This week, two of the most recognized business news brands made their India debut. A facsimile edition of The Wall Street Journal Asia hit newsstands on Monday and Forbes, the magazine of the rich, launched its India edition yesterday.

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Most of Forbes India content is available online on business.in.com. The stories from Forbes International redirects to Forbes.com. Here’s editor Indrajit Gupta’s blog, here’s Steve Forbes’s note about the launch and here’s Network18 MD Raghav Bahl’s note on the occasion.

Network18 and Forbes media entered into an arrangement to launch a business magazine end of 2007. The magazine was supposed to launch in early 2008. In end 2008, government allowed foreign magazine titles to launch in India without restrictions on content. We had reported in April that Forbes will be launched by the third week of May.