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
June 9,2025

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Bengaluru, June 9: A 33-year-old woman was brutally murdered in a hotel room in South Bengaluru, allegedly by a man with whom she had been in a relationship. The accused, 25-year-old Yashas, has been arrested by Subramanyapura police after reportedly confessing to the crime.

The victim, Harini R, a resident of Hemmigepura in Banashankari 6th Stage, was found with 13 stab wounds in a hotel room in the Poornapragna Housing Society Layout during the early hours of Saturday. Police say the murder took place on the night of June 7.

Yashas, a BCA graduate and employee of a private firm, is said to have surrendered voluntarily. After the murder, he returned to his residence in Kengeri, inflicted a self-stab wound, and contacted a police constable from the Kengeri police station. Based on the information, officers reached the hotel around 3:30 am. He was initially treated at a nearby facility before being shifted to KIMS Hospital. Following his recovery, he was discharged and taken into custody.

Initial investigations reveal that Harini was married to Dasegowda H.P., a 41-year-old farmer, since 2012. The couple has two daughters, aged 13 and 10. Three years ago, Harini reportedly met Yashas at a village fair, and a romantic relationship developed between the two, eventually leading to an extramarital affair.

The affair had come to the attention of both families a few months ago, and Harini had reportedly cut ties with Yashas after being counselled by her family. However, police believe the two recently reconnected and decided to meet "one last time."

According to police, Yashas picked Harini up around 5 pm on June 6 and took her to a hotel he had booked in advance. After spending time together, Harini reportedly told him she could no longer continue the relationship due to family pressure. Investigators allege that Yashas had pre-planned the murder, carrying a knife with him to the hotel.

Following the altercation, he is believed to have fatally stabbed her multiple times before fleeing the scene. During interrogation, he allegedly told police that he could not cope with her decision to end the relationship.

A case has been registered, and further investigation is underway.

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Agencies
June 9,2025

Bengaluru: Royal Challengers Bengaluru (RCB) moved the Karnataka High Court on Monday seeking to quash criminal case against it in M Chinnaswamy Stadium stampede incident that claimed 11 lives.

DNA Entertainment Networks Pvt Ltd, the event organiser, has also filed a separate petition challenging the FIR against it.

Royal Challengers Sports Limited (RCSL), owner of Royal Challengers Bangalore (RCB), has contended that it has been falsely implicated in the case.

According to the petition, RCSL claimed that it had clearly communicated on social media that only limited passes were available. It also said that even for free passes, pre-registration was mandatory for entry.

It alleged that stadium gates, which were supposed to open at 1.45pm, were actually opened only at 3pm, causing a crowd surge.

According to the event mangement firm, the incident occurred due to failure of crowd management by the police. The High Court is expected to hear the matter on Monday afternoon.

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News Network
June 10,2025

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Mangaluru, June 10: Eighteen crew members rescued from the blaze-hit Singapore-flagged container vessel MV Wan Hai 503 were safely brought ashore at the Indian Coast Guard berth of the New Mangalore Port Authority (NMPA) late Monday night. 

However, four of the crew members continue to remain missing. The rescue, carried out by Indian Naval Ship INS Surat, came in the wake of a massive fire triggered by a container explosion onboard the ship while it was navigating the Arabian Sea, approximately 78 nautical miles off the Beypore coast in Kerala.

Key developments:

•    The MV Wan Hai 503, a 270-metre-long container vessel, departed Colombo on June 7 and was en route to Mumbai when the incident occurred. An explosion in one of the containers reportedly caused a fire, resulting in 20 containers falling into the sea. 

•    Some of these containers are believed to be carrying dangerous cargo, including flammable and toxic materials, raising environmental and safety concerns.

•    The fire-struck vessel is currently being monitored closely amid efforts to control the blaze and prevent further environmental damage. Authorities confirmed that specialised response teams are en route to manage the hazardous materials on board.

•    Of the 18 rescued, two crew members are reported to be in critical condition, four suffered minor injuries, and a dozen others are being treated for psychological trauma. The injured were taken to AJ Hospital in Kuntikana, Mangaluru. 

•    The missing crew members include nationals from Taiwan, Indonesia, and Myanmar. There were no Indian nationals among the crew. 

•    The search and rescue operations are ongoing, involving Indian Navy and Coast Guard ships, as well as aircraft from Kochi and Mangaluru.

•    According to officials, the critically wounded were stabilized onboard the naval vessel before being transferred under close medical supervision upon arrival. “The critically injured were stabilised onboard INS Surat, and shifted on arrival under close medical supervision. Immediate evacuation was our priority,” a Coast Guard official told reporters, as per a report on PTI.

Port workers at Panambur described the emotional scenes as injured sailors—many visibly shaken—disembarked, some whispering prayers and others frantically asking for news about missing shipmates.

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