MEDIA COVERAGE
On
“BSE to invest Rs. 150 cr. to set up an international exchange”
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Online Coverage On
“BSE to establish India’s first International Exchange at Country’s first IFSC at GIFT City”
No. Website URL http://economictimes.indiatimes.com/markets/stocks/news/bse-to-invest-rs- 1 The Economic Times
150-crore-to-set-up-an-international-exchange/articleshow/45851565.cms http://www.business-standard.com/article/pti-stories/bse-to-invest-rs-150-cr- 2 Business Standard
to-set-up-an-international-exchange-115011200371_1.html http://www.livemint.com/Politics/PMJx4Cl8yd53LwG29JA5LN/BSE-to-invest- 3 Mint
Rs150-crore-to-develop-international-exchange.html http://www.thehindubusinessline.com/markets/stock-markets/bse-to-invest- 4 The Hindu Business Line rs-150-cr-establish-indias-first-global-exchange-at- gandhinagar/article6775528.ece http://www.thehindu.com/business/markets/bse-to-set-up-international- 5 The Hindu exchange-in-gujarat/article6780871.ece http://www.dailypioneer.com/nation/bse-to-set-up-global--exchange-in- 6 The Pioneer gujarat.html http://www.newindianexpress.com/business/news/GIFT-City-Best-Bet-for-Rs- 7 The New Indian Express 150-cr-Investment/2015/01/13/article2617343.ece http://www.afternoondc.in/business/bse-to-establish-first-international- 8 Afternoon D&C exchange-at-gujarats-gift-city/article_129139 http://www.firstpost.com/business/bse-invest-rs-150-cr-set-international- 9 Firstpost exchange-gujarat-2041325.html http://profit.ndtv.com/news/market/article-bse-to-invest-rs-150-cr-to-set-up- 10 NDTV international-exchange-726129 http://www.indiainfoline.com/article/news-top-story/bse-plans-to-invest-rs- 11 India Infoline 150-crore-in-gujarat-reports-115011200192_1.html http://www.bhaskar.com/news/MARK-STMF-bse-to-set-up-an-international- 12 Dainik Bhaskar exchange-in-gujarat-4871136-NOR.html http://www.patrika.com/news/bse-to-set-up-first-international-exchange-in- 13 Patrika gift-city/1071243 http://www.moneylife.in/article/bse-to-invest-rs150-crore-for-setting-up- 14 Moneylife international-exchange-in-gujarat/40128.html http://www.rediff.com/money/report/bse-to-invest-rs-150-cr-to-set-up-an- 15 Rediff international-exchange/20150112.htm http://zeenews.india.com/business/news/finance/bse-to-invest-rs-150-cr-to- 16 Zee News set-up-an-international-exchange_116157.html 17 State Times http://news.statetimes.in/bse-invest-rs-150-cr-set-international-exchange/
THE ECONOMIC TIMES http://economictimes.indiatimes.com/markets/stocks/news/bse-to-invest-rs-150-crore-to-set-up- an-international-exchange/articleshow/45851565.cms
BSE to invest Rs 150 crore to set-up an international exchange
NEW DELHI: Leading bourse BSE today said it will invest Rs 150 crore to set-up an international exchange in Gujarat.
This exchange will be set up in GIFT City, which is being developed by Gujarat government as the country's first international financial services centre (IFSC).
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors. BSE signed a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) SEZ Ltd at the Vibrant Gujarat Global Summit earlier in the day.
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
BSE along with its associates and members will invest upto Rs 150 crore to set up this international exchange.
The new exchange will also help global companies raise finance from other overseas investors. "This will help India to compete with other destinations making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at around Rs 200 crore.
BUSINESS STANDARD http://www.business-standard.com/article/pti-stories/bse-to-invest-rs-150-cr-to-set-up-an- international-exchange-115011200371_1.html
BSE to invest Rs 150 cr to set up international exchange in Gujarat New exchange will also help global companies raise finance from other overseas investors
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
BSE, along with its associates and members, will invest upto Rs 150 crore to set up this international exchange.
The new exchange will also help global companies raise finance from other overseas investors.
