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London Stock Exchange Group to set up Technology Centre of Excellence in Which City?
A)
Hyderbad
B)
Chennai
C)
Bengaluru
D)
Kolkata

Correct Answer :   Hyderbad


Telangana IT and Industries Minister "KT Rama Rao's" four-day tour of the United Kingdom (UK) to attract investors to Telangana has got off to a good start.

* London Stock Exchange Group PLC (LSEG) announced that it will establish a Technology Centre of Excellence in Hyderabad, which will generate employment for about 1000 people in a year.

* The announcement was made after the Minister met with Anthony McCarthy, Group CIO, LSEG in London. A Memorandum of Understanding (MoU) in this regard was signed by Jayesh Ranjan, Principal Secretary of IT and Industries Departments, and Anthony McCarthy, Group CIO, LSEG. E Vishnu Vardhan Reddy, Special Secretary, Investment Promotion & NRI Affairs, Konatham Dileep, Director, Telangana Digital Media Wing, Amarnath Reddy Atmakuri, Chief Relations Officer were present at the occasion.

* The establishment of the Technology Centre of Excellence by London Stock Exchange Group (LSEG) in Hyderabad is a significant boost to the Banking, Financial Services, and Insurance (BFSI) sector in the city. The move is expected to create ample employment opportunities and drive growth in the industry.

* London Stock Exchange Group (LSEG) is a leading global financial market infrastructure and data provider, operating in 70 countries worldwide and serving customers in 190 countries.

* Over 2,000 issuers across 100+ countries and a benchmark of $161 linked to FTSE Russell indexes, LSEG continues to be a major player in the global financial industry..

Source : The Hans India

Published On : May 13, 2023
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