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    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
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    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
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    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    Pakistan seeks USD 10 bn US facility to bolster forex stability
    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
    Japan reports record exports, imports for July as energy costs climb
    Five held in UP's Bareilly for alleged fake Ayushman cards racket
    MSMEs are the true builders of India’s economic resilience: LG Sinha
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
    Bihar Police arrests man over alleged exam irregularities
    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
    RBI minutes: Governor Malhotra awaits more clarity on inflation, opts for rate hold
    Instant Credit Card Application With JioFinance: Step-by-Step Guide
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    August 20, 2026
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    Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
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    Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
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    Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
    DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
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    Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
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      16 FDI Proposals Worth Rs. 923.55 Crore Approved.

      June 7, 2011

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      Press Information Bureau
      Government of India
      Ministry of Finance

      07-June-2011 17:04 IST

      16 FDI Proposals Worth Rs. 923.55 Crore Approved  

      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 20, 2011, the Central Government has approved16 Proposals of Foreign Direct Investment (FDI) amounting to Rs. 923.55 crore approximately. 

       Following 16 (Sixteen) proposals have been approved.

       Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (` In crore)

      FOOD PROCESSING INDUSTRIES

      1

      M/s Global Gourmet Pvt. Ltd., Gujarat

      Ex-post facto approval for issue of shares on partly paid basis to undertake processing of all kinds of vegetarian foods/ non-vegetarian foods and beverages.

      4.8

      INFORMATION & BROADCASTING

      2

      M/s Vogel Business Media India Pvt. Ltd., Mumbai

      Induction of FDI up to 100 per cent to carry out the business of publishing/ printing of scientific and technical magazines/ specialty journals/periodicals.

      0.01

      SHIPPING

      3

      M/s Oasis Shipping Pvt. Ltd., Mumbai

      Ex-post-facto approval for conversion of operating company into operating cum investing company.

      Nil

      URBAN DEVELOPMENT

      4

      M/s Tredegar Film Products India Pvt. Ltd., Mumbai

      To allot equity shares in lieu of amount paid by the foreign parent company for purchase of plot prior to incorporation of the Indian WoS.  The Indian company is engaged in the manufacturing of non woven laminate films for packaging.

      Nil

      INFORMATION & BROADCASTING

      5

      M/s What’s On India Media Pvt. Ltd.

      Induction of foreign equity by way of issue of preference shares to carry out the business of TV channel license for up-linking a non-news and current affairs TV channel.

      0.99

      6

      M/s Star News Broadcasting Ltd. (Touch Tele Content (I) Ltd.)

      Ex post facto approval on the advice of RBI.  The company is engaged in the business of providing support services to other media companies and to undertake the business of creating owning and distributing non news and current affairs television channels.

      No Fresh Inflow

      CHEMICAL & PETROCHEMICALS

      7

      M/s Vivimed Labs Ltd., Bangalore

      Ex-post-facto approval for issue of warrants to undertake manufacturing of organic chemicals and pharmaceuticals.

      3.75

      DEFENCE PRODUCTION

      8

      M/s Park Controls &Communications Ltd., Bangalore

      Ex-post-facto approval for induction of foreign investment to carry out the defence related activity.

      0.10

      INFORMATION & BROADCASTING

      9

      M/s Telephoto Entertainments Ltd.,(Name changed to M/s Picture house Media Ltd.) Tamil Nadu

      To issue warrants to carry out the business of film and entertainment industry.

      5.00

      PETROLEUM & NATURAL GAS

      10

      M/s Selan Exploration Technology Ltd., Delhi

      Ex-post-facto approval for issue of warrant to carry out the business of onshore oil and gas production.

      1.81

      INDUSTRIAL POLICY & PROMOTION

      11

      M/s Goshi India Auto Parts Pvt. Ltd., Delhi & Haryana

      To convert the Suppliers Credit (Machinery Loan) into equity shares to carry out the business of manufacturing and distribution of spare parts.

      No Fresh Inflow

      ROAD TRANSPORT & HIGHWAYS

      12

      M/s Soma Tollways Private Limited, Andhra Pradesh

      Induction of foreign investment in an investing company.

      500.00

      TELECOMMUNICATIONS

      13

      M/s Mango Holding Limited, Bangladesh

      To subscribe to equity shares of an Indian company engaged in the business of manufacturing and Supply of Wireless Equipment by a company from Bangladesh.

      3.33

      HEAVY INDUSTRY

      14

      M/s Omega IceHill Pvt. Ltd.

      To issue shares for consideration other than inward remittances.

      3.76

      DEFENCE PRODUCTION

      15

      M/s Centum Electronics Ltd., Bangalore

      To undertake additional activities related to defence sector.

