Billionaire investor Howard Marks, in his interaction during his Mumbai visit, described the current market cycle as unusual, making it difficult to pinpoint its exact start. He believes that despite a long expansion, the absence of extreme booms has kept major downturns at bay. “This is a very unusual cycle because it’s even hard to know when to date the cycle from,” he said.
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.