Business: The central government has imposed 30 percent duty on the import of yellow peas from November 1. However, consignments with bills of lading dated October 31 or before have been kept out of this, meaning there will be zero duty on their import. If the bill of lading is issued on or after November 1, 2025, import of yellow peas will attract 10 per cent standard rate and 20 per cent Agriculture Infrastructure and Development Cess (AIDC), the Revenue Department said in a notification. The government in May had allowed duty-free import of yellow peas till March, 2026.

Intraday settlement limit increased for brokers
Capital markets regulator SEBI has decided to extend the time for qualified stock brokers (QSBs) to put in place the necessary systems for implementation of optional T+0 (trading day) settlement. It was to be implemented from November 1. Guidelines will be issued later. In April, Sebi had extended the deadline for implementation of alternative T+0 rolling settlement till November 1. Earlier this deadline was May 1.

Grow IPO from November 4, price Rs 95-100
The IPO of BillionBrains Garage Ventures, the parent company of stock broking firm Grow, will open from November 4 to 7. Its price range has been fixed at Rs 95-100 per share. After listing the capital of the company will be Rs 61,700 crore. The IPO also includes an offer for sale of 55.72 crore equity shares by promoters and investor shareholders along with fresh equity shares worth Rs 1,060 crore.

Achin Gupta will become the new MD of Cipla
Pharma major Cipla has appointed its Chief Operating Officer Achin Gupta as the new MD-CEO. He will replace the current MD Umang Vohra from April 1 next year. Vohra will hold the post till March 31, 2026. Cipla has made a profit of Rs 1,353 crore in the second quarter. This is 3.7 percent more than the same quarter a year ago.

UPI can be used in Malaysia also
Indians traveling to Malaysia will also be able to use UPI. Razorpay said, this has been launched as an important step towards taking India’s digital payments innovation to the global level. Razorpay’s Malaysian subsidiary Curlec and NPCI International Payments Ltd. There has been a partnership between. More than 10 lakh Indians to visit Malaysia in 2024.

DP World will invest Rs 44,000 crore
Logistics operator DP World will invest an additional $5 billion (Rs 44,000 crore) to strengthen its integrated supply chain network in India. This will boost both exports and domestic trade. This is in addition to the $3 billion it has invested in India over the last three decades, the company said. These investments will strengthen the country’s infrastructure and promote multimodal connectivity.

SBI guilty of deficiency in service, bank should compensate customer Rs 1.7 lakh: Consumer Commission
Delhi State Consumer Disputes Redressal Commission has held State Bank of India (SBI) guilty of negligence in service and ordered it to pay compensation of Rs 1.7 lakh to the customer. The Commission said that the bank rejected the customer’s EMI despite having sufficient funds in the account and also charged bounce charges on it, which is unfair. This case is related to Chhaya Sharma, resident of Karawal Nagar, Delhi. He had complained that he had taken a car loan of Rs 2.6 lakh from the bank, whose 48 monthly installments were around Rs 7,000 per month. He alleged that despite sufficient funds in the account, SBI Karawal Nagar branch rejected 11 of his EMIs and imposed a bounce charge of Rs 4,400. The District Consumer Forum had earlier rejected his complaint, after which he filed an appeal with the State Commission. During the hearing, the Commission found that SBI could not prove that there was shortage of funds in the customer’s account. The Commission said that the bank should not say two contradictory things at the same time. When the remaining EMI has been paid under this ECS mandate, it is not logical to reject some installments.