AGP Executive Report
Last update: 8 hours agoRetail Expansion: Chinatown grocer Asianfresh Food Market is opening a second Cherry Hill location on Sept. 12, bringing fresh produce, seafood and hard-to-find Asian imports near H-Mart. Customer Tech: Salesforce is expanding its collaboration with Sri Lanka’s John Keells Holdings, powering Keells supermarkets and loyalty via Keells Nexus for more personalised, data-driven shopping. AI & Chips Controls: The US is drafting new export rules aimed at blocking Chinese firms from renting Nvidia GPU compute via third-country data centers, shifting the chip war to remote access. Semiconductor Supply: China’s CXMT has started risk production for HBM3E memory, a bid to cut reliance on Western AI memory. Consumer/Payments Compliance: India’s cross-border payments rules tighten from Oct. 1, pushing banks to verify service contracts and overseas parties to curb suspicious remittances. Market Pulse (India): India’s Q1 GDP grew 7.8% y/y, beating forecasts on services and a manufacturing upside. Energy Costs: Mahanagar Gas raised Mumbai-area CNG by Rs 2/kg and PNG by Rs 1/SCM from Sept. 1 amid Middle East-linked input price pressure. Digital Disruption: OpenAI confirmed a ChatGPT partial outage with elevated latency affecting Work mode. Corporate Moves (Jewellery): GRT Jewellers will buy 74.12% of TBZ for up to ₹1,034 crore, launching an open offer for the rest.
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