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    CCI approves acquisition of sole control over Omega-Meyer Ltd and Meyer Organics by BCPE Wellbeing Holdco Two Ltd. and Integral Investments Asia IV Lt...
    CCI approves proposed acquisition of 100% shareholding of Vishavari Tollway Ltd and nine SPVs operating road assets in India by Concessoc 41 SAS
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    NABKISAN Lists India’s First WASH-Focused Social Bond, Raises ₹180 Crore
    DRI seizes around 7 kg amphetamine, 5 kg cocaine and 3.5 kg heroin in three operations as it intensifies crackdown on drug trafficking; 5 arrested
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October 8, 2026
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Sole-control acquisition of nutraceutical and pharmaceutical businesses receives competition approval for Bain Capital-managed investment funds.
Competition Commission of India approval permits BCPE Wellbeing Holdco Two Limited and Integral Investments Asia IV Limited, funds managed or advised by Bain Capital, to acquire sole control over Omega-Meyer Limited and Meyer Organics Private Limited. The target businesses provide nutraceuticals globally and in India, while Meyer Organics Private Limited also produces and supplies certain over-the-counter and prescription finished-dose pharmaceuticals in India.
October 8, 2026
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Highway asset acquisition approval covers full ownership transfer of a tollway operator and road-project special purpose vehicles.
Competition Commission of India approval covers the acquisition by Concessoc 41 SAS of the entire shareholding in Vishavari Tollway Private Limited and nine special purpose vehicles. The target entities operate designated national-highway stretches in Andhra Pradesh, Odisha and Gujarat, while Vishavari Tollway Private Limited provides operation and maintenance and engineering, procurement and construction services for those highway assets.
October 8, 2026
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Competition clearance for hospitality share acquisition permits investment in a company owning and developing hotel and serviced apartment assets.
Competition Commission of India approved the proposed combination involving CPP Investment Board Private Holdings (4) Inc.'s acquisition of certain shareholding in Prestige Hospitality Ventures Limited. The target is an Indian public limited company within the Prestige group and owns and develops hospitality assets, including hotels and serviced apartments. The acquirer is incorporated in Canada and is managed by Canada Pension Plan Investment Board.
October 8, 2026
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Internal group restructuring receives merger-control approval for amalgamating an integrated steel producer into the group's steel manufacturer.
Merger-control approval covers the proposed internal JSW Group restructuring through amalgamation of BMM Ispat Limited into JSW Steel Limited. The amalgamation would convert the group's majority interest in BMM into full ownership and is intended to enhance operational, financial and organisational efficiencies through economies of scale, resource pooling and capital rationalisation. BMM is commercially integrated in the group's supply chain through intra-group sales and procurements.
October 7, 2026
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Transparent land e-auction procedures support bidder preparedness through mock training, registration and earnest-money requirements for phased asset monetisation.
National Land Monetization Corporation is facilitating a two-phase e-tender-cum-e-auction of 459 encumbrance-free land parcels of Rashtriya Ispat Nigam Limited through the RailTel E-Nivida e-Procurement Platform. Participation requires registration, fulfilment of prescribed requirements and submission of earnest money deposit within the applicable deadlines. Physical and online mock e-auction training familiarises prospective bidders with the bidding interface and participation procedure. Investor outreach provides information on plot details, eligibility requirements, registration and bidding conditions.
October 7, 2026
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Preventive narcotics outreach promotes drug awareness, community participation, and sustainable livelihood alternatives to discourage illicit cannabis cultivation.
Preventive outreach in Malana village promoted drug awareness, youth engagement, community participation and alternative development in an area associated with illicit cannabis cultivation. Residents were sensitised to the harmful effects of cannabis, charas and hashish oil consumption and encouraged to pursue sustainable alternatives, including apiculture, animal husbandry, dairy activities and tourism. Community discussions addressed livelihood barriers, ecological concerns, and commitments to refrain from drug consumption and discourage illicit cannabis cultivation.
October 7, 2026
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Cross-border financial cooperation guides work on market access, sustainable finance, fintech safeguards, and payment interoperability.
India-UK financial-markets cooperation covers capital-market connectivity, cross-border listings, investor access and development of GIFT IFSC as an international financial centre. Engagement also addresses insurance, pensions, asset management, sustainable-finance disclosures and cross-border investment. Fintech cooperation includes digital public infrastructure, central bank digital currencies, data exchange, responsible artificial intelligence, fraud prevention, cyber security and operational resilience. Cross-border payments work prioritises reduced frictions, transparency, efficiency and interoperability of electronic payment infrastructures.
October 7, 2026
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Investment commitments and tariff predictability under India-EFTA TEPA support market access, supply-chain planning, and long-term bilateral trade.
India-EFTA TEPA establishes reciprocal market-access commitments, with EFTA coverage extending to most Indian exports and full coverage for non-agricultural products. Tariff predictability is intended to support investment planning, supply-chain development and longer-term business partnerships. Agricultural opportunities may arise where duties have been reduced to zero. Article 7.1 includes an investment commitment under which the EFTA States are to aim to increase foreign direct investment into India and facilitate employment generation within specified implementation periods.
October 7, 2026
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Foreign investment engagement focuses on expanded partnerships across financial services, manufacturing, insurance, and emerging technologies in India.
India-U.S. trade and investment engagement was pursued through discussions with leading United States companies on expanding investment, partnerships and commercial operations in India. Financial-sector discussions addressed private equity, asset and wealth management, insurance, and financial services, including prospective engagement aligned with the objective of insurance access for all by 2047.
October 7, 2026
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Policy repo rate recalibration responds to inflationary pressures, adopting calibrated tightening while future actions depend on growth and inflation conditions.
Monetary policy is recalibrated through an increase in the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent. The monetary policy stance shifts to calibrated tightening, indicating that near-term rate reductions are excluded and that subsequent action may consist of a rate increase or a pause, depending on evolving conditions and the outlook. Further rate action depends on growth-inflation developments, underlying inflation, broadening price pressures, second-round effects and demand impulses.
October 7, 2026
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Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
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Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
October 6, 2026
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SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.

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Customs, DGFT & SEZ

22 FDI Proposals Cleared

November 24, 2007

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Finance Minister, Shri P. Chidambaram has approved 22 Foreign Direct Investment proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on 16th November, 2007. The approval amounts to Rs. 511.4616 crore.  The proposals are related to Ministries/Departments,  namely,  Commerce, Food Processing Industries, Heavy Industry, Industrial Policy & Promotion, Information & Broadcasting, Shipping, Railways  and Economic Affairs.  The major investment proposals pertain to the Ministries/Departments of Heavy Industry, Shipping, Railways and Economic Affairs.

The details of the proposals approved are as follows:

l. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In crore)

COMMERCE

1   

M/s. Georgia Pacific Kemrock International Pvt. Ltd. Vadodara

Capitalization of pre-incorporation/preliminary expenses made by the foreign investor, by way of issue of shares

No fresh inflow

2

M/s. Metal One Corporation, Japan

To set up a new WOS to undertake the activities of import, maintain stock, inventories and sale of the products within India and overseas.  Proposal attracts Press Note 1 (2005 series)

2.90

3

M/s. Palfinger Asia Pacific Pte. Ltd. Singapore

To set up a trading company with a foreign equity of upto 74% undertake Import and sale to the end users/customers  of Palfinger truck mounted kuckle-booms cranes, hook leaders, etc, and their after sale service. Proposal also involves sourcing of items from SS Sector.

2.90

4

M/s. Eric Kozlowski, USA

To set up a WOS to undertake trading of items sourced from small scale sector

0.25

5

M/s. Crocs Inc.

To set up a new Joint Venture with a foreign equity of 51% to undertake the business of single brand retail trading of footwear and apparels under the single brand CROCS

2.04

FOOD PROCESSING INDUSTRIES

6

M/s. Rejoire Natural Creations Private Limited, Mysore

Induction of foreign equity upto 100% in a company engaged in the manufacture of items reserved for SSI sector viz., manufacture of  natural perfumes and essential oil, handmade products like bags and house hold furniture and natural soft drinks

0.03

HEAVY INDUSTRY

7

M/s. Yachiyo Industry Co. Ltd. Japan

To set up a new WOS to undertake manufacture of plastic fuel tanks for automobiles.  Proposal attracts press Note 1 (2005 series)

30.00

INDUSTRIAL POLICY & PROMOTION

8

M/s. UPM KYMMENE OYZ., Finland

To set up a new JV  with a foreign equity of 50% to undertake the activities of trading in recycled paper

14.50

SHIPPING

9

M/s. CWT International Pte. Ltd. Singapore

To set up a new WOS/Joint Venture company to undertake warehousing, storage and container freight station business and other ancillary/auxiliary activities connected thereto.  Proposal attracts Press Note 1 (2005 series)

24.00

ECONOMIC AFFAIRS

10

M/s. Bluechip Corporate Investment Centre Limited, Mumbai

Induction of FDI in an Investment company which has existing downstream companies. Conversion of operating company into an operating-cum-holding company

20.50

11

M/s. Croupier Prive Private Equity Fund L.P. Delaware

 Investment of upto 5% equity in Central Depository Services Limited

16.00

12

M/s. Maples ESM Technologies  Pvt. Ltd. Chennai

Issue of shares in lieu of acquiring the business of an US company, in IT sector

No fresh inflow

13

M/s. SCICOM Technologies Pvt. Ltd. New Delhi

Issue of shares in lieu of transfer of branch office business of the same foreign investor

