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Housing sales in 50 cities dip 3% to 6.14 lakh units, up 16% in value to Rs 8.4 lakh crore: CREDAI

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Housing sales in 50 cities dip 3% to 6.14 lakh units, up 16% in value to Rs 8.4 lakh crore: CREDAI
Housing sales across India’s top 50 cities fell 3 per cent last year to 6.14 lakh units while it rose 16 per cent value-wise to Rs 8.46 lakh crore, according to CREDAI and Liases Foras.

On Friday, realtors’ apex body The Confederation of Real Estate Developers’ Associations of India (CREDAI) and research firm Liases Foras, released a report on residential real estate trends across 50 major cities in India.

The report highlighted the continued resilience of the housing market, with strong value growth driven by rising buyer aspirations, increasing premiumisation of housing demand and sustained infrastructure-led urban development.

As per the data, the housing sales across primary markets of Indian 50 major cities fell 3 per cent to 6,14,235 units in 2025 from 6,33,134 units in the preceding year.

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In value terms, sales grew to Rs 8,46,648 crore last year, an increase of 16 per cent from 7,29,112 crore during 2024 calendar year.


Shekhar Patel, President of CREDAI, said: “The 2025 numbers mark more than a statistical milestone, they reflect a fundamental shift in how India lives, invests and aspires. When 78 per cent of sales value comes from homes priced above Rs 1 crore and ultra-luxury alone drives over half the value, it signals rising household wealth, maturing investor confidence and the success of urban infrastructure initiatives”.
He noted that Tier-2, 3 and 4 cities are no longer peripheral and they are emerging as engines of economic opportunity.Pankaj Kapoor, Managing Director of Liases Foras, said: “Top metro cities continue to dominate India’s housing market in 2025 in sales, value and supply. However, Tier-2 cities are increasingly emerging as important growth centres in the residential real estate sector.

Better connectivity, expanding employment hubs, and infrastructure-driven initiatives are boosting housing demand in these markets for both end-users and investors, he added.

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Constitutional Court Upholds Limits on Jure Sanguinis

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ROME

ROME — Italy’s Constitutional Court on March 12, 2026, rejected major constitutional challenges to the 2025 citizenship reform, confirming that strict generational limits on citizenship by descent (jure sanguinis) remain in force. The decision, issued in a press release after a March 11 public hearing, found the objections partly unfounded and partly inadmissible, leaving Law 74/2025 — originally the Tajani Decree — largely intact.

ROME
ROME

The ruling has major implications for millions worldwide with Italian ancestry, particularly in the Americas, who hoped the court would strike down or soften retroactive restrictions. Below are 10 essential facts about the decision, its background and what comes next.

  1. The Court Upheld the Core Restrictions The judges reviewed Article 3-bis of Law 74/2025, which caps jure sanguinis eligibility at descendants with an Italian parent or grandparent born in Italy (or meeting specific residency/exclusive-citizenship conditions). The court deemed the generational limit constitutional, rejecting arguments that it violated equality, acquired rights or retroactivity principles.
  2. Retroactivity Remains in Effect The law, effective from March 28, 2025 (decree date), applies to those born abroad even before the change. The court found no unconstitutional retroactive deprivation of a pre-existing right, viewing citizenship recognition as administrative rather than automatic for distant descendants.
  3. Pending Applications Protected Roughly 60,000 cases filed before the March 27, 2025, cutoff continue under old unlimited-generation rules. The decision does not affect these, preserving pathways for many already in process at consulates or courts.
  4. The Hearing Focused on Turin Referral The challenge originated from Turin’s tribunal, which questioned whether the law complied with constitutional equality (Art. 3), legitimate expectations and reasonableness. After a three-hour March 11 session, the court issued its summary rejection the next day. The full written judgment (sentenza) is pending, likely in coming weeks or months.
  5. Broader Impact on Diaspora Communities An estimated 80 million people globally claim Italian descent, with large populations in Brazil (32 million), Argentina (25 million) and the U.S. (20 million). The reform effectively excludes most beyond grandparents, closing a path long used for EU passports offering free movement, work and travel rights.
  6. Motivation Behind the 2025 Reform Sponsored by Foreign Minister Antonio Tajani, the decree aimed to curb consular backlogs (some decades long), prevent passport “commercialization” and manage administrative overload. Supporters argue it restores order; critics say it severs cultural ties formed during 19th-20th century emigration waves.
  7. Other Ongoing Legal Battles The ruling does not resolve everything. The Supreme Court (Court of Cassation) hears arguments April 11, 2026, on retroactivity for pre-law births. The “minor issue” — whether naturalization abroad while a child was minor breaks transmission under 1912 rules — may see unified resolution later in 2026.
  8. Palermo Court Offers Narrow Relief In February 2026, Palermo ruled in favor of Italo-Argentinian applicants blocked by consulate delays, allowing recognition under old rules if pre-decree appointment attempts were proven. Such cases provide limited hope for those with evidence of prior good-faith efforts.
  9. Future Processing Changes Bill 1683, passed January 2026, shifts adult jure sanguinis cases to a centralized Rome office from 2029, with annual quotas and fixed timelines. Consulates handle applications through 2028, but the ruling reinforces the narrower eligibility framework.
  10. Alternatives and Next Steps Those now ineligible can pursue residency-based naturalization (10 years, sometimes reduced), marriage (two years) or reacquisition (until Dec. 31, 2027, for certain pre-1992 losses). Diaspora groups express disappointment but plan further appeals. Lawyers advise reviewing documents for qualifying links or pre-cutoff filings.

