Eternalhealth Raises $10 Million Series A Funding After Initial $10 Million In Seed Financing

EternalHealth, the first new health plan to be approved in Massachusetts since 2013, announced today that it has raised another $10 million in Series A funding. This additional financing follows an initial $10 million in Seed and Pre-Series A investment by successful healthcare and tech […]

Patel Spirits Creates India-Influenced Vodka Using Appalachian Water

Patel Spirits Inc. of Orlando, Florida officially released its P1 Vodka to the public market. P1 Vodka is Patel Spirits Inc.’s inaugural brand of Premium Vodka inspired from their founder’s Indian heritage. “P1 Vodka adheres to their gold standard in gluten-free, handcrafted, small batch vodka by using American Mountain water from […]

Democrats Look To Scale Back Biden Bill To Get It Passed

According to media reports, momentum is growing for narrowing the scope of President Biden’s social spending and climate package as Democrats seek a way to get the bill through the Senate with Sen. Joe Manchin’s (D-W.Va.) support. Manchin effectively killed a much more wide-ranging bill, […]

Biden Administration Extends Student Loan Pause Through May 1, 2022

The U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time for […]

Why Indian-Born CEOs Dominate Silicon Valley

Parag Agrawal, who was appointed this week as Twitter's CEO, has joined at least a dozen other Indian-born techies in the corner offices of the world's most influential Silicon Valley companies. Microsoft's Satya Nadella, Alphabet's Sundar Pichai, and the top bosses of IBM, Adobe, Palo […]

Gita Gopinath Promoted As First Deputy Managing Director At IMF

Indian-American Gita Gopinath, the chief economist of International Monetary Fund, is being promoted as IMF’s First Deputy Managing Director, the fund announced last week. She would replace Geoffrey Okamoto who plans to leave the Fund early next year. Ms. Gopinath, who was scheduled to return […]

South Korea All Set To Get ‘World’s First Sustainable Floating City’

The floating city could withstand natural disasters including floods, tsunamis and Category 5 hurricanes as its floating platforms will be anchored to the seafloor. The world’s first floating city, which will be built off the coast of South Korea, is likely to be completed by […]

Tamil Nadu CM MK Stalin Appoints MR Rangaswami As State’s ‘Investment Ambassador’

Tamil Nadu Chief Minister M.K. Stalin has appointed a prominent Indian American venture capitalist, M.R. Rangaswami as Tamil Nadu’s ‘Investment Ambassador’ on Friday, November 26. Rangaswami has been an active member of the Indian American community whose influence has inspired many. Over the years he […]

Will The $1.75 Trillion Spending Bill Passed By US Congress Survive US Senate?

After months of wrangling, House Democrats managed a big win Friday, November 19th passing their roughly $1.75 trillion social and climate spending package despite a Republican effort to delay the final vote. House Speaker Nancy Pelosi, wearing white, announced the passage of President Joe Biden's […]

Historic Immigration Reform Included In House-Passed Spending Bill

The social spending bill approved by the House Friday in a 220-213 vote includes the most extensive immigration reform package reviewed by Congress in 35 years, albeit in a much reduced version from what proponents originally sought. If the provision is approved by the Senate […]

USCIS To Allow Automatic Renewal Of Employment Authorization For H-4 Workers

U.S. Citizenship and Immigration Services has settled a lawsuit Nov. 10, which allows the spouses of L-2 workers to automatically receive work authorization, and also provides an automatic 180-day extension of work authorization for some spouses of H-1B workers. “Once implemented by the agency, L-2 […]

Rajeshwar Prasad Presented Life Time Achievement Award At NIAASC Annual Meeting In New York

Rajeshwar Prasad, founder and chairman of  The National Indo-American Association for Senior Citizens (NIAASC) was honored with a Lifetime Achievement Award, During the 32nd annual Conference and 23rd Annual meeting of NIAASC on Sunday, November 7th, 2021 at the India Home in Jamaica, New York. […]

Inflation Explained: Why Prices Keep Going Up And Who’s To Blame?

Confused about inflation? You're not alone. Inflation is, paradoxically, both incredibly simple to understand and absurdly complicated.  Let's start with the simplest version: Inflation happens when prices broadly go up. That "broadly" is important: At any given time, the price of goods will fluctuate based […]

Association of South Asian Real Estate Professionals (ASARP) organized its annual gala

Association of South Asian Real Estate Professionals (ASARP) organized its annual gala on November 7th at Fairfield Inn, Schaumburg. The program was hosted by Prachi Jaitly and Shirin Marvi. The event kicked off with social networking and live Indian Flute on stage followed by national anthems […]

Spouses Of H-1B Visa Holders Can Now Look Forward To Getting Work Permit Faster

The Biden administration has been making gradual changes in the immigration department to make it easier for foreign professionals to travel to US, unlike the previous administration. In the past few months, President Biden has been signing off crucial documents that will let IT professionals […]

100 Most Expensive U.S. Zip Codes In 2021: Include Boston’s Back Bay And Weston

BOSTON–PropertyShark released its annual most expensive zip codes of 2021. New England is home to 11 of the priciest U.S. zip codes, including #2 with Boston’s Back Bay. The full list is included towards the end in this article. Key Takeaways: At nearly $7.5 million, Atherton, Calif.’s 94027 […]

$1.2 Trillion Infrastructure Bill Passed By Congress Welcomed By Industrial Leaders

Corporations and business groups are calling on President Biden to sign the bipartisan $1.2 trillion infrastructure bill into law quickly after it finally cleared Congress late Friday, November 5th, after several months of painstaking negations. The infrastructure bill passed the House 228-206 on Friday. Thirteen […]

Inflation Expectations Among Consumers Hit New Highs, Fed Survey

Americans' inflation fears continued to accelerate in October, climbing for the 12th consecutive month in a row to another record high, according to a key Federal Reserve Bank of New York survey published Monday, November 8, 2021. "Median inflation uncertainty – or the uncertainty expressed regarding […]

Tamil Superstar Kamal Haasan Launches A New Fashion Line, His Favorite Khadi

Mohandas Gandhi, the original proponent of the fabric, once said, Khadi is not fashion it is a value. Tamil movie superstar Kamal Haasan, who is also someone with an unbridled passion for all things Gandhi, would seem to disagree in nuance because he believes precisely […]

Democrats Inch Closer To Legislative Deal On Biden’s Biggest Domestic Agenda

President Joe Biden and Democratic leaders are driving toward a $1.75 trillion agreement that will unlock the votes for the separate infrastructure package — and arm Biden with two momentous legislative victories — as he departs for the world stage later this week. Half its […]

2 Indians Led Firms In Forbes List of Future Billion Dollar Companies

Two Indian American-led companies made Forbes magazine’s annual list of 25 venture-backed startups that are most likely to become unicorns, with valuations of more than $1 billion. Legion Technologies, founded by Sanish Mondkar; and Alchemy, co-founded by Nikil Viswanathan and Joseph Lau are featured in […]

Shortages, High Prices Likely During Holiday Season

Newswise — Despite President Biden’s announcement of round-the-clock operations at key West Coast ports and expanded operations by the likes of Walmart and UPS – plus pledging further federal government efforts -- to alleviate the U.S. supply chain backlog, Maryland Smith supply chain expert Martin Dresner […]

Corporations Influence Policy Through Nonprofit Donations

Newswise — In 2003, the Coca-Cola Foundation announced a $1 million donation to the American Association of Pediatric Dentistry, supposedly to “improve child dental health.” Shortly after receiving the gift, the children’s dental group changed its stance on sugary beverages, no longer calling them a […]

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 […]