"This will help India to compete with other destinations making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave. BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at be about Rs 200 crore.
The Bombay Stock Exchange today said it will invest Rs 150 crore to set-up an international exchange in Gujarat.
This exchange will be set up in Gujarat International Finance Tec-City (GIFT), which is being developed by Gujarat government as the country's first international financial services centre (IFSC).
The new exchange will provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE signed a memorandum of understanding (MoU) with GIFT SEZ Ltd at the Vibrant Gujarat Global Summit earlier today.
MINT http://www.livemint.com/Politics/PMJx4Cl8yd53LwG29JA5LN/BSE-to-invest-Rs150-crore-to- develop-international-exchange.html
BSE to invest Rs. 150 cr to develop international exchange in Gujarat’s GIFT The exchange provides a fillip to the prospects of GIFT, which is being projected as first of the 100 smart cities in India
Ahmedabad: BSE Ltd on Monday said will invest Rs.150 crore in creating an international exchange in a special economic zone (SEZ) being developed as the country’s first International Financial Services Centre (IFSC) by Gujarat International Finance Tec-City Co. Ltd (GIFT).
The exchange, which will “provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives by international investors,” according to a statement by GIFT, provides a fillip to the prospects of GIFT, one of Prime Minister Narendra Modi’s pet projects when he was chief minister of Gujarat, and now projected as the first of 100 smart cities the government plans to build across India.
The exchange also works towards moving the centre of gravity of key trading segments back to India. The statement, issued by GIFT, says: “In the absence of an IFSC in India, India has lost roughly 50% market share in the two most important India-related products: with rupee and Index being mostly traded on foreign platforms instead of onshore trading in such products.”
GIFT, an equal joint venture between Infrastructure Leasing and Financial Services Ltd and state government-owned Gujarat Urban Development Co. Ltd (GUDC), has seen a lot of interest from investors in the past six months and the first phase of the project has been sold out, according to R.K. Jha, managing director of the company.
GIFT plans to build 12 million sq. ft of space in the first phase of the Rs.78,000-crore project, of which about 1.2 million sq. ft has been constructed. “GIFT City project has taken off, thanks to some of proactive steps taken by the new government in financial services sector such as chalking out guidelines for setting up International Financial Services Centre at GIFT City, a matter which was pending for quite some years,” said Jha.
About 250 of the 880 acres of land for GIFT has been earmarked for an SEZ dedicated for financial services, which is what will serve as the country’s first IFSC.
The finance ministry will likely announce shortly—maybe in the national budget in February or perhaps even before it—guidelines for IFSCs, which could facilitate offshore banking, currency convertibility and incentives to insurance and other financial services companies to operate from the SEZ.
“It is in the process and there will be an announcement soon,” said Hasmukh Adhia, financial services secretary in the Union finance ministry. He did not specify a specific time.
Saurabh Patel, Gujarat’s finance minister, said in a statement last month that “the development of GIFT City will transform the state of Gujarat and India as a whole and create large number of jobs.”
GIFT City recently found a place in KPMG International’s latest Infrastructure 100: World Markets Report, which highlights key trends driving infrastructure investments across the globe.
“The US $20 billion mega GIFT City project combines state-of-the-art connectivity, infrastructure and transportation with sustainable, environmentally sensitive growth. Although only two of the planned buildings have been constructed, new Indian PM Narendra Modi backs the initiative, which is designed to change the way India thinks about contemporary urban planning,” the report said.
Factors such as the size, feasibility, complexity, impact on society and innovation were taken into account while identifying top 100 infrastructure projects for report, said Arvind Mahajan, head of government and infrastructure, KPMG India.
The BSE Brokers’ Forum, an association of brokers who trade on the exchange and hold almost 40% equity in it, is setting up its back office operations at GIFT at an estimated cost of Rs.200 crore. The decision seems to have been prompted by high real estate prices in Mumbai and inadequate infrastructure in the city that is India’s commercial capital.
State Bank of India, Bank of Baroda, Bank of India, Syndicate Bank, Corporation Bank and HDFC Bank Ltd have taken space in GIFT, which also includes retail, residential and educational developments.
