Kela acquired over 5.15 crore shares in Indiabulls, representing a 2.22% stake.

Indiabulls, a smallcap company with a market capitalization of Rs 2,810 crore, operates across real estate and financial services.

The stock ended positively on Friday, surging 11.47% higher to close at Rs 12.15 on the BSE. Despite the sharp uptick, it remains down 18% over the past year and continues to trade below its 200-day moving average, though it has moved above its 50-day average—indicating early signs of recovery.

In a similar move, he bought a 1.21% stake in Simplex Infrastructures. It is a diversified company established in 1924 and delivers projects in several sectors like transport, energy & power, mining, buildings, marine and real estate etc.

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Its stock gained 6.12% to close at Rs 192.35 on the NSE, even as it has declined 36% over the past year, significantly underperforming broader markets like the BSE Sensex and Nifty 50, which have delivered modest returns of 5% and 7%, respectively.
Kela’s portfolio boasts of 17 stocks with a net worth exceeding Rs 2,188 crore according to Trendlyne. The latest purchases highlight selective accumulation in beaten-down names.His other bets include Kopran, SG Finserv, Mkventures Capital, Prataap Snacks, Bombay Dyeing, Emkay Global and Repro, Trendlyne data revealed.

Kela’s biggest bet is Choice International with a holding value of Rs 1,127 crore. Mkventures Capital and Prataap Snacks are next in line with holding values of Rs 267 crore and Rs 109 crore, respectively.

Also read: Big Whale Ashish Kacholia hikes stakes in smallcap market outperformers SG Finserv, Aeroflex in Q4

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

WASHINGTON — Hyundai Motor America is recalling 294,128 vehicles in the United States because a defect could cause the driver and front passenger seat belt anchors to detach, increasing the risk of injury in a crash, federal regulators said Friday.

The National Highway Traffic Safety Administration announced the recall on April 10, 2026, under campaign number 26V218000. A detached seat belt anchor may fail to properly restrain an occupant, the agency warned. No crashes, injuries or deaths have been reported in connection with the issue.

Affected models include certain 2023-2025 Hyundai Ioniq 6 electric sedans, 2023-2026 Genesis G90 luxury sedans, and 2024-2026 Hyundai Santa Fe and Santa Fe Hybrid SUVs. The vast majority involve the popular Santa Fe lineup, with roughly 158,000 non-hybrid and 95,000 hybrid versions included.

The problem stems from a damaged snap-on anchor that secures the front seat belts to the seat frame. During routine service or repairs, technicians may inadvertently damage the anchor when removing or reinstalling the seat, NHTSA investigators found after probing a consumer complaint on a 2025 Santa Fe. Extensive testing, including visits to manufacturing plants and analysis of auction vehicles, confirmed the defect occurs post-production rather than during assembly.

Hyundai and its luxury brand Genesis said they are aware of six complaints related to the anchors but no confirmed incidents where the defect contributed to a crash or injury. The recall affects only the front seat belts; rear seats are not involved.

Safety Implications and Owner Advice

Seat belts remain one of the most critical safety features in any vehicle. A failure in the anchor could reduce their effectiveness dramatically during a collision, potentially allowing occupants to move more freely and suffer greater harm. NHTSA urged owners to continue wearing seat belts at all times and to have the repair performed as soon as possible once notified.

The defect came to light through NHTSA’s Office of Defects Investigation after a single consumer affairs report. Investigators struggled initially to replicate the failure in controlled tests but eventually traced it to improper handling of the seat belt assembly during prior service work on the affected vehicles.

This marks another notable recall for Hyundai and Genesis in recent years, though the company has improved its safety record and recall response times compared with earlier controversies involving engine fires and other issues. Hyundai Motor America emphasized that the problem is not a manufacturing defect from the factory but rather a vulnerability introduced during subsequent maintenance.

