President Trump’s new tariffs have sparked a significant financial crisis, leading to an $8 trillion market value drop, with the Nasdaq falling into a bear market. Economists now warn of a possible recession, with global supply chains disrupted and investor confidence severely shaken.
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.