Business Standard - Revision history

12.172.74.2: typo fix

2026-04-25T07:09:58Z

typo fix

← Older revision		Revision as of 12:39, 25 April 2026
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	==History==		==History==
	The newspaper's initial owner had been the [[Kolkata]]-based [[ABP Group]]. Circulation was rising, but losses were rising, possibly to above ~~[[Rupee~~\|~~Rs]]~~ 50 ~~[[crore]]~~, and ABP could not support it. ABP hoped that the government would allow the ''[[Financial Times]]'' to take an equity stake in Business Standard Limited and bring in funds.{{Citation needed\|date=April 2025}}		The newspaper's initial owner had been the [[Kolkata]]-based [[ABP Group]]. Circulation was rising, but losses were rising, possibly to above {{INRConvert\|50\|c\|year=1986}}, and ABP could not support it. ABP hoped that the government would allow the ''[[Financial Times]]'' to take an equity stake in Business Standard Limited and bring in funds.{{Citation needed\|date=April 2025}}

	In 1997, ''Business Times'' was purchased by Kotak Mahindra Finance, in a deal led by now [[Kotak Mahindra Bank]] Managing Director and CEO [[Uday Kotak]]. Kotak said in an interview in 2005 that BS was losing Rs 1.5 ~~crore~~ a month and ABP feared being bankrupted by the losses. Aveek and Arup Sarkar spun BS off into a separate company and approached Kotak as a potential buyer, fearing they needed to close down the paper. "I did a quick calculation. I believed that if I put Rs 20 crore into the paper, we could turn it around. The cost of acquisition was virtually zero. The Sarkars were so desperate that they were ready to give the paper up for nothing. I can’t remember how much we paid but it was only a crore or so. Kotak Mahindra was flush with funds – some from the Goldman Sachs JV – so it seemed like a risk worth taking," he said.<ref>{{cite web\|url=https://www.virsanghvi.com/People-Detail.aspx?Key=12\|title=Profile of Uday Kotak\|publisher=Virsanghvi.com\|access-date=17 August 2020\|date=5 September 2005}}</ref>		In 1997, ''Business Times'' was purchased by Kotak Mahindra Finance, in a deal led by now [[Kotak Mahindra Bank]] Managing Director and CEO [[Uday Kotak]]. Kotak said in an interview in 2005 that BS was losing {{INRConvert\|1.5\|c\|year=1997}} a month and ABP feared being bankrupted by the losses. Aveek and Arup Sarkar spun BS off into a separate company and approached Kotak as a potential buyer, fearing they needed to close down the paper. "I did a quick calculation. I believed that if I put Rs 20 crore into the paper, we could turn it around. The cost of acquisition was virtually zero. The Sarkars were so desperate that they were ready to give the paper up for nothing. I can’t remember how much we paid but it was only a crore or so. Kotak Mahindra was flush with funds – some from the Goldman Sachs JV – so it seemed like a risk worth taking," he said.<ref>{{cite web\|url=https://www.virsanghvi.com/People-Detail.aspx?Key=12\|title=Profile of Uday Kotak\|publisher=Virsanghvi.com\|access-date=17 August 2020\|date=5 September 2005}}</ref>

	The paper remained India's second-largest business daily in terms of circulation for years, until in 2017, when its ranking sank. In January 2019, it was judged by the [[Indian Readership Survey]] (IRS) to be the fourth largest financial newspaper (with an average annual readership of 107,000 copies) and third largest selling financial newspaper (with a total readership of 505,000).<ref>{{cite news \|url=https://economictimes.indiatimes.com/industry/media/entertainment/media/the-economic-times-is-number-4-among-english-newspapers-irs-2017/articleshow/62612582.cms \|title=The Economic Times is number 4 among English newspapers: IRS 2017 \|work=[[The Economic Times]]}}</ref>		The paper remained India's second-largest business daily in terms of circulation for years, until in 2017, when its ranking sank. In January 2019, it was judged by the [[Indian Readership Survey]] (IRS) to be the fourth largest financial newspaper (with an average annual readership of 107,000 copies) and third largest selling financial newspaper (with a total readership of 505,000).<ref>{{cite news \|url=https://economictimes.indiatimes.com/industry/media/entertainment/media/the-economic-times-is-number-4-among-english-newspapers-irs-2017/articleshow/62612582.cms \|title=The Economic Times is number 4 among English newspapers: IRS 2017 \|work=[[The Economic Times]]}}</ref>
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	==External links==		==External links==
	<!-- per [[BP:ELMINOFFICIAL]], choose one official website only -->		<!-- per [[WP:ELMINOFFICIAL]], choose one official website only -->
	* {{official website\|https://www.business-standard.com/}}		* {{official website\|https://www.business-standard.com/}}

