Latest news with #NiftyWavesIndex
Business Standard
05-05-2025
- Business
- Business Standard
Nifty Waves Index unveiled at WAVES 2025 by Maharashtra CM Devendra Fadnavis
NSE Indices, a subsidiary of the National Stock Exchange (NSE), launched the Nifty Waves Index on 2 May 2025. The index includes 43 listed companies from the media, entertainment, and gaming sectors, reflecting the evolving dynamics of Indias creative economy. The index was officially launched at the World Audio Visual & Entertainment Summit (WAVES) 2025 in Mumbai by the Chief Minister of Maharashtra, Devendra Fadnavis. WAVES 2025, promoted by the Ministry of Information and Broadcasting (Government of India) and inaugurated by Prime Minister Narendra Modi, serves as a premier platform for dialogue, collaboration, and innovation within the Media & Entertainment industry. Indias Media & Entertainment sectorspanning film, television, music, digital platforms, and gamingis experiencing a significant transformation, driven by technological advancement and creative innovation. The Nifty Waves Index is weighted by free-float market capitalization, with each stock capped at 5%. The base date for the index is 1 April 2005, and the base value is 1,000. It is reconstituted semi-annually and rebalanced quarterly. All Indian-domiciled companies listed or permitted to trade on the NSE are eligible for inclusion. As of 30 April 2025, the index recorded a -26.08% total return over the past year, with a 4.04% CAGR since inception. Key constituents of the index include: Nazara Technologies (5.23%), Zee Media Corporation (5.15%), Zee Entertainment Enterprises (5.14%), Hathway Cable & Datacom (5.07%) and TV Today Network (5.07%). Ashishkumar Chauhan, MD & CEO, National Stock Exchange of India commenting on the Nifty Waves index said, 'We are proud to introduce the Nifty Waves index, designed to provide deep insights into the performance of one of Indias most dynamic sectors. It offers us a benchmark to understand market trends and unlock the full potential of Indias creative economy.'
Hans India
03-05-2025
- Business
- Hans India
NSE unveils Nifty Waves index
Mumbai: 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 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.
Time of India
02-05-2025
- Business
- Time of India
2 Aus & UK varsities to set up campuses in Navi Mumbai: CM
Mumbai: Two leading universities from Australia and the UK on Friday signed an agreement with the state govt to set up campuses in Educity, the education hub launched by Cidco in Navi Mumbai, CM Devendra Fadnavis said. The projects envisage an investment of Rs 1,500 crore in each campus. Educity will have campuses of 10-12 universities that figure in global top 100 rankings, he said. "...MoUs were signed with the University of Western Australia and University of York [in UK] to set up their campuses in Educity," Fadnavis said. Talks have been finalised with three more universities to set up campuses in the education hub, he said, adding that discussions are underway with five other foreign lauded NSE for launching Nifty Waves Index, which tracks 43 media and entertainment companies in the AVGC (animation, visual effects, gaming and comics) sector. This move will help boost the financial ecosystem in this sector, he said. The University of York campus, expected to commence operations in 2026 pending approval from University Grants Commission, will offer undergraduate and postgraduate programmes in computer science with artificial intelligence and cybersecurity, business, economics and the creative industries. York's announcement adds to the growing trend of foreign universities establishing a physical presence in India under the enabling provisions of National Education Policy.
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".
Times of Oman
02-05-2025
- Business
- Times of Oman
NSE launches Nifty Waves Index comprising 43 listed media stocks
Mumbai: NSE has unveiled an index comprising as many as 43 listed companies in the media, entertainment, and gaming industry at the ongoing WAVES 2025 summit in Mumbai. At the World Audio Visual and Entertainment Summit (WAVES), Maharashtra Chief Minister Devendra Fadnavis launched the Nifty Waves Index. 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. The weight of each stock in the Nifty Waves Index is based on free float market capitalization subject to a cap of 5 per cent. The base date for the index is April 01, 2005, and the base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis, NSE said in a statement. Ashishkumar Chauhan, MD and CEO, National Stock Exchange of India (NSE), commenting on the Nifty Waves index said, "We are proud to introduce the Nifty Waves index, 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." Devendra Fadnavis, Chief Minister of Maharashtra, said, "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." On Thursday afternoon, Prime Minister Narendra Modi inaugurated WAVES (World Audio Visual and Entertainment Summit). The four-day summit with tagline "Connecting Creators, Connecting Countries" is poised to position India as a global hub for media, entertainment, and digital innovation by bringing together creators, startups, industry leaders, and policymakers from across the world. In line with Prime Minister's vision of leveraging creativity, technology, and talent to shape a brighter future, WAVES integrates films, OTT, gaming, comics, digital media, AI, AVGC-XR, broadcasting, and emerging tech, making it a comprehensive showcase of India's media and entertainment prowess. WAVES aims to unlock a USD 50 billion market by 2029, expanding India's footprint in the global entertainment economy. At WAVES 2025, India also hosts the Global Media Dialogue (GMD) for the first time, with ministerial participation from 25 countries, marking a milestone in the country's engagement with the global media and entertainment landscape. The Summit also features the WAVES Bazaar, a global e-marketplace with over 6,100 buyers, 5,200 sellers, and 2,100 projects. It aims to connect buyers and sellers locally and globally, ensuring wide-reaching networking and business opportunities. WAVES 2025 witnesses participation from over 90 countries, with more than 10,000 delegates, 1,000 creators, 300+ companies, and 350+ startups. The summit will feature 42 plenary sessions, 39 breakout sessions, and 32 masterclasses spanning diverse sectors including broadcasting, infotainment, AVGC-XR, films, and digital media.
