Mahindra & Mahindra ties up with Snapdeal for pre-booking of Scorpio

http://economictimes.indiatimes.com/industry/auto/automobiles/mahindramahindra-ties-up-with-snapdeal-for-pre-booking-ofscorpio/articleshow/42827385.cms
After books, mobiles, sundry electronic items and clothes, now comes a car. Ecommerce firm Snapdeal on Thursday started accepting prebookings for the new
variant of Mahindra & Mahindra's (M&M) mainstay SUV Scorpio, making it the first
time automobile bookings have debuted on a third-party electronic marketplace in
India and marking another maturity milestone for the country's fledgling e-retail
sector.On Thursday evening, the homepage of Snapdeal, usually home to smallticket merchandise such as shoes, perfumes and clothes, had the silhouette of
M&M's new Scorpio utility vehicle against a dark backdrop along with the
announcement that the website would take bookings for it.

Samsung to increase investment in India's 4G market

http://timesofindia.indiatimes.com/Tech/Tech-News/Samsung-to-increaseinvestment-in-Indias-4G-market/articleshow/44867573.cms
Korean technology major Samsung has committed to scale up its investments in
India's 4G market in a meeting with telecom minister Ravi Shankar Prasad, while LG
expressed great faith in the 'changed investment climate.' "Met CEO Samsung.
Discussed NOFN and Smart city projects. They are keen on India's 4G mobile market.
(They) want to increase investment," Prasad tweeted after his meeting met CEO
Samsung.discussed NOFN &Smart City projects.they r keen on India's4G Mobile
market.want2 increase investment
Major Indian telecom operators, including Reliance Jio, plan to start 4G services from
next year. Bharti Airtel and Aircel have already launched these high-speed services in
some parts of the country. Prasad is on a 5-day visit to South Korea to woo
investments in the country in the field of electronics manufacturing and under the
'Make In India' program.

Tribunal orders Maruti Suzuki to pay Rs 150 crore in additional excise

duty
http://www.financialexpress.com/news/tribunal-orders-maruti-suzuki-to-pay-rs150-crore-in-additional-excise-duty/1299521
Maruti Suzuki India has been asked to pay an additional excise duty of Rs 150 crore
by a tax tribunal on Friday.
The company has been given time till December 2014 to pay up the dues or face the
possible levy of interest and penalty that could take the total upward of Rs 800
crore. Maruti, however, has the right to contest the ruling before the Delhi High
Court.The case relates to the taxation of festival discounts that dealers of car
companies offer to boost sales.According to the Customs Excise and Service Tax
Appellate Tribunal (CESTAT), Maruti dealers run customer promotion schemes
including offering of discounts.These schemes or promotional expenses, according to
the tribunal are adjusted by the company from the dealers through the margins
offered on the automobiles to them.
In response to queries from The Indian Express Maruti claimed the order from the
bench was an interim one and hence they would not want to comment on it.
Maruti had argued before the bench that it had nothing to do with these
promotional schemes which were post removal expenses as the cars were sold to
the dealers at the factory gates. But the tribunal has not accepted it. Instead it has
held that since the dealers and Maruti enter into written agreements under which
the former promise to conduct such road shows, these are taxable as part of the cost
of the cars sold by the company.

Tata JLR only Indian company in world's 100 most valuable brands
http://businesstoday.intoday.in/story/tata-jlr-only-indian-company-worlds-100most-valuable-brands--most/1/211323.html
Tata group's Land Rover has forayed into an elite club of world's 100 most valuable
brands as the only Indian-owned entity, while iconic Apple has retained its top slot
with nearly $119 billion valuation.
Land Rover, an iconic British car brand owned by Indian conglomerate Tatas, has
been ranked 91st with a brand value of $4.47 billion and is one of the five new
entrants on this annual list compiled by leading brand consultancy Interbrand.
Apple - maker of iPhone mobiles, Mac computers, iPad tablets and iPod music
players among others - is followed by Google on the second position ($107 billion).
These are the only two with brand values in excess of $100 billion.
While Land Rover is the only Indian-owned entity on the list, there are at least six
other brands ranked among top 100 that are part of the entities run by Indian-origin
CEOs.
These include Satya Nadella-led Microsoft (5th with brand value of $61 billion), Indra
Nooyi-led Pepsi (24th; $19 billion), Shantanu Narayen-led Adobe (77th; $5.3 billion)
and Ajay Banga-led MasterCard (88th; $4.7 billion).