NEW DELHI: The Foreign Investment Promotion Board (FIPB) has permitted Oxigen Services (India), Gurgaon, induction of Rs 10.6 million in foreign direct investment or non-resident India inflow for carrying out various businesses including providing B2B services like mobile, direct-to-home (DTH) TV, and broadband recharges.

The government also approved the proposal by Alliance Data, Singapore, to undertake the additional business of publishing and printing an Indian edition of a foreign specialty magazine. This will not entail any additional FDI.

The Finance Ministry has deferred the proposal of Catvision Limited, Noida, to increase foreign equity participation to carry out the business of manufacture of CATV equipment, selling CATV equipment like dish antenna, other CATV equipment, cables, energy management equipment and repair of apparatus for television transmission and other business services.

It has also deferred post-facto approval to ratify the NRI investment by Jeevan Telecasting Corporation Ltd.

Two other proposals deferred are that of Fine Publishing India for induction of foreign equity to carry out the business of publishing specialty technical magazines covering the subject of wine and champagne, and that of Reed Elsevier India to undertake the additional activity relating to the business of publishing and co-publishing (in and outside India), including digital publishing, printing, reprinting, adaptation, article reprinting, repackaging, translation, distribution of scientific, technical, medical, specialty and research journals/magazines/periodicals in any media including print media.