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FDI proposals in print, broadcasting to be cleared by MIB; satellites by DoS

MUMBAI: 5 June, 2017. That’s the date the Indian government announced that all foreign  direct investment (FDI) proposals  relating to the print and broadcast sector will be approved by the ministry of information and broadcasting (MIB). Approvals for proposals relating to satellite and telecom FDI...

Regulators I&B Ministry
You Broadband-Vodafone proposal accepted, Atria & Netmagic FDI cleared

NEW DELHI: The government has accepted a proposal by Vodafone India Ltd for acquisition of 100% shares of M/s You Broadband India Limited by way of transfer from resident shareholders and non-resident shareholder. A 100% foreign owned company, Vodafone, will invest Rs 550.9 million as direct...

iWorld Broadband
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Climate favourable for FDI, Flag, Crest, You & Netmagic in queue

The business climate seems to be favourable for more and better inflow of foreign direct investments into India. As the government took steps to improve ease of doing business and relax regulations, foreign direct investment into India grew by 60 per cent to US$ 4.68 billion in November 2016 as...

Regulators I&B Ministry
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Top M&E industry honchos see no major benefit from Budget '17

MUMBAI: With the Union Budget’s focus on rural and infrastructure sectors, the media and entertainment (M&E) industry seems to be disappointed as the budget does not offer much. Though the sector is hoping to get some benefit through the digital push mentioned in the budget, expectations were...

Specials Budget Budget 2017
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Budget 2017: From highway to e-way media sector searches for sops

MUMBAI: The Indian government today unveiled a roadmap for financial year 2017-18 that covers areas from “highways to e-ways" (PM Modi’s words while describing the Union Budget 2017) aimed at “strengthening the hands of the poor”, while looking at further easing doing business by abolishing Foreign...

Specials Budget Budget 2017

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