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During his recent visit to India to launch the Dow Jones India Titan 30 Index (30-stock index tracking the stock-market performance of prominent Indian companies), News Corp's Rupert Murdoch revealed his plans to invest in regional channels.
He also expressed his reluctance to invest in the print media because of the 26% cap on foreign direct investment. We don't see ourselves taking a stake in print -- because it is not available and because we won't want to take just a 26 percent stake," Murdoch said
The company is planning to launch about six regional channels over the next one year under the Star group with an investment of $100m. Murdoch mentioned that they are looking at a pan-India presence using technologies like mobile, electronic and digital.
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