News Headlines from Business News Agencies (14/3/23)

• IBC provisions cannot be turned into debt recovery proceeding: NCLAT

• Pfizer to acquire Seagen for $43 bn to deepen reach into treating cancer

• Hyundai signs agreement to acquire General Motors’s Talegaon plant

• Shriram Finance aims to raise $2.44 bn in FY24 to fund growth: Official

• Warehousing developer Pragati Group raises $200mn from Singapore based fund

• BrightNight, ACEN ink $250 mn pact for India renewables buildout

• Nokia join hands with Netplus to deliver broadband services in India

• Paytm monthly transacting users surge to 89 mn, leads offline payments

• Centre seeks Lok Sabha nod for additional spending of Rs 1.48 trillion

• MSME competitive scheme part of efforts to strengthen sector: PM Modi

• SBI Mutual Fund raises Rs 3,600 crore through dividend yield NFO

• Sebi to auction 66 properties of Saradha Group on April 11 to recover money

• Retail inflation eases marginally to 6.44% in February from 6.52% in Jan

• RCap insolvency: SC agrees to hear Torrent plea against NCLAT order

• UK Prime Minister Rishi Sunak hikes country’s defence spending on US tour

• The Ayurveda Co raises Rs 100 crore in funding led by Sixth Sense Ventures

• GAIL announces interim dividend of Rs 4 per share

• Parliament panel raises concern over pace of Vande Bharat train production.

• India’s retail inflation slows to 6.4% in Feb, stays above RBI’s tolerance limit for second straight month.

• Gujarat government earned Rs 38,760 crore from taxes on petrol, diesel in two years

• Centre approves Rs 1,816 crore to 5 states as disaster relief

• Mahindra Group sells over six per cent stake in Mahindra CIE Automotive

• India’s engagement with China “complex”: MEA’s annual report

• India bats for sovereign rating upgrade in review with global agencies

• India to auction newly found lithium reserve

• LIC’s debt exposure in Adani group companies dips marginally to Rs 6,183crore as of March 5

• Parliament panel recommends resumption of senior citizen concession in rail fare

• Dalal Street’s fear index closes 21% higher amid SVB fallout concerns

• Indian Immunologicals signs MoU with ICAR-CIFA for commercial development of fish vaccine

• Indian Railways completes electrification of Uttarakhand’s 347-km broad gauge network

• Mahindra Automotive is title sponsor of IBA Women’s World Boxing Championships

• Paytm’s GMV rises to ₹2.34 lakh cr in Jan-Feb; loan disbursements up 286% YoY

• India’s organised hotel industry has recovered to pre-pandemic levels

• Mumbai hits country’s highest March temp twice at 39.4 degree Celsius: IMD

• Welspun One Logistics launches ₹2000 cr warehousing AIF

• HSBC buys Silicon Valley Bank’s UK arm for £1

• China’s New Premier vows to reassure private sector

• China’s Xi to speak to Zelensky, meet next week with Putin

• AI startups raise over $50 billion venture capital funding in 2022: GlobalData

• Fitch affirms Adani Electricity Mumbai’s USD notes at ‘BBB-’

• PVC pipe makers to log 13-15% volume growth next fiscal: Crisil