NDTV

** Shares of New Delhi Television NDTV.NS down 2.5% to 81.2 rupees

** Broadcaster posts wider quarterly loss at 802.5 mln rupees ($8.7 mln) in Q3 vs 556.9 mln rupees a year ago; co logs losses for the ninth straight quarter

** NDTV reported a 20.9% surge in expenses due to higher operating, production and marketing costs, outpacing a 13.3% increase in rev from ops

** Stock down 15% in Jan so far

** NDTV dropped 25% in 2025, falling for third straight year

($1 = 91.9680 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Jan 28 (Reuters) - India's New Delhi Television NDTV.NS posted its ninth-straight quarterly loss on Wednesday, as the news broadcaster's higher expenses continued to pressure margins.

The broadcaster, in which ports-to-energy conglomerate Adani Group owns a 69.02% stake, has been investing in newly launched TV channels and infrastructure, such as NDTV World and NDTV Marathi, alongside other programs and events, which has kept margins under pressure.

NDTV reported a 20.9% surge in expenses due to higher operating, production and marketing costs, outpacing a 13.3% increase in revenue from operations to 1.5 billion rupees, driven by its expanding channel portfolio.

Additionally, Indian consumer goods makers, who typically spend the most on television advertising, have reined in their spending due to muted demand amid rising costs of living.

Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, flagged a weak advertising environment, saying TV news ad inventory demand fell more than 10% year-on-year during the quarter.

Zee Enterprises ZEE.NS, which runs entertainment channels, also reported a decline in ad revenue amid soft advertising conditions.

The company reported a loss of 802.5 million rupees ($8.72 million) in the October-December quarter, compared to a loss of 556.9 million rupees a year earlier.

NDTV did not disclose its ad revenue for the quarter.

The company's shares closed up 1.8% ahead of results on Wednesday.

Other rivals, TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS, are yet to report their results.

($1 = 92.0100 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema and Vijay Kishore)

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** India's Adani group stocks rise between 1.6% and 5.4%, after Friday's sharp falls

** Adani Enterprises ADEL.NS and Adani Ports APSE.NS rise 5.4% and 4.3%, respectively; among top three gainers on Nifty 50 .NSEI, which is up 0.2%

** Adani Green ADNA.NS, Adani Energy ADAI.NS and Adani Power ADAN.NS rise 2.5% to 4.5%

** Group stocks slid as much as 14.5% on Friday, losing $12.5 billion market capitalization

** U.S. markets regulator asked a court for help in serving summonses upon founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme

** Adani group calls the allegations "baseless" and says it would seek "all possible legal recourse" to defend itself

** More than 2 million ADEL shares change hands, ~2x of 30-day avg daily volume

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of New Delhi Television NDTV.NS fall as much as 2.7% to 90.20 rupees

** Set for the fifth straight sessions of loses

** Adani owned news broadcaster gets tax penalty of 339.4 million rupees ($3.77 million) notice from the Goods and Services Tax department

** No immediate impact on the financial position, operations - NDTV

**In 2025, NDTV down ~25%

($1 = 89.9840 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

Oct 29 (Reuters) - New Delhi Television Ltd NDTV.NS:

• AKHIL KUMAR GUPTA APPOINTED AS CFO EFFECTIVE DECEMBER 1, 2025

• Q2 CONSOL NET LOSS 741.1 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 1.22 BILLION RUPEES

Source text: ID:nBSE1sYRkb

Further company coverage: NDTV.NS

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Sept 23 (Reuters) - New Delhi Television Ltd NDTV.NS:

• LAUNCHES NDTV GOOD TIMES FOR LIVE CONCERTS

Source text: ID:nBSE9dX8L9

Further company coverage: NDTV.NS

(([email protected];;))

Sept 19 (Reuters) - New Delhi Television Ltd NDTV.NS:

• NEW DELHI TELEVISION LTD - BOARD APPROVES ACQUISITION OF 'GOODTIMES' CHANNEL

• NEW DELHI TELEVISION LTD - LUMPSUM CONSIDERATION UP TO 180 MILLION RUPEES

Source text: ID:nBSE3hTnPk

Further company coverage: NDTV.NS

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** News broadcaster NDTV NDTV.NS rises 4.4% to 131 rupees, highest since June 12

