feasible, say experts

ET Now discusses the impact of the Economic Survey 2018 with Mythili Bhusnurmath , Consulting Editor, Nilesh Shah , MD, Kotak AMC, Ananth Narayan , Money Market Expert, Saugata Bhattacharya , Economist, Axis Bank, Swaminathan Aiyar, Consulting Editor and Sachidanand Shukla, Chief Economist, M&M . Read more here: Oil price willing, 6.75% growth for FY18 and 7-7.5% in FY 19 is feasible, say experts
Read More Here: Oil price willing, 6.75% growth for FY18 and 7-7.5% in FY 19 is feasible, say experts

'Arvind Subramanian is more relaxed about having a larger fiscal deficit than Jaitley is'

If you take recapitalisation bonds into account and if you take into account the fiscal jugglery in HPCL and ONGC, already all kinds of tricks are being done to stretch the fiscal deficit definition, says Swaminathan Aiyar . Read more here: ‘Arvind Subramanian is more relaxed about having a larger fiscal deficit than Jaitley is’
Read More Here: 'Arvind Subramanian is more relaxed about having a larger fiscal deficit than Jaitley is'

Oil price willing, 6.75% growth for FY18 and 7-7.5% in FY 19 is feasible, say experts

Economic Survey: Large businesses corner 82.6% of credit, MSMEs get a paltry 17.4 %

According to the Economic Survey 2017-18, data on credit disbursed by banks shows that out of a total outstanding credit of Rs 26,041 billion as in November 2017, 82.6% of the amount was lent to large enterprises and MSMEs got only 17.4 % of total credit. Read more here: Economic Survey: Large businesses corner 82.6% of credit, MSMEs get a paltry 17.4 %
Read More Here: Economic Survey: Large businesses corner 82.6% of credit, MSMEs get a paltry 17.4 %

Economic Survey: Why smaller firms ditched Composition Scheme to be regular GST flier

The Goods and Services Tax (GST) has turned out to be a treasure trove of data for the Chief Economic Adviser Arvind Subramanian, as the Economic Survey 2017-18 shows more than 54.3 % of those eligible to register under the composition scheme, chose instead to be regular filers. Read more here: Economic Survey: Why smaller firms ditched Composition Scheme to be regular GST flier
Read More Here: Economic Survey: Why smaller firms ditched Composition Scheme to be regular GST flier

India's crude steel production rises 6.2% to 101.4 MT in 2017

NEW DELHI: India’s crude steel production grew by 6.2 per cent to 101.4 million tonnes (MT) in 2017 compared to 95.5 MT in the previous year, a report by World Steel Association said. China remained the world leader by producing 831.7 MT in 2017, up 5.7 per cent from 786. Read more here: India’s crude steel production rises 6.2% to 101.4 MT in 2017
Read More Here: India's crude steel production rises 6.2% to 101.4 MT in 2017

How JSPL is managing to come out of banks’ NPA list

Talking to ET Now, Naushad A Ansari, CEO, Steel Business, JSPL, says volume rampup as well as increase in NSR helped the company in achieving the numbers. Edited excerpts: Good rebound in your operational profitability this time but the top line growth has disappointed. Read more here: How JSPL is managing to come out of banks’ NPA list
Read More Here: How JSPL is managing to come out of banks’ NPA list

Workspace eyes Rs 25 crore revenue from first Bengaluru facility

NEW DELHI: Co-working office operator Workspace has launched its first facility in Bengaluru with 1,000 seats and expects a revenue of Rs 25 crore annually. According to Knight Frank’s latest report, the co-working phenomenon is gathering speed in India. Read more here: Workspace eyes Rs 25 crore revenue from first Bengaluru facility
Read More Here: Workspace eyes Rs 25 crore revenue from first Bengaluru facility

Sunday, 28 January 2018

'Smog-free tower' turns dust into jewellery now

LONDON: The air we breathe is not as clean as it once was. On high-smog days in Krakow, Poland, the city’s air pollution can reach six times that of safe levels. Read more here: ‘Smog-free tower’ turns dust into jewellery now
Read More Here: 'Smog-free tower' turns dust into jewellery now

Chinese gaming company AGTech partners with Paytm to launch mobile gaming platform Gamepind

BENGALURU: Chinese gaming and entertainment company AGTech Holdings Limited has entered a joint venture with Paytm to launch Gamepind, a mobile gaming platform with social and casual games that include rewards. Read more here: Chinese gaming company AGTech partners with Paytm to launch mobile gaming platform Gamepind
Read More Here: Chinese gaming company AGTech partners with Paytm to launch mobile gaming platform Gamepind

Arun Jaitley's last full Budget to be different due to GST

NEW DELHI: The last full Union Budget to be presented by Finance Minister Arun Jaitley in the forthcoming session of Parliament beginning on Monday will be unlike his previous four such exercises because of the complete overhaul of the indirect tax regime effected by implementing the Goods and Servi Read more here: Arun Jaitley’s last full Budget to be different due to GST
Read More Here: Arun Jaitley's last full Budget to be different due to GST

