Maruti Suzuki India’s (MSIL’s) proposed factory in Gujarat is faced with a technical hurdle.

In the process of reworking the state support agreement (SSA), thanks to the new scheme proposed by MSIL, the state government is learnt to have objected to offering value added tax (VAT)-related concessions twice, once to the manufacturer and then again to the seller. MSIL has been asked to suggest a new formula.

At a meeting with West Bengal Labour Minister Purnendu Bose, the Hindustan Motors management on Thursday agreed to pay a part of the dues to workers by Monday. However, it didn’t provide an assurance on reopening the Uttarpara plant.

The company said it needed time to restructure the organisation and significantly reduce its liabilities. “The Hindustan Motors management has said due to huge losses incurred by the company, it was forced to shut the plant…However, they have said they have the intention to reopen the plant. We will continue our talks with the management to ensure reopening of the plant,” Bose told Business Standard.

Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is acquiring a majority stake in Raghav Bahl’s Network18 Media and Investments and its subsidiary TV18 Broadcast through Independent Media Trust (IMT), of which RIL is a sole beneficiary.

Network18 Media and TV18 control a suite of broadcasting channels like CNBC-TV18, Viacom18 and CNN-IBN, besides a bevy of e-commerce businesses and digital internet sites.

Experts believe Infosys might stick to an internal candidate despite the exit of its president and board member, B G Srinivas, widely seen as the strongest contender to become the Bangalore-based information technology company's next chief executive officer (CEO).Srinivas is joining Hong Kong-based PWWC, the holding company of information & communication technology firm HKT Group, as managing director.

New Delhi: Inspectors from Anil Ambani’s electricity retailer BSES Rajdhani Power Ltd entered a village near New Delhi last week hunting for tampered meters. Residents responded by beating them with iron rods.

The team was also stoned in the 21 May incident, a police report shows. Inspectors who visited another village in 2012 were bound and urinated on, according to two company officials who asked not to be identified as the information isn’t public.

MUMBAI: Tata Motors, India's largest automaker by revenue, said its domestic operations would likely not post a profit or would have "inadequate" profit for the fiscal year that ended in March, hurt by sluggish demand.

Bollywood diva Anushka Sharma, who is allegedly dating the hot and dashing cricketer Virat Kohli, is spending some quality time with him before she starts shooting for her next movie. The actress will be soon flying to Barcelona for two months to shoot for Zoya Akhtar's 'Dil Dhadakne Do' and hence is spending some quality time with him.

Top Bollywood stars like Hema Malini, Smriti Irani, Vinod Khanna and Paresh Rawal, have entered the lower house of the Indian Parliament in 2014.

Soap opera "bahu" Smriti Irani grabbed the cabinet rank as HRD minister under Modi's cabinet, while Hema Malini, who had a BJP ticket from Mathura succeeded by around 3.5 lakh votes, and Kirron Kher, also a BJP candidate, achieved victory in Chandigarh by around 69 thousand votes.

Tech giant Apple will acquire music service Beats Music and Beats Electronics for $3 billion, a move aimed at strengthening its music services portfolio.

The deal, expected to close in the fourth quarter, will see Beats co-founders Jimmy Iovine and Dr. Dre joining Apple.

United Nations welcoming the discussion held between Prime Minister Narendra Modi and his Pakistani counterpart Nawaz Sharif in India, a spokesperson for U.N. chief Ban Ki-moon has said that the U.N. is supportive of all efforts towards constructive dialogue.

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