Sunday, June 4, 2023
MediaNews4U
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital
  • Television
  • OTT
  • Impassioned
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
  • People
  • Events
    • Leader Speak
    • Straight Talk
    • Gamechangers
No Result
View All Result
MediaNews4U
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital
  • Television
  • OTT
  • Impassioned
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
  • People
  • Events
    • Leader Speak
    • Straight Talk
    • Gamechangers
No Result
View All Result
MediaNews4U.com
No Result
View All Result
Home Cable & DTH

FIPB defers proposal of Bloomberg’s investment in Quintillion Media

by MN4U Bureau
August 24, 2016
in Cable & DTH, Featured
Reading Time: 2 mins read
A A
FIPB defers proposal of Bloomberg's investment

FIPB defers proposal of Bloomberg's investment

Share Share ShareShare

New Delhi: The Foreign Investment Promotion Board (FIPB) has deferred proposals including Bloomberg’s investment in Raghav Bahl-promoted Quintillion Business Media along with many other important proposals.

FIPB cleared seven FDI proposals worth Rs 290 crore. These included those of IMCD India, Samara Capital Partners Fund II, Reckitt Benckiser (India), Haymarket SAC Publishing (India), and Fincare Business Services, according to a statement by the finance ministry.

The statement said an application to increase foreign investment in Idea Cellular Infrastructure Services (ICISL) to 67.5 per cent was deferred by the panel, chaired by economic affairs secretary Shaktikanta Das.

ICISL is a wholly-owned subsidiary of Idea, which has become a foreign-owned company with more than 50 per cent overseas investment. As such, ICISL is also deemed to have foreign investment in excess of 50 per cent as a mirror image of its parent company.

The proposal was to take on record the increase of foreign investment in ICISL beyond 50 per cent and allow foreign investment in ICISL up to 67.5 per cent.

Besides, Quintillion Business Media’s proposal for approval for the issuance of equity shares to Bloomberg has been deferred. Financial Times (India)’s proposal to transfer 99.99 per cent equity to Falstaff Singapore was also deferred. The proposal involved transfer of entire shareholding of Falstaff Singapore to Nikkei Inc. Among other deferred proposals are Morgan Stanley India Primary Dealer’s proposal for increasing equity participation from 75 per cent to 100 per cent by way of transfer of equity shares from Morgan Stanley India Capital to Morgan Stanley Mauritius Co Ltd, by amending the earlier approval.

The investment proposals of HSBC Securities and Capital Markets (India)’s proposal to incorporate a wholly-owned subsidiary, which will act as a trustee company to HSBC Mutual Fund was also put off. The proposal involved permission for additional activities by HSBC InvestDirect Financial Services (India), a wholly owned subsidiary of HSBC Invest Direct (India).

The FIPB rejected five investment proposals including that of pharma company Sanofi-Synthelabo (India).

Tags: BloombergCapital MarketsFalstaff Singapore to Nikkei IncFinancial TimesFIPB defers proposal of Bloomberg's investmentFIPB rejectedforeign investment in ICISLHSBCHSBC Invest DirectHSBC InvestDirect Financial ServicesHSBC Mutual FundHSBC SecuritiesICISLInvestDirect Financial ServicesMorgan Stanley IndiaMorgan Stanley India CapitalMorgan Stanley Mauritius Co LtdQuintillion Business Media's proposalThe Foreign Investment Promotion Board

RECENT POSTS

Nihar Naturals emphasises every Woman's right to have appealing hair in latest ad
Campaigns

Nihar Naturals emphasises every Woman’s right to have appealing hair in latest ad

June 3, 2023
0

Nihar Naturals Hair Oil has launched a new TVC featuring its latest brand ambassador, Alia Bhatt. The campaign revolves around...

Read more
Dunzo turns power outages into rewarding experiences for its users
Campaigns

Dunzo turns power outages into rewarding experiences for its users

June 3, 2023
0

Dunzo, an on-demand delivery platform, has launched "LightGayiKya" campaign to change the way customers experience power cuts. By turning power...

Read more
CNBC-TV18 concludes Hyderabad chapter of 'Future. Female. Forward - The Women’s Collective' on a high note
Featured

CNBC-TV18 concludes Hyderabad chapter of ‘Future. Female. Forward – The Women’s Collective’ on a high note

June 3, 2023
0

CNBC-TV18, an English business news channel, hosted the Hyderabad city chapter of “Future. Female. Forward - The Women’s Collective”, a...

Read more
Amazon miniTV gears up to launch old-school romantic drama series 'Badtameez'
Featured

Amazon miniTV gears up to launch romantic series ‘Badtameez’

June 3, 2023
0

Amazon miniTV, Amazon’s free video streaming service, has announced its upcoming web-series ‘Badtameez Dil’, unveiling the teaser for the show....

