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Tag: awards

  • The Need for Financial Support in Non-Filmy Music After the 1st Marathi Indie Music Awards

    Eminent music composer Ashok Patki was conferred with the prestigious ‘Sangeet Ratna Lifetime Achievement Award in recognition of his outstanding achievements in the field of non-film music.

    PUNE:  “Independent music allows artists to express themselves freely. Therefore, Independent Marathi non-filmy music should be acknowledged as a startup and receive financial aid similar to Marathi films,” noted singer Vaishali Samant. She was speaking at the first-ever Marathi Indie Music Awards (MIMA) recently. The program was organized by Maharashtra Kala Manch and Just Collab, with Ajay Naik and Kaustubh Dabadage at the helm.

    Eminent music composer Ashok Patki was honored with the ‘Sangeet Ratna’ Lifetime Achievement Award for his remarkable contributions to non-film music at the hands of Prasad Lad, Member of Legislative Council, State Government. The program was held at the Shakuntala Shetty Auditorium, Erandwane, Pune

    “If Independent Marathi non-filmy music receives government financial aid, it will spread globally,” said Vaishali Samant. “We are passionate travelers in the world of music. This award has given us all a small shore to stand on today, and that’s a comforting feeling. The fact that our hard work is getting a platform is reassuring,” she added.

    We will organize the next MIMA program in Mumbai, and I will ensure the Chief Minister’s attendance, Prasad Lad assured. He further stated, “Following Marathi’s recognition as a classical language, there’s been a surge in Marathi-related activities. In this context, we will submit a proposal to the Chief Minister within 20 days, seeking subsidies for Independent Marathi non-filmy music under Ashok Patki’s guidance.”

    Ashok Patki reminisced about the song ‘Radha Hi Bawari’, saying, “Initially, the lyrics were different. Swapnil Bandodkar didn’t like it. He called me insisting I write the song. I tried to explain I’m a composer, not a lyricist, but he persisted. That night, the tune came to me, and I wrote the song.” Patki chuckled, ” ‘Radha Hi Bawari’ gave me the confidence to write songs.”

    “In today’s era, education is readily available everywhere. However, values and cultural heritage are lacking. We learned music from renowned artists, but Ashok Patki sir instilled values in us beyond just education. These values remain with me today. One important value is passing on what we’ve learned to the next generation,” said Avadhoot Gupte, while accepting the award.

    “We’ve been in this industry for over 25 years, but there wasn’t an award specifically for indie music. This initiative marks the beginning of a new journey for non-film music, and it will inspire and motivate the new generation of music composers and lyricists,” said Swapnil Bandodkar.

    Noted singers-composers Avadhoot Gupte, Vaishali Samant, and Swapnil Bandodkar were honored with the ‘Marathi Indie Music Icon’ award. Additionally, Pt. Raghunandan Panshikar, Anand Bhate, and Pt. Sanjeev Abhyankar received awards for Best Classical Vocalist, while Jeevan Dharmanandhari and Vivek Kajvekar were recognized for Music Arrangement.

    Additionally, ‘Gaarva’ was recognized as the First Iconic Marathi Indie Song, honoring poet Saumitra and composer Milind Ingle. Also, ‘Aayushyavar Bolu Kahi’ was awarded the First Iconic Indie Marathi Show, recognizing composer-singer duo Sandeep Khare and Salil Kulkarni.

  • Adani Krishnapatnam Port Limited bags Par Excellence & Excellent awards in NCQC 2024

    Adani Krishnapatnam Port

    Nellore: 06th January 2025: Adani Krishnapatnam Port Limited (AKPL) has achieved a remarkable milestone by winning the Par Excellence and Excellent awards at the 38th National Convention on Quality Concepts (NCQC) 2024. The annual event, organized by the Quality Circle Forum of India (QCFI) in collaboration with the Atal Bihari Vajpayee-Indian Institute of Information Technology and Management (ABV-IIITM), showcased the theme: “Investing in People, Building a Better Future.”