What Hyundai and Genesis Will Do

Dealers will inspect the front seat belt anchors and replace any damaged components at no cost to owners. The remedy involves installing reinforced or properly secured anchors to prevent future detachment. Repair times are expected to be relatively short, though parts availability could vary by region in the initial weeks.

Notification letters to owners are scheduled to begin mailing in late May or early June 2026, according to the recall filing. In the meantime, owners can check their vehicle’s eligibility by entering the VIN on NHTSA’s website at www.nhtsa.gov/recalls or Hyundai’s owner portal.

Interim guidance from the automaker recommends that drivers and front passengers continue normal use of seat belts while awaiting the fix. Owners who have recently had seat work performed — such as upholstery repairs, seat replacements or electrical diagnostics — should prioritize scheduling the recall service.

Models and Production Years Affected

The recall covers a wide range of recent model years across both mainstream and luxury segments:

• Hyundai Ioniq 6 (2023-2025): The sleek electric sedan, praised for its range and design, represents a smaller portion of the total but highlights safety concerns in the growing EV segment.
• Genesis G90 (2023-2026): The flagship luxury sedan competes with Mercedes-Benz and BMW models. Its inclusion underscores that the issue crosses price points.
• Hyundai Santa Fe and Santa Fe Hybrid (2024-2026): These family-oriented SUVs account for the bulk of the recall. The redesigned Santa Fe has been a strong seller with its bold styling and spacious interior.

Production dates and specific VIN ranges are detailed in the full NHTSA report. Not every vehicle within those model years is affected; only those with the vulnerable anchor design qualify.

Broader Context of Automotive Recalls

This action arrives amid heightened scrutiny of vehicle safety systems as automakers roll out more advanced driver assistance technologies and electrified powertrains. Seat belt failures, though rare, draw particular attention because they undermine a fundamental passive safety layer that has saved countless lives since mandatory use laws took hold decades ago.

NHTSA data shows millions of vehicles recalled annually in the U.S. for issues ranging from airbags and brakes to software glitches and structural weaknesses. Hyundai has faced multiple recalls in the past, including high-profile engine and fire-related campaigns, but has worked to rebuild consumer trust through transparent communication and swift remedies.

Consumer Reports and safety advocates recommend that vehicle owners treat all recall notices seriously, even for seemingly minor components. “A seat belt that doesn’t stay anchored is no seat belt at all in a serious crash,” one expert noted.

Steps for Owners

1. Check your VIN immediately on the NHTSA website or Hyundai/Genesis owner sites.
2. Schedule the repair once notified. Most dealers will perform the work free of charge, including loaner vehicles if needed for longer jobs.
3. Monitor for symptoms: If the seat belt feels loose, does not click securely, or shows visible damage to the anchor area, contact a dealer right away.
4. Stay informed: Sign up for NHTSA email alerts and follow Hyundai’s recall updates.

Hyundai Motor America said it is cooperating fully with regulators and has taken steps internally to improve service training to prevent similar anchor damage in the future. Genesis owners will receive parallel notifications through the luxury brand’s channels.

Potential Impact on Owners and the Industry

For many Santa Fe owners — a popular choice for growing families — the recall may cause temporary inconvenience but underscores the importance of regular maintenance at authorized dealers. Ioniq 6 drivers, many of whom chose the vehicle for its environmental benefits, may feel added frustration over a safety matter in a relatively new EV platform.

Financially, the recall is expected to cost Hyundai millions in parts, labor and logistics, though the per-vehicle expense remains modest compared with more complex fixes such as battery or software updates.

The announcement triggered widespread media coverage Friday, with headlines emphasizing the large number of vehicles involved. Social media buzz focused on practical questions: “How do I know if my Santa Fe is affected?” and “Is it safe to drive until the repair?”

Safety organizations like the Insurance Institute for Highway Safety (IIHS) and Consumer Reports advised owners not to panic but to act promptly. Both groups have given high safety ratings to many of the recalled models when properly equipped and maintained.

