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India approves 100% FDI in telecom sector
2013-07-03 15:29:00| Telecompaper Headlines
(Telecompaper) The Telecom Commission in India, the decision-making body of the Department of Telecommunication (DoT), approved 100 percent foreign direct investment (FDI) in the telecommunication sector, reports The Economic Times. Once ratified, the policy will allow foreign companies to own 100 percent of Indian operators, and they will no longer need to have a minority shareholder based in India. Foreign companies will be able to acquire up to 49 percent directly, with further investments subject to approval by the Foreign Investment Promotion Board (FIPB), a senior government official said. The decision will come into force once the Cabinet approves it. At present, FDI in the sector is limited to 74 percent of an Indian operator.
Tags: india
sector
telecom
approves
India's Telecom Commission Approves 100 percent FDI In The Country's Telecom Sector
2013-07-03 13:45:04| Telecom - Topix.net
India's Telecom Commission, on Tuesday, endorsed a proposal to allow foreign operators to have a 100 percent stake in companies operating in the country's telecom sector, which if made in to law, will allow players like Vodafone Plc and Telenor ASA to operate independently without local partnerships.
Tags: percent
sector
commission
telecom
UK service sector growth accelerates
2013-07-03 13:25:28| BBC News | Business | UK Edition
The UK's services sector recorded its fastest rise in activity for more than two years last month, an industry survey says.
Tags: service
growth
sector
accelerates
How To Play The Major Price Breakout In The Energy Sector
2013-07-03 01:40:59| Industrial Machines - Topix.net
It is amazing to me that investors believe there is no inflation or risk of energy price spikes as the Middle East deals with geopolitical turmoil and Civil War.
Tuesday Sector Leaders: Agriculture & Farm Products, Vehicle Manufacturers
2013-07-02 23:16:20| Mobile Homes - Topix.net
In trading on Tuesday, agriculture & farm products shares were relative leaders, up on the day by about 1.2%.
Tags: products
tuesday
sector
leaders
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