Philadelphia / Mumbai, September 10, 2018: The NSE Academy Limited, a wholly owned subsidiary of National Stock Exchange of India Limited (NSE), Knowledge@Wharton (K@W), the online journal of research and business analysis of the Wharton School of the University of Pennsylvania and Wharton Executive Education (WEE) have signed a Memorandum of Understanding (MoU) to impart financial knowledge and skills to Indian high school students.
Mr. Vikram Limaye, MD & CEO, NSE and Dr. Michael R. Gibbons, Deputy Dean, Wharton School, University of Pennsylvania, signed the MoU on August 23 at the Wharton School of the University of Pennsylvania, Philadelphia.
NSE Academy, Wharton Executive Education and Knowledge@Wharton will collaborate to educate high school students in India about finance and investment. They will also work together to further expand the Knowledge@Wharton High School (KWHS) Investment Competition, which has been offered to high school students in India and other countries in recent years. In addition, they will jointly offer an online course for high school students in India. The course will be developed and distributed by NSE Academy, Wharton Executive Education and K@W/KWHS.
NSE and Wharton will identify topics for the course based on materials developed by Knowledge@Wharton High School and Wharton Executive Education. This course will be delivered through a digital platform and will enable students to understand intricacies of finance.
NSE Academy will collaborate with Knowledge@Wharton (K@W) and Wharton Executive Education to launch and expand the reach of the K@W High School Investment Competition in India by taking the competition to tier 2 and 3 cities.
Speaking on the occasion, Mr. Limaye said: “NSE has always focused on awareness and knowledge as building blocks for creating a large and knowledgeable investor base, which is critical for strong and vibrant capital markets. NSE initiatives in this area have touched millions of students, housewives, retired persons, salaried people, and businessmen to sophisticated investors. NSE has imparted basic financial knowledge to more than 3 million high school students over the years and certified advanced financial skills to more than 2 million people. The current tie-up with Knowledge@Wharton and Wharton Executive Education is another step in this direction to bring together strengths of two great institutions to create financially aware investors.”
Dr. Gibbons notes: “The mission of Knowledge@Wharton and Knowledge@Wharton High School is to disseminate knowledge from Wharton to a global audience. We are delighted that we have the opportunity to work with NSE to help share Wharton’s research and insights with high-school students in India.”
Dr. Jagmohan Raju, vice dean of Wharton Executive Education, adds: “Wharton Executive Education is committed to delivering online learning programs in creative and innovative ways. The program in collaboration with NSE and Knowledge@Wharton to educate high school students in India is another step in that direction.”
About NSE Academy Limited
NSE Academy Limited is a wholly owned subsidiary of National Stock Exchange of India Limited (NSE). NSE Academy promotes financial literacy as a necessary life skill. NSE Academy’s initiatives, including partnerships with state and national school boards and schools, interactive courses on personal finance and certification programs, teach school children, homemakers and other non-finance professionals the value of investing, provide an introduction to the Indian capital markets and help to develop new market professionals.
About the Wharton School
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 participants in executive education programs annually; and a powerful alumni network of 98,000 graduates.
About Wharton Executive Education
Wharton Executive Education delivers best in class, integrated learning experiences to advance leaders at every level. Designed and taught by Wharton School faculty of unparalleled depth and breadth, our programs are rooted in the latest research, enhance business acumen, and encourage new ways of thinking to solve the business and leadership challenges of today and tomorrow. execed.wharton.upenn.edu.
About Knowledge@Wharton and K@W High School
Knowledge@Wharton (K@W) is the online research and business analysis journal of the Wharton School of the University of Pennsylvania. Launched in 1999, K@W is published in English, Spanish, Portuguese and Chinese and has evolved into a network that reaches some 3 million users worldwide.
K@W High School (KWHS), part of the K@W network, is an online portal for high school students and educators. In addition to publishing articles and lesson plans related to business, finance, leadership and entrepreneurship, KWHS helps nurture financial literacy and 21st century skills through initiatives like the global KWHS Investment Competition.
About National Stock Exchange of India Limited (NSE):
The National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the third largest in the world by nos. of trades in equity shares in 2017, according to World Federation of Exchanges (WFE) report. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.
For more information, please visit: www.nseindia.com
Disclaimer: National Stock Exchange of India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offer of its equity shares and has filed a draft red herring prospectus dated December 28, 2016 (“DRHP”) with Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI as well as on website of the Managers, Citigroup Global Markets India Private Limited at http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, JM Financial Institutional Securities Limited at www.jmfl.com, Kotak Mahindra Capital Company Limited at http://www.investmentbank.kotak.com, Morgan Stanley India Company Private Limited at http://www.morganstanley.com/about-us/global-offices/india/, HDFC Bank Limited at www.hdfcbank.com, ICICI Securities Limited at www.icicisecurities.com, IDFC Bank Limited at www.idfcbank.com and IIFL Holdings Limited at www.iiflcap.com. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” beginning on page 19 of the DRHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.
Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.