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Beth Hammack on Fed policy and inflation risks

TazaPulseOctober 12, 2026
Cleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be needed to bring down inflation and the central bank should make fast, incremental adjustments. “When feasible, I generally think it’s preferable to make smaller adjustments, and to do so relatively quickly, rather than to wait and risk needing a larger course...
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Stock Market Today Live Updates: BSE Sensex erases early gains, tumbles over 500 points, Nifty50 below 22,400

TazaPulseOctober 12, 2026
Global stock markets opened on a mixed note on Monday as investors braced for the earnings season. South Korea’s benchmark index fell 2.2%, while Taiwan’s shares slipped 0.5%. MSCI’s broadest index of Asia-Pacific shares excluding Japan declined 0.3%, while China’s blue-chip index edged up 0.1%. In the US, S&P 500 futures rose 0.3% and Nasdaq...
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After launching Vande Bharat sleeper train with 16 coaches, Indian Railways now bets on 24-coach variant of new train with pantry car and features better than Rajdhani Express

TazaPulseOctober 12, 2026
ICF has said in the past that its 24-car Vande Bharat sleeper will be one of the longest sleeper trains being produced in India. After rolling out 16-coach Vande Bharat sleeper trains, Indian Railways is now eyeing a 24-coach train set that will cater to longer distance overnight journeys. The Integral Coach Factory (ICF) Chennai...
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Gold price prediction today: What levels will yellow metal see? Check outlook for October 12, 2026 week

TazaPulseOctober 12, 2026
Importantly, underlying investment demand for bullion remains strong, with inflows into gold-backed ETFs reaching a four-year high Gold price prediction today: Gold prices are recovering, but are continuing to see pressure due to global factors, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here’s his analysis:Gold enters the week Rs...
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Five Bangalore landowners faced tax on rental income from an IT park built through a partnership firm; IT department alleged it was a tax-avoidance structure, ITAT gives relief

TazaPulseOctober 12, 2026
In 1999, five landowners decided to develop their property into an IT park and SEZ zone. (Image for representative purpose only) What constitutes tax avoidance? In a recent ruling, five Bangalore landowners have secured relief from ITAT in an income tax dispute over alleged undisclosed rental income.They established that the building belonged to their partnership...
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RBI measures: Rupee to gain sharply but forex liquidity likely to dry up

TazaPulseOctober 12, 2026
MUMBAI: Forex dealers expect a gap opening in the rupee-dollar exchange rate, with the domestic unit likely to record its sharpest gain in recent times. However, there is also a looming market freeze, with RBI’s aggressive anti-speculation measures risking paralysis of legitimate market-making, choking interbank liquidity and inadvertently penalising genuine corporate hedgers.Oil companies, normally the...
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Festive phone market set to shrink in volume

TazaPulseOctober 12, 2026
NEW DELHI: India’s smartphone market is expected to witness a 12% decline in sales (by volumes) this festive season, even as the overall market value is projected to grow 5%, reflecting a shift towards pricier devices and longer replacement cycles, according to Counterpoint Research.Rising memory costs have pushed up smartphone prices, prompting consumers to defer...
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