Reliance Retail ranks 53rd in the list of Global Powers of Retailing by Deloitte, improves from 56th earlier. It remains the 2nd fastest growing retailer in the world despite the base effect of being No.1 last year. Reliance Retail features consecutively for the 4th time […]
A comprehensive overview of the Telemedicine market is recently added by UnivDatos Market Insights to its humongous database. The Telemedicine market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of […]
Indian students will be the major beneficiaries of Canada’s new one-time immigration program which opened for applications last week. Under the program, over 90,000 international students and temporary essential workers, already in Canada, will be given permanent residence (PR). Under it, 40,000 international students, 30,000 […]
Mortgage rates fell slightly this week, marking their third straight week below 3% amid signs of the recovering economy’s strength. Mortgage buyer Freddie Mac reported Thursday that the average for the benchmark 30-year home-loan rate eased to 2.96% from 2.98% last week. At this time […]
Roivant Sciences, a biopharmaceutical and healthcare technology company, and Montes Archimedes Acquisition Corp. (Nasdaq: MAAC), a special purpose acquisition company sponsored by Patient Square Capital, today announced that they have entered into a definitive business combination agreement. Upon closing of the transaction, outstanding shares and […]
Pope Francis has issued a decree aimed at financial transparency in the church, requiring a strict limit on the value of gifts that cardinals and managers can receive and requiring them to disclose their investments to ensure they are in line with Catholic doctrine. The […]
UNITED NATIONS, Apr 26 2021 (IPS) - The United Nations– which is desperately seeking funds to help developing nations battling a staggering array of socio-economic problems, including extreme poverty, hunger, economic inequalities and environmental hazards– has continued to be one of the strongest advocates of […]
After delaying the opening of the 2019 EEO-1 Component 1 Data Collection on May 8, 2020 in light of the COVID-19 public health emergency, the U.S. Equal Employment Opportunity Commission (EEOC) announced today that the 2019 and 2020 EEO-1 Component 1 data collection is now […]
"Help is here and hope is here -- and things are looking up. Schools are reopening. Businesses are reopening. Grandparents are seeing their grandchildren in person. We are delivering real, real relief:" Said Kmala Harris Kamala Harris delivered her first extended economic speech since becoming […]
The Indian American community is deeply saddened to share that at least four Sikhs are among those killed late Thursday night when a gunman stormed a FedEx facility in Indianapolis known to have a large Sikh workforce. The deadly mass shooting last week at a […]
Bitcoin (BTC-USD) is experiencing a massive sell-off, shedding almost 15% in the last 24 hours — the biggest intraday drop since February. The drop appears to coincide with reports that the US Treasury is planning to tackle financial institutions for money laundering carried out through […]
Beyond roads and bridges, President Joe Biden is trying to redefine infrastructure not just as an investment in America the place, but in its workers, families and people. Beyond roads and bridges, President Joe Biden is trying to redefine infrastructure not just as an investment […]
Laxmi, the oldest and most well-loved South Asian brand in North America, has announced that Bollywood Superstar and Fitness Icon Shilpa Shetty Kundra is its New Face. Unveiling its latest campaign and vision for the North America market, Laxmi, the oldest and most well-loved South […]
The International Monetary Fund has long favored adoption of a global minimum tax on corporate profits, the Fund’s chief economist, Gita Gopinath, told reporters, calling tax avoidance a troubling issue for the global economy. Gopinath said current disparities in national corporate tax rates had triggered […]
India did not cause the climate crisis but it cannot be solved without that nation’s help, United States Climate Envoy John Kerry, who is visiting India this week for climate talks, is reported to be telling New Delhi. As one of the world’s largest economies […]
Aerospace major Boeing expects demand for more than 2,200 new jets valued at nearly $320 billion over the next 20 years in India. In its annual Commercial Market Outlook (CMO), Boeing anticipates resilient long-term demand for commercial airplanes and services. The CMO cited that Covid-19 […]
India’s market regulator fined Reliance Industries Chairman Mukesh Ambani and others 250 million rupees ($3.36 million) last week over irregularities in a two-decade-old share issue in the company. India’s market regulator fined Reliance Industries chairman Mukesh Ambani and others Rs 25 crore ($3.36 million) on […]
WASHINGTON—U.S. Citizenship and Immigration Services today announced that F-1 students seeking optional practical training (OPT) can now file Form I-765, Application for Employment Authorization, online if they are filing under one of these categories: (c)(3)(A) – Pre-Completion OPT; (c)(3)(B) – Post-Completion OPT; and (c)(3)(C) – […]
