A crucial week for the US stock rally unfolds with major tech earnings, a likely Federal Reserve rate cut, and escalating US-China trade tensions. Investors are keenly watching corporate results, particularly from tech giants, and the Fed’s forward guidance. A prolonged government shutdown adds to market uncertainty, potentially impacting economic growth and investor sentiment.
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.