      No Fresh Inflow

      INDUSTRIAL POLICY & PROMOTION

      16

      M/s L&T Finance Holdings Ltd.

      Permission for Pre-IPO placement of equity shares with eligible non- resident investors.

      400.00


      The following 14 (Fourteen) proposals have been deferred

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Indian Rotorcraft Ltd., Mumbai

      Induction of foreign equity to carry out the business of final assembly of both military and civil versions of helicopters.

      2

      M/s Ashwell Holding Company Pvt. Ltd., Mumbai

      Induction of foreign equity to carry out the business of investing company.

      3

      M/s BNP Paribas S.A. Paris

      To set up a WoS to act as an investing company.

      4

      M/s SightLife USA

      To set up a 100 per cent Charitable Company under Section 25 of the Companies Act.

      5

      M/s Precision Electronics Pvt. Ltd.

      To undertake the additional activity in the defence sector.

      6

      M/s Hughes Communications India Ltd.

      To make downstream investment to carry out the activity relating to telecom sector.

      7

      M/s ASP Sealing Products Ltd.

      Ex post facto approval for transfer of shares   from NRI to NR on the advice of RBI.

      8

      M/s NCBG Holdings, Inc., Cayman Islands

      Induction of foreign equity in an Indian company to undertake the manufacturing of wiring sets including wiring sets of a kind used in vehicles, aircraft, ships or other machinery used in defence industry.

      9

      M/s Natixis Global Asset Management, France

      To invest by way of indirect foreign investment in Pension Fund Subsidiary.

      10

      M/s Pran Beverages (India) Pvt. Ltd., Kolkata

      InductionofforeignequitybyacompanyfromBangladesh.

      11

      M/s Checkmate Services Pvt. Ltd., Gujarat

      Inductionofforeignequityin acompanyengagedinprivatesecurityservices.

      12

      M/s Southern CNG Automobiles India Pvt. Ltd., Kolkata

      InductionofforeignequityinbyacompanyfromBangladesh.

      13

      Mr. M. RezaulHassanand Ms. Monnujan Nargis, Bangladesh

      Expostfactoapprovaltosetup a WOS toundertakethebusinessofSoftwaredevelopmentServicesbycitizens of Bangladesh.

      14

      M/s Interglobe Enterprises Ltd.

      To amend Clause 4 of FC approval relating to approval area of activity.

      The following 7 (Seven) proposals have been rejected: 

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Reynders Label Printing India Pvt. Ltd., Delhi & Haryana

      To issue Fully and Compulsorily Convertible Bonds against the outstanding amount lying in books as “Advance against Exports’ and “Creditors for capital goods and services- foreign counterpart’ to carry out the business of Printing of labels, booklets, etc.

      2

      M/s Status Infin (India) Pvt. Ltd., Hyderabad

      Induction of foreign equity in an investing company providing finances to companies engaged in power, infrastructure and emerging sectors in India.

      3

      M/s Anuradha Holdings Pvt. Ltd., Bangalore

      Transfer of shares by way of share swap to carry out the business of project development, consultancy and management activities. 

      4

      M/s AssystemIndiaPvt. Ltd., Bangalore

      Conversion of advance for the execution of future project into equity shares to carry out the business of engineering services and application oriented research in various engineering, information and communication technologies primarily in Aerospace, Automotive and Energy.

      5

      M/s AOS Holding India S.A.S. France

      To set up a JV company to undertake the business of Real estate agents, brokers and managers engaged in renting, buying and selling, managing and appraising real estate on a contract or fee basis. Architectural and engineering and other technical consultancy activities.

      6

      M/s Amrit Jal Venture Pvt. Ltd.

       

      Transfer of shares by way of swapping equity shares  in lieu of  acquisition of existing  investments  of foreign collaborator held in the three SPVs.

      7

      M/s I-Velozity India Pvt. Ltd.

      To make an amendment in clause 2 of existing FC approval to allow for undertaking additional activities.

      The following 02 (Two) proposals have been withdrawn from the Agenda. 

      Sl. No

      Name of the applicant

      1

      M/s Gebr. Ewald GmbH, Germany

      2

      M/s First Apex Software Technologies Pvt. Ltd.

       The following 02 (Two) proposals have been withdrawn from the Agenda on the request of the applicants.     

       Sl. No

      Name of the applicant

      1

      M/s PTC India Financial Services Ltd., Delhi & Haryana

      2

      M/s Tata Steel Ltd.

      The following 01 (One) proposal has been recommended for the consideration of CCEA, as the investment involved in the proposal is above Rs.  1200.00 crore.   

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows

      (` In crore)

      1

      M/s Cals Refineries Ltd., Delhi & Haryana

      To issue equity shares in the form GDRs against supply of refinery equipment.

      1425.00

      (against import of second hand machinery)

      DSM/SS/G

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