** Stock set for fifth straight session of gains, rising 18.7% in the period

** Co approved rights issue worth 4 bln rupees ($45.3 million) in 3:4 ratio at 82 rupees on Monday

** More than 386,000 shares traded, 5.5x the 30-day avg

** NDTV up 2.7% YTD

($1 = 88.2940 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Sept 2 (Reuters) - New Delhi Television Ltd NDTV.NS:

• BOARD APPROVES 4 BILLION RUPEES RIGHTS ISSUE

Source text: ID:nBSEbCWVvV

Further company coverage: NDTV.NS

(([email protected];;))

Aug 28 (Reuters) - New Delhi Television Ltd NDTV.NS:

• BOARD TO MEET SEPTEMBER 2 TO CONSIDER FUND RAISING

Source text: ID:nBSE7VN9hg

Further company coverage: NDTV.NS

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** Shares of micro-irrigation companies Jain Irrigation Systems JAIR.NS and Mahindra EPC Irrigation MHID.NS rise 3.5% and 20%, respectively, extending previous session gains of 6.3% and 2.5%

** Rally fueled by expectations of zero GST on sprinklers and other irrigation equipment, which are currently taxed at 12%

** NDTV Profit reports, citing sources, about a government proposal to remove GST on key farm tools, signaling relief for agri-input costs

** Indian government is pushing for the country's biggest tax overhaul in eight years, aiming to cut levies on everyday goods and shift to a simplified two-slab GST structure

** GST Council likely to decide on tax reforms in September–October meeting

** Year-to-date, JAIR down 25%, while MHID up 35%

(Reporting by Bharath Rajeswaran in Bengaluru)

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Adds background in paragraphs 3-6

July 16 (Reuters) - Air India has completed the inspection of fuel control switches on Boeing 787 planes BA.N with no issues being found, Indian broadcaster NDTV said on Wednesday, citing an official.

Boeing and Air India did not immediately respond to Reuters requests for comment. Reuters could not immediately verify the NDTV report.

India on Monday ordered its airlines to examine fuel switches on several Boeing aircraft models, while South Korea ordered a similar measure on Tuesday, as scrutiny intensified of fuel switch locks at the centre of an investigation into a deadly Air India crash last month that killed 260 people.

India's Directorate General of Civil Aviation (DGCA) had said it issued an order to investigate locks on several Boeing models, including 787s and 737s, after several Indian and international airlines began making their own inspections of fuel switches.

A preliminary report released last week into the crash found the switches had almost simultaneously flipped from run position to cutoff shortly after takeoff.

The Boeing Dreamliner bound for London from the Indian city of Ahmedabad began to lose thrust and sink shortly after takeoff, according to the report on the world's deadliest aviation accident in a decade.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Devika Syamnath)

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Changes date; Adds Adani Green's response in paragraph 6, updates stock moves in paragraph 9

May 5 (Reuters) - Representatives for Indian billionaire Gautam Adani met officials from U.S. President Donald Trump's administration to seek dismissal of criminal charges in an overseas bribery probe, with a resolution possible in a month, Bloomberg News reported.

In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging they paid bribes to secure power supply contracts, and misled U.S. investors during fund raises there.

The U.S. financial regulator summoned the duo, alleging they misled investors on compliance during a $750 million Adani Green ADNA.NS bond sale in the United States.

The billionaire's aides are trying to make the case that his prosecution does not align with Trump's priorities and should be reconsidered, Bloomberg News reported on Sunday, citing sources familiar with the matter.

The discussions began earlier this year and have picked up in recent weeks, with a resolution possible within a month if the momentum continues, the report said.

Adani Green, in a statement on Monday, reiterated it was not part of any proceedings, but it did not directly comment on the report about the meetings. It had recently said its review of the indictment found no non-compliance or irregularities.

The Justice Department and White House declined comment to Bloomberg on the report and did not respond to Reuters for comment outside business hours.

Adani Enterprises, the group's flagship firm, also did not respond to a request for comment. The group has previously denied any wrongdoing.

Shares of Adani Group's nine Indian listed companies rose between 1.7% and 10.5% on Monday, amid a 0.6% increase in the broader market.

The indictment has erased about $13 billion in market value from Adani Group's nine listed firms.

(Reporting by Bipasha Dey, Nandan Mandayam and Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee and Mrigank Dhaniwala)

(([email protected];))

April 25 (Reuters) - Indian news broadcaster NDTV NDTV.NS posted its sixth consecutive quarterly loss on Friday, with a sixfold increase, due to higher production and marketing costs.

