NDTV

Adds details from filing, context in paragraphs 12-20

By Aditya Kalra, Arpan Chaturvedi and Praveen Paramasivam

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 alleging it improperly used 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 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 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.

LANDMARK INDIA CASE

The new intervention by Indian outlets will add firepower to ANI's lawsuit against the Microsoft-backed OpenAI, which is the most high-profile legal proceeding in the nation on this subject.

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

Responding to the ANI case, OpenAI said in comments 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 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.

It 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, where millions of new users are going online, thanks to cheap mobile data prices.

(Reporting by Aditya Kalra; Editing by Sonali Paul)

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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

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** 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)

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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)

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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)

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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

** 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)

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Nov 22 (Reuters) - Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate's billionaire chairman in an alleged bribery and fraud scheme.

Gautam Adani's flagship Adani Enterprises ADEL.NS fell 4% to hit their lowest since May 2023.

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 fell between 3% and 10%.

ACC ACC.NS was down 0.5%, while Ambuja Cements ABUJ.NS and NDTV NDTV.NS rose about 1% each.

On Thursday, about $27 billion was wiped off the market value of Adani Group companies, while Kenya's president canceled a massive airport project with the group, in the aftermath of the indictments.

(Reporting by Sethuraman NR; Editing by Muralikumar Anantharaman)

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

Corrects source to Azure Power, from Ambuja Cements

Nov 21 (Reuters) - AZURE POWER:

• AWARE OF ACTIONS BY U.S. DEPARTMENT OF JUSTICE, SEC AGAINST FORMER DIRECTORS, OFFICERS OF AZURE

• WE HAVE BEEN COOPERATING WITH THE AGENCIES, WE WILL CONTINUE TO DO SO

• FORMER DIRECTORS, OFFICERS OF AZURE IN U.S ACTIONS HAVE BEEN SEPARATED FROM AZURE FOR MORE THAN A YEAR

• FORMER DIRECTORS, OFFICERS OF AZURE REFERENCED IN U.S. DOJ AND U.S. SEC ACTIONS HAVE BEEN SEPARATED FROM AZURE FOR MORE THAN A YEAR

• AZURE IS COMMITTED TO OPERATING WITH STRONG GOVERNANCE STANDARDS IN ITS MISSION TO PROVIDE CLEAN ENERGY SOLUTIONS

(([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

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

• NEW DELHI TELEVISION JUNE-QUARTER CONSOL NET LOSS 467.5 MILLION RUPEES

• NEW DELHI TELEVISION LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 939.2 MILLION RUPEES

Source text for Eikon: ID:nBSE8dKFt

Further company coverage: NDTV.NS

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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)

(([email protected]; +918447554364;))

** Shares in India's Adani conglomerate down between 0.6%-4%

** Bloomberg News reported late Friday that the US is probing the group and founder Gautam Adani over potential bribery for favorable treatment on an energy project

** Adani Group did not immediately respond to Reuters' request for comment

** Adani Total Gas ADAG.NS, down ~4%, is leading losses among 10 listed Adani-related firms

** Broadcaster NDTV NDTV.NS loses least at 0.6%

** Adani Energy Solutions ADAI.NS and flagship Adani Enterprises ADEL.NS slide 3.5% and 3%, respectively

** Adani owned-cement makers ACC ACC.NS and Ambuja ABUJ.NS drop 2.2% and 1.9%, respectively

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of New Delhi Television NDTV.NS fall 2.1% to 270.6 rupees

** Adani-owned co reported consol net loss of 95.5 mln rupees ($1.15 mln) in Q3 vs profit of 25.9 mln year ago

** Revenue fell 7% hurt by weak advertising spends; logs fifth consecutive rev drop

** Stock up 3.3% so far in Jan. vs 9.9% fall in Nifty Media Index .NIFTYMED

** Stock fell over 24% in 2023 after posting three consecutive yearly gain

($1 = 83.0500 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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BENGALURU, Jan 30 (Reuters) - India's New Delhi Television Ltd (NDTV) NDTV.NS, part of the billionaire Gautam Adani-led Adani Group, reported a third-quarter loss on Tuesday, as businesses cut back on advertising spending.

Companies diverted advertising spends to the cricket world cup during the quarter, hurting broadcasters that were unaffiliated with the tournament. Advertising is the biggest source of revenue for a broadcaster.

NDTV's consolidated net loss stood at 95.5 million rupees ($1.2 million) in the three months to Dec. 31 against a profit of 25.9 million rupees a year earlier.

Weak advertising spends have been hurting the news network, which posted its fifth straight revenue drop in the December quarter.

Revenue fell 7% to 979.5 million rupees, while expenses climbed one-fourth on a nearly 35% jump in production expenses and cost of services.

