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Time of India
4 days ago
- Politics
- Time of India
HC reserves order on petition seeking stay on S+4 floor policy in Gurugram
GURUGRAM : Punjab and Haryana high court has reserved its order on a petition seeking a stay on construction of four floors with stealth parking — also called S+4 floor buildings — in the city's residential areas. The matter, which drew widespread attention due to its potential impact on urban infrastructure and the environment, was heard by the division bench led by the chief justice. The petition was filed by Sunil Singh, a resident of Sushant Lok, who challenged the July 2024 notification issued by the department of town and country planning (DTCP) that permits the construction of four floors on residential plots. The petitioner also accused the govt of ignoring its responsibility to upgrade basic amenities like sewage, water supply and roads before implementing the policy. Singh argued that this decision was taken without any assessment of existing infrastructure capacity or environmental impact. During the hearing, the petitioner's counsel questioned the validity of the expert committee report that recommended allowing four floors. The counsel also highlighted the lack of environmental assessment in the decision-making process. "This policy is not in the interest of the common residents but rather serves the interests of builders," he said, adding that the unchecked vertical expansion was disturbing the city's planned layout and livability. He informed the court that while DTCP collected approximately Rs 1,100 crore through additional FAR and other development charges, no significant infrastructure improvement was made. The court, on March 24, refused to grant interim relief. The petitioner then moved Supreme Court, which acknowledged the seriousness of the issue and directed HC to reconsider the matter. HC then held a detailed hearing on Thursday and Friday, after which it reserved its order on the interim relief last week. The counsel pointed out that most of the residential colonies in the city had their service plans approved based on a population density of 13.5 persons per plot. However, the four-floor policy would increase the density to 18 persons, putting pressure on already stretched infrastructure. Additionally, the July 2024 notification of the DTCP was also challenged during the hearing. In HC reserving the verdict, it will be crucial to determine whether the controversial four-floor policy will remain in effect or face suspension. The decision is awaited by residents, builders and planning authorities alike.
Time of India
5 days ago
- Politics
- Time of India
HC reserves order on petition seeking stay on S+4 floor policy in Gurgaon
Gurgaon: Punjab and Haryana high court has reserved its order on a petition seeking a stay on construction of four floors with stealth parking — also called S+4 floor buildings — in the city's residential areas. The matter, which drew widespread attention due to its potential impact on urban infrastructure and the environment, was heard by the division bench led by the chief justice. The petition was filed by Sunil Singh, a resident of Sushant Lok, who challenged the July 2024 notification issued by the department of town and country planning (DTCP) that permits the construction of four floors on residential plots. The petitioner also accused the govt of ignoring its responsibility to upgrade basic amenities like sewage, water supply and roads before implementing the policy. Singh argued that this decision was taken without any assessment of existing infrastructure capacity or environmental impact. During the hearing, the petitioner's counsel questioned the validity of the expert committee report that recommended allowing four floors. The counsel also highlighted the lack of environmental assessment in the decision-making process. "This policy is not in the interest of the common residents but rather serves the interests of builders," he said, adding that the unchecked vertical expansion was disturbing the city's planned layout and livability. He informed the court that while DTCP collected approximately Rs 1,100 crore through additional FAR and other development charges, no significant infrastructure improvement was made. The court, on March 24, refused to grant interim relief. The petitioner then moved Supreme Court, which acknowledged the seriousness of the issue and directed HC to reconsider the matter. HC then held a detailed hearing on Thursday and Friday, after which it reserved its order on the interim relief last week. The counsel pointed out that most of the residential colonies in the city had their service plans approved based on a population density of 13.5 persons per plot. However, the four-floor policy would increase the density to 18 persons, putting pressure on already stretched infrastructure. Additionally, the July 2024 notification of the DTCP was also challenged during the hearing. In HC reserving the verdict, it will be crucial to determine whether the controversial four-floor policy will remain in effect or face suspension. The decision is awaited by residents, builders and planning authorities alike.
