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According to a MacRumors report, Apple is apparently turning to the employees at its retail stores for help on its disastrous iOS 6 Maps apps; in an evident attempt to bring about some much-required improvements in the app.

The report, citing the information shared by unnamed sources aware of the proceedings at Apple, the retail stores are permitting their employees to jointly spend up to 40 hours every week in reporting errors in the iOS 6 Maps app and making recommendations for improvement.

Buoyed by 82 per cent increase in sales in September, luxury car manufacturer Audi India is hopeful that it will surpass its own target of selling 8,000 units in 2012.

According to released figures, Audi enjoyed an increase of 82.16 per cent in sales to 1,011 units, as compared with 555 units in the corresponding month of the previous year.

The government will not be able to ensure sustainable growth and control inflation unless the issue of soaring subsidy bill is addressed, Reserve Bank of India (RBI) Deputy Governor Subir Gokarn said.

Speaking at the South Indian Chamber of Commerce & Industry's 102nd annual general meeting, Mr. Gokarn said subsidy bill was the biggest single burden on government finances, and not dealing with subsidies would provide the country with only imperfect and incomplete solutions.

Brokerage firm CLSA on Wednesday slashed its price target for Infosys shares to Rs 1,566, predicting that the stock price could drop by 40 per cent from current levels.

CLSA said that the recent appreciation in the currency of India might prove negative for the country's software exporters, including Infosys, and its share prices could slip.

The internal note, which was in the form of an e-mail, added that price of Infosys' stock could drop by 40 per cent in a year.

State-owned Gujarat State Petroleum Corp. (GSPC) has agreed to acquire the controlling stake in Gujarat Gas Co Ltd. (GGCL) for Rs 2,463.8 crore.

GSPC will acquire 65.12 per cent stake in GGCL from its parent company BG Group, at 295 per equity share. GGCL is the biggest private-sector city gas distribution (CGD) company in India, with a base of 3.5 lakh in South Gujarat.

Following the acquisition, GSPC will become the country's biggest distributor of natural gas, with total volume of nearly 8 million cubic metres per day.

Pushing ahead with its economic reforms, the government is now mulling over plans to raise foreign direct investment (FDI) cap in insurance sector to 49 per cent and also open the pension sector to foreign investors.

Today, on Thursday, the Union Cabinet will consider the Insurance Bill that seeks to hike the FDI cap in insurance sector from existing 26 per cent to 49 per cent; while the proposal in the Pension Fund regulatory & Development Authority (PFRDA) Bill seeks to allow FDI in the pension sector also.