SME Times is powered by   
Search News
Just in:   • JPC chief slams Owaisi for tearing Waqf Bill in LS, calls it 'attack on democracy'  • US tariffs on electronics: India emerges favourable among competitors  • In symbolic stand against Trump’s tariffs, US Senate votes against Canada levy  • Indian pharmaceutical exports get reprieve from Trump’s reciprocal tariffs  • 26 pc levy on imports from India in Trump's reciprocal tariffs 
Last updated: 26 Sep, 2014  

India Flag Amblem THMB Govt. clears 23 foreign direct investment proposals

FDI.9.jpg
   Top Stories
» 26 pc levy on imports from India in Trump's reciprocal tariffs
» India less vulnerable to US tariff shocks than others: Report
» India’s raw silk production increases to 34,042 metric tonnes in April-January
» India, Thailand bilateral trade ties set to strengthen during PM Modi's visit
» FM Sitharaman to visit London next week for talks to bolster India-UK economic ties
SME Times News Bureau | 30 Mar, 2010
The government on Monday approved 23 foreign direct investment (FDI) proposals worth Rs.2,325.21 crore, rejected six and deferred decision on eight.

Among the approved proposals were Tikona Digital Network's Rs. 1,142.21 crore offer for rasing the FDI to 74 percent by issue of compulsorily convertible debentures and Pune-based Bharat Forge's plan to issue warrants worth Rs.576 crore.

Opto Circuits India's proposal to issue convertible warrants worth Rs.376.27 crore and a request by Intel Capital -- the Mauritius-based investment arm of the computer chip major Intel -- to acquire equity in the Multi Commodity Exchange of India for Rs.66 lakh also received the nod.

The government put off decision on several proposals, including the offer of Gurgaon-based S Tel Private Ltd, a joint venture between Chennai-based Shiva Group and Bahrain Telecom, to issue fully paid-up fresh equity shares to undertake the business of providing telecom services in India.

Two proposals -- Maa Television's plan to regularise the 20 percent existing share holding and Delhi-based QAI India's request for approval of issuance of warrants -- were advised to access the automatic route, according to an official statement.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter