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Shares of Tata Motors, a leading global automobile manufacturer, surged 6% to hit a fresh all-time high of ₹1,084.90 per share in today's trade following an upgrade from Japanese brokerage firm Nomura. The brokerage highlighted that Tata Motors’ strategy to transition Jaguar Land Rover from premium to luxury segments is expected to keep the brand competitive amidst rising competition. For …

Bajaj Finance share price gained 2% in the early trade on Friday after global brokerage firm Nomura initiated coverage on the stock with a ‘Buy’ rating. Nomura has set a target of ₹8,700 for Bajaj Finance shares, which implies an upside of nearly 22% from Thursday’s closing price. The brokerage house believes that the exit of Housing Finance Development Corporation …

Understanding the all-time high in India’s trade deficit

Trade

India’s trade deficit likely to stay high, current account deficit to widen: Nomura

India’s trade deficit, which shot back up to $21.2 billion in February, is expected to stay elevated in coming months and the current account deficit could widen to 2.6% of GDP in 2022-23 from 1.7% of GDP this year, Nomura said in a report on March 3. “The surge in oil prices, amid a pickup in domestic demand, will significantly …

Japan’s biggest brokerage has started offering subscriptions to a luxurious Italian food delivery service, where customers can use tokens to buy and trade dishes as their value fluctuates. An affiliate of Nomura Holdings Inc. on Wednesday began selling the tokens, that exist on the blockchain, for four high-end food parcels a year from Masayuki Okuda, an award-winning Japanese chef famous …