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The Foreign Investment Promotion Board (FIPB) is believed to have given its nod to the proposals from TV18 and Dow Jones while deferring the proposal of Lokmat Newspapers.

Television 18 India will now be able to launch three regional language business news channels - CNBC TV18 South, CNBC TV18 Gujarati and CNBC TV18 Channel 3, subject to any further approvals that may be required. TV18 in its application to FIPB said it was not seeking any fresh inflow of foreign investments for its expansion venture.

The proposal from Dow Jones & Company to acquire upto 100 per cent equity of Wall Street Journal India Publishing for publishing the facsimile edition of foreign newspapers is also believed to have got the FIPB nod, sources said.

However, the proposal from Lokmat Newspapers, the publisher of Marathi newspaper Lokmat and the promoter of a Marathi television channel seeking FIPB approval for the induction of upto 15 per cent foreign equity in one of its subsidiary company Prithvi Prakashan (PPPL) is said to have been deferred, sources said.