The company, primarily owned by Adani Group, has scaled up its operations over the past year by investing in distribution, digital infrastructure, brand building and new channel launches such as NDTV Marathi and NDTV World.

While such investments and moves led to a bottom-line loss in the year, "these foundational investments will yield strong returns in the years ahead," the broadcaster said in an exchange filing.

Last week, Reliance Group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, posted a narrower quarterly loss after reining in its expenses.

NDTV reported a loss of 608.8 million rupees ($7.13 million) for the January-March quarter, compared with 84.6 million rupees a year earlier.

Total expenses of the broadcaster operating channels like NDTV 24x7 and NDTV India jumped 50%.

The broadcaster reported a 19% rise in operational revenue to 1.27 billion rupees but did not disclose the portion from advertising, typically the main revenue source for media companies.

The company's shares dropped 4% ahead of results.

($1 = 85.3670 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Vijay Kishore)

(([email protected]))

Adds context on importance of India market for OpenAI in paragraph 3, Open AI comment in paragraph 10, global AI market estimates in paragraph 12

By Aditya Kalra and Arpan Chaturvedi

NEW DELHI, Jan 27 (Reuters) - Digital news units of Indian billionaires Gautam Adani and Mukesh Ambani, and other outlets including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show.

Courts globally are hearing claims by authors, news organisations and musicians who accuse technology firms of using their copyrighted work to train AI services without permission or payment.

India has more than 690 million smartphone users thanks to cheap mobile data plans and OpenAI has said the country is a critical market.

The Indian media outlets, including Adani's NDTV NDTV.NS and Ambani's Network18 NEFI.NS, have told a New Delhi court they want to join an ongoing lawsuit against the ChatGPT creator as they are worried their news websites are being scraped to store and reproduce their work for users of the powerful AI tool.

Reuters was first to report the case filing by the news publishers, which escalates an ongoing legal battle against ChatGPT in India. In the most high-profile battle, local news agency ANI was first to file a lawsuit against OpenAI last year. Global and Indian book publishers have also joined the lawsuit.

The 135-page case filing, which is not public but was reviewed by Reuters, argues OpenAI's conduct constitutes "a clear and present danger to the valuable copyrights" of Digital News Publishers Association (DNPA) members and other outlets.

It refers to OpenAI's "wilful scraping ... and adaptation of content", adding that "the disproportionate power of tech companies in prioritising content and extracting advertising revenue has raised concerns among publishers."

The filing was made by the Indian Express, Hindustan Times, Adani's NDTV and the DNPA, which represents roughly 20 companies including Mukesh Ambani Network18 and players like Hindi daily Dainik Bhaskar, Zee News, India Today Group and the Hindu. Many of these outlets have a flourishing newspaper and television news business too.

The Times of India is not part of the legal challenge despite being member of the DNPA, the filing said, without elaborating on the reasons.

Asked for comment, OpenAI reiterated an earlier statement that it was engaged in constructive partnerships with many news organisations, including in India, and was using publicly available data in a manner protected by fair use principles to builds its AI models.

None of the Indian media companies involved immediately responded to Reuters request for comment.

The global AI market is expected to grow to $320 billion to $380 billion by 2027, expanding 25% to 35% each year, with the India market likely to follow that trend, according to Boston Consulting Group and India's tech lobby group NASSCOM.

LANDMARK INDIA CASE

In the United States, the New York Times sued OpenAI and its largest financial backer Microsoft MSFT.O in December 2023, accusing them of using millions of its articles without permission to train chatbots to provide information to users.

The new Indian intervention will add firepower to ANI's lawsuit against OpenAI in India's most high-profile legal proceedings on the issue.

A hearing in ANI's lawsuit against OpenAI is scheduled for Tuesday.

Responding to the ANI case, OpenAI said in a court filing reported by Reuters last week that any order to delete training data would result in a violation of its U.S. legal obligations, and Indian judges have no jurisdiction to hear a copyright case against the company as its servers are located abroad.

Reuters, which holds a 26% interest in ANI, has said in a statement it is not involved in ANI's business practices or operations.

In recent months, OpenAI has signed deals with Time magazine, the Financial Times, Business Insider-owner Axel Springer, France's Le Monde and Spain's Prisa Media to display content.

The Indian publishers in their new filing argue OpenAI has entered into partnership agreements with media outlets abroad, but has not entered into similar deals in India, hurting the media companies.

Such conduct by OpenAI "in India betrays an inexplicable defiance of the law," the Indian media outlets' filing said.

