Beyond India: Vijay Mallya to be Extradited & Johnson & Johnson Shows Will to Pay Compensation
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1. Procter & Gamble looks to serve the people of colour. The FMCG company has acquired California-based startup Walker & Company, which makes beauty and grooming products for African-Americans.
2. After a long battle, Johnson & Johnson shows will to pay compensation. The company will pay over $400 million to settle consumers’ allegations of selling defective artificial hips.
3. Fugitive tycoon Vijay Mallya has been extradited by UK court. The former Kingfisher boss is wanted in India on charges of fraud and money laundering of around INR 9,000 crore.
4. Apple to pump in $1 billion in the new Texas campus. The 133-acre campus will reportedly accommodate 5,000 employees and 15,000 employees initially.
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