Top headlines: Sep services growth at 6-month low; Dabur flags margin hit

Dabur India flags up to 200 bps margin hit in Q2 as inflation bites

Consumer goods major Dabur India on Thursday warned that soaring inflation during the second quarter could lower its operating margin by around 150-200 basis points year-on-year, while revenue likely grew in mid-single digits.

"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing. Read more

Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand

Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid