Tuesday, 12 December 2017

Europe, Japan tightening a bigger risk for EMs than Fed: Robert Subbaraman, Nomura

Nomura’s head of emerging markets economics Robert Subbaraman sees big central banks normalising monetary policy faster than the market expects as the biggest risk for Asia in 2018. Read more here: Europe, Japan tightening a bigger risk for EMs than Fed: Robert Subbaraman, Nomura
Read More Here: Europe, Japan tightening a bigger risk for EMs than Fed: Robert Subbaraman, Nomura

MFs will take over fund business of insurance: Sanjeev Pujari, SBI Life Insurance

An actuary is the backbone of an insurance company. It is their word that determines the fate of a company. In India, there are hardly a few hundred practising actuaries and one such is Sanjeev Pujari of SBI Life Insurance. Read more here: MFs will take over fund business of insurance: Sanjeev Pujari, SBI Life Insurance
Read More Here: MFs will take over fund business of insurance: Sanjeev Pujari, SBI Life Insurance

Ace investor Rakesh Jhunjhunwala picks up stake in Nazara in first digital bet

BENGALURU: Ace investor Rakesh Jhunjhunwala has picked up a stake in gaming company Nazara Technologies for Rs 180 crore in his first bet on India’s digital space. Nazara owns popular titles like Chhota Bheem and Virat Cricket. Read more here: Ace investor Rakesh Jhunjhunwala picks up stake in Nazara in first digital bet
Read More Here: Ace investor Rakesh Jhunjhunwala picks up stake in Nazara in first digital bet

Startups in student-lending sector see dropouts, but some score too

BENGALURU: In a year that saw Chinese smartphone maker Xiaomi Technologies enter the domestic student-lending sector as an investor, there have also been a few setbacks recently. Read more here: Startups in student-lending sector see dropouts, but some score too
Read More Here: Startups in student-lending sector see dropouts, but some score too

Google’s DeepMind has simple tests that may prevent AI apocalypse

LONDON: You don’t have to agree with Elon Musk’s apocalyptic fears of artificial intelligence (AI) to be concerned that in the rush to apply the technology in the real world some algorithms could inadvertently cause harm. Read more here: Google’s DeepMind has simple tests that may prevent AI apocalypse
Read More Here: Google’s DeepMind has simple tests that may prevent AI apocalypse

need2know: 10 macro cues for your day on D-Street

Hello! Here’s a lowdown on top macro triggers that are likely to move the market on Wednesday. This report was compiled from agency feeds. Read more here: need2know: 10 macro cues for your day on D-Street
Read More Here: need2know: 10 macro cues for your day on D-Street

Knoll buys Muuto furnishings for $300 million

EAST GREENVILLE, Pa. - Knoll Inc. has signed a definitive agreement to acquire Muuto for $300 million. The Skandinavian company offers furniture, lighting and acccessories for the office/workplace and home. Announced Dec. 12, the transaction is expected to close in January. Read more here: Knoll buys Muuto furnishings for $300 million
Read More Here: Knoll buys Muuto furnishings for $300 million

Real Estate Developers welcome govt's takeover of Unitech

NEW DELHI: Leading developers across the country have largely hailed the government takeover of beleaguered realty developer Unitech even as some were caught by surprise. The ministry of corporate affairs that initiated the takeover over alleged mismanagement and diversion of funds on Friday. Read more here: Real Estate Developers welcome govt’s takeover of Unitech
Read More Here: Real Estate Developers welcome govt's takeover of Unitech

Haryana warehouses cater to huge market for Amazon

Haryana is home to three large Amazon warehouses or fulfilment centres (FCs) that feed the crucial market of NCR and some of the northern states. “We have three large FCs located in Haryana. Those FCs largely cater to Haryana, NCR and surrounding states,” said an Amazon spokesperson. Read more here: Haryana warehouses cater to huge market for Amazon
Read More Here: Haryana warehouses cater to huge market for Amazon

Aion-JSW frontrunner to acquire Monnet Ispat

Tata Steel, Anil Agarwal-led Vedanta Group and Hong Kong-based SSG Capital were among those evaluating the asset but people aware of the matter said it was unlikely they submitted bids, making the Aion-JSW the sole contender. Aion Capital is a JV between ICICI Venture and Apollo Global Management. Read more here: Aion-JSW frontrunner to acquire Monnet Ispat
Read More Here: Aion-JSW frontrunner to acquire Monnet Ispat

Now, PhonePe joins hands with SafeGold for digital gold product

Ecommerce major Flipkart’s digital payments arm, Phone-Pe, has launched a digital gold product in partnership with SafeGold. Paytm, the country’s largest digital payments company, already offers a similar product. Read more here: Now, PhonePe joins hands with SafeGold for digital gold product
Read More Here: Now, PhonePe joins hands with SafeGold for digital gold product

Tax incentives entice office furniture maker to relocate to new state

MILFORD, Iowa - Office & organizational furniture manufacturer Safco Products will add 100 manufacturing jobs at its new plant in Milford, Iowa thanks to an economic incentive package from the city. Read more here: Tax incentives entice office furniture maker to relocate to new state
Read More Here: Tax incentives entice office furniture maker to relocate to new state

Facebook Live and Me

Tomorrow afternoon at 5PM Central Standard Time, I will be doing a Facebook live presentation on the Rockler Woodworking and Hardware Facebook page. The topic of the live presentation is my top picks for holiday gifts for woodworkers. Read more here: Facebook Live and Me
Read More Here: Facebook Live and Me

Facebook Live and Me

Tomorrow afternoon at 5PM Central Standard Time, I will be doing a Facebook live presentation on the Rockler Woodworking and Hardware Facebook page. The topic of the live presentation is my top picks for holiday gifts for woodworkers. Read more here: Facebook Live and Me
Read More Here: Facebook Live and Me

Brushing Top Coats and Cleaning Brushes

Learn how to apply a smooth top coat using a brush. Michael Dresdner demonstrates how to brush on a varnish finish and tip off the finish. Tipping off is a technique used to smooth out brush strokes. After brushing on the final finish, you will need to clean your brush. Read more here: Brushing Top Coats and Cleaning Brushes
Read More Here: Brushing Top Coats and Cleaning Brushes

Mesquite Projects

I’ve been experimenting with mesquite lumber, here are photos of my first efforts. Attached are photos of two small and one medium size project. All are made from mesquite lumber (the bowl is mesquite burl) and accented with turquoise inlay. Read more here: Mesquite Projects
Read More Here: Mesquite Projects

Which Wood Figure?

In last week’s issue of Woodworker’s Journal Weekly, Rob asked your opinion about wood grain and figure (and whether it agreed with his). Yes, is the answer to that question for some of you. – Editor Read more here: Which Wood Figure?
Read More Here: Which Wood Figure?

Angel investment networks’ risk appetite reduces, funding slow in 2017: Innoven Capital

MUMBAI: Tax complications and cautious optimism across growth stages in the venture capital ecosystem have made a dent on investment sentiment even across early stage angel investments. Read more here: Angel investment networks’ risk appetite reduces, funding slow in 2017: Innoven Capital
Read More Here: Angel investment networks’ risk appetite reduces, funding slow in 2017: Innoven Capital

Diamondback Reaches the NFL

When Michael Williams and Connor Crook bought Diamondback Toolbelts this year, their goal was to take a decades-old venerable brand and make it even better. Read more here: Diamondback Reaches the NFL
Read More Here: Diamondback Reaches the NFL

Can I Use a Wide Dado Set Without an Arbor Washer?

When building cabinets, I frequently assemble my stacked dado blade to cut a “near” three-quarter-inch dado. At this point, I can no longer use the arbor washer that came with my saw and still have all threads in the arbor nut engage. Read more here: Can I Use a Wide Dado Set Without an Arbor Washer?
Read More Here: Can I Use a Wide Dado Set Without an Arbor Washer?

Powermatic® 3520C Wood Lathe

The new Powermatic® 3520C Lathe represents the fourth generation of the popular 3520 lathe family with a combination of premium features that expand the boundaries of woodturning capabilities and performance. Read more here: Powermatic® 3520C Wood Lathe
Read More Here: Powermatic® 3520C Wood Lathe

Can I Use a Wide Dado Set Without an Arbor Washer?

When building cabinets, I frequently assemble my stacked dado blade to cut a “near” three-quarter-inch dado. At this point, I can no longer use the arbor washer that came with my saw and still have all threads in the arbor nut engage. Read more here: Can I Use a Wide Dado Set Without an Arbor Washer?
Read More Here: Can I Use a Wide Dado Set Without an Arbor Washer?

