Foreign Investment Promotion Board (fipb)

The Foreign Investment Facilitation Portal (FIFP) was developed after the abolition of Foreign Investment Promotion Board (FIPB) in May 2017.

FIPB approves 4 FDI proposals worth 2,060 cr

Foreign Investment Promotion Board (FIPB) has approved four FDI proposals entailing investment of Rs 2,060 crore.

New FDI norms to help accelerate India expansion plans: LeEco

Chinese handset maker LeEco on June 20 said the government's move to relax FDI norms for foreign players in single-brand retail will help accelerate its expansion plans in the country

PM likely to chair meeting on FDI roadmap on Tuesday

The Prime Minister's Office has convened a meeting on June 21 to deliberate upon a roadmap for further easing FDI norms to attract more foreign investment.

FIPB clears 13 FDI proposals including that of Viom Networks

Telecom tower firm Viom Networks' Rs 5,900 crore FDI proposal was among the 13 projects, totalling Rs 6,500 crore, that the foreign investment promotion board (FIPB) cleared today.

Cabinet to decide on HDFC's stake sale in insurance JV

The FIPB has also deferred decision on four FDI proposals. These are Quantum Simulators (defence), Sharekhan Limited (NBFC), Tata Sikorsky Aerospace (defence), and Aviva Life Insurance Co India (insurance).

H&M plans to add four more stores in India this year

The company, which opened its first two stores in October last year in Delhi, will open four outlets one each in Mumbai, Bengaluru, Noida and Gurgaon. "H&M, Hennes & Mauritz AB has announced its first flagship store in Noida.

India heading for record FDI inflow, says DIPP Secy

The EY survey says India has emerged as the number one FDI destination in the world during the first half of 2015. With FDI capital inflows of US$30.8b, India has outpaced all other economies, moving up to the premier position from being in the fifth spot during the corresponding period of the previous year.

RBI expresses reservation over 100% FDI in private banks

The proposal to hike FDI limit in private sector banks was recently discussed at a meeting of officials from the ministries of Finance, Commerce and Industy and RBI. According to sources, RBI has expressed certain reservations over the proposal.

Novartis India gets FIPB nod to sell OTC biz to GSK CPL

The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing.

Max India`s Corporate Restructuring Plan Receives Formal Shareholder Approval

Max India shareholders support the demerger with an overwhelming majority of ...

Kotak Bank seeks FIPB nod to hike foreign holding to 55%

Foreign investors can acquire up to 49 percent stake in Indian lenders through automatic route, but beyond that requires the nod of FIPB, headed by the Economic Affairs Secretary in the Finance Ministry.

DIPP gives clarity on construction FDI norms

On minimum capitalisation, Department of Industrial Policy and Promotion (DIPP) has said that no new foreign direct investment (FDI) will be allowed if the minimum cap of USD 5 million is not achieved within six months.

CBI records Chidambaram's statement in Aircel-Maxis case

CBI sources said Chidambaram was recently asked to give a statement in connection with the case on the charge that the Finance Minister was competent for giving sanction only upto Rs 600 crore and the Aircel-Maxis deal was way above that limit.

6850 on Nifty likely; be cautious & buy on dips: Ajay Bodke

According to Ajay Bodke, Prabhudas Lilladher one should clearly watch out for the forthcoming events of the week that is the Crimean referendum on March 16 and IIP numbers that are slated to come out later in the week, which could be a disappointing for the month of January

Bad loans biggest challenge facing public sector banks: FM

Addressing a press conference after reviewing performance of PSU banks, he also said that credit disbursal to medium-sized industry has declined and was only "satisfactory" in the agricultural sector.

HDFC Bank at risk of being dropped from MSCI

HDFC Bank foreign holding was above the 49% market when the new guidelines were introduced. Over the last two quarters, foreign holding in HDFC Bank has slipped from over 51 percent to below 49 percent. Foreign holding in HDFC Bank included FIIs investments and ADRs listed in the US market.

Commerce Min seeks 49% FII, FDI cap in existing drug cos

Sources said the proposal is aimed at clarifying the level of overseas investment in the sensitive sector. It was earlier felt that foreign institutional investment (FII) could be over and above the FDI limit of 49 percent.

FIPB nod toTata-SIA JV will fuel growth: CAPA

thinks it is critical for other airlines like SpiceJet, GoAir etc to have such kind of joint-ventures so that they are well capitalised not only to finance their losses but also to have working capital.

Aviation reviving, but KFA flight uncertain: Ajit Singh

Union Minister of Aviation Ajit Singh says, the biggest positives for the aviation sector is marked by two landmark pacts - Tata-Singapore Airlines and Jet-Etihad deals.

Jet-Etihad deal: CVC may close complaints of irregularities

The Civil Aviation Ministry has submitted replies to the CVC on a series of allegations raised by Nishikant Dubey against the deal and clarified all concerns raised by him, official sources said.

Tata, SIA say airline to always remain under Indian control

The new venture, proposed to be called Tata SIA Airlines Ltd, would have Tata Sons as the majority partner with 51 percent stake, while Singapore Airlines would hold 49 percent stake with USD 49 million of foreign direct investment (FDI).

No rollback of pharma proposals cleared by FIPB on May 10

According to Finance ministry sources the proposals which were cleared by the FIPB on the 10th of May, will not be deferre

Jet seeks FIPB nod for selling stake to Etihad

Private carrier Jet Airways has sought approval of the Foreign Investment Promotion Board (FIPB) to sell 24 per cent stake in the company to Gulf carrier Etihad Airways, sources said.

FIPB clearance reflects govt investor friendly policies

Ratan Tata today said FIPB clearance to the airline venture between Malaysia's AirAsia, Tatas and another company reflects the Indian government's "true investor friendly policies" and such actions will reinforce confidence in the country.