Advertisement

HindustanTimes Tue,23 Sep 2014

Tata Steel, Future group get FDI nod

Press Trust of India, PTI  New Delhi, January 13, 2011
First Published: 22:13 IST(13/1/2011) | Last Updated: 22:20 IST(13/1/2011)

The government has cleared 19 foreign direct investment projects worth Rs. 4,340 crore, including that of Tata Steel and Future Ventures.

Advertisement

The Foreign Investment Promotion Board (FIPB), however, deferred decision on 16 FDI proposals, including Reliance Broadcast Network and Essar Capital Holding.

It also rejected two proposals, including that of B4U Television Network for induction of foreign equity to carry out business of up-linking a non-news and current affairs TV channel. It cleared the Tata Steel’s Rs. 1,100 crore proposal for issue of warrants as part of its fund mobilisation plan.

It approved Future Ventures request to allot shares worth R300 crore to FIIs and NRIs under portfolio investment scheme.


Advertisement
more from Business

Indian BPOs eye LatAm, West Asia for growth

Expanding into Latin American countries would also help them serve US — their largest client — from closer locations. “West Asia is comparatively a virgin market for the Indian BPM companies.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved