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Stephen Schwarzman Takes Delivery of $400 Million Superyacht 'Destiny'
Stephen Schwarzman, co-founder of Blackstone, has received his new $400 million, 101.2-meter superyacht named Destiny from Dutch shipbuilder Feadship. The vessel, featuring a glass-bottom pool and helipad, contrasts with his known preference for $140 Swatch watches, adding a high-profile possession to his portfolio.
Global Waterways and Transit Fees: A Comparative Overview
Following the Strait of Hormuz reopening, Iran and Oman proposed a permanent fee system for ships. This highlights global supply chain reliance on key waterways, where international law generally grants free transit passage, though specific service fees are permissible. Major straits like Hormuz, Bosphorus, Malacca, and canals like Suez and Panama have varying fee structures, from free passage to significant tolls.
India's FSSAI Issues Notices to Beverage Companies Over Flavor and Age Claims
India's food regulator FSSAI has issued notices to alcoholic beverage manufacturers for unauthorized use of added flavors and non-compliance with age-related claims on labels, violating food safety regulations.
India's FSSAI Issues Notices to Beverage Companies Over Flavor and Age Claims
India's food regulator FSSAI has issued notices to alcoholic beverage manufacturers for unauthorized use of added flavors and non-compliance with age-related claims on labels, violating food safety regulations.
Tata Group's Assam Semiconductor Facility to Receive Rs 14,044 Crore in Government Incentives
The Tata Group's new semiconductor facility in Assam, an investment of Rs 27,000 crore, will receive Rs 14,044 crore in government incentives. The project is expected to create over 27,000 jobs and boost India's semiconductor ecosystem.
Sukanya Samriddhi Account: Interest Rate, Investment, and Tax Benefits
The Sukanya Samriddhi Account (SSA), a government-backed savings scheme launched in 2015, offers an 8.2% annual interest rate. Parents can invest up to Rs 1.5 lakh annually for 15 years, building a tax-exempt corpus for a girl child's education and marriage, maturing in 21 years.
