Xiaomi’s SU7 electric car, which it will begin selling in China this year, is unlikely to come to India anytime soon, company executives said. “Outside China, we don’t know if there are any plans,” said Anuj Sharma, chief marketing officer at Xiaomi India. The Chinese company, best known for its smartphones, plans to revamp its tablet and wearables portfolio in India.

Roche Pharma India, a subsidiary of the Swiss pharmaceutical giant Roche, has launched monoclonal antibody drug, Ocrevus (ocrelizumab) in India for the treatment of multiple sclerosis.The company said Ocrevus is the first disease-modifying therapy (DMT) for both relapsing multiple sclerosis (RRMS) and primary progressive multiple sclerosis (PPMS) and targets 150,000-200,000 patients.

Aadharshila Infratech, the sponsor of Bharat Highways InvIT, has invested Rs 664.5 cr in the InvIT ahead of its IPO opening. Bharat Highways said the InvIT offer committee of GR Highways Investment Manager, the investment manager of the InvIT, on February 26, has finalised allocation of 6,64,50,000 equity shares to Aadharshila Infratech, at a price of Rs 100 per unit.

The supermarket category in the retail and consumer products sector witnessed a 300x jump in deal value in 2023 compared to the year-ago period, majorly driven by the investment of $1.8 billion in Reliance Retail Ventures Limited, according to the IVCA–EY: PE/VC agenda: India Trend Book 2024 report. The report was launched at the IVCA Conclave 2024 in Mumbai.

Mumbai-based payments firm Mswipe Technologies has closed $20 million in primary growth equity capital from its existing investors. While the firm did not specify the investors name, its existing captable includes Alpha Wave Global, Matrix Partners, B Capital, DSG Consumer Partners, Epiq Capital, UC-RNT, and Ola. It had previously raised over $107 million from them.

Finance Secretary TV Somanathan advocated for a change in the performance audit culture of the CAG of India. Mandated by the Constitution of India, CAG conducts auditing and accounting of a government's balance sheet to provide information to the legislature, the public and the executive on whether public funds are being collected and used effectively and efficiently.

Sebi's Whole Time Member Ananth Narayan on Tuesday said circumvention of regulations is an industry-wide and generic issue with the Alternate Investment Fund ecosystem. Narayan stressed that the capital markets regulator wants to learn from the industry and work in close collaboration with it to frame the rules going ahead.

Mahindra & Mahindra Ltd revealed on February 27 the Thar Earth Edition, a distinctive variant inspired by the Thar Desert. A statement from M&M said the Thar Earth Edition seeks to expand upon the 'adventurous heritage' of the Mahindra Thar by enchanting and growing 'the community of Thar enthusiasts'. The company said that crafted with a distinctive satin matte 'Desert Fury' finish.

Clicking a suspicious link caused a massive loss of ₹48,000 to a gullible online shopper! What makes it even more shocking is that she intended to buy just a few dozen eggs on massive discount i.e. for a mere ₹49. She tried to make the payment through her credit card but she instead ended up with a bill of ₹48,000 on her card.

A panel under the housing and urban planning principal secretary has been formed to determine whether residents of Hi-Tech townships will have to pay tax to corporations.The policy’s terms exempt the townships from house, water and sewer taxes either for seven years from the start of construction or till handover of the units, whichever is earlier.

Bharti Airtel's share price rose 1.6 percent on February 27, amid growing optimism around hike in telecom tariffs and ARPU (average revenue per user) at higher levels. Bharti Airtel stock ended the day at Rs 1,127.5 on NSE. The share price has gained 16 percent in the last three months, outperforming Nifty’s 12 percent rise.

Diversified agri firm DCM Shriram on Tuesday announced an investment of Rs 1,000 crore over the next few years to set up a greenfield plant to manufacture epoxy resin. In a regulatory filing, the company informed that its board has given in-principle approval for the entry of its chemical business into the domain of "Advanced Materials" by investing in epoxy and value added products.

Internet company Info Edge’s CEO and MD Hitesh Oberoi on February 27 said that artificial intelligence (AI) is going to be the defining technology trend for the next decade. If entrepreneurs miss out on leveraging AI, they can get easily disrupted. His comments come at a time when technology companies globally are aggressively looking to find use cases to leverage AI.

RBI on Feb 27 asked bank boards and senior management to exercise caution on risk data aggregation and reporting practices besides ensuring adequate resources for execution. In its master direction on the filing of supervisory returns released on Feb 27, the central bank said the validation of risk data aggregation and risk reporting practices needs to be conducted.

Vodafone Idea board approved the plan to raise up to Rs 45,000 crore through equity and debt, said the company in an exchange filing on February 27. The company will raise Rs 20,000 crore through a combination of equity or equity-linked instruments and the rest via debt. Vodafone Idea will continue to be engaged with its lenders for tying-up the debt funding after the equity fund raise.