The Income Tax Appellate Tribunal (ITAT) in Delhi has quashed a six-year-old tax case against a Delhi resident involving a ₹8.68 lakh cash deposit. The tribunal ruled that tax officials exceeded their jurisdiction by treating the deposit as undisclosed business income without proper approval. Declaring the proceedings invalid, ITAT set aside all related assessments and tax demands.

Foreign institutional investors (FIIs) raised their stakes in nearly all public sector banks during the September quarter, ET reported, citing quarterly shareholding data. Bank of Baroda's FII holding jumped from 8.08% to 8.71%, while Canara Bank's increased to 11.89%. Bank of India recorded one of the sharpest rises, with foreign ownership climbing from 3.53% to 4.24%.

Dell CEO Michael Dell has supported a $1 trillion pay package for Tesla CEO Elon Musk ahead of a shareholder vote on the issue. "Vote for Elon Musk. The award is only achieved if he hits exceptionally ambitious market-cap and operational milestones. If he falls short, he gets nothing," Dell said. "If he succeeds, shareholders will win big," he added.

The Union Ministry of Environment, Forest, and Climate Change has granted environmental clearance to India's largest greenfield steel plant in Andhra Pradesh's Anakapalli. ArcelorMittal Nippon Steel’s (AM/NS) 8.2 million tonnes/annum (MTPA) steel plant will be developed with an investment of ₹1.5 lakh crore. It is expected to generate lakhs of jobs and significantly boost local manufacturing.

Union Minister Mansukh Mandaviya rolled out the Employee Enrolment Scheme 2025 on Saturday. The scheme provides a six-month window for employers to voluntarily enrol eligible employees who were left out of Employees' Provident Fund coverage between July 1, 2017 and October 31, 2025. For such employees, the employee's share has been waived for the declared period, if not deducted earlier.

A Bengaluru resident claimed on Reddit that a cab driver used a fake app called "TownRide" to demand high fares. The man booked the cab from Bengaluru airport to Jakkur for ₹598, but at the end of the ride, the driver's phone showed a total of ₹758. The app mimicked Rapido’s interface but let users manually change fares, he said.

The week starting November 3 will feature five IPOs. In the mainboard category, Groww's ₹6,632-crore IPO will open with a ₹95-100 price band, while Pine Labs' IPO will have a fresh issue worth ₹2,080 crore and an offer-for-sale of 82.35 million shares. The SME category will see IPOs by Shreeji Global FMCG, Finbud Financial Services and Curis Lifesciences.

NVIDIA CEO Jensen Huang has concluded a pre-planned sale of company shares worth over $1 billion, Bloomberg reported. The plan to sell up to six million shares by the end of 2025 finished with a final sale of 25,000 shares on Friday. NVIDIA shares have jumped around 46% this year, taking the firm's market value to $5 trillion on Wednesday.

Russia has emerged as India's biggest sunflower oil supplier, overtaking Ukraine. According to a report, Russian sunflower oil accounted for around 10% of imports in 2021, and it rose to 56% in 2024, as India imported 2.09 million tonnes of sunflower oil from Russia the same year. Before the Russia-Ukraine war, Ukraine was the biggest supplier of this oil.

The Post Office National Savings Certificate (NSC) offers 7.7% compounded interest, turning a ₹10 lakh investment into ₹14.48 lakh in five years. Backed by the government, it's ideal for risk-free investors seeking better returns than bank deposits, with added tax benefits under Section 80C of the Income Tax Act.