Yogesh Mehta of MOSL on when to invest in telecom

Talking to ET Now, Yogesh Mehta , VP, Group Leader - PCG Advisory, Motilal Oswal Securities Ltd , says buying telecom sector on decline would be a good opportunity again to get at least 10-20% return. The telecom pricing war continues to heat up. Read more here: Yogesh Mehta of MOSL on when to invest in telecom
Read More Here: Yogesh Mehta of MOSL on when to invest in telecom

Step up for Urban Ladder as revenues climb 22%

BENGALURU: Online furniture store Urban Ladder concluded 2016-17 with increased revenues and trimmed losses. Read more here: Step up for Urban Ladder as revenues climb 22%
Read More Here: Step up for Urban Ladder as revenues climb 22%

Why is Open Source software so popular?

Open source is changing the way businesses, both large and small, function. Online communities are coming together like never before to promote the use of open source. It is in fact become a mass movement of sorts. Read more here: Why is Open Source software so popular?
Read More Here: Why is Open Source software so popular?

Let there be LiFi! Centre switches on superfast Internet pilot

NEW DELHI: Imagine if the LED bulbs in your house could transmit high-speed data without WiFi or broadband. Read more here: Let there be LiFi! Centre switches on superfast Internet pilot
Read More Here: Let there be LiFi! Centre switches on superfast Internet pilot

Cisco arm invests in tech fund Stellaris

BENGALURU: Early-stage technology-focused startup fund Stellaris Venture Partners has raised an undisclosed amount from Cisco Investments, an arm of US-based network gear maker Cisco. Read more here: Cisco arm invests in tech fund Stellaris
Read More Here: Cisco arm invests in tech fund Stellaris

Let there be LiFi! Centre switches on superfast Internet pilot

Paytm staffers earn Rs 300 crore via Esops sale

BENGALURU: Existing and former employees of payments and financial services company Paytm have been able to liquidate their vested Esops (employee stock ownership plan) to earn Rs 300 crore ($47 million) during the company’s recent secondary share sale, which values the entity at $10 billion. Read more here: Paytm staffers earn Rs 300 crore via Esops sale
Read More Here: Paytm staffers earn Rs 300 crore via Esops sale

Ebix, London-based investor in race to acquire Educomp Solutions

NEW DELHI: Ebix and a London-based investor are competing to buy debt-laden Educomp Solutions after they submitted binding offers for the company on Saturday, according to people briefed on the matter. Read more here: Ebix, London-based investor in race to acquire Educomp Solutions
Read More Here: Ebix, London-based investor in race to acquire Educomp Solutions

Analysts remain positive on Maruti, here’s why

Talking to ET Now, Pankaj Pandey , Head Research, ICICIdirect.com and Yogesh Mehta , VP, Group Leader - PCG Advisory, Motilal Oswal Securities Ltd, discuss the Maruti stock and how royalty calculation change saved the day. Read more here: Analysts remain positive on Maruti, here’s why
Read More Here: Analysts remain positive on Maruti, here’s why

Banks see liquidity stress on cards as digital payment subsidy kicks in

BENGALURU: The government’s decision to subsidise digital payments below Rs 2,000 is cumulating problems for banks in the merchant-acquiring business. Read more here: Banks see liquidity stress on cards as digital payment subsidy kicks in
Read More Here: Banks see liquidity stress on cards as digital payment subsidy kicks in

Jasper Infotech in talks to offload Unicommerce unit

NEW DELHI: Jasper Infotech has begun preliminary discussions to sell its SaaS-based, ecommerce-focused, warehouse management company Unicommerce eSolutions, a transaction, which if successful, will be the last major asset sold by the company as it looks to raise cash. Read more here: Jasper Infotech in talks to offload Unicommerce unit
Read More Here: Jasper Infotech in talks to offload Unicommerce unit

Rejig in sales strategy: Ecommerce discounts on iPhones may soon be over

KOLKATA: Ecommerce discounts on iPhones may soon come to an end following a sales shakeup by new country boss Michel Coulomb, said people with knowledge of the matter. Apple India has more than halved distributor margins to 1.7-2. Read more here: Rejig in sales strategy: Ecommerce discounts on iPhones may soon be over
Read More Here: Rejig in sales strategy: Ecommerce discounts on iPhones may soon be over

Policy trend is supportive of foreign investments: Mike Wells, Prudential plc

For the first time in 10 years, all major central banks are going to normalise policy. What does it mean for asset managers like you? The challenge is, will there be an alignment of central bank policy? There was a perfect alignment postcrisis. Read more here: Policy trend is supportive of foreign investments: Mike Wells, Prudential plc
Read More Here: Policy trend is supportive of foreign investments: Mike Wells, Prudential plc

