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Hyperpure chief Rakesh Ranjan talks to Moneycontrol about the challenges in the business, growth levers, and the road ahead

Saudi appoints female new head of its human rights watchdog: state media

Saudi King Salman bin Abdulaziz issued a royal decree on Thursday appointing Hala al-Tuwaijiri as the new head.

Status Quo Policy: Withdrawal limit restriction may go beyond Dec, say experts

Both V Srinivasan of Axis Bank and Ashish Parthasarthy of HDFC Bank agree that the withdrawal limit could extend beyond December 30 because the limit depends on the availability of currency.

Rupee to feel ripple effect along with global currencies: StanC

If there is a Brexit, then the global confidence is sure to be shattered with questions on growth being asked and there will be ramifications which will take a long time to play out, said Ananth Narayan, Head, Financial Markets, Standard Chartered Bank.

Marico appoints new chief of strategy, M&A and new biz

Prior to joining Marico, Pankaj worked as a partner with Bain & Company's South-East Asia (SEA) and Head of Bain's Consumer Products and Retail, and Healthcare Practices.

Warning: EM bounce will be short-lived

The US central bank on Thursday held off on raising rates amid heightened "uncertainties abroad," including China's economic weakness as well as sluggish inflation at home. A rate hike would have ended a nearly 7-year-old zero interest rate policy.

Audi launches new A6 35 TFSI priced at Rs 45.90 lakh

"The new Audi A6 Matrix, the new Audi A6 35 TFSI takes our success in the executive sedan segment a notch higher. The new 1.8 L turbocharged engine which is 200cc smaller than the outgoing engine offers a unique combination of power and also efficiency at the same time," Audi India Head Joe King said.

China's defends devaluation, sees 'limited' impact

State news agency Xinhua quoted an unnamed Commerce Ministry spokesman as saying the devaluation will have "limited impact" on the country's foreign trade.

Ola offers online payment facility for multiple merchants

This move will allow Ola users, who maintain a significant balance in their Ola Money accounts, to pay conveniently on a wide range of leading e-commerce platforms, Ola said in a statement.

Google's Pichai climbed with low-key style, tech skills

As part of a major overhaul of its operating structure, Google said on Monday it was creating a new holding company called Alphabet. Google co-founder Larry Page will step down as Google's chief and Pichai was appointed as head of a "slimmed-down" version of the company.

Swiss banks step up battle for Asia's super-rich

Switzerland's wealth managers have long courted Asia's super-rich amid slowing growth at home and an international crackdown on its bank secrecy rules that has made the country a less attractive place to keep cash.

Siemens exec says pricing pressures high in turbine market

Siemens signed an 8 billion euro (USD 8.8 billion) deal to supply gas and wind power plants to Egypt in June, boosting a division which is struggling at home.

India has progress in reducing open defecation rates: UN

The Joint Monitoring Programme report, "Progress on Sanitation and Drinking Water: 2015 Update and MDG Assessment" released said one in every three or 2.4 billion people on the planet are still without sanitation facilities, including 946 million people who defecate in the open.

Edelweiss raises $205 mn for secured lending fund

Edelweiss Alternative Asset Advisors has announced the first closing of Singapore-based EW Special Opportunities Fund II (ESOF-II) at USD 205 million, a statement said.

Sepp Blatter could remain as FIFA head, adviser tells Sky

Klaus Stoehlker, who advised Blatter during the recent election campaign, said Blatter could remain head of world soccer's governing body if a "convincing candidate" to replace him did not emerge.

Prefer China over India, US to draw capital now: Goetti

Athough corporate profits are growing, Hans Goetti, Head of Investment-Asia, Banque Internationale, continues to prefer China over India because of host of reasons.

Tata Motors unveils Prima range in Bangladesh

Tata Motors, India's largest automobile company with consolidated revenues of Rs 2,32,834 crore in 2013-14, has already launched the Prima range in various countries, including Kenya, Oman, the UAE and Qatar.

WalMart eyes Amazon in potentially costly e-commerce battle

Online revenues grew 17 percent globally in the first quarter ended April 30, against a slight drop in overall sales. However, investments in e-commerce shaved 2 cents off the retailer's earnings per share, equal to the cost impact in the quarter of its move to raise wages for entry level workers across the US.

KV Kamath appointed BRICS bank president

Kamath who will have a five year term of the bank, which is likely to be operationalised within one year, is also the Chairman of the India's largest private sector bank ICICI.

Galaxy S6 models to set new shipments record: Samsung

The new S6 models, which go on sale in 20 countries on Friday, are expected to sell briskly following a string of positive reviews, boosting hopes for an earnings recovery in 2015.

Global Fashion Group hires ex-Amazon.com exec as CEO

The company, which is to be based in London, operates online fashion sites in countries which typically lack reliable transport delivery networks on which modern e-commerce depends.

Goldman Sachs on oil: US needs to cut, not OPEC

Michele Della Vigna, head of European energy research at Goldman Sachs, said non-OPEC oil producers had created the oversupply in the market which has weighed on prices.

India-Aus FTA will create immense business opportunities

Bilateral trade between Australia and India has been pegged at Australian dollars (AUD) 15 billion and the two sides have set a target to lift it to AUD 50 billion.

See 40-50% upside in Phillips Carbon: Aashish Tater

See 40-50% upside in Phillips Carbon Black, says Aashish Tater, Head of Research, Fortunewizard.com.