Monday 22 December 2014
 
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SBI

India to launch new Islamic equity fund

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.

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Mumtalakat in deal on pharmaceutical plant

Bahrain Mumtalakat Holding Company, the investment arm of Bahrain, has signed an agreement with Japanese firm SBI Pharmaceuticals (SBI), towards setting up of a pharmaceutical production facility in the kingdom. To start with, the

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Japan banking group plans India tie-up

Mizuho Financial Group will join forces with India's top bank, State Bank of India, on syndicated loans and other areas, as Japan's second-largest lender looks to capitalise on the growing Indian economy. The deal, the first such alliance

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UAE exchange ties up with SBI

UAE’s Wall Street Exchange company has announced a tie-up with State Bank of India, India’s largest bank, for quick money transfer to India. The transfers would be done through 5,800 SBI branches under the speed remittance facility, “SBI E

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