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'Insurance FDI via FIPB reduces regulator's powers'

Last Updated: Saturday, July 19, 2014, 14:16

The central government`s proposal to approve foreign direct investment (FDI) in the insurance sector through the Foreign Investment Promotion Board (FIPB) is seen as clipping the sectoral regulator`s wings and also a face saving measure by the BJP, say insurance officials.

FIPB to take up 32 FDI proposals on June 11

Last Updated: Sunday, June 08, 2014, 21:08

Meeting for the first time after formation of the new government, the FIPB proposes to take up 32 foreign direct investment proposals from the likes of Pfizer, BNP Paribas and Bulgari International Corporation on June 11.

Govt approves 10 FDI proposals worth Rs 140 crore

Last Updated: Tuesday, May 20, 2014, 18:32

The government has cleared 10 foreign direct investment proposal totalling Rs 139.95 crore, including that of Equitas Holding and Ambit Pragma Fund II.

FIPB to take up HDFC Bank's fgn investment proposal on May 13

Last Updated: Sunday, May 04, 2014, 21:18

Sources said the proposal would come up before the FIPB after a meeting of the Department of Economic Affairs (DEA) and the Department of Industrial Policy and Promotion (DIPP) likely next week.

FIPB likely to reject HDFC Bank's proposal to increase FDI

Last Updated: Tuesday, April 29, 2014, 22:02

The FIPB is likely to reject HDFC Bank proposal to allow further foreign holding as it would cross the 74 percent sectoral ceiling, officials sources said.

FIPB fails to take up HDFC Bank's proposal to raise FDI limit

Last Updated: Wednesday, April 23, 2014, 20:36

HDFC Bank had approached the Foreign Investment Promotion Board (FIPB) in the latter half of 2013 to increase the foreign holding in the bank to 67.55 percent from 49 percent.

Trent awaiting nod for JV with Tesco: Noel Tata

Last Updated: Monday, March 10, 2014, 18:19

Tata Group firm Trent Hypermarket and Tesco in December last year won approval of the Foreign Investment Promotion Board (FIPB) to open multi-brand retail stores, but the two may have still not got final approval orders owing to inter- ministerial issues over wording of the nod.

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.

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.

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'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).