Asian stocks opened lower on Wednesday after a mixed close on Wall Street following the IMF’s downcast economic outlook, with investors remaining cautious about the impact of inflation. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.87 per cent lower.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.