MUMBAI: As part of CNN's international newsgathering expansion and content ownership strategy, the network has announced the opening of its third editorial operation in Mumbai, as well as the appointment of Mallika Kapur, currently a London-based reporter, as the network's Mumbai-based international correspondent.

CNN International newsgathering senior VP Parisa Khosravi said, "Owning and creating content is growing our business, on television, online, with affiliates and on new digital platforms. India has one of the fastest growing economies in the world and it makes sense for us to have a correspondent in Mumbai that can report for both our news and business programmes."

Kapur started with CNN in 2001 as an assistant producer and quickly promoted to an anchor and correspondent, covering a wide range of business and news stories in London production center. In her new position, Kapur has already started to report from the financial market in Mumbai, as part of the network's coverage on the global reaction towards US economic rescue plans.