CBDT extends working hours for Income Tax declaration scheme on 30th Sept.

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.

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.

Maharashtra's economy is expected to grow at 7.9 per cent in 2025-26, up from 7.3 per cent in 2024-25, according to the Economic Survey of Maharashtra 2025-26 tabled in the State Assembly on Thursday. The survey projects steady expansion driven mainly by the services and industrial sectors, while the state continues to maintain its position as one of the country's largest economic contributors.

New Delhi [India], March 4: Aye Finance, India's leading provider of business loans to the underserved micro-scale MSMEs, has completed a pilot that uses the predictive capability of Gen AI technology, which will enhance its formal credit to the trading businesses in tier 2 and beyond cities. The cutting-edge solution developed in-house utilises Generative AI and Machine Learning (ML) models to estimate business sales directly from images of store premises and other parameters. This significantly reduces the 'cost-to-serve' for the micro-enterprise segment.

Mumbai (Maharashtra) [India], March 3: Srujna Charitable Trust marks 15 years of enabling dignified livelihoods for women across India and now supports over 2.5 lakh women in 9 states with access to sustainable income, enterprise opportunities, and leadership pathways.

Raipur (Chhattisgarh) [India], March 2: On Sunday morning, the streets of Raipur transformed into a vibrant celebration of fitness and sporting spirit as thousands of participants came together for the SK Raipur Marathon 2026. Organized by Sanskriti Yuva Sanstha and the Indian Institute of Event Management (IIEMR), in association with SK Finance and South Eastern Coalfield, the event infused the city with energy, discipline, and enthusiasm. Beginning as early as 4:00 AM, more than 10,000 runners from 25 cities participated across multiple race categories, making it a grand sporting spectacle.