Uber on Tuesday announced the sale of its food delivery business in India to Zomato in an all-stock deal.

Uber will get a 9.9 per cent stake in Zomato as part of the deal whose size has not been disclosed. The deal for Uber Eats, which operates in 41 cities, was signed at 3 am, and its customers will be shifted to the Zomato app from 7 am.

Several opposition leaders were either detained or placed under house arrest in Andhra Pradesh as protests rocked Amaravati and surrounding districts on Monday, ahead of a crucial Assembly session where the state government is likely to announce its final decision on three capitals proposal.

Tension prevailed as people took to streets to demand that Amaravati be continued as the only state capital.

Shares of Reliance Industries (RIL) slipped 2 per cent to Rs 1,546 on the BSE on Monday despite the company logging its highest-ever quarterly consolidated net profit of Rs 11,640 crore for the quarter ended December 31, 2019 (Q3FY20).

The stock has fallen 4 per cent from its early morning high of Rs 1,610 on profit-booking. During the past four months, RIL has outperformed the market by surging 32 per cent, as compared to a 15 per cent rise in the S&P BSE Sensex till Friday. It touched an all-time high of Rs 1,618 on December 20, 2019.

Malaysia will not take retaliatory trade action against India over its boycott of palm oil purchases amid a political row between the two countries, Prime Minister Mahathir Mohamad said on Monday.

India, the world's largest edible oil buyer, this month effectively halted imports from its largest supplier and the world's second-biggest producer in response to comments from Mahathir attacking India's domestic policies.

Adani Enterprises on Monday said that it has not done anything wrong in supply of the dry-fuel amid reports that the CBI registered a case against the company for alleged coal supply contract irregularities.

In its FIR filed last week after a detailed preliminary enquiry in the matter, the CBI booked Adani Enterprises Ltd, the then NCCF chairman Virender Singh, the then managing director G P Gupta and senior advisor SC Singhal under IPC sections related to alleged criminal conspiracy, cheating under Indian Penal Code and Provisions of Prevention of Corruption Act, officials said on Thursday.

Shares of private lender HDFC Bank declined 3.4 per cent from day's high to hit an intra-day low of Rs 1,258.75 on the BSE on Monday as investors turned cautious after it reported sharp spike in the provisions during the October-December quarter of the current fiscal (Q3FY20).

The bank's provisions, including those for bad loans and contingencies, grew a whopping 37.6 per cent to Rs 3,043.6 crore in Q3FY20, from Rs 2,211.5 crore reported in the year ago quarter. The increase in specific loan loss provisions jumped by 66.2 per cent to Rs 2,883.6 crore in the quarter from Rs 1,734.6 crore the previous year.

India has been ranked very low at 76th place out of 82 countries on a new Social Mobility Index compiled by the World Economic Forum, while Denmark has topped the charts.

The report, released ahead of the 50th Annual Meeting of the WEF, also lists India among the five countries that stand to gain the most from a better social mobility score that seeks to measure parameters necessary for creating societies where every person has the same opportunity to fulfil his potential in life irrespective of socioeconomic background.

More than 100 people were killed and dozens wounded in a missile and drone attack blamed on Huthi rebels in central Yemen, officials said Sunday.

Saturday's strike follows months of relative calm in the war between the Iran-backed Huthis and Yemen's internationally recognised government, which is supported by a Saudi-led military coalition.

China on Monday reported a mysterious SARS-like virus had spread across the country, including to Beijing, raising concerns as millions begin trips for the Lunar New Year.

A third person was confirmed to have died, authorities said, as nearly 140 cases were announced.

BJP leader J P Nadda is set to be elected as the new national president of the party as the election for the top post began in New Delhi on Monday.

Top party leaders, including Union ministers and chief ministers of BJP-ruled states, will file nomination papers in support of his candidature, sources said, adding that he is likely to be elected unopposed.

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