Deccan Chronicle Holdings Ltd, publisher of English daily Deccan Chronicle, launched its new business daily, Financial Chronicle, in Chennai and Hyderabad on April 16. Financial Chronicle is expected to hit the stands in Bangalore, Mumbai and Delhi shortly. Priced at Rs 1.50, the business daily would be available Monday to Friday.
Financial Chronicle is managed by a team of young media professionals and is mentored by one of the country’s most credible advisory board. Well-known agricultural scientist and one of the fathers of India’s Green Revolution, Prof MS Swaminathan; TRAI chairman Nripendra Mishra; founder and mentor of one of India’s most progressive software companies, Subroto Bagchi; and Member of Parliament Sachin Pilot are on the board, while Deccan Chronicle Holdings Ltd Managing Director T Venkattram Reddy is chairman of the advisory board.
Financial Chronicle has also appointed former SEBI Chairman M Damodaran as Ombudsman for the paper. In this capacity, Damodaran would represent readers’ interest in the newsroom, forewarn the editorial team of pitfalls of frontline reporting, address readers’ grievances and uphold the values of clean and honest journalism.
A Deccan Chronicle report quoted T Venkattram Reddy as saying, “Financial Chronicle has been crafted as a pure-play business daily to build on the aspirations of a young and prosperous India. Financial Chronicle simplifies business journalism to the basic principle of business, which is transaction. It looks at transaction from the simple premises of buy, sell, spend and save. It reduces business to a clutter-free enterprise shorn of jargon, addressing the concerns of ordinary investors and consumers.”
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