Latest news with #GautamAdani
Bloomberg
5 hours ago
- Business
- Bloomberg
Adani Energy Approves Raising $502 Million Via Share Sale
Billionaire Gautam Adani-controlled Adani Energy Solutions Ltd. approved raising 43 billion rupees ($502 million) via a stake sale. The Adani Group unit's board passed an enabling resolution to raise the amount via 'Qualified Institutional Placement' in one or more tranches, according to an exchange filing Saturday.
India Gazette
7 hours ago
- General
- India Gazette
"They carry not just dreams but a nation's resolve,' Gautam Adani congratulates NDA women cadets
New Delhi [India], May 31 (ANI): Industrialist Gautam Adani congratulated the first batch of women cadets at the National Defence Academy, calling their induction a historic step forward that reflects the nation's firm resolve and timeless values. In his X post, he wrote, 'Proof. Precedent. Possibility. Congratulations to all the first women NDA cadets as they start their march forward. They carry not just dreams but a nation's resolve. The path is new. The message is timeless. Jai Hind.' On Friday, the National Defence Academy (NDA) witnessed a momentous occasion as the first-ever batch of 17 women cadets was among the 336 cadets who graduated from the academy, marking the culmination of the 148th Course - Spring Term 2025, as per a release from the Ministry of Defence. According to the release, a total of 1,341 Cadets, including 336 from the passing out course, participated in the Passing Out Parade (POP) at the iconic Khetarpal Parade Ground in Maharashtra's Khadakwasla. Gracing the occasion as the Reviewing Officer was the Governor of Mizoram, General (Dr) VK Singh (Retd). The parade marked the successful completion of rigorous military and academic training by the cadets, culminating in a splendid display of precision, discipline and military bearing. It was impeccably conducted by Adjutant Lt Col Praveen Kumar Tiwari, astride his charger 'Reliant Robin'. Academy Cadet Captain Udayveer Singh Negi of 'G' Squadron commanded the parade with exceptional composure and military precision. In recognition of the exemplary performance, the Reviewing Officer presented the President's Gold Medal to Battalion Cadet Adjutant Prince Raj, the President's Silver Medal to Academy Cadet Captain Udayveer Singh Negi, and the President's Bronze Medal to Battalion Cadet Captain Tejas Bhatt. The prestigious Chiefs of Staff Banner was awarded to the Golf Squadron for overall excellence. The event concluded with a grand flypast featuring flag-trooping Chetak helicopters, Super Dimona motorised gliders, and the majestic Sukhoi-30 fighter aircraft. This symbolised the culmination of training and the cadets' readiness to embark on the next phase of their military journey. The event was attended by a diverse group that included proud families, distinguished dignitaries, school children, civilians, and serving and retired Armed Forces personnel. The Spring Term 2025 POP stands as a proud testament to the Academy's enduring commitment to grooming future military leaders, now enriched with the inclusion of women cadets destined to serve the nation with honour and valour. The release added that the event held historical significance as it marked the passing out of the first-ever batch of 17 Female Cadets from the Academy -- a transformative milestone in NDA's legacy of nation-building. (ANI)
Economic Times
7 hours ago
- Business
- Economic Times
The NYT paradox: Suing OpenAI, then signing with Amazon
NYT News Service The New York Times building in Manhattan The New York Times (NYT) has signed a licensing agreement with Amazon, allowing the tech giant to use its editorial content to train its artificial intelligence (AI) models. But this is not something new. Other media groups, such as News Corp — the owner of The Wall Street Journal, Barron's, MarketWatch, and The New York Post — struck similar deals with OpenAI in May last year. What makes this development notable or even ironic is the timing: it comes even as the NYT continues a legal battle with OpenAI and Microsoft for copyright infringement. The beginning In 2023, the NYT alleged that millions of its articles had been used without consent to help train their AI technologies. Back then, it was the first major US news outlet to sue OpenAI and Microsoft. "Defendants seek to free-ride on NYT's massive investment in its journalism by using it to build substitutive products without permission or payment," the lawsuit stated, as filed in Manhattan federal the NYT didn't specify a damages figure, it estimated that the unauthorised use of its content had caused 'billions of dollars' in harm. Additionally, the media company had spent $10.8 million by February this year on legal costs related to the generative artificial intelligence (GenAI) litigation, according to The Hollywood Reporter. NYT's case for collaboration 'The collaboration will make The New York Times's original content more accessible to customers across Amazon products and services, including direct links to Times products,' said NYT in a statement to further noted that the partnership highlights both companies' shared commitment to delivering global news and perspectives through Amazon's AI offerings. In addition, CEO Meredith Kopit Levien said, 'The deal is consistent with our long-held principle that high-quality journalism is worth paying for. It aligns with our deliberate approach to ensuring that our work is valued appropriately, whether through commercial deals or through the enforcement of our intellectual property rights.' Domino effect The NYT's move paved the way for other publishers to follow suit. Publications such as the New York Daily News, Chicago Tribune, Orlando Sentinel, and Florida's Sun Sentinel also filed lawsuits against OpenAI and claimed the tech companies had 'purloined millions of the publishers' copyrighted articles without permission and without payment.'However, the backlash wasn't limited to the United States. In November 2024, Indian news agency ANI launched legal action against OpenAI for using its published content without permission. It also alleged that ChatGPT falsely attributed fabricated stories to the agency. Just two months later, Indian media houses, including Gautam Adani's NDTV and Mukesh Ambani's Network18, also approached a New Delhi court, seeking to join the ongoing legal battle against the AI firm. Indian book publishers and their international counterparts joined in, too. Rising anxiety News organisations are increasingly anxious about the impact of AI on their workforce. One of the most recent examples is Business Insider, which announced layoffs affecting around 21% of its staff, according to Fox News the decision, CEO Barbara Peng said, 'The company is fully embracing AI,' noting that 70% of the team already uses Enterprise ChatGPT. She added that the goal is to achieve full journalism, creative professionals in writing, acting, and related fields also fear that AI will exploit their online work to produce competing content without fair compensation. AI models can already generate human-like text, images, and code in on the Amazon licensing deal, New York Times CEO Meredith Kopit Levien said, 'The deal is consistent with our long-held principle that high-quality journalism is worth paying for. It aligns with our deliberate approach to ensuring that our work is valued appropriately, whether through commercial deals or the enforcement of our intellectual property rights.'
