The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon...
Govt eases FDI rules to aid BPCL privatisation: Report
India’s federal cabinet approved plans on Thursday to allow 100% foreign direct investment in state-run oil companies in which a strategic stake sale is announced, a move to help privatisation of Bharat Petroleum...
Draft cabinet note floated for 100% FDI in oil PSUs approved for disinvestment: Sources
The commerce and industry ministry has floated a draft cabinet note seeking inter-ministerial views on a proposal to allow up to 100 per cent foreign investment under automatic route in oil and gas PSUs, which have an...
Government considering FDI policy tweak to facilitate BPCL privatisation
The government is considering a tweak in the current foreign direct investment (FDI) policy to allow overseas investors to pick up majority stake in India’s second-biggest oil refiner Bharat Petroleum Corp Ltd...
Delhi High Court rules Amazon’s attempt to control Future violative of FEMA FDI
The Delhi High Court has ruled that US e-commerce giant Amazon’s attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA...
Union Cabinet approves ₹2,481 crore worth FDI into ATC Telecom Infra
The Cabinet Committee on Economic Affairs on Wednesday approved foreign direct investment (FDI) worth Rs2,480.92 crore in ATC Telecom Infrastructure Pvt. Ltd. by ATC Asia Pacific Pte. Ltd. Union minister Prakash...
Flipkart-Aditya Birla Fashion proposed deal violates government’s FDI policy: CAIT
Traders’ body CAIT on Tuesday raised objections over Aditya Birla Fashion and Retail’s plans to raise Rs 1,500 crore by issuing 7.8 per cent stake to Walmart-owned Flipkart Group, alleging that the proposed...
Morgan Stanley warns Walmart may exit Flipkart post new FDI rules
Wall Street biggie Morgan Stanley said Walmart may exit Flipkart in a similar move to what Amazon did in China if the retail giant can’t see a long-term path to profitability. The brokerage said in a report dated...
After record FDI in 2018, retail sector gears up for more M&As in new year
With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions...
Bharti Airtel gets FDI clearance to offload 20% stake in DTH unit to Warburg Pincus
Bharti AirtelNSE 0.62 % has received FDI clearance from the government for sale of 20 per cent stake in its DTH arm Bharti Telemedia to Warburg Pincus for USD 350 million, a source said. The source privy to the...
Flipkart-Walmart deal: CCI seeks government response on FDI
The Competition Commission of India (CCI), which is scrutinising Walmart’s acquisition of majority stake in homegrown e-commerce player Flipkart, has sought the government’s response on the foreign direct...
DoT awaits FDI clearance for Idea to approve merger with Vodafone: Sources
DoT is waiting for DIPP to give clearance for raising the foreign direct investment (FDI) limit in Idea Cellular to 100 per cent before approving the merger of Vodafone India with the Aditya Birla group firm, as per...