wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , , ,

FIPB: Bloomsbury Approved, G’Five Rejected, Sify’s Stake Sale Deferred & More

The Indian Government has approved 25 proposals of Foreign Direct Investment (FDI) valued approximately at Rs 2973.40 crore based on the recommendation of the Foreign Investment Promotion Board (FIPB).

Among the Internet, Mobile and Media proposals, UK-based Bloomsbury India UK Limited’s proposal of inducting foreign equity to carry out publishing/printing of books on fiction and non-fiction, electronic publishing, wholesale & retail trading, periodicals books, academic, research and other journals and directories has been approved. The company has received an approval for an investment of up to Rs 9.38 crores.

Among the proposals which has been deferred by the government till later include:

– MF Global Sify Securities India Pvt. Ltd: To increase foreign equity participation to carry out the business of commodity broking and Stock broking.

Den Networks Ltd: To induct foreign investment from unidentified investors.  The company is currently engaged in the business of cable distribution segment and internet services and is acting as an operating and holding company.

Advertisement. Scroll to continue reading.

Netmagic Solutions Pvt. Ltd: To increase the foreign equity upto 74 percent and bring in a new foreign collaborator to undertake the business of Internet Service Provider with gateways. The government had previously deferred Netmagic’s proposal in January 2011 and April 2012.

Among the rejected proposals, the Government has rejected Munoth G’Five Telecom’s proposal of inducting foreign equity to carry out the business of whole sale distribution of mobile phones, laptops, pads and value added service for mobile phones. The government had previously rejected a similar proposal in November 2011.


FIPB Update: Cellcast Launching Three New Channels; Network18 & Netmagic
Amazon Gets FIPB Nod For Setting Up Courier Service In India
FIPB: Unitech Wireless FDI Proposal Sent To CCEA; NDTV Lifestyle, Dish TV India & Sprint

Advertisement. Scroll to continue reading.
Written By

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



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


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...


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...


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...


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...

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
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