THE HINDU BUSINESSLINE http://www.thehindubusinessline.com/markets/stock-markets/bse-to-invest-rs-150-cr-establish- indias-first-global-exchange-at-gandhinagar/article6775528.ece
BSE to invest Rs. 150 cr, establish India’s first global exchange at Gandhinagar
The Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, will establish an international exchange in GIFT SEZ-IFC, a multi-services Special Economic Zone (SEZ) being developed as the country’s first International Financial Services Centre (IFSC) by Gujarat International Finance Tec-City Company Ltd (GIFTCL), in Gandhinagar.
The BSE signed a memorandum of understanding (MoU) with GIFT SEZ Ltd, a wholly-owned subsidiary of GIFTCL, at the Vibrant Gujarat Global Summit here on Saturday.
The BSE intends to develop an international exchange providing electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives by international investors in GIFT SEZ-IFSC in GIFT City, subject to necessary approvals and operating guidelines for IFC, Ramakant Jha, Managing Director and CEO, GIFTCL, said.
As per the MoU, the BSE, along with its associates and members, will invest up to Rs. 150 crore for establishing up to a 3 lakh square feet built-up area (BUA) to set up this international exchange. GIFT SEZ has been notified as an International Financial Services Centre (IFSC) by the Government of India as the country’s first IFC.
In the absence of an IFSC in India, India has lost roughly 50% market share in the two most important India-related products, with Rupee and Index being mostly traded on foreign platforms instead of onshore trading in such products. For instance, the trading volume of the rupee and India-based indices is estimated at over $100 billion a day. Overseas venues like SGX (Singapore), DGCX (Dubai) and CME (Chicago, and worldwide), and the global OTC and NDF markets, have been very successful in this trading.
If even a small slice of this trading comes back to India through the international exchange, it would be a substantial achievement. It will also help international companies raise finance from other global investors within the IFC which can compete on rules, regulations and ease of business with other IFCs such as Hong Kong, Singapore, Dubai and London.
Jha said BSE’s international exchange at GIFT City is a major step in making India’s first IFSC into a global financial hub. “Our aim is to make GIFT at or above par with globally benchmarked financial centres such as Shinjuku-Tokyo, Lujiazui-Shanghai, La Defense-Paris and London Dockyards.”
Ashish Chauhan, MD & CEO, BSE, said this will help India compete with other destinations and allow Indian and international companies making GIFT as one of the foremost IFCs.
Earlier, BSE Brokers’ Forum, the association of BSE brokers, had entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave. The Forum has been allotted 4.5 lakh square feet of development rights with total investment expected at around Rs. 200 crore.
THE HINDU http://www.thehindu.com/business/markets/bse-to-set-up-international-exchange-in- gujarat/article6780871.ece
BSE to set up international exchange in Gujarat
The Bombay Stock Exchange (BSE) on Monday said it will invest Rs 150 crore to set up an international exchange in Gujarat.
This exchange will be set up in GIFT City, which is being developed by Gujarat government as the country’s first international financial services centre (IFSC).
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE signed a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) SEZ Ltd at the Vibrant Gujarat Global Summit.
As per the agreement, “BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services special economic zone (SEZ) being developed as India’s first international financial services centre by Gujarat International Finance Tec-City Company Ltd.”
“This will help India to compete with other destinations ... making GIFT as one of the foremost International financial centres in the world such as Hong Kong, Singapore, Dubai and London,” BSE Managing Director and CEO Ashish Chauhan said in a statement.
THE PIONEER http://www.dailypioneer.com/nation/bse-to-set-up-global--exchange-in-gujarat.html
BSE TO SET UP GLOBAL EXCHANGE IN GUJARAT
Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, will establish an international exchange in GIFT SEZ-IFC, a multi-services Special Economic Zone (SEZ) being developed as India’s first International Financial Services Centre (IFSC) by Gujarat International Finance Tec-City, popularly known as GIFT.
