LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  Govt disposes of FDI proposals worth Rs 3,250 crore

Govt disposes of FDI proposals worth Rs 3,250 crore (14-May-2018)

The government has disposed of Foreign Direct Investment (FDI) proposals worth Rs 3,250 crore in the month of April 2018. The Department of Economic Affairs (DEA), under Ministry of Finance in its statement has said that a total of five proposals were disposed off, out of which three were approved, one rejected and one returned to the applicant on grounds of being premature.

The Finance Ministry has cleared proposals included that of Hindustan Infralog which sought approval for foreign investment from DP World Global Investment BV, Netherlands amounting to 65% of paid-up share capital. It added that proposal of Hindustan Infralog will bring FDI up to Rs 3,250 crore. The other two proposals CVC Asia Pacific (Singapore) Pte and Alcon Laboratories (India) cleared by the Finance Ministry will not result in flow of FDI.

Besides, the Ministry rejected the proposal of Kora Research Advisors India LLP. Moreover, it has sought further information in case of proposals of Northvale Capital Partners which intends to acquire up to 100% of the share capital of a non-operational investment holding company Vadodara Stock Exchange, a derecognised stock exchange.



Top News Today
L&T's construction arm bags orders worth Rs 2,112 crore
(24-May-2018)

L&TLarsen & Toubro's (L&T) construction arm - L&T Construction has won orders worth Rs 2,112 crore.The company's Buildings & Factories Business has secured orders worth Rs......click on news to read complete article.

Godrej Industries reports over 4-fold jump in Q4 consolidated net profit
(24-May-2018)

Godrej Industries reports over 4-fold jump in Q4 consolidated net profitGodrej Industries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a net loss of Rs 48.18 crore for the quarter ended March 31, 2018 as compared to net......click on news to read complete article.

Piramal Enterprises gets nod for scheme of amalgamation
(24-May-2018)

Piramal Enterprises gets nod for scheme of amalgamationPiramal Enterprises has received approval from National Company Tribunal (NCLT), Mumbai Bench for Scheme of Amalgamation of the company's wholly owned subsidiaries - Piramal Finance (PFL) and Piramal Capital......click on news to read complete article.

International Stock News
Asian markets exhibit mixed trend in early deals on Thursday
(24-May-2018)

Asian markets exhibit mixed trend in early deals on ThursdayAsian market indices are exhibiting a mixed trend in early deals on Thursday after US stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not......click on news to read complete article.

US markets end higher as Fed hints at gradual rate hikes
(24-May-2018)

US markets end higher as Fed hints at gradual rate hikesThe US markets ended higher on Wednesday after the minutes from the Federal Reserve's May 2 meeting confirmed that policy makers support a June rate increase and are maintaining a calm attitude about the......click on news to read complete article.

Asian markets trade mostly lower in early deals
(23-May-2018)

Asian markets trade mostly lower in early dealsAsian markets are trading mostly in red terrain in early deals on Wednesday after Donald Trump cast doubt on a historic summit with North Korean leader Kim Jong Un and appeared to hit out at a deal with......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.