Welspun Corp’s shares dipped after US tariffs despite the company’s localized US production, which MD Vipul Mathur believes will benefit them. Fueled by a strong order book and global expansion, the company’s stock has seen significant gains over the past year. Welspun is expanding in Saudi Arabia and India, projecting substantial revenue and operating profit growth by FY26.
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.