Timken gets nod for Tata stake
The Foreign Investment Promotion Board (FIPB) on Saturday cleared US-based Timken's proposal to buy out Tata Steel's stake in their joint venture company Tata Timken, among other applications involving a foreign direct investment (FDI) of Rs 190 crore.

MoF targets Rs 7000 crore divestment for next fiscal
Undeterred by the poor performance of PSU disinvestment so far this fiscal, the finance ministry has recommended a target of Rs 7000 crore for 1999-2000 from such sell-offs.

Govt plans Rs 2500 cr IT project
The IT Task Force is working out a long-term plan for setting up a large scale silicon chip fabrication facility in the country at an estimated investment of upto Rs 2500 crore.

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