India’s Economy To Grow By 8.3%, Making It 2nd Fastest Growing-Major Economy

India’s economy is expected to grow by 8.3 per cent this fiscal year, according to the World Bank, making it the second-fastest-growing major economy. The Bank’s Regional Economic Update released on Thursday said that after the “deadly second wave” of Covid-19 in India “the pace […]

AAHOA Members Own 60 Percent Of Hotel Properties In US

AAHOA, the nation’s largest hotel owners association, announced the state-by-state economic impact results of the study conducted this year in partnership with Oxford Economics, an international leader in global forecasting and quantitative analysis. The initial report, unveiled at the 2021 AAHOA Convention & Trade Show […]

Reliance Acquires Norway-based REC Group For $771 Million

Reliance Industries Limited (RIL) on Sunday acquired Norwegian-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of $771 million (around Rs 5,800 crore) from China National Bluestar. REC Group is a leading international solar energy company for pioneering innovations. It is known for […]

Facebook Whistleblower Testimony Should Prompt New Oversight

‘I think we need regulation to protect people’s private data,’ influential Democrat says in wake of Frances Haugen revelations. Testimony in Congress this week by the whistleblower Frances Haugen should prompt action to implement meaningful oversight of Facebook and other tech giants, the influential California […]

Making Self-Driving Cars Human-Friendly

Newswise — Automated vehicles could be made more pedestrian-friendly thanks to new research which could help them predict when people will cross the road.  University of Leeds-led scientists investigating how to better understand human behavior in traffic say that neuroscientific theories of how the brain makes decisions […]

In Meeting With CEOs, Modi Urges Investment in India

Prime Minister Narendra Modi on Thursday commenced his visit in Washington D.C. with meetings with the top brass of the multinational companies based in the United States, hard-selling his government’s initiatives to draw more foreign investments to revive the Covid-hit economy of India, including the […]

Is U.S. Losing The Race To Decide The Future Of Money?

In cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers without an internet connection, credit or even a bank account. Already having conducted more than […]

South-South & Triangular Cooperation To Help Achieve UN’s Development Goals

The 2021 high-level commemoration of the United Nations Day for South-South Cooperation, organized ahead of the opening of the seventy-sixth session of the United Nations General Assembly, provided an opportunity to discuss Southern solidarity in support of a more inclusive, resilient and sustainable future while […]

In Kerala Village, Expatriates Join Hands To Set Up Steel Plant

After working in Sharjah for 15 years, T C Shiju, 42, returned to his home in Thikkodi village, in Kozhikode district of Kerala, about two years ago. He was exploring investment choices, when he found a viable option in his village itself. With an investment […]

United Airlines Plans To Purchase 15 Supersonic Overture Jets From Boom Supersonic

The US airline is the first to announce plans to go supersonic, reviving dreams from the late 1960s when British Airways and Air France offered transatlantic flights aboard the Concorde. Only 20 were built during the aircraft’s 24-year operational life. The Overture, which would seat […]

U.S. Crypto Regulation Talks Are Heating Up, With Three Major Themes Emerging Here’s What They Mean For Investors

One of the founding principles of cryptocurrency is that it’s decentralized and unregulated. But the U.S. government isn’t too worried about crypto’s founding principles. SEC chair Gary Gensler spoke at the Aspen Security Forum Tuesday, highlighting his view of the SEC’s role in cryptocurrency regulation. […]

Biden Administration Grants Automatic Student Loan Forgiveness To 325,000 Permanently Disabled Borrowers

The Biden administration moved Thursday (Aug. 19, 2021)  to grant 325,000 people who are severely disabled automatic federal student loan forgiveness to the tune of $5.8 billion, setting the stage for reforms to a process that is widely criticized as cumbersome and onerous. “The Department […]

Senate’s $3.5 Trillion Budget Proposal Has Plan for Pathway to Citizenship

Democrats have passed a $3.5 trillion framework for bolstering family services, health, and environment programs through the Senate early Aug. 11, advancing President Joe Biden's expansive vision for reshaping federal priorities just hours after handing him a companion triumph on a hefty infrastructure package, according […]

As India Turns 75, Prime Minister Modi Unveils $1.35 Trillion Infrastructure Plan

India will soon launch a $1.35 trillion national infrastructure plan that will boost the country’s economy, Prime Minister Narendra Modi announced on August 15 as part of the Independence Day celebrations. Soon after he unfurled the national flag to mark nation's 75th Independence Day at […]

Forbes’ 2021 List Of America’s Richest Self-Made Women Has 5 Of Indian Origin

Five Indian American women have been featured on the 2021 Forbes list of America’s Richest Self-made Women, which was released on August 5. The magazine noted that the fortunes of the nation’s richest self-made women soared 31% in the seventh annual ranking to $118 billion, […]

India Day Parade in New York Throws Light On Sympathizers of Farmer’s Issue in India

The India Day Parade held on August 8, 2021 by a local group in Hicksville in Long Island, New York, brought to the fore the issue of the Indian Farmers and their ongoing struggle.  Hundreds of Indian Overseas Congress USA members joined by others raised […]

Indian-Americans Own 60 Percent Of Hotel Industry In U.S.

