Business

Photo: William Keller, CEO of Community Bank of the Bay (Left), Ash Patel, chairman and CEO of Commercial Bank of California. (Right) By Navneet S. Chugh IRVINE/OAKLAND, CA – The proposed merger between CBC Bancorp, the parent company of Commercial Bank of California

Photo: Duke University India-West News Desk SAN FRANCISCO, CA - OpenAI has appointed Aaron “Ronnie” Chatterji, a professor of business and public policy at Duke University, as its first ever Chief Economist. This strategic move aims to delve into the economic implications

ndia-West Staff Reporter ARTESIA, CA - Malabar Gold & Diamonds, the world’s sixth-largest jewelry retailer, has launched its flagship showroom in the US in Southern California. The new showroom, located in the city of Artesia, is Malabar’s fifth and largest in

Photo: Reuters/Christinne Muschi NEW DELHI (REUTERS) - India and Canada do not see diplomatic fallout over the murder of a Sikh separatist leader having any immediate impact on bilateral trade ties, government officials from the two countries said. Canada exports primarily minerals,

Photo: (Left to Right) MR Rangaswami, Founder of Indiaspora,Shantanu Narayen, Dr. Srikar Reddy, Indian Consul General, San Francisco, Pat McGovern III, Sudhir Sethi India-West Staff Reporter SAN FRANCISCO, CA – The global VC fund Chiratae Ventures announced that it had given three

Photo: (Left to Right) Rekha Sethi, Director General, All India Management Association, Shankar Trivedi, Senior VP, Enterprise Business, NVIDIA, Sunil Munjal, Chairman, AIMA International, K. Srikar Reddy, Consul General of India at San Francisco By Vartika Goyal and Megha Agrawal SANTA CLARA,

Photo: Reuters/Denis Balibouse NEW DELHI, (REUTERS) - Mukesh Ambani's Reliance has privately argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated by New Delhi and not auctioned, intensifying a face-off with Elon Musk's Starlink. How spectrum

Photo: Reuters/Toby Melville PARIS/DELHI, (REUTERS) - Air India has continued a dramatic bid to recapture a place among top carriers by placing a new order for 85 Airbus jets and now eyes more Boeings on top of an historic purchase of

India-West Staff Reporter NEW YORK, NY - ITServe Alliance, the largest association of IT services organizations in the United States, has announced the launch of its 23rd chapter in New York. The new chapter will be inaugurated on October 14 at

Photo: Shaktikanta Das, Governor of the Reserve Bank of India pays his respect to Ratan Tata, in Mumbai on October 10. Photo: Reuters/Francis Mascarenhas MUMBAI, (REUTERS) – "India and the world have lost a giant with a giant heart," U.S. ambassador

PALO ALTO, CA  (REUTERS) - Computer scientist Andrew Ng-led AI Fund said on October 8 it has invested in an Indian artificial intelligence healthcare firm named Jivi, the fund's first such investment in the country. India's booming AI segment is expected

Photo: Reuters/Jeenah Moon NEW YORK, NY (REUTERS) - Blackstone Inc, the world's largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the situation said. The new buyout

WASHINGTON, DC (ANI)- Commerce Minister Piyush Goyal, currently visiting the United States, on October 2 met with US Secretary of Commerce Gina Raimondo during the India-US CEO Forum. The meeting focused on enhancing bilateral cooperation and exploring new investment opportunities,

India-West Staff Reporter IRVING, TX – Ekambar Kumar Singirikonda, Director of DevOps Engineering at Toyota, has been voted the 2024 Best Tech Manager through a community-driven vote at the prestigious Timmy Awards, hosted by Tech in Motion. The annual awards recognize standout

Photo: Reuters/Francis Mascarenhas MUMBAI, (REUTERS) - JPMorgan, the largest bank in the U.S., is bullish on India and Japan within Asia but is also keen to allocate resources towards Southeast Asia, which is benefiting from the "China Plus One" strategy, a

Photo: Reuters/Lananh Nguyen NEW YORK, NY (REUTERS) - U.S. Federal Trade Commission Chair Lina Khan on September 20 welcomed that companies are weighing antitrust considerations early in their dealmaking process. "When you see greater scrutiny of mergers, you can see greater deterrence