    Two teams from AKPL represented the company at the national convention with their flagship case studies in Quality Circle (QC) Category: “Upgraded Multi-operation of STS Crane” and Kaizen Category: “Quick Release Hook for Excavator Shifting in Vessel Hatch”. Both projects demonstrated innovative solutions for quality improvement and operational excellence. Their outstanding performance has also earned qualification for the International Convention of Quality Circle (ICQC) 2024, set to take place in Taiwan later this year.

    Both projects were recognized for their significant contributions to operational excellence, safety, and overall quality enhancement within the port. Notably, both teams have qualified to represent India at the International Convention of Quality Circle (ICQC) 2024 in Taiwan.

    Speaking on the occasion, Adani Krishnapatnam Port management said, We are immensely proud of our teams for their exceptional work and dedication to continuous improvement. These awards are a testament to AKPL’s unwavering commitment to fostering a culture of quality and innovation. Our focus on employee empowerment and their valuable contributions are driving significant advancements in our operations.


    Sujata

  • Manipal Hospitals, Broadway Successfully Treated an Elderly Patient with Bilateral Herpes Zoster

    KOLKATA: Manipal Hospitals, Broadway successfully handled a rare instance of bilateral Herpes Zoster in Nanda Ghosh, a 74-year-old woman. This is only the fourth documented case of bilateral Herpes Zoster in the country involving a patient who is not immunocompromised. She was brought to the hospital with complaints like fever, high-grade headache, nasal discharge, congestion, and coughing, Upon examination, vesiculopapular rashes (small bumps or fluid-filled blisters) among other symptoms suggested a severe and rare presentation of the Herpes virus.

    Imagine suffering from days of fever, unceasing headache, and pain so inexplicable it just won’t subside. Despite a growing sense that something is seriously wrong, the underlying cause remains unknown. Such was the condition of this elderly patient till her son brought her to Manipal Hospital, Broadway where finally her condition found a diagnosis and treatment.

    Herpes Zoster, commonly known as shingles can cause painful rashes and typically forms along a single nerve root (dermatome) on one side of the body, often affecting areas like the chest, abdomen, or face. However, in this case, it manifested bilaterally, which is extremely rare. The lesions formed on both sides of the face, including around the forehead, cheeks, and eyes, which is highly unusual in someone in relatively healthy condition.

    A multidisciplinary team led by Dr. Partha Sarathi Bhattacharjee, Consultant – Internal Medicine, Manipal Hospitals, Broadway, confirmed the diagnosis through an extensive investigation. The patient was treated with antiviral medication (Zovirax) to target the Herpes virus and antibiotics (Meropenem) to manage secondary bacterial infections. Dermatologists and ophthalmologists were consulted to ensure comprehensive care.

    Dr. Partha Sarathi Bhattacharjee, Consultant – Internal Medicine, Manipal Hospitals, Broadway, explained, “This case was a medical rarity, especially in a healthy elderly individual without immunosuppression. Such cases challenge conventional medical understanding and require advanced diagnostic expertise. If left untreated, Herpes Zoster can lead to severe complications such as blindness, hearing loss, and nerve damage. Getting the shingles vaccine can prevent herpes outbreaks. The shingles vaccine is administered in a 2-dose series, with the second dose given 2 to 6 months after the first for optimal effectiveness. Timely diagnosis and treatment are essential in managing the condition and preventing complications. While this vaccine is recommended for all ages, this is particularly beneficial for the elderly or those at higher risk.”

    Nanda Devi’s son shared his emotional journey, stating, “Watching my mother suffer without knowing what was wrong was heart-wrenching. This is the fourth time we have relied on Manipal Hospitals, Broadway, and every time, they have exceeded our expectations. My mother’s condition was critical and very unusual, but the doctors here handled it with extraordinary care and expertise. Thanks to their efforts, my mother is now back home with her family. We are deeply thankful.”

