| Michelin inks pact for factory in Chennai | 17-NOV-09 |
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| France’s Michelin, the world’s second largest tyre manufacturer, signed a memorandum of understanding with the Tamil Nadu government on Monday to set up a factory near Chennai. The project would attract Rs 4,000 crore investment over the next seven years. |
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| Dainik Bhaskar, Travel Channel get FIPB nod | 20-OCT-09 |
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| A proposal from the Dainik Bhaskar media group to allow more foreign equity in it and another one from Travel Channel International, UK, for setting up an Indian subsidiary, have been approved by the Foreign Investment Promotion Board (FIPB). |
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| PE firm gets nod for Mauritius money, finally | 16-AUG-09 |
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| The Foreign Investment Promotion Board, or FIPB, has approved Bangalore-based Forum Synergies PE Fund Managers’ proposal to get Rs 651 crore investment from Mauritius-based India Knowledge Manufacturing Company (IKMC). |
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| FIPB rejects Cargill Capital's two-year extension plea | 13-AUG-09 |
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| Cargill Capital & Financial Services India faces revocation of its Non-Banking Financial Company (NBFC) status unless it brings in additional equity by September 2. The Foreign Investment Promotion Board (FIPB) has rejected its application for extension of the deadline to bring in $41.7 million as foreign direct investment from its Netherlands-based parent, Cargill Holdings BV. The company needs the money to meet the capitalisation norms. |
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| FIPB to consider Rs 547 cr FDI proposal of Teesta Urja | 09-JUL-09 |
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| The Foreign Investment Promotion Board (FIPB) will consider tomorrow the Rs 547.2 crore FDI proposal of Teesta Urja, a special purpose vehicle incorporated to develop the 1,200 Mw Teesta hydro-power project in Sikkim. |
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| FIPB says Press Notes 2, 4 can't be retrospective | 30-JUN-09 |
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| The Foreign Investment Promotion Board (FIPB) has made it clear that Press Notes 2 and 4 issued in February 2009, which changed the way indirect foreign equity would be treated in calculating foreign investment levels in Indian corporations, cannot take effect retrospectively for proposals before the board. |
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| DEA asks for details on Bharti-MTN deal from DoT | 23-JUN-09 |
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| The Department of Economic Affairs (DEA) of the finance ministry has sought details from the Department of Telecommunications (DoT) on the $23-billion deal between Indian telecom major Bharti Airtel and South African telco MTN. |
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| FIPB to hear Houghton Hardcastle India's objections | 15-JUN-09 |
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| The Foreign Investment Promotion Board (FIPB) will again hear the objections of fire-treatment product manufacturer Houghton Hardcastle India Ltd to the investment approval the Board gave to US-based Houghton International. |
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| FIPB defers decision on Telenor stake | 09-JUN-09 |
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| The Foreign Investment Promotion Board (FIPB) has deferred the decision of allowing Norwegian telecom firm Telenor to hike stake in its Indian telecom joint venture Unitech Wireless up to 74 per cent as the Ministry of Home Affairs has asked for more time to examine the deal. |
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