Dow Jones (NYSE: NWS) & Co. In., the News Corp.-owned company that runs Dow Jones Newswires and publishes The Wall Street Journal, will double its investment in India for each of the next two years, the company’s India managing director Mitya New told Mint. For the firm, its India operations will become one of the largest outside the US. The company will set up an office in New Delhi, in addition to its current facilities in Mumbai, and headcount will jump to 70 by June, of which, 70% will be journalists, according to Indiantelevision.com. New said WSJ’s content sharing agreement with Mint still had two years to go and the company was happy with the arrangement. WSJ is expected to shortly launch a fax edition of the Journal in India, which is expected to be priced at Rs30. Mint, which publishes four pages of WSJ content, sells for Rs3.
The Walt Disney Co. (NYSE: DIS) India Pvt. Ltd has received approval from the Foreign Investment Promotion Board of the finance ministry to engage in the home entertainment and publishing businesses, without any additional foreign investment inflow. South Asia FM Ltd, Kalanidhi Maran-promoted FM radio network, has received approvals to increase foreign equity holding, Business Standard reports.