Mahindra Holidays and Resorts India reported a 94% plunge in third-quarter profit on Thursday, dragged by a one-time charge following the roll-out of India’s new labour codes and slower membership growth.
The Indian rupee faces potential weakening to 94 against the US dollar by mid-2026 due to rising oil prices and a widening current account deficit.
Indian markets are experiencing a temporary disruption, not a fundamental shift. Bajaj Finserv AMC’s Nimesh Chandan sees this as a chance to buy good companies
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