Heriberto60T: expanded formatting to improve readability and updated info

2025-12-13T06:48:52Z

expanded formatting to improve readability and updated info

Show changes

>Iamrajdeepdas: minor update

2021-07-04T07:26:40Z

minor update

New page

{{short description|Indian English-language daily newspaper}}
{{Use dmy dates|date=January 2015}}
{{Use Indian English|date=January 2015}}
{{Infobox newspaper
| name = ''Business Standard''
| logo = Business Standard logo.jpg
| logo_size =
| image = [[File:Business Standard cover 03-28-10.jpg|225px|border]]
| caption =
| type = Daily [[newspaper]]
| format = [[Broadsheet]]
| owners = [[Business Standard Private Limited]]<ref>{{Cite web |url=https://www.thedailypao.com/who-owns-your-daily-newspaper/ |title=Who Owns Your Daily Newspaper? |access-date=14 February 2020 |archive-date=9 November 2016 |archive-url=https://web.archive.org/web/20161109050247/https://www.thedailypao.com/who-owns-your-daily-newspaper/ |url-status=bot: unknown }}March 2, 2016 The Daily Pao</ref>
| founder = [[ABP Group]]<ref>{{cite web |author=Sruthijith KK|title=Corrected: Business Standard Owner Uday Kotak Held Meetings With Potential Buyers |url=https://gigaom.com/2009/08/04/419-exclusive-business-standard-owner-uday-kotak-held-meetings-with-potenti/|website=gigaom.com |access-date=27 July 2018|date=4 August 2009}}</ref>
| publisher = Business Standard Ltd
| chairman = TN Ninan
| editorialdirector = Ashok Kumar Bhattacharya
| editor = Shyamal Majumdar
| maneditor =
| newseditor =
| managingeditordesign =
| campuseditor =
| campuschief =
| opeditor =
| sportseditor =
| photoeditor =
| staff = 400+(August, 2020)
| foundation = 26 March 1975
| language = English<br/>[[Hindi]]
| ceased publication =
| headquarters = Nehru House<br/> 4, Bahadur Shah Zafar Marg<br/>[[New Delhi]] 110002
| circulation = 189,000
| sister newspapers =
| ISSN =
| oclc = 496280002
| free = Yes
| website = {{URL|www.business-standard.com}}<br />{{URL|http://hindi.business-standard.com/}}
}}

'''''Business Standard''''' is an Indian [[English language|English-language]] daily edition [[newspaper]] published by Business Standard Private Limited,<ref>{{Cite web|title=Contact Us|url=https://www.business-standard.com/contact-us|url-status=live|access-date=4 July 2021|website=[[Business Standard]]}}</ref> also available in [[Hindi]]. Founded in 1975, the newspaper does extensive coverage on the [[Economy of India|Indian economy]], infrastructure, international business and trade, [[stock]] and [[currency markets]], corporate governance, apart from a range of other financial news, opinions and insights.

The main English-language edition comes from 12 regional centers, [[Mumbai]], [[New Delhi]], [[Kolkata]], [[Bangalore|Bengaluru]], [[Coimbatore]], [[Chennai]], [[Ahmedabad]], [[Hyderabad, India|Hyderabad]], [[Chandigarh]], [[Pune]], [[Lucknow]], [[Bhubaneswar]], and [[Kochi (India)|Kochi]]—and reaches readers in over 1,000 towns and cities across India.<ref>{{cite web|url=http://www.business-standard.com/about-us|title=About Us - Brand - Business Standard|author=Business Standard|publisher=Business Standard}}</ref>

==History==
The newspaper's initial owner had been the [[Kolkata]]-based [[ABP Group]]. Though unquestionably a huge editorial success, BS failed to click in the market{{Citation needed|date=March 2021}}. Though circulation rose, losses mounted, possibly to above Rs 50 crore, when ABP could not support it any more. ABP had lived in the hope that the Government would allow the London-based [[Financial Times]] to take an equity stake in Business Standard Limited and bring in the much-needed funds.<ref>{{cite web|url=https://www.outlookindia.com/magazine/story/a-distress-sale/202897|title=A distress sale|publisher=Outlookindia.com|access-date=17 August 2020|date=29 January 1997}}</ref>

In 1997, it was purchased by Kotak Mahindra Finance, in a deal led by now [[Kotak Mahindra Bank]] Managing Director and CEO [[Uday Kotak]]. Kotak said in an interview in 2005 that BS was losing Rs 1.5 crore a month and ABP feared being bankrupted by the losses. The scions of the ABP group - Aveek and Arup Sarkar had spun BS off into a separate company and approached Kotak as a potential buyer, fearing they may need to close down the paper. "I did a quick calculation. I believed that if I put Rs 20 crore into the paper, we could turn it around. The cost of acquisition was virtually zero. The Sarkars were so desperate that they were ready to give the paper up for nothing. I can’t remember how much we paid but it was only a crore or so. Kotak Mahindra was flush with funds – some from the Goldman Sachs JV – so it seemed like a risk worth taking," he said.<ref>{{cite web|url=https://www.virsanghvi.com/People-Detail.aspx?Key=12|title=Profile of Uday Kotak|publisher=Virsanghvi.com|access-date=17 August 2020|date=5 September 2005}}</ref>

