Investments
MasterCard CEO Ajay Banga Named to 2016 FSR Board of Directors
NEW YORK (TIP): Indian American president and chief executive officer of MasterCard Ajay Banga has been named the chairman of the board of directors for 2016 by the Financial Services Roundtable. The Financial Services Roundtable […]
American Pilgrimage making waves in US
NEW YORK (TIP): Released this past fall on Universal Music Classics, American Pilgrimage, an album of Indian melody and jazz improvisation, has ascended to No. 8 on the Indian Jazz Charts on iTunes. The track ‘Kesariya’ has been featured on Spotify’s Jazz Playlist […]
Indian American Vivek Ranadive to lead University of California’s Investment Fund
SACRAMENTO (TIP): Prominent Indian American businessmen will lead a venture to collect funds for University of California with an aim to invest in innovation opportunities. Silicon Valley entrepreneur Vivek Ranadivé, a pioneer in the realm […]
Temasek to buy Care Hosp for 1.8k crore
MUMBAI (TIP): Temasek Holding is set to acquire majority shares in Hyderabad-based Care Hospitals, the country’s fifth largest private healthcare network, for around Rs 1,800 crore in what is possibly the largest M&A deal in […]
Arts Matter
The power of dance, music, theater, and visual arts can impact our kids tremendously. As a teacher I saw this firsthand in the classroom when I incorporated the arts into my lessons – students beamed and […]
Sheena Bora Murder Case | Peter Mukerjea to spend Christmas Locked up
A Mumbai Magistrate court on Monday extended the judicial custody of former media baron Peter Mukerjea till December 28. (Peter Mukerjea, husband of prime accused Indrani Mukerjea, was arrested on November 19 for his alleged […]
SHEENA BORA CASE – Indrani Mukerjea, Peter Mukerjea did massive money laundering: CBDT report
NEW DELHI (TIP): Another turn in the Sheena Bora murder as misappropriation of funds & money laundering comes up in a report published by Central Board of Direct Taxes (CBDT). The report alleges Indrani Mukerjea […]
PE investments in real estate touch $2.8 bn in January-September | India’s top real estate companies stare at Rs 30,000 crore debt
Private equity funds committed $2.8 billion to Indian real estate projects in the first nine months of 2015, global real estate consultancy firm Cushman & Wakefield and Global Real Estate Institute said in a report. […]
AXIS MF UNVEILS CHILDREN’S FUND
BENGALURU (TIP): Axis Mutual Fund, an asset management subsidiary of Axis Bank with assets under management worth Rs 31,789 crore as of September 2015, has launched the Axis Children’s Gift Fund Scheme. The scheme, a […]
Arista Networks CEO Jayshree Ullal Wins Ernst and Young Entrepreneur of the Year Award
WASHINGTON (TIP): The Arista Networks team of Jayshree Ullal and Andy Bechtolsheim, based out of Santa Clara-California, have been honored by Ernst and Young as the 2015 Entrepreneur of the Year. Ullal and Bechtolsheim, who […]
Paris Exposes the Limitations of the West’s Approach to Counter Terrorism
The ‘notion’ of Critical Infrastructure Protection (CIP) has taken a beating after the November 13, 2015 terrorist attacks in Paris. CIP is about protecting vital infrastructure, which, if attacked, would have deleterious consequences for the state […]
WORLD BANK SEES INDIA GROWING AT 7.5% IN FY16
NEW DELHI (TIP): The World Bank has maintained its growth forecast for the Indian economy for the current fiscal year and expects it to expand by 7.5% in 2015-16. It has backed implementation of three […]
Edelweiss starts Real Estate Fund
Edelweiss Alternative Asset Advisors Ltd, part of diversified financial services firm Edelweiss Group, is raising up to $1 billion for its first residential real estate fund, a top executive said. Also, Edelweiss Financial Services is […]
China as a Peer of the United States: Implications of the Joint Statement
China is emerging as a peer and partner of the United States in international affairs. India‘s response should be to work with China in the Asia Infrastructure Investment Bank and in China’s ‘Road and belt’ initiative […]
Indian tech firms support more than 411,000 jobs in US: Nasscom & IBEF FACT of the Day
Contrary to what media reports in United States; Indian information technology companies invested more than $2 billion, paid $22.5 billion in taxes between 2011 and 2013, and supports 411,000 direct and indirect jobs in the […]