#adani media group

[reportwire]

NDTV takeover: Adani Group to launch open offer on November 22

NDTV takeover: Adani Group to launch open offer on November 22

Adani Group has announced that its open offer to acquire an additional 26 per cent stake in NDTV will be open for subscription from November 22 to December 5.   The open offer for acquiring 1.67 crore equity shares with a face value of Rs 4 will tentatively close on December 5, 2022, said JM Financial, which is managing the offer. The price fixed for the deal is Rs 294 per share. Earlier, the…

[greport2018]

Timeline: How Adani acquired NDTV?

Timeline: How Adani acquired NDTV?

Around September 2021, there were rumours that Adani will acquire an old Delhi-based media channel. People speculated it to be NDTV. Amidst this rumour, NDTV’s share price hit the upper circuit, a 10% growth. The unsubstantiated rumours helped NDTV shareholders some profit in the market. Buzz in Delhi : Adani Group going to buy an old TV Channel which always attacked him&signing will be in…

[enigma-the-mysterious]

For those who don't know, NDTV unfortunately has joined the gang of Godi media (google the term if you are not aware) in India. Spates of resignations from journalists who have worked here for as long as 20 years have followed after a hostile takeover of the news company from its founders and owners, the journalist Prannoy Roy and his wife Radhika Roy. The hostile takeover party? The Adani group, a corporate entity, close to the national ruling party.

Anyway, fuck corporates. Eat the rich. Jai Hind. Follow and support the ex journalists of NDTV if you can.

@sudamaniparva @chilled-ice-cubes @sivavakkiyar hope you people don't mind me tagging you!

[metamatar]

i wanted to fact check my grandfather on some hindutva story he was peddling on the family whatsapp group and went on the ndtv website reflexively and... they're now publishing soros wants to cause regime change by targetting adani type screeds lol (x) the buyout of all media channels is really complete not even one is anti modi

[secretearthquakecheesecake]

Watch "आरोप अदाणी पर, छापा कांग्रेस के नेताओं पर | Allegations against Adani, Raids on Congress Leaders" on YouTube

‼️Wikipedia.. Exposed Adani Group. In NEWS: National, International, & In Social media 📺‼️

[atomxmedia]

Paytm stock hits 5% : Adani Deal or Market Mirage? Stock Soars Despite Denial

On Wednesday, May 29, 2024, the stock price of One97 Communications’ Paytm, an enormous fintech company based in India, saw a sharp increase. This increase coincided with unverified rumors pointing to the Adani Group, a significant Indian corporation, possibly acquiring a share. It’s interesting to note that this price rise took place despite One97 Communications’ formal denial of any current negotiations for this kind of agreement.

Market Reaction and Official Denial

Paytm’s (PAYT) shares on the Bombay Stock Exchange (BSE) saw a sharp increase, closing at ₹359.55 after hitting the 5% upper circuit. The S&P BSE Sensex was down 0.33% at the moment, thus this upward rise stood in stark contrast to the general tone of the market. At least some of the Paytm stock price increase can be ascribed to conjecture about a possible Adani Group purchase.

But One97 Communications responded quickly, providing an explanation in a stock market filing. The business categorically refuted the press stories, calling them only hypothetical. They made it clear that there were “no discussions” going on about the Adani Group acquiring any interest.

Media Reports Fueling the Speculation

The Times of India released a piece that sparked the rumors of a possible merger. According to the report, the founder and CEO of Paytm, Vijay Shekhar Sharma, and Adani Group chairman Gautam Adani were in negotiations to buy a share in One97 Communications. The story went on to say that on Tuesday, Sharma met with Adani in his Ahmedabad office to settle the terms of the contract.

The increase in Paytm’s stock price was probably influenced by this news item, which acquired popularity. But One97 Communications’ formal rejection raised questions about the veracity of these assertions.

Adani Group’s Expanding Digital Footprint

The Times of India story emphasizes the Adani Group’s increasing interest in the world of digital payments, even though the rumored takeover discussions may not be taking place right now. This is consistent with earlier Financial Times reporting mentioning the Adani Group’s possible application for a license to use the Unified Payments Interface (UPI) network in India. Furthermore, it has been stated that the company is in talks to introduce a co-branded credit card with banks.

