Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    NATIONAL ACCOUNTS STATISTICS - 2026 PUBLICATION
    Commerce Secretary Shri Rajesh Agrawal Co-Chairs India-Brazil 8th Trade Monitoring Mechanism Meeting
    NPCI International and Uzbekistan’s NIPC Partner to Enable UPI Payments Across Uzbekistan via UZQR
    Flymore Aviation Expands Access to Aviation Education Through Affordable Mobile Learning App
    Rajnath to review performances of 16 defence PSUs with focus on indigenous tech, innovation
    SC dismisses SBI's plea challenging NCLAT order on PF, gratuity dues to ex-Jet Airways staffers
    Rupee rises 26 paise to close at 95.17 against US dollar
    India Has Solved Financial Access. Has It Solved Financial Confidence?
    Hyundai Capital Officially Launches Financial Services Operations in India
    Pinarayi Vijayan slams NCLT order on Subhash Chandra repayment plan
    Rupee falls 13 paise to 95.56 against US dollar in early trade
    CBN seizes 66.80 lakh psychotropic tablets in major inter-state pharmaceutical diversion case under Operation Vajra 2.0; one arrested
    DRI seizes around 18 Kg Amphetamine and MDMA in two operations as it intensifies crackdown on synthetic drugs; Four persons arrested
    India–Chile CEPA Negotiations Advance; Commerce Secretary Shri Rajesh Agrawal Meets Chilean Vice-Minister Paula Estévez Weinstein
    Sugar prices remain firm across India despite govt measures to check rise
    Keralam MVD to introduce Aadhaar OTP verification for 60 more services from Sept 21
    Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Chandra's insolvency plan
    Over 2.63L appear in NEET-PG; re-test announced for candidates at 2 Jaipur centres
    Delhi Lakshmi Yojana RD maturity set for July 2029, year of next Lok Sabha polls
    India emerges as key petrol supplier to Russia as refinery attacks disrupt fuel supplies
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 31, 2026
Show AI Summary
National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.
August 31, 2026
Show AI Summary
Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
India and Brazil are advancing bilateral trade, investment and economic cooperation through a diversified partnership focused on pharmaceuticals, chemicals, engineering goods and machinery. India-MERCOSUR engagement is being pursued through early finalisation of Terms of Reference for expansion and modernisation of the Preferential Trade Agreement. Pharmaceutical market access is supported by regulatory cooperation under the CDSCO-ANVISA MoU. Agricultural trade facilitation includes phytosanitary processes, reciprocal market access work and mutual recognition of Electronic Certificates of Origin, alongside multilateral coordination through BRICS, the G20 and the WTO.
August 31, 2026
Show AI Summary
Cross-border UPI merchant acceptance enables Indian travellers to make UZQR payments at merchants throughout Uzbekistan.
Cross-border UPI merchant acceptance in Uzbekistan allows Indian travellers to make instant person-to-merchant payments through UPI-enabled applications by scanning the interoperable UZQR code. Integration with the Unified National QR infrastructure extends acceptance across retail, hospitality and service merchants. Regulatory approvals support HUMO's role as NIPL's authorised partner for cross-border merchant acceptance, reducing reliance on international cards and cash.
August 31, 2026
Show AI Summary
Mobile-first aviation education supports accessible, self-paced certification-led learning and career awareness across aviation roles and geographic locations.
Flymore Aviation LLP operates a mobile-first aviation learning platform intended to make specialised aviation education more accessible and affordable for aspiring pilots, cabin crew and other aviation-sector professionals. The app provides structured, self-paced aviation courses aimed at building industry knowledge, supporting certification-led skill development, improving career awareness and assisting employment readiness across aviation functions. Course delivery through a digital platform is positioned as an alternative to location-dependent and high-cost classroom training.
August 31, 2026
Show AI Summary
Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
Annual performance review of 16 Defence Public Sector Undertakings is scheduled with emphasis on indigenous technology, innovation, self-reliance and enhancement of defence exports. Chairpersons and managing directors of seven specified undertakings will present dividends attributable to the Government's equity shareholding. Publications cover self-reliance, student awareness of defence technologies, and modernisation and indigenisation roadmaps. Reported performance includes growth in turnover, profit after tax and defence exports.
August 31, 2026
Show AI Summary
Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
Employee provident fund and gratuity dues of former Jet Airways workmen and employees were required to be paid in full by the liquidator. The NCLAT position upheld treats statutory employee dues relating to provident fund, gratuity and pension funds as outside the liquidation estate, protecting them from competing creditor claims. Financial creditors had argued that such dues should be distributed through the liquidation estate unless dedicated funds existed at the commencement of liquidation. The underlying questions of law remain open for an appropriate case.
