HT Media Ltd earlier this year announced plans to launch a national business newspaper aimed at "global Indian business readers.
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The newspaper will carry news and lifestyle reports from The Wall Street Journal's print and online editions as well from Marketwatch.com, said The Wall Street Journal and HT Media in a joint statement The agreement "emphasizes our desire to offer a business newspaper to Indian readers at a time when India has become a global player in myriad industries," said HT Media chief executive officer Rajiv Verma.
No specific date has been set for the launch of the paper, to be edited by Raju Narisetti, who was previously editor of the Wall Street Journal Europe.
The paper which as yet has no name will be the latest of a wave of new newspapers and magazines to hit the streets in India.
Last year alone, India's financial capital, Mumbai, saw the birth of two new newspapers last year -- the Mumbai Mirror and DNA.
In India, HT Media publishes the Hindustan Times whic