Motilal Oswal Financial Services believes regulatory pressures on broking are easing. The firm anticipates renewed growth in the broking sector. Asset management and private equity businesses are performing strongly. Motilal Oswal is raising new funds and expanding its presence in alternative investments. Wealth management shows resilience despite market fluctuations. The company remains optimistic about long-term equity market 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.