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
    IICA Conducts inaugural session of 11th Batch of its Certified CSR Professional Programme
    Net Profit of Regional Rural Banks (RRBs) Rises to Record ₹10,176 Crore, Total Business Cross ₹13.5 Lakh Crore in FY 2025-26
    UP Cong chief writes to PM Modi on ethanol policy, sugar prices
    Economy shows notable resilience despite global headwinds: RBI bulletin
    Sugar prices rise by nearly Re 1 per kg to about Rs 64
    Trump says he's considering renaming Lake Ontario as 'Lake America' as trade war with escalates
    Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above
    HP minister warns orchardists against spurious PGRs sold in open market
    NEWS HIGHLIGHTS
    AERA cuts user development fee for domestic, int'l passengers at Hyderabad airport
    Rupee rises 24 paise to close at 95.46 against US dollar
    India pivots to US for LPG, LNG as West Asia crisis disrupts Gulf supplies
    Experts Call for Intelligence-Led Action to Break Cross-Border Illicit Trade Networks at ASIA Security Conference 2026
    How NRIs Can Structure Bank Accounts in India When They Have Both Indian and Overseas Financial Commitments
    Sugar ex-mill prices down 18 pc to Rs 55/kg after import move, curbs on hoarding: Food secretary
    SBI eyes USD 10 bln from NRIs, foreign investors ahead of RBI swap window closure
    Industrial power tariff hike: WBSEDCL says proposed rise capped to DVC area, rates still competitive
    India-Japan Investment Partnership Gains Momentum; Commerce and Industry Minister Shri Piyush Goyal Invites Greater Japanese Institutional Capital
    Commerce and Industry Minister Piyush Goyal addresses Japanese Business Federation in Tokyo
    Third Meeting of India-Cambodia Joint Working Group on Trade and Investment (JWGTI) Held in Phnom Penh, Cambodia
❯❯
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 25, 2026
Show AI Summary
Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
Show AI Summary
Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.
August 25, 2026
Show AI Summary
Ethanol-blended fuel policy faces calls for consumer-focused review amid sugar supply pressures and older-vehicle compatibility concerns.
Consumer-focused review of the ethanol-blended fuel policy is sought because higher ethanol diversion may affect domestic sugar availability and prices, potentially requiring sugar imports that could reduce claimed foreign-exchange savings from lower petroleum imports. The review should address ethanol and sugar production, domestic prices, imports, and consumer, environmental and economic concerns. Availability of lower-blend fuel alongside E20 is advocated for owners of older vehicles, with consumer choice between E10 and E20 supporting a comprehensive reassessment.
August 25, 2026
Show AI Summary
Economic resilience remains supported by domestic demand, manufacturing, liquidity and capital inflows despite external trade and geopolitical risks.
Economic resilience is attributed to buoyant domestic demand, sustained manufacturing and services activity, and double-digit merchandise trade growth. Improved southwest monsoon conditions supported kharif sowing and partly reduced agricultural risks, although geopolitical frictions and fresh United States tariffs remained external risks. Supply-side pressures raised consumer price inflation, while stable core inflation indicated limited cost pass-through. Easing liquidity, credit growth, investment activity and rebounding foreign capital inflows supported financial and external-sector conditions.
August 25, 2026
Show AI Summary
Sugar price controls combine raw sugar imports, stockholding limits, and export restrictions to curb retail inflation.
Sugar market intervention combines permitted imports of raw sugar, stockholding limits for dealers and bulk consumers, and an existing export ban to address sharp increases in retail and wholesale prices. Limits on inventories held by trade participants and large industrial consumers are intended to curb speculation and hoarding. Although ex-mill rates declined after the import decision and anti-hoarding measures, the reduction had not yet translated fully into retail prices. The measures seek to supplement domestic availability and restrain practices that may intensify consumer-price increases.
August 25, 2026
Show AI Summary
Tariff escalation drives retaliatory planning, industry protection measures, supply-chain uncertainty, and proposed symbolic geographic renaming amid cross-border trade tensions.
United States-Canada trade tensions have intensified after tariffs were imposed on Canadian goods following unsuccessful bilateral talks. Canada is expected to pursue retaliatory measures, potentially using targeted action to protect workers and businesses rather than matching tariffs directly. Further tariff threats concern vehicles, auto parts and steel. Integrated cross-border supply chains in automotive, energy, agriculture and manufacturing face increased costs and consumer-price uncertainty. Consideration of renaming Lake Ontario as "Lake America" has also been linked to the escalating dispute.
August 25, 2026
Show AI Summary
Central infrastructure monitoring through PAIMANA-PROJ tracks implementation progress, sectoral priorities, completed works, and integration of newly monitored projects.
