FMCG companies wake up to a million Indias

“Step back and compare South Mumbai to suburban Mumbai,” said HUL CFO Srinivas Phatak, “there’s a fundamental transformation in the profile of consumers.“Different states are growing differently from a GDP perspective, or in terms of infrastructure and agriculture,” said HUL executive director (home care) Priya Nair.

Jeffrey Epstein’s $6.5 million donation to Harvard University under new scrutiny after sex trafficking arrest


Personal finance reporter

The arrest of billionaire Jeffrey Epstein on sex trafficking charges has renewed questions on whether Harvard University should give back millions he donated to the school more than a decade ago.When Epstein was first charged in 2006, a Harvard spokesman said the school would keep $6.

ZMC Aims for $750 Million in Launching Third Fund

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Zelnick Media Capital, founded by industry executive Strauss Zelnick, would nearly double its assets under management if successful

July 12, 2019 3:34 pm ET

Zelnick Media Capital, a firm that invests in the media and communications sector, is targeting $750 million for its newest fund, according to a filing with the Securities and Exchange Commission.

Axis Bank eyes bigger credit card pie, eyes 1 million new sales

The new co-branded card comes weeks after American lender Citi launched a similar offering by tying up with payments major Paytm.Axis Bank, the fourth largest credit card issuer in the country, Thursday tied up with e- commerce major Flipkart to launch a co-branded credit card and is aiming to sell 1 million of the new card in a year.

Amazon eyes 4 million square foot work space in Bengaluru

com is set to pick up more than 4 million square feet (m sq ft) of built-to-suit office space in Bengaluru, in what is being billed as the largest single office space transaction in India in terms of area.“The request for proposal (RFP) has been floated for 5 m sq ft, but the office part of it will be 4 m sft.

JSW Steel's crude steel output grows 3 per cent to 4.24 million tonne in Jun quarter

The Sajjan Jindal-led company had produced 4.05 MT, up 12 per cent from 0.

Boeing Pledges $100 Million to Families, Communities Hurt by 737 MAX Crashes

An initial probe into the crash of the Ethiopian Airlines Boeing 737 MAX 8 found that the pilots followed emergency procedures.Investigators went on to recommend that the MAX fleet stay grounded until authorities validate changes that Boeing has made to the aircraft.

Boeing Pledges $100 Million to Those Affected by 737 Max Crashes

Business|Boeing Pledges $100 Million to Those Affected by 737 Max CrashesImageRelatives of some of the victims of Boeing airliner crashes gathered for a meeting of the House Transportation and Infrastructure Committee in Washington in May.CreditCreditAmr Alfiky for The New York TimesBoeing said on Wednesday that it would allocate $100 million to help the families and communities affected by the recent crashes of two of its 737 Max jets.

Digital Health Startup Livongo Files for $200 Million Public Offering

From Uber to Lyft to Airbnb, it's the year of the tech initial public offering.Illustration: Timothy Wong for The Wall Street Journal.

Cannabis Startup Raises $100 Million With Eyes on Expansion

To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.has secured $100 million from undisclosed private investors, providing fuel to the company’s planned acquisitions, strategic partnerships and hiring sprees.

Merrill Lynch Commodities to Pay $25 Million to Resolve Government Investigation

will pay $25 million to resolve a government investigation looking into a “multiyear scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the Commodity Exchange Inc.”

The Justice Department said between 2008 and 2014 some Merrill Lynch precious metals traders placed fraudulent orders to “manipulate the market by creating the false impression of increased supply or demand.

Hyundai wants to make a million cars in India

Maruti Suzuki — which accounts for one out of every two cars sold locally — produced 1.86 million units in the last financial year.

Piramal Capital looks to raise $400 million via offshore loan

MUMBAI: Piramal Capital and Housing Finance is looking to raise as much as $400 million through external commercial borrowings (ECBs) and ease liquidity pressure as domestic lenders are hesitant to lend to the sector, said two bankers familiar with the matter.Typically, such debt has a markup or spread of 200-300 basis points over the dollar-linked London Interbank Offered Rate (Libor), dealers said, citing past deals.

Educational technology companies: ‘Educational technology companies to draw in $500 million in 2019’

Experts say that market for online learning is untapped and has room for the likes of Byju’s, Toppr to scale up.02 AM ISTBCCLRepresentative ImageNEW DELHI: Educational technology companies are likely to attract $500 million in venture capital and private equity funding this year, experts say, as the untapped market for online learning gives enough room for these companies to scale up.

Navistar To Invest $125 Million In Huntsville, Alabama

The commercial trucks and bus manufacturer’s investment will bring 145 additional jobs to the company’s Huntsville facility.(Source: Navistar)Navistar, which already manufactures International® brand diesel engines in Huntsville, plans to make the new investments over the next three years.

Seeking $2.1 Million After College Chain’s Collapse (to Repay Its Guardian, Not Students)

ImageMore than two dozen Argosy University and Art Institute campuses in the Dream Center Education Holdings chain were shut down in March.1 million in legal fees and expenses, which would consume nearly half the cash that Dream Center had on hand as of last month.

Foreign PE funds pump in $200 million into logistics in Bengaluru, Chennai, Pune

The logistics sector had a massive jump-start in the first quarter of 2019 when private equity players like Morgan Stanley, Warburg Pincus and LOGOS India pumped in nearly $200 million into cities like Bengaluru, Chennai and Pune.1billion in logistics and warehousing sectors between Q1 2017 and Q1 2019 as against zero investments during 2015 and 2016 combined,” said Anarock Research.

Ramco Cements targets 20 million tonnes capacity by 2020

The company has invested Rs 3500 crore in the capacity expansion of existing plants and setting up new hoping to become the top cement company in South India by increasing its capacity to 20 million tonnes in 2020 from the present 12.

Ivanka Trump and Jared Kushner Report Up to $135 Million in 2018 Income

Business|Ivanka Trump and Jared Kushner Report Up to $135 Million in 2018 IncomeImageIvanka Trump and Jared Kushner reported an income range of $29 million to $135 million for 2018, down from a range of $82 million to $222 million in 2017.CreditCreditToby Melville/Agence France-Presse — Getty ImagesIn their second year of government service, Ivanka Trump and Jared Kushner reported income from their companies and investments of as much as $135 million, according to their annual financial disclosure reports made public on Friday.

IBM to Pay Nearly $15 Million for Issues Tied to Maryland’s Health Exchange

8 million to settle allegations regarding misrepresentations made about software capabilities and other technical issues that hurt the Maryland online health exchange.8 million to settle allegations regarding misrepresentations made about software capabilities and other technical issues that hurt the Maryland online health exchange.