    In a week, the patient showed great improvement under the devoted care of the specialists at Manipal Hospital, Broadway. Her fever abated, and rashes resolved without secondary infection; her general condition stabilized. The patient was discharged in ten days with overall good health and immense gratitude regarding the compassionate and highly professional treatment.

  • Tata Elxsi and Qualcomm’s Snapdragon Automotive Platforms Drive SDV Adoption in Next Generation Mobility

    Tata Elxsi aims to collaborate with Qualcomm to create VSoCs for the Snapdragon Digital Chassis, which will be utilized for cloud-native application development.

    At CES 2025, Tata Elxsi will showcase a live demonstration of the company’s AVENIR™ SDV suite of solutions integrated with Qualcomm Technologies’ Snapdragon Ride Flex SoC that implements a cloud-native and virtualized approach to automotive software development.

    BENGALURU: Tata Elxsi, Inc. has announced its plans to work with Qualcomm Technologies, Inc. to develop and leverage virtual models of Snapdragon® Digital Chassis™ solutions for cloud-native application development. Through the intended technology collaboration, which will be demonstrated at the Consumer Electronics Show (CES) 2025, Tata Elxsi will develop a virtual electronic control unit (ECU) platform for automakers and Tier-1 suppliers using Snapdragon virtual system-on-chips (VSoCs) for the next-generation of mobility solutions for passenger, commercial, and off-highway vehicle segments.

    Tata Elxsi aims to utilize the Snapdragon Digital Chassis VSoCs to help revolutionize the Software-Defined Vehicle (SDV) development process, enabling R&D teams to accelerate software development and validation. By reducing the dependency on hardware availability, this initiative aims to streamline and speed up product development lifecycles, ensuring that advanced mobility solutions reach the market faster and more efficiently.

    At CES 2025, Tata Elxsi will showcase this process using the company’s AVENIR™ SDV suite of solutions integrated with Qualcomm Technologies’ Snapdragon Ride™ Flex SoC. The demonstration will highlight real-world use cases, including mixed-critical workloads for infotainment and advanced driver assistance systems.

    “Our planned work with Qualcomm Technologies reflects Tata Elxsi’s leadership and investments in SDV technologies and the future of cloud-native automotive software development. Tata Elxsi’s AVENIR suite with Snapdragon Digital Chassis solutions offers a high-performance, scalable solution for automakers to realize the next generation of SDVs. This unique combination of world-class software and system expertise, virtualized models, and ready-to-adopt SDV software offers OEMs a compelling and future-ready path to SDVs and next-generation mobility,” said Shaju S, Vice President & Head of Transportation Business Unit, Tata Elxsi.

    “Tata Elxsi’s demonstration of enabling Snapdragon virtual SoCs for early development in a cloud-native environment leveraging their AVENIR SDV suite offers the developer community a cost-effective, early access to target hardware and reduces time to market for new application development. Access to leading-edge, high-performance heterogeneous compute environments in the cloud truly enables the future of pre- and post-production approaches to software development. It also facilitates continuous updates of new features throughout the lifecycle of the vehicle, enabling our partners to deliver a rich experience to the end consumer and build new business models,” said Laxmi Rayapudi, VP of Automotive Software Product

  • Anthem Biosciences Limited Files DRHP for Rs. 3,395 Crore IPO

    MUMBAI: Anthem Biosciences Limited, an innovation-driven and technology-focused Contract Research, Development, and Manufacturing Organization (CRDMO) with fully integrated operations spanning across drug discovery, development, and manufacturing has filed the draft red herring prospectus (DRHP) with capital markets regulator, SEBI to raise funds through an initial public offering (IPO).

    Ajay Bhardwaj (Chairman, MD & CEO), Ishaan Bhardwaj (Vice President), Ganesh Sambasivam (Executive Director), and K Ravindra Chandrappa (Executive Director) are the Promoters of the company.

    The IPO of the Bangalore-based company comprises an Offer for Sale (OFS) of equity shares aggregating up to Rs. 3,395 crores by the Selling Shareholders.

