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                                                                                     August 05, 2015

 

Press Release No. 1

NSE and NSI (Dept of Economic Affairs, MOF) join hands to train primary distributors of NSS

 

India’s leading stock exchange, National Stock Exchange of India Limited (NSE) is partnering with National Savings Institute (NSI), Department of Economic Affairs, Ministry of Finance, Government of India for conducting Awareness Programs for the Agents affiliated to NSI.  The primary distributors of the National Savings Schemes who operate through Post Offices and select banks across the nation will get lessons in the financial domain and savings concepts. The initiative is expected to help them to take additional financial markets’ products like Exchange Traded Funds (ETF) to the masses.

 

Today, about 100 distributors from 2 GPOs and 10 Head Post Offices in Delhi participated in the program. The objective of the awareness programme would be to: (i) Create awareness of financial planning and savings concepts, specifically  government savings; (ii) Create awareness of capital market products among agents and thereby assisting  in spreading knowledge to their clients; (iii) Explore opportunities to empanel agents for promoting suitable retail savings  products; (iv) Contribute to the overall well-being of the economy through increased  participation in the financial markets and savings products.

 

The first set of programs is expected to be over in the next 6 months. Ms Chitra Ramkrishna, MD & CEO, NSE said that “In our endeavour to ensure financial inclusions, such initiatives will help to create awareness about exchange traded products and their utilities. This, in turn, is expected to unlock savings for productive use of the nation.” Besides, programs with NSI, the Exchange intends to organise more than 1000 awareness programs across India in the current financial year. Mr Deepak Verma, Joint Director, NSI, said, “NSI is partnering NSE to enlarge the prospects of financial inclusion. Such training programs will help to enhance the skills and product offerings of numerous primary distributers who are present across India”. NSI is connected to around 1.54 lakh Post Offices and 25000 of selected bank branches in the country.

 

Post training the primary distributers can enrol as Authorised Persons – for offering products like ETFs to their clients.  They can also act as an ARN Holder for offering NSE’s NMF II (Online Mutual Fund) platform to retail clients. All such researched products will give them a wider bouquet which they can in turn offer to their clients.

 

RSVP:

Corporate Communications              

NSE, Mumbai, India

           

cc@nse.co.in                                                       

+91 – 022 – 2659 8164

www.nseindia.com

 

 

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cc@nse.co.in

+91 – 022 – 2659 8164

www.nseindia.com

 

 

Press Release No. 2

News about Nestle India Limited

 

The media had reports that “FSSAI lab gives Maggi clean chit”.

 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Nestle India Limited has vide its letter inter-alia stated “Our information on the subject is only through media reports. As per the media reports, FSSAI approved laboratory of Central Food Technological Research Institute (CFTRI) has found Maggi Noodles in compliance with food safety standards on a testing of five samples sent by Goa Food and Drug Administration. We do not have any further information on this except what is reported in media.  In case of receipt of any information, we shall revert.  We are not aware of any information that has not been announced to the stock exchange, which would explain the aforesaid movement in trading”.

 

 

Press Release No. 3

Clarification by Century Extrusions Limited

 

Significant increase in price has been observed in Century Extrusions Limited.

 

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Century Extrusions Limited has vide its letter inter-alia stated “The Company is working under normal conditions and there is nothing specific/ non specific information/ announcement including any pending announcement with the company”.