Category: Business

Jitendra Chouksey, Founder & CEO of Fittr with Pavit Singh, Managing Director, Ileseum Clubs

Pune (Maharashtra) [India], February 18: Ileseum Clubs and FITTR have announced a strategic collaboration to embed preventive healthcare directly into residential communities. Ileseum, a leading clubhouse management and community ecosystem platform, and FITTR, a leading preventive health and fitness platform, are coming together to combine physical infrastructure, community-led engagement, science-backed health intelligence, advanced technology, and lifestyle management systems into a unified, end-to-end preventive health ecosystem.

The collaboration will scale across Ileseum-managed clubs and townships, with a shared ambition to reach over 50,000 Ileseum members annually and positively impact nearly 20,000 families living within integrated residential communities.

As India witnesses a sharp rise in lifestyle-related conditions such as diabetes, cardiovascular disease, and metabolic disorders, both companies believe the future of healthcare lies in prevention that is built into daily life, not delivered in silos. Rather than episodic interventions, the partnership focuses on continuous, measurable, and personalised health journeys, seamlessly integrated into where people live, move, and connect.

According to the Indian Council of Medical Research (ICMR), India currently has over 101 million people living with diabetes and 136 million classified as pre-diabetic, with non-communicable diseases accounting for more than 60% of annual deaths. Addressing this challenge requires more than awareness, it requires environments that actively enable healthier behaviour and long-term lifestyle change.

Under the collaboration, Ileseum and FITTR will jointly deliver an integrated preventive health ecosystem across Ileseum-managed clubs and communities. FITTR will contribute its preventive health intelligence including diagnostics, health scoring, personalised insights, predictive analytics, coaching, and long-term tracking, while Ileseum will activate this intelligence through its physical infrastructure, curated programming, and community-led engagement. Together, the two brands are creating a living preventive health system that moves beyond standalone services, features, or apps.

Jitendra Chouksey, Founder & CEO of Fittr, said:

“This partnership with Ileseum clubs brings preventive healthcare directly into homes and communities, making it easier for people to adopt healthier lifestyles before diseases take hold. It’s not just about fitness – it’s about extending lifespans and improving quality of life for millions.”

Pavit Singh, Managing Director, Ileseum Clubs, said:

“At Ileseum, we don’t view clubhouses as amenities – we see them as platforms that shape modern living. Partnering with FITTR allows us to embed science-backed preventive healthcare into our communities in a way that is practical, measurable, and deeply human. This collaboration reflects how residential ecosystems in India must evolve to create long-term impact at scale.”

Beyond residential living, the collaboration is also generating momentum within India’s startup and innovation ecosystem. By bringing together a health-tech leader and a category-defining community and real-estate-linked platform, the partnership reflects a broader shift in how Indian startups are solving large, systemic challenges through deep collaboration, not isolated products.

FITTR, which has empowered over 5 million users globally, and Ileseum, which operates 20+ clubs across 8+ cities and serves more than 50,000 members, represent a new generation of Indian companies building infrastructure-led, outcome-driven solutions. Their partnership demonstrates how startups can move beyond standalone offerings to create system-level impact across health, lifestyle, and urban living.

This partnership marks a decisive shift, from amenities to outcomes, from fragmented healthcare touchpoints to integrated ecosystems, and from reactive medical care to community-led, preventive lifestyle interventions designed for how people actually live today.

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New Delhi [India], February 18: The Dalit Indian Chamber of Commerce and Industry, (DICCI), hosted the International Conclave titled AI for Inclusion & the Future of Work 2026: Bridging Divides, Building Futures at The Park Hotel, New Delhi. The conclave brought together senior policymakers, global representatives, industry leaders and academic institutions to deliberate on how artificial intelligence can be shaped as a force for equitable growth and livelihood security. The event served as a strategic lead-in to the India AI Impact Summit 2026.

Chief Guest Dr. V. Anantha Nageswaran, Chief Economic Advisor to the Government of India inaugurated the DICCI’ International Conclave on AI for Inclusion and the Future of Work, and emphasized that productivity gains from AI must be complemented by investments in skilling, institutional preparedness and equitable access to digital infrastructure to ensure sustained and broad-based growth.

