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, 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 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 […]
A soaring stock market propelled the combined wealth of members of the 2021 Forbes list of India's 100 Richest to a record US$775 billion, after adding $257 billion -- a 50 per cent rise -- in the past 12 months. In this bumper year, more […]
‘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 […]
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 […]
The new owners of Air India will be decided in the next few days as the financial bids for India’s flag carrier, AIR INDIA are being scrutinized. The Tata Group, which was the original founders of the now largest air carrier in India, is one […]
A massive leak of financial documents was published by several major news organizations on Sunday that allegedly tie world leaders to secret stores of wealth, including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin. The dump of […]
India and the UAE will aim to ensure speedy normalization of air transport operations between the two countries. Accordingly, the need for normalisation of air transportation, was discussed at the ninth meeting of the ‘UAE-India High Level Joint Task Force on Investments’ held in Dubai […]
India has achieved the milestone of having over 1,000 individuals with net worth of Rs 1,000 crore, said Hurun India. Accordingly, the IIFL Wealth Hurun India Rich List 2021 revealed that 1,007 individuals across 119 cities have a net worth of Rs 1,000 crore. The […]
India’s external debt for the quarter ended June 2021 increased on a year-on-year as well as on sequential basis, official data showed last week. The external debt during the period under review rose to $571.3 billion from $555.2 billion reported for the quarter ended June […]
On the heels of the 16th Hotel Investment Conference — South Asia (HICSA 2021), Marriott International, announced it has signed 22 new hotel agreements in South Asia — comprising India, Bhutan, Bangladesh, Sri Lanka, Maldives and Nepal — in the past 18 months, expecting to […]
Pope Francis condemned greed and the ruthless pursuit of profit in a message sent to a Vatican conference on poverty Sunday (Oct. 3), offering his spiritual take on economic issues to a group of economists and faith leaders that included prominent U.S. activist the Rev. […]
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 […]
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 […]
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 […]
The cleanliness of Tokyo, the diversity of New York and the social services of Stockholm: Billionaire Marc Lore has outlined his vision for a 5-million-person "new city in America" and appointed a world-famous architect to design it. Now, he just needs somewhere to build it […]
When was the last time you made a payment with dollar bills? Some people still prefer to use cash, perhaps because they like the tactile nature of physical currency or because it provides confidentiality in transactions. But digital payments, made with the swipe of a […]
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 […]
In a move that brings relief to thousands of Indian expats, Dubai announced it will allow them to come back even if their residence visas have expired. Also allowed to return were residence visa holders from Pakistan, Nepal, Nigeria, Sri Lanka, and Uganda. Anyone holding […]
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 […]
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. […]
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 […]
TCS reported that its employee headcount crossed the 500,000-mark in the quarter ending June 2021, even though close to 43,000 people left the IT major.Indian IT major Tata Consultancy Services (TCS) reported an 8.6% attrition in the past year, in its results for the first […]
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 […]
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 […]
An Indian American tech executive who was the first-ever chief customer officer of HubSpot last year is all set to become the firm’s Chief Executive officer. Yamini Rangan, a longtime San Francisco will be replacing Brian Halligan, who will be stepping down as founding CEO […]
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, […]
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 […]
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 […]
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 […]
It's official! Forbes has named Rihanna a billionaire, making her the richest female musician and the second wealthiest woman entertainer in the world. The singer, whose real name is Robyn Fenty, is now second only to Oprah in wealth with an estimated net worth of […]
Tamil Nadu’s capital city Chennai after being the ‘Detroit’ of India for housing several automobile makers is turning out to become a major data center hub. With the central government and Reserve Bank of India insisting on players to have their data stored in India, […]
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 […]
India’s startup ecosystem, which is widely considered as the third largest globally, has a total of 52,391 recognised entities as of July 14, 2021, Parliament was informed last week. The startups are recognized by Department for Promotion of Industry and Internal Trade (DPIIT) and as […]
