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Tag: Ashishkumar Chauhan

  • NSE chief backs startups to drive India’s next wave of growth

    NSE chief backs startups to drive India’s next wave of growth

    MUMBAI: When the bell rings at the National Stock Exchange (NSE), it doesn’t just mark the opening of trade, it signals the heartbeat of India’s entrepreneurial dreams. And on Friday, those dreams took centre stage as Ideabaaz, the country’s first integrated startup-investor marketplace, debuted at NSE.

    NSE, MD & CEO Ashishkumar Chauhan used the occasion to underline how the bourse has become both the launchpad and the lighthouse for Indian enterprise. “NSE has always been a catalyst in India’s growth journey. By hosting the launch of Ideabaaz, we reaffirm our commitment to nurturing the entrepreneurial spirit of the country. We look forward to the day when many startups born on this platform will stand here, ringing the bell as listed companies,” Chauhan said.

    For the man who oversees India’s largest fintech, the NSE, the world’s first automated screen-based trading system, statistics tell the story. Today, NSE boasts access to 12 crore unique investors holding 23.5 crore accounts, covering 99.85 per cent of India’s market. Over 2,800 companies are listed on the exchange, whose market capitalisation has swelled 125 times in 30 years to Rs 460 lakh crore (5.2 trillion dollars). That makes India the fourth-largest economy and capital market globally.

    And the IPO bells are clanging louder than ever. NSE led the world in listings last year with 268 IPOs in 2024, raising Rs 1.67 lakh crore (19.5 billion dollars). Chauhan framed it as proof of India’s surging “trust market,” built on the belief of its 140 crore people in the power of entrepreneurs.

    “In India, the biggest achievement since independence is the trust of its people in its entrepreneurs,” he said. “That is why we also call this a trust market. To enable aspirations of 1.4 billion Indians, it is our time to turn ideas into shared prosperity.”

    Drawing parallels between icons and today’s founders, he added: “Many times I say on public platforms, what is the similarity between Dhirubhai Ambani, Ratan Tata and Nandini Letharia? They were in different businesses, came from different backgrounds but they became billionaires by listing on NSE. So you must come and list on NSE. We look forward to the day when all of you, startups, come here and become billionaires.”

    Chauhan also reminded the audience that India is no stranger to enterprise, with roots going back to ancient guilds and trade networks. Today, with the world’s third-largest startup ecosystem, rising incomes, favourable policies, and a vast domestic market, the stage is set. “Integration is how we convert youthful energy into innovation, livelihoods and opportunities,” he said.

    As Ideabaaz takes its first steps, NSE is promising to be a steady partner from the first cheque to the IPO bell. Chauhan closed with a wish for every founder: “May your ideas find the right champions, may your ventures scale with purpose, and may you return to this stage as market leaders and nation builders. NSE will stand by you today, tomorrow and at every stage of your journey.”

    From startups to stalwarts, the message was clear: at NSE, every idea has the potential to make history, one bell at a time.

  • Ideabaaz: NSE takes stock of startups as women-led ideas drive India’s growth

    Ideabaaz: NSE takes stock of startups as women-led ideas drive India’s growth

    MUMBAI: If stock markets run on bulls and bears, India’s newest marketplace is running on bold ideas led by women. At the National Stock Exchange (NSE), where fortunes rise and fall by the tick, Ideabaaz, the country’s first integrated startup-investor marketplace and entrepreneurial reality show, made its debut, promising to turn kitchen-table dreams, especially those of women entrepreneurs into boardroom breakthroughs.  

    The launch, presided over by NSE MD & CEO Ashishkumar Chauhan, brought together an eclectic mix of business leaders, venture capitalists, founders, and dignitaries, signalling that women-led entrepreneurship is now centre stage in India’s economic playbook.

    The emphasis on mentorship is particularly significant. Experienced entrepreneurs, investors, and industry leaders are providing guidance that goes beyond capital helping women navigate regulatory hurdles, refine business models, and scale operations. “Mentorship is the bridge between dreams and execution,” noted one participant. “It’s what transforms ideas into sustainable businesses.”

    Networking opportunities are another cornerstone. Ideabaaz brings together founders, investors, and experts under one roof, enabling women entrepreneurs to learn from peers and industry veterans alike. The connections made here could define the trajectory of India’s next unicorns, and the programme ensures that women are front and centre in these high-value interactions.

