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. 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…
Please subscribe to MediaNama. Don't share prints and PDFs.
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...