June 13, 2014
Press Release No. 1
NSE Partners with Apeejay
Stya University to offer 5-year Integrated MBA
NEW DELHI, June 12: India’s
leading stock exchange, the National Stock Exchange, signed an agreement today
with the Gurgaon-based Apeejay Stya University to launch a 5 years Integrated
MBA course in financial markets. Apeejay Stya University is the first private
University to tie-up with NSE for this course. The students who study the 5
years integrated MBA will have an exit option after 3 years, to get a BBA (FM)
degree.
The programme is being
launched from the 1st week of August 2014. It is a blend of academic and employable
skills. Students will get a degree plus 10/22 industry NSE certificates. Students will save up to 2 years by passing
upto 22 NCFM Modules simultaneously with the MBA/BBA degrees. The Apeejay Stya
University will transfer the marks of NSE/NCFM papers while grading students
for the BBA or MBA degree in Financial Markets.
NCFM modules are online
testing and certification programmes run by NSE.
The agreement was signed by
Ms Rana Usman, Head Northern region, NSE and Professor H L Verma, pro Vice
Chancellor (academic administration), Apeejay Stya University. The agreement
also envisages launching other courses jointly in the future, including a B.
Com course in Financial markets and a one year Post graduate diploma in
Financial markets.
NSE MD and CEO, Ms Chitra
Ramkrishna said in a written communication “There is a huge skill deficit in
India, but growth in the financial sector will throw up lakhs of jobs in the
coming years. Our attempt is to bridge this skill gap by educating young
students about different aspects of the Financial markets”.
It is estimated that 47 lakh professionals
will be required by the BFSI sector by 2022. The new integrated MBA programme
will help to address the shortage of skilled professionals in the banking,
financial services and insurance (BFSI) sector.
Speaking on the occasion,
Mrs Sushma Berlia, Chancellor & Co-Founder, Apeejay Stya University said, “People
worldwide struggle to maintain a balance between ‘education’ and
‘employability’. With ASU’s liberal arts philosophy, we ensure every student
graduates with the desired employable skills.” Mrs Berlia also emphasised the
need for financial and legal literacy in India, which must be implemented from
the school level onwards.
According to Dr H L Verma,
Pro-Vice Chancellor (Academic Administration) of ASU, the programme will help
students pursue an ASU degree along with NSE certification, transforming them
into competent professionals in the field. NSE will provide constant support
for effective implementation of these programmes.
NSE will train the faculty
of Apeejay Stya University and will depute experts in Financial markets as
guest lecturers. Apart from training the faculty, NSE will also provide a
simulation software, NSE Learn to Trade (NLT), which will help students to
learn about trading in a real life or simulated environment.
As a part of the Integrated
MBA, students will study the NCFM modules. NCFM is an online testing and
certification programme, which is very popular all over India. Currently NSE
runs more than 50 NCFM modules , for instance on the cash market, derivatives,
options trading strategies ,mutual funds, insurance, currency segment, risk
management, surveillance and the most
relevant and contemporary topics. Students or Professionals are provided with
written material, on the basis of which they appear for the tests. More than 16
lakh NCFM tests have been conducted since 1998 and the certification is
considered a necessary criterion to get attractive jobs in the financial
sector.
NSE runs MBA, BBA and post
graduate courses in financial markets in many Universities or Institutions in
India.
Press Release No. 2
News about Zee Learn Limited
The media had reports that
Zee Learn Limited "Zee Learn Plans Stake Sale to Raise Rs 300 Cr."
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.
Zee Learn Limited has vide
its letter inter-alia stated that, "The news item is purely speculative in
nature. The media publication in this regard is incorrect and hence
denied."
Press Release No. 3
Clarification by Amtek India Limited
Significant price movement
has been observed in Amtek India 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.
Amtek India Limited has
vide its letter inter-alia stated that, "As on date, there is no pending
announcement pertaining to operation/performance of the Company."
Press Release No. 4
Clarification by Hira Ferro Alloys Limited
Significant price movement
has been observed in Hira Ferro Alloys 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.
Hira Ferro Alloys Limited
has vide its letter inter-alia stated that, "As you are aware that our
company is under process of Voluntary Delisting of Shares from BSE and Madhya
Pradesh Stock Exchange Limited (MPSE). Apart from the above information there
is no other price sensitive information as on date."
Press Release No. 5
Suspension of
trading in the equity shares of Shree Ashtavinayak Cine Vision Limited
Suspension of trading in the
equity shares of Shree Ashtavinayak Cine Vision Limited: Pursuant to order dated
12/09/2013 passed by the Hon’ble High Court, Bombay, in Company Petition No.257
of 2013, the Official Liquidator attached to the said Court has been appointed
as the Provisional Liquidator of M/s Shree Ashtavinayak Cine Vision Limited (In
Prov. Liqn.) with usual powers under the Companies Act, 1956.
In
view of the above, the equity shares of Shree Ashtavinayak Cine Vision Limited
will be suspended from trading w.e.f. June 20, 2014 (i.e. closing hours of
trading on June 19, 2014) until further notice on the Capital Market Segment of
the National Stock Exchange of India Limited.