RAM Ratings has reaffirmed the AAA ratings of Golden Crop Returns (Golden Crop) Series 1 and Series 2 Sukuk Al-Ijarah. Concurrently, the respective ratings of the issuer's Series 3, Series 4 and Series 5 Sukuk have been upgraded from AA2, AA3 and A1 to

An indicator of service sector output in the United Kingdom increased in April compared to a year earlier, data from the Office for National Statistics showed Friday. The seasonally adjusted Index of Services increased 2 percent in April compared with

The Sensex jumped over 2 percent, rising nearly 400 points to its highest in two months on Friday, led by gains in ICICI Bank, L&T and ITC. The Nifty traded above the key 5,250 mark, up 2.1 percent at 5,258.35. At 01:30 p.m., the 30-share BSE index was

The unemployment rate fell to 4.4 percent in May from 4.6 percent in April, marking the first improvement in three months on the back of the moderately recovering economy, the Internal Affairs and Communications Ministry said Friday. While the outcome

Standard Chartered Private Bank recently launched a comprehensive suite of Islamic financial solutions for its clients. The solutions include fiduciary deposits, property financing, equities, Islamic fixed income instruments (sukuk), mutual funds

U.S. personal incomes grew by slightly less than expected in May but the slower than expected growth did not bring down consumer spending levels. According to figures released Friday by the Commerce Department, U.S. personal income increased by $25.4

China Knowledge quoted according to statistics released by the National Bureau of Statistics, the combined profit of industrial enterprises with at least CNY 20 million revenues in China fell 5.3% YoY to CNY 390.9.billion in May this year. The decline

State-owned Dena Bank today said it has raised Rs 850 crore from bonds to fund business growth. The fund raised on private placement basis for an amount of Rs 500 crore and green shoe option to retain Rs 350 crore, Dena Bank said in a BSE filing. The

Hong Kong shares outperformed most Asian peers on Friday, ending June and the second quarter on a high note as investors covered short bets after euro zone leaders unexpectedly agreed to help bring down Italy's and Spain's spiralling borrowing costs.

The stock markets surged over two per cent on Friday on heavy buying from foreign investors after the government soothed their nerves by proposing the General Anti-Avoidance Rules (GAAR) would not apply retrospectively. A surprise deal by Euro zone

US stocks leaped two percent on Friday sparked by the dramatic measures adopted in Brussels to stem the eurozone crisis and stimulate growth, giving the markets a strong end to a rocky first half. The Nasdaq finished with a shock 3.00 percent gain, as

Asian stocks capped the biggest weekly gain since January as euro-zone leaders agreed to relax conditions for recapitalizing lenders and amid speculation China will do more to shore up growth. The advance pared the regional benchmark index’s first

HDFC Bank has decided to cut its benchmark lending rate by 0.2 per cent, making loans cheaper for borrowers. The base rate, or the minimum lending rate, of HDFC Bank will become 9.8 per cent from the existing 10 per cent, sources said. At the same time,