VC Daily: Medallia IPO; Didi Seeks $2 Billion; Car-Sharing Startup Turo Gets Cash

To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.When Medallia Inc.

F.T.C. Approves Facebook Fine of About $5 Billion

In addition to the fine, Facebook agreed to more comprehensive oversight of how it handles user data, according to the people.The 3-to-2 vote, taken in secret this week, drew the dissent of the two Democrats on the commission because they sought stricter limits on the company, the people said.

Americans slashed their charitable deductions by $54 billion after Trump’s tax overhaul


Personal finance reporter

New data on Americans’ tax returns adds to the growing body of evidence that charities are taking a hit as a result of Trump’s overhaul of the tax system — and it could be worse than some predicted.” The TCJA doubled the standard deduction — the amount taxpayers are allowed to subtract from their taxable income to reduce their tax bill.

Tata settles $7.3 billion of dues to complete sale of mobile business

and Tata Teleservices (Maharashtra).By Baiju Kalesh and P R Sanjai

India’s Tata Group paid lenders and the government about Rs 500 billion ($7.

How Supreme Got Pulled Into a Fight for Its Billion-Dollar Brand

Michele di Pierro, who started the rogue version of the brand in Europe, has filed trademarks for variations of the Supreme logo in dozens of countries since 2015, forcing the U.Products of the American clothing brand Supreme on display at the KICKIT Sneaker e Streetwear Market in Rome in September.

Buy Low-Tops, Sell High-Tops: StockX Sneaker Exchange Is Worth $1 Billion

ImageStockX grew out of Campless, a website that tracked sneaker resale prices on eBay.“Platforms like StockX made it into a business.

Reliance raises USD 1.85 billion in long-term loan

19 PM ISTBCCLIn a separate filing on a report that the company is under government lens for alleged diversion of Rs 1,700 crore CSR fund.NEW DELHI: Oil-to-telecom conglomerate Reliance Industries (RIL) Tuesday said it has signed pacts with overseas lenders to avail long-term loans of USD 1.

Vedanta’s $10 billion LCD project may fall flat

The ministry of electronics and IT had turned down the application for subsidies because it didn’t meet conditions, they said.In a communication to Twin Star in March 2019, the ministry had said it would not process the subsidy request.

Eldorado Resorts to Merge With Caesars in $17 Billion Casino Deal

Business|Eldorado Resorts to Merge With Caesars in $17 Billion Casino DealImageCaesars Palace in Las Vegas in 2015.CreditCreditJohn Locher/Associated PressThe casino operator Eldorado Resorts has agreed to merge with Caesars Entertainment in a $17.

California Wildfire Fund Would Put Aside $21 Billion for Damage Claims

The key element, the administration said, was a $21 billion fund financed by utility investors and ratepayers to help settle claims arising from wildfire disasters.Half of the $21 billion wildfire fund would be covered by the utilities; the other half would be financed by bonds paid off by utility ratepayers.

UnitedHealth Agrees to Buy Payments Firm Equian for $3.2 Billion


Jim Mone/Associated Press

Updated June 20, 2019 7:00 pm ET

UnitedHealth Group

has agreed to buy health-care payments firm Equian LLC from its private-equity owner for about $3.

Indian Pharma industry aspiring to grow to $120-130 billion by 2030: IPA

The report is based on a research collaboration with McKinsey & Co and inputs from the IPA members and industry leaders, IPA said in a statement.NEW DELHI: The Indian pharmaceutical industry is aspiring to touch USD 120-130 billion by 2030 from the current USD 38 billion, industry body Indian Pharmaceutical Alliance (IPA) said on Wednesday.

Google Pledges to Invest $1 Billion to Ease Bay Area Housing Crisis

On Tuesday, it pledged to invest $1 billion in land and money to build homes.In January, Microsoft announced that it would allocate $500 million to help provide affordable housing in the Seattle area.

Broadcom to Take $2 Billion Hit From Huawei Ban


Broadcom customers—largely equipment manufacturers to which it supplies parts—were already being more careful about their purchases in early May before the Huawei ban, which only deepened their caution, Mr.The $2 billion reduction in revenue guidance reflected Huawei as well as bigger fears among customers about the future, he said.

Alibaba Group files for Hong Kong listing to raise $20 billion

The online emporium filed a stock listing application with the exchange this week without the need for financial disclosures.38 PM ISTReutersIf Alibaba raises $20 billion, it will be one of Hong Kong's largest ever share sales.

Jeff Bezos is ‘proud’ of ex-wife’s pledge to give away over half of her $35 billion fortune: ‘Go get ’em MacKenzie’


  founder and CEO Jeff Bezos, has promised to give away more than half of her fortune, saying she has a “disproportionate amount of money to share.People who sign The Giving Pledge promise to give more than half their money to charities and philanthropic causes either during their lifetime or in their wills.

Google to Acquire Data Analytics Firm Looker for $2.6 Billion

Despite new initiatives from Google and Facebook, messing with privacy controls is like playing a carnival game.Knock out one way for advertisers to track you, and they quickly find another way to do it.

Uber Cites Tight Competition After Posting $1 Billion Loss


executives sought to reassure investors about its growth as an onslaught of competition from ride-hailing and delivery rivals led to a $1 billion loss in the first quarter.Investors have questioned whether Uber can tame its losses amid tight competition from cash-infused companies pushing deals to woo riders and drivers.

TATA moters: Jaguar, where'd that extra $1 billion come from?

4 billion pounds of free cash flow ($1.7 billion pounds over the last nine months alone.

PE Daily: Carlyle Loses U.K. Executive | Abraaj Founder Pays Bail | Warburg Seeks $4.25 Billion for Asia

To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.and their limited partners got back to work after the holiday weekend, busy with new funds and new deals.