Adani to buy remaining 51 per cent stake in BQ-publisher Quintillion Business Media

News Network
August 15, 2023

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Billionaire Gautam Adani's group will acquire the remaining 51 per cent stake in Quintillion Business Media Pvt Ltd to take full control of the Raghav Bahl-curated digital business news platform.

Adani Enterprises Ltd, the ports-to-energy conglomerate's flagship firm, in a stock exchange filing, said the board of its subsidiary AMG Media Networks Ltd 'has approved to enter into a binding memorandum of undertaking (MoU) with Quintillion Media Ltd for the acquisition of remaining 51 per cent stake' in the firm which operates the business and financial news digital media platform BQ Prime.

Quintillion was Adani's first bet in the Indian news industry before taking about 65 per cent stake in broadcaster NDTV in December last year.

AMG Media had previously bought a 49 per cent stake in Quintillion Business Media Ltd (QBML) for Rs 47.84 crore.

BQ Prime was earlier known as Bloomberg Quint, a former joint venture between US-based financial news agency Bloomberg Media and Bahl's Quintillion Media. Bloomberg exited that agreement in March last year.

'QBML will become a wholly-owned subsidiary of AMNL' after the acquisition, it said without disclosing the financial details of the deal.

Adani Group had set up AMG Media Networks for its foray into businesses of 'publishing, advertising, broadcasting, distribution of content over different types of media networks'.

In May 2022, AMG Media entered into a shareholders' agreement with Quintillion Media Ltd (QML) for the acquisition of QBML.

In September 2021, AMG Media Networks appointed veteran journalist Sanjay Pugalia to lead Adani Media Ventures, its media-focused company.

'The MoU records the terms of agreement and inter-se rights and obligations and other connected matters in respect of the acquisition of remaining 51 per cent equity shares of QBML by AMNL from QML,' the latest filing said. 

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News Network
March 1,2025

In a move to strengthen the presence of Kannada in industrial and consumer markets, the Karnataka government has made it mandatory for all products manufactured within the state to display their names and usage instructions in Kannada, alongside any other languages.

The directive was formalized through a government circular issued on February 15, extending the requirement to both public and private sector manufacturers, the report added.

Enforcement officers designated under the Kannada Language Comprehensive Development Act, 2022, have been tasked with monitoring compliance.

The government emphasized that language is a reflection of a region’s cultural identity and that Kannada must be actively integrated into production, marketing, and business activities for it to thrive. The circular reiterated that the Act, implemented from March 12, 2024, aims to enhance employment and business opportunities for Kannadigas while ensuring the widespread use of Kannada in daily life.

As per Section 17(7) of the Act, manufacturers selling products within Karnataka must, wherever possible, ensure that product names and instructions are printed in Kannada along with any other language if needed.

This directive comes at a time when debates over language policies are intensifying in Karnataka. Recent discussions around local job quotas and the prominence of Kannada in government and corporate sectors have added to the ongoing discourse on linguistic identity in the state.

On the occasion of Kannada Rajyotsava Day, Karnataka Chief Minister Siddaramaiah had announced that the state government would take steps to ensure Kannada language labels on products manufactured in Karnataka.

Speaking at an event honoring the 69 recipients of this year’s Rajyotsava awards, Siddaramaiah emphasized the importance of creating an environment that encourages the daily use and learning of Kannada.

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coastaldigest.com news network
March 1,2025

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Mangaluru, Mar 1: Muslim religious and community leaders have strongly opposed the Wakf Amendment Bill 2024, calling it a threat to religious freedom. They have urged the government to uphold constitutional values and withdraw the bill immediately.

Speaking at a press conference on Saturday, March 1, they stated that the bill, introduced in August last year, has faced widespread resistance. Critics argue that it undermines the rights of Muslims and disregards constitutional protections. The bill was referred to a Joint Parliamentary Committee, but reports suggest that the committee rejected opposition-proposed changes and introduced even more controversial provisions, deepening concerns.

Leaders emphasized that Wakf properties are sacred donations meant for religious and social welfare purposes within the community. The Wakf Act, first established in 1913 and amended multiple times, safeguards these properties. The Indian Constitution guarantees religious freedom under Articles 25-28, and Article 26 specifically grants religious communities the right to manage their institutions and properties.

The BJP-led government has proposed a new bill titled United Wakf - Management, Empowerment, Efficiency, Development (UMEED) Act. Community leaders fear that the amendments will reduce Muslim control over Wakf assets. One of the most contentious changes requires all Wakf properties to have documented proof within six months, failing which they will lose their Wakf status. Previously, an independent Islamic law expert surveyed Wakf properties, but the amendment shifts this responsibility to district collectors, raising concerns about impartiality. Additionally, the bill removes the requirement for only Muslim officials to be appointed to the Wakf Tribunal and mandates at least two non-Muslim members in the Wakf Board. Critics question why such changes apply only to Wakf institutions while other religious trusts remain self-governed.

The Joint Parliamentary Committee received 9.8 million public objections, the majority opposing the amendments. However, reports suggest that the government ignored these concerns and proceeded with the bill in both Houses of Parliament.

Opponents argue that this amendment aims to bring Wakf assets under government control, eroding the religious and cultural identity of the Muslim community. They view it as a divisive political move that threatens the rights of India’s largest minority.

Religious leaders have urged all citizens who support constitutional values and secularism to voice their opposition to the bill.

Prominent scholars and community leaders at the press conference included Khazi Ahmad Musliyar Takha Ustad, Khazi Zainul Ulama Mani Ustad, Sayyid Ismail Thangal Ujire, Usmanul Faizi Thodaru, U K Muhammad Sadi Valavoor, U K Abdul Aziz Darimi Chokkabetu, S P Hamza Sakhafi Bantwal, N K M Shafi Sadi Bengaluru, Abdul Hameed Darimi Sampya, P P Ahmad Sakhafi Kashipatna, K I Abdul Khader Darimi Kukkil, P M Usman Sadi Pattori, K L Umar Darimi Pattori, T M Muhiyuddin Kamil Sakhafi Toke, Dr M S M Zaini Kamil, Anees Kausari, Umar Darimi Salmar, Qasim Darimi Savanoor, M Y Abdul Hafeez Sadi Kodagu, Abu Bakr Siddiq Darimi Kadaba, K K M Kamil Sakhafi Suribail, Rafiq Hudavi Kolar, K M Abu Bakr Siddiq Montugoli, Hussain Darimi Renjaladi, M P M Ashraf Sadi Malluru, Abu Saleh Faizi Tumbe, Muhammad Ali Turkalike, and Muhammad Musliyar Mundol.

The meeting was led by B A Abdul Nasir Lakki Star, president of the Dakshina Kannada Wakf Advisory Committee, and Ashraf Kinar, vice president of the committee.

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News Network
March 14,2025

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Jaipur: A 25-year-old man was allegedly strangled to death in Rajasthan's Dausa district for trying to stop three men from applying colour on him ahead of Holi, police said on Thursday.

The incident was reported from Ralwas village on Wednesday evening when Ashok, Bablu and Kaluram reached a local library to apply colour on Hansraj, who was preparing for competitive exams there, officials said.

As Hansraj refused to be smeared with colours, the trio kicked him and thrashed him with belts, before one of them strangled him to death, Additional Superintendent of Police (ASP) Dinesh Agarwal said.

The angry family members and villagers later staged a protest with Hansraj's body, blocking a national highway in the area that continued till 1 am on Thursday.

The protesters demanded a compensation of Rs 50 lakh to Hansraj's family, a government job to one member of the family, and immediate arrest of the accused trio.

The body was finally removed from the highway after police assurance.

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