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US court rules Lisa Cook can remain a Fed governor for now while fighting Trump’s attempt to fire her

WASHINGTON, September 10, 2025 (AP) — A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her. The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed, which sets short-term interest rates to achieve its congressionally mandated goals of stable prices and maximum employment. Congress has also sought to insulate the Fed from day-to-day politics. U.S. District Judge Jia Cobb late Tuesday granted Cook’s request for a preliminary injunction

Rupee rises 5 paise to 88.10 against US dollar in early trade

Mumbai, Sep 10 (PTI) The rupee rose 5 paise to 88.10 against the US dollar in early trade on Wednesday, aided by FII inflows and a weaker greenback against foreign currencies. However, a moderate rise in global crude oil prices prevented sharper gains in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 88.11 against the US dollar before inching up to 88.10, higher by 5 paise from its previous close. The rupee had pared initial gains and dropped 6 paise to revisit its record low of 88.15 against the US dollar on Tuesday.

Sensex, Nifty jump in early trade amid hopes of successful conclusion in India-US trade talks

Mumbai, Sep 10 (PTI) Equity benchmark indices Sensex and Nifty jumped in early trade on Wednesday, after the US President Donald Trump said he feels “certain” that there will be “no difficulty” on a “successful conclusion” of trade talks with India. A rally in IT stocks also instilled optimism in the markets. The 30-share BSE Sensex jumped 442.59 points to 81,543.91 in early trade. The 50-share NSE Nifty rallied 124.2 points to 24,992.80. From the Sensex firms, HCL Tech, Tata Consultancy Services, Tech Mahindra, Larsen & Toubro, Infosys and Kotak Mahindra Bank were among the major gainers. However, Mahindra &

Confident of being Indian, Hindu Bengalis of Assam did not apply for citizenship under CAA: Assam CM Himanta

Guwahati, Sep 10 (PTI) Assam Chief Minister Himanta Biswa Sarma on Tuesday claimed that the Hindu Bengalis in the state have not applied for citizenship under the CAA as they are confident that they are Indian citizens. ”There is no reason to suspect Hindu Bengalis as foreigners, as they have come before 1971. The CAA has no relevance in Assam,” the chief minister said at a press conference here. Former Prime Minister Indira Gandhi had brought them in 1971, and she had not said that they would be returned, he said. The Hindu Bengalis are ”confident that they are Indians.

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