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BusinessPhoto: ET MarketsMichelle Bowman, Vice Chair for Supervision at the US Federal Reserve, said during the IMF-World Bank meetings in Bangkok that there is no urgency for additional rate hikes currently. This follows a recent increase setting the target range at 3.75%-4.00%. She also emphasized the need for stronger oversight after recent bank failures.
ET Markets··Bangkok
WorldPhoto: TOI WorldA 24-year-old Indian nurse working in Australia shared on Reddit that she faces racism at her workplace and feels lonely, leading her to dislike life there. Despite having a secure job and the possibility of permanent residency in two years, she is considering whether these challenges justify returning to India.
TOI World·
PoliticsPhoto: Deccan HeraldThe Karnataka High Court invalidated the law raising Scheduled Castes reservation from 15% to 17% and Scheduled Tribes from 3% to 7%, citing breach of the 50% reservation ceiling set by the Supreme Court in 1992. The court noted Karnataka failed to prove extraordinary circumstances or conduct a rigorous assessment. It also criticized the government for not consulting national SC/ST commissions before passing the law.
Deccan Herald··Bengaluru
BusinessPhoto: TOI BusinessWholesale inflation measured by the wholesale price index (WPI) rose sharply to 11.4% in September, marking a 30-month high. This increase from 9.9% in August was driven by higher fuel and manufactured goods prices. In contrast, WPI was -0.2% in September 2025, indicating a significant inflation surge this year, according to official data released Wednesday.
TOI Business·
BusinessPhoto: TOI BusinessThe government stake sale in IDBI Bank aims to increase the bank's value while fully protecting the interests of employees and Centre-nominated directors. LIC will exit the board to allow the new management complete freedom, a senior government official told TOI on Wednesday.
TOI Business·
TechnologyPhoto: NDTVElon Musk stated that Starshield systems are owned and controlled by the US government, and any restrictions on their speed or usage are determined by the US military and ultimately by then-President Donald Trump. He attributed the slowdown of Starshield services in Ukraine to decisions made during the Trump administration.
NDTV·
ET Markets··Bangkok
Photo: ET MarketsMichelle Bowman, Vice Chair for Supervision at the US Federal Reserve, said during the IMF-World Bank meetings in Bangkok that there is no urgency for additional rate hikes currently. This follows a recent increase setting the target range at 3.75%-4.00%. She also emphasized the need for stronger oversight after recent bank failures.
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