Ndtv

Stocks of 6 Adani Group settle lower; Adani Total declines nearly 5%

Shares of six Adani Group firms ended lower on Monday, with Adani Total Gas falling nearly 5 per cent. The stock of Adani Total Gas dropped 4.87 per cent to Rs 772 on the BSE and Adani Energy Solutions tanked 4.04 per cent to Rs 806.60. Shares of NDTV dipped 1.29 per cent, Adani Wilmar went lower by 1.23 per cent, Adani Power declined 1 per cent and Adani Enterprises skidded 0.28 per cent. During morning trade, Adani Green Energy jumped 9 per cent after Adani Group Chairman Gautam Adani said his conglomerate was committed to compliances and "every attack makes us stronger" amid recent allegations and his indictment in the US. The stock of Adani Green Energy Ltd surged to Rs 1,445 during the morning trade but later gave up most of the early gains and ended at Rs 1,327.95, up 0.26 per cent. Shares of Adani Ports climbed 2.18 per cent, Ambuja Cements went up 1.34 per cent, Sanghi Industries (0.65 per cent), and ACC (0.38 per cent). Coming out in public for the first time after recen

NDTV Q2 results: Net loss at Rs 52.77 cr as production costs weigh

NDTV's total expenses surged 76% on the back of a jump in operating as well as production and marketing costs, as it continued to invest in newly launched TV channels and infrastructure

Passion over profit drives Zepto's $5 bn success, says founder Palicha

A passion for building a transformative company, rather than a mere pursuit of wealth, is what drove the success for Zepto-- the company with a market valuation of USD 5 billion, co-founder and CEO Aadit Palicha said on Monday. Speaking at the NDTV World Summit, the 22-year-old entrepreneur said that despite working 80-100 hours a week, the Zepto team is fuelled by excitement about the platform they are building, not financial gain. "We love what we're building, we work like crazy, we just are genuinely so excited about what we're building. It's not really about money or personal wealth, because candidly, working 80-100 hours a week, we could have probably worked half of that with a lot less stress... "At a certain point, money becomes inconsequential," Palicha, who is a Stanford University dropout, said. He pointed out that while many global internet companies have scaled to valuations in tens of billions, India is yet to see similar outcomes. Highlighting the stark contrast betw

CBI files closure report in NDTV promoters cheating case after 7 yrs probe

The CBI on Tuesday filed a closure report in a case of alleged cheating against former NDTV promoters and directors Prannoy Roy and Radhika Roy as it could not find legally tenable evidence in the Rs 48 crore loss incurred by ICICI Bank in the settlement of a loan in 2009, officials said. The case was initiated in 2017 when the CBI registered an FIR based on a complaint from an individual, Sanjay Dutt, of Quantum Securities Ltd who alleged that RRPR Holdings Pvt Ltd, associated with the Roys, had taken a Rs 500 crore loan from India Bulls Pvt Limited to acquire a 20 per cent stake in NDTV through a public open offer. According to the FIR, RRPR Holdings also took out a Rs 375 crore loan (with Rs 350 crore disbursed) from ICICI Bank at an interest rate of 19 per cent per annum to repay the loan from India Bulls. The complaint alleged that the Roys pledged their entire shareholding as collateral for this loan, failing to report the pledging to the Securities and Exchange Board of India

SC junks plea challenging order to consider NDTV's application under FEMA

The Supreme Court on Monday dismissed a plea by the ED challenging a Bombay High Court order, which directed the RBI to consider the compounding applications filed by NDTV in a case of alleged FEMA violation. A bench of Justice Abhay S Oka and Justice Augustine George Masih said no case for interference was made out. The high court, in its 2018 order, set aside objections raised to the compounding proceedings by the Enforcement Directorate (ED), which had earlier flagged the alleged Foreign Exchange Management Act (FEMA) violations and issued showcause notices to NDTV. In November 2015, the ED issued showcause notices to the news organisation for allegedly flouting foreign exchange regulations while availing of overseas and foreign direct investment facilities to the tune of more than Rs 2,000 crore. In March 2016, NDTV filed an application with the Reserve Bank of India (RBI) for compounding of the contraventions alleged in the showcause notices. However, a year later, the RBI to

NDTV Q1 results: Loss widens to Rs 46.75 cr on higher production costs

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

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%

Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.

NDTV Q4 result: Net loss at Rs 8.74 cr, revenue up 59% on digital expansion

News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Consolidated net loss of Rs 8.74 crore in January-March compared with loss of Rs 1.35 crore profit in the same period a year back, according to a stock exchange filing by the company. Loss, however, narrowed from Rs 10.13 crore in the December quarter as its digital footprint expanded and gained traction. Revenue from operations rose to Rs 106.52 crore from Rs 66.96 crore in the January-March period. "NDTV Convergence, the company's digital arm also witnessed a significant 39 per cent increase in global digital traffic in March 2024 over April 2023 on its platforms," a company statement said. "The NDTV Group's ability to adapt to evolving consumer preferences and market dynamics has been instrumental in driving this impressive growth," it said. Attrition was down 58 per cent from previous year. During the financial year

Can LS elections, IPL revive mood in media stocks? Here's what charts say

Analysts believe that Lok Sabha polls and IPL may provide short-term earnings boost, but the overall sentiment depends on how the RIL-Disney deal shapes up or a revival in Zee-Sony India merger talks.