    Ideabaaz pitches itself as more than just another startup show. It combines investor matchmaking, mentorship, professional services, and transparent tracking, with a strong focus on women entrepreneurs in growing cities and towns. Its mission: to empower a billion dreams and turbocharge India’s economic engine. “This is not just about entertainment,” emphasised the team. “It’s about access to capital, to mentors, to opportunities that were once out of reach for small-town innovators.”

    Among the most rousing voices was SheThePeople and Gytree founder Shaili Chopra who said: “My introduction often says I’m ‘Women Entrepreneurship’s OG Queen,’ a crown I wear with pride but also with responsibility for the 6.2 million women in our network and 70,000 women entrepreneurs we meet every day. At Ideabaaz, we multiply that number seriously. We are a country of 1.5 billion, half of them women, we deserve half the opportunity and half the voice.”

    She added with characteristic punch: “Indian women entrepreneurs are not the side story, they are the centrepiece. They don’t wait for the stage they take it. From kitchens to boardrooms, women are shaping India’s growth story. And as we build this idea of ‘We the People of India,’ let’s not forget ‘She the People of India.’”

    For The Sleep Company co-founder Priyanka Salot, the moment was emotional: “As a founder, I’ve always got goosebumps watching someone ring that NSE bell. Today, being part of Ideabaaz makes it real. I started in a small town with a very big dream, and in six years of building The Sleep Co, I’ve learnt that India is the best place in the world to be an entrepreneur.”

    She stressed the macro context saying: “We’re on track to a 5 trillion dollars economy, and the backbone of that will be startups. Ideabaaz matters because it’s not just a show, it’s a movement. It gives wings to ambitions, showcases the strength of Indian innovation, and provides not just money, but mentorship and learning. Dream big, execute bigger.”

    Financial empowerment goes hand-in-hand with recognition. By giving women founders a chance to pitch directly to investors, Ideabaaz is fostering an ecosystem where funding decisions are merit-based and inclusive. For many participants, this is the first time their businesses are being assessed purely on potential, innovation, and execution, rather than traditional biases.  

    Rukam Capital founder & managing partner Archana Jahagirdar brought the VC lens: “Next year marks 10 years since the startup boom, and look how far we’ve come. Today, nearly 2 lakh startups are registered with DPIIT. At Ideabaaz, I’ve seen founders from every corner of India, every language, every kind of business. We’ve backed them with money, but more importantly with our time and belief. Capital is critical, but mentorship is priceless.”

    If the stock exchange has long been the temple of capital, then on this night, it became the stage for women-led ideas. The bell has been rung. Now it’s time for female founders across India to take their shot, proving that the next wave of entrepreneurial success will be driven by women with ambition, vision, and the right platform to shine.

  • India’s top MSMEs & startups shine at ET NOW Leaders of Tomorrow Awards

    India’s top MSMEs & startups shine at ET NOW Leaders of Tomorrow Awards

    MUMBAI: Great ideas deserve great recognition, and ET NOW made sure of that. The IDFC First bank presents ET NOW Leaders of Tomorrow Awards Season 12 took centre stage in New Delhi, celebrating India’s most promising MSMEs and startups. With the theme ‘Powering Entrepreneurs for the Global Stage,’ the event highlighted the visionaries scaling their businesses within India while making waves in the international market.

    Former union minister & chairman of the Parliamentary Standing Committee on coal, mines & steel Anurag Singh Thakur stated, “Over the past decade, India has risen from the ‘Fragile Five’ to one of the world’s top five economies, and in the next three years, we are set to become the third-largest economy globally. The government has actively supported MSMEs through financial reforms, ease of doing business initiatives, and credit access programs like Mudra Loans and Emergency Credit Line Guarantee Scheme. Today, India is home to over 1.6 lakh start-ups and 117 unicorns, proving that our youth are building enterprises that compete on the global stage. Our vision for Viksit Bharat 2047 is powered by MSMEs that are integrating into global supply chains, focusing on quality and innovation.”

    NSE MD & CEO Ashishkumar Chauhan stated, “India’s thriving capital market is an anomaly, as traditionally, only wealthy nations develop strong investment ecosystems. However, with 11 crore registered investors and 21 crore accounts, India is now uniquely positioned to fund entrepreneurial dreams. MSMEs must leverage capital markets to boost credibility, secure funding, and scale their businesses.”

