Bloomberg L.P. Chairman Peter Grauer on Thursday rang the opening bell at the Bombay Stock Exchange as a mark of the company’s expansion and commitment to India.
The US-based business news and data provider, which last month tied up with television network UTV, is expanding its array of news and information tools for India’s financial market professionals.
“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,” Mr. Grauer said in a press release.
“Ringing the BSE bell this morning signifies Bloomberg’s commitment to promote market transparency and our commitment to the Indian market,” he added.
The Bloomberg Professional service and launch of Bloomberg-UTV present a significant development in the US—based company’s increasing penetration in India.
Bloomberg-UTV, which reaches 30 million viewers in India, today established its first-ever television studio in the Bombay Stock Exchange to deliver critical market news.
“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,” UTV Chairman Ronnie Screwvala said.