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Property management platform Crib acquires rent financing company CirclePe
Crib, a property management platform for co-living spaces, has acquired rent financing company CirclePe. This strategic move integrates embedded finance into the rental process, eliminating security deposits for tenants and providing operators with advance rent payments. CirclePe, founded by Navan Jaiswal and Ankur Yadav, previously secured significant pre-seed funding. The acquisition aims to streamline rental transactions and boost working capital for operators.
Abakkus trims banking exposure, adds solar and power-linked capital goods stocks
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal plays, while trimming some banking exposure. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
2026 may reward stock pickers; autos, financials at fair valuations: Kenneth Andrade
Kenneth Andrade, Founder & CIO of Old Bridge Asset Management advises focusing on companies where major capital expenditure is complete, particularly in sectors like chemicals, pharmaceuticals, and select commodities. Andrade remains cautious on IT services but sees significant value in businesses with strong balance sheets and attractive valuations, even amidst bearish macroeconomic headwinds, citing IEX as a key example.