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Govt clears 19 FDI proposals entailing Rs 2,327 cr investment

The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore. "Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on ...

Defence ministry suggests 49% FDI in defence sector

The defence ministry has suggested raising the cap in FDI in defence sector to 49 per cent from 26 per cent now to help in developing partnerships between Indian and foreign military hardware manufacturing firms. The ministry is in favour ...

Govt clears 15 FDI proposals worth Rs 2,000.50 crore

New Delhi: The Finance Ministry on Friday said it has approved 15 foreign investment proposals totalling Rs 2,000.5 crore and recommended two FDI applications, including that of US drug major Mylan, for final Cabinet clearance. The 15 proposals were cleared ...

FIPB clears Axis Bank's proposal to raise FDI limit to 62%

New Delhi: The Foreign Investment Promotion Board (FIPB) Thursday approved a proposal of Axis Bank to increase the limit on overseas holdings in the lender to more than 49 percent. The proposal was cleared at an FIPB meeting chaired by ...

FIPB clears 16 FDI proposals worth Rs 1,647 crore

The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore, while deferring Punj Lloyd's proposals for lack of security clearance. "Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on May ...