BBMP cannot insist on upfront payment of 50% property tax before passing order under Section 144(15)(e) of BBMP Act, rules high court. Several notices demanding payment of arrears from Gopalan Enterprises stayed. Petitioner claims reassessment barred by limitation and questions absence of reasons. Argues principles of natural justice violated as BBMP did not grant minimum 30 days to respond.

Oil prices remained stable on Tuesday, near three-week highs, due to tensions in the Middle East and strong demand from China. Brent futures were slightly down while WTI crude fell slightly as traders prepared for the March contract to expire. Market analyst Tony Sycamore noted that trading was quiet due to the US holiday. Concerns over demand offset geopolitical tensions, with the Iran-aligned.

Aditya Birla Capital Ltd, part of the financial services segment, bounced back from its long-term moving average after hitting a 52-week high back in July 2023 and price action suggests that bulls are here to stay.Short-term traders with a high-risk profile, can look to buy the stock now or on dips for a possible target above the crucial resistance level of 200 in the next 1-2 months.

India's hot stock market has slowed down due to factors like missed earnings, attractive alternatives like China and foreign investors pulling out money. Some experts are taking profits but believe India's long-term potential is still strong. Despite high valuations, the country's fast economic growth, growing middle class and rise in manufacturing make it an attractive investment option.

ICICI Direct's currency report on EURINR Euro gained by 0.02% yesterday as hawkish comments from ECB official continued to support single currency. For today, EURUSD is likely to face the hurdle near 1.0790 level and slip further towards 1.0720 level amid strong dollar and pessimistic global market sentiments. Further, economic concerns would weigh on single currency.

Indian stock market: After a 5-day rise, stocks are struggling due to China's interest rate cut. Despite recent gains, quality stocks like HDFC Bank and SBI remain undervalued. Experts suggest adding these stocks to portfolios as they have good potential for growth in the long term. SBI is expected to perform well due to a strong balance sheet, while HDFC Bank may see an improvement in margins.

On February 19, Nifty reached new all-time highs as small cap stocks outperformed the main indices. MRPL was the top gainer, while several other companies also saw significant gains. The RMI scanner identified several shares with a "new buy" signal, including Aarti Drugs, Confidence Petroleum, FIEM Industries, and Gujarat Alkalies and Chemicals.

Capital One announced Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card companies in the United States. A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller, said Matt Schulz, chief credit analyst at LendingTree.

Asian shares were below recent highs despite a larger-than-expected interest rate cut in China. Chinese markets fell, but the yuan remained steady. Other Asian markets also slipped, and US Treasury yields rose. Investors are waiting for more support measures and economic data. The markets have scaled back predictions for US rate cuts based on strong economic indicators.

The stock market in India reached record levels on Monday, with domestic buying driving the surge. This comes amidst increasing institutional strength and attractiveness as an investment destination. Indian stocks have also gained weight in global indexes, while regulatory decisions like the Reserve Bank of India's firm stance on Paytm Payments Bank and the Supreme Court's verdict on electoral.

Equity markets closed higher for the fifth consecutive day on Monday. The 30-share BSE Sensex rose 281 points to settle at 72,708 and the broader Nifty closed at its all-time high of 22,122 points.Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.

Prague became the latest addition to the list of European cities facing the wrath of farmers over a spike in the cost of energy and a surge in cheap imports. Polymetal International plans to sell its Russian assets at a discounted price. The European Union probes Bytedance's TikTok. All this and more on this edition of World Street. Farm Blaze Hundreds of Czech farmers drove their tractors.

LTIMindtree Limited's stock rises by 1% to Rs 5,566 after launch of Navisource.AI, a autonomous sourcing platform aimed at reducing costs by 10-15%. Platform will simplify procurement processes and increase reliance on AI. Stock has decreased by 12% since beginning of year. Company reported 17% YoY rise in net profit but cautious for Q4 due to weak environment and delay in client decisions.

Shares of debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) rallied over 7% to the day's high of Rs 192 on Tuesday as the media house re-initiated talks for a merger with Sony Group after the $10 billion deal was cancelled last month.In a fresh dramatic twist, which is no less than an unending soap opera, Zee has re-engaged with Sony Group Corp in a last-ditch attempt to revive their merger.

Shares of Minda Corporation Limited traded higher by 5.4 percent to Rs 449 in morning trade on February 20 after Kotak Mutual Fund and Motilal Oswal Mutual Fund bought Rs 324.96 crore worth of equity stake in the company. This comes after investor Bella Agarwal offloaded her entire 1,08,50,700 shares or 4.53 percent stake in the company at an average price of Rs 403 valuing the deal.