GST rate cuts have boosted Indian auto demand, particularly entry-level vehicles and two-wheelers, while festive momentum, exports, and improved OEM fundamentals support cautious investor optimism amid temporary incentives.
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.