A veteran market commentator, Faber earned his moniker after repeatedly warning about the 1987 stock market crash, which eventually came to pass. Since the 1970s, he has been publishing bearish forecasts, initially for personal use, during a time when many Americans were largely unaware of foreign exchange dynamics and the dollar’s valuation against gold and European currencies.
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.