In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment in its space sector. Private sector participation India has taken significant steps to privatise space launches, aiming for a substantial increase in its share of the global launch market. With projections suggesting the space …
The Union cabinet chaired by Prime Minister Narendra Modi on Saturday allowed up to 20% foreign direct investment in state-run Life Insurance Corporation under the automatic route, paving the way for participation of overseas funds in one of the country’s biggest initial public offerings, expected next month, two officials aware of the development said. One of the officials said the …
New Delhi: The Union Cabinet on Saturday permitted up to 20 per cent foreign direct investment under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country’s largest insurer, sources said. Since as per the present FDI policy, the foreign inflows ceiling for public sector banks is 20 per cent under government approval route, it has …
Last month, the government issued clarifications regarding its earlier press note on 26% foreign direct investment in digital news sites, a move that has left several questions unanswered. To be sure, experts in internet law feel that although there may be a need to introduce regulatory frameworks that can govern digital news media in a manner that ensures accountability, best …
The government has notified changes in Foreign Direct Investment norms on civil aviation, which will permit non-resident Indian nationals to own 100 per cent stake of Air India. "Foreign investments in M/s Air India Limited, including that of foreign airlines shall not exceed 49 per cent either directly or indirectly except in case of those NRIs, who are Indian Nationals, …