![]() ![]() ![]() And based on the Vivian Bose Commission's earlier report which found wrongdoings of the Dalmia – Jain group, that included specific charges against Shanti Prasad Jain, the Government of India filed a petition to restrain and remove the management of Bennett, Coleman and Company. In the early 1960s, Shanti Prasad Jain was imprisoned on charges of selling newsprint on the black market. Ltd., rebuffed his efforts to resume command of the company. Upon his release, his son-in-law, Sahu Shanti Prasad Jain, to whom he had entrusted the running of Bennett, Coleman & Co. Most of the jail term he managed to spend in hospital. ![]() In the court case that followed, Ramkrishna Dalmia was sentenced to two years in Tihar Jail after having been convicted of embezzlement and fraud. by transferring money from a bank and an insurance company of which he was the chairman. In 1955 the Vivian Bose Commission of Inquiry found that Ramkrishna Dalmia, in 1947, had engineered the acquisition of the media giant Bennett Coleman & Co. Ltd was sold to sugar magnate Ramkrishna Dalmia of the industrial family, for ₹20 million (equivalent to ₹2.4 billion or US$30 million in 2020) in 1946, as India became independent and the British owners left. He was respected in the United Kingdom as an expert on Indian current affairs.īennett Coleman & Co. In all he lived in India for fifty years. Sir Stanley Reed edited TOI from 1907 until 1924 and received correspondence from major figures of India such as Mahatma Gandhi. Subsequently, TOI saw its ownership change several times until 1892 when an English journalist named Thomas Jewell Bennett, along with Frank Morris Coleman (who later drowned in the 1915 sinking of the SS Persia), acquired the newspaper through their new joint stock company, Bennett, Coleman & Co. ( August 2021) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. Please help improve this section by adding citations to reliable sources. In the 19th century, this newspaper company employed more than 800 people and had a sizeable circulation in India and Europe. Knight fought for a press free of prior restraint or intimidation, frequently resisting the attempts by governments, business interests and cultural spokesmen, and led the paper to national prominence. In 1861, he changed the name from the Bombay Times and Standard to The Times of India. It wired Times dispatches to papers across the country and became the Indian agent for Reuters news service. In 1860, editor Robert Knight (1825–1892) bought the Indian shareholders' interests, merged with rival Bombay Standard, and started India's first news agency. In 1850, it began to publish daily editions. The paper was published on Wednesdays and Saturdays under the direction of Raobahadur Narayan Dinanath Velkar, a Maharashtrian social reformer, and contained news from Britain and the world, as well as the Indian Subcontinent. TOI issued its first edition on 3 November 1838 as The Bombay Times and Journal of Commerce. In recent decades, the newspaper has been criticised for establishing in the Indian news industry the practice of accepting payments from persons and entities in exchange for positive coverage. Reuters rated TOI as India's most trusted media news brand in a survey. In the Brand Trust Report India study 2019, TOI was rated as the most trusted English newspaper in India. (B.C.C.L.), which is owned by the Sahu Jain family. It is owned and published by Bennett, Coleman & Co. In 1991, the BBC ranked TOI among the world's six best newspapers. ![]() Near the beginning of the 20th century, Lord Curzon, the Viceroy of India, called TOI "the leading paper in Asia". It is nicknamed as "The Old Lady of Bori Bunder", and is an Indian " newspaper of record". It is the oldest English-language newspaper in India, and the second-oldest Indian newspaper still in circulation, with its first edition published in 1838. It is the third-largest newspaper in India by circulation and largest selling English-language daily in the world. The Times of India, also known by its abbreviation TOI, is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. ![]()
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