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  • Delhi Court adjourns Aircel-Maxis case against P Chidambaram sine die Sep 06, 2019 11:24 AM IST

    Delhi Court adjourns Aircel-Maxis case against P Chidambaram sine die

    Special Judge O P Saini adjourned the matter without giving any date for further hearing, saying that the prosecution may approach the court as and when the probe is complete.

  • SFIO begins probe into Aircel on suspicion of siphoning funds Jun 13, 2018 05:56 PM IST

    SFIO begins probe into Aircel on suspicion of siphoning funds

    A source told Moneycontrol that the MCA’s Registrar of Companies had carried out an extensive investigation into these companies and found several instances of funds being siphoned off.

  • ED plans to register case over Mauritius firm's MCX exit Mar 27, 2018 12:04 PM IST

    ED plans to register case over Mauritius firm's MCX exit

    Alexandra Mauritius Ltd, one of the institutional investors in MCX, has been untraceable and failed to get FIPB approval even six years after it sold its stake in the company.

  • India raises concerns around Chinese firm Fosun's takeover of Gland: Source Aug 01, 2017 07:40 AM IST

    India raises concerns around Chinese firm Fosun's takeover of Gland: Source

    The deal has won the approval of the Competition Commission of India (CCI) and India's Foreign Investment Promotion Board (FIPB) in the last few months, but some in the government have expressed concerns, the source said, declining to be named.

  • Karti Chidambaram moves High Court against CBI summons Jul 21, 2017 03:23 PM IST

    Karti Chidambaram moves High Court against CBI summons

    When the petition came up for hearing today on the question of maintainability, Justice P Velmurugan, after hearing arguments by both sides, adjourned it to July 28 without passing any interim order.

  • Govt approves Amazon's proposal for FDI in food Jul 10, 2017 03:21 PM IST

    Govt approves Amazon's proposal for FDI in food

    The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now.

  • DIPP to soon release SOP for FDI proposal clearances Jun 08, 2017 12:03 PM IST

    DIPP to soon release SOP for FDI proposal clearances

    The Department of Industrial Policy and Promotion (DIPP) has prepared a draft SOP and is circulating it to different departments including the economic affairs for their views.

  • No one from my family could influence FIPB: P Chidambaram May 29, 2017 03:15 PM IST

    No one from my family could influence FIPB: P Chidambaram

    Rebutting allegations that his son Karti had influenced the decisions of the now-defunct Foreign Investment Promotion Board, Chidambaram said it was a "despicable slur" on the six secretaries of the government.

  • FIPB abolition to boost FDI inflow: CII May 25, 2017 07:45 AM IST

    FIPB abolition to boost FDI inflow: CII

    "The momentous initiative (scrapping of FIPB), which is a follow-up of the measure announced in the Union Budget, would streamline the process of FDI approvals, and thereby boost FDI flows into the country, adding to growth and employment," CII Director General Chandrajit Banerjee said.

  • Modi Government abolishes 25 year old FIPB; approves new mechanism for FDI proposals May 24, 2017 06:58 PM IST

    Modi Government abolishes 25 year old FIPB; approves new mechanism for FDI proposals

    The responsibility of handling FDI proposals will now be left only to a single ministry and the concerned sector regulator to hasten fund flows and ease procedures

  • Cabinet may put the final nails in FIPB coffin at meet on Wednesday May 16, 2017 10:31 PM IST

    Cabinet may put the final nails in FIPB coffin at meet on Wednesday

    The Foreign Investment Promotion Board could be scrapped with effect from next month, sources have told CNBC-TV18.

  • Have done no wrong, says Karti Chidambaram May 16, 2017 03:52 PM IST

    Have done no wrong, says Karti Chidambaram

    "They have not seized any documents and cannot prove any charges against me. I have not done anything wrong," Karti told reporters here, reacting to the CBI raids at several places linked to his father and him.

  • Three years of Modi: Today is the day of accountability for the corrupt, says Piyush Goyal May 16, 2017 03:10 PM IST

    Three years of Modi: Today is the day of accountability for the corrupt, says Piyush Goyal

    Union Minister Piyush Goyal rejected Chidambaram's charge that he was being targeted for his columns critical of the government and claimed that the issue was why beneficiaries of the Foreign Investment Promotion Board (FIPB) gave "money to firms owned by his son".

