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Jul 30, 2015
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Centre approves 7 FDI proposals worth Rs. 981 crore, defers 6 others
The Centre has approved seven foreign direct investment (FDI) proposals, including ones by Kotak Mahindra Bank and Hathway Cable and Datacom Ltd, worth Rs. 981 crore.Six proposals have been deferred, which include those by telecom company Sistema Shyam TelServices and Reliance Globalcom, Bermuda, according to a Finance Ministry release.The decisions are based on recommendations made by the Foreign Investment Promotion Board (FIPB) in its meeting early this month.
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http://www.thehindubusinessline.com
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