Top Story


Home >> International >> Article

RBI revokes permission for foreign investment in Mid-day

Font Size   16
RBI revokes permission for foreign investment in Mid-day

The Mid-day FII project stands cancelled following the government's instruction to the Reserve Bank of India (RBI) to withdraw permission for foreign investment in the Mumbai eveninger.

In a letter to RBI, the finance ministry said that foreign portfolio investment could not be permitted in companies which were engaged in activities where such investment per se was not allowed.

Information minister Sushma Swaraj later told that the finance ministry's letter to the RBI had brought to an end the controversy over the clearance for FII investments in Mid-day's multimedia project.


Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Meanwhile Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

Pankaj Belwariar, who recently resigned from the post of Vice President Marketing at Sakal Media Group, has now joined Rajasthan Patrika as the Head of Marketing in North and East region.

A look at Vivo’s ad campaign with their all-new brand ambassador Aamir Khan, which has fetched them a whopping 21 million views on YouTube