Diageo offered $1.9 billion to acquire an additional 26% stake in United Spirits Ltd. China passed a new law giving more power to shut polluting factories and punish officials. Conciliation talks between Toyota Kirloskar Motor and employees failed to reach an agreement. The Companies Act 2013 requires directors to disclose their interests in any companies or firms in Form MBP-1 at the first board meeting each year and changes must be filed in Form MGT-14 within 30 days. Failure to disclose is punishable by up to 1 year in prison and a fine up to 1 lakh rupees.