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Tag: Adani Group

  • ACC wins the prestigious Golden Peacock Environment Management Award for the sixth time

    ACC wins the prestigious Golden Peacock Environment Management Award for the sixth time

    Mumbai: ACC, the cement and building material company of the diversified Adani Portfolio, is proud to win the Golden Peacock Environment Management Award for the sixth time from the Institute of Directors, a global authority on corporate excellence. It highlights the benchmarks set by the company with its comprehensive and steadfast adherence towards sustainable practices.

    Adani group CEO of cement business Ajay Kapur said, “This recognition is a testament to our constant commitment towards sustainability. By embracing a robust governance structure towards each of our Environment, Social, and Governance (ESG) pillars, we have been successful in embedding a culture of sustainability into our people and across our organisation. This approach ensures our performance exceeds beyond compliance and sets new benchmarks.”

    ACC has been recognised with this Golden Peacock Award, for its robust governance system towards environment management, adoption of ISO 14001 (EMS) certification for its plants, regular internal and external audits, strong environment compliance system, and the utilisation of innovative technologies for environment protection.

    ACC remains committed to climate change mitigation being the first cement company to sign the Net Zero 2050 pledge and has its short-term (2030) goals validated by the Science Based Targets initiative (SBTi).

  • 600 plus attendees to attend Unstop’s Talent Meet 2024

    600 plus attendees to attend Unstop’s Talent Meet 2024

    Mumbai: Unstop, the talent discovery, engagement, and hiring platform for students and graduates, is conducting the Unstop Talent Meet 2024 on 20th March at Taj Yeshwantpur, Bengaluru. The event shall bring together HR leaders, university partners, and students to address the one thought driving the ever-evolving HR landscape – what’s the future of talent hiring?

    Unstop Talent Meet 2024 is expected to have 600 plus attendees, 300 plus organisations, 25 panel speakers, and seven plus speaker sessions. Rahul Subramanian is set to host the event in his unique engaging style. Industry leaders including Deloitte partner Nathan SV; People Strong group CEO Pankaj Bansal; PwC partner Padmaja Alaganandan; Adani Group global chief human resource officer Vikram Tandon will be present at the event. A unique series of discussions titled Talent Talks will provide insights into employer branding, talent assessment and share secrets to hire ‘right’. Speakers from brands such as Marico, Air India, ITC, Mondelēz, L’Oreal, Lenovo, Ather, and many more, shall participate in the Talent Talks.

    The event will see the release of the much awaited Unstop Talent Report 2024 based on the views shared by students, HR leaders and university partners. The report will reveal insights into Talent Discovery, Engagement and assessments. Burning questions such as who is hiring now and how to bridge the skill gap to help students land their dream jobs shall be answered in the report.

    The Unstop employer branding tracker will be released with the dream employers list in various categories as voted and curated by students. Alongside this, students will be recognized for their performance and participation in competitions all year long through the Unstop Talent Awards 2024.

    Unstop founder and CEO Ankit Aggarwal said, “We are pleased to announce Unstop Talent Meet 2024, formerly called the Unstop Campus Hiring Meet. It is the biggest platform of its kind for students, graduates, HR leaders, and industry experts to come together, share insights, and explore opportunities. We invite HR leaders, university partners and students to come together and unlock possibilities on the playground of opportunities.”

    The event saw 300 plus HR leaders, 180 plus organisations, 50 plus universities, 20 plus panellists last year.
     

  • Gujarat Giants announced partnerships for 10 Season Pro Kabaddi League

    Gujarat Giants announced partnerships for 10 Season Pro Kabaddi League

    Mumbai: Gujarat Giants owned by Adani Sportsline, is one of the Pro Kabaddi League teams. The team which is based out of Ahmedabad has welcomed on board their official partners for the landmark 10 season of the Pro Kabaddi League.

    The official partner’s logos will be on the Gujarat Giants’ jersey for the season with ACC Limited prominently featuring as the front logo partner. That apart, Fortune Foods takes up their spot on the back of the jersey and the shoulders.

    The jersey’s right sleeve proudly showcases the Poojara Telecom logo followed by the Adani Group logo, while the left sleeve highlights the Dafa News logo.

    League11, a fantasy sports platform, secures the rights to display its logo on the team’s shorts. Additionally, the Shiv Naresh, who are among the most sought-after sports apparel organisations in the country, will have their logo on the nape of the jersey.

    Speaking on the partnership, Adani Sportsline CBO Sanjay Adesara said, “We are thrilled to welcome all our sponsors on board. Their belief in the Gujarat Giants’ potential and our shared passion for kabaddi fortifies our determination to excel in the upcoming Pro Kabaddi League 2023. These partnerships bring a promise of continued support for the Gujarat Giants family, and we are keen to ensure that it stands the test of time.”  

