State-owned Oil and Natural Gas Corp (ONGC) has begun an exercise to shed excess cost at the Mumbai offshore oil and gas fields of Panna-Mukta, whose control it regained after two and half decades and has already saved Rs 1 crore in the shipping cost.

ONGC has changed the contract for bringing oil produced from the fields lying in the Arabian Sea to land, resulting in saving of about $5,000 per day, sources with direct knowledge of the development said.

Nationalist Congress Party (NCP) supremo Sharad Pawar has extended support of West Bengal Chief Minister Mamata Banerjee against the Citizenship Amendment Act (CAA) and the National Register of Citizens (NRC) that was recently enacted by the Centre. Banerjee had asked opposition parties and non-BJP chief ministers to unite against CAA and NRC.

Indian cricketer Virat Kohli has finished 2019 as the number one batsman in International Cricket Council (ICC) Test rankings for batsmen.

This is also the second consecutive year that Virat has managed to achieve this feat.

Kohli finished the year on 928 rating points with Australia's marksman Steve Smith finishing 17 points behind him in second place.

Shares of Aavas Financiers gained 3 per cent on the BSE on Tuesday to hit a new high of Rs 1,976, in an otherwise subdued market, on the expectation of good earnings growth going forward. The S&P BSE Sensex was down 0.38 per cent at 41,399 points at 10:29 am.

The stock has been the second-highest value creator among the S&P BSE500 stocks, zooming 132 per cent in calendar year 2019. In comparison, the benchmark S&P BSE Sensex was up 15 per cent during the year.

Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 trillion of infrastructure projects that will be implemented in the next five years as part of the government's spending push in the infrastructure sector.

Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 trillion in infrastructure.

India's Karvy Group said on Tuesday it has appointed a new head of its financial services unit as part of corporate restructuring, a month after the country's market regulator slapped a ban on its stock broking arm for alleged misuse of client funds.

Karvy named Amitabh Chaturvedi as group chief executive officer of its financial services arm with a mandate to completely overhaul the governance processes, ensure best practices and to bring in greater fiduciary discipline to these businesses, the Hyderabad-headquartered firm said in a statement.

The Kerala Assembly on Tuesday passed a resolution against the recently enacted Citizenship Amendment Act (CAA), asking the Narendra Modi led Centre to withdraw the new legislation that has triggered nationwide protests.

Moved by Chief Minister Pinarayi Vijayan, the resolution was supported by all the MLAs except BJP's O Rajagopal.

The last date for linking of PAN (Permanent Account Number) with Aadhaar has been extended from December 31, 2019, to March 31, 2020, the Income Tax (IT) department informed on Monday. This is now the second time that the deadline for the same has been extended. The Ministry of Finance had earlier extended the deadline from September 30, 2019, to December 31, 2019.

Technology will be an important component in the upcoming Delhi polls as voters' slips will carry QR code to facilitate electors and speed up their identification, officials said on Monday.

The CEO Office here had recently said that Delhi will be the first state/UT in which a booth app shall be used in every polling station for the first time in the country.

Well, the website of JioMart with the tagline India ki nayi dukaan is a a new grocery shopping experience from Reliance Industries Limited, the country's most valued firm.

This in turn is expected to take on online grocery specialists- Bigbasket and Grofers, as well as global e-commerce giants Amazon and Walmart.

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