Indian Business
Latest news, explainers and analysis on Indian Business. Tracking 4 stories on Arth Vani.
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Latest on Indian Business
BreakingGST Reforms from Nov 1 to Streamline E-commerce Seller Registration, Boost Refunds
The Indian government will implement Goods and Services Tax (GST) reforms from November 1, aimed at simplifying registration for e-commerce sellers. These changes also seek to fast-track GST refunds, potentially easing operations for businesses operating online.
Himachal HC Quashes ₹117.94 Crore GST Demand Against Morepen Labs
The Himachal Pradesh High Court has provided significant relief to Morepen Laboratories Ltd., by quashing a GST recovery notice amounting to ₹117.94 Crore. This decision alleviates a major financial burden for the pharmaceutical company, eliminating a substantial tax liability.
BreakingAdani Infra Becomes Key Cash Generator, Investing in Group's Listed Companies
Privately-held Adani Infra has transformed into a major cash generator for the Adani Group, fueled by the conglomerate's significant infrastructure spending. The firm is now actively investing in its listed sister companies, demonstrating a strategy of circulating wealth within the group's diverse businesses.
SP Group's ₹22,000 Crore Refinancing Gets Key Investor Green Light
Shapoorji Pallonji Group has secured a crucial approval from its anchor investors, including global funds, for a massive ₹22,000 crore refinancing deal. This green light, involving relaxed loan-to-value ratios on pledged securities, paves the way for the conglomerate to manage upcoming debt payments and bolster its financial stability. The transaction, led by Deutsche Bank, is expected to launch in early July.
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