fipb

Unitech opposes Uninor’s proposed rights issue


July 25th, 2012 - 10:37 pm ICT by IANS
New Delhi, July 25 (IANS) India-based Unitech has opposed its telecom partner Telenor's proposal to raise Rs.1,200 crore through a rights issue for meeting operational expenses.The company has claimed that ... Read more...

Posted in Business |

Government to set up board for project clearance


July 19th, 2012 - 6:42 pm ICT by IANS
New Delhi, July 19 (IANS) The government will soon set up a board to review and give one-time clearance for projects, including security clearance, the Prime Minister's Office said Thursday.The ... Read more...

Posted in Business |

Will file complaint on Aircel-Marxis deal, Swamy tells court


May 26th, 2012 - 6:54 pm ICT by IANS
New Delhi, May 26 (IANS) Janata Party chief Subramanian Swamy Saturday told a special court hearing the 2G spectrum allocation case that he wanted to file an additional private ... Read more...

Posted in Uncategorized |

Aircel-Maxis deal: Government denies wrongdoing (Lead)


May 14th, 2012 - 7:31 pm ICT by IANS
New Delhi, May 14 (IANS) Amidst allegations from opposition over Home Minister P. Chidambaram's involvement in the 2006 Aircel-Maxis telecom deal, the government Monday denied any wrongdoing in ... Read more...

Posted in Politics |

No equity in any telecom firm: Chidambaram


May 14th, 2012 - 4:26 pm ICT by IANS
New Delhi, May 14 (IANS) Stating that neither he or his family had any connection with Aircel or any other telecom company, an emotional Home Minister P. Chidambaram Monday ... Read more...

Posted in Business |

India clears 22 FDI proposals worth $112.5 million


April 20th, 2012 - 4:33 pm ICT by IANS
New Delhi, April 20 (IANS) The Indian government Friday approved 22 foreign direct investment (FDI) proposals amounting to Rs.586.137 crore ($112.5 million).The proposals were cleared following recommendations of the Foreign ... Read more...

Posted in Business |

Telenor moves company law board to protect India investment


February 27th, 2012 - 8:07 pm ICT by IANS
New Delhi, Feb 27 (IANS) Oslo-based Telenor Group has moved the company law board to secure its investments in India following the Supreme Court order to cancel all the 22 ... Read more...

Posted in World |

Telenor to form new company for India operations


February 21st, 2012 - 11:21 pm ICT by IANS
New Delhi, Feb 21 (IANS) Norway-based Telenor Group Tuesday said it intends to form a new company through which it would carry on its mobile business in India and participate ... Read more...

Posted in Business |

India clears 20 FDI proposals worth $373 million


January 10th, 2012 - 7:20 pm ICT by IANS
New Delhi, Jan 10 (IANS) The Indian government Tuesday approved 20 foreign direct investment (FDI) proposals, including those of Sterlite Grid and TV Vision, amounting Rs.1,935.24 crore ($373 million), to ... Read more...

Posted in Business |

Automatic approval to FDI in greenfield pharma projects to continue: RBI


December 12th, 2011 - 6:49 pm ICT by IANS
New Delhi, Dec 12 (IANS) The Reserve Bank of India (RBI) will continue to allow overseas capital up to 100 percent in greenfield pharmaceutical projects through the automatic route, but ... Read more...

Posted in Uncategorized |

Mahindra-Telephonics plan JV for radars, surveillance systems


November 17th, 2011 - 5:20 pm ICT by IANS
New Delhi, Nov 17 (IANS) Indian transport vehicles major Mahindra and Mahindra Thursday announced a joint venture with US aviation communications equipment major Telephonics Corporation to produce radars, surveillance systems, ... Read more...

Posted in Sci-Tech |

Competition check for FDI in pharma will help consumers: CUTS


October 11th, 2011 - 6:26 pm ICT by IANS
New Delhi, Oct 11 (IANS) The government's decision to keep a check on the flow of foreign direct investment (FDI) and mergers and acquisitions in pharmaceutical sector will benefit ... Read more...

