Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline.
The EPFO threatened to attach the personal bank accounts of Subhiksha MD, R Subramanian and properties of the retail chain to recover dues worth Rs 1.76 crore.
Meanwhile, company's MD has expressed his desire to pay the dues against laws and the PF Commissioner may take further decision regarding it in few days.
Luxury car maker Mercedes-Benz India would recruit more number of professionals, increasing total headcount of workforce to four-fold, at the research and development centre in Bangalore in the next few years and will invest around Rs 150 crore with the help of partners to expand its business network in the country.
TVS Motors, the third largest two-wheeler manufacturer in India, has finally rolled out its new stylish and futuristic 'Scotty Streak' in the domestic market. The company's latest scooterette targets girls in 16 to 20 age group.
The newly introduced 90 cc Scotty Streak, comes with sharp head lamps, LED tail-lamps, broad anti-skid tyres, and external fuel fill at the rear.
The company claims that bike is fitted with LiTech engine, which makes it lighter than comparative models of other manufacturers.
Nokia, the world's largest cellphone maker, is presently in talks with leading music content providers and music companies for rolling out its virtual music stores in India.
Under the facility, consumers would be able to access and download music on their mobile phones and PCs.
Sources reported that Finnish mobile handset maker is currently joining hands with around 150 music companies including Universal Music, Warner Bros, Sony BMG and other national music leaders.
The company is likely to launch the service initially in India with a free one-year subscription on purchase of select Nokia handsets.
Reliance Power Transmission Ltd (RPTL), an associate company of Reliance Infrastructure Limited, has signed power transmission agreements with eight entities from the western region.
The agreements are for two inter-State power transmission projects, under the Western Region System Strengthening Scheme (WRSSS) - II.
The signing of the agreements will lead to financial closure for these projects, costing Rs 1,800 crore.
Tata Motors, India’s biggest automobile company, has signed up a contract with Union Bank of India with the aim to finance its range of passenger vehicles.
The company’s aim is to offer an additional facility of car finance to its clientele.
The banking institution provides car loans up to 85% of invoice, for term ranging up to 5 years, at a very competitive rate of 11% to 11.25%.
The facility will be available at UBI divisions and 329 sales touch points of Tata Motors.
Subhiksha Trading Services may face strict actions from the Employee Provident Fund Office (EPFO) as the firm failed to pay provident fund dues within the given 15 day deadline. 
Luxury car maker Mercedes-Benz India would recruit more number of professionals, increasing total headcount of workforce to four-fold, at the research and development centre in Bangalore in the next few years and will invest around Rs 150 crore with the help of partners to expand its business network in the country.
TVS Motors, the third largest two-wheeler manufacturer in India, has finally rolled out its new stylish and futuristic 'Scotty Streak' in the domestic market. The company's latest scooterette targets girls in 16 to 20 age group.
Nokia, the world's largest cellphone maker, is presently in talks with leading music content providers and music companies for rolling out its virtual music stores in India. 
Reliance Power Transmission Ltd (RPTL), an associate company of Reliance Infrastructure Limited, has signed power transmission agreements with eight entities from the western region.
Tata Motors, India’s biggest automobile company, has signed up a contract with Union Bank of India with the aim to finance its range of passenger vehicles.
