Rolta Ltd has decided to acquire a template-based solution company, Piocon Technologies of Chicago. Piocon Technologies provide various operational solutions to the oil and gas refineries.
Piocon Technologies design the tools to deliver the operational excellence, reliable matrices and efficient solutions for data base management. The solutions are capable of handling equipment and operations from various sources of large refineries. It would help to achieve downtime reduction, inventory rationalization, optimization of crude selection and improved refinery planning.
The state government of west Bengal has decided to allocate 750 acres of land in Raghunathpur, Purulia to Jai Balaji Group of the city. Jai Balaji Group would use the land for integrated steel, power and cement projects worth Rs 16,000-crore. It would start the first phase of project within a few weeks. The company has also decided to offer jobs to one member of each family whose land has been acquired to set up the projects. 
Union Govern
ONGC is likely to secure the minimum threshold of shareholder acceptances to acquire the UK-listed Imperial Energy. Final decision by the shareholders would be taken on Tuesday. ONGC can acquire Imperial Energy only after getting nod form 90% shareholders of Imperial Energy. Imperial maintains huge gas and oil reserves in the Russian field and Indian government recently allowed ONGC to go for the acquisition for energy security of the country. 
The Union Government may announce some fiscal measures in the form of a second economic stimulus package in a few days to propel the growth of economy. It had earlier announced the first stimulus package on December 7 and taken various measures to mitigate the impact of global slowdown. Reserve bank is also likely to cut interest rates as part of the second proposed stimulus package. 
An unbeaten 93 by S Badrinath steer Tamil Nadu to an eight-wicket win over Bengal and take his team to the semi-finals of the Ranji Trophy on the fourth and final day of the match.
