Posts tagged as: India

United industry is key to future growth of diamond business

WDC President tells World Diamond Conference in New Delhi   WDC President Edward Asscher addressing the World Diamond Conference in New Delhi, India. On an ongoing basis, the united leadership of the diamond industry is more inclined than ever before to continue formulating and implementing improved ethical business standards, said Edward Asscher, President of the […]

Parsoli chief alleges ‚harassment‘ by SEBI

Parsoli chief alleges ‚harassment‘ by SEBI

After the Securities and Exchange Board of India (SEBI) cancelled Ahmedabad-based Parsoli Corporation's registration as a stock broker, the CEO of the firm, Zafar Sareshwala, claimed that his company had exited the stock-broking business voluntarily in…

Islamic finance to power Kerala startups

Islamic finance to power Kerala startups

<p>Cheraman Financial Services Ltd, jointly promoted by the Kerala government and non-resident Keralites, is to fund hundreds of cash-strapped student startups coming up in Kerala state, India. The Islamic financial institution has set aside Rs150mn for companies in the Startup Village, Kerala&rsquo;s answer to Silicon Valley, from its Rs2.5bn Alternative Investment Fund that primarily targets the Shariah-compliant service and manufacturing sectors. There are more than 900 firms with innovative products started by students waiting to set up their units. At least one company of students with innovative ideas is being set up each day at the Startup Village. The Village aims to host 3,000 startups by 2020. Coming up on the same campus in this port city is the Kerala Technology Innovation Centre, another zone exclusively for bio-technology.</p>
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<p><a href="http://www.gulf-times.com/india/185/details/361061/islamic-finance-to-power-kerala-startups" title="http://www.gulf-times.com/india/185/details/361061/islamic-finance-to-power-kerala-startups">http://www.gulf-times.com/india/185/details/361061/islamic-finance-to-po…</a></p>
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Islamic banking BPO at Infopark

Islamic banking BPO at Infopark

<p>Islamic banking is yet to get a foothold in the country with RBI not extending the permission, but the Indian subsidiary of a Kuwait company is setting up a global support centre providing Islamic core banking solutions at Infopark, Cherthala, on Friday. Path Solutions India is a wholly owned subsidiary of Path Solutions K.S.C.C, Ku&shy;w&shy;ait. According to Mohammed Kateeb, group chairman and CEO of Path Solutions, the company plans to have over 30 professionals working from its global support and development centre by the end of second quarter. Path Solutions wants to utilize the local skilled resources to deliver value-added software solutions and services to its clients. The centre will be opened by Aroor MLA A.M. Arif at 5 pm. IT principal secretary P.H. Kurien and Infopark CEO Hrishikesh Nair will attend the function among others.</p>
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<p><a href="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark" title="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark">http://www.deccanchronicle.com/130726/news-current-affairs/article/islam…</a></p>
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Islamic banking BPO at Infopark

Islamic banking BPO at Infopark

<p>Islamic banking is yet to get a foothold in the country with RBI not extending the permission, but the Indian subsidiary of a Kuwait company is setting up a global support centre providing Islamic core banking solutions at Infopark, Cherthala, on Friday. Path Solutions India is a wholly owned subsidiary of Path Solutions K.S.C.C, Ku&shy;w&shy;ait. According to Mohammed Kateeb, group chairman and CEO of Path Solutions, the company plans to have over 30 professionals working from its global support and development centre by the end of second quarter. Path Solutions wants to utilize the local skilled resources to deliver value-added software solutions and services to its clients. The centre will be opened by Aroor MLA A.M. Arif at 5 pm. IT principal secretary P.H. Kurien and Infopark CEO Hrishikesh Nair will attend the function among others.</p>
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<p><a href="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark" title="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark">http://www.deccanchronicle.com/130726/news-current-affairs/article/islam…</a></p>
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Bank Asya keen to expand biz in India

Bank Asya keen to expand biz in India

Bank Asya is eager to achieve bilateral trade between the Indian and Turkish economies worth $15 billion over the next five years. Officials of the Turkish Islamic lender Bank Asya were in Mumbai to discuss the rapidly growing business ties between In…

Shariah compliant mutual funds yet to catch investors fancy

Shariah compliant mutual funds yet to catch investors fancy

In India, there are only two fund houses, namely Tata MF and Taurus MF, which offer Shariah-compliant funds. Industry experts say that the major challenge in ethical funds is product awareness and its marginal market demand. These funds only cater to a…

S&P BSE 500 Shariah First Index Launched By Bombay Stock Exchange And S&P Dow Jones Indices Strategic Partnership

S&P BSE 500 Shariah First Index Launched By Bombay Stock Exchange And S&P Dow Jones Indices Strategic Partnership

Bombay Stock Exchange (BSE) and S&P Dow Jones Indices have announced the launch of the S&P BSE 500 Shariah index, the first new index resulting from the strategic partnership formed between the two companies in February of this year. The S&…

KSIDC partners with Islamic fund

KSIDC partners with Islamic fund

The Kerala State Industrial Development Corporation (KSIDC) has partnered with Cheraman Financial Services Limited, a Kochi-based Islamic fund. KSIDC has 11 per cent share in the Rs. 250 crore fund which is a shariah-based entity aimed at funding selec…

RBI has a positive approach towards Islamic banking: Minister

RBI has a positive approach towards Islamic banking: Minister

The Reserve Bank of India (RBI) has taken a positive approach to the suggestion of an alternative banking system for Muslims after K. Rahman Khan, Minister for Minority Affairs, emphasized that it was the duty of the State to facilitate every citizen t…

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