June 21, 2013

Press Release No. 1

NSE ties up with Ravenshaw University to start the first five year integrated MBA course in financial markets

India’s leading stock exchange, the National Stock exchange and the Ravenshaw University of Cuttack, a landmark educational institution of the State today signed an agreement to start the first five year integrated MBA course in financial markets, in Odisha and second in the country. The integrated MBA includes a three year BBA course and a two year MBA. It will train students on theoretical aspects of the markets, as well as provide them practical training, to give them an edge in the competitive job market.

The agreement was signed by Ms. Rana Usman, Asst. Vice President, NSE and the Registrar of Ravenshaw University, Dr. Padan Kumar Jena.

Prof. B.C. Tripathy Vice Chancellor Ravenshaw University, Mr. G C Sharma, head of NSE’s education initiatives, Dr. Sanjay K. Satapathy, Dean, School of Commerce & Management Studies and Dr. Munmun Mohanty were also present.

Students, who study the integrated MBA programme, will become eligible for jobs in the financial sector, mutual fund industry, the insurance sector as well as knowledge processing organizations. NSE and Ravenshaw University are confident that the skills students pick up, through the integrated MBA, will help in reducing unemployment in youth in Odisha, as the expertise will empower them to take up jobs in the state or anywhere in India and outside.

Chief of business development at NSE, Mr. Ravi Varanasi said, “Apart from imparting classroom training, students will be taught on simulated software, specially designed by NSE, so that they can learn on the same software that professionals use to trade in the markets.”

Prof. Tripathy said, “The course will open new vistas of knowledge development in the financial sector and the Ravenshavians will be the harbingers of this national move of enhancing the financial literacy in the country. After +2 it is a new channel which will benefit many students of and outside the state.”

Students who complete their schooling with a minimum of 45%, in class 12, from CBSE schools or State government schools/colleges, will be eligible for this course. They have the option of either doing a three years course and taking a BBA degree in financial markets or studying a five year course for an MBA degree in financial markets.

This is only the second time in India, that an integrated MBA is being introduced, after NSE’s partnership with the Punjabi University, Patiala, Punjab.

The last date for applying for these courses would be 2^nd July 2013 on line and 5^th July, to apply through an application in hard copy.

BBA students will study 10 modules of the NCFM or National certification in financial markets, while students of the integrated MBA will study 22 modules of NCFM. The NCFM modules are widely recognized in India as a necessary criterion for employment in the financial and capital markets space. This would be apart from the courses that the university will design for students.

NSE will train the faculty of Ravenshaw University and will depute experts in financial markets to be guest lecturers in these colleges.

The marks for the NCFM modules will be given by NSE, which will be incorporated by the Ravenshaw University in the final grades of students.

It is estimated that 62 lakh professionals will be required by the BFSI sector by 2022, but there is a huge shortfall in this target. Armed with this training, these youth can help in bridging the skill deficit and help employers in the financial sector to tap the right talent pool.

About Ravenshaw University, Cuttack

The Ravenshaw University was set up in 2006, as a new avatar of the erstwhile Ravenshaw College, which was highly regarded for its academic achievements and scholastic pursuits. Students of this university were active during the freedom struggle, especially during the Quit India movement, when they brought down the Union Jack as a mark of nationalistic fervor.

The prestigious Ravenshaw University of Cuttack has been given the CPE (Centre for potential excellence) status by UGC and an A grading by NAAC or the National Assessment and Accreditation Council. It has also been awarded the National honour by the Government of India, through the issue of a commemorative stamp in 1978.

The University has 27 departments of which 20 are post-graduate departments. M.Phil. programme is available in 14 departments and all the departments have provision for Ph.D. & D.Litt. programmes. Presently the university runs 23 Post-Graduate courses with research facilities and 27 Undergraduate honours courses.

About National Stock Exchange of India Ltd.

The National Stock Exchange (NSE) was established in the mid 1990s as a demutualised electronic exchange. It was started by a clutch of leading Indian financial institutions and offers trading, clearing and settlement services in equity, debt and equity derivatives. It is India's largest exchange, ranks the second largest globally in the number of cash market trades and third largest in stock and index futures in the world.

NSE provides a modern, fully automated screen-based trading system, with over two lakh trading terminals, through which investors in every nook and corner of India can trade. NSE has played a critical role in reforming the Indian securities market and in bringing unparalleled transparency, efficiency and market integrity. Its flagship index, the NIFTY 50, is used extensively by investors in India and around the world to take exposure to the Indian equities market.

In 1998, NSE launched an on-line education and certification programme called NSE’s Certification in Financial Markets or NCFM, which is now actively pursued by students, broker dealers, investors etc.

Among other initiatives to promote financial well-being, NSE has partnered with nine Universities or Institutions to run programmes and courses on the financial markets, to empower people of all ages, especially youth.

Press Release No. 2

Clarification by Goldstone Technologies Limited

Significant price movement has been observed in Goldstone Technologies 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. Goldstone Technologies Limited has vide its letter inter-alia stated, "We wish to clarify that there is no announcements made by us and also there is no price sensitive information, which is having bearing on the price/volume scrip of our company."

Press Release No. 3

Market-wide Position Limit in HDIL

The derivative contracts in the underlying HDIL have crossed 95% of the market-wide position limit on Jun 21, 2013. It is hereby informed that all clients/ members shall trade in derivative contracts of HDIL by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.