<h1>Government Approves FDI Proposals for BMJ, Oxford, Dr. Reddy's, Quintillion; 8 Deferred, 4 Rejected by FIPB.</h1> The Central Government has approved four foreign direct investment (FDI) proposals following the recommendations of the Foreign Investment Promotion Board (FIPB). These include BMJ Group India Pvt Ltd for scientific publications, Oxford University Press for setting up a wholly-owned subsidiary in India, Dr. Reddy's Laboratories Ltd for acquiring an Indian non-banking financial company, and Quintillion Business Media Pvt Ltd for issuing equity shares to Bloomberg L.P. Eight proposals were deferred, four were rejected, and three were deemed outside FIPB's purview. The deferred and rejected proposals spanned sectors like advertising, pharmaceuticals, and defense.