Category: Business

  • Suburban Mumbai Emerges as City’s Real Housing Centre, Palladian Partners Analysis Shows

    Suburban Mumbai Emerges as City’s Real Housing Centre, Palladian Partners Analysis Shows

    Mumbai (Maharashtra) [India], November 24: New market indicators point to a structural shift in Mumbai’s housing patterns, with the Western and Central suburbs now driving the bulk of residential demand. Registration data from October shows that 55% of transactions originated in the Western belt and 29% in the Central suburbs, while the traditional island city accounted for a small share of total activity.

    Key Highlights:

    • Suburbs accounted for 84% of Mumbai’s 11,200 property registrations in October 2025
    • This year, Palladian Partners supported suburban housing transactions worth more than ₹2,000 crore.
    • Malad project sold ₹200 crore of inventory in two hours • Demand driven by end-users in the sub-₹1 crore and ₹1–2 crore segments
    • Infrastructure upgrades reshaping buyer behaviour across MMR

    Nearly half of all homes registered were priced below ₹1 crore, with another third in the ₹1–2 crore range. Industry observers note that purchases are being led by end-users such as professionals and nuclear families, indicating that the current cycle is driven by real consumption rather than speculative investment.

    Palladian Partners Property Advisors LLP reports facilitating more than ₹2,000 crore in suburban housing sales over the past year across the Mumbai Metropolitan Region. This includes a ₹200 crore sell-out in Malad completed within two hours and sustained absorption in Mulund projects including Neelam Senroofs and Supremo. The firm’s advisory work focuses on matching product configuration to demand patterns and activating a 16,000-plus channel partner network to connect developers with active buyers.

    “The scale of activity we are seeing in the suburbs is no longer episodic — it is consistent and data-backed,” said Mr Chandresh Vithalani, Partner at Palladian Partners. “Developers who once viewed these locations as secondary are now treating them as core markets.”

    Infrastructure improvements are central to the shift. The Coastal Road, Metro Lines 2A and 7, and the upcoming Goregaon–Mulund Link Road have reduced travel times across key corridors. The Mumbai Trans Harbour Link and the upcoming Navi Mumbai International Airport are creating new growth corridors and reshaping perceptions of the distance between business districts and residential areas.

    “Connectivity has changed the equation,” said Mr Kamal Shah, Partner at Palladian Partners. “Areas that were previously dismissed as ‘too far’ now sit within viable commute zones, and buyer hesitation has reduced sharply as a result.”

    Developers are responding with mid-sized towers and compact 1 and 2 BHK formats designed for dual-income households seeking functional, well-connected housing. Locations including Mulund, Kandivali, Dahisar, and Borivali are seeing both new supply and repeat buyer interest, signalling longer-term community formation rather than transient investment-led demand.

    “End-users are driving this cycle, not investors,” said Mr Piyush Rambhia, Partner at Palladian Partners. “Projects that are right-sized and sensibly priced are absorbing quickly because they meet actual living needs, not just speculative expectations.”

    Market analysts expect steady absorption into early 2026, with monthly registrations remaining above 11,000 and suburban price appreciation in the 6–9% range. With end-user demand shaping supply, stakeholders note that the suburbs are no longer emerging markets but the primary centre of Mumbai’s housing activity.

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  • Asian Travel Expo 2025 Welcomes Bahrain Tourism as Title Sponsor

    Asian Travel Expo 2025 Welcomes Bahrain Tourism as Title Sponsor

    Manama, [Bahrain], November 24: The Asian Travel Expo 2025 is proud to announce the Bahrain Tourism and Exhibition Authority (BTEA) as the Title Sponsor for its upcoming edition, scheduled from 8th to 10th December 2025 at Exhibition World Bahrain. This prestigious partnership marks a significant milestone in reinforcing Bahrain’s growing influence as a gateway for global travel, hospitality, and tourism investments.

    As the Title Sponsor, the Bahrain Tourism and Exhibition Authority brings unparalleled expertise in destination development, tourism promotion, and global outreach. Their involvement strengthens the Expo’s mission to connect Asia and the Middle East through meaningful collaborations, strategic alliances, and dynamic business opportunities. This partnership underscores Bahrain’s dedication to advancing international tourism relations and positioning the Kingdom as a preferred destination for leisure, business, culture, and innovation.

    Speaking about the association, Abdul Musaddiq, Managing Director of the Asian Arab Trade Chamber of Commerce, said:

    “We are honored to welcome Bahrain Tourism and Exhibition Authority as the Title Sponsor of Asian Travel Expo 2025. Their involvement reflects the Kingdom’s strong commitment to fostering tourism partnerships and expanding global outreach. This collaboration will elevate the event’s standing and generate new opportunities for industries across both regions.”