As the recall process unfolds, NHTSA will monitor completion rates and any additional complaints. Owners who experience issues before receiving a notice can report them directly to the agency or their dealer.

Hyundai’s swift acknowledgment and planned remedy reflect lessons learned from past experiences. The company stated it remains committed to customer safety and vehicle quality across its expanding U.S. lineup.

In the meantime, millions of drivers continue their daily commutes in the affected models, relying on the very seat belts now under scrutiny. While the risk appears low in normal driving, the potential consequences in a collision justify the massive recall effort.

Owners with questions can contact Hyundai Customer Service at 1-800-633-5151 or Genesis at 1-844-340-4477. Detailed technical bulletins and repair instructions have been sent to all dealership service departments.

This latest development serves as a reminder that even modern vehicles with advanced safety features require vigilant maintenance and prompt attention to manufacturer notices. For the hundreds of thousands of Hyundai and Genesis customers impacted, a relatively straightforward dealer visit should restore full confidence in their vehicles’ protective systems.

More than two thousand years ago, Greek philosopher Heraclitus of Ephesus coined the phrase, “Change is the only constant.” That observation has remained true since his death, but now change is happening even faster, largely due to generative artificial intelligence (Gen-AI) technology such as ChatGPT or Claude. And that is making many workers even more anxious than usual. But there’s also some good news for people willing to learn.

“Change is always stressful,” Liz Bentley, a workplace and career consultant at Liz Bentley Associates in New York, told FOX Business.  Britain’s Industrial Revolution in the 1700s was stressful, too. New industries put people out of work, but new jobs were created. “At the beginning of the Industrial Revolution, people didn’t know there would be new jobs,” she says. We now know the 1700s inventions, including steam trains and mechanical weaving, brought prosperity to the U.K. then to other economies.

AMAZON DISRUPTING ITSELF, REBUILDING CUSTOMER SHOPPING EXPERIENCE AROUND AI FROM GROUND UP

AI assistant apps on a smartphone – OpenAI ChatGPT, Google Gemini, and Anthropic Claude. (Getty Images / Getty Images)

Gen-AI is driving change to a new level. “It’s coming fast and furious,” Bentley says. “There are so many things that AI can usurp.” That’s making workers anxious in new ways. People don’t know what changes will happen in the workplace. “There’s a lack of predictability,” she says. Gen-AI is the branch of artificial intelligence that creates content rather than just analyzing data.

A few years ago, job losses were often due to employee performance. Now it’s frequently AI displacing the job. Data from Challenger, Gray and Christmas finds Gen-AI was directly involved in firing 54,000 people during 2025. The idea was to let AI handle repetitive work, such as data collection. It’s no wonder that approximately 30% of workers fear losing their jobs as AI agents take over, according to Bentley.

The job losses might sound ultra-scary to a lot of people. But the reality is that Gen-AI is here to stay, and there are plenty of reasons to stop worrying.

A General Motors worker is shown on the assembly line at the General Motors Lansing Delta Township Assembly Plant on February 21, 2020 in Lansing, Michigan. The plant, which employs over 2,500 workers, is home to the Chevrolet Traverse and Buick Enc (Bill Pugliano/Getty Images / Getty Images)

First, investors have put a boatload of money into making AI work. U.S. private and venture capital investments totaled $109 billion. Last year, similar investors plowed in another $194 billion. Put simply, these investors are betting heavily on the future of AI, and they wouldn’t be doing that unless they thought there was a solid future in it.

In the U.S., 28.3% of the working-age population used generative artificial intelligence, or approximately 3 out of every 10 workers in the second half of 2025, according to Microsoft’s AI Economy Institute. The U.S. was far ahead of the average global usage of 16.3% in the same period.