No fresh inflow

14

M/s. PTC India Financial Services Limited, New Delhi

Conversion of status of operating company engaged in leasing and finance into operating-cum-holding company, and induction of foreign equity by Goldman Sachs and Macqarie, up to 40%, to make downstream investments in Indian companies engaged in the energy and related infrastructure space sectors

155.74

15

M/a. Angel Infin Pvt. Ltd. Mumbai

Induction of foreign investment by IFC of upto 18% of the equity of the holding company having downstream investments in the companies engaged in the activities of share brokerage, rendering corporate and financial advisory services , portfolio brokerage, commodities broking, distribution of mutual funds and insurance products and software solution services

152.00

16

M/s. Accentia Technologies Limited

Transfer of shares by way of share swap for acquiring 3 US based companies engaged in Health BPO Services

No fresh inflow

INDUSTRIAL POLICY & PROMOTION

17

M/s. Anest Iwata Motherson Ltd.

Conversion of operating company into operating cum holding company to make downstream investment in companies engaged in trading, marketing and servicing of air compressors and associated spare parts & accessories etc.

No fresh inflow

ECONOMIC AFFAIRS

18

M/s. HP Financial Services (I) Pvt. Ltd.

To undertake additional activities of financing and leasing

No fresh inflow

19

M/s. Smartronics Solutions India Pvt. Ltd.

Issue of shares against advance paid for purchase of second hand machinery

No fresh inflow

INDUSTRIAL POLICY & PROMOTION

20

M/s. Rajasthan Leather Industries Ltd, Jaipur

Issue of shares against amount received in the account of a third company due to the account of the investee company being frozen

No fresh inflow

RAILWAYS

21

M/s. Sical Infra Assets Ltd, Chennai

Induction of foreign equity upto 26% in  investing companies in infrastructure sector

106.6

INFORMATION & BROADCASTING

22

M/s. Wai Wire and Cable Services Private Limited, USA

To undertake additional activities of publishing specialty journal under the title "Wire Bulletin"

No fresh inflow

Total 511.4616 Cr

3. The following 13 (thirteen) proposals have been recommended to be deferred:           

Sl.No

Name of the applicant

Particulars of the proposal

1.

M/s. AVA Seeds Pvt. Ltd. Bangalore

change in the status of the operating company into an operating cum holding company for making further downstream investments.  Proposal also  attracts Press Note 1 of 2005

2

M/s. Dolce & Gabbana

To set up a Joint venture company with 51% foreign equity  to undertake the business of single brand retail trading of all kinds of fashion and lifestyle products under the brand name "Doice & Gabbana" and "DG Dolce & Gabbana"

3

M/s. Global Assets Holding Corporation Private Limited, Mumbai

FDI in a holding company having subsidiaries in the Telecom Sector  

4

M/s. Sistema Joint Stock Financial Corp. Russia

Increase of FDI from 10% upto 74% in a company engaged in telecom sector

5

M/s. Universal Success Enterprises Ltd, Tortola

To set up a WOS to hold downstream investments in various Indian companies engaged in development of SEZs

6

M/.s. Universal Success Enterprises Ltd., Tortola

To set up a WOS to hold downstream investments in various Indian companies engaged  development of infrastructure development projects, tourism, convention centre, Industrial Parks (including IT parks)  etc. in development of SEZs

7

M/s. Universal Success Enterprises Ltd, Tortola

To set up a WOS to hold downstream investments in various Indian companies engaged in development of Office parks (including industrial Parks and IT Parks)

8

M/s. JSW Energy Ltd, Mumbai

Induction of foreign equity in an Indian company which has existing downstream ventures. Conversion of operating company into operating cum holding company.

9

M/s. Bycell Telecommunications India Pvt. Ltd.

To undertake activities of offering GSM based cellular telephone services under UAS License agreement all over India, and increase in paid up capital of the company

10

M/s. Grupo Omnilife S.A. de C.V. Mexico

To establish a WOS to undertake test marketing  and manufacture, sell and distribute its proprietary nutritional food supplements and cosmetic products through its WOS in India

11

M/s. KNOX Holding Pte. Ltd. Singapore

Transfer of shares held by an OCB by way of sale by a foreign investor. The promoters of the Indian Company and the new foreign investors are same.

12

M/s. Redington (India) Limited, Chennai

Conversion of operating company into an operating cum holding company to make downstream investments into NBFC activities

13

M/s. Dumeric Holdings Private Limited, Mumbai

Conversion of status of operating company into operating cum holding company

The following 3 (three) proposals have been recommended to be rejected:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s. Flemingo Duty Free shop Pvt. Ltd.

To undertake additional activities of cash and carry whole sale trading in addition to operating duty free shops

2

M/s. Flemingo (DFS) Pvt. Ltd.

To undertake additional activities of selling duty free goods to hotels against duty credit in addition to operating duty free shops

3

M/s. Elken International  India Pvt. Ltd.

To undertake cash and carry wholesale trading of the items earlier permitted for test marketing

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Acts Income Tax