CBDT issues norms for quoting of PAN in existing bank accounts, other measures

New Delhi [India], March 12: Annapurna Devi Foundation has released a special cover from the India Post of the eminent Indian classical musician Annapurna Devi at the Kolkata GPO. The event was attended by eminent classical musicians like Nityanand Haldipur, Basant Kabra, Sukriti Gupta, Director Postal Services, Kolkata Region.This was a special commemoration on the birth centenary of the legendary Surbahar player Annapurna Devi.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Bengaluru (Karnataka) [India], March 12: MPOWER Financing, a leading global firm enabling high-potential international students to pursue higher education abroad, has shared its assessment of the newly announced changes to the U.S. H-1B visa program. MPOWER's internal modeling, based on the past several years of H-1B results, suggests that the shift from a random lottery to a wage-based selection would have a neutral or even positive impact for Indian Master's STEM graduates.

Chennai (Tamil Nadu) [India], March 11: Virtual Auditor (https://virtualauditor.in), a digital compliance, valuation, and forensic advisory platform headquartered in Chennai with offices in Bangalore and Mumbai, today announced the expansion of its integrated service offerings across eight professional practice verticals. Leveraging its digital-first infrastructure, the platform serves startups, small and medium enterprises (SMEs), and cross-border investors seamlessly across all of India.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

Dubai [UAE], March 10: GMCL has just announced the launch of a Rs 900 Crore ($100 million) blockchain-based tokenisation issue, positioning it as one of the first large-scale digital asset offerings linked to a professional international cricket league. Baba Inder Preet Singh, founder GMCL said that "The offering will create a tokenised investment structure designed to provide exposure to the league's commercial ecosystem, including broadcast rights, sponsorship revenues, franchise participation, licensing, and digital fan engagement platforms.GMCL plans to engage institutional investors, digital asset funds, family offices, and strategic partners as part of the global issuance process."

New Delhi [India], March 10: As India's interior design industry witnesses a growing demand for premium, ready-to-apply wall solutions, Meridian Collection is reinforcing its position as a design-led surface brand with a strong pan-India presence. Established in 2016, the Delhi-based company has evolved from a single wall panel collection into a diversified portfolio featuring 15 to 20 premium surface collections tailored for contemporary homes and commercial spaces.

The Income Tax Department carried out a nationwide verification exercise on restaurants regarding turnovers, revealing a suppression of sales amounting to approximately Rs 408 crore. According to a Ministry of Finance press statement, the investigation targeted tax evasion patterns within the Food & Beverage (F&B) sector following preliminary data analysis initiated in November 2025.

New Delhi [India], March 9: Redbrick Offices, India's leading co-working and managed office provider, has leased 0.4 million sq. ft. at AP4 Tech Park in Wagholi, marking one of Pune's largest recent office space transactions in recent times. Developed by Amar Builders in partnership with Pristine Properties, AP4 Tech Park is a Grade A IT development spanning 4 million sq. ft. known for its advanced infrastructure, sustainable design, and strategic location within the Kharadi Annexe growth corridor.

Mumbai (Maharashtra) [India], March 9: Federal Bank announced the launch of its wealth management platform 'Fed Wealth' and the inauguration of its first Wealth Hub, marking the next phase of the Bank's strategic expansion in the wealth management business. Building on the trust developed over the legacy of more than 90 years, the Bank continues its customer centric focus and will provide in depth market research and a wide range of products aligned with customer risk profiles. A curated suite of investment solutions will include fixed income, equities, mutual funds, alternatives and opportunities through GIFT City.