    The OFS comprises of:-

    Equity Shares aggregating up to Rs. 350 crores each by Ganesh Sambasivam and K Ravindra Chandrappa (Promoter Selling Shareholders);

    Equity Shares aggregating up to Rs. 1,325 crores by Viridity Tone LLP and up to Rs. 320 crores by Portsmouth Technologies LLC (Investor Selling Shareholders);

    Equity Shares aggregating up to Rs. 320 crores each by Malay J Barua, Rupesh N Kinekar, Satish Sharma, up to Rs. 80 crores by Prakash Kariabettan and up to Rs. 10 crores by K Ramakrishnan (Other Selling Shareholders)

    The company which was incorporated in 2006, has two operational manufacturing facilities in India, Unit I (Bommassandra) and Unit II (Harohalli), both in Karnataka, with an aggregate annual custom synthesis capacity and fermentation capacity of 270 kL and 142 kL, respectively, as of September 30, 2024. The third manufacturing facility – Unit III in Harohalli is under construction and is expected to be fully operational in the first half of 2025.

    Anthem’s business comprises CRDMO services and the manufacture and sale of Specialty Ingredients. It offers a comprehensive, integrated, and highly customizable range of CRDMO services across the New Chemical Entity (NCE) and New Biological Entity (NBE) lifecycles. It has a strong presence across various modalities, such as RNAi, ADC, peptides, lipids, and oligonucleotides, and manufacturing techniques, such as flow chemistry, enzymatic processes, biocatalysis, and fermentation, offering a broad range of technology capabilities for drug development.

    It also manufactures and sells complex specialized fermentation-based Active Pharmaceutical Ingredients (APIs), including probiotics, enzymes, peptides, nutritional actives, vitamin analogs, and biosimilars.

    Its revenue from operations increased by 34.3% to Rs. 1,419 crores in Fiscal 2024 from Rs. 1,056 crores in Fiscal 2023. The PAT for the year ended March 31, 2024, was Rs. 367 crores.

    Sai Life Sciences Limited, Syngene International Limited, Suven Life Sciences Limited and Divi’s Laboratories Limited are the listed peers of Anthem Biosciences as per its DRHP.

    The Book Running Lead Managers to the offer are JM Financial Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, and Nomura Financial Advisory and Securities (India) Private Limited.

    The equity shares are proposed to be listed on BSE and NSE.

  • Air India Pioneers In-Flight Wi-Fi


    Mockup of smartphone during flight trip. Layout mock up ready for your design preview. Woman sit down inside the plane holding the phone device to see a message on airplane.

    Starting 1 January 2025, in-flight Wi-Fi services are available on all flights operated by Air India’s A350, B787-9 and select A321neo aircraft.

    Wi-Fi is offered on a complimentary basis for an introductory period.

    GURUGRAM: Air India, India’s leading global airline, today announced it has rolled out Wi-Fi internet connectivity services on board domestic and international flights operated by Airbus A350, Boeing 787-9, and select Airbus A321neo aircraft.

    This makes Air India the first to offer in-flight Wi-Fi internet connectivity on flights within India, enabling travelers – flying for leisure or business – to stay connected to the internet during their flights, and to enjoy browsing, accessing social media, catching up on work, or texting friends and family.

    “Connectivity is now an integral part of modern travel. For some, it is about the convenience and comfort of real-time sharing, while for others, it is about greater productivity and efficiency. Whatever one’s purpose, we are confident that our guests will appreciate having the option of connecting to the web and enjoy the new Air India experience on board these aircraft,” said Rajesh Dogra, Chief Customer Experience Officer, Air India.

    Accessible on Wi-Fi-enabled devices such as laptops, tablets, and smartphones with iOS or Android operating systems, the in-flight Wi-Fi will also allow guests to connect multiple devices simultaneously when above 10,000 feet*.

    The deployment of Wi-Fi on domestic routes follows an ongoing pilot program on international services operated by the Airbus A350, select Airbus A321 neo, and Boeing B787-9 aircraft serving international destinations including New York, London, Paris, and Singapore.  As with the domestic offer, Wi-Fi is complimentary for an introductory period.  Air India will progressively roll out the service on other aircraft in its fleet over time.

