Foreign Investment Promotion Board

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

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

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.

Winding up FIPB to make ease of doing business better: Nirmala

Disbanding FIPB will further improve ease of doing business and the respective regulators of the ministries concerned are "sufficient" to take care of investment proposals, Commerce and Industry Minister Nirmala Sitharaman today said.

FIPB clears 6 FDI proposals worth Rs 1,187 cr

Of the total, Recipharm Participation BV of Netherlands alone will bring in investment of Rs 950 crore.

FIPB clears FDI proposals worth Rs 94 cr

The Board also cleared proposals of M/s Quintillion Business Media Pvt. Ltd and M/s BMJ Group lndia Pvt Ltd.

Big Basket seeks govt's approval for Rs 100 crore FDI

According to a company official, foreign investment of Rs 100 crore is sought to be put in by existing investors, including an overseas venture capital fund.

FIPB clears seven FDI proposals worth Rs 290 cr

Tikona Digital Networks' Rs 267-crore proposal to increase foreign equity to 76.73 percent through issuance of CCDs was approved by the government.

FIPB to consider 12 foreign investment proposals on August 2

Inter-ministerial body FIPB will consider 12 foreign investment proposals, including that of Financial Times, Reckitt Benckiser India, HSBC Securities and Capital Markets, on August 2.

Apple needs to apply afresh for opening retail stores

US technology giant Apple Inc will have to re-submit its application for opening single brand retail trade stores in the country and issues concerning cutting edge technology will be settled by the concerned administrative ministry, an official said

Relaxed FDI norms to boost manufacturing, generate jobs: Das

Manufacturing and job generation will get a boost by the latest round of liberalisation in Foreign Direct Investment (FDI) norms that include doing away with dual clearances, Economic Affairs Secretary Shaktikanta Das said on June 20

Govt weighs relaxing FDI norms in brownfield pharma cos

According to a proposal of the Finance Ministry, FDI up to 49 percent should be allowed through the automatic route and anything beyond through approval of the Foreign Investment Promotion Board (FIPB), sources said.

FinMin against relaxing 30% domestic sourcing norms for Apple

The company has sought exemption from the local sourcing norms as the US-based giant makes state-of-the-art and cutting-edge technology products for which local sourcing is not possible.

Apple can set up stores without sourcing waiver: FIPB

The FIPB has told Department of Industrial Policy and Promotion that there isn‘t enough material on record to justify the 'state-of-the-art tech' claim to exempt Apple from sourcing locally.

Govt to soon decide on Apple's single brand retail proposal

The company has sought exemption from the local sourcing norms as the US-based giant makes state-of-the-art and cutting edge technology products for which local sourcing is not possible.

CCEA to decide Axis Bank's Rs 12,973 cr fgn investment proposal

The proposal of Axis Bank to increase foreign investment by FIIs, NRIs, FPIs, ADRs or GDRs from 62 per cent to 74 per cent on a fully fungible basis was cleared by the FIPB in its April 29 meeting.

Swamy moves HC for suspension of AirAsia licence

BJP leader Subramanian Swamy on May 11 moved the Delhi High Court seeking "immediate suspension" of flying licence granted to airline AirAsia India alleging that it had obtained it through "fraud".

Max India gets FIPB nod for issuance of shares to foreign cos

Max India, formerly Taurus Ventures, today said it has got approval of the Foreign Investment Promotion Board (FIPB) for issuance of shares of the demerged entity to foreign shareholders.

'FIPB has sought Defence Min inputs on FDI in Agusta, Tata JV'

The Finance Ministry yesterday said that the Foreign Investment Promotion Board (FIPB) in its meeting on April 8 had deferred decision on the 'post-facto approval' sought by the JV, but did not give any reasons.

Govt defers approval to AgustaWestland FDI in Indian JV

Indian Rotorcraft, a joint venture of AgustaWestland (a Finmeccanica company) and Tata Sons for setting up an assembly line for the AW119Ke helicopter, had sought post-facto approval of the FIPB for increased FDI inflow of Rs 19.64 crore as against Rs 17.6 crore approved in September 2011.