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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coastaldigest.com news network
January 16,2025

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Mangaluru, Jan 16: In an unimaginable twist of fate, the vibrant life of 19-year-old K Ahmed Shaheem was abruptly cut short on the evening of January 15, as he collapsed and passed away while enjoying a game of badminton with friends at Falnir, Mangaluru.

Shaheem, the beloved son of Shareef, originally from Addoor and currently residing at Ivory Tower, Attavar, Mangaluru, was in the prime of his youth. 

A student pursuing his graduation at a local private college, Shaheem had a bright future ahead, filled with dreams and ambitions. His sudden death has left family, friends, and the entire community in shock and grief.

Witnesses recount the heart-wrenching moment when Shaheem, in the middle of an energetic game, suddenly fell to the ground. His friends, devastated by the sight, rushed him to the hospital in the hope of saving his life. But tragically, doctors confirmed that he had passed away by the time he arrived.

Shaheem was not only a student, but also a passionate individual deeply involved in various social organizations, where he touched many lives with his kindness and commitment. His sudden departure has left a void that can never be filled, and his memory will remain forever etched in the hearts of all who knew him.

As his family mourns the loss of their precious son, the community stands in solidarity, deeply moved by the untimely loss of a young life that had so much promise.

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News Network
January 23,2025

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President Donald Trump’s pick for the United States ambassador to the United Nations has become the latest administration nominee to voice the belief that Israel has “biblical” dominion over the occupied West Bank.

Elise Stefanik’s comment came during her confirmation hearing before the Senate Foreign Relations Committee on Tuesday. 

At the hearing, Elise Stefanik pledged to continue the US’s defense of Israel and advance Trump’s ‘America First’ agenda.

Stefanik, a Republican congresswoman from New York, further said that she supports the claims made by the far right in Israel that Jews have the “biblical right” to take land from Palestinians in the occupied West Bank.

Stefanik was definitive when asked if she shared the view of far-right Israeli finance minister Bezalel Smotrich and former hawkish minister Itamar Ben Gvir that Israel has a “biblical right to the entire West Bank”.

She responded with one word, “Yes.”

Democratic Senator Chris Van Hollen further asked Stefanik whether she supported Palestinians' right to self-determination.

Stefanik refused to answer the question directly, saying, “I think they deserve more than the failures that they have suffered under the leadership of terrorists.”

Representative Stefanik was first elected to the US House of Representatives in 2014, the youngest woman elected to Congress at the time, at just 30 years old, and represented New York's 21st Congressional District.

She is known to be a staunch advocate of Israel supports its decision to defund the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), 

Stefanik is an advocate of claims by Zionists that that Israeli regime is justified in killing and ethnically cleansing Palestinian Christians and Muslims from their lands and homes.

She made headlines in 2024 by questioning the presidents of the University of Pennsylvania, Harvard, and the Massachusetts Institute of Technology about what she claimed was antisemitism on college campuses.

At the time, US students at university campuses all across the country were protesting Israel's genocide of Palestinians in Gaza.

After positioning herself as a champion in the fight against the alleged rise in antisemitism, Rep. Stefanik began receiving large donations from Republican Jewish donors.

Stefanik has long been one of most ardent defenders Israeli occupation and annexation policy. 

In June 2024, US-Israeli billionaire Miriam Adelson reportedly donated $100 million to Trump for his presidential campaign in exchange for a promise to allow Israel to annex the West Bank. 

Israel's occupation and Jewish settlement of the West Bank and Gaza since 1967 have brought the Palestinian Christian community to the brink of extinction.

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News Network
January 14,2025

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Bengaluru: The BJP on Tuesday accused the police of "framing" an innocent person in the cow attack case in Chamarajapet here and demanded a fair investigation into the incident.

Sheikh Nasru (30), a native of Champaran in Bihar, has been arrested for allegedly slashing the udders of three cows on Sunday.

The matter escalated into a communal controversy after the saffron party threatened to observe 'Black Sankranti' if the culprits were not arrested before the festival.

The party has since emphasised that the actual perpetrators must be apprehended.

Addressing media here, BJP state president B Y Vijayendra said, "There are claims that an innocent man has been falsely implicated and is being projected as the culprit."

Leader of Opposition R Ashoka also raised doubts about the investigation, questioning how a mentally unstable man could work at the firm for a decade.

Ashoka noted that the incident occurred at the veterinary hospital, which spans four acres.

He alleged that the hospital was recently declared Waqf property and claimed that Karna, the owner of the injured cattle, had opposed the Waqf Board’s decision, suggesting this opposition might have led to the incident.

The party leaders led by Vijayendra and Ashoka celebrated 'Sankranti' by offering special prayers to cows at the spot where the attack took place.

Meanwhile, state Home Minister G Parameshwara dismissed the opposition charges and said the police were investigating the case without any bias.

"If the investigation reveals the involvement of more people, then police will not spare them," he told reporters here.

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