Update: Dow Jones has declined to comment on their India plans at this time, but from what we've heard, they looking more at the version of the Asian Wall Street Journal than the US or European edition. What is perhaps going to be more interesting, is the pricing that they choose for the Indian market, for a facsimilie edition. Original Story: News Corp owned Dow Jones, the publisher of the Wall Street Journal, has applied for an approval to the Foreign Investment Promotion Board (FIPB), to set up a wholly owned subsidiary in India which will publish facsimilie editions of newspapers. For the time being, the government has deferred taking a decision on the application. Readers will rememeber News Corp Chairman Rupert Murdoch, during his visit to India earlier this year had said that the company won't invest in the…
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