ArcelorMittal, Nippon tie up to jointly bid for Essar Steel

MUMBAI: Two global steel giants — ArcelorMittal and Nippon Steel — are teaming up to jointly bid for bankrupt Essar Steel, said two senior executives who did not want to be named. The asset is expected to go under the hammer in the second week of February. Read more here: ArcelorMittal, Nippon tie up to jointly bid for Essar Steel
Read More Here: ArcelorMittal, Nippon tie up to jointly bid for Essar Steel

Racing against Flipkart, Amazon pumps record capital into India

BENGALURU: Amazon has pumped record capital into its main India unit this financial year, adding crucial firepower with its latest infusion of Rs 1,950 crore as the global online retail giant accelerates efforts to race past larger domestic rival Flipkart. Read more here: Racing against Flipkart, Amazon pumps record capital into India
Read More Here: Racing against Flipkart, Amazon pumps record capital into India

Last date for Bhushan Power & Steel bids extended

KOLKATA|MUMBAI: The last date for submitting bids for debt-laden Bhushan Power & Steel has been extended by 10 days to February 8 to consider some ‘encouraging’ offers, the Committee of Creditors decided on Saturday. Read more here: Last date for Bhushan Power & Steel bids extended
Read More Here: Last date for Bhushan Power & Steel bids extended

Gajanan Oil cries foul on Murli bid, to move NCLT

MUMBAI: Gajanan Oil, number two in the race to acquire debt-laden Murli Industries, has moved NCLT to challenge the resolution professional’s decision in favour of Dalmia Bharat, citing a last-minute change in rules that strengthened the case for India’s second-oldest cement manufacturer. Read more here: Gajanan Oil cries foul on Murli bid, to move NCLT
Read More Here: Gajanan Oil cries foul on Murli bid, to move NCLT

Last date for Bhushan Power & Steel bids extended

Vedanta bags 2 Odisha bauxite mines

DAVOS: After being vilified for more than seven years by activists and the green lobby, political heavyweights such as Rahul Gandhi and even a handful of conscious capitalists for his mining exploits, or rebuked by the British government, international pop stars and Hollywood legends for his apparen Read more here: Vedanta bags 2 Odisha bauxite mines
Read More Here: Vedanta bags 2 Odisha bauxite mines

Essar Power to surrender Tokisud coal mine, seek Rs 490cr refund

MUMBAI: Faced with delays in key approvals and sudden change in tariff terms, Essar Power has decided to surrender the Tokisud North coal block in Jharkhand in which it has already invested Rs 490 crore. The move will cripple the company’s 1,200-mw Mahan plant in Madhya Pradesh. Read more here: Essar Power to surrender Tokisud coal mine, seek Rs 490cr refund
Read More Here: Essar Power to surrender Tokisud coal mine, seek Rs 490cr refund

GE Faces Uncertain Future with More than $90 Billion in Active Projects in the Balance

SUGAR LAND–January 25, 2018–Researched by Industrial Info Resources (Sugar Land, Texas)–As 2017 wound down, it became clear that General Electric (NYSE:GE) (Fairfield, Connecticut) was facing troubled times. Read more here: GE Faces Uncertain Future with More than $90 Billion in Active Projects in the Balance
Read More Here: GE Faces Uncertain Future with More than $90 Billion in Active Projects in the Balance

Saturday, 27 January 2018

With little expectations from Jaitley's budget, startup world says Feb 1 doesn’t matter much

On February 1, when businesspeople across the country will be tracking every word of the Union Budget, Manish Kumar won’t bother much about it. The founder of fintech startup GREX and convener of industry lobby Fintech Forum, he will instead be finalising the adoption of a girl child. Read more here: With little expectations from Jaitley’s budget, startup world says Feb 1 doesn’t matter much
Read More Here: With little expectations from Jaitley's budget, startup world says Feb 1 doesn’t matter much

TiE announces its Nizamabad chapter

In a booster for entrepreneurship, Telangana’s Nizamabad district on Saturday got its chapter of The Indus Entrepreneurs (TiE) and plans to have a corpus of nearly Rs 20 lakh for investments into various start-ups and building the ecosystem. Read more here: TiE announces its Nizamabad chapter
Read More Here: TiE announces its Nizamabad chapter

Union Budget 2018: Startups suggest practical solutions to key issues

NEW DELHI: Startups and investors eagerly await the government’s response to much articulated challenges in dealing with the ‘draconian’ angel tax which as per industry experts threatens to derail the march of India towards one of the world’s biggest startup ecosystems. Read more here: Union Budget 2018: Startups suggest practical solutions to key issues
Read More Here: Union Budget 2018: Startups suggest practical solutions to key issues

How Daawat transformed rice from a commodity into one of the top basmati brands

In early 1980s, the Aroras went against the grain. Though the Gurgaon-based family had been in the business of rice since 70s, the product was nothing more than a commodity—much like masalas, salt and cooking oil—that could be bought by consumers from a nearby mom and pop store. Read more here: How Daawat transformed rice from a commodity into one of the top basmati brands
Read More Here: How Daawat transformed rice from a commodity into one of the top basmati brands

