Business Standard:
Bloomberg, the leading global financial information service provider, has drawn up plans to operate a television news programme agency in India.
The proposed television software venture will produce and distribute business and financial news television programmes in English to local television channels.
According to sources, the company proposes to set up a 100 per cent subsidiary in the country for this purpose. The sources also said the company had applied to the Foreign Investment Promotion Board (FIPB) for permission to start operations.
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