From a global governance perspective, Ms. Anne Bouverot, Special Envoy for Artificial Intelligence to the President of France stressed that trust, transparency and human-centric design are essential to building AI systems that serve society at scale. She noted the importance of international cooperation in ensuring that AI standards reflect democratic values and inclusive development priorities.

Addressing the conclave, Dr. Milind Kamble, Founder Chairman, DICCI, said, “Our focus must be clear i.e., education that delivers excellence, entrepreneurship that creates empowerment, and technology that drives transformation. A child in a tribal village or remote hill area must have access to the same quality of education taught at Harvard or Oxford. We must shift the narrative from victimhood to leadership, so that communities once excluded become architects of India’s growth. With 73 percent of our economy in the informal sector, AI must accelerate formalisation and expand opportunity. By 2047, development must be measured not only by GDP, but by dignity, participation and shared prosperity.”

Mr. Avinash Punekar, CEO, iCreate said “AI carries both immense promise and serious risk. Women remain underrepresented in AI leadership, and if its trajectory is left concentrated in a few hands, the socio-economic consequences can be significant. Just as financial systems required regulation after the 2008 crisis, AI now requires formalisation, accountability and clear governance to ensure its benefits are inclusive and its risks are contained.”

Prof. B. S. Sahay, Founder Director, IIM Jammu, emphasised that inclusion becomes meaningful only when it leads to measurable enterprise creation and income stability. Drawing from DICCI’s experience in economic empowerment initiatives, he noted that structured policy intervention, when aligned with institutional support, can transform vulnerable communities into organised entrepreneurs.

The conclave was structured around four institutional pillars: Global, Thinktank & Policy Advisory, Industry and Academia ensuring balanced representation across decision-making ecosystems. The Global pillar featured, and Ms. Maya Sherman, Innovation Attaché, Embassy of Israel in India. The Thinktank and Policy pillar included Dr. V. Anantha Nageswaran, Chief Economic Advisor to the Government of India, and Mr. V. Satish, Social Inclusion Policy Advisor to the Government of India. Industry leaders included Mr. Avinash Punekar, CEO, ICreate; Mr. Ashish Chauhan, MD and CEO, National Stock Exchange of India; Ms Mercy Epao, Joint Secretary, Ministry of MSME, Government of India, Dr. Chris Merz, Mastercard; Mr. Angshuman Bhattacharya, Adani AI Labs; Mr. Hitesh Sachdeva, ICICI Bank; Mr. Nipun Mehrotra, The Agri Collaboratory; Mr. Rishi Bal, BharatGen; and Mr. Anjul Katare, Central Business Solutions. The Academia pillar was represented by Prof. B. S. Sahay, Founder Director, IIM Jammu; Dr. Vinita Sahay, Director, IIM Bodh Gaya; Dr. Sunil Shukla, Director General, EDII; Prof. Binod Kumar Kanaujia, Director, NIT Srinagar; and Dr. Nitin Upadhyay, Dean, IIM Jammu.

Across four thematic pillars, discussions moved from principle to implementation.

The first session examined AI inequality and global development. Participants highlighted the concentration of compute capacity and capital, and stressed the need for expanded access to infrastructure, inclusive datasets and targeted skills development to prevent the emergence of a widening AI divide.

The second session focused on governing AI for livelihoods and small businesses. Deliberations centered on enabling formalisation for MSMEs, enhancing access to credit and markets, and deploying AI tools in agriculture and local enterprise ecosystems. The discussion reinforced that informal workers and first-generation entrepreneurs must be equipped to transition into higher productivity roles.

The third session addressed governance and oversight. Speakers examined standards for transparency, auditability and accountability in AI systems, with particular attention to bias mitigation and representational diversity in data. The importance of public disclosure norms in government-deployed AI systems was highlighted as critical to sustaining public trust.

The fourth session explored infrastructure, data and digital public goods. Industry and institutional leaders emphasized the expansion of compute infrastructure, multilingual AI systems and interoperable digital platforms to ensure equitable deployment across rural and urban geographies.

The conclave’s deliberations were anchored around seven development priorities i.e., Education, Healthcare, Agriculture, Speedy Justice, Financial Literacy, Unorganised Workers and Entrepreneurship. Participants outlined how AI-driven solutions can improve learning outcomes, expand preventive healthcare access, enhance agricultural productivity, enable faster dispute resolution, strengthen financial inclusion and support the formalisation of unorganised workers.

