Among the many English newspapers in India, Hindustan Times is considered to be the most trusted. It is owned by the KK Birla branch of the Birla family and has been in operation since 1924. It has a very strong circulation in India.
Founded in 1924
Founded in 1924, Hindustan Times is one of the oldest English-language newspapers in India. Its origins date back to the Indian independence movement.
Hindustan Times started as a Delhi-centric paper. It was launched in 1924 by the Akalis. The Akalis wanted to establish a newspaper that would propagate Sikhism. They chose a three-storey building in the grain market of Delhi.
The newspaper became a symbol of the national agenda of the time. The Hindustan Times also played a crucial role in the Indian Independence movement. It reflected the sentiments of millions of Indians.
HT also operated businesses in print, radio, and education. Its employees managed these businesses. Its owners include the Birla family. The KK Birla group owns a 69 percent stake in HT Media. They also own Hindustan Unilever, India’s largest fast-moving consumer goods firm. HT Media also owns Fever 104 FM, a radio station. The Hindustan Times is a flagship property of HT Media.
Hindustan Times was initially a limited-liability company, but the company was formally incorporated in 1927. It is a public company owned by the Birla family. It has a daily edition in Hindi and a weekly edition in English, as well as a daily lifestyle supplement. It also publishes a monthly literary magazine and a children’s magazine. Its circulation is over 99,000.
Owned by the KK Birla branch of the Birla family
KK Birla Group is the business wing of the Birla family. It includes a number of businesses, including the shipping, cement, textiles, fertilizers, and sugar industries. It also owns a media company, the Hindustan Times. The group also owns a luxury magazine, the Mint, a luxury radio channel, Fever, and a fashion magazine, Kadambani.
The Birla family originated from the Maheshwari caste of Bania Vaishya traders in the Shekhawati region of Rajasthan. The family has been associated with numerous educational institutions, including the Sanskrit library in Benares, and the Birla Institute of Technology and Science (BITS) in Pilani. It has also been involved in charitable efforts, including the founding of the Birla Foundation, which gives out annual awards, and the Swargashram Charity Trust, which administers a Sanskrit school in Rishikesh.
Birla was elected to the Central Legislative Assembly in 1926. He was a member of the Rajya Sabha for 18 years, and was the chairman of the Federation of Indian Chambers of Commerce and Industry. He founded Birla Corp. and also was chairman of the Zuari-Chambal fertilizer conglomerate. He is currently the chairman of the Krishnarpan Charity Trust, which administers several educational institutions in the country. He was conferred a Doctor of Letters (Honoris Causa) by Pondichery University in 1997.
Circulation in India
During the week of Diwali, the currency in circulation in India declined for the first time in 20 years. This was because of growth in digital transactions. This could mean that there is minimal leakage from the banking system.
It also appears that a significant number of big tax evaders deposited their cash in Swiss bank accounts or real estate. This money was then laundered through money-laundering intermediaries. In India, these intermediaries also deposited notes in low-income Indians.
There were also instances where some people reported permanent loss of work because of demonetization. This happened in the rural areas as well as the metros. However, the most notable effects were the loss of jobs for agricultural wage workers.
In an attempt to combat the hoarding of illegal black money in high-denomination currency, the Reserve Bank of India demonetized them. It also made it mandatory to deposit the notes in formal channels. In the absence of this, the money could find its way back into the banking system.
Founded in 1924, Hindustan Times is one of the largest newspapers in India by circulation. It is also the second largest English newspaper after the Times of India. It has a total readership of eight million people in India. It is owned by the KK Birla group, and is managed by Shobhana Bhartia, who is the daughter of Krishna Kumar Birla and the granddaughter of Ghanshyam Das Birla. She is also a member of the Congress Party and has been nominated as a Rajya Sabha MP from the same party.
Hindustan Times has been redesigned to cater to the multi-platform news consumption habits of today’s generation. This was done through the introduction of digital first. It has a total of six simultaneous editions, with editions in Delhi, Mumbai, Kolkata, Lucknow, and Nagpur. It has a monthly children’s magazine and a literary magazine, and also has a radio station.
Kunal Pradhan is the Managing Editor of Hindustan Times. He has been in the industry since 1994, and has worked in Delhi, Washington, DC, and New Delhi. He heads the Delhi and NCR editions, and has also written on various issues.