These events imply that the billionaire Gautam Adani’s Adani Group is aggressively working to increase its digital presence in India. A big step in this approach would be for the Adani Group to join the UPI network, which would provide them access to a large number of digital payment users. Furthermore,

Market Analysis and Future Implications

The recent fluctuations in Paytm’s stock price demonstrate how susceptible the market is to even unfounded allegations. Even if the rumored takeover discussions were withdrawn, it is impossible to overlook the Adani Group’s underlying interest. The rising significance of digital payments in India’s economy and the industry’s potential for rapid expansion are reflected in this interest.

Whether or whether Paytm and the Adani Group have any actual conversations in the future is still to be seen. The Adani Group may investigate alternative routes to join the digital payments industry in India, notwithstanding their growing emphasis on the digital sphere. This might be solo projects, alliances with other participants, or even a resurgence of interest in purchasing stock in Paytm.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[sequelscreen]

Paytm Refutes Speculative Claims of Stake Sale Talks with Adani Group

In the midst of swirling rumors, Paytm has officially refuted claims that it is in discussions with the Adani Group regarding the sale of a stake in the company. This response comes after media reports suggested a potential deal was being finalized.

Paytm’s Official Statement

On Wednesday, One97 Communications Ltd, the parent company of Paytm, issued a statement firmly denying any such negotiations. The company stated, “We hereby clarify that the above-mentioned news item is speculative and the company is not engaged in any discussions in this regard.”

Paytm emphasized its commitment to transparency and regulatory compliance, ensuring that any material developments will be disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Rumor Mill

Media reports had claimed that Paytm founder and CEO Vijay Shekhar Sharma recently met with billionaire Gautam Adani at his Ahmedabad office to discuss a potential deal. This alleged deal would have marked Adani Group’s entry into the competitive fintech sector, positioning it against giants like Google Pay and PhonePe.

Current Shareholding

Currently, Vijay Shekhar Sharma holds a 19% stake in One97 Communications. Other significant shareholders include Saif Partners, a private equity fund, and Antfin Netherlands.

Recent Challenges

Paytm has faced challenges since January when the Reserve Bank of India (RBI) put a hold on Paytm Payments Bank Ltd (PPBL) from conducting business. This regulatory setback has added to the company’s hurdles as it navigates the dynamic fintech landscape.

Conclusion

For now, it appears that the speculation around Paytm selling a stake to the Adani Group is unfounded. Paytm continues to operate independently, with no current plans for such a sale. Stay tuned for any further updates directly from the company as they remain committed to maintaining open and transparent communication.

[chemitech]

Brightening Futures: Chemitech Group is The Authorized Dealer and Distributor Adani Solar Panels

In an era where environmental sustainability is paramount, the quest for clean and renewable energy solutions has never been more crucial. At the forefront of this mission is Chemitech Group, a pioneering company dedicated to innovative technological solutions. In partnership with Adani Solar Panels, Chemitech Group is spearheading a revolution in sustainable energy practices, reshaping the landscape of power generation for a brighter, greener future.

Empowering Businesses with Adani Solar Panels

Adani Solar Panels, backed by the prestigious Adani Group, stand as a symbol of excellence and reliability in the solar energy domain. Renowned for their advanced technology and unwavering commitment to sustainability, Adani Solar Panels provide businesses with a dependable and eco-friendly alternative to traditional energy sources. With a focus on quality, efficiency, and durability, these panels offer a seamless transition to clean energy, empowering businesses to reduce their carbon footprint while enhancing operational efficiency.

The Chemitech Advantage

Committed to driving positive change through innovation, Chemitech Group's collaboration with Adani Solar Panels represents a significant stride towards a sustainable future. By leveraging the expertise of Adani Solar Panels alongside its own technological prowess, Chemitech Group is revolutionizing the way businesses harness solar energy. From commercial complexes to industrial facilities, Chemitech Group's tailored solutions powered by Adani Solar Panels are paving the way for a greener tomorrow.

Unlocking the Benefits of Solar Power

1. Environmental Stewardship: Embracing solar power enables businesses to significantly reduce their environmental impact by harnessing a clean, renewable energy source. With zero emissions and minimal resource depletion, solar energy represents a sustainable solution to combat climate change and preserve the planet for future generations.

