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FIPB approval News

16 May 2017

CBI does not rule out Karti Chidambaram's arrest

The CBI did not rule out the arrest of Karti Chidambaram against whom an FIR has been lodged in a case of FIPB approval for a media company in connection with which his residence and offices were raided on Tuesday.

14 May 2016

6 insurers get FIPB nod for Rs 2,566-crore FDI till Feb 2016

As many as six private insurers have got FIPB approval for foreign investment proposals worth Rs 2,566 crore till February after the government increased the FDI cap in the sector to 49 per cent from 26 percent.

10 Nov 2015

FIPB gets more power; can clear proposals up to Rs 5K crore

With an aim to expedite FDI clearance process, the government on Tuesday enhanced FIPB's monetary limit to approve foreign investment proposals of up to Rs 5,000 crore.

28 Aug 2015

Novartis India gets FIPB nod to sell OTC biz to GSK CPL

The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing.

06 Aug 2014

FIPB clears 14 FDI proposals worth Rs 1,528 cr

FIPB has approved foreign direct investment (FDI) proposals worth Rs 1,528.38 crore from 14 firms including ACME Solar Energy and Sinclairs Hotels.

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