Fed’s Lisa Cook stays, Trump eyes ending quarterly reports, ITR deadline extended, and more

Heavy bombing in Gaza City after Marco Rubio visits Jerusalem

Israel intensifies attacks on Gaza after US Secretary of State Marco Rubio promised "unwavering support". The increased attacks continued despite mounting global pressure to stop the ongoing rampage. "Bombing is still ongoing heavily across Gaza City, and the number of deaths and injuries continues to rise," Mahmud Bassal, spokesperson for Gaza's civil defence, told AFP.

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Trump says US should do away with quarterly earnings reports

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

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Nepal unrest shows ‘South Asian Spring’ in action

Nepal’s turmoil last week mirrors Bangladesh’s youth-led revolt last year that forced then-Prime Minister Sheikh Hasina to resign and flee the country, and Sri Lanka’s 2022 uprising that drove then-President Gotabaya Rajapaksa into exile. Analysts say the series of political unrest for strengthened democracy resembles a "South Asian Spring" in action.

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Donald Trump cannot remove Federal Reserve governor Lisa Cook, says US appeals court

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates.

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Why CBDT moved ITR due date from September 15 to 16

The government has extended the deadline for filing Income Tax Returns (ITRs) for assessment year 2025-26 by one day, moving it from September 15 to September 16. The decision came after technical glitches on the last date disrupted filings on the e-filing portal.

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Asian Paints investors turning bullish on easing competition but CLSA says that is not the case

Shares of India's largest paints company Asian Paints Ltd. have recovered over 15% from their recent 52-week lows, as investors bet on the fact that the heightened competitive intensity in the paints sector is now easing. However, brokerage firm CLSA says that it is not the case.

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RedTape shares in focus after Income Tax raids, firm says operations normal

Shoes and apparel manufacturer RedTape Ltd. informed the exchanges on Tuesday, September 16, that the Income Tax Department conducted search proceedings at some of its locations between September 11 and September 16, 2025.The company said it has fully cooperated with the tax officials during the proceedings.

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Rupee rises 12 paise to 88.04 against US dollar in early trade

The rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday (September 16) as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday (September 16).

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Urban Company IPO listing tomorrow: Stock likely to debut at 50% premium

Shares of Urban Company are set to debut on the BSE and NSE at 10 am tomorrow, with analysts expecting a stellar listing at a premium of 40-50% to the issue price. Strong investor demand and favourable market sentiment are driving optimism around the stock.

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Massive cloudburst in Dehradun leads to landslides and heavy rains

Two people are reportedly missing so far after a massive cloudburst occurred on the outskirts of Uttarakhand’s Dehradun on Tuesday (September 16), causing landslides and heavy downpour in the Sahastradhara area.

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Google Gemini’s Nano Banana AI saree trend stuns users, sparks safety warnings

The viral craze around Google Gemini’s Nano Banana AI has gripped social media, with users experimenting to see their photos reimagined in hyper-realistic styles such as vintage saree portraits. But while the edits are generating millions of views across Instagram and X, the same trend has also raised alarms over privacy and data security.

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