    Ajay Kapur, ACC Cement opened up about the collaboration CEO stating, “This partnership is a fusion of tradition and ambition, a synergy of two brands with the same passion and a common goal of nation building. We believe that this partnership is a beacon of the united pursuit of excellence and a symbol of the enduring bond between the two strong teams. Together, we will embark on a journey of transcending boundaries, breaking barriers, and empowering our youth.”

    Poojara Telecom director Rahil Poojara said, “We are excited to partner with the Adani Sportsline-owned Gujarat Giants team and support their journey in the Pro Kabaddi League season 10, Kabaddi is a great sport that promotes teamwork, agility, and fitness. We believe that this partnership will help us connect with our customers and promote healthy living in Gujarat. Kabaddi holds a special place in the hearts of millions of Indians, and we believe in the power of sports to bring people together. This collaboration not only strengthens our commitment to the community but also allows us to connect with a diverse audience across the nation.”

    These partnerships between the brands and Gujarat Giants signify a mutual commitment to the Indian kabaddi sports ecosystem. The ongoing 10 season of the Pro Kabaddi League, one of India’s premier tournaments, continues to captivate audiences with action-packed matches among 12 talented teams, who are battling it out for the title

    The 10 Pro Kabaddi League had begun in Ahmedabad, with the Gujarat Giants emerging as the best team in the first leg of the tournament. The Gujarat Giants have previously made the finals of the Pro Kabaddi League twice, and with Captain Fazel Atrachali and coach Ram Mehar Singh, will be hoping to land the elusive title in this season. 

  • Adani Group acquires IANS after NDTV, BQ Prime

    Adani Group acquires IANS after NDTV, BQ Prime

    Mumbai: Adani Group acquired the IANS wired news service agency as reported by PTI. Adani subsidiary AMG Media Network has taken control by purchasing a 50.5 per cent stake in IANS. Infrastructure conglomerate Adani Group now shifted its focus on Adani’s venture into the media business strategically. AMG Media Network subsidiary of Adani Group garnered a new feather in its cap after acquiring NDTV, a Quintillion Business news network (BQ Prime).

    As per regulatory filings, the Adani group acquired a stake of equity shares with an agreement with IANS and its shareholder Sandeep Bamzai. IANS (Indo-Asian News Service) is a network-wired news agency in India, South Asia, Africa, and North America. In the last decade, IANS shifted focus to the Indian news verticals.

    As filing mentioned , AMG media shareholders had signed an agreement with Sandeep Bamzai and IANS. In the financial year 2023, IANS had a turnover of around 11.86 crores. Despite the loss of 100 billion dollars due to short selling, the Hindenburg report stated irregularities in Adani’s financial irregularities.

    According to filings company management and control will be managed by AMG. Along with the right to appoint a board of directors. Allegedly IANS faced financial difficulty for day-to-day functioning. IANS media agency has more than 200 employees headquartered in New Delhi.

    Over the years Adani Group has diversified its portfolio into producing coal, energy distribution, mining, ports infrastructure, data centers, and more recently into cement and copper and now into media. The acquisition amount of IANS is not disclosed.

  • BQ Prime to be rebranded as NDTV Profit

    BQ Prime to be rebranded as NDTV Profit

    Mumbai: BQ Prime channel is all set to be relaunched under a new brand name, NDTV Profit, according to media reports.

    The channel will be rebranded as NDTV Profit and will launch on 8 December, as per close sources.

    BQ Prime was earlier owned by Quintillion Business Media, which was acquired by Adani Group last year.

    NDTV Profit was shut down on 5 June 2018. The decision to pull the plug on the channel, then owned by Prannoy Roy, was taken following mounting revenue losses.

    The announcement regarding the revival of the channel was made in January this year during a town hall held after the takeover of NDTV by Adani Group. 

  • ACC launches its new campaign ‘Bharosa Atoot’

    ACC launches its new campaign ‘Bharosa Atoot’

    Mumbai: ACC, the cement and building material company of the diversified Adani Group, launches its latest campaign that embodies its legacy of trust & durability. The film ‘ACC Bharosa Atoot’, takes viewers on an enchanting journey that beautifully captures a range of emotions and experiences, with trust as the cornerstone.

    ACC’s latest campaign honors and acknowledges the dedication and sacrifices made by our armed forces. The storyline, rich in symbolism, begins with an evocative scene of an airplane’s shadow touching down gracefully on an airstrip. It’s a metaphorical homecoming, a return to trust. Following this, we see an army, the embodiment of resilience and dedication, marching forward. Their unity is captured in a simple yet profound moment when two hands meet in a handshake – a silent declaration of the trust soldiers place in each other, which is emphasised by the words ‘Bharosa Lagta Hai’.

