Finance -

Kevin Warsh comes into the Fed facing a big ‘family fight’ over cutting interest rates

TazaPulseMay 16, 2026

Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images If new Federal Reserve Chair Kevin Warsh is still itching for a “good family fight” over monetary policy, he is...

Nirmal Narvekar, Harvard’s $57 billion Indian-American money manager, bows out

TazaPulseMay 16, 2026

Photo credit: Harvard Alumni TOI correspondent from Washington: Nirmal Narvekar, the Indian-American financier who spent nearly a decade reshaping the investment machinery behind Harvard University’s colossal $57 billion endowment, is preparing to retire, closing one of the most consequential – and controversial – chapters in modern university finance.Known on Wall Street and in Ivy League...

Financial systems must remain connected to real economy, PM’s principal secretary PK Mishra cautions against speculation

TazaPulseMay 16, 2026

Principal secretary to Prime minister Narendra Modi, PK Mishra, on Saturday cautioned that financial systems should remain connected to the real economy and everyday lives of citizens, warning against risks arising from excessive speculation and instability in markets, ANI reported.Addressing the 20th convocation ceremony of the National Institute of Bank Management (NIBM) in Pune, Mishra...

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Trump’s meeting with China’s Xi steers the U.S. away from Taiwan again

TazaPulseMay 16, 2026

BEIJING — U.S. President Donald Trump has kept up an uneasy silence about Taiwan following his meeting with Chinese leader Xi Jinping this week, despite the U.S.’ announcement in December of a record $11 billion in arms sales to the island against Beijing’s wishes. Trump had said the Taiwan arms sales would be on the...

Brace for price rise after fuel hike; inflation may increase 10-25 bps, RBI likely to reassess projections for yr

TazaPulseMay 16, 2026

NEW DELHI: The increase in retail prices of petrol and diesel is expected to drive headline inflation print by 10-25 basis points (bps) in the coming months, with analysts cautioning that cascading impact of higher fuel costs could force RBI to reassess its inflation projections for the year.Several companies, which were holding on to price...

Oil drives April exports to highest in 4 years; imports up 10%, trade deficit at 3-month high

TazaPulseMay 16, 2026

NEW DELHI: Higher petroleum prices propelled India’s exports to $43.6 billion, the highest monthly level in over four years, showing a 13.8% growth, which is fastest in five months. Imports rose at a more moderate pace of 9.9% to $71.9 billion, resulting in a trade deficit of 28.3 billion, a three-month high.Oil product exports jumped...

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Wholesale prices are up — your bills could be next, Crisil warns

TazaPulseMay 16, 2026

Indian consumers may soon feel the pinch a little harder.Your budget could be heading for a price hike, even if the warning signs haven’t fully reached the grocery bill yet. Global analytics firm Crisil has flagged that a sharp surge in wholesale inflation may soon enter everyday household expenses, and today’s relatively soft retail inflation...

After FPIs raise concerns, Sebi, CBDT ease onboarding rules

TazaPulseMay 16, 2026

MUMBAI : Markets regulator Sebi and the Central Board of Direct Taxes (CBDT) have removed some of the Income Tax Permanent Account Number (PAN)-related difficulties that foreign funds were facing in order to register themselves in India. The move is part of Sebi’s ease of investing initiative to simplify registration process for foreign portfolio investors.After...

App based gig workers call for nationwide strike

TazaPulseMay 16, 2026

Gig workers have called for a temporary nationwide strike on Saturday, asking app-based drivers and delivery workers to cease services from 12 pm to 5 pm to protest against rising fuel prices and low payment rates.The Gig and Platform Services Workers Union (GIPSWU) has appealed to workers to join the shutdown, arguing that increasing petrol...

Tata Trusts ordered to defer today’s board meets

TazaPulseMay 16, 2026

Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan...