News Headlines from Business News Agencies: 28-2-2023

• Granules gets USFDA nod to market generic medicine for high blood pressure

• India Inc’s profit margin narrows in Dec quarter on high inflation: Icra

• Dr Reddy’s acquires Mayne Pharma’s USA prescription portfolio for $105 mn

• Edtech firm PhysicsWallah announces joint venture with Utkarsh Classes

• PM releases Rs 16,000 cr to farmers in latest installment under PM-KISAN

• Divgi TorqTransfer Systems sets IPO price band at Rs 560-590 per share

• Fabindia withdraws $482 million IPO due to rough market conditions

• Ethical standards in advertising are needed, says Union government

• Shailesh Pathak appointed as Ficci secy general, to take charge on March 1

• Fertiliser imports rose 3.9% to 1.9 mn metric tonnes in January: Govt data

• PLI scheme boost: Apple creates 100,000 new direct jobs in 19 months

• Vedanta-Hindustan Zinc deal worry may hit divestment plan for FY23

• Paytm shareholding changes: Ant exceeds 25% mark, MFs increase their stake

• Air India’s premium avatar by mid-2024; Maharaja stays: CEO Wilson

• 5G to contribute $450 billion to India’s GDP by 2040, says report

• UP will have America-like road infra by 2024: Nitin Gadkari

• Retail mutual fund assets base grows 9.3 pc to over Rs 23 lakh cr in Jan

• Adani rebuffs report of $400 million fundraise against Australian assets

• NCLAT upheld Adani Power bid for Korba West Power; asks Shapoorji Pallonji & Co to pursue arbitration for claims

• FPIs stay bullish on India’s infrastructure theme despite selling in the broader market

• Vi partners with Gamerji to launch e-sports platform

• Eight heliports to come up in Himachal in 2023

• Essar launches EET to invest $3.6 billion in energy transition in the UK and India

• Reliance General Insurance Q3 results: PAT rises 23% YoY to Rs 59 cr

• Bharti Airtel 5G crosses 10 million unique users

• Venus Remedies gets good manufacturing certification from Saudi drug regulator.

• Zomato’s demand for more commissions sparks fresh conflict with restaurants

• March to bring bear-market risks for US stocks: Morgan Stanley

• DGCA’s significantly increased checks to ensure flight safety: Arun Kumar

• Zee Entertainment to be reinstated into F&O segment

• Jindal Stainless, CII join hands for corrosion management

• Nitin Gadkari inaugurates 7 highway projects worth ₹6,500 cr in Ballia, Uttar Pradesh

• Cement volumes expected to grow 8-9% in FY23, says report

• Greenko repays global bonds worth $935 million

• EaseMytrip signs ad agreement with Women’s Premier League team UP Warriorz

• Air India to let go of Vistara brand post-merger: CEO Campbell Wilson

• SpiceJet to raise ₹2,500 crore in fresh capital via QIP.

• Japan to invest ₹7,200 crores in Uttar Pradesh, HMI Group developing 30 hotels

• Adani Ports crosses 300 MMT cargo handling

• DroneAcharya partners with Gridbots for drone manufacturing.

• Emirates is exploring a codeshare agreement with Tata Group-run Air India.

• India, EU differ on tech barriers to trade

• Govt proposes fund to explore offshore mining • Carlyle Aviation converts SpiceJet’s dues into 7.5% stake