AGP Executive Report
Last update: a day agoRBI Currency Policy: India’s central bank is weighing a return to polymer (plastic) banknotes, citing higher printing costs, rising soiled-note disposal, and record cash-in-circulation—potentially starting with Rs 10 and Rs 20. Market Flows: Foreign investors were net sellers of Indian equities in May, adding to a fragile risk tone as rupee and crude dynamics stay in focus. Cross-Border Investment: China and the EU are discussing a trade-and-investment consultation mechanism, with both sides warning against protectionism and unilateral restrictions. Energy & Infrastructure Investing: Ripple Effect Asset Management disclosed new purchases in XPLR Infrastructure and NextDecade, underscoring continued investor interest in contracted clean-energy and LNG/CCS plays. Corporate/Regulatory Watch: SEBI imposed a major penalty on Suzlon Energy and executives for misleading financial statements, while multiple local audits flagged weak financial oversight in towns like Granger and Fremont. Investment Promotion: Oman rolled out an investment package backed by guaranteed purchase agreements to improve bankability and reduce investor risk. Tech & Finance: Software stocks rallied on AI optimism, while regulators and consumer groups pressed Meta over alleged financial scam protections under the EU Digital Services Act. Class Actions: Investors face upcoming lead-plaintiff deadlines in several securities lawsuits, including Commvault and New Era Energy.
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