Latest news with #AshishkumarChauhan
Business Standard
6 days ago
- Business
- Business Standard
ABB India marks 30 Years of NSE Listing
(L to R) Sanjeev Sharma, Country Head and Managing Director, ABB India, and Ashishkumar Chauhan, MD & CEO of NSE, at the Bell Ringing Ceremony Marking ABB India's 30 Years of NSE Listing PRNewswire Mumbai (Maharashtra) [India], August 4: ABB India Limited, a leading player in electrification and automation, today celebrated 30 years of its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event at NSE Mumbai. The event was graced by Ashishkumar Chauhan, MD & CEO of NSE, and Sanjeev Sharma, Country Head and Managing Director, ABB India, alongside senior leaders from both organizations. Delivered over 8,500% growth in total shareholder return (TSR) during the period - Among the first companies listed on NSE at its inception in 1994 - Market capitalization and share price surged 68x - Consistent dividend payout for 30 years - Revenue up 20x, PAT up 37x since 1994 - Manufacturing footprint expanded 3-fold in the period with green certified facilities Listed on February 8, 1995, ABB India has evolved from a traditional electrical equipment and engineering firm into a future-ready electrification and automation technology leader. Over the past three decades, the company has consistently delivered strong financial performance and shareholder value. A lot of 100 shares purchased at listing for INR 8,883 is now worth over INR 608,050, reflecting a 6,745% increase, excluding dividends. "This is a landmark year for ABB India," said Sanjeev Sharma, Country Head and Managing Director, ABB India. "Following 75 years of manufacturing and innovation in the country, we are now proud to celebrate three decades as a listed entity on the NSE. Over the years, we have successfully navigated market cycles, embraced digital transformation, and remained committed to delivering high-performance, sustainable solutions, all while staying true to our core belief of being 'Engineered to Outrun'. We have not only empowered industries to outrun leaner and cleaner but have also walked the talk in making our own operations resource-efficient and sustainable. As India enters a new era of modern infrastructure, digitalization, and energy transition, ABB is proud to play a role that shapes the future of the country." Ashishkumar Chauhan, MD & CEO of NSE, said, "ABB India's 30-year journey on the NSE is a testament to its resilience, innovation, and governance. Its growth story mirrors the rise of India's capital markets with NSE becoming the fifth largest exchange in the world by total market capitalization. NSE has also championed and pioneered the concept of digital trading in the country, bringing in unprecedented transparency and accountability. We congratulate ABB India on this milestone and look forward to its continued leadership in powering India's progress." ABB India has expanded its operations from manufacturing to include R & D, engineering operations, and business services. Today, it serves 23 industry segments, up from just six in the early years. Over 90% of its India-made products are consumed locally under its 'Local for Local' strategy. There are more than 10,000 people working across multiple locations, businesses, functions and entities of ABB, relentlessly serving our customers. The company works with over 750 partners across 150+ cities and 6,000+ suppliers, reinforcing its commitment to local ecosystems. ABB India continues to be a preferred partner for industries, utilities, and infrastructure projects, supporting the nation's digital and sustainable transformation. ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. Photo:
Yahoo
6 days ago
- Business
- Yahoo
ABB India marks 30 Years of NSE Listing
Delivered over 8,500% growth in total shareholder return (TSR) during the period Among the first companies listed on NSE at its inception in 1994 Market capitalization and share price surged 68x Consistent dividend payout for 30 years Revenue up 20x, PAT up 37x since 1994 Manufacturing footprint expanded 3-fold in the period with green certified facilities MUMBAI, India, Aug. 4, 2025 /PRNewswire/ -- ABB India Limited, a leading player in electrification and automation, today celebrated 30 years of its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event at NSE Mumbai. The event was graced by Ashishkumar Chauhan, MD & CEO of NSE, and Sanjeev Sharma, Country Head and Managing Director, ABB India, alongside senior leaders from both organizations. Listed on February 8, 1995, ABB India has evolved from a traditional electrical equipment and engineering firm into a future-ready electrification and automation technology leader. Over the past three decades, the company has consistently delivered strong financial performance and shareholder value. A lot of 100 shares purchased at listing for INR 8,883 is now worth over INR 608,050, reflecting a 6,745% increase, excluding dividends. "This is a landmark year for ABB India," said Sanjeev Sharma, Country Head and Managing Director, ABB India. "Following 75 years of manufacturing and innovation in the country, we are now proud to celebrate three decades as a listed entity on the NSE. Over the