Grocery prices for staples like tomatoes, onions, and potatoes are declining due to a high base effect from last year’s production issues. While edible oils have seen a spike, their impact on the overall food plate is limited. Consumers can expect subdued food inflation in the coming months, though rising energy costs and monsoon uncertainties pose potential risks.
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.