November 26, 2012

 

Press Release No. 1

Announcement

 

Mr. Ravi Narain is presently on the Board of NSE as Managing Director & CEO and his current tenure will end on March 31, 2013. Mr. Ravi Narain was the Deputy MD of the NSE for the first 6 years, from the exchange’s inception and the Managing Director and CEO for over 12 years. The Board had been engaged with Mr. Ravi Narain over a period of time regarding a further tenure. However, he has been indicating his inability to the Board to accept any further extension of his tenure.

 

The Board at its meeting today approved the appointment of Ms. Chitra Ramkrishna as MD and CEO (Designate). Ms. Chitra Ramkrishna will take charge as Managing Director & CEO with effect from April 1, 2013 for a period of five years. Ms. Chitra Ramkrishna has been with NSE since inception and currently serves as the Joint Managing Director. The Board also elected Mr. Ravi Narain as Vice Chairman (designate). The Vice-Chairmanship in non-executive capacity will be effective from April 1, 2013. In his capacity as Vice Chairman, he will continue on the Board of NSE.

 

Mr. Ravi Narain will continue to serve on the Board of the World Federation of Exchanges and as Chairman of its Working Committee.

 

 

Press Release No. 2

National Stock Exchange organizes the first Investothon in Bhubaneshwar on November 25

 

·        Investor run is a unique initiative to create awareness among investors

 

After a series of successful investor runs in different metros in India, India’s leading stock exchange, the National Stock exchange (NSE), took the Investothon initiative to a prominent tier two city, Bhubaneshwar, on the 25th of November.

 

NSE has been organizing the Investothon in different cities, in partnership with CNBC TV18 Group, to create awareness among investors about the do’s and don’ts of trading, on the value of investing and on products which are ideally suited for retail investors. Through such initiatives, NSE is trying to encourage investors to invest in productive assets for financial well-being and a more secure future.

 

The people of Bhubaneshwar turned out in large numbers on Sunday morning, for the exciting investor run, which started from Sandy’s Tower near the iconic Xavier Institute of Management. There were three races in the Investothon, which were denoted by a different colour and name, depending on the distance of the run. The first, a two kilometer race on the Chandrashekhar road, was represented by the colour Red, denoting 'Power'. The second race, a distance of three kilometers was represented by the colour Yellow, denoting 'Health' and a run of four kilometers, represented the colour Green, symbolic for ‘Wealth’.

 

The run was flagged off in the presence of Mr. Subrat Tarai, Minister of State of Transport and Commerce, Mr. Ananta Narayan Jena, Mayor of Bhubaneshwar, investors, Corporates, market intermediaries and NSE officials.

 

Seen as one of the fastest developing cities, the temple city of Bhubaneshwar is a classic blend of culture and modernity. Over the years, not only has the city grown because of the heavy tourist traffic, enroute to Puri and Konark, it has also become a major Information technology hub.

 

The government’s initiatives to develop IT parks and IT investment regions have contributed significantly to this area’s growth. Today Bhubaneshwar is rated, by the World Bank as the third most attractive Indian city to do business in.

 

Joint MD of NSE, Ms. Chitra Ramkrishna said, "Bhubaneshwar has many avatars, it’s a centre of education, of culture and of business and industry. We would like to use the Investothon to create awareness among small investors and industry, on opportunities available for growing their investments and expanding their enterprises."

 

Mr. Anil Uniyal, CEO, CNBC TV18 & CNBC Awaaz, said, "Aggressive and judicious financial planning and wealth management is crucial as India’s economy is poised for a big leap. CNBC-TV18 over the years has earned the recognition as one of the most trusted financial advocacy to guide Indian investors and member brokers in their investment planning and management. Through our partnership with NSE for ‘Investothon 2012’ we aspire to extend the significance of investor empowerment and strengthen their confidence."

 

In recent years, awareness drives have focused on products for retail investors like Gold exchange traded funds and Nifty exchange traded funds, which are cost effective and transparent options to invest in gold and NSE’s benchmark index, Nifty 50 respectively.

 

NSE has been also conducting courses on savings and investments, through a number of tie ups with schools and colleges. A popular short duration course on the markets called the NSE Certified Capital Market Professional or the NCCMP is being run in more than 90 colleges in India. In Bhubaneshwar, this course is being conducted at the Srusti academy of management.

 

The first Investothon was started, in partnership with CNBC in Mumbai in March last year. This was followed by investor runs at Delhi, Chennai, Ahmedabad, Kolkata and Indore, each of which saw a very large participation from the investor community and market intermediaries.

 

NSE is the largest exchange globally by the number of trades in the equity market. The exchange plans to take the Investothon initiative to other tier two and tier three cities, like Kochi and Rajkot.

 

 

Press Release No. 3

News about Jet Airways (India) Limited

 

The media had reports that Jet Airways (India) Limited may sell its stake to Etihad Airways.

 

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.

 

Jet Airways (India) Limited has vide its letter inter-alia stated, “The company cannot comment on such speculative reports."

 

 

Press Release No. 4

Clarification by Eros International Media Limited

 

Substantial increase in trading volumes have been observed in Eros International Media 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.

 

Eros International Media Limited has vide its letter inter-alia stated, "We are not aware about the reason for spurt in the volume of our security and confirm that there are no activities in the recent past which are outside the normal course of business. It may please be noted that there are no corporate actions or significant events/information bearing on the operations/performance of the Company including the price sensitive information etc.”

 

 

Press Release No. 5

News about Rama Newsprint and Papers Limited and West Coast Paper Mills Limited

 

The media had reports that Rama Newsprint and Papers Limited and West Coast Paper Mills Limited’s promoters are planning to sell its stake.

 

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.

 

Rama Newsprint and Papers Limited has vide its letter inter-alia stated, "We would like to inform that as far as we know there is no such proposal on the part of the promoters."

 

West Coast Paper Mills Limited has vide its letter inter-alia stated, "We would like to inform that as far as we know there is no such proposal on part of the promoter."

 

 

Press Release No. 6

Market-wide Position Limit in PANTALOONR

 

The derivative contracts in the underlying PANTALOONR have crossed 95% of the market-wide position limit on November 26, 2012. It is hereby informed that all clients/ members shall trade in derivative contracts of PANTALOONR by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.