New Delhi, Dec 17
The government on Thursday said it has approved three Foreign Direct Investment (FDI) proposals amounting to Rs.135.84 crore, based on Foreign Investment Promotion Board (FIPB) recommendations.
The approved proposals were from Scalene Works People Solutions LLP, GVK Biosciences Pvt Ltd and GMS Pharma (Singapore) Pvt Ltd.
Nine proposals – from HDFC Standard Life Insurance, Tata Sikorsky Aerospace, Jupiter Satellite India, Financial Times (India) Pvt Ltd, Volvo Asset Finance lndia, Aviva Life lnsurance, Indus Way Emerging Market Fund Series ll and Firefly Networks – were deferred, while CAN Cable Pvt Ltd’s proposal was the lone one rejected.
Note:
1. The conversion rate used in this article is 1 USD = 66.62 Rupees.
(IANS)
Latest posts by Team PGurus (see all)
- SC registry rejects Centre’s plea for allocation of Satellite Spectrum, avoiding auction - May 1, 2024
- Reliance Capital lenders urge Hinduja Group arm to stick to resolution plan deadline - April 30, 2024
- Supreme Court rejects plea to tally all VVPAT slips with EVM votes; says ‘no going back to paper ballot’ - April 26, 2024