===Circulation===
The paper had remained for years, India's second largest business daily in terms of circulation, until in 2017, when its ranking sank. In January, 2019, it was adjudged by the [[Indian Readership Survey]] to be the fourth largest financial news daily (by an average issue readership of 107,000 copies) and third largest selling financial news daily (by Total Readership of 505,000).<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/media/entertainment/media/the-economic-times-is-number-4-among-english-newspapers-irs-2017/articleshow/62612582.cms|title=The Economic Times is number 4 among English newspapers: IRS 2017|publisher=Economic Times}}</ref>

As of January, 2020, the paper had recovered some ground. The IRS 2019Q4 survey found the newspaper gaining 45,000 readers over the final quarter of 2019 to hit an average issue readership of 189,000 copies. It remained the third-highest selling financial newspaper in India, behind the [[Economic Times (India)|Economic Times]] and [[Mint (newspaper)|Mint]].<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/media/entertainment/media/et-continues-to-grow-daily-readership-crosses-1-1-m/articleshow/75705627.cms|title=The Economic Times continues to grow, daily readership crosses 1.1 million|publisher=Economic Times|date=13 May 2020|access-date=17 August 2020}}</ref>

==Editor==
Noted financial journalist T. N. Ninan was the Editor from 1993 to 2009. In January 2010, Ninan became [[chairman]] and editorial director of Business Standard Ltd and was succeeded as editor of ''Business Standard'' by Dr [[Sanjaya Baru]], who was formerly media advisor to Prime Minister [[Manmohan Singh]]. Long-term Business Standard editorial staff Ashok K Bhattacharya took charge of the paper after Baru quit to join a UK-based think tank in 2011.<ref>{{cite web|url=http://www.bestmediainfo.com/2011/09/ak-bhattacharya-replaces-sanjaya-baru-as-editor-of-business-standard/|title=AK Bhattacharya replaces Sanjaya Baru as Editor of BS}}</ref> The current editor is another Business Standard veteran Shyamal Majumdar.<ref>{{cite web|url=http://www.business-standard.com/author/search/keyword/shyamal-majumdar|title=Author-Shyamal Majumdar-Business Standard-Page 1|publisher=Business Standard}}</ref>

==Employees==
While exact figures are not known, more than 100 business journalists are currently employed with the publication. After the onset of the [[COVID-19 pandemic in India]], the newspaper has fired close to a 100 employees, almost half of whom were editorial staff including reporters, designers and senior editors.<ref>{{cite web|url=https://www.newslaundry.com/2020/07/02/business-standard-discontinues-sunday-edition-initiates-layoffs-across-bureaus
|title=Business Standard discontinues weekend edition, initiates layoffs across bureaus|publisher=Newslaundry.com|date=2 July 2020|access-date=17 August 2020}}</ref><ref>{{cite web|url=https://www.newslaundry.com/2020/07/31/media-layoffs-et-gujarati-shuts-down-business-standard-initiates-second-round-of-retrenchments|title=Media layoffs: ET Gujarati shuts down, Business Standard initiates second round of retrenchments|publisher=Newslaundry.com|date=31 July 2020|access-date=17 August 2020}}</ref>

The offices with the largest editorial teams are in [[Delhi]], which mostly covers government policy news and [[Mumbai]], mostly dedicated to corporate, financial and share market news. As of August, 2020 other offices with reporting bureaus are present in [[Kolkata]], [[Bangalore]], and [[Ahmedabad]] but have seen their strength go down. The newspaper also maintains few reporters in other major cities such as [[Chennai]] and [[Bhubaneswar]], but their numbers have been continuously reduced since 2016. Over this time, reporters based out of [[Lucknow]], [[Chandigarh]] and [[Hyderabad]] had been let go.

===Regular contributors===

*[[Bimal Jalan]], former governor of the [[Reserve Bank of India]]
*[[Subir Gokarn]] former Deputy Governor of [[Reserve Bank of India]]
*[[Shankar Acharya]], former Chief Economic Adviser to the [[Government of India]]
*[[Suman Bery]], director-general, National Council of Applied Economic Research
*Abheek Barua, chief economist of [[HDFC Bank]]
*[[Nitin Desai]], former chief economic advisor and former [[Under-Secretary-General of the United Nations|under-secretary general]] at the [[United Nations]]
*[[Surjit Bhalla]], chairman of OXUS
*Arvind Subramanian, Chief Economic Adviser to the [[Government of India]] (2015-2018) professor at the [[Peterson Institute for International Economics]]
*M. Govinda Rao, director of [[National Institute of Public Finance and Policy]]
*AV Rajwade, foreign exchange consultant
*[[Arvind Singhal]], chairman, Technopak Advisors

==References==
{{Reflist}}

==External links==
* {{official website|https://www.business-standard.com/ }} {{in lang|en}}
* {{official website|https://hindi.business-standard.com/ }} {{in lang|hi}}

{{Newspapers in India}}
{{ABP Group}}

{{DEFAULTSORT:Business Standard}}
[[Category:English-language newspapers published in India]]
[[Category:Business newspapers published in India]]
[[Category:Daily newspapers published in India]]
[[Category:Newspapers published in Kolkata]]
[[Category:Mahindra Group]]
[[Category:Publications established in 1975]]
[[Category:ABP Group]]
[[Category:1975 establishments in West Bengal]]