Time of India
23-05-2025
- Business
- Time of India
Next-Gen Surgery Starts Here and It's Made in India
'Every journey unfolds in three phases—rejection, apprehension, and acceptance,' says Sunil Singh, Founder and CEO of Univlabs . 'We built Univlabs to persist through each one.' In 2015, Sunil faced a bold question while visiting a major Gov hospital in north India? While working in an American company I am personally getting enriched but what's the cost to the country and society? Can world-class surgical technology be built in India, designed by Indian minds, for Indian needs and still compete with the best globally? Today, Univlabs is addressing that question. With a growing team, a global presence, and trusted products being used in operating rooms both in India and internationally, Univlabs demonstrates that innovation can be developed right here in India, rather than relying on imports. Why Univlabs Was Born For decades, Indian hospitals have relied on imported or refurbished surgical equipment that is expensive, outdated, and often ill-suited to local needs. Surgeons have adapted, while patients have paid the price. Sunil Singh, who has spent years designing electronic products in automotive, consumer, and surgical domain at global companies, saw a clear opportunity and a solution. India needed its own devices, not just cheaper versions of existing tech, but better, smarter tools made with purpose and a drive. That became the mission and vision behind UnivLabs. Innovation Across Borders Univlabs takes a global approach to innovation while staying grounded in India's realities. The company operates R&D centers in Gurugram, France, and Germany while collaborating with Japanese leaders in imaging. This unique model brings together Indian ingenuity and access to European and Japanese With over 16 patents and recognition from the Department of Scientific and Industrial Research (DSIR), Univlabs focuses on three core domains: 4K Endo Vision Suite with ICG imaging, Urology Fluid Management devices , and real-time surgical collaboration through the Collaborative Surgical Module (CSM). All products are designed as per international standards with innovation and patient centricity at the core. Designed with Surgeons in Mind UnivLabs builds in collaboration with the people who matter most, surgeons. Its flagship 4K ICG Endo Vision Suite, for example, offers incredible visual clarity, helps reduce fatigue during long procedures, and supports real-time tissue differentiation using fluorescence at fair price enabling widespread adaption of latest technology, The AmSafeX catheter is another standout. Traditional Foley catheters, unchanged for decades, often cause injury when used incorrectly. AmSafeX solves this with visual markers that indicate exactly when it's safe to inflate the balloon, preventing trauma and giving clinicians more confidence with every procedure. These are not incremental improvements. They're deeply thoughtful, problem-solving innovations made for better outcomes. Trusted by India's Best UnivLabs' products are now used in top hospitals and medical colleges across the country. Surgeons across India consistently rate the company's systems highly Dr. Aaml Das from Pondicherry shared his experience: 'Excellent product, great support team. We're already planning to scale up.' UnivLabs products are also gaining traction outside India, with early adoption in regions like Africa. Powered by an Exceptional Team Behind every product is a team that brings together medical insight and deep-tech experience. Sunil Singh leads the way, joined by Co-founder Dr. Anil Mandhani, one of India's foremost urologists. The broader leadership includes veterans from top healthcare and tech companies like Novartis, Kerry Bio Science, Stryker and Karl-Storz. This is a team that combines clinical credibility with a clear focus on execution. And above all, they share a belief that India can lead, not follow, when it comes to MedTech. A Startup with Global Intent Univlabs calls itself a 'startup multinational.' It may be lean and entrepreneurial, but it's already operating in over 20 countries and growing fast. With over 100 percent year-on-year growth, the company is operating in a global market potential worth $22 billion, with a strong focus on India's $2.6 billion share and emerging markets beyond. Its success has already paid dividends—literally. The Ministry of Electronics and IT, an early supporter, has seen a 36-fold return on its investment in the company. Shaping the Future from India Univlabs is not here to be a low-cost alternative to Western brands. It's here to redefine what quality looks like in surgical innovation , and to do it with pride, from India. 'We don't just want to be an Indian alternative to global brands,' says Sunil. 'We want to be the global brand that just happens to be from India.' That's more than a mission. It's a mindset. And in operating rooms across India, it's already changing lives. Looking Ahead The next wave of surgical innovation isn't waiting for permission. It's already underway—in Univlabs' labs and hospitals, led by engineers, surgeons, and visionaries who believe healthcare technology should be smart, accessible, and proudly made in India. Univlabs is building that future, one surgery at a time. Disclaimer - The above content is non-editorial, and ET Healthworld hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
Business Standard
20-05-2025
- Business
- Business Standard
InvesTek Crosses ₹1100 Crore AUM, Marking a New Era in Intelligent Wealth Management