Here's how tea became a full-time passion for these two families

Twenty-five years ago Karan Shah’s father made a huge bet. The family-run tea company that started life in 1933 in Mumbai’s Chai Galli, was about to launch a modern tea brand called Society Tea. Market research dictated colour its packaging red, green or yellow. Read more here: Here’s how tea became a full-time passion for these two families
Read More Here: Here's how tea became a full-time passion for these two families

How Daawat transformed rice from a commodity into one of the top basmati brands

Budget 2018 and the tax effect

In a chat with Ashwin Mohan of ET Now, Ketan Dalal , Managing Partner, Katalyst Advisors and Sudhir Kapadia , National Tax Leader, EY , discuss the expected effect of Budget 2018 on taxes. Read more here: Budget 2018 and the tax effect
Read More Here: Budget 2018 and the tax effect

Is Bira going to be a keeper or beer today, gone tomorrow?

In the startup circle, Ankur Jain is known for his innovative streak. Jain, who set up B9 Beverages, the company that brews Bira 91 (aka Bira), got a start the liquor business importing a few beers brands. Read more here: Is Bira going to be a keeper or beer today, gone tomorrow?
Read More Here: Is Bira going to be a keeper or beer today, gone tomorrow?

Homegrown and growing

Homegrown brands may mean different things to different people. For this discussion, I refer to brands that have been created primarily for consumers in India, whether made by an Indian brand owner or multinational. The brand may have crossed shores and could even be selling more outside India. Read more here: Homegrown and growing
Read More Here: Homegrown and growing

Most powerful engine of India's growth: Service MSMEs

Most Indians know of Bajaj but, except for a few hundred loyal customers, nobody knows of First Konzept, a small interior decorator firm run by J Bhuvaneswari. Or Vivahaa Caterers run by RK Ragavendran or Evergreen Modular Kitchen run by Kavitha. Read more here: Most powerful engine of India’s growth: Service MSMEs
Read More Here: Most powerful engine of India's growth: Service MSMEs

Friday, 26 January 2018

Keep 10,500 as the nearest trend change level for Nifty: Dr CK Narayan

Talking to ET Now, Dr CK Narayan , Founder, Chart Advise , says as long as the liquidity flow remains and that there are no adverse occurrences whether domestically or from overseas, there is no reason for any substantial pullback in the Nifty. Read more here: Keep 10,500 as the nearest trend change level for Nifty: Dr CK Narayan
Read More Here: Keep 10,500 as the nearest trend change level for Nifty: Dr CK Narayan

Six Circle-Cutting Techniques

As a woodworker and mechanical sculpture maker, I often make circles and discs. Read more here: Six Circle-Cutting Techniques
Read More Here: Six Circle-Cutting Techniques

Furniture show exhibits sculpture of Jimmy Carter's right hand

ESCONDIDO, Calif. - Wood, A Furniture Show IX opened on Jan. 12 and runs through Feb. 3 at the Escondido Arts Partnership Municipal Gallery in Escondido, California. About 50 finely crafted pieces of wood furniture will be on display and for sale with some pieces priced over $10,000. Read more here: Furniture show exhibits sculpture of Jimmy Carter’s right hand
Read More Here: Furniture show exhibits sculpture of Jimmy Carter's right hand

Bosch Charger & Power Adapter

Over the years the power tool world has been moving away from corded tools to cordless tools. We have seen battery technology increase and the use of Lithium-Ion has made a lot of what we do today with power tools a real possibility. Read more here: Bosch Charger & Power Adapter
Read More Here: Bosch Charger & Power Adapter

Future Supply Chain Solutions buys Vulcan Express for Rs 35 crore

NEW DELHI: Future Supply Chain Solutions, the logistics company promoted by retail titan Kishore Biyani, has acquired Vulcan Express, the logistics arm of Jasper Infotech, which also owns and operates online marketplace Snapdeal, in a Rs 35 crore, all-cash deal. Read more here: Future Supply Chain Solutions buys Vulcan Express for Rs 35 crore
Read More Here: Future Supply Chain Solutions buys Vulcan Express for Rs 35 crore

Thursday, 25 January 2018

MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and new

Fifteen months after MakeMyTrip announced its merger with smaller rival Ibibo Group, the largest ever consolidation to take place in the Indian startup ecosystem, the jury is still out on whether the landmark deal has started paying dividends for the merged entity. The $1. Read more here: MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and new
Read More Here: MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and new

Intex plans Rs 60 crore investment in IoT, technology startups

NEW DELHI: Intex Technologies is looking to invest around Rs 60 crore this year in technology software and Internet of Things (IoT) startups with an aim to build an ecosystem for its mobile devices and consumer appliances business. Read more here: Intex plans Rs 60 crore investment in IoT, technology startups
Read More Here: Intex plans Rs 60 crore investment in IoT, technology startups