    How travelers can access Wi-Fi on board Air India flights:

    Enable Wi-Fi and go to Wi-Fi settings

    Select the ‘Air India Wi-Fi’ network

    Once redirected to the Air India portal on the default browser of the device, enter the required details such as PNR and last name

    Access complimentary internet service

    * In-flight Wi-Fi connections depend on factors such as satellite connectivity, overall bandwidth usage, routes, and government restrictions.

  • Unveiling New Air India New York Moments

    Air India’s cabin crew recreated iconic New York City moments and visited popular movie locations to celebrate new Air India’s arrival in New York (JFK) and Newark (EWR)

    GURUGRAM: Air India, India’s leading global airline, today began operating its flagship A350-900 aircraft on non-stop flights between Delhi and Newark’s Liberty International Airport (EWR). This follows Air India’s A350 service on the Delhi-New York (JFK) inaugurated on November 1, 2024.

    With this, Air India now serves all non-stop flights between India’s capital and the New York region with its A350 aircraft, offering its all-new interiors, including private suites in Business Class and a Premium Economy cabin, as well as an award-winning new Inflight Entertainment (IFE) system, enhanced catering, and new serviceware.

    In celebration of the launch, Air India’s cabin crew went on a cinematic journey to recreate iconic New York City moments and in search of some of the city’s landmarks featured in globally popular Hollywood and Bollywood movies. Donning their new Manish Malhotra-designed uniforms, here is how they strolled through the bustling city, expressing their excitement and pride for the ‘new Air India experience’ arriving in New York.

    THE ICONIC ‘LUNCH ATOP A SKYSCRAPER’ PHOTO RECREATED

    Reliving a piece of history, Air India cabin crew members recreated one of the most influential photographs of all time, the iconic ‘Lunch Atop a Skyscraper’ photograph from 1932. The photograph showed ironworkers taking a casual lunch break on a towering skyscraper beam during the construction of 30 Rockefeller Plaza. Air India’s crew took a moment to capture the spirit of innovation and adventure embodied in the striking photograph, atop Rockefeller Plaza.

    GAPSTOW BRIDGE, CENTRAL PARK

    The serene beauty and lush greenery around the picturesque Gapstow Bridge in Central Park has made the bridge a popular choice among filmmakers across generations. This is where Kevin McCallister first encounters the pigeon lady in Home Alone 2: Lost in New York, and it is also where the ‘Runway Jungle’ photo shoot takes place in The Devil Wears Prada.

    ON THE STEPS OF THE METROPOLITAN MUSEUM OF ART (THE MET)

    The grand staircase of The MET that leads up to the museum’s entrance is a striking architectural feature, and where numerous TV shows and films have been shot. The MET steps were a regular backdrop for the popular drama series, Gossip Girls, as well as for much of the popular heist movie, Ocean’s 8. And in When Harry Met Sally, the funny “pecan pie” sequence, in which Harry and Sally are in a museum and they talk about ‘too much pepper on paprikash’, was filmed here.

    AT TIMES SQUARE

    The Air India crew strolled the busy sidewalks under the bright neon lights of Times Square, as the highly popular tourist attraction has featured in numerous Bollywood and Hollywood movies. Whether it is the subliminal imagery in Tom Cruise’s Vanilla Sky that shows him running alone through Times Square, the flashmob scene in Friends with Benefits, or Preity Zinta’s happy dance in the Bollywood movie Kal Ho Naa Ho, Times Square dazzles anywhere one sees it, on the silver screen and in real life.

    THE NEW YORK TAXIS

    The iconic yellow cabs or taxis in New York have become a staple in countless movies set in the city. They often serve as more than just transportation, symbolizing the hustle and bustle of urban life and even playing active roles in plots. Whether it’s a quick cameo or a central element, the New York taxis are a cinematic icon.