A key outcome of the conclave was the unveiling of the Delhi Declaration on AI for Inclusion and the Future of Work. The one-page document outlines shared principles on equity by design, worker transition pathways, inclusive digital infrastructure and responsible governance standards. The Declaration will be presented at the India AI Impact Summit 2026.

The conclave concluded with a synthesis session consolidating insights and policy recommendations aimed at building future-ready, inclusive work ecosystems. Through this initiative, DICCI built upon its emphasis to ensure that India’s AI trajectory remains anchored in constitutional values of equity, economic justice and inclusive development.

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New Delhi [India], February 18: Ahmedabad-based Indo US Bio-Tech Limited (BSE: 541304 NSE: INDOUS) is a leading company engaged in developing high-quality seeds through research and development. The company has released its investment roadmap up to 2030-31. It will invest Rs. 71.51 crore in agricultural innovation and research & development by 2030-31. A brief outline of the company’s roadmap is given below.

Establishment of Seed Processing Plant (2026-27):

In 2026-27, the company will invest more than Rs. 25 crore on 100 acres of land for R&D. For a controlled environment, it will establish a high-tech greenhouse on 1 acre of land with an investment of more than Rs. 5 crore. Similarly, the company will set up a net house on 3 acres of land with an investment of more than Rs. 75 lakh.

The company will also establish a 5000 square feet seed processing plant. More than Rs. 75 lakh will be invested in plant infrastructure. Rs. 1.25 crore will be invested in seed processing machinery.

• Focus on Seed Export (2026-27): During this period, the company will focus on seed exports. It will strategically expand into the US markets and undertake direct marketing expansion in Africa. The company will invest Rs. 5.70 crore to enter the US market, completing export licensing and documentation processes. An estimated annual growth of 12 percent is projected from this expansion. The revenue target for 2027-28 is Rs. 10.00 crore.

Additionally, the company will develop the African market with an investment of Rs. 5.60 crore, focusing on Kenya, Nigeria and Ghana. An annual growth of 15 percent is projected from this region, with a revenue target of Rs. 8.00 crore by 2027-28.

Thus, the company will focus on exports with a total investment of Rs. 11.30 crore. Break-even is expected by 2027-28 with an estimated initial profit margin of 25 percent. By 2035-36, combined revenue is projected to reach Rs. 49.17 crore.

Key implementation timeline:

2025-26: Export licenses and partnerships with African countries.

2026-27: Pilot marketing and initial exports.

2027-28: Full-scale operations begin.

• Establishment of a new Groundnut Seed Plant in Joint Venture (2026-27): The company will establish a new groundnut seed plant through a joint venture with an investment of Rs. 15 crore. A joint venture with 50 percent participation will be formed for processing and packaging. In 2026-27, the total company investment will be Rs. 59.55 crore.
• Tomato R&D Project (2027-28): In the first year, the company will invest Rs. 50 lakh in laboratory setup and genetic screening. In the second year, more than Rs. 75 lakh will be invested in breeding and field trials, along with resistance testing. In the third year, Rs. 1 crore will be invested in molecular studies and trials. Gene testing and advanced trials will be conducted. In the fourth year, Rs. 1.25 crore will be invested in large-scale trials and farmer feedback collection. In the fifth year, Rs. 1.50 crore will be invested in launching seeds in the market and providing farmer training.

This is a five-year project to develop disease-resistant tomato varieties with a total budget of more than Rs. 5 crore. The company expects to develop 2-3 resistant varieties and reduce yield loss by 25-40 percent.

• Bottle Gourd and Chilli R&D Project (2028-29): In the first year of the bottle gourd R&D project, more than Rs. 22 lakh will be invested in lab setup, screening and germination collection. In the second year, more than Rs. 28 lakh will be invested in hybridization, cross-breeding, field trials and disease testing. In the third year, more than Rs. 35 lakh will be invested in advanced trials including multi-location and pre-commercial trials. In the fourth year, sales of bottle gourd seeds will begin, with more than Rs. 40 lakh invested in full-scale production, marketing and farmer training. Total investment in the bottle gourd R&D project is estimated at more than Rs. 1.25 crore.