2. Cost Efficiency: In addition to its environmental benefits, solar power offers compelling economic advantages. By investing in solar energy infrastructure, businesses can reduce their reliance on expensive fossil fuels, lower operational costs, and achieve long-term savings on energy expenses.

3. Energy Independence: Solar power empowers businesses to take control of their energy needs and reduce dependence on volatile energy markets. With a self-sustaining source of power, businesses can enhance resilience, mitigate risks, and achieve greater energy security for their operations.

4. Corporate Responsibility: Embracing solar energy isn't just about financial gains; it's a statement of corporate responsibility and commitment to sustainability. By adopting renewable energy solutions, businesses can strengthen their brand reputation, attract eco-conscious consumers, and position themselves as leaders in the transition to a low-carbon economy.

Off-Page Initiatives: Spreading Awareness and Driving Action

As part of its off-page activities, Chemitech Group is dedicated to raising awareness about the benefits of solar power and fostering a culture of sustainability within the community. Through educational campaigns, social media outreach, and collaborative initiatives with local organizations, Chemitech Group aims to inspire businesses and individuals to embrace renewable energy solutions and take proactive steps towards a cleaner, greener future.

Conclusion

In conclusion, the collaboration between Chemitech Group and Adani Solar Panels heralds a new era of sustainable energy innovation and environmental stewardship. By harnessing the power of the sun, businesses can not only reduce their ecological footprint but also unlock a myriad of economic and strategic benefits. As advocates for change, let us join hands in embracing solar energy and illuminating the path towards a brighter, more sustainable tomorrow. Together, we have the power to shape a world where progress and prosperity coexist harmoniously with the principles of environmental conservation and social responsibility.

[ippnoida]

Press freedom – India's rank improves but score falls

India ranked 159 in the World Press Freedom Index, an improvement from 161 in 2023 but its global score fell over the last year, from 36.62 to 31.28, according to the Reporters sans Frontières (RSF) report, which every year ranks the index of freedom enjoyed by journalists in 180 jurisdictions. The report was released on World Press Freedom Day, observed on 3 May.

India is behind Turkey, Pakistan and Sri Lanka, which ranked at 158, 152, and 150, respectively. Norway and Denmark topped the RSF table while Eritrea and Syria at the bottom. The US ranked 55 with a score of 66.59. China was behind India with a rank of 172 and a score of 23.6.

In the political indicator, India ranked 159 with a score of 21.58. In the economic indicator, India's rank was 157 with a 31.67 score. The other ranks are legislative indicator (143 – 40.87),  social indicator (156 – 33.33) and security indicator (162 – 28.97), which Indian Printer and Publisher has seen.

With an average of three or four journalists killed in connection with their work every year, India is one of the world’s most dangerous countries for the media, the report said. “Journalists who are critical of the government are routinely subjected to online harassment, intimidation, threats and physical attacks, as well as criminal prosecutions and arbitrary arrests. They can be victims of violence, from police officers and political activists, as well as criminal groups and corrupt local officials. Proponents of Hindutva, the ideology of the Hindu far right, call for popular revenge against critics branded as “traitors” and “anti-national”. Terrifying coordinated campaigns of hatred and calls for murder are conducted on social media, campaigns especially violent when they target women journalists, whose personal data is divulged. The situation is also remains very worrisome in Kashmir, where reporters are often harassed by police and paramilitaries, with some being subjected to so-called “provisional” detention for several years,” the RSF said in its India chapter.

The report talks about the media bills, saying the Narendra Modi government has introduced several new laws that “will give the government extraordinary power to control the media, censor news and silence critics, including the 2023 Telecommunications Act, the 2023 draft Broadcasting Services (Regulation) Bill, and the 2023 Digital Personal Data Protection Act.”

The Indian government has in the past dismissed international rankings of freedoms in India as misinformed and propaganda-driven.

