Zoo Station

A couple of days back, I had made a post about Raju Narisetti's departure from the Wall Street Journal to do a start-up in India. A couple of you had written hinting that Narisetti may be moving to head up the Hindustan Times' long-rumoured business newspaper. Turns out you guys were spot on.

Hindustan Times Media Ltd, the publishers of leading daily Hindustan Times, will launch an English business daily soon for which the company has appointed Raju Narisetti as Head of Editorial. HT Media plans to launch an English language business daily newspaper and website in the next few months. Raju Narisetti will report to Rajiv Verma, CEO, HT Media. Announcing the appointment, Verma said, "In order to create a world-class, respected and successful business newspaper we need the best global talent available and Raju is a perfect fit. With the changing economic landscape in India, there is an obvious place for a high-quality business daily. Raju has the right experience, exposure and respect to launch an unrivalled Indian business newspaper that will gain international recognition over time."

While I am a bit dissapointed that Narisetti is not doing a full-fledged start-up, I guess HT's paper could potentially be a great alternative to the existing business newspapers with him at the helm. Nonetheless, I can't help the feeling that the HT is a step down from the WSJ for Narisetti. Maybe it's just me. We'll see.