Fed will not wait till inflation goes down to 2 per cent to start cutting interest rates, says Chairman Powell; RBI issued three revised master directions on fraud risk management for commercial banks, cooperative banks and non-banking financial companies; SEBI has sent an administrative warning to Paytm;Hindustan Unilever enters into a deal with the Indian division of A.O. Smith to sell its water purification business for Rs 601 crore; Windfall tax hiked from Rs 6,000 per tonne to Rs 7,000 per tonne; U.S. stocks gained overnight as the focus shifted to Donald Trump....All this and much more on your daily podcast by Alex Mathew and Niraj Shah.