1. Adding org.eclipse.ui.startup extension:
   • Dependencies:
     • org.eclipse.ui
     • org.eclipse.core.runtime
   • Extension:

     <?xml version="1.0" encoding="UTF-8"?>
     <?eclipse version="3.2"?>
     <plugin>
        <extension point="org.eclipse.ui.startup">
           <startup class="tk.urbas.eclipse.urbanlife.Startup"></startup>
        </extension>
     </plugin>

2. Implementing Job:

   package tk.urbas.eclipse.urbanlife;
    
   import org.eclipse.core.runtime.IProgressMonitor;
   import org.eclipse.core.runtime.IStatus;
   import org.eclipse.core.runtime.Status;
   import org.eclipse.core.runtime.jobs.Job;
    
   public class RefreshDataJob extends Job {
    
       public RefreshDataJob(String name) {
           super(name);
       }
    
       @Override
       protected IStatus run(IProgressMonitor monitor) {
           // Work to do in the background
           return Status.OK_STATUS;
       }
   }

3. Scheduling Job to run periodically:

   package tk.urbas.eclipse.urbanlife;
    
   import org.eclipse.core.runtime.jobs.IJobChangeEvent;
   import org.eclipse.core.runtime.jobs.Job;
   import org.eclipse.core.runtime.jobs.JobChangeAdapter;
   import org.eclipse.ui.IStartup;
    
   public class Startup implements IStartup {
    
       private static final long STARTUP_DELAY = 5000; // 5 seconds delay for first run
       protected static final long JOB_INTERVAL = 60000; // Job should run every 60 seconds
    
       public void earlyStartup() {
           final Job updateJob = new RefreshDataJob("Refreshing data in the background");
           updateJob.schedule(STARTUP_DELAY);
           updateJob.addJobChangeListener(new JobChangeAdapter() {
               @Override
               public void done(IJobChangeEvent event) {
                   super.done(event);
                   updateJob.schedule(JOB_INTERVAL);
               }
           });
       }
   }

Let me know if you have any better solution for implementing this. All improvements, suggestions and comments will be greatly appreciated.