    Adding to this, Sameer Khan, Director of Show Buddy Global WLL, the event management partner, stated:

    “Bahrain Tourism’s support as Title Sponsor sets a strong foundation for a transformative edition of the Asian Travel Expo. Together, we aim to create a platform that inspires collaboration, drives innovation, and supports meaningful business growth for all participants.”

    The Asian Travel Expo 2025 is expected to attract a diverse international audience, including tourism boards, airlines, hotel chains, travel agencies, technology innovators, investors, media representatives, and influencers. The event will serve as a dynamic hub for global stakeholders to explore new markets, forge partnerships, exchange insights, and showcase emerging travel trends.

    This year’s edition will also feature high-level networking opportunities, curated business matchmaking sessions, keynote addresses from global leaders, panel discussions, and exclusive destination showcases. The Expo is designed to highlight the rapid rise of the GCC as a tourism powerhouse, while fostering long-term synergies with Asian and international markets.

    With the Bahrain Tourism and Exhibition Authority leading as Title Sponsor, the Asian Travel Expo 2025 promises to deliver an impactful, future-focused, and inclusive experience that will shape the direction of global travel across both regions.

    For more information, visit https://asiantravelexpo.com/

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  • The Friendship That Built a HealthTech Revolution: Inside the Rise of IntelligentDX

    The Friendship That Built a HealthTech Revolution: Inside the Rise of IntelligentDX

    Childhood friends Mrunal Bhatt and Ajay Shukla built IntelligentDX, a fast-growing HealthTech company transforming medical billing and workflows with AI-driven innovation.

    New Delhi [India], November 22: Mrunal Bhatt and Ajay Shukla bonded the way childhood friends often do: through shared curiosity, neighborhood adventures, and a sense that the world was bigger than anything adults were willing to admit. Neither could have predicted that decades later, their friendship would become the backbone of one of the fastest-growing HealthTech companies in the United States.

    But some stories begin earlier than we realize.
    And this one began with a dream the boys talked about endlessly when they were just 16“One day we’ll build something together—something that matters.”

    Today, that dream lives boldly through IntelligentDX, a company reshaping medical billing and clinical workflows with precision AI and empathy-driven technology.

    From Childhood Promise to a Global Mission

    The two friends grew up with different talents and different paths.
    Mrunal was the technology kid—the one breaking gadgets apart, coding early, and dreaming in logic circuits. His career evolved into a mastery of software engineering, robotics, and artificial intelligence.
    Ajay, on the other hand, was drawn to finance, strategy, and organizational thinking, eventually earning a PhD and developing deep business development and operations expertise.

    Their skills diverged. Their bond didn’t.

    Years later, when the pair separately experienced the inefficiencies of healthcare systems in India and the United States, something old sparked again—the teenage dream returned, but now with purpose.

    The healthcare ecosystem was buckling under administrative overload, insurance complexities, and technology that created more friction than relief. Clinics were drowning in outdated EHRs, billing errors, and multi-layered insurance rules. Providers were spending more time wrestling software than caring for patients.

    Instead of accepting this reality, the two friends decided to rebuild it.

    The Birth of IntelligentDX

    In 2022, IntelligentDX began as a small startup with just seven employees. What the company lacked in size, it made up for in clarity: technology must be a helper, not a hurdle.

    Their first major breakthrough was the creation of an AI-augmented EHR and RCM platform that immediately addressed the real pain points of clinics and health systems:

    • Confusing workflows
    • Inconsistent payer rules
    • Redundant documentation
    • Claim denials
    • Operational bottlenecks
    • Poor usability in existing systems

    Within three years, the company grew to over 100 employees, achieving a 15x expansion300% year-over-year growth, and winning Prime Insight’s “Company of the Year” in 2025.

    For a young company in a notoriously slow-moving industry, this wasn’t evolution—it was ignition.

    Solving Healthcare’s Hardest Problems With Precision AI

    At the center of IntelligentDX’s rise is a set of AI platforms built not for hype, but for utility.

    1. AI-Driven Pre-Authorization Automation

    The company’s pre-auth engine gathers clinical data, cross-checks payer requirements, validates documentation, and submits requests automatically.
    What once took hours of back-and-forth is reduced to minutes.

    “Pre-auths are one of the biggest operational drains in US healthcare,” Mrunal explains. “We wanted to eliminate that struggle entirely.”

