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Coursera, ISB launch modules for finance, IT professionals

Press Trust of India  |  New Delhi 

Online education and learning platform Coursera and Indian School of Business (ISB) today announced the launch of two new specialisations for professionals in the IT and financial markets sectors.

The two specialisations are 'Business Technology Management' for professionals in IT functions and the IT industry, and 'Trading Strategies in Emerging Markets' for beginners in financial markets sector.

"India's prominence in global markets is growing and leading to a rise in the need for Indians equipped with skills in areas like trading and technology management," Rick Levin, CEO, Coursera, said.

On an average, the specialisations should take about six months to complete with an estimated workload being of 3 to 4 hours per week. Both the specialisations are priced starting at Rs 17,735.

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Kolte Patil Developers, partner complete housing proj in Pune * Realty firm Kolte Patil Developers Ltd and US-based Portman Holdings have completed their housing project in Pune at a cost of Rs 250 crore, generating 36 per cent return.

Kolte-Patil Developers said in a statement that "it has completed its Margosa Heights project in Pune, generating an IRR of 36% and a money multiple of 3.1 times for itself and its JV partner, Portman Holdings, USA."

The project is part of an SPV called Bellflower Properties Pvt Ltd, which is a 50 per cent JV with Portman.

This investment was the first residential investment for the Atlanta based full service real estate company which has a significant presence in India.

Portman Holdings India MD Rahul Anand said: "The partnership approach adopted in this project is consistent with Portman's long term development investment strategy in India and a key factor in achieving high project returns for our investors and us.

Piramal to sell part of fin services biz to arm for 1,450 cr

* Piramal Enterprises today said it will sell a part of its lending portfolio which is a part of its financial services to its wholly-owned arm Piramal Finance for Rs 1,450 crore.

The empowered committee of directors in its meeting held today has "approved a proposal to down-sell a part of the company's lending portfolio, forming part of its financial services business, to its wholly owned subsidiary Piramal Finance Pvt Ltd for a net consideration of Rs 1,450 crore."

Relevant agreements to give effect to this would be executed, it added without disclosing details.

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* HDFC ERGO General Insurance Company has come up with a new comprehensive web-enabled HDFC ERGO Community portal for consumers.

The community website for General Insurance in India will serve as a channel for its users to research, get advice, discuss and share their experiences and knowledge on non-life insurance products with others registered users within the community, the company said.

"The community portal has been conceptualised with the objective of helping users take informed decisions for their general insurance requirements and will be a one-stop-shop for comprehensive information about non-life insurance products and services," said Ritesh Kumar, Managing Director & CEO, HDFC ERGO General Insurance Company.

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NMDC director Narendra Kumar Nanda elected as MGMI President * Narendra Kumar Nanda, Director (Technical) of NMDC Ltd was elected as President of Mining Geological and Metallurgical Institute of India (MGMI) for 2016-17 at the 110th AGM of the institution today in Kolkata.

Nanda is currently holding the post of Vice President of MGMI, an official release said.

"Nanda had been immensely contributing towards the growth of the mineral sector and under his chairmanship the Hyderabad Branch had been awarded the Best Branch Activity for five consecutive years," it added.

Established in 1906, MGMI is the oldest institute of its kind in Asia with over 3,000 members representing professionals in the fields of minerals/mineral-based industries and policy makers both in the private and public sector at state/central levels and academicians among others.

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First Published: Tue, September 20 2016. 18:42 IST