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.
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.
After the success of Chandrayaan 1 in 2008, India's Space Research Organisation (ISRO) will launch an exclusive weather satellite jointly with the French space agency CNES (Centre National d'Etudes Spatiales) in December 2009.
