New Delhi Television
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July 17 (Reuters) - New Delhi Television Ltd NDTV.NS:
NDTV: “GOODTIMES” CHANNEL ACQUISITION TO BE COMPLETED WITHIN 3 MONTHS
Source text: [ID:]
Further company coverage: NDTV.NS
(([email protected];))
July 17 (Reuters) - New Delhi Television Ltd NDTV.NS:
NDTV: “GOODTIMES” CHANNEL ACQUISITION TO BE COMPLETED WITHIN 3 MONTHS
Source text: [ID:]
Further company coverage: NDTV.NS
(([email protected];))
MUMBAI, May 29 (Reuters) - India's markets regulator on Friday disposed of proceedings against New Delhi Television Ltd NDTV.NS, ruling that the company did not violate disclosure rules.
Here are the key details:
In 2009, NDTV's founders entered into a loan agreement that gave the lender options to acquire a significant stake in the broadcaster.
In June 2018, the Securities and Exchange Board of India (SEBI) had held that the agreement resulted in a change in control.
SEBI began disclosure violation proceedings since NDTV did not disclose the SEBI finding to stock exchanges.
The Securities Appellate Tribunal (SAT) set aside SEBI's ruling in 2022, holding that the agreement did not amount to a change in control as the options were not exercised.
In its order on Friday, SEBI noted that since there was no change in control, no disclosure obligation arose, and therefore no violation of listing rules occurred.
(Reporting by Jayshree P Upadhyay; Editing by Janane Venkatraman)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
MUMBAI, May 29 (Reuters) - India's markets regulator on Friday disposed of proceedings against New Delhi Television Ltd NDTV.NS, ruling that the company did not violate disclosure rules.
Here are the key details:
In 2009, NDTV's founders entered into a loan agreement that gave the lender options to acquire a significant stake in the broadcaster.
In June 2018, the Securities and Exchange Board of India (SEBI) had held that the agreement resulted in a change in control.
SEBI began disclosure violation proceedings since NDTV did not disclose the SEBI finding to stock exchanges.
The Securities Appellate Tribunal (SAT) set aside SEBI's ruling in 2022, holding that the agreement did not amount to a change in control as the options were not exercised.
In its order on Friday, SEBI noted that since there was no change in control, no disclosure obligation arose, and therefore no violation of listing rules occurred.
(Reporting by Jayshree P Upadhyay; Editing by Janane Venkatraman)
(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))
** Shares of NDTV NDTV.NS down 2.9% to 79.2 rupees
** Television broadcaster posts tenth consecutive quarterly loss; co's net loss widened to 978.4 million rupees for the quarter ended March 31, compared with a loss of 608.8 million rupees a year earlier
** Consolidated revenue rose 16.4% to 1.48 billion rupees
** YTD, stock down 17.2%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** Shares of NDTV NDTV.NS down 2.9% to 79.2 rupees
** Television broadcaster posts tenth consecutive quarterly loss; co's net loss widened to 978.4 million rupees for the quarter ended March 31, compared with a loss of 608.8 million rupees a year earlier
** Consolidated revenue rose 16.4% to 1.48 billion rupees
** YTD, stock down 17.2%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
April 29 (Reuters) - India's New Delhi Television NDTV.NS posted its 10th consecutive quarterly loss on Wednesday, as elevated expenses continued to weigh on the broadcaster's earnings.
Here are some details:
NDTV, in which ports-to-energy conglomerate Adani Group holds a majority stake, reported a 29.4% surge in expenses driven by higher operating, production and marketing costs
Indian broadcasters have been facing weak advertising demand as businesses cut marketing spending amid macroeconomic uncertainty and pricing pressures
NDTV has been investing in new channels and expanding its content portfolio, with offerings such as NDTV World and NDTV Marathi; these have raised operating and production costs
The company reported a widened net loss of 978.4 million rupees ($10.33 million) for the quarter ended March 31, compared with a loss of 608.8 million rupees a year earlier
Consolidated revenue rose 16.4% to 1.48 billion rupees
Rival Network18 Media NEFI.NS, controlled by the Reliance group and operating both news and entertainment channels, posted a consolidated net loss of 305.2 million rupees
Rivals TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS have yet to report
($1 = 94.7452 Indian rupees)
(Reporting by Devika Nair in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected];))
April 29 (Reuters) - India's New Delhi Television NDTV.NS posted its 10th consecutive quarterly loss on Wednesday, as elevated expenses continued to weigh on the broadcaster's earnings.
