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| Bloomberg Chairman Peter T. Grauer rings opening bell at BSE |
| Announcement / Corporate Oct 22, 2009, 19:54 IST |
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Bombay Stock Exchange Visit Recognizes Bloomberg Expansion in India, Launch of Bloomberg-UTV Network.
Peter T. Grauer, Chairman of Bloomberg L.P., today rang the opening bell at Bombay Stock Exchange (BSE) to signal the start of trading. BSE Chairman Mr. Jagdish Capoor and Mr. Madhu Kannan, BSE Managing Director & Chief Executive Officer, attended the opening bell ceremony joined by a distinguished group of financial professionals.
Mr. Grauer’s visit to BSE was in recognition of Bloomberg’s growth in India. Bloomberg is expanding its suite of news and information tools for the Indian financial markets via the BLOOMBERG PROFESSIONAL® service. Bloomberg continues to add specialized features for India’s subscribers in portfolio management, trading, fixed income, derivatives and other areas.
Bloomberg news services are increasing coverage of and for the Indian financial markets, highlighted by the recent launch of the Bloomberg-UTV business television network in cooperation with UTV. The Bloomberg-UTV launch is a significant development in Bloomberg’s deepening presence in this market. During his visit Mr. Grauer announced that Bloomberg-UTV will establish the first-ever television studio on site at the BSE, a new landmark in delivering critical market news to India’s financial investors.
"The expansion of Bloomberg’s presence in India and the formation of Bloomberg-UTV illustrate Bloomberg’s mission to provide essential news and information to India’s business leaders and investors,” said Mr. Grauer. “Ringing the BSE bell this morning signifies Bloomberg’s commitment to promote market transparency, and our commitment to the Indian market.”
“India is one of the fastest growing economies in the world and it is important that timely and relevant economic as well as political news and analysis from India reaches the world and vice versa. Bloomberg-UTV is dedicated to doing just that,” added Ronnie Screwvala, Chairman of UTV.
About Bloomberg-UTV
Bloomberg-UTV, a collaboration between the BLOOMBERG TELEVISION® network and UTV, India’s leading global integrated media house with business interests in Television, Movies, Broadcasting, Games and New Media. Bloomberg-UTV delivers unsurpassed real-time business, economic and political news to more than 30 million households across India. With a studio presence at BSE, Bloomberg-UTV breaks new ground in delivering critical market news to India’s financial investors.
Launched this past September, Bloomberg-UTV combines UTV’s local newsgathering, production and distribution with the deep financial capabilities and global reach of Bloomberg to broadcast news for and about the Indian market. Bloomberg-UTV will incorporate substantial international programming elements from the BLOOMBERG TELEVISION worldwide network, and viewers will benefit from close cooperation between the organizations' editorial and production teams.
About Bloomberg
Bloomberg is the world’s most trusted source of information for businesses and professionals. Bloomberg combines innovative technology with unmatched analytic, data, news, display and distribution capabilities, to deliver critical information via the BLOOMBERG PROFESSIONAL® service and multimedia platforms. Bloomberg's media services cover the world with more than 2,200 news and multimedia professionals at 146 bureaus in 72 countries. The BLOOMBERG TELEVISION® 24-hour network reaches 230 million homes. BLOOMBERG RADIO® services broadcast via XM, Sirius and WorldSpace satellite radio globally and on WBBR 1130AM in New York. The award-winning monthly BLOOMBERG MARKETS® magazine, the BLOOMBERG.COM® financial news and information Web site and BLOOMBERG PRESS® books provide news and insight to investors. For more information, please visit http://www.bloomberg.com.
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