FIPB

  • Government clears 25 FDI proposals worth Rs 1,546 crore October 14, 2014

    New Delhi: The Finance Ministry has approved 25 FDI proposals, including six of single-brand retail trade, envisaging a total investment of Rs 1,546.12 crore, and referred a Rs 1,800-crore pharma proposal to the Cabinet for consideration. The proposals have been cleared by the Finance Ministry...
  • Congress down plays CBI decision to question Chidambram in 2G case September 22, 2014

    New Delhi: Congress on Monday sought to downplay the questions about CBI's decision to probe then Finance Minister P Chidambaram's FIPB nod in AircelMaxis deal and his wife Nalini's examination by the agency in connection with alleged multicrore Saradha chit fund scam. Party spokesperson Abhishek Singhvi said that as far as...
  • CBI to probe Chidambaram over FIPB approval in AircelMaxis deal September 19, 2014

    New Delhi: In a blow to former finance minister P Chidambaram, the Central Bureau of Investigation CBI will investigate the circumstances of the Foreign investment Promotion Board approval given by him in the AircelMaxis deal in 2006. Clearing his stand, Chidambaram on Friday said that there was no violation of...
  • TataSIA Airlines deal: Delhi HC seeks Centre's response May 30, 2014

    New Delhi: The Delhi High Court on Friday sought response from the Centre and TataSIA Airlines on Federation of Indian Airlines (FIA) plea seeking quashing of approvals being granted to commence its air transport operation. A bench comprising Chief Justice G Rohini and Justice Pradeep Nandrajog issued notice to the Ministry...
  • RAW wants background check of telcos setting up ILD facility May 26, 2014

    New Delhi: Security agency Research and Analysis Wing has asked the Department of Telecom to make background verification of telecom companies mandatory even before granting them provisional permission for starting international long distance communication services. "R&AW has requested that security clearances from the national security agencies viz, R&AW and IB for...
  • Government approves eight FDI proposals worth Rs 1,024 crore February 23, 2014

    The government has approved eight foreign investment proposals, including plans by L~~amp;amp;T Infrastructure Development Projects and Welspun Renewables Energy, totalling Rs 1,024 crore. The proposals were cleared following recommendations from the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, the Finance Ministry said. The FIPB referred a...
  • FIPB approves Tesco's $110 million investment plan December 30, 2013

    The foreign investment regulator has approved a $110 million investment plan by Tesco, formally paving the way for the British retailer to venture into Asia's thirdlargest economy. Tesco this month took the initial steps to becoming the first foreign company to set up a chain of supermarkets in India's $500 billion...
  • FIPB approves Vodafone proposal to raise stake in India December 30, 2013

    UKbased telecom player Vodafone's Rs 10,000 crore proposal to buy out minority shareholders in its Indian arm was approved by the FIPB on Monday. Vodafone's Rs 10,141 crore FDI proposal has been cleared, sources said after the meeting of Foreign Investment Promotion Board (FIPB) in New Delhi. The telecom major, which holds...
  • H&M gets govt nod to invest $115 million in India December 2, 2013

    Mumbai: Swedish retailer Hennes & Mauritz (HMb.ST) has received final approval from India's Foreign Investment Promotion Board (FIPB) to invest 7.2 billion rupees in the country, according to a government statement on Monday. The world's second biggest fashion retailer had said in April this year it plans to open 50 stores...
  • FIPB clears Tata, Westland proposal to assemble choppers November 10, 2013

    The FIPB has approved a proposal to assemble upgraded version of a military and civil helicopter in collaboration with the Augusta Westland, a firm which is facing corruption inquiry in India. The Foreign Investment Promotion Board (FIPB) in its meeting on September 19 approved the proposal of Indian Rotorcraft, which is...
  • SC notices to Centre, others on plea against JetEtihad deal October 8, 2013

    The Supreme Court on Tuesday sought response from the Centre on a petition filed by BJP leader Subramanian Swamy seeking a stay on the JetEtihad Airways deal. The apex court issued notices to the Centre, ministries and departments concerned, Jet Airways and UAE's Etihad Airways on the petition challenging the deal...
  • Vodafone plans $2 billion investment to raise stake in India unit: Report October 8, 2013

    Britain's Vodafone plans to invest as much as $2 billion to buy out minority shareholders in Vodafone India, the Financial Times reported on Monday. Vodafone will file an application this month with India's Foreign Investment Promotion Board to seek clearance for the investment, the Financial Times reported, citing two people familiar...
  • Union Cabinet clears JetEtihad stake sale deal October 4, 2013

    Paving the way for the biggest ever foreign investment in India's aviation sector, the Union Cabinet on Thursday cleared Jet Airways' proposed sale of 24 per cent equity to Abu Dhabibased Etihad, days after the Rs 2,058 crore deal got regulatory clearances. "Yes, it has been cleared," said Civil Aviation Minister...
  • JetEtihad deal to come up for clearance in Cabinet today October 3, 2013