Diamondback Reaches the NFL

When Michael Williams and Connor Crook bought Diamondback Toolbelts this year, their goal was to take a decades-old venerable brand and make it even better. Read more here: Diamondback Reaches the NFL
Read More Here: Diamondback Reaches the NFL

International companies evince interest in proposed petrochemical park in Kochi

Several international and national companies including Mitubishi Corporation, BASF and Manali Petrochemicals have evinced interest in setting up units in the petrochemical park being set up jointly by Kerala government and BPCL Kochi. Read more here: International companies evince interest in proposed petrochemical park in Kochi
Read More Here: International companies evince interest in proposed petrochemical park in Kochi

Rockler Vacuum Clamp Pod Kit

Sometimes during routing, sanding or CNC applications, you need to work on the workpiece’s entire surface or edges, and repositioning clamps to gain access can be a hassle. Read more here: Rockler Vacuum Clamp Pod Kit
Read More Here: Rockler Vacuum Clamp Pod Kit

NMDC receives approval for transfer of Bailadila Deposit-13 in favour of JV with CMDC

The Bailadila Iron Ore Dep-13 lease in village Kirandul, Tehsil - Bacheli, in South Bastar district Dantewada in Chhattisgarh has been registered in favor of NCL Ltd. Read more here: NMDC receives approval for transfer of Bailadila Deposit-13 in favour of JV with CMDC
Read More Here: NMDC receives approval for transfer of Bailadila Deposit-13 in favour of JV with CMDC

Shopholix raises Rs 1.5 crore in a pre-series A round led by veteran investor Munesh Khanna

MUMBAI: Fashion & lifestyle couponing platform for brick & mortar stores Shopholix has raised Rs 1.5 crore in its pre-series A round of funding. Read more here: Shopholix raises Rs 1.5 crore in a pre-series A round led by veteran investor Munesh Khanna
Read More Here: Shopholix raises Rs 1.5 crore in a pre-series A round led by veteran investor Munesh Khanna

Top 10 Power Tool Christmas Gifts for Under $50

Yesterday we released the Top 10 Power Tool Christmas Gift for Under $25. Today we are upping the ante and adding a new range of another $25. Tomorrow we are getting crazier by increasing it by $50 and having gifts for under $100. Read more here: Top 10 Power Tool Christmas Gifts for Under $50
Read More Here: Top 10 Power Tool Christmas Gifts for Under $50

Nifty could slide all the way down to 9800 in next 2 weeks: Sanjiv Bhasin, India Infoline

In a chat with ET Now, Sanjiv Bhasin, EVP-Markets & Corp Affairs, India Infoline, says if we do trend below 10180, you could see market sliding up to 9,800 if there is some more uncertainty on Monday’s results. Read more here: Nifty could slide all the way down to 9800 in next 2 weeks: Sanjiv Bhasin, India Infoline
Read More Here: Nifty could slide all the way down to 9800 in next 2 weeks: Sanjiv Bhasin, India Infoline

Delhi-NCR largest market for Uber in 2017

MUMBAI: The Delhi-NCR region has taken the highest number of rides on the global taxi hailing company Uber at nearly five trips a day, with UberGo being the most popular product among riders, claims the American firm. Read more here: Delhi-NCR largest market for Uber in 2017
Read More Here: Delhi-NCR largest market for Uber in 2017

2 big investment themes in 2018: Sachin Shah, Emkay Investment Managers

Talking to ET Now, Sachin Shah , Fund Manager, Emkay Investment Managers , says auto and logistics spaces offer very big opportunities for investment in 2018. Today our markets seem to be in consolidation phase. Read more here: 2 big investment themes in 2018: Sachin Shah, Emkay Investment Managers
Read More Here: 2 big investment themes in 2018: Sachin Shah, Emkay Investment Managers

JK Cement plans to nearly double production capacity in 5 yrs

NEW DELHI: JK Cement is planning to add up to 8 million tonne per annum (MTPA) capacity in the next five years, taking the total installed capacity to around 18 MTPA for grey cements, said a top company official. The company is planning to expand to 3. Read more here: JK Cement plans to nearly double production capacity in 5 yrs
Read More Here: JK Cement plans to nearly double production capacity in 5 yrs

Queensland govt vetoes plan to support loan to Adani

MELBOURNE: In a setback to India’s energy giant Adani, the newly-elected Queensland government has vetoed a plan to give a 900-million dollar concessional loan for the construction of a rail line in the controversy-hit Carmichael coal mine project in Australia. Read more here: Queensland govt vetoes plan to support loan to Adani
Read More Here: Queensland govt vetoes plan to support loan to Adani

Adani says will 'adjust to constraints' after Australia coal loan veto

Indian conglomerate Adani Enterprises said on Tuesday it would “adjust” to any constraints placed on its A$16.5 billion ($12.4 billion) coal mine project in Australia after seeing a government loan vetoed by the Queensland state premier. Read more here: Adani says will ‘adjust to constraints’ after Australia coal loan veto
Read More Here: Adani says will 'adjust to constraints' after Australia coal loan veto

No new debt will be taken on the balance sheet, to focus on growth in domestic market: Amit Agarwal, Jet Airways

In an interview with ET Now, Amit Agarwal, Jet Airways , says by deleveraging, Jet reduced more than Rs 3,000 crore of debt in the last two and a half years. This shows a phenomenal development in the business. Read more here: No new debt will be taken on the balance sheet, to focus on growth in domestic market: Amit Agarwal, Jet Airways
Read More Here: No new debt will be taken on the balance sheet, to focus on growth in domestic market: Amit Agarwal, Jet Airways

British carmaker MG Motor finalises 5 Indian startups for its innovation program

MUMBAI: British carmaker MG Motor (Morris Garages) today announced that it has finalised 5 Indian startups under its innovation program, as it seeks to bring additional synergies to its automotive business. The startups are CarIQ, Steradian Semi, Altigreen Propulsion Labs, Exploride and Zuper. Read more here: British carmaker MG Motor finalises 5 Indian startups for its innovation program
Read More Here: British carmaker MG Motor finalises 5 Indian startups for its innovation program

TiE set to hold its annual conclave TiEcon on December 15-16 in Delhi-NCR

NEW DELHI: The Indus Entrepreneurs (TiE) is gearing to host its flagship mega conclave - TiEcon - in Delhi on December 15 and 16 at the Taj Palace. Themed ’Re-Imagining Success’, TiEcon will provide a platform for entrepreneurs to connect with potential mentors, investors and collaborators. Read more here: TiE set to hold its annual conclave TiEcon on December 15-16 in Delhi-NCR
Read More Here: TiE set to hold its annual conclave TiEcon on December 15-16 in Delhi-NCR

Sundaram Finance never had explosive growth but as always will grow at a steady pace, says MD

In an interview with ET Now, T.T. Srinivasaraghavan , MD, Sundaram Finance , says the NBFC run perhaps has been over-hyped a little bit. Traditional nonbank companies focussed on what they do did not see any extraordinary boom. Read more here: Sundaram Finance never had explosive growth but as always will grow at a steady pace, says MD
Read More Here: Sundaram Finance never had explosive growth but as always will grow at a steady pace, says MD

Monday, 11 December 2017

Feel bullish going into 2018, no chance of market topping out: Anant Shirgaonkar, Newport Capital LLP

But logistics stocks are not entirely cheap. Look at Bluedart. It has got a PE multiple of 40-50 times. Something like All Cargo has no earnings and the PE multiples are looking bloated, Gateway Distriparks, a pure play on the so-called global trade, again PE multiples are slightly out of whack. Read more here: Feel bullish going into 2018, no chance of market topping out: Anant Shirgaonkar, Newport Capital LLP
Read More Here: Feel bullish going into 2018, no chance of market topping out: Anant Shirgaonkar, Newport Capital LLP

Aamir invests in furniture renting startup, Furlenco

BENGALURU: Indian startups seem to be fast becoming the go-to destination for Bollywood celebrities to park their monies in. The latest name added to the list is actor Aamir Khan who has invested in furniture renting startup Furlenco, according to documents filed by the company with RoC. Read more here: Aamir invests in furniture renting startup, Furlenco
Read More Here: Aamir invests in furniture renting startup, Furlenco

5 tech startup trends to watch out for in 2018

As expected, the enthusiasm in the startup industry continued this year too, but with 2017 drawing to a close, now it is time to put 2018 in focus. Read more here: 5 tech startup trends to watch out for in 2018
Read More Here: 5 tech startup trends to watch out for in 2018

North Sea pipeline outage to cause spike in crude prices for a few weeks: Vandana Hari

Talking to ET Now, Vandana Hari, Vanda Insights , says she agrees with most experts that in the long range, crude prices likely to settle between $62 and $65 to a barrel. Crude price already spiralled near the 2015 highs after North Sea pipeline disruption. Read more here: North Sea pipeline outage to cause spike in crude prices for a few weeks: Vandana Hari
Read More Here: North Sea pipeline outage to cause spike in crude prices for a few weeks: Vandana Hari

Both an art and a science: 'Tis the season...for retail

As holiday shoppers venture out this festive season, we retailers will have a truly special Retail Day. In fact, since the advent of the internet, things have been pretty good. Read more here: Both an art and a science: ‘Tis the season…for retail
Read More Here: Both an art and a science: 'Tis the season...for retail

Catch me if you can: For ecommerce fraudsters it may be the end of the game

November 2017: Flipkart cheated off of Rs 17 lakh by a gang October 2017: Amazon conned to the tune of Rs 50 lakh in New Delhi May 2017: Amazon India cheated off of Rs 69.91 lakh in Bengaluru. Dec 2016: Flipkart duped of Rs 1.05 crore, 152 expensive mobile phones in Kota Read more here: Catch me if you can: For ecommerce fraudsters it may be the end of the game
Read More Here: Catch me if you can: For ecommerce fraudsters it may be the end of the game

Flipkart faces 30-minute technical glitch on website

BENGALURU: Flipkart seemed to face a technical glitch on Monday, with all products on its website and mobile app being listed as unavailable for about 30 minutes. Read more here: Flipkart faces 30-minute technical glitch on website
Read More Here: Flipkart faces 30-minute technical glitch on website

Flipkart faces 30-minute technical glitch on website

BENGALURU: Flipkart seemed to face a technical glitch on Monday, with all products on its website and mobile app being listed as unavailable for about 30 minutes. Read more here: Flipkart faces 30-minute technical glitch on website
Read More Here: Flipkart faces 30-minute technical glitch on website