Posted in Business |

Foreign investment in pharma to face competition check


October 11th, 2011 - 3:09 pm ICT by IANS
New Delhi, Oct 11 (IANS) India will continue to allow 100 percent foreign direct investment in the pharmaceutical sector but the competition watchdog will keep a check on the ... Read more...

Posted in Business |

Rs.5,434.5 crore FDI in telecom sector


August 24th, 2011 - 10:32 pm ICT by IANS
New Delhi, Aug 24 (IANS) The telecom sector has witnessed an inflow of Rs.5,434.5 crore (Rs.54.3 billion/approx $1.118 bn) in foreign direct investment (FDI) during the current financial year (2011-12), ... Read more...

Posted in Business |

16 FDI proposals worth over $20 million accepted


June 7th, 2011 - 8:34 pm ICT by IANS
New Delhi, June 7 (IANS) The Indian government has approved 16 foreign direct investment (FDI) proposals worth Rs.923.55 crore ($20.68 million), mostly in road and highway construction, industrial finance and ... Read more...

Posted in Business |

Hero Group arranges funds to acquire Hero Honda stakes


March 8th, 2011 - 5:11 pm ICT by IANS
New Delhi/Mumbai, March 8 (IANS) Indian conglomerate Hero Group Tuesday said it has arranged the required finance to acquire the 26 percent stake of Honda Motor of Japan in their ... Read more...

Posted in Business |

Draft norms for merger of non-life insurers announced


February 10th, 2011 - 12:16 am ICT by IANS
Chennai, Feb 9 (IANS) The Insurance Regulatory and Development Authority (IRDA) Wednesday announced the draft norms for amalgamation of general or non-life insurance companies.According to the IRDA, the draft norms were necessitated ... Read more...

Posted in Business |

2G scam: Telecom company official’s plea disallowed


February 7th, 2011 - 10:21 pm ICT by IANS
New Delhi, Feb 7 (IANS) The Delhi High Court Monday disallowed a plea for speedy disposal of a petition filed by an official of a telecom company, facing probe in the 2G ... Read more...

Posted in Business |

Govt okays 19 FDI proposals worth $959 million (Lead)


January 13th, 2011 - 7:19 pm ICT by IANS
New Delhi, Jan 13 (IANS) The government has approved 19 foreign direct investment (FDI) proposals worth Rs.4,340.77 crore ($959.44 million), mostly in steel, heavy industries and postal services. The Foreign Investment Promotion ... Read more...

Posted in Business |

Government okays FDI proposals worth Rs.4,341 crore


January 13th, 2011 - 6:27 pm ICT by IANS
New Delhi, Jan 13 (IANS) The government has approved 19 foreign direct investment (FDI) proposals worth Rs.4,340.77 crore (Rs.43.40 billion) from groups such as Tata Steel, Future Ventures and Hindalco Industries. The ... Read more...

Posted in Business |

Eight FDI proposals approved


December 15th, 2010 - 12:28 am ICT by IANS
Chennai, Dec 14 (IANS) India's Foreign Investment Promotion Board (FIPB) has approved eight foreign direct investment (FDI) proposals totalling around Rs.883 crore (Rs.8.83 bn/over $195 mn approx), a government release said Tuesday. ... Read more...

Posted in Business |

Jet sends clarification on the QIP issue to government


October 27th, 2010 - 7:21 pm ICT by IANS
New Delhi , Oct 27 (IANS) Jet Airways Wednesday said it has clarified to the government about its plans to raise $400 million through qualified institutional placement (QIP)."We have sent a ... Read more...

Posted in Business |

TRAI 2G pricing norms by October-end (Lead)


October 19th, 2010 - 4:50 pm ICT by IANS
New Delhi, Oct 19 (IANS) The telecom regulator would come out with new pricing norms for 2G (second generation) spectrum by this month-end, Telecom Regulatory Authority of India (TRAI) Chairman J.S. Sarma ... Read more...

Posted in Business |

BSNL ready for mobile number portability


September 10th, 2010 - 6:10 pm ICT by IANS
New Delhi, Sep 10 (IANS) State-owned Bharat Sanchar Nigam Limited (BSNL) Friday said it is ready with the infrastructure to start mobile number portability (MNP) by the scheduled Oct 31 deadline. MNP ... Read more...

