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BusinessPhoto: Economic Times

ITAT Cancels Rs 25,000 Penalty on MCX Trader Narwani

The Income Tax Appellate Tribunal (ITAT) cancelled a Rs 25,000 penalty imposed on Mr. Narwani, a commodity trader from Malviya Nagar, for failing to maintain proper accounting records under Section 44AA. Narwani's MCX trading turnover was Rs 4.29 crore, but he declared only Rs 3.42 lakh income. After re-examination and broker verification, unreported income was reduced to Rs 29,016, leading to penalty cancellation.

Economic Times··Malviya Nagar

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PoliticsPhoto: Al Jazeera

Qatar, Turkey, Pakistan, and Indonesia Sign Defence Cooperation Pact

Qatar, Turkey, Pakistan, and Indonesia have signed a defence cooperation agreement to deepen their military ties. The pact, known as the Badr Accord, aims to bolster defence collaboration among the four countries. This development has drawn attention from India due to its potential regional security implications. The agreement was announced by Ankara and covered by multiple news outlets including Al Jazeera and Reuters.

Al Jazeera·

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BusinessPhoto: ET Now

Gold and Silver Prices and Investment Strategies Ahead of Diwali

Experts analyze the outlook for gold and silver prices ahead of Diwali, highlighting investment strategies amid fluctuating rates. Gold prices have surged, impacting jewellery sales during the festive season. Recent trends show gold prices falling by over ₹9,000 per 10 grams in a month, influenced by rupee appreciation and high crude oil prices. Prices vary across major cities like Chennai, Mumbai, Delhi, and Kolkata.

ET Now·

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Business

RBI Minutes Indicate Inflation, Weak Rupee May Prompt Rate Hikes

The Reserve Bank of India's recent minutes reveal that inflation and a weak rupee are keeping the possibility of further rate hikes open. The Monetary Policy Committee (MPC) noted widening inflationary pressures, with two members opposing a hawkish stance. RBI Governor Sanjay Malhotra stated future rate decisions will depend on growth and inflation trends.

Bloomberg.com·

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TechnologyPhoto: Engadget

Apple Music Unveils New Logo Inspired by Water Ripples

Apple Music has introduced a new logo designed to resemble ripples in water, reflecting its focus on sound and music. The rebranding emphasizes the company's commitment to music and artists, highlighting a human-crafted identity in an increasingly AI-driven world. This new visual identity aims to strengthen Apple Music's connection to its core values.

Engadget·

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SportsPhoto: Rediff

Anahat Singh Upsets Eight-Time Champion at Silicon Valley Open

Anahat Singh made a historic upset at the Silicon Valley Open by defeating eight-time World Champion Nour ElSherbini. Singh's victory marks a significant milestone as she advances to the second round of the tournament, continuing her impressive form following her success at the 2026 Asian Games.

Rediff·

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