Here are some details:
NDTV, in which ports-to-energy conglomerate Adani Group holds a majority stake, reported a 29.4% surge in expenses driven by higher operating, production and marketing costs
Indian broadcasters have been facing weak advertising demand as businesses cut marketing spending amid macroeconomic uncertainty and pricing pressures
NDTV has been investing in new channels and expanding its content portfolio, with offerings such as NDTV World and NDTV Marathi; these have raised operating and production costs
The company reported a widened net loss of 978.4 million rupees ($10.33 million) for the quarter ended March 31, compared with a loss of 608.8 million rupees a year earlier
Consolidated revenue rose 16.4% to 1.48 billion rupees
Rival Network18 Media NEFI.NS, controlled by the Reliance group and operating both news and entertainment channels, posted a consolidated net loss of 305.2 million rupees
Rivals TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS have yet to report
($1 = 94.7452 Indian rupees)
(Reporting by Devika Nair in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected];))
April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:
AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT
Source text: [ID:]
Further company coverage: ABUJ.NS
(([email protected];))
April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:
AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT
Source text: [ID:]
Further company coverage: ABUJ.NS
(([email protected];))
** Shares of India's Adani group rise between 1.2% and 2.7%
** Adani Enterprises ADEL.NS and Adani Ports APSE.NS rise 2.7% and 2.2%, respectively
** The two among top three gainers on benchmark Nifty 50 .NSEI, which is up 0.2%
** Adani Green ADNA.NS up 1.8%, Adani Energy ADAI.NS gains 2.6% and Adani Power ADAN.NS rises 1%
** ADEL says the group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of India's Adani group rise between 1.2% and 2.7%
** Adani Enterprises ADEL.NS and Adani Ports APSE.NS rise 2.7% and 2.2%, respectively
** The two among top three gainers on benchmark Nifty 50 .NSEI, which is up 0.2%
** Adani Green ADNA.NS up 1.8%, Adani Energy ADAI.NS gains 2.6% and Adani Power ADAN.NS rises 1%
** ADEL says the group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** 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)
(([email protected]; +91 8697274436;))
** 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)
(([email protected]; +91 8697274436;))
Jan 29 (Reuters) - New Delhi Television Ltd NDTV.NS:
NDTV Q3 CONSOL NET LOSS 802.5 MILLION RUPEES
NDTV Q3 CONSOL REVENUE FROM OPERATIONS 1.5 BILLION RUPEES
Source text: [ID:]
Further company coverage: NDTV.NS
(([email protected];))
Jan 29 (Reuters) - New Delhi Television Ltd NDTV.NS:
NDTV Q3 CONSOL NET LOSS 802.5 MILLION RUPEES
NDTV Q3 CONSOL REVENUE FROM OPERATIONS 1.5 BILLION RUPEES
Source text: [ID:]
Further company coverage: NDTV.NS
(([email protected];))
** 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];))
** 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];))
** 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
(([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
(([email protected];;))
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 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
(([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
(([email protected];;))
** 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)
** 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)
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];;))
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
(([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
(([email protected];))
** 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)
(([email protected]; +91 9769003463;))
** 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)
(([email protected]; +91 9769003463;))
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)
(([email protected];))
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)
(([email protected];))
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];))
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)
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)
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 like the Indian Express and the Hindustan Times, have mounted a legal challenge against OpenAI's improper use of copyright content, legal papers show.
The 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 to users of the powerful AI tool.
Reuters is first to report the case filing by the digital 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 now joined in.
The 135-page case filing in the New Delhi court, 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".
Courts across the world are hearing claims by authors, news outlets and musicians who accuse technology firms of using their copyright work to train AI services and who are seeking to have content used to train the chatbot deleted.
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 Dainik Bhaskar. Many of these outlets have a flourishing newspaper and television news business too.
The Times of India is not taking part in the legal challenge despite being member of the DNPA.
OpenAI did not respond to a request for comment on the new allegations. It has repeatedly denied such allegations, saying its AI systems make fair use of publicly available data.
None of the Indian media companies immediately responded to Reuters request for comment.
(Reporting by Aditya Kalra; Editing by Sonali Paul)
((Email: [email protected]; X: @adityakalra;))
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 like the Indian Express and the Hindustan Times, have mounted a legal challenge against OpenAI's improper use of copyright content, legal papers show.
The 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 to users of the powerful AI tool.
Reuters is first to report the case filing by the digital 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 now joined in.
The 135-page case filing in the New Delhi court, 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".
