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  • Want to start up? Here's a piece of advice
    on October 20, 2018 at 5:30 pm

    By Sidharth RaoYoungsters as fresh as hot bricks from a kiln were raising money by tens of millions, of dollars, and here I was, after ten years of being in the digital industry, still sucking my thumb, while others gunned for greatness. Go big or go home, they said. I cofounded Webchutney in 1999. And I have seen two waves of companies that had zipped past me to the finish line. By 2008, a golden generation of entrepreneurs had already built massive companies like MakeMyTrip, Naukri, […]

  • Telangana is bribing its way to the polls
    on October 20, 2018 at 5:30 pm

    It’s a government holiday in Telangana but at the chief electoral officer’s office housed in the old Secretariat building in Khairatabad in Hyderabad, there is no such indication. With less than two months to go before the country’s youngest state goes to vote on December 7, holidays are unthinkable, says Chief Electoral Officer (CEO) Rajat Kumar, in between meetings with various officials to oversee poll preparations. As the state’s 2.3 crore voters get ready to decide […]

  • How India's ultimate ambition is changing, rapidly and irreversibly
    on October 20, 2018 at 5:30 pm

    Ashish Kulkarni, 36, still remembers. In 2006, newly-married and in his first job, he bought his first car — a Hyundai Santro. It was a step-up. “We both love driving. We were excited,” he says, referring to his wife Swathi. The Santro made their daily commute comfortable in Bengaluru. In 2018, some things have changed and some remain the same. He is older and richer, father of two children and remains passionate about driving. In 2015, the family upgraded to a Volkswagen […]

  • The ABCD of India's data localisation policy
    on October 20, 2018 at 5:30 pm

    Several laws and regulators are converging on the hotbutton topic of data localisation. The deadline for a Reserve Bank of India (RBI) mandate for fintech firms to house data only in India lapsed last week. Other norms around holding accounting data dating back to 2014 locally, the draft ecommerce law that requires firms to locally store “community data collected by Internet of Things devices in public space” and “data generated by users in India from various sources including […]

  • All about India's data localisation policy
    on October 20, 2018 at 5:30 pm

    Several laws and regulators are converging on the hotbutton topic of data localisation. The deadline for a Reserve Bank of India (RBI) mandate for fintech firms to house data only in India lapsed last week. Other norms around holding accounting data dating back to 2014 locally, the draft ecommerce law that requires firms to locally store “community data collected by Internet of Things devices in public space” and “data generated by users in India from various sources including […]

  • RBI opens banking tap to ease liquidity crunch at NBFCs: Assocham
    on October 20, 2018 at 1:35 pm

    Industry body Assocham Saturday hailed the Reserve Bank's decision to incentivise banks to enhance their lending to non-banking finance companies (NBFCs), saying the step will help them in tackling liquidity crunch.The RBI on Friday allowed the banks to use government securities equivalent to their incremental credit to non-banking financial companies (NBFCs) for a three-month period to meet their liquidity coverage ratio (LCR) requirements.The provision will allow banks to free up Rs […]

  • ArcelorMittal aims to complete negotiations swiftly with Essar CoC
    on October 20, 2018 at 12:30 pm

    NEW DELHI: After Emerging as the highest bidder for Essar Steel, global giant ArcelorMittal aims to complete the "negotiations as swiftly as possible" with the debt-laden firm's creditors committee.The Lakshmi N Mittal-owned company, which is the world's largest steel maker, has been locked in a murky legal battle with other bidders, especially Russian VTB Bank-promoted NuMetal to take over Essar Steel, under the insolvency proceedings.The company has been trying for long to enter India but has […]

  • Make a lot of money by being stock specific: N Jayakumar
    on October 20, 2018 at 8:41 am

    There are multiple stocks that are down 60-70-80% and you need to take a look at those and evaluate them for what they 66282127 66291918 66290499 are, N Jayakumar, MD, Prime Securities, tells Nikunj Dalmia of ET Now in an exclusive interview. Edited excerpts: This is not a bear market. This is not like the beginning of a bear market and what has fallen could fall more! […]

  • Forget meaningful alpha from midcaps in next 3 yrs: Nitin Jain
    on October 20, 2018 at 7:07 am

    I would still bet on largecaps for the next two to three years rather than on midcaps, Nitin Jain, President & CEO, Edelweiss 66290499 66290854 66282127 Global Wealth & Asset Management, tells Ayesha Faridi of ET Now, in an exclusive interview. AIFs are going to be a key driver of growth in asset management, going […]

  • India Inc's job creation moderates to 3.8% in FY18: Care
    on October 17, 2018 at 12:52 pm

    In what can be seen as confirming fears of a jobless growth in the country, Care Ratings Wednesday said employment growth in corporate India moderated to 3.8 per cent in FY18, from 4.2 per cent in FY17, with jobs in smaller companies being hit the hardest. The rating agency in its report said the moderation in employment growth is "reflective of the proposition that higher economic growth is weakly translating into higher job creation".It can be noted that many watchers, including the then […]

  • 2 outfits call for shutdown on Sabarimala issue; security tightened
    on October 17, 2018 at 11:43 am

    THIRUVANANTHAPURAM: The Kerala government on Wednesday tightened security across the state by deploying more police personnel following escalating protests by a section of Lord Ayyappa devotees and a hartal called by Hindu fringe outfits against the decision to allow entry of women in Sabarimala temple.Right wing outfit, 'Antharashtriya Hindu Parishad' led by Pravin Togadia and the 'Sabarimala Samrakshana Samithi', an outfit of devotees, have called a 24-hour-long hartal starting midnight.The […]

  • Pyramid Infratech told to pass on input tax benefit to homebuyers
    on September 19, 2018 at 6:03 pm

    NEW DELHI: In a significant decision for homeowners, National Anti-profiteering Authority (NAPA) has pulled up real estate developer Pyramid Infratech for not passing on input tax credit benefits to homebuyers, and ordered refund of the amount it profiteered along with 18% interest.“...the commissioner state tax Haryana is directed to monitor this order under the supervision of the Director General Anti Profiteering by ensuring that the amount profiteered by the respondent as ordered by […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

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