PE/VC investments touch nearly $3 billion in November

Private equity and venture capital (PE/VC) investments touched $2.9 billion across 56 deals in November, driven by big ticket transactions and the momentum is likely to continue further…. Private equity and venture capital (PE/VC) investments touched $2. Read more here: PE/VC investments touch nearly $3 billion in November
Read More Here: PE/VC investments touch nearly $3 billion in November

Logistics company BlackBuck sees losses grow five times in FY17

BENGALURU: Logistics company BlackBuck has seen revenue grow seven-fold, while its losses also grew more than five times in the financial year 2016-17, in which the Tiger Global-backed company also said it reached operational break-even. Read more here: Logistics company BlackBuck sees losses grow five times in FY17
Read More Here: Logistics company BlackBuck sees losses grow five times in FY17

Lenskart sees FY17 sales climb 80% to Rs 179 crore

BENGALURU: Eyewear solutions company Lenskart clocked an 80% increase in total revenue during FY17 at Rs 179 crore as compared to almost Rs 100 crore last year, according to the company’s financials with the Ministry of Corporate Affairs (MCA), sourced through Tofler. Read more here: Lenskart sees FY17 sales climb 80% to Rs 179 crore
Read More Here: Lenskart sees FY17 sales climb 80% to Rs 179 crore

Expect roadblocks, but just chug along: Amit Jain, CarDekho

The tipping point for CarDekho came about a year after we launched in 2008 when we invested our surplus capital in the futures and options market. In 2009, the stock market crashed and the company went completely bankrupt. We lost all our money and didn’t even have money to pay employee salaries. Read more here: Expect roadblocks, but just chug along: Amit Jain, CarDekho
Read More Here: Expect roadblocks, but just chug along: Amit Jain, CarDekho

There is robust demand for quality Indian debt: Asit Bhatia, BofA-ML

The whole narrative around GST, demonetisation and bank recapitalisation has sent positive signals about India to investors globally, says Asit Bhatia , managing director, global corporate and investment banking at Bank of America Merrill Lynch . Read more here: There is robust demand for quality Indian debt: Asit Bhatia, BofA-ML
Read More Here: There is robust demand for quality Indian debt: Asit Bhatia, BofA-ML

Simility raises Rs 113-crore in Accel-led Series B round

BENGALURU: Simility, a provider of machine learning–powered adaptive fraud prevention solution, has secured $17.5 million (about Rs 112.6 crore) in Accel-led series-B funding to fuel its expansion plans. Read more here: Simility raises Rs 113-crore in Accel-led Series B round
Read More Here: Simility raises Rs 113-crore in Accel-led Series B round

Simility raises Rs 113-crore in Accel-led Series B round

BENGALURU: Simility, a provider of machine learning–powered adaptive fraud prevention solution, has secured $17.5 million (about Rs 112.6 crore) in Accel-led series-B funding to fuel its expansion plans. Read more here: Simility raises Rs 113-crore in Accel-led Series B round
Read More Here: Simility raises Rs 113-crore in Accel-led Series B round

Europe’s net neutrality’s holes offer peek at future in US

PARIS | LONDON: Last spring, Swedes got a tantalising offer: If they subscribed to Sweden’s biggest telecom provider, Telia, they could have unlimited access on their phones to Facebook, Spotify, Instagram and other blockbuster apps. Swedish regulators tried to put a stop to it. Read more here: Europe’s net neutrality’s holes offer peek at future in US
Read More Here: Europe’s net neutrality’s holes offer peek at future in US

Tech companies court policy-makers to avoid regulatory backlash

MUMBAI: The power corridors in Lutyens’ Delhi are seeing an increased presence of a new species — technology lobbyists armed with presentations and fact sheets as the government drafts landmark regulations around net neutrality, privacy, data ownership, cryptocurrency and digital payments. Read more here: Tech companies court policy-makers to avoid regulatory backlash
Read More Here: Tech companies court policy-makers to avoid regulatory backlash

15 Gifts Under $50 For DIY'ers

It’s finally that time of the year! The time when Christmas is only 2 weeks away, but I’m just starting my holiday shopping! That also means it’s time for my no-nonsense, last minute gift giving guide for the DIY’ers in your life! Just like in my last guide, all gifts featured here come in Read more here: 15 Gifts Under $50 For DIY'ers
Read More Here: 15 Gifts Under $50 For DIY'ers

Want affordable office space? Come to India

Indian office markets continue to be amongst the most affordable and attractive in the world for occupiers as occupancy costs per workstation are one of the lowest, reports ET. Hong Kong is the most expensive office space location globally in terms of workstation costs of $27,431 per annum. Read more here: Want affordable office space? Come to India
Read More Here: Want affordable office space? Come to India

How family-run businesses are evolving amid innovation and the startup invasion

Kin are the key to business in India and it’s no exaggeration. Figures show that two-thirds of listed companies (with market cap above $50 million) are family businesses. And a whopping 79% of the GDP is contributed by family-owned and -run enterprises. Read more here: How family-run businesses are evolving amid innovation and the startup invasion
Read More Here: How family-run businesses are evolving amid innovation and the startup invasion

How family-run businesses are evolving amid innovation and the startup invasion

Kin are the key to business in India and it’s no exaggeration. Figures show that two-thirds of listed companies (with market cap above $50 million) are family businesses. And a whopping 79% of the GDP is contributed by family-owned and -run enterprises. Read more here: How family-run businesses are evolving amid innovation and the startup invasion
Read More Here: How family-run businesses are evolving amid innovation and the startup invasion

How to Build Your Own Shelving

Having a functional storage space is imperative to the overall function of your home. Not only do you need the square footage to store your stuff, but you also need it all to be organized so, when you need something from storage, you can find it easily. Read more here: How to Build Your Own Shelving
Read More Here: How to Build Your Own Shelving

New trend at Startups: Open-for-all meetings

NEW DELHI | BENGALURU: As senior executives of payment gateway Razorpay put their heads together to ideate on a sales strategy, in walked a millennial uninvited — amobile programming executive. It isn’t uncommon these days to see people of all ages attend meetings in startups. Read more here: New trend at Startups: Open-for-all meetings
Read More Here: New trend at Startups: Open-for-all meetings

SMEs' claims may get higher priority in liquidation cases

NEW DELHI: The government is looking at a proposal to give higher priority to the claims of small operational creditors in cases of liquidation under the bankruptcy code, an official said. Read more here: SMEs’ claims may get higher priority in liquidation cases
Read More Here: SMEs' claims may get higher priority in liquidation cases

Uber's London licence appeal to be heard next year

LONDON: Uber will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market. Read more here: Uber’s London licence appeal to be heard next year
Read More Here: Uber's London licence appeal to be heard next year

India again becoming attractive to FIIs as valuations remain cheap: Mahantesh Sabarad, SBI Cap

Talking to ET Now, Mahantesh Sabarad, Head-Retail Research, SBI Cap Securities , says after the last few odd months where FIIs heavily sold the Indian market, he is not surprised that they would be back jumping on to the emerging markets bandwagon with equities becoming more attractive. Read more here: India again becoming attractive to FIIs as valuations remain cheap: Mahantesh Sabarad, SBI Cap
Read More Here: India again becoming attractive to FIIs as valuations remain cheap: Mahantesh Sabarad, SBI Cap

Start-up firm Chai Break to raise $1 million from venture capitalists

KOLKATA: Chai Break, a all day casual diners’ chain, is raising $1 million (about Rs 5 crore) from venture capitalists to fund its expansion plans. The chain, valued at Rs 50 crore, is looking to dilute 10% of promoters share for raising the fund, Anirudh Poddar, one of the two directors, told ET. Read more here: Start-up firm Chai Break to raise $1 million from venture capitalists
Read More Here: Start-up firm Chai Break to raise $1 million from venture capitalists

Top 10 Power Tool Christmas Gifts for Under $25

Christmas is two weeks away so we figured we should release our yearly Christmas Gift Guides. For each list, we are going to break it down into the top 10 items and each will have a different theme each day. All the lists are power tool related, with the last day having no price tag limits. Read more here: Top 10 Power Tool Christmas Gifts for Under $25
Read More Here: Top 10 Power Tool Christmas Gifts for Under $25

Bullish on these 2 stocks in auto sector: Yogesh Mehta, Motilal Oswal Securities

Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities , says Mahindra & Mahindra in tractors and Bajaj Auto in two-wheelers is the preferred bet. It seems like pharma is seeing some renewed action. Read more here: Bullish on these 2 stocks in auto sector: Yogesh Mehta, Motilal Oswal Securities
Read More Here: Bullish on these 2 stocks in auto sector: Yogesh Mehta, Motilal Oswal Securities

Vivek Mahajan of Aditya Birla Money on 2 sectors to exit in 2018

Talking to ET Now, Vivek Mahajan, Aditya Birla Money says it is time to exit PSU banks and engine companies like Bosche, Force Motors as EVs are going to come in sooner than later. You are talking about 20 to 23% earnings growth over next two to three years. Read more here: Vivek Mahajan of Aditya Birla Money on 2 sectors to exit in 2018
Read More Here: Vivek Mahajan of Aditya Birla Money on 2 sectors to exit in 2018
Read more here:
Read More Here:

IFC, its AMC arm to invest $45 mn in Lighthouse's 3rd PE fund

NEW DELHI: International Finance Corporation (IFC), a part of the World Bank Group, and its asset management arm plan to invest USD 45 million in Lighthouse, a private equity firm focused on growth investments in India’s consumer sector. Read more here: IFC, its AMC arm to invest $45 mn in Lighthouse’s 3rd PE fund
Read More Here: IFC, its AMC arm to invest $45 mn in Lighthouse's 3rd PE fund

