Asian equities are poised to decline, mirroring Wall Street’s downturn, as investors await a crucial US inflation report that could influence the Federal Reserve’s rate cut decisions. Concerns linger about the pace of potential rate reductions amid mixed signals from the labor market and persistent inflation.
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.