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Built a fantastic team of over 3000 people across 22 countries, says Zomato's Deepinder Goyal

Till about a year ago, I was fairly hands-on in the hiring process, says Zomato's Deepinder Goyal.




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In a startup environment, there is no clear structure or process, says Faasos's Revant Bhate

Management at Faasos are not people from food industry but mostly entrepreneurs who wanted to build something different on their own, says Revant Bhate.




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Work done in the first five months gave Paytm a strong foundation, says founder Vijay Shekhar Sharma

The team was super capable in their verticals, even though they hadn't previously worked in a startup environment, says Paytm's Vijay Shekhar Sharma.




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Global mergers and acquisitions hit all-time high in 2015 at $4.86 trillion: Dealogic report

Global M&A volume at USD 4.86 trillion in 2015 was the highest on record for any year, surpassing the previous record of USD 4.61 trillion in 2007.




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Kalyan Jewellers to spend Rs 20 crore to build 2000 homes for poor

Kalyan Jewellers has committed Rs 20 crore towards the initiative as part of its endeavour to support the communities with which it operates its business, it said.




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Tatas approach sovereign wealth funds to buy Cyrus Mistry family’s stake

The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to gauge their interest in purchasing the Mistry family’s stake if it became available, according to the people.




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Mutually discuss Interconnection issue and sort it out: Manoj Sinha to telcos

Interconnection enables mobile users to make calls to customers of other networks and is, therefore, crucial for smooth functioning of mobile services.




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Reliance Jio, demonetisation led to revenue drop: Vodafone

Vodafone also confirmed merger talks with the Aditya Birla Group's Idea Cellular as part of its Q3 results for the period that ended on December 31, 2016.




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Reliance Foundation to adopt 4 flood-hit villages in Gujarat

Ambani visited the two districts and took a survey of the worst-affected areas to assess first-hand the primary and immediate requirements of the victims




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Skymet estimates record 113.66 million tonnes of wheat output

There is slight difference in Skymet’s estimation and the government’s second advance estimates, which was released in February this year. According to government’s second advance estimate, the out of wheat is likely to be 106.21 million tonnes while that of gram would be 11.22 million tonnes.




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Assam ropes in KPMG, E&Y to deal with post Covid situation

State Innovation & Transformation Aayog (SITA), Assam, is working on a Strategy Paper for the state government by engaging Ernst & Young (EY) on tea industry. Tea industry has suffered immensely during the lockdown .




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Haryana CM urges farmers to diversify from rice to pulses, maize

Giving detailed information about this, Chief Minister Manohar Lal said that the dark zone, depleting level of groundwater and its excessive exploitation has become a challenge for us and we have started to solve these challenges for the coming generations.




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States raise Covid-19 concern to check stubble burning

Even though much of the stubble of wheat is used as animal fodder but farmers resort to open field burning to get rid of the leftover stalk. Around 11400 incidents of open field burning were recorded as per satellite imagery in Punjab and 7500 in Haryana last year post kharif harvest.




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Tamil Nadu's farm-to-table scheme takes off

Tamil Nadu's farm-to-table initiative has come to fruition rather unexpectedly, owing to the outbreak of Covid-19.




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Darjeeling tea losing out in global trade

Major importers like Germany & Japan, which have been buyers of first flush teas from Darjeeling for decades, first want to check the quality before placing order. Iran, which had bought, around 54 million kg of teas in 2019 has also started placing good orders with the tea exporters which has resulted in orthodox tea prices moving up by Rs 30 -40 per kg in comparison to last year.




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Punjab announces 50 per cent subsidy on machinery for paddy, maize cultivation

Punjab Agriculture Secretary Kahan Singh Pannu said that 50% subsidy would be provided to women, scheduled castes and 40% to other farmers. The secretary further said that farmers had been asked to submit their applications to avail the benefit of subsidy on machinery required for paddy and maize cultivation till 10 May.




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Summer crop sowing in full swing, procurement picks up

Zaid crops are planted during March-May - the intervening period between Rabi and Kharif, which starts with monsoon in June.




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Wheat procurement to fall by 15% due to curbs on interstate crop movement

The lockdown has curbed movement of the cereal from neighbouring states to mandis in Haryana and Punjab.




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Seasonal fruit mango in West Bengal sinks deep under lockdown crisis

Corona lockdown has put entire mango trade in West Bengal under deep uncertainty. The debacle is bound to cause severe economic crisis in the Mango zone of the state. West Bengal is one of the largest contributors to India's national mango output that constitutes around 40% of global yield.




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India exports 33.5 lakh tonnes sugar so far in 2019-20 marketing year

The government has allowed export of 60 lakh tonnes of sugar under Maximum Admissible Export Quota (MAEQ) during 2019-20 marketing year to liquidate surplus sugar in global markets. The country had exported 38 lakh tonnes of sugar during 2018-19 marketing year.




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Under lockdown, Ramjan brings in breathable air for Pineapple

With around 6 lakh ton annual production in almost 20,000 ha land, Bidhannagar in the foothills of northern West Bengal contributes around 80% to the state output that is near half of India's total 20 lakh Metric Ton (MT) yield. India is the fifth largest contributor to the global production of around 275 lakh MT.




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Centre mulls reviving animal markets

Exports have come to a standstill as most meat units ran out of existing stocks early this month and animal markets have been shut for weeks. Animal husbandry minister of Uttar Pradesh, Lakshmi Narayan Chaudhari, said curbs will slowly be lifted, which should cheer famers and exporters in the state that accounts nearly 70% of buffalo meat export from India.




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Govt to roll out regulatory guidelines for biostimulants

“Framing of rules is in final stages. As per the proposed guidelines, biostimulants will have to be first registered with government and have to prove efficacy before hitting in the market. Proper labelling will have to be done including name of manufacturers, ingredients and expiry date,” said a senior agriculture ministry official.




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Mumbai’s APMC to keep market shut for a week

There was growing pressure from local corporators and the mayor of Navi Mumbai for closure of the market. A meeting of all the stakeholders was held on Friday, which was attended by Anoop Kumar, principal secretary (marketing).




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As China stumbles, India plans big exports push in bulk drugs

The government is mulling incentives for reviving old pharmaceutical ingredient units.




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Govt may extend interest equalisation scheme for export sector

"We are ensuring that exports come back on the track. The export data for March is an indicator; the impact of the present crisis could be seen from the export data of March and that for April would also be similar," a Ficci statement said.




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Piyush Goyal calls upon Indian missions abroad to promote India as an investment destination

Commerce and Industry Minister Piyush Goyal said that Invest India and the Department for Promotion of Investment and Internal Trade are working to create a genuine single window for setting up factories and manufacturing units.




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India open to mutually benefitting collaborations with interested countries: Goyal

The minister said India gives the most importance to "the fair dealing and the reciprocity" while signing any multilateral agreements. He said it was not there because of which India did not participate in the Regional Comprehensive Economic Partnership (RCEP).




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Omifco Urea pact under the lens

Under the 15-year agreement that ends in July, India is committed to buy 2 million tonnes urea every year from the plant at an agreed price. "Now that agreement will be over, we may not enter into any further commitment if Omifco doesn’t offer a good price,” said a senior fertiliser ministry official.




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RCEP nations offer India package to return to negotiating table

Members of the trade bloc urged India to convey its initial response to the package by May 15 as the Indo-Pacific region braces for a post-Covid-19 economic order, ET has learnt.




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Commerce ministry recommends continuation of anti-dumping duty on Chinese chemical

In a notification, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) has said there is a "positive" evidence of likelihood of dumping of Sodium Citrate and injury to the domestic industry if the existing anti-dumping duty would be removed.




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Covid-19 crisis has highlighted e-commerce importance,cooperation in cross-border goods, services movement: WTO

Highlighting that network capacity and higher bandwidth services have proved to be crucial, not only during the pandemic itself, but also for e-commerce and economic inclusion in general, it said in an information note: “What can WTO members do to improve communications networks and services?”




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Govt mulling introduction of import substitution policy: Gadkari

The Minister for MSME and Road Transport and Highways said a policy on import substitution is being thought of in the wake of the economic situation created by the COVID-19 pandemic. Gadkari said the industry may not be shut for a long time, and several relaxations could be given by the end of May.




