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BusinessPhoto: TOI WorldEdwin Brant Frost IV, a businessman from Georgia, was sentenced to 15 years in prison for running a Ponzi scheme that defrauded over 300 investors of $76 million. Frost posed as a trustworthy lender but was facing financial troubles. He used the investors' funds for a lavish lifestyle and political donations, failing to repay loans.
TOI World··Georgia
SportsPhoto: Amar SportsThe Indian men's hockey team started strongly in the Asian Champions Trophy, defeating Bangladesh decisively. Goals came from Shilanand Lakra (15th minute), Abhishek (18th), Neelkanth Sharma (26th), Jugraj Singh (46th), and a hat-trick by Mandeep. The match at Surjit Singh Hockey Stadium saw India control play from the start, with captain Harmanpreet scoring early and assisting multiple goals. A stray dog briefly delayed the game before India continued their attack.
Amar Sports·
PoliticsPhoto: Amar UjalaThe Kerala Pradesh Congress Committee (KPCC) issued an unconditional apology after a controversial social media post from its official X account demanded the resignation of India's Chief Justice Suryakant. KPCC President Sunny Joseph clarified the post was made without party leadership approval. The responsible official, Vijay Thottathil, was removed from his position and asked to apologize publicly. The party distanced itself from the statement and retracted the post.
Amar Ujala·
PoliticsPhoto: News18 WorldIsrael's 2026 election is a critical test for Prime Minister Benjamin Netanyahu, with record voter turnout following the October 7, 2023 Hamas attack. Opposition led by former military chief Gadi Eisenkot challenges Netanyahu's long rule. Increased Arab voter participation may influence coalition outcomes, impacting Israel's political future, regional security, and the far-right's role.
News18 World·
BusinessPhoto: MintFrom November 1, India will implement changes to GST rules affecting post-sale discounts, export refunds, and tax procedures. The Finance Ministry notified that Sections 153 to 155 of the Finance Act, 2026, will amend Sections 15, 34, and 54 of the CGST Act, 2017. Businesses can exclude eligible post-supply discounts from taxable value via GST credit notes if recipients reverse the input tax credit. This removes the prior need for discount agreements at supply time, benefiting sectors like FMCG, pharmaceuticals, retail, and consumer durables.
Mint·
BusinessPhoto: Mint CompaniesAkshit Choudhary, a chartered accountant with over 15 years of experience in banking, financial services, auditing, treasury, and business operations, has been named the new CFO of Indian Overseas Bank. He will assume the role from Madhaw Chandra Jha starting November 1, 2026.
Mint Companies·
TOI World··Georgia
Photo: TOI WorldEdwin Brant Frost IV, a businessman from Georgia, was sentenced to 15 years in prison for running a Ponzi scheme that defrauded over 300 investors of $76 million. Frost posed as a trustworthy lender but was facing financial troubles. He used the investors' funds for a lavish lifestyle and political donations, failing to repay loans.
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