Banks have sought capital subsidy and other incentives from the Uttarakhand government to complete the financial inclusion process in the hill state where most of the villages are situated in remote areas. At a meeting held in New Delhi as an initiative

While Indian blue chip companies such as Tata, Reliance, Ambit and the Bombay Stock Exchange have all entered the Islamic asset management space in the last year or so with the launch of Islamic equity funds and the BSE TASIS Shariah 50 Index, the plight

Share prices on Bursa Malaysia opened broadly lower today, as the ripple effects of the Wall Street's sharp tumble on Friday spread to the region, dealers said. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.83 points to 1,509.06 after

An indicator of Japanese manufacturing activity rebounded in January to reach its highest level in six months, raising optimism for the 2011 economic outlook. The Markit-JMMA manufacturing PMI rose to 51.4 from 48.3 in December. Anything above 50

The Bombay Stock Exchange benchmark Sensex fell over 250 points in the opening session on Monday due to heavy selling by funds and retail investors in auto, realty, metal and teck sector stocks amid weak Asian cues. At 9.15 a.m., the Sensex was down

The Kuala Lumpur stock market extended heavy losses for a second week running with key blue chips leading declines amid concern China’s credit tightening measures would reduce regional growth, and as crude palm oil and crude oil prices fell, dragging

China Daily reported that despite a series of government measures to curb inflation, prices of foods and staple goods have continued to rise, fuelling concerns over future tightening policies. However, experts have ruled out the possibility of sharp

In line with the situation in the global markets, the Indian markets too have opened in the negative with the Sensex down 263 points at 18,132 and the Nifty shed 68 points at 5,443. In the broader markets, the midcaps opened at 6,898, down 0.7% and the

Indian markets were witnessing selling pressure across the board in line with other global peers on fears that unrest in Egypt would spark tension in Middle East. All the sectoral indices were in the red with technology, metals and auto stocks in the

Singapore's seasonally adjusted unemployment rate rose to 2.2% in the last three months of 2010 from 2.1% in the preceding quarter, official figures showed on Monday. The jobless rate among residents for the same period was unchanged at 3.1%, the

Hong Kong shares were 1.12 percent lower by the break amid general market nervousness over Egypt and following a sharp plunge on Wall Street last week. The Hang Seng Index fell 264.37 points to 23,352.65 on turnover of HK$37.1 billion.

German retail sales fell in December by 0.3 percent on the month when adjusted for inflation, coming in short of forecasts for a sturdy rise, preliminary data from the Statistical Office showed on Monday. On an annual basis, turnover fell 1.3 percent. A

Japanese government bonds rose on Monday as Tokyo stocks dropped with rioting in Egypt tempering investor appetite for riskier assets, although selling ahead of a 10-year auction limited gains. "Participants are still trying to work out the full