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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.
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India's Deepak Fertilisers and Petrochemicals reported a 43.6% fall in third-quarter profit on Thursday, as softer agrochemicals demand and rising input costs squeezed margins.
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The Economic Survey also noted that while private equity and venture capital funding has fuelled the expansion of the microfinance sector, it has also been accompanied by recurring stress, including over-lending and over-indebtedness.
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Chinese property developers are no longer required to report monthly data related to the country's "three red lines" policy, local media said on Thursday, an apparent end to rules which triggered a major debt crisis that continues to this day.
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Brent crude oil topped $70 per barrel Thursday for the first time since September as US President Donald Trump ramped up geopolitical tensions by threatening military strikes on Iran. In London morning deals, international benchmark oil contract Brent North Sea crude jumped 2.4 percent to $70.06 per barrel.
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