years, we have successfully navigated market cycles, embraced digital transformation, and remained committed to delivering high-performance, sustainable solutions, all while staying true to our core belief of being 'Engineered to Outrun'. We have not only empowered industries to outrun leaner and cleaner but have also walked the talk in making our own operations resource-efficient and sustainable. As India enters a new era of modern infrastructure, digitalization, and energy transition, ABB is proud to play a role that shapes the future of the country." Ashishkumar Chauhan, MD & CEO of NSE, said, "ABB India's 30-year journey on the NSE is a testament to its resilience, innovation, and governance. Its growth story mirrors the rise of India's capital markets with NSE becoming the fifth largest exchange in the world by total market capitalization. NSE has also championed and pioneered the concept of digital trading in the country, bringing in unprecedented transparency and accountability. We congratulate ABB India on this milestone and look forward to its continued leadership in powering India's progress." ABB India has expanded its operations from manufacturing to include R&D, engineering operations, and business services. Today, it serves 23 industry segments, up from just six in the early years. Over 90% of its India-made products are consumed locally under its 'Local for Local' strategy. There are more than 10,000 people working across multiple locations, businesses, functions and entities of ABB, relentlessly serving our customers. The company works with over 750 partners across 150+ cities and 6,000+ suppliers, reinforcing its commitment to local ecosystems. ABB India continues to be a preferred partner for industries, utilities, and infrastructure projects, supporting the nation's digital and sustainable transformation. ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. Photo: View original content to download multimedia: Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Mint
31-07-2025
- Business
- Mint
HFTs drove index options activity. Then came the Jane Street jolt
High-frequency traders or HFTs, among the top liquidity providers for index options, have curbed their activity and are in a 'wait and watch" mode after the market regulator cracked down on US hedge fund Jane Street and rolled new position limits for derivatives, according to the National Stock Exchange's top executive. "Jane Street naturally is a revelation to many, and currently is more a surveillance matter, which we don't discuss," said Ashishkumar Chauhan, managing director and chief executive officer of NSE, during an investor conference call on Wednesday, a day after the bourse announced its first quarter earnings. "Even I am not privy to that because it's between our surveillance department and Sebi, but basically the Jane Street part will naturally affect some of the HFT firms in thinking about what they are doing," Chauhan said. 'Hopefully, they will reconsider their strategy in case they are doing something really wrong, and then come to the right path, because Indian markets usually allow everyone to do what is correct." Sebi crackdown The Securities and Exchange Board of India, in an interim order on 3 July, directed Jane Street to deposit illegal gains of around ₹4,844 crore in a bank escrow account for alleged manipulation of indices like Bank Nifty and Nifty between August 2023 and May 2025, and to also cease trading till it complied with this order. Within 10 days, the firm deposited the amount with a lien in Sebi's favour. The exchanges re-enabled Jane Street to commence trading from last Tuesday, but the firm has not been actively trading, according to market participants. Read more: Somnath Mukherjee: Sebi's Jane Street order was the canary our market needed Queries emailed to Jane Street earlier went unanswered, while exchange officials were not immediately available for comment. HFTs provide the bulk of the liquidity to the equity options segment on the NSE. HFTs were among just 10,000 investors, or 0.2% of 32.7 lakh total base that contributed 70% of the total options' premium turnover of ₹10.3 trillion last month, with each trading above ₹10 crore, shows NSE data. By comparison, small retail investors who traded less than ₹10,000 each made up 14% of all investors but contributed just 0.01% of the overall turnover. Those trading ₹10,000 to ₹1 lakh each accounted for 24% of the investor base but contributed 0.2% of the overall volumes. The premium turnover in June was down 17.7% from the preceding month and 39% from a year ago. " ..the drop in activity (on options) is quite noticeable, particularly with the high-frequency traders, for instance, who are on a wait-and-watch mode as further changes and further developments are very much sort of being watched," said Sriram Krishnan, chief business development officer of NSE. 'We see it as an evolving space, and we will be guided by the regulators in terms of what reforms they want to roll out," he said. 