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    CCI approves the acquisition of certain equity share capital in IndiaFirst Life Insurance Co. Ltd. by BNP Paribas Cardif
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September 30, 2026
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Equity acquisition in a life insurer receives competition clearance for BNP Paribas Cardif's proposed investment.
Competition Commission of India approval covers a proposed combination under which BNP Paribas Cardif will acquire certain equity share capital in IndiaFirst Life Insurance Company Limited. The transaction is an acquisition of an ownership interest in an Indian life insurer. IndiaFirst Life Insurance Company Limited is incorporated in India, is an IRDAI-licensed insurer, and provides life insurance in India.
September 30, 2026
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Merger control clearance permits Chubu's acquisition of equity in Continuum Green Energy through primary and secondary transactions.
Competition Commission of India approval covers the acquisition of certain equity shareholding in Continuum Green Energy Limited by Chubu Electric Power Company Netherlands B.V. The proposed combination comprises a primary subscription for, and secondary purchase of, the Target's equity shares from Continuum Green Energy Holdings Ltd., Singapore. The Target and its Indian subsidiaries primarily generate and sell renewable power from wind and solar sources.
September 30, 2026
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Competition clearance authorises Bain Capital funds to acquire majority control of Everllence through a share transfer from Volkswagen.
Competition approval covers the indirect acquisition of a majority of the shares and voting rights in Everllence SE and its direct and indirect subsidiaries by funds managed or advised by Bain Capital Investors, LLC, from Volkswagen Aktiengesellschaft through a share transfer. Nikolaus (BC) Bidco GmbH acts as the purchaser and is a special purpose vehicle ultimately controlled by Bain Capital-managed or advised funds.
September 30, 2026
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Full-shareholding acquisition in crop protection receives competition clearance, combining businesses spanning agrochemicals, seeds, and agricultural equipment.
Competition Commission of India approved Crystal Crop Protection Limited's acquisition of the entire, fully diluted shareholding of FMC India Private Limited from FMC Netherlands Holdings II B.V. and its affiliates. The approved combination comprises the acquisition of 100% of FMC India's shareholding by Crystal Crop. Crystal Crop is an Indian public limited company engaged in development, manufacture, and distribution of crop protection products, seeds, and agricultural equipment.
September 30, 2026
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Investment facilitation supports cross-border manufacturing, technology, supply-chain, and business expansion partnerships between the two economies.
India-U.S. economic engagement extends beyond conventional trade to investment, manufacturing, technology, innovation, resilient supply chains, and high-value capabilities. Business engagement with manufacturing and technology companies addresses opportunities in India and expansion of partnerships. The Government of India indicates readiness to facilitate corporate operations, expansion, and investments in India.
September 30, 2026
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Monthly fiscal accounts report receipts, tax devolution, and revenue and capital expenditure against budget estimates.
Monthly accounts up to August 2026 record total receipts of Rs.13,67,709 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution to State Governments totals Rs.5,90,391 crore. Total expenditure is Rs.20,77,958 crore, divided between revenue expenditure of Rs.15,68,009 crore and capital expenditure of Rs.5,09,949 crore, with revenue expenditure including interest payments and major subsidies.
September 28, 2026
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September 28, 2026
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Cross-border investment facilitation under CEPA supports local-currency settlement, payment integration, joint projects and timely resolution of investor concerns.
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September 28, 2026
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Return filing and tax audit deadlines are extended for the identified taxpayer category under the applicable statutory framework.
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Courier-based gold smuggling enforcement targets concealed distribution through paper entities and foreign-origin gold consignments nationwide.
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September 28, 2026
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Anti-drug awareness and cultivator outreach combine prevention, direct grievance redressal, and safeguards against illicit narcotics diversion.
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September 28, 2026
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NDPS enforcement targets concealed poppy straw, opium and cannabis trafficking through seizures, arrests, and continuing supply-chain investigation.
Narcotics enforcement operations in Rajasthan led to seizures of poppy straw, opium, hydroponic cannabis, cash, vehicles and a loaded country-made pistol, with four arrests. Poppy straw was recovered from vehicles and premises, including a truck where it was concealed beneath cement bags. Opium and cash were recovered from residential premises, while hydroponic cannabis concealed in an international parcel was recovered at the Foreign Post Office, Jaipur. The seized articles were taken under relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, and supply-chain investigation continues.
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Free trade agreement market access is positioned to expand export opportunities and international investment for local entrepreneurs.
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September 28, 2026
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Multilateral infrastructure cooperation guides annual development bank participation and bilateral engagement on sustainable investment and economic connectivity.
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September 25, 2026
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Reciprocal trade agreement negotiations face tariff and subsidy pressures as both governments pursue lower bilateral trade barriers.
India-US bilateral trade negotiations seek completion of the first-phase Bilateral Trade Agreement through a reciprocal trade arrangement lowering trade barriers and tariffs. Further negotiations are required because of changed US tariff conditions, forced-labour tariffs on Indian goods, a possible investigation into excess industrial capacity and subsidies, and sanctions legislation relating to Russia. Ministerial and bilateral engagements will review progress on the proposed reciprocal arrangement.
September 25, 2026
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Banking strike contingency measures direct customers toward advance transactions and digital channels as branch operations may be disrupted.
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September 25, 2026
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Government borrowing calendar: Reduced dated-securities borrowing will use weekly auctions, green bonds, switches and buyback operations.
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September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.

