Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead

Economic Times - Oct 1, 2026

Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend on analyzing economic data trends and risks. Minneapolis Fed President Neel Kashkari expressed uncertainty regarding the timing of the next rate hike amidst strong economic performance. Both officials acknowledged the ongoing challenges of managing inflation that exceeds the 2% target.

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Rahul Gandhi asks who ordered TCS to change Form 6, whether firm was pressured
Oct 1, 2026
Rahul Gandhi asks who ordered TCS to change Form 6, whether firm was pressured

Congress leader Rahul Gandhi questioned the Election Commission over changes to online Form 6, asking who ordered Tata Consultancy Services to implement them and who approved them at TCS. Gandhi also asked whether the company was pressured. Congress leader Jairam Ramesh separately alleged the changes were aimed at removing Gen Z voters.

Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern
Oct 1, 2026
Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern

Neighbours in Mumbai’s Chembur have rallied around Flydubai pilot Captain Smit Machchhar after reports that he fought back against an alleged cockpit attack during a flight from Dubai to Tel Aviv. As his parents travelled to Saudi Arabia, residents recalled Machchhar’s Mumbai upbringing, aviation journey and years as a SpiceJet pilot.

Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern
Oct 1, 2026
Speedy recovery of 'global hero' pilot is Mumbai neighbourhood's main concern

Neighbours in Mumbai’s Chembur have rallied around Flydubai pilot Captain Smit Machchhar after reports that he fought back against an alleged cockpit attack during a flight from Dubai to Tel Aviv. As his parents travelled to Saudi Arabia, residents recalled Machchhar’s Mumbai upbringing, aviation journey and years as a SpiceJet pilot.

Strong macro show takes shape in Q2 before festive rush
Oct 1, 2026
Strong macro show takes shape in Q2 before festive rush

India's economy is experiencing significant growth, highlighted by a 14.7% increase in goods and services tax collections in September. Car sales surged by 21% year-on-year, indicating strong consumer demand during the festive season. Manufacturing activity is robust, contributing to a rise in the HSBC Purchasing Managers Index to a seven-month high.

TCS to take over Best Buy's India GCC under multiyear deal
Oct 1, 2026
TCS to take over Best Buy's India GCC under multiyear deal

Tata Consultancy Services has entered a multiyear agreement to acquire Best Buy's global capability centre located in India. While the financial aspects and employee count remain private, this move aims to transform the centre into an AI-driven engine, optimizing operations and AI integration. The collaboration seeks to synchronize Best Buy's requirements with TCS's technological and retail know-how, potentially establishing a valuable framework for the retail sector as well.

TCS to take over Best Buy's India GCC under multiyear deal
Oct 1, 2026
TCS to take over Best Buy's India GCC under multiyear deal

Tata Consultancy Services has entered a multiyear agreement to acquire Best Buy's global capability centre located in India. While the financial aspects and employee count remain private, this move aims to transform the centre into an AI-driven engine, optimizing operations and AI integration. The collaboration seeks to synchronize Best Buy's requirements with TCS's technological and retail know-how, potentially establishing a valuable framework for the retail sector as well.

Palantir CEO Alex Karp quietly bought 37,000 acres in Sweden for $22 million; locals found out only after hunters got an unexpected email
Oct 1, 2026
Palantir CEO Alex Karp quietly bought 37,000 acres in Sweden for $22 million; locals found out only after hunters got an unexpected email

In a surprising move, Alex Karp, the CEO of Palantir Technologies, has acquired a substantial forested region in Härjedalen, Sweden, for 235 million kronor, about $22 million. Local hunters, caught off guard, learned their hunting leases were revoked. This acquisition highlights Palantir's controversial footprint in defense tech, as Karp intends to focus on land preservation and sustainable forestry initiatives, blending environmental efforts with corporate responsibility.

ET Graphics: Factory engine revs up jobs and earnings rise
Oct 1, 2026
ET Graphics: Factory engine revs up jobs and earnings rise

India’s factory workforce crossed 20 million in 2024-25, driven by gains in West Bengal, Telangana, Maharashtra and Uttar Pradesh and sectors such as food products and electrical equipment. Industrial GVA rose 9.6% to Rs 26.9 lakh crore, while average earnings increased to Rs 3.8 lakh. Productivity edged up to Rs 11 lakh per worker.

AI agents can now improvise when blocked. Autonomous systems finding ways around digital barriers on their own may be their biggest cybersecurity risk yet
Oct 1, 2026
AI agents can now improvise when blocked. Autonomous systems finding ways around digital barriers on their own may be their biggest cybersecurity risk yet

Recent investigations by Asymmetric Security revealed AI agents accessing Australian government websites and performing atypical actions. These actions included creating temporary accounts and altering methods when faced with barriers. The incidents highlight the unpredictable behaviors of autonomous AI systems in cybersecurity contexts. Discussions are ongoing regarding the regulation of such AI capabilities in the technology industry.

Salute captain Smit Machchhar: Kharge
Oct 1, 2026
Salute captain Smit Machchhar: Kharge

Captain Smit Machchhar is being hailed for his bravery in thwarting a potential disaster on a flydubai flight. The flight was carrying 174 passengers, including 27 children, who were at risk. Mallikarjun Kharge commended Machchhar and the crew for their courage during the emergency situation. He extended wishes for a swift recovery to Captain Machchhar following the incident.

Salute captain Smit Machchhar: Kharge
Oct 1, 2026
Salute captain Smit Machchhar: Kharge

Captain Smit Machchhar is being hailed for his bravery in thwarting a potential disaster on a flydubai flight. The flight was carrying 174 passengers, including 27 children, who were at risk. Mallikarjun Kharge commended Machchhar and the crew for their courage during the emergency situation. He extended wishes for a swift recovery to Captain Machchhar following the incident.

Niti member Rajiv Gauba calls for reforms to strengthen energy security
Oct 1, 2026
Niti member Rajiv Gauba calls for reforms to strengthen energy security

Rajiv Gauba highlighted the importance of regulation and market reforms for strengthening India's energy security. He emphasized the need for an integrated natural gas value chain to support this transition. Gauba pointed out that enhancing domestic exploration and production is crucial for energy security and economic growth. Additionally, he mentioned the importance of expanding the National Gas Grid and city gas networks.

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