The Centre took significant steps on October 31 by eliminating the Rs 2.5 per litre duty on petrol exports. In contrast, the excise duties for high-speed diesel and aviation turbine fuel were ramped up; diesel duties increased from Rs 8.5 to Rs 11.5 per litre, and ATF duties from Rs 10.5 to Rs 11.

‘Binance will absorb impact, not users’: Crypto giant sets aside $6.34 bn to cover losses
https://timesofindia.indiatimes.com/business/international-business/binance-will-absorb-the-impact-not-users-crypto-exchange-sets-aside-6-34-billion-to-cover-hack-losses/articleshow/135398082.cms

Binance has encountered a serious security breach, with $6.3 billion in digital assets being stolen. To safeguard its users, the exchange will utilize its Secure Asset Fund for Users to absorb the losses. Collaborating with law enforcement, approximately $3 billion in stolen cryptocurrency has been successfully frozen across multiple blockchains.

Swipe, shop, repeat: Online buyers splash out 7.5% more than offline shoppers
https://timesofindia.indiatimes.com/business/india-business/swipe-shop-repeat-online-buyers-splash-out-7-5-more-than-offline-shoppers/articleshow/135399367.cms

Research indicates that households in India utilizing online shopping platforms incur a monthly expenditure that is 7.5 percent higher than those who do not shop online. Notably, the rise in spending for services and durable goods is strikingly high at 23.4 and 24.5 percent. Despite this, the majority of online purchases focus on groceries, with fresh food sales lagging due to entrenched traditional habits.

Tata Sons row: ‘Sebi monitoring all developments,’ says chairman Tuhin Kanta Pandey
https://timesofindia.indiatimes.com/business/india-business/tata-sons-row-sebi-monitoring-all-developments-says-chairman-tuhin-kanta-pandey/articleshow/135400204.cms

Currently, SEBI is taking charge of governance issues within Tata Sons, the umbrella organization for Tata Group. While Tata Sons is not publicly traded, its subsidiary companies are required to follow SEBI regulations. The regulatory authority has confirmed its vigilant oversight of governance-related events within the group. Additionally, seven listed Tata Group firms have a stake in Tata Sons, and Tata Trusts holds the majority with approximately 66 percent shares.

GST Rules To Ease: Council clears simpler registration and faster refunds; small online sellers gain
https://timesofindia.indiatimes.com/business/india-business/gst-changes-from-november-1-easier-registration-for-online-sellers-faster-refunds-and-simpler-discount-rules/articleshow/135405322.cms

Starting November 1, new Goods and Services Tax procedures will offer a streamlined experience for businesses. Small online sellers can enjoy simplified registration and access to e-commerce operators' warehouses. The GST portal's enhanced user-friendliness will minimize registration errors. Automated refunds will speed up processing, reducing manual oversight. Additionally, businesses will have more freedom to manage post-supply discounts without rigid stipulations.

Indigenous bullet train B28 undergoes 'squeeze test'
https://timesofindia.indiatimes.com/business/india-business/indigenous-bullet-train-b28-undergoes-squeeze-test/articleshow/135410840.cms

AAIB for better coordination between civil, defence aviation authorities
https://timesofindia.indiatimes.com/business/india-business/aaib-for-better-coordination-between-civil-defence-aviation-authorities/articleshow/135411293.cms

Windfall gains tax on diesel, ATF exports up; petrol cut to nil
https://timesofindia.indiatimes.com/business/india-business/windfall-gains-tax-on-diesel-atf-exports-up-petrol-cut-to-nil/articleshow/135411492.cms

Apple reclaims world's most valuable company title as Nvidia slips amid AI investment concerns
https://timesofindia.indiatimes.com/business/international-business/apple-reclaims-worlds-most-valuable-company-title-as-nvidia-slips-amid-ai-investment-concerns/articleshow/135416397.cms