Investors face market jitters following the US government shutdown, with economic data gaps casting doubt on Federal Reserve rate cuts. Soaring AI stock valuations are also under pressure, leading to a sell-off. Markets remain uncertain as crucial economic indicators are delayed, prompting a cautious outlook for interest rate decisions.
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.