    His speech didn’t shy away from geopolitical shifts shaping India’s future, adding, “The world is moving from a unipolar system (dominated by the U.S.) to a multipolar system, where India is emerging as a key player alongside major economies. The decline of global regulatory frameworks, such as the WTO (World Trade Organization), suggests that large economies are now prioritizing bilateral agreements over multilateral trade rules.”

    The awards night honoured outstanding enterprises across 14 categories, including 3 IDFC First Bank Rising Star Awards and 4 Editorial Awards. Winners were meticulously selected through a rigorous pan-India screening and expert jury evaluation, ensuring only the best took home the accolades.

    Beyond the awards, the event saw engaging panel discussions featuring industry heavyweights who shared their expertise and foresight on the future of entrepreneurship. Speakers included Chinmay Dhoble (IDFC FIRST Bank), Akis Evangelidis (Nothing), Aman Gupta (boAt Lifestyle), Dr. A Velumani (Thyrocare), Anand Mane (Joul), Bert Mueller (California Burrito), Spencer Schneier (Commenda), Radha Kirthivasan (BSE), Vivek Gambhir (Lightspeed India), Padmaja Ruparel (IAN Group), and Anisha Singh (She Capital).

    With India’s MSMEs and startups gaining unprecedented momentum, the ET NOW Leaders of Tomorrow Awards proved that the future of business isn’t just bright—it’s unstoppable.

     

  • CNBC-TV18’s 25th anniversary inspires new business horizons at Global Leadership Summit

    CNBC-TV18’s 25th anniversary inspires new business horizons at Global Leadership Summit

    Mumbai: As CNBC-TV18 marked 25 years of excellence in business journalism, the Global Leadership Summit presented by HSBC India and co-presented by Embassy REIT, unfolded as a landmark event, showcasing the channel’s profound impact on India’s economic and business landscape. Held at Jio World Centre, the summit brought together visionaries from across industries, policymakers, and thought leaders to deliberate on pressing global challenges, emerging opportunities, and India’s ascent on the world stage.

    The summit opened with an address by CNBC-TV18 managing editor Shereen Bhan, who underlined India’s journey in the global economic narrative. She remarked “As CNBC-TV18 marks 25 years of excellence, the Global Leadership Summit brought together the most influential thinkers to chart out the roadmap for what India needs to focus on over the next quarter century to achieve high performance. From the policy priorities to the role of the Private sector, from manufacturing to services, from infrastructure to Artificial Intelligence, the Global Leadership Summit was the stage for insightful and transformative discussions. As we look ahead, we hope This summit will continue to reflect our commitment to providing thought leadership and an execution strategy to deliver on India’s promise and potential”

    Minister of Commerce & Industry, Government Of India, Piyush Goyal initiated the day’s conversations with a thought-provoking fireside chat, stating, “I was reviewing the numbers of a major automobile company that recently went public. It’s remarkable to note that an initial investment of $200 million made 25 years ago has yielded dividends and royalties exceeding $12 to $13 billion in just the last decade. Even with such extraordinary returns, the company’s current market capitalization remains at approximately $15 billion. This highlights the significant competitive edge that companies manufacturing in India possess. As they continue to offer better pricing and greater value, I’m confident they are poised for even greater growth.  Ultimately, companies must decide whether to maintain high margins in a softening market or to become more aggressive, capture a larger market share, and drive growth through competitive pricing. The answer lies in how they leverage their strengths in this evolving landscape.”

    The summit’s agenda was packed with discussions and thought-provoking dialogues. RBI Governor Shaktikanta Das delivered a compelling keynote titled “Sailing Through Turbulence: India’s Tryst with Financial Stability”. He said, “Central banks worldwide are navigating an increasingly complex financial environment, and the Reserve Bank of India is no exception. The trade-off between supporting growth and controlling inflation remains challenging, especially in a time of high global volatility. We have witnessed the repercussions of moving ‘too early’ or ‘too late,’ particularly in the banking sector issues that emerged in advanced economies earlier this year. At the Reserve Bank, our response has been measured and timely, maintaining the flexibility to act in sync with evolving conditions. By balancing growth and inflation priorities, we aim to build resilience into India’s financial system. As we shift towards a neutral stance, we remain focused on achieving a durable alignment of inflation within target while supporting growth, underscoring our commitment to a stable and thriving economy.”