The opportunity in biosimilars is here, one has to grab it: Debayan Ghosh, Epygen Biotech

In an interview with ET Now, Debayan Ghosh , Founder & President, Epygen Biotech , says in five years, biosimilars is going to throw up $60 billion in India alone. The world took notice of biosimilars when Biocon got that approval. Read more here: The opportunity in biosimilars is here, one has to grab it: Debayan Ghosh, Epygen Biotech
Read More Here: The opportunity in biosimilars is here, one has to grab it: Debayan Ghosh, Epygen Biotech

Cash Suvidha partners with HomeCapital to bring credit to first-time home buyers

MUMBAI: Fintech startup Cash Suvidha company has partnered with HomeCapital to extend credit to first time home buyers. Cash Suvidha which provides loans to SMEs, MSMEs and startups will offer unsecured credit at zero percent interest to first-time homebuyers through this partnership. Read more here: Cash Suvidha partners with HomeCapital to bring credit to first-time home buyers
Read More Here: Cash Suvidha partners with HomeCapital to bring credit to first-time home buyers

Talaipalli coal block may start commercial production from 2019-20: NCC

HYDERABAD: Infra major NCC Ltd expects to start development and operation of Talaipalli coal block from 2019-20 onwards and contribute about Rs 190 crore to topline during the first year of its commercial operation. Read more here: Talaipalli coal block may start commercial production from 2019-20: NCC
Read More Here: Talaipalli coal block may start commercial production from 2019-20: NCC

For McDonalds, getting an option to pay a higher GST with input tax credit would help: Amit Jatia, Westlife Development

Talking to ET Now, Amit Jatia, Westlife Development , says has no plans to take over the north and east franchise for McDonald’s as they have their hands full with 500 million customers in West and South India. Read more here: For McDonalds, getting an option to pay a higher GST with input tax credit would help: Amit Jatia, Westlife Development
Read More Here: For McDonalds, getting an option to pay a higher GST with input tax credit would help: Amit Jatia, Westlife Development

SoftBank's Saudi connections could mean cash after crackdown

Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world’s biggest investor in technologies. The reason has to do with the main patron of Son’s $100 billion investment plan, Saudi Arabia’s Crown Prince Mohammed bin Salman. Read more here: SoftBank’s Saudi connections could mean cash after crackdown
Read More Here: SoftBank's Saudi connections could mean cash after crackdown

Sunday, 10 December 2017

Sustaining 30% growth for next 2-3 years is possible: Gagan Banga, Indiabulls Housing Finance

In an interview with ET Now, Gagan Banga, Indiabulls Housing Finance , says targeting a balance sheet north of Rs 2 two crore by 2020 and then give a fresh guidance. The numbers in terms of market cap, growth and dividend are extraordinary for Indiabulls Housing Finance. Read more here: Sustaining 30% growth for next 2-3 years is possible: Gagan Banga, Indiabulls Housing Finance
Read More Here: Sustaining 30% growth for next 2-3 years is possible: Gagan Banga, Indiabulls Housing Finance

GST, infrastructure status lift spirit of logistics companies

India’s logistics and supply chain sector is undergoing a wave of change as two big moves by the government—implementing GST and giving infrastructure status to the sector—has led companies to ascribe unprecedented importance to this aspect of business, making investments in it and hiring the be Read more here: GST, infrastructure status lift spirit of logistics companies
Read More Here: GST, infrastructure status lift spirit of logistics companies

Traders want import duty at 60% to counter cheap sugar from Pakistan

NEW DELHI: Traders have requested the food ministry to increase the sugar import duty from 50 per cent to 60 per cent as the drop in local prices coupled with the influx of cheap sugar from neighbouring Pakistan is spoiling the party for farmers here. Read more here: Traders want import duty at 60% to counter cheap sugar from Pakistan
Read More Here: Traders want import duty at 60% to counter cheap sugar from Pakistan

Startup Trukky uses tech to offer real time goods transport rates to SMEs

While entrepreneurs often face rough weather, getting roughed up is not really part of their learning curve. Subhasish Das and Saswat Sahu, however, are an exception. When Das and Sahu were looking to bring transporters on their platform, Trukky, some brokers took it as poaching of their business. Read more here: Startup Trukky uses tech to offer real time goods transport rates to SMEs
Read More Here: Startup Trukky uses tech to offer real time goods transport rates to SMEs

We are looking at multi-year, multi-decade growth ahead: Siddharth Bothra, Motilal Oswal Asset Management

Talking to ET Now, Siddharth Bothra , Senior VP-Fund Manager, MOSt Focused F25, Motilal Oswal Asset Management, says the entire portfolio is a bottom-up, built up fund and as and when they find something interesting, pharma will get represented in the funds. Read more here: We are looking at multi-year, multi-decade growth ahead: Siddharth Bothra, Motilal Oswal Asset Management
Read More Here: We are looking at multi-year, multi-decade growth ahead: Siddharth Bothra, Motilal Oswal Asset Management

Internshala launches initiative to help women restart their careers

BENGALURU: Internship and online training platform Internshala has launched the ‘Internships for Women’ campaign to help women restart their career. Read more here: Internshala launches initiative to help women restart their careers
Read More Here: Internshala launches initiative to help women restart their careers

A Tesla-SpaceX merger would be the deal of the decade

Last year, Tesla merged with struggling SolarCity, making Elon Musk CEO of both companies. The tie-up hasn’t hurt Tesla in 2017 as the company’s stock has surged above $300 per share and the combined enterprise hit a market capitalization of over $50 billion. Read more here: A Tesla-SpaceX merger would be the deal of the decade
Read More Here: A Tesla-SpaceX merger would be the deal of the decade

Bullish on 5 sectors but beware of pockets of froth in small-caps: Sunil Singhania, Reliance Capital

In an interview with ET Now, Sunil Singhania , Global Head - Equities, Reliance Capital , says bullish on corporate banks, infra, cement, steel and in consumer discretionary stocks in 2018 You believe that we should not rule out the possibility of strong double digit returns for 2018. Read more here: Bullish on 5 sectors but beware of pockets of froth in small-caps: Sunil Singhania, Reliance Capital
Read More Here: Bullish on 5 sectors but beware of pockets of froth in small-caps: Sunil Singhania, Reliance Capital

Uber agrees to settle civil lawsuit with Indian woman

Uber has agreed to settle a civil lawsuit with an Indian woman who accused the ride-hailing company and its top executives of “unlawfully” obtaining her medical records and engaging in offensive conspiracy theories after a company driver raped her, according to a media report. Read more here: Uber agrees to settle civil lawsuit with Indian woman
Read More Here: Uber agrees to settle civil lawsuit with Indian woman

2018 to bring about earning growth, 2 sectors to lead market: Nischal Maheshwari, Edelweiss Securities

Talking to ET Now, Nischal Maheshwari, Edelweiss Securities , says government capex driven companies like L&T and banks will drive the market. It appears we have a crazy consensus on emerging markets for 2018 from UBS. Read more here: 2018 to bring about earning growth, 2 sectors to lead market: Nischal Maheshwari, Edelweiss Securities
Read More Here: 2018 to bring about earning growth, 2 sectors to lead market: Nischal Maheshwari, Edelweiss Securities

Wireless technology without batteries? This startup is powering IoT devices - using air!

Life may throw you a curveball every now and then, but one of the most humbling experiences can still be successfully finding keys that go absconding at exactly the wrong time. Read more here: Wireless technology without batteries? This startup is powering IoT devices - using air!
Read More Here: Wireless technology without batteries? This startup is powering IoT devices - using air!

What happens when the government uses Facebook as a weapon?

Maria Ressa, cofounder of the Philippines’ largest online news site, Rappler had invited five candidates for the 2016 Philippine presidential election to a forum called #TheLeaderIWant. Only Rodrigo Duterte showed up. Read more here: What happens when the government uses Facebook as a weapon?
Read More Here: What happens when the government uses Facebook as a weapon?

What happens when the government uses Facebook as a weapon?

Maria Ressa, cofounder of the Philippines’ largest online news site, Rappler had invited five candidates for the 2016 Philippine presidential election to a forum called #TheLeaderIWant. Only Rodrigo Duterte showed up. Read more here: What happens when the government uses Facebook as a weapon?
Read More Here: What happens when the government uses Facebook as a weapon?