August 31, 2026
Show AI Summary
Rupee exchange-rate support amid dollar strength and oil risks as foreign-currency deposit flows bolster market sentiment.
Foreign-exchange market conditions saw the rupee recover from early losses amid possible Reserve Bank of India intervention to contain significant depreciation. Higher US Treasury yields, a broader dollar rally, rising crude oil prices and geopolitical supply risks pressured the currency. The special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised foreign-exchange inflows supported by non-resident Indian participation, strengthening market sentiment.
August 31, 2026
Show AI Summary
Financial confidence gaps persist when opaque financial journeys, dark patterns and unclear communication deter informed consumer participation.
Financial-service digitisation may expand access without ensuring consumer confidence where customers cannot understand processes, assess risks or feel secure in financial decisions. Opaque claims, redemptions, eligibility criteria and approval stages can weaken trust and discourage insurance, investment and credit participation. Hidden charges, complex documentation, forced bundling and target-driven sales practices may further impair informed choice. Greater transparency, simplified communications, real-time process visibility and AI-assisted guidance are identified as measures to reduce cognitive friction and strengthen consumer control.
August 31, 2026
Show AI Summary
NBFC licensing enables Hyundai Capital India to begin wholesale dealer financing while preparing retail finance and risk-management infrastructure.
Hyundai Capital India has commenced financial services operations after obtaining a non-banking financial company licence from the Reserve Bank of India. Initial operations concentrate on wholesale financing for local automotive dealers. Operations are intended to expand the dealer-financing network, sales infrastructure and risk-management systems across India, supporting a subsequent phased introduction of retail financing for individual customers.
August 31, 2026
Show AI Summary
Personal insolvency resolution approval faces criticism over low creditor recovery and alleged family-linked voting influence in the resolution process.
Personal insolvency resolution approval concerning Subhash Chandra involved a repayment plan of Rs 6.5 crore against admitted creditor claims exceeding Rs 22,000 crore. Objections were raised regarding the voting influence exercised by entities linked to the debtor's family in relation to the resolution process. Pinarayi Vijayan criticised the approval, alleging preferential treatment of powerful corporate interests.
August 31, 2026
Show AI Summary
Foreign exchange market intervention seeks to limit rupee depreciation amid oil-price pressure, dollar strength, and capital outflows.
Foreign exchange market conditions put the rupee under depreciation pressure amid higher crude oil prices, geopolitical risks, stronger US dollar conditions, expectations of tighter US monetary policy and foreign equity outflows. RBI market intervention was reported to contain significant depreciation. Improved foreign-currency non-resident bank deposit flows and higher foreign exchange reserves supported investor sentiment and the external liquidity position.
August 31, 2026
Show AI Summary
Psychotropic medicine diversion faces NDPS enforcement where controlled tablets allegedly travel without statutory documentation and traceability details.
Enforcement action under the Narcotic Drugs and Psychotropic Substances Act, 1985 addressed alleged inter-State diversion of psychotropic medicines transported without statutory documentation. A truck carrying Alprazolam, Tramadol, Nitrazepam and Clonazepam tablets was intercepted; the medicines and vehicle were seized and one suspect was arrested. Preliminary examination indicated erasure of identifying batch and date details and transport of region-restricted medicines without invoices, bilty or e-way bills. Investigation concerns the manufacturing, supply and distribution network involved.
August 31, 2026
Show AI Summary
Synthetic-drug trafficking enforcement targets rail-borne amphetamine and MDMA consignments through baggage interceptions, seizures, follow-up delivery operations, and arrests.
Synthetic-drug trafficking enforcement involved two intelligence-led railway-station operations targeting amphetamine and MDMA transportation and receipt. Baggage intercepted at Bengaluru contained a crystalline substance preliminarily indicating amphetamine, while a separate Pune interception recovered substances purported to be amphetamine and MDMA tablets. The contraband and related packing material were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Follow-up delivery action identified alleged receivers, and the carriers and alleged receivers were arrested under that statutory framework.
August 31, 2026
Show AI Summary
