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September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
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September 1, 2026
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September 1, 2026
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September 1, 2026
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September 1, 2026
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September 1, 2026
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Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
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September 1, 2026
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Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
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Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
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September 1, 2026
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
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September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
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September 1, 2026
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Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
Personal-guarantee insolvency proceedings involve a stay on implementation of a repayment plan because the earlier members' views did not produce a clear majority capable of taking effect. The personal guarantor has been restrained from directly or indirectly alienating assets pending further hearing. The dispute follows split views on approval of the plan, claim admission and voting, followed by a third-member opinion that did not resolve the absence of a determinative majority. Creditors dispute the proposed recovery, claim treatment and declared net worth relevant to the guarantees.
September 1, 2026
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Rupee exchange-rate movement reflects portfolio inflows, growth data and possible central-bank support, while crude oil prices constrain gains.
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September 1, 2026
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Money-laundering probe into public service recruitment irregularities examines alleged question-paper leaks, selection manipulation, and laundering through purported CSR donations.
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September 1, 2026
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Personal guarantor settlement scrutiny intensifies as asset alienation is restrained pending review of a disputed creditor repayment proposal.
A five-member special bench found that no clear majority view existed under section 419(5) of the Companies Act and stayed the third member's order that had permitted the proposed recovery. Notices were directed to all parties, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. The dispute concerns approval of a personal guarantor's repayment proposal, treatment of guarantee claims, creditor voting support, assessment of the personal estate, and scrutiny of declared net worth.
September 1, 2026
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Personal insolvency proceedings restrict property alienation while notices issue to parties in the debtor's case.
A five-member special National Company Law Tribunal bench hearing Subhash Chandra's personal insolvency matter issued notices to all parties and restrained him from alienating property directly or indirectly. The restraint applies during the continuing insolvency proceedings and concerns dealings with the relevant property. The procedural measure requires the interested parties to participate in the matter.
September 1, 2026
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Aadhaar authentication alternatives enable eligible farmers with failed fingerprint verification to access loan-waiver benefits after identity verification.
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September 1, 2026
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September 1, 2026
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Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
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September 1, 2026
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Equity market sentiment weakens as higher crude prices, geopolitical tensions and tighter monetary policy expectations curb risk appetite.
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Customs, DGFT & SEZ

Government Approves Eleven (11) Proposals of Foreign Direct Investment (FDI) Amounting to About ₹ 1075.91 Crore

February 19, 2015

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Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 4th February 2015, Government has approved Eleven (11) proposals of Foreign Direct Investment amounting to ₹ 1075.91 crore approximately.

In addition, two proposals relating to M/s Aurobindo Pharma Limited, Hyderabad and M/s Glenmark Pharmaceuticals Limited, Mumbai have been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 04.02.2015 are given below.

Following eleven (11) proposals have been approved by the Government:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

Proposed FDI

1.

M/s Dynamatic Technologies Limited

Approval has been sought by M/s Dynamatic Technologies Limited, an existing listed company in the defence sector for amendment in the approval letter to include additional activity of manufacture of unmanned aerial vehicles (UAVs) spacecrafts and related machinery.

Defence

Nil

2.

M/s Green Erect LLP

M/s Green Erect LLP proposes to receive capital contribution from Mr. MukulShyam and Ms. Vineeta Shyam, NRIs, up to a maximum of 45% combined stake in M/s Green Erect LLP.

 

₹ 0.35 crore (approx.)

3.

M/s Solar Arise India Projects Pvt. Ltd., New Delhi

M/s Solar Arise India Projects Pvt. Ltd., has sought approval for receiving FDI from overseas investors and investing downstream in various Special Purpose Vehicles (SPV) in solar power projects.

Power

₹ 216.01 crores

4.

M/s Viacom 18 Media Pvt. Ltd.

Approval has been sought by M/s Viacom 18, a media company for the deletion of one condition in the amendment letter

Broadcasting

Nil

5.

M/s SeQuent Scientific Ltd., Mumbai

An existing listed company in the pharmaceutical sector is seeking approval for raising capital of ₹ 400 crores through a QIP issuance and issue of Foreign Currency Convertible Bonds.

Pharmaceuticals

(Brownfield)

Upto ₹ 400 crores

6.

M/s Laurus Labs Private Limited

A Brownfield pharma company, Laurus Labs Private Limited has sought approval for the allotment of ESOPs under the ESOPs scheme to a foreign national. 

