Delhi clears 22 FDI proposals worth $112.5m
New Delhi - Arabstoday
The Indian government on Friday approved 22 foreign direct investment (FDI) proposals amounting to Rs586.137 crore ($112.5 million). The proposals were cleared following recommendations of the Foreign Investment Promotion Board (FIPB) at its meeting March 30, 2012, the finance ministry said in a statement. FDI is considered stable in comparison to foreign institutional investor (FII) funds, which are called “hot money”. The government cleared Shantha Biotechnics’ proposal of Rs.514 crore to increase its foreign equity in brownfield pharmaceutical sector to carry out the activities of research, development.
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Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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