The Governor of South Carolina, Henry McMaster declared March 24 as the “IAICC-South Carolina Chapter Day,” in a proclamation, at the inauguration of the IAICC South Carolina Chapter on March 24 at the Governor’s Mansion in Columbia, South Carolina. Governor McMaster presented the proclamation to […]
Union minister Nitin Gadkari said on Friday that India holds the world record for fastest road construction. "We made three world records in March. India now holds world record for fastest road construction. We made it to Guinness World Records by building a 2.5 km […]
A strengthening US dollar as well as rising bond yields depreciated the Indian rupee to a month’s low level. The rupee closed at 73.38 per dollar, down from 72.51 on Friday. The broad strength in the dollar has hit almost all emerging market currencies, while […]
The United States Trade Representative has announced initiation of investigation against the taxation on digital services adopted or under consideration by countries including the equalization levy applied by India. The other counties under investigation included Italy, Turkey, UK, Spain and Austria. A statement from the […]
President Biden has unveiled a sprawling, ambitious infrastructure proposal that, if enacted, would overhaul how Americans get from Point A to Point B, how their electricity is generated, the speed of their Internet connections, the quality of their water and the physical makeup of their […]
The World Bank has scaled up its projections for India's economic growth by a massive 4.7 percentage points to 10.1 per cent for 2021-22 due to strong rebound in private consumption and investment growth. The Bank had pegged the GDP growth at 5.4 per cent […]
AAHOA President & CEO Cecil P. Staton issued the following statement in response to new guidelines issued by the Centers for Disease Control and Prevention (CDC) that greenlight fully vaccinated people to resume travel. Over 100 million Americans have had at least one dose of […]
The US Dollar’s share of global currency reserves dropped in the fourth quarter to around 59%, the lowest in 25 years, according to International Monetary Fund data. The slide came in a quarter when a gauge of the greenback fell the most since 2010, and […]
(IPS) - COVID-19 has set back the uneven progress of recent decades, directly causing more than two million deaths. The slowdown, due to the pandemic and policy responses, has pushed hundreds of millions more into poverty, hunger and worse, also deepening many inequalities. The outlook […]
The COVID-19 pandemic has changed life as we know it, severely affecting businesses across various industries. While some were able to survive with a shift to online sales and services, not every sector was as fortunate. One of the most affected industries was tourism, and […]
The colossal cargo ship that became stuck on the banks of Egypt's Suez Canal last week, blocking traffic through the crucial waterway, was finally freed from the shoreline by engineers on Monday afternoon. The so-called Ever Given, a 224,000-ton, 1,300-foot-long container ship registered in Panama, […]
(Chicago, IL: March 23, 2021) “AAPI wants to express our deep concerns and anguish about the violence the nation has witnessed against people of Asian origin,” Dr. Sudhakar Jonnalagadda, President of American Association of Physicians of India Origin (AAPI) said here today. In a statement issued […]
(Stamford, CT: March 26, 2021) COVID has impacted all aspects of our lives, and every community in the US and around the world has suffered immense losses due to the deadly virus, taking a toll on our emotional, physical and economic wellbeing. Indian American businesses, […]
The decline in travel due to COVID-19 has devastated our economy and torn at the very fabric of our society. Our economy suffered shocking impact—nearly $500 billion in lost travel spending, resulting in $64 billion in missed federal, state, and local tax revenue since the beginning […]
The $1.9 trillion COVID-19 relief package is being hailed as a generational expansion of the social safety net, providing food and housing, health care and is a broad-based attack on the cycle of poverty. With more than $6 billion for food security-related programs, more […]
The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday, March 14th unveiled ‘India FinTech: A USD 100 Billion Opportunity’ report. The report details the findings from the study that BCG and FICCI undertook to size the value-creation […]
Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the Covid-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest Bloomberg Billionaires Index. The Bloomberg Billionaires Index showed that so far in 2021, Adani has […]
While 2020 was a grim year for countless businesses across the world, strangely, it was also a time when India added new billionaires to its list. In fact, India now stands third in the number of Indian-origin billionaires after China and the US. The COVID-induced […]
Americans who purchased new homes or refinanced their mortgages over the past few months may have done so at just the right moment. The average rate on a 30-year fixed-rate mortgage rose to 3.02%, mortgage-finance giant Freddie Mac said Thursday. It is the first time the rate […]
On a road into New Delhi, countless cars a day speed over tones of plastic bags, bottle tops and discarded polystyrene cups. In a single kilometer, a driver covers one ton of plastic waste. But far from being an unpleasant journey through a sea of […]
Expertise.com, a resource that evaluates and publishes the best local experts, has published a comprehensive report on the safest cities and towns in the U.S. The study ranks the safest to most dangerous cities and towns with a population of 10,000 or more. Research experts […]
The US has agreed to suspend tariffs on UK goods including single malt whiskies that were imposed in retaliation over subsidies to the aircraft maker Airbus. Tariffs will also be lifted on UK cheese, cashmere and machinery. The duties will be suspended for four months […]
Tata Group and private airline Spicejet remain in the fray for buying Air India as all the other bids have been rejected, according to sources close to the development. Bids by others have been rejected after the evaluation of the expressions of interest (EoI) where […]
The Democrat controlled US House of Representatives approved a massive $1.9 trillion coronavirus relief package, advancing President Joe Biden's top agenda item and providing more resources to schools and businesses, boost funding for vaccinations and testing, and grant financial relief to Americans across the country. […]
The US, the world's largest economy, owes India USD 216 billion in loan as the country's debt grows to a record USD 29 trillion, an American lawmaker has said, cautioning the leadership against galloping foreign debt, the largest of which comes from China and Japan. […]
Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million. With this transaction, RSBVL has increased its shareholding to 54.46 […]
OPEC and Russia's unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under pressure to cool off the red-hot market. US crude has raced back above $60 a barrel. That's a far cry from […]
A group of experienced Indian American hoteliers, who have dealt with franchises for over 50 years, launched their first-ever Indian American hotel franchise named Membership Hotel Organization, MHO Hotels, Feb. 16 at Royal Albert’s Palace in New Jersey. The event was attended by 100 invited […]
Roivant Sciences today announced it has entered into a definitive agreement to acquire Silicon Therapeutics for $450 million in Roivant equity, with additional potential regulatory and commercial milestone payments. Silicon Therapeutics has built a proprietary industry-leading computational physics platform for the in silico design and optimization […]
Traditional fishermen are opposing a multimillion-dollar overseas deep-sea fishing project in Kerala that they say threatens the livelihood of ordinary fisher people in the southern Indian coastal state. Permitting overseas firms to join deep-sea fishing will further impoverish Kerala's traditional fishermen, they say. Following criticism from opposition leaders […]
The U.S. tried to resolve “long-standing market access impediments affecting U.S. exporters” with India during 2020, says the 2021 President’s Trade Agenda and 2020 Annual Report — an annual report submitted by the U.S. Trade Representative (USTR) to Congress. The report terms India’s policies “trade-restrictive” […]
Several leading New Jersey business- owners of Indian origin met with Consul General of India in New York on Feb. 16, 2021 and discussed on ways they could contribute to help India’s economic development and grow U.S.-India relations, according to a report by Parikh Media. […]
According to the State Department, Indians with advanced degrees whose immigration applications were approved in 2009 and skilled workers and professionals whose applications were okayed in 2010 are still waiting for their green cards because each country regardless of size are allowed only 26,000 green […]
A rare opportunity has presented itself: physicians, hospitals, insurers and employers have come together to agree on a common path forward to cover the uninsured through an Affordable Coverage Coalition that is the first of its kind. As a group, we recognize that universal health coverage […]
The world's most popular cryptocurrency jumped to an all-time high above $54,000, setting it on course for a weekly jump of more than 11%. It has surged roughly 64% so far this month and was last up 5.5% at $54,405. All digital coins combined […]
Life expectancy in the United States fell by a full year in the first six months of 2020, the federal government reported on Thursday, the largest drop since World War II and a grim measure of the deadly consequences of the coronavirus pandemic. Life expectancy is […]
The U.S. Chamber of Commerce is beginning one of its most consequential transitions in decades. In mid-March, CEO Tom Donohue will step down after 24 years leading the largest and most impactful business advocacy organization in the world, which serves as the voice for thousands of […]
The tourism, travel and hospitality industries have been hit the hardest by the Covid-19 pandemic, a report by Institute of Management Accountants (IMA) said. Accordingly, the survey report results reflect an across-the-board decline in revenue, with very large companies most likely to have experienced a […]
