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Cabinet to consider proposal to allow FDI in railways

Last Updated: Tuesday, January 07, 2014, 17:53

"DIPP has received the comments of the Home Ministry in which it has given in-principle approval to the proposal (to allow FDI in railways). Cabinet will take up the issue later this month," said an official source.

Next edition of consolidated FDI policy to come out on Mar 31

Last Updated: Monday, January 06, 2014, 15:25

The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated FDI policy document on March 31, incorporating changes made over the past year.

Pharma cos likely to post 15% profit growth in Q3 FY'14

Last Updated: Sunday, January 05, 2014, 15:20

Pharmaceutical companies are expected to post core profit growth of over 15 percent, year-on-year, for the quarter ended December 2013.

GlaxoSmithKline seeks FIPB nod to hike stake in Indian arm

Last Updated: Sunday, January 05, 2014, 13:24

UK-based drug major GlaxoSmithKline is knocking at the FIPB's doors to raise stake in its India arm by acquiring an additional 24.33 percent for around Rs 6,400 crore.

FDI in pharma sector jumps 86.5% during April-Oct period

Last Updated: Sunday, January 05, 2014, 11:13

FDI in the pharmaceutical sector jumped by 86.5 percent to USD 1.08 billion during April- October period of the current fiscal amid concerns over continuous mergers and acquisitions of domestic drug makers by multinationals.

Govt indicates further relaxation in FDI policy

Last Updated: Wednesday, January 01, 2014, 18:38

The government on Wednesday indicated further liberalisation of the FDI policy in the coming weeks to attract foreign investments into the country.

Govt clears four FDI proposals worth Rs 502 cr

Last Updated: Tuesday, December 31, 2013, 18:01

Four foreign direct investment proposals, including that of Mahle Holding India and HBO India, totalling Rs 502 crore have been cleared by the government.

FIPB nod will allow to work on setting up JV with Trent: Tesco

Last Updated: Monday, December 30, 2013, 19:29

The apporval by FIPB to the proposal to invest USD 110 million in the Indian multi-brand retail segment will allow to work on practicalities of setting up a joint venture with Tata group firm Trent, UK-based Tesco Plc said Monday.

FIPB clears Tesco, Vodafone investment proposals

Last Updated: Monday, December 30, 2013, 18:28

UK-based Tesco Plc became the first global retailer to get approval to enter country's multi-brand retail sector from the Foreign Investment Promotion Board that also Monday cleared Vodafone's Rs 10,141 crore plan to buy out minority shareholders in its India arm.

FIPB clears Tesco's $110 mn multi-brand retail proposal

Last Updated: Monday, December 30, 2013, 18:00

The Foreign Investment Promotion Board Monday approved UK-based Tesco Plc's proposal to enter the Indian multi-brand retail segment in joint venture with Tata Group company with an initial investment of USD 110 million (about Rs 680 crore).

Tesco Plc seeks govt nod for JV with Tatas, to invest $110 mn

Last Updated: Tuesday, December 17, 2013, 17:37

Tesco proposes to set up a 50-50 joint venture with its existing Indian partner Trent, a Tata group firm, to open retail stores in Bengaluru (Karnataka) and Kolhapur (Maharashtra).

FDI in services sector drops 62% during Apr-Oct 2013

Last Updated: Sunday, December 15, 2013, 12:25

According to industry experts, foreign investors are waiting for the new government.