Accounting for 34,260 hotels across the United States, Indian Americans owned hotels account for 60 percent of all hotels in the U.S., according to a new study conducted by Asian American Hotel Owners Association (AAHOA) in partnership with Oxford Economics, a global leader in forecasting […]

Biden’s New Policy Will Ensure 50% Of Vehicles Sold In US By 2030 Are Electric

President Biden announced on August 5th a multistep strategy aimed at rapidly shifting Americans from gasoline-powered cars and trucks toward electric vehicles — a central part of his plan to reduce the pollution that is heating the planet.  The new plan targets that half of […]

Was US Money Used To Fund Risky Research Lab In China That Supposedly Is The Origin Of Coronavirus?

As the debate continues over the origins of the coronavirus, a heated political battle is taking place over virus research carried out in China using US funds. It's linked to the unproven theory that the virus could have leaked from a lab in Wuhan, the Chinese […]

Immunovant Receives $200 Million Strategic Investment from Roivant Sciences Proceeds will fund continued development of IMVT-1401 in multiple indications

Immunovant, Inc. (Nasdaq: IMVT), a clinical-stage biopharmaceutical company focused on enabling normal lives for people with autoimmune diseases, today announced that it has received a $200 million strategic investment from Roivant Sciences. Immunovant intends to use the proceeds from this investment to advance the development […]

Ajay Ghosh Chronicles Journey Of Indian American Physicians In A Book Charting Success Story/Rise Of Indian Americans

“WhileIndian American physicians play a critical role, serving millions of patients in the United States, leading the policies and programs that impact the lives of millions today, it has been a long and arduous journey of struggles and hard work to be on the top […]

NRI Appointed As Vice-Chairman Of Abu Dhabi Chamber Of Commerce

The crown prince of Abu Dhabi & deputy supreme commander of the UAE Armed Forces, Sheikh Mohamed Bin Zayed Al Nahyan appointed Indian-origin businessman Yusuffali MA as the vice-chairman of Abu Dhabi Chamber of Commerce and Industry (ADCCI). The 65-year-old businessman is the only Indian […]

S&P Reaffirms India’s Long-Term Sovereign Credit Rating, Outlook

Global rating agency Sta­ndard and Poor’s has affirmed India’s sovereign rating at “BBB-” and maintained a stable outlook on gradual recovery in the economy. India’s recovery will gather pace through the second half of FY22 and into the following year, helping to stabilise the country’s […]

Anant Agarwal Founded & Harvard-MIT Venture Edx, Acquired By 2U For $800 Million In Cash

2U, Inc., a global leader in education technology, and edX, a leading online learning platform and education marketplace, announced they have entered into a definitive agreement to join together in an industry-redefining combination that will help power the digital transformation of higher education, expand access […]

Bitcoin Rallies After Dropping Below $30,000 On China Crackdown

Bitcoin recovered from a five-month low on Tuesday, June 22nd in volatile session in which it fell below $30,000, extending losses sparked a day earlier when China's central bank deepened a crackdown on cryptocurrencies. But its outlook remained tilted to the downside, analysts said. As […]

Digital Currencies Are Transforming The Future Of Money

Digital currencies like Bitcoin often make headlines for the massive swings in their value, but beyond the intrigue of skyrocketing and plummeting prices the rising popularity of cryptocurrencies poses serious questions for financial institutions and monetary policy. Eswar Prasad joins David Dollar for a conversation […]

US Re-Launches International Entrepreneur Rule, to Help Foreigners Grow a Start-up Company

The Biden Administration has revived the International Entrepreneur Rule which creates a pathway for foreign entrepreneurs to live in the U.S., with their families, and grow a start-up company. The International Entrepreneur Rule is different from an E-2 investor visa: Indian and Chinese entrepreneurs are […]

Tamil Nadu CM Stalin’s Economic Council Has World’s Top Luminaries

The Tamil Nadu government will constitute an Economic Advisory Council to guide chief minister MK Stalin to chart out a rapid and inclusive economic growth path for the state, said Governor BanwarilalPurohit on Monday, June 21st.A white paper detailing the true state of Tamil Nadu’s […]

