AMFI submitted a 27-point Budget FY27 proposal seeking tax reforms for mutual funds, including ELSS deduction under new regime, restoring indexation for debt funds, equity parity for FoFs, ReITs and InvITs, pension-linked schemes, and measures to deepen markets and savings.
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.