single trust searches fast ocl securities automatic route farmers growth airlines amazon sector chinas amnesty byjus india import rs followed start 2023 fema lic senior rbi seeking investors budget capital

Articles for Fdi, search results for stake

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue
2 years, 8 months ago

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

Firstpost  

The government is planning to dilute its stake in LIC through the the IPO. LIC in February had filed the Draft Red Herring Prospectus before the markets regulator Sebi for the IPO New Delhi: The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in the insurance …

Investment Foreign Investment Fema Public Ipo Lic Fdi
Centre amends FEMA rules to allow 20% FDI in LIC
2 years, 8 months ago

Centre amends FEMA rules to allow 20% FDI in LIC

Hindustan Times  

The government has amended rules of the Foreign Exchange Management Act, paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. Following the Cabinet approval, the Department for Promotion of Industry and Internal Trade on March 14 had amended the Foreign Direct Investment policy to facilitate overseas investment in LIC ahead of the …

Investment Fema Cent Foreign Ipo Lic Fdi
Cabinet allows up to 20% foreign direct investment in IPO-bound LIC: Sources
2 years, 9 months ago

Cabinet allows up to 20% foreign direct investment in IPO-bound LIC: Sources

Firstpost  

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 …

Crore Cabinet Foreign Ipo Lic Fdi
In Compliance with Indian Laws, Will Cooperate with Enforcement Directorate on Notice: Flipkart
3 years, 4 months ago

In Compliance with Indian Laws, Will Cooperate with Enforcement Directorate on Notice: Flipkart

News 18  

Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said …

Indian Laws Walmart Enforcement Directorate Fdi Laws Including Notice Flipkart Indian Laws Including
Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders
3 years, 4 months ago

Forex violation case: ED slaps Rs 10,600-cr FEMA contravention notice against Flipkart, its founders

India TV News  

The Enforcement Directorate has issued a show cause notice of about Rs 10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. They said the notice under various sections of the Foreign Exchange Management Act was issued to 10 people last month that includes Flipkart, its founders Sachin …

Violation Notice Fema Walmart Flipkart Fdi Its Founders
Union Cabinet Likely to Approve 100% FDI in BPCL Today
3 years, 5 months ago

Union Cabinet Likely to Approve 100% FDI in BPCL Today

News 18  

The Union Cabinet is likely up to approve 100 per cent foreign direct investment in the Bharat Petroleum Corporation, according to sources at CNBC Awaaz. The government, which owns a 52.98 per cent stake in the company is rolling out the divestment process of its holdings in an effort to raise R 1.75 lakh crore in proceeds in FY22. As …

Company Cent Stake Bpcl 100 Fdi
E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify
3 years, 5 months ago

E-comm rules: Fight between Amazon, Flipkart vs Reliance, Tata to intensify

India TV News  

As e-commerce regulations are tightened, the fight between foreign companies Amazon, Flipkart, and Indian companies Reliance, Tata Group is set to intensify. 100% FDI is allowed in marketplace but regulations are evolving - 2018 rules pushed Amazon to reduce stake in a key seller. However, in 2021, there have been amendments to those rules, still at a draft stage and …

India Regulations Amazon Indian Tata Marketplace Flipkart
New insurance FDI rules a mixed bag for foreign investors
3 years, 7 months ago

New insurance FDI rules a mixed bag for foreign investors

The Hindu  

NEW DELHI Indian promoters of insurance joint ventures with foreign partners will no longer be able to nominate a majority of the board members, as per new rules notified under the Insurance Act. “In an Indian insurance company having foreign investment exceeding 49%, not less than 50% of its directors shall be independent directors, unless the chairperson of its board …

Insurance Board Indian Foreign Investors Rules Foreign Insurance Companies
Insurance Companies Won't Be Taking Money Outside India Despite Spike in FDI: Fin Min Secy
3 years, 10 months ago

Insurance Companies Won't Be Taking Money Outside India Despite Spike in FDI: Fin Min Secy

News 18  

Despite the Union Budget 2021 raising FDI limit up to 74 per cent, insurance companies with foreign ownerships won’t be allowed to take money outside India, said Tarun Bajaj, Secretary, Department of Economic Affairs. In an exclusive interview to Moneycontrol, Bajaj said as per the provision under insurance act, companies are not allowed to send money outside India. When the …

India Insurance Indian Cent Insurance Companies Fdi
Mixed messaging: The Hindu Editorial on India as an investment destination
4 years, 3 months ago

Mixed messaging: The Hindu Editorial on India as an investment destination

The Hindu  

Prime Minister Modi last week elaborately pitched India as an investment destination that could serve as a manufacturing hub at the heart of global supply chains. This tack is consistent with recent initiatives to explore supply-chain synergies with other economies, including Japan, as an escalating border feud casts a shadow over India’s economic and trade ties with its northern neighbour. …

India Modi
Govt Notifies Changes in FDI Norms on Civil Aviation, Allows NRIs to Acquire Upto 100 Percent in Air India
4 years, 4 months ago

Govt Notifies Changes in FDI Norms on Civil Aviation, Allows NRIs to Acquire Upto 100 Percent in Air India

News 18  

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, …

India Indian Air Civil Aviation Indian Nationals Cent Foreign