Apr 21, 2017 - Tata Steel board approves raising Rs9,000 crore via debt securities

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Sree Vijaykumar From the Editor's Desk Under GST, all taxable entities will have to file three monthly returns and one annual return, all within a stipulated period. One return is for outward supplies of taxable goods and/or services affected, another for inward supplies, and the third one is for finalisation of details of outward supplies and inward supplies along with the payment of the tax. This comes to 37 returns a year. And this is for an entity that operates in only one state. If the entity has operations in more than one state, the number will multiply. Every taxpayer will have to get itself registered in each state where it has an operation. The condition for claiming input tax credit will put many small entities at the risk of losing business. Since the law puts the onus of ensuring that suppliers pay tax and file returns on time on buyers - as non-payment will delay input credit - large buyers will shift their businesses to more compliant suppliers. Smaller enterprises risk losing business to bigger players that have the wherewithal to better comply with the GST rules. More here Advertisers of the day Gartner Webinars: Data & Analytics Leadership and Vision 2017 R P Singh: Register for Asia's Largest Content Marketing Summit (Exclusive Discount for TradeBriefs Subscribers)  Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Tata Steel board approves raising Rs9,000 crore via debt securities Tata Steel board has approved issue of debt securities of up to Rs9,000 crore in order to refinance existing debt and to meet working capital requirements Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Kumar Mangalam Birla said to eye booming global carbon fibre market Kumar Mangalam Birla is exploring entry into the production of carbon fibre, a high-strength and light-weight composite material expected to be a $4.7 billion global business by 2022 What the IMF global financial stability report says about India IMF’s Global Financial Stability Report says India will be among the countries that will see the greatest deterioration in corporate balance sheets Ola may raise $100 million more, four months after SoftBank’s investment Ola’s board approved the $100 million investment in March, four months after Ola infused $250 million that lowered the firm’s valuation to about $3 billion ATMs go dry on demand-supply mismatch Withdrawals at pre-demonetisation levels as customers revert to cash payments; ATM operators say only 50% of their currency demand being met. AU Financiers converts to small finance bank from a NBFC AU was the only asset financing NBFC out of the ten applicants from across the country which was awarded in-principle approval from RBI for SFB licence last year. Samara Capital acquires facilities management company Sanjay Maintenance Services Sources said Samara had invested about Rs 140 crore ($20 million) for the acquisition and plans to spend an additional $30 million behind bolt-in buyouts for geographical expansion. Indian economy set to overtake Germany's by 2022, push UK out of top 5: IMF India's economy is set to accelerate as a result of implementation of important structural reforms after a demonetisation-induced slowdown, IMF said. Revamped Sebi website boasts of higher disclosures The Sebi website now has a section called as causelist, which lists out all the cases that are being heard by its whole time members and adjudicating officers Warburg said to be in lead to buy part of Prem Watsa’s ICICI Lombard stake Warburg Pincus is the frontrunner to acquire a stake in ICICI Lombard General Insurance from Prem Watsa’s Fairfax Reliance Defence gets banks approval to exit CDR package A consortium of lenders, led by IDBI Bank, has agreed to Reliance Defence’s plan to exit CDR package, with a longer maturity period for loans worth Rs6,800 crore Mechanism soon to fix banking bad loan issue: S S Mundra Last month, Finance Minister Arun Jaitley had said a resolution was being worked out with the Reserve Bank that would put enough pressure on borrowers to settle dues. India's rising wealth has a downside: Fewer women are working Fewer women are now entering the labor force. That's putting at risk the nation's much-vaunted demographic dividend. Half of PSBs can be impacted by revised PCA framework: Fitch PCA was previously viewed as "an extraordinary step" which the central bank avoided but the same is set to change now, Fitch said. Govt sells 9.2% stake in Nalco, raises Rs 1,200 crore Nalco raises over Rs1,200 crore through 9.2% stake sale; the offer for sale opened for retail investor subscription today and was lapped up 3.17 times Future Group to sell its private labels through e-tail rivals Future Group will sell products on Amazon and Big Basket as it aims for Rs 20,000 crore sales from own brands by 2021. Kishore Biyani to demerge home business from Future Retail Future Retail also informed the bourses that the board also approved raising the investment limit of Registered