PAIMANA-PROJ monitors Central Sector infrastructure projects costing Rs. 150 crore and above across 17 Ministries and Departments. As of July 2026, 1,775 projects with a revised cost of Rs. 37.11 lakh crore were under monitoring, with cumulative expenditure of Rs. 19.26 lakh crore. Transport and Logistics formed the largest monitored sector, followed by Energy. The portfolio included mega and major projects at varying physical and financial completion stages. PAIMANA-CRIP serves as the central infrastructure-project data repository, with most data updated through APIs.
August 25, 2026
Show AI Summary
Plant growth regulator quality controls require farmer awareness, licensed sales, quarantine compliance, and protection against uncertified orchard inputs.
Plant Growth Regulator quality control seeks to protect farmers and orchardists from spurious products sold in the open market. Licensed pesticide and fungicide outlets receive application schedules, while farmer awareness is stressed due to purchases of cheaper PGRs that may not achieve expected results. Rootstock imports require quarantine clearance, and uncertified rootstock purchased from the market is associated with disease spread in orchards. Regulatory measures include direct departmental sale of branded chemicals, promotion of weather-based crop insurance, and demands concerning minimum support pricing and Market Intervention Scheme documentation.
August 25, 2026
Show AI Summary
Anti-conversion compliance prompts voluntary prayer declarations, alongside food-safety oversight and enforcement against demolition, liquor, and cyber-fraud allegations.
Maharashtra's anti-conversion law has commenced, and churches across the Mumbai Metropolitan Region have sought written self-declarations confirming voluntary prayer attendance without pressure. Food-safety oversight requires cleaning of cricket association eateries before a further inspection. Enforcement matters include investigation into unauthorised shop demolitions allegedly involving misuse of a municipal corporation's name, arrests connected with spurious-liquor manufacture, and a cyber-fraud network allegedly using mule accounts to launder proceeds. A retired High Court judge has been appointed as Lokayukta.
August 25, 2026
Show AI Summary
User development fee rationalisation reduces departure charges and links airport cost recovery to commissioned capital projects during the tariff cycle.
Airport tariff regulation for Hyderabad airport fixes reduced User Development Fee for departing domestic and international passengers from 1 September 2026 through 31 March 2031, with rationalised landing charges. The tariff determination applies the incremental Aggregate Revenue Requirement framework, linking airport-charge cost recovery to completion, commissioning and use of identified high-value capital expenditure projects. A variable tariff plan provides landing-charge incentives upon prescribed qualifying conditions, supporting traffic development and route expansion while requiring cost-reflective, transparent and non-discriminatory aeronautical tariffs.
August 25, 2026
Show AI Summary
Rupee appreciation reflects weaker dollar, lower crude prices, positive equities, and foreign-exchange inflows through swap facilities.
Foreign-exchange market conditions supported the rupee's appreciation against the US dollar, driven by positive domestic equity markets, a weaker dollar, and declining crude-oil prices. The USD/INR pair remained within a narrow range, with oil-price movements and potential central-bank intervention identified as near-term determinants. A special USD-INR foreign-exchange swap facility covering FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings had mobilised foreign-exchange inflows relevant to currency liquidity.
August 25, 2026
Show AI Summary
Energy supply diversification reshapes India's LPG, LNG and crude sourcing amid constrained Gulf availability and higher logistics costs.
India's energy-import sourcing has shifted towards supply diversification as disruption in the Strait of Hormuz constrained traditional Gulf supplies. United States cargoes have become particularly important for LPG and LNG, while procurement has also broadened to Atlantic Basin and other non-traditional suppliers. Diversification increases costs through longer voyages, higher freight, insurance expenses, tighter availability and higher commodity prices, reflecting a premium for supply security. Crude sourcing continues to rely principally on Russia, alongside resilient UAE flows and increased Venezuelan heavy crude imports.
August 25, 2026
Show AI Summary
Intelligence-led enforcement against illicit trade requires coordinated data-sharing, risk profiling, digital accountability and disruption of organised supply networks.
Cross-border illicit trade enforcement should move beyond isolated seizures to intelligence-led disruption of organised criminal networks. Risk-based profiling, predictive analytics, container scanning and shipment-data analysis should support targeted action against misdeclaration, port-hopping, concealment and digital distribution. Right holders should share specific intelligence with customs targeting mechanisms, and goods entering Domestic Tariff Areas from warehousing and special economic zones require enhanced examination. Digital enforcement should trace suppliers, financial flows, data trails and small-parcel movements, supported by coordinated feedback between online marketplaces, police and customs.