Under the chilli R&D project, in the first year the company will invest more than Rs. 35 lakh in collection and screening, germplasm collection, laboratory screening and marker identification. In the second year, Rs. 50 lakh will be invested in cross-breeding, marker validation and multi-location trials. In the third year, more than Rs. 60 lakh will be invested in advanced testing, germplasm improvement and pre-commercial seed launch. In the fourth year, full-scale seed production will begin with Rs. 70 lakh invested in marketing. Total investment in the comprehensive four-year chilli R&D project is estimated at Rs. 2.15 crore.

• Increase in Processing Plant Capacity (2029-30): During this period, the company will purchase state-of-the-art machinery for increased production capacity, install advanced sorting machines for maximum efficiency and expand facility space.

Through this implementation approach, the company will achieve comprehensive facility modernization. Each phase builds upon the previous one, ultimately resulting in a fully optimized processing plant. Total investment for 2028-29 is estimated at Rs. 5 crore.

8 Brinjal R&D Project (2029-30): Under the brinjal research and development project, in the first year the company will invest Rs. 50 lakh in germplasm collection, disease screening and laboratory setup for molecular breeding. In the second year, more than Rs. 65 lakh will be invested in molecular marker-assisted breeding and bacterial wilt resistance testing. In the third year, more than Rs. 60 lakh will be invested in advanced multi-location trials and Phomopsis blight resistance validation. In the fourth year, brinjal seeds will be commercialized with more than Rs. 70 lakh invested in full-scale production and farmer training programs.

The project focuses on developing high-yield hybrid varieties resistant to bacterial wilt, Phomopsis blight and fruit and shoot borer. A 50-60 percent improvement in yield is expected for farmers.

Total investment in the four-year development cycle is estimated at more than Rs. 2.65 crore. Revenue of more than Rs. 31.25 crore is targeted by the sixth year of the project.

• Tomato Seed R&D Project (2030-31): Under the two-year structured initiative, the company will work on five key stages including planning, laboratory analysis, product development, testing and commercialization. Total investment in infrastructure, human resources, materials, testing and marketing is estimated at Rs 2.69 crore. The project aims to transform tomato seeds into innovative health and agricultural solutions through nutrient extraction and sustainable methods.

In conclusion, the company will invest Rs. 71.51 crore in various agricultural innovation and research & development projects by 2030-31. This is expected to drive revenue growth, profitability and market expansion. The company management anticipates strong performance supported by improved operational efficiency and strategic growth in both domestic and international markets, with profit margins steadily increasing and potentially reaching up to 70 percent.

Note: Timelines of all projects  may change or be adjusted based on seasonal weather patterns and  agricultural conditions.

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The image shared is a render image. Maharera Number- PR1180002501971 

Mumbai (Maharashtra) [India], February 18: Mehta Realty, a name synonymous with top-tier projects and heralded by a 48-year legacy, has unveiled the latest addition to their portfolio – Mehta Marquina, an integrated lifestyle destination moulded on the principles of balance, calm and everyday ease. Located beside Mumbai’s green lung – the Aarey Forest, the project is designed as a restorative retreat where nature flows seamlessly into everyday life and mindfulness is infused into the structure’s DNA. Mehta Marquina thus is a perfect amalgamation of form and function, where modern geometry intersects natural materials, where layouts welcome sunlight, fresh air, and openness into every home, and where wellness is prized as the ultimate luxury.

• The striking 38-storey project blends seamless connectivity with enhanced quality of life at one of Goregaon’s most coveted addresses
• The 2 and 3 Bed deck residences bring the outdoors in, allowing the tranquillity of one of Mumbai’s greenest expanses to flow effortlessly into the daily routine
• The state-of-the-art wellness-themed amenities occupy an intuitive layout, carefully designed to offer residents the most restorative living experience

The structure comprises 2 & 3 Bed deck residences that not only offer panoramic views but also emanate gentle calm. Residents are thus invited to replace the mayhem of city living with a slower, more balanced way of existence. The project’s layout is intuitive, with every detail consciously planned to create a sense of calm from the moment residents step in. While landscaped podiums encourage relaxed daytime living, elevated retreats offer moments of quietude and respite while soaking in the most resplendent views of the city.