PALANTIR’S SHYAM SANKAR: AI SHOULD STRIP AWAY CORPORATE BUREAUCRACY AND GIVE POWER BACK TO THE WORKER

Business people at their desks in a busy, open-plan office. Startup business people working at a modern office. (iStock)

While AI has so far resulted in layoffs, it’s also created many new jobs that most of us would never have dreamed of. Last year, approximately 280,000 new jobs in Gen-AI were created for people, according to Electro IQ Job Creation Stats. Some of those jobs were for people involved in AI training, data analysis and Gen-AI ethics specialists. 

Another positive is that humans working with AI agents are a lot more productive. The amount of work being done by humans assisted by Gen-AI has changed much, Bentley says. But more importantly, workers are now more productive. That’s particularly beneficial for people without advanced degrees or who lack experience, she says. 

ASHBURN, VA – MAY 9: People walk through the hallways at Equinix Data Center in Ashburn, Virginia, on May 9, 2024.  (Amanda Andrade-Rhoades for The Washington Post via Getty Images / Getty Images)

The most important trick in benefiting from these new roles seems to be a willingness to learn. “Those opportunities will include people who will embrace the new technology,” Jed Ellerbroek, a portfolio manager at Argent Capital in St. Louis, Missouri, told FOX Business. “And AI can make you a lot more creative.”

In part, that creativity comes to life because people working with AI need to do the thinking. Notably, that means critical thinking, which involves questioning answers and challenging perceived wisdom. “It requires a human being,” Ellerbroek says. 

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Ellerbroek says the best way to start learning is to use free Gen-AI agents, such as the basic version of ChatGPT. With that basic knowledge, moving on to a paid version will then be easier. “It’s dramatically better,” he says. “You need to double-check the output.” 

NEW YORK — Speculation is swirling around what could become the celebrity wedding of the decade as pop superstar Taylor Swift and Kansas City Chiefs tight end Travis Kelce prepare to tie the knot in 2026, with fresh reports indicating save-the-date cards have already gone out for a July 3 celebration in New York City.

The couple, who announced their engagement in August 2025 after a whirlwind romance that began in 2023, have kept planning tightly under wraps. Yet persistent rumors, insider leaks and recent media reports have painted a picture of an intimate yet glamorous midsummer affair. Here are 10 key things to know about the anticipated nuptials as details continue to shift and evolve.

