AGP Executive Report
Last update: 10 hours agoDefence & Offshore Energy: GRSE secured a Rs 1,032 crore contract from ONGC to build four Platform Supply Vessels, boosting India’s offshore logistics capacity with hybrid propulsion and IRS-compliant specs. Banking Accolades: Standard Bank Group picked up 17 Euromoney Awards for Excellence, including Mauritius wins for Best Bank for Large Corporates and Best Investment Bank. US Visa Policy: The US made its refundable “visa bond” programme permanent, effective 3 August 2026, with consular officers able to require up to $20,000 for B1/B2 visas for nationals of 50 countries, including Mauritius-linked travellers in the wider Schengen/visa ecosystem. Regulatory Shock for Media: Zee Entertainment’s Rs 3,144 crore promoter fundraise faces uncertainty after SEBI barred the company from accessing markets for two months and restricted key promoters’ securities dealings. Digital Payments Momentum: India’s UPI hit a record in July with Rs 29.88 lakh crore in transactions (23.66 billion), and the system is already live in about ten countries including Mauritius. Cross-border Payments: India and the Maldives operationalised the Favara-UPI corridor, enabling instant transfers from Maldivian banks to UPI-enabled accounts in India.
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