Bill Introduced Allowing Doctors on J-1 Visas to Stay Longer in Rural Communities

U.S. Senators Amy Klobuchar, D-Minnesota; Susan Collins, R-Maine; Jacky Rosen, D-Nevada; and Joni Ernst, R-Iowa have reintroduced bipartisan legislation to increase the number of doctors able to work in rural and medically underserved communities, Klobuchar’s office said in a news release. The Conrad State 30 […]

New B2B Tech Platform For Artisans From India

(New York, NY - June 15, 2021) Currently, small businesses in the U.S. and Canada are unable to source products directly from India, due to high minimum order quantities (MOQs), trust & reliability issues and, now, strict travel restrictions in place post-COVID. ENTER...BlueRickhsaw.com (BR), a highly-curated, digital, B2B, wholesale […]

Cloudgen, A Tech Firm Admits To H1-B Visa Fraud Involving Indians

A technology company has admitted to committing fraud to bring Indians on the coveted H1-B visas to the US, according to a federal prosecutor. JomonChakkalakkal, the corporate representative of Cloudgen, made the admission before a federal court in Houston, Texas, on behalf of the company […]

Economic Toll Of Climate Crisis ‘Will Be Like Two Pandemics A Year’

The world’s biggest industrialized economies will shrink by twice as much as they did during the coronavirus pandemic if they do not tackle rising greenhouse gas emissions, according to research. Oxfam and the Swiss Re Institute have warned that the G7 countries will lose 8.5% […]

Arun Venkataraman Nominated as Director General for Foreign Commercial Service in Commerce Department

President Joe Biden announced the nomination of Arun Venkataraman to serve as Director General of the U.S. Foreign Commercial Service and Assistant Secretary for Global Markets in the Department of Commerce on May 26th. Venkataraman currently serves in the administration as Counselor to the Secretary […]

Dr. Manju Sheth’s Candid Conversation With Panera Bread CEO, Niren Chaudhary

With an impressive track record of establishing brands and leading companies around the world, Niren Chaudhary leads Panera Bread as CEO with passion since May 2019. In an exclusive interview With Dr. ManjuSheth, Mr. Chaudhary talks about his personal life story, inspiration, interests, how Panera […]

Sonal Shah-Led Asian American Foundation Raises $1 Billion to Fight Anti-Asian Hate

Today’s historic announcement should send a clear signal to the 23 million AAPIs living in this country that TAAF and our AAPI Giving Challenge partners are here to upend the status quo in favor of a better, brighter future for AAPI communities. Asian American Foundation, […]

Dr. Kiran Patel Invests In Mumbai-Based EV Charging Startup

An eminent Indian-American cardiologist and philanthropist, has raised more than $15mn in Series A funding for a Mumbai-based electric vehicle charging solutions company, Magenta EV Solutions. Besides being a cardiologist, Dr. Kiran Patel is a billionaire and a serial entrepreneur. “My wife and I have […]

Indian American Business Leaders Named To Global Task Force OnPandemic

The U.S. Chamber of Commerce May 5 announced the formation of the Global Task Force on Pandemic Response, which includes numerous Indian American company executives. The public-private partnership will provide immediate assistance to India and will assist in coordinating relief to respond to COVID-19 surges, according […]

USCIS Temporarily Suspends Biometrics Requirement For Certain Form I-539 Applicants

Effective May 17, 2021, U.S. Citizenship and Immigration Services will temporarily suspend the biometrics submission requirement for certain applicants filing Form I-539, Application To Extend/Change Nonimmigrant Status, requesting an extension of stay in or change of status to H-4, L-2, and E nonimmigrant status. In […]

Elon Musk Says, Tesla Will Not Accept Bitcoin For Transactions

Tesla has suspended customers’ use of bitcoin to purchase its vehicles, Tesla’s billionaire CEO said last week, citing concerns about the use of fossil fuel for bitcoin mining.Elon Musk said the company had suspended use of bitcoin for purchase of its electric vehicles, citing fears about […]

Telemedicine Market to Reach US$ 202.8 Billion by 2027 Globally

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 To Benefit As Canada Offers Residency To 90,000

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 […]

Roivant Sciences & MAAC to Combine and Create Publicly Traded Leader in Biopharma and Health Technology

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 […]

World Military Spending Rises to a Hefty $2.0 Trillion Despite UN Pleas for Cutbacks

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 […]

Kamala Harris Advocates American Jobs Plan At 1st Economic Speech Since Becoming VP

"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 […]

Indian Community In The US Mourns The Killing Of 4 Sikhs At Fedex Facility

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 […]
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