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MUMBAI: RBI’s new disclosure norms will put unlisted banks at par with listed peers, standardise reporting formats and units, and make global comparisons of Indian lenders much easier by mandating uniform, template-driven disclosures.The new norms prescribe globally aligned reporting architecture that mirrors Basel standards, addressing the third of the three pillars of the globally accepted…
Bengaluru: United Breweries on Thursday informed stock exchanges that an employee inadvertently disclosed unpublished price sensitive information (UPSI) related to the company’s draft annual financial results to an outside individual.In a filing, the beer maker said the disclosure took place on May 5 “for legitimate reasons” but without the “necessary safeguards”. The company said the…
Mumbai: Salaried taxpayers claiming House Rent Allowance (HRA) under the Income-Tax (I-T) Act, face tighter disclosure norms from April 1, 2026, with the introduction of a new declaration format: Form 124 which replaces the earlier Form 12BB and requires additional details to curb misuse.Employees are required to submit this form to their employers for the…
The Central Board of Direct Taxes (CBDT) on Friday notified the Income-tax Rules, 2026 to operationalise the simplified direct tax legislation passed by Parliament last year, with the new framework set to come into effect from April 1. “These rules may be called the Income-tax Rules, 2026. They shall come into force on the April…
Get ready for an exhilarating ride as Steven Spielberg unveils ‘Disclosure Day,’ a suspense-laden thriller featuring the dynamic duo of Emily Blunt and Josh O’Connor. The film’s gripping narrative revolves around a world on the brink of collapse due to an enigmatic alien presence, which leads to chilling instances of possession and widespread media frenzy….
The US Department of Homeland Security (DHS) has released a new database revealing how its Immigration and Customs Enforcement agency relied on artificial intelligence (AI) tools from Sam Altman’s Open AI and Palantir. The immigration agency has been at the center of criticism after federal agents shot two people in Minneapolis last month. According to…
Paramount Skydance on Monday sued Warner Bros Discovery seeking greater disclosure on its proposed $82.7 billion deal with Netflix, escalating a high-stakes battle for control of one of Hollywood’s most storied media groups.The David Ellison-led company also said it plans to nominate directors to the Warner Bros Discovery board and prepare a proxy contest, marking…
Hatsun Agro Product has reported an unusual corporate governance lapse after draft, unaudited financial details for the December 2025 quarter were mistakenly shared on a senior executive’s personal WhatsApp status.In a regulatory filing, the dairy products maker said one of its key managerial personnel accidentally uploaded a “first-cut draft” of the company’s unaudited financial statements…
Returning to the captivating world of science fiction, Steven Spielberg presents ‘Disclosure Day’, marking his first foray into the genre since the dazzling ‘Ready Player One’ back in 2018. The intriguing trailer suggests a narrative rich in mind control, extraterrestrial beings, and cryptic languages, with performances from the dynamic Emily Blunt and charismatic Josh O’Connor….
The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…
