This week, the Indian stock markets celebrated a bright finish with significant upward momentum, driven primarily by technology and pharmaceutical shares. Positive indicators from the US economy and impressive earnings from local firms instilled a sense of confidence among investors. The recent favorable outcomes from an important state election further amplified the optimistic mood.
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.