Page last updated at 09:22 GMT, Monday, 4 August 2008 10:22 UK

Murdoch plans expansion in India

Rupert Murdoch
India's media market could provide big opportunities for News Corp

Rupert Murdoch's News Corp plans to invest $100m (50.8m) over the next year to start six regional television channels in India.

The channels will broadcast in six languages and run under the Star brand.

Mr Murdoch also said he would double the number of staff at Dow Jones Newswires, which he bought along with the Wall Street Journal last year.

The expansion plans underscore Mr Murdoch's commitment to one of the world's fastest growing media markets.

News Corp also has a presence in China through its Star network but some analysts think India's more open media sector could provide greater opportunities.

Mr Murdoch also announced the launch of a 30-strong stock index, called the Dow Jones India Titans, that would track the performance of prominent Indian companies including Reliance Industries and Infosys.

News Corp bought Dow Jones & Co for about $5.6bn last year and is an aggressive buyer of media companies worldwide.

The company also owns MySpace and Twentieth Century Fox.

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