    2. Expert Billing System for Specialty-Specific Accuracy

    This is IntelligentDX’s crown jewel—and the feature reshaping its market presence.

    Their expert system analyzes billing anomalies, auto-corrects claim errors, and learns by continuously monitoring payer feedback. It then generates the exact rules needed for each insurance provider and each clinical specialty.

    The result is unprecedented:
    cleaner claims, faster reimbursement, fewer denials, and dramatically reduced administrative burden.

    Ajay states it plainly:
    “Billing shouldn’t feel like decoding a secret language. Our system makes it clear, accurate, and fair for both sides.”

    3. Cloud EHR + Advanced RCM

    With integrated AI tools, predictive analytics, coding assistance, and intuitive design, the company’s EHR defies the stereotype of healthcare software being clunky or frustrating.

    Why IntelligentDX Took Off in the United States First

    Although its founders are Indian, IntelligentDX grew most rapidly in the US healthcare market, where administrative complexity is unmatched globally.

    The United States spends more on healthcare paperwork than most countries spend on healthcare entirely. And clinics, especially specialty groups, face enormous challenges:

    • Obscure insurance rules
    • Frequent claim denials
    • High staff turnover
    • Long reimbursement cycles
    • Regulatory pressures
    • User-hostile EHR systems

    IntelligentDX stepped directly into this chaos, not to profit from it, but to simplify it.

    By building precise, automated rule sets that align service providers and insurers, the company reduces:

    • Hassle
    • Operational risk
    • Redundant work on both ends

    This tight focus on the US billing and insurance ecosystem helped IntelligentDX stand out in a crowded HealthTech landscape.

    A Friendship That Became a Company Culture

    Inside IntelligentDX, the tone is different. Teams are encouraged to challenge assumptions, move quickly, and above all, stay human.

    The founders’ friendship—rooted in honesty, trust, and decades of shared growth—shapes how the company makes decisions today.

    “Trust is our competitive advantage,” Ajay says. “It’s why we can adapt fast and why our teams feel empowered.”

    Mrunal adds, “Empathy drives everything we build. You can’t fix healthcare without understanding the people working in it.”

    That culture filtered into every corner of the business—customer onboarding, training sessions, feedback loops, design reviews, engineering standups, and even international expansion efforts.

    Scaling With Purpose: What’s Next

    IntelligentDX is now expanding in three directions:

    1. The US Eye Care Market: A sector plagued by outdated systems and high billing complexity.

    2. New Healthcare Verticals: Including orthopedics, radiology, dermatology, and multi-specialty groups.

    3. International Growth: With plans to enter the Eurozone by 2026.

    Development teams are also working on:

    • Digital consent systems
    • Cross-border insurance capabilities
    • Population health prediction tools
    • Next-generation telehealth compliance modules

    The company is building innovation centers designed to bring together clinicians, data scientists, and patient advocacy groups to create regionally nuanced solutions.

    A Legacy Rooted in a Teenage Dream

    At its core, the IntelligentDX story is a reminder of something simple: dreams don’t expire.

    Two kids met.
    Two teenagers imagined a future together.
    Two adults, shaped by different professions and different continents, reunited that dream with purpose.

    And now, they’re transforming healthcare with precision AI, empathy, and an unbreakable friendship.

    Mrunal sums it up:

      “Entrepreneurship is problem-solving. You take the next step, then the next. And suddenly, you’re building something that matters.”

    Ajay adds:

    “We’re here to make healthcare easier for everyone. That’s what drives us, every day.”

    IntelligentDX is not just a HealthTech company.
    It is the living proof of what can happen when childhood trust meets adulthood resolve.

    And this story is still just beginning.

    You can visit us at: https://intelligentdx.com/

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  • Groweon Named one of India’s First AI-Powered CRM, Earns Spot in Forbes India DGEMS 2025 ‘Select 200’ for Global Business Potential

    Groweon Named one of India’s First AI-Powered CRM, Earns Spot in Forbes India DGEMS 2025 ‘Select 200’ for Global Business Potential

    New Delhi [India], November 22:  Groweon, one of India’s first AI-powered SaaS CRM, today announced its inclusion in the exclusive “Select 200 Companies with Global Business Potential” at the Forbes India DGEMS 2025. This recognition underscores Groweon’s pioneering leadership in India’s tech landscape and its rapid evolution into a global “eXtrepreneur,” ready for cross-border expansion.