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 […]
“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 […]
Tesla CEO Elon Musk said that its electric vehicle (EV) company wants to launch cars in India, but the country’s import duties on EVs are “highest in the world by far”. Replying to an Indian YouTuber on Twitter, who asked him to launch Tesla cars […]
In A move aimed at diversifying its entertainment business, Amazon India is learnt to be in discussions with multiple players in the film and media distribution segment, including Mumbai-based movie theatre chain Inox Leisure Ltd, for potentially picking up stakes in them, sources told The […]
India is among the top 10 countries in pharma and healthcare sector with exponential growth recorded in the last five years, according to a report by Sagacious IP, a global IP research and consulting firm. The report stated that patents with Indian publication having Indian […]
Bitcoin, the original cryptocurrency, has been on a wild ride since its creation in 2009. Earlier this year, the price of one Bitcoin surged to over $60,000, an eightfold increase in 12 months. Then it fell to half that value in just a few weeks. Values of other […]
Newswise — EVANSTON, Ill., --- One of the keys to a long life may lie in your net worth. In the first wealth and longevity study to incorporate siblings and twin pair data, researchers from Northwestern University analyzed the midlife net worth of adults (mean […]
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 […]
MUMBAI (Credit/Reuters) -The Reserve Bank of India (RBI) on Wednesday indefinitely barred MastercardInc from issuing new debit or credit cards to domestic customers for violating data storage rules, dealing a blow to the U.S. company in a key market. In a notification, the RBI said […]
Stocks are falling sharply Monday as worries sweep from Wall Street to Sydney that the worsening pandemic in hotspots around the world will derail what's been a strong economic recovery. The S&P 500 was 1.9% lower in morning trading, after setting a record high just […]
Nearly one tenth of the global population, between 720 million people and 811 million, were undernourished last year, according to a UN report. Global hunger levels have skyrocketed because of conflict, climate change and the economic impact of the Covid-19 pandemic; and one in five […]
Neha Parikh, the former president of Hotwire and a board member of Carvana, has been named CEO of Waze, the app that leads millions on the road tyo reach their destinations. Parikh replaces Noam Bardin, who stepped down as CEO of the Google-owned navigation service […]
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 […]
Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive, Andy Jassy, according to an announcement Tuesday. Bezos will transition to executive chairman of Amazon’s board. Bezos, 57, founded Amazon in 1994 and has […]
A ransomware attack paralyzed the networks of at least 200 U.S. companies on Friday, according to a cybersecurity researcher whose company was responding to the incident. The attack, first revealed last week, is believed to be affiliated with the prolific ransomware gang REvil and perpetuated […]
As many people contemplate a future in which they don't need to commute to offices, the idea of working less altogether also has its appeal. Now, research out of Iceland has found that working fewer hours for the same pay led to improved well-being among […]
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 […]
United Airlines is placing a jumbo-sized order of narrow-body aircraft. The company is purchasing 270 new planes from Boeing and Airbus.Last year, U.S. airlines were fighting to survive. Struggling in the depths of the pandemic, they received an infusion of cash and cheap loans from […]
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 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 […]
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 […]
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 […]
GABORONE, Botswana (AP) — A huge diamond weighing more than 1,000 carats, which could be the third-largest mined in history, has been discovered in the southern African country of Botswana.The high-quality gemstone weighing 1,098.3 carats was unearthed earlier this month in the Jwaneng mine owned […]
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 […]
The Equal Access to Green cards for Legal Employment HR 3648 or the EAGLE Act 2021, introduced by Congresswoman Zoe Lofgren and Rep John Curtis, giving Equal Access to Green Cards for Legal Employment in the United States, is a welcome measure that is expected […]
In a rare agreement between two arch-rivals India and Pakistan, which have a history of long-time rivalry with disputes on every front from sea to land, exporters from both sides of the border have mutually agreed to share the ownership of the regions prized Basmati […]
(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 […]
Newswise — Many employees have come to prefer working from home after being forced to do so more than a year ago when the pandemic started. By some estimates, at least one-quarter of employees will still be working remotely multiple days a week at the […]
