Business
H-1B Visa, Anyone?
11,000 H-1B visas still remain available this year, according to the figures released by the US Citizenship and Immigration Services (USCIS). The annual cap of
Asia’s First Tidal Power Plant
Gujarat is set to build Asia’s first tidal power project off the Gulf of Kutch. The mega marine power project by U.K.’s Atlantis Resources andIndia’s Exports Boom
India’s merchandise exports rose 26.7% in the April-November semi annual period to $140.3 billion from a year earlier, putting the country on course to exceedMasala
India is the world’s fifth largest coffee exporter and Starbucks will begin by sourcing coffee beans from Tata Coffee.
Taking Stock
Foreign investors pulled more than $1 billion from the Indian stock market in January as the Bombay Stock Exchange lost nearly 10 percent of its
Securities Board Fines Anil Ambani
Ambani, Satish Seth, S.C. Gupta, Lalit Jalan and J P Chalsani are accused by the SEBI of misrepresenting investments and annual reports from 2007 to 2009.
We Wanted to Reach Millions
Slideshare is considered the YouTube of Powerpoint presentations.
Capital Plight: What Drives Corruption In India?
Just 20% of people in India would be honest, regardless of the temptations, according to a former Central Vigilance Commissioner.
$1.9 Million Wrongful Hire
A federal jury this month has awarded a former Seagate Technology engineer $1.9 million in a wrongful employment case. Chandramouli Vaidyanathan claimed in his lawsuit
India, China Bolster U.S. Trade
The Obama Administration has set an ambitious goal to double exports over the next five years
$2 Billion Gift
Premji is the third richest Indian with an estimated net worth of more than $17 billion.
$462 Billion Heist
These “illicit financial flows,” says GFI, “were generally the product of corruption, bribery and kickbacks, criminal activities and efforts to shelter wealth from a country’s tax authorities.”
Hedge Fund Manager Fined by SEC for Concealing $14 Million in Trading Losses
Opulent Lite Manager Neil Godbole is barred from the securities industry for defrauding investors.
Offshoring Companies Take Political Hit
Democrats are denouncing the U.S. Chamber of Commerce’s political advertising campaign this election season for being funded by foreigners. A progressive policy group ThinkProgress has
Reliance Raises $1.5B in Bonds
Reliance Industries’ U.S. subsidiary, Reliance Holding USA Inc., has raised $1.5 billion in bonds in India’s largest-ever corporate bond sale. The offer was nearly 7.8
Sales rise 50% in India
Strong demand in India and China led to a 40 percent growth in sales in Asia-Pacific and Africa in the first three quarters for Ford
Foreign Investors
Lured by a booming stock market, foreign investors have poured $28.5 billion into Indian stocks in the first nine months of this year, more than
Indian Hunger
The Food Policy Institute has ranked India at the near bottom of its Global Hunger Index, accounting for almost 42 percent of the world’s underweight
29 Million Cigarettes
Ghalib Shahjamaluddin, 43, is charged with paying an undercover investigator $4.3 million.
U.S. Partner Sues Mahindra
Global Vehicles USA is suing Mahindra for terminating its contract in June after it spurned a takeover offer.
India Hikes Interest Rates
India’s central bank raised a key interest rate for its short term loans to banks for the fifth time this year, signaling its intentions to
Tech Innovators
Three Indian entrepreneurs delivering high speed wireless internet services, educational farming videos and interfaces for the illiterate are among 35 innovators “who exemplify the spirit
Hi Tech Mahabharata
Morrison says, “All technology should consider embracing some of this retro-Indian-steam punk aesthetic.”
NRI Taxation
A new bill pending in India’s parliament proposes to tax NRIs on their global income if they spend more than 60 days in a year
Suzuki Plans Third Auto Plant
Suzuki is planning a third vehicle plant with annual production capacity of 250,000 in India to meet exploding demand. Suzuki holds a controlling 54 percent stake
$2.6 Billion Tax Bill For Vodafone
An Indian court has assessed $2.6 billion in taxes for Vodafone’s 2007 acquisition of one of India’s largest mobile phone companies.The Bombay High Court
Japan, India Plan Free Trade Agreement
Japan and India plan to sign a free trade pact that will scrap tariffs on 94 percent of traded goods over the next decade.The agreement
Sahara Group Bidding for MGM
The iconic studio with a roaring lion logo is struggling with its $4 billion debt.
India’s Online Booksellers Try to Write a New Chapter
I think online retail is as challenging a deal as changing people’s breakfast habits to accept cold breakfast
Immigration Reprieve
Yves Gomes’ case has been highlighted by pro-organization groups to illustrate the unfairness of U.S. immigration policy.
Room With a Due
Eight five-star hotels in New Delhi are behind almost $120 million in rental payments to the government, according to an investigation by Tehelka magazine
Racist Rant
Mike Pompeo said the link was mistakenly posted on the Pompeo for Congress website and then tweeted.
World’s 2nd biggest Spammer
India accounts for nearly 1 in 8 spams worldwide, making it the world’s second biggest spammer, behind the U.S., which accounts for almost a quarter
Soros Buys Into Bombay Stock Exchange
Billionaire George Soros’ Quantum hedge fund has purchased a 4 percent stake in the Bombay Stock Exchange for $32 million. The deal values Asia’s oldest exchange,
India Blocks Vedanta Mining Project
Citing human rights and environmental violations, India’s environment ministry has barred Vedanta Resources, led by Indian billionaire Anil Agarwal, from mining bauxite for its alumina
Srinivasan Leaving Yahoo!
Yahoo’s editor-in chief Srinija Srinivasan is leaving the company she helped found to focus on jazz. Srinivasan, 38, who joined Yahoo in 1995 as its fifth
CBS Ambani Network
Both companies will have a 50 percent stake in the network.
Visa Fee Hikes
A new law raises the fees for H1B and L1 visas by almost $2,000 for companies over half of whose employees use work visas.
Opulent Loss
As two Bay Area hedge funds melt down, nearly 100 Indian investors sue former Navin Mail CEO & Founder Vishwas Godbole and his children for orchestrating a $20 million fraud.
Opulent Loss
As two Bay Area hedge funds melt down, nearly 100 Indian investors sue former Navin Mail CEO & Founder Vishwas Godbole and his children for orchestrating a $20 million fraud.
Resume Padding
Three clinical trials based on their work have been halted after questions were raised by scientists who failed to replicate their results.
India Targets Double Digit Growth
India expects to register a 8.5 percent growth in the current 2010-2011 year and is aiming to touch double digits in 2010, according to Finance
Bribing Indian Companies
A California valve company bribed officials at Bharat Heavy Electricals Ltd (BHEL), Maharashtra State Electricity Board (MSEB), Haryana State Electricity Board (HSEB), National Thermal Power