    A special segment at the event was devoted to honour Dr. C Rangarajan, Dr. Bimal Jalan, and Dr. Y. V. Reddy, former Governors of the Reserve Bank of India, for their monumental contributions to India’s economic stability.  This tribute was followed by the unveiling of “5/25 Transformative Ideas for the Next Quarter Century,” where Uday Kotak, Founder of Kotak Mahindra Bank, shared a visionary roadmap for India’s future.

    Global Leader, Esi Eggleston Bracey, Global Chief Growth & Marketing Officer, Unilever, took centre stage during the session “Boost Brands, Boost Business” where she delved into strategies for driving brand growth in competitive markets. Another highlight was the panel discussion “Investing in India’s Today & Tomorrow,” featuring insights from leading investors such as Ramesh Damani, Owner, Ramesh Damani Finance Pvt Ltd., Manish Chokhani, Director, Enam Holdings, Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Financial Services and Ashishkumar Chauhan, MD & CEO, NSE who explored India’s economic potential and sustainable growth strategies.

    The afternoon sessions kicked off with a dynamic panel discussion on ‘Managing Markets: Is it Time to be Bullish or Bearish?’ where Ridham Desai, Managing Director, Morgan Stanley India, Rama Bijapurkar, Author & Independent Director, India Blue-Chip Companies, V. Vaidyanathan, MD & CEO, IDFC First Bank, Nilesh Shah, MD, Kotak Mahindra Asset Management Company Ltd. and Samir Arora, Founder & Fund Manager, Helios Capital, shared perspectives on market trends and investment strategies. The subsequent panel, ‘India: The Outlier, ’discussed India’s position amid global economic changes, with insights from Auguste Tano Kouame, Country Director, World Bank, Krishna Srinivasan, Director, Asia & Pacific Department, International Monetary Fund  and Tuhin Kanta Pandey, Finance Secretary & Secretary (DIPAM).

    An engaging discussion titled, ‘Legacy, Longevity, Leadership: The Playbook for the Future,’ which brought together Rishad Premji, Executive Chairman of Wipro, and Rajiv Bajaj, Managing Director of Bajaj Auto, who shared their insights on sustaining leadership in rapidly evolving industries.

    The summit continued with a fireside chat with Hitendra Dave, CEO of HSBC India who spoke about ‘The Next Superpower: India’s Growth Blueprint,’ and he explored strategies that could propel India to global superpower status. He commented, “India’s optimism for the next 25 years is rooted in its young demographics and unmatched digital infrastructure. With 1.4 billion people, most under 28, the potential for transformation is staggering. Strategic investments in digital payments and unified lending systems can redefine credit access, unleashing growth across sectors. By harnessing this opportunity, India can pave its way to becoming a developed economy with a per capita income of $13,000–$15,000—a bold but achievable vision.”

    The event also featured notable sessions on entrepreneurship, innovation, and India’s competitive edge. A discussion titled ‘Startup Dreams to Wealth Creation,’ where Rajan Anandan, MD, Peak XV, Amrit Acharya, Co-founder & CEO, Zetwerk, Kunal Shah, Founder, CRED and Kapil Makhija, MD & CEO, Unicommerce eSolutions discussed the challenges and successes of building thriving startups in India. Meanwhile, ‘The Promise of Phygital India: From Bricks to Broadband’ underlined the seamless integration of digital and physical spaces, with insights from Ari Sarker, President, Asia Pacific, Mastercard, Jitu Virwani, Chairman and Managing Director, Embassy Group, and Ankur Gupta, Head, Asia & Middle East Rela Estate, Brookfield.

    As the evening unfolded, Sajjan Jindal, Chairman & MD, JSW Group of Companies led a session titled ‘India’s Manufacturing Moment: Breakout Ready?’ discussing India’s potential as a global manufacturing leader. The event also witnessed the felicitation of Deepak Parekh, Former Chairman of HDFC, as an Icon of The Indian Economy who also delivered an insightful TED Talk on ‘Transforming the Financial Sector for a New Generation’.

    Further discussions explored India’s global leadership potential with a segment on –‘From The Foreign Investors Lens’ where the speakers Prem Watsa, Chairman & CEO, Fairfax Financial Holdings Limited, and John Chambers, Chairman, USISPF and Founder & CEO, J2C Ventures shared their insights. The discussion ‘India’s Right to Win,’ featuring Dr. Anish Shah, Group CEO & MD, Mahindra Group, and Falguni Nayar, Founder & CEO, Nykaa further highlighted India’s competitive edge in global markets.

