wordpress blog stats
Connect with us

Hi, what are you looking for?

FIPB: Singtel Put On Hold; Emerald Group Publishing & Da Vinci GmbH Approved

The Indian government has approved 20 proposals of Foreign Direct Investment (FDI) valued approximately at Rs 915.83 crore crore based on the recommendation of the Foreign Investment Promotion Board (FIPB). Among the Internet, Mobile and Media companies which has received approvals from the FIPB include:

– Emerald Group Publishing (India) Pvt. Ltd: To carry out additional activities of publishing books (textbooks, handbooks and eBooks) and their supplements in India for universities, educational institutions, research centers and other corporate companies among others.

It has received an approval for an investment of up to Rs 12.37 crore for this initiative. Besides India, Emerald Group currently has a presence in Australia, China, Japan, Korea, Malaysia, Brazil, Dubai, Poland and USA.

Da Vinci GmbH, Berlin: To setup a wholly owned subsidiary which will carry out the down-linking and distribution of a non-news and non-current affairs edutainment channel. It has received an approval for an investment of up to Rs 5 crore for this.

Founded in 2007, Da Vinci currently operates two educational television channels – Da Vinci Learning (a general infotainment channel) and Da Vinci U (offers full length lectures across various topics from several universities). These channels are currently broadcasted in 12 localized versions across 29 countries like Malaysia, Thailand, South Africa, Czech Republic, Russia, Poland, Romania and others.

Advertisement. Scroll to continue reading.

Singtel On Hold: Singtel’s proposal to buy out its minority shareholders in Singtel Global (India) Pvt Ltd and increase its stake from 74% to 100%, has been temporarily postponed. The company had sought for an approval of an investment of up to Rs 2.98 crore. Indian government had permitted 100% Foreign Direct Investment (FDI) in telecom in July 2013. Last month, Vodafone Group had also submitted an application to the FIPB to buy out its minority stakeholders, including the 11% held by Piramal Healthcare.

Besides this, My Mobile Payments Ltd (MMPL) which operates the mobile money service Money On Mobile, has been directed by the Foreign Investment Promotion Board (FIPB) to raise Rs 58.91 crore through the automatic route. (More on this and MMPL’s financials).

Written By

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

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

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

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...

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

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...

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