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India’s oil ministry has reportedly told Oil & Natural Gas Corp. to study the...

India’s oil ministry has reportedly told Oil & Natural Gas Corp. to study the possibility of making a counteroffer for a stake in Cairn India (CRNCY.PK) that would edge out Vedanta Resources' (VDNRF.PK) $9.6B bid. GAIL India (GAILF.PK) may join the offer.
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