    In one of the summit’s most engaging fireside chats, Adar Poonawalla, CEO, Serum Institute Of India and Karan Johar, Film Director discussed the evolution of India’s entertainment industry in ‘Cinema: Magic to Monetisation.’ Another captivating fireside chat was with Sriharsha Majety, Co-founder and Group CEO, Swiggy, who shared Swiggy’s journey leading upto IPO on “Let’s Swiggy with it”.

    The summit also honoured N.R. Narayana Murthy, Co-founder & Former Chairman, Infosys as ‘Icon of The Indian Economy’ followed by a powerful fireside chat with him titled ‘India The Next 25: Notes from N.R. Narayana Murthy,’ which reflected on India’s future in the Global Landscape. He shared his views and said, “Over the last 30 years, India has made remarkable progress. A new wave of confidence and energy is driving growth, visible in everything from local businesses and street vendors to fitness centres. Yet, while urban middle-class incomes are rising, a vast segment of the population remains untouched by globalisation. The challenge ahead is creating jobs, especially for those who cannot access high-skill industries like software. The solution lies in exports, countries like China and Vietnam have shown how global demand can drive large-scale job creation. To succeed, India must move faster in decision-making, adopt global best practices, and raise its standards of excellence. India’s potential is limitless, but realising it requires swift, competitive, and decisive action.”

    The summit had an interesting fireside chat with Leo Varadkar, former Taoiseach of Ireland, in conversation with Navtej Sarna, former Ambassador of India to the US, discussing global leadership challenges in “Finding Leadership in a Fractured World.” CNBC-TV18 Global Leadership Summit concluded with a power-packed performance by Ajay Bijli, Managing Director, PVR INOX Limited.

    CNBC-TV18 Global Leadership Summit was presented by HSBC India, and co-presented by Embassy REIT, along with Destination Partner- Saudi Tourism Authority, Associate Sponsor – ITC, AI Partner- AWS, Exchange Partner – NSE, Associate Partner – Reliance Industries

  • ‘NSE: Enabling a Billion Dreams’ set to premiere on HistoryTV18

    ‘NSE: Enabling a Billion Dreams’ set to premiere on HistoryTV18

    Mumbai: HistoryTV18 is set to premiere an exclusive, hour-long documentary that offers an unprecedented look into the National Stock Exchange’s (NSE) remarkable journey over the past 30 years. Titled NSE: Enabling a Billion Dreams, the documentary will air on 3 November at 7:05 PM on HistoryTV18, providing viewers with a detailed exploration of the NSE’s evolution from its inception in 1992, start of operations in 1994 to becoming one of the largest and most influential stock exchanges in the world.

    India’s stock markets have undergone a significant transformation over the decades, evolving from traditional open-outcry trading floors to sophisticated electronic platforms. The establishment of the NSE marked a watershed moment in this evolution, setting new standards for transparency and efficiency in the capital markets. NSE was incorporated on November 27, 1992. It started operations for the debt segment in June 1994 and in the equity segment on Diwali day on November 3, 1994. NSE has now completed 30 years of operations.

    Since its launch, the NSE has revolutionised India’s capital markets by introducing electronic trading and fostering fairness, efficiency and transparency. Today, it NSE stands as the world’s largest stock exchange in terms of number of orders and number of trades for any exchange. On many days NSE handles more than 50% of all trades across all exchanges in the world put together. NSE is also the largest derivatives exchange by the number of contracts traded and 3rd largest globally in cash market trades. The NSE has contributed to India’s market capitalisation soaring to over Rs. 440 lakh crore (i.e. $ 5.24 trillion) from about Rs 4 lakh crore 30 years ago, growing about 110 times and, underscoring its impact on the global financial stage.

    The documentary highlights the NSE’s innovative strides in transforming India’s capital markets, showcasing how the exchange introduced electronic trading, brought transparency, and democratised market access, reshaping the nation’s economic trajectory. With over 10.5 crore investors having over 20 crore accounts registered with the Exchange, the NSE has significantly broadened investor participation, making stock markets accessible to people across the country.

    “At HistoryTV18, our mission is to bring impactful stories that resonate with our viewers,” said Network 18 and MD A+E Networks | TV 18 CEO – broadcast, Avinash Kaul. “Our documentary NSE: Enabling a Billion Dreams highlights the NSE’s role in transforming India’s financial landscape. By chronicling 30 years of the NSE’s journey, we aim to show how it democratized wealth creation, fostered innovation, and empowered millions to contribute to India’s economic growth. We hope to inspire viewers to understand how such institutions shape our country’s future.”

    The film examines technological milestones such as the introduction of NEAT (National Exchange for Automated Trading), setting up of Clearing Corporation giving settlement guarantee, the dematerialisation of shares, which eliminated physical trading barriers, reduced settlement times from weeks to just one day, and enhanced market efficiency. The NSE’s implementation of T+1 settlement cycles places India among the few markets globally to achieve such rapid transaction settlements, boosting investor confidence and market liquidity.

    Featuring insights from industry stalwarts and experts, the documentary offers exclusive perspectives from leaders across the financial and technological spectrum. Viewers will hear from NSE’s MD and CEO Ashishkumar Chauhan who was a part of the founding team at NSE. Viewers will also hear and visionaries like Uday Kotak, Raamdeo Agrawal of Motilal Oswal Financial Services, former SEBI chairman U.K. Sinha, and former NSE and RBI board member Y.H. Malegam. Other contributors include Ghazal and Varun Alagh, S. Ramadorai, Vineet Nayar, and seasoned journalists Lata Venkatesh and Shereen Bhan. The documentary is further enriched with contributions from academic experts like Dr. Tadashi Endo and market experts like Deven Choksey.

    “We are pleased to collaborate with HistoryTV18 on this documentary that encapsulates our 30-year journey,” said NSE MD & CEO Ashishkumar Chauhan. “In these 30 years, NSE has more than fulfilled its vision of creating a vibrant and growth-oriented stock market ecosystem to channelise savings of Indian households into productive capital in the most cost-effective, fair, efficient, transparent and orderly ways and help in wealth creation and job creation. By sharing our story, we hope to highlight the collective efforts that have shaped India’s financial ecosystem. It is our hope that this film will inspire future generations to engage actively with India’s financial markets, driving inclusive growth and contributing to the country’s continued prosperity.”

    NSE: Enabling a Billion Dreams premieres on 3 November at 7:05 PM on HistoryTV18. The film will also be broadcast across multiple platforms, including CNBC TV18, CNBC Awaaz, CNBC Bajar, CNN News18, and will be available for streaming on moneycontrol.com and HistoryTV18’s YouTube channel, ensuring it reaches a wide and diverse audience. Subsequently, many re-runs of the same will be done on these channels. Regional language versions will also be run on various regional channels of Network 18 Group several times.

  • ET NOW Leadership Dialogues 2024 sets the vision for India@2030

    ET NOW Leadership Dialogues 2024 sets the vision for India@2030

    Mumbai: ET NOW, an English business news channel hosted ET NOW Leadership Dialogues 2024 in Mumbai today. Marking the channel’s 15th anniversary, the inaugural edition witnessed leading industry voices, policymakers, and economic experts cover critical aspects of economic policy, financial regulation, and strategic initiatives to steer India’s progress.

    Themed ‘India@2030,’ ET NOW Leadership Dialogues 2024 delved into discussions and deliberations outlining visionary strategies towards India’s transformative journey to a $10 trillion economy, covering critical discussions on the exponential growth in Indian retail investments, surging profitability, and the identification of high-growth opportunities. pioneering funding mechanisms for Viksit Bharat and fortifying the resilience of India’s stock market. The immersive and insightful discussions with distinguished investors and eminent policymakers featured collaborative and thought-provoking sessions covering critical conversation points on the vision for the country, investment strategies and India’s financial markets through technological innovations among others.

    Shaktikanta Das – Governor, Reserve Bank of India delivered the keynote address, followed by a fireside chat on the key strategies for India@2030.

    Delivering the welcome address, Times Group executive director & group CEO (non-publishing) N Subramanian said, “As we celebrate a remarkable milestone of 15 years of ET NOW, we reflect on a journey marked by our unwavering commitment to integrity, innovation, and intelligence. Over the past decade and a half, ET NOW has been at the forefront of championing India’s growth story, empowering millions with financial inclusion and informed decisions and helping them Rise with India. Under visionary leadership and through groundbreaking reforms, we are poised to lead India into an era of remarkable growth and opportunity. I am confident that, today’s discussions with leading industry voices, policymakers, and economic experts at the ET NOW Leadership Dialogues will chart a clear path for India to become a $10 trillion economy by the end of this decade.”

