Free Press Journal

FIPB clears 14 FDI proposals


New Delhi:  The FIPB cleared 14 foreign investment proposals including that of Shyam Sistema Teleservices and IIFL Holdings. The Foreign Investment Promotion Board chaired by Economic Affairs Secretary Shaktikanta Das approved investment proposals of Eros International Media, Indian Rotorcraft, AGS Transact Technologies and O-Zone Networks, sources said. The investment proposals of Reliance Globalcom, Firefly Networks, Apollo Hospitals and Aegon Religare Life Insurance were deferred.