Nomura said India’s EV adoption is nearing an inflection point amid rising fuel prices and supportive policies. The brokerage identified six stocks, including M&M, TVS Motor and UNO Minda, as key beneficiaries of accelerating electric vehicle demand across passenger and two-wheeler segments.
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.