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    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
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    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      Customs, DGFT & SEZ

      22 proposals of Foreign Direct Investment cleared

      April 27, 2009

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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 20th April, 2009, Government has approved 22 Proposals of Foreign Direct Investment amounting to Rs. 541.25 Crore approximately.  The proposals relate to Ministries/Departments, namely, Chemical & Petrochemicals, Commerce, Economic Affairs, Industrial Policy & Promotion, Information & Broadcasting, Power, Urban Development, Information Technology, and Telecommunication. 

                  Following 22 (Two) proposals have been approved.

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      ECONOMIC AFFAIRS

      1

      M/s Anant Raj Industries Ltd, New Delhi

      Ex-post facto approval for issuance of warrants converted into equity shares.

      90.24

      2

      M/s Gati Ltd, Secunderabad 

      Ex-post facto approval for allotment/ conversion of convertible warrants into equity shares.

      22.74

      3

      M/s Yash Technologies Inc. USA 

      Transfer of shares from erstwhile OCB to Foreign Investor.

      No Fresh Inflow

      4

      M/s Fortis Healthcare Ltd, New Delhi 

      Issue and allotment of Warrants convertible into equity shares.

      13.49

      5

      M/s Bronx Process Engineering (P) Ltd, Gurgaon 

      Post facto approval for issuance of partly paid up share capital.

      0.14

      6

      M/s Electrosteel Castings Ltd, Kolkata  

      Post facto approval for issuance of convertible warrants.

      157.47

      HOME AFFAIRS

      7

      M/s Xcel Telecom Pvt Ltd.

      Transfer of shares from NR to NR to carry out the activities in the Telecom Sector.

      No Fresh Inflow

      INDUSTRIAL POLICY & PROMOTION

      8

      M/s Hi Build Coatings Pvt Ltd.

      To make amendment in the FC approval.

      No Fresh Inflow

      INFORMATION & BROADCASTING

      9

      M/s Walt Disney Co (I) Pvt Ltd.

      To undertake the additional activities, viz., (i) business of home entertainment, and (ii) business of printing and publishing.

      No Fresh Inflow

      10

      M/s South Asia FM Ltd.

      To increase the foreign direct equity participation by way of subscribing to fresh equity shares or by way of purchase of existing equity shares or by a combination of both. The Company is engaged in the FM radio broadcasting services.

      Not indicated

       INFORMATION & TECHNOLOGY

      11

      M/s Webex Communications India Pvt Ltd.

      To issue shares against the credit balance due towards the company by the foreign collaborator.

      No Fresh Inflow

      TELECOMMUNICATION

      12

      M/s Premier Chemco Pvt Ltd.

      Transfer of shares from Resident to Non-resident in Telecom Sector.

      Not indicated

      TOURISM

      13

      M/s Four Seasons Hotels Ltd.

      To make amendment in the FC approval.

      No Fresh Inflow

      COMMERCE

      14

      M/s Comecer S.P.A. Italy

      To set up a WOS for undertaking the activities of trading of items sourced from small sector and Test marketing.

      18.00

      DEFENCE PRODUCTION

      15

      M/s MEL Systems and Services Ltd., Chennai

      To engage in the manufacture of defence related activities.

      No Fresh Inflow

      ECONOMIC AFFAIRS

      16

      M/s Akar Info-Media Pvt. Ltd., Ahmedabad

      Induction of foreign equity by issuing and allotting equity shares to carry out the activity of publishing of technical magazines.

      0.66

      17

      M/s DSP Technology India Pvt. Ltd., Bangalore

      Transfer of shares by way of share swap.

      No Fresh Inflow

      INFORMATION & BROADCASTING

      18

      M/s Noida Softwares Technology Ltd.

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

      No Fresh Inflow

      TELECOMMUNICATION

      19

      M/s Tikona Digital Networks Pvt. Ltd., Mumbai

      Induction of foreign investment by issuing CCDs and equity shares to undertake developing, establishing and operating infrastructure as a Category-A Internet Service Provider.

      237.26

      20

      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.

      1.00

       COMMERCE

      21

      M/s Nokia Corporation

      To set up a JV with 51% participation by way of equity shares/ compulsorily convertible debentures/ compulsorily convertible preference shares for retail trading of products under the single brand.

      0.25

      22

      M/s Yamaha Motor India Sales Pvt. Ltd.

      Transfer of business operations to a company engaged in the business of manufacture, sale, import & exports of motorcycles, bi-wheelers and parts thereof.

      No Fresh Inflow

       2. The following 6 (Six) proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Ortus Infratel and Holdings Pvt. Ltd., New Delhi

      Induction of FDI in the companies engaged in telecom infrastructure providers (Category-I) and conversion of operating company into operating cum holding company to make downstream investments.

      2

      M/s Information Tech Park, Bangalore

      Buy-back of built up space constructed by the company itself under the Industrial Park Policy and leasing out the same to clients.

      3

      M/s Quippo Telecom Infrastructure Ltd.(QTIL)

      Conversion of operating company into operating cum holding company to make downstream investments and demerger of passive telecom infrastructure business approved by the High Court of Andhra Pradesh.

      4

      M/s HP India Holdings Ltd, Mauritius

      To set up a JV company to undertake developing, owning and operating hotels in various cities and markets in India.  The proposal attracts Press Note 1 of 2005.

      5

      M/s United Breweries (Holdings) Limited, Bangalore

      Ex-post facto approval for (i) issue of fully convertible equity warrants, (ii) for allotment of fully paid up equity shares on conversion of convertible equity warrants, and (iii) for acting an operating cum investing company for making downstream investment.

      6

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

      To provide/undertake the activities of web based services.

       3. The following 2 (Two) proposal has been rejected:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Indium IV (Mauritius) Holdings Ltd, Mauritius 

      To make investment in the units of Fund.

      2

      M/s Al Khaleej Sugar International Ltd.

      To review and amend of the clauses of the FC approval.

       4. 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 (Rs. In Crore)

      1

      M/s Sandur Power Company Ltd, Bangalore

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

      No Fresh Inflow

      2

      M/s Cobol Technologies Pvt Ltd

      Conversion of operating company into an operating cum holding company and issue of Zero Coupon Fully convertible Debentures.

      150.35

      (30,050,000 USD)

       5. The following 01 (One) proposal has been recommended for transfer of the case to DIPP(PAB):      

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Hilton International Company

      To make amendment in the FC approval.

      No Fresh Inflow

       6. The following 01 (One) proposal has been recommended to advise the applicant to approach the Regulator:           

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Barclays Investments & Loans (India) Ltd

      Additional items being undertaken.

      No Fresh Inflow

      BSC/BY/DN-118/09

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