some other group companies such as adani total gas, adani power, adani ports have also received suche notices have only asked the companies to defend them subs against the allegations and do not imply any further action. these are part of a supreme court led investigation after a u.s. short seller, hindenburg research, had made allegations of corporate fraud back in january of 2023. the group companies have said that they do not see any material impact of these notices. nonetheless, the auditors for some of these firms, noticeably adani enterprises, have said, have implied that this might affect financial statements in the future. these notices, as well as the one-time charge taken by the company, shall the complex -- show the complex environment the conglomerate still operates in, even as it expands and invests almost 100 billion in its green expansion. paul: all right. our reporter in mumbai there. just get you across the bloomberg terminal. we are seeing shares in bajaj finance jumping after regulators lifted curbs there. the rb the banking regulatori ordered them to stop sanction

the adani . rou - victim government. the adani grow) denies _ victim government.ies these _ victim government. the adani| group denies these allegations saying that the television operates with editorial freedom, impartiality and the highest ethical standards. india has hundreds of tv news channels. the opposition runs many regional ones but at the national level most are owned or controlled by ruling politicians or select is this barron's. a pre—election analysis of prime time coverage of some of channels had startling findings. half of them had anti— opposition seems full stop over one quarter praise the prime minister and just i% spoke of substantive issues like jobs and education. this perceived bias has a direct link to how these channels are funded. a big chunk of the money that many of these television channels are necessary government ads. prime minister narendra motor�*s government has spent over $700 million on print and television ads in theirfirst million on print and television ads in their first eight years in office. this woman tracks the media clos

adani posted a 38% slump in profit last quarter.e time charges at its airport unit. >> and we want to keep an eye on shares of mgm china when trading in hong kong gets underway for the parent company of mgm resorts international had gains after first quarter sales beat estimates. this year -- their ceo told us there aggressive approach to china is -- their aggressive approach to china is paying off. >> a couple of our markets, we question, we challenge, is there going to be growth there, what are the capital requirements? we probably will do something but time will tell. >> when you look at the excess cash reported, it is about $1.2 billion. it raises the question, would you consider acquisitions at this point, particularly when it comes to expanding your digital presence online sports betting? >> um, we see brick-and-mortar, i think less so. we are more interested in new jurisdictions that have real growth. we are building in japan. and that will take a great deal of our cash over the next couple years but when we think about digit

adani stocks are fairly flat right now.t to track with earnings coming up later today. but we will have more ahead. this is bloomberg. ♪ annabelle: some of the top corporate stories we're tracking here today in toyota's proposal to the acura toyota to its board is coming under pressure from two leading proxy advisory firms. institutional shareholder services is urging investors to vote against a finding -- founding family members citing the regulatory violations. they have also recommended in novo. chinese carmaker byd has unveiled a new hybrid power train able to travel more than 2000 kilometers without recharging or refueling. the upgrade means the automakers hybrids could cover the distance from new york to miami or from munich to madrid or a single charge and a full tank. the first two vehicles are the midsize sedan's with this zero .606. you can see byd is really jumping into the session. this really puts that oil maker ev company way apart from its peers. david: 2000 kilometers without a single charge brings to mind w

we've the money trickle down to players such as the adani group and smaller bills with billion dollar companies, we've seen this on the consumer side. income is grown. we've seen a lot of companies that were not well-known our household brands across country. we would get five who have seen their wealth boom. they have not listed their companies. they tend to hold them but there are dozens of billionaires not as well-known as figure names and we look to five of them this morning. paul: that starting to change. our reporter in mumbai. let's look at some other stories in india. media reports say 14 people have been killed and dozens injured after a fierce storm. rescue operations were ongoing. 20 or 30 people could be trapped. tragedy comes one week before votes in the national elections. aluminum maker novellus is completing its ipo next month. they are owned by an industry controlled by an indian billionaire. they're seeking to raise 1.2 million dollars and may target valuation. plenty more to come, this is bloomberg. ♪ >> welcome back, here are some top corporate stories. dollar bond

last year it was snapped up in a hostile takeover by billionaire tycoon gautam adani. mass exodus of star anchors as things began changing at the channel. if you look at the channel today, it is far more sympathetic to the government, far more hostile to the opposition. there was a series of documentaries months after the takeover. it was like an advertorial for the achievements of the modi government. the adani group denied these allegations, saying ndtv operates with editorial freedom, impartiality and the highest ethical standards. india has hundreds of tv news channels. the opposition runs many regional ones, but at the national level most are owned or controlled by ruling politicians or select business barons. a pre—election analysis of prime time coverage, and some of these channels have startling findings. half of them had anti—opposition themes. over a quarter praised the prime minister. and just 1% spoke of substantive issues like jobs and education. this perceived bias has a direct link to how these channels are funded. modi! modi! a big chunk of the money th