    THE ROTUNDA ROOM AT THE PIERRE, A TAJ HOTEL

    The iconic scene from Scent of a Woman, in which Frank (Al Pacino) and Donna (Gabrielle Anwar) tangoed was filmed at The Pierre, providing the perfect backdrop for the passionate dance and making it one of the most memorable moments in the film. Air India crew stopped by in the stunning Rotunda Room at The Pierre Hotel in Manhattan to remember the iconic film.

    SUTTON PLACE PARK (UNDERNEATH QUEENSBORO BRIDGE)

    The 1979 Woody Allen classic, Manhattan, known for being a glorious celebration of New York, was another inspiration for the cabin crew members. The Air India crew found the exact spot and recreated the profound scene in which Isaac Davis (Woody Allen) and Mary Wilkie (Diane Keaton) sit underneath Queensboro Bridge, admiring it and talking to each other until dawn. An image of the scene also became the film’s iconic poster.

  • Waaree Energies Secures 150 MWp Solar Module Order

    MUMBAI: Waaree Energies Ltd., India’s largest solar PV module manufacturer and a leader in the global energy transition is pleased to announce the receipt of an order for a major renewable power project of 150MW for the supply of solar modules from a renowned customer engaged in owning, developing, and operating renewable power projects in India.

    The contract includes the supply of Waaree’s flagship high-efficiency Glass N-type Topcon bifacial modules, rated at 585/590Wp. These modules are recognized for their durability, exceptional energy output, and advanced technology, showcasing Waaree’s unwavering commitment to quality and innovation.

    The modules are scheduled to be supplied in the next financial year, 2025-26.

    As the only solar panel manufacturer in India featured in the RETC PV Benchmarking Report 2024, Waaree’s modules exemplify quality, reliability, and performance. Recognized as a Tier 1 solar module manufacturer by Bloomberg New Energy Finance (BNEF), Waaree operates an NABL-accredited testing lab, ensuring the highest standards of excellence. These accolades reinforce the company’s commitment to powering renewable projects, enhancing energy reliability, and significantly reducing carbon emissions.

    The confidence shown by clients highlights Waaree Energies’ commitment to solar PV module manufacturing. The execution of this project will increase India’s renewable energy capacity, leading to reductions in greenhouse gas emissions and supporting environmental sustainability.

  • Force Motors Limited to Deliver 2429 Ambulances to Uttar Pradesh Government

    PUNE: Force Motors Limited, India’s leading manufacturer of commercial and specialty vehicles, is proud to announce its selection by the UP – Government Health Department to supply 2429 ambulances, reinforcing its position as the preferred choice for emergency medical transport in the country.

    Force Motors, a pioneer in the automobile industry, has been synonymous with reliability, innovation, and excellence since its inception. Over the years, the company has emerged as a trusted partner for both the government and private healthcare sectors, delivering solutions tailored to meet India’s diverse and challenging terrain and infrastructure requirements.

    The Force Traveller Ambulance, a hallmark of engineering excellence, is widely recognized as India’s most trusted and preferred ambulance. Known for its unparalleled reliability, spacious interiors, and robust build quality, the Traveller Ambulance offers:

    Exceptional Safety and Comfort: Designed to ensure patient safety and comfort during transit, it is equipped with advanced suspension systems, ergonomic seating arrangements, and optimized space for medical equipment.

    Customizable Variants: Available in multiple configurations, including Patient Transport, Basic Life Support (BLS), Advanced Life Support (ALS), and Mobile Medical Unit (MMU), catering to the varying needs of healthcare providers.

    Unmatched Durability: Built to withstand India’s challenging road conditions, ensuring uninterrupted performance when it matters the most.

    Prasan Firodia, Managing Director of Force Motors Limited

    Speaking on the achievement, Prasan Firodia, Managing Director of Force Motors Limited, said, “We are proud to be chosen by the Uttar Pradesh Government Health Department for this important healthcare initiative. This milestone reinforces Force Motors’ commitment to providing dependable, high-quality solutions catering to India’s unique healthcare needs. We remain dedicated to driving innovation and delivering quality products.”

