Fortune granted approval to launch Indian edition

15 Feb 2010

1

The ministry of information and broadcasting has approved publication of the Indian edition of the US business magazine Fortune under title Fortune India.

However, the ministry has stipulated that the the Indian company should obtain prior approvals to enter into financial arrangements such as for royalty payments, etc, as per current laws.

It has also stipulated that at least three quarters of the directors on the board of directors of the Indian company, Business Media Private Limited, and all its key executives and editorial staff should be resident Indians and for the appointment of expatriates or non resident Indians, to board or key editorial and managerial positions, prior clearances of the ministry would be required.

The ministry also said that it must be notified within 15 days of any change in the composition of resident Indian directors, key executives and editorial staff, which would remain subject to its post facto approval.

Earlier, Spectator India and Forbes India had also been permitted by the ministry to introduce Indian editions.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers