Govt clears 17 FDI proposals worth Rs 589.85 cr

Thursday, July 19, 2007, 19:04 [IST]

New Delhi, July 19: The government today cleared 17 foreign direct investment (FDI) proposals worth Rs 589.85 crore, including Sweden-based Quinn Hotels' proposal.

Quinn hotels plans to form a wholly-owned holding company for investments in construction development activities and acquiring existing company engaged in development of hotels for Rs 313.22 crore.

The proposals were approved by Finance Minister P Chidambaram, according to an official statement.

The other proposals cleared include induction of foreign equity by Walker Investments in a company engaged in setting up duty -free shops at airports and seaports by Flemingo Duty- Free Shop Pvt Ltd by investing Rs 80 crore.

Saudi Economic and Development Company has been allowed to set up a holding company for making downstream investment in FDI compliant activities for Rs 46 crore.

UNI

Topics: economy, fdi proposals, foreign direct investment, government

Other articles published on July 19, 2007

Now, consultants, lawyers part of UK's `hidden economy'

Saturday, December 6, 2008,14:55 [IST]

London, Dec.6 (ANI): Hospital consultants, barristers and footballers have allegedly joined gardeners and hairdressers in the 6.1 billion pound a year "hidden" economy - but chances of them being prosecuted are virtually nil, a report will show.According to The Telegraph, the evasion can range from casual moonlighting and cash in hand work to claiming welfare benefits fraudulently, tax evasion and organised crime.Two million people - just over one in 20 of the adult population - are estimated to be.....

Japan utility covers up 1999 nuclear criticality

Thursday, March 15, 2007,13:21 [IST]

Tokyo, Mar 15: A Japanese power company today admitted that it had covered up a 1999 incident in which mishandling of nuclear fuel rods led to an unintended self-sustaining nuclear fission chain reaction for 15 minutes.Hokuriku Electric Power Co said there had been no radiation leak as a result of the mistake, which caused the company's Shiga No. 1 nuclear unit in central Japan to go into a ''critical state'' for 15 minutes. The unit was shut down manually after an.....

Limitless Updates

Business News

News Archives

TVS Motors launches 'StaR Sport' motorcycle

Tuesday, March 13, 2007,15:05 [IST]

March 13, 2007, Mumbai: Two-wheeler major, TVS Motor Company today expanded its economy segment offering with the launch of a new motorcycle, 'StaR Sport'.StaR Sport is a stylish, compact and affordable 100 cc motorcycle, aimed at discerning urban motorcycle customers who are on the look out for sleek and compact style. The Bike has been built to deliver punchy four-stroke performance with excellent mileage and effortless maneuverability that will have customers tackle busy city traffic with absolute ease......