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.
Aashish Tater, Head of Research of Fortunewizard.com says long-term investor will be able to get at least Rs 575 on Jet Airways from next 12-15 months perspective.
The Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram, will also take up 28 other FDI proposals including that of Multi Commodity Exchange (MCX).
Dealers say inflation and industrial production data would also be key ahead of the Reserve Bank of India's policy review on June 17 for near-term direction.
The Foreign Investment Promotion Board (FIPB) cleared the proposal of ACME Solar Energy to bring in foreign investment worth Rs 275 crore, the Finance Ministry said in a statement.
The government today said it has approved 12 FDI proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore.
Planning Commission deputy chairman Montek Singh Ahluwalia today expressed hope that inter-ministerial differences would be sorted out paving the way for Tatas to set up airline company in collaboration with Malaysian budget carrier AirAsia.
Dismissing concerns over foreign investments in AirAsia, Commerce and Industry Minister Anand Sharma today said that FIPB took the decision of allowing FDI after careful scrutiny.
The finance ministry today cleared the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with Tata Group and another company. On the sideline of the development, Shereen Bhan spoke to Arun Bhatia of Telestra Tradeplace Pvt Ltd to get more insight on the development.
The Finance Ministry today cleared the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with Tata Group and another company.
A day before the FIPB meeting to look into AirAsia's proposed joint venture to launch a new airline here, the Aviation Ministry is understood to have opposed the plan saying the new FDI rules are meant for existing carriers only.
Even as things are still fluid on the Jet-Etihad deal front, the Foreign Investment Promotion Board (FIPB) will take up AirAsia's proposal to set up an airline in India tommorow.
The Finance Ministry will take up on March 6 for consideration an investment plan of Farnair Switzerland AG, an European cargo airline, along with 24 other proposals.
While everyone's attention has been focused on the Jet-Etihad FDI deal, the Tata Group has moved quietly to re-enter the Indian aviation space.
The Finance Ministry will consider tomorrow four FDI proposals in single brand retailing, including that of Decathlon and Fossil Inc, worth Rs 750 crore.
The Foreign Investment Promotion Board (FIPB) is likely to take up four proposals of global brands, including Decathlon and Fossil Inc, worth over Rs 750 crore for setting up single-brand retail stores in India during its next meeting scheduled on February 13.
The foreign investment promotion board (FIPB) has given its approval for IKEA's Rs 10,000 crore investment proposal.
Commerce and Industry Minister Anand Sharma expressed the hope that the FIPB would clear the Swedish furniture major IKEA's proposal to set up cafeterias at its single-brand retail outlets.
Swedish furniture major IKEA's proposal for setting up cafeterias at its retail outlets could be taken up in the next meeting of FIPB, which is likely to be held on January 21.
CNBC-TV18's economy editor Siddharth Zarabi, quoting sources, explains IKEA's 1.5-billion euro investment proposal was withdrawn from the FIPB‘s agenda on December 31, 2012 and a formal announcement in this regard was made on Tuesday through an official statement by the finance ministry
The government today cleared four FDI proposals totalling about Rs 1,287 crore, but Swedish furniture major IKEA's proposal for setting up cafeterias in retail outlets was not taken up for consideration.
The government today said it has approved 14 FDI proposals worth about Rs 1,311 crore including that of Hindustan Port Ltd.
The Finance Ministry is likely to reconsider on January 18 the proposal of Swedish furniture major IKEA for opening cafeterias at its proposed mega retail outlets.
Government is likely to clear IKEA's proposal to open cafeterias at its proposed mega retail outlets when the Foreign Investment Promotion Board (FIPB) reviews the Swedish furniture major's request tomorrow.
Swedish furniture retailer IKEA on Thursday said it wants the government to allow it to "retail its entire range of products", including opening of cafes in its stores in India, in the wake of FIPB approving only Rs 4,200 crore investment out of a proposed total of Rs 10,500 crore.