The Times of India (TOI) is an English daily newspaper. In 2008, the newspaper reported that with a circulation of over 3.14 million as the world’s largest selling English daily daily, ranking it as the third largest selling newspaper in any language in the world. According to the Indian Readership Survey (IRS) 2012, the Times of India is the most widely read English newspaper in India with a readership of 7.643 million. This ranks theTimes of India as the top English daily in India by readership. It is owned and published by Benett,Coleman and Co.Ltd. which is owned by the Sahu Jain family. The Times of India was founded on 3 November 1838 as The Bombay Times and Journal of Commerce In Bombay during an intermediate period between the Mughal and British Raj . Published every Saturday and Wednesday, The Bombay Times and Journal of Commerce was launched as a semi-weekly edition by Raobahadur Narayan Dinanath Velkar, a Maharashtrian ReformistThe daily editions of the paper were started from 1850 and in 1861, the Bombay Times was renamed as The Times of India after amalgamation of three more newspapers. After India’s independence the ownership of the paper passed on to the then famous industrial family of Dalmiyas and later it was taken over by Sahu Shanti Prasad Jain.