August 25, 2026
Show AI Summary
NRI banking account segregation aligns overseas earnings, domestic income, foreign-currency savings, remittances, and borrowing with cross-border commitments.
NRI banking arrangements require segregation of overseas earnings, India-sourced income, savings, remittances and expenditure after residential status changes. An NRE account holds overseas income remitted to India, with interest exempt from income tax in India. An NRO account is intended for Indian income, including rent, dividends and pension, while FCNR deposits retain funds in a chosen foreign currency. A structured arrangement can align these accounts with domestic obligations, overseas spending, remittances, investments and compliant digital banking access.
August 25, 2026
Show AI Summary
Sugar import authorisation and anti-hoarding controls aim to moderate ex-mill prices amid adequate domestic stocks.
Raw sugar imports were permitted, while stock limits were imposed on bulk consumers. States were directed to strengthen inspections, and nationwide flying squads were deployed to identify hoarding and speculative conduct. These measures target sugar availability and distribution across wholesale and retail channels. Ex-mill prices declined following the measures, although wholesale and retail prices had not yet reflected the reduction.
August 25, 2026
Show AI Summary
Foreign-currency swap window closure focuses non-resident deposit mobilisation, while ECB hedging support continues for public-sector borrowers.
RBI's concessional Foreign Currency Non-Resident Bank deposit swap window closes on August 31, replacing the previous September 30 cut-off. Separately, the special US dollar-rupee foreign-exchange swap window remains available until December 31, 2026, providing concessional currency-hedging support to public sector undertakings raising external commercial borrowings. SBI expects to mobilise predominantly through deposits from non-resident Indians and foreign investors, with external commercial borrowings also visible.
August 25, 2026
Show AI Summary
Industrial power tariff revision applies only within the shared distribution area, while steel producers seek rollback and fuel supply support.
Industrial electricity tariff revision is proposed from 1 September for 33 KV and 11 KV consumers within the Damodar Valley Corporation command area. The increase is confined to the shared distribution-licence area, while a separate and higher tariff structure applies outside it. Steel and sponge-iron industry associations oppose the revision on the basis that it will raise energy costs and affect investment conditions. They seek withdrawal of the increase and request continuing supplies of high-grade coal and iron ore for sponge-iron production.
August 25, 2026
Show AI Summary
Institutional capital facilitation prioritises repatriation, market access, regulatory predictability, and cross-border partnerships supporting technology-led long-term investment.
India-Japan investment engagement focuses on increasing long-term Japanese institutional capital flows through an enabling business environment, intellectual property protection, policy reforms and integration with global value chains. Facilitation measures include simpler profit repatriation processes, improved access to Indian capital markets, greater regulatory predictability and a seamless cross-border investment environment. GIFT City is explored as a gateway for international capital and Japan-India investment flows.
August 25, 2026
Show AI Summary
Strategic investment partnership prioritises semiconductor manufacturing, resilient supply chains and advanced industrial collaboration between Indian and Japanese businesses.
India-Japan economic cooperation is directed toward deeper trade, investment, technology and business-to-business linkages, including economic security, supply-chain resilience, clean energy and innovation. Collaboration is focused on capital goods, machinery, automotive and advanced manufacturing, with stronger connections between Japanese enterprises and India's Tier-II and Tier-III suppliers, including Micro, Small and Medium Enterprises. Semiconductor manufacturing is identified as a significant investment area. The India-Japan Special Strategic and Global Partnership supports expanded engagement with manufacturing ecosystems, global value chains and resilient supply chains.
August 25, 2026
Show AI Summary
Bilateral trade and investment cooperation advances through customs alignment, digital payment integration, market access discussions and investment treaty completion.
India-Cambodia trade and investment cooperation addressed trade diversification, market access, customs alignment, digital payments and investment facilitation. Discussions covered traditional medicine, e-governance, recognition of the Indian pharmacopeia, trade statistics, agricultural cooperation, banking and insurance. The parties agreed on an MoU on Customs Cooperation to promote uniform customs procedures and considered early completion and signature of the Bilateral Investment Treaty. UPI-KHQR payment integration, investment promotion, priority-sector cooperation and a private-sector feedback mechanism were also discussed.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

