Bitcoin-hoarding companies are facing steep stock declines as crypto euphoria fades. Once boosted by bitcoin’s record highs, firms like Strategy, Metaplanet, and others now suffer sharp reversals, underscoring the volatility of equity tied to cryptocurrency exposure.
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.