Fri, Jul 5, 2024 2:41 PM
Tesla’s boss Elon Musk is biggest billionaire loser in 2024
A Flip by Shubhangi Gupta
The Income Tax department is compromising cyber hygiene by allowing e-filing intermediaries to access taxpayers' login IDs, passwords, and one-time passwords (OTPs) to file income tax returns (ITRs) on their behalf, putting sensitive financial information at risk. This practice contradicts the golden rule of not sharing such sensitive information, potentially exposing taxpayers to financial fraud.
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AU Small Finance Bank's shares fell 4.25% after reporting a 0.4% decline in total deposits to Rs 97,290 cr in Q1 FY25, despite a 1.8% increase in CASA deposits to Rs 32,034 cr. The bank's cost of funds decreased by 7 basis points to 7.03%, while gross advances rose 5% to Rs 90,700 crore. The bank also plans to raise Rs 11k cr through a private placement, QIP, or preferential allocation.
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Indian FM Nirmala Sitharaman is set to unveil the Union Budget 2024, expected to extend interim budget presented in Feb. Market sentiment has turned bullish, driven by foreign inflows. Top stocks to watch ahead of budget include 📌Borosil, 📌SJVN,📌GMRInfra, 📌HAL,📌Railtel,📌BHEL📌HUDCO & 📌PFC, with price targets and stop-loss levels ranging from 580 to 325 and 518 to 297, respectively.
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