Jayaswal Neco Industries has transformed from near bankruptcy to a financially stronger steel and mining player through debt restructuring, operational improvements and better sector conditions. Rising sales, stronger profitability and steady deleveraging support its outlook, though high promoter pledging and regulatory delays remain key risks for future growth.
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.