Business Briefs 17-07-2014

19 FDI plans cleared RIL gas output FTIL stake Hiring trend Adani Ports

By The Telegraph Online
  • Published 17.07.14

19 FDI plans cleared

New Delhi, July 16: The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing a total investment of Rs 2,326.72 crore. “Based on the recommendations of the Foreign Investment Promotion Board, the government has approved 19 FDI proposals amounting to Rs 2326.72 crore approximately,” the finance ministry said in a release.

RIL gas output

New Delhi, July 16: The oil ministry is seeking cabinet nod to relax the timeline to allow Reliance Industries (RIL) to retain and produce from the three gas finds in the KG-D6 block, worth $1.45 billion, held up because of a technical dispute.

FTIL stake

Mumbai, July 16: Financial Technologies today offloaded a 4 per cent stake in MCX for about Rs 154 crore, bringing down its shareholding to 20 per cent. Financial Technologies has sold a total of 20,40,901 shares through open market route.

Hiring trend

New Delhi, July 16: Hiring activity in India rose 22 per cent in June and the job market is expected to improve further in the coming months as the economy is showing signs of revival, job portal said.

Adani Ports

New Delhi, July 16: Adani Ports and Special Economic Zone today received environment and other approvals for its 8,481-hectare SEZ.