Seek improved infrastructure and strengthening of weaving and processing.
These entrepreneurs have to foot a 10 per cent higher tax on products under the new tax regime launched on July 1. They have to set this aside for remittance every month.
The latest to shift its system was Chennai-based UTOO, which announced last week that it was migrating from monthly salaries to a finance-led model.
The Rs 300-crore round will shed about a fifth of the stake in the company fully owned by founder and managing director Sathish Kumar and his wife.
"False propaganda by vested interest groups, that oil and gas exploration activities will devastate the entire Cauvery Delta is ridiculous and baseless,” ONGC said.
Distributors will find it impossible to get prints across hundreds of theatres in TN and abroad, forcing them to target a July 14 release instead of Friday.
The Special opportunities Fund II is a $205-million chest raised to fund promoters with growth capital.
Sivakasi had announced an indefinite shutdown ahead of the midnight transition on June 30 but the strike has lasted only for six days.
Some industries like sugar have made little efforts for the transition due to uncertainty on tax on sugarcane. Sugar producers are unclear if sugarcane attracts GST.
The industry, particularly small manufacturers, fears the tax reform will decimate the business even as Indian firecracker makers face competition from Chinese manufacturers.
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