New Delhi: The government on Tuesday said it has cleared 17 foreign direct investment proposals totalling Rs 262.56 crore, including that of Sanofi-Synthelabo (India). The proposals were cleared following recommendations by Foreign Investment Promotion Board (FIPB) headed by Department of Economic Affairs Secretary Arvind Mayaram, an official statement said.
Sanofi-Synthelabo's proposal was regarding acquisition of a pharma company through internal accruals. The company proposes to bring in FDI worth Rs 180 crore. It further said decision on FDI proposals of Muthoot Finance Ltd to set up 'white label ATMs' has been deferred.
A similar proposal of Euronet Services India to set up 'white label ATMs' was also deferred. In all, seven pharmaceutical sector related proposals, including two applications of Oxford Lifesciences, have been cleared.
The government also gave its go ahead to a defence sector proposal of Pipavav Defence and Offshore Engineering Company. Augere Wireless Broadband's application to capitalise the balance amount of the spectrum fee earlier paid to DoT has been approved, the statement said....
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08:55 PM, May 07, 2013
Gearing up to launch services in partnership with Tatas, Malaysian low-cost carrier AirAsia has incorporated a company in India with the filing of all requisite documents with the Ministry of Corporate Affairs. The venture, AirAsia (India) Pvt Ltd, was incorporated as an "Indian non-government company" with its registered office in Mumbai. It will be an "unlisted" company, as per the documents filed with the Registrar of Companies (RoC). ...
12:10 PM, Mar 31, 2013
AirAsia Bhd's proposal to set up a joint venture for running a passenger airline with the Tata Group has been approved by India's Foreign Investment Promotion Board (FIPB), a government statement said on Tuesday. ...
02:25 PM, Mar 26, 2013
The Foreign Investment Promotion Board on Wednesday approved AirAsia's proposal to set up an airline jointly with the Tata group, a Finance Ministry official said. ...
12:58 PM, Mar 06, 2013
The Government on Wednesday said it has approved 12 foreign direct investment (FDI) proposals, including that of Ratnakar Bank, totalling over Rs 802 crore. The Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, however, rejected Mahindra and Mahindra's proposal to form a defence joint venture with Israel's Rafael Advanced Defence System. ...
02:40 PM, Dec 26, 2012
New Delhi: Government's single-window body to clear foreign investment proposals, FIPB, on Tuesday cleared Swedish furniture major IKEA's Rs 10,500-crore project, the largest FDI in single-brand retail so far. The Foreign Investment Promotion Board (FIPB) has approved the proposal of IKEA, Economic Affairs Secretary Arvind Mayaram said after the board meeting in New Delhi. IKEA Group, which manufactures and sells home and office furnishing products, proposes to invest in single...
06:06 PM, Nov 20, 2012
New Delhi: The Union Home Ministry has raised a red flag over Etisalat DB Telecom's links with Pakistan and Afghanistan. CNN-IBN has accessed Home Ministry documents which raise concerns over Etisalat DB Telecom operations in India due to its links with Pakistan and Afghanistan. The Ministry has also raised objections to a request for bringing in additional foreign investment by the company. The Foreign Investment Promotion Board (FIPB) clearance for...
01:09 PM, Dec 01, 2010
Network 18 spoke to Telecom Minister A Raja on spectrum. ...
02:35 PM, Nov 26, 2008
The Government on Monday cleared the 6 per cent FDI in banking, construction, communication and media sectors. ...
09:23 PM, Apr 09, 2007
Telecom ministry has given a clean chit to Vodafone saying that no licencing condition was violated on the Hutch-Essar deal. ...
11:42 AM, Apr 04, 2007
The FIPB will look into veracity of allegations of breach of FDI norms in Hutch-Essar before the Board on Thursday. ...
04:06 PM, Mar 28, 2007
