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RBI says linking Aadhar number to bank accounts mandatory

MUMBAI The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts.

Recent Business News

Fed's Yellen defends past policies as Trump mulls top Fed pick

WASHINGTON Federal Reserve Chair Janet Yellen said on Friday that asset purchases and other unconventional policy tools must remain part of the Fed's arsenal as long as the economy remains stuck in a low interest-rate economy.

Budget 2017, Economy 6:54am IST

California judge tosses $417 million talc cancer verdict against J&J

A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.

Budget 2017, 6:11am IST

Global Economy: High noon for the ECB, Draghi at the QE Corral

FRANKFURT Not for the first time, European Central Bank President Mario Draghi is facing a tricky balancing act.

Budget 2017, Economy 20 Oct 2017

Wall Street Weekahead: Recent hurricanes take toll on quarterly earnings

SAN FRANCISCO After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.

Economy, Budget 2017, 20 Oct 2017

Trump considers Fed's Powell, economist Taylor to lead central bank

WASHINGTON President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change.


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