Foreign Portfolio Investors (including FIIS) in equity shares capital of the company from present 24 per cent to 49 per cent. Easy to adopt low-price strategy in e-commerce, hard to afford it: Amazon India head Puma enters into strategic tie-up with India's ShopX to sell sportswear online Hindustan Times Puma enters into strategic tie-up with India's ShopX to sell sportswear onlineWithin a year of launch, ShopX has empowered 45,000 retail partners across 230 towns in 10 states; serving more than 3 million customers. The company aims to provide the 600-million middle-income population in India access to digital commerce through ...articles  MNS threatens Zara outlets in Mumbai for selling 'Made in Pakistan' clothes The workers demanded that the store close down the section where it was selling made in Pakistan clothes as they were protesting against the death sen.. Digital India: Now take WiFi data vouchers from a nearby kirana shop Armed with a PDO device, a kirana shop or a thelawallah can sell WiFi data vouchers with denominations as low as Rs 10. The service can be provided ov.. Indian handset market headed for consolidation, 4G expansion by Jio, others driving smartphone growth The fast pace of growth in the smartphone segment is set to attract investments from Apple which is seeing growth slowing in its major markets like Ch.. Are mobile towers really a health hazard? Telecom industry on tenterhooks 95% engineers in India unfit for software development jobs: Report The study further noted that while more than 60% candidates cannot even write code that compiles, only 1.4% can write functionally correct and efficie.. BSNL Fights Back Jio Scare – Activates Record 2.95 M New Connections In March! As per reports coming in, BSNL has successfully activated 2.95 million new pre-paid connections in the month of March 2017, which is quite a feat in itself. Apple's Make in India plan in motion, trial assembly to commence from May There is no official confirmation from Apple as to which iPhone will be the first one o go in the production but recent rumours claimed that it could be iPhones 6 and 6s instead of iPhone SE. Huawei India joins Redington to expand reach In line with its global "platform + ecosystem" strategy, Huawei Enterprise Business Group (BG) India on Wednesday announced its partnership with Redin.. RBI asks banks to review telecom sector; FinMin official wants Trai to do its job properly Indian telecom players are burdened with debt, which is likely to increase due to the ongoing tariff war and consolidation in the sector. Unilever says India business growth has recovered after demonetisation Unilever’s guidance on India, ahead of Hindustan Unilever’s Q4 results, comes as a shot in the arm for the whole FMCG sector reeling from demonetisation Patanjali eyes 20 per cent share in country's processed food market "The food processing industry is worth around Rs 85,000 crore and Patanjali has a share of around 10 per cent." Patanjali eyes 20 per cent share in country's processed food market "The food processing industry is worth around Rs 85,000 crore and Patanjali has a share of around 10 per cent." Unilever wins battle in shareholder value war Unilever reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz in February. When Fair is not Lovely, how Fair and Handsome targets to be Rs 1000 cr brand Recently, endorsement of fairness cream by Bollywood actors has been criticized vehemently where the notion of ‘fairness makes you better’, has be.. Basmati sowing likely to go up 25% in FY18 on high demand, normal monsoon The industry expects Iran to purchase at least 1 million tonnes this financial year This RBI-certified mobile wallet lets you prepay for liquor online Since law dictates that alcohol cannot be bought or sold on digital channels, HipBar has created an e-wallet that facilitates offline payments of liquor, even though one is essentially paying for it online. Made-in-Chennai tiffin box becomes a hit in the US, thanks to Vaya Life Vaya Life wants to rejuvenate mundane home products like the lunch box with great design and cultural aesthetics. Remember the stainless steel dabba that y P G in strategic tie-up with Future Group MUMBAI: Procter & Gamble is moving its relationship with Future Group, India's largest retailer, beyond the transactional sphere and into the strategic, a development that will add a new dimension to the FMCG giant's rivalry with Unilever. ITC to launch new products, segments to topple Nestle, Britannia in packaged-foods industry It plans to introduce about 40 new food products in the next year – a record for ITC – and sell premium chocolates and coffee through retail chains and online stores. India growth story! You may miss the bus if you can't smell the opportunity Indian economy is on the cusp of delivering growth at an accelerated pace driven by reforms. eBay plans to close sale to Flipkart in second half of year “We-re committed to winning in India through this partnership,” said Devin Wenig, CEO at eBay in an analyst call in the US. 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