IKEA gets CCEA nod to set up stores, sell food in cafe

The proposals were cleared following recommendations by Foreign Investment Promotion Board (FIPB) headed by Department of Economic Affairs Secretary Arvind Mayaram

Private carrier Jet Airways has sought approval of the Foreign Investment Promotion Board (FIPB) to sell 24 per cent stake in the company to Gulf carrier Etihad Airways, sources said today. "Jet has filed its application to the FIPB late last week.

After Swedish furniture major IKEA’s Rs 10,500-crore proposal got cleared by the Foreign Investment Promotion Board (FIPB), other international chains operating in similar space have filed their applications for opening single-brand retail stores in ...

The IKEA proposal was earlier cleared by the Foreign Investment Promotion Board (FIPB), but since the proposed investment was more than Rs1,200 crore, CCEA approval was needed.

NEW DELHI (Reuters) - India's Foreign Investment Promotion Board (FIPB) has recommended Yes Bank's 26.5 billion rupees foreign investment proposal for the consideration of the Cabinet Committee on Economic Affairs, a finance ministry statement said on Monday.

Shares in Jet Airways India SpiceJet dropped on Tuesday after the Foreign Investment Promotion Board (FIPB) approved AirAsia Bhd's proposal to set up a joint venture in India, raising concerns about increased competition.

AirAsia on Friday said it has received formal approval from the Foreign Investment Promotion Board (FIPB) to launch an airline in the country in association with the Tatas, paving the way for the companies to move the sectoral regulator DGCA for an air ...

The approval marks the first entry of a foreign carrier into the domestic aviation sector after the government liberalized rules for foreign direct investment in the sector in September 2012.

A day before the Foreign Investment Promotion Board (FIPB) will take up the Tata-AirAsia joint venture (JV) proposal, Tony Fernandes, the promoter of the Malaysian low-cost carrier, on Tuesday announced on Twitter he had chosen the chief executive officer (CEO) for the Indian venture. It is believed neither the ministries concerned nor the Department of Industrial Policy & Promotion had given their written comments on the AirAsia proposal for tomorrow’s FIPB meeting.