1. The Latest Reported Date: July 3 in the Big Apple Save-the-date invitations reportedly confirm the wedding for Friday, July 3, 2026, in New York City — a change from earlier speculation centered on June 13. The date falls just before the Fourth of July holiday weekend and aligns with Kelce’s NFL offseason schedule, allowing time before the Chiefs’ training camp begins around July 22. Sources told Page Six that the couple opted for Manhattan after earlier Rhode Island plans faced public scrutiny.
2. Engagement Timeline and Proposal Swift and Kelce got engaged in August 2025, with Kelce popping the question in a private garden setting in the Kansas City area. The news broke publicly shortly afterward, sending fans and media into a frenzy. Swift, 36, and Kelce, also 36, have described their relationship as one filled with mutual support, with Swift crediting Kelce for bringing joy and confidence into her life during award show speeches.
3. Rhode Island Rumors Debunked For months, reports pointed to a June 13 wedding — Swift’s lucky number 13 falling on a Saturday — at the luxurious Ocean House resort in Watch Hill, Rhode Island, near one of her waterfront properties. Celebrity wedding planner Tara Guérard publicly shut down those claims in early April 2026, stating she was handling a different wedding at the venue that day and that Swift was “not my bride.” The shift to New York appears driven by privacy concerns and guest logistics.
4. Guest List Expectations Insiders suggest a relatively intimate gathering capped around 150 guests to maintain control and security. Expected attendees include Swift’s close friends such as Selena Gomez, Gigi Hadid and Emma Stone, as well as Kelce’s brother Jason Kelce and NFL teammates like Patrick Mahomes. Celebrity circles from music, film and sports are likely to mix, though the couple has prioritized privacy over a massive blowout.
5. Bridal Party Rumors Speculation points to longtime confidantes filling key roles. Gigi Hadid and Selena Gomez are frequently mentioned as potential bridesmaids, while Jason Kelce could stand beside his brother as best man. Details remain unconfirmed, but Swift’s history of surrounding herself with a tight inner circle suggests a meaningful, low-drama party.
6. Venue and Vibe in New York With Swift maintaining a residence in Tribeca, New York City offers familiarity and logistical advantages. Reports describe plans for a sophisticated, possibly 1950s-inspired aesthetic blending classic elegance with modern touches. The couple reportedly moved away from a seaside Rhode Island estate or private island option to accommodate more guests comfortably in Manhattan venues.
7. Timing Tied to NFL Schedule Kelce has signaled plans to marry before the start of training camp, ensuring the couple can enjoy newlywed time without immediate football pressures. The July 3 date provides a buffer, allowing a potential honeymoon before the NFL season ramps up. ESPN reports from March 2026 reinforced that Kelce aims for a summer wedding to balance his career and personal life.
8. Security and Privacy Measures Given Swift’s global superstardom and the couple’s high profile, extensive security is expected. Past experiences with fan attention and media leaks have prompted a cautious approach. Save-the-dates were reportedly sent discreetly, and the couple has avoided public comments on specifics, letting representatives and insiders control the narrative.
9. Cultural and Fan Impact The wedding has already influenced trends, from engagement ring styles to summer 2026 bridal fashion. Swifties have analyzed every clue, from Swift’s “bridal era” outfits during New York outings to subtle social media hints. The event is poised to dominate headlines, social platforms and even pop culture conversations well beyond the ceremony itself.
10. No Official Confirmation Yet Despite save-the-date reports and shifting venue rumors, neither Swift nor Kelce has issued an official statement. Representatives have remained silent, a strategy consistent with the couple’s preference for privacy amid intense public interest. Insiders emphasize that plans could still evolve, as celebrity weddings often do in response to leaks or scheduling needs.

Broader Context of the Relationship

Swift and Kelce’s romance captured imaginations from the start. Their first public connection came when Kelce attended one of Swift’s Eras Tour shows in 2023, leading to a high-profile pairing that blended music and sports worlds. The relationship has been marked by mutual appearances at games, award shows and private moments that fans have dissected endlessly.

At the 2026 iHeartRadio Music Awards, Swift publicly thanked Kelce during her acceptance speech, calling him a source of happiness and confidence. The couple’s engagement announcement only amplified the fairy-tale narrative, drawing comparisons to modern royalty.

Wedding industry experts note the pair’s story could inspire trends in 2026 nuptials, including blended celebrity-athlete guest lists, emphasis on meaningful dates and a balance between intimacy and spectacle. Some reports have even floated ideas of a 1950s-inspired theme, though those details remain unverified.

Challenges and Speculation

Media coverage has been relentless, with outlets like Page Six, People and Harper’s Bazaar tracking every rumored shift. The debunking of the Ocean House June 13 plans highlighted how quickly speculation can spread — and how easily it can be corrected by those directly involved.

Financially, the wedding is expected to carry a significant price tag, though Swift’s billionaire status makes cost secondary to creating a memorable, secure experience. Potential honeymoon destinations have been whispered about, ranging from international escapes to more low-key getaways, but nothing is confirmed.

For fans, the anticipation adds another layer to Swift’s already monumental year. With her music continuing to dominate charts and cultural conversations, the personal milestone represents a new chapter.

As July 3 approaches — or whenever the actual date lands — all eyes will remain on one of entertainment’s most watched couples. Whether the ceremony unfolds in New York with a star-studded yet intimate guest list or sees further adjustments, the union of Taylor Swift and Travis Kelce promises to be a defining celebrity moment of 2026.

The couple’s ability to maintain some privacy amid the spotlight has earned admiration from supporters who hope the day focuses on love rather than spectacle. In an era of constant sharing, Swift and Kelce’s measured approach stands out.

