The Financial Times Group announced the beta launch of newssift, part of FT Search, in March 2009. Newssift. com is a next-generation search tool for business professionals that indexes millions of articles from thousands of global business news sources, not just the FT. The Financial Times Group acquired Money Media (an online news and commentary site for the industry) and Exec-Appointments (an online recruitment specialist site for the executive jobs market). The FT Group once had a 13. 85% stake in Business Standard Ltd of India, the publisher of the Business Standard. It sold this stake in April 2008 and has entered into an agreement with Network 18 to launch the Financial Times in India, though it is speculated that they may find it difficult to do so, as the brand 'Financial Times' in India is owned by The Times Group, the publisher of The Times of India and The Economic Times. The group also publishes America's Intelligence Wire, a daily general newswire service.