The media subsidiary of Adani enterprises AMG Media networks limited (AMNL), said on Tuesday that it had indirectly acquired a 29.18% stake in NDTV.
It has also triggered an open offer for it to take another 26% stake in the media house.
NDTV claimed that the announcement was done without its “consent” and stemmed from the exercise of warrants convertible into shares into shares in its promoter firm RRPR holding private limited, which has a 29.18% stake in the broadcaster.
NDTV promoters Pranay roy and Radhika roy continue to hold 32.26% stake in the NDTV.
# Indian air force
A court of inquiry of the Indian air force into the accidental firing of a Brahmos supersonic cruise missile in Marrch, which landed in Pakistan.
Indian airforce found that deviation from standing operating procedures (SOP) by three officers led to the incident.
Services of the officers have been terminated with immediate effect.
# Sex ratio at birth
The latest study by the Pew Research centre has pointed out that “son bias” is on the decline in India as the average annual number of baby girls missing in the country fell from 480000 in 2010 to 410000 in 2019.
The missing refers to how many more female births would have occurred during this time if there were no female selective abortion.
Among the major religions, the biggest reduction in sex selection seems to be among the groups that previously had the greatest gender balances, particularly among sikhs.
The world over, boys modestly outnumber girls at birth, at a ratio of approximately 105 male babies for 100 female babies.
This was the ratio in India in 1950s and 1960s.
# Exports
India’s goods exports are likely to touch $480 billion this year from $422 billion last year.
Trade deficit is likely to moderate in coming months.