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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Shares of Quint Digital Media zoom on news of an Adani firm picking up a stake + questions swirl around how Adani will fund the open offer for Holcim’s cement firms in India.
Even a whiff of Adani can turn something to gold. That may well be the short synopsis for the change in fortunes that Raghav Bahl, owner of Quintillion Media, is experiencing.
It is public knowledge that Bahl had to exit Network18 in 2014, the media company he founded, after Mukesh Ambani-owned Reliance Industries decided to convert its debt in it into equity prematurely. Subsequently, Bahl attempted to start a business television channel in partnership with Bloomberg, but that too didn’t work out as his licence took forever to arrive.
Bahl then decided to focus on digital media, which never achieved …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.
NDTV and Network18 are now firmly loss-making—and show little urgency to fix the fundamentals.