Colonial Pipeline CEO Joseph Blount made no apologies for his decisions to abruptly halt fuel distribution for much of the East Coast and pay millions to a criminal gang in Russia as he faced down one of the most disruptive ransomware attacks in U.S. history.Blount […]
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 […]
Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill came to zero in 2018. And financier George Soros went three straight years without paying federal income tax, according to a report from the nonprofit investigative […]
Bitcoin, the original cryptocurrency, was launched in 2009. Today, there are thousands of cryptocurrencies with a total value of about $2 trillion. The surge in their prices earlier this year minted tens of thousands of cryptocurrency millionaires—at least on paper. Cryptocurrencies might turn out to be a massive […]
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% […]
Titled The Costs of Climate Change in India, the report states that India is already experiencing the consequences of 1 degree C of global warming. India may have already lost 3% of its gross domestic product (GDP) on account of global warming of 1 degree […]
America's stores are having trouble bringing on staff to meet growing demand from customers as the US economy regains steam. So they're turning to an incentive less commonly deployed in the retail industry: sign-on bonuses for new hires.Amazon (AMZN), Ollie's Bargain Outlet (OLLI), Tops Markets […]
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 […]
Amartya Kumar Sen, an Indian economist and philosopher who studied the causes of famines, will be recognized with this year’s Princess of Asturias award in the social sciences category, the Spanish foundation behind the prizes announced May 26.The 87-year-old Sen has devoted his career to […]
The Covid-induced volatility heavily dented India’s economy in the last fiscal as its growth rate plunged (-) 7.3 per cent in FY 2020-21. Though not comparable, the GDP had grown by 4 per cent in 2019-20.Accordingly, the pandemic-triggered national lockdown (from late March 2020) during […]
After years of outright dislike for cryptocurrencies, India’s central bank appears to have had a change of heart. On May 31, the Reserve Bank of India (RBI) told banks and other financial institutions in the country that they should not cite its 2018 circular that […]
The Indian Medical Association (IMA) has now filed a police complaint in Delhi and sought that an FIR be registered against Patanjali boss Ramdev. Signed by IMA General Secretary DrJayeshLele, the complaint states that Ramdev, along with his associates "operated in furtherance of their illegal […]
More than three in four young Indian workers believe that employers should offer the opportunity to work a four-day week to promote employee well-being post-pandemic, a new report said on Wednesday.Made up of millennials (born 1981 to 1996) and Generation Z (born after 1997) workers, […]
China’s ruling Communist Party has said, it will ease birth limits to allow all couples to have three children instead of two in hopes of slowing the rapid aging of its population, which is adding to strains on the economy and society.The ruling party has […]
The Sunday Times, UK, reported this year’s Rich List that identifies a record 171 UK billionaires — 24 more than in 2020. That is the biggest jump in the 33 years The Sunday Times has been tracking the fortunes of the UK’s most affluent people. […]
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 […]
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, […]
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 […]
Admitting that hybrid work paradox is here to stay amid the pandemic, Microsoft CEO Satya Nadella has outlined a detailed approach about how his company is going to tackle the biggest shift to global workplace that requires a new operating model, spanning people, places and […]
Home prices in the US continued to climb in April, reaching new highs and rising at the fastest pace on record. The median sale price was a record $341,600 in April, according to a report from the National Association of Realtors. It was the highest […]
Air India has admitted to a massive data breach that compromised the personal data of about 4.5 million passengers. The hackers were able to access 10 years’ worth of data including names, passport and credit card details from the Atlanta-based SITA Passenger Service System, Air […]
A lawsuit filed in federal court alleges that more than 200 workers — many or all of whom don’t speak English — were coerced into signing employment agreements in India to build expansion of the largest Hindu Temple by BAPS in the US on the […]
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 […]
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 […]
Colonial, a major US fuel pipeline has reportedly paid cyber-criminal gang DarkSide nearly $5m (£3.6m) in ransom, following a cyber-attack.Colonial Pipeline suffered a ransomware cyber-attack over the weekend and took its service down for five days, causing supplies to tighten across the US.CNN, the New […]
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 […]
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 […]
Newsletter Signup
Subscribe to our weekly newsletter below and never miss the latest news.
Visit Today : 6
Hits Today : 11