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Export sops likely to continue till March 2021

The commerce and industry ministry is considering a plan to extend the Merchandise Exports from India Scheme (MEIS) till March 31, 2021. The proposal was mentioned in a letter to development commissioners of special economic zones from the Department of Commerce. ET has reviewed the letter.




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View: Dining with the dragon

India’s concern is real because China has been involved in dumping of steel in the past and the same allegation has been made by other countries when it comes to automobiles and electronics. Given China’s superior economic position today amidst good valuations from an investors’ standpoint, leveraging the same makes business sense.




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Brazil’s coffee harvest brews trouble for Indian exporters

Italy, the largest buyer of Indian coffee, started relaxing the restrictions from Monday much to the relief of the Indian coffee industry. However, the exporters fear intense price pressure from Brazil which is expecting a normal crop.




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India looks to lure more than 1,000 American companies out of China

Trump’s move to blame China for the Covid-19 outbreak is expected to worsen global trade ties.




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SEZ units want customs duty waiver for domestic sale as exports plummet

At present, SEZs are also not able to sell their products in the domestic market, as payment of customs duty as per Section 30 of SEZ Act, 2005, is making their products uncompetitive, the Export Promotion Council for EOUs and SEZs (EPCES) said in a letter to commerce and industry minister Piyush Goyal.




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Rice exports to Bangladesh via West Bengal likely to commence soon

Rice exports to Bangladesh through West Bengal will likely begin soon as the ministry of home affairs (MHA) has taken a tough stand against the state government for not allowing border trade with India's eastern neighbour.




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BOI AXA Credit Risk Fund NAV drops 50% in a day

The fund house wrote down its entire holding in Dewan Housing Finance and Avantha holdings from earlier levels of 75%.




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6 FOFs from Franklin Templeton see NAVs dip as debt funds are wound up

The NAV of Franklin India Dynamic Asset Allocation FOFs (fell 16.6%), Franklin India Multi-Asset Solution (fell 22.42%), Franklin India Life Stage FOFs-20 (fell 6.59%), Franklin India Life Stage FOFs-30 (13.51%), Franklin India Life Stage FOFs-40 ( fell 17.81%) and Franklin India Life Stage FOFs-50 Plus (fell 0.52%).




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RBI announces Rs 50,000-crore Special Liquidity Facility for mutual funds

The scheme is available from today, that is, April 27. It will be available until May 11 or up to utilization of the allocated amount, whichever is earlier. The Reserve Bank will review the timeline and amount, depending upon market conditions.




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Franklin Templeton MF committed to return investors money at earliest: Sanjay Sapre

"We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand," Franklin Templeton Asset Management (India) President Sanjay Sapre said in a note to investors.




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Rs 50,000 crore RBI credit line for MFs will restore investor confidence: ASSOCHAM

Rs 50,000 crore Special Liquidity Facility by the RBI to ease redemption pressure on Mutual Funds (MF) in the face of Covid-19 crisis would not only restore confidence in the MF industry but also ensure financial stability in the country.




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Sebi eases compliance norms for investment in unlisted NCDs for mutual funds

The regulator has also eased compliance norms with regards to grandfathering of the existing unlisted NCDs, the Securities and Exchange Board of India (Sebi) said in a circular.




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Manulife Investment Management acquires 49 percent in Mahindra AMC

The joint venture will focus on expansion of fund offerings and long term wealth creation.




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RBI extends regulatory benefits under SLF-MF to all banks

The banks claiming the regulatory benefits would be required to submit a weekly statement, the central bank said in its release.




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Salaries increase for top mutual fund CEOs

According to an analysis of the data made public by mutual funds, the CEO salary given by the top 12 fund houses in terms of assets under management increased in the range of 2-132 per cent in 2019-20 from the preceding fiscal year.




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Net redemptions under credit risk funds down by 81.5%: Amfi

The decrease in redemptions has happened post RBI's announcement of special liquidity measure of INR 50K crores for the mutual fund Industry, said a press release issued by Association of Mutual Funds in India o Amfi.




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The Russian dolls of Franklin Templeton

A study of the portfolios of five out of the six debt schemes which were wound up by Franklin shows all these products had features of credit risk funds — which predominantly invest in lower-rated debt securities — but they were being sold under different labels.