FIPB the Government has permitted Dish TV India to increase foreign equity to the extent of Rs 1000 crores. The leading direct-to-home company had sought permission to raise funds to produce telecommunication equipment and provide management and marketing of 'agrani' services in the area of Mobile Satellite Communications.
Meanwhile, NDTV Lifestyle Ltd has been permitted to increase in foreign equity up to 100 per cent. The company is engaged in the media industry for up-linking, producing, distributing and broadcasting non-news and non- current affairs TV channels. This will not involve any additional FDI.
The decisions are based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on 15 November, 2011.