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of <h1>Janalakshmi Financial Services FDI Share Swap Approved; Quintillion, Morgan Stanley Deferred; Sistema Shyam, Mount Kailash Rejected.</h1> The government has approved a Foreign Direct Investment (FDI) proposal from Janalakshmi Financial Services Limited for a share swap with non-resident shareholders. Five proposals, including those from Quintillion Business Media and Morgan Stanley, were deferred. Four proposals, such as those from Sistema ShyamTeleServices and Mount Kailash Shipping, were rejected. Two proposals, including Turmeric Vision and FTF Pharma, were not under the Foreign Investment Promotion Board's jurisdiction. Three proposals, from ZCL Chemicals, Glenmark Pharmaceuticals, and Euronet Services, were withdrawn by the applicants.
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