'Position limits is an important topic. It's being rolled out in a phased manner, beginning July, going all the way to a later part of this year." Earlier, while foreign portfolio investors (FPIs) had a ₹500 crore end-of-day position limit each on options and futures, there was no intraday cap. Sebi has now specified an intraday limit of ₹1,500 crore and an end-of-day gross limit of ₹10,000 crore. According to market participants, it's still early to determine the impact of these changes. Krishnan said the global tariff-related sentiment was also affecting market sentiment, leading to a drop in options volumes. "The global trade and tariff uncertainty are also adding to the current sentiment; structural impact of losing one major liquidity provider, plus the fear of spikes, lack of clarity, etc. are other factors which have been highlighted by market partners in terms of why there has been a recent drop in volumes," he said. Since regulatory actions, such as reducing weekly options expiry to one and tripling the contract size, were rolled out to curb retail frenzy in the second half of last year, the number of participants in NSE's derivatives segment dropped to 30 lakh by March this year, the lowest in almost two years, per exchange data. While this improved to 33.5 lakh by June this year, participation remained well below last fiscal year's monthly average of 42 lakh. Read more: Can specialised funds unlock India's shorting potential—or will they just be long-only funds in disguise? A Sebi study released earlier this month, covering FY22 to FY25, showed 91% of individuals lost money trading in derivatives, with each trader losing ₹1.06 lakh in FY25 compared with a loss of ₹74,812 per trader in FY24. NSE's top management also said it was awaiting Sebi's no-objection certificate for its initial public offering and considering launching Vix futures after receiving market feedback.
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Business Standard
30-07-2025
- Business
- Business Standard
NSE plays down 'world's largest' tag as Brazil's B3 claims top spot
The National Stock Exchange (NSE) has lost its status as the world's largest derivatives exchange by number of contracts to Brazil's B3 for the first seven months of 2025, CEO Ashishkumar Chauhan said during the exchange's quarterly earnings call on Wednesday. Chauhan attributed B3's ascent to its even smaller contract sizes compared to those on the NSE, noting that contract size plays a pivotal role in driving trading volumes. In July, NSE averaged approximately 112.7 million contracts traded per day. The exchange was seen downplaying the "world's largest derivatives exchange" tag amid rising concerns around mounting losses of individual investors and outsized gains made by global trading firms in the domestic market. 'India remains one of the largest derivatives markets globally in terms of contracts traded, reflecting the vibrancy and accessibility of our market,' Chauhan said. 'The average contract size in India is relatively small. The higher volume is largely driven by the smaller contract size of Indian options. In value terms, NSE's options premium turnover is less than one-fifth of US options turnover for stocks." To address concerns over speculative activity, the Securities and Exchange Board of India (Sebi) recently raised the minimum contract size for index F&O contracts to Rs 15 lakh, resulting in larger lot sizes. Additional regulatory measures—such as eliminating calendar spread benefits on expiry days and limiting weekly expiries—have also been introduced, with five out of six reforms implemented so far. These interventions follow data showing that over 90 per cent of retail traders incur losses in F&O trading. The impact has been visible with derivatives trading volumes declining close to 30 per cent from their peak. Also, there has said to be some moderation in high-frequency trading, with some traders adopting a wait-and-watch approach amid regulatory probes, such as the investigation involving Jane Street. ALSO READ: NSE management also advocated for clearer investor eligibility and product suitability criteria to help protect retail participants from excessive losses, alongside reinforced investor education efforts. 'By introducing investor eligibility and suitability norms can help ring-fence retail investors' losses while investor education is enhanced,' an NSE official noted. Concerns over global trade uncertainties and tariffs are contributing to a cautious market sentiment, the management observed. The exchange announced its intent to launch VIX futures, expanding further into volatility-linked products. 'One feedback that has come for us to consider launching Vix Futures, something that we may consider at a suitable point in time," said Sriram Krishnan, Chief Business Development Officer while highlighting NSE's plan for more contracts in the commodity and power derivatives space. Earlier this month, NSE launched electricity futures in the power derivatives segment. Plans were also discussed for expanding colocation rack infrastructure. NSE reported a consolidated net profit of Rs 2,924 crore in Q1 FY26, up 14 per cent from Rs 2,567 crore a year earlier. However, revenue from operations declined to Rs 4,032 crore from Rs 4,510 crore in the same period last exchange confirmed that its two settlement applications relating to colocation and dark fibre are still under consideration by Sebi.
