Amid clouds over the legal battle regarding $4.5-billion claim by the government towards profit and royalty from Panna, Mukta and Tapti (PMT) fields, state-run Oil and Natural Gas Corporation (ONGC) has physically taken over the PMT fields from Reliance Industries (RIL) and Shell.

The government had approached the Delhi High Court seeking to block RIL’s stake sale plans, including the -$15-billion deal with Saudi Aramco, citing non-payment of an international arbitral award to the tune of $4.5 billion on PMT.

GoAir has cancelled 18 domestic flights from cities including Delhi, Mumbai, Bengaluru, Kolkata and Patna due to non-availability of aircraft and adequate cockpit crew, a source said.

The budget carrier has reported a series of incidents involving engine glitches, mainly in its A320 Neo planes, which has resulted in non-availability of some of such planes for operations, the source said.

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 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 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 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.

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.

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 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.

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.

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