Tariff-stunned markets faced turmoil with Trump’s tariffs shaking global asset prices. The S&P 500 recorded its biggest weekly drop since March 2020, while the Nasdaq Composite entered a bear market. Investors fear a global recession, with the U.S.-China trade battle escalating. Upcoming earnings reports and inflation data may further influence market outlook amid uncertainties.
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.