The publishers also said OpenAI was set to become a profit-driven business benefiting from the creative works of the media industry. This would result in a "weakened press" and would not be in the best interests of a vibrant democracy, their filing said.

OpenAI made its first India hire last year when it tapped a former WhatsApp executive, Pragya Misra, to handle public policy and partnerships in the country of 1.4 billion people.

"India is really important because it's the youngest demographic in the world ... we've seen massive uptake of ChatGPT, it's almost our second largest country in terms of users outside of the US," Misra said in a recent interview with AIM TV.

OpenAI kicked off an investment, consumer and corporate frenzy in generative AI after the Nov. 2022 launch of ChatGPT. It wants to be ahead in the AI race after raising $6.6 billion last year.

(Reporting by Aditya Kalra and Arpan Chaturvedi; Additional reporting by Praveen Paramasivam; Editing by Sonali Paul and Kate Mayberry)

((Email: [email protected]; X: @adityakalra;))

Jan 24 (Reuters) - New Delhi Television Ltd NDTV.NS:

• CBI CLOSURE REPORT ACCEPTED BY COURT, NO CRIMINALITY FOUND AGAINST CERTAIN ACCUSED PERSONS

Source text: ID:nBSE6ScnbP

Further company coverage: NDTV.NS

(([email protected];;))

** Shares of Adani Ports APSE.NS rise 7% to 1,302 rupees, recouping all losses since U.S. indictment on Nov. 21

** Bernstein says APSE valuations cheaper compared to rivals JSW infrastructure JSWN.NS and Container Corporation of India CCRI.NS

** Kotak has Adani Ports as its top pick within transportation space on improved market reach

** APSE up for third straight session, rising 12.2%

** U.S. authorities filed criminal charges against Adani Group chairman Gautam Adani and other key executives for alleged bribery, which the conglomerate denied as "baseless"

** APSE up 27% YTD, top gainer among 10 listed Adani Group stocks

** Ambuja Cements ABUJ.NS climbs 5%, also recouping losses on Tuesday

** Other Adani stocks that recovered losses include Adani Total Gas ADAG.NS, up 0.1% on the day; ACC ACC.NS, which has risen 2.8%, and NDTV NDTV.NS, up 1.8%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Repeats to additional subscribers; no change to text

** Adani Green Energy ADNA.NS jumps 9% to 1,446.6 rupees, recouping all losses since U.S. indictment on Nov. 21

** U.S. authorities filed criminal charges against Adani Group chairman Gautam Adani and other key executives for alleged bribery and fraud

** However, the conglomerate has denied all allegations as "baseless"

** ADNA extends gains for a fourth straight session; had gained ~34% in last three sessions

** Stock down 11.7% YTD

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Adds quotes, background

NEW DELHI, Nov 28 (Reuters) - Both houses of Indian parliament were suspended temporarily on Thursday within minutes of opening as opposition lawmakers disrupted proceedings for the third day this week seeking a discussion on allegations against the Adani Group.

U.S. authorities have accused Gautam Adani, his nephew Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian solar power supply contracts, and misleading U.S. investors during fund raises there.

"We want a discussion on this in parliament. It is going to be the third day that we are demanding a reply from the prime minister" on the Adani issue, Manickam Tagore, a lawmaker from the main opposition Congress party, which has been leading the protests against the business group, told news agency ANI.

Many of India's opposition parties accuse Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) of favouring Adani and blocking investigations against him in India, accusations both have denied.

Congress leader Rahul Gandhi, who has been a vocal critic of Adani, said Gautam Adani, 62, should be arrested.

While the government has not made any comment on the indictment, Modi's BJP has said it had no reason to defend Adani, adding that the party was not against industrialists and considered them partners in nation-building efforts.

"Let him defend himself," BJP spokesperson Gopal Krishna Agarwal said on Tuesday, adding that the law would take its course.

(Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)

(([email protected];))

Corrects paragraph 17 to remove language suggesting that Gautam Adani faces a criminal charge of foreign bribery, independent of the three criminal charges he faces

BENGALURU, Nov 27 (Reuters) - Indian billionaire Gautam Adani's indictment by U.S. authorities for his alleged role in a $265 million bribery scheme has sent shockwaves through his eponymous ports-to-soybeans conglomerate. The Adani Group denies the allegations.

Here is what you need to know.

