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
September 9,2024

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New Delhi: A man who recently travelled from a country experiencing mpox transmission has tested positive for the disease, the Union Health Ministry said on Monday.

"The previously suspected case of mpox has been verified as a travel-related infection. Laboratory testing has confirmed the presence of mpox virus of the West African clade-2 in the patient," it said.

The ministry said that it is an isolated case, similar to the earlier 30 cases reported in India from July 2022 onwards. It is not a part of the current public health emergency reported by WHO which is regarding clade 1 of mpox, it underlined.

"The individual, a young male who recently travelled from a country experiencing ongoing mpox transmission, is currently isolated at a designated tertiary care isolation facility. The patient remains clinically stable and is without any systemic illness or comorbidities," the ministry said.

The case aligns with earlier risk assessments and continues to be managed according to established protocols, it said, adding that public health measures, including contact tracing and monitoring, are actively in place to ensure the situation is contained.

"There is no indication of any widespread risk to the public at this time," the health ministry stated.

The World Health Organisation (WHO) last month declared mpox a Public Health Emergency of International Concern (PHEIC) for the second time in view of its prevalence and spread across many parts of Africa.

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News Network
August 28,2024

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Mangaluru: The Mangaluru City police have apprehended two individuals in connection with the recent stone-pelting incident at the residence of MLC Ivan D'Souza.

City Police Commissioner Anupam Agrawal identified the suspects as Bharat, also known as Yakshith, aged 24, and Dinesh Kurthamogeru, aged 20. Bharat, a driver from Bolantoor village in Bantwal taluk, has a history of three previous assault cases. Dinesh, who works in finance collection in Kanyana, hails from Kolnadu village in Bantwal taluk and has one prior assault case.

Following the incident, an FIR was lodged at the Mangaluru South police station. A special investigation team, led by ACP Central Sub-Division Pratap Singh Thorat, was formed to track down the culprits. The team conducted a thorough investigation, meticulously reviewing CCTV footage, verifying vehicle information, and gathering statements from eyewitnesses.

During interrogation, the accused confessed to the crime, citing anger over statements made by MLC D'Souza as their motive. They admitted that, after dining at Fish Crown Hotel around 9:30 pm, they impulsively decided to throw stones at D'Souza's residence.

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News Network
September 5,2024

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Sri Taralabalu branch mutt pontiff, Panditaradhya Shivacharya Swamiji, highlighted the shared spiritual values between Lingayat and Islam, emphasizing the potential for unity and mutual understanding between the two faiths.

Speaking at a program on the Quran organized by Jamaat-e-Islami Hind at Ta Ra Su Rangamandir, Swamiji reflected on the common ground that exists between these spiritual traditions. He noted that while Lingayat and Islam are distinct religions, they share several profound principles.

Swamiji explained that the Lingayat tradition advocates for the worship of one supreme God through Istalinga puja, and similarly, Islam, as taught by Prophet Muhammad, emphasizes the oneness of God and discourages idol worship, urging believers to connect solely with Allah.

He further remarked that throughout history, many have promoted the belief in one God, known by many names, yet societal barriers still persist. 

Swamiji called for the dismantling of these barriers, urging communities to foster love, mutual respect, and understanding. He encouraged all rational thinkers to promote harmony by breaking down walls of division and embracing one another in a spirit of brotherhood. 

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