Delhi Press is in talks to buy Man's World. Delhi Press is also interested in buying rights to publish Rolling Stone in India, Mint states.
Radhakrishnan Nair, editor of Man's World and Rolling Stone India said that since past 6 months they have been looking for investments from publishing house and private individuals to maintain their pace of expansion.
The Foreign Investment Promotion Board (FIPB) green-signals broking firm Sharekhan Ltd.’s proposal to sell 100 per cent stake to BNP Paribas after many deferrals. This move will allow the former to entice foreign investment of worth Rs 2,060 crore. Currently, this procedure falls under FDI policy that means, a foreign investor can have up to 100 percent stake in a stockbroking firm only under the automatic route.