Courts across the world are hearing claims by authors, news outlets and musicians who accuse technology firms of using their copyright work to train AI services and who are seeking to have content used to train the chatbot deleted.
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 Dainik Bhaskar. Many of these outlets have a flourishing newspaper and television news business too.
The Times of India is not taking part in the legal challenge despite being member of the DNPA.
OpenAI did not respond to a request for comment on the new allegations. It has repeatedly denied such allegations, saying its AI systems make fair use of publicly available data.
None of the Indian media companies immediately responded to Reuters request for comment.
(Reporting by Aditya Kalra; Editing by Sonali Paul)
((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];;))
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];;))
Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator to seek a settlement in a case that accuses them of violating public shareholding regulations through improper practices at four of the conglomerate's listed companies, the Economic Times reported on Tuesday.
Adani Group did not immediately respond to Reuters inquiry, seeking comments.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +91 8697274436;))
Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator to seek a settlement in a case that accuses them of violating public shareholding regulations through improper practices at four of the conglomerate's listed companies, the Economic Times reported on Tuesday.
Adani Group did not immediately respond to Reuters inquiry, seeking comments.
(Reporting by Anuran Sadhu in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +91 8697274436;))
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];))
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];))
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.
FACTBOX-Who are the defendants charged in US indictment of Gautam Adani? ID:nL1N3MS0DN
FACTBOX -The many disputes of Indian billionaire Gautam Adani ID:nL4N3MS0G9
TIMELINE-Key events in Gautam Adani's US indictment over alleged bribery scheme ID:nL4N3MS0MC
NEWSMAKER-Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon ID:nL4N3MS08Y
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled ID:nL1N3MS0L6
FACTBOX-Major fallout for India's Adani Group after U.S. bribery indictment nL3N3MX0BG
EXCLUSIVE-India's Andhra Pradesh state likely to suspend Adani power deal, sources say nL2N3MX0G4
(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra, Sonali Paul, Toby Chopra and Alexander Smith)
(([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.
FACTBOX-Who are the defendants charged in US indictment of Gautam Adani? ID:nL1N3MS0DN
FACTBOX -The many disputes of Indian billionaire Gautam Adani ID:nL4N3MS0G9
TIMELINE-Key events in Gautam Adani's US indictment over alleged bribery scheme ID:nL4N3MS0MC
NEWSMAKER-Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon ID:nL4N3MS08Y
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled ID:nL1N3MS0L6
FACTBOX-Major fallout for India's Adani Group after U.S. bribery indictment nL3N3MX0BG
EXCLUSIVE-India's Andhra Pradesh state likely to suspend Adani power deal, sources say nL2N3MX0G4
(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra, Sonali Paul, Toby Chopra and Alexander Smith)
(([email protected];))
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
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
** Indian benchmarks NSE Nifty 50 .NSEI and BSE Sensex .BSESN rise 1.6% and 1.5%, respectively
** All 13 sectors trading higher; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 1.7% each
** Analysts attribute upbeat sentiment to PM Modi's party and its alliance's win in Maharashtra state elections, ending political instability in one of India's most industrialised and economically important states
** Reliance Industries RELI.NS, second-heaviest stock on Nifty, up 1.6% after Citi upgrade; brokerage said after a period of underperformance, the risk-reward for co has turned favourable
** JSW Steel JSTL.NS falls 2.6%, topping Nifty losers, after it was selected to be removed from BSE Sensex on Dec. 23
** Zomato ZOMT.NS, which will replace JSTL, jumps 5.3%
** Adani group stocks up between 0.1% and 4.6%, except NDTV NDTV.NS and Adani Energy Solutions ADAI.NS, which are down
** United States filed criminal charges against chairman Gautam Adani last week, which group denied and called "baseless"
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Indian benchmarks NSE Nifty 50 .NSEI and BSE Sensex .BSESN rise 1.6% and 1.5%, respectively
** All 13 sectors trading higher; small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 up 1.7% each
** Analysts attribute upbeat sentiment to PM Modi's party and its alliance's win in Maharashtra state elections, ending political instability in one of India's most industrialised and economically important states
** Reliance Industries RELI.NS, second-heaviest stock on Nifty, up 1.6% after Citi upgrade; brokerage said after a period of underperformance, the risk-reward for co has turned favourable
** JSW Steel JSTL.NS falls 2.6%, topping Nifty losers, after it was selected to be removed from BSE Sensex on Dec. 23
** Zomato ZOMT.NS, which will replace JSTL, jumps 5.3%
** Adani group stocks up between 0.1% and 4.6%, except NDTV NDTV.NS and Adani Energy Solutions ADAI.NS, which are down
** United States filed criminal charges against chairman Gautam Adani last week, which group denied and called "baseless"
(Reporting by Hritam Mukherjee in Bengaluru)
(([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.
Indian tycoon Adani's US indictment rattles stocks; Kenya spikes airport deal nL1N3MS02E
'Bribe notes' with per megawatt rates: filings detail Sagar Adani's role in Indian scandal nL4N3MS1HE
What's next for Gautam Adani after U.S. bribery, fraud charges? nL1N3MS0YT
FACTBOX-Who are the defendants charged in US indictment of Gautam Adani? nL1N3MS0DN
FACTBOX -The many disputes of Indian billionaire Gautam Adani nL4N3MS0G9
TIMELINE-Key events in Gautam Adani's US indictment over alleged bribery scheme nL4N3MS0MC
Indian opposition calls for Adani probe, Modi's BJP questions timing of US indictment nL1N3MS07C
BREAKINGVIEWS-Gautam Adani’s key man risk is hard to contain nL8N3MS0I3
NEWSMAKER-Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon nL4N3MS08Y
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled nL1N3MS0L6
(Reporting by Munsif Vengattil in Bengaluru; Editing by Aditya Kalra and Sonali Paul)
(([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.
Indian tycoon Adani's US indictment rattles stocks; Kenya spikes airport deal nL1N3MS02E
'Bribe notes' with per megawatt rates: filings detail Sagar Adani's role in Indian scandal nL4N3MS1HE
What's next for Gautam Adani after U.S. bribery, fraud charges? nL1N3MS0YT
FACTBOX-Who are the defendants charged in US indictment of Gautam Adani? nL1N3MS0DN
FACTBOX -The many disputes of Indian billionaire Gautam Adani nL4N3MS0G9
TIMELINE-Key events in Gautam Adani's US indictment over alleged bribery scheme nL4N3MS0MC
Indian opposition calls for Adani probe, Modi's BJP questions timing of US indictment nL1N3MS07C
BREAKINGVIEWS-Gautam Adani’s key man risk is hard to contain nL8N3MS0I3
NEWSMAKER-Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon nL4N3MS08Y
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled nL1N3MS0L6
(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]))
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]))
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What does New Delhi Television do?
NDTV, a pioneer in India’s news television and digital journalism, is the most watched and respected news network in India. It has evolved into an internet company with ndtv.com as its flagship website, expanding brand portfolio beyond news.
Who are the competitors of New Delhi Television?
New Delhi Television major competitors are Sun TV Network, TV18 Broad (Amalgam), TV Today Network, GTPL Hathway, Dish TV India, Zee Media Corpn., Entertainment Netw.. Market Cap of New Delhi Television is ₹913 Crs. While the median market cap of its peers are ₹723 Crs.
Is New Delhi Television financially stable compared to its competitors?
New Delhi Television seems to be less financially stable compared to its competitors. Altman Z score of New Delhi Television is 0.41 and is ranked 7 out of its 8 competitors.
Does New Delhi Television pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. New Delhi Television latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has New Delhi Television allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances
How strong is New Delhi Television balance sheet?
New Delhi Television balance sheet is weak and might have solvency issues
Is the profitablity of New Delhi Television improving?
No, profit is decreasing. The profit of New Delhi Television is -₹322.61 Crs for Mar 2026, -₹216.1 Crs for Mar 2025 and -₹20.23 Crs for Mar 2024
Is the debt of New Delhi Television increasing or decreasing?
The net debt of New Delhi Television is decreasing. Latest net debt of New Delhi Television is ₹156 Crs as of Mar-26. This is less than Mar-25 when it was ₹241 Crs.
Is New Delhi Television stock expensive?
New Delhi Television is not expensive. Latest PE of New Delhi Television is 0, while 3 year average PE is 23.01. Also latest EV/EBITDA of New Delhi Television is 0.0 while 3yr average is 39.9.
Has the share price of New Delhi Television grown faster than its competition?
New Delhi Television has given better returns compared to its competitors. New Delhi Television has grown at ~9.27% over the last 9yrs while peers have grown at a median rate of -9.94%
Is the promoter bullish about New Delhi Television?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in New Delhi Television is 69.02% and last quarter promoter holding is 69.02%.
Are mutual funds buying/selling New Delhi Television?
There is Insufficient data to gauge this.