On Friday, the government has cleared 10 Foreign Direct Investment (FDI) proposals worth Rs.505 crore based on the recommendations of the Foreign Investment Promotion Board (FIPB), says an official statement.

Singapore based Helix Investment’s FDI proposal has been valued at Rs 475 crore.

There were total of 18 proposals on the agenda, 10 were cleared and two were rejected and four were deferred of which Sherkhan’s proposal was one.

Read EquityPandit’s Nifty Outlook for this week