FinMin to review IKEA's FDI proposal on Monday

December 26, 2012 16:17

Of its Rs 10,500 crore investment plan for India, IKEA has got FIPB approval to bring in only Rs 4,200 crore, even as Commerce and Industry Minister Anand Sharma today batted for allowing the Swedish furniture major's global model which includes cafeterias inside their stores. The Department of Industrial Policy and Promotion (DIPP), under Sharma, has already forwarded a request to Foreign Investment Promotion Board (FIPB) in the Finance Ministry for reviewing its November 20 decision giving part approval to IKEA.

« Back to LIVE

TOP STORIES

Rahul, Hema in fray as 88 seats go to polls in Phase 2

Voting for the second phase of Lok Sabha polls will be held on Friday for 88 seats in 13 states with Congress leader Rahul Gandhi seeking a second-straight term from Wayanad in Kerala.

India calls US report on human rights 'deeply biased'

India on Friday described a United States State Department report citing alleged incidents of human rights violations including in Manipur as 'deeply biased' and said it reflects a poor understanding of India and it attach no value to it.

Investors' wealth up by Rs 11 lk cr in 5 days

The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 404.18 lakh crore on Thursday helped by a five-day rally in benchmark indices, making investors richer by Rs 11.29 lakh crore. Recovering after a sell-off...

Shikhar Dhawan's comeback on the cards

PBKS spin bowling coach Sunil Joshi said Dhawan is on a recovery course and the left-hander could possibly make a return in their next game in Chennai.

India granted over 1 lakh patents in FY24

India granted 1.03 lakh patents in financial year 2023-24, Controller General of Patents, Designs and Trademarks Unnat Pandit said on Thursday, as he assured that there will be "no delay" in the Intellectual Property Office as it...