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Adani's AMG Media acquires 49% in Quintillion Business Media for Rs 48 cr: AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in May last year. The transaction was completed on March 27 for "Rs 47.84 crore", it said. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime.

HDFC To Raise Rs 57,000 Crore Via Bonds: The board of the Housing Development Finance Corporation Ltd. approved raising Rs 57,000 crore through bonds. The mortgage lender will issue unsecured redeemable non-convertible debentures aggregating Rs 57,000 crore, the company said in an exchange filing. The bonds will be issued under a shelf placement memorandum in various tranches on a private placement basis, the filing showed.

Lupin Gets Tentative U.S.FDA Approval To Market Generic Valbenazine Capsules; Pharmaceuticals firm Lupin Ltd. said on Monday it has received tentative approval from the U.S. health regulator to market its generic valbenazine capsules used to treat involuntary movements of the face, tongue, or other body parts. The approval by the U.S. Food and Drug Administration is for the abbreviated new drug application of valbenazine capsules of strengths 40 mg, 60 mg, and 80 mg, the company said in a regulatory filing. These are the generic equivalent of Ingrezza capsules, 40 mg, 60 mg, and 80 mg, of Neurocrine Biosciences, Inc., it added. Valbenazine capsules had estimated annual sales of $1,235 million in the U.S., the company said, citing IQVIA MAT December 2022 data.

Aditya Birla Capital to sell off insurance broking arm to Edme Services: Financial Services firm Aditya Birla Capital has decided to exit the insurance broking business by selling its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL) to Edme Services for an undisclosed amount. The proposed deal includes the sale of the entire 25,65,103 equity shares of Rs 10 each held by the company (along with its nominees), representing 50.002 per cent of the issued and paid-up share capital of ABIBL to Edme Services Private Limited.

OMCs get Rs 800 crore to set up over 7,000 fast-charging stations: In a push for green mobility, the Centre on Monday sanctioned Rs 800 crore under Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME II) to three public sector oil-marketing companies (OMCs) for setting up 7,432 public fast-charging stations across the country

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