Gautam Adani's group said it will buy a majority stake in New Delhi Television Ltd (NDTV) as it looks to boost media investments as part of an ambitious expansion plan
This came as AMNL's wholly-owned subsidiary VCPL had warrants of RRPR Holding Pvt Ltd, the holding company of NDTV
In a curious turn of events, NDTV has said that without any discussion with the New Delhi Television Limited (NDTV) or its founder-promoters, a notice has been served upon them by VCPL
NDTV says Adani entities' move to take control of NDTV's major shareholder was without consent from the company or its founders
In a country obsessed with Cricket, women footballers have defied the scant investment and tried their best to make inroads in the game, but have only gone as far as getting muted recognition
The stock has rallied 20% in the past two trading days to Rs 312.65. It was at its highest level since September 2008
The tribunal also slashed penalties imposed by the market regulator terming them 'excessive'
Since February 8, 2022, the market price of NDTV has more-than-doubled after the company reported a consolidated net profit of Rs 27.6 crore in December quarter
Based on the current business plan and projections prepared by the management, the Company expects further growth in operations
ABB, Amara Raja, Bharat Forge, Cummins, Hero MotoCorp, Hindalco, Hindustan Motors, HP Adhesives, IRB Infra, M&M, Novartis, Sun Tv, Tata Chemicals and Zomato of announce results on Thursday.
Media firm New Delhi Television Ltd (NDTV) on Wednesday reported a 31.64 per cent increase in its consolidated net profit to Rs 29.87 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 22.69 crore during the October-December quarter a year-ago, said NDTV in a BSE filing. Its revenue from operations was up 9.94 per cent to Rs 116.36 crore during the quarter under review as against Rs 105.83 crore in the corresponding period of the previous fiscal. NDTV's total expenses were at Rs 84.12 crore, up 2.08 per cent in Q3/FY 2021-22 as against Rs 82.40 crore. Shares of New Delhi Television Ltd on Wednesday settled at Rs 117.25 on BSE, up 1.34 per cent from the previous close.
The stock was trading at its highest level since April 2016.
Weekly futures & options expiry and news related to Omicron could sway the market movement
Shares of NDTV were locked in the 10 per cent upper circuit band for the third straight day, at Rs 96.35 today, amid rumours of buyout by Adani Group.
NDTV has denied rumors of Adani Group picking stake in the company
Reports have suggested that Adani Group is looking at Delhi-based companies for its foray into media
The Supreme Court on Friday asked the Sebi to file its reply on NDTV promoters' Prannoy Roy and Radhika Roy's plea seeking penalty proceeding be kept in abeyance
The Roys have sought that the Sebi order imposing the penalty be kept in abeyance till Securities Appellate Tribunal (SAT) decides their appeals.
The outspoken "independent" heroes of a decade ago -people like Vinod Rai, the auditor who couldn't count, remember him? - have quietly vanished into sinecures provided by the next government
The report is an illustration of the axiom that media is the most local of all products