Global investors are uneasy due to Trump’s tariffs, which have sparked fears of a U.S. recession and disrupted markets. The tariffs have hit major trading partners, with significant impact expected from potential retaliations by the EU and China. A crucial U.S. earnings season is approaching, and investors are watching for signs of inflation moderation and economic recovery.
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.