European shares closed at over a month’s high, boosted by technology stocks and optimism surrounding a potential Middle East conflict resolution. AI advancements and French government investments in tech also fueled gains. However, rising inflation concerns and a stalled merger deal led to some stock declines.
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.