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BusinessPhoto: Hindu Business

Income Tax Tribunal Grants ₹13,000 Crore Tax Relief to Maruti Suzuki

The Income Tax Appellate Tribunal (ITAT) has ruled largely in favor of Maruti Suzuki India, granting tax relief of approximately ₹13,000 crore covering eight financial years from FY2013-14 to FY2019-20 and FY2021-22. The company expects to reduce its contingent liability by about ₹6,300 crore, mainly through interest reduction. Maruti Suzuki will apply to the assessing officer to implement the order. The ruling has no major impact on the company’s financials or operations.

Hindu Business··Mumbai

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WorldPhoto: TOI World

Kansas Couple Builds 100,000-Gallon Tropical Lagoon with Waterfalls

Melissa and Mike Morris spent nearly a year creating a 100,000-gallon swimming lagoon in their Olathe, Kansas backyard. Inspired by Tahiti, their coastal paradise features granite rocks, six waterfalls, and tropical fish. Their unique project gained online attention, attracting requests for photo sessions and events, while they enjoy their private oasis as landscaping is completed.

TOI World··Olathe

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BusinessPhoto: Mint Companies

Canada Threatens to Force Cleveland-Cliffs Asset Sale

Canada's industry minister stated the government may compel Cleveland-Cliffs Inc. to sell its assets in the country. This move escalates tensions over job cuts at the company's steel operations in Ontario, highlighting the government's intervention in protecting local employment and industry interests.

Mint Companies··Ontario

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BusinessPhoto: Business Standard

Anthropic Reports $16.8 Billion Q3 Revenue Ahead of IPO

Anthropic PBC reported $16.8 billion in third-quarter revenue as it prepares for its initial public offering. The AI company, known for Claude, achieved adjusted profitability with an 85% gross margin and over 11% positive adjusted operating margin. Anthropic plans to start marketing its IPO the week of November 9, aiming to begin trading before the US Thanksgiving holiday, with a valuation estimated between $1.8 trillion and $2 trillion.

Business Standard··San Francisco

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PoliticsPhoto: The Hindu

Protester May Need Ear Surgery After Police Assault

A protester suffered a perforated right eardrum after being hit, kicked, and slapped by police. The assault allegedly occurred because he was recording video evidence of police violence against detainees. Medical reports indicate the severity of the injury may require surgical intervention to repair the damage to his ear.

The Hindu·

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WorldPhoto: News18

Mumbai CCTV Shows Girl Throwing Toddler from Sixth Floor

In Mumbai's Goregaon East, CCTV footage revealed a 10-year-old girl throwing an 18-month-old toddler off the sixth floor of a housing society. Initially thought to be an accident, police suspicion arose due to high safety railings. The footage showed the girl carrying the toddler to an open duct and dropping her. The incident shocked residents and authorities as investigations continue.

News18··Mumbai

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