In Brief

Adani drops 20% stake in Wilmar JV

New Delhi: Adani Group has sold a 20 per cent stake in AWL Agri Business Ltd to Wilmar International, Singapore, for Rs 7,150 crore, as part of its decision to exit the FMCG business and focus on the infrastructure vertical.

Axis Bank Q1 profit slips 3% to Rs 6K cr

Mumbai: Axis Bank reported a 3 per cent dip in its June quarter consolidated net profit at Rs 6,243.72 crore, impacted by the implementation of changes in non-performing assets policy.

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