Foreign Investment Promotion Board

INX media case: Delhi court sends Karti Chidambaram to 5-day CBI custody

INX media case: Delhi court sends Karti Chidambaram to 5-day CBI custody

In a dramatic development in the INX Media case, Karti Chidambaram was arrested by the CBI from Chennai airport on Wednesday on his return from abroad. 

Mar 01, 2018, 18:38 PM IST
Aircel-Maxis case: ED conducts raids in Chennai, Kolkata

Aircel-Maxis case: ED conducts raids in Chennai, Kolkata

The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by P Chidambaram.

Dec 01, 2017, 12:43 PM IST
Chinese smartphones maker Oppo cleared to open own stores in India

Chinese smartphones maker Oppo cleared to open own stores in India

The move would help Oppo expand its reach in the world`s third-largest smartphones market, where global giants such as Apple Inc have been trying to gain a foothold.

Oct 04, 2017, 12:14 PM IST
INX Media case: CBI questions Chidambaram's son Karti for second time

INX Media case: CBI questions Chidambaram's son Karti for second time

The CBI on Monday questioned former minister P Chidambaram's son Karti for the second time in a corruption case of alleged clearance given to a media group owned by Peter Mukerjea and his wife Indrani for bringing foreign funds into their venture, CBI sources said.

Aug 28, 2017, 16:17 PM IST
Chidambaram asks why six FIPB secretaries not named as accused

Chidambaram asks why six FIPB secretaries not named as accused

The case involves his son Karti.

Aug 05, 2017, 11:35 AM IST

Govt to soon clear Amazon's FDI in food retail: Badal

The government will soon clear the US retail giant Amazon's proposed USD 500 million investment in retail of food products in India, Food Processing Minister Harsimrat Kaur Badal said.

Jun 13, 2017, 15:47 PM IST
Amazon likely to get soon official nod for FDI in food retail

Amazon likely to get soon official nod for FDI in food retail

US retail giant Amazon's proposed USD 500 million investment in retail of food products in India would soon get official nod, an official said.

Jun 08, 2017, 18:26 PM IST

Govt doesn't believe in revenge politics: Union Law Minister Ravi Shankar Prasad to Chidambaram

Union Law Minister Ravi Shankar Prasad on Monday hit back at former finance minister P Chidambaram for saying that the Centre has been targeting his son Karti over money laundering case, stating that the government does not believe in revenge politics and has been working honestly.

May 29, 2017, 17:56 PM IST
Cabinet approves abolition of 25-year-old Foreign Investment Promotion Board

Cabinet approves abolition of 25-year-old Foreign Investment Promotion Board

The FIPB was initially constituted under the Prime Minister's Office in the wake of economic liberalisation in the early 1990s.

May 24, 2017, 18:33 PM IST

FIPB abolition in final stages: Jaitley

FIPB was initially constituted under the Prime Minister's Office in the wake of economic liberalisation in the early 1990s.

Apr 28, 2017, 13:34 PM IST
RBI to frame standard procedure for FDI approvals post FIPB

RBI to frame standard procedure for FDI approvals post FIPB

The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out FIPB.

Feb 26, 2017, 17:29 PM IST

Give evidence to back allegation against Chidambaram in Aircel-Maxis deal: SC to Swamy

The Supreme Court on Friday asked BJP leader Subramanian Swamy to place before it concrete evidence backing his plea for probe into the role of then Finance Minister P. Chidambaram into alleged breach of norms committed by the Foreign Investment Promotion Board (FIPB) in approving the Aircel-Maxis deal in 2006.

Feb 10, 2017, 22:26 PM IST

Government clears 11 FDI proposals worth Rs 2,325 crore

An inter-ministerial panel today approved 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore.

Sep 26, 2016, 19:05 PM IST
FIPB to take up 15 foreign investment proposals on Sep 26

FIPB to take up 15 foreign investment proposals on Sep 26

 FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.

Sep 18, 2016, 11:40 AM IST

LeEco seeks FIPB nod for single-brand retail stores

Chinese device maker LeEco Monday said it has filed an application with the FIPB for opening single-brand retail stores to sell its electronic products.

Apr 18, 2016, 21:28 PM IST

FIPB clears 10 FDI proposals worth Rs 505 crore

An inter-minister panel today cleared 10 foreign direct investment (FDI) proposals worth Rs 505 crore, including that of Singapore-based Helix Investment.

Apr 08, 2016, 20:21 PM IST

FIPB to take up 16 FDI proposals at April 5 meeting

The foreign investment promotion board at its meeting on April 5 will take up 16 FDI proposals, including that of Cholamandalam MS General Insurance Co and Indian Rotorcraft in defence sector.

Mar 23, 2016, 15:47 PM IST
FIPB clears Rs 14,000 crore FDI proposals; Nippon, Yes Bank get nod

FIPB clears Rs 14,000 crore FDI proposals; Nippon, Yes Bank get nod

The Foreign Investment Promotion Board (FIPB) Monday cleared 16 FDI proposals worth Rs 14,000 crore including that of Japan's Nippon hiking stake in Reliance Life Insurance to 49 per cent, as also that of four other foreign insurers

Mar 07, 2016, 18:44 PM IST
FIPB clears 3 FDI proposals worth Rs 160 crore

FIPB clears 3 FDI proposals worth Rs 160 crore

The foreign investment promotion board today cleared three FDI proposals worth Rs 160 crore.

Nov 27, 2015, 19:22 PM IST
Bupa to acquire additional 23% stake in Max Bupa for Rs 191 crore

Bupa to acquire additional 23% stake in Max Bupa for Rs 191 crore

UK's Bupa will increase its stake in Indian health insurance venture Max Bupa by 23 per cent to 49 per cent for Rs 191 crore.

Nov 23, 2015, 17:39 PM IST