News broadcaster New Delhi Television Ltd's (NDTV's) promoter firm RRPR Holding said on Monday that it had transferred shares constituting 99.5 per cent of its equity capital to Adani group-owned Vishvapradhan Commercial (VCPL). The transaction was done on Monday, RRPR Holding said in a disclosure to the stock exchanges, in consonance with a conversion notice, dated August 23, 2022, issued by VCPL. This follows the expiry of the two-year restraint imposed by the Securities & Exchange Board of India (Sebi) on November 26, it said.
India's double Olympic medallist P V Sindhu showed great determination to outwit Japan's Aya Ohori in the women's singles opening round, while B Sai Praneeth and Kidmabi Srikanth also advanced to the men's singles second round of the Indonesia Open Super 1000 event, in Bali, on Wednesday.
Sindhu was made to toil hard by China's He Bing Jiao
New Delhi Television (NDTV) has deferred its Annual General Meeting (AGM) by a week to September 27, the company said in a regulatory filing on Sunday. The AGM was originally scheduled to be held on September 20. The media company said that the deferment was due to the processes required after the notice and public announcement of the open offer made by Vishvapradhan Commercial (VCPL), an indirect subsidiary of Adani Enterprises, to its public shareholders.
Tokyo Olympian B Sai Praneeth will lock horns with Japan's Koki Watanabe, while Sourabh Verma faces France's Toma Junior Popov.
Top shuttler B Sai Praneeth and doubles player Dhruv Rawat have already pulled out after testing positive in the pre-departure testing.
Sindhu, a 2019 World Champion, lost 14-21, 21-15, 14-21 to Zhang in a match that lasted 55 minutes.
The World No 11 Srikanth will take on China's Lu Guang Zu in the next round.
In what was India's first-ever appearance in the tournament finale, they defeated the record 14-time champions Indonesia 3-0 at the Impact Arena in Bangkok, Thailand to lift the Thomas Cup 2022 title.
The agency has registered a case against Roy, his wife Radhika and RRPR Holdings for allegedly causing losses of Rs 48 crore to ICICI Bank, CBI sources said.
The Indian men's team is searching for its maiden medal at the tournament. No Indian men's team has ever reached the semi-finals of the Thomas Cup.
The emotional and financial impact of the coronavirus pandemic is weighing on Indian shuttler HS Prannoy's mind and he believes that the already "bleak" scenario would only get worse if things don't take a turn for the better in one and a half month's time. The coronavirus outbreak, which has killed over 40,000 globally, has put countries in lockdown and halted sports, including badminton, across the world. It has also triggered financial and mental woes across the world.
Three firms, Vishvapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd, have offered a price of Rs 294 for the acquisition of up to 1,67,62,530 fully paid-up equity shares of NDTV having a face value of Rs 4 from the public shareholders.
Fourth seeded Srikanth, who had claimed a silver medal at this year's Commonwealth Games, had to dig deep in his reservoir to outwit fellow Indian H S Prannoy 18-21, 30-29, 21-18 in a thrilling match, clocking an hour and seven minutes.
In the centre of an ownership battle with Adani Group, New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard. On Tuesday, the media arm of Adani Group said it had exercised rights to acquire an indirect stake of 29.18 per cent in NDTV through conversion of loans into equity in a promoter group entity of NDTV. This will trigger a mandatory open offer for an additional 26 per cent stake in NDTV, even as the broadcaster said its founder promoters had neither consented to the exercise of rights nor was any conversation or input given on the matter.
India's campaign at the BWF World Tour Super 300 tournament ends after Srikanth, Prannoy and Verma were knocked out earlier in the day.
Media company New Delhi Television (NDTV) recorded its highest-ever consolidated profit at the group level in over a decade for financial year 2021-22 (FY22), said co-chairpersons Radhika Roy and Prannoy Roy in the firm's latest annual report. Addressing shareholders, the Roys, founder-promoters of NDTV, said the company had emerged financially strong in FY22, continuing the turnaround of recent years. "Both the television and digital branches of the NDTV group reported their highest-ever profit. NDTV Ltd (television arm) recorded a profit of Rs 59.18 crore.
Kidambi Srikanth scored a stunning straight-games victory over world No. 4 Lee Zii Jia but Commonwealth Games champion Lakshya Sen suffered a shock defeat in the opening round of the Japan Open Super 750 badminton tournament, in Osaka, on Wednesday.
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
Vishvapradhan Commercial Private Ltd, a little-known entity through which the Adani Group has launched a hostile bid for NDTV Ltd, had an annual turnover of just Rs 60,000 few years back but it gave Rs 400 crore of interest-free loans to the broadcaster in 2009, as per Sebi orders.
P V Sindhu and Lakshya Sen sailed into the second round but it was curtains for Saina Nehwal and Kidambi Srikanth on a mixed day for India at the French Open Super 750 badminton tournament in Paris on Wednesday.
Tokyo Olympian B Sai Praneeth will meet compatriot HS Prannoy in his opening match, while former Commonwealth Games champion Parupalli Kashyap will square off against a qualifier.
HS Prannoy, Sameer Verma and Sourabh Verma are the men's singles players who have decided to withdraw while doubles specialists Chirag Shetty, Satwiksairaj Rankireddy, Manu Attri and Sumeeth Reddy have also opted out. Leading Indian women's singles players PV Sindhu and Saina Nehwal - both previous Olympic medallists - are making the trip to England, as are their male counterparts Kidambi Srikanth and B Sai Praneeth.
If Sindhu and Saina win their respective second round matches, they will face each other in the quarter-finals.
The Birmingham showpiece will be held from July 28 to August 8.
It is the surprise element of the unheralded shutters, who could pose a bigger threat to his medal aspirations at next month's Commonwealth Games.
Many believe the Thomas Cup victory can do for badminton what the 1983 World Cup triumph did for cricket in India.
The top Indian players, including Sindhu, Saina Nehwal and Srikanth have failed to lift the prestigious trophy
Sindhu, seeded third, was not at her usual best and trailed her Japanese opponent from the start in both the games.
Coach Vimal Kumar compared this triumph to India's 1983 Cricket World Cup win, hoping it will spur the popularity of badminton.
Defending champion PV Sindhu suffered a straight-game defeat to Tai Tzu Ying while Srikanth assured himself of a medal.
Lakshya Sen continued his rich vein of form as he sent the world No. 1 and top-seed Axelsen packing
Saina had pulled out of the opening round of All England Open Championships last week after suffering a thigh injury.
World number 14 Kidambi Srikanth has also withdrawn from the tournament and is in quarantine due to his close contact with Sai Praneeth, BWF said. Srikanth had returned a negative result on Monday.
This is Saina's first win over the South Korean, who got the better of the Indian in the quarter-finals of the French Open last year.
PM Modi met in person and interacted with the badminton squad
Top shuttlers, including Parupalli Kashyap and H S Prannoy, are waiting for their passports to fly out of the country.
Chess champion Koneru Humpy has been nominated for the prestigious Rajiv Gandhi Khel Ratna award
India have been drawn with top seeds and defending champions China, Thailand and hosts Finland for the upcoming Sudirman Cup badminton tournament, making it a tough Group A for the side to negotiate.
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