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Foreign Investment Promotion Board News

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INX Media
01 Mar 2018
INX media case: Delhi court sends Karti Chidambaram to 5-day CBI custody
In a dramatic development in the INX Media case, Karti Chidambaram was arrested by the CBI from Chennai airport on Wednesday on his return from abroad. 
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ED raids
01 Dec 2017
Aircel-Maxis case: ED conducts raids in Chennai, Kolkata
The ED case pertains to the Foreign Investment Promotion Board (FIPB) approval granted in 2006 by P Chidambaram.
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Oppo
04 Oct 2017
Chinese smartphones maker Oppo cleared to open own stores in India
The move would help Oppo expand its reach in the world`s third-largest smartphones market, where global giants such as Apple Inc have been trying to gain a foothold.
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Karti Chidambaram
28 Aug 2017
INX Media case: CBI questions Chidambaram's son Karti for second time
The CBI on Monday questioned former minister P Chidambaram's son Karti for the second time in a corruption case of alleged clearance given to a media group owned by Peter Mukerjea and his wife Indrani for bringing foreign funds into their venture, CBI sources said.
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P Chidambaram
05 Aug 2017
Chidambaram asks why six FIPB secretaries not named as accused
The case involves his son Karti.
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Amazon
13 Jun 2017
Govt to soon clear Amazon's FDI in food retail: Badal
The government will soon clear the US retail giant Amazon's proposed USD 500 million investment in retail of food products in India, Food Processing Minister Harsimrat Kaur Badal said.
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Amazon
08 Jun 2017
Amazon likely to get soon official nod for FDI in food retail
US retail giant Amazon's proposed USD 500 million investment in retail of food products in India would soon get official nod, an official said.
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Union Law Minister
29 May 2017
Govt doesn't believe in revenge politics: Union Law Minister Ravi Shankar Prasad to Chidambaram
Union Law Minister Ravi Shankar Prasad on Monday hit back at former finance minister P Chidambaram for saying that the Centre has been targeting his son Karti over money laundering case, stating that the government does not believe in revenge politics and has been working honestly.
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cabinet
24 May 2017
Cabinet approves abolition of 25-year-old Foreign Investment Promotion Board
The FIPB was initially constituted under the Prime Minister's Office in the wake of economic liberalisation in the early 1990s.
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Foreign Investment Promotion Board
28 Apr 2017
FIPB abolition in final stages: Jaitley
FIPB was initially constituted under the Prime Minister's Office in the wake of economic liberalisation in the early 1990s.
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Reserve Bank of India
26 Feb 2017
RBI to frame standard procedure for FDI approvals post FIPB
The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out FIPB.
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Supreme Court
10 Feb 2017
Give evidence to back allegation against Chidambaram in Aircel-Maxis deal: SC to Swamy
The Supreme Court on Friday asked BJP leader Subramanian Swamy to place before it concrete evidence backing his plea for probe into the role of then Finance Minister P. Chidambaram into alleged breach of norms committed by the Foreign Investment Promotion Board (FIPB) in approving the Aircel-Maxis deal in 2006.
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Foreign direct investment
26 Sep 2016
Government clears 11 FDI proposals worth Rs 2,325 crore
An inter-ministerial panel today approved 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore.
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foreign investment proposals
18 Sep 2016
FIPB to take up 15 foreign investment proposals on Sep 26
 FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.
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LeEco
18 Apr 2016
LeEco seeks FIPB nod for single-brand retail stores
Chinese device maker LeEco Monday said it has filed an application with the FIPB for opening single-brand retail stores to sell its electronic products.
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FDI
08 Apr 2016
FIPB clears 10 FDI proposals worth Rs 505 crore
An inter-minister panel today cleared 10 foreign direct investment (FDI) proposals worth Rs 505 crore, including that of Singapore-based Helix Investment.
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Foreign Investment Promotion Board
23 Mar 2016
FIPB to take up 16 FDI proposals at April 5 meeting
The foreign investment promotion board at its meeting on April 5 will take up 16 FDI proposals, including that of Cholamandalam MS General Insurance Co and Indian Rotorcraft in defence sector.
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FIPB
07 Mar 2016
FIPB clears Rs 14,000 crore FDI proposals; Nippon, Yes Bank get nod
The Foreign Investment Promotion Board (FIPB) Monday cleared 16 FDI proposals worth Rs 14,000 crore including that of Japan's Nippon hiking stake in Reliance Life Insurance to 49 per cent, as also that of four other foreign insurers
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Foreign Investment Promotion Board
27 Nov 2015
FIPB clears 3 FDI proposals worth Rs 160 crore
The foreign investment promotion board today cleared three FDI proposals worth Rs 160 crore.
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Indian health insurance venture Max Bupa
23 Nov 2015
Bupa to acquire additional 23% stake in Max Bupa for Rs 191 crore
UK's Bupa will increase its stake in Indian health insurance venture Max Bupa by 23 per cent to 49 per cent for Rs 191 crore.






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