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NY varsity B-school, SEBI to join hands for market study
By siliconindia
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Saturday, 26 January 2008, 17:45 IST |
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Chennai: New York's Stern School of Business is partnering with the National Institute of Securities Market (NISM), the market-education arm of Indian market regulator Securities Exchange Board of India (SEBI). The purpose is to facilitate research and tailor executive education programs. The venture is expected to be finalized next month, reported The Economic Times.
Discussion is going with this regard and a memorandum of understanding (MoU) is expected to be formalized by the end of February, said New York University Leonard N Stern School of Business dean Thomas F Cooley. A similar program of this kind before by Indian market regulator was the five-year executive education initiative launched for the Indian Railways management cadre in 2005.
Prof Cooley said that the tie-up would help to understand the 'incredible' Indian stock market and provide an opportunity to influence the thought process and evolution of financial markets, by gaining access to the its economy and being able track the evolution of business in emerging markets. "This stimulates research. An important part of our strategy is to look at varied ties in India, be it with firms, institutions or regulatory bodies," he said, adding that research is the primary thrust for the B-school. Prof Cooley was in the city to give a talk on 'Challenges for growth in global economy in current economic scenario' at Madras Management Association.