Tata steel wants to bid afresh for Electrosteel on MAT relief

MUMBAI: Tata Steel has sought an opportunity to bid afresh for bankrupt Electrosteel Steels on the ground that clarity had emerged regarding taxes to be paid on acquiring a stressed asset subsequent to the deadline for submissions having passed, said two persons with knowledge of the development. Read more here: Tata steel wants to bid afresh for Electrosteel on MAT relief
Read More Here: Tata steel wants to bid afresh for Electrosteel on MAT relief

Album Premiere: Listener, ‘Being Empty: Being Filled’

via Timbre
Read More Here: Album Premiere: Listener, ‘Being Empty: Being Filled’

New National Office Furniture, Kimball Hospitality chiefs named

JASPER, Ind., - Kimball International Inc. has selected two women to lead the contract furniture giant’s National Office Furniture and Kimball Hospitality divisions. Read more here: New National Office Furniture, Kimball Hospitality chiefs named
Read More Here: New National Office Furniture, Kimball Hospitality chiefs named

Piramal Enterprises joins JSW, JFE to bid for Bhushan Steel

NEW DELHI: Piramal Enterprises will join JSW Steel and its Japanese business partner JFE Steel Corp to bid for debt-laden Bhushan Steel, a source privy to the development said. Read more here: Piramal Enterprises joins JSW, JFE to bid for Bhushan Steel
Read More Here: Piramal Enterprises joins JSW, JFE to bid for Bhushan Steel

Piramal Enterprises joins JSW, JFE to bid for Bhushan Steel

JSW not keen on Essar Steel, to focus on Jharkhand and Odisha

MUMBAI: Sajjan Jindal’s JSW Ltd will focus its resources for stressed assets in the iron-ore-rich eastern states of Odisha and Jharkhand, thus ceding ground in the race for Essar Steel, located near India’s western water margin, to likely bids from the Tata group, ArcelorMittal and the Ruia brothers Read more here: JSW not keen on Essar Steel, to focus on Jharkhand and Odisha
Read More Here: JSW not keen on Essar Steel, to focus on Jharkhand and Odisha

Inner Being among shortlisted for Amazon Launch Pad program

HYDERABAD: Hyderabad based food products startup Inner Being Wellness was selected to be part of Amazon Launch Pad Program. In a statement, Inner Being said it was among three finalists selected for the program by online retail major Amazon Inc among 184 entries received. Read more here: Inner Being among shortlisted for Amazon Launch Pad program
Read More Here: Inner Being among shortlisted for Amazon Launch Pad program

NHIDCL inks MoU with IL&FS for Rs 6,808 crore Zojila tunnel project

New Delhi, Jan 25 () NHIDCL and IL&FS transportation signed an MoU for construction of Zojila tunnel at an estimated cost of Rs 6,808.69 crore, the government said today. The tunnel will provide all weather connectivity between Srinagar, Kargil and Leh. Read more here: NHIDCL inks MoU with IL&FS for Rs 6,808 crore Zojila tunnel project
Read More Here: NHIDCL inks MoU with IL&FS for Rs 6,808 crore Zojila tunnel project

Betting on these 3 stocks after Q3 earnings: Siddharth Sedani, Anand Rathi

Talking to ET Now, Siddharth Sedani, VP - Equity Sales Advisory, Anand Rathi, says focusing on three themes – agri, FMCG and midcap IT. In these themes Dabur in FMCG, Tata Elxsi in midcap IT and UPL in agri are the threes stocks he is bullish on. Read more here: Betting on these 3 stocks after Q3 earnings: Siddharth Sedani, Anand Rathi
Read More Here: Betting on these 3 stocks after Q3 earnings: Siddharth Sedani, Anand Rathi

Hope to cover 1 cr merchants in 3-6 months: Paytm

KOLKATA: Mobile-first financial services platform Paytm hopes to cover 10 million merchants across India in three to six months from the existing six million merchant-partners for Quick Response (QR)-based payments, an official said on Thursday. Read more here: Hope to cover 1 cr merchants in 3-6 months: Paytm
Read More Here: Hope to cover 1 cr merchants in 3-6 months: Paytm

Jabong clocks 40x revenues within the first hour of the Big Brand sale

The Big Brand Sale by Jabong opened to a 40x revenue over baseline within the first hour. Gunjan Soni, Head of Jabong, said, “The Big Brand Sale has received a tremendous response with traffic to the platform rising by 4x and new customer acquisition ahead of our plan. Read more here: Jabong clocks 40x revenues within the first hour of the Big Brand sale
Read More Here: Jabong clocks 40x revenues within the first hour of the Big Brand sale

Government collects only Rs 335 cr under GST Composition scheme in one quarter

Even as total GST collections for the month of December came in at higher than expected Rs. 86,703 crore, the composition scheme under GST seems to be not working well as the figures for the quarter July-September 2017, shows only Rs 335.86 crore being collected. Read more here: Government collects only Rs 335 cr under GST Composition scheme in one quarter
Read More Here: Government collects only Rs 335 cr under GST Composition scheme in one quarter

Banking reforms are great but execution risk remains high: Vishal Goyal, UBS Securities

