New Delhi
The government on Friday hiked import duty on edible oil by 5 per cent in a bid to safeguard the domestic industry. Customs or import duty on edible oil in all categories has been increased by 5 per cent, the Central Board of Excise and Customs said in a notification. Duty on crude edible oil has been increased from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 per cent to 20 per cent. PTI
New Delhi
Facebook to launch low-cost wi-fi in India
Social networking site Facebook has remained defiant about its free internet initiative Internet.org and said it was looking at innovative ways to provide connectivity in the country. Facebook vice-president for mobile and global access policy Kevin Martin said at the India Economic Convention 2015 that the social-networking giant was planning to launch a special wi-wi service in India which would aid in subsidising the cost of accessing internet. IANS
New Delhi
Etihad Airways raises additional $200 million
Etihad Airways on Friday said it along with its airport services business and five equity partners, including India's Jet Airways, raised an additional $200 million following an unprecedented increased demand from financial institutions in a range of markets.
New Delhi
Firms with employees’ trusts need to re-classify holding
Listed companies having employee benefit trusts will have to re-classify the shareholding of the trusts into 'non-promoter and non-public' category, markets regulator SEBI on Friday said in a notification. Such trusts would now be required to comply with minimum public shareholding norms within three years under the new Share Based Employee Benefits regulations. PTI
Chennai
Neyveli Lignite to tap solar power energy
Neyveli Lignite Corporation on Friday received in-principle approval from its board for taking part in solar power projects announced by various states.
The government on Friday hiked import duty on edible oil by 5 per cent in a bid to safeguard the domestic industry. Customs or import duty on edible oil in all categories has been increased by 5 per cent, the Central Board of Excise and Customs said in a notification. Duty on crude edible oil has been increased from 7.5 per cent to 12.5 per cent and on refined edible oil from 15 per cent to 20 per cent. PTI
New Delhi
Facebook to launch low-cost wi-fi in India
Social networking site Facebook has remained defiant about its free internet initiative Internet.org and said it was looking at innovative ways to provide connectivity in the country. Facebook vice-president for mobile and global access policy Kevin Martin said at the India Economic Convention 2015 that the social-networking giant was planning to launch a special wi-wi service in India which would aid in subsidising the cost of accessing internet. IANS
New Delhi
Etihad Airways raises additional $200 million
Etihad Airways on Friday said it along with its airport services business and five equity partners, including India's Jet Airways, raised an additional $200 million following an unprecedented increased demand from financial institutions in a range of markets.
New Delhi
Firms with employees’ trusts need to re-classify holding
Listed companies having employee benefit trusts will have to re-classify the shareholding of the trusts into 'non-promoter and non-public' category, markets regulator SEBI on Friday said in a notification. Such trusts would now be required to comply with minimum public shareholding norms within three years under the new Share Based Employee Benefits regulations. PTI
Chennai
Neyveli Lignite to tap solar power energy
Neyveli Lignite Corporation on Friday received in-principle approval from its board for taking part in solar power projects announced by various states.
