- 09:30 PM Positive global cues, RIL power markets
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- 08:53 PM Prestige Group ramps up investment plans
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- 07:55 PM Mahindra arm to bid for $3.5 bn defence deals
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According to the PTI (Press Trust of India), Russian President Dmitry Medvedev has given a thumbs-up to ONGC Videsh Limited’s (OVL) bid for the Russian focused oil explorer Imperial Energy. Petroleum Minister Murli Deora discussed the takeover bid with Medvedev in Tjakistan. In a related development, as reported by Reuters, the Chinese oil major Sinopec has decided not to make a counter offer to Imperial Energy.
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