Talking to ET Now, Vishal Goyal, UBS Securities, says the way allocation has happened, a large part of the capital appears to be going into NPL provisioning. Edited excerpts: By now, we know what the reform roadmap is. Read more here: Banking reforms are great but execution risk remains high: Vishal Goyal, UBS Securities
Read More Here: Banking reforms are great but execution risk remains high: Vishal Goyal, UBS Securities

Government collects only Rs 335 cr under GST Composition scheme in one quarter

Milwaukee Pry Bar Review

There are a lot of times we need a way to pry something open or away from something else. Just the other day I was trying to pry a header board away from the wall without ruining the boards behind it. If I only had the Milwaukee Pry Bars. Read more here: Milwaukee Pry Bar Review
Read More Here: Milwaukee Pry Bar Review

NPAs in HFC biz has peaked at 4.5%, but AMC biz is leading: Raamdeo Agrawal, MOFSL

Talking to ET Now, Raamdeo Agrawal , MD & CO-Founder, MOFSL , says fund-based and asset management business together account for 60% and broking 40% of the profitability. Housing finance has no contribution. Read more here: NPAs in HFC biz has peaked at 4.5%, but AMC biz is leading: Raamdeo Agrawal, MOFSL
Read More Here: NPAs in HFC biz has peaked at 4.5%, but AMC biz is leading: Raamdeo Agrawal, MOFSL

Union Budget 2018: EV makers seek incentive boosters in form of lower GST, registration charge exemption

NEW DELHI: In the upcoming Union Budget 2018, electric vehicle manufacturers seek rebate in Goods & Services Tax (GST) on electric vehicles and its parts. Currently, 12 percent GST is levied on electric vehicles while its parts including battery attract 28 percent GST. Read more here: Union Budget 2018: EV makers seek incentive boosters in form of lower GST, registration charge exemption
Read More Here: Union Budget 2018: EV makers seek incentive boosters in form of lower GST, registration charge exemption

Edelweiss’ Vinay Khattar on 3 investment trends among HNIs

In an interview with ET Now, Vinay Khattar, Edelweiss , says high networth investors (HNIs) are slowly exiting overvalued midcaps and people are happier playing large-cap IT and pharma at this stage. This is the first trend. Read more here: Edelweiss’ Vinay Khattar on 3 investment trends among HNIs
Read More Here: Edelweiss’ Vinay Khattar on 3 investment trends among HNIs

Can blockchain save the Amazon in corruption-mired Brazil?

RIO DE JANEIRO: Brazil hopes to reduce corruption with blockchain - the technology behind the bitcoin currency - as it reels from a string of arrests in the world’s biggest graft investigation. Read more here: Can blockchain save the Amazon in corruption-mired Brazil?
Read More Here: Can blockchain save the Amazon in corruption-mired Brazil?

India leads world in Fintech investment returns: UK report

LONDON: India is a dominant force in the financial technology sector globally with 29 per cent annual returns on investments, a report released by the City of London Corporation said on Thursday. Read more here: India leads world in Fintech investment returns: UK report
Read More Here: India leads world in Fintech investment returns: UK report

Low-ticket housing is a big growth area and we are focusing on that: V Vaidyanathan, Capital First

In a chat with ET Now, V Vaidyanathan, Capital First , says the story of demonetisation is over. GST is broadly settled. There is no new clouds in horizon that we should worry about. It is a strong set of numbers. Read more here: Low-ticket housing is a big growth area and we are focusing on that: V Vaidyanathan, Capital First
Read More Here: Low-ticket housing is a big growth area and we are focusing on that: V Vaidyanathan, Capital First

Wednesday, 24 January 2018

Future Group close to a final deal to buy Vulcan Express for Rs 50 crore

NEW DELHI: Future Supply Chain Solutions, the logistics company promoted by retail titan Kishore Biyani, is believed to have agreed to terms to acquire Vulcan Express, the logistics arm of Jasper Infotech, which also owns and operates online marketplace Snapdeal. Read more here: Future Group close to a final deal to buy Vulcan Express for Rs 50 crore
Read More Here: Future Group close to a final deal to buy Vulcan Express for Rs 50 crore

TeamIndus eyes the moon despite no Google Lunar XPRIZE competition

BENGALURU: While the Google Lunar XPRIZE competition will end without a winner, it is not the end of the road for Axiom Research Labs, the parent company of TeamIndus. CEO Rahul Narayan is still trying to push through with the dream of landing on the moon. Read more here: TeamIndus eyes the moon despite no Google Lunar XPRIZE competition
Read More Here: TeamIndus eyes the moon despite no Google Lunar XPRIZE competition

UberMoto will ride into Amritsar, Kanpur later this week

NEW DELHI: Uber is expanding beyond its current 29 cities in India by starting services in Amritsar and Kanpur later this week. Read more here: UberMoto will ride into Amritsar, Kanpur later this week
Read More Here: UberMoto will ride into Amritsar, Kanpur later this week

