FIPB

As per RBI, an Account Aggregator means a non-banking financial company (NBFC) that undertakes the business of an account aggregator, for a fee, among other services

The court had earlier reserved its order on bail applications moved by six bureaucrats who were part of the FIPB panel which granted approval to INX Media, in a case involving former FM P Chidambaram

The Chidambarams were present in the court

The ED said that the grant of bail to him by the court would go against its zero-tolerance policy against corruption and set a wrong precedent for corruption cases.

Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles

A bench comprising justices R Banumathi and A S Bopanna posted both the matters for hearing on Monday, August 26

The deal is being probed by the ED and the CBI on charges of alleged money laundering and corruption respectively

Consultants and legal experts admit there are no good ones to replace it with

Other investment proposals include those of Bluetown lndia, Ghel Rendev lndia, Baxter Healthcare

The Foreign Investment and Promotion Board (FIPB) has deferred Gland Pharma's - Shanghai Fosun deal worth $ 1.4 billion.It approved nine investment proposals, including those of Netmagic Solutions and Vodafone, totaling a foreign investment of Rs 659 crore. The inter-ministerial body, to be wound up soon, recommended to the Cabinet Committee on Economic Affairs a proposal by Apollo Hospitals to raise fresh equity shares for Rs 750 Crores through foreign investment. China's Shanghai Fosun planned to acquire 86% stake in India's Gland Pharmacueticals last year in July. Gland Pharma is a Hyderabad-based pharmaceutical company and is a specialist in injectable. This deal would boost the company's presence in Africa, Europe and Japan.This was the first deal in the pharmaceutical sector that was signed after the Centre eased FDI norms in May last year. The government had allowed inflow of upto 74% FDI in pharmaceutical companies through the automatic route.Fosun had worked out a clear-cut ..

Recipharm Participation BV of Netherlands alone will bring in investment of Rs 950 crore

India allows FDI in most sectors through the automatic route

These include the proposals of Dr Reddy's Laboratories and JC Decaux Advertising

FIPB cleared seven FDI proposals worth Rs 290 crore

The board has cleared 7 proposals including that of Tikona Digital Networks envisaging FDI of Rs 267 crore

Govt allows FDI in most sectors through automatic route but investment in certain sectors are cleared by FIPB

Time to review policy on single-brand retail restrictions

FIPB also recommends Axis Bank proposal to hike foreign investment in the bank to 74% from 62% currently

The Economic Affairs secretary also said that having sensitive sectors like defence means that the body will not be dissolved overnight

The proposal of Yes Bank to hike foreign investment limit to 74% from existing 41.87% without any sub-limits