Ireland’s Independent News and Media (INM), sold a 7.3% stake in Jagran Prakashan Ltd (JPL) in a series of bulk deals yesterday and today. JPL CFO R.K. Agarwal said the company has authorized INM to sell upto 22 million shares, amounting to 7% stake in the publisher of Dainik Jagran,…

Publisher Jagran Prakashan Ltd today said net profit for the quarter ended 31 March was up 40.89% year-on-year at Rs21.81 crore on stronger ad sales. Net sales was up 6.59% at Rs197.57 crore. Total income grew 5.92% to Rs201.2 crore, even though it contracted marginally from Q3’s Rs207 crore. JPL…

In a late evening announcement yesterday, the finance ministry has exempted newsprint, glazed newsprint and light weight newsprint used for printing magazines from customs duty. Business Standard reports that the government has also decided to increase the ad rates paid by various government agencies, through the department of advertising and…

I just noticed that Yahoo India’s Hindi portal with Jagran has gone live. The site contains content from 14 Indian states: Bihar, Delhi, Chhatisgarh, Haryana, Himachal Pradesh, J&K, Jharkhand, Madhya Pradesh, Orissa, Punjab, West Bengal, Rajashtan, Uttaranchal and Uttar Pradesh. There’s a photos page, with segments. However, search remains in…