Global markets opened subdued as investors adopted a cautious stance. US equity futures edged lower, mirroring a lackluster Wall Street session. Investors are keenly awaiting economic data and Federal Reserve policy signals. The yen weakened against the dollar, prompting warnings from Japanese authorities. Oil prices extended their decline. Attention is also on the US government shutdown’s resolution.
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.