    Force Motors ambulances are equipped with powerful drivelines and other aggregates that help patient transportation in the minimum possible time, giving importance to the Golden Hour.

    With a dominant market share in the Indian ambulance segment and a growing global presence, Force Motors has consistently set benchmarks for quality and performance. Trusted by state governments, hospitals, private healthcare providers, and NGOs alike, the Traveller Ambulance has earned its reputation as the go-to solution for emergency medical transport. Its adaptability, low maintenance costs, and proven reliability make it a preferred choice for stakeholders.

    The UP-Government Health Department’s decision to procure 2429 ambulances from Force Motors underscores the state’s commitment to strengthening its healthcare infrastructure. These vehicles will play a pivotal role in enhancing emergency response capabilities and ensuring timely medical assistance for millions of residents across urban and rural areas.

  • National Stock Exchange Achieves Record IPOs and Equity Capital Milestones in 2024

    MUMBAI: The National Stock Exchange (NSE) announces a significant achievement with 268 successful IPOs across Mainboard (90) and SME (178) in the calendar year 2024 raising Rs. 1.67 lakh crores. This marks the highest number of IPOs recorded in any calendar year, demonstrating the growing confidence of investors in India’s capital markets.

    In CY 2024, there were a total of 1145 IPOs raised globally compared to 1,271 in the year before (2023). India led the chart with NSE facilitating 268 companies going for IPOs raising total fundraising of approximately ₹ 1.67 lakh crores ($ 19.5 bn) (including the largest IPO in India and second largest IPO globally of $3.3bn of Hyundai Motor India Ltd.). This comprises both Main Board and SME listings, 90 companies (excluding REITs, InVITS, and FPOs) listed on the Main Board, raising over ~ ₹1.59 lakh crore ($18.57 bn), while 178 SMEs collectively raised around ~ ₹ 7,349 crores ($0.86 bn),. This increase in activity reflects a robust interest from investors and a trend among companies to seek public capital for growth.

    Shri Sriram Krishnan, Chief Business Development Officer (CBDO), NSE stated, “The record number of IPOs during this calendar year highlights the resilience and potential of the Indian economy. Companies across various sectors are recognizing the value of public markets to support their growth strategies. The data suggests that NSE has alone done more IPOs than other top exchanges in Asia which includes the IPOs Japan’s (Japan Exchange Group), Hong Kong’s (Hong Kong Stock Exchange), and China’s (Shanghai Stock Exchange) have done cumulatively. Further NSE has facilitated the highest amount of Funds raised through IPOs in CY2024 of $17.3 Bn vis a vis other Global exchanges like NYSE of $ 15.9 bn, and Shanghai Stock Exchange $ 8.8 Bn”.

    The below table highlights the impressive performance of the NSE visa vis other top exchanges in Asia which includes, Japan’s (Japan Exchange Group), Hong Kong’s (Hong Kong Stock Exchange), and China’s (Shanghai Stock Exchange). Additionally, the data illustrates Funds raised in IPOs ($bn) by the top 5 stock exchanges. This reflects that India’s NSE has achieved remarkable growth in terms of the number of listings & funds raised vis a vis other major global exchange.

    CountryExchangeNumber of IPOsIndiaNational Stock Exchange of India268JapanJapan Exchange Group (Combination of Six exchanges)93Hong KongHong Kong Stock Exchange66ChinaShanghai Stock Exchange101CountryExchangeTotal Amount Raised ($bn) (approx.)IndiaNational Stock Exchange of India19.5*USANASDAQ16.5USANYSE15.9Hong KongHong Kong Stock Exchange10.4ChinaShanghai Stock Exchange8.8

    *Based on RBI reference rate of 85.62 for USD-INR as of 31.12.2024

    As we look toward 2025, NSE remains committed to strengthening its platform for higher capital raising and supporting businesses at various stages of their growth journey.