Indiabulls Real Estate profit drops as it seeks to exit business

New Delhi [India], March 12: BPTP, a real estate developer operating in North India, has been honoured with the Iconic Project - Commercial award at the 5th Economic Times Real Estate Conclave & Awards 2026 (ETRECA 2026). The award ceremony was held at Taj Santa Cruz, Mumbai, with participation from industry stakeholders including developers, architects, and investors.

New Delhi [India], March 12: Smartworld Developers, a new age real estate brand has awarded a construction contract worth INR 1,000 crore for its landmark ultra-luxury project, Trump Residences Gurgaon, marking a major milestone in the project's development. Excavation at the site has been completed, and as part of the phased construction strategy, a INR 300 crore tender has already been released. Structural construction has now formally commenced.

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

New Delhi [India], March 12: In the dynamic business landscape of the United Arab Emirates, Indian entrepreneurs have played a significant role in shaping several industries. Among them, Satish Sanpal, Founder and Chairman of ANAX Holding, has emerged as a prominent business leader whose ventures span real estate, hospitality, and financial services.

Noida (Uttar Pradesh) [India], March 12: As artificial intelligence adoption accelerates across industries, many enterprises are discovering a critical gap between AI-generated responses and real business execution. While most AI tools assist with information or automate isolated steps, they often fail to operate within the structured rules, permissions, and accountability systems that real organizations require. Noida-based FuturixAI Lab Pvt. Ltd. is aiming to address that gap by building governed AI systems designed not just to answer questions, but to execute work responsibly within enterprise frameworks.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Bengaluru (Karnataka) [India], March 12: Reflecting sustained demand for well-planned housing in Bengaluru's eastern corridor, Fortune Primero, a Bengaluru-based real estate developer with over three decades of experience in premium commercial real estate, has recorded ₹215 crore in pre-launch sales, with 172 homes booked within 48 hours for its residential development, 'Seven Sarjapur'.

Dubai [UAE]/ New Delhi [India], March 12: AKCEL Holding, a Dubai-based diversified conglomerate, and XRange Golf Entertainment will invest $100 million to launch next-generation golf entertainment venues in India as part of the AED 1 billion global expansion of the XRange platform. The move marks the group's first major entry into India's fast-growing sports and experiential leisure market, positioning the country as an important market in its international rollout.