The FIPB on Friday cleared six foreign investment proposals, including that of IIFL Holdings, and Sharekhan worth about Rs 1,900 crore. "One proposal of Volkswagen Finance Pvt Ltd was rejected
as there were some policy issues," sources said. FIPB, headed by Economic Affairs Secretary Shaktikanta Das, took up seven proposals on Friday. India allows FDI in most of the sectors through
automatic route but FIPB approval is required.