Rival TV18 Broadcast TVEB.NS had posted a quarterly loss earlier this month.

Another competitor Zee Entertainment ZEE.NS, embroiled in conflicts related to its failed merger with Sony's 6758.T India unit and licensing rights with Disney DIS.N, will report next month.

NDTV had posted a profit in the September quarter, and profit had last risen in June 2022.

The Adani Group had taken control of the news network from its founders in December 2022.

($1 = 83.1066 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected];))

Updates with shares, details on pre-Hindenburg levels

** India's Adani Enterprises ADEL.NS up 4.9% at 3,029 rupees after Cantor Fitzgerald starts with 'overweight'

** Sets PT of 4,368 rupees, ~51% above last close and implying stock to move past pre-Hindenburg level of 3,442 rupees

** Cantor says valuation is based on Adani's airports, roads, solar, wind, electrolysers segments, which it expects to outgrow peers

** Cantor - the first brokerage to cover Adani, per LSEG data - expects airports, new energy ecosystem and data centre JV to be spun out

** Expects Adani Enterprises to rely less on outside capital in coming years, as margins improve

** ADEL stock set for biggest one-day gain in eight weeks

** Other Adani group companies up 1%-5%

(Reporting by Manvi Pant in Bengaluru)

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Adds background in paragraphs 3-5

BENGALURU, Jan 17 (Reuters) - The media arm of India's Adani Group on Wednesday said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth 50 million rupees ($601,801).

AMG Media Networks, a unit of Indian billionaire Gautam Adani's flagship firm Adani Enterprises ADEL.NS has increased its ownership of IANS shares with voting rights to 76%, and nearly all non-voting shares, up from 50.5% each earlier.

The IANS acquisition, announced in December, is Adani's latest media venture, following the conglomerate's purchase of 65% stake in news broadcaster NDTV NDTV.NS in December 2022 and Quintillion Business Media earlier that year.

Adani had initially acquired a 50.5% stake in IANS for 510,000 rupees.

The group's existing media assets, such as NDTV and NDTV Profit competes with Reliance Industries-owned broadcaster News18 and business news site Moneycontrol.

($1 = 83.0840 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Dhanya Ann Thoppil)

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** Shares of Adani Enterprise ADEL.NS rise 2.2% to 3,014.6 rupees

** ADEL third-highest gainer on Nifty 50 index .NSEI

** Flagship co of conglomerate Adani Group said on Wednesday it will invest 2 tln rupees ($24.06 bln) in five years in green energy and renewable energy sectors in Gujarat

** Adani Green Energy ADNA.NS up 2.8% to 1,730.7 rupees, while Adani Energy ADAI.NS and Adani Power ADAN.NS up 0.2% and 0.6%, respectively

** Adani Ports APSE.NS up 1.2%; Adani Total ADAG.NS flat

** Shares of ACC ACC.NS, Ambuja Cements ABUJ.NS and Adani Wilmar ADAW.NS down between 0.4% and 0.7%

** ADEL fell more than 26% in 2023, snapping six consecutive yearly gains, vs 20% rise in the Nifty 50

($1 = 83.1270 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Corrects headline to clarify ruling is on regulatory probe, not Hindenburg's allegations

** Shares of Adani Group's listed companies rise between 2% and 10% ahead of the Supreme Court ruling on a probe by Indian markets' regulator into the conglomerate

** Shares of Adani Enterprises ADEL.NS up 4.2%, Adani Ports APSE.NS up 2.5%, Adani Energy ADAI.NS rise 12.3%, Adani Total ADAG.NS up 9.4%, Adani Wilmar ADAW.NS up 5.8%, Adani Power ADAN.NS up 4.5%, Adani Green ADNA.NS up 6.9%, NDTV NDTV.NS up 7%

** India's market regulator is probing the conglomerate after U.S. short-seller Hindenburg last January alleged improper use of tax havens, stock manipulation at group

** Adani has denied allegations

** Group's stocks lost around $47 billion in value since the Hindenburg report was published

(Reporting by Sethuraman NR in Bengaluru)

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

Recasts paragraph 1, adds analyst comment in paragraph 3

By Ashna Teresa Britto and Kashish Tandon

BENGALURU, Dec 6 (Reuters) - India's TV18 Broadcast TVEB.NS will merge with Network18 Media & Investments NEFI.NS in a $1.2 billion deal that will help the Reliance-owned companies expand their reach and cut costs, they said on Wednesday.

The all-stock deal will consolidate the Mukesh Ambani-owned Reliance's broadcast and digital businesses, which include business news portal Moneycontrol and streaming platform JioCinema, the two firms said in an exchange filing.

"The merger will offer better reach towards a large number of viewers and consumers and also lead to better advertising revenue," said Karan Taurani, media analyst at Elara Capital.