NDTV
10 hours ago
- Business
- NDTV
Gautam Adani Congratulates First Batch Of Women NDA Cadets
New Delhi: Adani Group Chairman Gautam Adani on Saturday lauded the first batch of women National Defence Academy (NDA) cadets for scripting history in the annals of the Indian armed forces. The first batch of 17 female cadets graduated from NDA's 148th course on Friday. During the Passing Out Parade in Pune, they marched alongside over 300 male cadets. Lauding the initiative, the Adani Group Chairman called it "a nation's resolve" and stated that the message they share is "timeless". "Proof. Precedent. Possibility. Congratulations to all the first women NDA cadets as they start their march forward," said Gautam Adani, in a post on social media platform X. "They carry not just dreams but a nation's resolve. The path is new. The message is timeless. Jai Hind," he added. The women cadets joined the NDA in 2022, following a Supreme Court interim order that allowed women to seek admission to the tri-services academy. Division Cadet Captain Shriti Daksh secured the highest rank in the Bachelor of Arts stream. Cadet Lucky Kumar, Battalion Cadet Captain Prince Kumar Singh Kushwaha, and Cadet Captain Udayveer Singh Negi stood first in the Science, Computer Science, and B. Tech streams, respectively. Former Army chief and Mizoram governor V K Singh, who reviewed the passing out parade, called it a "proud day for India". "A new chapter in the legacy of NDA -- where courage knows no gender, and leadership knows no bounds," Mr Singh said on X. Pralhad Joshi, Union Minister of Consumer Affairs, Food and Public Distribution, on X, called the journey of the women in uniform "a testament to the indomitable spirit of Indian women who continue to break barriers and inspire the nation". "With unwavering resolve and sheer determination, women cadets have made history today by graduating from the National Defence Academy. This momentous step reflects the strength of #NariShakti and reaffirms our commitment to inclusivity and empowerment in our armed forces," Union Minister Joshi said. "We salute their grit, courage, and unwavering willpower. Jai Hind!" he added.
Entrepreneur
13 hours ago
- Business
- Entrepreneur
Adani Commits Up to $20 Billion Annual Capex
This aggressive capex strategy comes alongside a proposed INR 15,000 crore fundraising plan through a share sale or preferential allotment, for which shareholder approval is being sought. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Gautam Adani has doubled down on Adani Enterprises' growth strategy, announcing an unprecedented capital outlay of up to $20 billion annually over the next five years. In his annual letter to shareholders, the Adani Group chairman positioned the move as a bold vote of confidence in India's long-term economic trajectory and the group's ability to align with national priorities. "Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15–20 billion for the next five years," Adani stated, in his annual letter to Adani Enterprises shareholders. The focus, he noted, will be on building out infrastructure and utility verticals, signalling a shift towards sectors the company sees as pivotal to India's future. This aggressive capex strategy comes alongside a proposed INR 15,000 crore fundraising plan through a share sale or preferential allotment, for which shareholder approval is being sought. In FY25, Adani Enterprises marked a significant financial milestone, with total income crossing the INR 1 trillion threshold for the first time—a 2.1 per cent year-on-year rise. This growth was underpinned by strong performance from its incubating businesses. The group also reported a 7 per cent increase in revenue and an 8.2 per cent jump in Ebitda, with a net debt-to-Ebitda ratio at 2.6x, which Adani described as "healthy." While outlining the group's ambitious investment roadmap, Adani also addressed the ongoing scrutiny from U.S. regulators. Adani Green Energy, one of the group firms, is under investigation by the U.S. Department of Justice and the Securities and Exchange Commission. Adani was unequivocal in his response. "Let me be clear, this was not the first time we have been tested, nor will it be the last. Every challenge sharpens our resolve," he said. He reinforced the group's commitment to compliance and governance, adding, "As we cooperate with legal processes, let me also restate emphatically, our governance is of global standards, and our compliance frameworks are robust and non-negotiable." Among its headline projects, the conglomerate is leading India's most ambitious urban renewal initiative with the Dharavi redevelopment. "Over one million people will move from narrow lanes to sunlit, modern homes," Adani wrote. The plan includes building schools, hospitals, open spaces, and transit hubs, signalling a comprehensive reimagining of one of Mumbai's most densely populated areas. The letter underscores Adani's message: the group is not retreating. It's expanding—with scale, speed, and unwavering confidence.
