Global stock markets fell on Friday. Wall Street ended the week with little change. U.S. Treasury yields rose. Federal Reserve officials signaled no December interest rate cut. This impacted investor sentiment. Asian and European markets closed lower. U.S. markets saw some recovery. Oil prices increased due to supply concerns. Gold prices declined.
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.