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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.