Fentanyl sanctions, tax deadline extension, Virat Kohli remains India’s most valuable celebrity, and more

US Treasury sanctions two Indian nationals and online pharmacy for fentanyl trafficking

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two Indian nationals and an India-based online pharmacy for their roles in distributing counterfeit prescription pills laced with fentanyl and other synthetic drugs across the United States.

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Another Wall Street stock jumps 100% in a day on news of Trump administration seeking stake

Shares of Lithium

Americas, a Vancouver, Canada-based mining company, with a $1.5 billion market capitalisation, surged over 100% on Wednesday, September 24, marking yet another instance of a stock on Wall Street seeing outsized gains in a single session. The stock had surged 67% in extended trading on Tuesday.

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Dow Jones, other US benchmarks fall for second day in a row; Selling continues in Nvidia, Oracle

Benchmark indices on Wall Street fell for the second day in a row on Wednesday, September 24, as investors continued booking profits in recent outperformers ahead of important macro data to be reported over the next two sessions.

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SBI returns to being Citi's preferred PSU banking pick with stock near 52-week high

Global brokerage firm Citi has reinstated its 'Buy' rating on State Bank of India (SBI), India's largest lender, with a price target of ₹1,050 per share. For financial years 2026 and 2027, Citi estimates loan growth of 13-14% year-on-year.

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After Rajasthan, Karnataka HC directs CBDT to extend income tax audit deadline to October 31

The Karnataka High Court has directed the Central Board of Direct Taxes (CBDT) to extend the deadline for filing Tax Audit Reports (TARs) under Section 44AB of the Income Tax Act, 1961 to October 31. The order followed a writ petition filed by the Karnataka State Chartered Accountants Association (KSCAA) seeking additional time for filing tax audits.

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iValue Infosolutions shares list at 5% discount to IPO price

Shares of Ivalue Infosolutions listed at a discount of nearly 5% on Thursday, September 25. The stock debuted at ₹284.95 on NSE and ₹285 on BSE, compared with the issue price of ₹299. The issue received bids for 2.38 crore shares against 1.31 crore on offer, getting subscribed 1.82 times overall.

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Zoho CEO Exclusive: Swadeshi push validates our 20-year bet; H1B curbs a net positive for India

Zoho’s new CEO Mani Vembu has welcomed Union IT Minister Ashwini Vaishnaw’s public endorsement of Zoho’s Work Suite, saying it underscores the potential of India’s SaaS ecosystem to stand on its own against global giants. At the same time, he played down concerns over H1B visa restrictions, stressing that Zoho’s "transnational local" model insulates it from policy shocks while creating opportunities for India’s homegrown talent.

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Copper holds highs as market eyes freeport mine supply upset

Copper remained near the highest in more than a year after Freeport-McMoRan Inc. declared force majeure on contracted supplies from its giant mine in Indonesia. Futures edged lower after surging as much as 3.9% on Wednesday, after Freeport cut its copper and gold sales guidance for the quarter as it searches for five missing workers following an accident at its site in eastern Indonesia.

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Virat Kohli retains crown as India’s most valuable celebrity brand at $231 million: Kroll

Cricketer Virat Kohli continues to reign as the country's most valuable celebrity brand, valued at a staggering $231.1 million. According to Kroll’s Celebrity Brand Valuation Report 2024, the combined brand value of India’s top 25 celebrities has hit the $2 billion mark, up 8.6% from last year.

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DRDO conducts first rail-based test of Agni-Prime ballistic missile

India successfully conducted the first rail-based test of the intermediate-range ballistic missile Agni-Prime on September 24, 2025, the Defence Research and Development Organisation (DRDO) announced.

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Mumbai Coastal Road shut after car catches fire inside southbound tunnel

A fire broke out in a car inside the southbound tunnel of the Mumbai Coastal Road around 9:30 am on Thursday (September 25). The Coastal Road has been shut. The fire led to massive traffic jams at all the interchangers of the coastal road.

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