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 […]

$2.3 Trillion Infrastructure Plan To Make US Shine In 21st Century Unveiled

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 […]

Bollywood Superstar And Fitness Icon Shilpa Shetty Kundra Is The New Face Of U.S. Based South Asian Food Brand, LAXMI!

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 […]

IMF Chief Economist Gita Gopinath Says, IMF Favors Global Minimum Corporate Tax

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 […]

Boeing Forecasts Demand For Over 2,200 New Aircraft In India By 2041

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 Richest Man Ambani Fined For Irregularities In Reliance Share Issue

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 […]

F-1 Students Seeking Optional Practical Training Can Now File Form I-765

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) – […]

IAICC South Carolina Chapter Launched To Foster Economic Development Of US, India, Rest Of The World

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 […]

Biden Unveils $2 Trillion Modern Sustainable Infrastructure Plans

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 […]

IMF, World Bank Must Urgently Help Finance Developing Countries

(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 […]

Ship Stuck In Egypt’s Suez Canal Rescued, Reopening Waterway Trade

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, […]

AAPI Urges Government To Proactively Prevent Attacks on Asian Americans

(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 […]

India’s FinTech valuation estimated at $150-160 billion by 2025

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 […]

Gautam Adani World’s Biggest Wealth Gainer, Adds $16.2 Billion In 2021

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 […]

Rajagopalan Vasudevan’s Invention Of “PlasticRoad” Makes Rides Smoother

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 […]

Massachusetts and Connecticut Hold 8 Out of the Top 10 Best Places to Live

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 […]

What Is In For You In The $1.9 Trillion COVID-19 Relief Bill Congress Passed?

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. […]

Reliance Acquires Majority Stake In US-Based Skytran Inc

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 […]

Indian-Americans Launch New Hotel Franchise Promising Better Terms To Hoteliers

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 Grows Computational Drug Discovery Engine with Acquisition of Silicon Therapeutics

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 […]

Fishermen in Sothern Indian State Ask Govt To Scrap Fishing Project

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 […]

U.S. Trade Report Calls ‘Make In India’ Policy As “Trade Restrictive”

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” […]

New Jersey’s Indian-American Business Leaders Discuss India’s Consul General On Ways To Help India’s Development

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. […]

U.S. Citizenship Act of 202 Benefits for Indian Americans Awaiting Path to Legal Status

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 […]
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