BSE signed a memorandum of understanding (MoU) with GIFT SEZ Ltd, a wholly-owned subsidiary of GIFT at the Vibrant Gujarat Global Summit on Monday. BSE intends to develop an international exchange providing electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives by International investors in GIFT SEZ-IFSC in GIFT City subject to necessary approvals and operating guidelines for International Financial Centre.
As per the MoU, BSE along with its associates and members will invest up to Rs 150 crore for establishing up to a 3 lakh square feet built-up area (BUA) to set up this International Exchange. GIFT SEZ has been notified as an International Financial Services Centre by Government of India as India’s first International Financial Centre. In the absence of an IFSC in India, India has lost roughly 50 per cent market share in the two most important India-related products: with Rupee and Index being mostly traded on foreign platforms instead of onshore trading in such products. For instance, the trading volume of the rupee and India-based indices is estimated at over $100 billion a day.
“BSE’s International Exchange at GIFT City is a major step in making India’s first IFSC into a Global Financial Hub. Our aim is to make GIFT at or above par with globally benchmarked financial centres such as Shinjuku-Tokyo, Lujiazui-Shanghai, La Defense-Paris and London Dockyards,” said Ramakant Jha, MD & Group CEO of GIFT.
Earlier, BSE Brokers’ Forum, the association of BSE brokers, entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave. BSE Brokers’ Forum has been allotted 4.5 lakh square feet of Development Rights with total investment expected at around Rs200 crore. Gujarat International Finance Tec-City (GIFT), a Government of Gujarat Project in partnership with IL&FS, is India’s First Global Financial Hub. GIFT is India’s first multi-service SEZ with International Financial Service Centre (IFSC) status.
THE NEW INDIAN EXPRESS http://www.newindianexpress.com/business/news/GIFT-City-Best-Bet-for-Rs-150-cr- Investment/2015/01/13/article2617343.ece
GIFT City Best Bet for Rs 150 cr Investment
MUMBAI: The Bombay Stock Exchange (BSE) plans to invest Rs 150 crore to set up an international exchange in Gujarat International Finance Tec-City Co (GIFT). GIFT is being developed by the state government as a smart city and as the country’s first International Financial Services Centre (IFC).
BSE plans to develop a global exchange to provide e-platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies and other classes of assets and derivatives by international investors. BSE signed an agreement with GIFT SEZ Ltd, a unit of GIFT, on Monday.
Asia’s oldest exchange plans to set up three lakh square feet built up area for the modern exchange at the city currently being built. The city has been notified by the centre as India’s first international financial centre.
An absence of an International finance centre in the country has meant losing half of its market share in trading in the Indian rupee and stocks index, which is currently being done from overseas markets, instead of onshore trading.
The BSE in its statement said trading volume of the rupee and India based indices is estimated at over $100 billion a day. Overseas venues like SGX (in Singapore), DGCX (in Dubai) and CME (in Chicago, and worldwide), and the global OTC and NDF markets, have been very successful in this trading.
AFTERNOON D&C http://www.afternoondc.in/business/bse-to-establish-first-international-exchange-at-gujarats-gift- city/article_129139
BSE To Establish First International Exchange At Gujarat's GIFT City
The Bombay Stock Exchange (BSE) will establish an International Exchange in GIFT SEZ-IFC, a multi- services Special Economic Zone (SEZ) being developed as India’s first International Financial Services Centre (IFSC) by the Gujarat International Finance Tec-City Company Ltd (GIFTCL).
In this regard, the BSE signed a memorandum of understanding (MoU) with GIFT SEZ Ltd, a wholly- owned subsidiary of GIFTCL at the Vibrant Gujarat Global Summit earlier yesterday. The premier exchange intends to develop an International Exchange providing electronic platform for facilitating trading, clearing and settlement of securities, commodities, interest rates, currencies, other classes of assets and derivatives by International investors subject to receiving necessary approvals and operating guidelines for International Financial Centre.
As per the MoU, the BSE along with its associates and members will invest upto Rs. 150 crore for establishing a 3 lakh square feet built-up area (BUA) to set up this International Exchange. GIFT SEZ has been notified as an International Financial Services Centre by the Government of India as India’s first International Financial Centre.
