AGP Executive Report
Last update: 10 hours agoUPI Rules Clarified: India’s Finance Ministry says from Oct 15, UPI stays free for consumers and small merchants for transactions up to ₹2,000; only large merchant payments above that face a capped 0.4% MDR paid by merchants, while P2P transfers remain free. Food Safety Crackdown: FSSAI has filed three adjudication cases against Nestlé India over infant nutrition products and promotional claims; Nestlé says it’s compliant as shares slide. Semiconductors Push: At SEMICON India 2026, PM Modi backed “Silicon to Systems” progress and virtually inaugurated Suchi Semicon’s OSAT plant in Surat; India also targets a fuller chip ecosystem with materials, packaging and 1 lakh+ jobs. Retail Tech Demand: Apple iPhone 18 Pro sales kick off in India with queues and fast delivery via quick-commerce apps like Blinkit/Zepto. Trade & Energy: US and China are discussing tariff relief for US LNG ahead of Xi’s Washington visit. Auto Market Watch: Hyundai warns cheaper Chinese EVs could flood the US without safeguards, echoing Europe’s experience. Consumer Health Trend: Elite Asia Group launches an integrative wellness center blending TCM with AI-assisted treatments and an “AI Mugwort Robot.”
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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