India’s media has fallen into an “unofficial state of emergency” since Narendra Modi came to power in 2014 and engineered a spectacular rapprochement between his party, the BJP, and the big families dominating the media, the report claimed. Reliance Industries group’s magnate Mukesh Ambani owns more than 70 media outlets that at least 800 million Indians follow, it said. “The NDTV channel’s acquisition at the end of 2022 by Gautam Adani, a tycoon who is also said to be close to Modi, signaled the end of pluralism in the mainstream media. Indian journalists who are very critical of the government are subjected to harassment campaigns by BJP-backed trolls,” the report said.

Describing the Indian media landscape, the report says it is abundant in this country of 1.4 billion inhabitants and 197 million homes with TV sets. “The country has nearly 900 privately owned TV channels, half of which are dedicated to news. Doordarshan, the public TV broadcaster, operates in 23 languages and reaches millions of viewers. Around 140,000 publications are published in more than 20 languages, including some 20,000 daily newspapers. Their combined circulation totals more than 390 million copies. However, online news, particularly on social media, is favored by a younger population and has overtaken print media as the main source of news. Radio news is still a state monopoly, with All India Radio (AIR) owned by the government.”

Anne Bocandé, RSF editorial director, says that as more than half the world's population goes to the polls in 2024, RSF is warning of a worrying trend revealed by the 2024 World Press Freedom Index: a decline in the political indicator, one of five indicators detailed in the Index. “States and other political forces are playing a decreasing role in protecting press freedom. This disempowerment sometimes goes hand in hand with more hostile actions that undermine the role of journalists, or even instrumentalize the media through campaigns of harassment or disinformation. Journalism worthy of that name is, on the contrary.”

“Yes, the elections context matters massively in India. I think this is one of the countries where there’s a perception of authorities participating in sort of mass disinformation and propaganda campaigns,” The Hindu quoted Rebecca Vincent, a director at RSF, as saying at a briefing organized by the Foreign Press Association in London, to launch the index release. Vincent said that among the countries going to the polls this year, the US was the most concerning in terms of press freedoms. 

According to RSF, the purpose of the World Press Freedom Index is to compare the level of freedom enjoyed by journalists and media in 180 countries and territories. The Index is based on a score ranging from 0 to 100, which is assigned to each country or territory, with 100 being the best possible score (the highest possible level of press freedom) and 0 the worst.

The RSF defines press freedom as the “ability of journalists as individuals and collectives to select, produce, and disseminate news in the public interest independent of political, economic, legal, and social interference and in the absence of threats to their physical and mental safety.”

On the basis of this definition, the press freedom questionnaire and map are broken down into five distinct categories or indicators (political context, legal framework, economic context, sociocultural context and safety).

In an earlier report on violence against journalists in India, the RSF had said at least 13 of the 28 journalists killed since 2014 were working on environmental-related subjects, mainly land seizures and illegal mining for industrial purposes. “It is alarming to see that half of the journalists murdered in the past 10 years were investigating environmental issues, often linked to the activity of criminal groups, mafias that maintain strong links with local authorities and enjoy almost total impunity for the crimes of violence they commit against journalists to protect their financial interests. This is appalling. Thorough and independent investigations should be carried out as a matter of urgency into the cases of murdered journalists and those who have been the victims of murder attempts. On the eve of crucial elections for the future of journalism in India, we call on candidates to undertake to end this unacceptable impunity and to prioritize the safety of all journalists,” said Célia Mercier, head of RSF’s South Asia desk.

[nedsecondline]

A Coal Billionaire is Building the World's Biggest Clean Energy Plant - Five Times the Size of Paris - Slashdot

Adani is executive director of Adani Green Energy Limited (AGEL). He’s also the nephew of Gautam Adani, Asia’s second richest man, whose $100 billion fortune stems from the Adani Group, India’s biggest coal importer and a leading miner of the dirty fuel. Founded in 1988, the conglomerate has businesses in fields ranging from ports and thermal power plants to media and cements. Its clean energy…

[adanicase]

 It has also taken up multiple ventures in the past, which reflects its keen interest in the business sector. This is yet another big move taken by the business group in the media sector after the Group got some relief from the Adani Group controversies.

[adani-news]

Adani Group Plans to Take Over IANS by Increasing Stake

The Adani Group, which Gautam Adani heads, has increased its investment in news agency IANS to more than 99 percent, spending five crore rupees on the deal. According to Gautam Adani News, after purchasing NDTV, media magnate Gautam Adani’s Adani Group plans to increase its holdings in news agency IANS India Pvt. Ltd. until it owns the whole firm.

