Axis Bank aims to go big on acquisition financing

Axis Bank is targeting leadership in acquisition financing. The Reserve Bank of India is expected to allow domestic banks into this segment. Axis Bank’s CEO stated the bank will compete with foreign lenders. Axis Bank is also awaiting RBI’s final…

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Dabur faces short-term sales dip in Q2 on GST cuts

Packaged goods makers Dabur and Hindustan Unilever reported a temporary dip in sales during the September quarter. Consumers delayed purchases anticipating Goods and Services Tax reductions. Distributors also focused on clearing existing higher-priced stock. Dabur expects mid-single digit revenue growth.…

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