Industry
Ambani loses USD5.6 billion after Rupee falls
India's richest man Mukesh Ambani lost a total of 24% of his wealth after the valuation of the rupee decreased.
PMI shows expansion in Germany's private sector
The German private sector showed robust growth in August, according to Markit's PMI survey. The private sector in Germany showed signs of growth. A new survey conducted by financial information services company Markit revealed that the Purchasing Managers' Index (PMI) of Germany's private sector increased to 53.
Animal testing complicates L’Oreal expansion
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
US Unite gets USD2 Million seed funding
Today, Unite US said that it had raised USD2 million in seed funding and plans to launch publicly this fall.