Whatever the final details, the story of their journey from a stadium suite connection to walking down the aisle has already written itself into pop culture history. Fans and followers will continue parsing clues until the couple decides to share more — or lets the photos and memories speak for themselves.

LOS ANGELES — Luka Doncic’s availability for the 2026 NBA playoffs hangs in the balance after the Los Angeles Lakers star suffered a Grade 2 left hamstring strain, an injury that has sidelined him for the remainder of the regular season and cast uncertainty over his postseason participation.

The 27-year-old Slovenian superstar went down non-contact in the third quarter of a 139-96 loss to the Oklahoma City Thunder on April 2. An MRI confirmed the partial tear, prompting the Lakers to rule him out indefinitely while emphasizing caution with their cornerstone player.

With the regular season winding down and the playoffs scheduled to begin April 18, the clock is ticking. Typical recovery for a Grade 2 hamstring strain ranges from three to six weeks, with an average around 35 days according to injury analysts. That timeline suggests Doncic could miss the entire first round and potentially return in the second round at the earliest — if all goes optimally.

Doncic has not played since the Thunder game, missing the Lakers’ final stretch as the team jockeys for Western Conference positioning. Los Angeles has already secured a playoff berth, but the absence of their leading scorer and playmaker has exposed vulnerabilities, particularly with co-star Austin Reaves also sidelined for weeks with an oblique injury.

Seeking Accelerated Recovery in Europe

In a bid to expedite healing, Doncic traveled to Spain for specialized medical treatment, including an injection procedure aimed at promoting faster recovery. His agent, Bill Duffy, confirmed the move after consultations with Lakers doctors and Doncic’s personal medical team.

“Luka is doing everything he can to make it back out on the court,” sources close to the situation told reporters. The decision to seek treatment abroad reflects Doncic’s deep ties to Spain, where he played professionally as a teenager with Real Madrid, and his determination to contribute this postseason despite the setback.

Sports medicine experts offer mixed projections. Some physicians suggest that advanced interventions could potentially shorten the timeline to as little as two to three weeks in a best-case scenario, opening a narrow window for a first-round return. Others caution that Grade 2 strains often require four to six weeks minimum for safe return to high-level competition, citing risks of re-injury if rushed.

Dr. Jesse Morse and similar specialists have noted that while unconventional treatments may accelerate healing, hamstring injuries remain notoriously tricky due to the muscle’s role in explosive movements central to Doncic’s game — driving, step-backs and quick changes of direction.

Lakers coach JJ Redick has remained measured in public comments, stressing the organization’s priority on long-term health over short-term heroics. “We’re going to be very careful with Luka’s recovery,” Redick said. “He’s a cornerstone of this franchise.” General manager Rob Pelinka echoed that sentiment, highlighting the need for Doncic to be close to 100 percent before stepping back on the floor.

Impact on Lakers’ Playoff Hopes

The injury could not have come at a worse moment. Doncic had been enjoying one of his finest seasons, leading the NBA in scoring for much of the campaign and forming a potent partnership with LeBron James. His absence has forced James, now in his 23rd season, to shoulder even more responsibility alongside supporting cast members like Rui Hachimura, D’Angelo Russell and others.

Without Doncic, the Lakers have struggled in stretches, though their playoff qualification was never seriously in doubt. Still, seeding matters in a loaded Western Conference featuring the Thunder, Nuggets and other contenders. A lower seed could mean tougher early matchups, making a healthy Doncic even more critical.

Historical precedent offers little encouragement. Recent data on Grade 2 hamstring strains in the NBA shows players often miss significant time, and returns before full healing frequently lead to setbacks. One analysis indicated that returning too soon from such injuries can extend overall recovery by weeks.

LeBron James addressed the situation indirectly, noting the team’s resilience but acknowledging the obvious hole left by Doncic’s absence. James canceled a planned golf outing amid the injury concerns, underscoring the seriousness within the locker room.

