US ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion.

Global players like Germany's Daimler , China's Geely Automobile and Japan's Toyota have all unveiled investments in startups that aim to deploy electric flying cars capable of vertical takeoff and landing.

The Supreme Court on Monday said that Vijay Mallya cannot use pendency of his plea in the apex court to stall insolvency proceedings initiated against him in other jurisdictions.

A bench headed by Chief Justice S A Bobde passed the order after the Centre told the top court that Mallya used pendency of his plea to stall the UK court from delivering verdict in insolvency proceedings.

Even as Tata Sons moved the Supreme Court challenging the restoration of Cyrus Mistry as the executive chairman of the group by National Company Law Appellate Tribunal (NCLAT) last month, the sacked executive on Sunday said he does to intend to pursue the post.

I intend to make it clear that despite the National Company Law Appellate Tribunal (NCLAT) order in my favour, I will not be pursuing the executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries, Mistry said in a statement on Sunday, a day before the top court is scheduled to hear the Tata Sons' plea.

The Delhi Police has registered a case against unidentified people in connection with the violence in Jawaharlal Nehru University, officials said on Monday.

The case has been registered under section of rioting and damage to property, they said.

Amazon India on Monday said it has entered into long-term business agreements with Future Group for expanding the reach of the latter's retail stores and consumer brands through its online marketplace. The development comes after Amazon had agreed to buy 49 per cent stake in Future Coupons Ltd that in turn holds stake in Future Retail Ltd (FRL) last year.

"FRL and Amazon India signed two agreements focusing on key categories - grocery and general merchandise, and fashion and footwear," according to a statement released Monday.

Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath on Sunday announced that 'Defence Expo-2020' will be held in Lucknow in February this year.

The announcement was made at a press conference following a meeting by Yogi and Rajnath with top Defence Ministry and state officials in Lucknow.

Shares of Force Motors rallied nearly 11 per cent to quote at Rs 1,217 on the BSE on Monday after the automobiles company's vehicle sales jumped 62 per cent year on year (YoY) in December.

The stock was trading at its highest level since September 24, 2019 in an otherwise weak market. The S&P BSE Sensex was down 1.2 per cent at 40,985 points at 10:24 am.

Massive deployment of security personnel remained in place on Monday at Jawaharlal Nehru University, with authorities only allowing students with valid ID cards inside the campus which had witnessed violence.

According to sources, security was deployed outside the hostels, administration block and other important locations.

Shares of oil & gas companies, tyre, paint, and aviation firms were under pressure on Monday as oil prices continued to surge after US President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.

At 09:40 am, Brent crude futures were trading 2.70 per cent higher at 70.45 USD/bbl while WTI Crude Oil (Nymex) were trading at 64.54 USD/bbl, up over 2 per cent.

Banking counters, including Punjab National Bank, Bank of Baroda, State Bank of India, and Canara Bank slipped over 4 per cent on the National Stock Exchange (NSE) in the early deals on Monday as heightened tensions between the United States and Iran pushed bond yields higher in India.

US President Donald Trump on Sunday vowed major retaliation if Iran tried to avenge the death of its key military commander Qasem Soleimani, who was killed by the US military on Friday.

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