Fipb Approval

The Delhi High Court today directed former finance minister P Chidambaram, arrested in the INX Media corruption case, to file an affidavit disclosing the source of certain government documents, relating to FIPB approval granted to the company.

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

In the sensitive sectors like defence and telecom, companies having licences can only seek foreign investments.

Finance Minister Arun Jaitley in his Budget 2017-18 announced abolishing FIPB saying 90 per cent of the foreign investment approvals are via automatic route and only 10 per cent go to the board.

Finance Minister Arun Jaitley in his Budget for financial year 2017-18 announced abolishing FIPB saying 90 per cent of the foreign investment approvals are via the automatic route and only 10 per cent go to the Board.

An inter-ministerial panel on Monday approved 11 proposals entailing a foreign direct investment (FDI) inflow of over Rs 2,300 crore.

Inter-ministerial body FIPB has referred the Rs 3,400-crore foreign investment proposal of Holcim (India) to the Cabinet Committee on Economic Affairs for approval, while deferred the decision on Vodafone's application for acquisition of You Broadband India.

As many as six private insurers have received approval of the Foreign Investment Promotion Board (FIPB) for investment proposals worth Rs 2,566 crore till February after the government increased FDI cap in the sector to 49 per cent from 26 per cent.

"We are hopeful that in the next two-three months, we should get it," LeEco India Smart Electronics Business Chief Operating Officer Atul Jain said.

The Finance Ministry on Saturday said 98 per cent of foreign direct investment (FDI) is coming into India through the automatic route and as a "positive sign" the number of applications being routed via the Foreign Investment Promotion Board (FIPB) approval route has started declining.

Japanese insurer Nippon Life Insurance, Tata AIA and Aviva Life were among the 15 companies whose foreign direct investment proposals totalling Rs 7,262 crore have been approved by the FIPB.

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 on Friday.

The Foreign Investment Promotion Board (FIPB) has approved seven foreign direct investment (FDI) proposals worth Rs 5,240 crore including those of India Advantage S4 I, L&T Finance Holdings and Strugence Debt Fund.

IIFL group Chairman Nirmal Jain has said the completion of the open offer from Prem Watsa-owned Fairfax Holdings, for which the Canadian NRI investor has got the FIPB approval today, will not lead to any change in management of the financial services group.

With an aim to expedite its foreign direct investment (FDI) clearance process, the government on Tuesday enhanced the Foreign Investment Promotion Board's monetary limit to approve proposals of up to Rs 5,000 crore.

The Delhi High Court today directed former finance minister P Chidambaram, arrested in the INX Media corruption case, to file an affidavit disclosing the source of certain government documents, relating to FIPB approval granted to the company.

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

In the sensitive sectors like defence and telecom, companies having licences can only seek foreign investments.

Finance Minister Arun Jaitley in his Budget 2017-18 announced abolishing FIPB saying 90 per cent of the foreign investment approvals are via automatic route and only 10 per cent go to the board.

Finance Minister Arun Jaitley in his Budget for financial year 2017-18 announced abolishing FIPB saying 90 per cent of the foreign investment approvals are via the automatic route and only 10 per cent go to the Board.

An inter-ministerial panel on Monday approved 11 proposals entailing a foreign direct investment (FDI) inflow of over Rs 2,300 crore.

Inter-ministerial body FIPB has referred the Rs 3,400-crore foreign investment proposal of Holcim (India) to the Cabinet Committee on Economic Affairs for approval, while deferred the decision on Vodafone's application for acquisition of You Broadband India.

As many as six private insurers have received approval of the Foreign Investment Promotion Board (FIPB) for investment proposals worth Rs 2,566 crore till February after the government increased FDI cap in the sector to 49 per cent from 26 per cent.

"We are hopeful that in the next two-three months, we should get it," LeEco India Smart Electronics Business Chief Operating Officer Atul Jain said.

The Finance Ministry on Saturday said 98 per cent of foreign direct investment (FDI) is coming into India through the automatic route and as a "positive sign" the number of applications being routed via the Foreign Investment Promotion Board (FIPB) approval route has started declining.

Japanese insurer Nippon Life Insurance, Tata AIA and Aviva Life were among the 15 companies whose foreign direct investment proposals totalling Rs 7,262 crore have been approved by the FIPB.

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 on Friday.

The Foreign Investment Promotion Board (FIPB) has approved seven foreign direct investment (FDI) proposals worth Rs 5,240 crore including those of India Advantage S4 I, L&T Finance Holdings and Strugence Debt Fund.

IIFL group Chairman Nirmal Jain has said the completion of the open offer from Prem Watsa-owned Fairfax Holdings, for which the Canadian NRI investor has got the FIPB approval today, will not lead to any change in management of the financial services group.

With an aim to expedite its foreign direct investment (FDI) clearance process, the government on Tuesday enhanced the Foreign Investment Promotion Board's monetary limit to approve proposals of up to Rs 5,000 crore.