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October 19, 2026
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Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
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Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
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Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
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A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
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Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
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October 14, 2026
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Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
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Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

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14 Proposals Amounting to Rs 113.35 Crore of Foreign Direct Investment Approved by FIPB

October 8, 2012

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Press Information Bureau

Government of India

Ministry of Finance

08-October-2012 15:55 IST

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 18, 2012, the Central Government has approved fourteen (14) proposals of Foreign Direct Investment amounting to Rs.113.35 crore approximately.

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on18.09.2012 are as follows:           

Following 14 (Fourteen) proposals have been approved. 

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. In crore)

CONSUMER AFFAIRS

1

M/s Alburaq Trading LLP, Maharashtra

Induction of foreign equity into an LLP which deals in rice, black pepper, coffee, milk etc and other ancillary business.

0.40

ECONOMIC AFFAIRS

2

M/s Neo Capricorn Plaza Pvt. Ltd., Mumbai

Post-facto approval for issue of partly paid up shares to carry out the business of construction of five star hotels.

11.87 (already brought)

3

M/s Cardo India Pvt. Ltd., Mumbai

Infusion of foreign investment into the Indian company which does not have any operations and also does not have any downstream investments.

1.30

ELECTRONICS & INFORMATION TECHNOLOGY

4

M/s Egon Software Pvt. Ltd., Pune

Ex post-facto approval for issue of partly paid up shares to carry out the business of IT & ITES enabled services.

2.23 (already brought)

INFORMATION & BROADCASTING

5

M/s Harkness Screens India Pvt. Ltd., Bangalore

Conversion of a company into an LLP, which is engaged in the business of manufacturing, dealing in importing /exporting all types of films, cinema and projection screen surfaces, customs screens and allied products.

Nil

6

M/s Global Fairs & Media Private Limited, Delhi

To undertake an additional activity of publishing speciality periodicals/magazine.

Nil

HEALTH & FAMILY WELFARE

7

M/s TherDose Pharma Pvt. Ltd., Hyderabad

Post facto approval for transfer of shares to carry out the business of manufacturing of pharmaceutical preparations.

No fresh inflow

8

M/s Prime Surgical Centers Private Ltd., Pune

To set up an LLP to carry out the business of establishing and managing short stay surgery centres in India with its flagship centre in Pune.

14.00

PHARMACEUTICALS

9

M/s Calyx Chemicals and Pharmaceuticals Limited, Mumbai

Post facto approval for the preferential allotment of equity shares to carry out the business of manufacturing of active pharmaceuticals ingredients and intermediates in India and manufacture of macrolides, anti- tuberculosis and anti-depressants and manufacturing services to transnational pharmaceutical companies.

3.07

 CONSUMER AFFAIRS

10

M/s Pipavav Defence and Offshore Enginerring Company Ltd.

Increase in foreign equity by way of issuance of FCCBs to carry out the business of shipbuilding, ship repairs, offshore assets production etc and production of ships/vessels including for defence sector.

Not indicated

11

M/s Hay House Publishers (India) Pvt. Ltd.

Deletion of the condition relating to compounding.  The company is engaged in printing of foreign books in India and distribution in India of foreign books, deck cards and audios, on various literary, social, health, agricultural, medical rural and all non political subjects

Nil

INFORMATION & BROADCASTING

12

M/s Scribble Media & Entertainment Pvt. Ltd., Hyderabad

Induction of foreign equity to carry out the business of publication of evening news publication titled “Post Noon”.

2.5

PHARMACEUTICALS

13

M/s Advanced Enzyme Technologies Ltd., Maharashtra

Preferential allotment of shares, to be subscribed by both Indian and foreign companies and the Indian holding is proposed to increase.  The Indian company is engaged in the business of pharmaceuticals sector.

9.76

14

M/s Dashtag, United Kingdom

Increase in foreign equity to carry out the business of pharmaceuticals specializing in dermatology, anti-histamines, antibiotics and oncology products.

68.22

2. The following 9 (Nine) proposals have been deferred:

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s Aon Holdings B.V., Netherlands

Post facto approval for induction of foreign equity to carry out the business of Insurance broking, and risk advisory services.

2

M/s Acebright (India) Pharma Pvt. Ltd., Karnataka

Post facto approval for issuance of equity shares and approval for issue of further shares to carry out the business of manufacturing of pharmaceutical ingredients.

3

M/s Erica Healthcare Pvt. Ltd., Mumbai

Increase in foreign equity engaged in the pharmaceutical sector.

4

M/s Adcock Ingram Healthcare Pvt. Ltd., Bangalore

Induction of foreign equity to carry out the business of maintaining transactional support offices with respect to the healthcare and proposed pharmaceutical’ manufacture, marketing and distribution of healthcare and pharmaceutical products.

5

M/s Multi Commodity Exchange of India Pvt. Ltd.

Post facto approval for FDI received before issuance of Press Note 2 of 2008.  The company is engaged in the business of trading in commodities.

6

M/s Augere Wireless Broadband India Pvt. Ltd.

Post facto approval for capitalisation of the expenses to carry out the business of Broadband wireless services, internet services and other telecommunication   related services.

7

M/s Multi Screen Media Pvt. Ltd.

Induction of foreign equity to carry out the business of production of television programmes in India languages primarily for export, sale and distribution of Indian language audio visual production. Downlink   certain TV channels.

8

M/s KSK Energy Ventures Ltd.

The Delhi High Court, vide Order dated 1.8.2012, have disposed off the matter with the direction that the application dated 2.3.2012 of M/s KSK Energy Company Pvt Ltd filed before the FIPB, has to be disposed off within 3 months i.e. by 30.11.2012 in accordance with law.

9

M/s Deutsche Investments India Private Limited, Mumbai

Proprietary trading as a part of tis existing NBFC activities.

3. The following7 (Seven) proposals have been rejected:

Sl.No

Name of the applicant

Particulars of the proposal

1

M/s Nitor Infotech Pvt. Ltd., Mumbai

Post facto approval for allotment of equity shares against pre-incorporation expenses to carry out the business in the field of information technology, e-commerce, computer software, and software packages, products, customize software, embedded software, system tools, information technology products, equipments.

2

M/s ECL Engineering Services India Pvt. Ltd., Odisha

Past facto approval for capitalization of pre-incorporation and pre-operative expense to carry out the business of providing services to aluminium smelter equipments, repair and maintenance of mining, metallurgical equipments.

3

M/s IPsoft Netherland BV

To set up an LLP to provide IT/IT enabled services.

4

M/s Filtrex Technologies Pvt. Ltd., Bangalore

Post facto approval for allotment of shares against (i) technical transfer fee (ii) management service fee to carry out the business of manufacturing of Activated Carbon Blocks and Surface Modification of Activated Carbon Granules used in Water Purification Industries.

5

M/s Endurance International Group Inc., USA, M/s Endurance Singapore Holdings Pte. Ltd., Singapore

To set up an LLP to carry out the business of web hosting, domain names and related services and other online applications and services such as website design, email services, project management and website security.

6

M/s Atlas Equifin Pvt. Ltd., Mumbai

Conversion of non repatriable investment into repatriable investment made by an erstwhile OCB and investment under rights issue in an investing company.

7

M/s British Marine India Pvt. Ltd., Mumbai

To issue equity shares equivalent to the net purchase consideration payable to Branch office of the foreign company.

 

* * * * *

DSM/RS/ka

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