More FDIs okayed
New Delhi, Dec. 24: The government today gave its approval to 19 foreign direct investment proposals amounting to Rs 726.88 crore, which include Global Broadcast News’s proposal to sell a 26 per cent stake for Rs 500 crore. The proposal of Cyprus-based Dunbay to acquire an additional 5 per cent stake in the Delhi Stock Exchange for Rs 10.61 crore has also been approved. The government also gave its approval to Middlebrough Oils of the UK to invest Rs 200 crore to set up a subsidiary to undertake extraction of crude jatropha oil from jatropha seeds.
New Delhi, Dec. 24: The Indian Farmers Fertiliser Cooperative (Iffco) will invest $100 million in the next three years to revive a phosphoric acid plant in Senegal.
New Delhi, Dec. 24: In a meeting with commerce minister Kamal Nath, exporters have demanded extension of the Duty Entitlement Pass Book (DEPB) scheme till 2010 and asked for service tax exemption on more items.
Mumbai, Dec. 24: HB Stockholdings has increased its stake in DCM Shriram Industries to 21.46 per cent through open market transactions. The company now holds 32.82 lakh equity shares in DCM Shriram.
Mumbai, Dec. 24: Sub-brokers seeking a change of affiliation will have to obtain Sebi’s approval, the market regulator said. However, no fresh certificate needs to be obtained for the change.