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NIDA Rooms receives $4.2 mn equity investment

NIDA Rooms receives $4.2 mn equity investment

New Delhi, April 27 (IANS) NIDA Rooms hotel reservation system, the largest “virtual hotel operator” in Southeast Asia, on Wednesday said it has secured an equity investment of $ 4.2 million, led by two leading Asian venture capital firms. “NIDA ...

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Indian Insurance Companies (Foreign Investment) Rules, 2015 Notified; Foreign Equity Investment Cap of 49 Per Cent Applicable to All Indian Insurance Companies; Foreign Direct Investment (FDI) Proposals up to 26 Per Cent of the Total Paid-Up Equity of the Indian Insurance Company Allowed on the Automatic Route, and FDI Proposals which take the Total Foreign Investment Above 26 Per Cent and up to the Cap of 49 Per Cent Shall Require FIPB Approval

The Indian Insurance Companies (Foreign Investment) Rules, 2015 have been notified by the Government of India under the powers conferred by Section 114 of the Insurance Act, 1938 read with clause (b) of sub-section (7A) of Section 2 of the ...

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FDI equity inflows rise 24% to $22.43 bn in Jan-Sep period

The government in August has allowed FDI up to 49 percent on approval route in defence sector with certain conditions. Foreign Direct Investment (FDI) equity inflows into India increased by 24 percent year-on-year to USD 22.43 billion during January-September 2014, the Commerce and ...

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