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NEW
DELHI: NGC Network (India) has got the FIPB (Foreign Investment
Promotion Board) nod for uplinking and downlinking television
channels through internal accruals without any foreign inflows.
National
Geographic had applied to the FIPB to undertake the activity
relating to uplink and downlink of channels for non-news and
current affairs without any FDI/NRI inflows.
Catvision
Limited, Noida has also been permitted to bring in fresh FDI/NRI
inflow of Rs 9.8 million to increase foreign equity participation
to carry out the business of manufacture of CATV equipment,
selling CATV equipment like Dish Antenna, other CATV equipment,
cables, energy management equipment and repair of apparatus
for television transmission, other business services.
The
FIPB has, however, deferred consideration of a proposal by
DEN Network for induction of foreign investment from unidentified
investors. The company is engaged in the business of cable
distribution segment and internet services and is acting as
operating-cum-holding company.
Meanwhile, Bloomsbury India UK Limited has been permitted
to bring in FDI/NRI of Rs 93.8 million to carry out the business
of publishing/printing of books on fiction and non-fiction,
electronic publishing, wholesale & retail trading, periodicals
books, academic, research and other journals and directories,
etc.
Another
publishing house, Health Media Publishing was permitted induction
of foreign equity to carry out the business of publishing
magazines and periodical journals in the area of healthcare
& overall wellness without any fresh FDI/NRI.
Among the rejected proposal was one from Hey House Publishers
for deletion of compounding condition, whereas Palred Media
and Entertainment, Hyderabad, withdrew its proposal for post
facto approval for induction of foreign equity amounting to
Rs 19.1 million.
The
company is engaged in the business of film production and
distribution of films, cinemas, motion pictures, television
entertainment, animation and Internet portals.
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