Author: NNI Editor
SILA, a real estate platform headquartered in Mumbai, said it has received an unspecified amount of strategic investment from Mahendra Singh Dhoni family office to accelerate growth. Founded by brothers Rushabh and Sahil Vora, SILA is backed by Norwest Venture Partners. The company has grown its Facility Management and Real Estate Advisory services across India. MS Dhoni family office in a statement said, “SILA is a dynamic Real Estate platform that has stood out in a highly competitive industry. Their ability to scale rapidly while maintaining a strong culture and sharp execution sets them apart.”“What drew us in even more was Sahil…
Wipro GE Healthcare has launched Versana Premier R3, an AI-enabled ultrasound system, which the company claimed, would enhance clinical efficiency, accuracy, and workflow automation.Manufactured at Wipro GE Healthcare’s PLI factory in Bengaluru, Versana Premier R3 would offer exceptional image clarity, AI-driven automation, and compatibility with 23 probes for precise diagnoses, the company claimed.Chaitanya Sarawate, Managing Director, Wipro GE Healthcare South Asia said, “At Wipro GE Healthcare we continue to make advancements in AI, investing in foundation models that can help enhance precision care, ease clinical workflows and enable better patient outcomes.”AI was central to building personalised, preventive, and affordable healthcare,…
In her 2025-26 Budget speech, the FM announced a high-level committee for regulatory reforms would be set up to review all non-financial sector regulations, certifications, licenses, and permissions. File Finance Minister Nirmala Sitharaman on Tuesday (March 4, 2025) said the Government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a “seamless, export-friendly” economy. “A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player,” Ms. Sitharaman said while addressing a post-budget webinar on ‘MSMEs as engine…
Brent crude, the global oil benchmark, fell 1.49% to $70.55 per barrel in futures trade. File | Photo Credit: The Hindu The rupee pared initial losses and settled on a flat note with a gain of just 2 paise at 87.30 (provisional) against the U.S. dollar on Tuesday (March 4, 2025), as a weak U.S. Dollar index and a sharp fall in crude oil prices prevented the slide in the domestic unit. Forex traders said the Indian rupee traded flat with a negative bias on a weak tone in the domestic markets. Foreign Institutional Investors (FIIs) continued to remain net sellers,…
Union Minister of Road Transport and Highways Nitin Gadkari with Union Minister of Consumer Affairs Pralhad Joshi and Tata Motors Executive Director Girish Wagh flags off India’s First Hydrogen Truck Trials, at Taj Palace in New Delhi on Tuesday, March 4, 2025 | Photo Credit: ANI Tata Motors on Tuesday (March 4, 2025) launched the first-ever trials of hydrogen-powered heavy duty trucks in order to assess their viability for long haul transportation solutions. The trial phase will span up to 24 months and involves deployment of 16 advanced hydrogen-powered vehicles with varying configurations and payload capacities.The trucks, equipped with Hydrogen…
Belgian Princess Astrid said Belgium recognises India’s growing strategic role and fully supports its aspirations for a balanced and inclusive global order. File | Photo Credit: AP Belgium recognises India’s growing strategic role and fully supports its aspirations for a balanced and inclusive global order, Belgian Princess Astrid said, calling for deeper bilateral engagement in sectors such as clean energy technology and defence.Ms. Astrid is in India leading a high-level economic mission that is aimed at significantly shoring up bilateral trade and investment cooperation.As the gateway to Europe, we offer Indian businesses strategic access to the EU market, while India’s…
Securities and Exchange Board of India (SEBI) headquarters in Mumbai. File | Photo Credit: Reuters Capital markets regulator SEBI’s total income rose 48% year-on-year to ₹2,075 crore in 2023-24, driven by increased earnings from fees and subscriptions.Of the total income, the regulator earned a fee income of ₹1,851.5 crore, which was way higher than ₹1,213.22 crore garnered in the preceding financial year, according to Sebi’s annual statement of accounts 2023-24 made public on Tuesday (March 4, 2025). Additionally, income from investments widened to ₹192.41 crore from ₹161.42 crore and other income increased to nearly ₹18 crore from close to ₹15…
Former Securities and Exchange Board of India (SEBI) Chariperson Madhabi Puri Buch. File | Photo Credit: PTI The Bombay High Court on Tuesday (March 4, 2025) stayed a Mumbai sessions court order for four weeks that directed the Anti-Corruption Bureau (ACB) to register an FIR against the former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and five other SEBI and Bombay Stock Exchange (BSE) officials in an alleged stock market fraud, regulatory violations, and corruption linked to the listing of a company in 1994.Also read: Who is Madhabi Puri Buch, the markets regulator under attack from…
A view of the BSE building in Mumbai. File Falling for the third straight day, benchmark BSE Sensex declined by 96 points to close below the 73,000 mark on Tuesday (March 4, 2025) amid global equity rout on tariff war worries and persistent foreign fund outflows.The 30-share BSE barometer closed at 72,989.93, down by 96.01 points or 0.13%, as 18 of its components declined and 12 settled with gains. During the day, it dropped 452.4 points or 0.62% to a low of 72,633.54 but recovered some of the losses in the second half.Extending the losses for the 10th straight session,…
Representative image | Photo Credit: MURALI KUMAR K India’s power consumption grew marginally to 131.54 billion units (BU) in February, higher than 127.34 BU in the year-ago period, according to the government data.However, the two figures are not comparable, as 2024 was a leap year.According to official data, power consumption was 127.34 BU in February 2024.The highest supply in a day (peak power demand met) also rose to 238.14 GW from 222 GW in February 2024.The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW…