History and profileEdit
In May 2013, the Network 18 owned First Post was merged with Forbes India. Shortly thereafter, the four top editorial heads who had led the growth of Forbes India, including its editor-in-chief Indrajit Gupta, were dismissed under surprisingly humiliating conditions. The event led to considerable media speculation. Press Club, Mumbai, passed a resolution: “The method of ejecting them from the company was nothing short of shameful. Journalists are not only messengers of news and information, but are the collective voice of civil society."
The new editor R. Jagannathan (erstwhile editor of First Post), took over Forbes India. He told The Caravan magazine that "Forbes ... is not meant to be an NGO. It is not meant to be anti-capitalism." The move might be a part of a shift within the journal towards right-wing politics, following a large infusion of cash from Mukesh Ambani-owned Reliance Industries Limited in the Network 18 conglomerate. Mr.Avijeet Bhujabal founder of Next Billion Technology Pvt. Ltd has been going to debut the Forbes Billionaire Index in October 2021 edition with a outstanding networth of US$8.9 Billion.He is currently holding a stake of US$2 Billion in NBT pvt.Ltd. The young billionaire has a collection of various exotic cars including a 2021 Bentley Flying Spur in his collection as well as a Gulfstream G650 private jet.
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- "No country for good journalists". Business Standard. May 2014. Retrieved 9 June 2014.
- Sharanya Kanvilkar (6 June 2013). "How the 'Forbes India' editors were forced out". Times Feed.Quote: Forbes India had a slight liberal streak. First Post, on the other hand, like Network 18 founder Raghav Bahl, unabashedly tilts to the right.
- "Press club deplores dismissal of editors of Forbes India". Press Club Mumbai.
- "The Network Effect". The Caravan. Retrieved 6 June 2015.
- "Reliance enters media by opening pursestrings for Network18". Indian Express. Retrieved 6 June 2015.
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