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.

Amid mounting tension in West Asia following the US strike that killed a top Iranian general in Iraq, Tehran on Sunday announced that it was abandoning its limits under the 2015 nuclear deal which is to restrict its nuclear activities.

By taking the fifth step in reducing its obligations, Iran is abandoning the last key practical limitation under the Joint Comprehensive Plan of Action, which is dealing with the number of centrifuges, the Iranian government said in a statement.

Shares of Titan Company climbed 3 per cent to Rs 1,170 on the BSE on Monday in early morning deals after the company’s jewelry sales for the December quarter (Q3FY20) came in line with guidance, while others segment disappointed. In comparison, the S&P BSE Sensex was down 1 per cent.

In the past eight trading days, the stock had underperformed the market by falling 6 per cent, as compared to a marginal 0.5 per cent decline in the benchmark index till Friday.

Iran warned of severe revenge and said arch-enemy the United States bore responsiblity for the consequences after killing one of its top commanders, Qasem Soleimani, in a strike Friday outside Baghdad airport.

The Islamic Revolutionary Guard Corps confirmed the commander of its Quds Force foreign operations arm had been killed by US forces in Baghdad, with Foreign Minister Mohammad Javad Zarif denouncing it as a dangerous escalation.

A Thane resident lost a little over Rs 1 lakh in an online fraud involving popular payment gateways, police said on Saturday. The complainant, a resident of Patlipada, wanted to sell his furniture and posted an ad on Facebook on December 21, an official said.

On December 24, he received a call from one Rajendra Sharma who offered to buy the furniture and wanted to transfer the amount through payment gateways — Paytm and Google Pay, he said.

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