Foreign Investment Promotion Board (FIPB) has cleared seven FDI proposals worth Rs 290 crore, while it deferred decision on other seven applications including that of a wholly-owned subsidiary of Idea. Tikona Digital Networks' Rs 267-crore proposal to increase foreign equity to 76.73 per cent through issuance of CCDs was approved by the government.

Source - http://economictimes.indiatimes.com