31 Proposals of FDI Amounting to Rs. 3844.70 Crore Approved.

July 19, 2011

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Press Information Bureau
Government of India
Ministry of Finance

19-July-2011 17:58 IST

31 Proposals of FDI Amounting to ` 3844.70 Crore Approved

 

 

            Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 6, 2011, Government has approved 31 Proposals of Foreign Direct Investment amounting to 3844.70 crore approximately. 

                                                                                                                                                                                                                                                                                                      

            Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 06.07.2011     

            Following 31 (Thirty one) proposals have been approved.

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In crore)

CIVIL AVIATION

1

M/s Celebi Hava Servisi A.S. Turkey

Transfer of shares from Non Resident (NR) to NR to carry out the third party Ground Handling Services at Mumbai Airport.

No Fresh Inflow

CORPORATE AFFAIRS

2

M/s Cox & Kings Ltd., Mumbai

To allot warrants together with secured redeemable non-convertible debentures (“NCDs”) and/or equity shares and/or convertible securities other than warrants (“Convertibles”), through a Qualified Institution Placement (QIP) to the non-resident Qualified Institutional Buyers (QIBs) to carry out the business of Leisure travel services, corporate travel services, visa processing services and foreign exchange services.

750.00

ECONOMIC AFFAIRS

3

M/s Europ Assistance India Pvt. Ltd., Mumbai

Ex-post-facto approval for conversion of pre-incorporation expenses to carry out the business of providing services related to travel, automobile and medical and act as logistic inhouse for travel related activity.

0.15

4

M/s GGV Managerial Services Pvt. Ltd., Hyderabad

To issue shares against the amount received upon termination of the lease to carry out the business of development and implementation of managerial and technical support systems for processing, electronic filing, accounting processes, expense management, budgeting.

0.16

5

M/s InMobi Technologies Pvt. Ltd., Bangalore

Transfer of shares by way of share swap to carry out the business of Developing software and licensing it to Advertising Network related business.

No Physical inflow

6

M/s Vertex Securities Ltd.

Ex-post-facto approval for non-compliance of minimum capitalization norms.

1.70

FINANCIAL SERVICES

7

M/s Deepshikha Trading Company Pvt. Ltd., Kolkata

To allow conversion of non repatriable shares purchased on payment of foreign exchange into repatriable shares, so as to enable its sale to Resident companies.

No Fresh Inflow

8

M/s Asia Pragati Capfin Pvt. Ltd., Delhi

Conversion of an operating company into  an operating cum investing company to make downstream investment in various Indian companies, including Venture Capital Funds, Private Equity Funds and Mutual Funds.

No Fresh Inflow

9

M/s Multiples Pvt. Equity Fund – Scheme-1, Mumbai

To issue units, to make investments in securities of the Indian companies and to distribute income realized on its investment.

