NEWSPAPER

In Tuesday’s opening leg of the Champions League quarterfinals, Paris Saint-Germain defeated Real Sociedad 2-1; Kilian Mbappe’s goal ensured a 4-1 triumph for his team overall. When a player informed the team that he would be leaving at the conclusion of the season, coach Luis Enrique cut down on Mbappe’s playing time in the final weeks. However, the Frenchman has stated that it will be crucial if PSG wins the opening game. In a league 1 match on Tuesday night, Mbappe’s electric play made it difficult for Real Sociedad to defend, and his goals in the 15th and 56th minutes made it difficult for Spain to respond.

He sent his best wishes to Shehbaz Sharif, the Pakistan Muslim League-Nawaz (PML-N) candidate and the country’s newly elected prime minister. Following Shehbaz Sharif’s oath of office as prime minister of Pakistan, Prime Minister Modi congratulated him on his appointment. On Sunday, Shehbaz Sharif received 201 votes in parliament to win a second term as prime minister of Pakistan. The Pakistan Peoples Party (PPP), led by Bilawal Bhutto Zardari, and his party, the PML-N, will form the coalition government.

The head of the PML-N, Nawaz Sharif, proposed his brother, Shehbaz Sharif, to be prime minister, while Sardar Ayaz Sadiq, a devoted member of the party, was named speaker of the national assemblyMaryam Nawaz, the daughter of Nawaz Sharif, will take over as the chief minister of Punjab province as per the agreement between the PML-N and PPP. On February 26, Maryam Nawaz, Nawaz’s political heir, took the oath of office and became the nation’s first female chief minister in any province. Asif Ali Zardari, the PPP’s senior leader, was proposed as Pakistan’s next president in the second section of the agreement.In the February 8 election, the PML-N, led by Sharif, came in second. Although the opposition candidates backed by Pakistan Tehreek-e-Insaf (PTI), the former prime minister Imran Khan, garnered the most seats, they were unable to build a legislative majority.

Nomura India said on Tuesday that value perspectives won’t alter right away as a result of the combination of Tata Motors Limited’s (TTMT) passenger and commercial vehicle (CV) operations. This is because, as they said, CV, JLR, and PV are doing well in India and have promising futures. But Nomura thinks that in the middle run, it’s important to restate the concepts of corporate independence and related ones. Specifically, we think that Tata Motors would be better able to add value to its PV division in the years to come. Since 2020, their PV business has experienced tremendous growth, with market share rising by as much as 13.5 percentage points by 9MFY24. According to Nomura, “we have seen a focus on safety, attractive design, and distinctive vehicles.”We had anticipated that TTMT would have two models ranked in the top three SUVs in India,” Nomura continued. According to foreign brokerage firms, Tata Motors could try to move up to the second spot in India’s PV market by FY25–26F. Despite having larger profit margins, it has been reported that Hyundai Motor India is considering an IPO at a price of $22-28 billion. As of the now, Nomura has maintained its ₹1,057 target price recommendation for Tata Motors.With a 70% market share, Tata Motors is spearheading the country’s attempts to join the EV market. By FY26, the company intends to add 10 EV vehicles to its lineup. By 2030, they want to see 50% of sales come from EVs. “If TTMT’s plans are successful, significant value creation could occur for the company,” Nomura stated. The PV division of Tata Motors has improved, with an EBITA margin of 6.5% as opposed to 9.4% in 3FY24. Overall margins have been negatively impacted by negative EV margins (8.2% loss in Q3). Since EV product development accounts for a sizeable amount of R&D spending, we anticipate EV margin improvement over time. Because of its increased market share and profit, the CV company may witness additional re-rating in the future,” Nomura said.