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FIPB APPROVAL
Global turmoil tests India’s resilience; time for a strategic economic pivotIndia faces economic challenges due to global events. Prime Minister Modi urges careful resource use. The nation must boost foreign investm...- FIPB red-flagged issues in 6 cases, not INX: AgenciesFIPB unit ignored irregularities in INX Media case but red-flagged similar irregularities in half a dozen cases, said Agencies. The Unit wa...
- Violations in INX Media deal not brought to notice of FIPB: D Subbarao told EDThe deal is being probed by the ED and the CBI on charges of alleged money laundering and corruption respectively.
- ‘Misled’ in INX case, former FIPB members tell CBIThe INX Media case is at the heart of corruption allegations against Karti Chidambaram, son of former finance minister P Chidambaram.
- INX Media & Aircel-Maxis: Long legal battle awaits ChidambaramsIn April last year, the CBI had informed the Supreme Court that it was probing Chidambaram's role in the alleged irregularities in grant of...
- ED raids Karti Chidambaram's premises in Delhi, ChennaiThe ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by the then finance minister P Chidambaram.
- FIPB to take up Axis Bank, 13 other FDI proposalsInvestments in sectors that are not under the automatic route require FIPB approval. Currently 98 per cent FDI into India comes through aut...
- FIPB approves 6 FDI proposals worth Rs 1,900 croreInter-ministerial body FIPB today cleared six foreign investment proposals, including that of IIFL Holdings, and Sharekhan worth about Rs 1...
- Hathway gets FIPB nod to hike investment limit to 74%Raheja Group-promoted Hathway Cable and Datacom has received FIPB approval to increase foreign investment limit in the firm from the existi...
- Aircel-Maxis Deal: P Chidamabaram records statement with CBI“CBI took a brief statement from me on the FIPB approval. I repeated what I said in my press statement earlier. Nothing more than that,” Ch...
- Uninor to invest Rs 600 crore towards capex in current yearTelenor is about to receive an FIPB approval for increasing the stake from 74 per cent to 100 per cent in Uninor, he said.
- CBI to look into Foreign Investment Promotion Board's approval of Aircel- Maxis dealOfficials confirmed that CBI would look into FIPB approval given to Aircel Maxis deal in which allegations of coercion and bribery have sur...
- FIPB clears Axis Bank's proposal to raise FDI limit beyond 49%FIPB approved raising the foreign equity holding in Axis Bank to 62% from 49%, subject to the condition that the holding of FIIs does not e...
- Zenotech promoter challenges FIPB nod to Daiichi SankyoThe minority shareholders led by founder promoters of Zenotech Labs have moved the Andhra Pradesh High Court challenging the validity of fo...
- RBI liberalises FDI rules to woo foreign investorsThe liberalisation would help the entire financial services sector, including the non-banking finance companies.
- Sistema-Shyam gets FIPB nod for NLD licencesSSTL had applied for FIPB approval in December last year, since the nod is a pre-requisite to get a NLD license from Department of Telecom.
- DoT asks Sistema to get FIPB nod for armThe DoT has asked Sistema Shyam Teleservices to seek fresh approval for its wholly-owned subsidiary Shyam Internet Services, an internet se...
- Regulatory hurdles in downstream investments in automatic sectorA sudden rise in the number of such cases is not merely a coincidence-it is a fallout of the recent stance of the FIPB.
- Warrants to MNCs on auto FDI route can bypass FIPBDaiichi Sankyo, which recently agreed to acquire Ranbaxy, may not need to wait for an approval from the Foreign Investment Promotion Board ...
- BT re-submits STD/ISD applicationsDoT clarified it was not rejecting any application of the company for procedural mistakes before giving an opportunity to correct it.
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