THE MAJOR U.S. INDICTMENT

Gautam Adani, one of world's richest people, faces his biggest challenge after he was charged along with seven others over alleged bribery related to power supply deals in India, in what U.S. authorities called "The Corrupt Solar Project".

Adani Group, which runs several key infrastructure projects across the globe, says the allegations are baseless and has vowed to seek "all possible legal recourse".

The group's CFO has said the indictment is linked to one Adani Green Energy contract that makes up some 10% of the unit's business.

Meanwhile, Indian Prime Minister Narendra Modi's party has distanced itself from the billionaire amid opposition calls for a probe and allegations that Modi is shielding Adani, charges his ruling party deny.

There is also a growing spotlight on Sagar Adani, a millennial scion of the company who is alleged to have kept track of hundreds of millions of dollars paid to Indian officials in what U.S. authorities described as "bribe notes".

The alleged bribes caught the attention of U.S. authorities when Adani's companies were raising funds from U.S.-based investors in transactions starting in 2021.

DISCLOSURE ISSUES, STOCK ROUT AND FALLOUT

The scandal has also raised concerns about market and public disclosure lapses by Adani Group, with authorities alleging the company issued false statements earlier this year related to its knowledge of the U.S. investigation.

The U.S. indictment has kept Adani Group's debt and equity under pressure, further exacerbated by credit ratings agencies including Fitch and Moody's cutting their outlook for several of the listed companies owned by the conglomerate.

The indictment has had other ramifications across the globe, including some bankers considering pausing fresh lending to the group and oil major TotalEnergies halting any further investments into Adani Group.

Kenya has ordered the cancellation of Adani infrastructure deals worth more than $2.5 billion and a U.S. development agency is 'assessing ramifications' on a Sri Lanka Adani port project it had agreed to finance.

In Bangladesh, a government panel has sought legal help for its investigation of power deals including one with Adani, while in India, a key southern state which figured in the indictment charges, Andhra Pradesh, is considering suspending a power purchase deal with Adani.

WHAT NEXT FOR ADANI, LEGAL OPTIONS

A key question is what next for Gautam Adani? He is charged with securities fraud, securities fraud conspiracy and wire fraud conspiracy.

Adani has not been arrested and his whereabouts are unknown, although he is believed to be in India.

A trial could still be a long way off, even if Adani is extradited or surrenders in the U.S.

If convicted, Adani could face decades in prison as well as monetary penalties, although any sentence would ultimately be up to the judge overseeing the case.

For now, Adani has to answer U.S. SEC allegations within 21 days, a court directive states.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra, Sonali Paul, Toby Chopra and Alexander Smith)

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Ambuja Cements Ltd ABUJ.NS:

• SRI LANKA'S FINANCE MINISTRY AND FOREIGN MINISTRY STUDYING ADANI ALLEGATIONS - CABINET SPOKESPERSON

• SRI LANKA TAKING CONCERNS SERIOUSLY, WILL CONSIDER ALL ASPECTS OF ADANI PROJECTS BUT NO FINAL DECISION MADE YET - CABINET SPOKESPERSON

Source text: [ID:]

Further company coverage: ABUJ.NS

Updates with moves by Bangladesh and US government bodies, CFO statement

BENGALURU, Nov 25 (Reuters) - Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, sending shockwaves across his eponymous ports-to-soybeans business conglomerate.

Here is what you need to know about the U.S. indictment.

THE MAJOR U.S. INDICTMENT

Gautam Adani, one of world's richest people, faces his biggest challenge after being charged with seven others for alleged bribery related to power supply deals from energy projects in India, with U.S. authorities calling it "The Corrupt Solar Project".

Adani Group, which runs several key infrastructure projects across the globe, says the allegations are baseless and has vowed to seek "all possible legal recourse".

The group's CFO has said the indictment is linked to one Adani Green Energy contract that makes up some 10% of the unit's business.

There is also a growing spotlight on Sagar Adani, a millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials, in notes the prosecutors described as "bribe notes".

The alleged bribes caught the attention of U.S. authorities when Adani's companies were raising funds from U.S.-based investors in transactions starting in 2021.

DISCLOSURE ISSUES, STOCK ROUT AND FALLOUT

The scandal has also raised concerns about market and public disclosure lapses by Adani Group, with prosecutors alleging the company issued false statements earlier this year related to its knowledge of the U.S. investigation.

The U.S. indictment has kept Adani Group's debt and equity under pressure. Its dollar bond prices have fallen to almost a one-year low.

