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Briefly: Maruti Suzuki India gets Rs 3.8 crore show-cause notice

Maruti Suzuki India on Wednesday said it has received a show-cause notice from customs authority demanding payment of differential duty of over Rs 3.8 crore. - File photo

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New Delhi: Maruti Suzuki India on Wednesday said it has received a show-cause notice from customs authority demanding payment of differential duty of over Rs 3.8 crore. Authorities asked it to provide the reasons for claiming custom duty exemption, it said. PTI

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Tata buys 116 cr equity shares in Singapore unit

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New Delhi: Tata Steel has acquired about 116 crore equity shares in its Singapore-based arm for $182 million. “Tata Steel acquired 1,15,92,35,669 ordinary equity shares in T Steel Holdings Pte Ltd (TSHP),” the firm said. PTI

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