UPDATE 1-Market Chatter-Corporate finance press digest
(Adds item on TPG, HDFC Property Fund and Honda Motor)
Dec 17 (Reuters) - The following corporate finance-related stories were reported by media:
* The growth arm of private equity firm TPG has made an investment in non-toxic beauty company Beautycounter, according to a person familiar with the matter, who said an announcement is expected on Wednesday.
* HDFC Property Fund, set up by Housing Development Finance Corp Ltd, India's biggest mortgage lender, plans to raise a $500 million fund to invest in residential real estate projects, said people directly involved in the process.
* Honda Motor Co was so concerned by mounting recalls for Takata air bags, and frustrated by its supplier's failure to explain why some have exploded, killing five people with shrapnel, that it bought used and scrapped cars in Japan to conduct its own tests, according to two senior Honda insiders.