The indictment appears to now have ramifications across the globe, including news that some bankers are considering pausing fresh lending to the group.

Kenya has ordered the cancellation of Adani infrastructure deals worth over $2.5 billion and a U.S. development agency is 'assessing ramifications' on a Sri Lanka Adani port project it had agreed to finance. In Bangladesh, a government panel has sought legal help for its investigation of power deals including one with Adani.

Back in India, opposition parties have demanded a probe into allegations of wrongdoing and said they would raise the issue in parliament.

WHAT NEXT FOR ADANI, LEGAL OPTIONS

A key question is what is next for Gautam Adani? He is charged with foreign bribery, securities fraud, securities fraud conspiracy and wire fraud conspiracy.

Adani has not been arrested and his whereabouts are unknown, though he is believed to be in India.

A trial could still be a long way off, even if Adani is extradited or surrenders in the U.S.

If convicted, Adani could face decades in prison as well as monetary penalties, though any sentence would ultimately be up to the judge overseeing the case.

For now, Adani has to answer U.S. SEC allegations within 21 days, a court directive states.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra, Sonali Paul and Toby Chopra)

(([email protected];))

BENGALURU, Nov 22 (Reuters) - Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, sending shockwaves across his eponymous $142 billion ports-to-soybeans business conglomerate.

Here is what you need to know about the U.S. indictment.

THE MAJOR U.S. INDICTMENT

Gautam Adani, one of world's richest people, faces his biggest challenge after being charged with seven others for alleged bribery related to power supply deals from energy projects in India, with U.S. authorities calling it "The Corrupt Solar Project".

Adani Group says the allegations are baseless and has vowed to seek "all possible legal recourse".

There is a growing spotlight on Sagar Adani, a millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials, in notes the prosecutors described as "bribe notes".

The alleged bribes caught the attention of U.S. authorities as Adani's companies were raising funds from U.S.-based investors in several transactions starting 2021.

STOCK ROUT AND FALLOUT

The U.S. indictment has jolted Adani Group debt and equity. Adani Group bonds dropped for a second session after the news. However, stocks in the conglomerates' companies stabilized on Friday, a day after nearly $27 billion was knocked off from the combined market value of those shares.

In a major blow, Kenya ordered the cancellation of Adani infrastructure deals worth over $2.5 billion. And back in India, opposition parties have demanded a probe into allegations of wrongdoing and said they would raise the issue in parliament.

WHAT NEXT FOR ADANI, LEGAL OPTIONS

A key question is what is next for Gautam Adani? He is charged with foreign bribery, securities fraud, securities fraud conspiracy and wire fraud conspiracy.

Adani has not been arrested and his whereabouts are unknown, though he is believed to be in India.

A trial could still be a long way off, even if Adani is extradited or surrenders in the U.S.

If convicted, Adani could face decades in prison as well as monetary penalties, though any sentence would ultimately be up to the judge overseeing the case.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra and Sonali Paul)

(([email protected];))

Nov 21 (Reuters) - Shares of Adani Group companies fell sharply on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises ADEL.NS fell 10% in pre-open trade, while Adani Ports APSE.NS, Adani Total Gas ADAG.NS, Adani Green ADNA.NS, Adani Power ADAN.NS, Adani Wilmar ADAW.NS and Adani Energy Solutions ADAI.NS, ACC ACC.NS, Ambuja Cements ABUJ.NS and NDTV NDTV.NS fell between 7% and 18%.

U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani did not immediately respond to Reuters' requests for comment.

($1 = 84.4000 Indian rupees)

(Reporting by Sethuraman NR; Editing by Muralikumar Anantharaman)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Oct 23 (Reuters) - New Delhi Television Ltd NDTV.NS:

• NEW DELHI TELEVISION Q2 CONSOL NET LOSS 527.7 MILLION RUPEES

• NEW DELHI TELEVISION Q2 CONSOL REVENUE FROM OPERATIONS 1.11 BILLION RUPEES

Source text for Eikon: ID:nnAZN2HGNPS

Further company coverage: NDTV.NS

(([email protected];))

BENGALURU, July 29 (Reuters) - Indian broadcaster NDTV NDTV.NS reported a wider first-quarter loss on Monday, as a rise in expenses overshadowed revenue from political advertisements during the country's general elections.

The Adani Group-owned news broadcaster reported a loss of 467.5 million rupees ($5.6 million) in the April-June period, compared to a loss of 81.3 million rupees a year before.

