Fipb

  • Government approves eight FDI proposals worth Rs 1,024 crore 23-02-2014 11:39 AM

    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...
  • FIPB approves Tesco's $110 million investment plan 30-12-2013 06:24 PM

    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 third-largest 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...
  • FIPB approves Vodafone proposal to raise stake in India 30-12-2013 05:50 PM

    UK-based 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,...
  • H&M gets govt nod to invest $115 million in India 02-12-2013 10:47 PM

    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...
  • FIPB clears Tata, Westland proposal to assemble choppers 10-11-2013 02:52 PM

    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...
  • SC notices to Centre, others on plea against Jet-Etihad deal 08-10-2013 02:33 PM

    The Supreme Court on Tuesday sought response from the Centre on a petition filed by BJP leader Subramanian Swamy seeking a stay on the Jet-Etihad 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...
  • Vodafone plans $2 billion investment to raise stake in India unit: Report 08-10-2013 08:19 AM

    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...
  • Union Cabinet clears Jet-Etihad stake sale deal 04-10-2013 08:45 AM

    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 Dhabi-based Etihad, days after the Rs 2,058 crore deal got regulatory clearances. "Yes, it has been cleared," said Civil Aviation...
  • Jet-Etihad deal to come up for clearance in Cabinet today 03-10-2013 02:08 PM

    New Delhi: The Jet-Etihad 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,...
  • MPs concerned over plight of farmers in flood-hit areas 06-09-2013 03:10 PM

    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...
  • Jet-Etihad deal likely to be completed in August: sources 07-08-2013 09:51 PM

    New Delhi: The Jet-Etihad 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 30-07-2013 01:54 PM

    New Delhi: The Union Cabinet is likely to review foreign direct investment (FDI) in retail policy on Thursday, government sources have told CNBC-TV18. The agenda also includes the review of multi-brand retail FDI norms. No global retailer has moved so far to file applications with the Foreign Investment Promotion Board...
  • India @ 9 with Rajdeep Sardesai 29-07-2013 11:57 PM

    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 29-07-2013 09:28 PM

    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 Airways-Etihad Airways deal 29-07-2013 04:20 PM

    New Delhi: The Foreign Investment Promotion Board (FIPB) on Monday cleared the Jet Airways-Etihad 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 Jet-Etihad deal has reduced the number of Etihad directors on the new...
  • Telecom Commission approves 100 pc FDI in telecom sector 02-07-2013 07:37 PM

    New Delhi: Inter-ministerial 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...
  • Regulator bodies looking into concerns surrounding Jet-Etihad deal: Ajit Singh 02-07-2013 11:51 AM

    New Delhi: Civil Aviation Minister Ajit Singh on Tuesday tried to play down the issues surrounding Jet Airways' deal with Abu Dhabi-based 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...
  • Jet-Etihad deal: Corporate Affairs, Aviation Ministry raise concerns 16-06-2013 11:35 AM

    New Delhi: Jet Airways and Etihad may have to re-work 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...
  • Telenor gets FIPB nod for hiking stake in Uninor 14-06-2013 09:38 PM

    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 Airways-Etihad deal 14-06-2013 04:55 PM

    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...
  • Govt clears 17 FDI proposals worth Rs 262.56 crore 07-05-2013 08:55 PM

    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...
  • AirAsia incorporates Indian venture 31-03-2013 12:10 PM

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  • Govt clears IKEA's proposal to invest in single-brand retail 20-11-2012 06:06 PM

    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...
  • Govt objects to Etisalat's links with Pakistan 01-12-2010 01:09 PM

    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...
  • Govt approves 13 FDIs of Rs 477 crore 09-04-2007 09:23 PM

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  • Vodafone gets a clean chit by DoT 04-04-2007 11:42 AM

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