174-year-old Harden Furniture sells all its assets

McCONNELLSVILLE, N.Y. – One of the nation’s oldest furniture makers is selling all of its assets in an auction. Harden Furniture, a maker of case goods and upholstery, was founded in 1844 and is one of the oldest furniture manufacturers in the United States. Read more here: 174-year-old Harden Furniture sells all its assets
Read More Here: 174-year-old Harden Furniture sells all its assets

With Moon race off, Antrix, TeamIndus call off agreement

Bengaluru-based TeamIndus had said it would launch a spacecraft aboard the Polar Satellite Launch Vehicle (PSLV) from the Satish Dhawan Space Centre in Sriharikota in 2018. Read more here: With Moon race off, Antrix, TeamIndus call off agreement
Read More Here: With Moon race off, Antrix, TeamIndus call off agreement

Experts at a loss to explain taxmen’s Flipkart math

BENGALURU: Flipkart’s paradoxical status as India’s most-valuable but loss-making internet company may have landed it in the tax soup it is in now. Read more here: Experts at a loss to explain taxmen’s Flipkart math
Read More Here: Experts at a loss to explain taxmen’s Flipkart math

With Moon race off, Antrix, TeamIndus call off agreement

PROJECT: Outdoor Storage Chest

Whatever deck or patio items you need to store this fall, here’s a stylish and weather-resistant chest to keep them dry year-round. Read more here: PROJECT: Outdoor Storage Chest
Read More Here: PROJECT: Outdoor Storage Chest

Amazon claims 2X orders than competitor, Flipkart says it leads

NEW DELHI: The year’s first online festive sale saw rivals Amazon.in and Flipkart making contradictory claims with the US major asserting that it has secured 2X orders than its nearest competitor, while the homegrown player said it had 60-65 per cent market share during the three-day period. Read more here: Amazon claims 2X orders than competitor, Flipkart says it leads
Read More Here: Amazon claims 2X orders than competitor, Flipkart says it leads

Bhushan Steel IRP again extends date for bid submission

NEW DELHI: The insolvency resolution professional (IRP) of Bhushan Steel again extended the deadline for submission of resolution plans to February 3. The debt-laden firm informed this via notification on its website today. Read more here: Bhushan Steel IRP again extends date for bid submission
Read More Here: Bhushan Steel IRP again extends date for bid submission

Amazon claims 2X orders than competitor, Flipkart says it leads

Anti-dumping duty likely on a chemical from 3 countries

NEW DELHI: India may impose antidumping duty on a chemical used in pharma industry from China, Germany and Saudi Arabia as the commerce ministry has started a probe into an alleged dumping of the product following complaints by domestic players. Read more here: Anti-dumping duty likely on a chemical from 3 countries
Read More Here: Anti-dumping duty likely on a chemical from 3 countries

Budget 2018: What India's real estate sector expects

The single-tax regime in India ushered in additional cost pressure on real estate. Presently real estate falls under 18% tax bracket of the Goods and Services Tax (GST) Act with 1/3rd abatement for land. However in major metros, the share of land is more than 50% of the project cost. Read more here: Budget 2018: What India’s real estate sector expects
Read More Here: Budget 2018: What India's real estate sector expects

Commerce Ministry permits NFL to import urea for another 2 months

NEW DELHI: The commerce ministry today said it has allowed National Fertilizer Ltd (NFL) to import urea for another two months. So far, state trading enterprises (STEs), including MMTC and State Trading Corporation (STC), were permitted to import fertiliser. Read more here: Commerce Ministry permits NFL to import urea for another 2 months
Read More Here: Commerce Ministry permits NFL to import urea for another 2 months

Lixil group to invest US $65 million on new plant

NEW DELHI: Global housing and building industry group Lixil Corporation on Wednesday said it will invest US $65 million in India, AP, for a greenfield manufacturing for ceramics production, to supply both for the domestic market as well as for overseas markets. Read more here: Lixil group to invest US $65 million on new plant
Read More Here: Lixil group to invest US $65 million on new plant

Is the economy being run by a very small set of people, worries Raghuram Rajan

I worry that we are not getting decisions taken by the bureaucracy, says Raghuram Rajan , Former Governor, RBI speaking to ET Now at Davos. Are we getting too centralised and is there enough capacity to manage what a 2.5 trillion economy needs? This Davos was a lot about India. Read more here: Is the economy being run by a very small set of people, worries Raghuram Rajan
Read More Here: Is the economy being run by a very small set of people, worries Raghuram Rajan

PM's bold statements in Davos should raise animal spirits in India: Anand Mahindra

Talking to ET Now, Anand Mahindra , Chairman, Mahindra Group , says the government has taken action to raise MSPs and other measures and that should create robust demand in rural areas which would be a nice fillip for the Indian economy. Read more here: PM’s bold statements in Davos should raise animal spirits in India: Anand Mahindra
Read More Here: PM's bold statements in Davos should raise animal spirits in India: Anand Mahindra