    Delivering a keynote address and participating in a fireside chat, Shaktikanta Das, governor of the Reserve Bank of India, said “From our recent accolade as Risk Manager of the Year 2024 to projecting a robust 7.2 per cent  GDP growth for 2024-25, India’s economic landscape reflects optimism and momentum. Rural demand is resurgent, bolstered by favourable monsoon forecasts, while our external sector remains buoyant, supporting robust service exports. Amidst these successes, we confront persistent challenges, notably in tempering inflation amidst global uncertainties and supply-side pressures. Our strategy remains steadfast: maintaining a delicate balance between growth and inflation, and navigating through a slow but steady moderation of prices. As we reinforce financial stability with prudent policies and a watchful stance, our forex reserves have surged to $655.8 billion, a testament to our resilience and global confidence. Innovation must thrive within regulatory frameworks, akin to driving a Ferrari on public roads. As we advance towards a future-ready economy, the RBI stands resolute in its commitment to fostering growth, ensuring all sectors thrive responsibly under our regulatory stewardship.’”

    State Bank of India chairman Dinesh Khara said, “We anticipate robust growth averaging 15-17 per cent over the next three years, supported by a stable macroeconomic environment and diligent credit oversight. Despite facing liquidity constraints and adapting to evolving investment trends, our priority remains to fortify our liability framework amidst market dynamics. Our strategic emphasis on achieving a 1.10 per cent return on assets (ROA) exemplifies our dedication to sustainable expansion, avoiding immediate equity dilution. With a formidable capital foundation, State Bank of India is strategically positioned to bolster India’s economic revitalization.”

    During the fireside chat, National Stock Exchange (NSE)  MD & CEO Ashishkumar Chauhan spoke, “Over the past 30 years, Indian stock markets, led by National Stock Exchange, have surged from a modest Rs 4 lakh crore market capitalization in 1994 to an astonishing Rs 430 lakh crore today, transforming India into a capital-rich nation with 20 per cent of households participating in equity markets. This widespread trust in Indian entrepreneurs defies conventional economic theories. As the fourth-largest market by cap, India’s growth is a testament to its economic confidence, driven by technology and innovation. India emerges not just as an investment destination but as a global asset class, attracting international interest. NSE stands as a profitable entity and a guardian of regulatory integrity, ensuring India’s wealth creation journey remains resilient and inclusive.”

  • Business Today Banking & Economy Summit and BT Best Banks Awards celebrates the theme, Indian Banking: Bigger. Bolder. Boundless

    Business Today Banking & Economy Summit and BT Best Banks Awards celebrates the theme, Indian Banking: Bigger. Bolder. Boundless

    Mumbai: The prestigious annual Business Today Banking & Economy Summit and BT Best Banks Awards will be held in Gandhinagar’s GIFT City on Friday, 22 March 2024. The theme for the event this year is ‘Indian Banking: Bigger. Bolder. Boundless,’ and it will feature an impressive line-up of influential figures, thought leaders, and experts from the financial industry who will deliberate on pressing issues such as the state of the Indian economy, the modern financial lending landscape, and a blueprint for a global financial hotspot, among others.

    Union minister for road transport & highways Nitin Gadkari is the chief guest at the event, while chief minister of Gujarat Bhupendra Patel is the guest of honour. Industry stalwarts such as HDFC Bank MD & CEO Sashidhar Jagdishan will also attend. The line-up for the summit includes names such as the 16th Finance Commission of India chairman  Dr Arvind Panagariya; NSE MD & CEO – Ashishkumar Chauhan; J P Morgan senior country officer India and vice chairman Asia Pacific Kaustubh Kulkarni; Ujjivan Small Finance Bank MD & CEO Ittira Davis; The Karur Vysya Bank, MD & CEO – B. Ramesh Babu; Tata Capital digital head Shallu Kaushik; Lendingkart co-founder & CEO Harshvardhan Lunia; Perfios Software Solutions CEO Sabyasachi Goswami; Bank of Maharashtra ED Asheesh Pandey; KPMG in India, partner and head – financial services advisory – Sanjay Doshi; International Financial Services Centres Authority, chairperson Kalyanaraman Rajaraman GMDC, MD – Roopwant Singh; author, speaker, and influencer – Chetan Bhagat.