From the eight-level podium parking that offers residents direct access to their designated space to the grand entrance lobby that is furnished with high-speed elevators, daily arrivals and departures at Mehta Marquina feel more effortless. Nest 9 is the project’s social heart, which elevates everyday moments and shared experiences to unforgettable memories. The multipurpose court, mini golf course, Pilates studio and callisthenics corner add a social edge to wellness, while the infrared therapy chamber, cold plunge facility reflect Mehta Realty’s dedication to facilitating the latest regenerative therapies. Altitude 120, located on the building’s rooftop at 120 meters above, makes relaxation feel even more indulgent with hydrotherapy facilities, a jacuzzi, an observatory, an infinity pool and a sunset lounge that encourage residents to unwind in harmony with nature.

An intentional commitment to sustainability has shaped the very foundations of the project – Mehta Marquina is an IGBC Gold Pre-Certified Green Building, supporting energy efficiency, water conservation and a healthier living environment through every step of the planning and execution process. From responsible construction practices and mindful material choices to systems that reduce environmental impact and enhance everyday comfort, Mehta Marquina  reflects Mehta Realty’s long-term commitment to building a better tomorrow.

Mehta Marquina has been positioned as a legacy investment that’s primed for long-term value creation. With East Goregaon showing steady price appreciation, driven by infrastructure upgrades, metro connectivity and limited premium housing supply, the neighbourhood’s central location between the railway station and the Western Express Highway ensures strong accessibility while supporting everyday routines. Mehta Marquina further adds to these advantages by facilitating efficient entry and exit access, while opening the doors to a micro-market that is rapidly gaining momentum. While being rooted in nature, the location is also aligned with ongoing infrastructure growth and has a strong potential future value appreciation.

Ruchit Mehta, Partner at Mehta Realty, said, “Since our inception, Mehta Realty has built a peerless reputation for our meticulous approach to development, bringing together world-class lifestyle experiences and a homeowner-first focus. Mehta Marquina is an extension of that philosophy, and of our focus on creating spaces that are perfectly suited to the evolving needs of modern-day homeowners. In addition to being an iconic landmark that offers breathtaking views of the scenic locality, Mehta Marquina represents our commitment to creating legacy projects that are built for future generations and continue to yield value for our customers throughout their lifecycle.”

 About Mehta Realty:

Mehta Realty has been a pivotal force in shaping Mumbai’s skyline. With a rich heritage in real estate, the group has delivered landmark residential and commercial projects that stand as a testament to thoughtful planning, enduring quality, and community-centric design. Guided by the core values of Trust, Integrity, and Innovation, Mehta Realty is dedicated to building a sustainable future, with a vision to become a carbon-neutral organisation by 2035.

Mehta Realty –  https://mehtamarquina1978.com/

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Mumbai (Maharashtra) [India], February 18: Globe Civil Projects India Limited, an EPC-focused infrastructure company, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, as approved by its Board of Directors.

The Company continued to demonstrate stable operational execution during the period, supported by progress across ongoing projects and disciplined cost management within its Engineering, Procurement and Construction (EPC) operations.

Key Financial Highlights – (Standalone)

9M FY26

• Total Income: ₹2481.37 Million

• Profit Before Tax (PBT): ₹ 233.45 Million

• Net Profit: ₹175.67 Million

• Net Profit Margin (NPM): ~7.07%

• Earnings Per Share (EPS): ₹3.23

Q3 FY26 

• Total Income: ₹937.57 Million

• Profit Before Tax (PBT): ₹79.96 Million

• Net Profit: ₹65.28 Million

• Net Profit Margin (NPM): ~6.96%

• Earnings Per Share (EPS): ₹1.10

Key Financial Highlights – (Consolidated)

9M FY26

• Total Income: ₹2645.70 Million

• Profit Before Tax (PBT): ₹ 233.19 Million

• Net Profit: ₹175.41 Million

• Net Profit Margin (NPM): 6.63%

• Earnings Per Share (EPS): 3.23

Q3 FY26 Highlights

• Total Income: ₹1020.91 Million

• Profit Before Tax (PBT): ₹79.84 Million

• Net Profit: ₹65.16 Million

• Net Profit Margin (NPM): 6.37%

• Earnings Per Share (EPS): 1.10

Mr. Vipul Khurana, Managing Director, Globe Civil Projects Limited, said:

“The performance during the quarter and the nine-month period reflects the Company’s continued focus on disciplined execution, effective cost management, and steady progress across its EPC projects. Despite a dynamic operating environment, we were able to maintain stable revenues and profitability through prudent project selection and efficient resource utilization.”