1000.00

INFORMATION & BROADCASTING

10

M/s Big Showbiz Broadcast Ltd., Delhi

Induction of foreign equity and conversion of operating company into an operating cum investing company to invest, from time to time, in other companies engaged in, or proposing to engage in, up-linking and down-linking of non-news and non-current affairs television channel and/or related activities.

79.14

POWER

11

M/s Hinduja Energy (India) Ltd., Mumbai

Induction of foreign equity into an Indian company which does not have any operations and also does not have any downstream investments.

400.00

STEEL

12

M/s Stemcor Holdings Ltd., UK

Acquisition of shares by way of share swap in mining sector.

No Fresh Inflow

TOURISM

13

M/s Middle East Hotel Company Pvt. Ltd., Kerala

Ex-post-facto approval from for (i) transfer of shares from NRIs (acquired from their Rupee resources as Residents) to NR Company, (ii) conversion of non-repatriable equity into repatriable equity which was from their rupee resources and (iii) payment of sale consideration by NR in INR.  The company is engaged in the business of hotels & restaurants.

No Fresh Inflow

URBAN DEVELOPMENT

14

M/s Brahma Center Development Pvt. Ltd., Delhi

To issue equity shares against the initial bid amount paid to HSIIDC to carry out the business of Builders, developers & infrastructural contractors.

62.00

COMMERCE

15

M/s Ferragamo International B.V. Netherlands (M/s Ferragamo Retail India Pvt. Ltd.

Change of name of the foreign collaborator due to internal restructuring of the group and subsequent merger.  The company is engaged in the business of single brand retailing.

Nil

ECONOMIC AFFAIRS

16

M/s Ghir Investments (Mauritius) Ltd.

Amendment in FC approval for increase in foreign equity percentage in an investing company.

Included in earlier approval

INFORMATION & BROADCASTING

17

M/s Ortel Communications Ltd.

To issue equity shares to NR to the extent that the foreign shareholding in the company post the issue shall remain within the ceiling of 49% of its paid equity share capital.  The company is engaged in the business of building hybrid fibre coaxial (HFC) communications network to provide a range of telecom value added services such as High Speed Internet Access, Cable Television and Basic Telephony, E-Commerce, and Video Conferencing.

Not available

18

M/s G+J International Magazines GmbH, Germany

To increase foreign equity percentage to carry out the business of publication and sale of speciality and life style magazines.

21.54

ECONOMIC AFFAIRS

19

M/s Natixis Global Asset Management, France

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

300.00

20

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

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

852.60

21

M/s BNP Paribas S.A. Paris

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

225.00

DEFENCE PRODUCTION

22

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.

4.45

INDUSTRIAL POLICY & PROMOTION

23

M/s Precision Electronics Pvt. Ltd.

To undertake the additional activity in the defence sector.

No Inflow

24

M/s Interglobe Enterprises Ltd.

To set up separate joint venture companies to run duty free shops at specified International Airports.

Nil

PETROLEUM & NATURAL GAS

25

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

Induction of foreign equity by a company from Bangladesh.

4.59

TELECOMMUNICATIONS

26

Mr. M. Rezaul Hassan and Ms. Monnujan Nargis, Bangladesh

Ex post facto approval to set up a WOS to undertake the business of Software development Services by citizens of Bangladesh.

0.01

ECONOMIC AFFAIRS

27

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.

45.00

INDUSTRIAL POLICY & PROMOTION

28

M/s Mecords India Ltd.

Ex-post-facto approval for issue of partly paid up equity shares.

17.36

29

M/s Ybrant Digital Ltd.

Ex post facto approval for issue of warrants to carry out the business of Software Development, IT and IT enabled services.

45.00

30

M/s Amrit Jal Ventures 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.

Nil

TELECOMMUNICATIONS

31

M/s B4U Television Network (India) Pvt. Ltd.

Induction of foreign equity by an erstwhile OCB to carry out the business of up-linking a non-news and current affairs TV channel.

36.00

The following 18 (Eighteen) proposals have been deferred:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Allcargo Global Logistics Ltd., Mumbai

Ex post facto approval to issue and allot optionally convertible warrants to carry out the business of logistics business comprise of the Multi-modal Transport Operations, Inland Container Depot/Container Freight Stations, Project Cargo Handling, Equipment Hiring, Warehousing.