Paytm's offline sale festival to launch second edition

BENGALURU In a bid to further combine its online platform and offline network, Paytm is launching the second edition of its annual ‘12/12’ festival on Tuesday — would see its 5 million offline merchants offering deals and cashback of up to 50% to shoppers who pay using Paytm. Read more here: Paytm’s offline sale festival to launch second edition
Read More Here: Paytm's offline sale festival to launch second edition

Google targets small merchants, stores to push payment arm Tez

BENGALURU: Internet major Google’s payment arm Tez, having generated very strong volume growth in peer-to-peer payments, plans to diversify into merchant payments strongly. Read more here: Google targets small merchants, stores to push payment arm Tez
Read More Here: Google targets small merchants, stores to push payment arm Tez

Vahdam Teas raises Rs 11 crore from Fireside Ventures, others

MUMBAI: Premium online tea brand Vahdam Teas has raised Rs 9 crore ($1.4 million) in its second round of institutional funding led by consumer focussed fund Fireside Ventures. The round also saw participation from existing investors - Singapore Angel Network, Mumbai Angels and some HNI investors. Read more here: Vahdam Teas raises Rs 11 crore from Fireside Ventures, others
Read More Here: Vahdam Teas raises Rs 11 crore from Fireside Ventures, others

Why startup exits could signal the beginning of the next big thing

Return on an investment is a thing to be celebrated. Far too much has been written about money raised and paper valuations that may or may not get returns on investments. Read more here: Why startup exits could signal the beginning of the next big thing
Read More Here: Why startup exits could signal the beginning of the next big thing

Uber heads to court in fight for London survival

LONDON: Uber will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its licence in its most important European market. Read more here: Uber heads to court in fight for London survival
Read More Here: Uber heads to court in fight for London survival

Payment companies Paytm, MobiKwik look to commuters to drive growth

BENGALURU: Peer-to-peer transactions and merchant payments have been at the vanguard of India’s digital journey. But another cash-heavy sector involving payments for commuter services, such as rides in buses and metros and tickets at toll plazas, is slowly moving away from currency notes. Read more here: Payment companies Paytm, MobiKwik look to commuters to drive growth
Read More Here: Payment companies Paytm, MobiKwik look to commuters to drive growth

Chase value, not price, in an expensive market like this: Raamdeo Agrawal

Valuations of Indian stocks are overstretched, but investors can still make money by buying growth and quality stocks, said Raamdeo Agrawal , joint managing director, Motilal Oswal Financial Services . Read more here: Chase value, not price, in an expensive market like this: Raamdeo Agrawal
Read More Here: Chase value, not price, in an expensive market like this: Raamdeo Agrawal

Amazon claims 1.5 times faster growth than Flipkart in GST era

BENGALURU: Flipkart and Amazon India both said their ecommerce businesses grew sharply in the three months ended September, registering a significant recovery from the months before the government introduced the goods and services tax. Read more here: Amazon claims 1.5 times faster growth than Flipkart in GST era
Read More Here: Amazon claims 1.5 times faster growth than Flipkart in GST era

Indian startup ecosystem ahead of China: Michael Marks, investor in Twitter, SpaceX

Michael Marks, whose investments include Twitter and SpaceX, said that India is ahead of countries like China and Israel in having a robust and deep startup ecosystem. Read more here: Indian startup ecosystem ahead of China: Michael Marks, investor in Twitter, SpaceX
Read More Here: Indian startup ecosystem ahead of China: Michael Marks, investor in Twitter, SpaceX

Trade unions to make case for CIL contract workers' wage hike

After an average wage revision of 20 per cent for around 2.98 lakh permanent employees of Coal India Ltd, trade unions are now readying to pitch for a similar wage agreement for contractual workers of the miner. Read more here: Trade unions to make case for CIL contract workers’ wage hike
Read More Here: Trade unions to make case for CIL contract workers' wage hike

Saturday, 9 December 2017

Coal India to leverage mining expertise for diversification

NEW DELHI: Making a case for Coal India’s foray into metal and mineral mining, the government has said the state-owned firm being the biggest miner in the world would like to leverage the expertise for diversification. Read more here: Coal India to leverage mining expertise for diversification
Read More Here: Coal India to leverage mining expertise for diversification

Mines auction: Government mulls setting up SPVs for speedy clearances

The mines ministry is looking at setting up special purpose vehicles (SPVs) that will acquire necessary project clearances, including environmental, for the mineral blocks before bidding, a move that may add pace to the auction process, an official has said. Read more here: Mines auction: Government mulls setting up SPVs for speedy clearances
Read More Here: Mines auction: Government mulls setting up SPVs for speedy clearances

Coal imports rise 40% on restocking demand in November

Coal imports surged by 40 per cent to 19.18 million tonnes (MT) in November, mainly due to pick up in demand for winter restocking and low coal stock position in power plants. The higher volume of imports is mainly due to 4. Read more here: Coal imports rise 40% on restocking demand in November
Read More Here: Coal imports rise 40% on restocking demand in November

‘Indian product startups focus on consumers, but in US, it’s hardware that’s key’

Sateesh Kumar Srinivasan joined Amazon’s Seattle headquarters in 2009 in a product managerial role but in 5 years, he got the opportunity to work for Amazon’s different verticals including the the premium membership account Amazon Prime, and check-out free grocery store Amazon Go. Read more here: ‘Indian product startups focus on consumers, but in US, it’s hardware that’s key’
Read More Here: ‘Indian product startups focus on consumers, but in US, it’s hardware that’s key’

Coal imports rise 40% on restocking demand in November

Coal imports surged by 40 per cent to 19.18 million tonnes (MT) in November, mainly due to pick up in demand for winter restocking and low coal stock position in power plants. The higher volume of imports is mainly due to 4. Read more here: Coal imports rise 40% on restocking demand in November
Read More Here: Coal imports rise 40% on restocking demand in November

Why startups think they're too small to be hacked

CHENNAI/BENGALURU: By the end of 2012, Sanjiv Singhal and his two co-founders had everything in place to launch their mutual funds startup Scripbox, but decided to hold off for a month until they were sure they were safe from every kind of cyber attack. Read more here: Why startups think they’re too small to be hacked
Read More Here: Why startups think they're too small to be hacked

How the carts of fruit chaatwallahs drive many an entrepreneurial idea

I got a last-minute call from the Startup India team to showcase our startup innovation with green jackfruit at the India International Trade Fair at Pragati Maidan in Delhi. Read more here: How the carts of fruit chaatwallahs drive many an entrepreneurial idea
Read More Here: How the carts of fruit chaatwallahs drive many an entrepreneurial idea

GE Appliances’ arm to set up incubator FirtsBuild at T-Works

US based GE Appliances on Saturday signed an agreement with the Telangana government to set up its incubator FirstBuild India at the larger hardware incubator planned by the government called the T-Works. Read more here: GE Appliances’ arm to set up incubator FirtsBuild at T-Works
Read More Here: GE Appliances’ arm to set up incubator FirtsBuild at T-Works

Friday, 8 December 2017

How to grow your company even if investors don't love you

Big meeting rooms with shiny tables make me uncomfortable and that room inside the offices of that big-name VC firm did just that. Even as I waited, I lusted after the logos of many known startups, which were displayed on plaques outside the room. Read more here: How to grow your company even if investors don’t love you
Read More Here: How to grow your company even if investors don't love you

Kunal Saraogi's 2 top trading ideas for Monday morning

Talking to ET Now, Kunal Saraogi, CEO, Equity Rush , says Tata Motors DVR and SAIL are the two stocks he is ready to bet on for Monday trading. Read more here: Kunal Saraogi’s 2 top trading ideas for Monday morning
Read More Here: Kunal Saraogi's 2 top trading ideas for Monday morning

ArcelorMittal, SAIL Steel JV to Come Up in Andhra

HYDERABAD: The much-awaited joint venture between ArcelorMittal and Steel Authority of India (SAIL) to make high-end steel for the automobile industry, with about ?15,000 crore of investment, will come up in Andhra Pradesh, said Union steel minister Chaudhary Birender Singh. Read more here: ArcelorMittal, SAIL Steel JV to Come Up in Andhra
Read More Here: ArcelorMittal, SAIL Steel JV to Come Up in Andhra

Sudip Bandyopadhyay's top trading picks in pharma & aviation

In a chat with ET Now, Sudip Bandyopadhyay, Inditrade Capital , says bullish on Strides Shasun in pharma and SpiceJet among pharma stocks. The big thing on everyone’s mind next week is going to be the Gujarat elections. Read more here: Sudip Bandyopadhyay’s top trading picks in pharma & aviation
Read More Here: Sudip Bandyopadhyay's top trading picks in pharma & aviation

Jaypee home buyers seek clarity on resolution plan from IRP

Jaypee Infratech homebuyers have requested the interim resolution professional (IRP) to give them access to relevant portions of the resolution plan dealing with their interests or upload those parts of the broader revival proposal on a website. Read more here: Jaypee home buyers seek clarity on resolution plan from IRP
Read More Here: Jaypee home buyers seek clarity on resolution plan from IRP

Oyo changes business model from aggregation to franchise

HYDERABAD: Soft Bank-backed hospitality startup Oyo on Friday said it has changed its business model from aggregation to franchise, or operating hotels under the Oyo brand. The hotels that were part of the aggregation model have converted into franchises. Read more here: Oyo changes business model from aggregation to franchise
Read More Here: Oyo changes business model from aggregation to franchise

PROJECT: Waney-edged Box

One man’s trash is another man’s treasure — or so the old saying goes. In the case of the small piece of wood that was used on the top of this little box, that saying was spot-on. Read more here: PROJECT: Waney-edged Box
Read More Here: PROJECT: Waney-edged Box

Ola appoints Nitin Gupta as CEO of Ola Money

NEW DELHI: Cab hailing app Ola has appointed PayU India co-founder Nitin Gupta as the chief executive officer of its wallet service, Ola Money. When contacted, an Ola spokesperson confirmed that Gupta is joining Ola Money. Read more here: Ola appoints Nitin Gupta as CEO of Ola Money
Read More Here: Ola appoints Nitin Gupta as CEO of Ola Money

India's steel capacity is targeted to reach 150 million tonne by 2020: Steel secretary

She also said the steel industry is aiming to achieve the status of a ‘zero waste’ industry by minimizing pollution across the gamut of activities ranging from mining of minerals to the final steelmaking process. Read more here: India’s steel capacity is targeted to reach 150 million tonne by 2020: Steel secretary
Read More Here: India's steel capacity is targeted to reach 150 million tonne by 2020: Steel secretary