The decision solidifies Italy’s shift toward stricter citizenship criteria amid EU migration debates. While disappointing for many distant descendants, it preserves options for closer ties and pending cases. As the full judgment emerges and related cases advance, the jure sanguinis landscape continues evolving.

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Musk says Tesla’s mega AI chip fab project to launch in seven days

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Musk says Tesla’s mega AI chip fab project to launch in seven days


Musk says Tesla’s mega AI chip fab project to launch in seven days

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The Procter & Gamble Company: Dividend Intact Amid Ongoing Restructuring

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Wall Street Lunch: U.S. CPI Holds Steady In February As Fed Eyes Oil Shock, Core PCE

The Procter & Gamble Company: Dividend Intact Amid Ongoing Restructuring

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Oracle's Debt-Ridden AI Ambitions Are Cheaply Valued – Maintain Buy

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Oracle's Debt-Ridden AI Ambitions Are Cheaply Valued - Maintain Buy

Oracle's Debt-Ridden AI Ambitions Are Cheaply Valued – Maintain Buy

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T-Mobile Offers Free Samsung Galaxy S26 Ultra with No Trade-In Required on Premium Plans

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T-Mobile is making the Samsung Galaxy S26 Ultra available at no upfront cost to customers who add a new line on its top-tier Experience Beyond plan, waiving the usual trade-in requirement in a promotion that launched with the device’s March 11, 2026, release and remains active as of March 14.

Samsung Galaxy S26 Ultra
Samsung Galaxy S26 Ultra

The offer provides up to $1,300 in bill credits over 24 months for the 256GB model, which carries a full retail price of $1,299.99. Customers must commit to the Experience Beyond plan — T-Mobile’s highest unlimited tier, typically priced over $100 per month for a single line with AutoPay — and pay taxes on the device’s value plus a one-time $35 device connection fee. The 512GB variant qualifies for the same credits but incurs an additional $8.33 monthly fee to cover the storage upgrade.

T-Mobile announced the promotion February 25, 2026, alongside Samsung’s Galaxy Unpacked event, positioning it as one of the carrier’s strongest Android incentives of the year. Pre-orders began that day, with in-store availability starting March 11. The deal extends to existing customers adding a line and does not require porting from another carrier or trading in an old device — a notable departure from most flagship promotions that demand eligible trade-ins.

Similar “on us” offers apply to the rest of the S26 lineup. The Galaxy S26+ receives up to $1,100 in credits on the same plan or lower-tier options like Experience More or Go5G Plus, while the base Galaxy S26 qualifies for up to $900 off with a new line on various unlimited plans. Bundling with T-Mobile 5G Home Internet can add extra perks, including up to $300 via virtual prepaid card or a $350 Samsung eCertificate.

The Galaxy S26 Ultra features Samsung’s latest advancements, including a 200MP main camera with enhanced Nightography for low-light performance, 100x AI-powered zoom, a built-in S Pen, a 5,000mAh battery, and expanded Galaxy AI tools for productivity and creativity. It also introduces a “Privacy Display” mode and improved processing power that reviewers say surpasses Apple’s latest chips in certain benchmarks.

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T-Mobile’s push aligns with its strategy to grow Android market share amid intense competition from Verizon and AT&T. The carrier has aggressively marketed no-trade-in deals in recent years, betting that premium plan adoption offsets device subsidies through higher monthly revenue and longer customer retention.

