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Corp Affairs Min moves NCLAT, seeks modification in its order on Tata Sons

Corp Affairs Min moves NCLAT, seeks modification in its order on Tata Sons

The Corporate Affairs Ministry on Monday moved the National Company Law Appellate Tribunal seeking certain modification in its order in the Tata Sons matter.

The Registrar of Companies (RoC) on Monday moved the National Company Law Appellate Tribunal (NCLAT) requesting to amend its order and remove the word illegal with respect to the conversion of Tata Sons from a public company to private company.

L&T Tech bags engineering, procurement project worth millions in Europe

L&T Tech bags engineering, procurement project worth millions in Europe

L&T Technology Services on Monday said it has bagged a multi-million-dollar engineering, procurement and construction management project in Europe.

"L&T Technology Services Ltd (LTTS)...won a multi-million dollar project from one of the world's top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of engineering, procurement and construction management (EPCM) services for the expansion of an existing site in Europe," the company said in a filing to BSE.

Reliance Infra wins arbitration award of Rs 1,250 crore against DVC

Reliance Infra wins arbitration award of Rs 1,250 crore against DVC

Reliance Infrastructure Ltd said on Monday it has won a major arbitration award of Rs 1,250 crore against government-owned Damodar Valley Corporation (DVC).

A three-member arbitration tribunal unanimously gave the award in favour of Reliance Infrastructure on December 21.

Google fined $167 million in France amid crackdown on online advertising

Google fined $167 million in France amid crackdown on online advertising

Google was fined 150 million euros ($167 million) in a French antitrust case involving online advertising as regulators throughout Europe criticize the tech giant’s business practices.

The French authority found Google abused its dominant position in search when it set “opaque and difficult to understand operating rules” for its Google Ads advertising platform that it applied unfairly and randomly.

Sharad Pawar slams govt, calls NRC and CAA diversion from 'serious issues'

Sharad Pawar slams govt, calls NRC and CAA diversion from 'serious issues'

NCP president Sharad Pawar slammed the NDA government on Saturday, saying the Citizenship (Amendment) Act and the proposed National Register of Citizens were ploys to divert attention from serious issues plaguing the country.

CAA and NRC are ploys to divert people's attention from serious issues that the country is facing, he told reporters in Pune.

Most banks will improve stressed assets by March, says SBI chairman

Most banks will improve stressed assets by March, says SBI chairman

SBI Chairman Rajnish Kumar on Saturday said most banks will be in a good position with respect to stressed assets by March and there is no dearth of liquidity in the system for lending.

He added that there are opportunities to lend in sectors such as infrastructure and consumer lending as there is not much of a decline in demand from consumers.

At least 35 arrested amid anti-citizenship act protests in Madhya Pradesh

At least 35 arrested amid anti-citizenship act protests in Madhya Pradesh

At least 35 people have been arrested in connection with Friday's violent protests against the contentious Citizenship Amendment Act in Madhya Pradesh, which left 20 police personnel injured, an official said.

Demonstrations against the law were held across the state on Friday, with protesters pelting stones at police in some places. Police used baton charge to disperse the protesters.

Disruption likely in steel industry after March as mine leases expire: SAIL

Disruption likely in steel industry after March as mine leases expire: SAIL

State-run SAIL on Saturday said the steel industry may face disruption post March 2020 when a number of mining leases expire.

A clutch of mining leases for coal and iron ore are slated to expire by March next year.

According to the amended Mines and Minerals (Development and Regulation) Act, these licences will not be renewed and the mines will be allotted through fresh auctions.

Delhi court asks police to allow lawyers to meet 40 detained in Daryaganj

Delhi court asks police to allow lawyers to meet 40 detained in Daryaganj

A Delhi court has come to the rescue of 40 people detained in connection with a violent protest in Daryaganj, by directing Delhi police to allow lawyers to meet the detainees and provide them legal remedies.

Chief Metropolitan Magistrate Arul Verma issued the directions to the station house officer of the Daryaganj police station late Friday night when lawyers approached him at his residence, seeking permission to meet the detainees.

Delhi weather: Thick fog in national capital; air quality ‘severe’

Delhi weather: Thick fog in national capital; air quality ‘severe’

A thick layer of fog enveloped the national capital Saturday morning as the minimum temperature settled at 9.5 degrees Celsius, a notch above the season’s average. The air quality in Delhi was recorded in the severe category at 429 at 10.40 am.

An AQI between 0 and 50 is considered ‘good’, 51 and 100 ‘satisfactory’, 101 and 200 ‘moderate’, 201 and 300 ‘poor’, 301 and 400 ‘very poor’, and 401 and 500 ‘severe’.

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