Quarterly expenses were surged around 77%, with production costs, among broadcasters' biggest expenses, up 80% and marketing spends related to a newly-launched regional channel tripling.

Advertising, a news channel's biggest source of revenue, has been frail for over a year as businesses cut back on marketing spends amid high inflation, dragging NDTV and Reliance Industries-owned Network18 Media NEFI.NS to a string of losses.

Earlier this month, Network18 said it benefited from the general elections, which lasted from April to June.

Political advertisements boosted NDTV's revenue by 34% to 939.2 million rupees, its second straight rise after five consecutive quarters of a revenue fall.

Since its takeover by the Adani Group in late 2022, NDTV has launched new channels, such as NDTV Profit, as it looks to catch up and compete with Network18 and Zee Media ZEEN.NS.

NDTV shares were little changed after the results, ending 0.5% lower.

($1 = 83.7193 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Eileen Soreng)

(([email protected]; Mobile: +91 9591011727;))

By Sethuraman N R

BENGALURU, June 3 (Reuters) - Shares of three Adani Group companies hit record highs Monday amid a broad-based rally in the infrastructure-focussed Indian conglomerate after exit polls predicted a third straight term for Prime Minister Narendra Modi's government.

The 10-company conglomerate, led by billionaire Gautam Adani, has invested billions of dollars in mining, ports, trading, electricity and gas among other sectors to benefit from the Modi government's emphasis on infrastructure development.

On the day, shares of Adani Ports APSE.NS jumped as much as 12.8% to a record high, while Adani Power ADAN.NS surged nearly 18% and Ambuja Cements ABUJ.NS rose about 7% to also hit all-time highs.

Shares of Adani Enterprises ADEL.NS, the group's flagship firm advanced nearly 10%, while renewable energy company Adani Green ADNA.NS climbed by 14% to their highest since January 2023.

"If the current government is going to continue for a third term, the growth in infrastructure will be a big focus. Many Adani Group companies are heavily into infrastructure and hence, we are seeing action in these stocks," said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Adani Ports and Adani Enterprises were among the top 10 gainers on the benchmark Nifty 50 .NSEI index, which also rallied to a record high as the exit polls ensured political continuity.

The index has nearly doubled since 2019, when Modi was elected for a second term. The Adani Group stocks have, however, sky-rocketed between 300% and 4,500% in that period. The broader infrastructure .NIFTYINFR and energy .NIFTYENR indexes have just over doubled in value.

Citi analysts said they expect stocks exposed to the infrastructure and logistics sector, including Adani Ports, to do well in the medium term.

Among other Adani group companies, there were 5% to 9% gains in Adani Energy Solutions ADAI.NS, Adani Total Gas ADAG.NS and consumer goods company Adani Wilmar ADAW.NS, as well as news broadcaster NDTV NTDV.NS cement maker ACC ACC.NS.

(Reporting by Sethuraman NR in Bengaluru; Editing by Savio D'Souza)

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April 26 (Reuters) - New Delhi Television Ltd NDTV.NS:

• MARCH-QUARTER CONSOL NET LOSS 84.6 MILLION RUPEES VERSUS PROFIT 5.9 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.07 BILLION RUPEES VERSUS 669.6 MILLION RUPEES

Further company coverage: NDTV.NS

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April 22 (Reuters) - New Delhi Television Ltd NDTV.NS:

• BSE, NSE GRANTED APPROVAL FOR RE-CLASSIFICATION OF PRANNOY ROY, RADHIKA ROY FROM PROMOTER TO PUBLIC CATEGORY SHAREHOLDERS

Source text for Eikon: [ID:]

Further company coverage: NDTV.NS

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** Shares of TV18 Broadcast TVEB.NS fall as much as 4.6% to 45 rupees; last down 2%

** The media company posted consol net loss for the Jan-March qtr from profit a year earlier as expenses jump ~87%, rev from ops up ~66%

** Stock down 2% so far this week, on track to post second straight weekly loss

** Shares fell 8% in Jan-March qtr after posting three consecutive quarterly gains

** Another billionaire Mukesh Ambani-owned media firm, Network18 Media NEFI.NS, posted weak results; shares down 2.6%

** Including session's losses, stock down 8% YTD, NEFI and peer NDTV NDTV.NS down 0.2% and 17%, respectively

(Reporting by Manvi Pant in Bengaluru)

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