New Delhi: The matter related to the facsimile edition of the Financial Times, UK’s business daily published by the Pearson group, did not come up for hearing in the Supreme Court on Monday.
“The matter will come up for hearing on another date,” said the spokesperson for Pearson India. Financial Times Ltd had filed a special leave petition (SLP) in the Supreme Court in 2011 after Times Publishing House, a part of Bennett, Coleman & Co. Ltd, got an injunction against the UK media group, stalling the latter’s plan to launch a facsimile edition in India. The government had allowed 100% foreign direct investment (FDI) in facsimile editions of newspapers in 2009.
FT Ltd had obtained clearances from the Foreign Investment Promotion Board, the Registrar of Newspapers for India or RNI and the ministry of information and broadcasting to launch its facsimile edition under two titles -- Financial Times facsimile and FT Weekend.
BCCL, which publishes The Times of India and The Economic Times newspapers has the Financial Times registration and trademark, resulting in a 19-year old litigation with Pearson.
Times Publishing prints a four-page supplement known as the Financial Times that prevents the UK paper from entering the country.
HT Media Ltd, which publishes Hindustan Times and Mint, competes with BCCL’s newspaper brands in several markets.