AGP Executive Report
Last update: 12 hours agoBanking Deal: Kotak Mahindra Bank has signed an agreement to buy Deutsche Bank’s India retail, private banking and wealth business, adding about ₹29,000 crore in loans and ₹16,000 crore in deposits, with closing targeted for September 2027 pending regulators. Energy & Prices: Nayara Energy cut petrol by Rs 5 and diesel by Rs 3 at its stations as global crude eased after West Asia tensions cooled, while state-run retailers kept prices unchanged. Trade Resilience: Singapore is pushing a new model of rules-based cooperation via essential-supplies trade pacts, including an agreement with New Zealand to keep ports and air terminals open during disruptions. Asia Markets: July 1 opened mixed across Southeast Asia, with Indonesia’s Jakarta Composite down 5.48% while Thailand’s SET rose 2.1%. AI & Industry: Private surveys suggest Asia’s factories got a June boost from the AI supply chain, helping offset some Iran-war drag, though shipping delays and supply shortages remain a risk. Mongolia-EU: Mongolia and the EU held their 24th joint committee meeting in Brussels, focusing on infrastructure, renewables, trade and agriculture.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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