UPS Financial News

Income Tax (I-T) Department has introduced on-screen functionality on the compliance portal of its e-filing website to address "mismatch" in information from third parties compared to taxpayers' I-T Returns (ITR), it said on February 26. The I-T Department said it has identified discrepancies in the information received from third parties regarding interest and dividend income when compared to taxpayers' ITR. Notably, some taxpayers have not filed their ITR, it added.

tobacco sales for future generations, the government said, even while researchers and campaigners warned of the risk that people could die as a result. Set to take effect from July, the toughest anti-tobacco rules in the world would have banned sales to those born after Jan.

Investing.com-- Japanese consumer inflation fell slightly less than expected in January, although core inflation remained near a two-year low as consumer spending slowed amid pressure from weakening economic conditions. 

Umang Dairies Ltd.(up 9.55%), Future Consumer Ltd.(up 5.56%), Prataap Snacks Ltd.(up 3.62%), Bajaj Consumer Care Ltd.(up 2.75%), Euro India Fresh Foods Ltd.(up 1.54%), Dabur India Ltd.(up 1.42%), Heritage Foods Ltd.(up 1.27%), Colgate-Palmolive(India)Ltd.(up 1.26%), Parag Milk Foods Ltd.(up 1.22%) and Godrej Consumer Products Ltd.(up 1.14%) were among the top gainers.

Bharat Forge Ltd. gained 1.13 per cent to Rs 1189.3 in Tuesday's trade as of 10:40AM (IST). The stock hit a high price of Rs 1194.95 and low of Rs 1170.05 during the session.

Bharat Electronics Ltd. traded at Rs 206.95 on BSE at 10:35AM (IST) on Tuesday, up 1.39 per cent from previous close. The scrip quoted a 52-week low price of Rs 89.68 and a high of Rs 208.95.

Siemens Ltd. traded 1.27 per cent up at Rs 4622.45 at 10:46AM (IST) on Tuesday, even as BSE benchmark Sensex gained 55.66 points to 72845.79. The stock had settled at Rs 4564.4 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4645.0 and Rs 3120.15, respectively.

Lexus Granito(India)Ltd.(up 2.32%), Sandur Manganese & Iron Ores Ltd.(up 2.15%), Madhav Marbles & Granites Ltd.(up 1.24%), The Orissa Minerals Development Company Ltd.(up 1.24%), MOIL Ltd.(up 0.91%) and Gujarat Mineral Development Corporation Ltd.(up 0.87%) were among the top gainers.

Benchmark NSE Nifty index fell 9.9 points to 22112.15 amid selling in frontline bluechip stocks.

Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says from the bottom that we saw, what is driving the Paytm stock up is incremental news flow confirming that all the problems are restricted to Paytm Payments Bank Ltd (PPBL) and One 97 Communications will continue its UPI payments which is anyway 70% of the payment volumes. As long as that gets resolved and remains unimpacted, there is a significant upside from here. What is it that you make of this last salvo by Vijay Shekhar Sharma stepping down? Pranav Gundlapalle: I think it is again an attempt to distance the 197 entity from the PPBL entity. So in the spirit of maybe being late is better than never, there is an attempt to set that up as an independent entity with limited linkages to One 197 Communications. I think that is the objective.

Zuari Agro Chemicals Ltd.(up 4.51%), Madras Fertilizers Ltd.(up 2.92%), Bohra Industries Ltd.(up 1.99%), Southern Petrochemicals Industries Corporation Ltd.(up 1.31%), Rama Phosphates Ltd.(up 0.75%), Chambal Fertilisers & Chemicals Ltd.(up 0.66%), Agro Phos India Ltd.(up 0.63%), Rashtriya Chemicals & Fertilizers Ltd.(up 0.59%), National Fertilizers Ltd.(up 0.45%) and Krishana Phoschem Ltd.(up 0.32%) were among the top gainers.

Indian Hotels Company Ltd. traded 1.73 per cent up at Rs 589.75 at around 10:30AM (IST) on Tuesday. The stock had closed at Rs 579.7 in the previous session. Equity benchmark Sensex traded 45.61 points lower at 72744.52 around the same time.

Vijay Shekhar Sharma's resignation as part-time non-executive chairman and board member at Paytm Payments Bank, Paytm shares today rallied 5% in the morning only to give up all the gains quickly in volatile trading as investors try to understand whether the restructuring of the board will help placate an angry RBI. After two days of 5% upper circuits, the stock was trading just 1% higher in early trade.

The Pepe (PEPE) price pumped up 30% on Monday, with investors flooding back into the meme coin amid a surge in risk-taking activity across cryptocurrency markets as Bitcoin (BTC) retook $54,000 for the first time since early December 2021.

₹449.30 apiece on the BSE. One97 Communications, the parent company of Paytm said it has withdrawn its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma has stepped down as Part-Time non-executive Chairman and Board member to enable the reconstitution of the board.

Cost of Living LIVE Updates February 27: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Mint, Sunil Bharti Mittal, chairman of the conglomerate, said the enterprise segment of Airtel could potentially value at $10 billion and disclosed plans to align Bharti's stake in Airtel with that of SingTel in the future. Amid these strategic shifts, Mittal acknowledged the competitive pressure from Elon Musk's Starlink in the satellite broadband space, advocating for the immediate allocation of satellite spectrum ahead of the new telecom law's enactment. He also touched on various facets of Bharti Group's operations, including partnerships with OTT platforms, the potential listing of its payments bank, and the dynamics of competition and collaboration within the telecom sector.

GPT Healthcare IPO allotment: After receiving a decent response from investors during the bidding period from February 22 to February 26, attention now turns to the allotment of GPT Healthcare. The allotment for the GPT Healthcare IPO is likely to be finalised today. Investors can check their allotment status on the registrar, Link Intime India Private Limited and the BSE website.

Check out all the LIVE updates on Rajya Sabha Elections 2024 here, Rajya Sabha Election 2024 LIVE: Former Himachal Pradesh Chief Minister and BJP leader Jairam Thakur said he expects party candidate Harsh Mahajan to win in the Rajya Sabha elections underway in the state. "Our candidate for Rajya Sabha elections is Harsh Mahajan. I want all MLAs to vote and we expect our candidate to win.

multibagger superstars of last year are still holding their heads high and giving some of their largecap peers a run for money. Atleast seven smallcap stocks, which have seen a multifold rise in the value in 2023, extended gains further in 2024 and gave over 100% returns in just two months!

Indian Bank with a target price of Rs 600. The current market price of Indian Bank is Rs 525.0. Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 70452.95 Crore).