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HDFC Bank may not get FIPB nod for overseas stake proposal

HDFC Bank may not get FIPB nod for overseas stake proposal

Last Updated: Tuesday, April 22, 2014, 20:44

HDFC Bank is unlikely to get FIPB approval for its proposal to raise the overseas shareholding limit as it might breach the sectoral FDI cap.

Nod to HDFC Bank to raise fgn investment limit may be delayed

Last Updated: Wednesday, April 09, 2014, 14:13

The government's approval to the proposal of HDFC Bank for raising overseas shareholding limit to 67.55 percent may get delayed as Commerce and Industry Ministry is scrutinising all foreign investments made in the bank.

L&T shares gain after FIPB approves unit's FDI proposal

Last Updated: Monday, February 24, 2014, 18:36

L&T shares climbed 2.85 percent to Rs 1081.60 at the close on the BSE after rising to Rs 1,085.90.

Nine foreign investment proposals worth Rs 798.73 cr approved

Last Updated: Sunday, February 09, 2014, 15:57

The Ministry said it approved the nine proposals following recommendations of the Foreign Investment Promotion Board (FIPB).

FIPB to take up HDFC Bank plan to hike overseas stake on Feb 3

Last Updated: Tuesday, January 21, 2014, 15:34

The Foreign Investment Promotion Board (FIPB) will consider a proposal by HDFC Bank to increase the overseas shareholding limit on February 3.

Home Ministry vetting names of top bosses of Tata-Singapore airlines

Last Updated: Tuesday, January 14, 2014, 15:01

Tata-SIA have applied to the Civil Aviation Ministry for a NOC to start a full-service airline in India.

FIPB to decide Monday on GlaxoSmithKline, pharma FDI proposals

Last Updated: Sunday, January 12, 2014, 14:59

The acquisition would result in foreign exchange inflows to the tune of Rs 6,400 crore, they added.

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.

'Vodafone payment to Analjit Singh consistent with agreement'

Last Updated: Tuesday, December 31, 2013, 17:35

A day after FIPB cleared Vodafone plc buying out minority stakeholders for Rs 10,141 crore in its India arm, Vodafone India's Non Executive Chairman Analjit Singh Tuesday said payments being made to him were consistent with agreement he had signed with the British telecom giant.

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).