New ITR-U Form Now Out
Your daily dose of business news
🗞️ ICICI Prudential Bluechip Fund delivers 11x returns
A ₹1 lakh lump sum investment in the ICICI Prudential Bluechip Fund has grown to ₹11 lakh in 20 years. SIPs of ₹11,000/month over the same period turned into ₹1 crore, proving the long-term potential of blue-chip investing.
💬 Expert Take: “This fund’s consistent alpha generation reflects strong stock selection and discipline,” said Rupesh Bhansali, Director at GEPL Capital.
🗞️ FM calls for pro-growth regulations
Finance Minister Nirmala Sitharaman emphasized the need to balance regulation with a pro-growth mindset. She highlighted the importance of maintaining a predictable policy environment to support innovation and industry-led growth.
🗞️ CCI okays Temasek’s stake in Haldiram
The Competition Commission of India has cleared Temasek’s proposal to acquire a minority stake in Haldiram Snacks. The deal underscores strong global appetite for Indian consumer brands.
🗞️ PHDCCI expects rate cut, upbeat on FY26 GDP
Industry body PHDCCI is optimistic about a near-term rate cut by the RBI and expects GDP growth to exceed 6.5% in FY26, supported by rural demand and public capex.
🗞️ Govt extends electrical QCO deadline to March 2026
The government has extended the Quality Control Order (QCO) deadline for several electrical items to March 2026, giving manufacturers more time to comply with new safety and certification norms.
🗞️ New ITR-U form notified for updated returns
The Income Tax Department has rolled out a new ITR-U form, enabling taxpayers to voluntarily file updated returns with applicable penalties. This move aims to enhance tax compliance.
🗞️ SEBI warns Mauritius funds on Adani shareholding
SEBI has issued warnings to two Mauritius-based funds for failing to disclose their shareholding in the Adani Group, reinforcing its commitment to transparency in foreign fund disclosures.
🗞️ Rupee slips 21 paise to ₹85.63/$
The Indian rupee closed at 85.63 against the US dollar, down 21 paise due to strong greenback demand and global uncertainty.
📊 Market Updates
📈 Sensex: 81,615.49 ▲ +0.35%
📈 Nifty 50: 24,722.95 ▲ +0.28%
💵 USD/INR: ₹85.63 ▼ -0.24%
🛢️ Brent Crude: $83.12 ▼ -0.15%
🪙 Bitcoin: $63,105 ▲ +1.10%
🪙 Gold (MCX): ₹93,930 per 10g ▲ +₹320