In the absence of an IFSC in India, the country has roughly lost 50% market share in the two most important India-related products: with Rupee and Index being mostly traded on foreign platforms instead of onshore trading in such products. For instance, the trading volume of the rupee and India based indices is estimated at over USD 100 billion a day. Overseas venues like SGX (in Singapore), DGCX (in Dubai) and CME (in Chicago, and worldwide), and the global OTC and NDF markets, have been very successful in this trading.
By establishing an International Exchange, even if a small slice of this trading comes back to India it would be a substantial achievement for India. It will also help international companies raise finance from other international investors within the International Finance Centre which can compete on rules, regulations and ease of business with other International Finance Centres such as Hong Kong, Singapore, Dubai and London.
Ramakant Jha, MD & Group CEO, GIFT Company Ltd said, “BSE’s International Exchange at GIFT City is a major step in making India’s first IFSC into a Global Financial Hub. This agreement has further
strengthened our bond with one of the world’s oldest stock exchange. Our aim is to make GIFT at or above par with globally bench-marked financial centres such as Shinjuku-Tokyo, Lujiazui-Shanghai, La Defense-Paris and London Dockyards.”
Ashish Chauhan, MD & CEO, BSE said, the “BSE is taking a lead in bringing International standards in India, in technology, compliance, corporate governance, promoting SMEs, creation and trading of sustainable and other indices, including the oldest and most popular India based Index, the S&P BSE Sensex. This will help India to compete with other destinations and allow Indian and international companies, making GIFT as one of the foremost International Financial centres in the World such as Hong Kong, Singapore, Dubai and London.”
Earlier, BSE Brokers’ Forum, the association of BSE brokers, entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave. BSE Brokers’ Forum has been allotted 4.5 lakh square feet of Development Rights with total investment expected at around Rs 200 crore.
FIRSTPOST http://www.firstpost.com/business/bse-invest-rs-150-cr-set-international-exchange-gujarat- 2041325.html
BSE to invest Rs 150 cr to set-up an international exchange in Gujarat
New Delhi: Leading bourse BSE today said it will invest Rs 150 crore to set-up an international exchange in Gujarat.
This exchange will be set up in GIFT City, which is being developed by Gujarat government as the country's first international financial services centre (IFSC).
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors. BSE signed a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) SEZ Ltd at the Vibrant Gujarat Global Summit earlier in the day.
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
BSE along with its associates and members will invest upto Rs 150 crore to set up this international exchange.
The new exchange will also help global companies raise finance from other overseas investors.
"This will help India to compete with other destinations ... making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at around Rs 200 crore.
NDTV http://profit.ndtv.com/news/market/article-bse-to-invest-rs-150-cr-to-set-up-international- exchange-726129
BSE to Invest Rs 150 Cr to Set Up International Exchange Leading bourse BSE today said it will invest Rs 150 crore to set-up an international exchange in Gujarat.
This exchange will be set up in GIFT City, which is being developed by Gujarat government as the country's first international financial services centre (IFSC).
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE signed a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) SEZ Ltd at the Vibrant Gujarat Global Summit earlier in the day.
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
BSE along with its associates and members will invest upto Rs 150 crore to set up this international exchange.
The new exchange will also help global companies raise finance from other overseas investors.
"This will help India to compete with other destinations ... making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at around Rs 200 crore.
INDIA INFOLINE http://www.indiainfoline.com/article/news-top-story/bse-plans-to-invest-rs-150-crore-in-gujarat- reports-115011200192_1.html
BSE plans to invest Rs 150 crore in Gujarat The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors, says report.
Leading bourse BSE reportedly said that it is planning to invest Rs 150 crore to set-up international exchange in Gujarat.
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors, says report.
This exchange will be set up in GIFT City.
BSE signed a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) SEZ Ltd at the Vibrant Gujarat Global Summit.