Milwaukee Backpack Review

As an electrician or HVAC technician, you know that you need about 5,000 jobs in your arsenal. Okay, maybe that is an exaggeration but I think you get the point. It’s crazy that you are expected to stay mobile, be organized and not lose any of your tools. Read more here: Milwaukee Backpack Review
Read More Here: Milwaukee Backpack Review

Budget to continue with process of structural transformations and reforms: Chanda Kochhar

Talking to ET Now at Davos, Chanda Kochhar , MD & CEO, ICICI Bank , says one would definitely see focus on some of the large-scale investments – whether it is agriculture, affordable housing, things that can create and generate employment. Read more here: Budget to continue with process of structural transformations and reforms: Chanda Kochhar
Read More Here: Budget to continue with process of structural transformations and reforms: Chanda Kochhar

Self-drive car rental company Zoomcar turns EBITDA positive

Self-drive car rental company Zoomcar on Wednesday said it has turned EBITDA profitable as the company’s revenues grew over 40% in 2017. On the back of EBITDA profitability and strong revenue growth, the company now plans to enter Southeast Asia and Africa in 2018. Read more here: Self-drive car rental company Zoomcar turns EBITDA positive
Read More Here: Self-drive car rental company Zoomcar turns EBITDA positive

Budget 2018: Focus should be to energise the tepid growth in employment

India needs to do much more to create new jobs and Budget 2018 should look at small and medium enterprises in the country to create new employment avenues. Read more here: Budget 2018: Focus should be to energise the tepid growth in employment
Read More Here: Budget 2018: Focus should be to energise the tepid growth in employment

Self-driven car rental company, Zoomcar, turns EBITDA positive

BANGALORE: Zoomcar’s revenues have grown by 40% and helped it to become EBITDA positive. The company is now planning to enter Southeast Asia and Africa in 2018. Zoomcar profitability push was bolstered by rapid new vehicle supply growth through its industry leading ZAP marketplace. Read more here: Self-driven car rental company, Zoomcar, turns EBITDA positive
Read More Here: Self-driven car rental company, Zoomcar, turns EBITDA positive

We are seeing big change under Modi; going to invest billions of dollars in India: Bob Dudley, BP

In an interview with ET Now at Davos, Bob Dudley , CEO, BP , says under Prime Minister Modi, we have seen a great deal of enthusiasm and we are making big commitments to invest billions of dollars now. Read more here: We are seeing big change under Modi; going to invest billions of dollars in India: Bob Dudley, BP
Read More Here: We are seeing big change under Modi; going to invest billions of dollars in India: Bob Dudley, BP

Expect significant political element in 2018 Budget: Krishna Memani, Oppenheimer Funds

In an interview with Tanvir Gill of ET Now , Krishna Memani, CIO, Oppenheimer Funds , says if inflation picks up in India in a meaningful way, that would not be a good outcome for the Indian economy in the long run. Read more here: Expect significant political element in 2018 Budget: Krishna Memani, Oppenheimer Funds
Read More Here: Expect significant political element in 2018 Budget: Krishna Memani, Oppenheimer Funds

Tuesday, 23 January 2018

Coal India subsidiaries get power to set floor price for e-auctions

Earlier, it had fixed a ceiling for floor prices. It was 20% for non-power consumers and 10% for power. “Subsidiaries have also been empowered to fix the periodicity of these e-auctions depending on market forces,” a senior Coal India executive told ET. Read more here: Coal India subsidiaries get power to set floor price for e-auctions
Read More Here: Coal India subsidiaries get power to set floor price for e-auctions

Sequoia plans largest India fund at $1 billion

MUMBAI: Blue chip venture capital firm Sequoia Capital is preparing to raise up to $1 billion for its sixth India-focused fund, according to four people familiar with the development, making it the largest corpus raised for the domestic market. Read more here: Sequoia plans largest India fund at $1 billion
Read More Here: Sequoia plans largest India fund at $1 billion

Woodworking as Therapy

Some of you may know that I have been a lifelong Minnesota Vikings fan. This relationship has brought both joy and sadness over the years. And it has, of necessity, built character … as regularly recurring soul-crushing events have a tendency to do. Read more here: Woodworking as Therapy
Read More Here: Woodworking as Therapy

Lee Entrekin: Flute Maker

About 20 years ago, Lee Entrekin attended a music festival where he heard Geri Littlejohn play the flute. Lee said, “I just fell in love with the sound of it.” Shortly after purchasing a flute from the performer, Lee decided to try making a flute, “just to see if I could. Read more here: Lee Entrekin: Flute Maker
Read More Here: Lee Entrekin: Flute Maker

ArcelorMittal opts out of Bhushan Steel race

NEW DELHI: ArcelorMittal, the world’s largest steel producer, has withdrawn from bidding for bankrupt Bhushan Power & Steel after it conducted due diligence on the Indian company. Read more here: ArcelorMittal opts out of Bhushan Steel race
Read More Here: ArcelorMittal opts out of Bhushan Steel race