New Delhi Television

MUMBAI, May 29 (Reuters) - India's markets regulator on Friday disposed of proceedings against New Delhi Television Ltd NDTV.NS, ruling that the company did not violate disclosure rules.

Here are the key details:

• In 2009, NDTV's founders entered into a loan agreement that gave the lender options to acquire a significant stake in the broadcaster.

• In June 2018, the Securities and Exchange Board of India (SEBI) had held that the agreement resulted in a change in control.

• SEBI began disclosure violation proceedings since NDTV did not disclose the SEBI finding to stock exchanges.

• The Securities Appellate Tribunal (SAT) set aside SEBI's ruling in 2022, holding that the agreement did not amount to a change in control as the options were not exercised.

• In its order on Friday, SEBI noted that since there was no change in control, no disclosure obligation arose, and therefore no violation of listing rules occurred.

(Reporting by Jayshree P Upadhyay; Editing by Janane Venkatraman)

(([email protected]; 9920092491; Reuters Messaging: Twitter: @jaysh88))

** Shares of NDTV NDTV.NS down 2.9% to 79.2 rupees

** Television broadcaster posts tenth consecutive quarterly loss; co's net loss widened to 978.4 million rupees for the quarter ended March 31, compared with a loss of 608.8 million rupees a year earlier

** Consolidated revenue rose 16.4% to 1.48 billion rupees

** YTD, stock down 17.2%

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

April 29 (Reuters) - India's New Delhi Television NDTV.NS posted its 10th consecutive quarterly loss on Wednesday, as elevated expenses continued to weigh on the broadcaster's earnings.

Here are some details:

• NDTV, in which ports-to-energy conglomerate Adani Group holds a majority stake, reported a 29.4% surge in expenses driven by higher operating, production and marketing costs

• Indian broadcasters have been facing weak advertising demand as businesses cut marketing spending amid macroeconomic uncertainty and pricing pressures

• NDTV has been investing in new channels and expanding its content portfolio, with offerings such as NDTV World and NDTV Marathi; these have raised operating and production costs

• The company reported a widened net loss of 978.4 million rupees ($10.33 million) for the quarter ended March 31, compared with a loss of 608.8 million rupees a year earlier

• Consolidated revenue rose 16.4% to 1.48 billion rupees

• Rival Network18 Media NEFI.NS, controlled by the Reliance group and operating both news and entertainment channels, posted a consolidated net loss of 305.2 million rupees

• Rivals TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS have yet to report

($1 = 94.7452 Indian rupees)

(Reporting by Devika Nair in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected];))

April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT

Source text: [ID:]

Further company coverage: ABUJ.NS

(([email protected];))

** Shares of India's Adani group rise between 1.2% and 2.7%

** Adani Enterprises ADEL.NS and Adani Ports APSE.NS rise 2.7% and 2.2%, respectively

** The two among top three gainers on benchmark Nifty 50 .NSEI, which is up 0.2%

** Adani Green ADNA.NS up 1.8%, Adani Energy ADAI.NS gains 2.6% and Adani Power ADAN.NS rises 1%

** ADEL says the group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Shares of New Delhi Television NDTV.NS down 2.5% to 81.2 rupees

** Broadcaster posts wider quarterly loss at 802.5 mln rupees ($8.7 mln) in Q3 vs 556.9 mln rupees a year ago; co logs losses for the ninth straight quarter

** NDTV reported a 20.9% surge in expenses due to higher operating, production and marketing costs, outpacing a 13.3% increase in rev from ops

** Stock down 15% in Jan so far

** NDTV dropped 25% in 2025, falling for third straight year

($1 = 91.9680 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

Jan 28 (Reuters) - India's New Delhi Television NDTV.NS posted its ninth-straight quarterly loss on Wednesday, as the news broadcaster's higher expenses continued to pressure margins.

The broadcaster, in which ports-to-energy conglomerate Adani Group owns a 69.02% stake, has been investing in newly launched TV channels and infrastructure, such as NDTV World and NDTV Marathi, alongside other programs and events, which has kept margins under pressure.

NDTV reported a 20.9% surge in expenses due to higher operating, production and marketing costs, outpacing a 13.3% increase in revenue from operations to 1.5 billion rupees, driven by its expanding channel portfolio.

Additionally, Indian consumer goods makers, who typically spend the most on television advertising, have reined in their spending due to muted demand amid rising costs of living.

Reliance group-controlled Network18 Media NEFI.NS, which owns both news and entertainment channels, flagged a weak advertising environment, saying TV news ad inventory demand fell more than 10% year-on-year during the quarter.

Zee Enterprises ZEE.NS, which runs entertainment channels, also reported a decline in ad revenue amid soft advertising conditions.

