Latest news with #NSEInternationalExchange
Business Standard
6 days ago
- Business
- Business Standard
Prime Minister welcomes launch of India-Greece-Cyprus Business and Investment Council
Prime Minister Narendra Modi along with the President of Cyprus, H.E. Nikos Christodoulides recently held a Roundtable interaction with business leaders from Cyprus and India in Limassol. The participants represented diverse sectors such as banking, financial institutions, manufacturing, defence, logistics, maritime, shipping, technology, innovation, digital technologies, AI, IT services, tourism and mobility. Highlighting India's rapid economic transformation in the last 11 years, Prime Minister noted that India, propelled by next-generation reforms, policy predictability, stable polity and Ease of Doing Business, has become the fastest growing major economy in the world. Emphasizing on the primacy being given to innovation, digital revolution, start-up and futuristic infrastructure development, he expressed confidence that India, the fifth largest economy in the world, was well positioned to become the third largest in a few years' time. He noted that steady growth in India's civil aviation, port, shipbuilding, digital payments and green development sectors have opened myriad opportunities for companies from Cyprus to partner with India. Prime Minister noted that Cyprus was a significant economic partner for India, particularly in the Foreign Direct Investment sector and welcomed the keen interest in Cyprus for new investments into the Indian economy. Highlighting the potential for business engagement in the financial services sector, the two leaders welcomed the signing of an MOU between NSE International Exchange GIFT CITY, Gujarat and Cyprus Stock Exchange. NIPL (NPCI International Payments Limited) and the Eurobank Cyprus reached an understanding on introducing UPI for cross border payments between the two countries which would benefit tourists and businesses. Prime Minister also welcomed the launch of the India-Greece-Cyprus (IGC) Business and Investment Council.
Business Standard
6 days ago
- Business
- Business Standard
NSE IX and Cyprus Stock Exchange ink strategic MoU
NSE International Exchange (NSE IX), based in GIFT City, Gandhinagar, has signed a Memorandum of Understanding (MoU) with the Cyprus Stock Exchange (CSE), marking a new phase of collaboration between India and Cyprus. The agreement was formalized in Limassol during the roundtable event "Advancing a Strategic Economic Partnership", held as part of Prime Minister Narendra Modis visit to Cyprus and attended by H.E. Nikos Christodoulides, President of the Republic of Cyprus. The MoU sets the stage for wide-ranging cooperation between NSE IX and CSE. Key focus areas include cross and dual listings, co-development of innovative financial products, research and knowledge sharing, capacity building, fintech initiatives, and investor outreach programs. This partnership highlights the growing momentum to link Indian and European capital markets through GIFT City, strengthening Indias vision of establishing it as a premier global financial gateway. Ashishkumar Chauhan, MD & CEO, NSE, noted during the ceremony: "This MoU paves the way for collaboration in dual and cross listings, joint development of innovative financial products, and cooperation in research, training, and capacity-building initiatives. It opens doors for outreach programs and future engagements in other areas of mutual interest. This partnership marks a new chapter in IndiaCyprus financial cooperation, involving Indias GIFT City as an international financial services center and promoting capital market innovation and global investor access for both countries." V. Balasubramaniam, MD & CEO, NSE International Exchange, added: "NSE IX's collaboration with the Cyprus Stock Exchange is a strategic step towards building robust cross-border market infrastructure. With our shared vision of enhancing international financial connectivity, this MoU will drive long-term value for investors and institutions across Europe and India."