India-West News DeskCARROLLTON, TX - Indian hospitality giant Oyo has announced its acquisition of economy hotel franchiser G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash transaction.G6 Hospitality, the parent company of Motel 6 and extended-stay brand

Photo: Reuters/David Swanson MINNEAPOLIS, MN (REUTERS) - Minneapolis Federal Reserve President Neel Kashkari on September 23 said he supported the U.S. central bank's recent interest rate cut, calling it the "right decision" considering substantial progress on inflation and the risk of

NEW YORK, NY (ANI) - Prime Minister Narendra Modi held a significant roundtable meeting with leading technology industry CEOs in New York on September 22 at the Lotte Hotel where he was staying. The event drew praise from Modi for MIT's

Photo : Reuters Florence Lo Illustration BENGALURU, (REUTERS) - Analog Devices and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the U.S. chipmaker said on September 18. Tata Electronics, the electronics-manufacturing arm of the

BENGALURU, (REUTERS) - Disney Star India has sought $940 million from Zee Entertainment in damages in a London court for the termination of a cricket broadcasting agreement, the Indian broadcaster said on September 18. Shares of Zee Entertainment were down 1.3%

India-West News Desk CHICAGO, IL - Air India has issued a full refund to Anip Patel, CEO of CaPatel Investments, after he shared a video on social media detailing his disappointing first-class experience. The Indian American businessman had taken a non-stop flight

Photo: Reuters/Carlos Barria NEW YORK, NY (REUTERS) - Ajit Jain, the longtime top insurance executive at Warren Buffett's Berkshire Hathaway sold more than half of his Class A shares in the conglomerate this week. According to a September 11 night regulatory filing,

WASHINGTON DC (ANI) - The State Department will collaborate with the India Semiconductor Mission and India's Ministry of Electronics and IT under the International Technology Security and Innovation (ITSI) Fund, created by the CHIPS Act of 2022 that was enacted

Photo: Reuters Dado Ruvic Illustration SEATTLE, WA (REUTERS) - Amazon expects to help Indian exporters sell about $5 billion worth of small-ticket items through its platform this year in markets such as the United States and Britain, up from nearly $3

India-West Staff Reporter LOS ANGELES, CA - The South Asian Network (SAN) has released a new market research report detailing the challenges faced by small businesses in Little Bangladesh, Los Angeles. Following its earlier report on South Asian businesses in Artesia's

SAN FRANCISCO, CA (ANI) - The Chief Minister of Tamil Nadu, M K Stalin said on September 1 that he secured Rs 400 crore investment from Ohmium in Chengalpattu district, creating 500 jobs. Stalin said that the deal marked an important

Photo: Reuters/Amit Dave NEW YORK, NY (REUTERS) - Customs and Border Protection has detained nearly $43 million in shipments of electronics equipment from India since October under a 2022 law banning goods made with forced labor, according to agency data, representing

Photo: Reuters/Francis Mascarenhas BENGALURU, (REUTERS) - Walt Disney Co and Reliance Industries won approval on August 28 for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on broadcasting rights for cricket, India's favorite

Photo: File pix from 2023 Capital Hill Day India-West Staff Reporter WASHINGTON, DC - The ITServe Alliance, the largest association of IT solutions and services organizations in the US, has announced its next Capitol Hill Day for September 18, aiming to enhance

Photo: Reuters India-West Staff Reporter CUPERTINO, CA - Tech giant Apple on August 26 named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri. The leadership change comes ahead of Apple's multiple product launch this fall season, which analysts

Photo: Reuters/Dado Ruvic BENGALURU, (REUTERS) - India's Zee Entertainment Enterprises and Sony's unit in the country have agreed to withdraw all claims against each other related to their failed $10 billion merger, Zee said on August 27. The two companies scrapped the

OTTAWA (ANI) - Canadian Prime Minister Justin Trudeau has announced that Canada will introduce higher tariffs on Chinese-made electric vehicles and Chinese steel. He made the remarks while speaking to reporters in Halifax on August 26. Trudeau stated that the decision

Photo: Reuters/Ash Allen NEW DELHI, (REUTERS) - The Indian antitrust body's opposition to a proposed $8.5 billion merger of the Indian media assets of Walt Disney and Reliance may force the companies to sell some lucrative cricket broadcast rights or commit

Photo: LinkedIn India-West Staff Reporter WASHINGTON, DC -The US Chamber of Commerce has announced the appointment of Rahul Sharma as the new India-based Managing Director of the US-India Business Council (USIBC), effective August 20. He will lead a strong team of policy

Photo: Reuters/Francis Mascarenhas MUMBAI, (REUTERS) - In the biggest setback so far to Disney and Reliance's plans to strike a $8.5 billion India media assets merger, the country's antitrust body has reached an initial assessment that the deal harms competition due

India-West Staff Reporter WASHINGTON, DC – Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 34 million small businesses, announced a new memorandum of understanding with India’s

Photo: Reuters/Dado Ruvic/Illustration NEW DELHI, (REUTERS) - India's top court on August 14 revived insolvency proceedings against education technology company Byju's following a lawsuit by a trust representing US lenders who say they are owed $1 billion by the company. The Supreme

NEW DELHI, (ANI) - The American Chamber of Commerce in India (AMCHAM India), the apex chamber of US industry, and the only American business chamber based in India believes that American companies are expected to play an integral role in

SEATTLE, WA (REUTERS/News Agencies) - Starbucks on August 12 announced that Brian Niccol, the head of Chipotle Mexican Grill, will be its new CEO. This unexpected move comes after the coffee giant's shares surged over 20%. Niccol will replace Laxman

Reuters Francis Mascarenhas MUMBAI (REUTERS/Agencies) - India's markets regulator asked investors on August 11 to remain calm and exercise due diligence before reacting to reports by US-based short seller Hindenburg Research. Hindenburg has alleged that the head of Securities and Exchange Board of India

India-West Staff ReporterMILWAUKEE, WI – The National Bobblehead Hall of Fame and Museum unveiled a limited-edition Kamala Harris and Tim Walz 2024 Presidential Candidate bobbleheads. The bobblehead featuring Walz and Harris joins previously released bobbleheads of Donald Trump and JD

DALLAS, TX (IANS) - Charles Schwab, a global leader in financial services, has chosen Hyderabad as the prospective location for its first Technology Development Centre in India. The decision followed discussions between Telangana Chief Minister A. Revanth Reddy, IT Minister D.

BENGALURU, (REUTERS) - India's Byju's said on August 8 that a U.S. court has shunned its lenders' attempts to block its settlement with the Indian cricket board, calling it a "win" for its "turnaround efforts" in the country where it

AMARAVATI, (IANS) - Tech giant Google will partner with Andhra Pradesh in providing Artificial Intelligence (AI) applications in sectors like agriculture, healthcare, sustainability, skill development and startup ecosystems, it was announced on August 6. "This comprehensive partnership will encompass AI applications

SAN BRUNO, CA (IANS) - Google-owned YouTube’s CEO Neal Mohan on August 7 said that Shorts, which was first launched in India, now has trillions of views in the country and domestic creators are making videos inspired by local trends

WASHINGTON, DC (REUTERS) - A landmark ruling on August 5 that Alphabet's Google illegally monopolizes Web search also came with a rebuke for the tech giant for obscuring potential evidence in the case, and a warning to other companies about

SRIPERUMBUDUR, (IANS) - In a fillip to India’s manufacturing, tech giant Apple is set to make its ‘Make in India’ iPhone 16 Pro and 16 Pro Max models available in the country right after the global launch this fall, industry

DALLAS, TX (IANS) - USA Cricket (USAC) on July 27 appointed Johnathan Atkeison as its new CEO effective August 1. Atkeison, who most recently served as the Chief Operating Officer of USA Rugby, joins USA Cricket with over 15 years of

NEW DELHI, (IANS) - Gautam Adani, Chairman of the Adani Group, on July 29 had an "insightful meeting" with FedEx CEO Rajesh Subramaniam, adding that he is "excited" about future collaborations with the global logistics company.  Subramaniam said recently that India is