AGP Executive Report
Last update: 10 hours agoBanking Investment: Blackstone will invest ₹5,000 crore for nearly 16% of India’s IIFL Finance, as part of a ₹6,414 crore capital raise expected to lift its capital adequacy ratio from 17% to about 30% and support secured lending. Markets: Global stocks rebounded as oil prices fell ahead of U.S. inflation data, while investors weighed AI-sector risks and shifted toward defensive shares. Trade and Capital: India and the EU agreed to deepen investment and technology cooperation ahead of a proposed free-trade deal next month, and will continue work on an investment protection pact. Rural Finance: Malawi’s K42 billion rural lending facility aims to mobilize at least K100 billion with bank contributions, widening access to finance for businesses including farmers and suppliers. Fiscal Policy: Ghana’s finance minister says a four-year, US$13 billion economic programme will rely on revenue and fiscal savings, not additional borrowing.
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