    New Delhi: The JetEtihad deal is likely to get clearance from the Cabinet Committee of Economic Affairs on Thursday. Etihad Airways is seeking regulatory approval for its planned Rs 2,058 crore stake in Jet Airways. As per the deal, Etihad will nominate three executives on Jet board. According to reports, Etihad...
  • MPs concerned over plight of farmers in flood-hit areas September 6, 2013

    New Delhi: Concern was voiced in Lok Sabha over plight of farmers in flood-hit areas of Uttar Pradesh, Bihar, Punjab and other states, and members demanded compensation from the Centre for loss of crops. Harsimrat Kaur (SAD), who had given a request for an Adjournment Motion to discuss the floods in...
  • JetEtihad deal likely to be completed in August: sources August 7, 2013

    New Delhi: The JetEtihad deal is likely to be completed in August, sources said, adding the deal is expected to get a nod from Cabinet Committee of Economic Affairs soon. Etihad Airways is seeking regulatory approval for its planned Rs 2,058 crore stake in Jet Airways. As per the deal,...
  • Cabinet likely to review retail FDI policy July 30, 2013

    New Delhi: The Union Cabinet is likely to review foreign direct investment (FDI) in retail policy on Thursday, government sources have told CNBCTV18. The agenda also includes the review of multibrand retail FDI norms. No global retailer has moved so far to file applications with the Foreign Investment Promotion Board (FIPB)...
  • India @ 9 with Rajdeep Sardesai July 29, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • News 360: IAS officers rally behind Durga, Oppn says sand mafia pressured Akhilesh govt July 29, 2013

    The Uttar Pradesh government on Monday came under severe attack from the opposition, the IAS body and retired bureaucrats over suspension of IAS officer Durga Shakti Nagpal, who had cracked down on the sand mafia in Greater Noida. ...
  • FIPB clears Jet AirwaysEtihad Airways deal July 29, 2013

    New Delhi: The Foreign Investment Promotion Board (FIPB) on Monday cleared the Jet AirwaysEtihad Airways deal. Etihad Airways will acquire 24 per cent stake in Jet Airways, which will get Rs 2,058 crore via the sale. The reworked JetEtihad deal has reduced the number of Etihad directors on the new...
  • Telecom Commission approves 100 pc FDI in telecom sector July 2, 2013

    New Delhi: Interministerial body Telecom Commission on Tuesday gave its nod for raising foreign direct investment limit in the sector from 74 per cent to 100 per cent subject to Cabinet approval. "Telecom Commission has approved raising of FDI limit to 100 per cent from 74 per cent at present where...
  • Regulator bodies looking into concerns surrounding JetEtihad deal: Ajit Singh July 2, 2013

    New Delhi: Civil Aviation Minister Ajit Singh on Tuesday tried to play down the issues surrounding Jet Airways' deal with Abu Dhabibased Etihad and said the concerns raised on the deal are being addressed by the regulatory bodies. The Minister, who is in favour of Jet's planned 24 per cent stake...
  • JetEtihad deal: Corporate Affairs, Aviation Ministry raise concerns June 16, 2013

    New Delhi: Jet Airways and Etihad may have to rework the ownership structure proposed in the Rs 2,058 crore deal with key ministries including Civil Aviation and Corporate Affairs raising concerns over ultimate control of the domestic carrier. "Major concerns on ultimate control of Jet Airways post deal have been raised...
  • Telenor gets FIPB nod for hiking stake in Uninor June 14, 2013

    New Delhi: Government on Friday allowed Norwegian telecom firm Telenor to increase stake in its Indian arm from 49 per cent to 74 per cent at an estimated equity infusion of around Rs 934 crore. "Telenor proposal has been approved," Economic Affairs Secretary Arvind Mayaram said after the meeting of...
  • FIPB defers decision on Jet AirwaysEtihad deal June 14, 2013

    New Delhi: The Foreign Investment Promotion Board (FIPB) has deferred a decision on Gulf carrier Etihad Airways' planned 24 per cent stake buy in Jet Airways, the country's economic affairs secretary said on Friday. The board has sought more details on "effective control" and ownership, Arvind Mayaram said. After the FIPB,...
  • Govt clears 17 FDI proposals worth Rs 262.56 crore May 7, 2013

    New Delhi: The government on Tuesday said it has cleared 17 foreign direct investment proposals totalling Rs 262.56 crore, including that of SanofiSynthelabo (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. SanofiSynthelabo's proposal...
  • AirAsia incorporates Indian venture March 31, 2013

    New Delhi: Gearing up to launch services in partnership with Tatas, Malaysian lowcost 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 nongovernment company" with its registered...
  • Govt approves AirAsia's JV with Tata Group March 26, 2013

    New Delhi: 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. Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in...
  • AirAsia's proposal to set up airline with Tata gets approval March 6, 2013

    New Delhi: 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. Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India. The new airline, AirAsia India, will be...
  • Govt approves 12 FDI proposals of over Rs 802 cr December 26, 2012

    New Delhi: 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...