    The narrative takes a tender turn as we see an army man returning to his family. The air is thick with anticipation until joy shines from a young girl’s eyes, seeing her father. As she rushes to envelop him in a hug, the scene encapsulates the pure, unadulterated bond between a father and daughter. A mother looks on, her eyes reflecting a mix of pride and emotion, her smile capturing the essence of family and the ties that bind.

    Navigating through the picturesque hill road on a serene drive, the narrative captures a mother’s gentle guidance steering her family home, while a reassuring touch from the father underlines their shared journey and bond symbolizing the trust of ACC. Adding another dimension to the tale, the vast expanse of a concrete bridge and dam emerges as a testament to the quality and durability synonymous with ACC. The ending is on an emotional note, culminating with the entire family coming together and leaving the simple yet powerful message – ‘Ghar bhi bharose se banta hae’.

    Cement business CEO Ajay Kapur said, “From urban megastructures to every home, ACC has played an instrumental role both in India’s growing infrastructures and in the lives of common people. Through this film – Bharosa Atoot’, we would like to take people on a journey of why we build what we build. A journey to show the positive impact of our company on the lives of millions of Indians and the nation. A journey of winning the unbreakable trust of India.”

     

  • Ambuja Cements’ Hospital innovates rural healthcare

    Ambuja Cements’ Hospital innovates rural healthcare

    Mumbai: Ambuja Cements, the cement and building material company of the diversified Adani Group, has gone beyond its traditional role of constructing buildings to actively contribute to community development in a significant manner. An exemplary instance of this commitment is evident through Ambujanagar Multispecialty Hospital (AMH), where a remarkable case involving the treatment of multiple abnormally sized fibroids in a patient was successfully undertaken.

    Kailashben Kachadiya, a 45-year-old woman, sought medical attention at the gynaecology outpatient department of Ambujanagar Multispecialty Hospital, Gujarat, with complaints of lower abdominal pain and a sense of heaviness. A subsequent ultrasound examination revealed a complex and atypical medical condition characterised by multiple fibroids, including a substantial fundal fibroid. These findings indicated an abnormal enlargement of the uterus, comparable to that observed in a woman seven months into the pregnancy, leading to considerable discomfort and pain for Kachadiya. Under the meticulous care of gynaecologist Dr Hetal Gohil and with the unwavering support of the entire operating theatre staff, the surgical procedure was executed successfully by leveraging the expertise of the AMH medical team.

    Ambuja Cements commends the unwavering commitment of Ambujanagar Multispecialty Hospital’s doctors and staff in effectively managing an extraordinary case highlighting the significance of accessible healthcare in rural communities where specialised medical intervention and the overall well-being of the community seamlessly converge. This, in turn, has also led to the multispecialty hospital becoming the beacon of hope for the local population seeking top-notch medical care, eliminating the need for arduous journeys and costly accommodations.

    Ambuja Cements proudly embraces its role in fostering community development that extends beyond construction. Its ongoing efforts continue to enrich lives and make a positive impact through healthcare accessibility. This initiative stands as a testament to the brand’s unwavering dedication to comprehensive advancement and the sustainable growth of the communities it serves.

  • Adani Group announces open offer launch on 22 November

    Adani Group announces open offer launch on 22 November

    Mumbai: In a regulatory filing with the stock exchanges, NDTV said that the Adani Group on Friday announced a revised schedule for its proposed open offer to buy a 26 per cent public shareholding in the news network.

    The filing states that the Adani open offer will now likely begin accepting subscriptions on 22 November and end on 5 December.

    Previous dates for Adani’s open offer were from 17 October to 1 November.

    In August, Gautam Adani entities acquired Vishva Pradhan Commercial Pvt Ltd (VCPL), a lesser-known company that had lent the founders of NDTV more than Rs 400 crore.

    Also read : AMG Media Networks to indirectly acquire 29.18% stake in NDTV; launches open offer

    VPCL lent the money more than a decade ago in exchange for warrants that allowed it to buy a 29.18 per cent stake in NDTV at any time.

    VCPL, in collaboration with AMG Media Networks and Adani Enterprises, has proposed to acquire an additional 26 per cent, or 1.67 crore equity shares, at a price of Rs 294 per share.

    The promoters of NDTV had challenged the open offer and the acquisition of VCPL’s stake, claiming that the deal could not proceed without the approval of Sebi as well as the income tax department.

    The Adani Group had previously denied claims that the stake sale would require tax clearance.

    The NDTV promoters claimed that they were completely unaware of the takeover and that it was carried out without their consent.