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31 FDI PROPOSALS APPROVED

January 29, 2009

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Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 9th January, 2009, Government has approved 31 Proposals of Foreign Direct Investment amounting to Rs. 1277.23 Crore approximately.  The proposals relate to Ministries/Departments, namely, Commerce, Economic Affairs, Telecommunication, Urban Development, Civil Aviation, Industrial Policy & Promotion, Post and Information & Broadcasting.                                                                                                                                                                                   

Details of the proposals approved are as follows:

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

COMMERCE

1

M/s Paul Hartmann Finance B.V. Netherlands

To set up a WOS to undertake wholesale trading.  The proposal attracts Press Note 1 of 2005.

1.70

2

M/s Now (Asia) INC. Mauritius

To manufacture equipment relating to petroleum sector, wholesale trading to customers only in the Petroleum sector.  The proposal attracts Press Note 1 of 2005.

28.00

ECONOMIC AFFAIRS

3

M/s Alcatel Lucent India Ltd., New Delhi

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

No Fresh Inflow

4

M/s Ramky Enviro Engineers Ltd., Hyderabad

Conversion of operating company into an operating cum holding company to make further downstream investment.

320.00

5

M/s Rama Cylinders Pvt. Ltd., Mumbai

To issue and allot fully funded/ paid warrants.

84.03

6

M/s Universal Music India Pvt. Ltd., Mumbai

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

1.20

7

M/s Cambridge Technology Enterprises Ltd., Hyderabad

Transfer of shares by way of share swap and issuance of warrants.

0.20

8

M/s Si2 Microsystems Ltd., Bangalore

Conversion of operating company into an operating cum holding company to make further downstream investment.

62.332

9

M/s Haven Stead Developer Ltd., Chennai

Conversion of operating company into an operating cum holding company to make further downstream investment.

25.00

10

M/s Easiprocess Pvt. Ltd., Bangalore

Conversion of operating company into an operating cum holding company to make further downstream investment.

2.00

11

M/s Millennium Holdings Ltd., Mauritius

Conversion of operating company into an operating cum holding company to make further downstream investment.

14.79

12

M/s CMS Computers Ltd., Mumbai

Conversion of operating company into an operating cum holding company to make further downstream investment.

190.00

13

M/s Directi Internet Solution Pvt. Ltd., Mumbai

Conversion of operating company into an operating cum holding company to make further downstream investment.

No Fresh Inflow

14

M/s Bridgestone Corporation, Japan

Conversion of operating company into an operating cum holding company to make further downstream investment.  The proposal also attracts Press Note 1 of 2005.

33.30

15

M/s Neilsoft Ltd., Pune

Transfer of shares by way of share swap.

No Fresh Inflow

16

M/s Kaefer Punj Lloyd Ltd., Gurgaon

Conversion of operating company into an operating cum holding company to make further downstream investment.

25.16

TELECOMMUNICATION

17

M/s Bharti Telemedia Limited (No.344/2008-FC.I)

Ex-post facto approval for indirect foreign investment in a company engaged in Teleport sector.

No Fresh Inflow

URBAN DEVELOPMENT

18

M/s Isolux Corsan Indian Engineering & Construction Pvt. Ltd., Gurgaon

Conversion of operating company into an operating cum holding company to make further downstream investment.

01.0

CIVIL AVIATION

19

M/s Kerns Aero Products Pvt. Ltd.

(i) To issue shares against technical know how fee, training and supply of designs and (ii) issue of warrants.

10.00

INDUSTRIAL POLICY & PROMOTION

20

M/s Phillips Electronics India Ltd.

Conversion of operating company into an operating cum holding company to make further downstream investment.

No Fresh Inflow

21

M/s Morgan Stanley Financial Services Pvt. Ltd.

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

100.00

22

M/s Radha Krishna Hospitality Services Ltd.

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

No Fresh Inflow

TELECOMMUNICATION

23

M/s Pacific Internet Ltd.

To change the shareholding structure.  The company is engaged in providing internet services.

15.84

24

M/s Onmobile Global Ltd.

Transfer of the shares held by the company in favour of their 100% WOS.

No Fresh Inflow

URBAN DEVELOPMENT

25

M/s Cushman & Wakefield India Pvt. Ltd.

To delete one of the Clause of the FC approval.

