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India introduces limited amnesty scheme for small foreign asset disclosures

India has launched a new disclosure window offering small taxpayers a limited amnesty period to regularise undeclared overseas assets, aiming to boost compliance and reduce penalties under the country’s black money law. India has opened a new disclosure window for…

  • apxadmin
  • August 16, 2026
  • Personal Finance & Wealth

Taiwanese police warn of surge in Instagram scam targeting students with unauthorised mobile charges

Authorities in Taiwan issue warnings about a rising Instagram scam where fraudsters pose as friends to steal phone verification codes, leading to unauthorised charges on mobile bills, predominantly affecting students. Taiwanese police are warning students and parents about a fast-growing…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

OpenAI’s pursuit of billions in revenue amid staggering losses raises questions about AI economic sustainability

OpenAI projects up to $14 billion in losses by 2026 despite aiming for $100 billion annual revenue by 2029, as the industry grapples with unsustainable costs and subsidised growth strategies. The cheapness of modern AI subscriptions can make the economics…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

Indian stocks face heightened volatility as US Fed signals and Iran tensions drive cautious trading

Indian markets are expected to remain volatile next week amid global uncertainties, with investors closely watching Federal Reserve minutes, geopolitical tensions, and rising crude oil prices that could impact inflation, the rupee, and corporate earnings. Indian equities are likely to…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

ICICI Prudential AMC favours ferrous metals with a cautious outlook on sectors nearing peak valuations

Lalit Kumar of ICICI Prudential AMC unveils a constructive stance on commodities, emphasizing steel sector growth prospects amid cyclical and structural gains, while expressing caution on overextended sectors like hospitals and select new-age companies. Lalit Kumar of ICICI Prudential AMC…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

Assenagon reduces stake in Dr. Reddy’s amid cautious analyst outlook and shifting institutional positions

Assenagon Asset Management S.A. has significantly trimmed its holdings in Dr. Reddy’s Laboratories by over 56% in the second quarter, as the Indian drugmaker faces cautious analyst sentiment and diverse institutional activity, reflecting increased investor caution amid recent earnings and…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

Indian large-cap boards prioritise continuity in record-breaking leadership reshuffles of 2026

Indian large-cap companies have undergone a flurry of boardroom reshuffles in 2026, with a focus on internal appointments and strategic stability amid sector changes, signalling a shift towards long-term growth and operational expertise. India’s large-cap companies have seen an unusually…

  • apxadmin
  • August 16, 2026
  • Markets & Investing

Gold prices stagnate in South Indian markets despite global gains on softer US inflation

Gold prices in Bengaluru, Chennai, and Hyderabad remained largely unchanged over the weekend, offering relief to buyers amid persistent demand during the wedding season, even as global markets show gains due to softer US inflation data. Gold prices were largely…

  • apxadmin
  • August 16, 2026
  • Fintech & Digital Money

India’s fintech sector accelerates AI integration to shape inclusive financial future

India’s fintech industry is entering a new era where AI becomes central to decision-making, automating services and enhancing financial inclusion, driven by robust digital infrastructure and supportive policies. India’s fintech sector is moving into a new phase in which artificial…

  • apxadmin
  • August 16, 2026
  • Tax, Laws & Money Explained

India launches immediate foreign asset disclosure scheme to incentivise small taxpayers to regularise offshore holdings

India has introduced a one-time, online disclosure scheme for small taxpayers to declare previously undeclared foreign assets and income, offering a pathway to compliance before the end-of-year deadline amidst evolving international tax transparency efforts. India has opened a one-time window…

  • apxadmin
  • August 16, 2026
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