Just a moment...

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 characters0/2000
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.
RelevanceDefaultDate
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
❯❯
MaximizeMaximizeMaximize
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 SummariesHide All Summaries
    July 31, 2026
    Show AI Summary
    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
    Show AI Summary
    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
    Show AI Summary
    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
    Show AI Summary
    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
    Show AI Summary
    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
    Show AI Summary
    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
    Show AI Summary
    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
    Show AI Summary
    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
    Show AI Summary
    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
    Show AI Summary
    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
    Show AI Summary
    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
    Show AI Summary
    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
    Show AI Summary
    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
    Show AI Summary
    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
    Show AI Summary
    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters

      28 FDI proposals cleared

      July 4, 2008

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 24th June, 2008, Finance Minister, Shri P. Chidambaram has approved 28 Proposals of Foreign Direct Investment amounting approximately to Rs. 1327.7251 Crore.  The proposals relate to Ministries/Departments, namely Chemicals & Petro-chemicals, Industrial Policy & Promotion, Information & Broadcasting, Urban Development, Tourism and Economic Affairs.            

      Following is the details of 28 approved proposals:

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In crore)

      ATOMIC ENERGY

      1

      M/s Global Energy Mining and Minerals KFT., Hungary

      Induction of FDI up to 74% in Mining and Separation of Titanium Bearing Minerals and Ores.

      24.05

      COMMERCE

      2

      M/s Giordano Fashions (India) Pvt. Ltd.

      To establish a chain of Single brand retail stores.  Press Note 3 of 2006 attracts.

      5.09

      3

      M/s Marks & Spencer Plc.

      Induction of 51% FDI for single brand retail trading.  Press Note 3 of 2006 attracts.

      .0051

      4

      M/s Pearle Europe B.V.

      Induction of 50% FDI for single brand retail trading.  Press Note 3 of 2006 attracts.

      Not indicated

      ECONOMIC AFFAIRS

      5

      M/s Aquamarine Resorts Pvt. Ltd., Mumbai

      To acquire the status of foreign owned Indian holding cum operating company to make downstream investment.  Proposal attracts Press Note 1 of 2005.

      90.00

      6

      M/s International Asset Reconstruction Co. Pvt. Ltd., New Delhi

      To issue and allot equity shares and compulsorily convertible preference shares up to 19.56% of its post-issue paid-up share capital, on a fully diluted basis.

      24.20

      7

      M/s Onmobile Global Ltd., Bangalore

      Acquisition of 100% equity share capital of a foreign company by share swap and cash basis.

      No Fresh Inflow

      8

      M/s Shetruns Hills Pte Ltd., Samoa

      Transfer of shares from erstwhile OCB to NRs.

      0.66

      FINANCIAL SERVICES

      9

      M/s HSBC Violet Investments (Mauritius), Mauritius

      Induction of foreign equity by way of acquisition and open offer of equity shares and conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      HEALTH

      10

      M/s Midmark Corporation, USA

      Induction of FDI up to 49% in a company engaged in the manufacture of SSI reserved items.

      1.11

      INDUSTRIAL POLICY & PROMOTION

      11

      M/s Simbiosys Biowares India Pvt. Ltd., Bangalore

      Conversion of operating company into holding cum operating company.

      No Fresh Inflow

      12

      M/s Mikuni Corporation, Japan

      To establish a WOS to undertake the business of manufacture, assembly and sale etc., of automotive components and other parts and sub-assemblies thereof for the two and three wheeler vehicles.  Proposal attracts Press Note 1 of 2005.

      20.00

      INFORMATION & BROADCASTING

      13

      M/s Getit Infoservices Ltd., New Delhi

      Issue of equity shares and zero coupon compulsorily convertible preference shares.  The Company is engaged in the publishing of scientific magazines/ specialty journals.

      23.00

      PETROLEUM

      14

      M/s ENI UK Holding PLC, UK

      Acquisition of shares of a Company engaged in the exploration, development and production of crude oil and natural gas in India.  Proposal attracts Press Note 1 of 2005.

      26.11

      POWER

      15

      M/s BBI Power Krishnapatnam Company, Hyderabad

      Issue of shares against remittances already received.

      No Fresh Inflow

      URBAN DEVELOPMENT

      16

      M/s Apricot Realtors Pvt. Ltd., Chennai

      To acquire the status of foreign owned Indian holding cum operating company to and to make downstream investment.