“We remain committed to strengthening our execution capabilities, improving working capital efficiency, and selectively pursuing opportunities aligned with our risk framework. With an improving project pipeline and a strong focus on operational discipline, we are cautiously optimistic about sustaining growth momentum in the coming periods.”

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Surat (Gujarat) [India], February 18: Ventura AirConnect, Surat’s own regional airline, has launched flights connecting the city with Ahmedabad, Bhavnagar, Rajkot and Amreli, reducing the travel time between Surat and Saurashtra to just 30 minutes.

The public-spirited vision of Ventura AirConnect’s mentors Govind Dholakia, Savji Dholakia and Lavji Badshah, and their commitment to public service has ensured that this essential regional air service has continued uninterrupted since 2014.

Ventura AirConnect has been operating daily flights between Surat–Ahmedabad, Surat–Bhavnagar, Surat–Rajkot and Surat–Amreli for more than 11 years using Cessna Grand Caravan 9-seater aircraft, which is one of the world’s safest aviation categories. The airline offers these services at highly affordable fares, making air travel accessible to people across all sections of society. Over two lakh passengers have availed of the service so far.

Each aircraft operates with nine passengers and two pilots. Flight durations are approximately 30 minutes to Bhavnagar, 45 minutes to Amreli, and 60 minutes to Ahmedabad and Rajkot, significantly reducing travel time across the state.

It is noteworthy that Ventura AirConnect is the only airline in India to have operated continuous daily services with small aircraft at economical fares from a single base for over 11 years. The airline also holds a leading position in the NSOP (Non-Scheduled Operator Permit) category, a matter of pride for both Surat and Gujarat.

Passengers have consistently shared positive feedback, stating that travelling on Ventura’s aircraft offers a unique experience compared to larger airlines. Many travellers appreciate being able to observe cockpit operations during flight, while the absence of additional charges for window seats has added to customer satisfaction. The airline has also enabled elderly passengers, children and first-time flyers from modest backgrounds to experience air travel at nominal fares.

Ventura AirConnect was launched when commercial airline services were suspended from Surat following the buffalo-hit incident in 2014. The promoters launched the venture without concern for financial losses, solely in the interest of the city. That vision, along with Ventura AirConnect’s efforts, have contributed significantly to the development of Surat International Airport.

Ventura AirConnect said Surat symbolises progress and development, and the aviation sector in the city has shown strong enthusiasm and support since the company’s inception.

Ventura AirConnect has recently introduced a luxurious, high-speed and ultra-safe 8-seater Pilatus PC-12 aircraft, manufactured in Switzerland, to expand its charter flight services. This charter service allows passengers to travel from Surat to destinations of their choice and is especially beneficial for emergency travel and corporate requirements across Gujarat.

Demonstrating its commitment to humanity, Ventura AirConnect recently also launched a dedicated organ transport air service. The airline has received medical approval to transport human organs swiftly between cities. This service is now being successfully implemented across Gujarat and will soon be extended to other states at affordable rates.

The objective behind this initiative is not only civic service but also saving human lives by ensuring timely organ delivery in emergency situations. The aircraft used for this service is registered as VT-DEV, aptly named Dev, symbolising its role as a “divine messenger” in saving lives. Through this initiative, Ventura AirConnect has once again shown the vital role the private sector can play in humanitarian service.

Moreover, Ventura AirConnect has launched Surat’s only advanced aircraft maintenance facility, which is expected to usher in a new era of aircraft maintenance in the city, attracting aircraft from across India. With airports such as Mumbai and Ahmedabad facing congestion, limited space and high maintenance costs, Surat Airport is expected to emerge as a preferred maintenance hub, thereby enhancing its global stature.

Ventura AirConnect continues to offer affordable daily flight services across Gujarat. Bookings and information are available at www.flyAirConnect.com, via 99099 00100, or toll-free number 1800 1080 108.