“Paid News”-A Big Problem in Media

media-sectorThe foundations of the Journalism seem to have been shaken. The nuisance of "paid news" is increasing in media which fears The Editors Guild of India, the body which represents the media editors of the country, and has expressed its seriousness over this issue.

An Ethics commission would be soon brought into action to stop this hurtful practice. The Ethics committee would draft a code of conduct. It would be headed by T N Ninan, editor of financial daily Business Standard. Many top level editors would be a part of this committee. The code of conduct would contain all DOs and DON'Ts on the issue.

"Our big focus will be on disclosures. We intend to create an environment that puts moral pressure on editors and news organizations to come clean on paid deals, be they from the advertisers or political entities", said Guild president Rajdeep Sardesai.

The irresponsible acts by a few media organizations and journalists have been discrediting the entire media of the country. For this, publishers, editors and journalists of media would have to fight standing united together.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.