AGP Executive Report
Last update: 2 hours agoIndia Post Logistics: India Post rolled out “India Post parcel Last Mile” from Aug 1, a new last-mile delivery service for bulk and corporate customers, with booking via delivery offices or designated parcel hubs and compensation rules aligned to existing parcel services. Pharma Safety Recall: Sun Pharma withdrew multiple eye-drop products in India (including Lotepred-5ML and Brinzotim/Brinolar BKC FREE) as a precautionary safety measure, asking distributors to stop sales and return affected batches. Energy & Consumer Costs: China announced a fuel price increase, with retail gasoline and diesel rising under an NDRC adjustment tied to higher crude prices and Middle East tensions. Retail & Consumer Goods: ABFRL reported FY26 revenue up 11% and expanded its retail network to 1,273 stores, with e-commerce growing 20%+ and ethnicwear emerging as the fastest-growing profitable segment. Renewables Investment: Brookfield launched Lumara in India, targeting renewable project bottlenecks (PPA delays, grid queues, land acquisition) with an initial $600m push across 6GW+ solar, wind and storage. Auto Demand Watch: India’s July auto momentum stayed strong, with multiple OEM sales records (Maruti, Hyundai, Kia, Nissan) pointing to a resilient consumer cycle. Disaster Impact on Retail: Japan’s Kumamoto earthquake death toll rose to 34 as authorities ended mall search-and-rescue after an Aeon site collapse and explosion. Cross-border Payments: Maldives launched a Favara-UPI corridor with India for real-time cross-border transfers, adding another consumer-friendly rails for travel and trade.
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