The Bombay High Court on Wednesday upheld the reduction of the total penalty imposed on Jaipur IPL Cricket Pvt. Ltd. (JIPL), owner of the Rajasthan Royals franchise, from Rs. 98.35 crores to Rs. 15.
Foreign investor can make investment in India directly or indirectly through Indian entity. Foreign direct investments are direct investments by foreign investors in India. Indirect foreign investments or downstream investments are routed through Indian entity.