    The Forbes India DGEMS 2025 ‘Select 200’ announcement was celebrated at a high-profile summit hosted at Taj Palace, New Delhi, on November 21, 2025. This annual event convened over 200 founders, entrepreneurs, multi-national investors, and policy leaders for a day of panel discussions, interactive workshops, and networking sessions.

    The DGEMS Select 200 list honors top companies with breakthrough business models and readiness for international growth. Groweon was chosen for its innovative approach to digitizing sales and operations through AI, enabling businesses to onboard in under 120 minutes and close deals up to three times faster with data-centric, intelligent workflows.

    “Being recognized as both India’s first AI-powered CRM and a DGEMS Select 200 company by Forbes India and D Globalist validates our ‘India-first, Globe-ready’ philosophy,” said Shashi Narain, Founder & CEO of Groweon. “We are democratizing AI-powered growth for SMBs, removing the complexity found in legacy CRMs. This honor fuels our mission to bring our ISO-certified automation tools—designed and perfected in India—to the world stage, showing that Indian SaaS innovation is truly global.”

    Co-founded by Shashi Narain and Niladri Debnath, Groweon has disrupted the CRM landscape with its AI Growth Agent model. Unlike legacy platforms that require months to implement, Groweon’s mobile-first, intuitive interface lets teams go live almost instantly.

    About Groweon

    Groweon Digital Pvt. Ltd. is India’s first AI-powered SaaS CRM. Headquartered in India, it digitises sales and operations to maximise productivity and efficiency for growing businesses. A funded company, Groweon features an intuitive interface, seamless mobile accessibility, and ISO-certified automation—empowering teams to onboard within 120 minutes, scale rapidly, and drive measurable growth.

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  • Rajasthan Takes Major Step to Boost Industrial Growth with New RIICO Land Policy: Gaurav Rungta

    Rajasthan Takes Major Step to Boost Industrial Growth with New RIICO Land Policy: Gaurav Rungta

    Jaipur (Rajasthan) [India], November 22: In a significant move aimed at boosting industrial investment, the Rajasthan government and the Rajasthan State Industrial Development and Investment Corporation (RIICO) have unveiled a progressive land policy designed to make industrial land more affordable and investor-friendly.

    High industrial land costs have long been a barrier in Rajasthan. Frequent hikes in reserve rates discouraged new investors and made it difficult for existing industries to expand in key industrial belts. Recognizing this challenge, RIICO has now decided to freeze land rate increases and introduce graded discounts on existing reserve rates:

    •    Up to 3,000 sq. m.: existing rate continues

    •    3,000–10,000 sq. m.: 10% discount

    •    10,000–40,000 sq. m.: 15% discount

    •    40,000 sq. m.–2 lakh sq. m.: 20% discount

    •    Above 2 lakh sq. m.: 40% discount

    “This is a long-awaited structural reform that addresses a core issue faced by industries,” said Gaurav Rungta, a leading industry expert and Managing Director of Man Structurals. “By stabilizing land prices and rolling out graded discounts, RIICO has paved the way for sustainable industrial expansion across Rajasthan.”

    The timing is strategic, with Pravasi Bharatiya Diwas scheduled in January. The policy is expected to attract both domestic and NRI investors, encourage new industrial setups, and support MSMEs. Analysts believe it will also generate employment and drive industrial growth beyond major cities, reinforcing Rajasthan’s position as a preferred investment destination.

    Industry observers have welcomed the initiative, highlighting that the move prioritizes long-term industrialization over short-term revenue gains. By offering predictable land costs and investor-friendly terms, Rajasthan is now poised to showcase a strong commitment to sustainable industrial development and economic growth.

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  • IDFC FIRST Bank Collaborates with FPSB India as an ‘Approved Corporate Partner’ to Advance Financial Planning Excellence in the Country

    IDFC FIRST Bank Collaborates with FPSB India as an ‘Approved Corporate Partner’ to Advance Financial Planning Excellence in the Country

    Mumbai (Maharashtra) [India], November 21: IDFC FIRST Bank signed an MoU with FPSB India, the Indian subsidiary of Financial Planning Standards Board Ltd., as an Approved Corporate Partner (ACP), marking a significant step toward strengthening professional standards in financial planning and advancing upskilling opportunities for its management and private banking team within the banking sector.

    • MoU aims to deepen financial planning expertise, empower professionals, and drive ethical growth within the private banking space.
    • FPSB India to upskill IDFC FIRST Bank’s Wealth Management Regional Managers through specialized training and certification programs

    The Memorandum of Understanding (MoU) was signed under FPSB India’s ACP initiative, which brings together leading financial institutions to promote financial planning excellence and professional certification across India.

