Business

NEW DELHI, (IANS) - India’s pharmaceutical exports continue to register double-digit growth, reflecting the strong demand for the country’s affordable generic medicines in global markets led by the USA and UK. India’s pharma exports grew by 10.45 percent in May this

India-West Staff Reporter SAN JOSE, CA – PayPal has announced the appointment of Srini Venkatesan as chief technology officer, effective June 24. In this role, the Indian American will lead the development and implementation of technology across the entire PayPal ecosystem,

SAN FRANCISCO, CA (IANS) - On June 12, Priyank Kharge, Karnataka’s minister for IT and Biotechnology, announced the launch of ‘Hypergrowth Global Karnataka,’ a global late-stage scaling program, at an event here. Dr. Ekroop Kaur, a state official expressed the government's

India-West Staff Reporter CINCINNATI, OH - Tata Consultancy Services (TCS) on June 11 announced the launch of a new Internet of Things (IoT) engineering lab here, to assist clients in developing innovative solutions more efficiently. The lab is designed to support the

NEW DELHI, (IANS) - Before kicking off this year's Apple's annual Worldwide Developers Conference (WWDC), the company's CEO Tim Cook on June 10 shared his experience of meeting with student developers who won 'Swift Student Challenge' and one of them

India-West News Desk NEW YORK, NY – On May 30, Anant Yardi, the prominent software entrepreneur, acquired a majority stake in WeWork following a federal bankruptcy court's decision to transfer control of the co-working giant to its creditors. “While Yardi will become

SAN FRANCISCO, CA (IANS) - Lauding engineer Ashok Elluswamy, who was the first recruit of Tesla's Autopilot team, Elon Musk on June 9 expressed gratitude towards him, saying that "without him and our awesome team, we would just be another

India-West Staff Reporter LOS ANGELES, CA - Elevate K-12, a provider of live teaching for K-12 classrooms, has received its first official accreditation by the Accrediting Commission for Schools, Western Association of Schools and Colleges (WASC). T "Receiving WASC accreditation is a

MUMBAI, (IANS) - IT major Wipro on June 6 announced it has secured a $500 million deal from a leading US communication service provider over a period of five years. In a stock exchange filing, the IT services company said it

NEW YORK, NY (IANS) - A group of lenders on June 5 petitioned against new entities, tied to embattled ed-tech company Byju's US subsidiary, into bankruptcy in a US court, alleging that these entities are not paying their debts. The group

India-West News Desk SEATTLE, WA - Microsoft CEO Satya Nadella has stepped down from the Starbucks board. In his letter of resignation, Nadella didn’t explain his decision. But Nadella threw his weight behind fellow Indian American, the Starbucks CEO Laxman Narasimhan and

NEW YORK, NY (IANS) - Tata Group and the Adar Poonawalla-run Serum Institute of India (SII) have been recognized among the top 100 ‘World’s Most Influential Companies of 2024’ by Time magazine. While the Tata Group was included in the list

NEW DELHI, (IANS) - Union Minister Rajeev Chandrasekhar on May 29 welcomed American major United Parcel Service (UPS) for its plans to manufacture tags used in tracking packages in the country. Chandrasekhar said the country looks forward to welcoming UPS to

NEW DELHI, (IANS) - To help Micro, Small, and Medium Enterprises and startups integrate better in the global supply chain, the India-US CEO Forum’s Working Group 7  on May 27 launched the bilateral knowledge-sharing platform between India and the US. The

WASHINGTON, DC (News Agencies) —The U.S. lobby group representing technology giants Google, Amazon, and Apple has urged India to reconsider its proposed EU-like antitrust legislation, citing potential increases in user costs and negative impacts on investment. The U.S.-India Business Council (USIBC),

NEW DELHI, (IANS) - Goldman Sachs has revised its forecast for India’s GDP growth by 10 basis points to 6.7 percent as it expects the government’s heavy investments in big-ticket infrastructure projects to continue with the huge dividend coming in