Pharmaceutical

₹ 0.02 crore

7.

M/s AVEVA Solutions Limited, UK

M/s AVEVA Solutions Limited, UK is seeking approval to increase capital contribution in Aveva Solutions India LLP from ` 8.40 crore to ` 16.80 crore without change in the foreign capital contribution percentage approved.

LLP

₹ 8.40 crore

8.

M/s Agilent Technologies (International) Private Limited

Approval/clarification has been sought by M/s Agilent Technologies (International) Private Limited to partially lease the premises, treating it as additional activity.

 

Nil

9.

M/s Buimerc Core Investment Private Limited

M/s Buimerc Core Investment Private Limited has sought ex-post facto approval to operate as a core investment company.

Core Investment Company

Nil

10

M/s JP Morgan Asset Management (Asia) Inc. USA

Approval has been sought by M/s JP Morgan Asset Management (Asia) Inc. USA for the acquisition of remaining 25% held by M/s JP Morgan India Pvt Ltd in the joint venture set up in 2006 by the two companies.

NBFC

₹ 80.13 crores

11

M/s BLP Wind Assets Holding Pvt. Ltd., New Delhi

M/s BLP Wind Assets Holding Pvt. Ltd., has sought approval for setting up a joint venture firm for making downstream investments in the renewable energy sector.

Investing company renewable energy sector.

Rs.371 crores

The following twelve (12) proposals have been recommended to be deferred:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

 

1.       

M/S Asergis Communications Private Limited, Delhi

M/s Asergis Communications Private Limited, Delhi, a new telecom company, has sought the approval for foreign equity participation of 100%.

Telecom

2.       

M/s Asomi Finance Private Limited, Assam

M/s Asomi Finance Private Limited, Assam, seeking approval for relaxation of the condition not having complied with the minimum capitalization norms in the NBFC Sector.  

NBC (Micro-Credit)

3.       

M/s Nickelodeon Asia Holdings Pte. Ltd., Singapore

 

Approval has been sought by M/s Nickelodeon Asia Holdings Pte. Ltd., Singapore, to purchase the entire holdings of M/s Shinano Retail Private Limited, India in M/s Prism TV Private Limited.

Information and Broadcasting

4.       

M/s Mylan Laboratories Limited, Hyderabad

M/s Mylan Laboratories Limited, Hyderabad seeks prior approval for increase in the level of FDI in the company by existing non-resident shareholders, MP Laboratories (Mauritius) Ltd. and Mylan Luxembourg 2 s.a.r.l., pursuant to a composite scheme of arrangement.

Pharmaceuticals

5.       

M/s Sudeep Pharma Private Limited, Gujarat

Approval has been sought by a Brownfield pharmaceutical company for transfer from existing shareholders and fresh issue of shares to a foreign company resulting in 50% FDI in the company.

Pharma

6.       

M/s Curatio Healthcare (I) Private Limited, Chennai

Approval has been sought by M/s Curatio Healthcare (I) Private Limited, a Brownfield pharma company for foreign investment of 33.33% by transfer of shares from resident shareholders to non-residents.

Pharma

7.       

M/s Sai Life Sciences Limited, Hyderabad

Approval has been sought by a Brownfield pharma company for transfer of shares from existing to new non-resident shareholders and further allotment of shares.

Pharma

8.       

M/s Vivimed Labs Limited, Karnataka

M/s Vivimed Labs Limited, Karnataka, brownfield pharmaceuticals company is seeking approval for issuance of warrants to a foreign investor.  

Pharma

9.       

M/s Elanco India Private Limited, Gurgaon

Approval has been sought by a Greenfield pharma company for the acquisition of its shares by a foreign company for the purpose of acquiring business of a Brownfield pharma company.

Pharma

10.   

M/s Touchstone Trust, Hyderabad

M/s Touchstone Trust, Hyderabad, a registered AIF category II Fund is seeking permission to issue units its scheme I to Individual Foreign Investors/NRI’s.

Alternative Investment Fund (AIF)

11.   

M/s Montblanc Services B.V, Netherlands

M/s Montblanc Services B.V, Netherlands has sought approval to invest 51%, amounting to US $ 5.5 million, in the proposed Indian Joint Venture Company for undertaking single brand product retail trading of ‘Montblanc’ products in India. Remaining 49% of the equity of the proposed JV will be held by M/s Titan Company Limited.

