Jay Chaudhry joins world’s richest club
Jay Chaudhry, the founder of Zscaler Inc. is now part of a growing wave of billionaires who have built cybersecurity…
Finance/Economy
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Asia leads the world when it comes to minting billionaires
The number of Asian billionaires will rise by 27 percent to 1,003 between 2018 and 2023, making up more than…
10 Years of the Bull Market Run
The financial system had nearly collapsed. The deepest recession in decades was devouring over 700,000 jobs a month. Roughly $13…
Mobile Connectivity in Emerging Economies
Publics see mobile phones and social media bringing certain benefits to them and their societies. But these views are paired…
Rachel Humphrey is Interim President & CEO of AAHOA
AAHOA appointed Chief Operating Officer Rachel Humphrey to serve as the Interim President and CEO of the largest hotel owners…
Hotel Owners Group Files Petition Against Florida’s Tax Agreement with Airbnb Asian American Hotel Owners Association’s petition challenges that state’s voluntary tax agreement with Airbnb violated proper approval process and public disclosure
Petition maintains that tax agreement with Airbnb should have been subject to a public rulemaking process as required under the…
Wealth has made Bill Gates happier—but ‘you don’t need a billion’ to be happy
Money may be able to buy happiness after all, Bill Gates suggested during his seventh “Ask Me Anything” session on Reddit on…
Social Security expansion bill in Congress, targets those who earn over $400,000
As Social Security’s funding problems loom ever closer on the horizon, the program has emerged as a pet project on…
Bill to end per country quota gives hope to hope for Green Card applicants
Two Bills introduced on February 7th simultaneously in the US Senate and the House proposing to end per-country limits on employment-based…
Does Anyone Win in a US-China Trade War?
A looming 1 March deadline to prevent another round of escalating tariffs between the United States and China is more…
Ravneet Singh Gill named the new MD and CEO of Yes Bank
Deutsche Bank India CEO Ravneet Singh Gill has been named the new MD and CEO of Yes Bank. Ravneet Singh …
Smartphone Ownership Is Growing Rapidly Around the World, but Not Always Equally In emerging economies, technology use still much more common among young people and the well-educated
Mobile technology has spread rapidly around the globe. Today, it is estimated that more than 5 billion people have mobile devices, and…
Majority of U.S. Public Supports High-Skilled Immigration But U.S. trails other economically advanced nations in share of immigrants with high skills
Like publics in other economically advanced countries with a high number and share of immigrants, a majority of Americans support…
How ‘Glass’ May Cement M. Night Shyamalan’s Comeback
Glass is a $20 million-budgeted, self-financed, distribution-only flick that just nabbed a $40.5 million Fri-Sun/$48.06m Fri-Mon debut weekend. Yes, it’s a…
Moody’s warns of Indian economy slipping due to pre-poll policies, promises
Pre-election measures and promises made by the Narendra Modi government to support farmers, small enterprises and low-income households will derail…
India likely to surpass UK in world’s largest economy rankings
India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, according to a report…
New Community Civic-Engagement group, the Voice of Indian-American Voters Launches
Chicago IL: VIA Voters is a new community group launched with the goal of increasing the civic engagement of Indian-Americans in…
Climate Change’s Giant Impact on the Economy: 4 Key Issues
Many of the big economic questions in coming decades will come down to just how extreme the weather will be,…
Fires devastated Paradise, Calif., in November. Climate change increases the odds of such wildfires in the state.
How might climate change fuel inequality? When a government report raises the possibility of a 10 percent hit to G.D.P. as a…
Economic Reforms and Fresh Strides in US-India Relations
The US India Chamber of Commerce, Midwest organized its “2018 Annual Gala Dinner” on December 07, 2018 at Ashyana Banquets,…
Amar Sawhney honoured with TiE Boston’s Lifetime Achievement Award
TiE-Boston’s Lifetime Achievement Award was conferred on entrepreneur and philanthropist Dr. Amar Sawhney, during the annual gala on December 13th at…
Exquisite Jewelry Exhibition opens at the Met Museum
What is jewelry? Why do we wear it? What meanings does it convey? At the Metropolitan Museum of Art in…
Why is India’s Rupee continuing to fall?
The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding to Rs….
The Billionaires of India – Mukesh Ambani Adds Another $9.3 Billion To Retain Top Spot
Anubhav Gupta, assistant director of the Asia Society Policy Institute, in his conversation with James Crabtree, author of The Billionaire Raj: A Journey…
India to have 1 Billion Debit Card Holders
The number of debit cards in India has increased to 1 billion from 84 million a decade ago, Times of India has reported….
Gita Gopinath appointed Chief Economist at IMF
The International Monetary Fund has appointed Gita Gopinath as economic counsellor and director of the IMF’s Research Department on October…
Rupee fall has surprising new reason
The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding to Rs….
Economists win Nobel for work on climate and growth
This year’s Nobel prize for economics has been awarded to William Nordhaus and Paul Romer for their work on sustainable…
Half the world is now middle class or wealthier
Something of enormous global significance is happening almost without notice. For the first time since agriculture-based civilization began 10,000 years…
Bimal Patel nominated to US Treasury Job
Bimal Patel, a former leading financial regulatory partner at O’Melveny & Myers, is the Trump administration’s nominee for a top supervisory…
America is richer than ever but most Americans aren’t
Americans are richer than ever. The stock market closed at a record high on Thursday. Filings for unemployment benefits just…
Indian Government to merge Bank of Baroda, Vijaya Bank, Dena Bank
India’s public sector lender Dena Bank reportedly has said, its board has approved the government proposal to merge the bank…
These 7 Products May Cost You More After Trump Escalated His Trade War With China
President Trump’s controversial trade war with China is heating up. That means consumers may soon have to pay more for…
Amazon joins Apple in climb to $1 trillion market value
Apple and Amazon are as different from each other as apples and oranges. Apple is a tech company that is…
Rupee continues to fall as India crude import bill jumps 76%
The Indian rupee continues to fall sharply against the dollar in recent days, despite gains by other Asian peers, as…
7 Indians charged in BPO scam in USA
As many as 15 people, including seven Indians, and five India-based call centers have been indicted in a multimillion-dollar scam…
Warren Buffett is investing in Paytm, his first Indian company
Warren Buffett is gearing up to invest in India’s top mobile payments firm. The renowned investor’s company, Berkshire Hathaway (BRKA), is set…
1 in 3 Americans have less than $5,000 saved for retirement—here’s why so many people can’t save
The vast majority of Americans, 78 percent, say they’re “extremely” or “somewhat” concerned about not having enough money for retirement,…
For most U.S. workers, real wages have barely budged in decades
On the face of it, these should be heady times for American workers. U.S. unemployment is as low as it’s…
Rupee fall: Why India’s struggle for dollars will continue
The question being asked these is “why is the rupee falling against the dollar”. The answer is very simple. The…
Income Inequality is most rising among Indian Americans: Pew Center
Indian Americans enjoy the highest levels of income among various Asian ethnic groups in the U.S., but wide economic disparities…
Facebook Loses $120 Billion On A Single Day’s Stock Plunge, Shattering Faith in Tech Companies’ Invincibility
It had become an article of investor faith on Wall Street and in Silicon Valley: Quarter after quarter, year after…
Apple is now a $1 trillion company
Apple has become the first US company with a market cap of over $1 trillion. This follows a jump in…
Balancing Trade Wars
A global trade war has broken out. The United States fired the first salvo and there has been retaliation by…
Climate change will hit living standards of 600 million Indians
Unchecked climate change will dent India’s GDP by 2.8 per cent and depress the living standards of nearly half the…
Indra Nooyi ends 12-year run as Pepsi’s first female CEO
Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to…
Income Inequality is most rising among Indian: Pew Center
Indian Americans enjoy the highest levels of income among various Asian ethnic groups in the U.S., but wide economic disparities…
Facebook’s Stock Plunge Shatters Faith in Tech Companies’ Invincibility
It had become an article of investor faith on Wall Street and in Silicon Valley: Quarter after quarter, year after…
Air India seeks Rs 2121 crore loan from government to pay vendors: Report
State-owned carrier Air India has sought Rs 2121 crore ($309 million) of additional equity from the government for the fiscal…
Economic divergence among countries and regions was never pre-ordained
According to the late cliometrician Angus Madison and other economic historians, the great divergence between the global North and South,…
Balancing Trade Wars
A global trade war has broken out. The United States fired the first salvo and there has been retaliation by…
4 NRI-led firms Among World Economic Forum Tech Pioneers
There are four Indian American-led companies that are among the World Economic Forum’s 2018 cohort of Technology Pioneers, that have…
Amazon valuation crosses $900 billion for the first time ever on Prime Day sale success
Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year…
Connaught Place world’s 9th most expensive office location, finds CBRE report
New Delhi’s Connaught Place has moved one position higher to become ninth most expensive office location in the world with…
Attorney Jay Khosla named Chief Economic Policy Advisor to Mitch McConnell
U.S. Senate Majority Leader Mitch McConnell, R-Ky., June 28 announced that attorney Jay Khosla will join his office as chief…
Rupee fall: Why India’s struggle for dollars will continue
The question being asked yesterday was “why is the rupee falling against the dollar”. The answer is very simple. The…
Indians are earning more, spending more and paying more taxes
According to government data released on Friday, Indians have deposited 44 per cent higher advance personal income tax in the first quarter…
Money of Indians in Swiss banks rise 50% to over Rs 7,000 crore
While the Modi government in India had promised to bring back Black Money hoarded abroad and within the country, the…
Let’s Put a Stop to Congress’ Enthusiasm for Wasteful Spending
When I first became governor, state debt was climbing, families and job creators were overtaxed, and Florida’s economy was hurting….
Maharashtra CM Devendra Fadnavis at U.S visit announces 3 new Projects
The Maharashtra government and a U.S.-India panel have announced three new projects in the state, an official said June 18….
India sees 20% rise in dollar millionaires, despite GST impact
Despite adverse impact on GST implementation, India saw a 20 per cent increase in both the number of dollar millionaires and their wealth in…
200% rise in invites to Indians for Canadian permanent residency – Canada has emerged as a coveted destination for India’s diaspora.
Indians appear gung-ho about Canada’s Express Entry programme which invites topranked candidates — under the country’s point-based immigration system —…
More than three-fourths of green card waiting list comprise of Indians: USCIS
Indians account for more than three-fourths of those highly-skilled professionals waiting in queue to obtain legal permanent residence status in the…
Indra Nooyi is World’s Highest Paid Female CEO
PepsiCo CEO Indra Nooyi is the world’s highest-paid female CEO, with a compensation of $25.9 million, the Associated Press reports….
Kal Penn Tapped to Host Amazon Financial Docuseries from Will Ferrell, Adam McKay
Actor Kal Penn will star in a new documentary, as yet untitled, about the global economy for Amazon, to be…
Reliance Entertainment, Imtiaz Ali partner to form WINDOW SEAT FILMS, LLP
Anil D. Ambani owned Reliance Entertainment and one of India’s most celebrated filmmakers, Imtiaz Ali, today announced the formation of…
India underlines fastest growing economy status but market rout clouds outlook
India’s growth recovery strengthened last quarter but doubts remain over whether it can sustain that pace amid surging oil prices…
The Share of Female CEOs in the Fortune 500 Dropped by 25% in 2018
The number of women leading the largest companies has always been small. This year, it got 25 percent smaller, according…
8 Changes to Social Security in 2018
For 2018, the basic structure of Social Security is the same in terms of how workers are taxed and how…
Rupee rout: on the Indian currency’s slide Slide of the currency and a widening trade deficit present the RBI with a huge dilemma
India’s macroeconomic threats lie exposed as it grapples with the rupee’s slide. The currency sunk to a closing low of 68.07…
Rajesh Wadhawan Chair for Development Economics at University of Rochester
The Simon Business School at the University of Rochester announced the establishment of the Rajesh Wadhawan Chair for Development Economics,…
US adds India to currency watch list with China
The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and…
Project to Transform Cold Storage in India by Duke University Team vying for Hult Prize
The mPower student team at Duke University led by Indian Americans Saheel Chodavadia and Harshvardhan Sanghi has advanced to compete…
India, US are natural allies: Ambassador Richard Verma Pitches for UNSC membership for India
The United States and India are natural allies and the two countries need to take full potential of the relation…
Infosys to create 3,000 jobs in Indianapolis
While the Trump and his administration has been anti-immigrants, falsely accusing them of taking away the jobs in the United…
Indian Americans: A Model Ethnic Group In The US
“In the Western imagination, India conjures up everything from saris and spices to turbans and, temples—and the pulsating energy of…
Mukesh Ambani, Indira Jaising, Balkrishna Doshi named Fortune’s Greatest Leaders 2018
Reliance Industries (RIL) Chairman Mukesh Ambani, Architect Balkrishna Doshi, and human rights lawyer Indira Jaising have been featured in Fortune…
India claims top spot for 2018 growth among major economies – Reuters poll
India will claim the top spot among the world’s fastest-growing major economies this year, but rising trade tensions between the United…
Trade Tariffs between the 2 largest economies lead to ongoing trade war, market disruptions
The ongoing trade dispute between the United States and China has led both countries to announce billions of dollars’ worth…
Congressman Ro Khanna is 4th richest Californian in Congress
With a minimum net worth of $27 million, freshman lawmaker Ro Khanna (D-Fremont) is the fourth-richest Californian in Congress. That’s according to…
Harry Arora to run for Congress in Connecticut
With his base in wealthy Fairfield County in the state of Connecticut, Rep. Jim Himes is a top campaign fundraiser,…
10 Indian Americans make it to Forbes Billionaires list 2018
Ten richest of all Indian Americans have made it to the Forbes List 2018< The World’s Billionaires on March 6th….
HAB BANK hosts customer appreciation gala dinner in New Jersey
HAB BANK, nation’s oldest and largest South Asian American bank, hosted a dinner on Friday, February 16, for its Iselin…
Dita Bhargava to run for State Treasurer in Connecticut
Abandoning her run to be the Governor of Connecticut, Indian American Dita Bhargava has announced that she will run for…
Indian-American Impact Fund announces first round of endorsements for 2018 elections
The Indian American Impact Fund, a recently launched political action committee, announced Feb. 8, that it has endorsed two candidates…
Nirav Modi, India’s jeweler to Hollywood stars, accused of massive bank fraud
Nirav Modi’s name is a stamp of corporate India’s growing global prestige. On Hollywood red carpets, his diamonds have sparkled…
Top colleges like Yale are teaching students to prioritize happiness—not money and power
It takes a lot of hard work to get into places like Yale and Stanford. But once students make it…
More than 11,000 Americans targeted in India call center tax scheme
Three men in India were arrested Monday night after police uncovered a huge scheme that targeted more than 11,000 people…
Chhaya CDC launches Free Tax Prep Services for citizens of Richmond Hill, Queens, NY
Richmond Hill, New York. On Wednesday, July 7th, Chhaya CDC launched the expansion of its Free Tax Prep Services in the…
Narendra Modi to be first PM to attend World Economic Forum in 20 years
Indians are likely to dominate the WEF which will be held in Davos next year. More than 100 Indian CEO…
Bitcoin, the new mantra to make quick money
Bitcoin, the red hot digital currency continues to hit new highs week after week — and it’s now got the…
Average US household owes $15,654 in credit card debt
Based on a recent survey, we’re guessing those goals will probably include paying down debt. NerdWallet released its Household Credit Card Debt…
Republicans-led US Senate approves Tax Bill that benefits the wealthy and big corporations
In the early hours of Saturday morning, December 2nd, Senate Republicans passed their version of a sweeping tax overhaul. Roughly five hours…
Tillerson Meets Modi, Swaraj; discusses H1 visa, terrorism, trade, technology, Indo-Pacific
U.S. Secretary of State Rex Tillerson, on his first visit to India as a cabinet member, discussed expanding and solidifying…
Rohit Chopra nominated as Commissioner of Federal Trade Commission
Rohit Chopra, a senior fellow at the Consumer Federation of America, is expected to be nominated by President Trump as…
India is a top source and destination for world’s migrants
India has a long history of migration. More than a century ago, large numbers of Indian migrants – many of them…
Lakshmi Mittal donates $25 million to Harvard University
India’s Steel tycoon Lakshmi Mittal has donated $25 million to the prestigious Harvard University with an aim to increase engagement with South…
Linking Aadhaar number to bank accounts mandatory, says India’s top Bank
Reserve Bank of India has said linkage of biometric identity number Aadhaar with bank accounts is mandatory. The RBI clarification…
India leading emerging nations in race for universal energy access
India is on course to achieving universal access to electricity and clean cooking facilities by the early 2020s, a decade…
Inequality increased in China, India and US: International Monetary Fund
Despite a sharp fall in inequality around the world, the US, China and India have witnessed upward trends in its…