wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , ,

Disney’s India FDI Proposal Sent To CCEA; Augere, 9X, What’s On India FDI Approved

India's Foreign Investment Promotion Board has sent Disney's proposal to increase its foreign share holding in UTV Software, from 48.02% (wasn't it 58%?) to 100% via Walt Disney Company (Southeast) Asia Pte Ltd to the Cabinet Committee on Economic Affairs for approval. Disney can proceed with buying back UTV shares from the open market only after it gets an approval. However, three proposals in the digital and media-sector have been approved, some deferred, some rejected: Approved - Augere Wireless Broadband India Pvt. Ltd.: a company that won 20Mhz of Broadband Wireless Spectrum in Madhya Pradesh for Rs 124.66 crore, has received an approval of Rs 54 crore for FDI inflows for capitalization of pre-incorporation expenses. - 9X Media Pvt. Ltd. : The government has allowed a FDI  of Rs 26.20 crore in the media business. The particulars of the proposal include: increasing foreign equity participation from 80% to 100% and making downstream investments upto 100%. - What's On India Media Pvt. Ltd. : To induce foreign equity by issuing preference shares for up-linking a non-news and current affairs TV channel and thus carrying out the TV channel business. A FDI of  Rs 31.49 crore has been allowed. Strangely, What's On India had received another approval in June, for Rs 99 lakh, for exactly the same business. Deferred - Springer India Pvt. Ltd. : To increase foreign investment upto 100% to carry out the business of publishing and re-printing of books in electronic and printed forms across multiple languages. - Springer Editorial Services Pvt. Ltd. : To increase foreign equity…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