Foreign Investment Promotion Board

Foreign Investment Promotion Board News

  • HDFC Bank India Foreign-Investment Ceiling Raised to 74%

  • Jet Slumps as India Defers Decision on Stake Sale: Mumbai Mover

    Jet Airways (India) Ltd., the nation’s biggest publicly-traded carrier, fell the most in a week in Mumbai trading after the government deferred a decision on the airline’s plan to sell a stake to Etihad Airways PJSC.

  • Singapore Air, Tata Win Approval to Start India Airline

    Singapore Airlines Ltd., Southeast Asia’s biggest carrier, won initial approval from the Indian government to start an airline in the world’s second-most populous country with its partner Tata Group.

  • U.K. Fee Rules, ‘Betting’ Fund, Iberdrola: Compliance

    U.K. financial advisers won’t be able to charge commissions on some products under new rules designed to make the fees paid by consumers more transparent.

  • India (Mostly) Opens to Wal-Mart: Choudhury

    Welcome, Wal-Mart. India's coalition government made a surprise move last week by liberalizing the country's retail sector. Halfway into its second term, the governing United Progressive Alliance, long accused of being too passive and too wedded to the welfare state, ended years of hedging by successive governments by giving its consent to foreign direct investment in multi-brand retail in India, allowing global supermarket chains to set up shop and help spur economic growth

  • India 1937 Law Stalls AirAsia’s Plan to Start Flights

    AirAsia Bhd., the region’s biggest budget airline, is aiming to start flights in India and bring more competition to one of the world’s fastest growing markets. The only thing standing in the way: a law dating back to the 1930s.

  • Vodafone Applies to Buy Out India Partners for $1.7 Billion

    Vodafone Group Plc asked the Indian government for permission to raise the stake in its local unit to 100 percent and said it would pay about 101.4 billion rupees ($1.65 billion) for the holding.

  • Jet Air Jumps on Speculation India May Approve Stake Sale

    Jet Airways (India) Ltd. jumped the most in five months in Mumbai trading on speculation that a government panel will approve on July 29 the carrier’s deal to sell a stake to Etihad Airways PJSC.

  • India Regulator Says Open Offer Required When Control Acquired

    U.K. Sinha, chairman of the Securities and Exchange Board of India, comments on the definition of control in the regulator’s takeover code. Sinha made the comments to reporters in New Delhi in response to a question whether control was defined differently in rules pertaining to foreign direct investment in the nation’s civil aviation industry.

  • Ikea Plan for India Stores Gets Government Board Approval

    India’s overseas investment board approved furniture retailer Ikea’s proposal to open outlets in the country, bringing the Swedish chain closer to becoming the first major foreign retailer to set up its own stores.

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