NDTV Q3 results: Net loss at Rs 10.16 cr, revenue falls 7% to Rs 97.95 cr

News Broadcaster New Delhi Television Ltd on Tuesday reported a consolidated net loss of Rs 10.16 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 15.18 crore in the October-December quarter last fiscal, New Delhi Television Ltd (NDTV) said in a regulatory filing. Its consolidated revenue from operations fell 7 per cent to Rs 97.95 crore during the period under review. It was Rs 105.37 crore in the year-ago period, it added. "NDTV is monitoring revenue enhancement for its recently launched regional channels and business channel, which are the main contributors to the EBITDA loss incurred by the network during the quarter," said an earning statement. Its operating expenses increased 29 per cent year-on-year "due to regional channel expenses and re-launch expenses of business channel", which are in investment mode. The total expenses rose 24.8 per cent to Rs 110.23 crore in the December quarter of FY24. The company is in an ...

Adani Group acquires majority stake in news agency IANS for undisclosed sum

Billionaire Gautam Adani's group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises -- the firm that holds the group's media interest -- said its subsidiary "AMG Media Networks Ltd has acquired a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd." The company did not disclose the acquisition price. Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV. AMNL was the vehicle for these acquisitions as well. In the filing, it said, "AMNL has also signed a shareholders' agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS." IANS had a revenue of Rs 11.86 crore in the fiscal yea

NDTV Q2FY24 results: Net profit falls nearly 51%, revenue down 10%

Consolidated net profit was Rs 5.91 crore in the three months to Sept. 30, compared with Rs 12.01 crore a year earlier, it said in an exchange filing

SAT quashes Sebi order against NDTV founders Prannoy, Radhika Roy

SAT overturned the order, stating that the information scrutinised by Sebi was not price-sensitive, and the Roys were not insiders

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE.

NDTV reported consolidated loss after tax of Rs 8.08 cr loss in Q1

News broadcaster NDTV Ltd on Thursday reported a consolidated loss after tax of Rs 8.08 crore in the first quarter ended June 30, 2023, impacted by lower revenue. The company had posted a consolidated profit after tax of Rs 25.81 crore in the first quarter of the last fiscal, NDTV said in a regulatory filing. Consolidated revenue from operations was at Rs 69.99 crore as against Rs 107.74 crore in the year-ago period, it added. Total expenses were marginally down at Rs 81.98 crore as compared to Rs 83.33 crore a year ago.

NDTV's shareholders approve appointments of new directors on board

Shareholders of the Adani-group-controlled NDTV have approved the proposals to appoint new directors to the board after Adani Group acquired the media firm. All special resolutions regarding the appointment of - Sanjay Pugalia and Senthil Sinniah Chengalvarayan - as directors, and U K Sinha and Dipali B Goenka as independent directors have got shareholders' nod through the e-voting process. Besides, another special resolution for approval of remuneration payable to Non-Executive Directors, including Independent Directors of the Company, was also approved, said the details of the voting results and scrutiniser's report on the postal ballot shared by NDTV to bourses. The e-voting period commenced on May 27, 2023, and ended on June 25, 2023. Meanwhile, NDTV's board has also approved the appointment of former bureaucrat Dinesh Kumar Mittal as an Additional Director in the capacity of Non-Executive Independent Director of the Company, subject to the approval of the Ministry of Informat

NDTV announces salary hikes across verticals "higher than industry average"

Adani group-owned media firm NDTV Ltd on Saturday announced a salary hike across all network verticals after going through a rigorous and transparent appraisal process. The "overall salary increase is 11.50 per cent, which is significantly higher than the industry average", said a statement from NDTV. The hike has been done just six months after New Delhi Television Ltd (NDTV) became part of the Adani group, it added. "The attention was on performance-linked merit appraisals, consistent with industry-best practices designed to ensure that our employees are recognised and compensated based on their performance, promoting an organisation-wide culture of fairness," said NDTV. A special focus in the process was on younger employees, their compensation growth and charting a career path, it added. "As the media industry undergoes a significant transformation with technological advancements, changing consumer preferences and viewership diversification, NDTV reiterates its commitment to .

Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power

Stocks to Watch today, June 7, 2023: Tata Power, Uniparts India, Seshasayee Paper, Marksans Pharma will turn ex-dividend on Wednesday

BSE, NSE put NDTV securities under short-term ASM framework from Tuesday

Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. New Delhi Television Ltd (NDTV) is shortlisted in the short-term Additional Surveillance Measure (ASM) framework Stage-I effective from May 30, the National Stock Exchange (NSE) and BSE said in two separate circulars on Monday. The move came after both bourses had put the flagship firm of the conglomerate Adani Enterprises under the short-term ASM framework on May 25. Last week, BSE and NSE removed NDTV from the long-term ASM framework. On Monday, NDTV stock jumped 5 per cent on BSE and NSE. US short-seller Hindenburg Research in its January 24 report levelled allegations of fraud and stock manipulation against the Adani group. However, a Supreme Court-appointed pan

Delhi HC sets aside Mayor Shelly Oberoi's decision to call for a repoll

From setting aside Shelly Oberoi's decision for a repoll to granting permission to NDTV founders to travel abroad, here are some of the cases heard by the Delhi High Court on Tuesday