    A special issue of Business Today on India’s Best Banks will be released at the event, followed by the highly anticipated presentation ceremony of the BT Best Banks Awards. The 28th edition of the BT-KPMG Best Banks and NBFCs Survey identified those institutions that weathered all storms in 2022-23, innovated both in products and services, nurtured talent and leveraged the strengths of fintech or technology partners to prepare for the future. There are 16 award categories across banking, NBFCs, and the fintech space. While six of them are quantitative awards based on a rigorous evaluation of the financial performance of banks and NBFCs for FY23, the other 10 categories were decided by a high-profile jury headed by Anand Kumar Sinha, former deputy governor of the Reserve Bank of India. The other members of the jury were NSE, MD & CEO – Ashishkumar Chauhan; Avendus co-founder & executive vice chairman Ranu Vohra; Arcil MD & CEO Pallav Mohapatra; ICICI Bank former ED N.S. Kannan; and CMS Info Systems executive vice chairman & CEO Rajiv Kaul.

    Amidst global economic challenges marked by high volatility in the financial markets, disruptions in supply chains, and inflationary pressures, the Indian economy stands resilient, albeit not immune. The Business Today Banking & Economy Summit aims to address the key trends and issues shaping the banking and financial sector, providing a platform for policymakers, regulators, industry executives, and innovators to exchange ideas and chart the course forward.

  • Arnab Goswami becomes first journalist to ring opening bell at BSE

    Arnab Goswami becomes first journalist to ring opening bell at BSE

    MUMBAI: Times Now and ET Now president news and editor-in-chief Arnab Goswami has become the first journalist in the 140 year history of the Bombay Stock Exchange (BSE) to be ringing the opening bell, thus marking the opening of proceedings at the exchange.

     

    He was accompanied by BSE MD & CEO Ashishkumar Chauhan, along with other officials of the exchange.

     

    Chauhan said, “We are pleased to have Arnab Goswami at the Bombay Stock Exchange for the opening bell-ringing ceremony. This event marks another significant milestone for Asia’s oldest stock exchange as it celebrates its 140th anniversary, and  Goswami’s presence has enhanced the celebrations.”

     

    Goswami added, “I am happy that someone from the media has been given the honour to ring the opening bell at this august institution, and I am humbled to have been chosen for it. This is the most important financial institution in the business capital of India, and is a place where great capital and wealth are generated for the nation. This year, BSE is celebrating 140 eventful years, and on behalf of the entire media fraternity, I wish it all the best.”

  • Westlife development rings in a new era for company’s investors

    Westlife development rings in a new era for company’s investors

    Mumbai, August 27, 2013: Mr B L Jatia, Chairman of Westlife Development Limited, a company listed on the Bombay Stock Exchange (BSE: 505533), today sounded the bell at the start of the trading session. The ringing of the bell marked the increased opportunity for Indian investors to participate in the scrip following the consolidation of group companies and consequent expansion of the equity base to 15 crore shares.
    The Bell Ringing ceremony was held in the presence of Mr Ashishkumar Chauhan, MD & CEO, BSE, Mr Siddharth Mehta, Founder & CEO, Bay Capital, Mr. Dharmesh Mehta, Managing Director – Institutional Equities, Axis Capital and Mr Sonal Jain, Country Head India, CLSA.
    As a result of the consolidation of group companies, Hardcastle Restaurants Private Limited (HRPL), a Master Franchisee for west & south India operations of McDonald’s Restaurants, is now a direct subsidiary of Westlife Development Limited (WDL).
    Speaking at the Bell Ringing ceremony, Mr. Amit Jatia, Vice-Chairman of Westlife Development Limited said, “ This is a momentous day and hour for Westlife Development and I am proud to bring to Indian investors an opportunity to share in the future in India of the world’s most famous brand, McDonald’s. There has been a huge demand for Westlife shares ever since we submitted the scheme to the Court. From today, interested investors will be able to actively participate in the company through a much larger base of available shares.”
    “The consolidation of our companies under Westlife Development opens up options for us to accelerate our growth plans for expanding McDonald’s restaurants in west and south India. The consolidation will also open up opportunities for the India market to invest in the growth of the McDonald’s Franchisee, HRPL, through Westlife Development. We have an outstanding brand and an aligned system that makes us uniquely well-positioned to benefit from the available growth opportunities.”
    The consolidation of B.L. Jatia group companies, HRPL (through its majority shareholder, Triple A Foods), and Westpoint Leisureparks Pvt. Ltd (majority shareholder of Triple A Foods), under Westlife Development Limited was completed recently. The B.L. Jatia family holds majority ownership in these companies.