What a Return Would Require

For Doncic to suit up in the playoffs, several factors must align: successful response to the European treatment, progressive rehabilitation milestones, cleared medical testing and no setbacks during ramp-up. Even then, he would likely need minutes restrictions initially and could require several games to regain rhythm.

The Lakers’ medical staff will monitor inflammation, strength testing and functional movement before clearing him. Any return would come with managed expectations — Doncic might not resemble his dominant self immediately, especially in a high-stakes playoff environment.

Playoff scheduling adds pressure. The play-in tournament runs April 14-17, with first-round games tipping off April 18. If the Lakers advance past the opening round, a potential second-round start in early May could fall within a more realistic recovery window under average timelines.

Doncic himself has expressed optimism privately, according to sources. The competitive fire that defined his rise from Ljubljana to NBA stardom — and his headline-making move to the Lakers — fuels his desire to contribute. Yet he and the team understand the risks of pushing through incomplete healing.

Broader Context in Lakers Season

This season marked a new chapter for the Lakers with Doncic’s arrival, blending his generational talent with James’ veteran leadership. The duo delivered highlight-reel moments and elevated expectations in Los Angeles. Injuries to key pieces, including this latest blow, have tested the roster’s depth.

Mavericks fans have watched with mixed emotions as their former franchise face battles injury in purple and gold. Dallas, meanwhile, missed the playoffs for a second straight year following the trade.

NBA analysts remain divided on the Lakers’ ceiling without Doncic. Some believe James and role players can navigate a first-round series against certain opponents. Others argue that facing elite defenses without the Slovenian star’s scoring and facilitation dramatically lowers their chances of a deep run.

As of April 11, no firm update has emerged from Spain beyond confirmation of ongoing treatment. The Lakers continue to provide minimal details, citing privacy and the fluid nature of recovery.

For a player who has carried heavy minutes and offensive load throughout his career, this hamstring issue serves as a reminder of physical limits. At 27, Doncic remains in his prime, but repeated stress on the lower body demands respect.

Looking Ahead

The coming days will bring more clarity as Doncic completes treatment and begins the next phase of rehab. Lakers fans, already enduring a roller-coaster season, cling to hope that their star can return in time to influence the postseason.

Whether Doncic appears in the first round, second round or later — or misses the playoffs entirely — remains unknown. What is clear is the organization’s commitment to a measured approach rather than risking long-term damage for immediate gratification.

As the NBA world turns its attention to the playoffs, all eyes remain on one question: Can Luka Doncic defy the typical hamstring recovery timeline and deliver “Luka Magic” when it matters most? The answer could define the Lakers’ 2026 postseason fate.

This article was written by

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Behind the towering mahogany gates of Miami Beach’s Allison Island, the Wall Street South movement is showing its most permanent face yet. It’s not just about the zero-percent state income tax or the deep-water docks; it’s about the “Caution: Children at Play” signs lining the streets.

While legacy metros struggle with urban decay and rising crime, this private sanctuary is being transformed into a high-security nursery for the next generation of American industry. Here, crisp modern architecture is juxtaposed with baby floats and pool safety nets, proving that for the nation’s elite, the Florida move is no longer a seasonal trend — it’s a multi-generational commitment to safety and sanity.

“Florida, for better or for worse, has kind of been the beneficiary of issues that have happened in other parts of the country, and we just continue to flourish down here,” Douglas Elliman Exclusive Group co-founder Devin Kay told Fox News Digital. “I think the market is incredibly strong… The demand and the pace that we’re seeing down here, I don’t think is something that’s going to go away anytime soon.”

“So for anybody that has been looking to relocate here or is thinking about relocating here,” he added, “I think that when you ultimately weigh the pros and the cons, they will quickly realize that South Florida is just the place that everyone seems to want to be.”

