Copyright purview extended to internet

NEW DELHI: The government on Wednesday approved the proposal of Department of Industrial Policy and Promotion regarding accession to the WIPO Copyright Treaty and WIPO Performers and Phonograms Treaty which extends coverage of copyright to the internet and digital environment. The move is aimed at getting value for IPRs through commercialisation by providing guidance and support to EPR owners about commercial opportunities of e-commerce through internet and mobile platforms. TNS

Cabinet extends recap plan for RRBs 

New Delhi: The government on Wednesday approved extension of recapitalisation scheme for Regional Rural Banks (RRBs) for three years up to 2019-20 with an aim to strengthening their lending capacity. The decision to extend the recapitalisation scheme was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The scheme started in 2010-11 and was extended twice in 2012-13 and 2015-16 with the last extension being till March 2017. TNS

Qatar fund buys NY Plaza Hotel for $600m

New York: New York’s Plaza Hotel, in which Sahara India group has majority stakes, has been acquired by a Qatar government-owned fund for about $600 million, according to a media report on Wednesday. PTI

Confident of coming out of financial mess: Sahara

New Delhi: Embattled Sahara Group has said it is confident of getting out of financial constraints by the next fiscal and will regain a key position as a conglomerate by entering several new businesses. PTI