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AURUM sells buildings worth Rs 112 cr to fund its AI-led PropTech platforms
The transaction forms part of Aurum PropTech's broader strategic shift toward AI-driven PropTech platforms, with the company committing significant capital toward building advanced artificial intelligence capabilities across the real estate ecosystem. The proceeds from the transaction will further strengthen Aurum's growing AI investment pool and support the accelerated development of intelligent digital infrastructure for the real estate sector.
Nikkei falls as rising oil prices and geopolitical tensions weigh on sentiment
Sector performance was largely negative, with most of the Tokyo Stock Exchanges industry sub-indexes ending lower. Real estate stocks were the worst performers, while mining shares gained as higher commodity prices supported the sector.
Aurum PropTech sells two commercial towers in Navi Mumbai for Rs 112 crore
Aurum PropTech has announced the sale of two commercial towers in Navi Mumbai for a staggering Rs 112 crore, aligning with their forward-thinking vision of integrating AI technology into the real estate sector. By channeling significant resources into artificial intelligence, the company aims to enhance various aspects of property management, including tenant acquisition and dynamic pricing strategies.
Outperforming Aditya Birla Group stock can rise another 21%, Kotak says
Aditya Birla Capital operates as a diversified financial conglomerate. Most of its value lies in its flagship diversified NBFC business, which has assets under management (AUM) of ₹1.5 lakh crore.
Supreme Court seeks timeline for CBI probe into NCR housing projects
The Supreme Court has issued a decisive order for the CBI to outline a clear timeline for its investigation into numerous real estate developments in the NCR. The court strongly stated that lingering delays would only intensify the suffering of homebuyers.
SBI ties up with MUFG Bank to finance M&A, aviation and real estate deals
The agreement comes after the Reserve Bank of India issued the final guidelines for banks to finance mergers and acquisitions on 13 February, executing a significant regulatory shift that's expected to boost deal funding by domestic lenders.
Aditya Birla Capital invests ₹750 crore in Aditya Birla Housing Finance via rights issue
Shares of Aditya Birla Capital Ltd ended at ₹333.20, up by ₹8.85, or 2.73%, on the BSE.
Brigade Group enters industrial real estate with 25-acre industrial park in Devanahalli
Brigade Enterprises launched Brigade Industrial Park, a 25-acre site in Devanahalli, near Bengaluru airport, offering 2 million sq ft for various sectors. Shares rose 1.66% to ₹674.
Aditya Birla Sun Life AMC among 5 stocks at 52-week high; rally up to 20% in a month
The benchmark Sensex surged 639 points to close at 78,205 on Tuesday. During this rally, five BSE 500 stocks reached their 52-week highs, signaling strong upward momentum and potential for further growth. These stocks, including Aditya Birla Sun Life AMC and JB Chemicals, have shown significant gains in the past month.
Senior bankers quit for rivals as Asia talent fight intensifies
Senior bankers in Asia are increasingly switching firms as deal activity in the region picks up, triggering fresh hiring and poaching among major global banks. Investment banks including UBS, Citigroup, JPMorgan, Morgan Stanley and Jefferies are competing for talent across sectors such as real estate and equity capital markets.
Sundaram Alternates floats hybrid fund, to raise Rs 1,500 crore
Sundaram Alternates is launching a hybrid private credit and equity fund targeting ₹1,500 crore, aiming for 18-20% returns. The fund will allocate 51-60% to listed equities and 40-49% to high-yield private credit, focusing on mid-market businesses and real estate opportunities.
Crude-led volatility may be short-lived; Quantum AMC sees opportunities in banks, IT, cement, realty
George Thomas, Fund Manager – Equity at Quantum AMC, believes the recent jump in crude oil prices, triggered by geopolitical tensions, could temporarily push inflation higher and weigh on global macro conditions. He noted that the base case remains that the tensions may not stretch for a long period. The situation could last for a few weeks or possibly a month, but may not drag on for much longer. If that plays out, crude prices could reverse just as quickly as they moved up. Despite the uncertainty, he believes current market levels offer reasonable entry points as the earnings cycle remains supportive. His fund has been adding exposure to a real estate company and increasing weights in select private banks, IT services firms and a cement player.