STEP INSIDE THE $44M FOUR SEASONS PENTHOUSE WHERE EX-STARBUCKS CHIEF HOWARD SCHULTZ IS STARTING RETIREMENT

Allison Island’s newest neighbor is Google co-founder and billionaire Sergey Brin, who paid $51 million for LVMH CEO Michael Burke and his wife, Brigitte Burke’s modernist, palatial abode in a reported off-market deal. Just a few weeks later, rapper Lil Wayne sold his mansion on the island for $33 million.

Miami real estate brokers are seeing an influx of wealthy Californians looking for high-end homes due to the proposed “billionaire tax” in California. (Getty Images)

With fewer than 50 single-family homes, the conversation among relocating elites has shifted from, “Can we move?” to, “How fast can we get there?” For the CEOs arriving from New York, California and Washington, architecture is the hook, but the financial and political climate is the closer.

“It always starts out with the real estate first, so the client is drawn towards the architecture of the property, the style, the location, if it’s on the water,” Kay noted, “but then I think it quickly shifts more towards the financial part of the decision. And with the people that we’ve been dealing with that are relocating here from New York and now California, I think it’s become both an emotional and strategic decision for them because they’re ultimately realizing that they’re not only able to upgrade their lifestyle, but they’re also making a very smart financial decision.”

Kay brought Fox News Digital inside an Allison Island home with an estimated value of around $20 million. It was a modern monolith with an emphasis on expansive, open-concept living space — highbrow art stood out against the warm, light oak floors, and floor-to-ceiling windows in the primary room met sunshine, swaying palms and panoramic views of the Miami skyline.

While the property checked every luxury amenity box, what felt more impactful were the signs of everyday family life. In addition to the flamingo floats and pool safety net, baby items could be found on the kitchen counter and a high chair was ready for use. It was a clear indication that parents and their young children are not just passing through on vacation, but are permanently planting their flags in a sanctuary of safety and freedom that they intend to call home for decades to come.

“Most of the people who we are now dealing with that are part of this ultra-high-net-worth class. I think the first thing that they’re looking for is really safety and security, especially in today’s climate,” Kay said. “I don’t think that safety and security is really optional anymore, it’s really become a priority for these people.”

Google co-founder Sergey Brin’s Allison Island home is seen center-right with the gray roof. (Getty Images)

“With what’s going on in New York and California and Chicago and other major metropolitan cities, I think that the ultra-high-net-worth class that is very worried about privacy and security and ultimately want their families to feel safe, they feel that, here in Miami Beach, they’re able to achieve that,” he continued. “We’ve really had an inventory problem here in South Florida since the days of COVID. So when buyers see the opportunity to acquire something like this, they don’t even hesitate. They’re not thinking in terms of months or even years, they’re thinking in terms of decades at this point.”

“The amount of people that are moving and relocating here on a more full-time basis far exceeds the number of properties that we actually have to sell to these people. So, the level of transactions and the volume and the price growth that we have seen over the last few years is something that I don’t think any of us could have predicted.”

Though Indian Creek offers isolation, Allison Island offers something rarer in the ultra-luxury world: a neighborhood. Kay notes that the influx of names like Brin isn’t just a real estate play, but a cultural one.

“It’s become more of a full-time shift, so the families that have now relocated here… the reason that they’re doing so, again, is because of the location, the privacy aspect, the security of being behind a guard gate, the scarcity of having waterfront land here in Miami Beach, which they’re not making any more of,” Kay explained. “But I think what really makes Allison Island unique is the fact that it has a real sense of community.”

That community provides a level of freedom that has vanished from other major American cities.

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“They don’t have to worry about the unknown or the unexpected. Their kids can go walk or bike ride or do things, and they don’t need to sit there and worry about them,” Kay said. “But at the same time, they know that they are upgrading their lifestyle while still making a very smart financial decision at the end of the day.”

This is Part 3 of a Fox News Digital series on the “Billionaire Bunker” circuit. Stay tuned for our next stop in Coconut Grove, where the wealth migration is hitting a new gear.

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