  • Centre targeting my son to silence my voice: P Chidambaram May 16, 2017 01:01 PM IST

    Centre targeting my son to silence my voice: P Chidambaram

    "All I will say is, I shall continue to speak and write," he said in a statement here as CBI today launched searches at several places linked to the former finance minister and his son Karti over alleged favours granted in foreign investment clearance to a firm, INX Media, in 2007.

  • RBI transfers divestment case in MCX to Enforcement Directorate May 09, 2017 01:30 PM IST

    RBI transfers divestment case in MCX to Enforcement Directorate

    Alexandra, one of the institutional investors in MCX, did not have the approval of the Foreign Investment Promotion Board (FIPB) to divest its stake in MCX, sources said.

  • Policy reforms to follow dissolution of FIPB board; ease foreign flows into country Apr 20, 2017 12:10 PM IST

    Policy reforms to follow dissolution of FIPB board; ease foreign flows into country

    The idea behind dissolution of FIPB is avoiding delays in clearances for foreign funds. More sectors on automatic route will help ease cash flow into the country.

  • Curtains coming down on FIPB, but new mechanism may need hand-holding Apr 11, 2017 03:43 PM IST

    Curtains coming down on FIPB, but new mechanism may need hand-holding

    DIPP is likely to be the key agency that will pilot foreign direct investment (FDI) approvals through a process of inter-ministerial consultation

  • FIPB to take up 8 investment proposals on April 17 meeting Apr 11, 2017 08:45 AM IST

    FIPB to take up 8 investment proposals on April 17 meeting

    The Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Shaktikanta Das, is scheduled to meet on April 17. As many as 8 proposals are on the agenda, the Finance Ministry said in a meeting notice.

  • Gave approval to Aircel-Maxis deal in normal course of biz: P Chidambaram Apr 04, 2017 12:17 PM IST

    Gave approval to Aircel-Maxis deal in normal course of biz: P Chidambaram

    "As FM, I granted approval in the normal course of business," he said in a statement. Chidambaram's remarks comes a day after the Supreme Court asked the CBI to file status report on the probe being carried out on various aspects of the Aircel-Maxis deal.

  • Aircel-Maxis case: SC asks CBI to file status report of probe Apr 03, 2017 05:23 PM IST

    Aircel-Maxis case: SC asks CBI to file status report of probe

  • PE investments down 50% in February; deals at 32-month low Mar 17, 2017 03:07 PM IST

    PE investments down 50% in February; deals at 32-month low

    According to assurance, tax and advisory firm Grant Thornton, there were 44 PE transactions last month worth USD 585 million, as against 97 deals worth USD 1.26 billion a year ago.

  • Government may announce new mechanism to replace FIPB soon Mar 15, 2017 05:00 PM IST

    Government may announce new mechanism to replace FIPB soon

    The government is moving ahead with its plan to wind up the Foreign Investment Promotion Board and it may announce a new mechanism to replace the FIPB, as early as April this year.

  • Curtains for FIPB soon as govt to ready new system in 2-3 weeks Mar 07, 2017 10:37 AM IST

    Curtains for FIPB soon as govt to ready new system in 2-3 weeks

    FM Arun Jaitley had announced in the budget for 2017-18 the government‘s intent to replace FIPB with a new system to ease FDI rules and remove procedural delays

  • RBI to consult Finance Ministry over Tata-NTT DoCoMo settlement Mar 06, 2017 02:41 PM IST

    RBI to consult Finance Ministry over Tata-NTT DoCoMo settlement

    RBI remains opposed to the payout under the existing structure. RBI said the existing clause in the joint venture agreement was illegal, something which Tata Sons denies. RBI said a fixed rate of return for exit from the joint venture makes it illegal.

  • EXCLUSIVE: FDI norms may be eased for multi-brand retail, commodity markets Feb 28, 2017 01:42 PM IST

    EXCLUSIVE: FDI norms may be eased for multi-brand retail, commodity markets

    As reported in Moneycontrol on Monday, the government may allow limited sale of beauty and personal care products in global giants' food retail outlets as part of plans to ease rules for multinationals to open stores in the country.

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