|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
The publisher of the Financial Times' German offshoot says production will be stopped shortly and some 320 employees will lose their jobs.
The Financial Times Deutschland, which has a circulation of about 100,000, was launched at the height of the Internet boom in 2000 but was never profitable.
Hamburg-based publisher Gruner + Jahr said in a statement Friday it sees "no way" to continue publishing the loss-making paper beyond Dec. 7 amid further falling advertisement revenues.
The paper's journalists first reported that the daily is "about to be stopped" after a board meeting Wednesday.
The publisher of the English-language Financial Times, Pearson PLC, sold its stake in the German paper in 2008, but it continued to appear on the same distinctive salmon-colored paper.