Latest news with #Balasubramaniam
Time of India
08-07-2025
- Business
- Time of India
NSE International Exchange set for first foreign-currency listing
India's NSE International Exchange is aiming to attract its first equity listing in a foreign currency this quarter, a milestone it says will demonstrate a new fundraising avenue for firms. The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City , is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tan Binh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo GIFT City is an initiative of Prime Minister Narendra Modi aimed at positioning India as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it a more attractive for international capital raising. A number of Chinese companies have gone ahead with international listings in Hong Kong, and some of them have now become global multinationals, Balasubramaniam said. 'It's the same opportunity that GIFT City is offering to Indian corporates.' There are five to six companies preparing to list, he said. Live Events The planned listing will help underscore the growing sophistication of India's capital markets and offer companies an alternative to domestic exchanges. A foreign-currency listing in GIFT City may also benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs. The Securities and Exchange Board of India is working with the International Financial Services Centres Authority — GIFT City's unified regulator — to address outstanding regulatory issues, Balasubramaniam said. Once resolved, this will enable already listed Indian companies to raise capital on the international exchanges, he said. 'An Indian company that is already listed can decide to do a follow-on public offering in GIFT City as a separate dollar float, or it could do an offer for sale,' he said. Indian companies have previously accessed overseas markets primarily through instruments such as American depository receipts. Firms in the nation raised more than $20 billion via initial share sales last year. The absence of securities transaction and capital gains taxes in GIFT City is another major incentive for foreign investors, Balasubramaniam said.
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Business Standard
08-07-2025
- Business
- Business Standard
NSE GIFT City exchange plans first equity listing in foreign currency
The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut Bloomberg By Subhadip Sircar and Saikat Das India's NSE International Exchange is aiming to attract its first equity listing in a foreign currency this quarter, a milestone it says will demonstrate a new fundraising avenue for firms. The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names. GIFT City is an initiative of Prime Minister Narendra Modi aimed at positioning India as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it a more attractive for international capital raising. A number of Chinese companies have gone ahead with international listings in Hong Kong, and some of them have now become global multinationals, Balasubramaniam said. 'It's the same opportunity that GIFT City is offering to Indian corporates.' There are five to six companies preparing to list, he said. The planned listing will help underscore the growing sophistication of India's capital markets and offer companies an alternative to domestic exchanges. A foreign-currency listing in GIFT City may also benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs. The Securities and Exchange Board of India is working with the International Financial Services Centres Authority — GIFT City's unified regulator — to address outstanding regulatory issues, Balasubramaniam said. Once resolved, this will enable already listed Indian companies to raise capital on the international exchanges, he said. 'An Indian company that is already listed can decide to do a follow-on public offering in GIFT City as a separate dollar float, or it could do an offer for sale,' he said. Indian companies have previously accessed overseas markets primarily through instruments such as American depository receipts. Firms in the nation raised more than $20 billion via initial share sales last year. The absence of securities transaction and capital gains taxes in GIFT City is another major incentive for foreign investors, Balasubramaniam said.
Economic Times
08-07-2025
- Business
- Economic Times
NSE International Exchange set for first foreign-currency listing
India's NSE International Exchange is aiming to attract its first equity listing in a foreign currency this quarter, a milestone it says will demonstrate a new fundraising avenue for firms. ADVERTISEMENT The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut, chief executive officer V. Balasubramaniam said in an interview. These may be Indian firms with foreign holdings or even Silicon Valley or Delaware-based entities, he said, without providing any names. GIFT City is an initiative of Prime Minister Narendra Modi aimed at positioning India as a global financial hub to rival Dubai or Hong Kong. The zone offers exemptions from certain taxes and regulatory restrictions, making it a more attractive for international capital raising. A number of Chinese companies have gone ahead with international listings in Hong Kong, and some of them have now become global multinationals, Balasubramaniam said. 'It's the same opportunity that GIFT City is offering to Indian corporates.' There are five to six companies preparing to list, he said. The planned listing will help underscore the growing sophistication of India's capital markets and offer companies an alternative to domestic exchanges. A foreign-currency listing in GIFT City may also benefit Indian firms looking to expand globally by reducing currency conversion and hedging costs. ADVERTISEMENT The Securities and Exchange Board of India is working with the International Financial Services Centres Authority — GIFT City's unified regulator — to address outstanding regulatory issues, Balasubramaniam said. Once resolved, this will enable already listed Indian companies to raise capital on the international exchanges, he said.'An Indian company that is already listed can decide to do a follow-on public offering in GIFT City as a separate dollar float, or it could do an offer for sale,' he said. ADVERTISEMENT Indian companies have previously accessed overseas markets primarily through instruments such as American depository receipts. Firms in the nation raised more than $20 billion via initial share sales last absence of securities transaction and capital gains taxes in GIFT City is another major incentive for foreign investors, Balasubramaniam said. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Newsweek
24-06-2025
- Health
- Newsweek
