The country’s largest lender State Bank of India on Saturday (SBI) reported a 6.7% drop in standalone profit after tax to ₹6,068 crore for the June quarter after it booked ₹6,549 crore MTM losses on its investment book. Its operating profit dropped to ₹12,753 crore in the April-June period from ₹18,975 crore in the year earlier, dented by MTM losses.
S&P 500 loses $2.4 trillion in market value, biggest one-day loss since 2020
The S&P 500 ended down almost 5% after U.S. President Donald Trump’s sweeping tariffs ignited fears of an all-out trade war and a global economic