Income Tax seize Rs 26 crore cash after raids against Nashik-based jewellers

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.

New Delhi [India], March 10: Shyam Sundar Co Jewellers, heritage jewellery house - known for a history of making a difference with designer collections of gold and diamond jewellery like 'Adi-Kriti' and 'Glitteria' - now presents their first exclusive collection of silver jewellery.

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: CSRBOX and The Godavari Initiative (TGI) have concluded a strategic two-day engagement across Maharashtra, establishing a unified framework for basin-level water stewardship and impact investment. Held on 23 and 24 February 2026, the program functioned as a connected sequence of high-level dialogues, bridging Mumbai's financial leadership with Nashik's frontline innovation. By anchoring a delegation of international representatives, government authorities, and corporate leaders, the partners have formalized a multi-stakeholder ecosystem dedicated to scaling nature-based solutions and sustainable capital deployment across the Godavari River basin.