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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.
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.
Apple has reclaimed the position of the world's most valuable company, surpassing Nvidia amid rising concerns. Both companies have seen their stock prices decline, with Apple falling 1.2 percent and Nvidia 4.2 percent. Significant investments in artificial intelligence by major firms have raised questions regarding long-term sustainability. Apple's limited capital expenditure on AI compared to rivals has attracted investor interest and boosted free cash flow projections.
Binance has announced a phased resumption of cryptocurrency withdrawals following a significant heist of $6.3 billion. The exchange reported it has recovered 95% of the stolen digital assets, enabling this process. The remaining 5% consists of less liquid tokens, which may require additional time to source. The FBI is investigating the cyberattack, linking it to a North Korean hacking group named TraderTraitor.