The Reserve Bank of India’s move to a forward-looking Expected Credit Loss (ECL) framework—set to take effect from April 1, 2027—is expected to reshape how banks assess risk, provide for bad loans and deploy capital, with a largely manageable transition but uneven impact across lenders. Analysts say the move aligns India’s banking norms with global…
Airbnb and Anysphere, maker of AI coding platform Cursor, may be in trouble. According to a report in Semafor, two Republican-led House committees are probing Airbnb and Anysphere over their use of Chinese AI models. According to the report, the House Homeland Security Committee and House China Select Committee have jointly sent letters to the…
Chennai: A Tamil Nadu govt order restricting maternity leave for third pregnancy to 12 weeks is unjustifiable and against the law settled by the Supreme Court, Madras high court ruled on Wednesday.The division bench of Justice R Suresh Kumar and Justice N Senthilkumar set aside the orders of the principal district judge, Villupuram, dated March…
New Delhi: In good news for patients, Indian Patent Office has refused a patent on MNC firm AbbVie’s blockbuster immunology therapy Rinvoq, paving the way for affordable versions to enter the domestic market. In a recent hearing, the Delhi Patent Office held that the claimed invention was “obvious” and lacked inventive step, a violation of…
In the film industry, producers usually gift stars after a film’s success. However, superstar Rajinikanth has once again shown his unique style by doing the opposite. After the successful re-release of his iconic film ‘Padayappa’, Rajinikanth personally invited producer Thenappan and gifted him a 5-sovereign gold chain. This thoughtful gesture has now gone viral on…
Darjeeling Himalayan Railway, also known as the “Toy Train,” is a narrow-gauge railway in West Bengal. For those who don’t know, it was the first rail-centric attraction in Asia to receive the UNESCO World Heritage tag in 1999. Running from New Jalpaiguri to Darjeeling, the beautiful train ride is an experience one swear by. Riding…
Stocks turning ex date today: Several Indian stocks, including ABB India, Hindustan Zinc and Vedanta, trade ex-date on April 30. (Image: AI/ET Now) Stocks turning ex date today, April 30: Various Indian stocks, including ABB India Ltd, Hindustan Zinc Ltd, Varun Beverages Ltd and Vedanta Ltd, are set to trade ex-date on April 30, 2026,…
The Employees’ Provident Fund Organisation is preparing to launch a new digital platform aimed at helping members locate and reactivate old or inoperative provident fund (PF) accounts. Labour and Employment Minister Mansukh Mandaviya said the proposed portal—E-PRAAPTI—will use Aadhaar-based authentication to allow users to trace legacy accounts, including those created before the introduction of the…
The war between United States and Iran has dealt a serious blow to Pakistan’s economic progress made over the past two years, but Islamabad will continue its efforts to help ease tensions between the two warring sides and restore peace in West Asia, Pakistan Prime Minister Shehbaz Sharif said.Speaking during a cabinet meeting, Sharif said…
‘State bifurcation’, P 12 AmitAnand.ChoudharyNew Delhi: In a first, a criminal case has been quashed against a police officer on the grounds of delay in trial proceedings, which remained dormant for 35 years.“We are informed that in all, five accused came to be chargesheeted, including the present petitioner. Out of five, two co-accused passed away…