Mid-Atlantic Region Prepares for Nearly $50 Billion in 2018 Project Starts

SUGAR LAND–December 6, 2017–Researched by Industrial Info Resources (Sugar Land, Texas)–The Mid-Atlantic market region, which includes Maryland, North Carolina, South Carolina, Virginia and West Virginia, is preparing for $49.8 billion in industrial project starts in 2018. Read more here: Mid-Atlantic Region Prepares for Nearly $50 Billion in 2018 Project Starts
Read More Here: Mid-Atlantic Region Prepares for Nearly $50 Billion in 2018 Project Starts

OYO opens tech development centre in Hyderabad

HYDERABAD: OYO today opened its new tech development centre here, which would grow to 300 engineers by next year-end, the company said. This facility is focused on developing innovative products for customers, partners and employees, the hospitality company said. Read more here: OYO opens tech development centre in Hyderabad
Read More Here: OYO opens tech development centre in Hyderabad

JSW Steel crude steel production up 11% at 13.6 lakh ton in November

Sajjan Jindal-led JSW Steel today said that it has achieved 11 per cent growth in crude steel production at 13.62 lakh tonne in November this year. Its crude steel production stood at 12.27 lakh tonnes in the year-ago period, JSW Steel said in a BSE filing. Read more here: JSW Steel crude steel production up 11% at 13.6 lakh ton in November
Read More Here: JSW Steel crude steel production up 11% at 13.6 lakh ton in November

Merry Christmas Early – 20% Off all TIA Gear

While Christmas might not be here yet, it’s right around the corner. However, don’t let the fact that you have to wait to open gifts from Santa deter you from enjoying Christmas early. You can now show off your true colors with Tools in Action TIA Gear. Read more here: Merry Christmas Early – 20% Off all TIA Gear
Read More Here: Merry Christmas Early – 20% Off all TIA Gear

From RBI, I see a long pause with a slight bias towards tightening beyond 2018: Radhika Rao, DBS

Talking to ET Now, Radhika Rao , India Economist, DBS , says we are looking at growth going back gradually to 6.5% and to about 7% in fiscal 2019. Read more here: From RBI, I see a long pause with a slight bias towards tightening beyond 2018: Radhika Rao, DBS
Read More Here: From RBI, I see a long pause with a slight bias towards tightening beyond 2018: Radhika Rao, DBS

Expect to raise share of exports to 10% of revenues in next 2-3 years: MV Gowtama, BEL

In an interview with ET Now, MV Gowtama , CMD, BEL , says expects non- defence revenue to touch about 20% of revenues this year and defence to be around 80%. Read more here: Expect to raise share of exports to 10% of revenues in next 2-3 years: MV Gowtama, BEL
Read More Here: Expect to raise share of exports to 10% of revenues in next 2-3 years: MV Gowtama, BEL

Ola ropes in PayU India's Nitin Gupta to lead financial services business

BENGALURU: Cab hailing major Ola has roped in PayU India co-founder Nitin Gupta as CEO of Ola Money, as it looks to build out a financial services business after raising over $1 billion over the last one year. Read more here: Ola ropes in PayU India’s Nitin Gupta to lead financial services business
Read More Here: Ola ropes in PayU India's Nitin Gupta to lead financial services business

Flexiloans raises Rs 45 crore in debt financing from multiple financial institutions

BENGALURU: Digital lending startup FlexiLoans.com has raised institutional debt fund of Rs 45 crore from multiple financial institutions, said the company in a statement to the media. The lending startup plans to use the funds to expand its loans and supply chain financing segment. Read more here: Flexiloans raises Rs 45 crore in debt financing from multiple financial institutions
Read More Here: Flexiloans raises Rs 45 crore in debt financing from multiple financial institutions

Sudhir Singh taking over as CEO to help in transforming NIIT Tech, says Arvind Thakur

In an interview with ET Now, Arvind Thakur , CEO & Joint MD, NIIT Technologies , says expects to end Q4 with 18% EBITDA margins in Q4. Read more here: Sudhir Singh taking over as CEO to help in transforming NIIT Tech, says Arvind Thakur
Read More Here: Sudhir Singh taking over as CEO to help in transforming NIIT Tech, says Arvind Thakur

Manufacturing is the big theme and within it, 4 sectors to lead in long-term: Ashwani Kumar, Reliance Mutual Fund

Defence, smart cities, metals and mining are going to top areas within manufacturing theme that are going to do very well in next 3-7 years, says Ashwani Kumar , Senior Fund Manager - Equity Investments, Reliance Mutual Fund Edited excerpts: What is your overall outlook on the markets and how do y Read more here: Manufacturing is the big theme and within it, 4 sectors to lead in long-term: Ashwani Kumar, Reliance Mutual Fund
Read More Here: Manufacturing is the big theme and within it, 4 sectors to lead in long-term: Ashwani Kumar, Reliance Mutual Fund

Thursday, 7 December 2017

Mark Mobius still thinks 10% growth is on cards and he is bullish on PSU banks

Let us talk about India’s growth potential. We have seen the numbers hit a bottom at 5.7%. The last print had come in at 6.3%. What kind of sustainable growth trend do you expect from India? Read more here: Mark Mobius still thinks 10% growth is on cards and he is bullish on PSU banks
Read More Here: Mark Mobius still thinks 10% growth is on cards and he is bullish on PSU banks

Iron Man tech: Play video games, present a slideshow, or work on Word with hand gestures

Anyone who has watched Iron Man will recollect Robert Downey Jr. using hand gestures to create and control designs in the films. If you wished the same technology could work for you, a less technologically advanced version can soon become available. Read more here: Iron Man tech: Play video games, present a slideshow, or work on Word with hand gestures
Read More Here: Iron Man tech: Play video games, present a slideshow, or work on Word with hand gestures

Allahabad Bank eyes MUDRA, SME category for business growth

HYDERABAD: Allahabad Bank is looking to grow its business by focussing on SME, MUDRA and other loan categories along with emphasising on recovery of dues, announced the bank’s top executive. Read more here: Allahabad Bank eyes MUDRA, SME category for business growth
Read More Here: Allahabad Bank eyes MUDRA, SME category for business growth

Your expression is cue for movie makers to create a blockbuster

BENGALURU: Riddle me this: If movie makers had scene-by-scene feedback from the audience while shooting a film, wouldn’t every film have a shot at being a blockbuster. Read more here: Your expression is cue for movie makers to create a blockbuster
Read More Here: Your expression is cue for movie makers to create a blockbuster

Offline growth helps lift Pepperfry’s topline, losses come down 17%.

MUMBAI: Furniture and home furnishing marketplace Pepperfry has wrapped up FY17 in style with topline growing steadily even as losses have taken a step backwards. The Goldman Sachs and Norwest Venture Partners-backed company has clocked Rs 127. Read more here: Offline growth helps lift Pepperfry’s topline, losses come down 17%.
Read More Here: Offline growth helps lift Pepperfry’s topline, losses come down 17%.

RBI should ensure fair MDR share: ePayment companies

BENGALURU: While the Reserve Bank of India’s latest guidelines on merchant discount rates (MDR) have brought some respite to the digital payments industry, many payment executives ET spoke to feel that the central bank needs to ensure equitable distribution of MDR between the various participants Read more here: RBI should ensure fair MDR share: ePayment companies
Read More Here: RBI should ensure fair MDR share: ePayment companies

Offline growth helps lift Pepperfry’s topline, losses come down 17%.

MUMBAI: Furniture and home furnishing marketplace Pepperfry has wrapped up FY17 in style with topline growing steadily even as losses have taken a step backwards. The Goldman Sachs and Norwest Venture Partners-backed company has clocked Rs 127. Read more here: Offline growth helps lift Pepperfry’s topline, losses come down 17%.
Read More Here: Offline growth helps lift Pepperfry’s topline, losses come down 17%.

Revised debit card fee to pinch small traders, kirana stores

NEW DELHI: Retailers across the board criticised the Reserve Bank of India’s decision to link debit card charges to revenue — a move aimed at encouraging small shops to accept plastic — saying it will increase their cost of doing business and likely undermine the government’s push toward a d Read more here: Revised debit card fee to pinch small traders, kirana stores
Read More Here: Revised debit card fee to pinch small traders, kirana stores

Government may help organic farmers tie up with etailers

NEW DELHI: The agriculture ministry is discussing a proposal to help organic farmers’ organisations tie up with e-commerce companies with state government help, according to a senior official. Read more here: Government may help organic farmers tie up with etailers
Read More Here: Government may help organic farmers tie up with etailers

8 Great Christmas Gifts for the DIY Enthusiast

Santa’s not the only one tinkering in his workshop this season! Your friend or family may not necessarily be a toymaker like the man in the red suit, but they love to DIY. And because of this, you want to pick out a Christmas gift that inspires even more hands-on projects this holiday and beyond. Read more here: 8 Great Christmas Gifts for the DIY Enthusiast
Read More Here: 8 Great Christmas Gifts for the DIY Enthusiast

It’s an exciting time to look at impact investing in India, says Maya Chorengel

US-based private equity firm TPG Growth’s social impact vehicle, The Rise Fund, recently raised $2 billion for global investments and is exploring big-ticket deals in areas such as education, energy, food and agriculture, including in India. Edited excerpts from an interview: Read more here: It’s an exciting time to look at impact investing in India, says Maya Chorengel
Read More Here: It’s an exciting time to look at impact investing in India, says Maya Chorengel

Despite 50 exits in the last 7 years, how India’s impact investors are scaling up the fund pool

Vishal Mehta, a social investing veteran who runs impact fund Lok Capital, spells out his exit strategy. “What has worked for us is that we have been very disciplined about exits. For the stage of investments, we are into, we cannot really rely on IPOs. Read more here: Despite 50 exits in the last 7 years, how India’s impact investors are scaling up the fund pool
Read More Here: Despite 50 exits in the last 7 years, how India’s impact investors are scaling up the fund pool

It’s an exciting time to look at impact investing in India, says Maya Chorengel

US-based private equity firm TPG Growth’s social impact vehicle, The Rise Fund, recently raised $2 billion for global investments and is exploring big-ticket deals in areas such as education, energy, food and agriculture, including in India. Edited excerpts from an interview: Read more here: It’s an exciting time to look at impact investing in India, says Maya Chorengel
Read More Here: It’s an exciting time to look at impact investing in India, says Maya Chorengel

Dairy supply chain startup MilkLane ensures high quality milk for consumers

MUMBAI: In yet another instance of startups solving India-focussed problems garnering investors’ attention, dairy supply chain startup MilkLane has raised Rs 27 crore in its first institutional round of fundraise. Read more here: Dairy supply chain startup MilkLane ensures high quality milk for consumers
Read More Here: Dairy supply chain startup MilkLane ensures high quality milk for consumers

ArcelorMittal's $1 bln India joint venture to get green light next week: Sources

State-owned Steel Authority of India Ltd () is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters. Read more here: ArcelorMittal’s $1 bln India joint venture to get green light next week: Sources
Read More Here: ArcelorMittal's $1 bln India joint venture to get green light next week: Sources

Uber paid 20-year-old Florida man to keep data breach secret: Sources

SAN FRANCISCO/WASHINGTON: A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called “bug bounty” program normally used to identify small code vulnerabilities, three people familiar with the even Read more here: Uber paid 20-year-old Florida man to keep data breach secret: Sources
Read More Here: Uber paid 20-year-old Florida man to keep data breach secret: Sources

Ridgid Sawhorse Review

There is a lot of equipment that is overlooked on a job site. We tend to really only worry about our power tools, batteries, and the tools that get the job done. Read more here: Ridgid Sawhorse Review
Read More Here: Ridgid Sawhorse Review

GoDaddy improves online security for SMEs in India

NEW DELHI: Cloud platform GoDaddy on Thursday launched “Website Security” platform and added McAfee protections for small, independent businesses in India. Powered by security platform Sucuri, “Website Security” offers malware removal and website protection. Read more here: GoDaddy improves online security for SMEs in India
Read More Here: GoDaddy improves online security for SMEs in India

Blacksoil Capital invested Rs 15 crore in eShakti.com

AHMEDABAD: Blacksoil’s NBFC arm, Blacksoil Capital, has invested Rs15 crores in the US-focused online fashion retailer eShakti.com which is backed by IDG & Ivy Cap Ventures. The loan will be used by eShakti to grow the business by introducing new products for the Spring season ahead. Read more here: Blacksoil Capital invested Rs 15 crore in eShakti.com
Read More Here: Blacksoil Capital invested Rs 15 crore in eShakti.com

Blacksoil Capital invested Rs 15 crore in eShakti.com

AHMEDABAD: Blacksoil’s NBFC arm, Blacksoil Capital, has invested Rs15 crores in the US-focused online fashion retailer eShakti.com which is backed by IDG & Ivy Cap Ventures. The loan will be used by eShakti to grow the business by introducing new products for the Spring season ahead. Read more here: Blacksoil Capital invested Rs 15 crore in eShakti.com
Read More Here: Blacksoil Capital invested Rs 15 crore in eShakti.com

We are keeping out of consumer staples & OMCs: Nilesh Shetty, Quantum AMC

Talking to ET Now, Nilesh Shetty , Associate Fund Manager (Equity), Quantum Asset Management Company Pvt Ltd , says the fund has not made an allocation to consumer staples for almost five years now. Read more here: We are keeping out of consumer staples & OMCs: Nilesh Shetty, Quantum AMC
Read More Here: We are keeping out of consumer staples & OMCs: Nilesh Shetty, Quantum AMC

16 million mined, 5 million remaining. Approaching Bitcoin threshold fuel crypto frenzy

As Bitcoin surpassed $15,000 for the first time ever on Thursday, more and more people are becoming aware of the cryptocurrency, which in turn is further fueling its price. “For many years cryptocurrencies like Bitcoins was the domain of cyberpunks or deep technologist. Read more here: 16 million mined, 5 million remaining. Approaching Bitcoin threshold fuel crypto frenzy
Read More Here: 16 million mined, 5 million remaining. Approaching Bitcoin threshold fuel crypto frenzy

Mobycy launches dockless bike-sharing service app

GURGAON: Taking on ride-hailing platform Ola, Gurgaon-based Green Tech startup Mobycy on Thursday launched dockless bicycle sharing app on Google Play Store. Ola introduced its own dockless bike-sharing service earlier this month. Read more here: Mobycy launches dockless bike-sharing service app
Read More Here: Mobycy launches dockless bike-sharing service app

We are beginning to see the beginnings of a credit growth: Shanti Ekambaram, Kotak Mahindra Bank

Talking to ET Now, Shanti Ekambaram, Kotak Mahindra Bank , says ratewise, the way I would look at it is it is an extended pause and perhaps they would look at a lot of pointers that would come in the budget. Read more here: We are beginning to see the beginnings of a credit growth: Shanti Ekambaram, Kotak Mahindra Bank
Read More Here: We are beginning to see the beginnings of a credit growth: Shanti Ekambaram, Kotak Mahindra Bank

How PeeSafe is making Indian restrooms more women-friendly

NEW DELHI: Personal hygiene brand PeeSafe has launched its ‘PeeSafe Sanitized Washroom’ program to counter lack of hygiene across washrooms in the country. Read more here: How PeeSafe is making Indian restrooms more women-friendly
Read More Here: How PeeSafe is making Indian restrooms more women-friendly

Indian steel firm's mining plans in lush forest may be nixed: Sources

NEW DELHI - India’s environmental authorities are likely to cancel a plan by a state steel company to dig for more iron ore from a massive reserve located in a lush green forest roamed by elephants, sources said, as the government aims to halt mining in the area. Read more here: Indian steel firm’s mining plans in lush forest may be nixed: Sources
Read More Here: Indian steel firm's mining plans in lush forest may be nixed: Sources

2018 will not be an index story, look at 2 sectors to pick multibaggers: Gautam Shah, JM Financial

Even the private sector banks in the last seven days, for the first time have shown some weakness in the heavyweights like HDFC and HDFC Bank. Read more here: 2018 will not be an index story, look at 2 sectors to pick multibaggers: Gautam Shah, JM Financial
Read More Here: 2018 will not be an index story, look at 2 sectors to pick multibaggers: Gautam Shah, JM Financial

Industry demand for lower prices at cost of mining companies is not right: N Baijendra Kumar, NMDC

In an interview with ET Now, N Baijendra Kumar , CMD, NMDC , says the national miner has always taken note of stressed companies and kept the iron ore prices lower than imported ones. Read more here: Industry demand for lower prices at cost of mining companies is not right: N Baijendra Kumar, NMDC
Read More Here: Industry demand for lower prices at cost of mining companies is not right: N Baijendra Kumar, NMDC

Wednesday, 6 December 2017

L&T Hydrocarbon Engineering bags Rs 1,600 crore order from HPCL

NEW DELHI: Larsen & Toubro (L&T) today said its a wholly-owned subsidiary has bagged an order worth Rs 1,600 crore from Hindustan Petroleum Corporation Ltd (HPCL). L&T said the project is part of HPCL Visakh Refinery Modernisation Project (VRMP). Read more here: L&T Hydrocarbon Engineering bags Rs 1,600 crore order from HPCL
Read More Here: L&T Hydrocarbon Engineering bags Rs 1,600 crore order from HPCL

Betting on these 2 growth stories: Yogesh Mehta, Motilal Oswal Securities

Talking to ET Now, Yogesh Mehta, Motilal Oswal Securities , says betting on Bharat Forge and SBI. Even ICICI Bank and Maruti look good. What are your sectoral preferences? Is it now more of investment-led themes, especially the infrastructure /construction companies? A 4-4. Read more here: Betting on these 2 growth stories: Yogesh Mehta, Motilal Oswal Securities
Read More Here: Betting on these 2 growth stories: Yogesh Mehta, Motilal Oswal Securities

Flipkart's Big Shopping Days sale: Apple iPhone X sees price drop, Google Pixel 2 sees 34% discount

Starting noon today, Flipkart is launching a two-day ‘Big Shopping Days’ sale with massive discounts across categories and brands. The star attractions of the sale are: Apple iPhone X and Google Pixel 2 mobile phones. Read more here: Flipkart’s Big Shopping Days sale: Apple iPhone X sees price drop, Google Pixel 2 sees 34% discount
Read More Here: Flipkart's Big Shopping Days sale: Apple iPhone X sees price drop, Google Pixel 2 sees 34% discount

GMR in race for $250 million airport project in Philippines

HYDERABAD: A GMR group company along with its partner, Manila-based Megawide, is in the race for the USD 250 million Clark International Airport new terminal building project in Philippines. Read more here: GMR in race for $250 million airport project in Philippines
Read More Here: GMR in race for $250 million airport project in Philippines

Coinbase: The heart of the bitcoin frenzy

SAN FRANCISCO: The booming stock market of the 1920s had the New York Stock Exchange. The tech bubble of the 1990s had Nasdaq and E-Trade. And the virtual currency market of the last year has had Coinbase. Read more here: Coinbase: The heart of the bitcoin frenzy
Read More Here: Coinbase: The heart of the bitcoin frenzy