Read more
Zee 24 Taas to host inaugural edition of Sahkar Parishad on 3rd June
Events

Zee 24 Taas to host inaugural edition of Sahkar Parishad on 3rd June

June 3, 2023
0

Zee 24 Taas, a Marathi news channel, is all set to host its inaugural season of Sahkar Parishad on Saturday...

Read more
LaLiga Football Schools and MTV India host Football Fiesta in Bangalore
Featured

LaLiga Football Schools and MTV India host Football Fiesta in Bangalore

June 3, 2023
0

LaLiga Football Schools (LLFS), in association with MTV India, announced the completion of one-day football fiesta for young football enthusiasts...

Read more

LATEST NEWS

Dunzo turns power outages into rewarding experiences for its users

Dunzo turns power outages into rewarding experiences for its users

June 3, 2023
CNBC-TV18 concludes Hyderabad chapter of 'Future. Female. Forward - The Women’s Collective' on a high note

CNBC-TV18 concludes Hyderabad chapter of ‘Future. Female. Forward – The Women’s Collective’ on a high note

June 3, 2023

ANALYSIS

Indian screenwriters dissatisfied with pay and credit: Ormax-Tulsea Survey
Analysis

Indian screenwriters dissatisfied with pay and credit: Ormax-Tulsea Survey

June 2, 2023
0

Indian screenwriters are dissatisfied with the pay and credit they receive for their work, according to a report titled 'The...

PEOPLE

eClerx Services appoints Kapil Jain as CEO
Featured

eClerx Services appoints Kapil Jain as CEO

June 3, 2023
0

Mumbai-based eClerx Services has announced the appointment of Kapil Jain as its CEO, subject to shareholder approvals. With a career...

Pluckk appoints Mamaearth’s Kunwarjeet Grover as Head of Growth

Pluckk appoints Mamaearth’s Kunwarjeet Grover as Head of Growth

June 3, 2023

MARKETING

KL Rahul invests in Sequoia-backed Hyugalife.com
Featured

KL Rahul invests in Sequoia-backed Hyugalife

June 3, 2023
0

Hyugalife, a health and wellness brand, has roped in Indian cricketer KL Rahul as investor and ambassador. The platform boasts...

Subscribe to Newsletters

ADVERTISING

#ARM Worldwide retains social media mandate for MTV India
Advertising

#ARM Worldwide retains social media mandate for MTV India

June 3, 2023
0

#ARM Worldwide, a digital marketing & communications consultant, has again retained the social media mandate for MTV India. Under this...

Sociowash renews digital mandate with multiple brands under Viacom18 network

Sociowash renews digital mandate with multiple brands under Viacom18 network

June 1, 2023
Wavemaker bags Reckitt India's media mandate

Wavemaker bags Reckitt India’s media mandate

June 1, 2023

PRINT

DB Corp Q3FY23: Ad revenue up 29 pc at Rs 11,233 mn
Featured

DB Corp’s total revenue grew by 21.2 pc to Rs. 21,682 mn in FY2023

May 19, 2023
0

DB Corp, a print media company and home to flagship newspapers - Dainik Bhaskar, Divya Bhaskar, Divya Marathi and Saurashtra...

Sportstar

The Hindu Group unveils Sportstar’s revamped edition

May 15, 2023
Dainik Bhaskar commemorates 40 years in Indore with 'Bhaskar Utsav'

Dainik Bhaskar commemorates 40 years in Indore with ‘Bhaskar Utsav’

May 8, 2023

THINK THROUGH

How native ads can help drive awareness, engagement and conversion for brands
Featured

How native ads can help drive awareness, engagement and conversion for brands

May 23, 2023
0

The rise of social media and content-sharing platforms has had a profound impact on how native advertising fits into the...

Contact Us :

UPLIFT MEDIANEWS4U DIGITAL PVT LTD

No. 194B , Aram Nagar 2, JP Road

Versova, Andheri West

Mumbai - 400061

Umanath.V
+91-99400-17868
[email protected]

Medianews4u.com © 2019 - 2023 All rights reserved.

No Result
View All Result
  • Exclusive
  • Advertising
  • Media
    • Radio
    • Cable & DTH
    • Print
    • Digital
  • Television
  • OTT
  • Impassioned
  • Marketing
  • Campaigns
  • Analysis
  • Opinion
    • Opinion
    • Think Through
    • Prescience 2023
  • People
  • Events
    • Leader Speak
    • Straight Talk
    • Gamechangers

Medianews4u.com © 2019 - 2023 All rights reserved.