2

M/s Spiral EHL Engineering Pvt. Ltd., Delhi & Haryana

Induction of foreign equity to carry out the business of manufacturing military aero structures and other related items and services.

3

M/s JAS Forwarding Worldwide Pvt. Ltd., Delhi & Haryana

Ex-post–facto approval for issue of shares against advance received.

4

M/s Kae Capital Trustee Company Pvt. Ltd., Mumbai

Induction of foreign equity in a Fund to undertake the business of making investment in various portfolio companies.

5

M/s Financial Planning Corporation India Pvt. Ltd., Mumbai

To undertake the additional activity of publishing speciality journal/magazines pertaining to various aspects of financial planning.

6

M/s Fine Publishing India Pvt. Ltd., Delhi

Induction of foreign equity to carry out the business of publishing specialty technical magazines covering the subject of wine and champagne.

7

M/s IPFonline Ltd., Chennai

Induction of foreign equity by way of downstream investment to carry out the business of publishing/printing of technical magazines/ periodicals/journals.

8

M/s Cordia International Corp., USA

To increase shareholding from 49 percent to 74 percent to carry out the business of telecommunication and act as a services provider. Services include but are not limited to the provision of IP communication services and related services, technology related products and services, web hosting, collection and ISP services.

9

M/s Air Works India (Engineering) Pvt. Ltd.

To act as investing-cum-operating company to make downstream investments in companies in India, engaged in the aviation services business.

10

M/s Dish TV India Ltd.

Transfer of shares from NR to NR to carry out the business of telecommunication equipment and provide management and marketing of ‘agrani’ services i.e. in the area of Mobile Satellite Communications.

11

M/s Walt Disney Company India Pvt. Ltd.

To undertake the additional activity of Broadcasting and downlinking.

12

M/s Vodafone Essar Ltd.

Transfer of shares from NR to NR to carry out the activities relating to Telecommunication.

13

M/s G4S Security Services (India) Pvt. Ltd., Delhi & Haryana

Ex-post-facto approval for induction of foreign equity to carry out the business of providing security services.

14

M/s Hughes Communications India Ltd.

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

15

M/s UT Starcom India Telecom Private Limited

To undertake additional activity relating to Telecom/I&B sector.

16

M/s Essar Capital Holdings (India) Ltd., Mumbai

Acquisition of equity shares by way of subscription to new equity shares and/or purchase of existing equity shares in an investing company engaged in the telecom sector.

17

M/s Harsh Intertrade Private Limited, Ahmedabad

Ex-post-facto approval for allotment of shares against the amount received and kept in Escrow account.  The company is engaged in the business of Development and Management of Hotels.        

18

M/s Shiva Regency Pvt. Ltd., Ahmedabad

Ex-post-facto approval for allotment of shares against the amount received and kept in Escrow account.  The company is engaged in the business of Development and Management of Hotels.

The following 3 (Three) proposals have been rejected:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Goldshield Group Ltd.

To exit from the real estate business by way of either or any combination as under:-

(i) Repatriation of cash/bank balance; and/or (ii) Sale of undeveloped land and repatriation of such sale proceeds to the applicant after payment of relevant taxes and compliance with regulatory laws of India; and/or (ii) Sale of shares to Indian company.

2

M/s Verizon Communications India Pvt. Ltd.

Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.

3

M/s ASP Sealing Products Ltd.

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

The following 2 (Two) proposals have been advised to access automatic route. 

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(` in crore)

1

M/s Dhruv Axon Interconnect Pvt. Ltd., Karnataka

To undertake the additional activities of an Indian Defence Offset Partner by supplying certain components to manufacturers and suppliers of products for the defence sector under the Defence Offset Policy.

0.02

2

M/s SightLife USA

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

0.05

The following 1 (One) proposal has been withdrawn from the Agenda. 

Sl. No.

Name of the applicant

1

M/s TM Harbour Services Pvt. Ltd.

DSM/SS/GN

 

Topics

Acts Income Tax