Infosys CFO Severance pay case closure to pre-empt any class-action lawsuit: Sandeep Parekh, Finsec Law Advisors

In a chat with ET Now, Sandeep Parekh, Finsec Law Advisors , says it has only been filed and usually it takes up to a year or two for these matters to reach closure. Yes. Read more here: Infosys CFO Severance pay case closure to pre-empt any class-action lawsuit: Sandeep Parekh, Finsec Law Advisors
Read More Here: Infosys CFO Severance pay case closure to pre-empt any class-action lawsuit: Sandeep Parekh, Finsec Law Advisors

Lenskart picks up stake in Israel’s 6over6 for $1 million

NEW DELHI: Eyewear solutions company Lenskart has picked up a minority stake in Israeli startup 6over6. This marks the firm’s second such bet on an overseas earlystage technology venture in less than four months. Read more here: Lenskart picks up stake in Israel’s 6over6 for $1 million
Read More Here: Lenskart picks up stake in Israel’s 6over6 for $1 million

Importers of food, cosmetics to get refund on excess GST

NEW DELHI: Unsold inventory of imported chocolates, confectionery and cosmetics, which attracted 28% Integrated Goods & Services Tax (GST) during inbound shipments but are now retailing with an 18% levy, can claim refunds on the excess tax paid. Read more here: Importers of food, cosmetics to get refund on excess GST
Read More Here: Importers of food, cosmetics to get refund on excess GST

Nearbuy and Little Internet merge, Paytm gets majority stake

BENGALURU:Discoveryand deals platforms Nearbuy and Little Internet have merged, and financial services platform Paytm has taken a majority stake in this combined entity, the company announced on Wednesday. Read more here: Nearbuy and Little Internet merge, Paytm gets majority stake
Read More Here: Nearbuy and Little Internet merge, Paytm gets majority stake

Mswipe completes round D with $10 million

BENGALURU: Mobile point-of-sales (PoS) deploying company Mswipe has raised $10 million in additional fundraising to complete its Series-D round, which was led by B Capital Group and also saw the participation of existing investor DSG Consumer Partners. Read more here: Mswipe completes round D with $10 million
Read More Here: Mswipe completes round D with $10 million

Amazon’s wholesale focus pays, sales climb to Rs 7k crore

BENGALURU: Amazon’s wholesale unit in India reported a staggering increase in turnover of nearly 2,700 times for fiscal year 2016-17, emerging as a major contributor to the global retail giant’s overall operations in the country as it adjusted to regulatory restrictions. Read more here: Amazon’s wholesale focus pays, sales climb to Rs 7k crore
Read More Here: Amazon’s wholesale focus pays, sales climb to Rs 7k crore

Residential furniture industry: Trends & analysis

Despite a slow start in 2017, the residential furniture industry continues to demonstrate steady signs of improvement, both in solid wood and panel-based products, with the latest year-to-date figures from Smith Leonard’s Furniture Insights showing a 6% gain in new orders over the first eight mon Read more here: Residential furniture industry: Trends & analysis
Read More Here: Residential furniture industry: Trends & analysis

Alibaba all set to put $300 million in BigBasket

BENGALURU: Alibaba is poised to buy over a third of online grocer BigBasket, according to three people directly aware of the impending deal, for about $300 million. Read more here: Alibaba all set to put $300 million in BigBasket
Read More Here: Alibaba all set to put $300 million in BigBasket

How startup TeamIndus is eyeing space colonisation and plans to land on moon

Santosh Roychoudhury heard about the competition from his sister Sukanya. Both were then postgraduate students at the Central University of Tamil Nadu, Santosh studying physics and Sukanya mathematics. Read more here: How startup TeamIndus is eyeing space colonisation and plans to land on moon
Read More Here: How startup TeamIndus is eyeing space colonisation and plans to land on moon

How billionaire Prem Watsa is steering insurance into digital world

It was a pleasant November morning in the office of Digit General Insurance in Bengaluru. Although only established late 2016 and still awaiting approval from the Insurance Regulatory and Development Authority, the digital-first venture had a welcoming air to it. Read more here: How billionaire Prem Watsa is steering insurance into digital world
Read More Here: How billionaire Prem Watsa is steering insurance into digital world

5 Easy Upgrades That Make Selling Your House Easier

The month before you want to sell your house is not the time to take on a major renovation project. Unless you’ve got serious structural damage, you’ll never get back the cost of a major redo when you finally sell your home. Read more here: 5 Easy Upgrades That Make Selling Your House Easier
Read More Here: 5 Easy Upgrades That Make Selling Your House Easier

How billionaire Prem Watsa is steering insurance into digital world

It was a pleasant November morning in the office of Digit General Insurance in Bengaluru. Although only established late 2016 and still awaiting approval from the Insurance Regulatory and Development Authority, the digital-first venture had a welcoming air to it. Read more here: How billionaire Prem Watsa is steering insurance into digital world
Read More Here: How billionaire Prem Watsa is steering insurance into digital world

When You Can’t Recycle It: Getting Rid of Hazardous Materials Safely

As much as society gets rah-rah about reusing and recycling, not everything you use in your DIY home improvement can be recycled. Some things also can’t be tossed in the garbage. Read more here: When You Can’t Recycle It: Getting Rid of Hazardous Materials Safely
Read More Here: When You Can’t Recycle It: Getting Rid of Hazardous Materials Safely

Is Your Tetanus Shot Up to Date?

When was the last time you had a tetanus shot? There’s a pretty good chance – unless you’re immunocompromised – your answer is either “I don’t know,” or involves some horror story about the last ER-worthy injury you received. Read more here: Is Your Tetanus Shot Up to Date?
Read More Here: Is Your Tetanus Shot Up to Date?

Is Your Tetanus Shot Up to Date?

When was the last time you had a tetanus shot? There’s a pretty good chance – unless you’re immunocompromised – your answer is either “I don’t know,” or involves some horror story about the last ER-worthy injury you received. Read more here: Is Your Tetanus Shot Up to Date?
Read More Here: Is Your Tetanus Shot Up to Date?

Making the Switch to USB Outlets

If your life is a mess of cords and chargers strewn about the house – if you can never seem to find a wall socket to USB converter even though you own so many you’re drowning in them – it’s time for a serious upgrade. Read more here: Making the Switch to USB Outlets
Read More Here: Making the Switch to USB Outlets

5 Types of Jobs a Multi-Tool Makes Easier

If you are like most people, you won’t know you need a multi-tool until you actually have one. They have dozens of uses for all sorts of odd jobs, many of which won’t be apparent until you have the tool in your hand. Read more here: 5 Types of Jobs a Multi-Tool Makes Easier
Read More Here: 5 Types of Jobs a Multi-Tool Makes Easier

Digital payments ride UPI wave; cards and wallets falter slightly

BENGALURU: Wallet and card payments have shown a slight month on month slump in November after an extremely strong show in the festive months of September and October, as per provisional data released by the Reserve Bank of India. Prepaid payment instruments or wallets have recorded 91. Read more here: Digital payments ride UPI wave; cards and wallets falter slightly
Read More Here: Digital payments ride UPI wave; cards and wallets falter slightly

RINL-Visakhapatnam Steel Plant registers a 31% growth in turnover to Rs 9,650 crore

RINL-Visakhapatnam Steel Plant has registered a 31% growth in turnover to Rs 9,650 crore during April-November’17 compared to the same period last year. The plant also reported a 15% increase in saleable steel production to 2.76 million tonne during April-November 2017 compared to 2. Read more here: RINL-Visakhapatnam Steel Plant registers a 31% growth in turnover to Rs 9,650 crore
Read More Here: RINL-Visakhapatnam Steel Plant registers a 31% growth in turnover to Rs 9,650 crore

Milwaukee Rechargeable Light Review

Jobsite lighting has come a long way since the days of the cheap incandescent lights. Lights are now more powerful, stay cooler thanks to LED technology and run longer, again thanks to LED lights. Read more here: Milwaukee Rechargeable Light Review
Read More Here: Milwaukee Rechargeable Light Review

Possibility of fiscal slippage top of mind for RBI: Abheek Barua, HDFC Bank

Talking to ET Now, Abheek Barua, HDFC Bank , says despite their emphasis on neutrality, there is one way that rates will move and that is up, perhaps with a long pause or with a short pause depending on conditions. Read more here: Possibility of fiscal slippage top of mind for RBI: Abheek Barua, HDFC Bank
Read More Here: Possibility of fiscal slippage top of mind for RBI: Abheek Barua, HDFC Bank

RBI keeps repo rate unchanged at 6%, maintains neutral stance

NEW DELHI: The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday kept the short-term lending rate, also known as repo rate, unchanged at 6 per cent in its fifth bi-monthly policy review of the fiscal year. Read more here: RBI keeps repo rate unchanged at 6%, maintains neutral stance
Read More Here: RBI keeps repo rate unchanged at 6%, maintains neutral stance

Challenge launched on Amazon Launchpad’s one year anniversary aimed at helping India’s product start-up community

BENGALURU: A global collaborative initiative between Amazon Launchpad, hardware accelerator HAX and crowd funding community Kickstarter saw the official launch of Startup C-Cube, a multi-level challenge for Indian start-ups in Bengaluru today. Read more here: Challenge launched on Amazon Launchpad’s one year anniversary aimed at helping India’s product start-up community
Read More Here: Challenge launched on Amazon Launchpad’s one year anniversary aimed at helping India’s product start-up community