foreign direct investment

DoT of India Gives 100% FDI Approval to Idea Cellular

5Jun By Gauri SinghNo Comments

BUSINESS

DoT of India Gives 100% FDI Approval to Idea Cellular

The Indian mobile network operator, Idea Cellular stated that the company obtained an approval to raise the Foreign Direct Investment (FDI) limit from the Department of Telecom (DoT). The operator informed that the previous FDI limit stood at 67.5 percent and now has been raised to 100 percent on Monday. The Idea Cellular, in this context, stated, "The approval is for total foreign investment up to 100% in Idea Cellular, and total indirect FDI in its relevant subsidiaries – Aditya Birla Telecom Ltd. and Idea Cellular Infrastructure Services Ltd." Idea Cellular is reportedly in the process of federating with Vodafone India. The approval for the merger by the telecom department is in the final stages of acceptance. The approval to raise FDI is a great step in the process of incorpora...

Five Major Economic Changes of Middle East to Look Into

Middle East region has always been a conflicted area ever since its inception. Whether it is the continuously growing mass killing of Syrian refugees, or it is never ending regional, religious issues in Jerusalem, or the threats posed by ISIL groups over Syria and Libya, the problems just never seem to seize. In the midst of all the negative occurrences hovering and circumscribing the middle east, let’s have a sharp look at the positive advances of the economic aspects of the middle east region. Booming Startups & Tech Middle east is now becoming one of those countries, which is attracting a lot of business with a wide range of start-ups and entrepreneurship enthusiasts. JustMop, Talabat, Souq.com, are some of the expanding start-ups with brilliant innovative ideas, that ar...

Amazon, Flipkart, Snapdeal Accused of Violation of FDI Norms

Confederation of All India Traders (CAIT), leading advocate for small traders and businesses in India, with around 6 crore merchants across 40000 affiliates, urged the government to take action against e-commerce firms like Amazon and Flipkart, accusing them of violation of FDI norms by undertaking retail trading activities. (more…)