Posted in Business |

Sistema Shyam to decide on IPO by year-end


September 6th, 2010 - 7:20 pm ICT by IANS
New Delhi, Sep 6 (IANS) Sistema Shyam Teleservices Ltd (SSTL) Monday said it will decide on an initial public offering (IPO) by the year-end or the beginning of the next year. "Technical ... Read more...

Posted in Business |

Income Tax sleuths reach KKR’s office for a detailed check


April 21st, 2010 - 8:19 pm ICT by ANI
Kolkata, Apr 21 (ANI): The Income Tax Department sleuths have reached the office of the Indian Premier League (IPL) team Kolkata Knight Riders (KKR) located within the Cricket Association of Bengal ... Read more...

Posted in National |

ED files case against IPL teams for FEMA violation


April 21st, 2010 - 2:18 pm ICT by ANI
Mumbai, Apr 21 (ANI): The Enforcement Department (ED) has filed a report against all eight Indian Premier League (IPL) teams for violation of key sections of the Foreign Exchange Management Act (FEMA). ... Read more...

Posted in National |

CCEA reviews list of cases requiring prior approval for FDI


February 11th, 2010 - 7:21 pm ICT by ANI
New Delhi, Feb 11 (ANI): The Cabinet Committee on Economic Affairs on Thursday approved a proposal of the Commerce and Industry Ministry to review the policy on cases requiring prior government approval ... Read more...

Posted in National |

Finance minister can approve bigger foreign direct investments now


February 11th, 2010 - 2:43 pm ICT by IANS
New Delhi, Feb 11 (IANS) The finance minister can now approve foreign direct investment (FDI) proposals up to Rs.1,200 crore (Rs.12 billion/$), and only bigger proposals will have to go to ... Read more...

Posted in Business |

Foreign investment proposals worth Rs.4,550 cr approved


December 1st, 2009 - 7:39 pm ICT by IANS
New Delhi, Dec 1 (IANS) The government has approved 17 foreign investment proposals worth approximately Rs.4,550 crore, it said here Tuesday. "Based on the recommendations of Foreign Investment Promotion Board (FIPB) in ... Read more...

Posted in Business |

Foreign investment proposals worth Rs.1,361 crore cleared


October 22nd, 2009 - 9:23 pm ICT by IANS
New Delhi, Oct 22 (IANS) The government has approved 26 foreign investment proposals worth Rs.1,361 crore, it said here Thursday. "Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its ... Read more...

Posted in Business |

Government okays 13 foreign investment proposals


September 23rd, 2009 - 8:05 pm ICT by IANS
New Delhi, Sep 23 (IANS) The government has approved 13 foreign investment proposals worth Rs.393.62 crore, including Sterlite Technologies' plan to issue and allot warrants valued at Rs.103.95 crore on preferential basis, ... Read more...

Posted in Business |

Government approves 10 foreign investment proposals


August 18th, 2009 - 10:28 pm ICT by IANS
New Delhi, Aug 18 (IANS) The government Tuesday cleared 10 foreign direct investment (FDI) proposals worth Rs.1,123 crore ($230.5 billion), including one by DishTV to raise Rs.750 crore through convertible bonds. ... Read more...

Posted in Business |

Foreign investment proposals worth Rs.892 crore cleared


July 17th, 2009 - 8:37 pm ICT by IANS
New Delhi, July 17 (IANS) The government Friday cleared 16 foreign direct investment (FDI) proposals valued at Rs.891.71 crore, the bulk of them for by a power project, the government said Friday. The ... Read more...

Posted in Business |

India Welcomes FDI from Bangladesh


April 9th, 2009 - 8:31 pm ICT by ANI
London, Apr.9 (ANI): The recent liberalisation of RBI removing the ban on Foreign Direct Investment (FDI) from Bangladesh may lead towards a stable and secure trade relation between India and Bangladesh. India's ... Read more...

Posted in South Asia |

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