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Foreign telcos will get 3 mnth to form Indian venture: Govt

Last Updated: Monday, September 17, 2012, 20:09

The government Monday said it will give three months time to foreign companies to form their Indian venture, with not more than 74 percent foreign equity, in case they win a licence to offer telecom services in the upcoming spectrum auction.

Foreign telcos will get 3 mnth to form Indian venture: Govt

Last Updated: Monday, September 17, 2012, 20:09

The government Monday said it will give three months time to foreign companies to form their Indian venture, with not more than 74 percent foreign equity, in case they win a licence to offer telecom services in the upcoming spectrum auction.

FDI inflows up 41% at $22.5 bn during Jan-Sep

Last Updated: Monday, November 21, 2011, 20:47

Foreign Direct Investment in India surged by 41 percent to USD 22.5 billion during the January-September period this year, notwithstanding uncertain global economic environment.

Industry Min wants to retain flexible foreign equity rules

Last Updated: Tuesday, October 18, 2011, 16:16

In a U-turn of sorts, the Industry Ministry has opined that an Indian promoter can issue equity to foreign investor with an inbuilt option to treat it like debt and withdraw at a pre-determined date.

RBI relaxes overseas borrowing norms for infra companies

Last Updated: Monday, September 26, 2011, 21:25

The Reserve Bank Monday relaxed norms for infrastructure companies with direct foreign equity up to 25 percent to raise fund overseas without government permission.