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In its latest report on outlook for developing Asia, the multilateral lender, retained its India growth forecast for FY25 at 6.7%. Recognising accelerated growth momentum, the RBI this month raised its FY24 growth projection for India to 7% from 6.5%, while Nomura increased it to 6.7% from 5.9%, Citigroup to 6.7% from 6.2% and DBS to 6.8% from 6.4%. India recorded a 7.7% expansion in the first half of this fiscal. ....
Shares of Nomura Holdings, Inc. (NYSE:NMR – Get Free Report) saw unusually-high trading volume on Monday . Approximately 3,935,682 shares were traded during trading, an increase of 47% from the previous session’s volume of 2,682,644 shares.The stock last traded at $4.17 and had previously closed at $4.19. Analysts Set New Price Targets Separately, StockNews.com started […] ....
Xi urged measures to boost the economy, saying that "the development situation facing the country is complex, with increasing adverse factors in the international political and economic environment". ....
Hong Kong-based Kahloon will work alongside Corrinne Teo, and will be responsible for driving innovation and growth of Nomura’s solutions business. ....
"After the pandemic, India is being seen as a long-term partner in manufacturing and an appealing investment destination for global corporations. It is one of the few economies that offers a combination of scale and multi-decade growth, driven by growing domestic consumption and infrastructure spends. So the opportunity for overseas businesses for strategic cooperation with India is very appealing," said Masahiro Goto. ....