FM to brief Parliamentary panel on GST progress today

New Delhi: Finance Minister Arun Jaitley will on Friday brief a Parliamentary panel that includes Congress Vice President Rahul Gandhi on the progress made on Goods and Service Tax (GST) since the landmark law was passed by the Parliament last month. With the Government planning to implement the new GST regime from April 1 next year, Jaitley will brief a meeting of the 30-member Parliamentary Consultative Committee on Finance and Corporate Affairs on Friday on the new indirect tax regime. However, sources said Revenue Secretary Hashmukh Adhia will also be present at the meeting.

Mallya UBHl Principal Officer, monitoring ops from london

New Delhi: Embattled tycoon Vijay Mallya, who is in london avoiding court summons here, has been made Principal Officer of United Breweries (Holdings) ltd (UBHl) in the absence of a MD and is monitoring the operations of the company from the UK. “In the absence of a MD, the Chairman of the Board, Mallya has been made the Principal Officer of the company and has been monitoring the performance of the company through appropriate delegation of duties to various operating executives, who report to him on a regular basis,” UBHl said on Thursday.

12 SME IPOs to hit markets today

New Delhi: Enthused over upbeat investor sentiment, as many as 12 small and medium enterprises (SMEs) will hit the capital markets on Friday to raise an estimated Rs 70 crore through initial public offers. So far this month, 12 other firms have already hit the capital markets. They are Gretex Industries, Dhanuka Realty, Sakar Healthcare, Art Nirman, Pansari Developers, Aurangabad Distillery, Globe International Carriers, DRA Consultants, Shashijit Infraprojects, Mewar Hi-Tech Engineering, India Green Realty and Bindal Exports.

Guptari Group to invest of Rs 100 cr soon

Mumbai: Realty firm Guptari Group, run by directors duo Unmesh Tari and Pramod Gupta, plans to investment of Rs 100 crore in several upcoming projects in Panvel, Pune and Thane soon. The company's Mangaon project now stands around Rs 100 crore, where company aims to spend a total of Rs 350 crore for all projects in future. “We are going to manage 50 per cent of expenses through equities, 30 per cent from borrowings and rest 20 per cent, they would invest their own firm's money,” said Directors in a joint statement.