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.