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Shree Naman Group acquires JW Marriott Bengaluru, Crowne Plaza Pune
Shree Naman Group has completed the acquisition of JW Marriott Bengaluru for Rs 16.11 billion and Crowne Plaza Pune for Rs 1.89 billion, taking its hospitality portfolio beyond Mumbai into two key business and hospitality markets.The Rs 18 billion transaction was completed on 1 October 2026, within 30 days of approval by the National Company Law Tribunal (NCLT) on 3 September 2026, following a competitive bidding process.The two hotels join the Group’s existing properties in Mumbai: Sofitel Mumbai BKC, Lemon Tree Hotel, Kalina BKC, and ibis Mumbai BKC. The portfolio now comprises five operat..
Sobha Realty marks fourth year of IIFA partnership
Sobha Realty has reaffirmed its association with the International Indian Film Academy (IIFA) for the fourth consecutive year, returning as Title Sponsor of IIFA Weekend and Co-Presenting Sponsor of the IIFA Awards 2027. At a press conference in Mumbai, the UAE-based developer also highlighted its expansion into Abu Dhabi and its growing international presence.The upcoming IIFA Weekend and Awards will be held on 22 and 23 January 2027 at Etihad Arena, Yas Island, Abu Dhabi. The partnership, which began in Abu Dhabi in 2023, provides the developer with a platform to engage with Indian audiences..
Powerplay Records 4X Growth in Platform Spend with AI Adoption
Construction technology platform Powerplay has reported up to fourfold growth in platform spending among customers adopting its artificial intelligence (AI) agents over approximately 18 months. The growth reflects increased adoption of AI-driven procurement and financing solutions among contractors and builders across India.The Bengaluru-based company has introduced an AI workforce designed to automate procurement coordination, supplier comparisons, material tracking and financing documentation. Its AI Purchase Executive enables contractors to compare supplier prices, monitor material requirem..
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