Latest news with #AshishkumarChauhan
India Gazette
2 days ago
- Business
- India Gazette
NSE subsidiary launches ESG rating services for listed companies
Mumbai (Maharashtra) [India], June 6 (ANI): NSE Sustainability Ratings and Analytics, a defunct subsidiary of the stock exchange NSE, has launched ESG ratings services for listed companies. It marks a significant milestone in advancing sustainable business practices in India. NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. The company NSE Sustainability said in a statement Friday it received its certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a Category I ESG Rating Provider (ERP). As a wholly owned subsidiary of NSE Indices Limited, which is, in turn, a wholly owned subsidiary of the National Stock Exchange of India Limited (NSE), NSE Sustainability embodies the principles of transparency and actionable insights. Ashishkumar Chauhan, MD and CEO, NSE, said, 'NSE Sustainability's mission is to provide stakeholders, including investors, businesses, regulators and the public, with accurate, comprehensive and unbiased evaluations of corporate sustainability practices.' The ESG ratings are derived from thoroughly evaluating company practices, policies, and disclosures across relevant sectors and industries. NSE Sustainability said in the statement it employs a transparent, data-driven, and materiality-based ESG ratings methodology aligned with both national and international standards and best practices. By integrating a wide array of parameters, NSE Sustainability ensures its ESG ratings reflect a balanced and objective perspective, free from biases related to size, scale, or industry. Aniruddha Chatterjee, CEO, NSE Indices, said 'The launch of ESG ratings by NSE Sustainability Ratings and Analytics Ltd underscores our commitment to innovation in sustainable finance and we believe that our ESG ratings, data and analytics will set a benchmark in advancing ESG practices across industries.' In addition to ESG ratings services, NSE Sustainability will be actively involved in a range of associated ESG-related activities including but not limited to scoring products, and research activities incidental to ESG ratings, for domestic and international dissemination. (ANI)
Economic Times
2 days ago
- Business
- Economic Times
NSE Sustainability launches ESG ratings for listed companies
NSE Sustainability Ratings and Analytics Ltd, an entity of the National Stock Exchange, on Friday announced the launch of its ESG ratings for listed companies. ADVERTISEMENT The firm focus on assessing environmental, social, and governance (ESG) performance providing stakeholders with vital information to make informed decisions. In a statement, NSE Sustainability said it received registration certificate from the Securities and Exchange Board of India (Sebi) to operate as a Category I ESG Rating Provider (ERP). "NSE Sustainability's mission is to provide stakeholders, including investors, businesses, regulators and the public with accurate, comprehensive and unbiased evaluations of corporate sustainability practices," NSE MD and CEO Ashishkumar Chauhan said. The ESG ratings are derived from a thorough evaluation of company practices, policies, and disclosures across relevant sectors and industries. NSE Sustainability said it employs a transparent, data-driven, and materiality-based ESG ratings methodology aligned with national and international standards and best practices. NSE Sustainability is a wholly owned subsidiary of NSE Indices, which in turn is a wholly owned subsidiary of National Stock Exchange of India Ltd. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
07-05-2025
- Business
- Mint
NSE chief says market share loss to BSE has run its course
Mumbai: Stock Exchange Ltd's (NSE) CEO Ashishkumar Chauhan said on Wednesday that the market share loss to smaller rival BSE Ltd has likely reached its limit and that further losses are unlikely unless new regulations specifically targeting the exchange are introduced. "The market share loss has pretty much run its course now, given that everything that had to happen has happened, hopefully," Chauhan said during an investor call discussing the bourse's Q4 earnings. 'Unless new measures are introduced that specifically target only NSE, we believe this is pretty much what has been seen as the market share (loss).' Chauhan was referring to regulatory changes implemented in October under then Securities and Exchange Board of India chief Madhabi Puri Buch, which included a provision limiting exchanges to just one index options contract per week. As a result, NSE was required to shift its popular Bank Nifty options contract from a weekly to a monthly frequency, retaining only the Nifty options contract. Bank Nifty had previously accounted for roughly 55% of the total index options turnover, compared to Nifty's 45%, according to Chauhan. Data from NSE shows its market share in equity options (both index and stock), based on premium turnover, dropped from 96.9% in FY24 to 87.4% in FY25, with BSE capturing the remaining share. BSE, which had only one liquid weekly expiry contract–Sensex–benefited from the regulatory rule aimed at curbing retail investor activity in options trading on expiry days. The loss of market share in index options contributed to a 13% year-on-year decline in NSE's total income to ₹ 4,397 crore in Q4FY25. Other factors included lower cash market volumes and reduced clearing activity, and lower treasury income . The exchange saw a modest 7% increase in net profit for FY25, reaching ₹ 2,650 crore. In contrast, BSE reported a 70% year-on-year increase in total income to ₹ 926 crore for Q4FY25, driven by growth in Sensex options trading. Its consolidated net profit surged more than fourfold to ₹ 494 crore during the same period. Chauhan, meanwhile, said that NSE has received in-principle approval from Sebi to launch electricity derivatives, and was working on finalizing details, including contract tenure. He also noted that Sebi has yet to provide a no-objection certificate for NSE's initial public offering.
CNBC
07-05-2025
- Business
- CNBC
NSE CEO says India's economy is relatively more 'resilient', IPO pipeline remains strong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email NSE CEO says India's economy is relatively more 'resilient', IPO pipeline remains strong Ashishkumar Chauhan, MD & CEO of the National Stock Exchange of India, discusses India's resilience in global trade, highlighting strong domestic demand, a shift towards high-tech manufacturing, and ongoing free trade negotiations with major Western nations. He also addresses NSE's trading revenue decline due to regulatory measures, and the IPO pipeline.
The Hindu
02-05-2025
- Business
- The Hindu
NSE launches Nifty Waves index to offer deep insights of media, entertainment industry
The National Stock Exchange (NSE) on Friday announced the launch of Nifty Waves Index, comprising 43 listed companies that belong to the media, entertainment, and gaming industry. The new index is designed to provide deep insights into the performance of one of the country's most dynamic sectors. With a diverse ecosystem spanning film, television, digital platforms, music, and gaming, the Indian media and entertainment industry is undergoing a dynamic transformation, blending creative innovation with rapid technological adoption. "India's next significant export is its imagination --our stories, music, innovation, and creative spirit. Through WAVES, we are building a bridge between our rich cultural heritage and our boundless digital future. The launch of the Nifty Waves Index has provided us with a tool to measure success in this field and inspire many more entrepreneurs," Devendra Fadnavis, Chief Minister of Maharashtra, said while launching the index at the World Audio Visual & Entertainment Summit (WAVES) 2025. The weight of each stock in the Nifty Waves Index is based on free float market capitalisation subject to a cap of 5 per cent. The base date for the index is April 1, 2005, and the base value is 1,000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis. Ashishkumar Chauhan, MD & CEO, NSE said, "The Nifty Waves index is designed to provide deep insights into the performance of one of India's most dynamic sectors. It offers us a benchmark to understand market trends and unlock the full potential of India's creative economy".