      No Fresh Inflow

      17

      M/s Macquarie India Properties Pty Ltd., Australia

      To set up a WOS to carry out investment advisory and financial consultancy services to the real estate investment industry and undertake investment research activities in connection therewith.  Proposal attracts Press Note 1 of 2005.

      2.25

      18

      M/s Eldeco Infrastructure & Properties Ltd., New Delhi

      Induction of foreign equity by way of subscribing to and acquisition of equity shares and change in status from operating company into operating cum holding company.

      195.67

      COMMERCE

      19

      M/s Esys Information

      To include some more trading/ manufacturing activities in existing activities and to do the business on wholesale basis and institutional sales.  To procure some of the items from the Small Scale Industries.

      No Fresh Inflow

      INDUSTRIAL POLICY PROMOTION

      20

      M/s Virgo Engineers Ltd.

      Transfer of Shares from NRI to NR.  The original investment was not received in foreign exchange since at the time of investment the applicant was resident of India and the shares were issued as bonus shares.

      No Fresh Inflow

      21

      M/s Parryware Roca Pvt. Ltd.

      To increase foreign equity from 50% to 100% and conversion from operating company to operating cum holding company to make downstream investment.

      741.48

      22

      M/s Mitsui & Co(I) Pvt. Ltd.

      To issue equity shares to square off the Security deposit amount.

      11.60

      23

      M/s G.E. Global Sourcing India Pvt. Ltd.

      Conversion of operating company to holding cum operating company to make downstream investment.

      No Fresh Inflow

      ECONOMIC AFFAIRS

      24

      M/s A.W. Faber Castell India Pvt. Ltd.

      Amalgamation/ merger of companies as approved by the High Court.

      No Fresh Inflow

      INFORMATION & BROADCASTIN

      25

      M/s Macmillian India Ltd.

      Publication of specialty magazine.

      No Fresh Inflow

      26

      M/s Multiscreen Media Pvt. Ltd.

      Issue of equity shares to resident and NR.  The 100% FDI is permissible through FIPB.

      158.39

      ECONOMIC AFFAIRS

      27

      M/s ITP Publishing India Pvt. Ltd., Mumbai

      Induction of foreign equity up to 100% in a company engaged in the activities of publishing of specialty magazines

      4.10

      COMMERCE

      28

      M/s Mokshayug Access (India) Pvt. Ltd., Bangalore

      Conversion of operating company into operating cum holding company to make downstream investment and to establish a WOS.

      0.01

      2.         The proposal of M/s R.E.D. Graniti SPA has been advised to access auto route.

      3.         The following 11 (eleven) proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Interglobe Enterprises Ltd., New Delhi

      To set up a new JV to undertake the operation and management of one or more duty free shops.

      2

      M/s Asia Motorworks Holdings Ltd., Mumbai

      Induction of foreign equity by way of subscribing to fully and compulsorily convertible debentures and conversion of operating company into an operating cum holding company.

      3

      M/s Perfect Circle India Ltd., Maharashtra

      Induction of FDI up to 51% in a company engaged in manufacture of internal combustion piston engines and other parts and accessories.  Proposal attracts Press Note 1 of 2005.

      4

      M/s Russell Square Holding B.V. Neetherland

      To setup a JV to undertake the business of Advertising.  Proposal attracts Press Note 1 of 2005.

      5

      M/s Mediacom Worldwide Incorporated, USA

      Setting up of a JV.

      6

      M/s Amar Ujala Publications Ltd.

      Amalgamation of two companies consequent upon the order of Hon'ble High court and induction of fresh FDI

      7

      M/s Transcend Infrastructure Ltd.

      Increase in FDI beyond 49% in building towers, acquiring towers or securing management rights of towers for the purpose of leasing or licensing the shares use of these towers to communications and broadcasting.

      8

      M/s RISH PTE Ltd., Cock Islands

      Post-facto approval for the FDI already brought in under automatic route, which otherwise requires FIPB approval.

      9

      M/s RISH PTE Ltd., Cock Islands

      Post-facto approval for the FDI already brought in under automatic route, which otherwise requires FIPB approval.

      10

      M/s JSW Infrastructure Ltd., Mumbai

      Ex-post-facto approval for having undertaken the activity of holding company.

      11

      M/s Broadband Pacenet (India) Pvt. Ltd., Mumbai

      Induction of foreign equity  by way of subscribing to or acquisition of shares up to 74% equity of the company

       

      BSC/SS/DN-171/08

       

      Topics

      ActsIncome Tax