AGP Executive Report
Last update: 8 hours agoTata Power Struggle / Corporate Governance: Tata Sons chairman N. Chandrasekaran is set to exit after a board deadlock left his reappointment unresolved, with trusts reportedly pushing conditions he wouldn’t accept—raising leadership clarity issues for major group projects. Nigeria FX & Reserves: The naira weakened in official trading but firmed at some desks; interbank dollar turnover plunged and reserves rose to about $52.1bn, underscoring tight liquidity. Oil & Geopolitics: Oil prices rose as US-Iran deal hopes faded and Iran signaled Hormuz would stay closed without its demands, keeping supply-risk front and center. Qatar Growth Resilience: Qatar’s central bank said 2025 growth stayed solid, driven by non-hydrocarbon expansion, with low inflation and stable real estate. Singapore Markets: JPMorgan lifted its Singapore stocks target on AI-boosted growth and a valuation gap narrowing, while the STI continues to outperform. UK Business Activity: NatWest’s tracker showed business activity rising in most UK regions as cost pressures eased. India Payments Policy: Debate over UPI fees is heating up, but officials say consumers won’t be charged for UPI transactions for now. Ola Electric Incentives: India’s PLI timelines for Ola’s battery unit were revised, extending the incentive window through 2031 and potentially unlocking up to ₹7,240 crore. US International Students: Projections warn the US could see up to 112,000 fewer international students next year amid tighter post-2025 visa and stay rules. Climate & Disaster Costs: Swiss Re estimated global natural-catastrophe losses at $100bn in the first half of 2026, with El Niño risks still looming.
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