Single Brand Retail Trading

12.   

M/s Vayugrid Marketplace Services Private Limited, Maharastra

M/s Vayugrid Marketplace Services Private Limited, Maharashtra, is seeking approval for allotment of equity shares towards preliminary expenses for the incorporation of the company and to issue pending equity shares against share application money pending since takeover of a sister company since 31.03.2009. 

 

 The following one (01) proposal was approved under the automatic route:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

Proposed FDI (In Rs. Crore)

1.

M/s Fokker Elmo SASMOS Interconnection Systems Limited, Bangalore

M/s Fokker Elmo SASMOS Interconnection Systems Limited, Bangalore seeks approval for transfer of 49% of the ownership from residents to non-residents.

Defence

6.00

 The following nine (9) proposals have been rejected:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

1.

M/s Verint Systems (India) Private Limited.

A WoS of foreign company, holding FIPB approval to undertake  cash and carry wholesale trading and export trading in respect of only Enterprise Intelligence Systems( EIS) and Video Intelligence Systems (VIS) products related to telecom and defence, has sought removal of  condition of seeking prior approval before  making every sale imposed by FIPB.

Trading

2.

M/s Bencera Resources Private Limited, Ahmedabad

M/s Bencera Resources Private Limited, Ahmedabad, engaged in trading of ceramic industry consumables, has sought post-facto approval for partly paid shares issued to M/s Ceranik System Limited, China.

Print media

3.

M/s Indian Energy Exchange Limited, Mumbai

Shareholders of M/s Indian Energy Exchange Limited, Mumbai has sought approval to grant a further extension of 2 years beyond 01.05.2015 or such period as the Board deems fit to divest/align their shareholding in M/s Indian Energy Exchange Limited, Mumbai in line with the Press Note 8 of 2012.

Power Exchange

4.

M/s Centurion Laboratories Private Limited, Vadodara

M/s Centurion Laboratories Private Limited, Vadodara, an existing Pharmaceutical Company, is seeking permission for issuance of equity shares and raising foreign equity to 20.21 per cent.  

Pharma

5.

M/s HospiraPte. Ltd., Singapore

M/s HospiraPte. Ltd., Singapore has sought approval for deletion of a clause in the amendment letter.

Pharma

6.

M/s George Institute for Global Health, Hyderabad

M/s George Institute for Global Health seeking post-facto approval and regularization for the allotment of 16,78,492 fully paid up equity shares of ₹ 10/- each.

Pharma

7.

M/s Johnson and Johnson Limited

M/s Johnson and Johnson Limited is seeking approval for deletion of the standard pharma conditions, stipulated in the approval letter.

Pharma

8.

M/s Blue Star Infotech Limited, Mumbai (BSIL)

M/s Blue Star Infotech Limited, Mumbai issued 10,42,000 ESOPs which constituted 10.03% of its paid up capital as on 30.09.2014, and further intends to issue up to 3,23,000 ESPOs to non resident employees. Collectively the ESOPs would constitute 13.14% of the paid up capital of the company.

Misc. (Software & IT/ ITES)

9.

M/s AppDynamics Asia Pacific Pte Limited, Singapore

Approval has been sought by M/s AppDynamics Asia Pacific Pte Limited for replacing of partners and designated partners of the proposed LLP as the existing have tendered their resignation.

LLP

Following one (01) proposal does not lie before FIPB:

1.

M/s Fertin India Private Limited

Approval has been sought by M/s Fertin India Private Limited for 100% foreign investment amounting to ₹ 26 crore from its parent company for engaging into manufacturing in the pharma sector

Pharma

The following two (2) proposals have been recommended for consideration of the CCEA, as the investment involved in each of the proposal is above ₹ 1200 crore:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

Proposed FDI

1

M/s Aurobindo Pharma Limited, Hyderabad

Approval has been sought by M/s Aurobindo Pharma Limited, a Brownfield pharma company for foreign investment by Qualified Institutional Buyers (QIBs).

Pharma

Rs.2165 crores  (approx.)

2.

M/s Glenmark Pharmaceuticals Limited, Mumbai

Approval has been sought by M/s Glenmark Pharmaceuticals Limited, a Brownfield pharma company for foreign investment by FIIs thereby increasing the FII limit from present 35.07% to 49%.

Pharma

Rs.2022 crore

Topics

Acts Income Tax