New Bat Viruses Discovered in China 'Raising Urgent Concerns'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Twenty new viruses have been discovered within bats in China, "raising urgent concerns" that these diseases might spill over into livestock or even humans. Using genetic sequencing, researchers identified 22 viruses in the kidney tissues of 142 bats collected in Yunnan province between 2017 and 2021—with two being genetically similar to the deadly Hendra and Nipah henipaviruses. The analysis also unveiled other species of bacteria and a parasite which had all previously been unknown to science. According to the team, the bats were found roosting near fruit orchards adjacent to rural yet populated villages. The researchers have warned that urine can serve as a transmission route in henipaviruses, raising the risk that the bats could contaminate fruit consumed by humans or animals, potentially paving the way to an outbreak. From left: A greater bamboo bat; and an image of the Hendra virus. From left: A greater bamboo bat; and an image of the Hendra virus. Getty Images The study—in particular the discovery of two previously unknown henipaviruses now named Yunnan bat henipavirus 1 and 2—marks the first full-length genomes of this virus type detected in Chinese bats. "These viruses are particularly concerning because they were predominantly found in bat kidneys, a site linked to urine production, raising alarm about potential human exposure via contaminated fruits or water," said molecular virologist professor Vinod Balasubramaniam of Australia's Monash University in a statement. Henipaviruses have been responsible for high-fatality outbreaks in the past. The newly identified Yunnan bat viruses share 52 to 57 percent of their genetic material with these dangerous counterparts. Balasubramaniam said that the research highlights Yunnan as a critical region for zoonotic emergence due to how similar its climate is to Nipah-affected parts of the world, like Malaysia. Alongside the virus discoveries, the team also reported finding a previously unknown single-celled parasite named Klossiella yunnanensis, and two highly-abundant bacterial species—one of which, Flavobacterium yunnanensis, is described for the first time. Read more Overlooked bat viruses may be "small step" from causing next pandemic Overlooked bat viruses may be "small step" from causing next pandemic While past virological studies in bats had focused on fecal samples, the study made sure to shift its attention to internal organs—especially the kidneys—due to their role in disease transmission. The findings suggest a broader range of microbial threats may be harbored in these under-studied tissues, potentially increasing the risk of zoonotic transmission. Bat-borne viruses have been implicated in several major zoonotic disease outbreaks, including Ebola, Marburg, SARS, MERS, and COVID-19. These pathogens can jump to humans directly or through intermediate hosts, often via ingestion of contaminated food or water. Do you have a tip on a science story that Newsweek should be covering? Do you have a question about zoonotic viruses? Let us know via science@ Reference Kuang, G., Yang, T., Yang, W., Wang, J., Pan, H., Pan, Y., Gou, Q., Wu, W., Wang, J., Yang, L., Han, X., Chen, Y., Eden, J.-S., Holmes, E. C., Shi, M., & Feng, Y. (2025). Infectome analysis of bat kidneys from Yunnan province, China, reveals novel henipaviruses related to Hendra and Nipah viruses and prevalent bacterial and eukaryotic microbes. PLOS Pathogens, 21(6).
Business Standard
23-06-2025
- Business
- Business Standard
JKLU Professor First Indian to Win Hills Millennium Award for International Designers
NewsVoir Jaipur (Rajasthan) [India], June 23: Prof. A Balasubramaniam, the founding Director of the Institute of Design at JK Lakshmipat University (JKLU) in Jaipur has become the first Indian to win the Hills Millennium Award 2025, a prestigious award for international designers presented annually by the UK-based Institute of Engineering Designers (IED). Prof. Balasubramaniam was selected for the award in recognition of his lasting contributions to the field of product design. He will be felicitated on 12th July in Birmingham, UK. The Hills Millennium Award is given annually by IED to an international designer who has made major contributions to the professional areas of Engineering Design, and/or Product Design. Prof. Balasubramaniam has designed market-leading products, as diverse as tractors and torches, for industry leaders such as Eveready, Eicher, Usha, Hero Motors, Bajaj, and intergovernmental organisations such as UNDP. He was a consultant to National Innovation Foundation and NIIT. He also writes a popular blog on Design practice in India. The selection of Professor Balasubramaniam for Hills Millennium Award 2025 is a testament to the growing influence of Indian designers at the world stage. "India's design ethos - rooted in centuries of craft, innovation, and cultural heritage - has long shaped global sensibilities, often without due recognition. That is why it is heartening to see the international design community acknowledge this legacy by honouring Prof. Balasubramaniam with the Hills Millennium Award," said Professor Alka Mahajan, Pro Vice Chancellor, JK Lakshmipat University. An alumnus of National Institute of Design, Ahmedabad, he had served as the National President of ADI (Association of Designers of India) from 2022-24. Before joining the Institute of Design at JK Lakshmipat University, he was the Dean of IILM School of Design in Gurgaon from 2007 to 2010 and has also been a member of the Academic Board for several design institutes, including the School of Planning and Architecture, New Delhi (SPA New Delhi) and Nirma University. "I am deeply honoured and humbled by the Institute of Engineering Designers' recognition. This prestigious award is not just a personal achievement, but a reflection of the collective effort to expand the global design dialogue. I truly believe this recognition signals a critical shift toward a more inclusive narrative in design - one that values and amplifies the diverse voices and traditions shaping our field," Prof. Balasubramaniam said on winning the award. Past winners of the Hills Millennium Award include the legendary automative designer Frank Stephenson, the designer behind some of the world's most iconic cars, including the 2001 MINI Cooper, Ferrari F430, and McLaren P1, among others. Other awardees include Dorian Marjanovic, Professor Emeritus at University of Zagreb; veteran engineering design professional Crispin Hales; and Marcus Engman, Creative Director at IKEA Retail. The Institution of Engineering Designers is a British professional engineering institution founded in 1945. (ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
