NDTV

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)

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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)

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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)

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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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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)

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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

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];))

Corrects paragraph 2 to say Adani Group shares fell between 9% and 20%, not between 20% and 90%

By Sethuraman N R and Bharath Rajeswaran

Nov 21 (Reuters) - Shares of Adani Group companies lost about $28 billion in market value in morning trade 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 tumbled 23%, 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 9% and 20%.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

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 Green in a statement on Thursday said the U.S. Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The U.S. Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed U.S.-dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after U.S. shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone US00652MAJ18=TE. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

($1 = 84.4000 Indian rupees)

(Reporting by Sethuraman NR; Editing by Stephen Coates)

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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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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)

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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)

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** 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)

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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)

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

• EXPECTS TO LAUNCH MORE REGIONAL CHANNELS IN NEAR FUTURE

Source text for Eikon: ID:nNSE4F1Rwh

Further company coverage: NDTV.NS

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