AGP Executive Report
Last update: 8 hours agoInfrastructure: Power Grid’s quarterly adjusted profit rose 11% to ₹3,860 crore, while its order book jumped 45% to ₹2.2 lakh crore. ICICI Securities maintained a Buy rating, with a ₹350 target, despite delays to commissioning. African Finance: Six countries hold 80% of Africa’s corporate debt, with Nigeria accounting for 16%, an OECD report says. Afreximbank has quadrupled its financing commitment to the continent’s creative industries to $2 billion. Energy: Ørsted’s 704-megawatt Revolution Wind farm is now fully operational, supplying electricity to Rhode Island and Connecticut under long-term contracts. Business Climate: Canada’s 2026 budget proposes easing corporate tax rules on subsidiary loss transfers and preferred shares, alongside major investment incentives. Start-up Banking: Federal Bank joined India’s company-registration portal, allowing entrepreneurs to open a business account during incorporation.
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