Bihar election results highlight the impact of cash transfers on voter turnout and electoral success. While markets anticipate a positive reaction to the NDA’s victory, concerns are rising over the fiscal deficit implications of such populist spending. Brokerages note that increased subsidy spending could push states’ fiscal deficits beyond the 3% GDP ceiling.
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.
July 27, 2026