The company reported a loss of 802.5 million rupees ($8.72 million) in the October-December quarter, compared to a loss of 556.9 million rupees a year earlier.

NDTV did not disclose its ad revenue for the quarter.

The company's shares closed up 1.8% ahead of results on Wednesday.

Other rivals, TV Today Network TVTO.NS and Zee Media Corporation ZEEN.NS, are yet to report their results.

($1 = 92.0100 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema and Vijay Kishore)

(([email protected]))

** India's Adani group stocks rise between 1.6% and 5.4%, after Friday's sharp falls

** Adani Enterprises ADEL.NS and Adani Ports APSE.NS rise 5.4% and 4.3%, respectively; among top three gainers on Nifty 50 .NSEI, which is up 0.2%

** Adani Green ADNA.NS, Adani Energy ADAI.NS and Adani Power ADAN.NS rise 2.5% to 4.5%

** Group stocks slid as much as 14.5% on Friday, losing $12.5 billion market capitalization

** U.S. markets regulator asked a court for help in serving summonses upon founder Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme

** Adani group calls the allegations "baseless" and says it would seek "all possible legal recourse" to defend itself

** More than 2 million ADEL shares change hands, ~2x of 30-day avg daily volume

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of New Delhi Television NDTV.NS fall as much as 2.7% to 90.20 rupees

** Set for the fifth straight sessions of loses

** Adani owned news broadcaster gets tax penalty of 339.4 million rupees ($3.77 million) notice from the Goods and Services Tax department

** No immediate impact on the financial position, operations - NDTV

**In 2025, NDTV down ~25%

($1 = 89.9840 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

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

• AKHIL KUMAR GUPTA APPOINTED AS CFO EFFECTIVE DECEMBER 1, 2025

• Q2 CONSOL NET LOSS 741.1 MILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 1.22 BILLION RUPEES

Source text: ID:nBSE1sYRkb

Further company coverage: NDTV.NS

(([email protected];;))

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

• LAUNCHES NDTV GOOD TIMES FOR LIVE CONCERTS

Source text: ID:nBSE9dX8L9

Further company coverage: NDTV.NS

(([email protected];;))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix extra spacing in fifth paragraph.

By Shritama Bose

MUMBAI, Sept 19 (Reuters Breakingviews) - Gautam Adani is catching a moment of relief. India's securities regulator cleared the tycoon and units of his $152 billion infrastructure conglomerate of stock manipulation charges raised by a short seller in 2023. However, its fortunes won't improve much so long as U.S. charges hang over the group.

The Securities and Exchange Board of India on Thursday said the transactions involving Adani Enterprises ADEL.NS, Adani Ports APSE.NS and Adani Power ADAN.NS between 2018 and 2023 flagged by Nathan Anderson's now-disbanded firm Hindenburg Research did not violate the rules at the time on related party transactions.

The order closes the loop on a more than two-year-old saga marked by a $150 billion reduction in Adani group companies' market value and muddled by allegations of conflict of interest against former SEBI Chair Madhabi Puri Buch, who left her role in February.

The clean bill of health from the watchdog now led by Tuhin Kanta Pandey hardly changes the group's local standing. Indian mutual funds managing some $850 billion in assets were wary of what they see as the group's opacity and its rapid growth before Hindenburg struck, and remain so: Adani Enterprises stock is about 30% lower than at the start of 2023.

A more potent overhang is the U.S. Justice Department's indictment of the tycoon in a $265 million Indian bribery scheme. The Adani group denies any wrongdoing but the charges have complicated the conglomerate's fundraising prospects. Though BlackRock BLK.N subscribed to bonds an Adani unit issued in April to finance an acquisition, that borrowing came at an increased cost than its past deals.

Non-U.S. banks including Barclays BARC.L and DBS DBSM.SI lent $250 million to Adani's airport and ports units last month, Bloomberg reported citing unnamed people familiar with the transactions. But the U.S. issue stalled Adani's efforts to cut its dependence on Indian banks, which hold 47% of its 2.9 trillion rupees ($32.8 billion) debt. The group has returned to equity markets but only for carefully controlled issuances to institutional investors, not the public.

If anything, its stateside problems are widening. A subsidiary of Adani Enterprises has been named among 43 Indian exporters in a U.S. complaint over dumping of solar exports, a person familiar with the situation told Reuters Breakingviews. Similar investigations into Southeast Asian companies have attracted prohibitively high tariffs.

The resumption of trade talks this week between India and the U.S. may smooth the path for Adani to eventually draw a line under the Justice Department's probe, perhaps through a settlement. Until then, its other victories are superficial.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

The Securities and Exchange Board of India on September 18 dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research.

The capital markets regulator began investigating the group's flagship Adani Enterprises and its ports and energy units in 2023 after Hindenburg accused them of using tax havens and failing to disclose transactions between related parties. SEBI officials said in the order that the transactions under review, which were carried out between 2018 and 2023, did not qualify as related party transactions under the rules at the time.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

** News broadcaster NDTV NDTV.NS rises 4.4% to 131 rupees, highest since June 12

** Stock set for fifth straight session of gains, rising 18.7% in the period

** Co approved rights issue worth 4 bln rupees ($45.3 million) in 3:4 ratio at 82 rupees on Monday

** More than 386,000 shares traded, 5.5x the 30-day avg

** NDTV up 2.7% YTD

($1 = 88.2940 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Sept 2 (Reuters) - New Delhi Television Ltd NDTV.NS:

• BOARD APPROVES 4 BILLION RUPEES RIGHTS ISSUE

Source text: ID:nBSEbCWVvV

Further company coverage: NDTV.NS

(([email protected];;))

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

• BOARD TO MEET SEPTEMBER 2 TO CONSIDER FUND RAISING

Source text: ID:nBSE7VN9hg

Further company coverage: NDTV.NS

(([email protected];))

** Shares of micro-irrigation companies Jain Irrigation Systems JAIR.NS and Mahindra EPC Irrigation MHID.NS rise 3.5% and 20%, respectively, extending previous session gains of 6.3% and 2.5%

** Rally fueled by expectations of zero GST on sprinklers and other irrigation equipment, which are currently taxed at 12%

** NDTV Profit reports, citing sources, about a government proposal to remove GST on key farm tools, signaling relief for agri-input costs

** Indian government is pushing for the country's biggest tax overhaul in eight years, aiming to cut levies on everyday goods and shift to a simplified two-slab GST structure

** GST Council likely to decide on tax reforms in September–October meeting

** Year-to-date, JAIR down 25%, while MHID up 35%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Adds background in paragraphs 3-6

July 16 (Reuters) - Air India has completed the inspection of fuel control switches on Boeing 787 planes BA.N with no issues being found, Indian broadcaster NDTV said on Wednesday, citing an official.

Boeing and Air India did not immediately respond to Reuters requests for comment. Reuters could not immediately verify the NDTV report.

India on Monday ordered its airlines to examine fuel switches on several Boeing aircraft models, while South Korea ordered a similar measure on Tuesday, as scrutiny intensified of fuel switch locks at the centre of an investigation into a deadly Air India crash last month that killed 260 people.

India's Directorate General of Civil Aviation (DGCA) had said it issued an order to investigate locks on several Boeing models, including 787s and 737s, after several Indian and international airlines began making their own inspections of fuel switches.

A preliminary report released last week into the crash found the switches had almost simultaneously flipped from run position to cutoff shortly after takeoff.

The Boeing Dreamliner bound for London from the Indian city of Ahmedabad began to lose thrust and sink shortly after takeoff, according to the report on the world's deadliest aviation accident in a decade.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Devika Syamnath)

(([email protected];))

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)

(([email protected];))

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)

(([email protected]))

Adds context on importance of India market for OpenAI in paragraph 3, Open AI comment in paragraph 10, global AI market estimates in paragraph 12

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 including the Indian Express and the Hindustan Times, are joining proceedings against OpenAI for improperly using copyright content, legal papers show.

Courts globally are hearing claims by authors, news organisations and musicians who accuse technology firms of using their copyrighted work to train AI services without permission or payment.

India has more than 690 million smartphone users thanks to cheap mobile data plans and OpenAI has said the country is a critical market.

The Indian 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 for users of the powerful AI tool.

Reuters was first to report the case filing by the 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 joined the lawsuit.

The 135-page case filing, 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", adding that "the disproportionate power of tech companies in prioritising content and extracting advertising revenue has raised concerns among publishers."

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 part of the legal challenge despite being member of the DNPA, the filing said, without elaborating on the reasons.

Asked for comment, OpenAI reiterated an earlier statement that it was engaged in constructive partnerships with many news organisations, including in India, and was using publicly available data in a manner protected by fair use principles to builds its AI models.

None of the Indian media companies involved immediately responded to Reuters request for comment.

The global AI market is expected to grow to $320 billion to $380 billion by 2027, expanding 25% to 35% each year, with the India market likely to follow that trend, according to Boston Consulting Group and India's tech lobby group NASSCOM.

LANDMARK INDIA CASE

In the United States, the New York Times sued OpenAI and its largest financial backer Microsoft MSFT.O in December 2023, accusing them of using millions of its articles without permission to train chatbots to provide information to users.

The new Indian intervention will add firepower to ANI's lawsuit against OpenAI in India's most high-profile legal proceedings on the issue.

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

Responding to the ANI case, OpenAI said in a court filing 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 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.