NEW DELHI (ANI) - The US Food and Drug Administration has completed the inspection of the multipurpose API manufacturing facility of Solara Active Pharma Sciences Limited at Visakhapatnam. The facility is a green field project spread over an area of

India-West News Desk NEW YORK, NY - Former GOP presidential nominee Vivek Ramaswamy has acquired a 7.7% stake in BuzzFeed, according to a new regulatory filing. The acquisition, detailed in a 13D filing, sent shares of the struggling media company soaring

WASHINGTON, DC (IANS) – In the midst of the debate over the outrageous sums being earned by top managements across corporates becomes more and more transparent and is drawing the ire of many, Nikesh Arora, the India-born CEO of Palo

BENGALURU, (IANS) - Biocon Biologics said on May 21 that the US Food and Drug Administration has approved the company’s first-to-file application for Yesafili, a biosimilar drug for treating eye ailments. The company said the medicine is like the reference product

India-West News Desk VALLEY FORGE, PA - Vanguard has announced that its Board of Directors has appointed Salim Ramji, a longtime financial services executive, as the Company’s new Chief Executive Officer and a member of the Board, effective July 8, 2024.

WASHINGTON, DC (IANS) - Drug makers Dr Reddy's Laboratories, Sun Pharma and Aurobindo Pharma are recalling their products in the US due to manufacturing issues. According to the latest Enforcement Report by the US Food and Drug Administration (USFDA), Dr Reddy’s

NEW DELHI, (IANS) - E-commerce giant Amazon has pumped Rs 1,600 crore into its India arm, Amazon Seller Services, a regulatory filing by the company has shown. The investment comes as India’s e-commerce growth is expected to reach $200-230 billion by

NEW DELHI, (IANS) - Indian American academic, Vivek Wadhwa on May 13 warned Tesla and SpaceX CEO Elon Musk against picking China as they would "rob him blind" and instead asked him to consider moving manufacturing to India. Wadhwa's post comes

DALLAS, TX (IANS) - India has emerged as a "critical partner" for the US which is "doubling down" on it for trade and working on further boosting economic ties, according to a senior US trade official. Assistant Commerce Secretary Arun Venkataraman

GURUGRAM, (IANS) - American Express is going to open a new, ultra-modern campus in Gurugram. Spanning almost one million square feet, this facility is the largest office the company has built from the ground up globally. It prioritizes cutting-edge design,

TORONTO, (IANS) - Wipro Infrastructure Engineering's hydraulic cylinders and components manufacturing business has entered into a definitive agreement to acquire Canada-based Novacap portfolio firm Mailhot Industries, the company announced on May 9. This acquisition will allow Wipro Hydraulics to expand its

India-West News Desk SAN FRANCISCO, CA - Nextdoor Holdings, the well-known neighborhood app, has appointed three additional members to its board of directors: Marissa Mayer, Founder/CEO of Sunshine and former President and Chief Executive Officer of Yahoo!, Niraj Shah, Chief Executive

LOS ANGELES, CA (IANS) - Even though building a business is many times difficult in India, the Indian dream is real, said Radhika Gupta, CEO of Edelweiss Asset Management and a Shark Tank Judge. Gupta, India's only female CEO of a

BENGALURU, (IANS) - As India begins its ambitious semiconductor journey, US-based Lam Research Corporation on May 8 announced plans to expand its global chip fabrication equipment supply chain to include India. The company said in a statement that it is exploring

India-West Staff Reporter LOS ANGELES, CA – As part of the National Small Business Week festivities, the U.S. Small Business Administration's Los Angeles District Office (LADO) recognized the achievements of local small business owners at the Los Angeles Regional Small Business

WASHINGTON, DC (ANI) - Legendary investor and Berkshire Hathaway Chairman and CEO Warren Buffett is bullish on India. Presiding over the company's annual meeting on May 5, the nonagenarian investor said there are loads of opportunities in India. To a question

NEW DELHI, (IANS) - ICICI Bank on May 6 announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India. This will allow the bank's NRI customers to make payments for their