To qualify, customers must maintain service and the line for the full 24-month period; early cancellation triggers repayment of remaining credits. The promotion is limited-time and subject to credit approval, with availability varying by location and stock.

Analysts view the offer as compelling for heavy data users or those seeking the latest flagship without upfront costs. However, the high plan price means total spend over two years often exceeds the device’s value, making it most attractive for those already planning to upgrade service or add lines.

The Galaxy S26 series has drawn strong early interest since its February 25 announcement, with Samsung emphasizing AI integration and camera upgrades. T-Mobile’s promotion, still live as of mid-March, provides one of the clearest paths to acquiring the Ultra model without trading in an existing phone.

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Customers interested in the deal can check eligibility and apply online at T-Mobile’s website or visit stores. Availability of in-store stock and promotional terms may vary.

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Trump denies reports U.S. refueling planes were destroyed in Saudi strike

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Trump denies reports U.S. refueling planes were destroyed in Saudi strike

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PFXF Challenges The S&P 500’s Earnings Yield 6% (NYSEARCA:PFXF)

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PFXF Challenges The S&P 500's Earnings Yield 6% (NYSEARCA:PFXF)

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Financial Serenity is a financial analysis and quantitative research column with a particular focus on the asset management sector. It is actively managed by Tommaso Scarpellini, a seasoned financial researcher and data analyst with proven experience in banking and financial analytics platforms. This initiative aims to provide an in-depth analysis of the dynamics driving the asset management market. On Seeking Alpha, we combine insights from rigorous data analysis with actionable opinions and ratings on ETFs and other trending instruments in the asset management space. Our mission is to deliver valuable, data-driven perspectives to help investors make informed decisions in this ever-evolving market.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The author expresses only personal opinions and does not provide financial advice. The content is for informational purposes only and should not be considered as investment recommendations. The author assumes no responsibility for any investment decisions made based on this article. Always conduct your own research or consult with a financial advisor before making any investment choices. The author makes no guarantees regarding the data, and the user agrees that the author shall not be held liable for the user’s use of the data.

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VEON Ltd. (VEON) Stock Jumps 14% to $50.60 on March 13 After Strong Q4 Earnings and Optimistic 2026 Guidance

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Headquarters in The Index tower in Dubai

VEON Ltd. (NASDAQ: VEON) shares surged 14.20% to close at $50.60 on March 13, 2026, up $6.29 from the previous close of $44.31, as investors reacted positively to the company’s fourth-quarter and full-year 2025 earnings report released the same day.

The Amsterdam-based global digital operator, which provides telecom and digital services in emerging markets including Pakistan (Jazz), Ukraine (Kyivstar), Bangladesh (Banglalink) and Kazakhstan (Beeline), reported robust growth driven by digital revenues. Q4 2025 revenue rose 17% year-over-year to approximately $1 billion (exact figures from the release), with EBITDA climbing 29%. Digital revenues grew 84% to represent 20.1% of total revenue, marking a record contribution and highlighting success in fintech, entertainment and other non-core telecom offerings.

Headquarters in The Index tower in Dubai
Headquarters in The Index tower in Dubai

Full-year 2025 results showed continued momentum despite challenges in conflict-affected markets like Ukraine and Pakistan. Revenue increased significantly, with adjusted EBITDA reflecting strong operational efficiency. The company completed its first $100 million share buyback program (repurchasing 2.14 million ADSs) and launched a second $100 million program in November 2025, repurchasing an additional 614,500 ADSs for $32.5 million plus some notes by early March 2026. VEON adopted a policy targeting at least $100 million in annual repurchases, with shares to be cancelled, signaling confidence in its valuation and cash generation.

For fiscal 2026, VEON guided revenue growth of 9% to 12% year-over-year and EBITDA growth of 7% to 10%, maintaining capex intensity at 14% to 16%. Management highlighted digital services as a key driver, with expectations for continued acceleration in fintech and value-added offerings.

The earnings release sparked buying interest, with volume reaching around 687,000 to 609,000 shares — well above average. The stock traded in a wide intraday range from $48.26 to $58.50, reflecting volatility but strong upside momentum. After-hours trading saw a slight pullback to around $49.71, down 1.76%.

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VEON’s performance comes amid a strategic focus on emerging-market digital transformation. In Pakistan, subsidiary Jazz secured the largest spectrum allocation (190 MHz) in a March 2026 auction, bolstering network leadership. The company also expanded partnerships, including with MeetKai for sovereign AI exploration (announced March 3, 2026) and agreements like the TPL Insurance stake acquisition to grow digital financial services.