DAINIK BHASKAR http://www.bhaskar.com/news/MARK-STMF-bse-to-set-up-an-international-exchange-in-gujarat- 4871136-NOR.html
BSE गुजरात मᴂ पहऱा अंतरराष्ट्रीय ए啍सचᴂज बनाएगा
फ 車फे टॉक ए啍सचᴂज गग굍ट (गुजय त इ車टयनेशनर प इनᴂस टेक) के तहत ब यत क ऩहर अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत कयेग । फीएसई ने इस स車फ車ध भᴂ गग굍ट पिशेष आगथिक ऺेत्र ( SEZ) गरगभटेड के स थ स तिᴂ ि इब्रᴂट गुजय त िैश्विक गनिेशक स륍भेरन भᴂ MoU ककम । कय य के तहत BSE अऩने सहमोगगमⴂ तथ सदमⴂ के स थ 150 कयोड़ 셁ऩए क गनिेश कयेग । अ車तयय ष्ट्रीम ए啍सचᴂज तीन र ख िगि पीट ऺेत्र भᴂ थ पऩत की ज एगी। कᴂद्र सयक य ने गग굍ट SEZ को अ車तयय ष्ट्रीम पित्तीम सेि केन्द्द्र (IFSC) के 셂ऩ भᴂ अगधसूगचत ककम है।
भारत की वित्त ऺेत्र मᴂ पैठ बढेगी ब यत भᴂ IFSC के नह 車 होने के क यण ब यत ने दो अहभ ब यत स車फ車गधत उ配ऩ द भᴂ कय फ 50 पीसद फ ज य कहस खोम है। गग굍ट गसट भᴂ अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत कयन ब यत के गरए क पी भह配िऩूूूणि सपरत होगी। इससे अ車तयय ष्ट्रीम क車ऩगनमⴂ को अन्द्म अ車तयय ष्ट्रीम गनिेशकⴂ से पित्तीम उग ह भᴂ भदद गभरेगी। इस क यण
इसे ह 車गक 車ग, गस車ग ऩुय, दफु ई ि र車दन जैसे अन्द्म अ車तयय ष्ट्रीम पित्तीम कᴂद्रⴂ से ट啍कय गभरेगी। गग굍ट क車ऩनी गरगभटेड के MD ि ग्रुऩ CEO यभ क 車त झ ने कह कक BSE क गग굍ट गसट भᴂ अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत कयन ब यत के ऩहरे IFSC को िैश्विक पित्तीम केन्द्द्र फन ने भᴂ एक अहभ कदभ है।
भारत देगा बडे फाइनᴂशियऱ देिⴂ को कड़ी ट啍कर मह सभझौत पिि के सफसे ऩुय ने टॉक ए啍सचᴂज के स थ हभ ये स車फ車ध की भजफूती को कदख त है। हभ य रक्ष्म गग굍ट गसट को टोककमो के गश車जुकू , ऩेरयस के र कडपेन्द्स तथ र車दन डॉकम डि जैस िैश्विक तय म पित्तीम केन्द्द्र फन न है। फीएसई के एभड ि सीईओ आशीष च 핍ह ण ने कह कक BSE ब यत भᴂ तकनीकी, कॉयऩोयेट, श सन, एसएभई को फढ ि देने जैसे कई ऺेत्रⴂ भᴂ अ車तयय ष्ट्रीम तय फन ने भᴂ नेतृ配ि कय यह है। इससे ऩहरे फीएसई ब्रोकसि पोयभ ने गग굍ट गसट के स थ घयेरू पित्त ऺेत्र भᴂ अऩने स車च रन के गरए सभझौत ककम है, श्वजसके गरए कय फ 200 कयोड़ क गनिेश ककम गम । इसके गरए 4.5 र ख िगि पीट की जगह द गई है।
PATRIKA http://www.patrika.com/news/bse-to-set-up-first-international-exchange-in-gift-city/1071243
शग굍ट शसट़ी मᴂ बीएसई थावपत करेगा पहऱा अंतरराष्ट्रीय ए啍सचᴂज
ग 車धीनगय । फ 車फे टॉक ए啍सचᴂज (फीएसई) गग굍ट (गुजय त इ車टयनेशनर प इनᴂस टेक) गसट भᴂ ब यत क ऩहर अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत कयेग । फीएसई ने इस स車फ車ध भᴂ गग굍ट पिशेष आगथिक ऺेत्र (एसईजेड) गरगभटेड के स थ स तिᴂ ि इब्रᴂट गुजय त िैश्विक गनिेशक स륍भेरन भᴂ एभओमू ककम । एभओमू के तहत फीएसई अऩने सहमोगगमⴂ तथ सदमⴂ के स थ डेढ सौ कयोड़ 셂ऩए क गनिेश कयेग । तीन र ख िगि पीट ऺेत्र भᴂ मह अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत ककम ज एग । केन्द्द्र सयक य ने गग굍ट एसईजेड को अ車तयय ष्ट्रीम पित्तीम सेि केन्द्द्र (आईएपएससी) के 셂ऩ भᴂ अगधसूगचत ककम है।