The proposed new labor codes could provide companies with the flexibility of four working days in a week, even as the working hours limit of 48 hours for a week will remain "sacrosanct", Labor and Employment Secretary Apurva Chandra said As the government finalizes the […]
Living paycheck to paycheck is exhausting. As soon as your paycheck comes in, you have to spend it all on necessities like rent, utilities, insurance, and paying off debt. There’s usually little, if anything, left for savings or recreational activities. Then, something even worse […]
For people who've been without health insurance during the pandemic, relief is in sight. In January, President Biden signed an executive order to open up the federal health insurance marketplace for three months starting Monday so uninsured people can buy a plan and those who want to change their […]
For a CEO who receives no salary, Elon Musk's 2020 payday reached sky-high levels. He received four grants to buy 8.4 million Tesla shares in 2020. After paying the exercise price, those blocks of stock options were each worth $6.2 billion at Wednesday's closing price. The combined […]
President Joe Biden gave his strongest indication yet that he’ll push for swift action on coronavirus relief for the U.S. economy without Republican support, as House lawmakers cleared the way for passing his $1.9 trillion stimulus plan with only Democratic votes. Highlighting his emphasis on […]
House Democratic leaders planned to unveil legislation that would give millions of families at least $3,000 per child, advancing a key provision in President Joe Biden's $1.9 trillion Covid-19 relief package. Chairman of the Ways and Means Committee Richard Neal, who is leading the crafting […]
Amazon founder Jeff Bezos has announced that he will step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago. He will become executive chairman, a move he said would give him "time and energy" to focus […]
The Ministry for Corporate Affairs (MCA) in India has amended the rules to allow One Person Companies (OPC) to grow without any restrictions on paid up capital and turnover. An official statement said that the amendment would allow their conversion into any other type of […]
The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year. While demand for oil is still lower than normal, there are hopes of a speedier than expected economic recovery as vaccines are rolled out. Oil prices are often […]
Billionaires are minting money during the pandemic, even as millions of Americans join the ranks of the poor. US billionaires have collectively become $1.1 trillion -- nearly 40% -- richer since mid-March, according to a report published Tuesday by progressive groups Institute for Policy Studies […]
The Department of Labor (DOL) announced last week that it is issuing a 247-page rule to increase wage levels significantly for the H-1B nonimmigrant worker category and for certain employment-based green card applications. Stephen Yale-Loehr, professor of immigration law at Cornell Law School and co-author of a leading […]
President-elect Joe Biden unveiled a $1.9 trillion relief package Thursday that included more stimulus payments and other direct aid, but don't expect to see those funds in your bank account anytime soon. There's a lot that has to happen before Biden's plan -- which is chock-full of […]
U.S. Citizenship and Immigration Services has announced a final rule that will modify the H-1B cap selection process, amend current lottery procedures, and prioritize wages to protect the economic interests of U.S. workers and better ensure the most highly skilled foreign workers benefit from the […]
US-India Business Council (USIBC) has selected Biocon Executive Chairperson Kiran Mazumdar-Shaw as one of its vice-chairs effective immediately. US Chamber of Commerce's USIBC on January 14 announced three vice-chairs to its 2021 Global Board of Directors. The two other business executives joining Shaw as vice-chairs […]
China will overtake the US to become the world's largest economy by 2028, five years earlier than previously forecast, a report by the UK-based Centre for Economics and Business Research (CEBR) said. China's "skilful" management of Covid-19 would boost its relative growth compared to the […]
US-based United Airlines has launched its new daily non-stop service between Delhi and its hometown hub of Chicago. Accordingly, these daily flights will be operated by a Boeing 787-9 Dreamliner aircraft. “Starting December 2020, we’re excited to launch even more routes from the U.S. to […]
Tens of thousands of protesting Indian farmers called for a national farmers’ strike on Monday, the second in a week, to press for the quashing of three new laws on agricultural reform that they say will drive down crop prices and devastate their earnings. The farmers […]
House of Spices, the oldest South Asian food company in the USA and is widely known by its brand “Laxmi,” has evolved over the years as a business leader in the South Asian food space with multiple leading South Asian food brands under its umbrella […]
India’s national carrier Air India is set to connect Bengaluru and San Francisco via a non-stop flight from 2021, the Kempegowda International Airport. As of January 11, 2021, Air India will launch 2x weekly flights between Bangalore and San Francisco, as follows: AI175 Bangalore to […]