    The collaboration aims to:

    • Upskill IDFC FIRST Bank’s Wealth Management Regional Managers through specialised training and certification programs.
    • Support hiring initiatives and create enhanced career pathways for CERTIFIED FINANCIAL PLANNER® professionals.
    • Conduct joint programs and strategic engagements to foster financial planning excellence and strengthen the financial planning ecosystem.

    Representing IDFC FIRST Bank, the MoU was signed by Mr. Rahul Singh, Country Head – Private Banking.

    From FPSB India, the signing was led by Mr Chandrakant Sureka, Interim CEO, accompanied by Ms Teena Rawal, Head – Business Development; Mr Rajesh Singh, Regional Manager, North & East India and Mr Sharath N, Management Trainee.

    Mr. Dante De Gori, CEO, FPSB International (FPSB Ltd.) said, “This partnership underscores the growing recognition of financial planning as a critical profession worldwide. Through corporate collaborations like IDFC FIRST Bank in India, we are collectively building a future where financial professionals are better equipped to serve individuals and families with integrity, competence, and care.”

    The discussions during the meeting also explored future initiatives, including enhancing campus placements for FPSB India’s integrated programs, which will further support industry-ready talent development.

    Speaking on the occasion, Mr. Chandrakant Sureka, Interim CEO, FPSB India, said “We are delighted to welcome IDFC FIRST Bank as an Approved Corporate Partner. This collaboration reflects our shared vision of empowering financial professionals with globally recognised knowledge and skills.”

    With this partnership, FPSB India continues to expand its network of corporate collaborators committed to advancing financial education, ethical standards, and professional excellence in India’s financial services industry.

    About FPSB India

    FPSB India is the leading financial planning body in India and is dedicated to establishing, upholding, and promoting professional standards in financial planning across the country.

    FPSB India offers the globally recognised CFP® certification, which represents excellence in financial planning through rigorous competency and ethical standards. It is home to over 3,215 CFP® professionals in India and part of a global network of organizations representing more than 230,648 CFP® professionals worldwide.

    FPSB India is the Indian subsidiary of Financial Planning Standards Board Ltd. (FPSB Ltd.), the global standards-setting body for the financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER® certification program.

    FPSB Ltd. owns the CFP®, CERTIFIED FINANCIAL PLANNER® and CFP® outside the United States. FPSB Ltd. licenses these marks to FPSB Institute India Pvt. Ltd to administer the CFP® certification in India. For more information, visit india.fpsb.org.

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  • AVP Infracon Limited posts stellar H1 performance; Revenue jump 79%, Net profit rises 82%

    AVP Infracon Limited posts stellar H1 performance; Revenue jump 79%, Net profit rises 82%

    Chennai (Tamil Nadu) [India], November 21: AVP Infracon Limited (NSE: AVPINFRA)one of the leading infrastructure development companies with over 15 years of execution excellence, is pleased to announce its Unaudited financials for H1 FY26.

    Key Consolidated Financial Highlights

    H1 FY26

    • Revenue of ₹ 195.73 Cr, YoY growth of 79.21%
    • EBITDA of ₹ 44.74 Cr, YoY growth of 86.85%
    • EBITDA Margin of 22.86%, YoY growth of 93 Bps
    • Net Profit of ₹ 23.22 Cr, YoY growth of 82.02%
    • Net Profit Margin of 11.86%, YoY growth of 18 Bps
    • EPS of ₹ 9.29, YoY growth of 81.80%

    Order Book Snapshot

    • Order Book: Approx ₹475 Cr (unexecuted value)
    • Bid Pipeline: ₹1500- 2000 Cr worth of projects under evaluation
    • Execution Visibility: 18–24 months with a strong H2 ramp-up expected

    Commenting on the performance, Mr Prasanna Dhandayuthapani, MD, AVP Infracon Limited, said We are pleased to report our strongest-ever half-year performance in H1 FY26, supported by execution excellence and operational discipline. During the period, we secured around ₹124 Cr in new orders across highways, bridges, and industrial infrastructure, reflecting client confidence and our progress in expanding beyond Tamil Nadu.

    We expect execution to accelerate in the second half as more projects move into active phases. Our focus remains on disciplined bidding, timely supplier payments, and efficient working capital management to ensure sustainable growth.

    We continue to broaden our geographic reach, targeting a meaningful share of FY26 revenue from outside Tamil Nadu, while also building our solar EPC business into a long-term growth vertical. From FY27, we aim to expand into private and PSU infrastructure opportunities with integrated civil, structural, and road solutions.”

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