Asian stocks displayed mixed performance following weak US services data, creating uncertainty about the Federal Reserve’s policy. Investors are anxious about the Fed’s next move, as economic data complicates balancing inflation control and sustaining growth. Chinese markets will be in focus amid trade deal hopes.
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.