The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
India
Claims of money laundering haunt Urban Cooperative Banks
A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
India imposes anti- dumping duty on imported paracetamol
Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Vodafone seeks government approval to own more shares India unit
Vodafone seeks bigger share of its Indian unit, wants government approval. Vodafone Group Plc sought approval on Tuesday, Oct. 29, to raise the number of shares of its India unit for $US1.
SBI invests in Equifax
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
Latest News
Mitra Biotech raises INR40 crore for cancer care. Tata Capital's Tata Capital Innovations Fund together with existing investors India Innovation Fund and Accel Partners, would invest INR40 crore in Mitra Biotech, a cancer care provider based out of Bangalore.
Mercom Capital Group reported a wind sector investment for India totalling USD5.6 billion. The third quarter wind venture capital funding fell to USD135 million from USD210 million in the previous quarter of 2013.
Bharti Airtel and Airtel Broadband had announced the approval of the merger plan between the two Indian telecommunications firms.
As the UK and the US institute crowdfunding regulations, India is also drafting its own set of rules.
Sources told Bloomberg that Jaiprakash Power Ventures would be selling its hydropower facilities to Abu Dhabi National Energy.
BHP Billiton did not confirm the reason for such return of oil and gas stakes in India. BHP Billiton, the global mining firm, said last Monday that it had given up nine oil and gas exploration blocks located in India.
The Burman family and Healthcare At Home UK form joint venture for the Indian market. The promoter of Dabur India, the Burman family, is entering into the healthcare market through a joint venture with the founders of UK based 'Healthcare at Home'.
Coal India's CEO S. Narsing Rao would try to convince brokerage firms to invest in the state run mining firm from India.
In a speaking engagement in India, BP CEO Bob Dudley said market pricing of natural gas in the country is the proper way to do it.