[jobaaj]

IN CASE YOU MISSED IT: Deloitte is in trouble! It failed to detect a $470 million fraud!! The Tingo Group, a Nigerian agri-tech firm, was given a clean chit by Deloitte Israel wherein the firm reported a cash balance of almost $470 million. However, after subsequent investigations by the U.S. Securities and Exchange Commission, it was revealed that the firm only had $50 in cash!!! In addition, the Securities and Exchange Commission (SEC) uncovered "unsubstantiated transactions worth billions of dollars" controlled by entities controlled by Tingo CEO Dozy Mammobuosi.

It’s interesting to note that Hindenburg Research was the one that uncovered this scam and reported it to Adani Group!

In June 2023, Hindenburg accused Tingo of fabricating its books. In fact, the firm stated that the errors were so serious that they "could have been spotted by any semi-conscious finance undergrad with severe vision loss"!!! Industry participants are raising questions over the abilities of Deloitte while also questioning the accuracy of audits! Considering the fact that frauds are designed to be undetectable, auditors can detect only 4% of all frauds, and auditors are paid by the company they are auditing, the fairness of audit is certainly under doubt. Is audit meaningless? Or is Deloitte simply negligent?? Follow Jobaaj Stories (the Media arm of Jobaaj.com Group) for more.

[adanichhattisgarh]

The Group has also been taking up a lot of versatile projects, including the Adani Chhattisgarh project, and its control over the media sector is another one of its significant ventures.

[kimskashmir]

Adani Group to take full control of IANS after raising stake to over 99 per cent

NEW DELHI — Billionaire Gautam Adani’s conglomerate Adani Group is set to take complete ownership of news agency IANS India Pvt Ltd by raising its stake in the company, further expanding its media presence after acquiring NDTV. In December 2023, Adani Group had picked up the controlling stake in IANS at 50.50 percent. Now, the conglomerate has raised its shareholding to 76 per cent with voting…

[xtruss]

The Most Filthy Rich Got Even Richer – 2023 Statistics! Most of the World’s Billionaires Have Seen Their Fortunes Grow This Year, a List Compiled by Bloomberg Shows

© Getty Images/Cokada

The World’s Richest People Got Even Richer over the past year, Bloomberg’s Top-500 Billionaire List, published on Wednesday, shows. Some 77% of the billionaires who made it on the list saw their fortunes grow even larger, while others experienced certain losses.

Elon Musk remains at the top, with an estimated net worth of $235 billion. The South African-born billionaire first dislodged Amazon owner Jeff Bezos from the pedestal in mid-2021, retaining first place ever since.

This year, Musk saw his fortune grow by nearly $98 billion, according to Bloomberg. While his social media platform X, formerly Twitter, has been in turmoil, locked into back-and-forth with advertisers and battered by various scandals, Musk’s flagship asset, Tesla, has enjoyed steady growth, further solidifying his position.

Bezos himself is currently in third place with $178 billion, narrowly outmatched by Bernard Arnault, the CEO of the LVMH (Moët Hennessy Louis Vuitton), whose wealth grew to some $179 billion this year.

Musk’s arch-rival and Meta owner, Mark Zuckerberg, enjoyed the second-largest absolute growth in wealth this year, with his net worth surging by nearly $83 billion. The two have long engaged in an open public rivalry and even planned to stage a fighting match, but the idea was ultimately scrapped. The growth, enabled by surging shares of his social media empire after the 2022 collapse, put Zuckerberg in sixth place with $128 billion.

Among the top-15, in fact, only a single billionaire saw his fortune shrink. Indian Billionaire Gautam Adani, the chairman of the Adani Group, saw his net worth decrease by a massive $36.3 billion to some $84.3 billion, with the development putting him out of the top-10 list.

The massive loss – which actually became the largest one in absolute terms this year – was prompted by a large scandal around Andani’s empire, which erupted early this year. Namely, the businessman was accused of “pulling the largest con in corporate history” and “brazen stock manipulation.” The company, however, has firmly denied all the allegations.