Business

Photo: Reuters NEW DELHI (Reuters) -Adani Group founder Gautam Adani responded for the first time on November 30 to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to

Photo: Carnival HEV BY REENA RATHORE In a world racing toward a greener future, one car company has hit the accelerator, leaving competitors in the rearview. As fuel prices continue to rise, with its electrified lineup, Kia is blazing a trail into

India-West News Desk OMAHA, NE – Byju Raveendran, founder of the embattled ed-tech firm Byju’s, faces allegations of witness tampering alongside claims of financial misconduct as he fights to regain control of his struggling business empire. According to a Bloomberg report, Nebraska

Photo: Twitter NEW DELHI (Reuters) - Blackstone has dropped plans to acquire a majority stake in the snacks business of India's Haldiram's but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a

BENGALURU (Reuters) - Hilton Worldwide expects to quadruple the number of hotel rooms in its India pipeline in the next five years, the company's APAC chief said, as the hotel operator seeks to close the gap with rivals amid a

India-West Staff Reporter SAN DIEGO, CA—The Global Institute of Stem Cell Therapy and Research (GIOSTAR), based here which is focused on developing innovative therapies to improve the care of patients with Type II diabetes has announced that the U.S. Food and Drug

Photo: Consul General of India Somnath Ghosh, Arvin Shah, Michigan Governor Gretchen Whitmer, and Dhaval Vaishnav, NAICC President. India-West Staff Reporter SOUTHFIELD, MI – Arvin Shah, founder and chairman of Sky Bird Group, was recognized with the Lifetime Business Achievement Award by

India-West News Desk NEW YORK, NY - Several Indian Americans are among Fortune’s inaugural ‘100 Most Powerful People in Business,’ a list recognizing founders, CEOs, disruptors, and innovators across 40 industries. Each of these individuals, according to Fortune, possesses a key

India-West News Desk NEW DELHI - Elon Musk’s Starlink is preparing to enter India’s internet market, setting the stage for a potential shake-up in a sector currently dominated by Mukesh Ambani’s Reliance Jio, Sunil Bharti Mittal’s Airtel, and the Indian government owned

Photo: Diageo India-West News Desk NEW YORK, NY– The Rupert Murdoch led News Corp has announced that Lavanya Chandrashekar will succeed Susan Panuccio as Chief Financial Officer, effective January 1, 2025. Chandrashekar brings nearly 30 years of experience in international finance and investor relations,

Photo: Reuters/Brian Snyder WASHINGTON, DC (Reuters) - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment. Musk contributed at least $119

India-West Staff Reporter IRVINE, CA - The 2025 Kia Carnival Hybrid is shaking things up in the world of family vehicles. While minivans have often been the unsung heroes of family travel, they’ve struggled to capture the attention of younger buyers

India-West News Desk DALLAS, TX – Southwest Airlines has named Rakesh Gangwal, an accomplished airline executive and entrepreneur, as the new independent chair of its board of directors. Gangwal’s appointment, effective November 1, comes amid significant changes within the Dallas-based carrier,

India-West News Desk FARMINGTON HILLS, MI - Manoj Bhargava, billionaire founder of 5-Hour Energy, transitioned from monkhood in India to a life of staggering wealth and philanthropy. Now, U.S. tax authorities say that his charitable efforts were sophisticated tax evasion tactics. In

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

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