NEW DELHI, (IANS) - Drug makers Cipla and Glenmark are recalling their products from the US market due to manufacturing issues. Following the latest Enforcement Report from the US Food and Drug Administration (USFDA), Cipla's subsidiary in New Jersey is recalling

NEW DELHI (IANS) - Meta-owned WhatsApp has said it banned more than 79 lakh accounts in India in the month of March, in compliance with the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. Between the March 1-31 period,

NEW DELHI (IANS) - Elon Musk said on May 2 said that the law of country must be respected else his X platform will be blocked, when an Indian user criticized the billionaire for locking her account over a post. Anu

India-West News DeskNEW YORK, NY - Arnab Ghatak, an Indian American former partner at McKinsey & Co, has filed a lawsuit against the consulting firm, alleging defamation and claiming he was made a “scapegoat” to divert attention from its work

India-West News Desk WASHINGTON, DC - The Department of Homeland Security has established the Artificial Intelligence Safety and Security Board. This board comprises over 20 executives from technology and critical infrastructure sectors, civil rights leaders, academics, and policymakers. The Board will advise

India-West News Desk WASHINGTON, DC - The US Food and Drug Administration (FDA) has initiated an investigation into the composition of spice blends produced by two Indian companies amid claims of high levels of cancer-causing pesticides. Earlier this month, Hong Kong

Photo: FedEx News Room India-West Staff Reporter MEMPHIS, TN - Global express transportation giant, FedEx Express, a subsidiary of FedEx, has unveiled a special tool to address the increasing complexities and volumes of imports into India. Called FedEx Import Tool (FiT), and developed

MUMBAI, (IANS) - Pharma major Lupin Limited has said that it has launched Mirabegron extended-release tablets, 25 mg, in the US market, after having received approval from the Food and Drug Administration. Mirabegron Extended-Release Tablets, 25 mg is a generic equivalent

NEW DELHI, (IANS) - Hewlett Packard Enterprise  on April 16 unveiled its 'Made in India' servers which are now being deployed at large scale to serve the growing demands of customers in the country. In July last year, HPE announced its

Photo: aspenideas.org Photo: Rohan Patel NEW DELHI, (IANS) - In a stark reminder of Twitter (now X) layoffs in 2022 when Elon Musk sacked about 80 per cent of the staff (nearly 7,500 people) after acquiring the social media platform, several high-performers

NEW DELHI, (IANS) - As Apple continues to minimize its dependence on China, the iPhone maker is increasing investments in India and is reportedly in advanced talks with Tata Group's Titan Company and Murugappa Group to assemble sub-components for phone

EDISON, NJ (IANS) - Wipro, a prominent IT major, has appointed Srini Pallia as its new CEO and Managing Director, with immediate effect. Pallia takes over from Thierry Delaporte. Rishad Premji, Chairman of Wipro, expressed confidence in Pallia's capabilities, noting his

NEW YORK, NY (IANS) - India remains a "strong" recipient of foreign investments as multinationals recognize it as an alternative manufacturing base for supply chains, according to the United Nations. "India is benefiting by growing interest from multinationals, which see the

ATHERTON, CA (IANS) - Google Cloud CEO Thomas Kurian on April 9 announced several new capabilities and solutions in the AI era to drive customer success and momentum, including custom silicon advancements, Google Axion which is the company’s first custom

India-West News Desk NEW YORK, NY - The US-India Tax Forum, an initiative established by the US-India Strategic Partnership Forum (USISPF), has appointed Tarun Bajaj, former Revenue Secretary and former Secretary of Economic Affairs to the Government of India, as the

CHENNAI, (IANS) - Tata Group, which acquired Taiwanese electronics manufacturer Wistron's India operations for $125 million in October last year, is now reportedly eyeing to acquire Pegatron's iPhone manufacturing facility near Chennai, as Apple ramps up its presence in the

AUSTIN, TX - After India approved a new electric vehicle policy to attract investments in the EV space by global manufacturers, Tesla is reportedly sending a team this month to search for locations in the country for a $2-3 billion