Financial Times to pick up 13.85% in Business Standard
The Financial Times will join the Kotak Mahindra group and Great Eastern Shipping as the leading investors in Business Standard. The company will continue to operate as an independent entity, with its management reporting to the board of directors, on which Financial Times will have appropriate representation. Read the FT story.

FT first to buy stake in Indian paper

Foreign Investment rules relaxed: Print Media : July 2, 2002.