Investment Board Refers Holcim Proposal To Cabinet For Approval

New Delhi: Inter-ministerial body FIPB has referred the Rs 3,400-crore foreign investment proposal of Holcim (India) to the Cabinet Committee on Economic Affairs for approval, while deferred the decision on Vodafone's application for acquisition of You Broadband India. As per a Finance Ministry statement, the Foreign Investment Promotion Board (FIPB) approved two FDI proposals involving inflows of Rs 2.19 crore and rejected seven FD...