PRNewswire New Delhi [India], May 20: InvesTek, India's fastest-growing Financial Services FinTech, has achieved a significant industry milestone - crossing Rs1100 Crore in Assets Under Management (AUM) in just 15 months since its inception in January 2024. This landmark achievement is the latest in a series of rapid growth spurts that reflect the firm's unwavering commitment to financial innovation, energetic leadership, and client-first advisory. InvesTek's journey has not only redefined what's possible in wealth management but also signalled a powerful shift toward AI-driven, human-led investment solutions. Key Achievements Driving Growth 1. Diverse, Growing Team: InvesTek's team now comprises 100+ professionals, with 72% of team strength being women, reflecting its strong commitment to inclusive excellence and empowered leadership. With 6 offices across the country. 2. HiAi - Human Intelligence with Artificial Intelligence: The company's flagship market analytics system merges human advisory with machine intelligence, offering predictive insights that empower smarter, data-backed investment decisions. 3. InvesTek Times - Newsletter and Spotify podcast: Now a must-read for industry watchers, this daily publication provides timely perspectives on market trends, portfolio strategies, and economic shifts - bridging the gap between insight and action. 4. Private Equity - Tapping emerging opportunities: Launched in Q4 2024, this vertical empowers clients to tap into high-growth private market opportunities, backed by strategic insights and thorough due diligence. In just a short span, InvesTek has rapidly emerged as one of the leading players in the region. 5. Scale and Impact: With Rs3,500 Crore in Assets Under Advisory through multi-family operations and Rs1,200 Crore in Investment Banking deal size, InvesTek has demonstrated strong market traction and growing client trust across its key service lines. InvesTek has also launched Optimus Insurance, An AI-driven platform for life, health and asset coverage with a 100% persistency rate. Leadership Reflections Sunil Singh, CEO of InvesTek, shared: "This is more than a milestone - it's a movement. We set out to change the way India builds wealth, and reaching Rs1100 Crore AUM shows that our approach resonates deeply with today's investors." Mohit Talwar, Chief Investment Officer, added: "From Rs100 Crore to Rs1100 Crore in under 15 months - it's been a journey of vision, execution, and trust. The future of wealth is intelligent, inclusive, and incredibly exciting." Anil Singh, Chief Technology Officer, added: "AI is no longer the future: it's the foundation. At InvesTek, we're building intelligent systems that think faster, adapt smarter, and deliver clarity in a complex world. Our technology isn't just supporting growth: it's driving a new era of informed, data-powered decision-making." Looking Ahead: InvesTek's Vision for the Future As InvesTek scales up, its forward-looking roadmap includes: * Enhancing HiAi capabilities for deeper, more personalized insights. * Expanding private equity access, giving clients more tools to create generational wealth. * Growing the team to 200, ensuring consistent service and innovation as the client base expands. * Launching a next-gen mobile app, integrating portfolio management, financial education, and market tools into a seamless, user-friendly platform. * Aiming for Rs2600 Crore AUM by 2026, accelerating its position as a frontrunner in India's wealth management sector. Logo: Media contact: Priya Maheshwari +91 87500 00233 info@
Yahoo
20-05-2025
- Business
- Yahoo
InvesTek Crosses ₹1100 Crore AUM, Marking a New Era in Intelligent Wealth Management
NEW DELHI, May 20, 2025 /PRNewswire/ -- InvesTek, India's fastest-growing Financial Services FinTech, has achieved a significant industry milestone – crossing ₹1100 Crore in Assets Under Management (AUM) in just 15 months since its inception in January 2024. This landmark achievement is the latest in a series of rapid growth spurts that reflect the firm's unwavering commitment to financial innovation, energetic leadership, and client-first advisory. InvesTek's journey has not only redefined what's possible in wealth management but also signalled a powerful shift toward AI-driven, human-led investment solutions. Key Achievements Driving Growth Diverse, Growing Team:InvesTek's team now comprises 100+ professionals, with 72% of team strength being women, reflecting its strong commitment to inclusive excellence and empowered leadership. With 6 offices across the country. HiAi – Human Intelligence with Artificial Intelligence:The company's flagship market analytics system merges human advisory with machine intelligence, offering predictive insights that empower smarter, data-backed investment decisions. InvesTek Times – Newsletter and Spotify podcast:Now a must-read for industry watchers, this daily publication provides timely perspectives on market trends, portfolio strategies, and economic shifts – bridging the gap between insight and action. Private Equity – Tapping emerging opportunities:Launched in Q4 2024, this vertical empowers clients to tap into high-growth private market opportunities, backed by strategic insights and thorough due diligence. In just a short span, InvesTek has rapidly emerged as one of the leading players in the region. Scale and Impact:With ₹3,500 Crore in Assets Under Advisory through multi-family operations and ₹1,200 Crore in Investment Banking deal size, InvesTek has demonstrated strong market traction and growing client trust across its key service lines. InvesTek has also launched Optimus Insurance, An AI-driven platform for life, health and asset coverage with a 100% persistency rate. Leadership Reflections Sunil Singh, CEO of InvesTek, shared:"This is more than a milestone – it's a movement. We set out to change the way India builds wealth, and reaching ₹1100 Crore AUM shows that our approach resonates deeply with today's investors." Mohit Talwar, Chief Investment Officer, added:"From ₹100 Crore to ₹1100 Crore in under 15 months – it's been a journey of vision, execution, and trust. The future of wealth is intelligent, inclusive, and incredibly exciting." Anil Singh, Chief Technology Officer, added:"AI is no longer the future: it's the foundation. At InvesTek, we're building intelligent systems that think faster, adapt smarter, and deliver clarity in a complex world. Our technology isn't just supporting growth: it's driving a new era of informed, data-powered decision-making." Looking Ahead: InvesTek's Vision for the Future As InvesTek scales up, its forward-looking roadmap includes: Enhancing HiAi capabilities for deeper, more personalized insights. Expanding private equity access, giving clients more tools to create generational wealth. Growing the team to 200, ensuring consistent service and innovation as the client base expands. Launching a next-gen mobile app, integrating portfolio management, financial education, and market tools into a seamless, user-friendly platform. Aiming for ₹2600 Crore AUM by 2026, accelerating its position as a frontrunner in India's wealth management sector. Logo: Media contact: Priya Maheshwari+91 87500 00233info@ View original content: Sign in to access your portfolio