ब यत भᴂ आईएपएससी के नह 車 होने के क यण ब यत ने दो अहभ ब यत स車फ車गधत उ配ऩ द भᴂ कय फ 50 पीसद फ ज य कहस खोम है। गग굍ट गसट भᴂ अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत कयन ब यत के गरए क पी भह配िऩूूूणि सपरत होगी। इससे अ車तयय ष्ट्रीम क車ऩगनमⴂ को अन्द्म अ車तयय ष्ट्रीम गनिेशकⴂ से पित्तीम उग ह भᴂ भदद गभरेगी।
इस क यण इसे ह 車गक 車ग, गस車ग ऩुय, दफु ई ि र車दन जैसे अन्द्म अ車तयय ष्ट्रीम पित्तीम केन्द्द्रⴂ से ट啍कय गभरेगी। गग굍ट क車ऩनी गरगभटेड के एभड ि ग्रुऩ सीईओ यभ क 車त झ ने कह कक फीएसई क गग굍ट गसट भᴂ अ車तयय ष्ट्रीम ए啍सचᴂज थ पऩत कयन ब यत के ऩहरे आईएपएससी को िैश्विक पित्तीम केन्द्द्र फन ने भᴂ एक अहभ कदभ है।
मह सभझौत पिि के सफसे ऩुय ने टॉक ए啍सचᴂज के स थ हभ ये स車फ車ध की भजफूती को कदख त है। हभ य रक्ष्म गग굍ट गसट को टोककमो के गश車जुकू , ऩेरयस के र कडपेन्द्स तथ र車दन डॉकम डि जैस िैश्विक तय म पित्तीम केन्द्द्र फन न है। फीएसई के एभड ि सीईओ आगशष चौह ण ने कह कक फीएसई ब यत भᴂ तकनीकी, कॉयऩोयेट, श सन, एसएभई को फढ ि देने जैसे कई ऺेत्रⴂ भᴂ अ車तयय ष्ट्रीम तय फन ने भᴂ नेतृ配ि कय यह है। इससे ऩहरे फीएसई ब्रोकसि पोयभ ने गग굍ट गसट के स थ घयेरू पित्त ऺेत्र भᴂ अऩने स車च रन के गरए सभझौत ककम है, श्वजसके गरए कय फ 200 कयोड़ क गनिेश ककम गम । इसके गरए 4.5 र ख िगि पीट की जगह द गई है।
MONEYLIFE http://www.moneylife.in/article/bse-to-invest-rs150-crore-for-setting-up-international-exchange- in-gujarat/40128.html
BSE to invest Rs150 crore for setting up international exchange in Gujarat BSE, along with its associates and members, would invest up to Rs150 crore to set up an international exchange that will help global companies raise funding from other overseas investors
The BSE (erstwhile Bombay Stock Exchange), the country's oldest stock exchange on Monday said it will set-up an international exchange in Gujarat with an investment of Rs150 crore.
This exchange will be set up in Gujarat International Finance Tec-City (GIFT) being developed by Gujarat government as the country's first international financial services centre (IFSC). BSE, along with its associates and members, will invest upto Rs150 crore to set up this international exchange. The new exchange will also help global companies raise finance from other overseas investors.
