Wait for iPhone facility

NEW DELHI: Commerce and industry minister Suresh Prabhu said the Centre will support iPhone maker Apple to set up a manufacturing unit in the country and is awaiting a formal proposal from them. “Let us get a good proposal from them...We will be very happy to receive Apple, one of the top brands in the world. We are willing to find out if there is any difficulty they may face. We will be more than happy to resolve that difficulty. So, we will await a formal proposal.” PTI

Mecon move

NEW DELHI: State-run consultancy firm Mecon has plans to list its shares as soon as it turns profitable by the next year. “(Listing) is our priority. We want to become a listed entity... to list our shares in the stock market,” Mecon chairman and managing director Atul Bhatt said. PTI

ONGC demand

NEW DELHI: ONGC has sought more than the doubling of natural gas prices to help bring significant discoveries in the KG basin and Gulf of Kutch to production. PTI

Note ban

NEW DELHI: The CBDT has asked the taxman to go over with a fine tooth-comb scrutiny cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap “higher tax rate” in instances where black money is detected. PTI

Electric cars

MUMBAI: The government will allow electric car users to pay for charging of their electric vehicles through digital means, including BHIM app and the Bharat QR code. PTI

Firm closures

NEW DELHI: More than one-third of the total 17 lakh registered companies in the country were shuttered as on the end of October, latest official data showed.PTI