Nehru (seen on left) had incorporated a company called The Associated Journals Ltd on November 19, 1937, the day his beloved daughter, Indira Priyadarshini, had turned 20.
It had paid-up capital of Rs 500000 - 200 preference shares of Rs 100 each (carrying a fixed but non-cumulative dividend of 5 per cent) and 30000 ordinary shares of Rs 10 each.
The objective of the company, said its memorandum of association, was to "establish and to carry on in the United Provinces (now Uttar Pradesh) and elsewhere the business of news agency, newspaper and magazine".
The signatories included Congress heavyweights like Nehru, Purushottamdas Tandon, Kailash Nath Katju and Rafi Ahmad Kidwai. The document was witnessed by Govind Ballabh Pant.
Three newspapers were published by The Associated Journals: National Herald in English, Qaumi Awaaz in Urdu and Navjeevan in Hindi.
According to one account, Ramkrishna Dalmia, once India's third-richest industrialist after JRD Tata and GD Birla, self-proclaimed expert on international affairs, protector of the holy cow and husband to no less than six wives, had invested Rs 10000 in Nehru's newspaper.
Dalmia and Nehru put their sons-in-law, Sahu Shanti Prasad Jain and Feroze Gandhi, respectively, on the newspaper's board of directors.
The venture required more and more money. The two began to bicker, and Dalmia left in a huff.
"He is an ugly man with an ugly face and an ugly mind and an ugly heart," Nehru would say of him.
Dalmia, in turn, blamed Nehru for the plight of Hindus during Partition, amongst other things.