India’s new labor code, effective November 21, imposes a new cost burden on food delivery giants Swiggy and Eternal, potentially impacting margins by up to 70 basis points. The regulation mandates contributions to a social security fund for gig workers, leading to an estimated financial hit for both companies and potential stock volatility as investors assess the impact.
PSU banks still have room to run, but selectivity is key: Mayuresh Joshi
PSU banks are poised for continued growth, with market participants confident the rally is far from over despite near-term challenges. Valuations remain attractive, and improved
December 16, 2025