CBDT issues Rs 1.54 lakh crore refunds to taxpayers

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.

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.

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.

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.

Chennai (Tamil Nadu) [India], March 9: Supreme Power Equipment Limited(SPEL), (NSE Code: SUPREMEPWR), one of India's leading manufacturers of power and distribution transformers, on a strong footing with robust order inflows aggregating ₹38.63 Cr during February 2026, continuing its strong order momentum, Danya Electric Company, a Partnership firm secured a new order worth ₹18.23 Cr asstart of March 2026.

Lucknow (Uttar Pradesh) [India], March 9: In today's property market, I see many buyers entering with the wrong expectations. Social media, aggressive promotions, and market rumours often create the impression that real estate is about quick profits. In my experience, that mindset usually leads to disappointment.

The government is maintaining fiscal consolidation while prioritising capital expenditure to support infrastructure-led growth, according to the Finance Ministry's Monthly Economic Review for February 2026.

At a time of heightened global uncertainty and shifting economic dynamics, the Union Budget 2026-27 positions India's policy framework around stability, resilience and inclusive growth, according to monthly economic review by Department of Economic Affairs under Ministry of Finance.

New Delhi [India], March 6: Baker Tilly ASA India today marked 35 years of operations in India with the launch of its flagship publication, Doing Business in India - A Comprehensive Guide for Foreign Investors 2026. The 2026 edition comes at a pivotal moment as India consolidates its position as one of the world's most dynamic long-term capital destinations.

Lucknow (Uttar Pradesh) [India], March 6: Chandan Healthcare Limited (NSE - CHANDAN), - Chandan Healthcare Limited, one of the leading diagnostic and healthcare services providers in North India, has secured another Public Private Partnership (PPP) project from the Punjab Health Systems Corporation under the Department of Health and Family Welfare, Government of Punjab.