Aldar says subsidiaries can now own Abu Dhabi real estate

Abu Dhabi developer Aldar Properties announced a new government decree on Monday allowing its subsidiaries to own real estate in the city. The developer said in a brief bourse statement that Abu Dhabi Crown Prince and Deputy Supreme Commander of the Armed Forces Sheikh Mohamed Bin Zayed Al Nahyan had…

Mitsubishi invests in real estate for 1st time in India 

Representative image. BENGALURU: Mitsubishi has made its first real estate investment in the country, in Shriram Properties. The Japanese company’s real estate arm DRI India will invest about Rs 180 crore to buy 70 per cent stake in an ongoing residential project named Shriram Park 63 in Chennai. The project has more…

In first Indian real estate investment Mitsubishi invests Rs 180 crore in Shriram Properties project

In the past Shriram has partnered with TPG, Tata Capital, Walton Street Capital and Starwood Capital.( Representative Image) Marking Mitsubishi’s entry into the Indian real estate sector, the company’s investment arm and Shriram Properties signed definitive agreements for partnership in an ongoing large residential development project in Chennai. Under the agreement, Mitsubishi is investing Rs 180…

You want a machine learning job in finance? They might be less exciting than you think

Machine learning (ML) is probably the hottest thing in quantitative finance right now. But it’s also badly misunderstood. For starters it isn’t actually clear what machine learning actually is. The term conjures up images of artificially intelligent cyborgs poring over streams of financial data, coming up with novel trading strategies…

Reliance Home Finance in exclusive talks with an overseas investor for equity investment

Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. Reliance Home Finance said the discussions are subject to confirmatory due diligence, definitive documentation, and necessary approvals. “Reliance Home Finance has entered into exclusive…