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.
With a first innings lead of 39 and 173 runs to the good overall, Bengal appeared to be slightly better off. But Tamil players bounced back into the game strongly and bundled out Bengal for 187. Tamil Nadu batsman then ransacked the Bengal bowlers and notched up the victory target of 227 by just losing two wickets.
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.
Leading innovative headset solutions company, GN has added yet another mobile accessory to its name by launching Jabra BT4010 Bluetooth headset that facilitates users to check the battery level, connection status and call status with just one glance.
Jabra BT4010 features a Smart Display which is placed in the center of this handset. Thus, the company considers it as a must buy for those who don’t want to scroll through endless menus, but want a cost effective solution that allows them to enjoy the ease of hands-free communication.