GlaxoSmithKline has asked for the approval of India's Foreign Investment Promotion Board for its planned acquisition of a 24.33% stake in its Indian arm GlaxoSmithKline Pharmaceuticals Ltd. GSK will fund the stake hike by investing INR6,400 crore.
Foreign Investment Promotion Board
British retailer Tesco's $110 million investment in Tata-owned Trent Hypermarket has received approval from India's Department of Industry Policy and Promotion (DIPP). This will pave the way for Tesco to get a clearance from the country's Foreign Investment Promotion Board (FIPB).
British retailer Tesco said it had applied with India's Foreign Investment Promotion Board to acquire a 50% stake in a joint venture with Tata Group. Tesco intends to invest $110 million in the partnership.
India's Foreign Investment Promotion Board has given the green light to Hennes & Mauritz's (H&M) INR7.2 billion (USD115 million) investment. The Swedish retail-clothing company looks to open 50 stores in India.
The Foreign Investment Promotion Board provides approval Tata-SIA venture.
High end brand Massimo Dutti was given permission by the Foreign Investment Promotion Board to set up shop in India.
Actis planned to acquire 25% stake in Symbiotec Pharmalab.
Subscribe to VCpost newsletter
Most Popular
- Joe Biden Administration Sanctions Colombian Maritime Companies Preying on Vulnerable Migrants Seeking to Enter US
- Neuralink Co-Founder Implies He Left Elon Musk's Brain Implant Company Over Safety Concerns
- IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers
- Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works
- Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
- Americans Brace for Another Round of Higher Housing Costs, NY Fed Survey Shows
- Hims & Hers CEO Responds to Backlash After Facing Stock Plunge Over Comments Praising Anti-Israel Protesters
- Xi Jinping Urges France to Resist 'New Cold War' Amid EU's Shift Towards US Alliance