India-Chile CEPA negotiations seek a balanced framework to expand trade, investment, technology cooperation and resilient supply chains.
India-Chile CEPA negotiations are being advanced toward conclusion by the end of the year through a balanced and commercially meaningful framework. The proposed partnership is intended to strengthen bilateral economic ties, expand trade and investment, and create equitable opportunities for businesses and people in both countries. Cooperation is envisaged in technology, talent and resilient supply chains, alongside enhanced engagement in healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering.
August 30, 2026
Show AI Summary
Sugar price controls face persistent retail and wholesale price firmness despite duty-free imports, stockholding restrictions, and export prohibition.
Sugar retail and wholesale prices remained elevated despite measures intended to curb price increases, including duty-free imports of raw sugar, tighter stockholding norms for bulk users and dealers, and a prohibition on sugar exports. Ex-mill rates declined following the permitted duty-free imports, although customary margins continued between ex-mill, wholesale, and retail prices. Projected sugar production is lower than earlier estimates, while annual domestic demand remains substantial.
August 30, 2026
Show AI Summary
Aadhaar OTP verification expands online vehicle and licensing services, reducing physical visits and curbing intermediary exploitation.
Aadhaar-based OTP verification will be extended to additional vehicle- and driving-licence-related services through the Vahan and Sarathi portals. The digital arrangement is intended to reduce physical visits to transport offices, prevent intermediary exploitation arising from delayed processing, and enable applications to be processed on a first-come, first-served basis. Physical attendance will remain necessary for vehicle inspections, identification of legal heirs, personal hearings, and authentication where Aadhaar OTP verification fails.
August 30, 2026
Show AI Summary
Related-party creditor voting in personal insolvency turned on whether the debtor held majority ownership or direct board control.
Dissenting lenders challenged the admission and voting rights of five creditors alleged to be family-linked associate or related entities, contending that their voting share enabled approval of a personal insolvency repayment plan. They alleged invalid post-moratorium guarantee invocations, undisclosed liabilities, inadequate claim scrutiny and incorrect voting-share computation. The third member rejected the voting-rights challenge, treating associate status as requiring the debtor's personal majority shareholding or direct board control, and accepted the repayment plan.
August 30, 2026
Show AI Summary
Examination continuity and candidate fairness require re-examination where power failures prevent completion, alongside review of infrastructure accountability.
NEET-PG 2026 examination continuity was disrupted for candidates at two Jaipur centres because of internal power-supply failures attributable to the technological partner and examination-conducting agency. A re-examination has been scheduled for the affected candidates, with the venue and revised admit cards to be communicated separately. Action against the entities responsible for ensuring adequate examination infrastructure is under consideration.
August 30, 2026
Show AI Summary
Women's monthly assistance eligibility restricts benefits to qualifying households and channels payments through deposits or restricted digital wallets.
Delhi Lakshmi Yojana provides monthly financial assistance to eligible women through recurring deposits and restricted Central Bank Digital Currency wallets. Recurring deposits are locked until July 31, 2029, subject to possible review of the maturity period after two years from launch. Eligibility requires a qualifying woman to be the eldest female family member, meet income, residence and voter-registration requirements, and satisfy household restrictions. Income-tax payers, GST filers, government employees, higher-electricity-consuming households and four-wheeler-owning households are excluded.
August 30, 2026
Show AI Summary
Gasoline trade amid refinery disruptions relies on sanctioned fleets and dark ship-to-ship transfers, alongside continuing fuel export restrictions.
Russian refinery disruption has increased gasoline imports and made India a significant supplier of gasoline to Russia. Indian supplies were principally linked to the Vadinar refinery, and increased Indian purchases of Russian crude may mean exported gasoline was produced from Russian crude. Russia has retained a gasoline export ban while domestic production remains disrupted. India-origin cargoes imported during August were carried on sanctioned fleets and involved dark ship-to-ship transfers, including transfers conducted with automatic identification system signals switched off.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

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

February 19, 2015

Contents
Summary
Note

Note

-

Bookmark

Print

Print

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