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'Commercial pact with Etihad not to override Jet board powers'

Last Updated: Wednesday, September 25, 2013, 19:13

Jet Airways and Etihad have submitted revised documents to the government seeking to allay the FIPB's concerns over control of their proposed venture, saying the commercial co-operation agreement (CCA) will not override powers vested with the company's board.

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

Last Updated: Thursday, September 19, 2013, 18:05

The FIPB approved raising the foreign equity holding in Axis Bank to 62 percent from 49 percent, subject to the condition that the holding of foreign institutional investors does not exceed 49 percent.