"This will help India to compete with other destinations ... Making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
The new exchange will provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE had signed a memorandum of understanding (MoU) with GIFT SEZ Ltd at the Vibrant Gujarat Global Summit. As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services special economic zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at be about Rs200 crore.
REDIFF http://www.rediff.com/money/report/bse-to-invest-rs-150-cr-to-set-up-an-international- exchange/20150112.htm
BSE to invest Rs 150 cr to set-up an international exchange The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
Leading bourse Bombay Stock Exchange on Friday said it will invest Rs 150 crore (Rs 1.5 billion) to set- up an international exchange in Gujarat.
This exchange will be set up in GIFT City, which is being developed by Gujarat government as the country's first international financial services centre.
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE signed a memorandum of understanding with Gujarat International Finance Tec-City SEZ Ltd at the Vibrant Gujarat Global Summit earlier in the day.
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services special economic zone being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
BSE along with its associates and members will invest upto Rs 150 crore (Rs 1.5 billion) to set up this international exchange. The new exchange will also help global companies raise finance from other overseas investors.
"This will help India to compete with other destinations . . . making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE managing director and chief executive officer Ashish Chauhan said in a statement.
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at around Rs 200 crore (Rs 2 billion).
ZEE NEWS http://zeenews.india.com/business/news/finance/bse-to-invest-rs-150-cr-to-set-up-an- international-exchange_116157.html
BSE to invest Rs 150 cr to set-up an international exchange
New Delhi: Leading bourse BSE Monday said it will invest Rs 150 crore to set-up an international exchange in Gujarat.
This exchange will be set up in GIFT City, which is being developed by Gujarat government as the country's first international financial services centre (IFSC).
The new exchange will provide electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE signed a memorandum of understanding (MoU) with Gujarat International Finance Tec-City (GIFT) SEZ Ltd at the Vibrant Gujarat Global Summit earlier in the day.
As per the agreement, "BSE will establish an international exchange in GIFT SEZ-IFC, multi-services Special Economic Zone (SEZ) being developed as India's first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd."
BSE along with its associates and members will invest upto Rs 150 crore to set up this international exchange.
The new exchange will also help global companies raise finance from other overseas investors.
"This will help India to compete with other destinations ... Making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London," BSE Managing Director and CEO Ashish Chauhan said in a statement.
Earlier, BSE Brokers' Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers' Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at around Rs 200 crore.
STATE TIMES http://news.statetimes.in/bse-invest-rs-150-cr-set-international-exchange/
BSE to invest Rs 150 cr to set-up an international exchange
BSE, along with its associates and members, would invest up to Rs150 crore to set up an international exchange that will help global companies raise funding from other overseas investors
The BSE (erstwhile Bombay Stock Exchange), the country’s oldest stock exchange on Monday said it will set-up an international exchange in Gujarat with an investment of Rs150 crore.
This exchange will be set up in Gujarat International Finance Tec-City (GIFT) being developed by Gujarat government as the country’s first international financial services centre (IFSC).
BSE, along with its associates and members, will invest upto Rs150 crore to set up this international exchange. The new exchange will also help global companies raise finance from other overseas investors.
“This will help India to compete with other destinations … Making GIFT as one of the foremost International Financial centres in the world such as Hong Kong, Singapore, Dubai and London,” BSE Managing Director and CEO Ashish Chauhan said in a statement.
The new exchange will provide an electronic platform for facilitating trading, clearing and settlement of securities, commodities, currencies, other classes of assets and derivatives by international investors.
BSE had signed a memorandum of understanding (MoU) with GIFT SEZ Ltd at the Vibrant Gujarat Global Summit. As per the agreement, “BSE will establish an international exchange in GIFT SEZ-IFC, a multi-services special economic zone (SEZ) being developed as India’s first International Financial Services Centre by Gujarat International Finance Tec-City Company Ltd.”
Earlier, BSE Brokers’ Forum entered into an agreement with GIFT City for setting up their operations and shifting their back-end operations in the domestic finance enclave.
BSE Brokers’ Forum has been allotted 4.5 lakh square feet of development rights with total investments expected at be about Rs 200 crore.