Mint
25-06-2025
- Business
- Mint
Sebi said to have accepted NSE's consent applications
Mumbai: The Securities and Exchange Board of India (Sebi) has accepted the settlement applications filed by the National Stock Exchange to resolve pending regulatory investigations, potentially paving the way for the long-delayed initial public offering (IPO) of India's largest stock exchange, according to a person familiar with the matter. Sebi is likely to issue a formal no-objection certificate (NOC) by the end of this month, the person said, adding that this would allow the NSE to proceed with filing its Draft Red Herring Prospectus for the IPO. NSE has offered to pay around ₹1,400 crore to settle pending cases in the Supreme Court. Under Sebi's settlement rules, entities can resolve probes by paying a monetary amount without admitting or denying guilt. 'The fact that an application has been filed for around ₹1,400 crore indicates that the two parties have arrived at a settlement amount. This, in turn, will clear the decks for Sebi to issue the NOC to NSE by month-end," the person said, requesting anonymity. A consent order is passed by Sebi when a regulated entity pays a certain fee without accepting or denying guilt. The filing of the consent applications was preceded by several rounds of discussions between Sebi and NSE over the settlement amount, among other issues. The settlement applications relate to multiple regulatory investigations, including the co-location and dark fibre cases. NSE and Sebi did not immediately respond to queries on the acceptance of the applications. NSE's IPO has been on hold since 2016. Once the NOC is received, NSE is expected to file its prospectus with the regulator. The price of unlisted NSE shares has surged from ₹1,500 to ₹2,300 in the past three months on hopes of Sebi issuing an NOC for the proposed listing. Another potential roadblock—Sebi's earlier insistence that stock exchanges must separate ownership of their clearing corporations—also appears to have been removed. Sebi chairperson Tuhin Kanta Pandey said at a press conference on 24 June that the regulator had put the proposal on hold due to feasibility concerns. He also said the regulatory clearance for NSE's listing was not contingent on these norms being implemented. NSE Clearing Ltd (NCL) and Indian Clearing Corp. Ltd (ICCL), wholly owned subsidiaries of NSE and BSE respectively, handle trade settlements and provide counterparty risk protection. NCL clears over 95% of trades in the equity cash and equity derivatives segments in India, according to Ashishkumar Chauhan, managing director and chief executive, NSE, during the company's March quarter earnings call. 'Even the clearing corporation hurdle has been put aside," said the person cited earlier. The co-location case stems from allegations dating back to 2015, when whistleblowers claimed some brokers received preferential access to NSE's trading systems by logging in early at its co-location facility. The system allowed these brokers to gain a trading advantage by receiving market data fractions of a second ahead of others. In 2019, Sebi issued multiple enforcement orders against NSE, its former officials, and brokers including OPG Securities. However, in September 2024, the regulator said it had found insufficient evidence of collusion between NSE and OPG. The dark fibre case involved allegations that certain brokers accessed NSE's co-location systems via faster, unauthorized fibre-optic lines. The regulator had imposed a ₹7 crore penalty on NSE in 2022, which was later overturned by the Securities Appellate Tribunal after NSE challenged it. Sebi has since filed two appeals in the Supreme Court—in September 2023 and again in February 2024—against the SAT order. These appeals are still pending, and NSE has been asked to respond.