Time of India
6 days ago
- Business
- Time of India
NSE IX signs MoU with Cyprus stock exchange to boost cross-border market ties
The NSE International Exchange ( NSE IX ), based in GIFT City has signed a memorandum of understanding ( MoU ) with the Cyprus Stock Exchange (CSE). The strategic partnership was formalized during Prime Minister Narendra Modi 's state visit to Cyprus and witnessed by Cyprus President HE Nikos Christodoulides, during a high-level roundtable titled 'Advancing a Strategic Economic Partnership' in Limassol. This MoU aims to enhance bilateral capital market collaboration through a range of initiatives, including cross and dual listings of financial instruments, joint development of innovative financial products, fintech engagement, and mutual research and training programs. It also marks a symbolic push to connect the Indian capital markets with their European counterparts through the emerging global financial hub of GIFT City. Welcoming the development, Prime Minister Modi said, 'I am pleased to know that the Cyprus Stock Exchange and NSE have agreed to collaborate in Gujarat's GIFT City,' underlining the significance of the partnership in India's broader goal to internationalize its financial markets. Live Events Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, called the MoU a milestone agreement. 'This paves the way for collaboration in dual and cross listings, innovative product development, and shared research, training, and outreach initiatives. It also promotes broader global investor access through GIFT City,' Chauhan said. V Balasubramaniam, MD & CEO of NSE IX, emphasized the strategic importance of the agreement. 'This collaboration with the Cyprus Stock Exchange is a key step in building robust, cross-border market infrastructure. It reflects a shared vision to enhance international financial connectivity and drive value for investors and institutions in both India and Europe,' he said. As India positions GIFT City as a global financial hub, this partnership is expected to open new avenues for capital flows, technology exchange, and financial innovation, particularly by leveraging Cyprus's gateway status in the European Union. ETMarkets WhatsApp channel )
Economic Times
6 days ago
- Business
- Economic Times
NSE IX signs MoU with Cyprus stock exchange to boost cross-border market ties
The NSE International Exchange (NSE IX), based in GIFT City has signed a memorandum of understanding (MoU) with the Cyprus Stock Exchange (CSE). ADVERTISEMENT The strategic partnership was formalized during Prime Minister Narendra Modi's state visit to Cyprus and witnessed by Cyprus President HE Nikos Christodoulides, during a high-level roundtable titled 'Advancing a Strategic Economic Partnership' in Limassol. This MoU aims to enhance bilateral capital market collaboration through a range of initiatives, including cross and dual listings of financial instruments, joint development of innovative financial products, fintech engagement, and mutual research and training programs. It also marks a symbolic push to connect the Indian capital markets with their European counterparts through the emerging global financial hub of GIFT the development, Prime Minister Modi said, 'I am pleased to know that the Cyprus Stock Exchange and NSE have agreed to collaborate in Gujarat's GIFT City,' underlining the significance of the partnership in India's broader goal to internationalize its financial markets. Ashishkumar Chauhan, Managing Director and CEO of the National Stock Exchange, called the MoU a milestone agreement. 'This paves the way for collaboration in dual and cross listings, innovative product development, and shared research, training, and outreach initiatives. It also promotes broader global investor access through GIFT City,' Chauhan said. ADVERTISEMENT V Balasubramaniam, MD & CEO of NSE IX, emphasized the strategic importance of the agreement. 'This collaboration with the Cyprus Stock Exchange is a key step in building robust, cross-border market infrastructure. It reflects a shared vision to enhance international financial connectivity and drive value for investors and institutions in both India and Europe,' he India positions GIFT City as a global financial hub, this partnership is expected to open new avenues for capital flows, technology exchange, and financial innovation, particularly by leveraging Cyprus's gateway status in the European Union. ADVERTISEMENT
Time of India
6 days ago
- Business
- Time of India
India's gateway to Europe: PM Modi pitches India's growth story in Cyprus; says economy will be world's 3rd largest soon
Prime Minister Narendra Modi on his historic visit to Cyprus advocated for India's growth story, asserting that the nation is well-positioned to become the world's third-largest economy within the next few years. Tired of too many ads? go ad free now Speaking at a business roundtable in Limassol on Sunday, PM Modi in presence of Cypriot President Nikos Christodoulides and an assembly of leading CEO's outlined India's remarkable economic transformation while highlighting extensive opportunities for partnership with Cypriot businesses . He attributed India's significant economic changes over the past eleven years to substantial reforms, stable policies, and advancements in the Ease of Doing Business. "India will soon become the third-largest economy in the world. We have implemented tax reforms, rationalised corporate tax, decriminalised laws, and are focusing on the 'trust of doing business' along with ease of doing business,' he stated. Citing the success of India's digital revolution, he noted, 'Around 50 per cent of the world's digital transactions take place in India, thanks to UPI. We are in talks with Cyprus to extend this system here, which I welcome.' The Prime Minister also spoke on the evolving India-Cyprus relationship, calling Cyprus a 'reliable partner' and welcoming its growing role as a key economic gateway to Europe. He added that Indian companies see Cyprus as a hub for IT services, tourism, and financial management. Both leaders expressed their support for the signing of the MoU between the NSE International Exchange at GIFT City, Gujarat, and the Cyprus Stock Exchange. Tired of too many ads? go ad free now This agreement is anticipated to strengthen financial cooperation between the two nations. A partnership between NIPL (NPCI International Payments Limited) and Eurobank Cyprus was established to enable UPI-based cross-border payments. This initiative is expected to facilitate more seamless transactions for tourists and businesses alike. Additionally, PM Modi praised the launch of the India–Greece–Cyprus (IGC) Business and Investment Council, a trilateral platform designed to promote collaboration in sectors such as shipping, logistics, renewable energy, civil aviation, and digital services. As Cyprus prepares to take over the Presidency of the EU Council next year, both nations reaffirmed their commitment to deepening the India-EU Strategic Partnership. They expressed optimism about concluding the long-pending India-EU Free Trade Agreement by the end of the year—a move expected to boost trade volumes and economic cooperation across sectors.