No Fresh Inflow

COMMERCE

26

M/s ZF Friendrichsafen AG, Germany

To set up a new Joint Venture Company for manufacturing and marketing of rubber and rubber-to-metal parts for automotive industry, agriculture and construction machinery, railway and construction application.  The proposal attracts Press Note 1 of 2005.

0.005

POST

27

M/s Continental Air Express Pvt. Ltd.

Induction of foreign investment in courier services.

0.02

ECONOMIC AFFAIRS

28

M/s Dun & Bradstreet Information Services India Pvt. Ltd., Mumbai

To make investment of funds from its internal accruals or out of fresh remittances from the overseas company or by way of a combination of internal accruals and fresh remittances from the overseas company for equity participation of a minimum of 51% of the paid up equity share capital and also make further investments.

No Fresh Inflow

29

M/s Keystone Realtors Pvt. Ltd., Mumbai

Conversion of operating company into an operating cum holding company to make further downstream investment.

300.00

INFORMATION & BROADCASTING

30

M/s South Asian Regional Investments Singapore Pte Ltd., (2) M/s South Asian Regional Investment Singapore II Pte Ltd., Singapore

Sale and transfer of shares from resident shareholders to non-resident for owning and operating a language channel.  The proposal also attracts Press Note 1 of 2005.

 

60.00

31

M/s Dow Jones & Company Inc., USA

To make a WoS to carry out the publishing of facsimile editions of newspapers.

2.16

            The following 17 proposals have been deferred:

Sl. No

Name of the applicant

Particulars of the proposal

1

The Bank of Nova Scotia, Canada

To set up a WOS to undertake wholesale trading and hedging in precious metals etc.

2

M/s DNATA, UAE

To set up a JV company to provide ground handling services for both domestic and international operators as well as cargo handling and related services.

3

M/s Dynamatic Technologies Ltd., Bangalore

Ex-post facto approval for engaging in the business of defense and strategic industries.

4

M/s Indtech Construction Pvt. Ltd., New Delhi

Transfer of rights attached with warrants exercisable into equity shares.

5

M/s Sanlam Investment Management (Pty) Ltd., South Africa

Issue of warrants and conversion of operating company into an operating cum holding company to make further downstream investment.  One of the downstream subsidiaries is engaged in the commodity broking.

6

M/s Logix Microsystems Ltd., Bangalore

Transfer of shares by way of share swap.

7

M/s ABG Bulk Handling Pvt. Ltd., Mumbai

Conversion of operating company into an operating cum holding company to make further downstream investment.

8

M/s Noida Softwares Technology Park Ltd.

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

9

M/s Mahindra Forgings Ltd.

Transfer of shares from a resident to a non-resident on a Stock Exchange.

10

M/s ABG Kandla Container Terminal Ltd.

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

11

M/s ELbee Express Pvt. Ltd.

To issue and allot Cumulative Compulsory Convertible Preference shares.  The company is engaged in the business of providing courier and logistics services.

12

M/s Chorus Call Conferencing Services India Pvt. Ltd.

To increase the FDI from existing 51% to 74% of the paid up capital of the company in telecom sector.

13

M/s World Space (I) Pvt. Ltd.

To provide/undertake the activities of web based services.

14

M/s Genworth Financial Inc, USA

Amendment in the existing FIPB approval.

15

M/s High Mark Credit Information Services Pvt. Ltd., Mumbai

To issue and allot up to 10% of the issued share capital.

16

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

17

M/s JT International Mauritius Pvt. Ltd

To increase in foreign shareholding from 50% to 74%.

            The following 4 proposal has been rejected:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s RBS Credit and Financial Development Pvt. Ltd., Kolkata

Conversion of operating company into an operating cum holding company to make further downstream investment.

2

M/s Vatika Limited, New Delhi

To retain the completed non FDI compliant projects/ assets and to exercise the option to retain the incomplete non-FDI complaint projects/ assets, post the infusion of FDI from various sources.

3

M/s GSR Sugars Pvt. Ltd., Hyderabad

To issue "share option" convertible into equity shares.

4

M/s Meta Telecom Pvt. Ltd.

Increase in Foreign equity from 40% to 73.45% in a company engaged in ILD and NLD Services.

The following three proposals have been recommended for the consideration of CCEA, as the investment involved in the proposals is above Rs. 600.00 Crore.      

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Orange Realty Pvt. Ltd., New Delhi

Conversion of operating company into an operating cum holding company to make further downstream investment.

2051.00

2

M/s NTT Docomo Inc., Japan

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

12924.00

3

M/s NTT Docomo Inc., Japan$

Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

949.07

$          The Proposal will be placed before CCEA only after receipt of security clearance from MHA.           

The following 1 (One) proposal has been withdrawn by the applicant.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s. EZY Infosoft Private Limited, Chandigarh

Conversion of operating company into an operating cum holding company, transfer of shares by way of share swap.  Proposal also attracts Press Note 1 of 2005.

******

BSC/BY/GN-20/09

Topics

Acts Income Tax