Media companies including TV18 and rival Adani-owned NDTV NDTV.NS have flagged earnings weakness over the last few quarters due to subdued advertising revenue.

Network18 will issue 100 shares for every 172 shares of TV18, the companies said, valuing the latter at 57.24 rupees per share – a 1.9% premium to its closing price on Wednesday.

($1 = 83.3170 Indian rupees)

(Reporting by Ashna Teresa Britto and Kashish Tandon; Writing by Nandan Mandayam; Editing by Sohini Goswami)

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

• APPROVAL TO RE-COMMENCE REGULAR OPERATIONS OF NDTV PROFIT CHANNEL

Source text for Eikon: ID:nNSE1NvzCL

Further company coverage: NDTV.NS

(([email protected];))

Nov 9 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS on Thursday reported its first profit in three quarters, as strong demand for its movies and a pickup in subscriptions eclipsed a decline in advertisement revenues.

The media and entertainment company posted an 8.9% rise in consolidated net profit to 1.23 billion rupees ($14.77 million)for the second quarter ended Sept. 30.

The company, which owns TV channels including Zee TV and Zee Cinema, posted an 8% rise in its subscription revenue on a year-on-year basis.

Other sales and service revenue rose 201%, helped by higher syndication and strong theatrical performance of its movies including "Gadar 2", even as its domestic advertisement revenue declined 2.1%.

"While some early pick-up in ad spending was witnessed led by FMCG during Q2, overall pace of ad environment recovery continues to be slow," Zee said in a statement.

Its results contrast weak quarterly earnings at Indian broadcasting peers including NDTV NDTV.NS and TV18 Broadcast TVEB.NS as high inflation forces businesses to cut back on advertisement spending.

Zee's total expenses rose 23% due to higher content costs in movies and investment in ZEE5, its streaming platform.

Total income grew 22.97% to 25.1 billion rupees.

The results come months after an Indian tribunal cleared a long-delayed planned merger between Zee and Sony's 6758.T Indian business to create a $10 billion media and entertainment giant.

In October, another tribunal lifted the market regulator's ban on CEO Punit Goenka holding board positions in any Zee Group companies, paving the way for him to head the new firm. However, Sony said in September it would take a few more months to complete the deal.

The broadcaster's shares closed 1.2% higher ahead of results on Thursday.

($1 = 83.2760 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Devika Syamnath)

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** Adani Group's flagship company Adani Enterprises ADEL.NS falls as much as 4%; top loser on Nifty 50 index .NSEI, which slid 1%

** India's accounting regulator is probing an EY member firm that audits five Adani group companies, Reuters reported, citing a source familiar with the matter

** S.R. Batliboi currently audits three Adani group firms, Adani Green Energy ADNA.NS, Adani Wilmar ADAW.NS, Adani Power ADAN.NS and two Adani- Group acquired cement companies ACC ACC.NS and Ambuja Cements ABUJ.NS; shares fell between 1.1% and 7.5% on Thursday

** Adani Group rejected suggestions that company has flouted regulations

Share movement of other Adani group stocks:

(Reporting by Anisha Ajith in Bengaluru)

(([email protected];))

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

• INDIA'S NEW DELHI TELEVISION SEPT-QUARTER CONSOL NET PROFIT 59.1 MILLION RUPEES VERSUS 120.1 MILLION RUPEES

• NEW DELHI TELEVISION SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 955.5 MILLION RUPEES VERSUS 1.06 BILLION RUPEES

Source text for Eikon: ID:nBSE2yjmg5

Further company coverage: NDTV.NS

(([email protected];))

** Shares of Adani-owned New Delhi Television NDTV.NS fall 3.1% to 224.3 rupees; on track to fall for third straight session, if trends hold

** Co on Thursday reported Q1 consolidated net loss of 81.3 mln rupees ($987,759.32) compared to profit of 232.2 mln rupees year ago; revenue fell 35%

** Co says weak economic environment and slowdown in advertisement spend in both broadcast and digital impacted its results

** Separately, NDTV said NSE and BSE imposed penalty of 610,060 rupees on co for alleged non-compliance with requirements for composition of co's board, audit committee, and nomination and non-remuneration committee

** Stock down 33.1% YTD as of last close

($1 = 82.3075 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

July 27 (Reuters) - New Delhi Television Ltd NDTV.NS:

• NSE AND BSE IMPOSED A PENALTY OF RUPEES 6,10,060/- EACH ON COMPANY

• NDTV - PENALTY FOR ALLEGED NON-COMPLIANCE WITH REQUIREMENTS PERTAINING TO COMPOSITION OF BOARD, AUDIT COMMITTEE, NOMINATION AND REMUNERATION COMMITTEE

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Further company coverage: NDTV.NS

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