"India is really important because it's the youngest demographic in the world ... we've seen massive uptake of ChatGPT, it's almost our second largest country in terms of users outside of the US," Misra said in a recent interview with AIM TV.

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.

(Reporting by Aditya Kalra and Arpan Chaturvedi; Additional reporting by Praveen Paramasivam; Editing by Sonali Paul and Kate Mayberry)

((Email: [email protected]; X: @adityakalra;))

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

(([email protected];;))

Adds details, background

Dec 3 (Reuters) - Several entities linked to the Adani Group have approached the India markets regulator seeking to settle a case that accuses them of violating public shareholding regulations at some listed companies, the Economic Times reported on Tuesday.

The Securities and Exchange Board Of India (SEBI) had sent notices to Adani Enterprises ADEL.NS, the group's flagship company, as well as Adani Power ADAN.NS, Adani Ports APSE.NS and Adani Energy ADAI.NS alleging they had wrongfully categorised the shareholding of certain entities.

The groups' breaches of a minimum public shareholding requirement date back to 2020 and the SEBI had sought to recover about 25 billion rupees ($295 million) from the entities, ET said.

Adani Enterprises and one of its directors, Vinay Prakash, as well as an Ambuja Cements ABUJ.NS director, Ameet Desai, have proposed a settlement, ET reported.

Another proposal for a 2.8-million-rupees ($33,035) settlement is from Emerging India Focus Funds (EIFF), a Mauritius-based foreign portfolio investor that the SEBI says is linked to Vinod Adani, brother of Adani Group Chairman Gautam Adani, ET said.

The report did not have information regarding other settlement applications.

The proposals were submitted last week in response to a show-cause notice issued by the SEBI on Sept. 27 to about 30 Adani Group entities, the newspaper reported.

The entities have contested the charges in response to the notice and the settlement application is only a precautionary measure, ET added, citing a source.

The Adani Group did not immediately respond to a Reuters request for comment.

Last month, U.S. authorities accused Gautam Adani and some top executives in the Adani Group of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and of misleading U.S. investors during fund raises there, charges the group has called "baseless".

($1 = 84.7580 Indian rupees)

(Reporting by Anuran Sadhu and Sethuraman NR in Bengaluru; Editing by Savio D'Souza)

(([email protected]; +91 8697274436;))

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)

(([email protected];))

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.

(Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh)

(([email protected];))

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)

(([email protected];))

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)

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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)

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Updates to add closing levels

By Sethuraman N R, Bharath Rajeswaran and Indranil Sarkar

Nov 21 (Reuters) - Adani Group companies lost about $27 billion in market value on Thursday 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 closed down 23% in its worst one-day drop since February last year.

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 - also fell between 7% and 19%. NDTV NDTV.NS shares closed up 0.2%.

The sharp selloff had dropped the capitalisation of the 10 Adani-backed companies to about $142.6 billion by 1033 GMT, from $169.1 billion on Tuesday.

"Normally investors do not like any lapse of corporate governance and till the time there is clarification, investors will shy away from Adani Group stocks," said Saurabh Jain, a retail equities analyst at SMC Global Securities.

In a statement, Adani Group dismissed the accusations as "baseless and denied", and vowed to seek "all possible legal recourse".

They come less than two years after U.S. short-seller Hindenburg Research in February 2023 accused the group of improper use of tax havens and involvement in stock manipulation, which the conglomerate also denied.

Late Wednesday, 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 for contracts expected to yield profit of $2 billion over 20 years, and develop India's largest solar power project.

The prosecutors added that the Adanis, along with former Adani Green Energy ADNA.NS CEO Vneet Jaain, raised more than $3 billion in loans and bonds by hiding their corruption from lenders and investors.

Adani Green Energy cancelled plans to raise $600 million in U.S. dollar-denominated bonds after the news.

"The group faces growing challenges in accessing global capital markets amid heightened scrutiny," said Narinder Wadhwa, managing director of SKI Capital.

In early Asian trade, Adani dollar bonds slumped, with prices down 3 to 5 cents on bonds for Adani Ports and Special Economic Zone US00652MAJ18=TE. They were the largest falls since Hindenburg's short-seller report.

Group firms also dragged down Indian benchmarks on the day, with the NSE Nifty 50 .NSEI falling 0.72% and the BSE Sensex .BSESN losing 0.5%. .BO

U.S.-based investment firm GQG Partners GQG.AX, which invested $1.87 billion Adani Group companies shortly after the Hindenburg report in a sign of support, saw its Australia-listed shares plunge 23% on Thursday.

($1=84.4000 rupees)

(Reporting by Sethuraman NR, Bharath Rajeswaran and Indranil Sarkar in Bengaluru; editing by Stephen Coates, Saad Sayeed and Jason Neely)

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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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