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Samples in periodicals archive:
The Indian MSO will have to secure clearance from the Foreign Investment Promotion Board (FIPB), Ministry of Finance and/or the Reserve Bank of India (RBI) to accomplish its foreign investment expansion strategy.
The government on Tuesday shared with Parliament that six FDI proposals have been received from the Foreign Investment Promotion Board ( FIPB) since June 2014.
NS) (NYSE: HDC), has approached the Foreign Investment Promotion Board (FIPB) with a new proposal on foreign investments in the bank, although the inter-ministerial body is yet to take a call on its earlier application, The Economic Times has reported.
In a press statement, Tata Sons said it and Singapore Airlines have signed a memorandum of understanding to that end and applied to India's Foreign Investment Promotion Board for the license.
Tata Sons and Singapore Airlines have signed a memorandum of understanding (MoU) and applied for Foreign Investment Promotion Board (FIPB) approval to establish a new airline in India that will help further stimulate demand for air travel.
The Foreign Investment Promotion Board (FIPB) smoothened out the agreement, albeit with a few riders, and the result will see an increase in passenger capacity, new routes, increasing competition and reduced airfares.
The government's Foreign Investment Promotion Board deferred the decision on the 20.
The airline venture, which includes the Tata group, was approved by the Foreign Investment Promotion Board and will now need to get a licence from the Directorate General of Civil Aviation, Economic Affairs Secretary Arvind Mayaram told reporters in New Delhi on Wednesday.