Analysts maintain a bullish stance. Consensus ratings lean toward “Strong Buy,” with an average 12-month price target around $73.25, implying more than 44% upside from the March 13 close. Some targets reach higher, reflecting optimism about digital revenue scaling and buyback support.

The stock’s 52-week range spans $34.55 to $64.00, with the March surge pushing it toward the upper end after a pullback earlier in the year. Market capitalization stands around $3.49 billion, with a trailing P/E of about 5.58 and forward P/E near 12.89, suggesting attractive valuation relative to growth prospects.

Challenges persist in operating environments, including geopolitical risks in Ukraine and regulatory pressures in Pakistan, but VEON’s diversified footprint and digital pivot have mitigated impacts. The company emphasized disciplined capital allocation and shareholder returns as priorities.

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As VEON advances its digital operator strategy, the March 13 rally underscores investor confidence in its execution and outlook. The next earnings update is expected in May 2026, with ongoing buybacks and digital initiatives likely to remain focal points.

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Dow Jones Closes at 46,558.47 on March 13 Amid Ongoing Iran Conflict and Oil Price Surge

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Dow Jones

The Dow Jones Industrial Average ended lower on March 13, 2026, closing at 46,558.47 after shedding 119.38 points or 0.26%, as persistent geopolitical tensions from the U.S.-Iran war continued to push oil prices higher and weigh on investor sentiment.

Dow Jones
Dow Jones

The blue-chip index opened at 46,689.24, reached a high of 47,123.99 and dipped to a low of 46,494.63 during the session, according to data from Investing.com and Yahoo Finance. Volume totaled around 453 million shares, reflecting elevated trading activity amid volatility. The decline marked the Dow’s third consecutive weekly loss, with the index down nearly 2% for the week ending March 13 — its worst weekly performance in recent months.

The broader market mirrored the Dow’s retreat. The S&P 500 fell 40.43 points or 0.61% to 6,632.19, hitting a new low for 2026. The Nasdaq Composite dropped 206.62 points or 0.93% to 22,105.36. All three major indexes posted their third straight weekly decline, with the S&P 500 down 1.6% for the week and the Nasdaq off 1.3%.

Oil prices remained a dominant force, with crude climbing above $100 per barrel at points during the week as the conflict intensified. Reports of U.S. strikes on Iranian targets and Iran’s responses in the Strait of Hormuz fueled fears of supply disruptions, adding inflationary pressure and prompting a flight to safety. Energy-sensitive sectors felt the pinch, while defensive names offered limited offset.

The sell-off extended a broader reversal from earlier 2026 highs. The Dow peaked near 50,188 in February but has fallen more than 7% from that level, pressured by the war’s economic fallout, including higher energy costs and uncertainty over global growth. Technical analysts noted the index hovered near its 200-day moving average around 46,330, with a break below potentially signaling deeper declines.

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Market breadth weakened, with only about 31% of S&P 500 components above their 50-day moving averages — near recent lows. The Dow’s relative underperformance in recent weeks contrasted with its earlier leadership in value and defensive rotation.

Geopolitical headlines dominated. Defense Secretary announcements of escalated U.S. actions against Iran reinforced concerns of prolonged disruption in energy markets. Investors reassessed rate expectations, with yields climbing despite soft economic data like Q4 GDP revisions.

Individual movers included pressure on tech and software names, though specific Dow components like Boeing and UnitedHealth showed relative resilience. Broader sector rotation into energy provided some cushion, but overall risk-off sentiment prevailed.

Looking ahead, markets eye Nvidia’s GTC event starting March 16, where CEO Jensen Huang’s keynote could offer AI and chip updates influencing sentiment. Micron earnings and ongoing oil developments also loom. Futures pointed to a cautious open Sunday evening, with Dow futures reflecting continued caution.

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The week’s performance underscores fragility amid external shocks. While the Dow remains up about 12% from a year ago, the recent pullback highlights vulnerability to energy shocks and geopolitical risks. Analysts warn of potential for further selling if oil sustains above $100 or conflict escalates.

As trading resumes, focus remains on energy prices and any diplomatic developments that could ease supply fears. The Dow’s path will likely hinge on how markets digest these ongoing pressures.

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Armstrong World Industries: Shares Are Right Where They Belong

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Armstrong World Industries: Shares Are Right Where They Belong

Armstrong World Industries: Shares Are Right Where They Belong

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