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Foreign shares, overseas bank accounts, and three other disclosures you must make in Schedule FA of the ITR for AY 2026-2027

Economictimes.indiatimes.com 

Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas bank accounts. Employee stock options and cryptocurrencies also demand careful reporting considerations. Jointly held foreign accounts need accurate disclosure based on fund ownership. Accurate reporting is crucial to avoid penalties under the Black Money Act.

ACME Solar inks PPA with SECI to supply power from 300MW wind-solar project

Economictimes.indiatimes.com 

ACME Solar Holdings has signed a Power Purchase Agreement with SECI. This agreement is for a 300 MW wind-solar hybrid renewable energy project. The company's subsidiary will manage this project for twenty-five years. ACME Solar's total contracted portfolio now stands at 8,070 MW. The company has an integrated approach to renewable energy development.

Ather Energy raises Rs 1,300 crore via QIP, allots shares at Rs 1,202 apiece

Economictimes.indiatimes.com 

Ather Energy successfully raised Rs 1,300 crore via a qualified institutional placement. The company also secured Rs 1,200 crore from existing investors, totaling Rs 2,500 crore. These funds will support manufacturing expansion and new product development initiatives. Ather plans to invest significantly in a new Maharashtra facility to boost production capacity. This capital infusion follows a recent IPO and strengthens Ather's market position.

Global Market: Indonesia stocks attract bargain hunters as AI rally loses steam

Economictimes.indiatimes.com 

Global investors are shifting funds into Indonesia's stock market, which has seen significant declines. This rotation occurs as the rally in AI-linked stocks begins to lose momentum globally. Many portfolio managers are seeking undervalued markets with stronger long-term growth prospects. Analysts believe much of the negative news has already been reflected in current stock prices. Indonesia's market awaits a crucial MSCI decision in November, which could impact its status.