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BusinessPhoto: News18Hi BusinessThe Reserve Bank of India (RBI) has issued new accounting rules for banks regarding the Effective Interest Rate (EIR), which will come into effect from April 1, 2027. These rules will change how banks calculate interest income and manage loan accounts. Banks are concerned about the impact but have started preparing for the transition.
News18Hi Business·
EntertainmentPhoto: HT EntertainmentFilmmaker Imtiaz Ali stated that increased digital content consumption has led to social isolation, as people often watch alone on personal devices. He emphasized that cinema offers a collective emotional experience, allowing audiences to share reactions. Speaking at a Mumbai film festival, Ali highlighted how post-COVID viewing habits have shifted towards isolated digital consumption, while theatrical experiences remain valuable for human connection.
HT Entertainment··Mumbai
WorldPhoto: Amar UjalaCyclone Arnab has crossed the coast of Andhra Pradesh, bringing heavy rainfall expected to continue for 24 hours in several districts. Authorities have issued warnings and are monitoring the situation closely to manage the impact of the cyclone on the region.
Amar Ujala··Andhra Pradesh
PoliticsPhoto: NDTVA major fire broke out around midnight on Wednesday at Vasco market in Goa, destroying more than 150 shops and causing extensive damage to goods. No injuries were reported. Chief Minister Pramod Sawant visited the site and announced financial aid for affected shopkeepers. Firefighters controlled the blaze after over four hours. The cause remains unknown. Earlier fires also occurred in Vasco that night.
NDTV··Vasco
HealthPhoto: TOI WorldA Michigan appeals court upheld a $9.7 million verdict against Henry Ford Macomb Hospital for negligence after Cathleen Allen died following complications from tummy tuck surgery. Medical experts testified that timely intervention could have saved her life. The jury found both the surgeon and hospital liable, emphasizing the importance of strict patient safety protocols.
TOI World··Michigan
BusinessPhoto: ET MarketsAsia OneHealthcare, a Malaysian hospital operator backed by TPG, has filed a draft prospectus for an IPO of up to 4.38 billion shares on Bursa Malaysia. The company plans to use the proceeds for hospital expansion, facility upgrades, debt repayment, and IPO expenses. It operates 23 hospitals and returned to profitability in FY26.
ET Markets·
News18Hi Business·
Photo: News18Hi BusinessThe Reserve Bank of India (RBI) has issued new accounting rules for banks regarding the Effective Interest Rate (EIR), which will come into effect from April 1, 2027. These rules will change how banks calculate interest income and manage loan accounts. Banks are concerned about the impact but have started preparing for the transition.
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