INDIAN AMERICAN IMPACT
Should investors buy the dip in brokerage stocks? Deepak Shenoy answers But there is a headwind there because SBI did a lot of unsecured lending as well. But therefore, of the public sector bank, Indian Bank looks better. We have a bunch of private banks in our portfolio. So, a little bias there.
03 Jul, 2024, 08.00 AM ISTHow Indian-American businessman duped Goldman Sachs of Rs 8,300 crore Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for his role in a $1 billion fraud scheme involving high-profile investors like Goldman Sachs and Google's parent company, Alphabet. The scheme, which i...
02 Jul, 2024, 10.57 AM ISTBulls March Ahead! Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came...
26 Jun, 2024, 11.37 AM IST- ADVERTISEMENT
Indian national Nikhil Gupta extradited in Pannun foiled murder plot: What's the impact on Indo-US ties? Indian national Nikhil Gupta extradited to the US from Czech Republic for alleged foiled plot to murder Khalistan separatist Gurpatwant Singh Pannun, involving hitman hired by Indian government official. US Department of Justice claims Pannun target...
22 Jun, 2024, 09.40 AM ISTUS cotton body seeks removal of 11% import duty on short staple cotton US agri trade body Cotton Council International (CCI) has called for the removal of the 11% import duty on shorter staple cotton below 32mm length, which came into effect in 2021. The duty affects India's domestic textile industry, which is projecte...
18 Jun, 2024, 07.41 PM ISTSmall Indian-American community making grand contributions in the US: Report The report "Indiaspora Impact Report: Small Community, Big Contributions," conducted by Boston Consulting Group, is the first volume in a series to look at the impact of the Indian diaspora, with a special focus on public service, business, culture ...
15 Jun, 2024, 05.39 PM ISTElection Verdict Impact! ICICI Bank, HDFC Bank, RIL ADRs plunge up to 11% The decline follows mayhem in the Indian markets. The benchmark index S&P BSE Sensex closed at 72,079.05, falling by 4,390 points or 6%. Nifty 50 corrected by 1,379.40 points or 6% to settle at 21,884.50. ADRs of Wipro, MakeMyTrip, Yatra Online, Dr ...
04 Jun, 2024, 08.00 PM ISTSteep H-1B fee hike to burn a big hole in IT companies pockets The steep hike in US H-1B visa fees could spell bad news for Indian IT service providers and dent their pockets significantly, experts and industry insiders have warned.
24 May, 2024, 06.00 AM ISTLecturing India on human rights would not work; conversation will: Indian-American lawmakers Indian-American lawmakers, including Congressman Ro Khanna, Shri Thanedar, Pramila Jayapal, and Dr Ami Bera, have emphasized the importance of having a conversation with India's leadership to raise concerns about human rights. Khanna argued that lec...
17 May, 2024, 12.13 PM ISTIt's time for Indian Americans to run for office at all levels, says Raja Krishnamoorthi "My third and final point is, it's time to run for the office. It's time to run for office at all levels," Krishnamoorthi said a day after Vice President Kamala Harris said that Indian Americans are underrepresented in the elected offices in the Uni...
17 May, 2024, 08.52 AM ISTNumber of Indian Americans in elected offices not reflective of their population, says Kamala Harris "Over the years, we've had so much more participation by Indian Americans in the electoral process running for office. But the numbers are still not reflective of the size of the growing population," Harris, the first-ever Indian American, African A...
16 May, 2024, 08.11 AM ISTPowerful solar storm impacts Earth, says ISRO A powerful solar storm from Sun's region AR13664 hit Earth in May 2024, causing disruptions to communication and GPS systems. ISRO reported an intense geomagnetic storm with X-class flares and Coronal Mass Ejections (CMEs). The event, comparable to ...
14 May, 2024, 10.07 PM ISTHere is why the US ‘keeps trying to cap visas for Indians’ Harbir K Bhatia, CEO of the Silicon Valley Central Chamber of Commerce, highlighted the significant role of skilled Indian immigrants in America's tech industry, stating that the sector heavily relies on them for innovation and talent. She emphasize...
09 May, 2024, 04.01 PM ISTKPIT Tech shares surge 7% after PAT grows 47% in Q4 KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 1,317.8 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
29 Apr, 2024, 04.51 PM ISTAmerican dream fading? Things don’t look too good for those seeking to migrate to US, especially Indians The US has restricted legal immigration since the 1920s. David J Bier, director, immigration studies at Cato Institute, points out that the system utterly fails those aspiring to pursue the 'American Dream' in lawful and orderly ways. His Feb 2024 s...
18 Apr, 2024, 02.46 PM ISTUS soil being used for terrorist activities against India: Community leaders tell DOJ and FBI Eminent Indian Americans in Silicon Valley met with US officials to discuss terrorist activities against India and hate crimes targeting Hindus. Dissatisfaction was expressed with law enforcement's inaction against threats posed by the Khalistan mov...
14 Mar, 2024, 12.46 PM ISTHigher education 'enrolment cliff' likely to open doors for more Indian students The number of Indian students enrolling in American universities is set to surge five times to over 1 million per year by 2030 amid a dramatic decline in the population of college-age students in the US, a trend referred to as the 'enrolment cliff'....
05 Feb, 2024, 01.07 AM ISTIndia-US relationship is very important, significant not only for them but for global good, says Amb Taranjit Sandhu Outgoing Indian Ambassador to the US Taranjit Singh Sandhu emphasized the importance of the US-India relationship, stating that it is significant for both countries and the global community. Sandhu urged Indian Americans to keep their children conne...
21 Jan, 2024, 11.04 AM ISTTrump triumphs in Iowa caucuses; Indian-American Ramaswamy suspends presidential campaign Despite facing a number of legal challenges, Trump, 77, won the Iowa caucuses in a landslide with Governor Ron DeSantis of Florida securing a critical but distant second-place finish in the contest that took place amidst blistering cold.
16 Jan, 2024, 09.48 PM ISTThis is how US Fed rate cuts will impact Indian economy US Fed officials expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September’s projections. The Fed cutting rates draws positive reaction from India due to an overall positive impact.
14 Dec, 2023, 07.52 PM IST