    Following the transaction, the acquirer (Adanis) will not directly own any equity shares in the target company (NDTV), but will own at least 99.50 per cent and up to 100 per cent of the promoter company’s paid-up share capital (RRPR Holdings).

    The proposed sale of NDTV and its subsidiary, NDTV Networks Ltd., which together own 20 per cent of Malaysian media company Astro Awani Network Sdn Bhd, has been postponed in the meantime.

    By letter dated 9 November the Central Bureau of Investigation withheld for the time being its approval of the transaction.

  • Legends League Cricket locks LNJ Bhilwara Group’s ‘Bhilwara Kings’ as the fourth team

    Legends League Cricket locks LNJ Bhilwara Group’s ‘Bhilwara Kings’ as the fourth team

    Mumbai: Legends League Cricket has onboarded LNJ Bhilwara Group as the fourth franchise in the league for this season. From textiles and fashion to EV batteries, this company is making the grand transition into the sports business with this investment.

    Adani Group, GMR Group, and Manipal Education and Medical Group (MEMG) have already acquired franchises in the Legends League Cricket recently.

    The league, which is being played in India for the first time, is dedicated to the 75th anniversary celebration of Indian Independence and is being held in India from 16 September. The upcoming edition of the league will have four teams playing from 16 September to 8 October 2022 in six cities.

    The league will be played at the Eden Gardens in Kolkata, followed by Lucknow, New Delhi, Cuttack, and Jodhpur.

    Legends League Cricket founder and chairman Vivek Khushalani said, “We welcome Riju Jhunjhunwala of the LNJ Bhilwara group to be part of the Legends League Cricket. When we went to him with this idea, his enthusiasm was such that we knew that he was going to be part of our team. We are glad that he finally decided, and I thank him once again for all the support.”

    The $1.2 billion LNJ Bhilwara Group is known for its apparel and garments. It recently diversified into EV batteries.

    LNJ Bhilwara Group chairman Riju Jhunjhunwala said, “No sport can ever claim the love and popularity cricket has in our country. I am proud to be part of Legend’s clan, which has a religion-like fan following. In my career, I have watched so many cricketers, but this is a different feeling altogether to be part of the game. I am really looking forward to this season and many more of them.”

  • “This exercise of rights by VCPL was executed without any consent of the founders”: NDTV

    “This exercise of rights by VCPL was executed without any consent of the founders”: NDTV

    Mumbai: Hours after the announcement, the indirect acquisition of a 29.18 per cent stake in news broadcaster New Delhi Television Limited (NDTV) by a wholly owned subsidiary of Adani Enterprises’ AMG Media Networks Limited (AMNL), a document related to the development, accessed by Indiantelevision.com, stated, “This exercise of rights by VCPL was executed without any input from, conversation with, or consent of the NDTV founders, who, like NDTV, have been made aware of this exercise of rights only today. As recently as yesterday, NDTV had informed the stock exchanges that there was no change in the shareholding of its founders.”

    Also, as informed earlier, AMNL will also present an open offer to acquire another 26 per cent stake in the media house.

    The statement further added, “Without any discussion with New Delhi Television Limited (NDTV) or its founder-promoters, a notice has been served upon them by Vishvapradhan Commercial Private Limited (VCPL), stating that it (VCPL) has exercised its rights to acquire 99.50 per cent control of RRPR Holding Private Limited (RRPRH), the promoter-owned company that owns 29.18 per cent of NDTV.”

    In a statement released on 23 August, the Adani Group said, “RRPR is a promoter group company of NDTV (NDTV, BSE: 532529) and holds a 29.18 per cent stake in NDTV. VCPL, along with AMNL & AEL (persons acting in concert), will launch an open offer to acquire up to a 26 per cent stake in NDTV, in compliance with the requirements of the SEBI’s (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.”

    Also read : AMG Media Networks to indirectly acquire 29.18% stake in NDTV; launches open offer

    Simultaneously, NDTV management also clarified that the notice from VCPL is based on a loan agreement it entered into with NDTV founders Radhika and Prannoy Roy in 2009-10. “The notice states that VCPL has exercised its option to convert 19,90,000 warrants into equity shares of RRPRH at Rs 10 per share and that a total of Rs 1.99 crore has been transferred to RRPRH.”

    RRPRH, the owner of 29.18 per cent of NDTV, has been told to transfer all its equity shares to VCPL within two days.

    NDTV has also received a copy of the public announcement by VCPL dated 23 August of an open offer to acquire up to 26 per cent of the voting share capital of NDTV at Rs 294 per share (up to 16,762,530 fully paid-up equity shares) as per the requirements of the SEBI (substantial acquisition of shares and takeovers) Regulations, 2011.