Bharti will move FIPB soon for increasing Axa's stake to 49%
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
Tata-SIA have applied to the Civil Aviation Ministry for a no-objection certificate to start a full-service airline in India.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
Singapore Airlines will hold 49 per cent stake in the airline, while the rest will be held by the Tata group.
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
Karti contended that the lookout circular was part of the Centre's 'political vendetta'.
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These are FM radio, uplinking news & current affairs, print media (news & current affairs), commodity exchanges, stock exchanges along with depositories and clearing corporation, power exchanges, petroleum & natural gas refining, insurance, defence production and private security agencies.
The ban has been in force since last Friday.
The move comes after CBI gets sanction to prosecute him in Aircel-Maxis case
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
AirAsia India, which is using the training facilities of its parent airline AirAsia in Malaysia, plans to set up similar facilities in India in the coming years, airline sources said.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'
The Enforcement Directorate opposed the bail application before special judge O P Saini in its written submission and sought time to argue the matter.
A bench of Justices R Banumathi and A S Bopanna said it would hear the arguments of the Enforcement Directorate on Chidambaram's two petitions, including the challenge to remand orders, on Wednesday.
Justice A K Pathak had asked Chidambaram to join questioning and cooperate in the investigation as and when called by the CBI.
Earlier, the JV company got a go-ahead from the Foreign Investment Promotion Board in October 2013 and was awaiting AOP for launching a full-service carrier.
Oppo's FDI application approved for single-brand retail trading
About 11 entities may be charged in the first charge sheet in the case, the sources said without elaborating on the issue.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Addressing the BRICS investment seminar in Mumbai ahead of the 5-nation Summit in Goa on October 15-16, Jaitley said the government has put FDI on automatic route in almost 90 per cent of the areas that are eligible for foreign direct capital.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
Over 100 questions on various aspects of the case were drafted by investigators which were put to 45-year-old Karti.
The Sensex and the Nifty had touched a low of 27,921 and 8,349 respectively.
The event will aim at drawing foreign investment in startups and push local partnerships.
Justice Suresh Kait issued a notice to the CBI on Chidambaram's bail plea in which he has claimed that it was the case of 'political vendetta'.
May include 'influencing a company's major policy decisions' in the current meaning.
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
The statements of the Mukerjeas were recorded by the Enforcement Directorate, which is probing the money laundering angle in the case, while the CBI had only recorded Indrani's statement before a magistrate as per section 164 of the CrPC, they said.
The CBI had summoned Karti to appear before it on October 4.
In his petition, Karti contended that the July 18 circular had been issued arbitrarily and without jurisdiction by the Foreigner Regional Registration Officer and The Bureau of Immigration under the Union home ministry at the behest of different agencies to prevent him from travelling abroad.
The proposal will now be considered by the Cabinet Committee on Economic Affairs.
Jaitley's Budget has the potential to change the face of Modi's Bharat
India already allows 100 per cent ownership of greenfield pharma businesses.
According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.
